Core Insights - Panda DAO Limited has successfully completed a smart contract security audit conducted by the internationally recognized blockchain security firm ScaleBit, confirming that its smart contracts meet industry security standards [1][3] - The audit covered various aspects including contract architecture, code security, compliance, and best practices, ensuring a robust and reliable core technology foundation for the platform [3] - The completion of the audit enhances global user and partner trust in the platform, emphasizing the company's commitment to security governance [3] Company Overview - Panda DAO Limited is based in Hong Kong and combines Web3 technology with compliance standards to provide secure and efficient digital asset services for global users [4] - The company focuses on technology-driven and compliant operations, continuously promoting the integration and innovation of digital assets and stablecoins through platforms like Chain Language [4] - The team consists of seasoned experts from blockchain, fintech, and international compliance fields, dedicated to advancing the application of digital assets and stablecoins, optimizing cross-border transaction processes, and improving asset management efficiency [3]

Company Overview - Exodus' exchange volume since 2017 is approximately $23 billion[11] - The company's last twelve months (LTM) revenue is $127 million[11] - Exodus has $291 million in digital and liquid assets as of June 30, 2025[11] - As of June 30, 2025, Exodus has 17 million funded users[11] Financial Performance - In the first half of 2025, revenue reached $62 million, a 20% increase compared to $51 million in the first half of 2024[63] - Exchange volume in Q2 2025 was $138 billion, exceeding Q2 2024's $105 billion[97] - Partnerships contributed to 15% of the exchange volume in Q2 2025[97] - As of June 30, 2025, Exodus holds 2,058 BTC in its treasury[97] Revenue Composition - As of June 30, 2025, 87% of revenue comes from Exodus users, while 13% comes from partnerships[57] - In fiscal year 2024, 33% of revenue came from other digital assets, 31% from BTC, 23% from stablecoins, and 12% from ETH[60]

Financial Highlights - Total assets increased to $9.086 billion as of June 30, 2025, up 43% from $6.336 billion in Q1 2025 [4] - Total equity rose to $2.624 billion, a 38% increase from $1.902 billion in Q1 2025 [4] - Net income for Q2 2025 was $30.7 million, compared to a loss of $295 million in Q1 2025 [4][7] - Adjusted EBITDA for Q2 2025 was $211 million, a significant recovery from a loss of $290 million in Q1 2025 [4][7] Corporate Updates - Galaxy Digital began trading on Nasdaq under the ticker GLXY on May 16, 2025, following a successful reorganization [7] - The company reported its strongest monthly financial performance in July 2025 for its Digital Assets operating business, with record results in Global Markets [7] - Galaxy completed the sale of over 80,000 bitcoin on behalf of a client, marking one of the largest transactions in digital assets history [7] Digital Assets Performance - Global Markets adjusted gross profit increased by 28% quarter-over-quarter to $55.4 million in Q2 2025 [11] - The average loan book size rose to $1.107 billion, a 27% increase from Q1 2025 [11][16] - Digital asset trading volumes declined by 22% quarter-over-quarter, but Galaxy outperformed the broader market, which saw a 30% decline [16] Asset Management & Infrastructure Solutions - Adjusted gross profit from Asset Management & Infrastructure Solutions was $16 million in Q2 2025, down 26% from Q1 2025 due to lower industry-wide on-chain activity [12] - Assets on the platform increased by 27% quarter-over-quarter to $8.921 billion [12][17] Data Centers Expansion - CoreWeave exercised an option for an additional 133 MW of critical IT load at Galaxy's Helios data center campus, bringing total committed power to 800 MW [14][15] - Galaxy entered into an agreement to acquire 160 acres of land adjacent to the Helios campus, expanding its size to over 1,500 acres and increasing potential power capacity to 3.5 GW [15] Balance Sheet and Investment Exposure - As of June 30, 2025, the balance sheet net digital asset and investment exposure included $1.274 billion in digital assets and $718 million in venture and other investments [4][22] - The company maintained a diversified allocation across spot positions, ETFs, venture investments, and private equity holdings [22][23]

As filed with the U.S. Securities and Exchange Commission on May 5, 2023. Registration No. 333-268553 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ AMENDMENT NO.4 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ____________________ Global Mofy Metaverse Limited (Exact name of registrant as specified in its charter) ____________________ Cayman Islands 7370 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary ...