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Grayscale® Stacks Trust (STCK) Begins Trading on OTCQB® Market
Globenewswire· 2025-10-23 13:00
Core Insights - Grayscale has launched the Grayscale® Stacks Trust (ticker: STCK), which is the first publicly quoted investment vehicle for Stacks (STX) in the U.S., now trading on OTCQB [1][2] - The Trust allows investors to buy and sell STCK through brokerage accounts, marking a significant step in Grayscale's strategy to transition private offerings to public investment products [2][3] - The Stacks network enhances Bitcoin's capabilities by enabling smart contracts and decentralized applications, which could help manage increased demand on the Bitcoin network [3] Company Overview - Grayscale is recognized as the largest digital asset-focused investment platform, with approximately $31 billion in assets under management (AUM) as of September 30, 2025 [4] - The company aims to provide investors with access to the digital economy through a range of innovative investment products [4] Product Details - STCK has been available to accredited investors since May 2024, and its public listing represents a milestone in expanding investor access to digital assets [2][3] - The Trust is designed to provide exposure to STX, the token of the Stacks network, which integrates Bitcoin with smart contract functionality [3] Market Context - The introduction of STCK is part of a broader trend to integrate Bitcoin with advanced blockchain technologies, enhancing its scalability and functionality [3] - As new decentralized applications and token standards emerge on Bitcoin's blockchain, Grayscale believes that Stacks can address challenges related to transaction throughput and costs while maintaining security [3]
Silo Pharma Issues Update on Milestone Achievements in PTSD Drug Development and New Digital Assets Treasury Program
Globenewswire· 2025-10-23 12:45
Core Insights - Silo Pharma is preparing to submit an investigational new drug (IND) application for its lead candidate SPC-15, aimed at treating PTSD and stress-induced anxiety, with preparations expected to commence before year-end 2025 [1][2][8] - The company has launched a digital assets treasury strategy to enhance capital resources and participate in cryptocurrency growth, combining staking for yield with a hedged overlay to mitigate volatility [2][4] Biopharmaceutical Platform - SPC-15 is advancing through final preparations for the IND submission, with positive results from a large animal safety study supporting its formulation [4][5] - The company is finalizing a drug-device study for the microchip-based nasal spray system used in SPC-15 delivery and has completed a GLP-compliant toxicology study, with data expected in early 2026 [5][8] - Silo is expanding its global intellectual property portfolio for SPC-15 technology, securing patents in the U.S., Australia, and Japan [5] Digital Assets Treasury - Initial cryptocurrency purchases have been made in Bitcoin, Ethereum, Solana, and ResearchCoin, with a focus on multi-chain digital asset growth and DeFi integration [5][6] - A new Crypto Advisory Board has been formed to enhance support for cryptocurrency audit and compliance, with additional members expected to join soon [5][6] - The company has engaged Fireblocks for secure institutional-grade infrastructure and custody technology services for its crypto treasury platform [5][6] Future Outlook - Significant milestones are anticipated in both drug development and digital asset purchases, positioning Silo to capitalize on emerging opportunities [6] - The company plans to pursue additional therapeutic indications for SPC-15 and secure the FDA's 505(b)(2) accelerated regulatory pathway for clinical development [8]
CleanCore Solutions Commends House of Doge's Expanding Global Sports Team Investments, Advancing the Real-World Utility for Dogecoin
Globenewswire· 2025-10-22 12:30
Core Insights - CleanCore Solutions, Inc. has established partnerships with U.S. Triestina 1918 and HC Sierre Hockey Club, marking a strategic move to integrate Dogecoin into global sports and everyday payments [1][2] - The investments aim to connect digital assets with sports, allowing fans to use Dogecoin for tickets, concessions, and merchandise, thereby enhancing fan experiences and promoting community ownership [2][3] - The Official Dogecoin Treasury, backed by CleanCore and the Dogecoin Foundation, is designed to provide stability and transparency to the Dogecoin ecosystem, facilitating institutional participation and real-world use cases for Dogecoin [3][5] Company Overview - CleanCore Solutions, Inc. focuses on revolutionizing cleaning practices through patented aqueous ozone technology, aiming for sustainable and cost-effective solutions [4] - House of Doge, the corporate arm of the Dogecoin Foundation, is dedicated to advancing Dogecoin as a decentralized global currency, investing in infrastructure for everyday commerce and developing financial products [5]
Galaxy Digital Inc-A(GLXY) - 2025 Q3 - Earnings Call Presentation
2025-10-21 12:30
2 GALAXY Investor.galaxy.com Q3 · 25 As of September 30, 2025 1 GALAXY Disclaimer This document, and the information contained herein, has been provided to you by Galaxy Digital Inc . and its affiliates ("Galaxy Digital" or "Galaxy") solely for informational purposes . This document may not be reproduced or redistributed in whole or in part, in any format, without the express written approval of Galaxy Digital .Neither the information, nor any opinion contained in this document, constitutes an offer to buy ...
1 Top Cryptocurrency to Buy Before It Soars 542% by 2028, According to Wall Street Analyst Geoff Kendrick
Yahoo Finance· 2025-10-21 10:15
Core Insights - Ethereum is the second-largest cryptocurrency by market capitalization, serving as a decentralized computing platform that supports smart contracts, decentralized applications, and tokenized assets [1][2] - It plays a crucial role in the web3 ecosystem, underpinning various applications from NFTs to stablecoins, making it a versatile and influential network in the crypto space [1][3] Ethereum's Functionality - Ethereum operates as a global, decentralized computer, enabling developers to create applications and execute digital agreements without centralized authorities, facilitating secure and automatic transactions of money, assets, and information [2] - The platform is the backbone of the modern crypto economy, powering decentralized finance (DeFi) platforms that allow users to lend, borrow, and earn interest without traditional intermediaries [3] Network Efficiency and Sustainability - The transition to a proof-of-stake consensus mechanism has significantly reduced Ethereum's energy consumption, creating a greener ecosystem that attracts environmentally conscious and income-seeking investors [4] Price Forecast and Market Potential - Analyst Geoff Kendrick from Standard Chartered predicts Ethereum could reach $25,000 by 2028, indicating a potential gain of over 540% from current levels as of October 18 [6] - The increasing adoption of stablecoins, which are pegged to assets like the U.S. dollar, positions Ethereum as the default settlement layer, likely boosting demand for its infrastructure [7] Regulatory Landscape - The regulatory environment is becoming more favorable, with expectations that Ethereum ETFs will follow the approval of Bitcoin ETFs, potentially unlocking new capital and solidifying Ethereum's status as a legitimate asset [9]
Euronet Embraces Stablecoins: Faster Settlements & Lower Costs Ahead
ZACKS· 2025-10-20 14:16
Core Insights - Euronet Worldwide, Inc. has partnered with Fireblocks to integrate stablecoin technology into its cross-border payment systems, potentially transforming international money transfers [1][8] - The initial phase focuses on enhancing treasury operations and reducing reliance on pre-funded accounts, allowing real-time conversion of fiat to stablecoins [2][5] - Future plans include expanding stablecoin services across major business units like Ria Money Transfer and Xe, leveraging Dandelion's extensive network [3][4] Financial Implications - The partnership is expected to unlock capital currently tied up in pre-funded accounts, improving liquidity management [5] - Real-time settlements will lower counterparty risk and operational costs, enhancing margins on international transactions [5] - New stablecoin-based services could generate additional revenue streams across Euronet's remittance, wallet, and ATM ecosystems [5] Industry Context - Euronet's initiative aligns with trends among major payment companies, such as Visa and Mastercard, who are also exploring stablecoin integration for cross-border transactions [6][7] - Visa has launched a pilot program allowing businesses to use stablecoins for payouts, while Mastercard has developed capabilities for seamless stablecoin transactions [6][7]
Enzo Villani, Chief Investment Officer of AlphaTON Capital, to Speak at the Vatican’s 10th Anniversary World Changers Summit
Globenewswire· 2025-10-20 11:00
Group 1 - Enzo Villani, Chief Investment Officer of AlphaTON Capital, will speak at the 10th Anniversary of the IASC World Changers Summit in Vatican City, focusing on ethics, innovation, and digital transformation [1][2] - The Summit aims to foster ethical innovation and cooperation across nations, with previous participants including Nobel Laureates and global leaders [3][5] - Villani's presentation will highlight how responsible innovation and decentralized technologies can promote human progress and ethical governance [5] Group 2 - AlphaTON Capital is a digital asset treasury company focused on the Telegram Open Network (TON) ecosystem, implementing a comprehensive treasury strategy for sustainable returns [8] - The company engages in network validation, staking operations, and strategic investments in TON-based decentralized finance protocols and applications [8] - AlphaTON Capital is also involved in drug development, targeting checkpoint resistance pathways to improve patient treatment responses [8][9]
BIT Mining Limited to Begin Trading Under New Name "SOLAI Limited" and New Ticker Symbol "SLAI" Effective October 20, 2025
Prnewswire· 2025-10-20 10:00
Core Viewpoint - BIT Mining Limited will rebrand as SOLAI Limited, effective October 20, 2025, with a new ticker symbol SLAI, reflecting its strategic shift towards artificial intelligence and blockchain technology [1][2]. Group 1: Company Overview - BIT Mining Limited, soon to be SOLAI Limited, is a technology-driven cryptocurrency infrastructure company transitioning from crypto mining to a broader blockchain ecosystem that includes AI, stablecoins, and payment infrastructure [4]. - The company aims to enhance on-chain efficiency and expand its participation in Solana and other blockchain ecosystems, thereby delivering value to its shareholders [2][4]. Group 2: Trading Information - The American Depositary Shares (ADSs) of the company will begin trading under the new name and ticker symbol on the New York Stock Exchange without requiring any action from current shareholders [1]. - Historical trading data for the company's ADSs may temporarily be found under the old name BIT Mining Limited and ticker BTCM until updated on third-party platforms [3].