Latest news with #DigitalAssets
Yahoo
an hour ago
- Business
- Yahoo
3iQ to Delist Fund on Nasdaq Dubai
TORONTO and DUBAI, UAE, July 21, 2025 /CNW/ -- 3iQ Corp. ("3iQ"), fund manager of The Bitcoin Fund ("the Fund") today announced it will voluntarily delist the units of the Fund from Nasdaq Dubai and from the DFSA's Official List of Securities, effective July 31, 2025. This decision has been approved by the Fund's board of directors and shareholders. Prior to the delisting, the Fund's units will be voluntarily suspended on July 24, 2025. The trades executed on this day will settle on July 28, 2025, following the standard T+2 settlement cycle. There will also be a two-day period (July 30, 2025) following the settlement date to resolve any settlement failures before the final closure of all trading activities. About 3iQ Digital Asset ManagementFounded in 2012, 3iQ is one of the world's leading alternative digital asset managers, pioneering institutional-grade investments. 3iQ launched the world's first Digital Assets Managed Account Platform (QMAP), a hedge fund investment solution, offering innovative risk-managed investment solutions to gain exposure to digital assets. 3iQ was also the first to launch a Bitcoin and Ethereum ETP listed on a major global stock exchange, integrate staking into its Ethereum and Solana ETPs boosting investor returns, and offering other regulated ETPs. In 2024, Monex Group, a leading Japanese financial group, took a majority stake in 3iQ. Since 2012, 3iQ has been at the forefront of innovation in digital asset investment management. To learn more about 3iQ, visit Media Contacts for 3iQ North AmericaRyan GrahamJConnelly+1 862-777-4274rgraham@ Julie MercuroJConnelly+1 973-349-6471jmercuro@ EuropeAngus CampbellNominis Advisoryangus@ Important information Please read the prospectus before investing. Important information about the Fund is contained in the prospectus. Copies of the prospectus may be obtained from 3iQ Corp. or at This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy securities. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States, including to US news wire services. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. Securities of the ETF have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute. SOURCE 3iQ View original content to download multimedia:
Yahoo
2 days ago
- Business
- Yahoo
'Crypto Week' Reaction: What GENIUS and CLARITY Bills Mean for the Industry
Congress's 'Crypto Week' reached a climax today as the House passed three historic bills proscribing the regulation of digital assets and the future financial economy. The GENIUS Act on stablecoins will now go to President Trump's desk. It is the first ever crypto law to pass the U.S. Congress. The CLARITY Act covering market structure now ascends to the Senate, where Tim Scott, Chairman of the Senate Banking Committee, said he wanted to finalize the law by Sept. 30. The Senate Agriculture Committee, which will also need to pass the bill, held its first hearing on the topic earlier this week. Another anti-CBDC (central bank digital currency) bill passed the House and now goes to the Senate, where its prospects are uncertain. It will be attached to the National Defense Authorization Act as part of an agreement House leadership made with the Freedom Caucus, which voted against a procedural motion earlier this week and held a redo vote open for over nine hours on Wednesday to force the a press conference right after the votes, House Financial Services Chair French Hill said, "I knew that my target was to beat FIT21 [last year's Financial Innovation and Technology for the 21st Century Act] and I made a bet with myself — and I won." The lawmakers, who included House Agriculture Chairman GT Thompson, Majority Whip Tom Emmer and Representatives Brian Steil and Dusty Johnson — all of whom sponsored one or more of the bills that passed Thursday — thanked their various partners in the Senate and House committees, noting the overwhelmingly bipartisan nature of the major bills' support. Here is how lawmakers, the crypto industry, and beyond, have been reacting to the historic news. Lawmakers: French Hill, Chair of House Financial Services Committee: [CLARITY] is 'landmark legislation that establishes clear rules of the road by creating a functional regulatory framework for digital assetsThis is the pivotal moment for American innovation and a critical step forward in protecting consumers and investors alike.' On the GENIUS Act: 'Diligent work in Congress to bring clarity to payment stablecoins has reached a historic turning point.I look forward to President Trump signing GENIUS into law in short order and working with our regulators on implementing this important bill to establish U.S. leadership in this space.' Tom Emmer, House Majority Whip, Sponsor of the Anti-CBDC Bill: 'For years, we have worked to educate our colleagues on the dangers of this insidious technology, which would undermine our values and destroy Americans' right to privacy. Now, we must codify it to ensure that the United States' digital currency policy remains in the hands of the American people.' Tim Scott, Senate Banking Committee Chair: 'For the first time in history, Congress has passed bipartisan digital assets legislation through both the Senate and the House. The GENIUS Act marks a major milestone in securing America's leadership in payments innovation while protecting consumers and strengthening our national security.' Kirsten Gillibrand, longtime Democrat sponsor of stablecoin legislation: 'House passage of the GENIUS Act is a historic milestone in our bipartisan effort to regulate stablecoins. This bill will empower American businesses and consumers and enable them to take advantage of the next iteration of financial innovation.' Companies: Dante Disparte, Circle head of policy and operations/chief strategy officer: 'The House vote… signals strong bipartisan support for responsible innovation and sends a clear message that the U.S. will lead in the regulation of dollar-backed payment stablecoins.' Nathan McCauley, CEO of Anchorage Digital: "The CLARITY Act is a meaningful step toward a more mature digital asset market structure. Knowing which assets are securities, which are commodities, and why that distinction matters is foundational for market transparency and integrating crypto into traditional finance … GENIUS will benefit every American—whether or not they hold crypto—by strengthening the reach of the U.S. dollar and enhancing our financial system." Lobbyists/activists Ji Hun Kim, CEO Crypto Council for Innovation 'The passage of the GENIUS Act is a true watershed moment for the US. It is a defining step for responsible crypto policy and a clear demonstration of Congressional leadership. This comprehensive framework gives issuers, builders, and regulators the clear rules they have been asking for. It puts innovation and consumer protection first. The passage of GENIUS marks just the beginning of a new golden age for digital assets with America at the helm.' Chuck Bell, Consumer Reports: 'Stablecoins should help consumers—not put them in harm's way. Consumers increasingly encounter stablecoins in apps, wallets, and digital platforms—and they deserve clear rules and real protections. The GENIUS Act does not provide the safeguards that consumers reasonably expect when they use products that function like digital cash.' Summer Mersinger, CEO Blockchain Association: 'For the first time, Congress has moved comprehensive legislation that provides enforceable, narrowly tailored rules for stablecoins — a foundational technology for the future of finance. This bill preserves the strength of the U.S. dollar, protects consumers, and creates the conditions for responsible innovation to flourish under American leadership.' Mark Hays, associate director for cryptocurrency and financial technology at Americans for Financial Reform: "Today's House crypto votes are an ill omen for small investors and the financial system. The die is now cast: the crypto industry's profligate political spending is very close to securing a light-touch regulatory framework for these volatile assets and predatory platforms that will mainstream crypto's endemic scandals, instability, exploitation, and illicit financial dealings right into the fabric of the financial system. The gusher of campaign cash from the crypto industry is buying rubber stamped crypto policies that boost the industry's bottom line while exposing consumers, investors, and the financial system to serious financial harm."
Bloomberg
3 days ago
- Business
- Bloomberg
Major Win for the Crypto Market
Crypto-linked stocks get a boost after Congress passes the Stablecoin Bill. Bo Hines, the President's Council of Advisers for Digital Assets Executive Director joined Bloomberg Open Interest. He says this regulatory win will pave the way for the US to become the crypto capital of the world. (Source: Bloomberg)
Business Insider
3 days ago
- Business
- Business Insider
Volcon Stock (VLCN) Skyrockets 270% on New Bitcoin Strategy
Shares of electric vehicle maker Volcon (VLCN) soared over 270% on Thursday morning. The stellar rally came after the company disclosed a strategic shift in its financial strategy, opting to make Bitcoin (BTC-USD) its primary treasury reserve asset. This move will be funded by a $500 million private placement of common stock. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. VLCN has entered into a securities purchase agreement with some institutional and qualified investors to sell 50,142,851 shares of common stock at $10 per share. The company anticipates total proceeds exceeding $500 million, after accounting for placement agent fees and other issuance costs. Empery Asset Management acted as the lead investor. Also, several crypto venture capital firms such as FalconX, Pantera, Borderless, RK Capital, and Relayer Capital participated in the private placement. The deal is expected to close around July 21, 2025, subject to customary closing conditions. Upon completion, Volcon plans to deploy at least 95% of the net proceeds to acquire Bitcoin. New Strategy Calls for New Management Alongside the private placement, VLCN has entered into a Strategic Digital Assets Services Agreement with Gemini Nustar LLC to help Volcon manage and execute its digital asset strategy efficiently. Further, Volcon has named Ryan Lane, co-founder of Empery Asset Management, as co-CEO and chairman of the board. Also, John Kim will continue in his role as co-CEO, focusing on the company's core electric off-road powersports business. This move makes Volcon a part of the growing number of companies adding digital assets to their balance sheets. It reflects their belief in Bitcoin's long-term value and its role as a financial hedge. Is Volcon a Good Stock to Buy? According to the TipRanks AI analyst, VLCN stock received a score of 47 out of 100 with a Neutral rating. Further, the AI analyst has set a price target of $7.50 on Volcon stock, which implies a downside of over 74.5%.
Malay Mail
5 days ago
- Business
- Malay Mail
SUNRATE Awarded In CNBC's World's Top Fintech Companies 2025 List
Publicly Available Data Points : In-depth research into relevant KPIs for more than 2,000 eligible companies was conducted using publicly available sources such as annual reports, company websites, and media monitoring. : In-depth research into relevant KPIs for more than 2,000 eligible companies was conducted using publicly available sources such as annual reports, company websites, and media monitoring. Open Online Application: More than 100 companies had the opportunity to be considered for the top list by submitting relevant KPIs. SINGAPORE - Media OutReach Newswire - 17 July 2025 - SUNRATE, the global payment and treasury management platform, announced today that it has been included in the prestigious CNBC's list of the World's Top Fintech Companies a world leader in business news partnered with Statista, a global data and business intelligence platform, to identify the top fintech companies from around the world. The World's Top FinTech Companies 2025 list is based on the analysis and weighting of overarching KPIs like Payments, Alternate Finance, Financial Planning, Digital Assets, Neobanking, Wealth Technology, Business Process Solutions, and Banking Solutions. These segment-specific KPIs were derived from the following research methods:"It's a proud moment for SUNRATE to be recognised on CNBC's list of the World's Top Fintech Companies," said, Co-founder of SUNRATE. "Since day one, our strategic vision has been to revolutionise global B2B payments by building a global clearing network and harnessing blockchain technology to deliver secure, efficient, compliant, and transparent cross-border payment solutions. This milestone reflects the trust our global clients place in us."Meng added, "As we scale further, we remain focused on expanding our capabilities and global reach to support the full spectrum of businesses—from small and medium-sized enterprises (SMEs) to large corporates—empowering them to thrive in today's fast-evolving global commerce landscape."Hashtag: #SUNRATE The issuer is solely responsible for the content of this announcement. About SUNRATE SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs. With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit
