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Avalanche Foundation pushes AVAX price to seven-month high with $1 billion fundraising talks
Yahoo Finance· 2025-09-11 11:25
Core Insights - The Avalanche Foundation is reportedly seeking up to $1 billion in funding to establish dedicated treasury companies for its AVAX token, leading to a significant price increase for AVAX, which rose nearly 9% to $29, its highest level in seven months [1][2] Group 1: Funding and Market Performance - AVAX's performance has outpaced the broader top-20 crypto assets, which saw an average increase of 3% during the same period, placing AVAX among the top 10 gainers on CryptoSlate's list for September 11 [2] - Decentralized exchanges on the Avalanche network processed nearly $900 million in trading volume in the past day, marking the highest figure since March and ranking as the sixth-largest among all blockchain networks [3] Group 2: Treasury Companies Development - The Avalanche Foundation is in advanced discussions to create at least two digital asset treasury companies (DATCOs) focused on the AVAX token, with plans to raise up to $500 million through a private investment in a Nasdaq-traded company led by Hivemind Capital [4] - A second deal, structured through a special purpose acquisition vehicle led by Dragonfly Capital, aims to raise another $500 million, expected to conclude in October [5] Group 3: Market Impact and Trends - Proceeds from both fundraising efforts will be used to purchase AVAX tokens at discounted prices, which is anticipated to strengthen the token's market base and amplify interest in AVAX [5][7] - The trend of establishing treasury companies is growing in the industry, with Ethereum-focused treasury companies accumulating over 4.9 million ETH valued at $21.7 billion, and Solana DATCOs acquiring over 4.4 million SOL worth approximately $992 million [6]
Solana Hits 7-Month High Price as Bitwise Exec Foresees 'Epic End-of-Year Run'
Yahoo Finance· 2025-09-10 17:37
Core Insights - Solana is experiencing a resurgence, with a price increase of over 4% in the last 24 hours, reaching $223, and a 25% rise over the past 30 days, making it the top gainer among the top 10 crypto assets by market cap [1][2] Group 1: Market Conditions - The current market conditions for Solana include significant inflows from exchange-traded products (ETPs) and strong corporate treasury purchases, which are seen as key drivers for potential returns [2] - Digital asset treasuries focused on Solana have accumulated over $400 million worth of SOL from publicly traded firms like Upexi and DeFi Development Corp. since the beginning of the year [3] Group 2: Future Prospects - Forward Industries announced a $1.65 billion private investment in public equity (PIPE) raise, which could lead to the establishment of the largest publicly traded SOL treasury if over 25% of the proceeds are allocated to Solana [4] - Approval decisions from the SEC regarding spot ETFs for Solana and other cryptocurrencies are anticipated, with analysts suggesting that Solana ETF approvals are likely in 2025 [5] - The relative size of Solana compared to Bitcoin and Ethereum means that inflows could have a more significant impact on its price, with a $1.6 billion purchase of Solana shares equating to $33 billion in Bitcoin purchases [6] Group 3: Market Sentiment - Predictors on Myriad Markets indicate a growing optimism for Solana, with a 57% chance of reaching a new all-time high by the end of the year, and a 23% shift in favor of achieving this milestone by 2025 [6]
Safety Shot Appoints BONK Core Contributor Mitchell Rudy (Nom) to Board of Directors
Globenewswire· 2025-09-05 12:30
Core Insights - Safety Shot, Inc. is transitioning to integrate with the digital asset ecosystem by appointing Mitchell Rudy, a core founder of BONK, to its Board of Directors, following the resignation of Dave Long [1][2][3] - The appointment of Mr. Rudy aligns with the company's strategic focus on becoming a premier publicly-traded vehicle for digital assets, leveraging his expertise in the Solana ecosystem [2][3] - The company aims to build a bridge between traditional public markets and the BONK ecosystem, focusing on acquiring revenue-generating assets within the DeFi space to enhance its treasury of digital assets [4] Company Strategy - Safety Shot is evolving to connect traditional public markets with the digital asset ecosystem, particularly through its strategic integration with letsBONK.fun [4] - The company is focused on creating new revenue streams to support its balance sheet and growth in the digital asset space [4] - The beverage division includes the patented Safety Shot beverage, which is designed to rapidly reduce blood alcohol content, alongside Yerbaé's plant-based energy beverage [4]
NextGen Digital Platforms Inc. Appoints Mark Creaser to Advisory Board
Globenewswire· 2025-09-05 11:30
Core Viewpoint - NextGen Digital Platforms Inc. has appointed Mark Creaser as an advisor, enhancing its position in the decentralized AI sector and Web3 infrastructure [1][2]. Group 1: Appointment of Mark Creaser - Mark Creaser is the CEO of DSV Fund and a recognized leader in the Bittensor ecosystem, bringing extensive expertise and network reach in decentralized AI [2][3]. - His appointment is expected to strengthen NextGen's validator operations, subnet investments, and TAO-related strategies [2][4]. Group 2: Background of Mark Creaser - Under Creaser's leadership, DSV Fund has executed a targeted OTC strategy, securing high-value subnet positions and partnerships with key founders in the Bittensor network [3][4]. - Creaser has a proven track record in scaling and advising companies across various sectors, holding a BA in Economics and Government from the University of Manchester [5]. Group 3: Incentive Stock Options - In connection with his appointment, the Company has granted Creaser 200,000 incentive stock options exercisable at $0.50 per share for five years, with vesting beginning four months from the grant date [6]. Group 4: About NextGen Digital Platforms Inc. - NextGen Digital Platforms Inc. is a publicly listed fintech and digital asset company focused on providing exposure to a diversified portfolio of Web3 technologies and blockchain infrastructure [7]. - The Company is committed to developing innovative financial structures that align with decentralized finance while prioritizing transparency and regulatory compliance [7].
Mega Matrix Inc. Announces Filing of a $2 Billion Universal Shelf Registration Statement on Form F-3 to Accelerate Stablecoin Governance Token Treasury Reserve ("DAT") Strategy
Prnewswire· 2025-09-04 12:45
Core Viewpoint - Mega Matrix Inc. has filed a $2 billion universal shelf registration statement with the SEC to support its stablecoin governance token DAT strategy, aiming to become the largest company in this sector [1][3]. Group 1: Shelf Registration Details - The Shelf Registration allows Mega Matrix Inc. to offer and sell up to $2 billion of various securities, including Class A ordinary shares, preferred shares, debt securities, and warrants, subject to market conditions and SEC regulations [2][3]. - The specific terms and prices of the securities will be determined at the time of offering and detailed in a prospectus filed with the SEC [2][3]. Group 2: Strategic Intent - The management of Mega Matrix Inc. emphasized that the $2 billion shelf registration provides flexibility to support the DAT strategy, which is focused on accumulating governance tokens like $ENA [3]. - Governance tokens are viewed as equity within stablecoin ecosystems, and by building strategic positions, the company aims to gain financial benefits and influence in the evolving financial landscape [3]. Group 3: Company Overview - Mega Matrix Inc. is a holding company based in Singapore, expanding into the stablecoin governance tokens treasury reserve strategy while also operating FlexTV, a short-video streaming platform [5].
TONX (Formerly Verb) Exec Chairman Featured on CNBC ‘Squawk Box’ Asia
Globenewswire· 2025-09-04 12:30
Core Insights - The company, formerly known as Verb Technology Company, has rebranded to TON Strategy Company and began trading as TONX on the Nasdaq Capital Market on September 2, 2025 [2] - TONX's strategy focuses on accumulating Toncoin ($TON) and providing public market equity investors access to this unique asset class, leveraging its integration with Telegram, a platform with one billion users [3][4] Company Strategy - The company aims to steadily expand its $TON treasury through various means, including capital raising transactions, staking rewards, and open market purchases [4] - TONX positions itself as a significant infrastructure provider within the TON blockchain ecosystem, capitalizing on its unique integration with Telegram for digital wallets, payments, and applications [3] Legacy Operations - In addition to its digital asset strategy, the company continues to operate legacy business units such as MARKET.live, a multi-vendor livestream shopping platform, and LyveCom, which focuses on AI-powered social commerce [5]
上市公司 AlphaTON Capital 计划收购 1 亿美元 TON 代币
Xin Lang Cai Jing· 2025-09-03 13:37
(来源:吴说) 吴说获悉,AlphaTON Capital Corp(纳斯达克代码:ATON,原 Portage Biotech Inc)宣布启动一项战略 融资计划,拟收购约 1 亿美元的 Toncoin(TON),并建立一个专注于 Telegram 生态的数字资产金库型 公司。AlphaTON 已通过私募筹集约 3820 万美元资金,并与 BitGo Prime 签订 3500 万美元贷款协议。 公司自 9 月 4 日起,股票代码由 PRTG 变更为 ATON。 来源:市场资讯 ...
Digi Power X expands digital asset holdings, advances AI infrastructure built out
Proactiveinvestors NA· 2025-09-02 13:39
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
AIRNET TECHNOLOGY INC. COMPLETES US$180.0 MILLION REGISTERED DIRECT OFFERING
Prnewswire· 2025-08-28 12:00
Core Insights - AirNet Technology Inc. has completed a registered direct offering, raising approximately US$180.0 million through the sale of 80,826,225 ordinary shares and accompanying warrants [1] - The proceeds from this offering were paid entirely in digital assets, specifically around 819.07 Bitcoin and 19,928.91 Ethereum [2] - This financing marks a strategic transformation for AirNet, positioning the company as a dedicated participant in the digital asset ecosystem, supported by a team of cryptocurrency professionals [3] Financial Details - The gross proceeds from the offering amounted to approximately US$180.0 million [1] - The digital assets received include approximately 819.07 Bitcoin and 19,928.91 Ethereum, which were received before the deduction of offering expenses [2] Strategic Direction - The completion of this financing is seen as a pivotal new beginning for AirNet, aligning its treasury with future digital asset initiatives [4] - The company aims to maximize shareholder value through a sophisticated, multi-faceted strategy guided by its new team of experts in the cryptocurrency field [3][4]
CSLM Digital Asset Acquisition Corp III, Ltd $200 Million Initial Public Offering
Globenewswire· 2025-08-26 20:54
Company Overview - CSLM Digital Asset Acquisition Corp III is a newly organized special purpose acquisition company (SPAC) formed in the Cayman Islands, focusing on acquiring businesses in the digital asset space [1][7] - The company is led by Chairman and CFO Vik Mittal and CEO Charles T. Cassel III, supported by a distinguished board of directors [2] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO, offering 20,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of a redeemable warrant [1] - The IPO is expected to close on August 28, 2025, subject to customary closing conditions, and Cohen & Company Capital Markets is acting as the sole book-running manager [4] Investment Focus - The SPAC aims to target businesses positioned for long-term growth in the digital asset sector, particularly those involved in blockchain and distributed ledger technologies [3] - The focus will be on companies in "new economy sectors" within Frontier Growth Markets, including critical infrastructure such as wallets, custody solutions, exchanges, and tokenized financial instruments [3] Trading Information - The units are expected to trade on The Nasdaq Global Market under the ticker symbol "KOYNU" starting August 27, 2025, with separate trading for Class A ordinary shares and warrants under the symbols "KOYN" and "KOYNW," respectively [1]