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BTCS Reports Record Revenue for the Third Quarter 2025
Globenewswire· 2025-11-14 13:30
Core Insights - BTCS Inc. reported record revenue of $4.94 million for Q3 2025, representing a 568% year-over-year increase and a 78% sequential increase [6][11] - The company achieved a net income of $65.59 million in Q3 2025, primarily driven by a significant increase in the fair value of its Ethereum holdings [6][11] - BTCS's Ethereum holdings reached 70,322 ETH, valued at $291.58 million as of September 30, 2025, marking a 380% increase from Q2 2025 [7][11] Financial Performance - Q3 2025 revenue of $4.94 million was up 568% year-over-year and 78% sequentially, with nine-month revenue reaching $9.40 million, up 437% year-over-year [6][11] - Builder+ revenue was $3.36 million in Q3 2025, a 34% increase quarter-over-quarter and a 730% increase year-over-year [6][11] - Gross margins improved to 22% in Q3 2025 from -2.9% in Q2 2025, reflecting enhanced operational efficiency [6][11] Strategic Developments - The launch of the Imperium business unit marks a significant expansion into decentralized finance (DeFi), complementing existing operations [4][8] - BTCS integrated Aave, a leading decentralized lending protocol, into its operations to enhance liquidity and revenue growth without diluting shareholder value [9][10] - The company has strengthened partnerships with key industry players to enhance its Ethereum-native capabilities [10] Capital Management - BTCS raised over $200 million and launched a share repurchase program, demonstrating a commitment to shareholder value [2][4] - The company strategically utilized both traditional and decentralized financing mechanisms to expand its Ethereum exposure, raising approximately $139 million through its ATM program [13] - Total assets increased by 632% to $298.86 million in Q3 2025, reflecting substantial ETH accumulation [7][11] Operational Insights - Builder+ accounted for approximately 68% of total quarterly revenue, with NodeOps contributing 17% and Imperium representing 15% in its first full quarter [12] - The appreciation of Ethereum contributed to significant unrealized gains, marking the strongest quarter in the company's history [11][13] - The company became the first public entity to issue a dividend and a loyalty reward in Ethereum, enhancing shareholder engagement [14][16]
X @Ethereum
Ethereum· 2025-11-13 20:32
Overview - The report focuses on mapping the Ethereum privacy ecosystem, specifically apps, tools, and projects related to Ethereum and privacy [1] - The map is designed with end-users in mind [1] Technology & Ecosystem - The report highlights the Web3Privacy project's effort to map the Ethereum privacy ecosystem [1] - A high-resolution version of the map is available online [1]
Bitcoin on Starknet? Why investors poured $276m into the layer 2 blockchain
Yahoo Finance· 2025-11-13 17:01
As investors pour hundreds of millions into Starknet, only one question remains: How long will it last? Starknet is humming once again after months of middling traction during which Ethereum layer 2 rivals, including Arbitrum and Base, pulled farther ahead. Data from DefiLlama shows that investor funds sloshing within Starknet have reached $276 million, more than double the amount in July but still shy of the $428 million peak achieved in May 2024. This bump is in lockstep with a massive reward programm ...
X @Polygon
Polygon· 2025-11-13 16:46
If you're looking for the future of money, follow the stablecoins.They’re flowing through Polygon.Transak (@Transak):Stablecoins are the heartbeat of @0xPolygon.In Q3 2025, USDT and USDC made up over 90% of purchases on the network via Transak, showing how users are turning to Polygon for stable, low-cost onchain payments. https://t.co/2kZY4eMkkD ...
Elon Musk Says Delaware Is "Bleeding Companies" As Coinbase Moves To Texas - Coinbase Global (NASDAQ:COIN)
Benzinga· 2025-11-13 14:57
Group 1 - Coinbase Global Inc. announced plans to leave Delaware and reincorporate in Texas, aiming to create a more favorable business environment for customers, employees, and shareholders [1][2] - The Chief Legal Officer emphasized that the decision was made to seek a fairer and more predictable legal framework, with Texas being recognized for its "builder-friendly" policies [2] - CEO Brian Armstrong highlighted Texas as a natural fit for Coinbase's mission to enhance financial freedom [2] Group 2 - Elon Musk expressed support for Coinbase's move, indicating that Delaware risks losing its status as a preferred incorporation hub without reforms [4] - Musk previously relocated Tesla and SpaceX from Delaware to Texas, influencing other companies like Dropbox and Roblox to consider similar transitions [5] - Texas has emerged as a leading hub for blockchain companies due to low energy costs and supportive regulations [6] Group 3 - Texas's 2021 law permitting banks to provide cryptocurrency custody has further enhanced its attractiveness for crypto businesses [7] - Other states like Wyoming and Florida also offer favorable conditions for cryptocurrency, including special-purpose banks and no state income tax on capital gains from digital assets [8] Group 4 - Coinbase's stock price is currently stabilizing around $300, with critical support levels identified between $295 and $300 [11] - A break below $295 could lead to further declines towards $280, while a close above $330 would indicate a bullish reversal, targeting $350–$360 [12][13]
Intchains Group Limited To Acquire a Proof-of-Stake Technology Platform, and Expand Blockchain Infrastructure Capabilities
Globenewswire· 2025-11-13 12:00
Core Viewpoint - Intchains Group Limited has signed a definitive agreement to acquire a Proof-of-Stake technology platform for $1.3 million, enhancing its capabilities in the blockchain space and positioning the company for growth in decentralized finance [1][2]. Group 1: Acquisition Details - The acquisition involves a PoS technology platform currently operated by DxPool, which will be rebranded under Intchains after the acquisition [1]. - The acquisition is expected to close in approximately 30 business days, contingent on meeting relevant closing conditions, and will not include any of the seller's debts or liabilities [1]. - The target consists primarily of intangible assets, including systems, technological infrastructure, and existing customer relationships necessary for staking operations [3]. Group 2: Strategic Importance - This acquisition represents a strategic step for Intchains to build long-term shareholder value by expanding into high-margin, technology-driven services to meet the growing demand for cryptocurrency staking [2]. - The addition of the PoS platform will diversify Intchains' technology offerings and contribute to its business ecosystem, which includes altcoin mining and Web3 application development [4]. Group 3: Future Plans - Upon completion of the acquisition, Intchains plans to leverage the new PoS platform alongside its existing FalconX platform to stake a significant portion of its ETH holdings, which currently includes 1,000 ETH, representing approximately 11.3% of its total ETH treasury [5]. - The company aims to maximize staking returns and diversify its ETH holdings as part of its treasury yield-generating strategy [5]. Group 4: Leadership Perspective - The Chairman and CEO of Intchains emphasized that the acquisition aligns with the company's strategy to expand its presence in next-generation blockchain infrastructure and enhances its technological capabilities [6].
X @Wu Blockchain
Wu Blockchain· 2025-11-13 02:05
Solana's active addresses have fallen to about 3.3 million, a 12-month low and a sharp pullback from the January peak above 9 million. Despite the decline, the ecosystem continues to expand with new DEXs, prediction markets, and real-world asset protocols. DeFi TVL stands around $10 billion, led by Jupiter, Kamino, and Jito. (The Block) https://t.co/7yI3agYif2 ...
‘Use Peacetime Wisely’ – IPO Prep and Public Company Life, 5th Palm Beach CorpGov Forum
Yahoo Finance· 2025-11-12 20:03
Core Insights - The fifth annual Palm Beach CorpGov Forum took place on November 5-6, featuring discussions on corporate governance, activism, IPOs, private equity, and venture capital [1][2]. Event Overview - The event included panels, fireside chats, and networking receptions, attracting over 300 attendees such as institutional investors, board directors, family offices, attorneys, investment bankers, and key advisors [3]. Speaker Highlights - Notable speakers included Josh Frank from Trian Fund Management, Andrew Keys from The Ether Machine, and Ken Traub from Comtech Telecommunications Corp, among others [4][5][6].
BNB Chain News: Sector +3.9% on Large-Cap Moves, Key Devs Ship on Testnet
Yahoo Finance· 2025-11-12 17:09
Core Insights - The crypto market is experiencing a precarious balance, with macroeconomic indicators suggesting an impending increase in liquidity, while trader sentiment remains low, nearing yearly lows [1] - Despite the overall bearish market sentiment, the BNB Chain sector has shown resilience and performed relatively well [2] BNB Chain Market Overview - The BNB Chain sector's market capitalization increased by approximately $9 billion (3.9%) since the last update, primarily driven by the performance of large-cap BEP-20 tokens, with nine of the top ten tokens showing positive growth [3] - The sector's growth was led by large caps, and PancakeSwap contributed to an increase in total value locked (TVL) [4] Performance Metrics - BNB (BNB) is approaching the $1,000 mark, gaining 1.9% week-on-week, while World Liberty Financial (WLFI) surged by 30.3% week-on-week, recovering from a month of decline [5] - Notable performers included Allora (ALLO), which fell by 69.5% after a disappointing mainnet launch, and Audiera (BEAT), which rose by 77.5% following a Binance futures listing [5] On-Chain Metrics - Most Layer 1 (L1) blockchains, including BNB Chain, experienced declines in major on-chain metrics such as DEX volumes and transaction counts, although BNB Chain saw a slight improvement in TVL due to PancakeSwap liquidity deposits [6] - Overall, BNB Chain and its ecosystem are maintaining stability in a challenging trading environment characterized by fear [6] Recent Developments - Significant updates in the BNB Chain ecosystem include a collaboration with ZachXBT to enhance security measures, focusing on incident response, scam tracing, and transparency [7]
The Protocol: Sweeping Uniswap Proposal ‘UNIfication’
Yahoo Finance· 2025-11-12 16:39
Group 1: Uniswap Governance Proposal - Uniswap Labs and Uniswap Foundation propose a governance overhaul called "UNIfication" to align incentives and position Uniswap as the default exchange for tokenized assets [1] - The proposal includes activating protocol fees, burning millions of UNI tokens, and consolidating key teams under a single growth strategy [1] - A portion of trading fees will be redirected to a UNI burn mechanism, with a retroactive burn of 100 million UNI from the treasury proposed [1] Group 2: Monad Tokenomics - Monad blockchain details the initial distribution of its native token, MON, ahead of the mainnet launch on Nov. 24 [2] - A public sale of 7.5% of the initial supply will start on Nov. 17 at a price of $0.025 per token, followed by a 3.3% airdrop [2] - The tokenomics structure allocates 38.5% for ecosystem development, 27% for the Monad team, and 19.7% for investors, with a focus on long-term participation [2]