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SOL Global Announces Change of Auditor
Newsfile· 2025-10-15 20:30
Core Points - SOL Global Investments Corp. has changed its auditor from Zeifmans LLP to HDCPA Professional Corporation to align with its strategic focus on blockchain and digital asset investments and to pursue an uplisting to the Nasdaq Stock Market [1][2] - The new auditor, HDCPA, has extensive experience in auditing companies in the digital asset and emerging technology sectors and is registered with the Public Company Accounting Oversight Board (PCAOB), which supports SOL Global's transition to higher reporting standards [2] - There were no reservations in the Former Auditor's reports, and no reportable events occurred during the period Zeifmans LLP served as the auditor [3] Company Overview - SOL Global is one of the first publicly traded companies focused exclusively on digital assets, aiming to provide public exposure to select ecosystems through token acquisitions, staking for yield generation, and investments in early-stage protocols [5]
X @Dash
Dash· 2025-10-15 20:08
RT Web3Daria (@DariaChernozub)Spoke today at @GITEX_GLOBAL x Future Blockchain Summit 🎙️Shared why even a private blockchain needs to stay public — connect, communicate, and share updates with the #Web3 community.Thanks @ZEXPRWIRE and @dxbontheblock for the space, and @Dashpay for the vision 💙#Dash #GITEXGLOBAL2025 $DASH ...
Tom Lee: Why JP Morgan & Other Banks are Going Onchain
Bankless· 2025-10-15 19:01
If I took JP Morgan for instance, they are operating supported by 313,000 employees, but a JP Morgan built on the blockchain might need 20,000 employees and operate with far greater clarity and vision and efficiency. So JP Morgan may end up being especially using AI more of a tech company. They're replacing humans with tech spend and using the blockchain for finality and security.and the multiples of banks should change, you know, going from trading at price to tangible book to actually having a PE multiple ...
X @CoinMarketCap
CoinMarketCap· 2025-10-15 18:30
💡 Key Takeaways:🔹 Governments integrating blockchain into core infrastructure (IDs, payments)🔹 Regulatory clarity driving adoption in Asia, Africa, Europe🔹 Enforcement tightening, even cold storage under scrutiny🔹 Retail spending finally emerging alongside investment8/8 ...
X @Nick Szabo
Nick Szabo· 2025-10-15 17:55
RT Nick Szabo (@NickSzabo4)First of all, most if not all of the content already on the chain is either just hashes, which legally are a very different thing, or other kinds of images, which again are legally a very different thing.Second, one image with one associated set of off-chain evidence, relevant to one set of jurisdictions, is very different from another image with different offchain evidence and different set of jurisdictions. Lack of prosecution of one is an extremely poor predictor of whether the ...
Appyea, Inc. (OTCQB: APYP) Unveils Techlott--a Blockchain Engine for End-to-End Transparency in Gaming; Announces Strategic Entry into Prediction Markets and Releases Full September 16, 2025 Conference Transcript
Prnewswire· 2025-10-15 16:55
Core Insights - Appyea, Inc. has introduced Techlott, a blockchain engine aimed at enhancing trust, transparency, and real-time outcome verification in the gaming industry [1][11] - The company is strategically entering the prediction markets segment, focusing on B2G/B2B deployments for governments and regulated operators [1][5] Company Strategy - Appyea's CEO, Yakir Abadi, highlighted the goal for APYP to become the preferred infrastructure layer for gaming, including prediction markets, with outcomes recorded on-chain in real-time [4][11] - The Techlott infrastructure is designed to provide verifiable, audit-ready results essential for regulated prediction venues [5][6] Technology and Compliance - Techlott will record every outcome as a transparent, verifiable, and tamper-resistant on-chain artifact, ensuring compliance with KYC/AML regulations [5][6] - The platform aims to simplify reconciliations and reduce disputes through a complete on-chain audit trail [6] Token and Market Positioning - The company is evaluating the issuance of a dedicated Techlott network token, which may serve various functions within the network [7][8] - Appyea is preparing for a potential ICO, emphasizing regulatory compliance and robust governance [8][10] Future Plans - The company is assessing a pathway for uplisting to Nasdaq, subject to meeting applicable standards and approvals [9][10] - Appyea aims to create a durable economic loop around verification and audit, benefiting the Techlott ecosystem and the broader industry [8]
Sony Wants Its Own Crypto Bank Too
Yahoo Finance· 2025-10-15 16:34
Group 1: Company Developments - Sony's banking division has filed for a national banking charter to allow its subsidiary, Connectia Trust, to engage in specified cryptocurrency activities [1] - Sony Bank intends to issue U.S. dollar-pegged stablecoins, maintain corresponding reserve assets, and provide custody and digital asset management services [1][7] - Sony Group, which owns Sony Bank, also has interests in the gaming industry through Sony Interactive Entertainment, but these businesses operate separately [6] Group 2: Industry Context - There is a growing trend of crypto firms applying for banking charters from the Office of the Comptroller of the Currency, including notable companies like Stripe, Coinbase, Paxos Trust, and Circle [2] - Anchorage Digital Bank is currently the only firm to have acquired a fully approved OCC charter, although it faced regulatory challenges in the past [3] - The passage of the GENIUS Act has established a regulatory framework for stablecoins, prompting increased interest from major players in finance and tech [4] Group 3: Market Insights - The stablecoin market has a total capitalization of $312 billion, with predictions suggesting it could grow to $360 billion by February 2026, indicating a favorable entry point for Sony [5] - Stablecoins serve as digital dollar equivalents, facilitating transactions in markets where access to dollars is limited [4]
Bittensor’s TAO jumps 32% as investors eye institutional adoption and first halving
Yahoo Finance· 2025-10-15 15:49
Core Insights - Bittensor's TAO token has shown resilience, gaining 32% over the past week despite a significant downturn in the broader crypto market, where Bitcoin fell by 12% [1] - Institutional interest in Bittensor is increasing, with notable developments such as Grayscale's filing to launch a Bittensor Trust, allowing investors to gain exposure to TAO without direct ownership [3] - The Bittensor network is designed to provide an alternative to centralized AI systems, enabling users to contribute computing power to AI applications and earn TAO tokens as rewards [4][5] Institutional Momentum - The growing institutional momentum is creating heightened market interest in Bittensor, as indicated by comments from industry experts [2][4] - Barry Silbert's announcement of a new asset management firm focused on AI infrastructure projects on Bittensor further underscores this trend [3] Commercial Traction - There is significant commercial traction within Bittensor's subnets, with several consumer-facing products already operational and the top three subnets generating over $20 million in annual recurring revenue [6] - Specific subnets like Chutes AI and Targon Compute are projected to generate $2.4 million and $10.4 million in annual revenue, respectively, highlighting the financial viability of Bittensor's ecosystem [7]
Coinbase Is Eyeing a Stablecoin Acquisition. Should You Buy COIN Stock Here?
Yahoo Finance· 2025-10-15 15:43
Core Insights - Coinbase's Q2 2025 financial performance showed mixed results, with net operating EPS at $0.12, missing estimates by nearly 90% and down 88.8% YoY due to rising costs [1] - The company is in advanced talks to acquire BVNK, a stablecoin infrastructure firm, for between $1.5 billion and $2.5 billion, which could significantly enhance its position in the stablecoin market [4][7] - Analysts maintain a generally positive outlook on Coinbase, with a consensus "Moderate Buy" rating and an average price target of $383.74, indicating potential upside from current levels [12][13] Financial Performance - In Q2 2025, total trading volume reached $237 million, up 4.9% YoY, while revenue rose 3.2% to $1.5 billion, slightly below expectations [1] - Transaction revenue fell 2.1% to $764.3 million, while subscription and services revenue grew 9.5% to $655.8 million, driven by stronger stablecoin income [1] - Costs increased by 37.5% to $1.5 billion, impacting adjusted EBITDA, which was down 3.2% YoY to $512 million [6] Market Position and Growth Potential - Coinbase's forward P/E ratio of 85.68x is significantly higher than the sector average of 10.85x, indicating market expectations for strong growth [2] - The company has seen a 75.52% increase over the past year, reflecting solid investor confidence linked to strategic initiatives [2] - The potential acquisition of BVNK could redefine Coinbase's growth trajectory and strengthen its competitive position in the fintech space [3][7] Strategic Moves - Coinbase has made several strategic acquisitions, including Deribit, which enhanced its derivatives trading capabilities [8] - The company is also expanding its presence in regulated markets, such as Canada, through investments in local stablecoin issuers [9] - A partnership with PNC Bank integrates Coinbase's services into traditional banking, further bridging the gap between crypto and conventional finance [10] Analyst Expectations - Management anticipates Q3 2025 subscription and services revenue between $665 million and $745 million, supported by higher average crypto prices and stablecoin growth [11] - Analysts express optimism regarding Coinbase's institutional partnerships and stablecoin infrastructure development, particularly if the BVNK deal is finalized [12] - The overall analyst sentiment is positive, with a consensus indicating that Coinbase is well-positioned for future growth, contingent on successful execution of its strategic plans [14]