Latest news with #TGE
Business Wire
2 days ago
- Business
- Business Wire
The Generation Essentials Group and Black Spade Acquisition II Co Announce Approval of Business Combination by Black Spade II's Shareholders
HONG KONG--(BUSINESS WIRE)--The Generation Essentials Group ('TGE') and Black Spade Acquisition II Co (NASDAQ: BSII) ('Black Spade II') today announced that their previously announced business combination (the 'Business Combination') was approved at an extraordinary general meeting of Black Spade II's shareholders on May 30, 2025. Complete official results of the vote will be included in a current report on Form 8-K to be filed by Black Spade II with the U.S. Securities and Exchange Commission. The Business Combination is expected to close on June 3, 2025. Upon such closing, TGE will remain as the combined company, and its Class A ordinary shares and warrants are expected to be listed on the New York Stock Exchange and NYSE American under the ticker symbols 'TGE' and 'TGEWS', respectively, shortly thereafter, on a date to be announced. About The Generation Essentials Group (formerly known as World Media and Entertainment Universal Inc.) The Generation Essentials Group, jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects, collectively a diversified media and entertainment portfolio of businesses, and a global portfolio of premium properties. About Black Spade Acquisition II Co Black Spade Acquisition II Co ('Black Spade II') is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company or SPAC). Listed on the Nasdaq, Black Spade II was founded by Black Spade Capital, which runs a global portfolio consisting of a wide spectrum of cross-border investments, and consistently seeks to add new investment projects and opportunities to its portfolio. Black Spade II is Black Spade Capital's second SPAC. Black Spade Capital's first SPAC completed its business combination with VinFast Auto Ltd., a Vietnamese electric vehicle company, in August 2023. At the time, it was the third largest ever de-SPAC by deal value (based on Dealogic data available through April 2024).
Yahoo
3 days ago
- Business
- Yahoo
OpenSea Announces Upgraded Platform, Says SEA Token Airdrop to Come Later
OpenSea, a trading platform for non-fungible tokens (NFTs), officially introduced its OpenSea2 (OS2) upgrade to the wider public after a period in beta. The revamped product now features token trading across 19 blockchains as it continues to pivot from NFTs to the wider crypto market. 'OS2 is the foundation for the next generation of OpenSea,' said Devin Finzer, co-founder and CEO of OpenSea, said in a statement. 'We've rebuilt the platform from the ground up to become the best destination for everything on-chain, from NFTs to tokens, across chains and communities.' The company also announced a revamp of its rewards system that recognizes on-chain activity with so-called XP points. The system, called Voyages, issues XP to users who complete basic activities like sharing a gallery, completing an on-chain swap or buying an NFT. 'Voyages are a clear step toward a more intentional kind of engagement on OpenSea,' said Finzer. 'It's about encouraging people to explore the full range of what the platform can do across chains, assets, and experiences.' Users will eventually be able to use accrued XP to claims the highly anticipated airdrop of SEA, which will be the native OpenSea token. OpenSea's chief marketing officer, Adam Hollander, said in a blog post that he "reads comments every day" in regards to when the token will be released, but insists that the OpenSea Foundation will issue the token in a token generation event (TGE) only once a series of releases are rolled out. "As someone who's spent the last four years trading in the trenches right next to you, I know what it's like to want a $SEA airdrop," Hollander said. "But I also know that this isn't just another TGE — it's the TGE. And getting it right won't just be a W for the Foundation and OpenSea but for our entire space." The company has not set a date for when the token will be released. 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
Yahoo
6 days ago
- Business
- Yahoo
TRIBE DEX Brings Real DeFi Utility to Life with TMX TGE: Only 485 ETH Available After $871K Raised
Dubai - UAE , May 26, 2025 (GLOBE NEWSWIRE) -- TRIBE DEX Launches Limited TMX TGE Round on Arbitrum: Just 485 ETH Open for Public Allocation After $871K Raised PrivatelyMay 2025 – Arbitrum, Ethereum L2 — In a bold move redefining decentralized finance, TRIBE DEX, a next-generation perpetuals trading platform built on Ethereum Layer 2 networks (Arbitrum & Optimism), has officially launched its highly anticipated Token Generation Event (TGE) for the TMX token — with a strictly capped allocation of just 485 ETH available for public a $871,000 private sale completion, this limited TGE round underscores growing institutional and community demand for high-performance, non-custodial DeFi trading solutions. The event is now live at offering early supporters an opportunity to acquire TMX at discounted pre-listing prices ahead of its upcoming Weex listing and a Top 10 CEX launch announcement.'We designed TRIBE DEX to lead the future of derivatives trading on Ethereum L2 — where speed, privacy, and profit converge. TMX is the heartbeat of our ecosystem, and this TGE is our first step toward building a truly autonomous trading infrastructure,' said the TRIBE DEX founding Sets TRIBE DEX Apart?Next-Gen Trading, Fully DecentralizedPerpetual Futures with up to 30x LeverageCEX-grade interface with multi-account and risk management toolsBuilt-in DCA/Grid bots, auto-trading & copy trading TMX Tokenomics: Engineered for Long-Term GrowthStaking APYs up to 500%Buyback & Burn model to sustainably reduce supplyGovernance utility granting real influence to token holdersHigh-Yield Liquidity Pools (TLP)200–500% APY via fees + TMX incentivesTLP tokens can be used as trading collateralImpermanent loss protectionDeFi Meets Real Life: The TRIBE Debit CardTRIBE DEX bridges DeFi and daily life with a crypto debit card, enabling users on Arbitrum and Optimism to spend digital assets seamlessly in real-world Breeds ValueWith only 485 ETH available in the public TGE, TRIBE DEX is maintaining scarcity by design, reflecting its commitment to sustainable value and long-term price appreciation. This tightly limited round signals strong confidence from early investors and aligns with the project's measured, utility-first token release NOW LIVE: Info: the Community: the Pulse: for Impact in the DeFi EconomyAs traditional finance adapts to decentralized models, TRIBE DEX is uniquely positioned at the intersection of innovation, scalability, and community alignment. With automation-first infrastructure and frictionless user onboarding, the platform invites traders to experience true financial independence — without limits, without KYC, and without launch marks the start of a broader strategy to onboard power users, institutions, and DeFi natives into a profitable, privacy-first trading can secure your TMX before allocation closes: Only 485 ETH is the TGE now at: Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. CONTACT: Patrick Crawford Info at 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
Associated Press
23-05-2025
- Business
- Associated Press
AMTD Movie "A Gilded Game" Exceeded USD36 Million in Box Office in 23 Days
PARIS & NEW YORK & SINGAPORE--(BUSINESS WIRE)--May 23, 2025-- AMTD Group Inc. ('AMTD' or the 'Group'), alongside The Generation Essentials Group ('TGE'), a subsidiary of the Group under AMTD Digital, jointly announced that AMTD's latest release, A Gilded Game (the 'Movie'), continues to garner widespread enthusiasm from audiences. In just 23 days since its launch, the Movie has grossed over RMB263 million and attracted approximately 6.58 million viewers. Among all films currently screening in China, the Movie has recorded the highest average attendance per session over the past nine consecutive days and maintained the highest theatre occupancy rate over the past two days. It experienced counter-trend growth in box office, with its market performance steadily gaining momentum. The Movie's success extends beyond Chinese Mainland, with releases in Hong Kong SAR, Malaysia, North America, Australia, and New Zealand etc., where it continues to garner positive reviews and widespread acclaim. AMTD is the production company of the Movie, with Dr. Calvin Choi, founder of AMTD IDEA Group and AMTD Digital, serving as both producer and executive producer. About AMTD Group AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors. About AMTD IDEA Group AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit or follow us on X (formerly known as 'Twitter') at @AMTDGroup. About AMTD Digital Inc. AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to,' and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group and/or AMTD Digital with the SEC. All information provided in this press release is as of the date of this press release, and neither AMTD IDEA Group nor AMTD Digital undertakes any obligation to update any forward-looking statement, except as required under applicable law. View source version on CONTACT: For AMTD IDEA Group: IR Office AMTD IDEA Group EMAIL:[email protected] For AMTD Digital Inc.: IR Office AMTD Digital Inc. EMAIL:[email protected] KEYWORD: UNITED STATES FRANCE SINGAPORE SOUTHEAST ASIA NORTH AMERICA ASIA PACIFIC EUROPE NEW YORK INDUSTRY KEYWORD: OTHER ENTERTAINMENT GENERAL ENTERTAINMENT ENTERTAINMENT FILM & MOTION PICTURES SOURCE: AMTD IDEA Group Copyright Business Wire 2025. PUB: 05/23/2025 09:18 AM/DISC: 05/23/2025 09:17 AM
Business Mayor
17-05-2025
- Business
- Business Mayor
Cardano Founder Threatens Lawsuit Over 318 Million ADA Seizure Claims
Cardano founder Charles Hoskinson is preparing to take legal steps against individuals alleging that he manipulated the blockchain to take control of 318 million ADA tokens. The accusations, which recently emerged on the social media platform X, suggest he used his Genesis keys in 2021 to seize funds belonging to early investors. Last week, NFT artist Masato Alexander claimed that during the Cardano 'Allegra' hard fork, the network overwrote certain unspent token allocations from the original token sale. It then rerouted those tokens to Cardano's reserves. 'In 2021, the Cardano 'Allegra' Hard Fork (HF) wasn't just a routine upgrade. It contained an extra payload. This HF effectively ERASED the original ICO UTxOs holding the ₳318M and swept the funds into the Cardano reserves,' Alexander wrote. Alexander claimed that although they intended to reissue the funds to their rightful owners, they allegedly withheld a large portion. He further claimed that only a small percentage of the tokens funded Intersect, a Cardano governance initiative. Most of the tokens, he alleged, were staked to generate an estimated 25 million ADA in additional rewards. 'Only a tiny fraction went to Intersect… Where did the VAST majority of that ₳318 MILLION actually go after being moved from reserves? Separately, the funds were staked, earning 25m additional,' Alexander alleged. In addition, Alexander criticized the lack of clear documentation on the fund's path, suggesting there is no verifiable audit trail. Ironically, Charles recently emphasized needing community input for scaling solutions, citing the importance of governance. Yet, when ₳318M was at stake, he acted unilaterally via genesis keys to alter the ledger and control these funds. Interesting. — masato_alexander (@masatoalexander) May 7, 2025 However, Hoskinson has strongly rejected the allegations. In a response posted to X, he described the claims as 'lies' and clarified that the ADA vouchers became unspendable following the Allegra hard fork. The Cardano founder explained that these assets were transferred to a custodial account managed by the Token Generation Event (TGE). This account continued processing redemptions for three years. 'The Ada vouchers became unspendable after the hard fork. They were rolled into a custodial account controlled by the TGE that then continued redemption for 3 more years to distribute the genesis funds to the original buyers,' he said. Hoskinson stated that original buyers eventually claimed 99.8% of the ADA sold during the ICO. He added that the team allocated only 0.2% of the tokens to fund Intersect. 'After seven years, the remaining 0.2 percent were returned to the TGE and donated to Intersect through the same process that funded the Cardano Foundation,' he added. While the Cardano team has not released a full public report, Hoskinson noted that the redemption process is still ongoing. He warned that he will sue Alexander and others who repeat the claims if they keep alleging that Input Output Global stole funds.
