Thursday Top Crypto News
In one short thread…
Nasdaq-listed XRP treasury company VivoPower has completed a $19 million equity raise through an additional common stock offering priced at $6.05 per share.
The new capital will support its digital asset treasury strategy, including the acquisition, management, and long-term holding of XRP.
According to The Information, Nasdaq-listed SUI Group announced plans to launch two stablecoins, becoming the first digital asset treasury stock to enter the stablecoin sector.
The company, which focuses on acquiring and holding Sui cryptocurrency, will partner with Ethena to issue the stablecoins, aiming to reduce the Sui ecosystem’s reliance on Circle’s USDC.
Avalanche Treasury Co. (AVAT) announced a $675M business combination with Nasdaq SPAC Mountain Lake Acquisition Corp. (MLAC), including ~$460M in treasury assets.
AVAT has already purchased $200M of AVAX at a discount with 18-month priority rights and targets holding over $1B in AVAX post-listing. Entry valuation: 0.77x mNAV (23% discount).
Zach Witkoff, co-founder of World Liberty Financial, said at the Token2049 conference in Singapore that he plans to tokenize the Trump family’s global real estate assets to broaden access for everyday investors.
He suggested that high-end properties such as Trump Tower Dubai could eventually be made available to the public in the form of blockchain-based tokens.
Hyperliquid competitor Lighter has launched its Ethereum Layer 2 public mainnet following eight months of private beta.
The protocol offers low-cost, low-latency perpetual trading via custom ZK circuits that enable verifiable matching and liquidation.
Season 2 of its points program starts immediately and will run through the end of 2025, with additional earning mechanisms to be announced.
Prediction market Polymarket is set to reopen to U.S. users after nearly four years of an effective ban by the CFTC, with filings indicating it could launch as early as tomorrow.
Polymarket acquired QCX LLC (now renamed Polymarket US) for $112 million, securing a Designated Contract Market (DCM) license that allows it to self-certify markets for U.S. users, including sports and election.
Crypto majors trade at the following levels
BTC 118,510 (up 3.75% in 24 hours)
ETH 4,375 (up 5.6%)
XRP 2.961 (up 4%)
SOL 224.20 (up 7%)
Have a great day!
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