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Bonk, Inc. Welcomes Strategic Partner TenX Protocols Following Public Debut and Acquisition of ~220 Billion BONK Digital Assets
Accessnewswire· 2026-01-15 13:00
Core Insights - TenX Protocols Inc. has made a significant entry into the BONK ecosystem by acquiring approximately 219.7 billion BONK digital assets, reinforcing the institutional treasury thesis for this asset class [2][3] Group 1: Company Developments - TenX has established a strategic partnership with BONK Contributors and executed a substantial treasury acquisition, marking a major institutional milestone for the asset class [1][3] - The acquisition of BONK assets was achieved through a combination of open-market and over-the-counter purchases at an average cost of approximately US$0.00001138 per unit [2] - TenX's entry into the ecosystem is seen as a validation for Bonk, Inc. shareholders, indicating that other public companies are investing in the same asset class that supports Bonk, Inc.'s treasury strategy [3] Group 2: Leadership Statements - Mat Cybula, Co-Founder of TenX, expressed excitement about launching TenX as a public company alongside BONK Contributors, highlighting the strong community and real on-chain activity within the BONK ecosystem [4] - Jarrett Boon, CEO of Bonk, Inc., described TenX's acquisition of BONK as a watershed moment, emphasizing that it confirms the asset's transition from the fringe to the balance sheets of regulated entities [4] Group 3: Company Backgrounds - TenX Protocols Inc. debuted on the TSX Venture Exchange on December 10, 2025, after successfully closing CAD 29.9 million in subscription receipt financings [4] - Bonk, Inc. aims to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets in decentralized finance and operating a beverage division [5]
X @Sei
Sei· 2026-01-14 18:28
Alchemy. Infura. QuickNode. Privy. Dynamic. And more.$100B+ in annual transaction volume. 75M+ embedded wallets. 2M+ deployed contracts.The tooling and infrastructure powering the largest applications in crypto—live on Sei.This is the foundation for next-generation markets. https://t.co/15nap3wVyq ...
Popular crypto firm announces layoffs after token's disastrous drop
Yahoo Finance· 2026-01-14 17:03
Core Insights - MANTRA, a layer-1 blockchain firm focused on real-world asset tokenization, announced a company-wide restructuring aimed at becoming leaner and more capital-efficient heading into 2026 [1][5] - The restructuring follows a significant market downturn and the collapse of its native token, OM, which fell by over 90% in April 2025, impacting the project's financial position and market perception [3][5] - CEO John Patrick Mullin attributed the token's collapse to forced liquidations by centralized exchanges, which he claims triggered a cascading sell-off [4] Company Overview - MANTRA was initially launched as MANTRA DAO, a DeFi-focused platform, before evolving into MANTRA Chain [2] - The company has invested heavily in scaling its layer-1 blockchain and RWA tokenization infrastructure, but faced unsustainable cost structures due to various market challenges [5] Restructuring Details - The restructuring will lead to headcount reductions across various teams, including business development, marketing, HR, and support functions, with cuts not being performance-related but reflecting a narrower operational focus [6] - Despite the challenges, the CEO expressed confidence in the potential of MANTRA Chain and its role in the next phase of crypto adoption [7]
BNB Chain News: Sector Market Cap Grows $9.2B as Fermi Upgrade Goes Live
Yahoo Finance· 2026-01-14 16:50
Core Insights - The crypto market is experiencing significant momentum, with Bitcoin (BTC) reaching a three-month high of over $96,000, driven by lower-than-expected core CPI and reduced market fear [1] - Market cycle indicators suggest that the crypto market is not overheated, indicating potential for further growth, while Bitcoin maintains its dominance despite a recovery in many altcoin sectors [2] BNB Chain Market Overview - The BNB Chain ecosystem has seen a 4.1% increase, adding $9.2 billion to its market capitalization since the last update, with the BNB token gaining 5% week-over-week and briefly surpassing the $950 mark [3][5] - On-chain activity has significantly increased, with daily active users rising by 7.1% week-over-week, although BNB Chain's share of DEX trading volume has decreased to 10.3% from 13.8% [7] Notable Developments - The Fermi upgrade on the BNB Smart Chain has successfully reduced block times from 0.75 seconds to 0.45 seconds, enhancing transaction throughput for DeFi applications [8] - COTI Network has introduced a privacy layer for the BNB Chain ecosystem, allowing developers to integrate confidential computation and encrypted transactions into existing DApps [8] Market Performance - Chinese meme coins are emerging as a notable trend within the market, with significant gains observed in this sector [4] - Audiera (BEAT) has experienced a sharp decline of 30.6% week-over-week and 86% month-over-month, highlighting volatility in the market [6]
BNB Chain Hits 0.45s Block Times with Fermi Hard Fork to Rival High-Speed Chains
Yahoo Finance· 2026-01-14 15:17
Core Insights - BNB Chain successfully activated the Fermi hard fork on January 14, transitioning to a block production speed of 0.45 seconds, enhancing its Ethereum-compatible environment [1][2] - The upgrade aims to improve network speed predictably as usage increases, targeting "exchange-grade" DeFi operations by reducing slippage and enhancing automated liquidation efficiency [2] - The Fermi upgrade positions BNB Chain competitively against ultra-low-latency rivals, offering "hard" settlement on the base layer compared to "soft" speed from many Layer 2 solutions [3] Technical Achievements - The Fermi upgrade achieved a block production cadence of 2 to 3 blocks per second, representing a 40% efficiency gain over previous Maxwell-era speeds [4] - BNB Chain's block time of 0.45 seconds places it in a strong competitive position, deepening its sub-second lead against other Layer 1 solutions like Solana and Sui [4] Market Dynamics - There is growing institutional demand for the enhanced speed, as evidenced by recent investment signals from YZi Labs Genius Terminal, indicating a shift towards professional on-chain trading infrastructure [5] - Following the upgrade, the market exhibited a "wait-and-see" attitude, with BNB experiencing a brief sell-off to $948 before reaching a peak of $952, currently trading near $933.64 with a neutral Relative Strength Index [6]
Algorand Foundation returns to U.S. amid friendlier crypto regulation under Trump
Yahoo Finance· 2026-01-14 14:00
The Algorand Foundation said it will re-establish its headquarters in the United States, returning to Delaware from Singapore as part of a broader restructuring that includes the appointment of a new board of directors, the organization said in a press release Wednesday. The nonprofit, which supports development of the Algorand blockchain, said the move reflects a renewed emphasis on U.S. operations as it expands work on areas such as payments infrastructure, asset tokenization and other blockchain-based ...
Polygon CEO explains strategy behind $250M acquisition of Coinme, Sequence
Yahoo Finance· 2026-01-13 17:17
Core Insights - Polygon Labs has announced a definitive agreement to acquire Coinme and Sequence for over $250 million, aiming to enhance its Polygon Open Money Stack [1][6] - The Open Money Stack is designed to provide integrated payment solutions for various financial entities, facilitating transactions with both U.S. dollar stablecoins and international stablecoins [3][4] Company Overview - Polygon Labs is a blockchain technology company focused on developing the Polygon ecosystem, which aims to improve the efficiency of blockchain transactions [2] - Coinme, founded in 2014, operates a fiat-to-crypto network with over 50,000 retail locations and holds money-transmitter licenses in 48 U.S. states [5] - Sequence provides wallet and application infrastructure across major networks and partners with Google Cloud for distribution [7] Acquisition Details - The acquisition of Coinme will make it a wholly owned subsidiary of Polygon Labs, pending regulatory approvals expected in Q2 2026 [6] - The integration of Sequence will enhance Polygon's ecosystem with enterprise smart wallets and a cross-chain orchestration engine [7][8] - The acquisition is anticipated to close in January 2026, creating a vertically integrated stack for seamless transactions from fiat accounts to on-chain activities [8] Market Impact - The combined businesses have processed over $1 billion in off-chain sales and facilitated more than $2 trillion in on-chain value transfers, indicating significant market activity [4] - Polygon aims to become a leading avenue for stablecoin money movement globally, as stated by its CEO [4]
AppYea Enters Commercial Execution Phase with Appointment of Techlott Founder Mark Katzenelson as President and Board Member
Prnewswire· 2026-01-13 14:24
JERUSALEM, Jan. 13, 2026 /PRNewswire/ -- AppYea, Inc. (OTCQB: APYP) ("AppYea" or the "Company") today announced a key leadership appointment supporting its ultimate transition into commercial execution and institutional deployment. Mark Katzenelson, Founder of Techlott and architect of the Company's core blockchain technology, has been appointed President of AppYea and elected to its Board of Directors. The appointment follows the recent designation of Ben Harris as Chief Technology Officer and completes a ...
Polygon targets stablecoin payments with deals worth $250 million
Yahoo Finance· 2026-01-13 14:05
Core Insights - Polygon Labs is acquiring Coinme and Sequence for over $250 million to enhance its capabilities in stablecoin-based transactions [1][2] - The company aims to become a regulated U.S. payments player, initially focusing on business-to-business payments with plans to expand into consumer services later [2] Group 1: Acquisitions and Strategy - The acquisitions of Coinme and Sequence are intended to consolidate fragmented infrastructure for stablecoin transactions and expand Polygon's market reach [2] - Polygon's CEO emphasized that the company's strategy will focus on partnerships rather than direct competition with established players like Visa and Mastercard [3] Group 2: Company Backgrounds - Coinme, founded in 2014, enables users to convert cash to cryptocurrency and has notable investors including Pantera, Digital Currency Group, and Circle [4] - Sequence provides technology to facilitate crypto transfers across different blockchains and has received backing from Brevan Howard Digital and Coinbase [4]
SonicStrategy Reports Total Network Exposure of 177.6 Million Sonic Tokens
TMX Newsfile· 2026-01-13 13:50
Core Insights - SonicStrategy Inc. has reported significant growth in its validator scale and token exposure as of January 11, 2026, with a total of 177.6 million Sonic tokens across various holdings and strategies [3][4][5] Company Validator Scale and Token Exposure - The company's Sonic validators hold 138.4 million self-staked Sonic tokens, valued at approximately $11.8 million USD (about $16.2 million CAD) [3] - Total Sonic network exposure, including third-party delegations, is approximately 177.6 million Sonic tokens, representing a value of $15.1 million USD (CAD $20.8 million) [3][4] - The company operates two validators: the first holds 33.2 million Sonic tokens (3 million self-staked and 30.2 million third-party delegated), while the second holds 135.6 million Sonic tokens (126.6 million self-staked and 9 million third-party delegated) [4] Yield and Revenue Generation - SonicStrategy currently earns an annual yield of 5.69%, resulting in approximately 7,379,146 Sonic tokens per year, equivalent to $627,227 USD at the current price of $0.085 USD [5] - An additional 39,203,705 Sonic tokens have been delegated by third parties, generating 334,606 Sonic tokens annually for the company, reflecting 15% of the total rewards [5] - The company expects to generate a total of 7,713,752 Sonic tokens per year, representing approximately $655,669 USD in annual staking revenue [5] Operational Efficiency - SonicStrategy operates its validator nodes directly, with Sonic Labs providing hosting and infrastructure support at no cost, resulting in no direct expenses for hardware or data center operations [6] - The company emphasizes its independence from Sonic Labs, noting that there is no binding commercial agreement between the two parties [6] Company Overview - SonicStrategy Inc. is a publicly traded digital asset infrastructure company that operates validator, staking, and decentralized finance infrastructure across the Sonic blockchain and other digital asset networks [7]