Digital Asset Economy
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Flora Growth Corp. Appoints BitGo as Custodian for $0G Treasury
Newsfile· 2025-10-16 12:00
Core Insights - Flora Growth Corp. will rebrand as ZeroStack, focusing on decentralized AI treasury management [1][5] - The company has appointed BitGo Trust Company for institutional-grade custody of its $0G treasury, emphasizing security and regulatory compliance [1][2][4] Company Overview - ZeroStack is the first and largest decentralized AI treasury company, investing in AI infrastructure through strategic ownership in 0G, which operates an open and decentralized AI network powered by the $0G token [3][5] - The company also functions as a global pharmaceutical distributor via its subsidiary Phatebo GmbH [5] BitGo's Role - BitGo has been providing digital asset infrastructure services since 2013, including custody, wallets, and trading, and is recognized for its focus on security and regulatory compliance [2][6] - The partnership with BitGo reflects ZeroStack's commitment to transparency and operational controls, addressing custody risks for crypto investors [4][6]
While Traders HODL, Germany Loses $3.6B Dumping 50K BTC Before $125K ATH
Yahoo Finance· 2025-10-05 10:11
Germany has missed out on nearly $3.6 billion in potential profits after selling its seized Bitcoin (BTC) stash well before the asset’s explosive surge past $125,000. Key Takeaways: Germany missed out on $3.57 billion in unrealized gains after selling 50,000 BTC before Bitcoin’s surge past $125,000. Lawmakers criticized the early liquidation, while the US opted to hold nearly 200,000 BTC in a strategic reserve. Despite the misstep, Germany continues advancing crypto regulation, adoption, and tax refo ...
Antalpha Expands Collaboration with Tether to Broaden Access to Tether Gold (XAU₮) via RWA Hub
Globenewswire· 2025-09-29 10:00
Core Viewpoint - Antalpha and Tether are expanding their collaboration to enhance the global ecosystem for Tether Gold (XAU₮), emphasizing the strategic importance of gold in the digital asset economy [1][4]. Group 1: Collaboration and Services - Antalpha is launching new financial solutions and services through its partnership with Tether, aimed at increasing the liquidity and product offerings of Tether Gold [1][3]. - The Antalpha RWA Hub will provide collateralized lending services using XAU₮, allowing clients to borrow against their gold-backed tokens [5]. Group 2: Tether Gold (XAU₮) Overview - Tether Gold (XAU₮) is a digital asset backed by physical gold, with each token representing one troy fine ounce of gold, and is tradable on the Ethereum blockchain [2][9]. - The gold backing each XAU₮ token is fully allocated and identifiable, providing holders the option to redeem their tokens for physical gold [2][9]. Group 3: Infrastructure Development - Antalpha plans to establish physical vaults in major financial centers globally to facilitate the exchange of physical gold bars with XAU₮ [6]. - The Antalpha RWA Hub is dedicated to providing liquidity and services specifically for gold as a Real World Asset (RWA) [8].
How IREN is Building an AI Powerhouse on a Bitcoin Foundation
MarketBeat· 2025-09-28 13:12
Core Insights - IREN Limited has experienced a year-to-date stock gain of over 380%, indicating a significant transformation in its business model beyond cryptocurrency mining [1] - The company is pivoting towards the artificial intelligence (AI) sector, positioning itself as a diversified technology company and a key supplier of high-performance computing power [2] Business Transformation - A major catalyst for this shift was the announcement on September 22, 2025, regarding the doubling of its AI Cloud fleet to approximately 23,000 GPUs through a $674 million procurement [2][3] - This strategic move aims to achieve over $500 million in annualized run-rate revenue from its AI Cloud business by Q1 2026, creating a revenue stream independent of Bitcoin mining [4] Financial Performance - In the fiscal year ending June 30, 2025, IREN reported a 168% increase in total revenue to $501 million and a net income of $86.9 million, a significant turnaround from a prior loss [6] - Adjusted EBITDA increased by 395% to $269.7 million, showcasing strong operational leverage and financial stability with $564.5 million in cash available for AI expansion [7] Competitive Advantages - IREN's vertically integrated model allows it to own and operate its entire technology stack, providing advantages over competitors who lease space [8] - The company has secured NVIDIA Preferred Partner status, enhancing its credibility and supply chain access in the AI infrastructure market [5] Market Position and Analyst Sentiment - Arete Research initiated coverage on IREN with a Buy rating and a price target of $78.00, reflecting its emerging status in the AI infrastructure sector [5] - The current price-to-earnings ratio (P/E) of 79.90 indicates market expectations for high future growth, supported by bullish analyst targets [10] Strategic Vision - IREN is leveraging its expertise in operating power-intensive data centers for Bitcoin mining to establish a strong foundation in the AI market [12] - The company is focused on creating one of the largest purpose-built AI infrastructure platforms in North America, with ongoing projects like the Horizon liquid-cooled data centers and the Sweetwater hub [8]
Everything Blockchain (OTC: EBZT) Launches AI Lab and Advances Shareholder-Linked Token Initiative
Globenewswire· 2025-09-25 11:00
Core Insights - Everything Blockchain Inc. (EBZT) is launching an AI Lab for Autonomous Finance and is advancing plans for a shareholder-linked token, aiming to simplify access to the digital asset economy [1][5][6] - The digital assets industry is rapidly expanding, and EBZT offers a single public stock as a straightforward alternative for diversified exposure without the complexities of managing individual tokens [2][6] - The AI Lab's first project, Clover Mint, will automate yield generation and treasury management, making it easier for investors to capitalize on yield opportunities in blockchain markets [3][4] Group 1: AI Lab and Clover Mint - The AI Lab will focus on pioneering technology for automated yield generation and treasury management, with Clover Mint as its first project [3][6] - Clover Mint will continuously scan blockchain markets to identify yield opportunities and deploy capital within defined risk parameters, simplifying the investment process [3][4] - A public demonstration of Clover Mint is scheduled for November 2025, which is expected to be a significant milestone for investors [4] Group 2: Shareholder-Linked Token - EBZT is exploring a shareholder-linked token that aims to deepen alignment with shareholders and create hybrid exposure across equity and tokenized income opportunities [5][7] - The initiative is designed to expand EBZT's visibility within the global blockchain ecosystem and provide new ways for investors to participate in the company's growth [5][7] Group 3: Market Positioning - EBZT aims to establish itself as a public-market vehicle for capturing stablecoin-driven income streams, targeting the ~$300 billion stablecoin market [4][6] - The company emphasizes conservative risk management with strict custody standards and transparent reporting to safeguard principal while targeting attractive risk-adjusted returns [7]
SharpLink Acquires 1,000,000 Shares of Common Stock in Ongoing Buyback Program
Globenewswire· 2025-09-16 12:00
Core Viewpoint - SharpLink Gaming, Inc. is actively repurchasing its common stock, believing it to be undervalued, while also emphasizing its commitment to Ethereum as a primary treasury reserve asset [3][4][6]. Group 1: Stock Buyback Program - The company has repurchased a total of 1,938,450 shares since initiating its stock buyback program in early September 2025, including 1,000,000 shares bought on September 15, 2025 [2]. - The average purchase price for the recent buyback was $16.67 per share [1]. Group 2: Financial Position - As of September 14, 2025, SharpLink reported a net asset value (NAV) of $3.86 billion, translating to approximately $18.55 per fully diluted share, with no outstanding debt [3]. - The company's total ETH holdings increased to 838,152, valued at $3.86 billion, and total staking rewards rose to 3,240 ETH since launching its treasury strategy on June 2, 2025 [9]. Group 3: Ethereum Strategy - SharpLink is positioning itself as a significant player in the digital asset economy, focusing on Ethereum's potential as a cornerstone for tokenization and digital assets [4]. - The company has nearly 100% of its ETH staked, generating substantial revenue, and plans to continue repurchasing shares based on market conditions [3][9]. Group 4: Transparency and Engagement - To enhance transparency, SharpLink launched a dynamic ETH dashboard that provides market data and relevant metrics related to its ETH treasury [7].
CoinShares Targets U.S. Scale via $1.2B SPAC – Nasdaq Debut in Sight
Yahoo Finance· 2025-09-08 19:53
Europe’s largest digital asset investment firm, CoinShares International Limited, announced a landmark move to list on the Nasdaq Stock Market in the United States through a $1.2 billion merger with Vine Hill Capital Investment Corp. The firm explained that the deal, structured as a special purpose acquisition company (SPAC) business combination, positions CoinShares as one of the world’s largest publicly traded pure-play digital asset managers with approximately $10 billion in assets under management. T ...
X @Bybit
Bybit· 2025-09-05 17:40
Bybit Kazakhstan and AFSA Pioneer Stablecoin Payments for AIFC Regulatory FeesMazurka Zeng, Chief Operating Officer at Bybit said, “Bybit Kazakhstan is honored to stand alongside AFSA in shaping a regulatory-first model for stablecoin adoption for AIFC Regulatory Fees”This partnership reinforces Kazakhstan’s role as a frontrunner in regulated digital finance and showcases Bybit’s commitment to supporting compliant innovation that bridges traditional finance and the digital asset economy. ...
X @CoinDesk
CoinDesk· 2025-08-26 20:30
🌉 Stablecoins have become the "bridge between TradFi and the Digital Asset Economy." With a market cap over $289B and powering two-thirds of all crypto trading volume, they've evolved from a niche experiment to core infrastructure.Read more about how RLUSD is purpose-built. 🔗👇[Sponsored by @Ripple] ...