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AXG Accelerates Expansion into Digital Asset Markets in Korea and Japan
Globenewswire· 2026-02-05 12:30
Hong Kong, Feb. 05, 2026 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (Nasdaq: AXG) (“AXG” or the “Company”), a leading financial technology firm bridging traditional and digital assets, today announced that it is advancing expansion into two major East Asian markets—Korea and Japan, as a part of its ongoing strategy to further enhance its global digital asset business layout and regional market penetration. This initiative aims to fully explore growth opportunities in the region’s compliant digital asset sector. I ...
SOL Strategies Announces Repayment of Credit Facility with Former Board Chairman
TMX Newsfile· 2025-12-31 19:03
Core Viewpoint - SOL Strategies Inc. is restructuring its balance sheet by converting 50% of its outstanding credit facility into equity, which reflects the lender's confidence in the company's business model focused on the Solana ecosystem [1][3]. Group 1: Credit Facility Details - The Amended Credit Facility allows for 50% of the outstanding balance to convert to equity at a price of C$2.14 per common share, resulting in the issuance of 2,300,726 common shares [2]. - The remaining balance of the credit facility will be repaid in two cash tranches of C$2,461,777.12 each, due within seven and forty-five days respectively [2]. Group 2: Management Commentary - The Interim CEO, Michael Hubbard, stated that this restructuring optimizes the capital structure and is a significant milestone in reducing liabilities [3]. - The conversion of half of the facility to equity demonstrates the lender's continued trust in the company's Solana infrastructure business [3]. Group 3: Related Party Transaction - The lender, Antanas Guoga, is a former Board Chairman and significant shareholder, holding approximately 13% of the company's outstanding common shares on an undiluted basis [3]. - The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [3]. Group 4: Reporting and Compliance - The company did not file a material change report 21 days prior to agreeing to the Amended Credit Facility, as it deemed it in its best interest to settle the terms without delay [4]. - A material change report will be filed containing all prescribed disclosures related to this related party transaction within the required timeframe [4].
Wyoming Crypto Bank Files Petition Demanding Full Court Review of Fed Account Denial
Yahoo Finance· 2025-12-16 09:40
Core Argument - Custodia, a Wyoming-chartered crypto bank, has filed a petition with the Tenth Circuit Court of Appeals to reconsider the Federal Reserve's denial of its master account application, marking a significant escalation in a five-year legal battle [1] Group 1: Legal and Regulatory Concerns - The petition requests an en banc review to determine if regional Federal Reserve Banks can exercise unreviewable discretion over master account access for legally eligible institutions [2] - Custodia argues that the Tenth Circuit panel's 2-1 ruling conflicts with the Monetary Control Act, which mandates that payment services "shall be available" to nonmember depository institutions, suggesting an unconstitutional veto power over state banking charters [3] - The filing raises concerns about federalism, as it suggests the Fed is overriding Wyoming's decision to charter Custodia as a Special Purpose Depository Institution [4] Group 2: Impact on State Banking Framework - Without master account access, Custodia cannot utilize essential Federal Reserve payment services, which undermines its state-issued charter despite meeting all statutory eligibility requirements [4] - The petition states that when the Fed denies a master account to a state-chartered financial institution, it effectively vetoes a bank charter approved by state regulators, which threatens the state regulatory framework designed to attract digital asset companies [5] Group 3: Constitutional Implications - Custodia's legal team argues that if regional Reserve Bank presidents have unreviewable discretion over master accounts, they act as "Officers of the United States" with significant executive authority without proper constitutional appointment [6] - The selection process for Federal Reserve Bank presidents, which involves private bank directors and the Board of Governors, is claimed to violate the Appointments Clause if these officials exercise discretionary power [7] Group 4: Judicial Disagreement - The petition highlights a growing disagreement among Tenth Circuit judges regarding statutory interpretation, indicating a deep judicial split [8]
SEGG Media Announces Leadership Changes to Drive Growth
Globenewswire· 2025-12-01 15:17
Core Insights - SEGG Media Corporation has announced significant leadership changes, terminating CEO Matthew McGahan and appointing CFO Robert Stubblefield as Interim CEO [1][2][5] - The company is entering a new growth phase, focusing on revenue expansion through its digital properties and strategic acquisitions [2][4] - Stubblefield aims to ensure financial stability and rebuild shareholder value by emphasizing responsible revenue growth and operational discipline [4][5] Leadership Changes - Matthew McGahan has been removed as CEO, Secretary, and President, while Robert Stubblefield has been appointed as Interim CEO and Marc Bircham as Chairman [1][5] - McGahan will remain a Company Director until the next annual meeting of shareholders [1] Growth Strategy - SEGG Media is leveraging its digital assets, including Sports.com, Concerts.com, and Lottery.com, to achieve over 102 million views across platforms in 2025 [2] - The leadership changes are intended to support upcoming strategic acquisitions and enhance operational discipline [2][4] Interim CEO's Vision - Robert Stubblefield emphasizes a focus on financial stability, disciplined execution, and long-term shareholder value [4][5] - He will oversee the expansion of the Sports.com brand and the launch of Concerts.com while maintaining the momentum of existing revenue drivers [4] Company Overview - SEGG Media integrates traditional assets with blockchain innovation, focusing on immersive fan engagement and ethical gaming [6]
CoinShares Accelerates Product Strategy for U.S. Market
Globenewswire· 2025-11-28 12:00
Core Viewpoint - CoinShares International Limited is preparing for its U.S. public listing and aims to leverage its institutional-grade research capabilities, crypto expertise, and active management to introduce innovative products in the U.S. market [1][2]. Group 1: Strategic Approach - The company plans to apply successful European strategies to the U.S. market, focusing on differentiated products rather than single-asset crypto ETPs, which have become commoditized [2][3]. - CoinShares has a history of product innovation, including launching the world's first bitcoin ETP in 2015, which has helped maintain strong margins [2]. Group 2: Product Development - Over the next 12-18 months, CoinShares aims to launch innovative products in three core categories: crypto equity exposure vehicles, thematic baskets targeting blockchain trends, and actively managed strategies combining crypto with other assets [5][6]. - The CoinShares Bitcoin Miners ETF (WGMI) has shown strong market demand, growing to over $250 million in assets under management with a management fee of 0.75%, indicating the potential for premium pricing and sustainable margins [4][6]. Group 3: Market Positioning - The company is streamlining its U.S. product lineup by discontinuing the CoinShares Bitcoin Futures Leveraged product to focus on higher-margin opportunities [7]. - CoinShares positions itself as a disciplined, high-value player in the U.S. public markets, aiming to create sustainable shareholder value through its differentiated expertise [8].
X @Binance
Binance· 2025-11-26 17:30
Binance signs an MoU with Ho Chi Minh City’s Department of Finance to support blockchain innovation, digital assets, and the development of Vietnam’s International Financial Centre.Together, we aim to empower startups, SMEs, and enterprises while sharing global best practices.Read more 👉 https://t.co/IvoaX9xhlx ...
Franklin Templeton Joins XRP ETF Race, Calling It ‘Foundational’ to Global Finance
Yahoo Finance· 2025-11-24 17:24
Core Viewpoint - Franklin Templeton has launched its XRP exchange-traded fund (ETF), the Franklin XRP Trust (XRPZ), on NYSE Arca, providing regulated access to the XRP token and joining other fund issuers in the market [1][2]. Group 1: Company Developments - The launch of XRPZ expands Franklin Templeton's cryptocurrency offerings, which now include ETFs linked to bitcoin (EZBC), ether (EZET), XRP (XRPZ), and a diversified digital asset fund (EZPZ) [2]. - David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, emphasized XRP's foundational role in global settlement infrastructure [2]. - The ETF structure allows both institutional and retail investors to gain exposure to XRP through brokerage accounts, ensuring daily pricing and SEC oversight [4]. Group 2: Market Context - The launch of Franklin Templeton's ETF signifies a notable shift in XRP's market position, especially following the SEC's lawsuit against Ripple in late 2020, which alleged that XRP was sold as an unregistered security [2]. - The lawsuit was settled in August 2025, with Ripple agreeing to a $125 million settlement without admitting wrongdoing, which has contributed to a resurgence of interest in XRP [2]. - The entry of institutional players into the crypto space through regulated investment vehicles is part of a broader trend, with Franklin Templeton's ETF reflecting this movement [3]. Group 3: Industry Insights - Roger Bayston, head of digital assets at Franklin Templeton, noted that blockchain innovation is fostering fast-growing businesses, with digital asset tokens like XRP serving as key incentive mechanisms [4]. - The ETF provides regulated custody, daily transparency, and liquidity, simplifying the process of holding the token directly for investors [4]. - Bitwise, another crypto asset manager, launched its XRP ETF recently and reported approximately $118 million in inflows, indicating strong market interest [5].
X @CoinDesk
CoinDesk· 2025-11-17 11:55
🔐 @MidnightNtwrk Summit goes LIVE in just 1 hour! Tune in from 12:55 p.m. - 5:15 p.m. GMT!Tune into Cypher Day—the convening where builders, innovators, and thinkers come together to decode the future of privacy, decentralized apps, and blockchain innovation. https://t.co/rz4oJRowfD ...
X @CoinDesk
CoinDesk· 2025-11-14 13:59
👷 Builders & Thinkers: Meet us at the @MidnightNtwrk Summit! 🚀The inaugural event is dedicated to exploring the future of privacy, decentralized applications, and blockchain innovation.Join the conversation shaping the future blockchain narrative during the Cypher Day on November 17th from 12:55 p.m. - 5:15 p.m. GMT.🔗 https://t.co/IHsv0vz8yS ...
Caliber Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-13 21:15
Core Insights - Caliber reported a transformational quarter, strengthening its balance sheet and launching a Digital Asset Treasury (DAT) anchored in Chainlink (LINK) tokens, positioning the company towards adjusted EBITDA profitability [1][3][14] Financial Performance - Platform revenue for Q3 2025 was $3.5 million, a decrease from $7.4 million in Q3 2024 [5][8] - Asset management revenue declined by $1.2 million to $3.5 million, attributed to nonrecurring fee income [5] - Development and construction fees decreased by $2.7 million due to seasonal project timing [5] - The platform net loss was $4.4 million, or $1.70 per diluted share, compared to a net income of $0.2 million, or $0.11 per diluted share in the prior year [5][34] - Platform Adjusted EBITDA loss was $0.7 million, down from an Adjusted EBITDA of $2.4 million in Q3 2024 [5][34] Digital Asset Treasury Strategy - Caliber raised over $30 million in equity, enhancing its liquidity and balance sheet [3][5] - The company launched its Digital Asset Treasury anchored in LINK tokens, marking its entry into digital asset management alongside its core Private Equity Real Estate platform [3][5] - As of the end of Q3 2025, Caliber held 467,632 LINK tokens, which increased to 562,535 tokens valued at $8.5 million as of the release date [5][12] Business Developments - A joint venture, PURE Pickleball & Padel™, signed a 10-year exclusive agreement with Wolfgang Puck Catering, expected to drive significant corporate business [6] - The formation of a Caliber Crypto Advisory Board (CCAB) was announced to oversee the DAT strategy [12] - Caliber selected Coinbase Prime as its institutional platform for trading and custody in support of its DAT strategy [12] Consolidated Financial Results - Total consolidated revenue for Q3 2025 was $3.6 million, down from $11.3 million in Q3 2024, reflecting the deconsolidation of several entities [12][34] - Consolidated net loss attributable to Caliber was $4.4 million, or $1.65 per diluted share, compared to a net income of $0.1 million, or $0.12 per diluted share in the prior year [12][34] - Consolidated Adjusted EBITDA loss was $0.5 million, compared to an Adjusted EBITDA of $4.2 million in Q3 2024 [12][34]