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BTCS Secures MetaMask Order Flow and Anticipates All-Time Record Revenue in Q2
Newsfile· 2025-07-02 13:25
Core Insights - BTCS Inc. has achieved a significant milestone by surpassing 2.7% market share of all Ethereum network transactions in Q2, qualifying for direct order flow from MetaMask, a leading Ethereum wallet with over 100 million users [1][2] - The integration with MetaMask is expected to enhance BTCS's transaction capture capabilities, leading to higher associated fees and more profitable block building [2][4] - BTCS has secured additional order flow partnerships with Blink, Kolibrio, Cowswap, and Copium, diversifying its sources and strengthening its position as an Ethereum block builder [3] Company Strategy - The company aims to grow revenue through enhancing its technology stack, increasing order flow, and controlling block space, which is seen as a validation of its long-term strategy [5] - CEO Charles Allen highlighted the challenges of securing order flow while building a large volume of blocks, indicating that the recent partnerships are crucial for establishing market position [4] Financial Outlook - BTCS anticipates an all-time record high revenue for Q2, although the pursuit of controlling block space and winning order flow partners may negatively impact margins [4]
Correction: DeFi Development Corp. Announces Upsized $112.5 Million of Convertible Notes
Globenewswire· 2025-07-02 13:10
Core Viewpoint - DeFi Development Corp. has announced a private offering of $112.5 million in convertible senior notes, aimed at accumulating and compounding Solana (SOL) as part of its treasury strategy [1][13]. Group 1: Transaction Details - The offering includes an option for initial purchasers to buy an additional $25 million in convertible notes within a 7-day period after the initial issuance [2]. - The expected closing date for the offering is July 7, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The estimated net proceeds from the offering are approximately $108.1 million, or $132.2 million if the additional notes option is fully exercised [3]. - Approximately $75.6 million of the net proceeds will be used for a prepaid forward stock purchase transaction, with the remainder allocated for general corporate purposes, including the acquisition of SOL [3]. Group 3: Convertible Notes Details - The convertible notes will have a 5.5% annual interest rate, payable semi-annually, and will mature on July 1, 2030 [4]. - The initial conversion rate is set at 43.2694 shares per $1,000 principal amount, equating to an initial conversion price of about $23.11 per share, representing a 10% premium over the closing price of $21.01 on July 1, 2025 [5]. Group 4: Redemption and Repurchase Rights - The company cannot redeem the convertible notes before July 5, 2026, but may do so thereafter under certain conditions [6]. - Holders of the convertible notes have the right to require the company to repurchase their notes upon a fundamental change at a cash price equal to 100% of the principal amount plus accrued interest [8]. Group 5: Prepaid Forward Stock Purchase Transaction - The company has entered into a prepaid forward stock purchase transaction valued at approximately $75.6 million, initially covering about 3.6 million shares of common stock [9]. - This transaction is designed to facilitate derivative transactions, allowing investors to hedge their investments in the convertible notes [10]. Group 6: Company Overview - DeFi Development Corp. focuses on accumulating Solana (SOL) as a primary asset in its treasury, providing investors with direct exposure to SOL while participating in the Solana ecosystem's growth [13]. - The company also operates its own validator infrastructure and engages in decentralized finance (DeFi) opportunities, alongside running an AI-powered platform for the commercial real estate industry [13].
DeFi Development Corp. Announces Upsized $112.5 Million of Convertible Notes
Globenewswire· 2025-07-02 12:00
Core Viewpoint - DeFi Development Corp. has announced a private offering of $112.5 million in convertible senior notes, aimed at accumulating and compounding Solana (SOL) as part of its treasury strategy [1][13]. Group 1: Transaction Details - The offering includes an option for initial purchasers to buy an additional $25 million in convertible notes within a 7-day period after the initial issuance [2]. - The offering is expected to close on July 8, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The estimated net proceeds from the offering will be approximately $108.1 million, or about $132.2 million if the additional notes option is fully exercised [3]. - Approximately $75.6 million of the net proceeds will be used for a prepaid forward stock purchase transaction, with the remainder allocated for general corporate purposes, including the acquisition of SOL [3]. Group 3: Convertible Notes Details - The convertible notes will have a 5.5% annual interest rate, payable semi-annually, and will mature on July 1, 2030 [4]. - The initial conversion rate is set at 43.2694 shares per $1,000 principal amount, equating to an initial conversion price of approximately $23.11 per share, representing a 10% premium over the closing price of $21.01 on July 1, 2025 [5][7]. Group 4: Prepaid Forward Stock Purchase Transaction - The company has entered into a prepaid forward stock purchase transaction valued at approximately $75.6 million, initially covering about 3.6 million shares of common stock [9]. - This transaction is designed to facilitate derivative transactions, allowing investors to hedge their investments in the convertible notes [10]. Group 5: Company Overview - DeFi Development Corp. focuses on accumulating SOL as its primary treasury asset, providing investors with direct exposure to the Solana ecosystem [13]. - The company also operates its own validator infrastructure and engages in decentralized finance (DeFi) opportunities, while offering an AI-powered platform for the commercial real estate industry [13].
Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)
Globenewswire· 2025-07-02 11:30
Core Insights - DeFi Technologies Inc. has launched eight new SEK-denominated exchange-traded products (ETPs) through its subsidiary Valour, expanding its offerings to over 75 ETPs and reinforcing its position in the digital asset market [1][2][9] Group 1: New ETP Listings - The newly listed ETPs include Valour Bitcoin Cash (BCH), Valour Unus Sed Leo (LEO), Valour OKB (OKB), Valour Polygon (POL), Valour Algorand (ALGO), Valour Filecoin (FIL), Valour Arbitrum (ARB), and Valour Stacks (STX) [9][10] - These ETPs provide regulated, exchange-traded access to leading blockchain protocols and infrastructure projects, catering to growing investor demand for diversified digital asset exposure [9][14] Group 2: Market Position and Goals - Valour aims to achieve 100 listed ETPs by the end of 2025, with the recent additions solidifying its leadership in the regulated digital asset investment space [14][15] - The company has surpassed 75 ETPs, delivering the broadest lineup of digital asset ETPs across major European exchanges, including Spotlight Stock Market, Börse Frankfurt, and Euronext [14][15] Group 3: Executive Commentary - Johanna Belitz, Head of Nordics at Valour, highlighted the strong demand in the Nordic market for transparent and regulated exposure to digital assets [13] - Elaine Buehler, Head of Product at Valour, emphasized the strategic curation of products that reflect the evolving architecture of Web3, aiming to provide compliant exposure to foundational infrastructure and high-utility ecosystem tokens [13]
DeFi Development Corp. Announces Proposed Private Offering of $100 Million of Convertible Notes
Globenewswire· 2025-07-01 20:10
Core Viewpoint - DeFi Development Corp. plans to offer $100 million in convertible senior notes due 2030, with an option for an additional $25 million, to qualified institutional buyers, aiming to enhance its treasury strategy focused on accumulating Solana (SOL) [1][2] Group 1: Offering Details - The offering of convertible senior notes is subject to market conditions and will be made under Rule 144A of the Securities Act [1] - The notes will accrue interest semi-annually starting January 1, 2026, and will mature on July 1, 2030, unless converted or repurchased earlier [3] - The initial conversion rate and other terms will be determined during pricing negotiations with initial purchasers [4] Group 2: Use of Proceeds - A portion of the net proceeds will be used to repurchase shares of the Company's common stock, while the remainder will be allocated for general corporate purposes, including acquiring SOL [2] Group 3: Prepaid Forward Transaction - The Company plans to enter a prepaid forward stock purchase transaction with an initial purchaser to facilitate derivative transactions, allowing investors to hedge their investments in the convertible notes [5][6] - This prepaid forward is expected to enable investors to establish short positions that may correspond to their investment hedges [6] Group 4: Market Impact - Activities related to the prepaid forward may influence the market price of the common stock and the convertible notes, potentially affecting conversion prices and the value received by noteholders upon conversion [8][7] Group 5: Company Overview - DeFi Development Corp. has a treasury policy that primarily allocates its reserves to SOL, providing investors with direct exposure to the cryptocurrency while participating in the Solana ecosystem [9] - The Company operates its own validator infrastructure, generating staking rewards and is engaged in decentralized finance (DeFi) opportunities [9]
VivoPower Receives Nasdaq Letter Confirming it is in Compliance with Nasdaq Listing Standard
Globenewswire· 2025-07-01 19:50
Core Viewpoint - VivoPower International PLC has successfully complied with Nasdaq Listing Rule 5550(b)(1) after raising US$60.5 million in gross proceeds from a private placement, thus meeting the minimum stockholders' equity requirement of US$2.5 million [1][2]. Group 1: Compliance and Financial Status - On January 3, 2025, VivoPower received a notification from Nasdaq indicating non-compliance with the stockholders' equity requirement [2]. - Following the completion of the first phase of a US$121 million private placement, VivoPower has now satisfied the stockholders' equity requirement [2]. - Nasdaq will continue to monitor VivoPower's compliance, and failure to meet the requirement in the next periodic report could lead to potential delisting [3]. Group 2: Company Transformation - VivoPower is undergoing a strategic transformation to become the world's first XRP-focused digital asset enterprise, focusing on the acquisition and management of XRP digital assets [4]. - The new direction aims to support decentralized finance (DeFi) infrastructure and real-world blockchain applications, contributing to the growth of the XRP Ledger [4]. Group 3: Company Overview - Founded in 2014 and listed on Nasdaq since 2016, VivoPower operates globally across various regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [5]. - The company has two business units: Tembo, which focuses on electric solutions for ruggedized fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [5].
Dogecoin Cash Inc. (OTCQB: DOGP) Forms Dogecoin Treasury, Inc. to Support Development of Dogecoin-Related Tools and Infrastructure
Globenewswire· 2025-07-01 14:53
Core Viewpoint - Dogecoin Cash Inc. has established a new subsidiary, Dogecoin Treasury, Inc. (DTI), to develop and manage software tools and infrastructure related to Dogecoin, including the ongoing development of the Dogecoin Protocol [1][2][3] Company Overview - Dogecoin Cash, Inc. (OTCQB: DOGP) is a publicly traded company involved in digital asset development and operates PrestoDoctor, a leader in medical cannabis telemedicine [4] - The company holds the first patented cannabis strain and a patented cannabis lozenge for hypertension treatment, focusing on cannabis product development and licensing [4][5] Business Segments - The core business segments include cannabis telemedicine and the development of cannabis-based products, with an emphasis on expanding the product portfolio through strategic licensing and partnerships [5] - The company is exploring blockchain technology and decentralized finance (DeFi) applications to enhance transparency and efficiency in cannabis supply chains [6] Strategic Initiatives - Dogecoin Cash, Inc. is actively pursuing strategic mergers, acquisitions, and joint ventures to strengthen its position in both the cannabis and blockchain sectors [7] - The company aims to broaden its investor base and enhance shareholder value through market expansion and diversification of revenue streams [8] Future Vision - The long-term vision of Dogecoin Cash, Inc. includes leveraging blockchain for real-world applications, such as traceability in the cannabis industry and DeFi lending solutions [9]
X @Token Terminal 📊
Token Terminal 📊· 2025-07-01 12:37
RT Abdul (@0x_Abdul)Categories of highest-revenue generating protocols:- Stablecoin issuers- Blockchains (L1s/L2s)- Lending protocols- DEXes (spot & perps)- Token launchers- Trading bots- Wallets- Liquid staking / MEV- DEX analytics/terminals ...
Coinbase Bets on Tech to Drive Growth and Stay Ahead of Trends
ZACKS· 2025-06-30 17:01
Key Takeaways Coinbase spent 17% of Q1 2025 revenues on tech to boost innovation and platform scalability. COIN's tech focus supports DeFi, staking, NFTs, and builds trust with users and regulators. EPS estimates for COIN's 2025 and 2026 have risen 22.8% and 2.7%, signaling an improved outlook.Technology and development spending is an important part of Coinbase Global’s (COIN) long-term growth strategy, reflecting its focus on innovation, platform scalability, and gaining a competitive edge. In the dynami ...
X @Ansem 🧸💸
Ansem 🧸💸· 2025-06-27 03:09
RT davo | drift (@davijlu)Drift's immediate plan is to be the best decentralised derivatives platform. Built on @solana at the L1 level to harness the global atomic state machine. No rollups or isolated environments.The benefit is asset availability. Drift is the only cross-margin perps DEX and this is only possible because of the L1. Products built on the L1 are directly downstream of asset issuance. You can expect an L1 like Solana to dominate in this area in the coming years.To date, Drift has $1 billion ...