Decentralized finance (DeFi)

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BTCS Inc. Capitalizes on Market Dislocations to Expand Ethereum Holdings and Staking Operations
Newsfile· 2025-04-28 12:30
Core Viewpoint - BTCS Inc. is strategically expanding its Ethereum holdings and staking operations by leveraging decentralized finance (DeFi) through borrowing on AAVE, aiming to capitalize on current market conditions [2][3][4]. Group 1: Strategic Initiatives - The company is borrowing USDT via AAVE, using ETH as collateral, to acquire additional ETH and enhance its staking operations [3][4]. - BTCS believes that Ethereum is at or near a cyclical bottom, presenting a compelling opportunity for investment [3][4]. Group 2: Financial Strategy - By utilizing AAVE for borrowing, BTCS can access capital at attractive rates, historically below 5%, without diluting equity, thus preserving shareholder value [4]. - The initiative is part of a broader strategy to grow revenue and improve margins through increased participation in Ethereum's consensus mechanism [5]. Group 3: Company Overview - BTCS Inc. focuses on blockchain infrastructure technology, particularly in block building and validator node management, and operates a branded block-building operation called Builder+ [6]. - The company also supports other blockchain networks by operating validator nodes and staking crypto assets across multiple proof-of-stake networks [6].
DeFi Development Corporation Adds $9.9M in Solana to Treasury
Newsfilter· 2025-04-23 18:00
Core Viewpoint - DeFi Development Corporation has strategically acquired approximately 65,305 Solana (SOL) tokens, increasing its total holdings to about 317,273 SOL, valued at $48.2 million, which includes staking rewards [1][8]. Group 1: Acquisition Details - The recent purchase includes locked SOL sourced via BitGo's OTC desk, allowing the company to acquire tokens below market prices while aligning with the Solana ecosystem [1][3]. - Locked SOL refers to tokens under contractual restrictions that cannot be transferred on-chain until their unlock period expires, but can be traded over-the-counter [2]. Group 2: Treasury Policy - The company has adopted a treasury policy that allocates its principal holding in treasury reserves to Solana (SOL), providing investors access to the Solana ecosystem [4]. - The treasury policy aims to offer economic exposure to SOL investment for investors [4]. Group 3: Financial Metrics - Total SOL held by the company is 317,273, valued at approximately $48.2 million [8]. - The total shares outstanding are approximately 1.5 million, resulting in a SOL per share (SPS) of 0.22, valued at $32.88 per share, with a 40% growth in SPS compared to the last purchase [8].
DeFi Development Corporation to Host X Spaces Event with Industry Leaders: "Scaling Solana: Builders, Backers, & Believers"
Newsfilter· 2025-04-22 20:00
BOCA RATON, FL, April 22, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corporation (NASDAQ:JNVR) (the "Company") today announced that it will host a live Twitter Spaces conversation on Thursday, April 24, 2025, at 11:30 a.m. Eastern Time, titled "Scaling Solana: Builders, Backers, & Believers." The conversation will bring together leading voices in the Solana ecosystem for a candid and in-depth discussion of Solana's growth, infrastructure, and capital markets trajectory. What Listeners Can Expect: A behind-th ...
DeFi Development Corporation Purchases Approximately $11.5 Million of Solana (SOL) as Part of New Treasury Strategy
Newsfilter· 2025-04-22 14:00
Core Viewpoint - DeFi Development Corporation has strategically increased its investment in Solana (SOL) by purchasing 88,164 SOL for approximately $11.5 million, bringing its total holdings to 251,842 SOL valued at around $34.4 million, which includes staking rewards [1][3]. Group 1: Investment Strategy - The newly acquired SOL will be staked immediately to generate yield and enhance the security of the Solana network [1]. - This purchase is part of the company's recent $42 million financing round, indicating a proactive approach to capital deployment under favorable market conditions [1][2]. - The Board of Directors approved a treasury policy on April 4, 2025, focusing on the long-term accumulation of cryptoassets, starting with Solana [2]. Group 2: Financial Metrics - As of April 22, 2025, DeFi Development Corporation holds a total of 251,842 SOL valued at approximately $34.4 million [1][7]. - The total shares outstanding are 1,466,549, resulting in a SOL per share (SPS) of 0.17, valued at $23.47 per share, reflecting a 62% growth in SPS compared to the last purchase [7]. Group 3: Company Overview - DeFi Development Corporation aims to provide investors with access to the Solana ecosystem through its treasury policy, which allocates principal holdings to SOL [3]. - The company plans to operate one or more Solana validators to stake treasury assets, contributing to network security and reinvesting staking rewards [2].
Crypto Industry Leaders Acquire Majority Ownership of Janover Inc.
Newsfilter· 2025-04-07 12:00
Core Viewpoint - An all-former-Kraken team has acquired majority ownership in Janover Inc., aiming to bridge the liquidity gap between Traditional Finance and Decentralized Finance, with a focus on implementing a digital asset treasury strategy centered on Solana [1][6]. Company Overview - Janover Inc. (NASDAQ:JNVR) is an AI-powered online platform that connects the commercial real estate industry, providing data and software subscriptions as well as value-add services to property professionals [9]. - The company serves over one million web users annually, including property owners, developers, and various lenders, facilitating billions of dollars in debt financing each year [10][11]. Leadership Changes - Joseph Onorati has been appointed as Chairman and CEO, while Parker White takes on the roles of Chief Investment Officer and Chief Operating Officer. Blake Janover and William Caragol will remain on the board, with Marco Santori joining as a new board member [2]. Treasury Policy and Digital Assets - The Board has adopted a treasury policy allocating its principal holding to digital assets, starting with Solana (SOL). The company plans to acquire Solana validators and stake SOL to generate revenue for further acquisitions [3][12]. - Staking on Solana is identified as a multi-billion dollar business, with validators playing a crucial role in transaction validation and network consensus [4]. Business Model Transition - Janover will continue its transition to a Software as a Service (SaaS) business model, with key personnel remaining involved in daily operations to maintain service quality [5]. Future Growth and Strategy - The company aims to provide investors with economic exposure to the Solana ecosystem through its new treasury policy, marking a significant step in mass DeFi adoption [6][12]. - The leadership team brings extensive experience in digital assets, trading, and operations, positioning the company for future growth [7]. Name and Ticker Change - As part of the acquisition, Janover will undergo a name and ticker symbol change, transitioning to DeFi Development Corporation at a future date [8].
1 Big Reason Solana Could Outperform Ethereum for Years
The Motley Fool· 2025-04-03 10:30
Core Viewpoint - The competition between Solana and Ethereum is intensifying, with Solana currently holding a potential long-term advantage due to its superior transaction speed and lower costs compared to Ethereum [1][4]. Market Sentiment - Market movements are heavily influenced by sentiment rather than fundamentals, with Ethereum currently facing poor sentiment while Solana's sentiment is relatively better [2]. - Despite both cryptocurrencies experiencing price declines over the past year, Solana has shown significant growth over the past two years, increasing by over 500%, while Ethereum's growth has been minimal at just 6% [3]. Fundamental Factors - Solana's outperformance is attributed to its faster and cheaper transaction capabilities, making it a more attractive platform for decentralized finance (DeFi) applications and other projects [4]. - The alignment of developers, users, and investors towards Solana creates increased demand for its coin, while Ethereum suffers from a lack of satisfaction among its users, leading to a decrease in its value [5]. Technological Developments - Ethereum's upcoming upgrade, Pectra, is unlikely to significantly change its competitive position against Solana, as its transaction speeds and fees will still not match Solana's [6]. - Ethereum's development cycle, with major updates occurring approximately every 18 months, may hinder its ability to regain momentum in the near future [6]. Market Capitalization - Ethereum has a market cap of $230 billion, significantly larger than Solana's $64 billion, suggesting that while Ethereum may face challenges, it is unlikely to be completely overtaken by Solana in the short term [7]. - Capital is expected to continue flowing from Ethereum to Solana, with new investments likely favoring Solana until Ethereum resolves its image and technical issues [8]. Future Outlook - The current pessimism surrounding Ethereum may eventually become unjustifiable due to its inherent strengths, such as its smart contract infrastructure, which could lead to a price rebound in the future [9]. - However, at present, there is little incentive for investors to choose Ethereum over Solana [9].
BYDFi Officially Launches Nillion Token, Opening NIL/USDT Spot Trading
Globenewswire· 2025-03-24 14:03
Group 1: Launch of Nillion Token - Global crypto exchange BYDFi has launched the Nillion token (NIL), allowing users to trade the NIL/USDT spot pair, marking its first appearance on the platform [1] - The launch aims to accelerate the adoption of privacy-preserving computation across various industries [1] Group 2: Privacy Challenges and Solutions - The increasing prevalence of data breaches and misuse of personal information highlights the critical need for data privacy, especially in the context of AI technology [2] - Nillion introduces innovative solutions as humanity's first "blind computer," utilizing privacy-enhancing technologies (PETs) such as Multi-Party Computation (MPC), Homomorphic Encryption, and Zero-Knowledge Proofs (ZKPs) to secure data during transmission and processing [3] Group 3: Strategic Partnerships and Ecosystem Growth - Nillion has formed strategic partnerships with leading industry projects, including Meta and Virtuals Protocol, focusing on AI privacy computation and medical data governance [4] - The Nillion network has surpassed 500,000 validation nodes, indicating robust ecosystem growth [4] Group 4: Utility of NIL Token - The NIL token serves as the core utility token within the Nillion ecosystem, facilitating payments for computation services, data storage fees, and transaction costs, while also playing a role in governance and node incentives [5] - The NIL token has attracted strategic investments from prominent institutions like Binance Labs and Hashkey Capital, providing a solid financial foundation for its growth [5] Group 5: BYDFi Exchange Features - BYDFi, as one of the first exchanges to list the NIL token, is offering new users bonuses of up to 8100 USDT and features a convenient "Buy Crypto" option for easy purchases [6] - The exchange supports fiat deposits from over 150 countries, enhancing accessibility for global users [6] Group 6: Applications of Nillion Technology - Nillion's technology has significant potential in various sectors, including compliant medical imaging analysis, financial fraud detection, and providing a privacy computation layer for decentralized finance (DeFi) protocols [8] - The technology also assists enterprises in building secure, GDPR-compliant data collaboration networks [8]