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Intchains Group Limited To Acquire a Proof-of-Stake Technology Platform, and Expand Blockchain Infrastructure Capabilities
Globenewswire· 2025-11-13 12:00
Core Viewpoint - Intchains Group Limited has signed a definitive agreement to acquire a Proof-of-Stake technology platform for $1.3 million, enhancing its capabilities in the blockchain space and positioning the company for growth in decentralized finance [1][2]. Group 1: Acquisition Details - The acquisition involves a PoS technology platform currently operated by DxPool, which will be rebranded under Intchains after the acquisition [1]. - The acquisition is expected to close in approximately 30 business days, contingent on meeting relevant closing conditions, and will not include any of the seller's debts or liabilities [1]. - The target consists primarily of intangible assets, including systems, technological infrastructure, and existing customer relationships necessary for staking operations [3]. Group 2: Strategic Importance - This acquisition represents a strategic step for Intchains to build long-term shareholder value by expanding into high-margin, technology-driven services to meet the growing demand for cryptocurrency staking [2]. - The addition of the PoS platform will diversify Intchains' technology offerings and contribute to its business ecosystem, which includes altcoin mining and Web3 application development [4]. Group 3: Future Plans - Upon completion of the acquisition, Intchains plans to leverage the new PoS platform alongside its existing FalconX platform to stake a significant portion of its ETH holdings, which currently includes 1,000 ETH, representing approximately 11.3% of its total ETH treasury [5]. - The company aims to maximize staking returns and diversify its ETH holdings as part of its treasury yield-generating strategy [5]. Group 4: Leadership Perspective - The Chairman and CEO of Intchains emphasized that the acquisition aligns with the company's strategy to expand its presence in next-generation blockchain infrastructure and enhances its technological capabilities [6].
X @Starknet (BTCFi arc)
Starknet 🐺🐱· 2025-11-13 02:44
RT Brother Odin (@odin_free)Privacy Perps on Starknet tech.Mainnet Dec 1stFull order and position privacy via RPC masking (L2) + encrypted DA (L1)https://t.co/ma7RJmfmAB ...
X @BSCN
BSCN· 2025-11-13 00:11
RT BSCN (@BSCNews)TRUST WALLET INTRODUCES GAS SPONSORSHIP, AUTOMATICALLY COVERING ELIGIBLE SWAP GAS FEES EVEN WITH ZERO BALANCE- @TrustWallet has announced a new feature called Gas Sponsorship, which allows users to complete crypto swaps even when their wallets have zero native token balance.- This feature ensures that users can continue transacting seamlessly without worrying about running out of gas fees — a move that could significantly improve accessibility in the crypto space.Key Details:- Gas Sponsors ...
X @BSCN
BSCN· 2025-11-12 16:06
Key Feature - Trust Wallet introduces Gas Sponsorship, automatically covering eligible swap gas fees even with zero balance [1] - This feature aims to improve accessibility in the crypto space by allowing seamless transactions without native token balance [1] Functionality and Support - Gas Sponsorship automatically detects and covers network gas fees for users lacking native tokens like BNB, SOL, or ETH [2] - Currently supports BNB Chain and Solana, allowing up to four gas-sponsored swaps per day on each chain [2] - Minimum swap amounts are set at 0 for BNB Chain and approximately $200 for Solana [2] - Ethereum and other networks support, alongside gas-sponsored transfer actions, are expected to roll out soon [3] Strategic Alignment - Trust Wallet seeks to make self-custody and decentralized finance more intuitive with Gas Sponsorship [4] - The update aligns with Trust Wallet's "freedom philosophy," aiming to remove friction in technology [4]
Tron Inc. Reports Record Third Quarter 2025 Results
Globenewswire· 2025-11-12 13:30
Core Insights - Tron Inc. reported a net income of $12,174,266 for the third quarter of 2025, a significant improvement from a net loss of $1,128,872 in the same period last year [3] - The company ended the quarter with over $239 million in shareholders' equity, bolstered by a strong asset base including cash, cash equivalents, and investments in TRON tokens (TRX) and Staked TRX tokens (sTRX) [3] - An additional $110 million investment from its largest shareholder was made during the quarter, enhancing the company's balance sheet and long-term growth potential [4] - Management attributed the strong performance to a disciplined cost structure, low cash burn rate, and strategic investments in high-growth digital assets [5] - The CEO emphasized the strength of the company's digital asset strategy and ongoing efforts to drive growth and deliver long-term value for shareholders [6] Financial Performance - The net income for the third quarter of 2025 was $12,174,266, compared to a net loss of $1,128,872 in the same quarter of the previous year [3] - Shareholders' equity reached over $239 million, indicating a robust financial position [3] Strategic Investments - The company expanded its TRX holdings through a $110 million investment from its largest shareholder, which is expected to strengthen its balance sheet [4] - Management's focus on strategic investments in high-growth digital assets is seen as a key driver of the company's strong financial performance [5] Company Overview - Tron Inc. is positioned at the forefront of blockchain innovation, entertainment, and digital asset management, with a commitment to transparency and decentralized finance [6] - The company also designs and manufactures custom merchandise for major theme parks and entertainment venues, leveraging popular entertainment franchises [6]
Anthony Scaramucci Says TON Token Offers Indirect Bet On Telegram's Ecosystem, Could Hit $10 In Contrarian Play Challenging Visa, PayPal
Benzinga· 2025-11-12 12:01
Core Insights - Investing in TON (CRYPTO: TON) is viewed as an indirect investment in Telegram, which is not publicly listed [1] Group 1: Utility and Functionality - TON is positioned as a utility token for payments, facilitating instant cross-border transactions and potentially competing with major players like Visa, Western Union, and PayPal [2] - The selection criteria for tokens include specialized development teams, increased adoption, and scalability, all of which TON meets according to Scaramucci [3] Group 2: Market Conditions and Opportunities - Despite facing significant price declines from $750 to $220, Scaramucci sees this as a contrarian opportunity, projecting that TON could reach $10 as adoption increases [4][5] - The current altcoin market is weak, with altcoins trading at levels reminiscent of the 2022 FTX crisis, while Bitcoin is priced at $110,000 [4] Group 3: Decentralization and Legal Context - TON remains decentralized despite legal issues faced by Telegram founder Pavel Durov, who is under scrutiny in France [6] - Following news of Durov regaining his passport, TON experienced a surge of over 20% in value [6]
X @Avalanche🔺
Avalanche🔺· 2025-11-11 13:00
Institutions are building their own blockchains to modernize finance. Digital Liquidity Gateway proves this. On Avalanche.Read more: https://t.co/YIIl9ip4av ...
Tether Doubles Down on Rumble, with an Initial Commitment of up to $150 Million of GPU Services to Fuel AI Plans
Globenewswire· 2025-11-10 05:56
Core Insights - Rumble Inc. has entered into a significant GPU services agreement with Tether, committing to purchase up to $150 million over two years following Rumble's exchange offer for Northern Data AG [1][3] - This partnership aims to enhance Tether's AI capabilities, allowing for the development of a decentralized AI ecosystem that operates independently of major cloud providers [2][3] Company Overview - Rumble is described as a Freedom-First technology platform focused on protecting a free and open internet, encompassing cloud, AI, and digital media services [4] - Tether is recognized as the creator of the most widely used stablecoin and is involved in building decentralized financial and technological infrastructures [5] Strategic Implications - The GPU commitment is a strategic move for Tether to secure high-performance computing resources, which are essential for advancing its AI initiatives [2] - The collaboration with Rumble positions Tether to leverage Northern Data's GPU clusters for training AI models, promoting content creator empowerment while ensuring operational independence [2][3]
X @ShapeShift
ShapeShift· 2025-11-08 14:06
Overview - ShapeShift enables swapping into native BTC across different chains [1] - The company is discussing DeFi with ShapeShift, focusing on BTC routes [1] Liquidity & Trading - Liquidity is abundant in decentralized finance but often isolated [1] - Users frequently trade across various chains like Solana, BNB, Base, and Arbitrum [1] Technology & Innovation - BTC routes aim to connect chains and unlock real Bitcoin [1]