The sports industry is in a state of shock following the arrest of more than 30 people involved with the National Basketball Association (NBA). The investigation, described as “mind-boggling” by the FBI Director Kash Patel, has spanned 11 states and involves millions of dollars allegedly made through illegal betting and game rigging during the 2023–2024 season.According to the prosecutors, the scheme involved insider information and organized crime activity, damaging the reputation of the league on multiple ...

BREAKING: Stocks Open Narrowly Higher As Lennar, Disney Lag Another cryptocurrency holding company has emerged. Brera Holdings, a Nasdaq-listed sports-holding company, is transitioning to a solana-based digital asset treasury with the backing of Cathie Wood's ARK Invest. Shares rallied more than 200% on Thursday. Brera Holdings (BREA) has operated as an Ireland-based international holding company with a portfolio of men's and women's soccer clubs via a multiclub ownership strategy.… Related news Take a Tria ...

Group 1 - Brera Holdings is transitioning to a Solana-based digital asset treasury and rebranding as Solmate, leading to a significant increase in its stock price [1][3] - The company raised $300 million through a private investment in public equity round, with backing from notable investors including Ark Invest and the Solana Foundation [2] - Following the announcement, Brera's stock surged by 500% on the day, reaching close to $46 before settling around $40, with plans for dual listings on Nasdaq and the Abu Dhabi Securities Exchange [3] Group 2 - Solmate aims to differentiate itself in the digital asset treasury space by building real crypto infrastructure in the UAE, as stated by CEO Marco Santori [4] - The move positions Brera as one of the largest Solana treasuries, joining other public companies that have added significant cryptocurrency holdings to their balance sheets [5] - SOL, the native coin of the Solana blockchain, has gained popularity due to its low transaction costs and high speeds, with recent trading prices around $249 and a 39% increase over the last month [6][7]