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JPMorgan Deploys JPM Coin on Canton Network, Extending Blockchain Strategy
Yahoo Finance· 2026-01-07 15:38
Core Insights - JPMorgan's blockchain division Kinexys and Digital Asset are set to launch the JPM Coin deposit token on the Canton Network, marking the bank's second public blockchain expansion after the Base network launch in November 2025 [1] - The deployment will occur in phases throughout 2026, focusing initially on the technical and business frameworks for the issuance, transfer, and near-instant redemption of JPM Coin on Canton [1] Collaboration and Product Integration - The partnership will also explore the integration of additional Kinexys products, including Blockchain Deposit Accounts [2] Platform Background - The Canton Network, launched in July 2024, is described as the only public blockchain specifically designed for institutional finance, featuring privacy capabilities that protect sensitive business data [3] - Notable participants in the Canton Network include Goldman Sachs, DTCC, Deutsche Börse, BNP Paribas, and BNY Mellon [3] Strategic Goals and Financial Performance - Digital Asset's CEO Yuval Rooz emphasized that the partnership aims to modernize traditional financial infrastructure and enhance capital movement between institutions [4] - Digital Asset raised $135 million in June 2025 and received further strategic investments from BNY, Nasdaq, and S&P Global in December 2025 [4] - Kinexys processes a daily transaction volume of $2-3 billion, with a cumulative volume exceeding $1.5 trillion since 2019 [4] Multi-Chain Strategy - JPM Coin became available to institutional clients on Coinbase's Base network on November 12, 2025, with initial clients including B2C2, Coinbase, and Mastercard [6] - The deposit token allows institutional clients to make payments using a digital representation of JPMorgan deposits on a public ledger, differentiating it from stablecoins backed by reserves [6] - JPMorgan announced a framework with Singapore's DBS Bank on November 11, 2025, to develop compatibility standards for tokenized deposit transfers across multiple blockchains [7] - Kinexys Global Co-Head Naveen Mallela stated that the Canton deployment will enhance operational efficiency and liquidity access for institutional clients [7]
TROOPS, Inc. Announces Strategic Investment and Unveils HK Golden, Inc.'s Visionary Roadmap to Become a Global Financial and Cultural Powerhouse
Prnewswire· 2026-01-07 15:30
Core Insights - TROOPS, Inc. is strategically investing in the digital media landscape through its partnership with HK Golden, Inc., which is preparing for an IPO on Nasdaq in 2026 [1][2] - The vision of HK Golden, Inc. is to become the primary global digital nexus for financial thought and community-driven value creation, blending Eastern and Western financial perspectives [3][6] Investment and Strategic Development - The investment in HK Golden, Inc. is seen as a pivotal step for TROOPS, enhancing its value proposition to shareholders by transitioning HK Golden from a local forum to a global platform [2] - The proprietary token ecosystem being developed by HK Golden, Inc. aims to reward user engagement and integrate with the broader TROOPS conglomerate [4][8] Market Context and Comparisons - The strategic move is informed by the success of community-driven media platforms like Reddit and X (formerly Twitter), which have achieved valuations of US$46 billion and US$44 billion respectively [4][5] - The recognition of media platforms as modern public squares highlights the importance of controlling such platforms for shaping financial and cultural discourse [5] Cultural and Financial Integration - HK Golden, Inc. is positioned to act as a cultural and financial bridge between Asia and the West, facilitating a new era of global investment understanding [6] - The company aims to channel financial innovations from Asia to Western markets, enhancing cross-cultural dialogue and investment opportunities [6] Community Engagement and Utility - The community rewards engine will incentivize users to contribute valuable content, fostering high-quality financial discussions [8] - Tokens will have cross-platform utility, allowing users to exchange them for insurance products within the TROOPS ecosystem, creating real-world value from digital participation [8]
Should You Invest $100 in SoFi Technologies Right Now?
Yahoo Finance· 2026-01-07 14:55
Key Points SoFi Technologies is a promising growth stock with attractive prospects. Growth in the financial services segment is fueling stellar earnings acceleration. SoFi's investments in blockchain and AI technologies make it a promising bet on the future of personal finance. 10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) could be an excellent growth stock to park $100 for the next five years. The shares surged 70% in 2025. The stock currently trades at 51 ti ...
Nike Quietly Dumps NFT Unit RTFKT as Converse Revenue Drops 30%
Yahoo Finance· 2026-01-07 14:16
Core Insights - Nike has sold its digital products subsidiary RTFKT, marking its exit from blockchain-based collectibles and a strategic shift back to its core athletic performance business under new CEO Elliott Hill [1][3][4] - The sale was effective December 16, coinciding with a reported 30% drop in quarterly sales for Nike's Converse brand [1][3] - Nike had previously announced plans to end its NFT operations and blockchain initiatives [2] Group 1: RTFKT Acquisition and Sale - RTFKT was acquired by Nike in 2021 during the NFT boom, aimed at expanding Nike's presence in collectibles and metaverse markets [3] - The sale of RTFKT is described as "launching a new chapter" for Nike, while still allowing for potential future digital initiatives [4] - The buyer's identity and financial details of the sale remain undisclosed, but speculation suggests the buyer may be a significant player in the digital assets space [5] Group 2: Market Reaction and Legal Issues - Following the sale announcement, RTFKT tokens surged by over 270%, indicating market optimism about the potential revival of NFTs under new ownership [5] - Nike is facing legal challenges related to its exit from digital collectibles, with a proposed class action lawsuit filed by purchasers of Nike-themed NFTs seeking at least $5 million in damages [6][7] - The lead plaintiff claims that Nike's abrupt decision to shut down RTFKT devalued the NFTs without adequate notice or compensation [7]
JPMorgan’s Kinexys Expands Digital Payments Push With Canton Network Partnership
Yahoo Finance· 2026-01-07 13:03
Core Insights - JPMorgan Chase's blockchain unit Kinexys plans to bring its deposit token JPM Coin natively onto the Canton Network, reflecting institutional demand for secure and compliant money movement on public blockchains [1][3] Group 1: JPM Coin Overview - JPM Coin is the first bank-issued U.S. dollar-denominated deposit token, providing institutional clients with a digital representation of U.S. dollar deposits held at JPMorgan [2] - Unlike non-bank stablecoins, JPM Coin represents a direct claim on bank deposits, combining traditional banking safeguards with blockchain-based settlement [2] Group 2: Integration with Canton Network - By issuing JPM Coin on Canton, institutions will be able to move digital cash nearly instantly across markets, supporting payments, settlement, and liquidity management within a regulated framework [3] - The integration aims to appeal to both digitally native firms and traditional financial institutions looking to modernize payment infrastructure while maintaining trust and regulatory oversight [3] Group 3: Strategic Partnership - The partnership is framed as a foundational step toward interoperable digital money, modernizing existing financial rails [4] - The collaboration is expected to unlock liquidity and improve capital efficiency across financial markets [5] Group 4: Implementation Timeline - The integration will follow a phased approach throughout 2026, focusing initially on establishing the technical and commercial foundations for JPM Coin's issuance, transfer, and near-instant redemption on Canton [6] - Once live, participating institutions will be able to use JPM Coin directly within the Canton ecosystem [6] Group 5: Future Developments - Beyond JPM Coin, the partners will explore integrating additional Kinexys Digital Payments products, including JPMorgan's Blockchain Deposit Accounts, enhancing Canton's role as a hub for synchronized, cross-market financial activity [7]
Wellgistics Health Provides 2026 Corporate Outlook
Accessnewswire· 2026-01-07 12:40
Core Insights - Wellgistics Health, Inc. is integrating its AI platform EinsteinRx into pharmacy point-of-sales systems to enhance prescription drug dispensing efficiency [1] - The company aims to onboard up to 500 pharmacies per month into the Wellgistics Pharmacy Network by the end of 2026 [1] - The focus of the manufacturer-supplier relationship expansion is on diabetes, weight loss, cardiometabolic, and Long COVID patients [1] - Wellgistics is assessing resources for the development of blockchain-enabled smart contracts through its PharmacyChain platform [1] - The company is entering a phase of hyper-focused operational execution under the leadership of President and Interim-CEO Prashant Patel [1]
RETRANSMISSION: HIVE Digital Technologies Delivers Strong Year-Over-Year, Quarter-Over-Quarter and Month-Over-Month Growth, Maintaining over 2% of the Global Bitcoin Network
TMX Newsfile· 2026-01-07 11:00
Core Insights - HIVE Digital Technologies Ltd. reported strong Bitcoin production results for December 2025, showcasing significant year-over-year growth and operational resilience despite seasonal weather challenges [1][4]. Production Highlights - In December 2025, HIVE produced 306 Bitcoin, marking a 197% increase year-over-year from 103 Bitcoin in December 2024, while Bitcoin mining difficulty rose by 40% year-over-year for the same month [8]. - For the full year 2025, HIVE produced 2,311 Bitcoin, a 31% increase from 1,770 Bitcoin in 2024, achieved despite the Bitcoin halving and record-high global network difficulty, which was 46% higher than in 2024 [5]. Operational Efficiency - HIVE operates at over 2% of the global Bitcoin network, demonstrating its scale and reliability [2]. - The company maintained high uptime and production consistency through a geographically decentralized model, which spans three continents and nine time zones [4][10]. Growth and Expansion Plans - HIVE plans to develop an additional 100 megawatts of hydroelectric-powered data center capacity at its Yguazú campus in Paraguay, with full commissioning expected in Q3 2026 [6]. - Upon completion, HIVE's renewable energy capacity is projected to reach approximately 540 megawatts, including 400 MW in Paraguay and 140 MW across Canada and Sweden [9]. Management Commentary - Frank Holmes, Executive Chairman, emphasized the company's view of Bitcoin as a portable energy source and highlighted the importance of maintaining over 2% of the global Bitcoin network through disciplined execution [7]. - Aydin Kilic, President & CEO, noted that the results reflect the strength of HIVE's global operating platform and the benefits of decentralization in optimizing uptime and protecting margins [10].
Nano Labs: Worth The Risk If You're Bullish On BNB And RWA Tokenization
Seeking Alpha· 2026-01-07 10:01
Core Insights - Nano Labs Ltd. is transitioning from being a fabless chip designer to increasing its involvement in Web3 and digital assets, indicating a strategic pivot towards the cryptocurrency sector [1]. Group 1: Company Overview - Nano Labs Ltd. is a fabless chip designer that is expanding its focus to include blockchain initiatives [1]. Group 2: Strategic Initiatives - The company is launching the Next Big BNB Program (NBNB) as part of its new blockchain initiatives, which aims to enhance its exposure to the cryptocurrency market [1].
Better Buy in 2026: XRP, Dogecoin, or Bitcoin?
Yahoo Finance· 2026-01-07 09:32
Core Insights - Ripple launched a stablecoin called Ripple USD in 2024, which is designed for payments with virtually zero volatility, contrasting with the significant price fluctuations of XRP [1] - XRP ended 2025 in a negative position due to structural issues, as banks can utilize Ripple Payments without needing to use XRP, limiting the token's value growth [2] - XRP had a strong year in 2025, with the U.S. SEC settling its legal battle against Ripple and the approval of spot XRP exchange-traded funds, leading to a record high for the token [3] Ripple and XRP Overview - Ripple operates the Ripple Payments network, enabling global banks to conduct instant cross-border transactions, using XRP to standardize transactions and reduce foreign exchange fees [4] - The total cryptocurrency market value was $3.1 trillion at the start of 2026, down 28% from its all-time high, indicating a challenging environment for cryptocurrencies including XRP [5][6] Comparative Analysis of Cryptocurrencies - Bitcoin, XRP, and Dogecoin all faced losses in 2025, with Bitcoin holding a market cap of $1.8 trillion, representing over half of the total cryptocurrency market [10] - Bitcoin is viewed as a digital version of gold, with attributes such as decentralization, capped supply, and a secure blockchain system contributing to its perception as a store of value [11][12] - Predictions suggest Bitcoin could appreciate significantly, with estimates of reaching $21 million per coin by 2045, although current usage as a payment mechanism is limited [13][15] Future Outlook - Bitcoin is considered to have the best potential for positive returns in 2026, while XRP and Dogecoin face ongoing structural challenges that may hinder their value [14] - The Motley Fool's Stock Advisor team has identified other stocks as better investment opportunities compared to XRP, indicating a cautious outlook for the token [16][18]
Hedge Fund Karatage appoints IMC veteran Shane O’Callaghan as senior partner
Yahoo Finance· 2026-01-07 09:00
Core Insights - Karatage, a London-based hedge fund focused on digital assets and emerging technology, has appointed Shane O'Callaghan as a senior partner and head of institutional strategy, transitioning from IMC Trading [1] - O'Callaghan's previous roles include global head of business development at Portofino Technologies and head of EMEA at BlockFi, indicating a strong background in the crypto sector [2] - The CEO of Karatage, Marius Barnett, emphasized that O'Callaghan's appointment is aimed at building a bold and disruptive strategy, moving away from traditional roles to enhance the firm's execution and standards [3] Company Strategy - Karatage aims to create a dominant force in the market, focusing on aggressive growth rather than incremental improvements, with O'Callaghan's role seen as pivotal in achieving this vision [4] - The hedge fund employs a thematic investment approach, targeting technologies and businesses that could significantly impact finance and the economy, including blockchain networks and decentralized finance (DeFi) [4] - The firm combines liquid token investments with long-term investments in companies and managers within the crypto space, reflecting a unique investment strategy [5] Leadership Vision - O'Callaghan expressed enthusiasm about joining Karatage, highlighting the firm's blend of proprietary capital, technical expertise, and strategic vision as essential for the current market [5]