Latest news with #LionGroup
Yahoo
04-07-2025
- Business
- Yahoo
Sui Reclaims $3 After Week-Long Rally Sparked by Lion Group's Treasury Plans
Sui (SUI) is trading at $3, up about 4% in the past 24 hours, as the token continues to rally following an announcement by Lion Group Holding Ltd. (LGHL) that it intends to acquire SUI tokens as part of a broader $600 million crypto treasury strategy. The strategy was announced on June 26, triggering a rally in the price of the token, which is currently up nearly 15% over the past 7 days. SUI experienced a significant bullish breakout over the past 24 hour period, according to CoinDesk Research's technical analysis model. The token established a strong support level at $2.87 during early hours on Thursday, before surging dramatically with high volume. Sui's network has emerged as Solana's (SOL) primary challenger in the Layer-1 blockchain space, recording remarkable 54% developer growth over two years while most crypto ecosystems face significant developer attrition, according to a report from Electric Capital. The network's token is outperforming the broader crypto market as measured by the CoinDesk 20 Index, which rose about 5% over the same period. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
18-06-2025
- Business
- Yahoo
Chardan Expands into Digital Assets by Advising Strategic Crypto-Backed Financings
NEW YORK, June 18, 2025 /PRNewswire/ -- Chardan, a leading global investment banking and advisory firm, today announced an expansion into the digital asset sector, advising on and structuring a series of transactions that bridge traditional capital markets with the rapidly evolving world of blockchain and cryptocurrency. As part of its strategic push into crypto finance, Chardan has recently served as a strategic advisor and placement agent in the following notable transactions: Eyenovia's $50 Million PIPE to Acquire HYPE Tokens Chardan acted as sole placement agent in Eyenovia Inc.'s (NASDAQ: EYEN) $50 million PIPE financing. The proceeds are being used to acquire over 1 million HYPE tokens, the native asset of the Hyperliquid blockchain, making Eyenovia the first U.S.-listed company to hold HYPE in its treasury. This transaction positions Eyenovia as a top validator on the Hyperliquid network and includes a strategic staking initiative in partnership with Anchorage Digital. The financing involved the issuance of non-voting convertible preferred stock and warrants, potentially raising up to $150 million in total proceeds. Lion Group's $600 Million Facility to Launch Hyperliquid StrategyChardan acted as sole placement agent in Lion Group Holding's (NASDAQ: LGHL) $600 million facility. The facility supports the strategic accumulation of HYPE as a reserve asset, alongside Solana (SOL) and Sui (SUI). This represents LGHL's relaunch of crypto operations and its pivot toward decentralized finance infrastructure. VivoPower's $121 Million PIPE to Launch XRP Treasury StrategyChardan acted as placement agent for the $121 million private placement for VivoPower International PLC (NASDAQ: VVPR). VivoPower is believed to be the first public company to implement an XRP-focused digital asset treasury strategy. Proceeds will be used to acquire XRP, build out a decentralized finance team, and contribute to the XRPL ecosystem. Classover's $500 Million Convertible Notes for Solana Treasury Strategy Chardan served as financial advisor to Classover Holdings, Inc. (NASDAQ: KIDZ) in its $11 million initial tranche which is the first issuance under the $500 million senior secured convertible note financing. Under the terms of the financing agreement, approximately 80% of the net proceeds from the initial tranche will be allocated toward the purchase of Solana (SOL) tokens, subject to certain terms and limitations. Classover has already acquired over 6,400 SOL tokens and is exploring additional opportunities in staking and locked token acquisitions, reinforcing its commitment to blockchain-integrated financial strategy. Chardan's Vision for the Future of Finance "These transactions underscore our commitment to leading the convergence of traditional finance and digital assets," said Jonas Grossman, President and Managing Partner at Chardan. "We are proud to support visionary companies like Eyenovia, VivoPower, Classover, and Lion Group Holding as they redefine capital allocation and treasury management in the Web3 era." Chardan continues to expand its digital asset advisory capabilities, offering bespoke capital markets solutions, tokenomics structuring, and blockchain integration strategies for forward-thinking clients. About Chardan:Chardan is an independent global investment bank specializing in healthcare, digital assets, technology, SPACs, and emerging growth companies. Our range of services include capital raising, merger and acquisition advisory, strategic advisory, equity research, corporate access, and institutional trading. Headquartered in New York City, Chardan is a registered broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: FINRA, SIPC, and NASDAQ. Chardan Media Contact: Emily Levine Chief Commercial Officer elevine@ (475) 400-6071 View original content to download multimedia: SOURCE Chardan 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
The Sun
25-05-2025
- General
- The Sun
200 join ‘Jom Plogging - Saya Sayang Bumi'
KUANTAN: A total of 200 participants took part in the 'Jom Plogging - Saya Sayang Bumi' programme organised by Alam Flora Sdn Bhd (Alam Flora) at Pantai Cherok Paloh, aimed at fostering a love for the environment. Alam Flora chief operating officer, Mohamad Muhazni Mukhtar, said the initiative sought to raise awareness across all segments of society about the harmful effects of littering on marine habitats and the natural ecosystem. 'We chose this location as we have already carried out clean-up efforts at several beaches including Pantai Sepat, Pantai Cempaka, and Pantai Tanjung Gosong. With Pantai Cherok Paloh gaining popularity and attracting more visitors, we were compelled to extend our efforts here,' he told reporters here today. Participants included local residents, representatives from the Lion Group, Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA), and scouts from nearby schools. As part of the event, Alam Flora also led the planting of 150 saplings along the coastline to support reforestation and coastal restoration efforts. Mohamad Muhazni emphasised that maintaining the cleanliness of tourist areas requires active participation from the public, not just the authorities. Kuantan City Council secretary, Mohd Nizam Mahayuddin, echoed this view and encouraged the community to carry rubbish tongs and bags when visiting beaches and other tourist spots. 'If everyone adopts what we practised today, cleaning as we go, God willing, we can significantly reduce the litter problem, even if we can't eliminate it entirely,' he said. He also expressed appreciation for the contribution of 150 saplings from the Pahang Forestry Department and thanked Alam Flora for its ongoing dedication to environmental conservation.
The Sun
25-05-2025
- General
- The Sun
200 join ‘Jom Plogging - Saya Sayang Bumi' to promote environmental awareness
KUANTAN: A total of 200 participants took part in the 'Jom Plogging - Saya Sayang Bumi' programme organised by Alam Flora Sdn Bhd (Alam Flora) at Pantai Cherok Paloh, aimed at fostering a love for the environment. Alam Flora chief operating officer, Mohamad Muhazni Mukhtar, said the initiative sought to raise awareness across all segments of society about the harmful effects of littering on marine habitats and the natural ecosystem. 'We chose this location as we have already carried out clean-up efforts at several beaches including Pantai Sepat, Pantai Cempaka, and Pantai Tanjung Gosong. With Pantai Cherok Paloh gaining popularity and attracting more visitors, we were compelled to extend our efforts here,' he told reporters here today. Participants included local residents, representatives from the Lion Group, Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA), and scouts from nearby schools. As part of the event, Alam Flora also led the planting of 150 saplings along the coastline to support reforestation and coastal restoration efforts. Mohamad Muhazni emphasised that maintaining the cleanliness of tourist areas requires active participation from the public, not just the authorities. Kuantan City Council secretary, Mohd Nizam Mahayuddin, echoed this view and encouraged the community to carry rubbish tongs and bags when visiting beaches and other tourist spots. 'If everyone adopts what we practised today, cleaning as we go, God willing, we can significantly reduce the litter problem, even if we can't eliminate it entirely,' he said. He also expressed appreciation for the contribution of 150 saplings from the Pahang Forestry Department and thanked Alam Flora for its ongoing dedication to environmental conservation.
