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21shares Launches Six New Crypto ETPs to European Markets
Yahoo Finance· 2025-11-20 17:39
21Shares, a major issuer of cryptocurrency exchange-traded products (ETP), has announced the cross-listing of six additional ETPs on Nasdaq Stockholm. The new products include single-asset and index-based ETPs, bringing the total number of 21Shares ETPs available in Sweden to sixteen. According to the announcement, the six new listings are named with the company, the coin and its ticker in the market: 21shares Aave ETP (AAVE), Crypto Basket Index ETP (HODL), Cardano ETP (AADA), Chainlink ETP (LINK), Polka ...
Grayscale Investments® Announces Intention of Name Change and Anticipated Listing of Grayscale XRP Trust
Globenewswire· 2025-11-18 21:30
STAMFORD, Conn., Nov. 18, 2025 (GLOBE NEWSWIRE) -- On November 18, 2025, Grayscale Investments Sponsors, LLC, the sponsor (the “Sponsor”) of Grayscale XRP Trust (the “Trust”) announced its intention to change the name of the Trust to Grayscale XRP Trust ETF or GXRP, effective on or about November 21, 2025. In connection with the name change, the Sponsor plans to amend the Amended and Restated Declaration of Trust and Trust Agreement, dated as of August 14, 2024, as may be further amended from time to time, ...
X @CoinMarketCap
CoinMarketCap· 2025-11-17 15:33
This week's topics :1. Bear Market Cancelled: 'Does not feel like a cycle-peak': Bernstein says bitcoin's 25% slide reflects short-term correction instead of a turn to bear market2. ADAM BACK: Bitcoin faces no quantum risk for next 20–40 years3. Aster announces a multi-million dollar trading competition4. Introducing $CMC20, crypto’s First DeFi-Enabled Tradable Index Token5. Binance Pay Hits 20M Merchants After 1,700x Growth in Under a Year6. CoinShares: Digital asset investment products saw a net outflow o ...
Upexi Reports Record Digital Asset Revenue for Fiscal First Quarter 2026
Globenewswire· 2025-11-11 22:25
Core Insights - Upexi, Inc. reported record digital asset revenue of approximately $6.1 million for the fiscal first quarter ended September 30, 2025, with gross profit totaling $8.3 million, reflecting a 183% year-over-year increase [1][3][7] - The company achieved a net income of $66.7 million, a significant turnaround from a net loss of $1.6 million in the same quarter of the previous year, primarily due to an unrealized gain of approximately $78 million on its Solana treasury [1][7][14] Financial Highlights - Total revenue for the quarter was $9.2 million, compared to $4.4 million for the quarter ended September 30, 2024 [7] - Revenue from operations in the consumer brands business amounted to $3.2 million [7] - Digital asset revenue, mainly from staking income, was $6.1 million [7] - Gross profit reached $8.3 million, up 183% year-over-year, largely driven by the increase in digital asset revenue [7] - Net income was $66.7 million, or $1.21 per share, compared to a net loss of $1.6 million, or ($1.55) per share, for the same quarter in 2024 [7][14] Operational Highlights - The company enhanced its cash management strategy by holding Solana directly on its balance sheet, which has been generating meaningful yield [3] - Upexi closed a $200 million concurrent private placement of common stock and convertible notes [8] - An equity line agreement worth $500 million was announced to accelerate the growth of the Solana treasury strategy [8] - The company established the Upexi Advisory Committee, adding notable members to enhance its strategic direction [8] Conference Call Information - A conference call is scheduled for November 11, 2025, at 5:30 p.m. Eastern Time to discuss the earnings report [1][6]
Torrent Capital Announces Disposition of Its Solana Holdings
Newsfile· 2025-11-05 12:40
Torrent Capital Announces Disposition of Its Solana HoldingsTorrent Capital Ltd. has sold its remaining Solana (SOL) holdings, realizing gross proceeds of approximately $12.4 million CAD and strengthening its cash position.November 05, 2025 7:40 AM EST | Source: Torrent Capital Ltd.Halifax, Nova Scotia--(Newsfile Corp. - November 5, 2025) - Torrent Capital Ltd., (TSXV: TORR), ("Torrent" or the "Company") has exited its position in Solana (SOL) through a series of transactions primarily between ...
DAT ALERT: AlphaTON Capital Acquires 300,000 additional TON
Globenewswire· 2025-11-05 01:37
Core Insights - AlphaTON Capital has acquired an additional 300,000 TON Coin to enhance its TON Digital Asset Treasury, indicating a strategic move to strengthen its position in the digital asset market [1] Company Overview - AlphaTON Capital Corp is a specialized digital asset company focused on the Telegram ecosystem and managing a strategic reserve of TON tokens. The company employs a comprehensive M&A and treasury strategy that includes direct token acquisition, validator operations, and strategic ecosystem investments to generate sustainable returns for shareholders [2] - The leadership team includes CEO Brittany Kaiser, Executive Chairman and Chief Investment Officer Enzo Villani, and Chief Business Development Officer Yury Mitin, overseeing operations that span network validation, staking, and development of Telegram-based applications [2] Business Activities - AlphaTON Capital is involved in advancing potentially first-in-class therapies targeting known checkpoint resistance pathways, aiming to improve treatment responses and quality of life for patients. The company actively engages in drug development and provides strategic counsel for novel immunotherapy assets [3]
Key Metrics Demonstrate Upexi’s Proven Shareholder Value Creation
Globenewswire· 2025-11-04 13:00
Core Insights - Upexi, Inc. reported a $72 million unrealized gain, an 82% increase in adjusted SOL per share, and a 96% return for investors since its April equity private placement [1][9]. Treasury Update - As of October 31, 2025, Upexi holds 2,106,989 SOL, a 4.4% increase from 2,018,419 SOL on September 10, 2025 [6]. - The cost of Upexi's SOL is $325 million, equating to $157.66 per SOL, with a current valuation of $397 million based on the October 31 price of $188.56 per SOL [6][7]. - The unrealized gain includes price appreciation, staking rewards, and discounts on locked SOL, totaling $72 million [6][7]. - Approximately 42% of the portfolio consists of locked SOL purchased at a mid-teens discount to the spot price [6]. Business Initiatives - Upexi has increased its adjusted SOL per share by 47% in SOL terms and 82% in dollar terms since launching its treasury strategy [8]. - The company has a strong issuance track record, having raised $100 million in an equity private placement at $2.28 per share, resulting in a 96% increase in stock value for investors [9]. Value Creation Metrics - Upexi's treasury management operations demonstrate efficacy through multiple value accrual mechanisms, including intelligent capital issuance, staking, and discounted locked token purchases [5][10]. - The current daily yield from staking is approximately $75,000, with nearly all SOL being staked to earn a yield of 7-8% [6]. Advisory and Conferences - Upexi has added notable figures to its Advisory Committee and participated in several investor conferences, enhancing its visibility and strategic positioning in the market [6].
Institutional Digital Assets Tech Firm Talos to Focus on Business Expansion with Key Appointment
Crowdfund Insider· 2025-11-03 13:28
Talos, the provider of institutional digital assets technology and data for trading and portfolio management, announced the appointment of Drew Forman as SVP and Head of Strategy. In this executive role, Forman will spearhead various companywide initiatives such as ongoing market expansion, product development and corporate matters as Talos strengthen its position at the center of the institutional digital assets ecosystem.As Head of Cowen Digital, Forman had reportedly helped with launching a so-called ful ...
Universal Digital Announces Closing of First Tranche of Previously Announced Convertible Debenture Financing
Newsfile· 2025-11-03 10:00
Core Points - Universal Digital Inc. has successfully closed the first tranche of a private placement for senior secured convertible debentures and common share purchase warrants, raising a total of $3,336,364 in principal amount and issuing 834,091 warrants [1][2][3] Financing Details - The minimum conversion price for the convertible debentures has been increased from $0.05 to $0.30 [2] - The convertible debentures have a one-year term and bear an interest rate of 17.5% per annum, with interest paid in cash upon closing [3] - Each warrant allows the holder to purchase one common share at an exercise price of $0.637 until October 31, 2028 [4] Use of Proceeds - The company is required to allocate 80% of the net proceeds from each tranche for the purchase of Bitcoin, while the remaining 20% can be used for general working capital [6] Security and Restrictions - The convertible debentures are secured by all Bitcoin owned by the company, and there are restrictions on conversion and exercise of warrants to prevent Helena from owning more than 9.9% of the common shares [3][5] Company Overview - Universal Digital Inc. focuses on digital assets and aims to provide long-term capital growth through a diversified investment approach, particularly in blockchain and cryptocurrency sectors [11]
Grayscale Solana Trust ETF (Ticker: GSOL) Launches on NYSE Arca with Staking
Globenewswire· 2025-10-29 11:00
The Product Expands Grayscale’s Market-Leading Position with the Broadest Suite of Digital Asset ETPs in the U.S.STAMFORD, Conn., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Grayscale Investments®, the world’s largest digital asset-focused investment platform*, today announced that Grayscale Solana Trust ETF (Ticker: GSOL) has begun trading on NYSE Arca as an ETP, making it the first of Grayscale's staking products to uplist under the new generic listing standards approved by the U.S. Securities and Exchange Commissi ...