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Mill City Reports Second Quarter 2025 Results; Provides Update on SUI Treasury Strategy Launched on July 31, 2025
Globenewswire· 2025-08-14 21:09
Core Insights - Mill City Ventures III, Ltd. has established itself as the largest publicly traded SUI treasury, backed by an exclusive relationship with the Sui Foundation, and aims to provide institutional-grade access to the SUI blockchain [2][7] - The company has scaled its total treasury holdings to approximately 81.9 million SUI as of August 10, 2025, and is currently staking all SUI in the treasury, earning about $26,000 per day [7][8] - Mill City reported a 64% increase in net assets resulting from operations for Q2 2025, amounting to approximately $677,000, or $0.11 per share, compared to $413,000, or $0.06 per share in Q2 2024 [10] Company Developments - The company launched the first publicly traded, Foundation-backed SUI treasury strategy on July 31, 2025, focusing on acquiring SUI tokens through various channels [1][2] - Mill City has raised $450 million in capital through a PIPE offering as of August 1, 2025, with Galaxy appointed as Asset Management to manage the SUI treasury [7][10] - The company plans to continue its existing commercial short-term non-bank lending and specialty finance business while executing its SUI treasury strategy [1][8] Industry Context - SUI is positioned as a next-generation Layer 1 blockchain designed for scalability, speed, and security, enabling decentralized applications across various sectors including finance and gaming [3][4] - The Sui Foundation is dedicated to the advancement and adoption of the SUI network, providing Mill City with insights and access to strategic network growth initiatives [2][7] - The architecture of SUI is designed to support mass market consumer applications in Web3, potentially transforming the global economy [4][6]
X @Polkadot
Polkadot· 2025-08-14 18:50
In a world where anyone can fake anything,Web3 is how we prove everything. ...
X @Ethereum
Ethereum· 2025-08-14 17:24
RT Ivo 7702/acc ⚔️💜 (@Ivshti)Ethereum recently celebrated it's 10th birthday - and for that time, we've built a fantastic ecosystem that we all love using, but it's also on the verge of being mainstream - all the foundations are there.So how does "mainstream" look like and is it bad for us cyberpunks? Absolutely not! The unique property of Ethereum is that we, the community, have worked to set the technical foundations of something that has no compromises - a wallet experience that can be self-custodial, pr ...
X @Sui
Sui· 2025-08-14 17:07
Move USDC in and out of @SlushWallet easily with Coinbase Offramp.Slush (@SlushWallet):Remember the feeling of firing a pinball down the ramp?We brought it to Web3.Your USDC just rolled from @CoinbaseDev Offramp → Slush and back.Zero fees (for now 👀)Roll in. Roll out. Right inside Slush. https://t.co/PmEjUCkvx1 ...
X @Polygon
Polygon· 2025-08-14 16:28
RT Bitfinex (@bitfinex)The AMA with @sandeepnailwal from @0xPolygon was 🔥 Missed it?We’ve published the full transcript. From the MATIC → POL upgrade to what’s next for the Web3 ecosystem, it’s all here.📝 Dive in: https://t.co/gITyS0Tj5K https://t.co/JljZ1vkrQI ...
X @CryptoJack
CryptoJack· 2025-08-14 16:01
What matters most to you in a #Web3 project? 🔎•Utility•Tokenomics•Community•Hype ...
X @Market Spotter
Market Spotter· 2025-08-14 15:01
Favorite #Web3 game token?🎮 $SAND🌍 $MANA🎯 $GALA🗡️ $ENJ ...
X @LBank.com
LBank.com· 2025-08-14 14:57
RT LBank Labs (@LBankLabs)🔐 Big insights from our very own @Czhang_LBank in this in-depth interview with @cryptovate_ioFrom traditional finance to Web3 leadership, Czhang shares how LBank Labs is backing bold builders and shaping the future of crypto.Key focus:• AI x Blockchain• Tokenization of real assets• Long-term value > short-term hype🌍 Supporting innovators globally, especially in emerging markets.Full read: https://t.co/aPMJrrTB34 ...
How stablecoins quietly beat bitcoin at its own game
Yahoo Finance· 2025-08-14 14:03
Web3 and Digital Assets - Web3 is emerging as the value layer of the internet, enabling ownership and direct movement of digital value, money, identity, and assets via blockchains [7][9][10] - The use cases for cryptographic assets, digital technologies, Web3, and blockchain are becoming clearer, especially in payments, money movement, remittances, and banking services, due to reduced friction and costs [4][6] - Stablecoins are seen as payment mechanisms that facilitate economic value transfer by on-ramping into local fiat, transferring value, and off-ramping back into local fiat, offering a more seamless process than traditional banking [21] - Blocks created a gold-backed stablecoin to act as a universal translator among various fiat currencies, addressing on-ramp and off-ramp problems in obscure markets [23][54][55] - The digital asset space is experiencing rapid growth, with use cases doubling or tripling in a short amount of time, similar to Moore's Law [13] Market Trends and Investment Strategies - The US market is considered bullish in the short, medium, and long term, similar to the outlook on digital assets [38] - The market has priced in geopolitical risks and anticipates resolutions, maintaining an overall upward trend [45] - AI is expected to continue its growth trajectory, with companies using AI tools to enhance their platforms and applications [61][62] - A balanced investment approach is recommended, including traditional industries like food, clothing, and energy, alongside AI and digital assets [62][63] - The market is anticipating potential interest rate cuts by the FOMC, which could further stimulate capital flow into equity markets and businesses [40][42] Regulatory and Economic Factors - A massive regulatory rollback across industries is seen as unleashing the dynamic capitalist power of the US economy [43] - The move by the administration into digital assets is expected to provide further impetus to the market [44] - Tax law changes, with lower rates for longer, are expected to positively impact the market until potential future repeal [43]
BNC Acquires 88,888 Additional BNB, Targets Ownership of 1% of Total Supply.
Globenewswire· 2025-08-14 12:50
Company Overview - BNB Network Company (Nasdaq: BNC) is the treasury management business of CEA Industries Inc, and it aims to build the world's largest corporate treasury of Binance Coin (BNB) [7] - The company has a clear ambition to become the benchmark institutional vehicle for BNB, focusing on a single-asset strategy [3] Recent Developments - BNC has recently purchased an additional 88,888 BNB tokens, reinforcing its position as the largest corporate holder of BNB tokens globally [1] - This acquisition follows an earlier purchase of 200,000 BNB tokens, moving the company closer to its goal of owning 1% of BNB's total supply by the end of 2025 [1] Market Position and Strategy - BNC's disciplined capital deployment and single-asset focus differentiate it from diversified digital asset treasuries, allowing it to capture BNB network effects and engage in on-chain yield strategies [3] - If the company's plans are fully executed, including potential warrants that could yield up to $750 million, BNC's BNB position could exceed $1.25 billion, establishing one of the largest digital asset treasuries in the world [4] Industry Context - BNB is the native token of BNB Chain, which is recognized as the number one blockchain by daily active addresses and decentralized trading volume, with over $12 billion in total value locked [2] - The BNB ecosystem is rapidly expanding, making it a core pillar of Web3 infrastructure [2]