Core Insights - ETHZilla Corporation reported $4.1 million in revenue for the first six weeks of operation as ETHZilla, focusing on real-world asset (RWA) tokenization initiatives [1][4] - The company aims to lead in the tokenization of high-value assets on Ethereum Layer 2 networks, enhancing liquidity and access for investors [2][6] Financial Performance - For the third quarter ended September 30, 2025, ETHZilla generated revenue of $4.1 million and a gross profit of $4.1 million [4] - The company reported a net loss from continuing operations of $208.7 million, primarily due to one-time non-cash items [6][9] - Adjusted EBITDA for the quarter was $8.5 million, indicating operational profitability despite the net loss [6][14] Business Developments - ETHZilla secured approximately $931 million in institutional capital through various financings, including a $425 million PIPE and a $156 million convertible note [6] - The company has partnered with Liquidity.io, acquiring a 15% equity stake, to facilitate the tokenization of RWAs [2][6] - A share repurchase program has been initiated, with 2,099,472 shares repurchased for $46.3 million, reflecting management's confidence in the company's value [6] Strategic Initiatives - ETHZilla is deploying 70% of its Ethereum holdings into leading restaking protocols, generating approximately 7.5% yield [5][6] - The company has streamlined its legacy portfolio by resolving litigation and divesting non-core assets, focusing on high-growth digital asset tokenization [6] - New executive appointments aim to accelerate the company's growth strategy in the decentralized finance sector [6] Market Positioning - ETHZilla positions itself as a leader in the emerging multi-trillion-dollar tokenized asset economy, leveraging its unique business model to capture ETH appreciation and sustainable cash flows [2][6] - The company anticipates launching revenue-generating RWAs on-chain in the near term, with positive adjusted EBITDA expected in the fourth quarter [6]

Accessibility StatementSkip Navigation PALM BEACH, Fla., Nov. 14, 2025 /PRNewswire/ --Â ETHZilla Corporation (Nasdaq: ETHZ), a leading technology company connecting traditional finance with decentralized finance (DeFi), today announced the promotion of John T. Saunders to senior vice president, chief financial officer (CFO). Saunders will continue to report to McAndrew Rudisill, chairman and CEO, and to the audit committee. In his expanded role, Saunders will oversee financial strategy, reporting and analys ...

Core Insights - Hyperion DeFi, Inc. has reported significant growth in its financial performance, transitioning from a focus on ophthalmic technology to becoming a key player in decentralized finance (DeFi) innovation [3][8] - The company achieved record net income and established multiple business lines on the Hyperliquid blockchain, with expectations for continued scaling into 2026 and beyond [3][4] Financial Performance - Q3 2025 revenue increased dramatically to $302,506 from $1,625 in Q3 2024, marking a substantial year-over-year growth [4] - Adjusted revenue for Q3 2025 was reported at $361,277 [4] - Net income rose to $6,625,582 in Q3 2025, compared to a net loss of $(7,887,853) in Q3 2024 [4][25] - Income from operations improved significantly from a loss of $(7.3 million) in Q3 2024 to a profit of $4.4 million in Q3 2025 [4][25] - Adjusted EBITDA for Q3 2025 was $7,951,003 [5] Token and Staking Activity - As of October 31, 2025, over 13 million HYPE tokens were staked at Hyperion's validator, reflecting a 60% increase from September 30, 2025 [9] - The company anticipates Q4 2025 adjusted revenues between $475,000 and $515,000, indicating a quarter-on-quarter growth of 31% to 43% [9] Business Strategy and Developments - Hyperion DeFi is focused on building a long-term strategic treasury of HYPE, providing shareholders with access to the rapidly growing Hyperliquid ecosystem [8][15] - The company launched a co-brand validator, "Kinetiq x Hyperion," and executed a Joint Validator Agreement in October 2025 [9] - The introduction of the "HAUS" platform allows clients to unlock unique utility on Hyperliquid while generating fee income for Hyperion DeFi [16] Balance Sheet and Liquidity - As of September 30, 2025, cash and cash equivalents totaled $8.2 million, with total assets amounting to $82.8 million [22][23] - Total liabilities were reported at $12.0 million, with stockholders' equity reaching $70.8 million [22][23]

Core Insights - Centrifuge has launched a tokenization platform called Centrifuge Whitelabel, aimed at enabling institutions, fintech startups, and DeFi applications to create tokenized financial products more efficiently and securely [1][5] - The platform offers modular infrastructure for tokenizing various asset types, including private credit, insurance, energy infrastructure, and equity [1] - Daylight, a decentralized energy infrastructure startup, is the first to utilize this platform, raising $75 million to create tokenized vaults for energy assets, thereby simplifying backend development processes [2][3] Industry Trends - The tokenization sector is experiencing significant growth, with projections indicating it could expand from $35 billion currently to nearly $19 trillion by 2033 [3] - Major asset managers and banks are exploring tokenization to enhance liquidity and access to traditional financial instruments [3] Company Background - Centrifuge, founded in 2017, has established itself as a pioneer in bringing real-world assets on-chain, having distributed over $1.3 billion in tokenized assets [4] - The company aims to make tokenization a public utility, providing infrastructure that meets the standards of large asset managers while being accessible to the broader market [5]

Core Insights - Uniswap is recognized as a pioneer in the DeFi space, credited with the AMM innovation that significantly advanced decentralized token swapping [1] - As of November 12, Uniswap is the leading decentralized exchange (DEX) with a total value locked (TVL) of $4.9 billion, primarily in Ethereum and its layer-2 solutions [1][2] Fee Distribution Proposal - A proposal has been made to change the distribution of trading fees, allocating a portion to UNI token buybacks and burning, which would benefit UNI token holders [2][3] - If approved, the fee allocation would be 0.25% to liquidity providers and 0.05% to the protocol for Uniswap v2 pools, while v3 pools would have protocol fees set at a quarter or a sixth of the liquidity provider fee [4] Impact on UNI Token - The proposal aims to eliminate front-end fees from Uniswap Labs and burn approximately 100 million UNI from the treasury, enhancing value for UNI holders through buybacks and token burning [5] - Following the announcement of the fee switch proposal, the price of UNI surged by 65% in the past week, with potential for further increases if buying momentum continues [6] Market Reactions - Analysts suggest that redirecting a portion of fees to UNI token burning could eliminate wash trading practices on Uniswap, which often thrive on zero protocol fees [7]

Core Insights - Elixir has decided to wind down its deUSD synthetic dollar stablecoin following a significant loss disclosed by Stream Finance, which has caused ripple effects across the DeFi ecosystem [1][7]. Incident Overview - Stream Finance reported a loss of approximately $93 million in assets managed by an external fund manager, leading to the suspension of all withdrawals and deposits [2][3]. - Elixir had parked 65% of deUSD's collateral with Stream, which lost $93 million using its own stablecoin (xUSD) as collateral, resulting in a 77% drop in xUSD and effectively nullifying deUSD's backing [3][6]. Market Impact - The value of deUSD collapsed by over 97% within 24 hours, trading around $0.025 [5]. - Panic selling ensued, with over $30 million dumped on-chain as holders rushed to exit [3]. Redemption Process - Elixir announced that all remaining holders of deUSD and sdeUSD would be able to redeem their assets for a dollar, and a claim page was launched for users to redeem their assets in USDC [4][6]. - The protocol has taken a snapshot of all remaining holder balances and expects all claims to be honored on a 1:1 basis [6]. Broader Implications - The incident underscores the interconnectedness of DeFi systems, highlighting how losses in one protocol can significantly impact others, and raises ongoing discussions about collateral design, transparency, and risk management in decentralized finance [7].

Core Insights - Elixir has suspended support for its synthetic stablecoin deUSD due to the fallout from Stream Finance's $93 million loss, leading to a significant depeg of deUSD to approximately $0.015 [1][3][9] Group 1: Elixir and deUSD - Elixir has processed redemptions for 80% of all deUSD holders, resulting in a depeg of the token [3] - The market cap of deUSD was around $150 million before the crash, and Stream Finance holds about 90% of the remaining supply, valued at roughly $75 million [4] - Elixir is coordinating with other DeFi protocols to compensate affected holders and has disabled withdrawals to prevent liquidation of deUSD [5] Group 2: Stream Finance - Stream Finance revealed a major hit to its balance sheet with $285 million in debt, including $68 million owed to Elixir [3][9] - The XUSD stablecoin, backed by deUSD, crashed 90% to $0.10 following the disclosure of Stream's financial issues [4] - Stream's rapid growth was based on capital-efficient DeFi strategies, but its reliance on external fund managers has raised concerns about transparency and counterparty risk [7] Group 3: Market Reactions - Analysts described the drop in XUSD as a crisis of confidence rather than a technical failure, with no smart contract exploit identified [6] - Social media discussions have intensified concerns regarding Stream's reserves, suggesting a heavily leveraged position with $170 million in assets against $530 million in loans [6] - Balancer also faced a significant exploit, losing over $128 million but managing to recover $19 million [8][9]

Core Insights - Aave's Horizon market is enhancing its platform for real-world assets (RWAs) through the integration of Securitize and VanEck's tokenized treasury fund, VBILL, which signifies a significant step in merging traditional finance with decentralized finance (DeFi) [1][4] Group 1: Market Growth and Size - Since its launch in August, Aave's Horizon has rapidly become the fastest-growing venue for RWAs in DeFi, achieving a total market size exceeding $460 million [2] - The platform aims to comply with institutional standards while ensuring the transparency and liquidity characteristic of on-chain finance [2] Group 2: Integration and Technology - With the addition of VBILL as eligible collateral, institutions can now borrow stablecoins against their VBILL holdings, enhancing liquidity options [3] - The integration utilizes Chainlink's NAVLink and LlamaGuard NAV oracles to provide verified, risk-adjusted net asset value (NAV) data, ensuring secure pricing [3] - Securitize plans to implement its Trusted Single Source Oracle (TSSO) system in the future, which will further enhance the verification process for on-chain fund valuations [3] Group 3: Industry Impact - The integration of VanEck's VBILL with Aave and Chainlink is expected to broaden access to trusted forms of on-chain collateral, illustrating the fluid movement of regulated assets within the DeFi space [4]

Core Insights - Stream Finance is facing a crisis after an external fund manager lost approximately $93 million of the platform's assets, leading to a significant sell-off and a nearly 77% drop in its stablecoin, XUSD [1][3] - The incident has raised concerns about the vulnerability of decentralized finance (DeFi) protocols that rely on third-party fund managers and aggressive investment strategies [5] Group 1: Financial Impact - The loss resulted in XUSD, which was intended to maintain a $1 peg, plummeting to around $0.30 [3] - The total value locked in the platform decreased from about $204 million at the end of October to just $98 million [3] Group 2: Operational Response - In response to the crisis, Stream Finance froze all deposits and withdrawals to mitigate further losses [2] - The platform has engaged law firm Perkins Coie LLP to conduct an independent investigation into the loss and has committed to recovering as many assets as possible [7][8] Group 3: Industry Implications - The crisis has highlighted the fragility of DeFi systems, particularly when transparency is lacking and reliance on external managers is high [4][5] - Other DeFi projects are expected to face increased scrutiny regarding their risk management practices and reserve transparency in the aftermath of this incident [6]

Staked Stream USD (XUSD) dropped sharply after the stablecoin's issuer, Stream Finance, announced a multi-million dollar loss. Steam Finance is a decentralized finance (DeFi) platform focused on simplifying yield generation through automated strategies. It allows users to stake or deposit cryptocurrencies into smart contracts that optimize returns across multiple DeFi protocols. Steam Finance aims to make passive income opportunities in Web3 available to both novice and experienced investors. Its native ...