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Chainlink· 2025-11-14 14:51
Web3 Infrastructure & Partnership - Suku and Chainlink share a common goal of making Web3 usable at scale [1] - Chainlink provides key infrastructure for Suku, including Functions, Automation, and CCIP [3] Suku Ecosystem & Products - Suku's ecosystem aims to bridge digital experiences with blockchain tools [1] - SukuPay modernizes global remittances, powering cross-border payments in Guatemala via Banco Industrial's Zigi app [1] - SukuWallet allows users to log in with their X account, send crypto using handles, manage NFTs, and pay gas fees in SUKU tokens [1] - Ringo introduces on-chain truth to public conversations, allowing users to create and verify social challenges on X, powered by Suku's technology [2] Chainlink's Role - Functions connect Suku's smart contracts to real-world data sources like the GSMA SIM Swap API [3] - Automation enables time-based, trustless payments [3] - CCIP enables secure and scalable cross-chain transfers [3]
CRCL Stock Plunges 16% Post Q3 Results: Is the Dip Worth Buying?
ZACKS· 2025-11-14 13:51
Core Viewpoint - Circle Internet Group's shares have declined by 16.2% following the release of its Q3 2025 results, despite better-than-expected financial performance, primarily due to concerns over rising expenses impacting margins [1][9]. Financial Performance - In Q3 2025, Circle's adjusted operating expenses rose by 35% year over year to $131 million, with full-year 2025 expenses projected between $495 million and $510 million, an increase from previous guidance of $475-$490 million [2]. - Circle reported total revenues of $740 million, a 66% year-over-year increase, surpassing the Zacks Consensus Estimate by 4.4%. Adjusted earnings were 64 cents per share, exceeding the estimate of 20 cents [10]. - Revenues less distribution costs (RLDC) increased by 55% year over year to $292 million, although the RLDC margin contracted by 270 basis points to 39% [10]. Market Position and Comparisons - Since its trading debut on June 5, 2025, Circle's shares have decreased by 1.9%, underperforming the Zacks Financial - Miscellaneous Services industry, which returned 1%. Compared to peers, Circle outperformed PayPal but underperformed Robinhood Markets and Coinbase Global [3]. - Circle's forward 12-month price-to-sales (P/S) ratio is 6.22X, lower than the sector's 8.95X, and also lower than Robinhood Markets and Coinbase Global, but higher than PayPal [16][18]. Stablecoin Growth - The circulation of USDC grew by 108% year over year to $73.7 billion, with on-chain transaction volume increasing 6.8 times to nearly $9.6 trillion, indicating rising adoption [7][9]. - The company minted USDC worth $79.7 billion, up 128% year over year, and redeemed $67.3 billion, a 112% increase [8]. Strategic Developments - Circle is advancing its platform with the Arc Network, which is currently in public testing with over 100 major partners, including AWS and Visa. The network aims to enhance payment efficiency and security [11][12]. - The Payments Network (CPN) is also expanding rapidly, with 29 financial institutions currently using it and over 500 in the onboarding process, showing a 100-fold increase in payment volume within five months [13]. Future Outlook - The regulatory environment is improving, with supportive legislation like the GENIUS Act, which is expected to facilitate enterprise adoption of stablecoins [8]. - Circle's growth trajectory appears positive, driven by increasing stablecoin usage and strategic partnerships, with expectations for the Arc Network to play a significant role in future growth [19][20].
NETCLASS TECHNOLOGY INC Announces Closing of $2.4 Million Private Placement (PIPE) Financing
Globenewswire· 2025-11-14 13:30
Core Insights - NETCLASS Technology INC successfully closed a PIPE financing round, raising approximately $2.4 million led by an institutional investor [1][2] Financing Details - The company sold 1,500,000 Class A ordinary shares at a price of $1.60 per share, exempt from the registration requirements of the Securities Act [2] Strategic Use of Proceeds - The net proceeds from the PIPE financing will be utilized to expand AI application scenarios, advance blockchain technology applications, and strengthen the adoption of the EDC token in Singapore [3] Company Vision and Growth - The successful financing is viewed as a significant milestone for the company, enabling it to accelerate the rollout of its AI-driven education ecosystem and pursue new token-based opportunities [4] - The company aims to leverage Singapore's supportive environment for blockchain and AI innovation to drive sustainable growth [4] Company Overview - NETCLASS Technology INC specializes in B2B smart education IT solutions, offering services such as SaaS subscription services, application software development, and blockchain systems for education [5]
BLAQclouds, INC. Announces Strategic Alignment with Metavesco (MVCO) Following Two-Day Leadership Summit
Prism Media Wire· 2025-11-14 13:00
Core Insights - BLAQclouds, Inc. has announced a strategic alignment with Metavesco, Inc. following a two-day leadership summit focused on Web3 infrastructure and decentralized trading models [4][5][6] Group 1: Strategic Collaboration - The two companies collaborated on key areas including tokenization of public markets and liquidity engineering for OTC markets [5][6] - BLAQclouds acquired a strategic early position in the OTCfi SOL token, indicating confidence in the transformation of public markets through blockchain technology [6][8] Group 2: OTCfi's Mission and Roadmap - OTCfi aims to revolutionize OTC market dynamics using the Solana blockchain, with a roadmap that includes systematic onboarding for microcap issuers and tokenized liquidity pools [6][7] - The leadership team of BLAQclouds described OTCfi's roadmap as a bold vision for enhancing microcap liquidity in the Web3 era [8] Group 3: Community Engagement - A recorded Q&A session with Metavesco CEO Ryan Schadel was held for BLAQclouds' VIP community, focusing on OTCfi's mission and technology [9][10] - Access to the recorded session requires identity verification through BLAQclouds' IncognitoKYC platform [10] Group 4: Future Collaboration Opportunities - Both organizations are exploring further collaborative efforts, which may include joint development of tokenization and compliance tools, as well as pilot programs across their ecosystems [14]
ETHZilla Promotes John T. Saunders to Chief Financial Officer
Prnewswire· 2025-11-14 13:00
Accessibility StatementSkip Navigation PALM BEACH, Fla., Nov. 14, 2025 /PRNewswire/ --Â ETHZilla Corporation (Nasdaq: ETHZ), a leading technology company connecting traditional finance with decentralized finance (DeFi), today announced the promotion of John T. Saunders to senior vice president, chief financial officer (CFO). Saunders will continue to report to McAndrew Rudisill, chairman and CEO, and to the audit committee. In his expanded role, Saunders will oversee financial strategy, reporting and analys ...
Treasure Global's Subsidiary Tadaa Technologies Appointed Exclusive Partner and Treasury Manager for 200 Million UNIRWA Tokens, Projected Value USD 100 Million
Globenewswire· 2025-11-14 12:35
Core Insights - Treasure Global Inc. has appointed Tadaa Technologies as the exclusive partner and treasury manager for 200 million UNIRWA tokens, valued at USD 100 million, aimed at tokenizing real-world assets in real estate and hospitality across Southeast Asia [1][2][4] Company Developments - The UNIRWA token will be integrated into the upcoming OXI Wallet, set to launch in the first half of 2026, which will provide secure access to asset-backed digital tokens [3][11] - Tadaa will offer tokenization solutions, including asset classification, technical flows, and regulatory compliance for the UNIRWA token [4][11] - The partnership marks Treasure Global's first exclusive collaboration in real-world asset tokenization, enhancing its fintech offerings and establishing recurring income streams [11] Revenue Model - Tadaa plans to develop three revenue channels: management returns from token reserve assets, transaction and settlement fees from token activities, and platform utility revenues related to compliance and tokenization solutions [5][9][10] Market Growth and Industry Potential - There is increasing investor demand for asset-backed digital tokens in Southeast Asia, with projections indicating significant growth in the asset tokenization market [6][7] - The global asset tokenization market is expected to reach USD 16.1 trillion by 2030, highlighting the potential for professionally managed tokenized assets [7] - The tokenization of financial and real-world assets could expand private markets to nearly USD 4 trillion by 2030, driving blockchain growth [8]
Figure CEO Michael Tannenbaum on Q3 results, growth outlook and future of stablecoins
CNBC Television· 2025-11-14 12:33
shares of fintech company uh figure higher after reporting stronger than expected revenue. This is the company's first quarterly report since going public in September. Uh so we are thrilled to have him uh on the broadcast figures CEO Michael Tanner.Good morning to you. >> Good morning. Thank you for having me.>> Uh so this is like the first time you've ever done this. >> That's right. >> How you feeling about it.>> Look, I'm feeling excited about the momentum in the stock uh figure. Just as a bit of an ove ...
X @Blockchain.com
Blockchain.com· 2025-11-14 11:39
Community is #1 🚀TON 💎 (@ton_blockchain):Community is #1 💎 ...
X @AscendEX
AscendEX· 2025-11-14 09:00
Partnership Announcement - AscendEX partners with AgentBayAI, a decentralized AI Agent Marketplace [1] - The partnership aims to explore new possibilities and drive innovation at the intersection of AI and blockchain [1] AgentBay Overview - AgentBay positions itself as the OpenSea for intelligent agents [1] - AgentBay is a platform where every AI Agent can be minted, traded, hired, and owned [1]
BitMine Appoints New CEO and Three Independent Board Appointments
Prnewswire· 2025-11-14 05:01
Core Insights - BitMine has appointed Chi Tsang as the new CEO and added three independent directors to its Board, aiming to strengthen its leadership and strategic direction [1][2] - The company is the largest holder of Ethereum, with a goal to acquire 5% of the Ethereum network, currently holding over 2.9% [1][2] - BitMine's strategy positions it as a bridge between traditional capital markets and the Ethereum ecosystem, reflecting a significant opportunity in the blockchain space [2] Leadership Changes - Chi Tsang has been appointed as CEO and a member of the Board of Directors, effective immediately [1] - New independent directors include Robert Sechan, Olivia Howe, and Jason Edgeworth, bringing diverse expertise in technology, DeFi, and financial services [1][2] Company Vision and Strategy - The company aims to leverage its substantial Ethereum holdings to establish itself as a leading financial institution within the Ethereum ecosystem [2] - BitMine's leadership believes that the current transformation in financial markets due to blockchain technology mirrors past technological revolutions, indicating a supercycle opportunity for Ethereum [2] Financial Position - BitMine's total crypto and cash holdings are reported to be $13.2 billion, with Ethereum holdings reaching 3.5 million tokens [6] - The company operates in low-cost energy regions, enhancing its operational efficiency in Bitcoin mining and related services [3]