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Ethena Crypto is Expanding Its Team: Could You Be The Future of USDe?
Yahoo Finance· 2025-10-21 10:03
Core Insights - Ethena is expanding its team by nearly 50%, marking its first major hiring push since launch, indicating new products are in development [1][2] - The upcoming initiatives are expected to create new business lines comparable in size to its existing stablecoin, USDe [2][4] Company Developments - Ethena will add approximately 10 new hires across engineering, product, and business development, expanding from a team of 20-25 contributors [2][3] - Job openings include roles such as Head of Security, Senior Backend Engineer, and various positions in DeFi and Trading [3] Product and Market Position - Ethena's new products will enhance its stablecoin ecosystem, which includes USDe and USDtb, aimed at maintaining on-chain price stability without direct fiat backing [4] - The new initiatives are expected to launch within three months and could rival the size of USDe [4] Financial Metrics - Ethena's total value locked (TVL) has reached nearly $11.8 billion, reflecting an increase of over 18% month-over-month, driven by integrations across Ethereum Layer-2s and Solana-based liquidity venues [5] Strategic Partnerships - Ethena's reputation has strengthened with backing from notable investors such as Binance Labs, Dragonfly, Fidelity, and Franklin Templeton, indicating strong market confidence [6] - The partnership with M2 Capital, a UAE-based investment arm, has further expanded Ethena's global reach [6] Market Trends - Ethena's "synthetic dollar" model is gaining traction amid increasing regulatory scrutiny of traditional stablecoins like USDT and USDC [8] - Trading volumes for USDe have surged over 25% in the past month, with daily volumes averaging $220 million [8]
Greenlane Holdings Raises $110 Million for Berachain Treasury Strategy
Ventureburn· 2025-10-20 17:03
Core Insights - Greenlane Holdings Inc. has raised $110 million in a private investment round to fund its digital asset treasury focused on BERA, the native cryptocurrency of Berachain [2][3] - The financing was led by Polychain Capital, with participation from notable investors such as Blockchain.com and Kraken, indicating strong institutional interest in the digital asset space [3][10] - Greenlane is launching "BeraStrategy," a dedicated digital asset management arm, to oversee its new treasury strategy [6][10] Investment Details - The investment round includes $50 million in cash or cash equivalents and $60 million in BERA tokens, with investors purchasing Greenlane's Class A common stock at $3.84 per share [3][4] - The deal is expected to close around October 23, 2025, positioning Greenlane as the largest publicly traded holder of Berachain tokens [4] Strategic Shift - Proceeds from the investment will be used to acquire additional BERA tokens, making BERA the company's primary treasury reserve asset, akin to how some companies have adopted Bitcoin or Ether [5][12] - The involvement of institutional investors like Polychain Capital and the participation of crypto-native firms highlight the growing convergence between traditional finance and decentralized finance [9][10] Market Reaction - Following the announcement, Greenlane's stock surged by 30% in premarket trading, reflecting investor optimism regarding the company's pivot towards digital assets [11] - This move aligns Greenlane with other public companies that have embraced blockchain exposure, marking a new phase in corporate treasury management [12] Broader Implications - The integration of Berachain with regulated markets could enhance liquidity and governance participation, contributing to long-term stability within the ecosystem [13] - The shift towards a structured crypto treasury may pave the way for hybrid models that combine corporate strategy with decentralized technology [13]
Why Wall Street Is Dumping Bitcoin for Ethereum’s Hidden Goldmine
Yahoo Finance· 2025-10-20 16:52
Core Insights - BlackRock has begun reallocating some of its crypto investments from Bitcoin to Ethereum, indicating a strategic shift in its asset management approach [1][2] - The asset manager's increased investment in Ethereum over the past year suggests a growing confidence in ETH's potential compared to BTC [1][2] Investment Trends - BlackRock's iShares Ethereum Trust experienced significant inflows, with 80,768 ETH added last month, representing 1.5% of all ETH in circulation [2] - In Q2, BlackRock invested $2.3 billion into ETH spot ETFs, compared to $1.8 billion for BTC, reflecting a deliberate pivot towards Ethereum [3] Market Dynamics - BlackRock views Ethereum's evolving ecosystem as a hedge against Bitcoin's stagnation, citing lower volatility during market downturns [3] - During the recent market correction, ETH's decline was 45%, while BTC fell by 55%, showcasing ETH's relative stability [3] Institutional Sentiment - BlackRock's research indicates that Ethereum's deflationary mechanics post-Merge could enhance its scarcity, potentially leading to a 20% to 30% premium over Bitcoin in the next six months [4] - CoinShares data shows that institutional inflows are aligning with BlackRock's investment trends, suggesting a broader market shift towards Ethereum [4] Comparative Analysis - Bitcoin, often referred to as "digital gold," maintains a strong position as a store of value, with 70% of corporate treasuries still favoring it [5][6] - The fundamental differences between Bitcoin and Ethereum highlight their distinct roles in the cryptocurrency market, with Bitcoin designed as a decentralized cash alternative and Ethereum evolving into a more complex ecosystem [6]
NewGen Announces Strategic Entry into Art Tokenization Market with $2 Million Private Collection Deal, Expandable to $200 Million
Globenewswire· 2025-10-20 12:30
Core Insights - NewGenIvf Group Limited has signed an engagement letter with World Chinese Museum to act as the worldwide agent for the tokenization of the Client's high-value private art collection [1][2][3] - The initial tranche of artwork to be tokenized is valued at US$2 million, with potential expansion up to US$200 million based on the success of the initial rollout [3] - NewGen will earn a 15% fee on the total value of the tokenized assets, creating a new revenue stream for the Company [3] - The art tokenization market is rapidly growing, providing liquidity and fractional ownership opportunities for investors [4] - The CEO of NewGen emphasized the strategic importance of this initiative in the decentralized finance landscape and highlighted the potential disruption in the art market through blockchain technology [5] Company Overview - NewGenIVF Group operates in three strategic business divisions: NewGenProperty (real estate development), NewGenDigital (digital asset and DeFi solutions), and NewGenSup (health and longevity products) [6] - The Company is positioned to capitalize on emerging opportunities across real estate, healthcare, and digital assets, leveraging technology for sustainable growth [6]
Blaqclouds, Inc. Applies for FinCEN Registration as a Money Services Business (MSB) and Initiates Share Audit Following Management Transition
Globenewswire· 2025-10-20 11:30
Core Insights - Blaqclouds, Inc. has submitted its application to register as a Money Services Business (MSB) with FinCEN, marking a significant step towards regulatory compliance and financial transparency [1][5] - The company has initiated a comprehensive audit of common stock transactions and share issuances from April 2025 to October 7, 2025, following a management change [2][6] - The audit aims to ensure proper shareholder approval and legal board authorization for past actions, with potential litigation to protect shareholder interests [4][6] Regulatory Compliance - The registration with FinCEN is crucial for aligning Blaqclouds' Web3 payment technologies with U.S. compliance frameworks [2] - The company is committed to operating transparently and has engaged Dominion Stock Transfer to assist in reconciling share issuances during the disputed period [4][5] Management Changes - A new management team regained control of Blaqclouds on October 7, 2025, which is seen as a turning point for the company's integrity and strategic direction [2][6] - The previous CEO's actions during the disputed period included canceling 250 million shares and increasing the authorized share count to 1 billion, leading to concerns over the legality of these transactions [6] Audit Details - The audit will investigate whether share issuances were executed with valid legal authority, particularly focusing on two Notices of Conversion that may have been improperly authorized [6] - The findings of the audit will be publicly disclosed, and shareholder records will be updated accordingly [4][5] Company Overview - Blaqclouds aims to bridge legacy finance with decentralized networks, providing blockchain solutions for commerce and payments [6] - Key consumer applications include ShopWithCrypto.io, ZEUSxPay.io, DEX.ZEUSx.io, and ApolloWallet.io [7]
Blaqclouds, Inc. Applies for FinCEN Registration as a Money Services Business (MSB) and Initiates Share Audit Following Management Transition
Globenewswire· 2025-10-20 11:30
Core Insights - Blaqclouds, Inc. has submitted its application to register as a Money Services Business (MSB) with FinCEN, marking a significant step towards regulatory compliance and financial transparency [1][5] - The company has initiated a comprehensive audit of common stock transactions and share issuances from April 2025 to October 7, 2025, following a management change [2][6] - The audit aims to ensure proper shareholder approval and legal board authorization for past actions, with potential litigation to protect shareholder interests [4][6] Regulatory Compliance - The registration with FinCEN is crucial for aligning Blaqclouds' Web3 payment technologies with U.S. compliance frameworks [2] - The company is committed to operating transparently and has engaged Dominion Stock Transfer to validate share issuances during the disputed period [4][5] Management Changes - A new management team regained control of Blaqclouds on October 7, 2025, which is seen as a turning point for the company's integrity and strategic direction [2][6] - The previous CEO's actions during the disputed period included canceling 250 million shares and increasing the authorized share count to 1 billion shares, leading to concerns over legal authority [6] Audit Details - The audit will investigate whether share issuances were executed with valid legal authority, and findings will be publicly disclosed [4][6] - Two Notices of Conversion resulting in the issuance of 174 million shares may have been executed without proper authorization [6] Business Overview - Blaqclouds aims to bridge legacy finance with decentralized networks, providing solutions for crypto spending [6] - Key consumer applications include ShopWithCrypto.io, ZEUSxPay.io, DEX.ZEUSx.io, and ApolloWallet.io [7]
BlackRock’s Tokenized ETFs Are Only The Beginning, CEO Says
Yahoo Finance· 2025-10-20 10:10
Tokenization was once just a whisper in the wind. Now, it’s a scream. Investment giant BlackRock, which boasts more than $13 trillion in assets under management, has made tokenized ETFs a top priority, CEO Larry Fink confirmed on an earnings call last week. Fink, who said that the crypto industry is set to grow “rapidly,” is calling for more regulatory clarity as his firm builds up the technology required to tokenize both its ETFs and traditional securities. The move is the latest by one of the industry’s ...
X @Wu Blockchain
Wu Blockchain· 2025-10-20 07:06
South Korea’s largest crypto exchange Upbit will list BIO trading pairs against KRW, BTC, and USDT. Bio Protocol is a decentralized financial and operational infrastructure.https://t.co/cX71v0QFCk ...
Modest Solana Investment Can Double Portfolio Returns, Study Finds
Yahoo Finance· 2025-10-19 19:43
Core Insights - A study indicates that modest exposure to Solana (SOL) can significantly enhance portfolio efficiency, particularly in a traditional 60/40 equities and bonds portfolio [1][2] Performance Analysis - Adding just 1% SOL exposure increases annualized returns to 10.54% with a Sharpe ratio of 0.696 [2] - Increasing SOL allocation to 2.5% boosts returns to 16.64% and a Sharpe ratio of 1.093, while a 5% weighting generates 26.22% returns with a Sharpe ratio of 1.412 [2][3] - A 10% higher-risk allocation can push annualized returns to 43.88% with a Sharpe ratio of 1.687, demonstrating the potential of concentrated SOL exposure [3] Diversification Impact - When a 10% crypto allocation is split equally among Bitcoin, Ethereum, and Solana, annualized returns drop to 19.87%, significantly lower than Solana's solo performance [4] - A 50:30:20 split between Bitcoin, Ethereum, and Solana yields 16.18% returns, while smaller allocations of 5% and 2.5% produce returns of 11.33% and 8.84%, respectively [5] Risk Management - Maximum drawdowns remained relatively contained across various allocations, even as returns increased sharply, indicating that concentrated Solana exposure can deliver higher gains while diversified portfolios offer smoother growth [6] On-Chain Fundamentals - Solana's network processed approximately 96 million daily transactions in Q1 2025, showcasing its low transaction fees and high throughput [7] - The blockchain has seen significant institutional adoption and user growth across various sectors, including payments, gaming, and consumer applications, positioning it as a credible next-generation blockchain [7][8] - Solana is the second-largest decentralized finance ecosystem with over $11 billion in value locked, reinforcing its investment appeal [7] Market Speculation - Speculation around a potential US spot Solana ETF is growing, contributing to discussions about crypto's evolving role in modern portfolio theory [8]
1 Top Cryptocurrency to Buy Before It Soars over 500%, According to Standard Chartered
The Motley Fool· 2025-10-18 08:45
Standard Chartered thinks Ethereum has strong potential.Standard Chartered (STAN -3.54%) global head of digital assets research, Geoff Kendrick, says he believes Ethereum (ETH 3.77%) could reach $25,000 by 2028. That's a 505% increase from the closing price of $4,128 on Oct. 14. Kendrick, who is known for his bullish predictions, also thinks Ethereum could reach $7,500 by the end of this year. Kendrick identified two major drivers that could propel Ethereum to new highs. One is heavy corporate and instituti ...