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WonderFi Provides Update on Annual General Meeting
TMX Newsfile· 2026-01-30 22:30
Core Viewpoint - WonderFi Technologies Inc. is facing regulatory challenges as the British Columbia Registrar of Companies denied its application for an extension to hold its 2025 annual general meeting (AGM), which is required by August 24, 2025, due to an impending transaction with Robinhood Markets, Inc. [1] Group 1: AGM and Compliance Issues - The Company intends to apply for relief from the Supreme Court of British Columbia to extend the deadline for holding its AGM [1] - Due to the delay in holding the AGM, the Company is currently not in compliance with section 464 of the TSX Company Manual, which mandates that companies listed on the Toronto Stock Exchange hold their annual meetings within six months from the end of their fiscal year [3] - The Company has requested a further extension from the TSX to hold its AGM [3] Group 2: Transaction with Robinhood - WonderFi and Robinhood are working on post-closing integration to facilitate the deployment of Robinhood's proprietary technology in Canada [2] - The Company anticipates closing the transaction with Robinhood in the first half of 2026, subject to the satisfaction or waiver of remaining conditions [2] Group 3: Company Overview - WonderFi is a leader in centralized and decentralized financial services, managing over $2.2 billion in client assets under custody [4] - The Company aims to provide diversified investment exposure across the global digital asset ecosystem and has a proven track record of launching new products [5] - WonderFi owns market-leading brands such as Bitbuy, Coinsquare, and Bitcoin.ca, positioning itself to capture market and wallet share through ongoing innovation in the digital asset space [5]
C1 Fund (NYSE: CFND) Announces First Portfolio Company Exit Within Six Months After Fund IPO
Businesswire· 2026-01-28 09:24
Core Insights - C1 Fund Inc. announced the successful IPO of its portfolio company BitGo, marking C1 Fund's first exit less than six months after its own IPO [1][3] - BitGo is valued at over $2 billion and has over $104 billion in assets on its platform, with more than 9.3 million wallets created [2] Investment Focus - C1 Fund targets late-stage private companies that facilitate institutional adoption of digital assets through essential infrastructure and services [3][4] - The investment in BitGo aligns with C1 Fund's strategy of backing businesses with strong institutional adoption and a clear path to operating within regulated markets [3] Market Context - The public listing of BitGo reflects the maturation of the digital asset ecosystem and the increasing importance of regulated platforms for institutional participation [4] - C1 Fund differentiates itself by focusing on equity ownership in companies that build and operate the infrastructure supporting the digital asset economy, rather than direct exposure to cryptocurrencies [4][5]
Binance Restores Real-Time Bank Transfers for Australian Users
Yahoo Finance· 2026-01-18 23:24
Core Viewpoint - Binance Australia has restored direct dollar deposits and withdrawals for local users, enhancing its banking services after over two years of disruption, which is expected to improve user activity and market share in the region [1][4]. Group 1: Service Restoration - Direct fiat on and off-ramps in Australian dollars are now available for users, marking the first time since mid-2023 that such services have been offered [2]. - Previously, users were limited to funding accounts via debit or credit cards due to the cut-off of local banking channels, which increased costs and reduced transaction flexibility compared to competitors [3]. Group 2: Market Impact - The return of real-time payments aligns Binance closer to its competitors in Australia, removing operational hurdles that had negatively impacted user activity and market share [4]. - Access to traditional financial services is crucial for market participation, confidence, and trust, as highlighted by Binance Australia and New Zealand General Manager Matt Poblocki [5]. Group 3: Regulatory Context - The company has not disclosed specific banks or payment providers involved in the renewed fiat services, nor any transaction limits, and has attributed the rollout to internal compliance and operational efforts rather than specific regulatory clearance [6]. - The service restoration follows a challenging period for Binance in Australia, characterized by regulatory scrutiny and the loss of local banking support [7].
KRAKacquisition Corp(KRAQU) - Prospectus
2026-01-12 22:11
TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on January 12, 2026. Registration No. 333-[•] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 KRAKacquisition Corp (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 6770 98-1875195 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identific ...
How NFT Marketplaces Adapted to Survive in 2025
Yahoo Finance· 2025-12-26 21:01
Core Insights - The NFT market has experienced a dramatic decline, with its cumulative market cap dropping 99% from a peak of $184 billion in 2023 to just $487 million in 2025 [2] - Major NFT marketplaces like OpenSea and Magic Eden are adapting by expanding their offerings to include fully fungible tokens, responding to a slowdown in pure NFT activity [2][3] Company Developments - OpenSea announced a complete rebuild of its platform in February 2025, introducing cross-chain token trading through its decentralized exchange (DEX) [3][4] - The new platform, OS2, allows token trading across 19 blockchains and features a new rewards system called "Voyages," which may be linked to the anticipated launch of its SEA token [4] - In October 2025, OpenSea achieved a monthly DEX volume of $2.41 billion, although this was followed by a significant drop of 75% to $581.48 million in November [5] Market Comparisons - OpenSea's trading volumes are significantly lower compared to industry leaders like Uniswap, which generated nearly $80 billion in monthly volume in November [6] - Magic Eden has also expanded into non-NFT trading by acquiring the meme coin trading app Slingshot, but it downplays the significance of token trading in its overall business [6][7]
BMNR Stock Up 612.7% in 6 Months: Should You Still Buy It in 2026?
ZACKS· 2025-12-22 16:56
Core Insights - Bitmine Immersion Technologies (BMNR) has seen its shares increase by over 600% in the past six months, significantly outperforming the Zacks Technology Services industry and competitors like Bitfarms Limited and AppLovin Corporation [1][8] - The company operates within the Bitcoin and Ethereum network space and has a long-term strategy focused on accumulating digital assets, particularly Ethereum [4][7] Company Performance - BMNR's stock is currently trading below its 52-week high of $161, which it reached earlier this year [4] - The company has expanded its Ethereum holdings to approximately 3.97 million tokens, with total cash and crypto assets exceeding $13 billion [7][9] - BMNR aims to accumulate 5% of the total Ethereum supply, having already achieved over 3.2% of it [8] Market Dynamics - The growth of stablecoins in the digital asset ecosystem is benefiting BMNR, as they provide advantages like lower transaction costs and faster settlement, which support broader adoption of digital assets [6] - The company completed a $250 million PIPE private placement earlier this year to support its strategic transformation and expansion of Ethereum holdings [7] Shareholder Engagement - BMNR has declared an annual dividend of $0.01 per share, making it the first large-cap crypto company to do so, with payment scheduled for December 29, 2025 [10] Valuation and Technical Indicators - The stock is currently trading below its 50-day moving average, indicating bearish sentiment in the market [11] - BMNR has a Value Score of F, suggesting that its shares are overvalued compared to peers [14] Future Outlook - The Wall Street consensus price target for BMNR is $53.5, indicating a potential upside of about 88.2% from current levels [15] - Despite the positive outlook from increasing Ethereum holdings and stablecoin growth, challenges such as market volatility and regulatory concerns remain [17]
WonderFi Announces Extension to the Outside Date for Robinhood Transaction
TMX Newsfile· 2025-12-19 13:30
Core Viewpoint - WonderFi Technologies Inc. has entered into an amending agreement with Robinhood Markets, Inc. to extend the completion date for the proposed acquisition of WonderFi's common shares to June 1, 2026, allowing more time for integration and regulatory approval [1][2]. Group 1: Transaction Details - The amendment to the arrangement agreement allows for additional time to complete integration enhancements and obtain necessary regulatory approvals [2]. - The anticipated closing of the transaction is expected in the first half of 2026, contingent upon satisfying the remaining conditions outlined in the arrangement agreement [4]. Group 2: Company Overview - WonderFi is a leader in both centralized and decentralized financial services, managing over $2.2 billion in client assets under custody [5]. - The company has a proven track record of launching new products and holds market-leading brands such as Bitbuy, Coinsquare, and Bitcoin.ca, positioning itself to capture market share in the digital asset space [6].
9 Billionen US-Dollar Vermögenswerte für ADGM, während Abu Dhabi Finance Week globale Kapitalströme neu definiert
Prnewswire· 2025-12-19 04:43
Core Insights - Abu Dhabi Global Market (ADGM) is entering its second decade with the announcement of 11 new significant global financial institutions, representing managed assets exceeding $9 trillion, marking a substantial increase from $635 billion last year and $450 billion in 2023 [1][3][5] Group 1: Growth and Expansion - The announcements made during the Abu Dhabi Finance Week (ADFW) highlight the growing influence of Abu Dhabi as the "Capital of Capital" and position ADFW as a global platform for capital flows through leading institutions and a premier regulatory ecosystem at ADGM [2][5] - The strong increase in managed assets at ADGM solidifies its position as the fastest-growing international financial center in the region and one of the most dynamic globally, indicating a shift in Abu Dhabi's role within the global financial system [3][5] Group 2: Institutional Presence - Notable institutions such as Cantor Fitzgerald, BBVA, UBS Group, KKR, and others have announced their presence in ADGM, marking a strong start for the next growth decade [4][5] - The commitments from these global firms reflect long-term confidence in Abu Dhabi's regulatory clarity and the capacity of ADGM to support increasingly sophisticated financial activities [6] Group 3: Digital Assets and Innovation - Binance received a formal global license from the Financial Services Regulatory Authority (FSRA) of ADGM, becoming the first cryptocurrency exchange to operate under a comprehensive regulatory framework in Abu Dhabi, marking a significant milestone for the digital asset industry [6][7] - Other fintech and digital asset companies, including iCapital and Galaxy Digital, are also expanding their operations in ADGM, indicating a growing ecosystem for digital finance [8] Group 4: Strategic Collaborations - RIQ, owned by IHC, plans to collaborate with Swiss Re to develop risk, data, and AI-driven reinsurance solutions from its base in ADGM, showcasing the center's appeal for innovative financial solutions [9] - JPMorgan is expanding its payment and treasury business from ADGM, enabling the company to offer a wide range of solutions, including liquidity management and multi-currency payment functions [10]
Tokenwell Plans to Establish U.S. Subsidiary in Dallas, Texas, to Expand its Presence in the Growing Digital Asset Hub
Accessnewswire· 2025-12-16 11:00
Core Viewpoint - Tokenwell Platforms Inc. is expanding its operations by establishing a wholly owned U.S. subsidiary in Dallas, Texas, and activating a virtual office in the city's financial district, Y'all Street, which is recognized for its rapid growth in the digital asset ecosystem [1] Group 1 - The new subsidiary will be located in Dallas, Texas, which is part of a strategic move to enhance the company's presence in the U.S. market [1] - Y'all Street is noted as one of the fastest-growing digital asset ecosystems in the country, indicating a favorable environment for Tokenwell's operations [1] - The area is also home to the newly formed Texas Stock Exchange (TXSE), which may provide additional opportunities for Tokenwell in the financial sector [1]
X @HTX
HTX· 2025-12-12 12:52
HTX Approved for Pakistan Crypto Exchange Registration.🇵🇰This landmark NoC makes HTX amongst one of the first global digital asset platforms to begin the formal licensing journey in Pakistan, marking a major milestone in the country’s progression toward a regulated and innovative digital asset ecosystem. #Pakistanhttps://t.co/3IJBgNOOkU ...