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Ripple Insiders Just Told Us The XRP Truth (You Need To See This!)
We recently talked about how institutional players in Wall Street is getting really more bullish on crypto than ever before. And I feel like a lot of the recent events, especially at Ripple Swell, we kind of saw that increased bullish view on crypto from some of the biggest names in finance. Recently I saw a post from Rhys Merrick who is a Ripple employee and he said full circle moment for me at Ripple Swell a couple of weeks ago.7 years ago when I joined Ripple I remember meeting with large financial insti ...
AlphaTON Capital Submits Strategic Offer to Acquire Majority Stake in Forbes Media Holdings
Globenewswire· 2025-11-24 12:00
Offer aims to leverage the brand for verified AI data licensing, verifiable and accurate financial news, and anchor a new global digital assets news organization.New York, NY, Nov. 24, 2025 (GLOBE NEWSWIRE) -- AlphaTON Capital (Nasdaq: ATON), a specialized digital asset technology company focused on the Telegram ecosystem, today announced that it has submitted a Letter of Intent (LOI) to acquire a 51% controlling interest in Forbes Media Holdings (FMH). The proposed acquisition is part of AlphaTON’s broader ...
HelloTrade, Founded by Former BlackRock Crypto Leaders, Announces Fundraise to Unlock Global, Frictionless Access to Global Equities
Globenewswire· 2025-11-21 08:00
Core Insights - HelloTrade, a blockchain-powered trading platform founded by former BlackRock crypto directors, has successfully closed a $4.6 million seed round led by Dragonfly Capital, indicating strong market potential and the founders' proven track record [1] - The platform aims to democratize access to global capital markets by allowing users to gain leveraged exposure to stocks, ETFs, commodities, and crypto without the usual barriers [4][5] Company Overview - HelloTrade is built on MegaETH, enabling users to trade with the speed of traditional brokerage platforms while processing over 100,000 transactions per second [4] - The founders, Kevin Tang and Wyatt Raich, have extensive backgrounds in finance and technology, having previously worked at BlackRock's digital assets division [8] Market Opportunity - The platform addresses long-standing barriers in capital markets, such as geography, high capital requirements, and complex systems, which have limited access for both retail and professional investors [3] - HelloTrade's approach is inspired by the transformation of access to digital assets through crypto derivatives, aiming to apply similar principles to traditional equities [5] Advisory Support - The company is backed by a strong advisory team, including notable figures from various sectors, enhancing its credibility and potential for success [6]
BitMine Immersion Stock's Momentum: What You Should Know About Tom Lee's Ethereum Treasury Company As Q4 Results Near
Yahoo Finance· 2025-11-21 01:31
Core Insights - BitMine Immersion Technologies Inc. is transitioning from a traditional Bitcoin mining operator to the largest corporate holder of Ethereum, with 3,559,879 ETH valued at $10.78 billion [2][3] - The company is set to report its fourth quarter and full year results ending August 31, with investors advised to focus on this announcement [1] Company Overview - The company has undergone a significant pivot in its business model, now focusing on Ethereum rather than Bitcoin [2] - Tom Lee, a Wall Street veteran and co-founder of Fundstrat, has taken over as the chair of BitMine [2] Financial Metrics - B. Riley Securities has initiated a "Buy" rating for BitMine, setting a price target of $90, which suggests a potential upside of 208% from current levels [3] - The company's treasury holds Ethereum worth approximately $10.78 billion [3] Market Activity - Cathie Wood's Ark Invest purchased around $7.65 million worth of BitMine shares recently [4] - The short interest in BitMine is reported at 16.3%, indicating a notable level of bearish sentiment among investors [5] Technical Indicators - The Moving Average Convergence Divergence (MACD) indicator has flashed a "Sell" signal for BitMine [5] - Conversely, the Stochastic Relative Strength Index has indicated a "Buy" signal, while the Bull Bear Power indicator shows a "Neutral" reading [5]
Metasphere Labs Announces Second Amended and Restated LIFE Offering Document
Thenewswire· 2025-11-20 00:05
Core Viewpoint - Metasphere Labs Inc. has filed a second amended offering document, updating the offering amount and use of proceeds for its fundraising efforts [1][2]. Offering Amount - The company is offering a minimum and maximum of 5,000,000 units at a price of $0.09 per unit, aiming for gross proceeds of $450,000 [2]. - The offering will only close if the minimum gross proceeds of $450,000 are raised, with all subscription funds returned if this amount is not met [2]. Use of Proceeds - After accounting for a working capital deficit of $(209,040) as of October 31, 2025, the company expects to have approximately $240,960 in total available funds [3]. - The proceeds will not be used to reduce the working capital deficit, and the allocation of available funds includes mandatory corporate expenses, platform development, digital asset initiatives, sales and marketing, and unallocated working capital [3][8]. Closing Date - The offering is expected to close on or about December 1, 2025, subject to the satisfaction of the minimum offering amount [4]. Company Overview - Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, focusing on environmental sustainability and social impact [7].
Argo Blockchain (NasdaqGS:ARBK) Update / Briefing Transcript
2025-11-19 17:02
Summary of Argo Blockchain Town Hall Meeting (November 19, 2025) Company Overview - **Company**: Argo Blockchain (NasdaqGS: ARBK) - **Industry**: Cryptocurrency mining, specifically Bitcoin and other cryptocurrencies - **Current Situation**: Argo is undergoing a restructuring plan due to financial difficulties exacerbated by high energy costs and prolonged low cryptocurrency prices since 2021 [7][8][9] Key Points from the Meeting Restructuring Plan - **Purpose**: The restructuring plan aims to restore Argo's financial stability and allow it to continue trading [4][12] - **Court Approval**: The plan requires court approval, with meetings for plan participants scheduled for December 2, 2025, and a sanction hearing on December 8, 2025 [5][6] - **Participants**: Shareholders, note holders, and secured lender Growler are involved in the restructuring process [5][11] Financial Challenges - **Energy Costs**: Energy costs account for approximately 50% of Argo's total costs, significantly impacting profitability [9] - **Debt Burden**: Argo has been reliant on third-party funding since December 2022, with a total debt of $40 million due in November 2026 [8][11][33] - **Mining Margin Decline**: The mining margin fell from $11.5 million (39% margin) in 2024 to $1.2 million in 2025 due to rising costs and reduced Bitcoin rewards following the April 2024 halving [10] Proposed Changes - **Equity Distribution**: Under the restructuring plan, Growler will own 87.5% of the enlarged share capital, note holders will hold 10%, and existing shareholders will retain 2.5% [13][18] - **ADS Ratio Change**: To maintain NASDAQ listing, the ratio of American Depositary Shares (ADS) will change from 1:10 to 1:1,260 [14][16] - **Delisting from LSE**: Argo intends to delist from the London Stock Exchange, establishing a matched bargain facility for shareholders to trade shares post-delisting [17] Financial Support - **Funding from Growler**: Growler will inject $3.5 million into Argo as part of the restructuring plan, which is critical for meeting obligations to unsecured creditors [12][34] - **Equitization of Debt**: Senior unsecured notes will be converted into equity, allowing note holders to receive shares in the restructured company [18][19] Market Conditions - **Crypto Market Volatility**: The company has faced a "crypto winter" since 2021, leading to significant declines in cryptocurrency prices and market sentiment [9] - **Future Profitability**: While no profit forecasts were provided, the board believes that with reduced debt and new funding, there is potential for recovery [49] Additional Considerations - **Management Structure**: Argo's management will continue to run the business, with a potential non-executive representative from Growler on the board [38] - **Tax Obligations**: Ongoing tax disputes in Canada are still unresolved, with no firm timeline for resolution [38] - **CapEx Plans**: Expected capital expenditures of $25 million in 2026 and 2027 were mentioned, but details on financing were not provided [52] Conclusion - The restructuring plan is seen as a necessary step for Argo to avoid insolvency and provide a pathway for potential recovery, albeit with significant dilution for existing shareholders and note holders [51][52]
'A Poison Pill For Britain's Financial Sector': Nigel Farage Slams Bank of England Stablecoin Ownership Cap
Yahoo Finance· 2025-11-19 17:01
Core Viewpoint - The Bank of England's proposed caps on individual stablecoin holdings are criticized as detrimental to the UK's financial sector and its global competitiveness, according to Reform UK leader Nigel Farage [1][3]. Group 1: Proposed Regulations - The Bank of England has proposed a "temporary" cap of £20,000 ($26,350) on individual stablecoin ownership and a £10 million limit for businesses, citing financial system risks [2]. - The central bank's recent consultation paper indicates a shift in stance, allowing issuers to hold up to 60% of their reserves in short-term government bonds, compared to a previous requirement of 100% cash [5]. Group 2: Industry Impact - Farage argues that the stablecoin cap does not provide protection and instead hinders fintech growth, potentially ceding leadership in digital finance to other global hubs like New York and Dubai [3]. - Farage has positioned himself as a champion for the cryptocurrency industry, claiming influence over the Bank of England's decisions regarding stablecoin regulations [3][4]. Group 3: Political Context - Farage has integrated cryptocurrencies and blockchain technology into his political agenda, promising significant tax cuts on cryptocurrency capital gains and the establishment of a national Bitcoin reserve if his party gains a majority in future elections [6].
21shares Launches Solana ETF (TSOL) as the Latest Addition to its Growing U.S. Product Lineup
Globenewswire· 2025-11-19 14:30
Core Insights - 21shares has launched the 21Shares Solana ETF (TSOL) on CBOE, providing U.S. investors with transparent exposure to Solana (SOL), a prominent blockchain network for various applications [1][3] - TSOL features a total expense ratio (TER) of 0.21% and incorporates staking to potentially enhance returns, allowing crypto holders to earn rewards by locking up their assets [1][3] - The launch of TSOL follows previous successful crypto ETP launches, including the 21Shares Ethereum ETF (TETH) and the ARK 21Shares Bitcoin ETF (ARKB), which collectively manage over $8 billion in assets [2] Company Overview - 21shares is recognized as one of the largest issuers of cryptocurrency exchange traded products (ETPs) globally, with a focus on making cryptocurrency accessible to investors [5][6] - The company has a track record of innovation in the crypto ETP space, having launched the world's first physically-backed crypto ETP in 2018 and managing the largest spot Solana ETP with over $1 billion in assets as of November 14, 2025 [3][5] - 21shares has partnered with FalconX to enhance its service offerings and expand its market reach, leveraging FalconX's position as a leading crypto prime brokerage [4][6] Market Context - The demand for Solana has surged due to its applications in stablecoin development, cross-border payments, and decentralized finance, with a reported growth rate of 83% in 2024 [3] - The regulatory landscape is evolving to support crypto ETPs, which is expected to drive further adoption and interest in the crypto asset class among traditional financial players [4] - The launch of TSOL is seen as a significant step in diversifying crypto exposure for U.S. investors, highlighting Solana's efficiency and real-world use cases [4]
X @Bloomberg
Bloomberg· 2025-11-18 15:06
Blockchain Adoption - HSBC will offer tokenized deposits to corporate clients in the US and the United Arab Emirates [1] - The initiative is part of banks' broader expansion into blockchain technology for payments [1] Timeline - The tokenized deposit service is scheduled to launch in the first half of next year [1]
Everything Blockchain Expands Into the Multi-Billion Dollar iGaming Industry With XR Casino Partnership
Globenewswire· 2025-11-14 14:00
Jacksonville, FL, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Everything Blockchain Inc. (OTC: EBZT) announces today that the Company has launched a new suite of blockchain solutions for the rapidly expanding iGaming industry and has begun its first revenue-generating development engagement with XR Casino, an immersive gaming company offering AR, VR, and mixed-reality casino experiences. Expanding Into a High-Growth Global iGaming MarketThe Company’s Development Lab segment has expanded its portfolio of blockchain te ...