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Faraday Future To Spin Off Crypto Assets: Investor Takeaways
Benzinga· 2025-09-17 13:00
Executive Summary - Faraday Future Intelligent Electric (FFAI) has approved a plan to spin off its Crypto Flywheel assets into a separately listed company called CXC10, which will enhance investor visibility and fundraising opportunities for both entities [1]. Spin-Off Details - The spin-off will separate the core EV business from the crypto venture, allowing each to focus on its specific operational and capital requirements [3][7]. Strategic Rationale - The two businesses lack synergies, and the separation aims to clarify the narrative for investors, particularly appealing to institutional investors who may have been skeptical of the mixed business model [3]. Business Outlook - Faraday Future's EV business has yet to generate revenue but is showing signs of narrowing operational losses, with plans for FX Super One deliveries to start by the end of 2025 in the U.S. [4]. - CXC10 currently holds approximately US$10 million in digital assets through its C10 Treasury program, with ambitions to expand into a broader Web3 ecosystem, although execution risks remain high [4]. Valuation Implications - The spin-off could unlock value for both businesses, allowing Faraday to trade on traditional auto/tech multiples while CXC10 may achieve a premium valuation in the current bullish cryptocurrency environment [5]. Additional Details - CXC10 will house Faraday Future's crypto assets, while the parent company will retain its focus on EV and mobility initiatives [7]. - The transaction's tax status is not disclosed, and further details are expected on September 19, 2025 [7]. - The separation aims to reduce investor confusion, enable independent fundraising for CXC10, and provide operational clarity with dedicated governance and compliance structures [7].
BIGG Digital Assets Reports H1 2025 Results: Netcoins Growth Fuels Improved Financial Performance
Globenewswire· 2025-09-17 13:00
VANCOUVER, British Columbia, Sept. 17, 2025 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W), a leading innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, announced financial results for the first half of the year, ended June 30, 2025. Q2 & H1 2025 Highlights Q2 revenue of CAD $2.66 million, up from CAD $2.40 million in Q2 2024.H1 2025 revenue of CAD $5.38 million, compared to CAD $4.62 mill ...
X @LBank.com
LBank.com· 2025-09-17 12:58
🎙️Unibase: Bridging AI + Web3 with Memory, Agents & Decentralized Intelligence📅 Sep 18, 2025 | 🕐 12:00 PM UTC🎙️ Host:@LBank_Exchange🤝 Co-Host:@xmuha0🎤 Guest:@Unibase_AI📰 Media Observers:@cryptodotnews & @CoinGapeMedia👉 Set a reminder:https://t.co/LX6K9E2waV#LBankSpaces #Unibase #AI #Web3 #Crypto ...
X @Starknet
Starknet 🐺🐱· 2025-09-17 12:03
We built Starknet to give builders the power to build apps people actually use.- 1,000+ TPS (scaling to 10k+) with ultra-low fees- Web2 UX with Web3 security- Ethereum and Bitcoin on a single layerThe best time to build was yesterday. The next best is now. ...
X @CryptoJack
CryptoJack· 2025-09-17 11:00
Long-term success in #Web3 comes from product obsession, not token speculation. ...
X @BSCN
BSCN· 2025-09-17 10:40
RT BSCN (@BSCNews)🧠 DEEPDIVE ANALYSIS: $CELIA - From humble beginnings, can @Celia_Finance rise to dominate the crypto space with a growing suite of Web3 products...? https://t.co/5h8S2bQnQY ...
X @MEXC
MEXC· 2025-09-17 10:24
RT MEXC South Asia (@MEXC_SouthAsia)#MEXCFoundation x @Build3DAOWe’re coming to IGDTUW, New Delhi to inspire & educate the next generation of women leaders in Web3.Empower Communities. Shape the Future. ✨📅 Sept 25 | 2–5 PM IST📍 Indira Gandhi Delhi Technical University for WomenRegister now 👉 https://t.co/inTOvII0MZ#MEXC #MEXCEventRocks #WomenEmpowerment ...
X @LBank.com
LBank.com· 2025-09-17 09:23
RT LBank Labs (@LBankLabs)🌐 LBank Labs is coming to Bahrain! 🚀Join us for an exclusive Web3 Networking Meetup in Manama, bringing together blockchain professionals, builders, and enthusiasts for an evening of connection and ideas.📅 September 25, 2025 | 19:00 to 22:00 GMT+3📍 Manama, Bahrain⚡ RSVP now: https://t.co/cneOtmpmPgSeats are limited, secure yours today!Disclaimer: This event is purely for networking and does not provide financial advice or investment services. ...
千循科技盘中涨超7% 公司拟斥资2500万港元收购朋克代码科技100%股权
Zhi Tong Cai Jing· 2025-09-17 05:52
公告显示,目标公司为一家创立于香港的Web3金融科技公司,创始团队主要来自于腾讯公司。董事会 认为,潜在收购事项使集团能够于区块链钱包场景应用领域开展全新的业务发展,加上现时区块链钱包 场景应用于全球也正高速发展。另外,亦可扩大集团的客户基础及巩固行业领先地位。董事会相信,若 潜在收购事项得以落实,将有效强化集团的核心竞争壁垒并为长期股东价值提升创造战略支点及回报。 消息面上,千循科技公告,已就潜在收购事项签订不具法律约束力的谅解备忘录,将以不超过2500万港 元的价格收购Web3金融科技公司Punk Code Limited(朋克代码)100%的股权。据悉,千循科技基于其海 外二手数码交易的业务场景,拟探索基于区块链技术的新金融科技产品—区块链钱包,打造二手数码行 业定制的区块链支付解决方案。 千循科技(01640)盘中涨超7%,截至发稿,涨5.29%,报4.98港元,成交额1024.24万港元。 ...
港股异动 | 千循科技(01640)盘中涨超7% 公司拟斥资2500万港元收购朋克代码科技100%股权
智通财经网· 2025-09-17 05:46
Core Viewpoint - Qianxun Technology (01640) has signed a non-binding memorandum of understanding for a potential acquisition of 100% equity in Web3 fintech company Punk Code Limited for no more than 25 million HKD, aiming to explore blockchain-based financial technology products [1] Group 1: Acquisition Details - The acquisition price for Punk Code Limited is set at a maximum of 25 million HKD [1] - Punk Code Limited is a Web3 fintech company founded in Hong Kong, with a founding team primarily from Tencent [1] Group 2: Strategic Implications - The board believes that the acquisition will enable the company to develop new business in the blockchain wallet application area, which is experiencing rapid global growth [1] - The acquisition is expected to expand the company's customer base and strengthen its leading position in the industry [1] - The board is confident that if the acquisition is realized, it will effectively enhance the company's core competitive barriers and create strategic leverage for long-term shareholder value enhancement [1]