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Nextech3D.ai Partners with BitPay to Power Crypto and Stablecoin Payments for Events
Accessnewswire· 2026-01-16 12:30
Core Insights - The company has completed its integration with BitPay, enhancing its blockchain payment capabilities [1] - Significant backend infrastructure upgrades have been made to strengthen the company's Phase 2 Blockchain Suite [1] - The upgraded infrastructure supports the company's flagship platforms: KraftyLab, Map D, and Eventdex [1] Company Developments - The integration with BitPay positions the company as a leader in blockchain payment services within the live event solutions sector [1] - The enhancements to the blockchain infrastructure are aimed at optimizing AWS cloud capabilities and ensuring smart contract uniformity [1] - The company is focusing on flexible asset standards, specifically ERC721 and ERC1155, to improve its service offerings [1]
Proem Acquisition(PAACU) - Prospectus(update)
2026-01-15 22:28
As filed with the Securities and Exchange Commission on January 15, 2026. Registration No. 333-292217 (I.R.S. Employer Identification Number) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ––––––––––––––––––––––––––––––––––––––– AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ––––––––––––––––––––––––––––––––––––––– Proem Acquisition Corp I (Exact name of registrant as specified in its charter) ––––––––––––––––––––––––––––––––––––––– | Cayman Islan ...
What's Going On With State Street Stock Today? - State Street (NYSE:STT)
Benzinga· 2026-01-15 17:45
Core Viewpoint - State Street Corporation has launched a new digital finance infrastructure aimed at bridging traditional and blockchain ecosystems, which is expected to enhance its position in the tokenized asset services market [1][3]. Financial Performance - Analysts anticipate State Street will report quarterly earnings of $2.84 per share, an increase from $2.60 per share in the same period last year [2]. - The consensus estimate for quarterly revenue is $3.62 billion, up from $3.41 billion a year earlier [2]. Digital Asset Platform Features - The Digital Asset Platform is designed to support tokenized assets, including tokenized ETFs, money market funds, and cash products, providing wallet management, custodial support, and cash handling tools [3]. - The platform aims to facilitate the development and operation of tokenized products across public and private permissioned blockchains while ensuring a seamless connection to existing financial systems [4]. Security and Compliance - The platform incorporates enhanced security, operational controls, and on-chain compliance tools to ensure secure access to tokenized products for institutional clients [4]. - The ongoing evolution of the platform will align with regulatory expectations and market needs, as stated by the chief product officer [6]. Strategic Commitment - State Street's initiative reflects its commitment to assist clients in navigating the rapidly evolving digital asset sector, leveraging expertise from its global business and investment management teams [7]. - The launch is seen as a significant step in State Street's digital asset strategy, moving from experimentation to practical, scalable solutions [5].
What's Going On With State Street Stock Today?
Benzinga· 2026-01-15 17:45
Core Insights - State Street Corporation has launched a new digital finance infrastructure aimed at bridging traditional and blockchain ecosystems, which has positively impacted its stock performance [1][7] Financial Performance - Analysts expect State Street to report quarterly earnings of $2.84 per share, an increase from $2.60 per share in the same period last year [2] - The consensus estimate for quarterly revenue is $3.62 billion, up from $3.41 billion a year earlier [2] Digital Asset Platform - The new Digital Asset Platform is designed to support tokenized assets, including tokenized ETFs, money market funds, and cash products [3] - The platform includes features such as wallet management, custodial support, and cash handling tools [3] Institutional Support - The platform aims to assist institutions in developing and operating tokenized products across public and private permissioned blockchains, while ensuring a seamless connection to existing financial systems [4] - Enhanced security, operational controls, and on-chain compliance tools are integral to the platform's design [4] Executive Insights - Joerg Ambrosius, president of investment services at State Street, emphasized that this launch signifies a shift from experimentation to practical, scalable solutions [5] - Donna Milrod, chief product officer, noted the importance of reliable, interoperable, and safe digital infrastructure for clients [5] Strategic Commitment - State Street's platform reflects its commitment to helping clients navigate the evolving digital asset sector, leveraging expertise from its global business [7]
Canaan (NasdaqGM:CAN) FY Conference Transcript
2026-01-15 16:17
Summary of Canaan Inc. Conference Call Company Overview - **Company Name**: Canaan Inc. - **Ticker**: CAN - **IPO Year**: 2019 - **Industry**: Cryptocurrency and Bitcoin mining equipment manufacturing - **Headquarters**: Singapore - **Employee Count**: Over 20 in the U.S. as of 2021, with operations in various states [4][5] Key Financial Highlights - **Q3 Revenue**: $150 million, exceeding guidance of $125-$145 million - **Year-over-Year Revenue Growth**: 104% - **Quarter-over-Quarter Revenue Growth**: 50% - **Gross Profit**: $16.6 million, representing 79% quarter-over-quarter growth - **Operating Loss**: Narrowed to $23.9 million - **Bitcoin Treasury**: 1,610 Bitcoins as of October 30th, 2025 - **Average Selling Price for Machines**: $11.80 per terahash per second - **Fourth Quarter Revenue Guidance**: $175 million - $205 million [13][14][29] Product and Market Position - **ASIC Development**: Developed 16 generations of ASICs, leading to high efficiency and computing power [7][8] - **Market Share**: Positioned as the second provider in terms of hash rate delivered, gaining market share due to durable machines and transparency as a public company [41] - **Sales Channels**: Products sold in 86 countries through online and offline channels [10] - **Self-Mining Operations**: Generated revenue from both machine sales and self-mining, with a self-mining gross margin of 26.3% [10][20] Strategic Initiatives - **Vertical Integration**: Focus on ASIC design, manufacturing, and self-mining to manage inventory and cash flow [10][12] - **HODL Policy**: Bitcoin mined is used to cover expenses, with the remainder held on the balance sheet [11][25] - **Joint Ventures**: Collaborations with third parties for self-mining operations, including a 20-megawatt hosting agreement in Texas [25][26] - **Sustainability Initiatives**: Projects like gas-to-computing pilot in Alberta and greenhouse heating solutions to recycle heat from mining operations [21][27] Industry Dynamics - **Regulatory Environment**: The current regulatory landscape is more favorable compared to the time of the IPO [4] - **Market Competition**: Increasing competition in the Bitcoin mining market, with a focus on maintaining operational efficiency and customer relationships [22][36] - **Power Market Trends**: The shift towards AI data centers may impact Bitcoin mining power availability, but mining operations have established relationships with power providers [36][40] Risks and Challenges - **Tariff Risks**: Potential changes in tariffs could impact competitiveness, but U.S. manufacturing helps mitigate these risks [13][33] - **Market Volatility**: Bitcoin price fluctuations can affect mining profitability and operational decisions [22][39] Additional Insights - **Customer Preferences**: U.S. customers prefer machines assembled in the U.S. to avoid tariff issues [13][34] - **Home Mining Solutions**: Introduction of consumer-friendly mining equipment aimed at individual users and small businesses [15][19] - **Future Outlook**: Anticipation of continued growth in Bitcoin mining and machine sales, with a focus on innovation and sustainability [24][27] This summary encapsulates the key points discussed during the conference call, highlighting Canaan Inc.'s financial performance, strategic initiatives, market position, and industry dynamics.
State Street Launches Digital Asset Platform to Power Tokenized Finance
Businesswire· 2026-01-15 16:15
Core Insights - State Street has launched its Digital Asset Platform, which aims to bridge traditional and digital finance, providing a secure infrastructure for tokenized assets [1][4] - The platform is designed to support the development of tokenized Money Market Funds, ETFs, and cash products, including tokenized deposits and stablecoins [1][4] Group 1: Platform Features - The Digital Asset Platform includes wallet management, custodial, and cash capabilities, facilitating tokenized product development across various jurisdictions [3] - Enhanced security and operational compliance controls are integrated with existing systems, ensuring secure access for institutional clients [3] Group 2: Strategic Importance - The launch signifies a shift from experimentation to practical, scalable solutions that meet high security and compliance standards [4] - The platform is built on a client partnership model, allowing for ongoing evolution in response to market needs and regulatory expectations [4] Group 3: Company Overview - State Street Corporation is a leading provider of financial services to institutional investors, with $51.7 trillion in assets under custody and/or administration and $5.4 trillion in assets under management as of September 30, 2025 [6][7] - The company operates globally in over 100 markets and employs approximately 52,000 people [6]
Alpha Edge Media Acquires Crypto Newsletter Coinstack, Adding 340,000 Subscribers
Globenewswire· 2026-01-15 13:30
Core Insights - Aether Holdings, Inc. has acquired Coinstack, a prominent institutional crypto newsletter and media platform, enhancing its reach into the institutional digital asset markets [1][4] - Coinstack has over 340,000 subscribers, including hedge funds, venture capital firms, and family offices, providing curated insights on Bitcoin, Ethereum, and broader blockchain trends [2][4] - The acquisition is part of Aether's strategy to build complementary fintech and media assets that improve investor engagement and data monetization [5] Company Overview - Alpha Edge Media, a subsidiary of Aether Holdings, focuses on delivering independent analysis and actionable research for self-directed investors through a network of expert-led newsletters [6] - Aether Holdings aims to advance how investors access and analyze market information by combining advanced analytics and user-centric design [8] - The company is dedicated to enhancing the investing experience by providing sophisticated insights across the global financial ecosystem [10]
Beeline CEO Publishes Letter to Shareholders
Globenewswire· 2026-01-15 13:30
PROVIDENCE, R.I., Jan. 15, 2026 (GLOBE NEWSWIRE) -- via IBN – Beeline Holdings, Inc. (NASDAQ: BLNE), a digital mortgage lender offering conventional mortgage products and alternative mortgage solutions for borrowers who do not meet traditional underwriting standards, alongside home equity products leveraging blockchain-enabled technology, today announced that the Company’s CEO has published a letter to shareholders. The full text of the shareholder letter is below: Dear Fellow Shareholders: Beeline Holdings ...
Applied Digital Appoints Co-Founder Jason Zhang as President
Globenewswire· 2026-01-15 13:00
Core Insights - Applied Digital has appointed Jason Zhang as President, formalizing his leadership role as the company scales its AI Factory platform [1][2] - The appointment reflects Mr. Zhang's long-standing influence on the company's strategy and growth trajectory, working closely with co-founder Wes Cummins [2][3] - Mr. Zhang has a strong background in technology investment, having previously worked at Sequoia Capital and founded Valuefinder [3] Company Overview - Applied Digital designs, builds, and operates high-performance, sustainably engineered data centers for AI, cloud, networking, and blockchain workloads [4] - The company was founded in 2021 and is headquartered in Dallas, TX, recognized as the Best Data Center in the Americas 2025 by Datacloud [4] - Applied Digital utilizes proprietary waterless cooling and rapid deployment capabilities to deliver secure and scalable compute solutions [4]
Crypto Billionaire Changpeng Zhao Says People Are 'Guaranteed To Lose Money' If They Blindly Buy Memecoins Based On His X Posts
Yahoo Finance· 2026-01-15 12:31
Core Viewpoint - Changpeng "CZ" Zhao, co-founder of Binance, cautioned followers against investing in random memecoins inspired by his social media posts, emphasizing that such actions are likely to result in financial losses [2][3]. Group 1: CZ's Warning - CZ stated that while he is not against memecoins, individuals are "guaranteed to lose money" if they impulsively invest in every coin created based on his tweets [2][3]. - He clarified that his tweets are often made in jest and not intended to promote any specific memecoin [2][3]. Group 2: Historical Context - CZ's social media activity has previously triggered significant memecoin trends, such as the creation of tokens named after his dog, which saw one token, CZ's Dog (BROCCOLI), drop over 85% since its launch [4]. - In 2024, CZ expressed concerns about the rise of memecoins, urging the cryptocurrency community to focus on developing meaningful blockchain applications instead [5]. Group 3: Investment Strategy - CZ suggested that instead of investing in memecoins, individuals should consider holding BNB and contributing to the BNB Chain ecosystem [3]. - He has not launched any official token related to himself, indicating a preference for building rather than speculative trading [5].