Financial Data and Key Metrics Changes - The company reported revenues of $190,058 for the first quarter of fiscal 2026, representing an increase of approximately 34% compared to $142,227 for the same period in fiscal 2025 [3] - The operating loss was approximately $3.3 million, compared to an operating loss of approximately $2.5 million for the first quarter of fiscal 2025 [4] - The loss per share improved to $1.27 from $5.10 in the first quarter of fiscal 2025 [4] - As of July 31, 2025, the company had cash and cash equivalents of approximately $4.6 million [4] Business Line Data and Key Metrics Changes - The increase in revenues was primarily attributed to an increase in portal fees and services provided in exchange for equity securities [3] - One issuer accounted for 73% of the revenues during the quarter, successfully raising approximately $5 million from March 24, 2025, to May 30, 2025 [4] Company Strategy and Development Direction - The company emphasized a strategic shift from equity-based consulting revenue to building a stronger, scalable business model [5] - The focus is on driving long-term growth through innovation and execution to build a robust fintech ecosystem [5] - The establishment of a crypto advisory board aims to integrate blockchain and digital assets with traditional finance, positioning the company for a larger role in fintech and decentralized finance (DeFi) [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the encouraging results at the start of the fiscal year, highlighting revenue and portal fee growth of over 30% [5] - The company aims to enhance its services through blockchain, crypto, and digital asset innovation to lead future private market opportunities [7] Other Important Information - A game advisory board was launched to advance strategic growth initiatives and deepen engagement with the online gaming community [6] Q&A Session Summary - The Q&A session was conducted but no specific questions or answers were documented in the provided content [9][10]

Core Insights - Silo Pharma has engaged Fireblocks as the custodian for its institutional crypto treasury platform, focusing on Bitcoin, Ethereum, and Solana [1][2] - The partnership aims to ensure enterprise-grade security and governance standards for managing digital assets, enhancing long-term value for shareholders [2][3] Company Overview - Silo Pharma is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company, targeting underserved conditions such as stress-induced psychiatric disorders and chronic pain [3] - The company's therapeutic portfolio includes programs for PTSD, fibromyalgia, and preclinical assets for Alzheimer's disease and multiple sclerosis [3] Fireblocks Overview - Fireblocks is recognized for its secure platform that facilitates the transfer of over $6 trillion in digital assets, utilizing a multi-layer security framework [2][4] - The platform supports various financial entities, including exchanges, banks, and hedge funds, enabling them to scale their digital asset operations securely [4]

Investment Firm Strategy - YZi Labs, CZ's $10 billion investment firm, is considering opening to external investors and potentially converting into a public fund [1] - Investor interest in YZi Labs is strong, but the firm remains in early stages [1] Portfolio Allocation - Approximately 70% of YZi's portfolio is allocated to digital assets [1] - YZi received proposals from over 50 teams this summer to accumulate tokens [1] Regulatory Interest - SEC Chair Paul Atkins requested a private demo after missing YZi's NYSE event [1]

Core Viewpoint - Netcapital Inc. reported a revenue growth of over 30% in the first quarter of fiscal year 2026, indicating a successful shift in strategy towards building a scalable business model [2][3]. Financial Performance - Revenue increased approximately 34% year-over-year to $190,058 compared to $142,227 in the first quarter of fiscal year 2025 [7]. - The company posted an operating loss of ($3,285,648), which is an increase from the operating loss of ($2,508,237) for the same period last year [7]. - Loss per share improved to ($1.27) from ($5.10) in the first quarter of fiscal year 2025 [7]. - As of July 31, 2025, the company had cash and cash equivalents of $4,562,491, a significant increase from $289,428 as of April 30, 2025 [9]. Strategic Initiatives - The establishment of a Crypto Advisory Board aims to integrate blockchain and digital assets with traditional finance, positioning the company to explore opportunities in decentralized finance (DeFi) [3][5]. - The company’s consulting group, Netcapital Advisors, provides marketing and strategic advice while taking equity positions in select companies, enhancing its role in the fintech ecosystem [5]. Balance Sheet Overview - Total assets as of July 31, 2025, were $28,432,302, up from $20,901,491 as of April 30, 2025 [9]. - Total liabilities decreased to $5,305,386 from $5,995,767, indicating improved financial health [9]. - Stockholders' equity increased to $23,126,916 from $14,905,724, reflecting a stronger capital position [9].

Market Sentiment - XRP is experiencing significant market debate, with some analysts predicting a price increase to $5 by the end of the month, despite recent liquidations totaling over $1.3 million in four hours [1] - A cup-and-handle pattern has been identified on XRP's weekly chart, suggesting a potential breakout above the $3.20 - $3.30 resistance level, with long-term targets reaching $30 during an altcoin bull cycle [2] - Some traders express skepticism, noting that XRP's price will be influenced by broader market trends, including Bitcoin's seasonal downturn and global macroeconomic uncertainties [3] Ripple's Institutional Engagement - Ripple is enhancing its political and institutional presence, as evidenced by Cassie Craddock's participation in a high-profile roundtable at Downing Street, which included key figures from the UK and US [4] - Craddock emphasized Ripple's role in fostering transatlantic collaboration on digital assets and influencing global norms for blockchain adoption, positioning XRP as both a financial instrument and a technology solution [5] Technological Developments - The launch of mXRP, the first yield-bearing liquid staked token on the XRP Ledger, strengthens Ripple's ecosystem, allowing holders to earn 6-8% APY while maintaining liquidity for DeFi applications [6] Technical Analysis - XRP is currently trading in the $2.85–$2.97 range, with Bollinger Bands indicating a period of consolidation before a potential significant price movement [7] - A breakout above $3.17 could lead to further upside, while a drop below $2.77 may result in additional losses [8]

Event Overview - The European Blockchain Convention (EBC11) is set to take place in Barcelona this October [1][2][3] - The event will feature speakers from banking and DeFi sectors, focusing on digital assets [1] Key Speakers & Focus Areas - Consensys' Managing Director will discuss expanding Ethereum adoption [1] - Bitcoin Strategy's Board Director will present on Bitcoin strategy at Europe's first BTC treasury company [2] - Stripe's Head of UK Public Policy will address fintech and crypto regulation in the UK [2] - Kadena's Capital Markets Lead will focus on RWA (Real World Asset) tokenization initiatives [2] - BNB Network's COO will manage operations at the world's largest publicly listed BNB treasury [2] - GK8 Security's Global Head of Partnerships will build global custody partnerships for institutions [3] - Assetera Global's CEO will lead the EU-regulated trading platform for securities and RWAs [3] - Prosegur Global's CEO will develop secure digital asset custody solutions [3]

Group 1: ARK Invest's Crypto Exposure - ARK Invest has been increasing its exposure to digital assets, with Bitcoin leading the way, followed by Ethereum and Solana [2][3] - Bitcoin has surged around 80% within a year, trading at $113,014.85, while Ethereum has risen more than 60%, trading at $4,203.95 [2] - Solana has also seen a rise of around 55%, trading at $223.45 [3] Group 2: New Crypto Platforms - Cathie Wood identified Hyperliquid as a "new kid on the block," a decentralized crypto derivatives exchange that has gained popularity [4] - Hyperliquid's native token, HYPE, launched in November 2024, has rallied more than 1,400%, reaching an all-time high of $59.39 on September 18 [5] - Hyperliquid faces competition from Aster, another decentralized trading platform, whose native token, ASTER, has surged more than 1,600% within a year [6] Group 3: The Three Revolutions of Crypto - Wood describes the crypto phenomenon as three bundled revolutions: monetary revolution, financial services revolution, and immutable digital property rights revolution [7] - The advancements in crypto would not be possible without blockchain technology [8] Group 4: ARK Invest's Crypto Stock Holdings - ARK Invest holds significant positions in various crypto-related public companies, including Circle Internet Group, Coinbase Global, Robinhood Markets, Bitmine Immersion Technologies, Block, Inc., and Bullish [8]

Core Insights - Bolivia is experiencing a significant surge in cryptocurrency adoption, particularly with Tether's USDT being accepted by major automotive companies like BYD, Toyota, and Yamaha as a payment option [1][3] - The increase in crypto transactions is largely driven by a severe dollar shortage in Bolivia, prompting businesses to explore alternative payment methods [1] - Tether's CEO highlighted this development as a milestone, emphasizing USDT's role as a "digital dollar" for underserved populations [2] Adoption and Regulatory Changes - Bolivia's adoption of USDT skyrocketed following a landmark resolution on June 25, which officially recognized virtual assets and lifted previous bans on cryptocurrencies [4] - The regulatory shift has facilitated structured and compliant processing of crypto transactions, as noted by Bolivia's financial regulator [5] - The public sector's adoption of crypto gained momentum after March 13, 2025, when the government authorized state-owned YPFB to conduct crude oil imports using US dollars or cryptocurrencies [6] Private Sector Involvement - Banco Bisa, one of Bolivia's largest financial institutions, launched custody services for Tether's USDT in October 2024, providing customers with direct access to crypto trading and storage [7] - The Central Bank of Bolivia signed a Memorandum of Understanding with El Salvador's National Commission of Digital Assets to collaborate on crypto projects, indicating a regional shift towards viewing digital assets as a reliable alternative to traditional currency [7] Transaction Growth - Bolivia's Central Bank recorded $294 million in crypto payments during the first half of 2025, representing a 630% increase from $46.5 million in the same period the previous year [3]

Regulatory Collaboration - The UK and US are forming the Transatlantic Taskforce for Markets of the Future to strengthen cooperation on capital markets and digital assets [1] - The taskforce will focus on simplifying cross-border capital raising for companies [1] - The taskforce will explore short-to-medium term collaboration on digital asset regulation as both countries develop their legislative frameworks [1]

Regulatory Cooperation - Britain and the US establish a task force to explore cooperation on digital assets regulation [1]