Core Viewpoint - Strive is issuing its own variable rate preferred stocks to fund various strategic initiatives, including bitcoin purchases and debt repayment [1][2][3] Group 1: Stock Issuance Details - The company plans to sell 1.25 million shares of Variable Rate Series A Perpetual Preferred Stock, known as "SATA," in an initial public offering, subject to market conditions [1] - The preferred shares have a stated value of $100 and an initial annual dividend of 12%, which will be paid monthly starting December 15 [2] - The dividend rate may be adjusted monthly, linked to the one-month SOFR benchmark [2] Group 2: Dividend and Redemption Terms - Unpaid dividends will compound monthly, with a maximum annual rate of 20% [3] - Strive will reserve funds to cover the first year of dividend payments [3] - The company may redeem the shares at $110 each plus accrued dividends once listed on Nasdaq or NYSE [3] Group 3: Company Financials and Market Reaction - As of October 27, Strive holds 5,958 bitcoins and manages over $2 billion in assets through Strive Asset Management LLC [3] - Following the announcement, Strive's stock (ASST) rose by 9% on Monday morning [3]

Core Insights - SharpLink Gaming (SBET) has made its first ether (ETH) purchase since late August, acquiring over $75 million worth of tokens [1] - The company raised $76.5 million through a direct stock offering, using the proceeds to purchase 19,271 ETH at an average price of $3,892, bringing its total ETH holdings to 859,853, valued at approximately $3.5 billion [2] - The stock price of SharpLink has remained flat at around $14.70, reflecting a decline of about 66% since July and nearly 90% from its peak in May [2] Company Actions - SharpLink recently repurchased its common shares after its stock price fell below the net asset value of its ETH and cash reserves [4] - The last disclosed ETH purchase prior to this was in late August, where the company acquired slightly more than 39,000 tokens [4] - Since June, the firm has earned 5,671 ETH, valued at around $22 million, through staking its holdings [4] Industry Context - The acquisition by SharpLink comes during a challenging period for corporate crypto treasuries, which are struggling to accumulate digital assets while facing declining stock prices [3] - Many companies in the sector are experiencing significant drops in stock value, which limits their ability to fund further crypto acquisitions [3]

Core Insights - The first Finternet 2025 Asia Digital Finance Summit will be held on November 4 in Hong Kong, focusing on three main pillars: regulatory dialogue, institutional participation trends, and application scenarios [1] - The summit aims to connect the real economy with the Web3 world, promoting a vision of building a global compliant network for efficient collaboration among ecosystem partners [2] Group 1: Event Details - The summit will cover industry hot topics such as regulatory compliance, cross-border payments, asset tokenization, and digital asset investment [1] - Notable industry leaders, including Alex Manson from SC Ventures and Lily Liu from the Solana Foundation, will be in attendance, along with representatives from BlackRock, Franklin Templeton, Visa, and Circle [1] Group 2: Objectives and Vision - The brand vision of the Finternet Asia Digital Finance Summit is encapsulated in the phrase "Bridge Ideas with Solutions," aiming to serve the real economy and connect the Web3 world [1] - The agenda will focus on compliance opportunities, regulatory paths for digital assets, institutional participation, application scenarios, and the development of Digital Asset Treasuries (DAT) and Real World Assets (RWA) [2]

Core Insights - Retail investors have reportedly lost approximately $17 billion while attempting to invest indirectly in Bitcoin through companies like Metaplanet and Michael Saylor's Strategy [1] Group 1 - The losses stem from excessive equity premiums, allowing these companies to issue stocks at prices significantly higher than their actual cryptocurrency asset values [1] - The stock prices of these companies have collapsed, resulting in many retail investors being heavily trapped in their investments [1]

Core Insights - Digital asset investment products recorded a net inflow of $3.17 billion last week, bringing the total inflow for 2025 to a record high of $48.7 billion [1] - Bitcoin saw an inflow of $2.67 billion, while Ethereum had a net inflow of $338 million [1] - Other notable inflows included $93.3 million for SOL and $61.6 million for XRP [1] - The total trading volume of digital asset ETPs reached $53 billion, marking a historical peak [1]

Core Insights - Digital asset investment products recorded a net inflow of $5.95 billion last week, marking the highest weekly inflow on record [1] - Bitcoin saw a record weekly inflow of $3.55 billion [1] - Ethereum experienced a weekly inflow of $1.48 billion [1] - Solana also set a record with a weekly inflow of $707 million [1] - XRP recorded an inflow of $219 million [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Noah Holdings Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 （於開曼群島以諾亞控股有限公司名義以有限責任註冊成立， 並以諾亞控股私人財富資產管理有限公司於香港經營業務） （股份代號：6686） 修訂有關認購私募債權數字收益基金的條款 茲提述諾亞控股私人財富資產管理有限公司（「本公司」）日期為2025年8月28日的 公告，內容有關認購私募債權數字收益基金A類權益（「該公告」）。除文義另有所 指外，本公告所用詞彙與認購公告所界定者具有相同涵義。 有關修訂的決定乃基於商業及審慎考量而作出。基金文件簽署後，美國加密貨幣 監管及管治環境近期出現變動。該等發展使得基金與其交易對手之間的相關借貸 協議的商業條款擬作修改，該等修改被視為對基金較為不利，且經董事會適當審 慎考慮後，認定該等修改將導致本公司投 ...

Core Viewpoint - The company, Boyaa Interactive (00434), announced the acquisition of approximately 245 bitcoins for a total consideration of about HKD 219 million (approximately USD 28.16 million) during the period from September 15 to September 16, 2025 [1] Group 1 - Following this purchase, the company now holds a total of approximately 3,925 bitcoins [1] - The average purchase cost for the bitcoins held by the company is USD 66,094 per bitcoin [1]

Core Insights - SOL Strategies has commenced trading on the Nasdaq Global Select Market under the ticker STKE, marking it as the first Solana-focused public company to achieve a U.S. listing with $94 million in Solana treasury holdings [1] - The company has undergone a one-for-eight share consolidation, reducing outstanding shares from 176 million to 22 million to meet exchange requirements [1] Company Operations - SOL Strategies operates as a "foreign private issuer" under SEC rules, allowing it to be exempt from certain U.S. regulatory requirements, including proxy solicitation rules and Section 16 filings [3] - The current capital structure includes 22 million common shares outstanding, 12 million warrants, and 5.3 million stock options following the consolidation [3] Rebranding and Focus - The firm rebranded from Cypherpunk Holdings in September 2024, shifting its focus entirely to Solana blockchain infrastructure and investment [4] - SOL Strategies manages 3.62 million SOL under delegation, including 402,623 SOL from its treasury, valued at C$111.7 million [4] Market Participation - Record participation includes 8,812 unique wallets staking with the firm, and Cathie Wood's ARK Invest moved 3.6 million SOL worth approximately C$888 million to SOL Strategies infrastructure in July [4] Competitive Landscape - SOL Strategies faces increasing competition as institutions race to build massive Solana treasuries, with Forward Industries announcing a $1.65 billion private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital [5] - Galaxy Digital contributes institutional infrastructure, including trading, lending, and staking services, while Jump Crypto provides technical expertise through initiatives like the Firedancer validator client [6] - DeFi Development Corporation holds 1.27 million SOL valued at $248 million after raising $122.5 million in debt financing led by Cantor Fitzgerald [6]

Core Viewpoint - Coinbase and OKX are launching crypto products targeting self-managed super funds (SMSF) in Australia's A$4.3 trillion (approximately US$2.8 trillion) retirement system to promote the allocation of pension funds into digital assets [1] Group 1: Market Opportunity - The current scale of crypto assets within SMSF is limited, standing at A$1.7 billion as of March 2025, but has increased sevenfold since 2021 [1] - Coinbase plans to launch its service soon, with over 500 investors already registered, most of whom intend to invest no more than A$100,000 [1] - OKX launched a similar service in June, experiencing demand that exceeded expectations [1] Group 2: Support Services - Both companies will assist investors in setting up SMSFs and recommend third-party institutions for account management [1]