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NextGen Digital Announces Private Placement of Special Warrants Convertible into Secured Digital Asset-Backed Notes
Globenewswire· 2025-07-09 11:30
Core Viewpoint - NextGen Digital Platforms Inc. has announced a non-brokered private placement of up to 2,000 special warrants for gross proceeds of up to C$2,000,000, funded through the contribution of Bitcoin and/or Ethereum by an arm's-length purchaser [1][2][11] Group 1: Offering Details - The Offering will consist of up to 2,000 special warrants, with gross proceeds expected to reach C$2,000,000 [1] - Each special warrant will automatically convert into $1,000 principal amount of 10.0% secured convertible notes upon certain conditions [3] - The notes will mature one year from issuance and bear interest at a rate of 10.0% per annum, payable at maturity either in cash or in units of the company [4] Group 2: Structure of Securities - Each unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at a 25% premium to the conversion price [5] - Holders of the notes may convert the principal amount into units at the conversion price or receive the digital assets contributed upon subscription [6] - The digital assets will be held in segregated custody and will not be used or encumbered by the company prior to maturity [7] Group 3: Regulatory and Closing Conditions - The Offering will rely on available prospectus exemptions and all securities issued will be subject to a four-month hold period under Canadian securities laws [8] - Closing of the Offering is contingent upon necessary corporate and regulatory approvals, with an expected closing in Q3 2025 [9] Group 4: Strategic Importance - This Offering and partnership with the purchaser represent a key milestone in the company's long-term strategy, establishing a Bitcoin treasury and expanding into the digital asset ecosystem [10][11]
Oyster Enterprises II Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing July 11, 2025
GlobeNewswire News Room· 2025-07-08 20:01
Company Overview - Oyster Enterprises II Acquisition Corp is a blank check company formed to effect mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses [2] - The company may pursue acquisition opportunities across various industries, including technology, media, entertainment, sports, consumer products, financial services, real estate, and hospitality [2] - A specific focus is placed on AI companies that complement or disrupt these industries, as well as companies within the digital assets and blockchain ecosystem [2] Trading Information - Starting July 11, 2025, holders of units sold in the initial public offering can separately trade the Company's Class A ordinary shares and rights [1] - The Class A ordinary shares will trade under the symbol "OYSE," while the rights will trade under the symbol "OYSER" on the Nasdaq Global Market [1] - Units that are not separated will continue to trade under the symbol "OYSEU" [1]
2025 Mid-Year Crypto Outlook | Covering Crypto | Fidelity Investments
Fidelity Investments· 2025-07-08 19:36
Crypto Market Overview & Trends - The discussion is tailored for advanced crypto investors to understand the evolution of the digital assets landscape in 2025 [1] - The panel addresses customer questions regarding the potential impact of pending legislation and regulations at the state and federal levels [1] - The conversation includes the usefulness of stablecoins and the impact of taxes and tariffs on crypto prices [1] - The discussion explains the connection between the crypto and equity markets [1] Regulatory & Legislative Landscape - The panel provides an update on regulation and legislative matters [1] - Discussion includes what's next in 2025 regarding laws, strategic reserves, and executive orders [1] - The discussion covers the potential impact of the GENIUS Act [1] Fidelity Digital Assets - Fidelity Digital Asset Services, LLC provides Fidelity Crypto accounts and custody and trading of crypto [1] - Fidelity Digital Asset Services, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services [1]
X @CoinDesk
CoinDesk· 2025-07-08 16:09
RT CoinDesk Indices (@CoinDeskMarkets)Digital Assets: Quarterly Review and Outlook by @CoinDesk is now available!👉 This report includes a Q2 recap, Q3 outlook and deep dive into digital assets dominating headlines.👉 Download the report today and comment with your favorite finding! https://t.co/CCXE6vadf4 https://t.co/W3Qn2TseNB ...
X @CoinDesk
CoinDesk· 2025-07-08 12:29
RT CoinDesk Indices (@CoinDeskMarkets)@CIG_Crypto released, “Mapping Digital Assets in Institutional Portfolios.”👉 This report meets at the intersection of allocators, fund managers and data.👉 @baehr writes, “Institutional crypto benchmarking addresses a critical gap as digital assets mature from their grassroots origins into institutional portfolios...”👉 Read the report and tell us your favorite excerpt: https://t.co/3RuBAsWIwE ...
Hyperscale Data Reports Approximately $11.2 Million in Bitcoin Mining Revenue Year to Date, Including Approximately $1.5 Million for June 2025
Globenewswire· 2025-07-08 10:30
Group 1 - Hyperscale Data, Inc. announced that its subsidiary Sentinum, Inc. received approximately 13.7 Bitcoin in June 2025 and approximately 103.7 Bitcoin year-to-date through June 30, 2025 from its mining pool [1][2] - Sentinum entered into a hosting services agreement in Montana, providing access to approximately 20 megawatts of energy capacity for its Bitcoin mining operations, with 6,800 Antminers delivered and operational [2][3] - The company reported approximately $11.2 million in year-to-date Bitcoin mining revenue, with expectations for significant revenue growth in the third and fourth quarters of 2025 [3] Group 2 - The activation of two additional Bitcoin mining sites has increased the total operational Antminers to approximately 18,200 [3] - Sentinum has reenergized approximately 10 MWs of power at its Montana facility, with plans to increase operational Antminers from 2,600 to approximately 3,200 by the end of July 2025 [2][3] - The company is focused on maximizing efficiency and delivering long-term value to stockholders [3] Group 3 - Hyperscale Data is planning to divest its subsidiary Ault Capital Group, Inc. by December 31, 2025, transitioning to solely operate data centers for high-performance computing services [6] - The company will continue to support various industries, including AI ecosystems, through its data center operations [5][6]
X @Cathie Wood
Cathie Wood· 2025-07-07 21:20
Team Expansion - ARK welcomes Raye Hadi to the Digital Assets team [1] - Raye Hadi joins ARKInvest to advance the financial infrastructure of the next era [1] Focus Area - The Digital Assets team will focus on the evolution of blockchain and crypto [1] - The team's initial success is with $CRCL [1]
Crypto Regulation and Proliferation in Africa
Bloomberg Television· 2025-07-06 05:00
Crypto Adoption in Sub-Saharan Africa - Sub-Saharan Africa accounts for 2.7% of global crypto transactions between July 2023 and June 2024 [1] - Nigeria ranks second globally in crypto adoption, following only India; Ethiopia, Kenya, and South Africa are also significant players [1] - Stablecoins account for almost half of the region's total transaction volume, driven by their utility as a workaround for currency shortages [2] Stablecoins Market Dynamics - Stablecoins have a market capitalization of approximately $250 billion [3] - Estimated $5 trillion in stablecoin transaction volumes were settled last year [3] - About 50% of blockchain activity is related to stablecoins, with similar percentage observed in Africa [3] - Yellow Card has processed approximately $6 billion in transaction volume in the last several years, with 99% in stablecoins [4][5] Regulatory Landscape - Several African nations are developing digital asset regulatory frameworks, with some already established [6] - Kenya, Zambia, and Rwanda published draft legislation in March [6] - Morocco, which banned crypto transactions since 2017, recently presented draft legislation to lawmakers and the central bank [6] - Kenya's Finance Committee invited Yellow Card to help draft digital asset legislation [8] Market Influences - 70% of African economies have faced crisis levels of U S dollar liquidity in the last year [10] - Approximately 80% of intra-Africa payments are cleared outside the continent in U S dollars [11] Central Bank Engagement - The Central Bank of Ghana is working closely with the ecosystem to gain insights on innovation within the digital asset space [13] - The Central Bank of Ghana collaborated with stakeholders for over a year to establish a balanced policy framework [14] - A crypto chamber in Ghana is focused on consolidating the fragmentation between the ecosystem and the central bank [20] Interoperability and Financial Inclusion - Interoperability is crucial, especially between francophone and anglophone countries [17] - Stablecoins are important for interoperability and integration with potential CBDC projects [18] - Digital assets promote financial inclusion, particularly for the unbanked population [18]
X @CoinDesk
CoinDesk· 2025-07-05 18:55
🏦 Take control of your digital assets!Join CoinDesk for a deep dive into secure, flexible digital asset custody. Explore how institutions can define rules, manage keys, and orchestrate token operations with precision, preparing for the accelerating world of tokenization.🗓️July 10th⏰10 A.M. ETGet expert insights into scaling from pilot to production: 🔗 ⤵️ https://t.co/RZv88gwXHk[Sponsored by @Ripple] ...
X @Cointelegraph
Cointelegraph· 2025-07-04 16:01
📱 Chapter 4 of 4 is live!SIM swap attacks are on the rise—do you know how to protect your digital assets? Find out how to secure your accounts and stay ahead of scammers.Let’s celebrate your newfound Web3 security skills! 🎉 https://t.co/mrKHdFfJvz ...