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Tron Inc. Reports Record Third Quarter 2025 Results
Globenewswire· 2025-11-12 13:30
Core Insights - Tron Inc. reported a net income of $12,174,266 for the third quarter of 2025, a significant improvement from a net loss of $1,128,872 in the same period last year [3] - The company ended the quarter with over $239 million in shareholders' equity, bolstered by a strong asset base including cash, cash equivalents, and investments in TRON tokens (TRX) and Staked TRX tokens (sTRX) [3] - An additional $110 million investment from its largest shareholder was made during the quarter, enhancing the company's balance sheet and long-term growth potential [4] - Management attributed the strong performance to a disciplined cost structure, low cash burn rate, and strategic investments in high-growth digital assets [5] - The CEO emphasized the strength of the company's digital asset strategy and ongoing efforts to drive growth and deliver long-term value for shareholders [6] Financial Performance - The net income for the third quarter of 2025 was $12,174,266, compared to a net loss of $1,128,872 in the same quarter of the previous year [3] - Shareholders' equity reached over $239 million, indicating a robust financial position [3] Strategic Investments - The company expanded its TRX holdings through a $110 million investment from its largest shareholder, which is expected to strengthen its balance sheet [4] - Management's focus on strategic investments in high-growth digital assets is seen as a key driver of the company's strong financial performance [5] Company Overview - Tron Inc. is positioned at the forefront of blockchain innovation, entertainment, and digital asset management, with a commitment to transparency and decentralized finance [6] - The company also designs and manufactures custom merchandise for major theme parks and entertainment venues, leveraging popular entertainment franchises [6]
Morgan Stanley integrates KKR-backed Corastone platform
Yahoo Finance· 2025-11-12 13:24
Morgan Stanley has integrated Corastone, a transaction-processing platform backed by KKR & Co., into its wealth management technology stack, reported Bloomberg. This platform will digitise investor onboarding and automate validation steps that previously relied on manual paperwork. Corastone uses blockchain-based infrastructure to centralise documentation and standardise data exchange between distributors and fund administrators. With the integration, Morgan Stanley aims to speed up subscriptions and re ...
OOB Token Debuts on Kraken Following VCIG's US$100 Million Acquisition
Globenewswire· 2025-11-12 13:23
Core Insights - VCI Global Limited has announced the debut of the OOB Token on Kraken, following a US$100 million acquisition of OOB tokens, marking a significant milestone in its digital treasury initiative [1][3] - The OOB Token aims to bridge real-world payments with institutional trust, integrating regulated capital markets with blockchain liquidity [1][2] Company Overview - VCI Global is focused on developing and scaling platforms across various sectors, including artificial intelligence, encrypted data infrastructure, and digital treasury systems [5][6] - The company positions itself as a cross-sector platform builder, enabling enterprises and institutions to capture opportunities in the evolving digital economy [6] Strategic Partnerships - The partnership with Tether as a strategic shareholder enhances liquidity and credibility for the OOB Token, while Kraken provides global access and integrity in the digital asset market [2][4] - Additional ecosystem supporters include Solana Co-Founder Anatoly Yakovenko and CMCC Global, further strengthening the OOB Token's market position [4] Treasury Management Framework - VCI Global's Treasury Management role ensures that OOB operates with transparency and liquidity, implementing staking and burn mechanisms to control circulation [3][5] - The oversight framework aims to deliver measurable utility in both cross-border and everyday transactions, enhancing the token's value for users and investors [3][5]
USDC Issuer Circle Reports $740M Revenue in Q3, Beating Analyst Forecasts
Yahoo Finance· 2025-11-12 12:39
USDC stablecoin issuer Circle reported $740 million in revenue and reserve income for Q3, surpassing analyst forecasts with a 66% year-on-year increase. "Circle continued to see accelerating adoption of USDC and our platform in the third quarter as we build the new Economic OS for the internet,” said Circle Co-Founder and CEO Jeremy Allaire, in a press release. He pointed to the successful launch of the Arc public testnet in October, with participation from over 100 companies including BlackRock, Visa, G ...
X @Bloomberg
Bloomberg· 2025-11-12 12:32
Franklin Templeton has plugged its blockchain infrastructure into the bank-backed Canton Network in a bid to broaden the use of its tokenized funds by institutional investors https://t.co/yVosEum2Eg ...
Circle CEO Jeremy Allaire on Q3 results: We're building a full stack internet platform business
CNBC Television· 2025-11-12 12:25
The Circle posting quarterly results. The circulation of its USDC more than doubling from a year earlier. Joining us right now first on CNBC is Circles CEO Jeremy Aair.Good morning. We were just talking about how you beat topline, bottom line. This is maybe what happens when you have a good company but also an emerging technology that is uh the hottest play.And by the way, right now you are the real way and really maybe the only way to really get great exposure to this world. So, let's talk about what's goi ...
X @THE HUNTER ✴️
GEM HUNTER 💎· 2025-11-12 12:00
Imagine every blockchain speaking the same language of time.That’s @OneAnalog.THE HUNTER ✴️ (@TrueGemHunter):Been digging into @OneAnalog lately 👇It’s not a Layer 1, not a Layer 2 it’s the Layer 0 Timechain that ties it all together.Moving data and liquidity across chains with zero bridges.Analog might just become the backbone of Web3. https://t.co/XJMGARkCgG ...
JPMorgan Expands Blockchain Efforts With JPM Coin
PYMNTS.com· 2025-11-12 11:53
Core Insights - J.P. Morgan Chase has launched a deposit token called JPM Coin aimed at institutional customers, representing dollar deposits with the bank [1][2] - The introduction of JPM Coin is part of a broader trend among financial institutions to enhance their digital asset offerings [2][4] Digital Asset Expansion - The JPM Coin allows users to send and receive money using the Base blockchain, which is associated with Coinbase, facilitating payments that process within seconds and operate 24/7 [2][3] - The launch follows a successful trial run in collaboration with companies like Mastercard, Coinbase, and B2C2, with plans to eventually expand the token's availability to J.P. Morgan's clients' customers and other currencies and blockchains [3][4] Market Context - The launch coincides with increased experimentation with digital assets by other financial institutions such as Citigroup, Santander, Deutsche Bank, and PayPal [4] - This initiative follows the introduction of the GENIUS Act in the U.S., which regulates stablecoins, highlighting the growing interest in digital currencies [4] Stability and Trust - Deposit tokens like JPM Coin are digital representations of traditional bank deposits, backed 1-to-1 by fiat currency, providing stability and reliability compared to volatile cryptocurrencies [5][6] - The backing by real-world assets enhances trust and security, which is essential for mainstream financial transactions [5][6] Regulatory Compliance - As deposit tokens are issued by regulated banks, they comply with stringent regulatory frameworks, addressing concerns about the adoption of digital currencies [6] - This compliance offers assurance to consumers and businesses, making deposit-based products a compelling alternative for institutional clients [7]
X @LBank.com
LBank.com· 2025-11-12 11:48
Event Overview - LBank Labs hosts an educational series and networking event [1] - The event focuses on "The Evolution of Money: From Gold to Assets Running on Blockchain" [3] - The event will be held in Dubai, United Arab Emirates on November 27, 2025, from 19:00 to 21:00 (UTC+4) [3] Risk Disclosure - The session is for educational and informational purposes only and does not constitute financial, investment, or legal advice [2] - Cryptocurrency is a high-risk asset class and may not be suitable for all investors [2] - Individuals should conduct their own research and consult with a licensed advisor [2] Registration - Registration is required via the provided link [3]
X @Cointelegraph
Cointelegraph· 2025-11-12 11:31
🚨 ALERT: Bybit reveals 16 major blockchains have hidden code that can freeze user funds. https://t.co/kiFheBZCd2 ...