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MYX Finance Denies Fraud and Manipulation Charges Over MYX Token Airdrop
Yahoo Finance· 2025-09-10 13:09
MYX Finance, the decentralized derivatives platform, has denied recent allegations of fraud and manipulation with the MYX token airdrop. The exchange has been in the spotlight after its native cryptocurrency MYX gained 1200% in the last two days. Some analysts have warned of a possible rug pull, citing several red flags in the project. MYX Finance Faces Airdrop Fraud Allegations The surge in the popularity of MYX Finance over the past week comes with its own share of criticism. Blockchain analytics pl ...
MYX rallies 200%, wipes $48.7M from shorts liquidating more than BTC & ETH as volumes surpass XRP
Yahoo Finance· 2025-09-09 13:44
A glowing MYX coin rockets upward as a turquoise liquidation wave shatters red short-position towers across a futuristic DEX cityscape. MYX, the native token of MYX Finance, has rallied more than 200% in the past 24 hours, making it the biggest gainer on Sept. 9, according to CryptoSlate data. The token, which powers a BNB Chain-based decentralized exchange specializing in perpetual derivatives, jumped from around $6.28 to $17.75 at press time. That surge pushed MYX’s market capitalization above $2.1 bil ...
Bitget Wallet & Aave Launch Stablecoin Earn Plus With 10% APY
Yahoo Finance· 2025-09-09 11:31
Bitget Wallet, a leading non-custodial crypto wallet, has partnered with Aave, one of the largest decentralized lending protocols, to launch Stablecoin Earn Plus, a yield product offering a base return of 10% APY. The initiative combines Aave’s on-chain lending infrastructure with Bitget Wallet’s proprietary yield subsidies, giving users access to stable, dollar-denominated income while maintaining liquidity. The product channels USDC deposits into Aave’s overcollateralized lending pools on the Base netw ...
DeFi Development Corp. Acquires 196,141 SOL, Surpasses 2 Million in Total SOL Treasury Holdings
Globenewswire· 2025-09-04 15:00
BOCA RATON, FL, Sept. 04, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the acquisition of 196,141 SOL at an average price of $202.76 per token. This purchase brings the Company’s total holdings to 2,027,817 SOL. Below is a summary of DeFi Dev Corp.’s current SOL position and key per-share metrics as of September 4, 2025: Total SOL & SOL Equivalents Held: 2,027, ...
DeFi Development Corp. Announces Launch of DFDV UK, First Solana Treasury Vehicle in the United Kingdom
Globenewswire· 2025-08-29 12:00
Group 1 - The core announcement is the launch of DFDV UK, the first Solana-focused public treasury vehicle in the UK, formed through the acquisition of Cykel AI, with DeFi Development Corp. holding approximately 45% equity [1][2][3] - This launch is part of the Treasury Accelerator strategy aimed at expanding Solana-focused treasury vehicles globally, with five additional vehicles in development [2][3] - The CEO of DeFi Development Corp. emphasized that DFDV UK is a milestone for the company's global expansion strategy and aims to grow Solana per share (SPS) while supporting the Solana ecosystem [3] Group 2 - DeFi Development Corp. has a treasury policy that allocates its principal holding to SOL, providing investors with direct economic exposure to SOL and participating in the growth of the Solana ecosystem [4] - The company operates its own validator infrastructure to generate staking rewards and fees, while also exploring decentralized finance (DeFi) opportunities [4] - The company serves over one million web users annually, including various stakeholders in the commercial real estate industry, and offers data and software subscriptions on a SaaS basis [5][6]
DeFi Dev Corp. Purchases $77M SOL Following Recent Equity Raise
Globenewswire· 2025-08-28 14:35
Core Viewpoint - DeFi Development Corp. has successfully acquired 407,247 Solana (SOL) tokens, increasing its total holdings to 1,831,011 SOL, and has over $40 million in net proceeds available for future acquisitions [1][8]. Group 1: Acquisition Details - The acquisition of SOL was made at an average price of $188.98 per token, funded by the company's recent equity raise [1]. - The newly acquired SOL will be held long-term and staked to various validators, including the company's own Solana validators, to generate native yield [2]. Group 2: Financial Metrics - Total SOL and equivalents held by the company is 1,831,011, representing a 29% increase from the previous balance of 1,420,173 [8]. - The total value of SOL and equivalents held is approximately $371 million [8]. - The total shares outstanding as of August 28, 2025, is approximately 21 million, with a SOL per share (SPS) of 0.0864, equating to $17.52 [8]. Group 3: Treasury Strategy - DeFi Development Corp. has adopted a treasury policy that allocates its principal holding to SOL, providing investors with direct economic exposure to the asset while participating in the growth of the Solana ecosystem [4]. - The company operates its own validator infrastructure, generating staking rewards and fees from delegated stakes, and is engaged in decentralized finance (DeFi) opportunities [4].
DeFi Development Corp. to Ring the Nasdaq Closing Bell This Friday, Celebrating Milestones and the Solana Community
Globenewswire· 2025-08-27 13:00
Company Overview - DeFi Development Corp. (Nasdaq: DFDV) is the first U.S. public company focused on accumulating Solana's native token, SOL [1][3] - The company has adopted a treasury policy that allocates its principal holding to Solana (SOL), providing investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem [3] Recent Developments - DFDV will ring the Nasdaq Closing Bell on August 29, 2025, at 4:00 p.m. Eastern Time, marking a significant milestone in its journey and highlighting the rapid growth of the Solana community [2] - The event symbolizes a celebration of DFDV's progress and aims to raise awareness of Solana's innovations on a major financial stage [2] Business Operations - The company holds and stakes SOL, operates its own validator infrastructure, and generates staking rewards and fees from delegated stake [3] - DFDV is engaged in decentralized finance (DeFi) opportunities and is exploring innovative ways to support and benefit from Solana's expanding application layer [3]
DeFi Development Corp. to Host X Spaces to Discuss Latest $125 Million Equity Raise
Globenewswire· 2025-08-26 20:01
Company Overview - DeFi Development Corp. (Nasdaq: DFDV) has a treasury policy that allocates its principal holding to Solana (SOL), providing investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem [3] - The company operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is engaged in decentralized finance (DeFi) opportunities [3] - DeFi Development Corp. serves over one million web users annually, including property owners, developers, and various lenders, applying for billions of dollars in debt financing each year [5] Recent Developments - The company announced a live X Spaces event scheduled for August 27, 2025, at 4:30 PM ET, featuring insights into a recently announced $125 million equity raise [1][7] - The event will cover the structure of the equity raise, the rationale behind it, intended use of proceeds, and the company's role in expanding Solana adoption [7] Business Model - The company's data and software offerings are primarily provided on a subscription basis as software as a service (SaaS), catering to the commercial real estate industry [4][5] - DeFi Development Corp. connects stakeholders in the commercial real estate ecosystem, providing data and software subscriptions along with value-added services [4]
DeFi Development Corp. Joins Global Dollar Network, Expanding Access to USDG Stablecoin
Globenewswire· 2025-08-26 12:30
Company Overview - DeFi Development Corp. (Nasdaq: DFDV) is the first US public company with a treasury strategy focused on accumulating and compounding Solana (SOL) [1] - The company has adopted a treasury policy where the principal holding in its treasury reserve is allocated to SOL, providing investors with direct economic exposure to SOL [4] Partnership and Integration - DeFi Development Corp. has joined the Global Dollar Network (GDN), which is recognized as the world's fastest-growing stablecoin network [1][7] - The partnership allows DFDV to expand the availability and utility of USDG, a US dollar-backed stablecoin, across the Solana ecosystem [3][4] - DFDV will participate in governance through the GDN Network Advisory Committee, influencing USDG adoption and strategy [8] Economic Model and Benefits - GDN's unique economic framework distributes network revenue to partners based on their contributions, promoting collaboration and adoption [2][7] - USDG is managed by Paxos Digital Singapore, ensuring it maintains a 1:1 parity with the US dollar, allowing consumers to redeem tokens for fiat at all times [2] Market Position and Strategy - The company operates its own validator infrastructure, generating staking rewards and fees from delegated stake, while also exploring decentralized finance (DeFi) opportunities [4] - DFDV aims to lead USDG adoption on Solana, integrating compliant, institutional-grade stable value into the ecosystem [4]
Dynamix Announces New Ticker Symbol “ETHM” to Reflect Planned Business Combination with The Ether Machine
Globenewswire· 2025-08-26 11:30
Company Overview - Dynamix Corporation is a publicly-traded special purpose acquisition company (SPAC) incorporated in the Cayman Islands, focused on mergers and business combinations [6] - The company is led by experienced executives including CEO Andrejka Bernatova and CFO Nader Daylami [6] Business Combination - Dynamix Corporation announced a business combination with The Ether Reserve, LLC to form The Ether Machine, a strategic ether generation company [2][4] - The Ether Machine aims to deliver long-term, risk-adjusted yield through staking, restaking, and decentralized finance, with a focus on growing ether concentration per share [2][5] Ticker Symbol Change - The ticker symbols for Dynamix's common stock, units, and warrants will change from "DYNX," "DYNXU," and "DYNXW" to "ETHM," "ETHMU," and "ETHMW," respectively, effective August 27, 2025 [1][4] - This change is intended to facilitate a smooth transition for shareholders ahead of the business combination [3] Strategic Goals - The Ether Machine is expected to have one of the largest on-chain ETH positions of any public entity and will focus on generating and optimizing ETH-denominated returns [5] - The company plans to provide turnkey infrastructure solutions for enterprises and Ethereum-native builders [5] Approval and Timeline - The business combination has been unanimously approved by the boards of directors of both companies and is expected to close by the fourth quarter of 2025, pending shareholder approval [4]