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707 Cayman Holdings Limited Announces Entering Into Memorandum Of Understanding
GlobeNewswire News Room· 2025-08-13 08:31
Core Viewpoint - 707 Cayman Holdings Limited has entered into a memorandum of understanding with Precious Choice Global Limited to explore building a cryptocurrency treasury reserve, aiming to significantly scale holdings over the next 12 months [2][5]. Group 1: Company Overview - 707 Cayman Holdings Limited is a Hong Kong-based company that sells quality apparel products and provides supply chain management solutions to customers across Western Europe, North America, and the Middle East [4][11]. - The company serves mid-size brand owners and apparel companies with comprehensive operations and private labels sold worldwide [4][11]. Group 2: MOU Details - The MOU includes an exclusivity provision for both companies for one year from the date of the agreement [2]. - The cooperation will focus on building a portfolio of cryptocurrencies, including Bitcoin, Binance Coin, and Ethereum [2][5]. Group 3: Strategic Rationale - The company believes that building a cryptocurrency portfolio could facilitate transactions with global customers and suppliers, reduce cross-border transaction costs, and provide optionality for leveraging this strategic asset in the future [5]. - The directors of the company see potential in exploring the Web3 industry and gaining a deeper understanding of blockchain technology through collaboration with Precious Choice [5].
A Recovery Defined By Innovation
ARK Invest· 2025-08-12 17:49
Productivity Growth & Economic Outlook - Productivity surges tend to occur at the beginning of recoveries after recessions [2] - The fact that productivity has held up well during the rolling recession suggests a secular change in productivity growth [2] - The company anticipates productivity growth could reach 5% or more, sustained for a longer period [3] Technological Drivers - New technologies such as robotics, energy storage, AI, blockchain technology, and multiomic sequencing are expected to drive significant productivity gains [3] Correlation of Economic Indicators - GDP growth and productivity growth are typically highly correlated on a year-over-year basis [1]
If You Hold XRP You NEED To Know This (Trillions!)
RWA Tokenization Market Overview - The RWA tokenization market is currently valued at nearly $26 billion and has experienced tremendous growth in recent months and years [2] - Tokenized RWAs on public networks account for approximately $1313 billion [4] - The global real estate market is valued in the hundreds of trillions of dollars, while the tokenized real estate market is only $143 million, indicating significant growth potential [7] Growth Potential and Future Outlook - Bitwise estimates the tokenization market could grow 4,000x, highlighting the immense potential [8] - The White House has recognized tokenization of RWAs as a key use case for blockchain technology [10] - Bank of America reports that the tokenization of real-world assets is gaining significant momentum in the financial industry and predicts further expansion later this year and into 2026 [31][32][33] - The crypto market cap has increased by a trillion dollars in the last 6-8 weeks, signaling an inflection point poised for significant growth [25] - Estimates suggest a $16 trillion market cap of tokenized assets by the end of the decade [26] XRP Ledger and Ripple's Role - The XRP Ledger is acting as a foundational layer for financial applications such as the tokenization of real-world assets [13] - Ripple has partnered with Control Alt to assist the Dubai Land Department's real estate tokenization project, utilizing Ripple's custody infrastructure on the XRP Ledger [11][14] - Guggenheim Treasury Services is issuing tokenized commercial paper on the XRP Ledger in partnership with Ripple and Economy X [14] - Ripple is receiving an astounding number of inbound requests to meet with large institutions around tokenization products [21][24] - XRP and the XRP Ledger are at the forefront of tokenization use cases that Ripple is involved with [29] Stablecoins and Infrastructure - Stablecoins, particularly ROUSD, are essential for transacting trillions on-chain, powering enterprise payments, asset tokenization, and DeFi [19][20] - The XRP Ledger provides the infrastructure with enterprise-grade compliance features, a native DEX, and an AMM, accelerating RWA tokenization growth [17][18]
Dogecoin Cash, Inc. Announces PrestoDoctor's Expansion into Three New Markets
GlobeNewswire News Room· 2025-08-05 08:20
Company Overview - Dogecoin Cash, Inc. (OTCQB: DOGP) is a publicly traded company focused on telehealth services and blockchain-based innovation [1][7] - The company owns PrestoDoctor, a licensed telehealth provider specializing in medical cannabis consultations [7] Expansion and Market Reach - PrestoDoctor has expanded operations into Arizona, Massachusetts, and Virginia, increasing its service area to over 23 million individuals [1] - More than 1.2 million residents in these states have registered as medical marijuana patients since the inception of their programs [1] - PrestoDoctor now operates in 18 states, emphasizing compliance with medical cannabis laws and telemedicine standards [2] Telehealth Trends - Nationwide telehealth usage has surged by a factor of 38 since 2020, indicating a significant shift towards digital healthcare access [2] - The expansion aligns with broader healthcare trends, reflecting a commitment to responsible and secure patient access [2] Technology and Compliance - PrestoDoctor utilizes a proprietary telemedicine platform designed for secure video consultations and HIPAA compliance [3][4] - The platform includes features such as encrypted patient records and real-time physician scheduling, tailored specifically for medical cannabis telehealth [3] Leadership and Expertise - Kyle Powers, Co-Founder and CEO, has a background in software development for regulated industries and was recognized in Forbes 30 Under 30 – Healthcare list [5][6] - The leadership team focuses on leveraging technology to enhance service offerings and ensure compliance with evolving regulations [2][5] Product Offerings - Dogecoin Cash, Inc. holds the first patented cannabis strain, Ecuadorian Sativa aka "CTA", and a patented cannabis lozenge for hypertension treatment [7] - The company is actively exploring opportunities in digital assets and decentralized finance (DeFi) solutions [7]
Dogecoin Cash, Inc. Announces PrestoDoctor’s Expansion into Three New Markets
Globenewswire· 2025-08-05 08:20
Core Insights - Dogecoin Cash, Inc. has expanded its telehealth services through its subsidiary PrestoDoctor into Arizona, Massachusetts, and Virginia, providing access to online consultations for medical cannabis evaluations [1][2] - The expansion allows PrestoDoctor to serve a combined population of over 23 million individuals, with more than 1.2 million residents in these states registered as medical marijuana patients [1][2] - Telehealth usage has surged nationwide, increasing by a factor of 38 since 2020, indicating a significant shift towards digital healthcare access [2] Company Overview - PrestoDoctor operates a proprietary telemedicine platform designed for medical cannabis telehealth, featuring secure video consultations, encrypted patient records, and real-time physician scheduling [3][4] - The platform is custom-built to comply with HIPAA privacy standards and adapt to evolving state regulations [4] - Dogecoin Cash, Inc. also holds the first patented cannabis strain and a patented cannabis lozenge for hypertension treatment, while actively exploring blockchain technology and decentralized finance solutions [7]
X @Poloniex Exchange
Poloniex Exchange· 2025-08-05 03:00
Cryptocurrency & Blockchain Development - Ethereum's 10-year plan aims for 1 million TPS (transactions per second) [1] - Blockchain technology's potential to decentralize the US energy grid [1] - Tether's USDT to launch its own zero-fee blockchain [1] Market Investment & Funding - Bitmine, led by Tom Lee, invested $300 million in ETH (Ethereum) [1] Regulatory & Institutional Involvement - South Korean banks are preparing to enter the crypto and stablecoin market [1]
Bit Origin Announces Completion of Share Capital Reduction
Globenewswire· 2025-08-04 20:30
Core Viewpoint - Bit Origin Ltd has successfully completed a reduction of its issued share capital, enhancing its flexibility for future corporate actions and potential capital raises [1][4]. Group 1: Share Capital Reduction Details - The Grand Court of the Cayman Islands confirmed the Company's special resolution to reduce the par value of each issued and authorized share from US$0.30 to US$0.000001 [2]. - Following the reduction, the authorized share capital is US$500, divided into 500,000,000 ordinary shares with a par value of US$0.000001 each, including 475,000,000 Class A Ordinary Shares and 25,000,000 Class B Ordinary Shares [3]. - All issued shares remain fully paid up, and the Share Capital Reduction was registered by the Cayman Islands Registrar of Companies on July 25, 2025 [3]. Group 2: Management Commentary - Mr. Jinghai Jiang, Chairman and CEO, stated that the completion of the share capital reduction provides increased flexibility for executing future corporate actions, including potential capital raises and strategic transactions [4].
BTC Digital Ltd. Postponed Extraordinary General Meeting to August 22, 2025
Prnewswire· 2025-08-04 12:00
Core Viewpoint - BTC Digital Ltd. has postponed its extraordinary general meeting to August 22, 2025, due to a lack of quorum, with no changes to the meeting's location, record date, or proposals [1][2]. Group 1: Meeting Details - The extraordinary general meeting was initially scheduled for July 21, 2025, and was adjourned to August 4, 2025, before being postponed again to August 22, 2025, at 9:30 a.m. Eastern Time [1][2]. - The meeting will take place at 61 Robinson Road, Level 6 & 7, 738, Singapore 068893 [2]. Group 2: Voting Information - The Company's Board of Directors recommends shareholders vote FOR the important proposals outlined in the proxy statement for the meeting [3]. - Shareholders who have already voted do not need to take further action unless they wish to change their votes, which will still be counted at the postponed meeting [3]. - The Company encourages shareholders who have not yet voted to do so now to avoid additional solicitation and expenses [3]. Group 3: Proxy Solicitation - BTC Digital Ltd. has engaged Advantage Proxy, Inc. to solicit proxies from shareholders prior to the postponed meeting [4]. - Only holders of record of ordinary shares as of June 27, 2025, are entitled to vote at the postponed meeting [4]. Group 4: Company Overview - BTC Digital Ltd. is a blockchain technology company focused on creating value in the metaverse, blockchain, and cryptocurrency mining sectors [6]. - The Company aims to develop blockchain-related businesses in North America, including cryptocurrency mining, mining farm construction, mining pool operations, and miner accessories [6].
Hyperscale Data Announces Preliminary Cash and Restricted Cash Position of $27 Million and Total Assets of $214 Million as of June 30, 2025
Prnewswire· 2025-08-04 10:00
Core Insights - Hyperscale Data, Inc. has reduced its debt by over $20 million year-to-date and is focusing on building a stronger asset base [1] - The company aims to position itself at the intersection of AI infrastructure and blockchain technology, with plans to update stockholders on digital asset acquisition strategies [1][2] - As of June 30, 2025, the company reported a cash position exceeding its market capitalization and total assets of approximately $214 million [2][7] Financial Performance - Preliminary financial results for the quarter ended June 30, 2025, indicate a strong cash position and disciplined financial management [1] - Cash and cash equivalents, along with restricted cash, totaled approximately $27 million [7] - The company expects to file its final results in the Form 10-Q with the SEC [2] Strategic Initiatives - Hyperscale Data plans to begin publishing monthly updates on its digital asset holdings starting in August 2025 [1] - The company is preparing for the divestiture of its subsidiary Ault Capital Group, expected around December 31, 2025, which will allow it to focus on data center operations and digital asset holdings [5][6] - The divestiture will involve an exchange of Series F Preferred Stock for shares of ACG, allowing stockholders to become shareholders of ACG [6] Business Operations - Through its subsidiary Sentinum, Inc., Hyperscale Data operates a data center for mining digital assets and providing colocation and hosting services [4] - The company is engaged in various industries, including AI software, social gaming, defense, and medical sectors, through its diversified holdings [5]
X @Ivan on Tech 🍳📈💰
Government Stance on Crypto - The U S has entered the Golden Age of Crypto, indicating a positive regulatory environment [1] - The U S government, under the President, is exploring new possibilities in decentralized computing and digital payments [1] Call to Action - The Treasury Secretary encourages companies to start, launch protocols, and hire workers in the U S [1] Blockchain Technology - The U S government aims to unlock the potential of blockchain technology [1]