Decentralized Finance

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21Shares and Sui Join Forces to Expand Global Access to Sui Network
Globenewswire· 2025-05-01 10:35
Core Insights - 21Shares has formed a strategic partnership with Sui to enhance its global presence and capitalize on the growing interest in the Sui ecosystem [1][2] - The partnership aims to produce product collaborations, research reports, and initiatives that reflect the increasing institutional interest in Sui, which is recognized for its speed, throughput, and scalability [2][4] - Sui is positioned as a high-performance Layer-1 blockchain designed for mass adoption, featuring an object-centric architecture that allows for parallel transaction execution and sub-second finality [4][7] Company Overview - 21Shares is a leading provider of cryptocurrency exchange-traded products (ETPs) and has established a significant presence in Europe, now focusing on expanding into the U.S. market [3][5] - The company has a track record of innovation, having launched the world's first physically-backed crypto ETP in 2018, and offers a comprehensive suite of crypto ETPs [5][6] - 21Shares is part of 21.co, a global leader in decentralized finance, and aims to bridge traditional finance with decentralized finance [6] Sui Blockchain Features - Sui is designed to be a global coordination layer for digital assets, emphasizing speed, security, and accessibility for users and developers [5][7] - The blockchain supports a variety of applications, including consumer-facing products and institutional-grade solutions, showcasing its versatility [4][7] - Sui's architecture enables low-cost, high-speed transactions, making it suitable for both everyday users and enterprises [4][7]
Above Food Ingredients Inc. Files Interim Financial Statements
Newsfile· 2025-04-25 19:36
Core Viewpoint - Above Food Ingredients Inc. is taking significant steps to comply with Nasdaq listing requirements and is undergoing a strategic transformation towards higher-margin sectors, including Agri-Tech and Fin-Tech, following recent acquisitions that enhance profitability and market reach [1][2][4][5]. Financial Compliance and Reporting - The company will file its interim balance sheet and income statement for the period ended July 31, 2024, on April 28, 2025, to comply with Nasdaq Listing Rule 5250(c)(2) [1][6]. - The only remaining compliance issue is the closing bid price of the company's securities, which is below $1 per share [6]. Strategic Acquisitions - Above Food acquired The Redwood Group LLC in August 2024, which has positively impacted the company's profitability [3]. - The acquisition of Palm Global Technologies Inc. is expected to significantly enhance the company's revenue run-rate, currently at approximately $200 million CAD, and improve profitability [5]. Corporate Transformation - The company has undergone substantial restructuring, eliminating most of its corporate debt and transitioning its operations into profitability [4]. - The strategic focus on Agri-Tech, Fin-Tech, Ed-Tech, and Asset Tokenization is aimed at expanding the company's market presence in regions such as Latin America, Africa, and Asia [5][8]. Company Overview - Above Food Ingredients Inc. is dedicated to producing nutritious food products with a focus on transparency and sustainability, leveraging advanced technologies in agriculture and processing [7]. - Palm Global is recognized for its innovative solutions in financial inclusion and agri-tech, utilizing AI and blockchain technologies to empower farmers and enhance food security [8].
🔓 Cardano’s Smart Contracts: Unlocking the Future of Blockchain 🚀🧠 | Crypto book
Crypto Book· 2025-04-07 18:57
Industry Impact - Cardano smart contracts are poised to revolutionize industries like real estate and supply chains by 2025 [1] - The technology offers faster, cheaper, and more eco-friendly contract execution [1] - Cardano smart contracts are rewriting blockchain rules, fostering trustworthy and efficient digital agreements [2] Technological Advantages - Cardano's unique approach ensures secure and transparent transactions [1] - The technology empowers access to efficient digital agreements [2]
🔗 Solana’s Scalability 🚀 The Future of DeFi is Here! | Crypto book
Crypto Book· 2025-04-06 20:54
Decentralized Finance (DeFi) Innovation - Solana is revolutionizing DeFi with its high transaction speed and low fees [1] - Solana achieves 65,000 transactions per second [1] - Transaction fees on Solana are fractions of a cent [1] - Solana's scalability enables DeFi applications to operate efficiently [1] Market Accessibility and Growth - Solana is making DeFi accessible to a broader audience [2] - As the DeFi sector expands, Solana is positioned to grow concurrently [2] - Solana is creating a new landscape for the future of finance [2]