Latest news with #SOL
India Gazette
19 hours ago
- Business
- India Gazette
ED attaches Rs 28.36 crore assets in Delhi-NCR, Haryana, Punjab in bank fraud case
New Delhi [India], June 27 (ANI): The Enforcement Directorate (ED) has attached immovable properties worth Rs 28.36 crore located at Delhi, Gurugram, Faridabad, Sonipat, Amritsar and Greater Noida in a more than Rs 950 crore bank fraud case linking Sunstar Overseas Ltd, the agency said on Friday. ED's Gurugram Zonal Office attached the properties under the Prevention of Money Laundering Act (PMLA), 2002. The federal agency initiated investigation based on the First Information Report (FIR) of Central Bureau of Investigation (CBI), Chandigarh registered against Sunstar SOL, its ex-directors-- Rohit Aggarwal, Rakesh Aggarwal, Naresh Aggarwal, Sumit Aggarwal-- and others under various sections of Indian Penal Code, 1860 for 'committing fraud, criminal misappropriation, criminal breach of trust, cheating and causing wrongful loss of more than Rs 950 crore, to a consortium of nine lender banks lead by Karur Vyasya Bank.' ED said its investigation revealed that ex-directors and promoters of SOL laundered the loan amounts availed by the firm through a web of related and controlled beneficially owned entities, a shell entity and a dummy entity. 'Investigation also revealed that ex-directors and promoters of SOL regained actual and indirect control by misusing Corporate Insolvency Resolution Process (CIRP) proceedings of National Company Law Tribunal (NCLT),' said the ED in a statement. During the investigation, ED conducted searches in January last year and seized cash amounting to Rs 1.19 crore and 226 gms of gold. In July last year, ED arrested three key persons-- Rakesh Gulati (Chartered Accountant), Paramjeet Sharma and Ajay Yadav [Successful Resolution Applicant (SRA)] involved in the conspiracy and diversion of loan funds along with ex-directors and promoters. Moreover, ED said, it has also attached properties valued at Rs 294 crore in this case in August last year. Based on the findings, a Prosecution Complaint was filed on August 29 last year, arraigning 25 persons and entities, including the aforesaid entities, ex-directors and promoters and others. Its cognisance was taken by the Special Court (PMLA), Central District, Tis Hazari Courts, Delhi on September 25 last year. During further investigation, ED said, it unearthed additional Proceeds of Crime being 'siphoned off and used by its related entity- Star Track Fasteners Pvt Ltd and other properties acquired by ex-directors and promoters and their family members, which have now been attached. The total value of attached assets in the case so far stands at Rs 322.55 crore, added the agency. (ANI)
Yahoo
20 hours ago
- Business
- Yahoo
Bitcoin's Cooling Off—Why These 5 'Underdog' Cryptos Are Stealing the Spotlight This Week
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. What It Is: Jito, or JTO, is a decentralised liquid staking protocol built on Solana, offering users yield-optimised staking with MEV rewards. Think of it as the sophisticated cousin of traditional staking—you earn rewards not just from validating transactions, but also from Maximum Extractable Value opportunities. Why It Matters: Jito's open-source approach combines MEV infrastructure and liquid staking to enhance Solana's efficiency, reduce network congestion, and provide additional rewards for validators, searchers, and stakers. In practical terms, this means Solana users can stake their SOL tokens while maintaining liquidity through JitoSOL, earning both staking rewards and MEV profits. Don't Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. The Opportunity: With Solana's ecosystem continuing to mature, Jito has positioned itself as essential infrastructure. Forecasts suggest JTO could reach $2.59 by the end of 2025, representing a potential 61% increase from current levels. For context, that's the kind of return traditional investors chase for years, potentially compressed into months. What It Is: The original Bitcoin fork created to solve scalability issues through larger block sizes, allowing for faster and cheaper transactions than Bitcoin itself. Why It's Moving: Recent analysis by BeInCrypto predicts BCH could break above $500 and reach over $550, driven by renewed institutional interest and technical breakout patterns. Bitcoin Cash surges 7% as geopolitical tensions drive investor interest, with BCH searches up 28% and triple wedge breakout. The Bigger Picture: Analysts highlight Ethereum, Solana, and Bitcoin Cash as the best altcoins to buy this month for breakout potential and utility. What's fascinating is BCH's quiet performance—it's gaining without the Twitter hype or celebrity endorsements that drive other tokens. Reality Check: Some predict it could aim for a target of $710 by the end of 2025, though others remain cautious. The key is whether BCH can maintain momentum beyond technical patterns. Trending: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. What It Is: A purpose-built blockchain designed specifically for trading applications, offering sub-second finality and native order matching. Why It's Hot: Sei represents a different approach to blockchain design—instead of being a general-purpose platform trying to do everything, it's laser-focused on optimizing for trading and DeFi applications. This specialization is paying off as more projects seek infrastructure that can handle high-frequency trading demands. The Technical Edge: With built-in order matching and MEV protection, Sei offers institutional-grade trading infrastructure that traditional exchanges struggle to match. The 15.28% weekly gain reflects growing recognition of this specialized approach. Investment Thesis: As crypto trading volumes continue growing, infrastructure tokens like SEI could see disproportionate benefits. It's picking up the pieces where generalist blockchains fall short. What It Is: A decentralized exchange and liquidity hub built on Base — Coinbase's Layer 2 — designed to be the central trading venue for the Base ecosystem. The Coinbase Factor: Being the primary DEX on Coinbase's blockchain gives AERO significant structural advantages. As Base grows, AERO captures value from increased trading volume and liquidity provision. Performance Story: The 26.06% weekly gain suggests institutional money is taking notice. When Coinbase commits resources to Base's growth, AERO directly benefits from that investment. Strategic Position: While other DEXs compete in crowded markets, AERO has a quasi-monopolistic position on one of crypto's most promising Layer 2 It Is: The token that's quietly outperforming everything else on this list, with nearly 28% gains over seven days and an impressive 13.11% jump in just 24 hours. The Mystery Factor: Sometimes the biggest winners are the ones flying under the radar. Kaia's performance suggests institutional accumulation or major developments that haven't hit mainstream crypto media yet. Risk vs. Reward: The dramatic outperformance could signal either tremendous opportunity or dangerous speculation. The 1.76% hourly gain shows continued momentum, but such rapid moves require careful position sizing. These five tokens represent different investment philosophies: infrastructure plays like Jito and Sei, ecosystem bets like AERO, comeback stories like BCH, and pure momentum like Kaia. What they share is actual utility beyond speculative trading. The broader lesson? While everyone watches Bitcoin's next move, real opportunities often emerge in projects solving specific problems with measurable traction. Whether it's Jito's staking innovation or AERO's Base ecosystem play, these tokens have fundamental reasons for their price action. Read Next: Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can invest with $1,000 at just $0.30/share. This article Bitcoin's Cooling Off—Why These 5 'Underdog' Cryptos Are Stealing the Spotlight This Week originally appeared on 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
Hans India
a day ago
- Business
- Hans India
Bank fraud case: ED seizes properties worth Rs 28 crore in Gurugram, Delhi, Faridabad
Gurugram: The Enforcement Directorate attached immovable properties worth Rs 28.36 crore located at Delhi, Gurugram, Faridabad, Sonipat, Amritsar and Greater Noida in a case involving a company's bank fraud of over Rs 950 crore, an official said. The seizure of properties was done under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in the case of Sunstar Overseas Ltd and others. The total value of attached assets in the case so far stands at Rs 322.55 crore, said the official in a statement. The ED initiated investigation based on the FIR of Central Bureau of Investigation, Anti-Corruption Branch, Chandigarh registered against Sunstar Overseas Ltd (SOL), its ex-directors -- Rohit Aggarwal, Rakesh Aggarwal, Naresh Aggarwal, Sumit Aggarwal and others under various sections of IPC, 1860 for committing fraud, criminal misappropriation, criminal breach of trust, cheating and causing wrongful loss of more than Rs 950 crore, to a consortium of nine lender banks lead by Karur Vyasya Bank. The ED investigation revealed that ex-directors/promoters of SOL laundered the loan through a web of related/controlled/beneficially owned entities, shell entity and dummy entity. Investigation also revealed that ex-directors/promoters of SOL regained actual and indirect control by misusing Corporate Insolvency Resolution Process (CIRP) proceedings of the National Company Law Tribunal (NCLT). During the investigation, the ED conducted searches in January 2024 under section 17 of PMLA and seized Rs 1.19 crore and 226 grams of gold. In July 2024, the ED arrested three key persons -- Rakesh Gulati (CA), Paramjeet Sharma and Ajay Yadav -- involved in the conspiracy and the aforesaid diversion of loan funds along with ex-directors/promoters under section 19 of the PMLA. The ED also attached properties valued at Rs 294 crore in this case in August 2024, which has been confirmed by the Adjudicating Authority (PMLA). Based on the findings, a Prosecution Complaint was filed on August 29, 2024, under sections 44 and 45(1) of PMLA, arraigning 25 persons and entities, including the aforesaid entities, ex-directors/promoters and others. Its cognisance was taken by the Special Court (PMLA), Central District, Tis Hazari Courts, Delhi on September 25, 2024. During further investigation, the ED unearthed additional Proceeds of Crime being siphoned off and used by its related entity -- Star Track Fasteners and other properties acquired by ex-directors/promoters and their family members, which have now been attached.
Business Insider
a day ago
- Business
- Business Insider
DWF Ventures Report Reveals $76B Crypto Treasury Investment by Public Companies
Leading web3 venture capital firm DWF Ventures has published a research report revealing the growth in crypto treasury investment by public companies. It has identified 14 companies that have rolled out a crypto investment strategy, and who collectively now hold digital assets worth $76B. In the past year, DWF Ventures has noted investments of more than $40B made by public companies. It pinpoints a total of 14 such companies that now have significant crypto treasuries. Aside from the Michael Saylor-led Strategy with its $67B investment, DWF Ventures cites public companies such as Trump Media, GameStop, Metaplanet, Tesla, and Semler Scientific. The report examines the different ways in which publicly listed companies can raise capital and deploy crypto treasuries. Examples include Private Investment in Public Equity (PIPE); At-The-Market (ATM) Equity Sales; Credit Facility; Reverse Merger; and Company Treasury. It notes the popularity of PIPE and convertible notes as used by the likes of Trump Media, Interactive Strength, and GameStop. DWF Ventures also explores the crypto assets that public companies have elected to acquire. Bitcoin predictably dominates, but it highlights examples of companies that have established altcoin treasuries. These include Nano Labs (BNB) as well as companies investing in ETH, SOL, SUI, and TRX. One of the more interesting deals that was examined as a case study is Tron's reverse merger. This will effectively see Tron go public in the U.S. through a reverse merger with Nasdaq-listed SRM Entertainment Inc. (SRM). SRM Entertainment has also entered into a $100 million equity agreement to fund its Tron treasury. The report concludes: 'Building on our recent investment in Interactive Strength (TRNR) for the FET treasury, DWF Labs is actively exploring further opportunities within the US equity market. The company is keen to engage in similar structured deals moving forward.' The DWF Ventures crypto treasury report can be read in full here. DWF Labs is the new generation Web3 investor and market maker, one of the world's largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges. Contact Lynn Chia
Business Upturn
2 days ago
- Business
- Business Upturn
Subverting passive income: Cloud Mining launches multi-currency free mining application, hashj allows you to earn US dollars every day
San Francisco, June 26, 2025 (GLOBE NEWSWIRE) — At a time when the digital economy is booming, cloud mining is reshaping the investment landscape with its unique advantages. This innovative way of acquiring digital assets has completely subverted the traditional mining model, allowing ordinary investors to easily participate in the mining of mainstream cryptocurrencies such as Bitcoin and Ethereum through the cloud computing power sharing platform without purchasing professional mining machines or mastering complex technologies, and realize the steady appreciation of assets. June 2025 – As the cryptocurrency market continues to develop, hashj has become a disruptor in the field of cloud mining, providing investors with seamless access to passive income from XRP, USDT, SOL, DOGE and other leading digital assets. With its cutting-edge technology and user-friendly platform, hashj is redefining the convenience of cryptocurrency mining, allowing users to easily obtain stable US dollar income. Easy mining, maximize income The era of expensive hardware and technical complexity is gone. hashj's next-generation platform enables users to: Start mining XRP, SOL, DOGE and more instantly — no equipment required Diversify your portfolio with multiple high-potential cryptocurrencies Earn stablecoin yields with USDT mining for risk-averse investors Monitor earnings in real time with an intuitive mobile dashboard Sign up to get $100 introductory bonus + $18 in cash All mining contracts are free of fees Real-life success story: From skeptic to profiteer Freelancers and gig workers Sarah L., a freelance graphic designer from Austin, Texas, was initially hesitant about cryptocurrencies. After investing $200 to test hashj cloud mining, she now makes $50 to $80 a day, more than some of her design gigs. 'I never thought I could replace hours of client work with the click of a button,' she said. Small business owners Investing $5,000 in SOL and XRP mining can generate more than $1,500 in income per month, and you can get a stable cash flow without active management. Flexible withdrawal methods ensure that funds are available at any time. Retirees and conservative investors The USDT stablecoin mining service launched by HashJ Cloud Mining makes it an ideal choice for retirees and conservative investors to supplement their pensions with its stable annualized return of 8%-11%. This service is specially designed with an automatic compounding function, so that every penny of income can continue to create value and truly achieve the financial management effect of 'money makes money'. The operation is simple and convenient, no professional financial knowledge is required, and you can participate with one click! Quickly join hashj cloud mining Click to register – Successful registration will give you a $100 experience bonus + $18 cash With $100 experience bonus, you can enter the free mining every day to earn US dollars The platform recommends more earning income tables: Advantages of hashj cloud mining 99.9% uptime – minimize downtime and maximize profits Bank-level security – all transactions are encrypted with military grade encryption Artificial intelligence mining optimization – automatic allocation of resources for optimal efficiency Environmentally friendly operation – carbon neutral mining solution Why choose HashJ cloud mining? Among many cloud mining platforms, HashJ stands out with its security, stability and high yield characteristics, becoming the first choice for global investors. First of all, HashJ uses bank-level encryption technology and multiple risk control systems to ensure the safety of user assets. Secondly, the platform provides mining of mainstream currencies such as USDT, BTC, ETH, XRP, etc., with an annualized return of 8%-15%, far exceeding the traditional financial management income. More importantly, HashJ's intelligent compounding function allows the income to automatically roll over and increase in value, maximizing the utilization of funds. Join the future of passive income 'We believe that everyone should have financial freedom,' said Mark Reynolds, CEO of hashj. 'Our platform turns idle time into a source of income – without expertise or a lot of money.' Choosing HashJ means choosing a safe, worry-free, and continuously growing wealth future. Start making money now: Website: Mobile App: iOS and Android Versions Media Inquiries: Press Kit: Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
