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THE GROWHUB LIMITED Announces Closing of $15 Million Initial Public Offering
Prnewswire· 2025-08-29 15:00
Company Overview - The GrowHub Limited is a Singapore-based company that specializes in enhancing product traceability and authenticity within supply chains through its proprietary blockchain technology platform [5] - The company offers solutions such as blockchain traceability, anti-counterfeit measures, and carbon management to promote transparency and sustainability [5] - GrowHub's business comprises three main divisions: the GrowHub Platform, product trading facilitation, and IT professional services [5] Initial Public Offering (IPO) Details - GrowHub announced the closing of its initial public offering of 3,750,000 Class A Ordinary Shares at a price of $4.00 per share, resulting in total gross proceeds of $15 million before deductions [1] - The shares began trading on the NASDAQ Stock Market under the ticker symbol "TGHL" on August 28, 2025 [1] - The offering was conducted pursuant to the company's registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 25, 2025 [3] Underwriting and Legal Counsel - Alexander Capital acted as the lead book-running manager for the offering, with Network 1 Financial Securities serving as a co-underwriter [2] - Loeb & Loeb LLP is the U.S. legal counsel for the company, while Akerman LLP is the U.S. legal counsel for Alexander Capital [2]
Bit Origin Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswire· 2025-08-29 13:00
Core Viewpoint - Bit Origin Ltd has been granted an additional 180-calendar-day compliance period by Nasdaq to regain compliance with the minimum bid price requirement, extending the deadline to February 16, 2026 [1][4]. Compliance Status - On February 21, 2025, Nasdaq notified Bit Origin that it did not meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days [2]. - The initial compliance period of 180 days ended on August 20, 2025 [2]. Conditions for Compliance - To regain compliance, Bit Origin's ordinary shares must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days during the new compliance period [4]. - If compliance is not achieved by February 16, 2026, Nasdaq will notify the company of potential delisting, although the company has the right to appeal this decision [4]. Current Trading Status - The notification from Nasdaq does not affect the current listing or trading of Bit Origin's ordinary shares, which will continue to trade under the symbol "BTOG" [5]. Company Overview - Bit Origin Ltd is an emerging growth company focused on deploying blockchain technologies and pursuing diversified expansion strategies [5].
Sen. Lummis expects CLARITY Act to be ultimate foundation for crypto market structure bill
CNBC Television· 2025-08-22 23:02
Senator Cynthia Lumis of Wyoming. Thank you very much for sitting down with us here at the Wyoming Blockchain Symposium. It's great to be with you, Talia.And I understand you have some Wyoming in your past. Absolutely. I lived here for a couple of years as I started my TV career.It was my first on air job and I'm so thrilled to be back and to be interviewing you, the senator of Wyoming here in person. And I want to talk to you about Wyoming because it's no surprise you wanted to participate in the Wyoming b ...
Kartoon Studios Launches “Bitcoin Brigade: Adventures in Satoshi City” – a New Animated Children’s Series and Multi-Platform Ecosystem Built Around Bitcoin And DEFI
Globenewswire· 2025-08-20 13:15
Core Viewpoint - Kartoon Studios is launching "Bitcoin Brigade: Adventures in Satoshi City," an innovative animated series that integrates blockchain technology and Bitcoin education into children's entertainment, set to debut in fall 2026 on Kartoon Channel [1][10]. Group 1: Series Overview - "Bitcoin Brigade" invites children into Satoshi City, a digital realm where kids discover a portal connecting their world to a decentralized metropolis, blending action with educational themes [2]. - The series will feature dynamic anime-style visuals and original K-Pop music, aiming to create an immersive experience [2]. - The narrative includes young heroes representing Bitcoin and blockchain concepts, who defend their city from villains threatening the system [6]. Group 2: Business Model and Partnerships - Kartoon Studios is developing a comprehensive Bitcoin-native business platform, including The Satoshi Sparks Rewards System, allowing kids to earn digital currency by engaging with the series [8]. - The company is partnering with Bitkern, a leading Bitcoin mining company, to guide the series and its global launch strategy [2][4]. - A global licensing program will feature toys and apparel embedded with NFC chips to educate children about Bitcoin and blockchain technology [9]. Group 3: Educational Focus - The series aims to teach children about finance, ownership, and innovation through engaging storytelling and interactive challenges [3][8]. - An interactive mobile app will provide secure, kid-friendly Lightning wallets for earning and spending Sparks, with parental controls to promote responsible Bitcoin custodianship [9]. Group 4: Market Positioning - Kartoon Studios positions itself at the forefront of kids' entertainment and blockchain innovation, aiming for a revolutionary impact on entertainment, education, and gaming [1][11]. - The series will be accessible on multiple platforms, including Kartoon Channel and YouTube Kids, ensuring broad engagement [10].
DMG Blockchain Solutions Inc. Announces Third Quarter 2025 Earnings Release Date and Conference Call Details
GlobeNewswire News Room· 2025-08-19 18:22
Core Viewpoint - DMG Blockchain Solutions Inc. is set to release its financial results for the third quarter of 2025 on August 25, 2025, before the market opens, indicating a focus on transparency and communication with investors [1]. Financial Results Announcement - The financial results for the third quarter ending June 30, 2025, will be disclosed on August 25, 2025, prior to market opening [1]. - A conference call to discuss the results and provide a corporate update will take place on the same day at 4:30 PM ET [2]. Conference Call Details - The conference call will include a live Q&A session via chat, and management will address pre-submitted questions [3]. - Participants can submit questions via email until 2:00 PM ET on August 25, 2025 [3]. Company Overview - DMG Blockchain Solutions Inc. is a publicly traded, vertically integrated blockchain and data center technology company [4]. - The company focuses on managing, operating, and developing digital solutions to monetize digital assets and artificial intelligence compute ecosystems [4]. - Systemic Trust Company, a wholly owned subsidiary, plays a key role in DMG's carbon-neutral Bitcoin ecosystem, facilitating sustainable and regulatory-compliant Bitcoin transactions for financial institutions [4].
Figure's IPO filing marks Mike Cagney's return to public markets
TechCrunch· 2025-08-19 11:23
Company Overview - Figure Technology, a blockchain-based lending company founded in 2018, has filed for an IPO on Nasdaq with Goldman Sachs, Jefferies, and BofA Securities as lead bookrunners [1] - The company claims to be the largest non-bank provider of home equity lines of credit and has established over 160 partnerships for its loan origination system and capital marketplace [4] Financial Performance - For the six months ending June 30, Figure reported a revenue increase of 22.4% to $191 million and a profit of $29 million, compared to a loss of $13 million in the same period the previous year [2] Leadership and Organizational Changes - In April 2024, Figure appointed Michael Tannenbaum, former COO of Brex, as CEO, who previously worked with co-founder Mike Cagney at SoFi [8] - The company underwent a significant organizational change when Cagney spun off Figure Markets in early 2024, only to merge the entities back together a year later [9] Market Position and Strategy - Figure is expanding into cryptocurrency lending, having signed a financing agreement with Victory Park Capital for a securitized pool of crypto-backed loans, allowing asset owners to borrow against Bitcoin and Ethereum holdings with loan-to-value ratios up to 75% [5] - The company aims to capture opportunities in real-world asset tokenization, converting traditional assets into digital tokens for blockchain trading [10] Previous IPO Attempts and Industry Context - This is not Figure's first attempt at going public; the company previously planned a SPAC merger that was scrapped due to rising interest rates and regulatory challenges [10][11] - The IPO filing aligns with a trend of crypto-related companies seeking public listings, following the successful debut of Circle Internet Group and other crypto exchanges [12][13]
Wellfield Technologies Inc. Provides Management Cease Trade Order Update
Newsfile· 2025-08-15 00:51
Core Viewpoint - Wellfield Technologies Inc. is currently under a management cease trade order (MCTO) issued by the British Columbia Securities Commission, and is working to file its audited financial statements for the fiscal year ended March 31, 2025, by the end of September 2025 [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO was previously announced on July 17, 2025, and further details were provided on July 31, 2025 [1]. - The company is committed to providing bi-weekly updates regarding its status until it resolves the default related to the Annual Filings [3]. Group 2: Financial Filings - Wellfield Technologies is actively working with its auditors to complete the Annual Filings, which include audited financial statements and management's discussion and analysis (MD&A) [2]. - The expected completion date for these filings is August 29, 2025, with a final deadline of September 29, 2025 [2]. Group 3: Company Status - As of the latest update, there have been no material changes to the information disclosed in the previous announcements regarding the MCTO [4]. - The company has not failed to meet its intentions regarding the alternative information guidelines set out in NP 12-203 [4]. Group 4: Company Overview - Wellfield Technologies, Inc. is a fintech company that specializes in blockchain technology solutions, with its platform Coinmama serving over 3.5 million registered users across 180 countries [5]. - The company also operates Tradewind Markets, which focuses on digitizing and trading real-world assets, including VaultChain™ Gold and VaultChain™ Silver products [5].
Bitcoin & Ethereum Hodlers - CRYPTO CRASH IS A TRAP!
Altcoin Daily· 2025-08-14 22:36
Market Trends & Dynamics - The stock market's upward trend is expected to be mirrored, or even exceeded, by Bitcoin's performance, although Bitcoin's increasing maturity is leading to declining volatility [1] - The cryptocurrency market experienced a significant dip following Bitcoin's new all-time high of $124,000 [2] - Google's policy change, potentially banning unlicensed Bitcoin wallets in the US and EU starting December 2025, could impact millions of users and restrict the buying of crypto [3] - The US Treasury Secretary indicates a strategic Bitcoin reserve exists, valued between $15 billion and $20 billion, accumulated through confiscated assets, with no plans to sell [11][12] - The US government is committed to exploring budget-neutral ways to acquire more Bitcoin to expand the strategic reserve [14] Investment & Strategic Moves - Google acquired an 8% stake in Bitcoin miner Terowolf as part of a $37 billion deal, indicating a strategic investment in the infrastructure [7] - Tech giants are investing in mining to secure a strategic foothold in the future of energy and finance [8] - Chainlink is actively accumulating LINK tokens for its strategic Chainlink Reserve, with over 44,000 LINK accumulated [20] - Franklin Templeton, with $17 trillion in assets under management, has become a client of Vechain, signaling traditional finance's acceptance of Vechain [23] Regulatory Landscape & Self-Custody - The SEC chair has stated that self-custody of crypto assets will be protected as a foundational American value [5] - Google's policy change regarding crypto wallets is perceived by some as an attempt to cause fear and manipulate the market [4] Altcoins & Ethereum - Bitmine and Sharplink are competing to accumulate Ethereum, which is expected to push up Ethereum's price [15] - Sharplink claims to have an advantage due to its connection with the Ethereum company [16] Speculative Frenzy & Market Sentiment - The current market is in a speculative frenzy, highly related to the stock market, reminiscent of the internet stock boom of 1999 [8][9] - A cryptocurrency exchange, Signal Bullish, went public with its stock ending the first day at $70, a 90% gain, giving the exchange a market cap above $10 billion, indicating Wall Street's appetite for crypto [26]
Fiserv Stock Plummets 42% in 6 Months: Should You Play or Let It Go?
ZACKS· 2025-08-14 16:15
Core Viewpoint - Fiserv, Inc. has experienced a significant stock decline of 41.8% over the past six months, contrasting with a 6.4% decline in the industry and a 5.4% rise in the Zacks S&P 500 Composite [1] Company Performance - Fiserv shares have dropped 18.3% in the past month, while its peers Sezzle and Mastercard have seen declines of 30.9% and an increase of 5%, respectively [4] - The company has a strong liquidity position, with a current ratio of 1.09 in Q2 2025, slightly above the previous year's 1.06 and close to the industry average of 1.15 [10] Growth Opportunities - Fiserv is launching the FIUSD stablecoin in partnership with PayPal, aiming to capitalize on the rapidly growing stablecoin market, which is expected to reach a daily transaction volume of at least $250 billion in the next three years [5][6] - The company anticipates a 9.2% year-over-year sales increase to $20.9 billion in 2025, with earnings per share (EPS) expected to rise by 16.3% to $10.23 [8][12] Profitability Metrics - Fiserv's return on equity (ROE) stands at 19.7%, which is significantly lower than the industry average of 48.6% [13][15] - Despite a strong standalone ROE, the company's performance relative to competitors like Sezzle and Mastercard, which have ROEs of 58.2% and 40.3%, respectively, may deter investors [15] Competitive Landscape - The merchant segment, which Fiserv aims to grow, faces intense competition from rivals such as FIS and Global Payments, as well as emerging startups [16] - Macroeconomic factors, including a 3.1% year-over-year inflation increase in July, may negatively impact consumer spending and, consequently, Fiserv's transaction volumes [17] Strategic Positioning - The introduction of the GENIUS Act provides a clearer regulatory framework for stablecoins, potentially leading to long-term revenue streams in areas like cross-border payments and treasury management [9] - Fiserv's strategy to provide a bank-friendly stablecoin solution positions it as an innovator in the financial technology space, allowing traditional institutions to adopt blockchain technology with reduced risk [7]
Bitcoin's record highs drive 'significantly elevated' crypto activity on eToro, says CEO Yoni Assia
CNBC Television· 2025-08-13 16:27
So, thanks to a surge in retail trading activity for both stocks and crypto, it Toro reported strong results in Q2, your firm's first full quarter as a public company. Now, you noted in your earnings call this morning that you are very pleased with the results and you pointed out that it Toro has been a quote pioneer in the crypto space since 2011 because of your passion for blockchain technology. Now, focusing on the crypto elements in your earnings, your CFO noted that the company's net contribution from ...