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Reliance Global Group (RELI) Adds XRP to Digital Asset Treasury, Expanding Enterprise-Grade Blockchain Portfolio
Globenewswire· 2025-09-30 13:00
Core Viewpoint - Reliance Global Group has completed the purchase of XRP, enhancing its Digital Asset Treasury initiative and diversifying its portfolio with a top-tier cryptocurrency recognized for its speed and scalability in cross-border payments [1][2][3] Group 1: Digital Asset Strategy - The addition of XRP follows previous purchases of Bitcoin, Ethereum, and Cardano, reflecting a disciplined approach to building a diversified digital asset portfolio [2][3] - The company aims to integrate digital assets into its broader strategy, merging innovative technologies with its established strengths in insurance and financial services [3][10] - Reliance emphasizes the importance of secure custody, transparent oversight, and regulatory compliance in managing its digital assets [3][10] Group 2: XRP Characteristics - XRP is the fourth-largest cryptocurrency by market capitalization and is widely used as a bridge asset for international payments [2] - Key features of XRP include transaction settlement in 3-5 seconds, low transaction fees, partnerships with global banks for liquidity management, scalability of over 1,500 transactions per second, and energy efficiency compared to proof-of-work blockchains [5][6] Group 3: Long-term Vision - The company believes that the disciplined diversification into digital assets will capture the transformative potential of blockchain technology and drive long-term shareholder value [3][6] - Reliance's strategy includes balancing innovation with prudent governance and compliance, aiming to enhance resilience, efficiency, and growth through blockchain participation [3][6]
X @Chainlink
Chainlink· 2025-09-30 12:08
RT Chainlink Everything (@SmartContract)MAJOR NEWS:Chainlink announced today a landmark technical solution enabling financial institutions worldwide to manage digital asset workflows directly from their existing systems using Swift messaging and CRE, in collaboration with UBS ↓ ...
Dogecoin Cash Inc. (OTCQB:DOGP) Announces Special Distribution of DogeCoin Cash (MEMECOIN:DOG) to Shareholders
Globenewswire· 2025-09-30 08:20
Company Overview - Dogecoin Cash Inc. (OTCQB:DOGP) has announced a special distribution of DogeCoin Cash (MEMECOIN:DOG) to shareholders of record as of December 15, 2025, with payment scheduled for December 22, 2025 [1][2] - Each shareholder will receive one DogeCoin Cash for every share of Dogecoin Cash Inc. common stock held, totaling approximately 150 million DogeCoin Cash to be distributed [2] Distribution Details - The distribution will be executed through certificates with assigned CUSIPs or equivalent book-entry positions, which shareholders can redeem through the company's subsidiary, DogeSPAC LLC [3] - Shareholders will receive further instructions on how to redeem their certificates prior to the payment date, and no immediate action is required from them [4] Industry Insights - The meme coin market has evolved significantly, with its total market capitalization recently surpassing approximately USD 77 billion, indicating its growing importance in the digital asset market [5] - Projections suggest that the meme coin market could grow from about USD 68.5 billion in 2024 to as much as USD 925.2 billion by 2035, reflecting a compounded annual growth rate (CAGR) of roughly 26.7% [6] - The global meme-coin development market is also expected to expand from about USD 40 million in 2024 to nearly USD 296 million by 2031, with a CAGR of approximately 27.8% [6] Company Activities - Dogecoin Cash Inc. operates PrestoDoctor, a leader in medical cannabis telemedicine, and focuses on blockchain innovation and digital asset initiatives [8] - The company’s subsidiary, MEME Coins Inc., holds DOG tokens as its sole digital asset and is focused on meme-based cryptocurrency innovation and social crypto applications [8]
Dogecoin Cash Inc. (OTCQB:DOGP) Announces Special Distribution of DogeCoin Cash (MEMECOIN:DOG) to Shareholders - Dogecoin Cash Inc Com (OTC:CBDS), Dogecoin Cash (OTC:DOGP)
Benzinga· 2025-09-30 08:20
Core Points - Dogecoin Cash Inc. has announced a special distribution of DogeCoin Cash to shareholders, with a record date of December 15, 2025, and payment scheduled for December 22, 2025 [1][2] - Each shareholder will receive one DogeCoin Cash for every share of Dogecoin Cash Inc. common stock held, totaling approximately 150 million DogeCoin Cash to be distributed [2] - The distribution will be executed through certificates or book-entry positions, redeemable through the company's subsidiary, DogeSPAC LLC [3] Company Overview - Dogecoin Cash Inc. operates in the medical cannabis telemedicine sector through its subsidiary PrestoDoctor and is also focused on blockchain innovation and digital asset initiatives [8] - The company holds DOG tokens as its sole digital asset and is developing a platform for meme-based cryptocurrency innovation and social crypto applications [8] Industry Insights - The meme coin market capitalization has recently surpassed approximately USD 77 billion, indicating its growing significance within the broader crypto sector [5] - Projections suggest the meme coin market could grow from about USD 68.5 billion in 2024 to USD 925.2 billion by 2035, reflecting a CAGR of roughly 26.7% [6] - The global meme-coin development market is expected to expand from about USD 40 million in 2024 to nearly USD 296 million by 2031, with a CAGR of approximately 27.8% [6]
Is Bitcoin Topped: Why The Real Top May Still Be Ahead
Forbes· 2025-09-30 03:33
Core Insights - Bitcoin's performance in 2025 has been disappointing, with a year-to-date increase of approximately 22%, underperforming gold's 46% surge and only slightly surpassing the Nasdaq Composite's 17% gain [1][3] - The broader crypto market, excluding Bitcoin and Ether, has risen about 16%, indicating a general weakness in the crypto sector compared to traditional equity markets [3] Market Sentiment and Reactions - A notable crypto influencer suggested that the market may have peaked, leading to increased volatility, with Bitcoin dropping to around $107,000 before recovering to approximately $114,600 by late September [4] - Despite some opinions suggesting a market top, many participants believe the current pullback is a temporary exhaustion rather than the start of a prolonged decline [5][6] Economic Factors Influencing Bitcoin - The Federal Reserve's recent rate cut of 25 basis points to a target range of 4.00–4.25% is expected to be followed by two more cuts by year-end, which historically supports risk assets like Bitcoin [8] - U.S. GDP is projected to grow at about 2.5% annualized in Q3, driven by consumer spending and technology investments, particularly in AI, which bolsters confidence in the economic outlook [10][11] Regulatory and Policy Developments - The U.S. administration has adopted a pro-crypto agenda since January 2025, aiming to establish the U.S. as a global hub for digital assets, which includes fewer enforcement actions and clearer guidelines for crypto practices [12][16] - The passage of the GENIUS Act in July created a framework for stablecoins and clarified regulatory jurisdictions, contributing to a more favorable environment for crypto investments [16] Revenue Generation in Crypto - Some crypto applications are demonstrating significant revenue generation, indicating a shift towards measurable financial performance and a maturing ecosystem that is becoming more resilient to market volatility [13][14] - Hyperliquid, a decentralized exchange, reported an annualized revenue of $1.167 billion with a small team, outperforming major tech companies in revenue per employee [16]
X @Crypto.com
Crypto.com· 2025-09-30 03:00
RT Crypto.com Research & Insights (@cryptocom_rni)Crypto Market Pulse Weekly:📉 Ether exchange net flows (30DMA) hit the lowest since 2023📃 https://t.co/hb29mmurpq obtains CFTC margined derivatives licenses🤝 Exodus Movement selects https://t.co/hb29mmurpq Custody as digital asset custodianThe details 👇https://t.co/NgS9NAZ9RU ...
X @Wu Blockchain
Wu Blockchain· 2025-09-29 21:56
Bit Digital (Nasdaq: BTBT) announced plans to raise $100 million through a convertible note offering, primarily to purchase Ethereum (ETH) and potentially for other digital asset–related corporate purposes. The company has filed a preliminary prospectus with the U.S. Securities and Exchange Commission, with Barclays, Cantor and B. Riley Securities serving as book-running managers. https://t.co/xoUdDp69MC ...
Chicago trading legend says most assets will be tokenized in five years #stockmarket
Bloomberg Television· 2025-09-29 16:25
This idea that you could move value instantaneously in a trustless ecosystem was super interesting to me and I said, "Wow, if you could do that in traditional financial markets, that would make the market so much better, so much more resilient." So, we started a company called, again, not very creatively named, digital asset holdings, um, which created the Canton blockchain. And that chain was designed specifically with tokenization of traditional financial instruments in mind. So it has a couple of charact ...
C2 Blockchain Expands Corporate Treasury to 507 Million DOG Coins, Strengthening Digital Asset Strategy
Accessnewswire· 2025-09-29 11:00
Core Insights - C2 Blockchain Inc. has increased its corporate DOG Coin treasury from 500,182,153 DOG to 507,668,698 DOG, acquiring an additional 7,486,545 DOG coins [1] - This expansion solidifies C2 Blockchain's status as the largest institutional DOG holder in the public markets [1] - The company is pioneering a new model of DOG-backed equity for investors [1]
Solana ETF Approvals Could Arrive by Mid-October, Says Analyst
Yahoo Finance· 2025-09-27 11:31
Core Insights - Several Solana exchange-traded fund (ETF) proposals, including staking features, are expected to receive approval from US regulators by mid-October, indicating a significant shift in the digital asset landscape [1][2][6] - Major asset managers such as Franklin Templeton, Fidelity, and Grayscale have submitted updated applications for spot Solana ETFs, reflecting rising institutional interest [2][6] - The recent launch of the REX-Osprey Solana Staking ETF, which achieved $33 million in trading volume and $12 million in first-day inflows, highlights the growing momentum for Solana in the ETF market [3][4] Group 1: ETF Developments - The SEC has received a wave of amended S-1 filings for proposed spot Solana ETFs, with expectations of approvals within the next two weeks [1][2] - The inclusion of staking language in these filings may positively influence the long-delayed approval of spot Ethereum ETFs with staking features, potentially reshaping the market [4][6] Group 2: Market Sentiment and Inflows - Pantera Capital has identified Solana as the next cryptocurrency poised for institutional adoption, following under-allocation compared to Bitcoin and Ether [3] - Bitwise reported that its European-listed Solana staking ETP recorded $60 million in inflows over five trading days, indicating strong investor interest [4]