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Grayscale Waives Management Fees and Expands Staking up to 100% for Solana Trust (GSOL), Offering 7.23% Staking Rewards Rate
Globenewswire· 2025-11-05 14:00
Core Insights - Grayscale Investments has waived the sponsor's fee and reduced staking fees for the Grayscale Solana Trust ETF (GSOL) for up to three months or until the fund's AUM reaches $1 billion, whichever comes first [1][4] - GSOL is now staking up to 100% of its SOL at a 7.23% Staking Reward Rate, benefiting both new and existing investors [1][4] - The fund aims to provide long-term benefits through a diversified validator approach, enhancing the staking program [2] Company Overview - Grayscale Investments is the largest digital asset-focused investment platform based on AUM as of November 3, 2025, with a decade-long track record in the digital asset space [4] - GSOL was launched in 2021 as a private placement, listed on OTCQX in 2023, and began staking in October 2025, subsequently uplisting as an ETP [3] - The company enables investors to access the digital economy through various investment products, including single asset, diversified, and thematic exposure [3] Product Features - GSOL offers exchange-listed exposure to Solana, a high-performance, proof-of-stake blockchain known for its high throughput and low fees [2] - The fund's staking program is designed to compound returns over time, with a focus on maximizing investor economics [2][3] - The gross staking return of 7.23% represents the average total annualized return on staked assets for the period from October 10 to November 4, before deducting any staking fees [4]
Former CISA Director Chris Krebs on the multi-million dollar crypto hack
CNBC Television· 2025-11-05 13:19
It's a multi-million dollar heist uh rattling crypto investors this week. A hacker stole over hund00 million from a DeFi a decentralized finance uh platform called Balancer. And joining us now, cyber security expert Chris Krebs. He served as the inaugural director of the US Department of Homeland Security, cyber security and infrastructure security agency.He also uh ran US cyber policy for Microsoft. So Chris, can you let's just get back to to what what what is balancer. It was I guess it used ether or some ...
OFA Group Announces Initial Closing of up to $50 Million Founder-Backed Financing with Greentree Financial Group and TriCore Foundation
Globenewswire· 2025-11-05 13:00
Core Insights - OFA Group has announced the initial closing of a PIPE financing of up to $50 million, led by Greentree Financial Group and TriCore Foundation, with R.F. Lafferty & Co. as the exclusive placement agent [1][4] Company Overview - OFA Group is a global design and technology firm that integrates artificial intelligence, digital asset infrastructure, and real-world architecture, headquartered in Los Angeles with operations in Asia and North America [7] Investment Details - The PIPE financing will involve the purchase of newly created Series A Convertible Preferred Shares, pending approval from the Company's stockholders [3] - Proceeds from the financing will be allocated to fund ongoing operations, expand proprietary AI tools, develop the Real World Asset platform through Hearth Labs, and complete architectural and technology projects in North America and Asia [3][4] Strategic Importance - This financing is a key component of OFA's capital markets strategy aimed at expanding access to institutional investors and strengthening the balance sheet ahead of growth initiatives [4] - The funds will support the execution of a multi-year strategic roadmap that includes integrating advanced AI models into architectural design and developing blockchain infrastructure for tokenized real-world assets [4][5] Leadership Commitment - The participation of TriCore, established by the Company's founders, indicates strong alignment between leadership and shareholders, reaffirming their commitment to the Company's strategic vision [2]
Europe's Largest Crypto Miner Northern Data Scraps $200M Bitcoin Mining Unit for AI Gold Rush
Yahoo Finance· 2025-11-05 12:47
Core Insights - Europe's largest Bitcoin mining firm, Northern Data Group (NDG), is selling its mining division, Peak Mining, for up to $200 million, marking a significant shift towards artificial intelligence (AI) [1][6] - The sale includes $50 million in upfront cash and up to $150 million in deferred payments based on profit-sharing from its Texas mining site [2] - NDG plans to repurpose its existing mining infrastructure for AI workloads, which are expected to be more profitable than Bitcoin mining [2][4] Industry Trends - The pivot from Bitcoin mining to AI reflects a broader trend in the crypto industry, where miners are adapting to the increasing demand for AI computing as Bitcoin mining profitability declines due to rising energy costs and market conditions [3][6] - AI workloads can generate ten times more revenue per megawatt compared to Bitcoin mining, making this transition crucial for financial sustainability [4] Financial Performance - NDG's AI and cloud revenue tripled in 2024, surpassing €200 million, with expectations of an additional €150 million from AI services in early 2025 [5] - The company's previous strategic moves include selling Texas data centers for $651 million in 2022 and acquiring GPU specialist Decentric for $429 million, enhancing its capabilities for AI [4] Competitive Landscape - NDG is not alone in this transition; competitors like Core Scientific, Hut8, and Iris Energy are also converting their mining operations into AI hosting facilities, indicating a significant shift in the industry [7] - Core Scientific secured a $3.5 billion deal for AI infrastructure, highlighting the competitive nature of the AI market [7] Strategic Implications - The $200 million exit from Bitcoin mining is viewed as a strategic investment in the burgeoning AI sector, positioning NDG to capitalize on the anticipated trillion-dollar AI boom [8]
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-11-05 12:30
RT THE HUNTER ✴️ (@TrueGemHunter)While most chains talk about speed, @OneAnalog is building time itself onchain.It’s not just another project it’s a timegraph network that keeps data, assets, and actions perfectly in sync across blockchains.No bridges. No wrapped tokens. No delays.Just one unified layer of time connecting every chain like clockwork.Every transaction, every event, every block aligned to a single rhythm.In a chaotic market, that kind of precision feels like magic.The future doesn’t wait it sy ...
AlphaTON Capital to Acquire Premier Crypto Newswire Blockchain Wire, Cementing Dominance in Digital Asset Communications via the Telegram Ecosystem
Globenewswire· 2025-11-05 11:19
Core Insights - AlphaTON Capital is acquiring Blockchain Wire to enhance its digital communications capabilities and expand verifiable news distribution to Telegram's over 1 billion users [1][4][5] Company Overview - AlphaTON Capital is a leading investment firm focused on disruptive technologies, particularly in the digital asset space, and is listed on Nasdaq under the ticker ATON [1][8] - Blockchain Wire is recognized as the premier press release distribution service for the blockchain, crypto, and digital asset sectors, serving over 4,000 clients and achieving over 100% CAGR growth since 2023 [3][10] Strategic Acquisition Details - The acquisition aims to integrate Blockchain Wire's distribution network into AlphaTON Capital's ecosystem, creating a powerful platform for global digital communications [1][4] - The core strategy includes launching the first verifiable newswire service on The Open Network (TON), utilizing blockchain technology for cryptographic verification and traceability of press releases [4][5][6] Leadership and Expertise - Blockchain Wire's leadership team consists of founders who previously established two successful traditional newswire services, Globe Newswire and MarketWire, bringing extensive experience in institutional press distribution to the digital asset sector [6][10] - Brittany Kaiser, CEO of AlphaTON Capital, emphasized the acquisition as a transformative step towards establishing institutional trust through verified communications [5][6] Operational Structure Post-Acquisition - Following the acquisition, Blockchain Wire will operate as a wholly-owned subsidiary of AlphaTON Capital, with the transaction expected to close in the first quarter of 2026, subject to customary conditions [7]
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-11-05 11:02
RT THE HUNTER ✴️ (@TrueGemHunter)While most chains talk about speed, @OneAnalog is building time itself onchain.It’s not just another project it’s a timegraph network that keeps data, assets, and actions perfectly in sync across blockchains.No bridges. No wrapped tokens. No delays.Just one unified layer of time connecting every chain like clockwork.Every transaction, every event, every block aligned to a single rhythm.In a chaotic market, that kind of precision feels like magic.The future doesn’t wait it sy ...