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TROOPS, Inc. (Nasdaq: TROO) Announces Update on Hong Kong High Court Judgment and Explores Strategic Legal Options to Safeguard Shareholder Interests
Prnewswire· 2025-07-02 20:30
Core Viewpoint - TROOPS, Inc. has received a judgment from the High Court of Hong Kong, which imposes significant financial liabilities on the company and its subsidiaries [3][4]. Legal Proceedings - On August 9, 2022, TROOPS, Inc. and its subsidiaries were served with a writ of summons and injunctions that restricted asset disposal [2]. - The High Court's judgment on June 23, 2025, holds the company and its subsidiaries jointly and severally liable for payments totaling HK$163,400,000 and HK$241,400,000 [3]. - The company intends to appeal the judgment and is exploring legal options to rectify the situation [6][7]. Management's Response - Management expressed disappointment with the court's ruling, attributing it to allegations from FTI Consulting regarding a disputed restructuring plan [5]. - The company plans to mobilize shareholders for a class-action lawsuit against FTI Consulting for malicious prosecution [7]. Company Overview - TROOPS, Inc. operates in various sectors, including money lending, property investment, and financial technology solutions [8].
X @Messari
Messari· 2025-07-02 17:34
TEEs are turning privacy + performance into default blockchain infrastructure.Messari deep dive 👇cereal_killer (@FBitach):TEEs are becoming core to blockchain infra.Projects like @iEx_ec, @OasisProtocol, and @PhalaNetwork use TEE tech for confidential, verifiable computation at scale.Here’s why this matters 👇🔒 https://t.co/FPkCkJ2THD ...
X @CoinDesk
CoinDesk· 2025-07-02 16:08
Ethereum's @VitalikButerin warned a packed audience at @EthCC that the blockchain is at risk if decentralization remains just a catchphrase, @cryptauxmargaux reportshttps://t.co/EBUOjmkSTV ...
X @Token Terminal 📊
Token Terminal 📊· 2025-07-02 15:52
a chain is only as good as the app ecosystem that's running on top of it 🫡📊 https://t.co/fTUVaJFdze ...
X @Cointelegraph
Cointelegraph· 2025-07-02 15:45
🚨 LIVE NOW: ETHEREUM’S NEXT MOVELONGITUDE Cannes – During @EthCC Week 🇫🇷With:• Paul Brody (@pbrody), Global Blockchain Lead, Ernst & Young• Ambre Soubiran (@ambresoub), CEO, Kaiko• Marc Boiron (@0xMarcB), CEO, Polygon• Sebastien Borget (@borgetsebastien), Co-founder, The SandboxFrom scaling and infrastructure to on-chain data and adoption, the future of Ethereum is on stage now.Welcome to LONGITUDE. ⚡️ ...
X @Ripple
Ripple· 2025-07-02 14:41
RT OpenPayd (@OpenPayd)Big news 🗞️... OpenPayd x @RippleWe’re working together to embed OpenPayd’s universal financial infrastructure with Ripple’s enterprise-grade stablecoin and blockchain network. The result? Faster, simpler, more transparent global payments. 🌍💸What’s launching:🔹 EUR & GBP virtual IBANs for Ripple Payments - real-time money movement🔹 Mint & burn RLUSD for OpenPayd clients - seamless fiat ↔ stablecoin conversionWhy it matters:🔄 Embedded payments functionality at scale⚡ Instant USD liquidi ...
Eyenovia Announces Rebranding and Corporate Name Change to Hyperion DeFi, Inc.
Globenewswire· 2025-07-02 12:00
Core Viewpoint - The company is rebranding to Hyperion DeFi, Inc. and will begin trading under the ticker symbol "HYPD" on Nasdaq effective July 3, 2025, reflecting its focus on a cryptocurrency treasury reserve strategy centered around the HYPE token [2][3][4]. Company Overview - Hyperion DeFi, Inc. is the first publicly listed U.S. company to build a strategic treasury of HYPE, the native token of the Hyperliquid protocol [2][6]. - The company aims to provide shareholders with simplified access to the Hyperliquid ecosystem, which is recognized as one of the fastest-growing and highest revenue-generating blockchains globally [6]. Strategic Initiatives - The name change signifies a new vision for the company, emphasizing its potential to become the largest holder of the HYPE token and a leader in cryptocurrency-based treasury assets [4]. - The company has launched the Kinetiq x Hyperion validator, which is now live, and has begun staking its HYPE holdings to generate yield [4][6]. Product Development - Hyperion DeFi is also developing the Optejet User Filled Device (UFD), designed for various topical ophthalmic liquids, which aims to improve treatment compliance and outcomes for patients with chronic eye diseases [7].
Digital Asset Technologies Appoints Alexander Kravets to Advisory Board
Globenewswire· 2025-07-02 11:30
Core Insights - Digital Asset Technologies Inc. (DATT) has appointed Alexander Kravets to its Advisory Board, enhancing its expertise in digital assets and blockchain technology [1][5]. Group 1: Company Overview - Digital Asset Technologies Inc. is a publicly traded investment issuer focused on equity investments in global technology companies [6]. - The company has entered the blockchain technology sector through its portfolio company, LiquidLink AI Corp., which focuses on real-world asset tokenization and decentralized infrastructure [6]. Group 2: Advisory Board Appointment - Alexander Kravets has a strong background in Wall Street trading, fintech innovation, and cryptocurrency market leadership, having founded the U.S. operations of CEX.IO [2]. - Under Kravets's leadership, CEX.IO grew its U.S. business by over 1,100% in three years and secured more than 30 Money Transmission Licenses [2]. - CEX.IO now serves 15 million users across 220 countries, with daily trading volumes reaching up to $600 million [3]. Group 3: Strategic Initiatives - At DATT, Kravets will assist in sourcing and structuring digital asset flows for LiquidLink's Bitcoin Lightning Network nodes and Interledger Protocol nodes [4]. - The transactions will involve Bitcoin, stablecoins, and tokenized real-world assets, structured as loans and revenue-sharing agreements [4]. - The CEO of DATT, Marcus Ingram, emphasized that Kravets's experience will be invaluable as the company expands LiquidLink's capabilities [5].
X @Cointelegraph
Cointelegraph· 2025-07-02 10:51
🔍 INSIGHT: @AlgoFoundation joins @Wormhole’s multichain NTT network, enabling native token transfers across 40+ blockchains, without wrapping.Built with @FolksFinance, this upgrade boosts liquidity, simplifies UX, and sets the stage for Algorand’s cross-chain DeFi expansion.[Brought to you by @AlgoFoundation] ...
X @The Block
The Block· 2025-07-02 08:18
Circle unveils Gateway to unify USDC stablecoin access across multiple blockchains https://t.co/T9WkBP3o0n ...