Hong Kong, Nov. 10, 2025 (GLOBE NEWSWIRE) -- AsiaStrategy (Nasdaq: SORA), a leader in institutional digital asset strategy in Asia, announced changes in the shareholding structure of its major shareholder, which established Jason Fang, CEO of Sora Ventures, as the largest shareholder of AsiaStrategy. Previously, AsiaStrategy’s major shareholder, Pride River Limited, was held 70% by Mr. Ngai Kwan and 30% by Sora Vision Limited. Following the pending consummation of an agreement dated November 7, 2025, Pride ...

Core Insights - Former Ohio State Treasurer Josh Mandel reported a personal loss exceeding $1.2 million on call options linked to BlackRock's iShares Bitcoin Trust (IBIT) after his prediction of Bitcoin reaching $444,000 by November 8 did not materialize [1][2][3] Group 1: Mandel's Investment and Loss - Mandel disclosed his "all in" strategy on IBIT call options, which ultimately expired worthless [2] - His previous investment strategies included a mix of long and short positions, with an initial bullish outlook on Bitcoin reaching $84,000 [3] - The significant loss highlights the risks associated with options trading in the volatile Bitcoin market [9] Group 2: Background on Bitcoin Advocacy - Mandel was an early advocate for Bitcoin, launching OhioCrypto.com in 2018, allowing businesses to pay state taxes in Bitcoin [5][6] - His initiative aimed to position Ohio as a leader in blockchain innovation and modernize state finances [6] - The program faced regulatory challenges and was suspended in 2019, with limited adoption by businesses [7] Group 3: Market Context - Interest in Bitcoin ETF options has surged since their launch in late 2024, with increased trading volumes and a preference for bullish positions among traders [8] - Recent performance of Bitcoin ETFs has been lackluster, with significant outflows reaching levels not seen since May, although a recent inflow was recorded after a $2.9 billion outflow streak [9] - Mandel's speculative long-term bets are seen as outliers, emphasizing the inherent risks in the options market and Bitcoin's price volatility [9]

Core Insights - Universal Digital Inc. has entered into a strategic partnership with Crypto.com to enhance its digital asset management capabilities [1][2][3] - The partnership will leverage Crypto.com's institutional-grade custody infrastructure and OTC services to support Universal Digital's portfolio [2][3] - This collaboration aims to strengthen asset security and improve liquidity management, aligning with Universal Digital's long-term vision for shareholder value [3][4] Company Overview - Universal Digital Inc. is a Canadian investment company focused on digital assets and high-growth industries, particularly in blockchain and cryptocurrencies [5] - The company aims to provide long-term capital growth through a diversified investment approach and participate in the transformation of global finance [5] Crypto.com Overview - Crypto.com is recognized as an industry leader in security standards, regulatory compliance, and innovative financial products [3][6] - Founded in 2016, Crypto.com aims to accelerate cryptocurrency adoption through innovation and is trusted by millions of users worldwide [6]

Core Insights - CleanCore Solutions, Inc. has appointed Matt Swann as Chief Digital Officer of House of Doge Inc., aiming to enhance the real-world applications of Dogecoin payments and blockchain innovation [1][2][3] - Swann, a veteran technology leader with experience at Booking.com, Amazon, StubHub, and Citi, will lead the development of next-generation digital and payment infrastructure for Dogecoin [2][3] - The appointment is seen as a significant step towards transforming Dogecoin from a community currency into a widely accepted medium of exchange, with CleanCore aiming to secure up to 5% of Dogecoin's circulating supply [3] Company Overview - CleanCore Solutions, Inc. focuses on revolutionizing cleaning and disinfection practices through patented aqueous ozone technology, promoting sustainable solutions [4] - House of Doge, the corporate arm of the Dogecoin Foundation, is dedicated to advancing Dogecoin as a decentralized global currency by investing in necessary infrastructure for everyday commerce [5] - Initiatives include developing financial products, real-world asset tokenization, and establishing a Dogecoin treasury strategy to support long-term utility and growth [5]

Core Insights - Ripple has acquired GTreasury for $1 billion, marking its third significant acquisition in 2025, all focused on TradFi-related infrastructure [1][6] - The acquisition aims to enhance Ripple's capabilities in the corporate treasury market, a multi-trillion-dollar sector [4][6] - Ripple is positioning itself to innovate within traditional finance by integrating blockchain technology to improve payment systems [5][7] Company Strategy - Ripple is actively pursuing a banking license in the US and forming partnerships with major traditional finance banks [2][3] - The acquisition of GTreasury is expected to facilitate Ripple's entry into the corporate treasury market, which is essential for large corporations [4][6] - Previous acquisitions include Hidden Road for a broker-dealer license and a stablecoin payments processor, indicating a strategic focus on building a comprehensive financial infrastructure [6][7] Market Impact - The integration of GTreasury's capabilities with Ripple's blockchain technology is anticipated to address inefficiencies in traditional payment systems [5][7] - Ripple's efforts could unlock new growth opportunities for treasury and finance teams by enabling instant payment processing and better capital utilization [5][6]

Core Insights - SOL Strategies Inc. is participating in a Water Tower Research Fireside Chat on October 16, 2025, with Interim CEO Michael Hubbard as a speaker [1][2] - The company is recognized as the first publicly traded entity to integrate a significant Solana treasury with a revenue-generating validator business [1] - SOL Strategies focuses on blockchain innovation, particularly within the Solana ecosystem, providing strategic investments and infrastructure solutions for decentralized applications [2] Event Details - The Fireside Chat will be hosted by Dr. John Roy, Managing Director of Technology Equity Research at Water Tower Research, covering various topics relevant to investors [2] - The event is open access for all investors, with registration available through Water Tower Research [2] Company Overview - SOL Strategies Inc. operates as a Canadian investment company at the forefront of blockchain innovation [2] - The company specializes in the Solana ecosystem, aiming to enable the next generation of decentralized applications through strategic investments and infrastructure solutions [2]

Core Insights - SOL Strategies Inc. has announced the purchase of 88,433 SOL tokens using proceeds from its recently closed C$30 million LIFE offering, at an average price of USD$193.93 per SOL [1][2][3] Group 1: Purchase Details - The acquisition includes approximately 79,000 locked SOL tokens from the Solana Foundation at a 15% discount, along with spot SOL tokens purchased in the open market [2] - The locked tokens will fully unlock after twelve months and are immediately staked to the Company's validators [2] Group 2: Strategic Intent - The capital deployment from the LIFE offering reflects the Company's commitment to expanding its Solana treasury at attractive valuations [3] - The acquisition of locked SOL at a discount while generating staking rewards through the validator infrastructure exemplifies the Company's DAT++ strategy [3] Group 3: Company Overview - SOL Strategies Inc. is a Canadian investment company focused on blockchain innovation, specializing in the Solana ecosystem [3] - The Company provides strategic investments and infrastructure solutions to support the development of decentralized applications [3]

Core Viewpoint - Mercurity Fintech Holding Inc. has received approval to transfer its listing from the Nasdaq Capital Market to the Nasdaq Global Market, indicating the company's growth and compliance with higher financial and corporate governance standards [1][3]. Group 1: Company Developments - The transition to the Nasdaq Global Market is expected to enhance the company's visibility among institutional investors, improve liquidity, and broaden market recognition [2]. - The uplisting will be effective from October 9, 2025, with shares continuing to trade under the ticker symbol "MFH" [6]. - Earlier in the year, the company was added to the Russell 2000 Index and the S&P Global Broad Market Index, which has begun to expand its investor base [4]. Group 2: Strategic Initiatives - The company continues to execute its Digital Asset Treasury Strategy (DATS) through its subsidiary Chaince Securities LLC, focusing on advisory services in digital asset treasury management and tokenization [5]. - This strategy positions the company at the intersection of blockchain innovation and regulated capital markets [5]. Group 3: Leadership Perspective - The CEO expressed enthusiasm about the uplisting, highlighting it as a reflection of the company's progress and adherence to Nasdaq's standards, and emphasized the intention to leverage this enhanced platform for continued growth and shareholder value [3].

Core Insights - Sonic Labs has appointed Mitchell Demeter as the new CEO, which is a significant development for the blockchain company [1] - The network's native token, S, has increased nearly 5% in the last 24 hours, contrasting with the overall decline in the altcoin market [1][4] Leadership and Strategy - Demeter is recognized for launching the first Bitcoin ATM and co-founding one of Canada's early digital exchanges, bringing valuable experience in merging blockchain technology with institutional finance [2] - Sonic Labs aims to leverage its technology's speed and scalability to penetrate institutional finance and global markets [2] Achievements and Market Position - Since its launch in December 2024, Sonic Labs has achieved key milestones, including a listing on Coinbase, native USDC issuance, and integration with Chainlink's CCIP [3] - The company acknowledges that gaining institutional support is crucial for mainstream adoption of its blockchain technology [3] Market Performance - The S token has reached $0.2434, with a notable 78.68% increase in trading volume, indicating strong market interest [4] - Technical indicators suggest potential for further price increases, with immediate resistance levels at $0.26 and $0.29 [5] Expansion Plans - Sonic Labs, previously known as Fantom (FTM), has approved a $150 million expansion strategy to enter the U.S. market, which includes a $50 million ETF initiative and a $100 million investment program [6] - A new Delaware-registered company, Sonic USA, will be established in New York to facilitate this expansion [6] Future Vision - Andre Cronje, the creator of Sonic, envisions that 90% of fees will be directed to decentralized applications (dApps) by 2025 [7]

Core Viewpoint - SOL Strategies Inc. has announced an increase in its private placement offering to C$30,003,000, up from the previously announced C$25,000,000, under the LIFE Offering exemption [1][8]. Group 1: Offering Details - The upsized LIFE Offering will consist of 4,380,000 Units priced at $6.85 per Unit, generating gross proceeds of $30,003,000 [2]. - Each Unit includes one Common Share and one Warrant, with each Warrant exercisable at $8.90 for 36 months post-closing [2][3]. - The offering will be conducted on a best-efforts basis by Canaccord Genuity Corp., which will receive a 6.0% cash commission and broker warrants equal to 6.0% of the Units sold [3]. Group 2: Use of Proceeds - The net proceeds from the LIFE Offering will be allocated for general corporate purposes and investments aligned with SOL Strategies' investment principles, particularly for Solana treasury growth [4]. Group 3: Key Terms - The offering is expected to close around October 1, 2025, subject to necessary approvals [8]. - Common Shares and Warrants will be eligible investments for various Canadian registered accounts [8].