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BIGG Digital Assets Inc. Reports Financial Results for Q3 2025
Globenewswire· 2025-11-28 11:00
Financial Performance - BIGG Digital Assets Inc. reported a gross operating revenue of CAD 3.29 million for Q3 2025, with CAD 2.73 million from Netcoins and CAD 0.56 million from Blockchain Intelligence Group, marking a year-over-year increase of 56% for Netcoins and 37% for BIG [6] - Netcoins generated CAD 2.73 million in revenue, up from CAD 1.74 million in 2024, with a transaction revenue of CAD 2.7 million, reflecting a 55% year-over-year increase [6] - BIG recorded a strong gross margin of 90% in Q3 2025, compared to 85% in 2024 [6] - The company reported a net income of CAD 1.42 million in Q3 2025, a significant turnaround from a net loss of CAD 12.1 million in Q3 2024 [6] - Operating expenses decreased to CAD 4.8 million from CAD 7.7 million in Q3 2024, contributing to a year-to-date net loss of CAD 2.32 million, down from CAD 14.43 million in 2024 [6] Netcoins Platform Metrics - As of September 30, 2025, Netcoins' Assets Under Custody (AUC) reached CAD 239.5 million, an increase of CAD 38.1 million or 19% year-over-year [6] - The AUC also increased by CAD 51.75 million or 28% from Q2 2025, indicating a notable trend reversal [6] - Active users on the Netcoins platform reached 9,378, reflecting a 17% year-over-year increase, although there was a seasonal decline of 10% from Q2 2025 [6] Regulatory Developments - Netcoins announced a two-year extension to its exemptive relief decision granted by the British Columbia Securities Commission, with plans to submit applications to become a registered investment dealer [12] Balance Sheet - As of September 30, 2025, BIGG held approximately CAD 21.5 million in cash and crypto assets, with no debt reported [13] TerraZero Developments - TerraZero is continuing the development of Intraverse, a gamified social platform that offers users customizable virtual environments for various activities, including monetization opportunities for artists and brands [7]
X @Polyhedra
Polyhedra· 2025-11-28 10:45
Problem Highlighted - Freelancers' income trail is permanently visible on-chain, posing a privacy risk [1] - Every client and payout is tied to a single public address, creating transparency concerns [1] Potential Solution (Implied) - Ocash aims to address the privacy issues associated with on-chain freelancer payments [1]
X @CoinMarketCap
CoinMarketCap· 2025-11-28 10:00
⚡️ @Thorwallet integrates TRON blockchain support, enabling cross-chain swaps for TRX and USDT (TRC-20).Users can now swap between TRON and networks like Bitcoin, Ethereum, Solana, and BSC through THORChain and NEAR Intents routing.Read more 👉 https://t.co/0M0GR7Qq6t(CMC Labs: Partnership) ...
X @Cointelegraph
Cointelegraph· 2025-11-28 08:31
Blockchain Performance - Only 11 blockchains generated fees exceeding $100 thousand last week [1] - Just six blockchains surpassed $1 million in fees last week, according to Nansen [1]
X @Bitget Wallet 🩵
Bitget Wallet 🩵· 2025-11-28 06:14
See you at India Blockchain Week 🫡South Asia frens, we'll catch you at our booth with @bitget. Catch both our CMOs there:> Jamie @Elkaleh> Ignacio @ignaciobitget5 more days to go! #EventwithBitget @IBWofficialBitget (@bitget):We're officially a Gold Sponsor of @IBWofficial!We are thrilled to support one of the region's most influential blockchain gatherings and connect with top builders, partners, and innovators.#EventwithBitget https://t.co/vONTnd5LDa ...
X @Ansem
Ansem 🧸💸· 2025-11-28 02:53
The crypto trade is just beginning. Blockchains and smart contracts are superior infrastructure.Opportunities will plentiful, regulatory environment has never been better & many crypto startups will unseat existing incumbentsHyperliquid, Polymarket, & others are Mag7 2.0 ...
X @Starknet (BTCFi arc) 🥷
Starknet 🐺🐱· 2025-11-28 01:57
RT Brother Lyskey 🥷 (@Lyskey)This is what Starknet is building.A scaling and privacy layer for all blockchains that matter. https://t.co/biGmiUPyJi ...
X @Ansem
Ansem 🧸💸· 2025-11-28 00:19
Market Sentiment & Valuation - The crypto market has shifted from financial nihilism to financial cynicism, with concerns about overvaluation and potential corrections [4][5] - Applying P/E ratios to smart contract chains is seen as limiting the industry to linear growth, rather than embracing its exponential potential [35] - The market prices new challenger chains based on their probability of success relative to established chains like Ethereum (ETH) and Solana (SOL) [14] Exponential Growth & Long-Term Vision - The author argues for a long-term belief in the crypto exponential, drawing parallels to the early days of e-commerce and the internet [24][36] - Crypto is transforming financial assets into easily transferable digital formats, enabling 24/7 global interconnectedness and openness [31] - The author believes that open, interconnected systems will ultimately win, similar to how the internet disrupted other industries [31][32] Chain Valuation & Metrics - The author defends the valuation of Ethereum (ETH) and Solana (SOL), suggesting that their value underpins the potential of other chains [21] - The author argues that focusing on exchange-like profit margins for L1s misses the point of why people invest in them [9] - The author believes that even if new chains win, there's a perception that the contest is not worth winning because valuations are considered inflated [18] Industry Dynamics & Challenges - The author acknowledges the greed of various participants in the crypto market but argues that it's not a new phenomenon and doesn't invalidate the potential of the technology [12] - Crypto growth is more volatile than e-commerce due to its ties to macro forces and regulatory pressures [30] - The author suggests that the crypto industry's center of gravity has shifted from Silicon Valley to Wall Street, potentially impacting its understanding of exponential growth [29]