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Franklin Resources, Inc. (BEN) Announces Strategic Partnership with Binance to Create Digital Asset Projects
Yahoo Finance· 2025-10-01 23:09
Group 1 - Franklin Resources, Inc. (NYSE:BEN) has shown significant revenue and dividend growth, making it one of the 20 Best Stocks to Buy and Hold for a Lifetime [1] - The company announced a strategic partnership with Binance on September 25, 2025, to create digital asset projects, leveraging Binance's trading infrastructure and Franklin Templeton's compliance expertise [2] - This partnership aims to bridge traditional and decentralized finance, enhancing settlement, collateral management, and portfolio construction efficiency [2][3] Group 2 - Franklin Resources, Inc. previously collaborated with Actis, DigitalBridge, and Copenhagen Infrastructure Partners to improve private wealth solutions, particularly in private infrastructure investments [3] - These initiatives are part of Franklin Resources' strategy to increase access to digital assets and alternative investments, positioning the company at the forefront of financial technology integration [3] - The company provides investment services to various clients, including partnerships, pension plans, individuals, and institutions, reinforcing its status as a leading asset management firm [4]
X @Wu Blockchain
Wu Blockchain· 2025-10-01 07:09
Japanese Bitcoin Digital Asset Treasury (DAT) firm Metaplane announced it has acquired an additional 5,268 BTC, bringing its total holdings to 30,823 BTC. https://t.co/VGOs1oUF7B ...
Trump-Linked Firm Boosts Dogecoin Mining as Difficulty Peaks
Yahoo Finance· 2025-10-01 05:03
Dogecoin price, dogecoin mining, dogecoin thumzup. Photo by BeInCrypto Trump family-linked Thumzup Media Corporation, an AdTech and cryptocurrency mining firm, has provided DogeHash Technologies, an industrial-scale Dogecoin (DOGE) mining company, with a $2.5 million boost.  The capital infusion aims to bolster DogeHash's operations amid rising mining difficulty and optimistic price forecasts for Dogecoin (DOGE). Thumzup Injects $2.5 Million Ahead of Dogecoin Mining Firm’s Takeover Thumzup, in which Don ...
X @Decrypt
Decrypt· 2025-10-01 00:35
ETF Product Launch - DefianceInvest launched an exchange-traded fund (ETF) tracking trillion-dollar assets [1] - The ETF provides U S investors exposure to the rapidly expanding digital asset and AI sectors [1] Investment Focus - The ETF includes tech and crypto-related companies and products [1]
'$1 Trillion Club' ETF Gives Investors Exposure to Tech Giants—And Bitcoin
Yahoo Finance· 2025-09-30 22:32
Core Viewpoint - A new exchange-traded fund (ETF) named Defiance Trillion Dollar Club Index ETF (TRIL) has launched, providing U.S. investors with exposure to rapidly growing digital assets and AI sectors [1][2]. Group 1: ETF Overview - TRIL tracks the BITA Trillion Dollar Club Index, which includes major companies like Nvidia, Tesla, Microsoft, Apple, Alphabet, Amazon, and Meta Platforms [2]. - The ETF also includes BlackRock's iShares Bitcoin Trust (IBIT) and Berkshire Hathaway in its portfolio [2]. - On its debut, TRIL traded 5,744 shares at a price of $20 per share, resulting in a total trading volume of $114,800 [5]. Group 2: Market Context - The launch of TRIL follows a significant increase in the prices of Mag 7 stocks and digital assets over the past two years [3]. - BlackRock's iShares Bitcoin Trust (IBIT) has nearly $88 billion in assets under management, making it the most popular Bitcoin fund among institutions [4]. - Bitcoin (BTC), the largest cryptocurrency, has seen a 77% increase in market cap over the past year, currently valued at over $2.2 trillion [4]. Group 3: Industry Impact - The companies represented in TRIL are considered global leaders in AI, cloud computing, semiconductors, digital assets, and next-generation technologies [5]. - Mag 7 stocks constitute about one-third of the S&P 500, contributing significantly to the index's overall market value [4].
Bakkt Share Price Spikes 17% After Analyst Triples Price Target to $40
Yahoo Finance· 2025-09-30 16:28
Core Insights - Bakkt Holdings stock price increased by 17% following Benchmark Company's tripling of its one-year price target to $40, indicating strong market interest and confidence in the company's future [1][2] - The investment bank highlighted growth potential in Bakkt's three main business areas: crypto infrastructure, stablecoin payments, and its Bitcoin treasury, noting a 170% price increase over a two-week period as a validation of CEO Akshay Naheta's strategic moves since August [2][3] - Despite the recent surge, the stock is still considered inexpensive relative to its growth potential and peers in the fintech/digital asset ecosystem, with a current trading price just above $30, down 97% from its all-time high of over $1,060 in 2021 [3][4] Business Developments - The valuation of Bakkt is described as "modest" compared to other publicly traded crypto firms like Coinbase, Circle, and Robinhood, suggesting room for growth [4] - The appointment of Mike Alfred, a veteran in the crypto industry, to Bakkt's board is seen as a positive development, expected to enhance decision-making processes regarding capital allocation and scaling [5] - Bakkt's strategic focus has shifted towards digital asset infrastructure, evidenced by the sale of its loyalty rewards business for $11 million, allowing the company to concentrate on core services such as custody, stablecoin payments, and tokenized assets [6] Financial Performance - In the second quarter, Bakkt's crypto business generated over $568 million in revenue, significantly outpacing the $10 million revenue from its loyalty unit, underscoring the importance of its core operations [6]
X @Cathie Wood
Cathie Wood· 2025-09-30 14:12
It was a pleasure joining @WilfredFrost on The Master Investor Podcast to discuss our continued conviction in Bitcoin and the broader digital asset ecosystem.Important info: https://t.co/ubOnzoCMdVWilfred Frost (@WilfredFrost):BONUS Crypto episode - with @CathieDWood of @ARKInvest - why bitcoin will always be the number one cryptocurrency:YouTube: https://t.co/GecafBVQkQApple: https://t.co/Sqcsyz87yBSpotify: https://t.co/qdIsl1mVGr https://t.co/KXV0TydR35 ...
Reliance Global Group (RELI) Adds XRP to Digital Asset Treasury, Expanding Enterprise-Grade Blockchain Portfolio
Globenewswire· 2025-09-30 13:00
Core Viewpoint - Reliance Global Group has completed the purchase of XRP, enhancing its Digital Asset Treasury initiative and diversifying its portfolio with a top-tier cryptocurrency recognized for its speed and scalability in cross-border payments [1][2][3] Group 1: Digital Asset Strategy - The addition of XRP follows previous purchases of Bitcoin, Ethereum, and Cardano, reflecting a disciplined approach to building a diversified digital asset portfolio [2][3] - The company aims to integrate digital assets into its broader strategy, merging innovative technologies with its established strengths in insurance and financial services [3][10] - Reliance emphasizes the importance of secure custody, transparent oversight, and regulatory compliance in managing its digital assets [3][10] Group 2: XRP Characteristics - XRP is the fourth-largest cryptocurrency by market capitalization and is widely used as a bridge asset for international payments [2] - Key features of XRP include transaction settlement in 3-5 seconds, low transaction fees, partnerships with global banks for liquidity management, scalability of over 1,500 transactions per second, and energy efficiency compared to proof-of-work blockchains [5][6] Group 3: Long-term Vision - The company believes that the disciplined diversification into digital assets will capture the transformative potential of blockchain technology and drive long-term shareholder value [3][6] - Reliance's strategy includes balancing innovation with prudent governance and compliance, aiming to enhance resilience, efficiency, and growth through blockchain participation [3][6]
X @Chainlink
Chainlink· 2025-09-30 12:08
RT Chainlink Everything (@SmartContract)MAJOR NEWS:Chainlink announced today a landmark technical solution enabling financial institutions worldwide to manage digital asset workflows directly from their existing systems using Swift messaging and CRE, in collaboration with UBS ↓ ...
Dogecoin Cash Inc. (OTCQB:DOGP) Announces Special Distribution of DogeCoin Cash (MEMECOIN:DOG) to Shareholders
Globenewswire· 2025-09-30 08:20
Company Overview - Dogecoin Cash Inc. (OTCQB:DOGP) has announced a special distribution of DogeCoin Cash (MEMECOIN:DOG) to shareholders of record as of December 15, 2025, with payment scheduled for December 22, 2025 [1][2] - Each shareholder will receive one DogeCoin Cash for every share of Dogecoin Cash Inc. common stock held, totaling approximately 150 million DogeCoin Cash to be distributed [2] Distribution Details - The distribution will be executed through certificates with assigned CUSIPs or equivalent book-entry positions, which shareholders can redeem through the company's subsidiary, DogeSPAC LLC [3] - Shareholders will receive further instructions on how to redeem their certificates prior to the payment date, and no immediate action is required from them [4] Industry Insights - The meme coin market has evolved significantly, with its total market capitalization recently surpassing approximately USD 77 billion, indicating its growing importance in the digital asset market [5] - Projections suggest that the meme coin market could grow from about USD 68.5 billion in 2024 to as much as USD 925.2 billion by 2035, reflecting a compounded annual growth rate (CAGR) of roughly 26.7% [6] - The global meme-coin development market is also expected to expand from about USD 40 million in 2024 to nearly USD 296 million by 2031, with a CAGR of approximately 27.8% [6] Company Activities - Dogecoin Cash Inc. operates PrestoDoctor, a leader in medical cannabis telemedicine, and focuses on blockchain innovation and digital asset initiatives [8] - The company’s subsidiary, MEME Coins Inc., holds DOG tokens as its sole digital asset and is focused on meme-based cryptocurrency innovation and social crypto applications [8]