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Mercurity Fintech Partners with Franklin Templeton to Advance Real-World Asset Tokenization with BENJI Tokens and FOBXX Fund
Globenewswire· 2025-06-17 13:00
Core Viewpoint - Mercurity Fintech Holding Inc. has announced a strategic partnership with Franklin Templeton to integrate the BENJI token and the Franklin OnChain U.S. Government Money Fund into its platform for tokenized real-world assets, aiming to bridge traditional and digital finance [1][6]. Group 1: Partnership Details - The partnership will leverage Franklin Templeton's BENJI token, which provides direct access to the regulated U.S. money market fund FOBXX, combining the stability of government-backed securities with the flexibility of digital assets [2][6]. - This collaboration aims to modernize investment access while maintaining regulatory standards, making institutional-grade financial products more accessible through blockchain technology [6]. Group 2: Operational Benefits - The blockchain-based structure of the BENJI token addresses traditional inefficiencies in money market fund operations, such as reducing settlement times and simplifying asset transfers, while ensuring regulatory compliance [3]. - Mercurity Fintech's platform will allow both institutional and retail investors to access money market opportunities, earn yields on holdings, and facilitate seamless crypto-to-fiat conversions [4]. Group 3: Company Strategy - Mercurity Fintech plans to utilize tokenized treasury products like BENJI to generate returns on capital reserves, enhancing its digital asset ecosystem [5]. - The company's subsidiary, Chaince Securities, will manage investment transactions and advisory services for these tokenized assets, providing compliant distribution and efficient market access [5][8]. Group 4: Company Background - Mercurity Fintech Holding Inc. is a fintech group that offers technology and financial services powered by blockchain infrastructure, aiming to bridge traditional finance and digital innovation [7]. - Chaince Securities, a wholly-owned subsidiary, specializes in investment banking and brokerage services, supporting the vision of integrating traditional finance with blockchain innovation [8]. Group 5: Franklin Templeton Overview - Franklin Templeton is a global investment management organization with over $1.53 trillion in assets under management as of April 30, 2025, and has extensive capabilities in various investment solutions [9].
Palantir Defies Bears, Leads S&P 500 in 2025
MarketBeat· 2025-06-16 18:51
Core Viewpoint - Palantir Technologies Inc. (PLTR) is experiencing significant stock performance, being the best-performing stock in the S&P 500, with an increase of over 89% in 2025, trading at $142.05 as of June 16, 2025 [1][2]. Group 1: Stock Performance and Market Dynamics - The immediate catalyst for PLTR's stock movement is the ongoing conflict between Israel and Iran, with speculation about the use of Palantir's technology in the region, although there is no confirmation [2]. - Institutional investment in Palantir has risen over the last three quarters, yet retail investors are primarily driving the stock's upward trend, with institutional ownership around 45% [5]. - On July 13, PLTR stock saw a trading volume of over 93 million shares, surpassing its average of 80.86 million shares, indicating strong liquidity [6]. Group 2: Company Technology and Market Position - Palantir is recognized for its data analytics capabilities, integrating data from various sources, including centralized databases like Amazon Web Services and Google Cloud, as well as decentralized systems like public blockchains [7][8]. - The company is also involved in the U.S. Department of Defense's operations and is part of the proposed Golden Dome missile defense system [3]. Group 3: Valuation and Analyst Ratings - The current P/E ratio for PLTR is 750.55, indicating a high valuation, with a consensus price target of $86.30, suggesting a potential downside of 39.54% from the current price [2][10]. - Earnings are projected to increase by about 10% over the next 12 months, but this growth may not justify the current valuation according to some analysts [11]. - Despite the high valuation, analysts note that the floor for PLTR stock is moving higher, which supports a long-term buy-and-hold strategy [12].
Spirit Blockchain Provides Clarification on Investor Relations Activities
GlobeNewswire News Room· 2025-06-16 09:00
Core Insights - Spirit Blockchain Capital Inc. has engaged CanaCom Group to develop a company awareness program aimed at the online investor community, with a contract value of $150,000 for a 12-month term starting February 3, 2025 [1] - The company has also engaged Senergy Communications Capital Inc. for investor relations services, which began on March 30, 2025, and includes the production of additional content [3] Company Overview - Spirit Blockchain Capital Inc. is a growth-oriented investment company focused on the blockchain technology sector, investing in blockchain infrastructure, cryptocurrencies, mining operations, and emerging technologies [5]
Trident Announces up to $500 Million Financing Plan for XRP Treasury and appoints Chaince Securities LLC as the strategic advisor
Globenewswire· 2025-06-12 13:20
Core Insights - Trident Digital Tech Holdings Ltd is launching an initiative to raise up to $500 million to create one of the world's first large-scale corporate XRP Treasuries, positioning itself at the forefront of decentralized financial asset integration [1][2][5] Group 1: Initiative Details - The initiative will focus on acquiring XRP tokens as long-term strategic reserves and deploying staking mechanisms to generate yield while engaging deeply within the Ripple ecosystem [2] - Capital will be raised through a mix of equity issuance, strategic placements, and structured financing instruments, with discussions ongoing with leading crypto foundations and institutional partners for favorable token acquisition terms [3] Group 2: Implementation Timeline - The initial rollout of the XRP Treasury is planned for the second half of 2025, contingent on regulatory compliance and market conditions, with ongoing updates to be provided on deployment milestones and governance frameworks [4] Group 3: Company Vision and Commitment - The company emphasizes its commitment to transparency, strong governance, and strategic foresight, viewing digital assets as key enablers in the evolution of the global financial landscape [5] - Trident aims to demonstrate how public companies can responsibly participate in the development of decentralized finance through this initiative [5] Group 4: Company Overview - Trident is a leading catalyst for digital transformation in technology optimization services and Web 3.0 activation, based in Singapore, offering digital solutions to enhance client experiences [6] - The company's flagship product, Tridentity, is a secure blockchain-based identity solution aimed at providing secure authentication capabilities across various industries [7]
VivoPower Announces Key Leadership Recruits
Globenewswire· 2025-06-12 12:45
Suneet Wadhwa, ex Ripple Head of Investments, joins Board of Advisors David Mansfield, ex VinFast CFO, has joined as group CFO Keith Loose, ex Block.one blockchain and tech infrastructure leader, has joined as group CTO LONDON, June 12, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) is pleased to announce key executive leadership appointments, namely David Mansfield as Chief Financial Officer and Keith Loose as Chief Technology Officer. In addition, Sune ...
Decentralized Finance: Transformation or Challenge? | Vanessa Sugiarto | TEDxSampoernaUniversity
TEDx Talks· 2025-06-11 15:53
This talk examines the transformative potential for Decentralized Finance (DeFI)—a financial system built on blockchain technology that eliminates traditional intermediaries in financial transactions. It explores on how this technology could transform the world of finance or instead cause more conflicts. The speaker will highlight the innovative solutions that DeFi offers, yet also addressing the challenges it faces. This examination provides the audience insights on the potential of DeFi and whether it cou ...
JZXN Raises Funds through Convertible Notes to Acquire Bitcoin, Initiating a Strategic Layout of Thousands of Bitcoins
Prnewswire· 2025-06-11 13:00
Core Viewpoint - JZXN Holdings, Inc. is initiating a strategic investment in Bitcoin through the issuance of convertible notes, marking its entry into digital assets and demonstrating confidence in Bitcoin's long-term value [1][4]. Group 1: Investment Strategy - The board of directors has approved the issuance of convertible notes specifically for Bitcoin strategic reserves, with an initial purchase of 23.5 Bitcoins as part of the "Thousand Coins Plan" [1]. - The company plans to execute Bitcoin asset allocation progressively, with the initial acquisition being a core component of its strategy to acquire a total of one thousand Bitcoins [2]. - JZXN aims to optimize its asset portfolio and enhance risk resilience by incorporating Bitcoin, which is viewed as a flagship blockchain technology [2]. Group 2: Compliance and Market Dynamics - The convertible note offering is a strategic decision aligned with current market dynamics and corporate objectives, with strict compliance to relevant laws and regulations [3]. - The company acknowledges Bitcoin's substantial investment potential while committing to maintaining prudent investment discipline to safeguard capital [3]. Group 3: Leadership Perspective - The CEO of JZXN emphasized the understanding of Bitcoin's volatility and uncertainty, stating that the decision to invest is based on a long-term confidence in blockchain technology [4]. - This initiative is part of JZXN's broader strategy to diversify its asset structure and enhance profitability while exploring blockchain applications in other fields [4]. - JZXN positions Bitcoin as a foundational element of the digital asset ecosystem and a potential global strategic reserve asset, reaffirming its commitment to generating sustainable long-term value for shareholders [4].
Who Will Be Calling The Shots At Newly-Minted Cango?
Benzinga· 2025-06-09 16:09
Core Viewpoint - Cango Inc. has undergone a significant transformation from a Chinese car trader to a global bitcoin miner, with a new shareholding structure that diminishes the control of its co-founders and introduces new stakeholders with expertise in finance and cryptocurrency [2][3][4]. Shareholding Structure - The new shareholding structure indicates that Cango will be controlled by two asset managers linked to Singapore's Antalpha Ventures, with co-founders Zhang Xiaojun and Lin Jiayuan's voting rights dropping to 18.54% from 92.5% [2][9]. - Enduring Wealth Capital Ltd. will hold 2.82% of Cango's shares but will control 36.74% of the voting rights, while Golden GenTech will hold 18.79% of the shares and 12.23% of the voting power [7][9]. Management Changes - The management of Cango will now be led by Andrea Dal Mas and Yu Peng from Enduring Wealth, who are expected to have significant influence over the company's strategic direction [10]. - The new board has seen the departure of four out of seven members, with the co-founders remaining alongside two new directors with strong financial backgrounds [15][16]. Business Transformation - Cango's pivot to bitcoin mining was disclosed last November, with an initial investment of $256 million for mining machines with 32 EH of capacity, and plans to acquire an additional 18 EH from Golden GenTech [13]. - The acquisition of the additional mining capacity is contingent on a deal expected to close by the end of July, which would bring Cango's total mining capacity to 50 EH [6][13]. Historical Context - Cango was originally founded as a car financier and later transitioned to auto trading services, but faced challenges due to regulatory changes in China and a slowdown in the car market [12]. - The company sold its original China business for $352 million, which included its car-trading operations, allowing it to focus on its new direction in bitcoin mining [14].
Cango Inc. Announces Third Amendment to Share-Settled Crypto Mining Assets Acquisitions
Prnewswire· 2025-06-04 10:00
Core Viewpoint - Cango Inc. has announced the third amendment to its Purchase Agreement for acquiring on-rack crypto mining machines, which will involve the issuance of Class A ordinary shares to the sellers, reflecting a significant strategic move in the crypto mining sector [1][2]. Summary by Sections Purchase Agreement and Amendments - The Purchase Agreement was initially signed on November 6, 2024, with subsequent amendments on March 26, 2025, and April 3, 2025. The latest amendment adjusts the number of shares to be issued to sellers, totaling 146,670,925 Class A ordinary shares at closing, with an additional 97,780,616 bonus shares contingent on a triggering event [2]. Impact of PRC Business Disposal - The Third Amendment includes changes due to the sale of the Company's PRC business, completed on May 27, 2025. The requirement to issue additional shares (Adjustment Shares) is now based on a threshold of approximately US$7.0 million reduction in the total consideration from the PRC Business Disposal [3]. Ownership Structure Post-Transaction - Upon closing of the Share-Settled Transactions, Golden TechGen Limited (GT) will own approximately 18.79% of the Company's total outstanding shares, while all sellers will collectively own about 41.38% before any bonus or adjustment shares are issued [4]. Definitive Agreement and Voting Power - A definitive agreement was signed on June 2, 2025, involving the Company's co-founders and their holding companies. Post-transaction, Enduring Wealth Capital Limited (EWCL) will hold approximately 2.82% of total outstanding shares and 36.74% of voting power, while the founders will hold 18.54% of shares and 12.07% of voting power [5]. Change of Control at GT - GT has undergone a change of control, with new shareholders now holding equal voting power. Mr. Ning Wang, a finance professional with extensive experience, will exercise director nomination rights previously held by the former owner [6]. Closing Conditions - The closing of the Share-Settled Transactions is subject to certain conditions that are still pending. The Company is actively working towards satisfying these conditions [7]. Company Overview - Cango Inc. is primarily engaged in the Bitcoin mining business, with operations across various regions including North America and East Africa. The Company also operates an online international used car export business, diversifying its portfolio in response to advancements in blockchain technology and the growing adoption of digital assets [8].
Cango Inc. Announces May 2025 Production Update for Crypto Mining Business
Prnewswire· 2025-06-03 10:00
Core Viewpoint - Cango Inc. has reported a production update for its Bitcoin mining business, showing an increase in the number of Bitcoins produced in May 2025 compared to April 2025 [1][2]. Group 1: Production Metrics - The number of Bitcoins produced in May 2025 was 484.5, an increase from 470.0 in April 2025, reflecting a growth of approximately 3.2% [2]. - The average number of Bitcoins produced per day in May 2025 was 15.63, slightly down from 15.67 in April 2025 [2]. - The total number of Bitcoins held by the company at the end of May 2025 was 3,429.3, up from 2,944.8 at the end of April 2025, indicating a significant increase of about 16.4% [2]. Group 2: Hashrate Metrics - The deployed hashrate remained stable at 32 EH/s for both May and April 2025 [2]. - The average operating hashrate in May 2025 was 29.86 EH/s, a slight decrease from 29.94 EH/s in April 2025 [2]. Group 3: Company Overview - Cango Inc. is primarily focused on Bitcoin mining, with operations across North America, the Middle East, South America, and East Africa [3]. - The company entered the crypto asset space in November 2024, motivated by advancements in blockchain technology and the growing adoption of digital assets [3]. - In addition to its crypto operations, Cango continues to run an online international used car export business through AutoCango.com [3].