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ETHZilla Promotes John T. Saunders to Chief Financial Officer
Prnewswire· 2025-11-14 13:00
Accessibility StatementSkip Navigation PALM BEACH, Fla., Nov. 14, 2025 /PRNewswire/ --Â ETHZilla Corporation (Nasdaq: ETHZ), a leading technology company connecting traditional finance with decentralized finance (DeFi), today announced the promotion of John T. Saunders to senior vice president, chief financial officer (CFO). Saunders will continue to report to McAndrew Rudisill, chairman and CEO, and to the audit committee. In his expanded role, Saunders will oversee financial strategy, reporting and analys ...
Treasure Global's Subsidiary Tadaa Technologies Appointed Exclusive Partner and Treasury Manager for 200 Million UNIRWA Tokens, Projected Value USD 100 Million
Globenewswire· 2025-11-14 12:35
Core Insights - Treasure Global Inc. has appointed Tadaa Technologies as the exclusive partner and treasury manager for 200 million UNIRWA tokens, valued at USD 100 million, aimed at tokenizing real-world assets in real estate and hospitality across Southeast Asia [1][2][4] Company Developments - The UNIRWA token will be integrated into the upcoming OXI Wallet, set to launch in the first half of 2026, which will provide secure access to asset-backed digital tokens [3][11] - Tadaa will offer tokenization solutions, including asset classification, technical flows, and regulatory compliance for the UNIRWA token [4][11] - The partnership marks Treasure Global's first exclusive collaboration in real-world asset tokenization, enhancing its fintech offerings and establishing recurring income streams [11] Revenue Model - Tadaa plans to develop three revenue channels: management returns from token reserve assets, transaction and settlement fees from token activities, and platform utility revenues related to compliance and tokenization solutions [5][9][10] Market Growth and Industry Potential - There is increasing investor demand for asset-backed digital tokens in Southeast Asia, with projections indicating significant growth in the asset tokenization market [6][7] - The global asset tokenization market is expected to reach USD 16.1 trillion by 2030, highlighting the potential for professionally managed tokenized assets [7] - The tokenization of financial and real-world assets could expand private markets to nearly USD 4 trillion by 2030, driving blockchain growth [8]
Figure CEO Michael Tannenbaum on Q3 results, growth outlook and future of stablecoins
CNBC Television· 2025-11-14 12:33
shares of fintech company uh figure higher after reporting stronger than expected revenue. This is the company's first quarterly report since going public in September. Uh so we are thrilled to have him uh on the broadcast figures CEO Michael Tanner.Good morning to you. >> Good morning. Thank you for having me.>> Uh so this is like the first time you've ever done this. >> That's right. >> How you feeling about it.>> Look, I'm feeling excited about the momentum in the stock uh figure. Just as a bit of an ove ...
X @Blockchain.com
Blockchain.com· 2025-11-14 11:39
Community is #1 🚀TON 💎 (@ton_blockchain):Community is #1 💎 ...
X @AscendEX
AscendEX· 2025-11-14 09:00
Partnership Announcement - AscendEX partners with AgentBayAI, a decentralized AI Agent Marketplace [1] - The partnership aims to explore new possibilities and drive innovation at the intersection of AI and blockchain [1] AgentBay Overview - AgentBay positions itself as the OpenSea for intelligent agents [1] - AgentBay is a platform where every AI Agent can be minted, traded, hired, and owned [1]
BitMine Appoints New CEO and Three Independent Board Appointments
Prnewswire· 2025-11-14 05:01
Core Insights - BitMine has appointed Chi Tsang as the new CEO and added three independent directors to its Board, aiming to strengthen its leadership and strategic direction [1][2] - The company is the largest holder of Ethereum, with a goal to acquire 5% of the Ethereum network, currently holding over 2.9% [1][2] - BitMine's strategy positions it as a bridge between traditional capital markets and the Ethereum ecosystem, reflecting a significant opportunity in the blockchain space [2] Leadership Changes - Chi Tsang has been appointed as CEO and a member of the Board of Directors, effective immediately [1] - New independent directors include Robert Sechan, Olivia Howe, and Jason Edgeworth, bringing diverse expertise in technology, DeFi, and financial services [1][2] Company Vision and Strategy - The company aims to leverage its substantial Ethereum holdings to establish itself as a leading financial institution within the Ethereum ecosystem [2] - BitMine's leadership believes that the current transformation in financial markets due to blockchain technology mirrors past technological revolutions, indicating a supercycle opportunity for Ethereum [2] Financial Position - BitMine's total crypto and cash holdings are reported to be $13.2 billion, with Ethereum holdings reaching 3.5 million tokens [6] - The company operates in low-cost energy regions, enhancing its operational efficiency in Bitcoin mining and related services [3]
Intchains(ICG) - 2025 Q3 - Earnings Call Transcript
2025-11-14 02:00
Financial Data and Key Metrics Changes - Q3 2025 revenue decreased to RMB 9.1 million due to lower sales of mining machines, resulting in an operational loss of RMB 41.8 million [4] - Nine months 2025 revenues were RMB 184.7 million, a decrease of 11% compared to the same period in 2024 [6] - Nine months 2025 loss from operations was RMB 21 million, compared to income from operations of RMB 39.8 million in the same period of 2024 [7] - Net income for nine months 2025 was RMB 78.7 million, an increase from RMB 38.7 million in nine months 2024 [7] - As of September 30, 2025, cash position was $66.5 million, with total assets of $160.6 million and total liabilities of $5.6 million [8] Business Line Data and Key Metrics Changes - Cryptocurrency mining machines remain the primary revenue contributor, accounting for the entirety of total net revenue [4] - The company experienced a decrease in revenue due to the transition of the Aleo Miner series project into a stable stage, leading to softer demand [4][5] - Nine months 2025 cost of revenue increased by 42.9% to RMB 108.2 million, impacted by impairment charges against excess mining machines inventory [6] Market Data and Key Metrics Changes - The cryptocurrency and mining machine industry is characterized by cyclical volatility, affecting quarterly performance [4][5] - The company’s results are better measured on a year-to-date basis due to the lack of fixed seasonal patterns in crypto projects [5] Company Strategy and Development Direction - The company’s growth strategy for 2026 and beyond focuses on the development and sale of Gold Shield mining machines and ETH accumulation [8] - A commitment to R&D is emphasized, with approximately $9 million invested year-to-date to drive technological advancement [9] - New product launches, including the XTM mining series and the Dogecoin mining machine, are expected to contribute significantly to revenue in 2026 [10][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the dynamic market environment and the need for agility and innovation to capture emerging trends [5] - The company is optimistic about the potential of new product launches and strategic partnerships to drive growth [12][14] - The acquisition of a proof-of-stake technology platform is seen as a significant step to enhance blockchain infrastructure capabilities [13][14] Other Important Information - The company has initiated staking a portion of its ETH treasury holding with FalconX, aiming to diversify ETH staking initiatives [12] - The partnership with FalconX focuses on optimizing ETH acquisition and pursuing yield generation strategies [12] Q&A Session Summary Question: Timing of Dogecoin launch in 2026 - The Dogecoin mining machine is expected to be launched in the first half of 2026, contributing revenue in the second half of 2026 [16] Question: Role of staking platform post-acquisition - The acquisition of the staking platform is still in process, with preliminary work ongoing to ensure a smooth integration once completed [17] Question: Marketing strategy for the staking platform - The new staking platform will be branded under the company's own brand, with decisions on the specific branding still to be made [19] Question: R&D investment outlook - R&D expenses are expected to decrease in Q4 2025, with no new chip launches anticipated in that quarter [20]
X @Polkadot
Polkadot· 2025-11-13 22:29
Event Information - Polkadot 将于 11 月 16 日在印度 Vidisha 举办区块链基础入门和生态系统构建研讨会 [1] - 该研讨会由 @utkarsh_a7 主持 [1] Technology Focus - 研讨会内容涵盖区块链基础知识 [1] - 研讨会旨在帮助参与者开始在 Polkadot 生态系统中进行构建 [1]
X @Avalanche🔺
Avalanche🔺· 2025-11-13 21:13
RT Coin Bureau (@coinbureau)🇰🇷SOUTH KOREAN BANK CHOSE AVALANCHESouth Korean NH NongHyup Bank has launched a blockchain-powered VAT refund system on #Avalanche. ...
Eric Trump says the future of finance is crypto
Yahoo Finance· 2025-11-13 21:11
Bitcoin (BTC) and other cryptocurrencies will be the future of money and investments, according to Eric Trump. "It's the greatest hedge against inflation ... against corruption ... against poorly managed monetary systems around the world. That's why you see this global influx into bitcoin. It's probably become the greatest asset of our time," Eric Trump, executive vice president of the Trump Organization, said at Yahoo Finance's Invest event. Trump has made no secret of his big bet on cryptocurrency. Alo ...