SkyBridge Capital founder Anthony Scaramucci stated Thursday that JPMorgan Chase & Co.’s (NYSE:JPM) move to issue debt securities using Solana (CRYPTO: SOL) supports his firm’s investment thesis.Scaramucci Cheers JPMorgan’s Tokenization PushScaramucci highlighted the report about JPMorgan issuing $50 million in U.S. commercial paper for Galaxy Digital Inc. (NASDAQ:GLXY) directly on Solana, one of the first instances of a major global bank using a public blockchain to issue and service securities.Interesting ...

Core Insights - M2 Capital invested $21 million in AVAX One, a Nasdaq-listed digital asset treasury focused on accumulating AVAX, the native token of the Avalanche blockchain, to support network growth and digital asset adoption in the Middle East [1][3] - AVAX One has rebranded from AgriFORCE Growing Systems Ltd. and aims to maximize holdings of AVAX to participate in Avalanche's ecosystem through staking and liquidity provisioning [2][5] - The investment aligns with M2 Capital's strategy to bridge blockchain innovation with compliance-led demand in the MENA region, enhancing market access and institutional onboarding [3][4] Company Developments - M2 Capital's investment is part of a broader trend among regional institutions seeking exposure to regulated digital asset infrastructure, reflecting increased interest in tokenized products [4] - The partnership aims to enhance network security and create new adoption opportunities through coordinated treasury activities and ecosystem development [6] - Financial terms beyond the initial investment were not disclosed, and no specific timeline for future capital deployments or initiatives was provided [6] Industry Context - Avalanche is a layer-1 blockchain designed for high-throughput and low-latency applications, with AVAX serving as the core economic token for transaction fees, staking, and security [5] - The pivot of AVAX One indicates a growing interest among listed entities to adopt treasury strategies focused on a single network's token economics while leveraging public-market visibility [5]

LATEST: 📈 World Liberty Financial adviser Ogle has opened a $2.2 million, 10x leveraged long position on AVAX following the announcement that Nasdaq-listed AgriFORCE would become an Avalanche treasury firm, with the price of AVAX rallying to a 24-hour high of $35.91 off the back of both stories. ...

Core Insights - The market has seen significant price movements among key players, with Boxlight Corporation, AgriFORCE Growing Systems Ltd., Better Home & Finance Holding Company, and Qualigen Therapeutics, Inc. leading with substantial gains, highlighting the dynamic nature of the market driven by strategic initiatives and innovative solutions [1][5] Boxlight Corporation (BOXL) - Boxlight Corporation's stock price increased to $5.24, representing a 235.90% rise, driven by its innovative educational technology solutions and strategic partnerships [2][6] - The company has started shipping its Clevertouch Pro Series interactive displays across North America, enhancing its market presence in the education sector [2] - Boxlight has a market capitalization of approximately $4.14 million, positioning it for further expansion in the global education market [2] AgriFORCE Growing Systems Ltd. (AGRI) - AgriFORCE's stock price rose to $5.51, marking a 128.63% increase, fueled by its focus on developing plant-based ingredients and products [3][6] - The company aims to become the first publicly-traded entity focused on Avalanche on NASDAQ, with a capital raise strategy of $550 million [3] - AgriFORCE has a market cap of over $3.14 million, indicating potential for growth in the agriculture technology sector [3] Qualigen Therapeutics, Inc. (QLGN) - Qualigen's stock price increased to $5.68, reflecting a 100.03% gain, supported by its innovative healthcare solutions [4] - The company received a strategic investment of $41 million from Faraday Future, which is part of its focus on crypto business and growth engines [4] - Qualigen has a market capitalization of around $4.8 million, bolstered by its cutting-edge research and development in biotechnology [4]

Core Viewpoint - AgriFORCE (AGRI) shares experienced a significant increase, more than tripling in value, following the announcement of a crypto treasury strategy aimed at raising approximately $550 million to invest in AVAX tokens [1][3]. Group 1: Company Strategy - AgriFORCE plans to onboard fintech businesses onto the Avalanche network, aiming to create a "Berkshire Hathaway of the on-chain economy" [4]. - The company has appointed notable figures such as Anthony Scaramucci and Brett Tejpaul to its strategic advisory board, which investors view positively [3]. Group 2: Market Reaction - At one point, AgriFORCE stock was trading nearly 310% higher compared to its year-to-date low, although it later pared back some gains [2]. - The crypto treasury initiative positions AGRI stock as a publicly traded gateway to institutional-grade blockchain infrastructure, appealing to crypto investors [3][4]. Group 3: Financial Considerations - Despite the positive market reaction, AgriFORCE is characterized as a micro-cap penny stock with troubling financials, leading to concerns about volatility and potential manipulation [5][6]. - The company currently lacks coverage from Wall Street analysts, and its minimal revenue and lack of sustained profitability suggest that the shares may be overvalued at current levels [6].

Company Overview - AgriFORCE Growing Systems (AGRI) is rebranding as AVAX One and is launching a $550 million capital raise to become the first Nasdaq-listed company focused on acquiring avalanche (AVAX), the native token of the Avalanche blockchain [1] - The company aims to accumulate more than $700 million worth of AVAX, providing public investors with a professionally managed vehicle to gain exposure to the network, which secures $6.2 billion in staked assets [2] Leadership and Strategy - Anthony Scaramucci, founder of Skybridge Capital, joins as the head of the advisory board, emphasizing the importance of tokenization as a major theme for the next decade of finance [4] - Hivemind Capital founder Matt Zhang will chair the board, with plans to build the "Berkshire Hathaway of the onchain financial economy" by combining disciplined token accumulation with fintech acquisitions [3] Capital Raise Details - The capital raise includes a $300 million PIPE, pending shareholder approval, and up to $250 million in additional equity-linked offerings, with participation from notable investors such as ParaFi, Galaxy Digital, and Kraken [5] - Other participating investors include Big Brain Holdings, FalconX, Republic Digital, and several others, indicating strong interest in the capital raise [5] Existing Operations - AVAX One will continue to operate AgriFORCE's existing energy infrastructure business through its TerraHash Digital division [6]

Company Acquisitions - Pfizer Inc. has agreed to acquire Metsera, Inc. to enhance its portfolio in medicines targeting obesity and cardiometabolic diseases, introducing a range of oral and injectable therapy candidates [2] Stock Market Performance - U.S. stocks showed a mostly positive trend, with the Nasdaq Composite gaining over 50 points, while the Dow increased by 0.01% to 46,321.12, and the S&P 500 rose by 0.15% to 6,674.60 [1] - Information technology shares increased by 0.4%, while consumer staples stocks fell by 0.5% [1] Commodity Market - Oil prices decreased by 0.7% to $62.23, while gold prices increased by 1.3% to $3,752.30. Silver rose by 2.1% to $43.835, and copper fell by 0.4% to $4.6085 [5] Stock Movements - AgriFORCE Growing Systems Ltd. saw a significant increase of 157% to $6.20 following its announcement to rename and raise approximately $550 million [9] - Qualigen Therapeutics, Inc. surged by 141% to $6.86 after a $41 million investment from Faraday Future [9] - MBX Biosciences, Inc. rose by 134% to $23.43 after positive trial results for its product [9] - Chijet Motor Company, Inc. shares dropped by 38% to $0.1813 following the appointment of a new COO [9] - Cosan S.A. shares fell by 23% to $4.3850 after a downgrade from HSBC [9] - Quantum Computing Inc. experienced a decline of 14% to $19.97 after announcing a $500 million private placement [9]

Company Acquisitions - Pfizer Inc. has agreed to acquire Metsera, Inc. to enhance its portfolio in medicines targeting obesity and cardiometabolic diseases, introducing a range of oral and injectable therapy candidates [2] Stock Market Performance - U.S. stocks showed a mostly positive trend, with the Nasdaq Composite gaining over 50 points, while the Dow increased by 0.01% to 46,321.12, and the S&P 500 rose by 0.15% to 6,674.60 [1] - Information technology shares increased by 0.4%, while consumer staples stocks fell by 0.5% [1] Commodity Market - Oil prices decreased by 0.7% to $62.23, while gold prices increased by 1.3% to $3,752.30. Silver rose by 2.1% to $43.835, and copper fell by 0.4% to $4.6085 [5] Stock Movements - AgriFORCE Growing Systems Ltd. saw a significant increase of 157% to $6.20 following its announcement to rename and raise approximately $550 million [9] - Qualigen Therapeutics, Inc. surged by 141% to $6.86 after a $41 million investment from Faraday Future [9] - MBX Biosciences, Inc. rose by 134% to $23.43 after positive Phase 2 trial results for Canvuparatide [9] - Chijet Motor Company, Inc. shares dropped by 38% to $0.1813 after naming a new COO [9] - Cosan S.A. shares fell by 23% to $4.3850 following a downgrade from HSBC [9] - Quantum Computing Inc. decreased by 14% to $19.97 after announcing a $500 million oversubscribed private placement [9]

Core Insights - AgriFORCE Growing Systems Ltd. is rebranding as AVAX One and plans to raise approximately $550 million to focus on acquiring and holding AVAX tokens, the native cryptocurrency of the Avalanche blockchain [1][5] - The company's stock price surged over 200% following the announcement, reflecting strong market interest in its new direction [4][8] - AgriFORCE aims to own over $700 million worth of AVAX tokens, with a capital-raising strategy that includes a $300 million PIPE and an additional $250 million through equity-linked instruments [5][6] Company Strategy - AgriFORCE's CEO Jolie Kahn emphasized the transformation of financial markets through programmable blockchains like Avalanche, positioning the company as a managed vehicle for public market investors to engage with this change [3] - The firm is shifting its focus from Bitcoin mining, which it previously engaged in using clean energy, to a strategy centered on blockchain assets [2][3] - HiveMind Capital is leading the capital raise, with participation from over 50 firms, and notable figures like Anthony Scaramucci joining the advisory board [6][8] Market Reaction - Following the announcement, AgriFORCE's stock was trading at $6.64, reflecting a 175% increase on the day, while AVAX experienced a slight decline of about 4.5% to $31.47 amidst a broader crypto market dip [4] - The company's vision includes building a significant presence in the on-chain financial economy, akin to "the Berkshire Hathaway of the on-chain financial economy," focusing on disciplined asset accumulation and onboarding cash-flowing fintech businesses onto the Avalanche network [7][9]

U.S. stocks traded mostly lower this morning, with the Dow Jones index falling more than 100 points on Monday.Following the market opening Monday, the Dow traded down 0.25% to 46,201.74 while the NASDAQ rose 0.05% to 22,642.88. The S&P 500 also fell, dropping, 0.07% to 6,659.98.Check This Out: Top 2 Tech Stocks That May Plunge This MonthLeading and Lagging SectorsConsumer discretionary shares jumped by 0.2% on Monday.In trading on Monday, energy stocks fell by 0.6%.Top HeadlineThe Chicago Fed National Activ ...