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Hyper Bit Establishes Corporate Kraken Digital Asset Exchange Account for Crypto Purchases
Newsfile· 2025-07-17 20:18
Core Insights - Hyper Bit Technologies Ltd. has established a corporate digital asset account on the Kraken exchange to purchase cryptocurrencies, including Bitcoin, enhancing its cryptocurrency treasury holdings [1][2] - The company is optimistic about Bitcoin and the broader cryptocurrency market, aiming to build a diverse portfolio of top-performing crypto assets through strategic partnerships and financing [2] - Hyper Bit has entered into multiple debt settlement agreements to manage outstanding debts, including a total of C$600,054.00 through the issuance of units at a price of $0.18 per unit [3][4][5] Group 1: Corporate Developments - The establishment of a corporate account on Kraken allows Hyper Bit to systematically expand its cryptocurrency holdings, leveraging Kraken's position as a leading digital asset exchange [1][2] - The company has agreed to settle C$120,500.00 in outstanding bona fide debt through the issuance of 669,445 units, each consisting of a common share and a purchase warrant [2] - A second debt settlement agreement has been made to settle a loan of C$440,154.00 through the issuance of 2,445,300 units, also at a price of $0.18 per unit [3] Group 2: Financial Agreements - The third debt settlement involves C$39,900.00 owed to insiders, with C$30,450.00 owed to the CEO and C$9,450.00 to a director, settled through the issuance of units [4] - All debt settlements are subject to a four-month hold period from the date of issuance, pending approval from the Canadian Securities Exchange [5] - The board of directors approved the debt settlements, ensuring compliance with regulations regarding related party transactions [5] Group 3: Company Overview - Hyper Bit Technologies Ltd. focuses on the acquisition, development, and strategic deployment of crypto mining operations and blockchain innovations [6] - The company is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association, indicating its commitment to the crypto ecosystem [6] - Hyper Bit is publicly listed in Canada (CSE: HYPE), the USA (OTCID: HYPAF), and Europe (FSE: N7S0), enhancing its market visibility [7]
X @Litecoin
Litecoin· 2025-07-17 19:10
Regulatory Landscape - The Clarity Act recognizes only three blockchains as "Likely Mature" under US standards: Bitcoin, Ethereum, and Cardano [1]
X @Cointelegraph
Cointelegraph· 2025-07-17 18:50
⚡️ RESEARCH: The blockchain trilemma forces most L1s to sacrifice one; scalability, security or decentralization.Waterfall aims to solve all three. https://t.co/3gkgSIwa9s ...
X @mert | helius.dev
mert | helius.dev· 2025-07-17 18:05
Regulatory Recognition - The Clarity Act reportedly recognizes Bitcoin, Ethereum, and Cardano as "Likely Mature" blockchains under U S standards [1] Market Perception (Potential) - The report suggests a potential positive perception of Bitcoin, Ethereum, and Cardano due to their recognition under the Clarity Act [1]
X @mert | helius.dev
mert | helius.dev· 2025-07-17 17:36
RT Spencer Noon 🕛 (@spencernoon)Applications on @Solana are constantly earning over 2.5x the REV of the Solana blockchain.June closed at $116M in revenue for applications & $47M in REV for the network.Read more… https://t.co/6HkCzsNsWr https://t.co/vXH0S80gDp ...
X @Trust Wallet
Trust Wallet· 2025-07-17 17:34
BNB CHAIN? Handled.Buy, store, and swap all your fav BNB tokens - fast, secure, all on your terms.Powered by 100+ blockchains and 10M+ assets, Trust Wallet is your all-access pass to Web3.@BNBCHAIN is just the beginning. https://t.co/qbxXcTMHD4 ...
X @Wu Blockchain
Wu Blockchain· 2025-07-17 17:00
Listing Announcement - Coinbase will list Caldera (ERA), an ERC-20 token on the Ethereum network [1] - The listing includes an Experimental label, indicating potential risks [1] - ERA-USD trading pair will launch in phases [1] Technology & Focus - Caldera focuses on building high-performance, customizable, application-specific Layer 2 blockchains [1]
X @Cointelegraph
Cointelegraph· 2025-07-17 16:51
🇺🇸 NEW: Rep. Dusty Johnson says the new bipartisan crypto legislation is a “watershed victory” that will launch a golden age of digital assets and blockchain innovation. https://t.co/XRaat93Tuo ...
X @The Block
The Block· 2025-07-17 16:05
EXCLUSIVE: Blockskye, building blockchain infrastructure for corporate travel, raises $15.8 million https://t.co/c1lZCDt1gm ...