Decentralized Finance (DeFi)

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21Shares Launches Cronos ETP to Expand Access to Emerging Web3 Infrastructure
Globenewswire· 2025-05-06 10:01
Core Viewpoint - 21Shares AG has launched the 21Shares Cronos ETP, providing regulated exposure to the Cronos blockchain and its native token CRO, aimed at facilitating investment in the rapidly growing blockchain ecosystem [1][3]. Company Overview - 21Shares is one of the largest issuers of crypto exchange-traded products (ETPs) globally, with a mission to make cryptocurrency more accessible to investors and bridge traditional finance with decentralized finance [4]. - The company has a seven-year track record of creating crypto ETPs and is backed by a specialized research team and deep capital markets expertise [4]. Product Details - The 21Shares Cronos ETP is listed on Euronext Paris and Euronext Amsterdam under the ticker CRON, with a management fee of 2.50% [2]. - The Cronos blockchain is designed for scalability, low costs, and interoperability, supporting decentralized finance (DeFi), NFTs, and Web3 applications [2][3]. Industry Context - Cronos is positioned at the intersection of centralized access and decentralized innovation, aiming to drive real-world adoption and the future of Web3 [3]. - The Cronos ecosystem includes three chains: Cronos (EVM), Cronos POS, and Cronos zkEVM, safeguarding over $6 billion in user assets and having settled more than 100 million transactions since its launch in 2021 [6][7]. Strategic Partnerships - Crypto.com, a major player in the cryptocurrency industry, supports the Cronos ecosystem and partners with 21Shares to enhance exposure to Cronos and Web3 infrastructure [3][8]. - The Cronos Labs initiative, with a $100 million startup accelerator, focuses on fostering innovation within the Cronos ecosystem [7].
Here's How the Coinbase-PayPal Stablecoin Deal Could Rock Crypto
The Motley Fool· 2025-05-04 10:00
Core Insights - The partnership between Coinbase and PayPal aims to enhance the adoption of PayPal's stablecoin, PYUSD, making it easier for users to buy and utilize [1][3] - Stablecoins, like PYUSD, are pegged to real-world assets, providing a less volatile payment method compared to traditional cryptocurrencies [2][5] - The collaboration is expected to facilitate the use of PYUSD in decentralized finance (DeFi), allowing users to manage funds without intermediaries [3][4] Company Developments - PayPal's PYUSD was introduced in 2023 but has not yet captured significant market share from established competitors like USDC and Tether [5] - The deal with Coinbase is seen as a strategic move to disrupt the current stablecoin market and position PayPal as a key player [5][12] - PayPal has over 425 million user and merchant accounts and processed nearly $1.7 trillion in payments in 2024, indicating its substantial market presence [12] Industry Trends - The stablecoin transfer volume reached $27.6 trillion in 2024, surpassing the combined volume of Visa and Mastercard, highlighting the growing importance of stablecoins in the crypto ecosystem [6] - Increased adoption of DeFi is still developing, facing challenges such as limited utility and regulatory concerns, but it represents a potential use case for cryptocurrencies [4][14] - The Coinbase-PayPal partnership is viewed as a significant step towards mainstream crypto adoption, which is essential for the long-term success of the cryptocurrency market [12][14]
DeFi Development Corp. Announces Ticker Symbol Change to “DFDV”
Globenewswire· 2025-05-02 15:45
BOCA RATON, FL, May 02, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: JNVR) (“DeFi Dev Corp” or the “Company”) announced today that it will begin trading under its new ticker symbol “DFDV” on the Nasdaq Capital Market, effective at market open on May 5, 2025. The change reflects the Company’s previously announced corporate name change, deemed market effective by Nasdaq from May 5, 2025, and declared effective as of April 17, 2025 (as previously disclosed), and its strategic shift toward a crypto- ...
DeFi Development Corp. Announces $24 Million Private Placement to Accelerate Solana Accumulation Strategy
Globenewswire· 2025-05-01 12:00
BOCA RATON, May 01, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: JNVR) (“DeFi Dev Corp” or the “Company”) today announces that it has entered into a securities purchase agreement for a private investment in public equity (“PIPE”) financing that is expected to result in gross proceeds of approximately $24 million to the Company, before placement agent fees and offering expenses. Investors include Galaxy Digital, Amber International Holding Limited (Nasdaq: AMBR), Arrington Capital, Republic Digit ...
Dogecoin Cash, Inc. Name Change Finalized and Reflected on U.S. Markets Following FINRA Notification
Globenewswire· 2025-04-29 10:00
Company Overview - Dogecoin Cash, Inc. has finalized its corporate name change, which is now reflected across U.S. stock market systems following notification from FINRA [1] - The name change was authorized through a Certificate of Amendment filed with the Nevada Secretary of State on November 13, 2024, and became market effective on April 25, 2025 [2] - The trading symbol (CBDS) remains unchanged at this time [3] Business Operations - Dogecoin Cash, Inc. operates PrestoDoctor, a leader in medical cannabis telemedicine [4] - The company holds the first patented cannabis strain, Ecuadorian Sativa aka "CTA", and a patented cannabis lozenge for hypertension treatment [4] - Dogecoin Cash, Inc. is engaged in cannabis product development, licensing, and blockchain innovation, leveraging emerging digital assets and decentralized finance (DeFi) solutions [4]
BTCS Inc. Capitalizes on Market Dislocations to Expand Ethereum Holdings and Staking Operations
Newsfile· 2025-04-28 12:30
Core Viewpoint - BTCS Inc. is strategically expanding its Ethereum holdings and staking operations by leveraging decentralized finance (DeFi) through borrowing on AAVE, aiming to capitalize on current market conditions [2][3][4]. Group 1: Strategic Initiatives - The company is borrowing USDT via AAVE, using ETH as collateral, to acquire additional ETH and enhance its staking operations [3][4]. - BTCS believes that Ethereum is at or near a cyclical bottom, presenting a compelling opportunity for investment [3][4]. Group 2: Financial Strategy - By utilizing AAVE for borrowing, BTCS can access capital at attractive rates, historically below 5%, without diluting equity, thus preserving shareholder value [4]. - The initiative is part of a broader strategy to grow revenue and improve margins through increased participation in Ethereum's consensus mechanism [5]. Group 3: Company Overview - BTCS Inc. focuses on blockchain infrastructure technology, particularly in block building and validator node management, and operates a branded block-building operation called Builder+ [6]. - The company also supports other blockchain networks by operating validator nodes and staking crypto assets across multiple proof-of-stake networks [6].
DeFi Development Corporation Adds $9.9M in Solana to Treasury
Newsfilter· 2025-04-23 18:00
Core Viewpoint - DeFi Development Corporation has strategically acquired approximately 65,305 Solana (SOL) tokens, increasing its total holdings to about 317,273 SOL, valued at $48.2 million, which includes staking rewards [1][8]. Group 1: Acquisition Details - The recent purchase includes locked SOL sourced via BitGo's OTC desk, allowing the company to acquire tokens below market prices while aligning with the Solana ecosystem [1][3]. - Locked SOL refers to tokens under contractual restrictions that cannot be transferred on-chain until their unlock period expires, but can be traded over-the-counter [2]. Group 2: Treasury Policy - The company has adopted a treasury policy that allocates its principal holding in treasury reserves to Solana (SOL), providing investors access to the Solana ecosystem [4]. - The treasury policy aims to offer economic exposure to SOL investment for investors [4]. Group 3: Financial Metrics - Total SOL held by the company is 317,273, valued at approximately $48.2 million [8]. - The total shares outstanding are approximately 1.5 million, resulting in a SOL per share (SPS) of 0.22, valued at $32.88 per share, with a 40% growth in SPS compared to the last purchase [8].
DeFi Development Corporation to Host X Spaces Event with Industry Leaders: "Scaling Solana: Builders, Backers, & Believers"
Newsfilter· 2025-04-22 20:00
BOCA RATON, FL, April 22, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corporation (NASDAQ:JNVR) (the "Company") today announced that it will host a live Twitter Spaces conversation on Thursday, April 24, 2025, at 11:30 a.m. Eastern Time, titled "Scaling Solana: Builders, Backers, & Believers." The conversation will bring together leading voices in the Solana ecosystem for a candid and in-depth discussion of Solana's growth, infrastructure, and capital markets trajectory. What Listeners Can Expect: A behind-th ...
DeFi Development Corporation Purchases Approximately $11.5 Million of Solana (SOL) as Part of New Treasury Strategy
Newsfilter· 2025-04-22 14:00
Core Viewpoint - DeFi Development Corporation has strategically increased its investment in Solana (SOL) by purchasing 88,164 SOL for approximately $11.5 million, bringing its total holdings to 251,842 SOL valued at around $34.4 million, which includes staking rewards [1][3]. Group 1: Investment Strategy - The newly acquired SOL will be staked immediately to generate yield and enhance the security of the Solana network [1]. - This purchase is part of the company's recent $42 million financing round, indicating a proactive approach to capital deployment under favorable market conditions [1][2]. - The Board of Directors approved a treasury policy on April 4, 2025, focusing on the long-term accumulation of cryptoassets, starting with Solana [2]. Group 2: Financial Metrics - As of April 22, 2025, DeFi Development Corporation holds a total of 251,842 SOL valued at approximately $34.4 million [1][7]. - The total shares outstanding are 1,466,549, resulting in a SOL per share (SPS) of 0.17, valued at $23.47 per share, reflecting a 62% growth in SPS compared to the last purchase [7]. Group 3: Company Overview - DeFi Development Corporation aims to provide investors with access to the Solana ecosystem through its treasury policy, which allocates principal holdings to SOL [3]. - The company plans to operate one or more Solana validators to stake treasury assets, contributing to network security and reinvesting staking rewards [2].
Crypto Industry Leaders Acquire Majority Ownership of Janover Inc.
Newsfilter· 2025-04-07 12:00
Core Viewpoint - An all-former-Kraken team has acquired majority ownership in Janover Inc., aiming to bridge the liquidity gap between Traditional Finance and Decentralized Finance, with a focus on implementing a digital asset treasury strategy centered on Solana [1][6]. Company Overview - Janover Inc. (NASDAQ:JNVR) is an AI-powered online platform that connects the commercial real estate industry, providing data and software subscriptions as well as value-add services to property professionals [9]. - The company serves over one million web users annually, including property owners, developers, and various lenders, facilitating billions of dollars in debt financing each year [10][11]. Leadership Changes - Joseph Onorati has been appointed as Chairman and CEO, while Parker White takes on the roles of Chief Investment Officer and Chief Operating Officer. Blake Janover and William Caragol will remain on the board, with Marco Santori joining as a new board member [2]. Treasury Policy and Digital Assets - The Board has adopted a treasury policy allocating its principal holding to digital assets, starting with Solana (SOL). The company plans to acquire Solana validators and stake SOL to generate revenue for further acquisitions [3][12]. - Staking on Solana is identified as a multi-billion dollar business, with validators playing a crucial role in transaction validation and network consensus [4]. Business Model Transition - Janover will continue its transition to a Software as a Service (SaaS) business model, with key personnel remaining involved in daily operations to maintain service quality [5]. Future Growth and Strategy - The company aims to provide investors with economic exposure to the Solana ecosystem through its new treasury policy, marking a significant step in mass DeFi adoption [6][12]. - The leadership team brings extensive experience in digital assets, trading, and operations, positioning the company for future growth [7]. Name and Ticker Change - As part of the acquisition, Janover will undergo a name and ticker symbol change, transitioning to DeFi Development Corporation at a future date [8].