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Safety Shot Launches BONK Holdings to Build Treasury in $2.5 Billion BONK Ecosystem
Globenewswire· 2025-09-11 12:30
Core Insights - Safety Shot, Inc. has formed a new subsidiary, BONK Holdings LLC, to manage its digital asset strategy and has executed a $5 million purchase to increase its BONK treasury to over $63 million [1][2] Group 1: Company Strategy - BONK Holdings has built its treasury through previous raises and a recent $5 million purchase, acquiring approximately 228.9 billion $BONK at an average cost of $0.00002184, now holding over 2.5% of the total circulating supply valued at around $55 million [2] - The company aims to unlock intrinsic value for shareholders and plans to actively manage its BONK treasury by participating in the Solana DeFi ecosystem through staking, providing liquidity, and yield farming, which is expected to generate non-dilutive returns [3] - The formation of BONK Holdings and the partnership with FalconX are seen as pivotal steps in establishing a premier publicly traded vehicle for the BONK ecosystem, with the current digital and cash assets valued above the entire market cap [4] Group 2: Revenue Generation - The company has a 10% revenue sharing interest from the profitable letsBONK.fun platform, which will fund ongoing BONK token acquisitions once custody practices are finalized [4] - Safety Shot is focused on acquiring revenue-generating assets within the DeFi space to build a robust treasury of digital assets, bridging traditional public markets and the digital asset ecosystem [5]
Three Main Catalysts Driving Ethereum's Price: Sygnum
Yahoo Finance· 2025-09-11 10:25
Core Insights - Ethereum is experiencing a bullish momentum driven by improving fundamentals, a spike in demand, and a declining supply, as reported by digital asset bank Sygnum [1] - The price of Ethereum has surged approximately 140% since the Pectra upgrade, outperforming Bitcoin and Solana, attributed to the successful execution of the upgrade [2] - The launch of spot Ethereum ETFs in July 2024 led to significant demand influx after the SEC clarified that staking services are not securities offerings [3] Demand and Supply Dynamics - Ethereum ETFs have accumulated $27.73 billion, representing about 5.31% of Ethereum's market capitalization, while digital asset treasuries (DATs) have gathered $16.02 billion [4] - Staking services have removed nearly 30% of Ethereum's supply from circulation, contributing to the supply shortage [4] - Additional demand sources include DeFi, real-world assets, and rollups, indicating a broader interest in Ethereum beyond ETFs and DATs [5] Future Outlook - Analysts suggest that Ethereum is poised for further growth unless hindered by economic or regulatory challenges, with upcoming upgrades and rising institutional adoption reinforcing its position [6] - Market sentiment is cautiously optimistic, with around two-thirds of users on the prediction market Myriad expecting Ethereum to exceed $5,000 this year [6]
Eightco Holdings Inc. Announces Nasdaq Ticker Symbol Change to ORBS, Advancing the AI Revolution
Prnewswire· 2025-09-11 10:15
Core Insights - Eightco Holdings Inc. has changed its Nasdaq ticker symbol to "ORBS," marking a significant moment for the company and its commitment to the Proof of Human revolution [1][3] - The company recently closed a $270 million private placement to implement a unique Worldcoin treasury strategy, with a $20 million investment from BitMine Immersion [1][2] - The proprietary iris-scanning Orb technology aims to address future security and identity challenges, providing a foundation for trusted digital identities and economic exchanges [3][4] Company Developments - Dan Ives has been appointed as the Chairman of the Board, emphasizing the importance of the ORBS ticker as a symbol of trust and authentication in the AI era [3] - The Orbs serve as the hardware backbone for Worldcoin, verifying unique humans and distributing tokens fairly, thus creating a trusted digital identity system [4] - Eightco Holdings is advancing the AI revolution with a digital asset treasury strategy that is integral to future authentication and verification [9]
X @Bloomberg
Bloomberg· 2025-09-11 08:56
Standard Chartered-backed digital assets storage firm Zodia Custody has dissolved its Japanese joint venture with SBI two years after it was launched https://t.co/fGnJbCb79r ...
Filecoin's FIL Pares Gains to Trade Little Changed After Testing $2.50 Resistance Level
Yahoo Finance· 2025-09-09 18:19
Core Insights - Filecoin (FIL) exhibited minimal price movement over the last 24 hours, trading within a range of $0.08, reflecting a volatility of 3.3% between $2.41 and $2.50 [1][2] - A V-shaped recovery pattern was observed, with the asset initially declining to test institutional support levels before rebounding to $2.50 [1][5] - The broader cryptocurrency market also experienced a decline, with the CoinDesk 20 index down by 0.8% [2] Technical Analysis - Selling pressure was noted at the $2.50 resistance level, with institutional trading volume reaching 4.7 million tokens [2][5] - The $2.41-$2.42 price zone showed strong institutional support through multiple successful tests, with trading volume surpassing the 24-hour average of 2.80 million units [2][5] - The recent trading price of FIL was approximately $2.43, reflecting a 0.3% decrease over the last 24 hours [2]
Washington’s Crypto Pivot Isn’t About Silicon Valley. It’s About Treasuries
Yahoo Finance· 2025-09-09 17:16
Much ado has been made about U.S. President Donald Trump’s open-armed embrace of crypto. One theory is that the White House’s friendliness toward digital assets is a favor to Silicon Valley donors, a gesture to innovation-friendly constituencies. Another is that it reflects an administrative belief in the efficiency gains that blockchain can bring to payments. Both explanations may hold some truth. But they miss a more pressing, and under-analyzed, reason: America has a debt problem. And the challenge isn ...
Tokenization of private credit could unlock transparency and growth, says Kadena exec
Yahoo Finance· 2025-09-08 19:14
Tokenization is one of the hottest trends in digital assets today, but not every asset class benefits equally from the shift. Cesar Pereira, who serves as VP of Business Development for Kadena Labs, says tokenized stocks are unlikely to gain traction, while private credit could be the breakout use case that defines the next wave of adoption. “When we talk about tokenized stocks, or what I call equities, that's a very mature marketplace today,” Pereira said in an interview with TheStreet Roundtable's Alp G ...
Limitless X Holdings, Inc. Launches Comprehensive Investor Relations Website Highlighting Strategic Growth Across Health, Wellness, Entertainment, Film, Digital Assets, and Lifestyle Real Estate
Globenewswire· 2025-09-04 16:30
Core Insights - Limitless X Holdings, Inc. has launched a new Investor Relations website to enhance transparency and communication with investors [1][2] - The company operates through various subsidiaries in Health and Wellness, Film and Television Production, Sports Media, Digital Assets, and Lifestyle Real Estate, positioning itself for multi-vertical growth [1][2][4] Investor Relations Website Features - The new Investor Relations site provides centralized access to financials, shareholder letters, governance, and updates across all operating divisions [1][2] - It aims to empower investors by consolidating shareholder communications, financial reporting, and strategic insights [2][6] Company Overview - Limitless X Holdings is focused on creating a high-growth, value-driven ecosystem that promotes health, wellness, entertainment, and lifestyle innovation [4] - The company is expanding its Direct-to-Consumer eCommerce platform and developing wellness-centered communities and premium lifestyle destinations [4] Strategic Goals - Limitless X is positioned for aggressive international expansion and exceptional customer engagement through a strengthening global distribution network and strategic partnerships [4] - The company emphasizes long-term value creation and transparency in its operations [2][4]
Limitless X Holdings Issues Shareholder Letter Detailing Strategic Transformation, Reg A+ Qualification, Capital Markets Milestones, and Near-Term Growth Outlook
Globenewswire· 2025-09-03 15:55
Core Insights - Limitless X Holdings, Inc. has undergone significant transformation, focusing on internalizing operations and enhancing its product innovation capabilities to drive growth [2][4][8] - The company aims to create a fully integrated platform that extends beyond nutritional supplements into various sectors, including health, wellness, entertainment, and real estate [5][6][12] Company Transformation - The company has restructured its operations by bringing compliance, marketing, and operations in-house, which has strengthened its legal division and product innovation team [2][4] - A focus on unique and differentiated products is emphasized, with a team of experts ensuring that offerings meet real-world consumer needs [3][6] Strategic Initiatives - Limitless X is launching a Regulation A Tier 2 Offering, which has been qualified by the SEC, allowing for expanded access to capital markets and a broader investor base [8][10] - The introduction of a new class of perpetual preferred stock (symbol 'LIMXP') with a 15% annual dividend aims to attract both institutional and retail investors [10][19] Debt Management - The company is actively working to restructure and reduce legacy debt, with the CEO relinquishing personal debt claims to alleviate financial burdens [11][19] - This restructuring is expected to enhance the company's capital structure and focus on growth and innovation [11][19] Ecosystem Development - Limitless X is building a "Look Good, Feel Great" ecosystem that integrates wellness, entertainment, and digital innovation [12][22] - The primary operating subsidiary, Limitless X, Inc., focuses on direct-to-consumer dietary supplements and is expanding into offline retail distribution [13][29] Future Growth Areas - The company is entering synergistic verticals, such as BodyCor, which aims to integrate advanced health technologies with personalized wellness solutions [14][37] - Limitless Films is being developed as a creative hub to finance films and integrate brand visibility through influencer collaborations [17][18] Market Positioning - Limitless X is positioning itself as a leader in personalized healthcare, with initiatives expected to rapidly expand revenue and strengthen market presence [24][25] - The company plans to leverage digital assets and Web3 technologies to enhance consumer engagement and create new revenue streams [21][32] Long-Term Vision - The company envisions redefining health and wellness approaches by embedding preventative health and cutting-edge science into everyday consumer experiences [30][31] - A commitment to using entertainment as a platform for education and transformation is central to the company's strategy [31][32]
Galaxy and Superstate Launch GLXY Tokenized Public Shares on Solana
Prnewswire· 2025-09-03 11:00
Core Insights - Galaxy Digital Inc. has partnered with Superstate to enable the tokenization of its SEC-registered public equity, marking a significant milestone as the first public company to do so on a major blockchain [1][5][4] - The tokenization process allows stockholders to hold Galaxy shares onchain, providing benefits such as real-time ownership updates and compliance with traditional equity regulations [3][7] Company Overview - Galaxy Digital is a global leader in digital assets and data center infrastructure, focusing on solutions that enhance finance and artificial intelligence [10][11] - The company aims to bridge traditional equities with blockchain technology, enhancing transparency, programmability, and efficiency in capital markets [4][6] Tokenization Process - Stockholders can tokenize their GLXY shares through Superstate's Opening Bell platform, which directly involves the issuer in the tokenization process [2][3] - The tokenized shares are legally equivalent to traditional equity and are recorded onchain by Superstate, acting as the SEC-registered transfer agent [3][5] Market Impact - This initiative represents a transformative step in public equity infrastructure, allowing for 24/7 market potential and near-instant settlement of transactions [4][5] - Galaxy and Superstate are exploring the potential for tokenized public equities to trade via Automated Market Makers (AMM), which could enhance liquidity and utility for investors [6][7] Regulatory Compliance - The tokenization process is designed to comply with regulatory standards, ensuring that the shares remain fully compliant with existing securities laws [4][6] - Approved KYC'd investors will be able to hold and transfer the tokenized shares within their crypto wallets, with ownership records updated in real-time [7]