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Antalpha Anchors $150 Million Financing in Aurelion Treasury; Initiating NASDAQ’s First Tether Gold Treasury
Globenewswire· 2025-10-10 12:00
Core Viewpoint - Prestige Wealth Inc. plans to be renamed Aurelion Inc. and will focus on Tether Gold (XAU₮) as its sole treasury reserve, aiming to enhance liquidity and stability in the digital asset space [1][11]. Investment and Financial Structure - Antalpha invested approximately $43 million in a $100 million private placement (PIPE) for Aurelion, acquiring controlling voting rights [1][7]. - The investment includes participation from accredited investors such as Tether and Kiara Capital, with Tether contributing $15 million and Kiara Capital $6 million [7]. - Following the transaction, Antalpha holds approximately 32.4% of Aurelion's shares and 73.1% of the voting rights [7]. Strategic Initiatives - Aurelion will anchor its treasury exclusively in Tether Gold (XAU₮), which is 100% physically backed and redeemable for gold stored in Switzerland [6][11]. - The initiative aims to provide a safe haven against inflation, currency devaluation, and crypto volatility, enhancing collateral resilience [3][6]. - Antalpha's Reserve 2.0 strategy builds on previous investments in Tether Gold, aiming to scale reserves with institutional infrastructure and governance [4]. Market Context - Gold has historically served as a benchmark of value and a hedge against macroeconomic volatility, making it a strategic asset in the digital economy [5]. - Tether Gold (XAU₮) has acquired approximately 7 tons of gold since its launch in 2020, ensuring institutional-grade transparency and liquidity [6]. Future Outlook - Aurelion aims to continue fundraising to purchase additional Tether Gold, which is expected to provide stability and smoother operations [7]. - The company will also maintain its wealth management and asset management services alongside its new focus on tokenized gold [11].
X @Andy
Andy· 2025-10-08 22:38
The great debasement trade.2020 COVID print lit the fuse & Trump has poured the gasoline.M2 is up only.Gold & Bitcoin are repricing.Meanwhile, deregulation of the entire digital asset industry.Consumer apps are hitting mainstream adoption.Majors look ready for new blue sky highs.What’s next? Probably a lot of volatility.Up & down.Long term trend is up & to the right. See you on the other side…Arthur Hayes (@CryptoHayes):The new TradFi meta narrative is the "debasement trade". It took them almost twenty year ...
Bit Digital Inc. Purchases 31,057 ETH With Convertible Notes Proceeds, Raising Capital at a Premium to mNAV
Prnewswire· 2025-10-08 11:30
Core Insights - Bit Digital has purchased approximately 31,057 Ethereum (ETH) using proceeds from a $150 million convertible notes offering, enhancing its Ethereum treasury [1][2] - The company now holds around 150,244 ETH, positioning it among the largest institutional Ethereum treasuries in public markets [2] - The initial conversion price of the convertible notes is $4.16 per share, representing an 8.2% premium to the company's estimated mark-to-market net asset value (mNAV) of $3.84 per share [3] Financial Overview - The estimated mNAV of Bit Digital is approximately $3.84 per share, based on the value of its ETH holdings and its stake in WhiteFiber, Inc. [3] - The convertible notes offering attracted notable crypto-focused investors, including Kraken Financial, Jump Trading Credit, and Jane Street Capital [2] - As of September 29, 2025, Bit Digital's ETH holdings are valued at approximately $512.7 million, while its stake in WhiteFiber is valued at around $723.1 million, leading to a combined value of approximately $1.236 billion [7] Strategic Focus - The company aims to expand its Ethereum treasury in a cost-effective manner while benefiting from its majority stake in WhiteFiber, which is a leading AI infrastructure provider [2][5] - Bit Digital's strategy emphasizes growing NAV per share to create long-term value for shareholders [2] - The company operates one of the largest institutional Ethereum staking infrastructures globally, focusing on advanced validator operations and yield optimization [5]
Bullish and Deutsche Bank partner to deliver seamless fiat integration for institutional crypto trading
Prnewswire· 2025-10-08 08:00
Core Insights - Bullish has announced a corporate banking partnership with Deutsche Bank, marking a significant step towards integrating traditional financial services with the digital asset industry [1] Company Summary - Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services [1] Industry Summary - The collaboration between Bullish and Deutsche Bank signifies a deeper integration of traditional financial services within the digital asset sector, highlighting the growing convergence between these two industries [1]
BNB Continues Historic Surge as Nasdaq-Listed Firm Reveals $611 Million Treasury
Yahoo Finance· 2025-10-07 18:56
Core Insights - BNB has reached a new all-time high, surpassing Tether to become the third-largest cryptocurrency by market cap [1][2] - CEA Industries Inc. holds over $600 million worth of BNB, with a total investment of approximately $412.8 million [1][2] - BNB's value has increased by 27% in the last week, currently priced at $1,273, and is up 121% over the past year [2] Company Developments - CEA Industries Inc. aims to own 1% of the total BNB token supply by the end of 2025, following the model of other digital asset treasury leaders [3] - CEA's stock has seen fluctuations, peaking at nearly $83 per share in July, but is currently up 8% on the day at above $10 per share [3] Market Trends - The recent surge in BNB's price is attributed to increased on-chain activity and growing institutional interest [5] - The launch of BNB-based perpetual futures exchange Aster has contributed to rising activity and user onboarding on BNB Chain [4]
CleanCore Solutions Provides Dogecoin Treasury Update; Current Holdings Include 710M DOGE with Over $20 Million in Unrealized Gains
Globenewswire· 2025-10-07 12:00
Core Insights - CleanCore Solutions, Inc. has established an Official Dogecoin Treasury backed by the Dogecoin Foundation, aiming to acquire 1 billion DOGE, with current holdings exceeding 710 million DOGE and over $20 million in unrealized gains as of October 6, 2025 [1][2][3] Financial Strategy - The company raised approximately $175 million through a private placement on September 5, 2025, to support its disciplined capital deployment strategy focused on long-term market capitalization and net asset value (mNAV) accretion [2][3] - CleanCore's approach emphasizes not just increasing DOGE holdings but also enhancing shareholder value and ensuring responsible scaling with transparency [2][3] Treasury Program Progress - The initial weeks of the Treasury program have been productive, with a clear strategy to reach the one-billion DOGE milestone, aligning with the long-term vision of the House of Doge [3][4] - The partnership with Bitstamp by Robinhood provides a secure trading venue for treasury transactions, enhancing transparency and safeguarding token holdings [3][4] Utility and Market Positioning - The House of Doge is focused on expanding the utility of Dogecoin, positioning it as both a transactional currency and a long-term reserve asset, which is expected to drive demand [3][5] - Initiatives are underway to develop financial products and real-world asset tokenization, aiming to integrate Dogecoin into everyday commerce [5]
ASTER Price Stages Unexpected 5% Rebound on Binance Listing
Yahoo Finance· 2025-10-06 11:26
Core Insights - The listing of Aster (ASTER) on Binance has led to a significant price surge, supported by a broader cryptocurrency bull run [1][5] Group 1: Binance Listing Details - Binance announced the listing of ASTER with a seed tag, indicating higher volatility and potential risk, effective from October 6, 2025 [2][3] - Trading pairs for ASTER will include ASTER/USDT, ASTER/USDC, and ASTER/TRY, with trading opening at 12:00 (UTC) [2] - Deposits for ASTER will be available from 09:00 (UTC) on the same day, while withdrawals will commence the following day at 12:00 (UTC) [3] Group 2: Market Performance - Following the Binance announcement, ASTER's price increased to $2.05, reflecting a 2.18% rise in the last 24 hours [5] - ASTER's market capitalization is currently at $3.48 billion, ranking it as the 32nd largest cryptocurrency [5] - The 24-hour trading volume for ASTER has surged by 53.86%, reaching $1.52 billion [6] Group 3: Company Developments - Aster has had a successful year, with the CEO revealing plans for a proprietary Layer-1 blockchain and a buyback program [6] - The CEO had previously hinted at the potential Binance listing, which has now materialized [6]
FOMO Pushes Institutions to Double Down on 5% Crypto Allocation — Laser Digital CEO
Yahoo Finance· 2025-10-03 10:39
Core Insights - Institutional adoption of crypto has gained momentum following the U.S. approval of spot Bitcoin ETFs in January 2024, leading to discussions on asset allocation strategies [1] - The debate centers around whether large investors should allocate more than 5% of their assets under management to crypto, with allocations above the pre-2025 standard risk-adjusted threshold of 1-5% seen as a significant win for Bitcoin [1] Group 1: Institutional Behavior - Institutions are increasingly considering allocations above the 5% threshold due to a mix of structural factors such as ETFs, custody solutions, and evolving accounting standards, alongside market sentiment [2] - The competitive fear of missing out (FOMO) is driving this shift, as no Chief Investment Officer (CIO) wants to be left behind by peers [3] Group 2: Diversification and Risk - While crypto assets may show high correlation with equities during downturns, they are still viewed as a means to diversify return streams over the long term, with allocations beyond 5% focusing on capturing uncorrelated sources of long-term alpha [4] - Critics argue that institutions may confuse speculative growth potential with sustainable long-term value, but the current investment landscape includes regulated ETFs and infrastructure developments that support long-term market evolution [5] Group 3: Market Dynamics - The return distributions of crypto assets differ from traditional assets, influenced by factors such as adoption cycles, technological innovation, and monetary dynamics [6] - Institutions are exploring tactical flexibility through yield strategies, lending, and derivatives, indicating a more sophisticated approach to crypto investments [6]
NextGen Digital Platforms Inc. Responds to OTC Markets Request on Recent Promotional Activity
Globenewswire· 2025-10-03 01:00
Core Viewpoint - NextGen Digital Platforms Inc. has been involved in promotional activities regarding its common shares, which were disclosed following a request from OTC Markets Group Inc. The company acknowledges its engagement with Gold Standard Media LLC for investor relations and advertising services, which included the distribution of promotional materials [1][2][3]. Group 1: Promotional Activities - On September 29, 2025, OTC Markets informed the company about promotional activities related to its shares, including newsletters published by Gold Standard Media LLC discussing the company and its Bittensor business [2]. - The company entered into an advertising agreement with Gold Standard Media LLC on July 28, 2025, and was aware of the promotional activities since that date [3]. - The company provided publicly available information for the marketing materials, which were reviewed and approved by management for factual accuracy [5]. Group 2: Company’s Position on Promotional Impact - The company does not believe that the promotional activities were the primary factor for any increase in trading volume but rather that they increased investor interest and awareness [6]. - After inquiries, the company confirmed that no directors, officers, or third-party service providers were involved in the creation or distribution of promotional materials beyond what was disclosed [7]. Group 3: Recent Share Transactions - The CEO of the company purchased 300,000 shares in the past 90 days, indicating insider confidence [8]. Group 4: Investor Relations and Services - The company has engaged several third-party service providers for investor relations and marketing services over the past twelve months, including Gold Standard Media LLC, Tafin GmbH, and others [9]. Group 5: Company Overview - NextGen Digital Platforms Inc. is a publicly listed fintech and digital asset company focused on Web3 technologies, blockchain infrastructure, and digital assets, aiming to develop innovative financial structures aligned with decentralized finance [11]. - The company also operates PCSections.com, an e-commerce platform, and a hardware-as-a-service business supporting the artificial intelligence sector [12].
BNB Climbs 3.5% as Fed Rate Cut Bets Fuel Rally Past Key Resistance
Yahoo Finance· 2025-10-02 14:06
Market Overview - BNB rallied over 3.5% in the last 24 hours, reflecting broader gains in the crypto market amid expectations of a Federal Reserve rate cut [1] - The token's price increased from a low of $1,017.44 to above $1,050, breaking through key resistance levels [1] Employment Data Impact - The U.S. government shutdown has paused official jobs data, leading traders to rely on a weak ADP report indicating a loss of 32,000 jobs in September, contrary to expectations for a gain [2] - Derivatives markets are now pricing in a near certainty of a 25 basis point rate cut later this month [2] BNB Price Action - BNB's price movement reflected the sentiment shift, bouncing off the $1,020 support level and closing higher with trading volume exceeding the 24-hour average [3] - The token surpassed the $1,035 resistance during the rally, coinciding with a 2.25% increase in the broader crypto market as measured by the CoinDesk 20 index [3] Token-Specific Catalysts - BNB Chain reduced its minimum gas fee to 0.05 Gwei, positioning it as one of the cheapest networks among major blockchains [4] - Kazakhstan's Alem Crypto Fund has designated BNB as its first investment asset, indicating rising adoption at the sovereign level [4] Security Incident - BNB experienced a brief security incident where the BNB Chain's X account was compromised, resulting in a theft of approximately $13,000 before resolution [5]