Decentralized finance (DeFi)

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Fineqia Internationals' Bitcoin Yield ETP hits C$15M in assets under management - ICYMI
Proactiveinvestors NA· 2025-07-12 15:05
Fineqia International Inc (CSE:FNQ, OTC:FNQQF) CEO Bundeep Singh Rangar talked with Proactive about the strong early traction of the company’s Bitcoin Yield ETP product, YBTC. YBTC has quickly surpassed C$14.9 million in assets under management, driven by what Rangar described as a “triangulation” of factors: high demand for bitcoin, Europe’s regulatory framework enabling yield generation from on-chain activities, and growing institutional appetite for passive income products. Proactive: Hello, you’re watc ...
DeFi Dev Corp. and Switchboard Join Forces to Advance RWA Oracle Infrastructure on Solana
GlobeNewswire News Room· 2025-07-11 12:30
Core Viewpoint - DeFi Development Corp. has signed a non-binding Letter of Intent with Switchboard Technology Labs to explore a strategic collaboration aimed at enhancing data and oracle infrastructure for real-world asset initiatives on the Solana ecosystem [1][2] Group 1: Company Overview - DeFi Development Corp. is the first public company with a treasury strategy focused on accumulating and compounding Solana (SOL) [1] - The company provides investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem through holding, staking, and operating validator infrastructure [3] - DeFi Development Corp. engages in decentralized finance (DeFi) opportunities and seeks innovative ways to support Solana's expanding application layer [3] Group 2: Strategic Collaboration - The collaboration with Switchboard Technology Labs aims to build the necessary data and oracle infrastructure to support real-world asset initiatives [2] - The partnership emphasizes the importance of trusted, transparent, and verifiable on-chain data for unlocking tokenized assets on Solana [2] - Switchboard is recognized as a leading oracle solution within the Solana ecosystem, providing critical data feeds for various DeFi protocols [2] Group 3: Switchboard Technology Labs Overview - Switchboard Technology Labs develops infrastructure software and offers research and consulting services to facilitate the integration of real-world data into web3 [6] - The Switchboard protocol provides a suite of web3 services and an oracle network that enables developers to connect real-world data easily [6]
COIN Stock Trades Near 52-Week High: Buy Now or Wait for a Pullback?
ZACKS· 2025-07-10 17:11
Core Insights - Coinbase Global (COIN) shares are trading near their 52-week high, closing at $373.85, with a year-to-date increase of 50.5%, significantly outperforming the industry and sector averages [1][9] - The company is strategically positioned to benefit from market volatility and rising crypto asset values, aiming to become the preferred platform for enterprises adopting cryptocurrency [3] - Coinbase is expanding its presence in both U.S. spot and derivatives markets, enhancing product offerings and global reach [4] Expansion and Acquisitions - Coinbase has agreed to acquire Deribit, the leading crypto-options exchange, which handled over $30 billion in open interest and $1 trillion in trading volume in 2024, positioning Coinbase as a leader in global crypto derivatives [5] - The company is entering high-potential markets like Argentina and India, while securing regulatory approvals in major financial centers such as Spain, France, Singapore, and Bermuda, to diversify revenue streams and reduce reliance on the U.S. market [6][9] Product Development and Innovation - Coinbase is launching decentralized finance (DeFi) assets on its Layer 2 solution, Base, and has initiated a $5 million bug bounty program to enhance security [10] - The company is focused on making USDC the premier dollar-backed stablecoin globally, supported by robust liquidity and strategic investments [7] Financial Performance and Valuation - Coinbase demonstrates strong fundamentals with a solid cash balance, improving leverage ratio, and a higher times interest earned ratio [11] - The Zacks Consensus Estimate for 2025 and 2026 earnings has increased by 22.8% and 3.5%, respectively, in the last 30 days [12] - The stock is currently trading at a price-to-earnings multiple of 63.7, which is higher than the industry average of 22, indicating a stretched valuation [14]
Hyper Bit Announces Third Draw from Bit Royalty Credit Facility to Purchase Bitcoin
Newsfile· 2025-07-10 12:30
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTC Pink: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") announces that further to its recent news dated June 18th and June 25th 2025, the first and second draw from Bit Royalty, an arms length entity, to acquire Bitcoin and various top crypto currencies as treasury assets, Hyper Bit has made a third request for a draw of C$50,000 (Total of C$150,000 to date) to acquire Bitcoin in exchange for shares ...
DeFi Dev Corp. Acquires 153,225 SOL, Becoming the Largest Public Holder of Solana
Globenewswire· 2025-07-10 12:30
BOCA RATON, FL, July 10, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), announced today the purchase of 153,225 Solana (“SOL”) at an average purchase price of $154.85 and valued at approximately $23.72 million. Following this transaction, DeFi Dev Corp. now holds approximately 846,630 SOL and SOL equivalents, including staking rewards, making the Company the largest Solana treas ...
DeFi Dev Corp. Integrates DoubleZero Into Validator Operations
Globenewswire· 2025-07-09 12:30
BOCA RATON, FL, July 09, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the "Company") the first public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced it has integrated DoubleZero into its validator operations. This marks an early step in evaluating advanced observability and monitoring solutions designed to improve validator performance and network resilience. DoubleZero is a global fiber network for high-performance distributed systems, d ...
MEME Coins Inc. Finalizes DOG Token Acquisition from Tipestry Inc.
Globenewswire· 2025-07-09 08:20
Core Insights - Dogecoin Cash Inc. has completed the acquisition of 2 billion Dogecoin Cash (DOG) tokens from Tipestry Inc. in exchange for 250,000 shares of MEME Class A Preferred Stock [1][2] - This acquisition increases Dogecoin Cash's total DOG holdings to 4,020,000,000 tokens, combining direct holdings and those through its subsidiary MEME Coins Inc. [2] Company Overview - Dogecoin Cash, Inc. (OTCQB: DOGP) operates in the medical cannabis telemedicine sector through its subsidiary PrestoDoctor and holds patented cannabis products [4] - The company is also involved in blockchain innovation and aims to leverage digital assets and decentralized finance (DeFi) solutions to create new market opportunities [4] Strategic Objectives - The acquisition aligns with MEME Coins Inc.'s goal to develop a blockchain-aligned infrastructure and token reserve, supporting potential blockchain-related initiatives [2]
DeFi Dev Corp. Brings Total Holdings to 690,420 SOL After 47,272 SOL Purchase
Globenewswire· 2025-07-08 13:25
Core Viewpoint - DeFi Development Corp. has significantly increased its holdings in Solana (SOL), reflecting a strategic treasury policy aimed at accumulating and compounding SOL to provide investors with direct economic exposure to the asset [1][3]. Group 1: Company Holdings and Financial Metrics - The company purchased 47,272 SOL at an average price of $149.09, totaling approximately $7.03 million [1]. - Following this transaction, the total holdings of SOL and equivalents reached approximately 690,420, valued at about $102.7 million, including staking rewards [1][7]. - The recent acquisition represents a 64.1% increase in SOL holdings compared to 420,690 SOL held 60 days prior [1]. Group 2: Treasury Strategy and Operations - DeFi Development Corp. has adopted a treasury policy that primarily allocates its reserves to SOL, allowing participation in the growth of the Solana ecosystem [3]. - The company operates its own validator infrastructure to generate staking rewards and fees from delegated stakes [3]. - The newly purchased SOL will be held long-term and staked with various validators, including the company's own [2]. Group 3: Market Position and User Base - The company serves over one million web users annually, including multifamily and commercial property professionals, and facilitates billions of dollars in debt financing each year [5]. - Its data and software offerings are primarily provided on a subscription basis as Software as a Service (SaaS) [5]. Group 4: Share Metrics - As of June 30, 2025, the total shares outstanding are 17,402,299, resulting in a SOL per share (SPS) of 0.0397, equivalent to $5.90 [7].
VivoPower Commences $29 Million Shareholder Loan Financing Retirement Plan
Globenewswire· 2025-07-07 19:45
Core Viewpoint - VivoPower International PLC has initiated a shareholder debt principal reduction plan, with the first repayment made to AWN Holdings Limited, indicating institutional support for the company's growth objectives [1][3]. Group 1: Debt Reduction Plan - The independent directors of VivoPower approved the commencement of a debt principal reduction plan aimed at retiring the AWN shareholder loan, which had an unaudited balance of $28.8 million as of June 30, 2025 [2][3]. - The company’s objective is to fully retire the AWN shareholder loan, reflecting a long-term commitment to strengthening its balance sheet and optimizing its capital structure [3]. Group 2: Strategic Transformation - VivoPower is undergoing a strategic transformation to become the world's first XRP-focused digital asset enterprise, focusing on the acquisition and management of XRP digital assets [4]. - This new direction aims to support decentralized finance infrastructure and real-world blockchain applications, contributing to the growth and utility of the XRP Ledger [4]. Group 3: Company Overview - Founded in 2014 and listed on Nasdaq since 2016, VivoPower operates globally across various regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [5]. - The company has two business units: Tembo, which focuses on electric solutions for customized fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [5].
Hyper Bit Secures Loan for DOGE and LTC Crypto Miner Purchase
Newsfile· 2025-07-07 12:30
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTC Pink: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") announces that it has executed a Loan Agreement with an arm's length lender to be allocated towards the purchase of an initial ten (10) ElphaPex DG1+ Miners for the mining of Dogecoin ("DOGE") and Litecoin ("LTC") as previously announced on May 7th, May 16th, 2025, and May 20th. The ElphaPex DG1+ miners will be installed and professionally manag ...