Core Viewpoint - The cryptocurrency market is experiencing a resurgence, with Bitcoin reaching new all-time highs and Ethereum showing significant price movement, indicating a favorable environment for digital assets [1][2]. Group 1: Favorable Environment - The U.S. House of Representatives has initiated "Crypto Week" to pass three bills aimed at creating a more favorable regulatory environment for cryptocurrencies [3]. - The Genius Act aims to establish a regulatory framework for stablecoins, while the Digital Asset Market Clarity Act seeks to provide regulatory certainty for digital assets. The Anti-CBDC Surveillance State Act would prevent the Federal Reserve from issuing its own digital currency, favoring private sector innovation [5]. - Lower interest rates are anticipated, which historically benefit cryptocurrencies, with expectations of Federal Reserve rate cuts later this year and into 2026 [6]. Group 2: Institutional Interest - As the regulatory landscape improves, institutional investors are becoming more interested in cryptocurrencies, with Ethereum also attracting attention alongside Bitcoin [7]. - SharpLink Gaming recently purchased nearly $48.9 million worth of Ethereum, and Bitmine Immersion Technologies announced a $250 million private placement aimed at acquiring Ethereum [8]. - Interest in stablecoins, particularly Tether and USDC, which are issued on Ethereum's network, is expected to drive demand for Ethereum significantly, with projections suggesting a potential market growth from $250 billion to $2 trillion [9]. Group 3: Valuation Metrics - Valuing cryptocurrencies remains challenging, but the Ethereum-to-Bitcoin ratio, currently at approximately 0.025, suggests that Ethereum may be undervalued and positioned for growth [10][11]. - Historical data indicates that while the ratio is not at its lowest, it is on the lower end, suggesting potential for Ethereum to close the gap with Bitcoin [11].

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Group 1 - Asia Broadband Inc. (AABB) will begin distributing a stock dividend of 1 share for every 35 shares owned to shareholders of record on July 10, 2025, totaling over 100 million restricted common shares [1] - The majority of shareholders will receive the dividend shares through brokers or investment firms, while registered shareholders will receive them directly by mail [1] - The company aims to reward its loyal shareholder base for their support and interest in its gold mining and digital assets operations [2] Group 2 - AABB is focused on the production of precious metals and the accumulation of physical gold holdings, leveraging its geographic expertise and industry contacts in Mexico [3] - The company has a digital assets segment, including a gold-backed cryptocurrency and unique NFT collections, aiming to establish its token as a stable and trusted standard of exchange [3] - AABB plans to release an update regarding the Phase 2 production line processing equipment deliveries from China and their integration into plant operations [2]

Core Insights - Siebert Financial Corp. has been included in the Russell 2000 Index, effective after the U.S. market closed on June 27, 2025, following the annual reconstitution of the Russell U.S. Indexes [1][3] - The inclusion reflects Siebert's strategic transformation and its focus on technology and financial innovation, including a recent $50 million at-the-market offering to support initiatives in AI, digital assets, and potential acquisitions [2][3] - The company has made a significant investment in FusionIQ to enhance its technology strategy, providing modular digital wealth solutions for advisors and clients [2][3] Company Overview - Siebert Financial Corp. is a diversified financial services company, a member of the NYSE since 1967, and was founded by Muriel Siebert, the first woman to own a seat on the NYSE [4][5] - The company operates through various subsidiaries, offering a full range of brokerage and financial advisory services, including securities brokerage, investment advisory, and insurance offerings [5] Industry Context - Russell indexes are widely utilized by investment managers and institutional investors for index funds and as benchmarks for active investment strategies, with approximately $10.6 trillion in assets benchmarked against the Russell U.S. indexes as of June 2024 [3] - FTSE Russell, the global index provider, calculates thousands of indexes that cover 98% of the investable market globally, with about $18.1 trillion benchmarked to its indexes [6]

Core Viewpoint - Cango Inc. has successfully completed the acquisition of on-rack crypto mining machines with a total hashrate of 18 Exahash per second, issuing 146,670,925 Class A ordinary shares to the sellers as part of the Share-Settled Transactions [1][2]. Group 1: Acquisition Details - The On-Rack Sales and Purchase Agreement for the Share-Settled Transactions was signed on November 6, 2024, with several amendments made leading up to the closing on June 27, 2025 [2]. - All closing conditions for the Share-Settled Transactions were satisfied or waived, including the NYSE's authorization for the supplemental listing application regarding the Class A ordinary shares [2]. Group 2: Ownership Structure - Following the completion of the Share-Settled Transactions, Golden TechGen Limited, the largest seller, now owns approximately 19.85% of Cango's total outstanding shares, while all sellers collectively own about 41.38% of the total outstanding shares before any Bonus Shares or Adjustment Shares are issued [3]. Group 3: Operational Aspects - The acquired mining machines are currently operational and located in data centers across several countries, predominantly in the U.S. Cango will continue to host these machines and has engaged a service provider for operational and maintenance services [4]. - The completion of these transactions is expected to bolster Cango's expansion and growth within the crypto asset sector [4]. Group 4: Company Overview - Cango Inc. is primarily focused on Bitcoin mining, with operations strategically located in North America, the Middle East, South America, and East Africa. The company entered the crypto asset space in November 2024, motivated by advancements in blockchain technology and the increasing adoption of digital assets [5].

Core Viewpoint - Cango Inc. has entered into the fourth amendment of its Purchase Agreement for acquiring on-rack crypto mining machines, which will be settled through the issuance of Class A ordinary shares to the sellers, with a total hashrate of 18 Exahash per second [1][2]. Group 1: Purchase Agreement Details - The Purchase Agreement was initially signed on November 6, 2024, with subsequent amendments on March 26, April 3, and June 4, 2025 [2]. - The Fourth Amendment modifies the hashrate distribution among sellers, including Golden TechGen Limited, Fortune Peak Limited, and Silver Crest Limited, and adjusts the corresponding Class A ordinary shares to be issued [2]. - Upon closing, Golden TechGen Limited is expected to own approximately 19.85% of Cango's total outstanding shares [2]. Group 2: Closing Conditions - The closing of the Share-Settled Transactions is contingent upon certain conditions that must be satisfied or waived, and the company is actively working towards meeting these conditions [3]. Group 3: Company Overview - Cango Inc. is primarily engaged in Bitcoin mining, with operations across North America, the Middle East, South America, and East Africa, having entered the crypto asset space in November 2024 [4]. - The company also operates an online international used car export business through AutoCango.com, facilitating access to high-quality vehicle inventory from China [4].

The Financial Secretary of Hong Kong, Paul Chan Mo-po, has spoken out on stablecoins! On June 15, Paul Chan Mo-po stated in a blog post titled 'Accelerate Forward, Set Sail for Steady Navigation' that after the Stablecoin Ordinance comes into effect, the Hong Kong Monetary Authority will process the received license applications as soon as possible, so that eligible applicants can carry out their business. He also revealed that Hong Kong will soon issue a second policy declaration on the development of digi ...

Financial Data and Key Metrics Changes - The company reported a revenue decline of 35% year-over-year to $14.3 million, reflecting a strategic pivot to reduce marketing spend and focus on higher quality and margin products [26] - The net loss narrowed significantly to $2.4 million from $13.1 million a year ago, marking an improvement of over $10 million [29] - Adjusted EBITDA loss improved to $3.3 million, indicating a clear path towards sustainable profitability [29] Business Line Data and Key Metrics Changes - Personal loans increased from 15% to 17% of total revenue, insurance grew from 8% to 13%, and wealth doubled to 12%, indicating a shift towards higher margin verticals [27] - Credit cards, while still the largest revenue driver at 57%, decreased from over 70%, reflecting successful diversification [9][27] Market Data and Key Metrics Changes - The company is seeing recovery in The Philippines after signing strategic partnerships with two top banks, which is expected to improve performance in the second half of the year [14] - The company has a strong cash position of $36.6 million and no debt, providing flexibility for growth and capital return options [30] Company Strategy and Development Direction - The company aims to achieve positive adjusted EBITDA in the latter part of 2025, with a revenue target of $100 million for the full year [7][30] - A focus on diversifying revenue streams into higher margin verticals like wealth and insurance is central to the strategy [8] - The company is leveraging AI to enhance operational efficiency and reduce costs, with a 26% year-over-year reduction in employee-related costs [15][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the path to profitability, emphasizing the importance of quality revenue over volume [6][23] - The company is proactively exploring opportunities in the digital asset space, aligning with its focus on expanding higher margin verticals [36][37] - Management highlighted the importance of maintaining a disciplined approach to capital allocation, particularly in light of potential market consolidation [71][72] Other Important Information - The company has implemented an RSU program to align employee incentives with shareholder interests, fostering a culture of ownership [18][19] - The company is actively working to improve visibility and credibility in the market, including onboarding a new investor relations partner [21][22] Q&A Session Summary Question: Can you talk more about the partnership with OSL and your plans for the digital asset space? - Management views the partnership as a strategic step into the digital asset space, offering enhanced user experiences and new monetization opportunities [36][37] Question: Can you discuss the margin improvement and its sustainability? - The margin expansion is attributed to a shift in revenue mix and optimization of costs, with expectations for continued sustainability [50][51] Question: What is the strategic value of the Credit Hero Club partnership with TransUnion? - The partnership enhances user engagement and approval rates, allowing for personalized recommendations based on real-time credit data [62][63] Question: How does the company view the competitive landscape evolution in Southeast Asia? - Management anticipates increased consolidation in the market, with the company well-positioned to capitalize on opportunities due to its strong cash position and market leadership [70][72]

LAS VEGAS, June 11, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) ("AABB" or the "Company") is pleased to announce the ownership and distribution dates of the shareholders stock dividend recently approved by the Company. The common share dividend will be issued on the basis of 1 dividend share for every 35 shares owned to shareholders of record or beneficial owners of the Company on July 10, 2025. The distribution of the dividend representing over 100 million restricted common shares will be proc ...

Group 1 - VersaBank will report its second quarter fiscal 2025 financial results on June 4, 2025, at 7:00 a.m. ET, followed by a conference call at 9:00 a.m. ET [1] - The conference call will feature presentations by David Taylor, President & CEO, and John Asma, CFO, with a question and answer session to follow [1] - The financial results will be released via news release at approximately 7:00 a.m. ET on the same day [1] Group 2 - For those wishing to join the conference call, registration can be done in advance for an automated call back, or participants can dial in directly [2] - A live webcast of the presentation will be available on the Bank's website and through a specific link [3] - An archived version of the webcast will be accessible for 90 days post-event, and a replay of the teleconference will be available until July 4, 2025 [4] Group 3 - VersaBank operates as a federally chartered bank in both Canada and the US, utilizing a branchless, digital business-to-business model [5] - The Bank has launched a Receivable Purchase Program funding solution aimed at underserved markets in the US, building on its success in Canada [5] - VersaBank also owns DRT Cyber Inc., a leader in cybersecurity services, and has proprietary technology for digital assets, including Digital Deposit Receipts [5]