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Bluesky Digital Assets Announces Corporate Updates and Provides Corrective Disclosure
Globenewswire· 2025-11-01 01:09
Core Viewpoint - Bluesky Digital Assets Corp. announced corrective disclosures regarding its private placement offering, including details on the issuance of units and associated warrants, as well as the intended use of proceeds for AI development and online gaming [1][10]. Offering Details - The Corporation aimed to complete a non-brokered private placement of up to 8,333,333 units at C$0.12 per unit, targeting gross proceeds of up to C$1,000,000 [1]. - Each unit consists of one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.15 for 24 months [1]. - Eligible finders were to receive an 8% cash fee and non-transferable finder's warrants, also allowing the purchase of shares at C$0.15 for two years [2]. Tranche Closures - The initial tranche closed on July 14, 2025, with 1,750,000 units issued for approximately C$210,000, and 100,000 finder's warrants issued [4]. - The second tranche, effective July 14, 2025, issued 833,333 units for gross proceeds of approximately C$100,000, with no finder's fees paid [6]. - The final tranche closed on August 15, 2025, issuing 2,199,999 units for gross proceeds of approximately C$264,000, also with no finder's fees [9]. Financial Summary - The total gross proceeds from the offering amounted to approximately C$574,000 through the issuance of 4,783,333 units, with finders receiving C$12,000 in cash and 100,000 finder's warrants [10]. - The net proceeds from all tranches are intended to advance the Corporation's AI development and online gaming initiatives, as well as for general working capital [5][7][10]. Company Overview - Bluesky Digital Assets Corp. operates at the intersection of AI, Blockchain, and Web3 business solutions, leveraging proprietary technology to support businesses in adopting emerging technologies [13].
X @Nick Szabo
Nick Szabo· 2025-10-31 23:28
Market Trends - Bitcoin's price has shown an upward trend on Halloween from 2016 to 2025, with projected increases [1] - The data highlights significant volatility in Bitcoin's price, with substantial gains and corrections observed over the years [1] Price Analysis - In 2016, Bitcoin was priced at $701, and by 2023, it reached $34,667, showing a substantial increase over seven years [1] - A projected price of $109,612 is forecasted for Bitcoin by Halloween 2025 [1]
X @Coinbase 🛡️
Coinbase 🛡️· 2025-10-31 22:25
B̶l̶o̶c̶k̶chain mail https://t.co/161ZAu81bm ...
Pantera's Cosmo Jiang talks new spot Solana ETF hitting the market
Youtube· 2025-10-31 22:15
Core Insights - There is a significant inflow of capital into Bitcoin ETFs, surpassing that of the NASDAQ, indicating strong investor enthusiasm for digital assets [2][3] - Penta Capital has a long history with Bitcoin, launching its first fund in 2013, which has yielded a 1500x return for investors [3] - The firm currently has its largest exposure to Solana, anticipating strong demand following the launch of the Solana ETF by Bitwise [4][5] Investment Trends - The launch of the Solana ETF has been notable, achieving the highest day one volume of any ETF launch this year, with over $400 million in assets [5] - There is a growing interest in Digital Asset Treasuries (DATs), which are companies accumulating cryptocurrencies on their balance sheets, similar to MicroStrategy's strategy [7][8] - Penta Capital has launched its own DAT, the Solana Company (ticker HSDT), emphasizing the benefits of active management over passive ETF investments [8][9] Future Outlook - The adoption of stablecoins is expected to increase, with companies like Western Union entering the market, indicating a shift towards blockchain-based financial applications [10][13] - The future of financial applications is predicted to run on blockchain technology, becoming more user-friendly and seamless, potentially utilizing multiple stablecoins [12][13]
Pantera's Cosmo Jiang talks new spot Solana ETF hitting the market
CNBC Television· 2025-10-31 22:15
Market Trends & Investment Opportunities - Bitcoin ETFs have seen more inflows than the NASDAQ, indicating strong enthusiasm for digital asset exposure [2][3] - Penta Capital's first Bitcoin fund, launched in 2013, has yielded a 1500x return for investors [3] - Solana is currently Penta Capital's largest exposure, anticipating strong demand with the launch of the Solana ETF by Bitwise [4] - Bitwise's Solana ETF (ticker B SOL) achieved the highest day one volume of any ETF launch year-to-date and now holds over $400 million in assets [5] - Digital asset treasuries (DATs) are emerging as a new investment avenue, following MicroStrategy's strategy of accumulating Bitcoin or other tokens on their balance sheets [7] - Penta Capital launched its own digital asset treasury called Solana Company (ticker HSDT) [8] Stablecoin & Blockchain Adoption - Within 5 years, every financial application on phones will likely run on blockchain rails, with seamless translation between different stablecoins [12][13] - Western Union is launching a stablecoin on Solana, highlighting Solana's central role in the stablecoin ecosystem [13] Active vs Passive Management - Digital asset treasuries (DATs) offer active management, aiming to outperform underlying tokens through marketing, advocacy, capital market strategies, and intelligent trading, contrasting with the passive nature of ETFs [8][9]
X @Ethereum
Ethereum· 2025-10-31 20:53
RT Polygon (@0xPolygon)JUST IN: India's local governments are moving onchain, on PolygonAmravati is tokenizing records, starting with land titles, property documents, tax data, and certificates.Transparent. Secure. Immutable. This is the start of a new chapter for governance in India. https://t.co/yA24l8Imif ...
Coinbase CEO Garners Praise, Pushback for Prediction Market Shoutouts in Earnings Call
Yahoo Finance· 2025-10-31 20:50
Core Insights - Coinbase CEO Brian Armstrong engaged with prediction market users during the Q3 earnings call by mentioning specific terms, which positively impacted the odds for those terms being used [1][2] - The inclusion of terms like "Web3" and "Ethereum" led to significant increases in their betting odds, resulting in payouts for those who predicted their mention [2] - The act received mixed reactions, with some praising it as clever while others criticized it as a manipulation of prediction markets and a potential insider trading issue [3] Company Actions - Armstrong's remarks were described as lighthearted and in response to online discussions, with Coinbase asserting that it has strict policies against employee participation in prediction markets [4] - The company emphasized its commitment to integrity, transparency, and compliance in its operations [4] Market Reactions - Despite the excitement generated by Armstrong's comments, the actual financial impact was minimal due to low liquidity in the prediction markets, with total volumes of $4,000 on Polymarket and $80,000 on Kalshi [4] - The combined volume for the last-minute terms "Web3" and "staking" was under $450 on Polymarket, indicating limited market engagement [5]
X @BSCN
BSCN· 2025-10-31 18:48
Platform Overview - Gameonworldai 正在改变游戏利润的分配方式 [1] - 该平台是一个混合 Web2 + Web3 平台,玩家和创作者可以共同获利 [1] - 该平台由 AI、区块链和社区奖励驱动 [1]
Billionaire CEO's five final words make Coinbase earnings call go viral — key takeaways inside
Yahoo Finance· 2025-10-31 18:13
Core Insights - Coinbase reported Q3 2025 earnings that exceeded analyst expectations, with earnings per share (EPS) of $1.5 compared to an estimate of $1.05, and quarterly revenue of $1.86 billion against an estimate of $1.8 billion [2][17] Company Performance - The earnings call featured a viral moment where CEO Brian Armstrong mentioned key crypto terms that traders were betting on, including "Bitcoin," "Ethereum," "Blockchain," "Staking," and "Web3" [4][5] - Coinbase's CFO Alesia Haas highlighted significant investments in headcount to support the vision of the "Everything Exchange," which aims to integrate various financial services [7][8] Strategic Initiatives - Armstrong emphasized the importance of stablecoins in global payments, predicting a shift towards them due to their efficiency and low cost [9][10] - Coinbase reported that customers held an average of $15 billion in USDC on the platform, contributing to USDC's all-time high market cap of $74 billion [11] - The company is expanding its offerings for businesses, focusing on cross-border payments and invoice management [12] Acquisitions - Coinbase acquired Deribit, the largest crypto options trading exchange, which accounted for over 75% of the market share in options trading [12][13] - The company also acquired Echo, an onchain capital-raising platform, to facilitate fundraising efforts [14][15] Financial Outlook - For Q4, Coinbase is experiencing a strong start, with expectations for October laid out by CFO Haas [16] - The company reported transaction revenue of $385 million and subscription and services revenue projected between $710 million and $790 million [18]
X @aixbt
aixbt· 2025-10-31 18:08
Market Position & Technology Adoption - Circle deployed full CCTP V2 on Monad on day 1, indicating a strategic partnership or confidence in Monad's potential [1] - Solana waited 2 years for full CCTP V2, suggesting a slower adoption rate or different priorities [1] - Arbitrum received full CCTP V2 after months, implying a moderate adoption timeline [1] - Only Base had this treatment before Monad, highlighting Monad's perceived importance or readiness [1] Financial Implications & Infrastructure Investment - Premarket trades at $0.26, which could be a reference to a token or asset associated with Monad [1] - Circle invested 6 months building infrastructure, demonstrating a significant commitment to the project [1] - Circle only deploys this infrastructure for chains expecting billions in volume, indicating high expectations for Monad's transaction volume [1]