Latest news with #BitGo
Yahoo
a day ago
- Business
- Yahoo
FTX Repayments May Have Positive Market Impact: Coinbase
The FTX Recovery Trust will begin distributing over $5 billion in cash and stablecoins to creditors starting on Friday, with funds expected to land in accounts within the next three business days via BitGo and Kraken. And there's a chance this wave of repayments will help lift the crypto market, analysts at Coinbase wrote in a report on Friday. It's the second major round of repayments following the exchange's collapse. The first, which began on Feb. 18, returned roughly $7 billion to creditors with claims under $50,000. That did little to lift broader crypto markets at the time, which remained under pressure from macro headwinds. This latest wave of distributions comes as investor sentiment has shifted, the analysts said. Payments will arrive in stablecoins, offering recipients immediate on-chain liquidity, instead of cash and crypto. That could influence whether the funds are reinvested. There's also a broader sense of optimism in crypto markets, thanks in part to a rally in major assets and increased political clarity around regulation. Institutional players, in particular, may feel more comfortable acting on incoming funds, especially as Congress moves closer to passing legislation that would define the roles of U.S. regulators overseeing digital assets. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Herald Sun
2 days ago
- Business
- Herald Sun
DCC acquires 42,000 Solana tokens at 15pc discount
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. DigitalX buys $11.6 million of Solana (SOL) at 15 per cent discount to market Staking via BitGo validator network to deliver 7 to 9 per cent yield Company's digital asset treasury tops $78 million Special Report: DigitalX has added more fuel to its blockchain engine, announcing the acquisition of 42,000 Solana tokens (SOL) in a deal worth $11.6 million executed at a 15 per cent discount to market rates. This latest move expands the company's digital asset treasury to $78 million, and forms part of its strategic shift to generate stable, recurring revenue from staking, turning digital assets into a growth engine and not just a store of value. 'This transaction continues our strategic shift towards building a more growth-oriented and yield-generating digital asset treasury,' said Demetrios Christou, Interim CEO of DigitalX (ASX:DCC). 'By acquiring Solana at a meaningful discount while also generating staking rewards, we're positioning the company to benefit from Solana's growing role in the blockchain ecosystem.' Staking the future All 42,000 SOL are staked via BitGo's validator network, delivering a projected 7 to 9 per cent annual yield expected to generate an additional $800,000 per year in revenue for the company. The tokens will vest monthly over a 32-month period, with the full allocation unlocked by January 2028 supporting a long-term strategic position in high-performance blockchain infrastructure. The entire 42,000 SOL will be accruing rewards from June 2025. Building a high-yield, blockchain native treasury DigitalX is the only ASX-listed crypto fund manager and has consistently differentiated itself through its innovative treasury model. The company manages Australia's first spot Bitcoin ETF (ASX: BTXX) and recently expanded staking partnerships with SOL Strategies. With Solana now making up a growing portion of its holdings, DigitalX is reweighting toward blockchains offering stronger revenue generating potential. According to the company, Solana staking rewards are 3x greater than Ethereum's, while Solana's overall network metrics continue to strengthen, including five straight quarters of app revenue growth and seven consecutive quarters of increased transaction activity. 'DigitalX is architecting a treasury model that harnesses Solana's revenue generating potential and anchoring itself with the foundation of Bitcoin's security and resilience,' said Chairman Leigh Travers. 'This strategy is not just about growth. It's a commitment to driving long term value for our shareholders in the digital economy.' Leaner, smarter, yield focused The move follows a string of positive updates from DigitalX in 2025 including: $318,000 in staking revenue in the March quarter A 23 percent reduction in operating costs Strategic partnerships to scale Solana infrastructure With institutional grade custody, a growing treasury, and a differentiated focus on yield bearing digital assets, DigitalX continues to lead Australia's public market exposure to the evolving crypto economy not through hype, but through strategic execution. This article was developed in collaboration with DigitalX, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as DigitalX locks in $11.6m Solana deal to boost staking revenues and long-term yield
Crypto Insight
4 days ago
- Business
- Crypto Insight
Nasdaq files for 21Shares Sui ETF, kicking off SEC review
Nasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission's review process. The stock market's May 23 19b-4 filing, which asks the SEC to list the 21Shares SUI ETF, follows 21Shares' April 30 submission of its S-1 registration statement to the SEC, which asked the regulator to approve trading of the proposed fund. Both regulatory filings are needed for the Sui tracking fund to go live, with the 19b-4 filing kicking off the SEC's review process. The agency must decide whether to accept, reject or delay the application within 45 days and it can delay its decision multiple times, for a maximum review period of 240 days. The SEC must decide on 21Shares' application by Jan. 18, 2026, at the latest. 21Shares proposed BitGo and Coinbase Custody as the custodians to hold SUI on behalf of the trust; however, the filing did not include details on a management fee or ticker. Canary Capital is the only other asset manager that has submitted 19b-4 and S-1 filings to list a spot Sui ETF, filing the forms on April 8. 21Shares said in its 19b-4 filing that the SUI token powers the Sui network and serves four main purposes: it can be staked to earn rewards, used to pay gas fees, function as a liquid asset for Sui applications and serve as a governance token. The Sui ecosystem is largely focused on decentralized applications and has been dubbed a potential Solana killer. SUI is the 13th-largest cryptocurrency, but its $12.3 billion market cap remains a fraction of Solana's $92 billion market cap, according to CoinGecko. 21Shares aims to add to SUI offerings 21Shares already lists a Sui exchange-traded product in Europe, on the Euronext Paris and Euronext Amsterdam stock exchanges. Those listings have contributed to SUI-based exchange-traded products having $317.2 million in assets under management (AUM), according to a May 26 report from CoinShares. Flows into SUI ETPs increased by $2.9 million between May 16 and May 24, and only trails Bitcoin, Ether, Solana and XRP in terms of net assets. Source:
Globe and Mail
4 days ago
- Business
- Globe and Mail
AgriFORCE Growing Systems Ltd. to Participate in Exclusive BitGo-Hosted Events at Bitcoin 2025; CEO Jolie Kahn Recognized as One of the Only Female Public Company Leaders in Bitcoin Mining
Vancouver, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. ('AgriFORCE' or the 'Company') (NASDAQ: AGRI), a diversified technology and infrastructure company, today announced its participation in a curated series of private events hosted by BitGo during Bitcoin 2025, the world's largest Bitcoin conference, taking place May 27–29 at The Venetian Resort in Las Vegas, Nevada. AgriFORCE CEO Jolie Kahn will attend four exclusive BitGo-hosted gatherings over the course of the week, including: BitGo High Roller Summit (May 27–29): An invite-only, three-day experience for top-tier institutions, builders, and visionaries in the Bitcoin space, featuring high-level networking, strategic dialogues, and exclusive access to VIP forums. BitGo x A&T Capital After Dark Party (May 28): An evening celebration blending deal-making and community engagement with entertainment and cultural activations tailored for global crypto leaders. Event link BitGo Institutional Sunset Soirée (May 29): A sunset rooftop gathering that brings together the most influential players in digital asset custody, capital allocation, and infrastructure strategy. Event link 2025 Women of Bitcoin Brunch (May 27): Hosted by Bitcoin Magazine and BitGo, this premier networking brunch celebrates the leadership and contributions of women in the Bitcoin industry. Event link As a guest of BitGo, Ms. Kahn's participation underscores her growing influence in the energy-powered digital infrastructure sector. Importantly, Jolie Kahn is among a very limited number—if not the only — female CEOs leading a publicly traded company actively engaged in Bitcoin mining. Her presence at Bitcoin 2025 signals AgriFORCE's commitment not only to innovation and sustainability but also to advancing diversity and inclusion at the highest levels of industry leadership. 'It's an honor to represent AgriFORCE and our TerraHash Digital™ platform at Bitcoin 2025 alongside some of the most respected minds in Bitcoin and digital infrastructure,' said Jolie Kahn, CEO of AgriFORCE. 'As a female CEO in the Bitcoin mining space—a rare position—I'm proud to contribute a unique perspective to a field that's still in the early stages of building true inclusivity. We're here to do big things: responsibly, profitably, and with purpose.' Strategic Presence at Bitcoin 2025 AgriFORCE's attendance at these events complements its recent launch of TerraHash Digital ™, a wholly owned division focused on vertically integrated, energy-efficient Bitcoin mining campuses. The Company's participation reflects its goal of leading from the front—building next-generation infrastructure that is both sustainable and inclusive. About AgriFORCE Growing Systems Ltd. AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a mission-driven technology company pioneering innovation at the intersection of agriculture, clean energy, and digital infrastructure. Through its TerraHash Digital ™ division, the Company is building high-performance Bitcoin mining campuses with dual-purpose utility—supporting decentralized compute networks while enabling clean energy reuse and sustainable food production. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit IG (Instagram): @agriforcegs X (Twitter): @agriforcegs FB (Facebook): @agriforcegs LinkedIn: @agriforcegs TruthSocial: @agriforcegs Follow TerraHash Digital ™ on Social Media: IG (Instagram): @Terrahashdigital X (Twitter): @THashDGTL FB (Facebook): TerraHash Digital™ LinkedIn: @TerraHash-Digital TruthSocial: @THashDGTL Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These include, but are not limited to, statements regarding expected operational capabilities, project development, and financial or environmental impacts. Such forward-looking statements involve risks and uncertainties, including those beyond the Company's control, and may cause actual results to differ materially. Readers are advised to review the Company's filings with the SEC under the heading 'Risk Factors' in Forms 10-K, 10-Q, and 8-K. AgriFORCE undertakes no obligation to update forward-looking statements due to new information or future developments.
Business Upturn
4 days ago
- Business
- Business Upturn
AgriFORCE Growing Systems Ltd. to Participate in Exclusive BitGo-Hosted Events at Bitcoin 2025; CEO Jolie Kahn Recognized as One of the Only Female Public Company Leaders in Bitcoin Mining
Vancouver, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) — AgriFORCE Growing Systems Ltd. ('AgriFORCE' or the 'Company') (NASDAQ: AGRI), a diversified technology and infrastructure company, today announced its participation in a curated series of private events hosted by BitGo during Bitcoin 2025, the world's largest Bitcoin conference, taking place May 27–29 at The Venetian Resort in Las Vegas, Nevada. AgriFORCE CEO Jolie Kahn will attend four exclusive BitGo-hosted gatherings over the course of the week, including: BitGo High Roller Summit (May 27–29): An invite-only, three-day experience for top-tier institutions, builders, and visionaries in the Bitcoin space, featuring high-level networking, strategic dialogues, and exclusive access to VIP forums. (May 27–29): An invite-only, three-day experience for top-tier institutions, builders, and visionaries in the Bitcoin space, featuring high-level networking, strategic dialogues, and exclusive access to VIP forums. BitGo x A&T Capital After Dark Party (May 28): An evening celebration blending deal-making and community engagement with entertainment and cultural activations tailored for global crypto leaders. Event link (May 28): An evening celebration blending deal-making and community engagement with entertainment and cultural activations tailored for global crypto leaders. BitGo Institutional Sunset Soirée (May 29): A sunset rooftop gathering that brings together the most influential players in digital asset custody, capital allocation, and infrastructure strategy. Event link (May 29): A sunset rooftop gathering that brings together the most influential players in digital asset custody, capital allocation, and infrastructure strategy. 2025 Women of Bitcoin Brunch (May 27): Hosted by Bitcoin Magazine and BitGo, this premier networking brunch celebrates the leadership and contributions of women in the Bitcoin industry. Event link As a guest of BitGo, Ms. Kahn's participation underscores her growing influence in the energy-powered digital infrastructure sector. Importantly, Jolie Kahn is among a very limited number—if not the only —female CEOs leading a publicly traded company actively engaged in Bitcoin mining. Her presence at Bitcoin 2025 signals AgriFORCE's commitment not only to innovation and sustainability but also to advancing diversity and inclusion at the highest levels of industry leadership. 'It's an honor to represent AgriFORCE and our TerraHash Digital™ platform at Bitcoin 2025 alongside some of the most respected minds in Bitcoin and digital infrastructure,' said Jolie Kahn, CEO of AgriFORCE. 'As a female CEO in the Bitcoin mining space—a rare position—I'm proud to contribute a unique perspective to a field that's still in the early stages of building true inclusivity. We're here to do big things: responsibly, profitably, and with purpose.' Strategic Presence at Bitcoin 2025 AgriFORCE's attendance at these events complements its recent launch of TerraHash Digital™, a wholly owned division focused on vertically integrated, energy-efficient Bitcoin mining campuses. The Company's participation reflects its goal of leading from the front—building next-generation infrastructure that is both sustainable and inclusive. About AgriFORCE Growing Systems Ltd. AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) is a mission-driven technology company pioneering innovation at the intersection of agriculture, clean energy, and digital infrastructure. Through its TerraHash Digital™ division, the Company is building high-performance Bitcoin mining campuses with dual-purpose utility—supporting decentralized compute networks while enabling clean energy reuse and sustainable food production. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit . IG (Instagram): @agriforcegs X (Twitter): @agriforcegs FB (Facebook): @agriforcegs LinkedIn: @agriforcegs TruthSocial: @agriforcegs Follow TerraHash Digital™ on Social Media: IG (Instagram): @Terrahashdigital X (Twitter): @THashDGTL FB (Facebook): TerraHash Digital™ LinkedIn: @TerraHash-Digital TruthSocial: @THashDGTL Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These include, but are not limited to, statements regarding expected operational capabilities, project development, and financial or environmental impacts. Such forward-looking statements involve risks and uncertainties, including those beyond the Company's control, and may cause actual results to differ materially. Readers are advised to review the Company's filings with the SEC under the heading 'Risk Factors' in Forms 10-K, 10-Q, and 8-K. AgriFORCE undertakes no obligation to update forward-looking statements due to new information or future developments. For more information, visit: Investor Relations: 1-561-717-1742 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
