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Bonk Inc: Solana Meme Coin Goes Corporate as Treasury Firm Rebrands
Yahoo Finance· 2025-10-09 16:59
Company Overview - A beverages company is rebranding from Safety Shot, Inc. to Bonk, Inc. and will trade under the ticker BNKK, aiming to provide clarity about its brand and evolve its plans [1] - The company has increased its Bonk (BONK) holdings to 2.7% of the circulating supply, valued at approximately $43 million, with a goal to reach 5% by year-end [1] Strategic Focus - Bonk, Inc. is shifting its focus to the digital asset space, consolidating various Bonk projects and revenue streams into a single publicly investable entity [2] - The firm is exploring alternative methods to produce yield on its holdings, as it does not have a native staking feature [4] Market Performance - The company's stock, still trading under the SHOT ticker, has seen a nearly 38% increase over the past five days but is down more than 3% over the past month [3] - Bonk, Inc. is part of a broader trend of digital asset treasury companies, with notable competitors like Michael Saylor's Strategy, which holds over $77 billion in Bitcoin [3] Product Development - Bonk, Inc. is looking to invest in products that enhance the Solana ecosystem, having already acquired a 10% revenue share in the meme coin launchpad LetsBonk [5] - The Bonk token has evolved from a meme coin to a project that creates important tools for the Solana network, including a trading bot and an automatic market maker [4]
X @Cointelegraph
Cointelegraph· 2025-10-09 16:01
📈Alpha alert! Ok, we all know that listings can boost digital asset prices...But do you know how to spot a potential listing before it happens?Here's a guide to a few key signals.https://t.co/bVkxVjBP0Z ...
Wall Street Bank Citi Flags OSL as Top Bet in Hong Kong’s Crypto Sector
Yahoo Finance· 2025-10-09 15:34
Core Viewpoint - Citi initiated coverage of crypto exchange OSL with a buy/high risk rating and a target price of 21.80 Hong Kong Dollars ($2.80), representing 22 times projected 2025 price-to-sales [1] Group 1: Revenue Growth Projections - Citi projects revenue growth of 80%, 60%, and 36% for OSL in 2025, 2026, and 2027, respectively, driven by payment finance (PayFi) expansion and a broader regulated market footprint [2] Group 2: Regulatory Strategy and Market Position - OSL has a regulatory-first strategy with over 50 licenses across 10 jurisdictions and plans for further expansion in Europe, the Middle East, and emerging markets [2] - OSL holds a dominant position in Hong Kong's OTC crypto market, controlling over 60% market share, with strengths in liquidity, pricing, and client retention [3] Group 3: Product Development and Innovations - OSL is advancing into stablecoin infrastructure with upcoming launches such as OSL BizPay for lower-cost cross-border payments, StableX for stablecoin issuance, and Tokenworks for tokenization [3] Group 4: Market Risks and Compliance - While Citi noted risks from volatility, regulation, and competition, it emphasized OSL's compliance-first approach and early lead as distinguishing factors in Hong Kong's growing digital-asset sector [4]
X @The Block
The Block· 2025-10-09 13:15
State Street finds institutional investors eye doubling their digital asset exposure within three years https://t.co/7k607QECaF ...
Bullish Partners with Deutsche Bank for Fiat Services in Hong Kong and Germany
FinanceFeeds· 2025-10-08 19:57
Crypto exchange Bullish has enlisted Deutsche Bank to handle fiat deposits and withdrawals for its operations regulated by Hong Kong’s Securities and Futures Commission and Germany’s BaFin, marking another step in the deepening crossover between traditional finance and digital assets.The U.S.-based firm, which listed on the New York Stock Exchange earlier this year under the ticker BLSH, said it plans to extend its partnership with Deutsche to additional markets, including the U.S., as it broadens its globa ...
X @CoinDesk
CoinDesk· 2025-10-08 18:19
🗞️ Gold hit a record ATH, crossing the $4,000 per ounce mark for the first time.🗞️ The SEC is prioritizing an "innovation exemption" for digital asset companies by year-end or early 2026.🗞️ Crypto investors are a growing voting bloc, with 64% saying a political candidate's crypto stance is important.@JennSanasie hosts "CoinDesk Daily."Thank you to @MidnightNtwrk and @Stablecoin 👋 for being a sponsor of the CoinDesk media network. ...
X @The Block
The Block· 2025-10-08 14:17
UK digital asset market poised for 20% growth as FCA lifts four-year retail ban on crypto ETNs, IG says https://t.co/dhcIshLllm ...
Bank of England Softens Stablecoin Cap Plan After Pushback
Yahoo Finance· 2025-10-08 12:12
Core Viewpoint - The Bank of England is advancing plans to limit stablecoin holdings while allowing exemptions for certain crypto firms in response to industry feedback [2][3][5] Group 1: Regulatory Framework - The Bank of England aims to strengthen oversight of digital money and maintain financial stability by introducing limits on stablecoin holdings [2][3] - Individuals may hold stablecoins valued between $13,400 and $26,800 (£10,000–£20,000), while businesses could hold up to $13.5 million (£10 million) [2] - The revised framework will differentiate between stablecoins used for consumer payments and those used by institutions for settlement or liquidity management [4] Group 2: Exemptions and Industry Impact - Following industry objections, the BoE plans to include exemptions for crypto exchanges, custodians, and fintech firms that require larger stablecoin reserves for operational liquidity [3][5] - The exemptions aim to support market makers, exchanges, and blockchain projects within the UK's Digital Securities Sandbox, which serves as a regulatory testbed [5][6] - The sandbox is overseen by both the BoE and the Financial Conduct Authority (FCA) and is part of the UK's initiative to modernize capital markets using distributed ledger technology [6] Group 3: Future Implementation - The final proposal from the BoE will be subject to public consultation later this year, with phased implementation expected in 2026 [4] - The approach acknowledges the essential role of stablecoins in the tokenization of real-world assets, balancing risk control with innovation [6][7]
Classover to Add Worldcoin Token (WLD) to Its Treasury Reserve, Strengthening Commitment to Global Inclusion
Accessnewswire· 2025-10-08 12:00
Core Viewpoint - Classover Holdings Inc. is expanding its digital asset treasury reserve strategy by adding Worldcoin (WLD) tokens to its portfolio, alongside its ongoing acquisition of Solana (SOL) [1] Group 1: Company Strategy - Classover is a pioneer in AI-powered K-12 learning, indicating its focus on integrating advanced technology into education [1] - The company plans to acquire WLD tokens as part of its digital asset strategy, showcasing its commitment to diversifying its asset holdings [1] Group 2: Industry Context - Worldcoin (WLD) is the native token of the World Network, a project co-founded by notable figures including Sam Altman, which highlights the involvement of influential leaders in the cryptocurrency space [1] - The addition of WLD to Classover's treasury reflects a growing trend among companies in the education sector to explore digital assets and blockchain technology [1]
Bullish and Deutsche Bank partner to deliver seamless fiat integration for institutional crypto trading
Prnewswire· 2025-10-08 08:00
HONG KONG and FRANKFURT, Germany , Oct. 8, 2025 /PRNewswire/ -- Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced a corporate banking partnership with Deutsche Bank . This collaboration is a step towards deeper integration of traditional financial services within the digital asset industry. ...