Core Viewpoint - DeFi Technologies Inc. is facing a class action lawsuit due to significant declines in stock price and alleged misleading statements regarding its business operations and financial forecasts during the Class Period from May 12, 2025, to November 14, 2025 [1][5]. Financial Performance - On November 14, 2025, DeFi reported a revenue decline of nearly 20% and significantly lowered its 2025 revenue forecast, attributing this to delays in executing its arbitrage strategy and increased competition from other digital asset treasury companies [3]. - Following the announcement of the financial results, DeFi's stock price fell by $0.40, or 27.6%, closing at $1.05 per share on November 17, 2025 [4]. Company Operations - DeFi's specialized arbitrage trading desk, DeFi Alpha, indicated that its digital asset treasuries had absorbed or delayed a significant share of arbitrage opportunities over the past year, which contributed to the stock price decline of $0.13, or 7.4%, on November 6, 2025 [2]. - The CEO of DeFi announced a transition from his role to an advisory position, further impacting investor confidence [3]. Legal Proceedings - The class action lawsuit alleges that DeFi's management made materially false and misleading statements and failed to disclose critical information regarding the company's operational challenges and competitive landscape [5]. - Investors who purchased DeFi securities during the Class Period are encouraged to file a lead plaintiff motion by January 30, 2026, to participate in the lawsuit [6].

Group 1 - The upcoming markup of crypto market structure legislation is scheduled for January 15, with protection for DeFi developers being a key issue among US Senators [1] - A bipartisan framework for crypto legislation is being negotiated, with representatives from numerous crypto companies lobbying in Washington, DC [2] - The proposed market structure bill aims to resolve jurisdictional conflicts between the SEC and CFTC over crypto markets [3] Group 2 - The Senate Banking Committee's version of the bill would grant the SEC oversight of ancillary assets, while allowing tokens to fall under CFTC jurisdiction once sufficiently decentralized [4] - Recent offers from Republican senators to Democrats include new provisions on investor protections and illicit finance [5] - Unresolved issues include ethics concerns regarding Trump and his family members in crypto businesses, as well as protections for software developers [6] Group 3 - The Blockchain Regulatory Certainty Act addresses legal challenges faced by crypto developers, particularly those involved in creating crypto mixers [7] - The Department of Justice has attempted to limit the application of money transmission laws against crypto developers, indicating a shift in prosecutorial focus [8]

Core Viewpoint - Ethereum is currently priced at approximately $3,150, significantly lower than its all-time highs, but is expected to reach $4,000 by 2026 due to necessary technical improvements and the continued importance of the chain in the crypto-financial system [1]. Group 1: Price Prediction and Catalysts - The prediction of Ethereum reaching $4,000 is based on a few technical improvements and the chain's central role in the crypto ecosystem [1]. - Upcoming upgrades are expected to enhance Ethereum's scaling capacity, improve transaction execution efficiency, and introduce new technical infrastructure for future enhancements [5][6]. Group 2: Upcoming Upgrades - The first upgrade, Glamsterdam, is set to launch in the first half of 2026, following the major upgrades of 2025, Pectra and Fusaka, which focused on traffic handling and gas fee management [6]. - A second upgrade, Hegota, is planned for the second half of 2026, further focusing on scaling improvements [6]. Group 3: Impact of Upgrades - The optimistic scenario suggests that the launch of Glamsterdam will lead to increased usage of decentralized finance (DeFi) services, attracting more developers and financial institutions, thereby increasing capital inflow [7]. - However, while these upgrades will enhance the technical foundation of Ethereum, they may not directly drive the price to $4,000; the focus is on preparing for significant future feature additions [8][9].

Core Insights - A ruble-denominated stablecoin, A7A5, has significantly increased its circulating supply by almost $90 billion, surpassing major dollar-pegged tokens despite the sanctions on its backers [1] - A7A5 was launched in January 2025 by A7 LLC, which is associated with Russia's state-owned Promsvyazbank and businessman Ilan Shor, who has a history of legal issues [1] - The stablecoin is utilized for cross-border payments by Russian users facing banking restrictions and provides access to USDT liquidity through decentralized finance protocols [1] Group 1 - A7A5's circulating supply growth contrasts with USDT and USDC, which added $49 billion and $31 billion respectively [2] - The ruble has appreciated over 40% against the dollar this year, attributed to capital controls and central bank interventions, making it one of the top-performing currencies globally [3] - A7A5 was a sponsor at the Token2049 conference in Singapore, as local sanctions on Russia do not apply to non-licensed entities [3] Group 2 - A7A5 is not listed on any centralized exchanges and is exclusively traded on Uniswap [4]

Core Insights - SharpLink Gaming has deployed $170 million worth of ether (ETH) into a yield strategy on Consensys' Linea, marking the transition from planning to execution for a multi-year treasury program [1] - The strategy aims to combine Ethereum staking yield with restaking rewards and incentives, all under a qualified custodian structure [1][4] - The deployment aligns with SharpLink's earlier plan to allocate up to $200 million of ETH to Linea over multiple years, reflecting a trend in crypto markets towards stacking multiple yield streams [2] Group 1 - The Linea platform, backed by Consensys, utilizes zero-knowledge Ethereum Virtual Machine (zkEVM) technology to enable faster transaction speeds and lower costs by bundling transactions for bulk verification [3] - SharpLink's strategy is designed to create an "enhanced yield" profile, making its ETH holdings more productive without fully adopting a decentralized finance (DeFi) custody model [4] - This approach represents a broader shift among publicly traded crypto-linked firms, positioning them as yield-and-infrastructure vehicles rather than merely offering directional token exposure [4] Group 2 - SharpLink shares have gained attention following Bernstein's initiation of coverage with an outperform rating, highlighting the company as an institutional gateway to Ethereum [5]

Core Insights - The total transaction value of global stablecoins reached $33 trillion in 2025, marking a 72% increase from the previous year, with USDC leading the market [1] - The passing of the GENIUS Act in July 2025 established a comprehensive regulatory framework for payment stablecoins in the U.S., contributing to the surge in stablecoin transactions [1][2] Transaction Insights - USDC processed $18.3 trillion in transactions, becoming the most-used stablecoin by transaction flow, while Tether's USDT recorded $13.3 trillion [1] - In Q4 2025, stablecoin transaction volumes hit $11 trillion, up from $8.8 trillion in Q3 [5] Market Predictions - Bloomberg Intelligence forecasts that stablecoin payment flows could reach $56 trillion by 2030, despite warnings from regulators about potential disruptions to traditional finance [5] User Preferences - DeFi traders prefer USDC for its utility in moving in and out of positions, while users in inflation-affected countries favor USD-pegged stablecoins for ease of access [3] - Tether is more commonly used for everyday payments and business transactions, with users typically holding its value rather than actively trading it [4] Regulatory Impact - The GENIUS Act has facilitated broader adoption of digital assets among major financial and tech institutions, with companies like Standard Chartered and Amazon exploring their own stablecoin offerings [6]

As filed with the U.S. Securities and Exchange Commission on January 8, 2026 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CYBERSCOPE WEB3 SECURITY INC. (Exact name of registrant as specified in its charter) Cayman Islands 7372 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) 71 Fort Street, PO Box 500, George Town ...

Group 1 - DeFi Development Corp. is the first US public company with a treasury strategy focused on accumulating and compounding Solana (SOL) [1][3] - Chief Strategy Officer Daniel Kang will present at Needham's 28th Annual Growth Conference on January 14, 2026 [1] - The company provides investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem through holding, staking, and operating validator infrastructure [3] Group 2 - DeFi Development Corp. engages in decentralized finance (DeFi) opportunities and explores innovative ways to support Solana's expanding application layer [3] - The company operates an AI-powered online platform that connects the commercial real estate industry, offering data and software subscriptions [4] - It serves over one million web users annually, including property owners, developers, and various lenders, applying for billions in debt financing [5]

Group 1 - DeFi Development Corp. is the first US public company with a treasury strategy focused on accumulating and compounding Solana (SOL) [1][3] - The Chief Strategy Officer, Daniel Kang, will present at Needham's 28th Annual Growth Conference on January 14, 2026 [1] - The company operates its own validator infrastructure, generating staking rewards and fees from delegated stake, while also engaging in decentralized finance (DeFi) opportunities [3] Group 2 - DeFi Development Corp. provides investors with direct economic exposure to SOL and actively participates in the growth of the Solana ecosystem [3] - The company serves over one million web users annually, including property owners, developers, and various lenders, applying for billions of dollars in debt financing each year [5] - Its data and software offerings are primarily provided on a subscription basis as software as a service (SaaS) [5]

Core Insights - DeFi Development Corp. has announced that its liquid staking token, dfdvSOL, will serve as the underlying asset for Mooncake's upgraded 10xSOL leveraged market, replacing the legacy SOL token [1][2] Company Overview - DeFi Development Corp. (Nasdaq: DFDV) has a treasury strategy focused on accumulating and compounding Solana (SOL), providing investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem [4] - The company operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is actively engaged in decentralized finance (DeFi) opportunities [4] Mooncake Platform - Mooncake is a permissionless onchain market for leveraged tokens and yield-bearing funding assets, utilizing a dual-vault leveraged token system that splits the value of an underlying asset into a leveraged position and a funding position [7][8] - The upgrade to dfdvSOL as the core collateral enhances yield, stability, and scalability while maintaining the same 10x SOL exposure for users [2][8] - The new 10xSOL market is designed to provide amplified price exposure without liquidation risk, while also allowing funding providers to earn fees on top of an asset that accrues staking yield [7][8]