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Solana Giant Forward Industries to Tokenize $1.65B Stock on Superstate
Yahoo FinanceΒ· 2025-09-22 20:08
Core Insights - Forward Industries plans to tokenize its stock on the Solana blockchain through Superstate's Opening Bell platform, aiming to be one of the first public companies to issue tokenized equity directly on-chain [1][2] - The initiative is part of a broader strategy to build a balance sheet anchored by Solana, integrating traditional equity with decentralized finance infrastructure [4][5] Tokenization and Trading - Shareholders will have the option to convert their common stock into tokenized FORD shares, enabling 24/7 trading, near-instant settlement, and increased global liquidity [2][3] - Forward Industries is collaborating with major Solana-based protocols to make tokenized shares usable as collateral in lending systems [3] Strategic Partnerships and Investments - Forward intends to take an equity stake in Superstate to align interests and further product development [3] - The company recently closed a $1.65 billion private investment in public equity financing, the largest Solana-focused digital asset treasury financing to date, which funded the purchase of 6.8 million SOL [5][6] Future Capital Raising Plans - Forward submitted plans for a $4 billion at-the-market equity program with Cantor Fitzgerald as distributor to raise additional capital for Solana acquisitions and working capital [7]
Crypto.com Funds Security-Focused Moonlander After Scattered Spider Breach Controversy
Yahoo FinanceΒ· 2025-09-22 14:28
The announcement that Crypto.com has invested in Moonlander coincides with allegations that they covered up a data breach. | Credit: Getty Images. Key Takeaways Scattered Spider was responsible for a data breach at Crypto.com. The exchange has been called out for failing to publicly disclose the incident at the time. Criticism of Crypto.com threatens to overshadow its investment in Moonlander. It was recently revealed that Crypto.com was targeted by the cybercriminal network known as Scattered Spi ...
Reliance Global Group (RELI) Completes Initial Cardano (ADA) Purchase Under Digital Asset Treasury Initiative
GlobenewswireΒ· 2025-09-22 13:15
Core Insights - Reliance Global Group has completed its first purchase of Cardano (ADA) as part of its Digital Asset Treasury initiative, enhancing its digital asset portfolio with a focus on scalable and energy-efficient blockchain technology [1][2] - The company aims to build a diversified portfolio of leading digital assets, starting with Ethereum and now Cardano, to pursue long-term capital appreciation and remain at the forefront of blockchain innovation in the insurance and financial services sector [2][6] Company Strategy - The addition of Cardano reflects Reliance's commitment to assets with strong fundamentals and long-term potential, emphasizing sustainability and community-driven governance [3][5] - Reliance intends to pursue its treasury strategy with discipline and oversight, guided by its Crypto Advisory Board to ensure governance, custody, and compliance align with best practices [3][6] Cardano's Features - Cardano is recognized for its research-driven foundation, energy efficiency, and real-world use cases, distinguishing it from many other blockchain projects [3][5] - Key benefits of Cardano include its energy-efficient proof-of-stake consensus mechanism, layered architecture for simplified upgrades, and a governance model that allows ADA holders to vote on proposals [5][6] Future Outlook - The company expects that building a diversified digital asset treasury may enhance long-term capital allocation and shareholder value, with plans to selectively expand digital asset positions over time [6][7] - Reliance believes that disciplined execution and oversight can mitigate risks inherent in blockchain markets while complementing its Insurtech capabilities and broader strategy [6][8]
X @Chainlink
ChainlinkΒ· 2025-09-22 12:11
Collaboration & Innovation - Zand and Chainlink are exploring collaborative opportunities to accelerate digital adoption and efficiency [1] - The collaboration aims to deliver innovative, secure, and fast solutions [1] - The solutions will seamlessly merge traditional finance and decentralized finance [1] Strategic Vision - Zand and Chainlink share a vision to advance the digital economy [1] - The collaboration focuses on the future of finance [1]
4 Crypto Presales You MUST Buy Before October!| Crypto book
Crypto BookΒ· 2025-09-21 15:45
Hold on to your digital wallets, folks. I've got the inside scoop on four sizzling crypto pre-sales you need to know about before October rolls around. First up, we've got Blockchain FX or BFX.This bad boy is set to revolutionize decentralized finance. Next, there's Maxi Doge. Don't let the name fool you.This isn't just another memecoin. It's got serious potential. Third on our list is Bitcoin Hyper.It's promising lightning fast transactions that could leave other cryptos in the dust. Last but not least, we ...
X @Token Terminal π
Token Terminal πΒ· 2025-09-20 21:01
RT Token Terminal π (@tokenterminal)π¨π The applications on @BNBCHAIN have generated ~$357.3m in fees during Q3 β25.The 10 biggest contributors to BNB Chain's GDP in Q3 '25 have been: PancakeSwap, Venus, Uniswap, Solv Protocol, Aave, APX, Thena, Euler, DODO, and LayerZero. https://t.co/MQLpGjPq0x ...
CFTC Adds Crypto Leaders to Global Advisory Committee
Yahoo FinanceΒ· 2025-09-20 08:35
Core Insights - The CFTC has appointed key figures from the crypto industry to its Global Markets Advisory Committee and Digital Asset Markets Subcommittee, indicating a commitment to integrating industry expertise into digital asset policymaking [3][4][8] - The new co-chairs of the subcommittee, Scott Lucas from JPMorgan and Sandy Kaul from Franklin Templeton, emphasize the need for clear regulatory frameworks and consumer protections in digital markets [4][8] - The CFTC's initiatives, including the "Crypto Sprint," aim to clarify jurisdictional overlaps with the SEC and enhance regulatory oversight of digital assets [5][6][8] Group 1 - The CFTC has named Katherine Minarik of Uniswap Labs, Avery Ching of Aptos Labs, James J. Hill of BNY, and Ben Sherwin of Chainlink Labs to its Digital Asset Markets Subcommittee [3] - The subcommittee is tasked with guiding the CFTC on blockchain, tokenization, and decentralized finance developments [4] - The appointments reflect a broader trend of Wall Street institutions increasing their interest in tokenized finance, as seen with BNY Mellon's partnership with Goldman Sachs [6] Group 2 - The CFTC's leadership under Acting Chair Caroline D. Pham is focused on executing recommendations from the President's Working Group on Digital Assets [5] - Recent legislative actions, including the signing of the GENIUS Act, indicate a shift towards a more crypto-friendly regulatory environment [6][7] - The House has passed bills related to market structure and the prohibition of a central bank digital currency, awaiting Senate review [7]
Helius Launches Latest Solana Treasury with $500 Million Private Placement
Yahoo FinanceΒ· 2025-09-19 20:18
Group 1 - Helius Medical Technologies completed a $500 million private placement to establish a Solana treasury reserve, potentially raising over $1.25 billion if all warrants are exercised [1][2] - The investment, co-led by Pantera Capital and Summer Capital, positions Helius' crypto net asset value (NAV) as the second largest among Solana treasury entities, with total holdings of $1.6 billion for Forward Industries [2] - Helius plans to focus its treasury strategy on holding SOL as the core reserve asset, leveraging Solana's ~7% native staking yield as a competitive advantage [2][3] Group 2 - Solana staking deposits increased from 400.8 million SOL to 411.3 million SOL, valued at approximately $2.5 billion, despite a 5% price dip [4] - The surge in staking deposits coincided with nearly $300 million in inflows from Rex Osprey's Solana Staking ETF, indicating strong participation in staking [5] - Solana's price was trading at $236.82, down 4.33%, with critical support at the 7-day Simple Moving Average near $240, suggesting potential for a rebound if support holds [6][7]