Latest news with #DeFi
Yahoo
3 hours ago
- Business
- Yahoo
New Ether Treasury Firm 'ETHZilla' Emerges With $425M Funding and a DeFi Twist
Nasdaq-listed biotech firm 180 Life Sciences (ATNF) is set to rebrand as ETHZilla after securing $425 million in private funding to pivot toward an ether-focused treasury strategy. The transaction, structured as a private investment in public equity (PIPE), is expected to close by Aug. 1, the company said in a press release. It's backed by sixty institutional and crypto-native investors, including Polychain Capital, Electric Capital, GSR, and founders of major Ethereum-based platforms like Lido, Frax and EigenLayer. The company plans to use the bulk of the funds to accumulate ether (ETH) as its core treasury asset and generate higher yields than with traditional staking. Electric Capital will serve as ETHZilla's external asset manager. The company will leverage its holdings through an on-chain yield generation program that combines staking, lending and liquidity provisioning. ETHZilla will also launch along with a 'DeFi Council' made up of Etherealize and other DeFi players to offer the company input on how to better monetize its ETH treasury. "Our strategy at closing aims to allow investors to access exposure to a strong-yield potential ecosystem at the heart of the stablecoin and tokenized asset markets," said McAndrew Rudisill, who is expected become chairman of the company after the deal's closing. "We expect to assemble an incredible team of well-regarded veterans across traditional finance and decentralized finance (DeFi) to help guide this new chapter." The firm joins a growing list of publicly-traded companies betting on ETH. These companies, coupled with DeFi treasuries, have accumulated a total of $9.5 billion worth of the cryptocurrency, equivalent to around 2% of its total supply, data from StrategicEtherReserve shows. 180 Life Science's shares are down 7% after the opening bell to $2.69. Sign in to access your portfolio
Business Upturn
5 hours ago
- Business
- Business Upturn
Troller Cat Presale Enters Final Stages with Over $425K Raised and More Than 1,600 Holders
By GlobeNewswire Published on July 30, 2025, 04:15 IST NEW YORK, July 29, 2025 (GLOBE NEWSWIRE) — The meme-powered crypto project Troller Cat ($TCAT) has entered the 15th and final stages of its presale, raising more than $425,000 and attracting over 1,600 token holders to date. With a listing price set at $0.0005309, Stage 15 tokens are currently available at $0.0001063, offering a potential value gap that has contributed to renewed market interest. This presale milestone follows a consistent rise in participation, reflecting increased demand for utility-driven meme tokens. The project has also published its roadmap, which includes plans for Tier-1 exchange listings, the launch of a staking dApp, and NFT integrations following the presale's conclusion. Utility-Driven Features and Community Momentum Troller Cat operates on a deflationary token model with periodic token burns and staking incentives aimed at supporting long-term ecosystem growth. The project has completed a smart contract audit and KYC verification to enhance investor confidence, and reports indicate positive community engagement across platforms like Telegram and Discord. According to on-chain data, token distribution so far has remained decentralized, with no single entity holding a disproportionate share—an encouraging signal for potential investors watching for whale activity. Strategic Focus for Post-Presale Launch The Troller Cat team states that the project's next phase includes unlocking DeFi utility features such as community staking, liquidity pool farming, and NFT reward systems. These developments aim to build on the momentum of the presale and foster a broader utility ecosystem. With only a few stages left, investors are showing increased urgency to participate before the token transitions to its public exchange listing. For More Information Website: Now: X (Twitter): About Troller Cat ($TCAT) Troller Cat is a meme-themed cryptocurrency project that combines community engagement with decentralized finance (DeFi) features, including staking and deflationary mechanics. The project has undergone a full smart contract audit and KYC compliance process to ensure transparency and security. Contact: [email protected] Disclaimer: This content is provided by Trollercat. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. Photos accompanying this announcement are available at 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 GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Time of India
8 hours ago
- Business
- Time of India
Cryptocurrency Live News & Updates : BlackRock's Ethereum Spot ETF Staking Application Confirmed
29 Jul 2025 | 11:30:11 PM IST The SEC has acknowledged BlackRock's application to stake an Ethereum spot ETF, a move anticipated to advance under President Trump's administration. In recent developments, the SEC has confirmed receipt of BlackRock's application for staking an Ethereum spot ETF, a significant step that could expedite the process under the current administration. Meanwhile, the Dow Jones faced a decline due to weak earnings reports and concerns over President Trump's tariff enforcement, which has added pressure on the stock market. In the crypto space, Cardano is showing bullish signs as it retests a key structural level, potentially paving the way for a rally towards $1.19. Additionally, eToro is set to launch tokenized stocks of U.S.-listed companies on the Ethereum blockchain, expanding its offerings and enhancing accessibility for investors. Lastly, RedStone Atom is innovating DeFi by addressing liquidation inefficiencies, allowing for real-time updates that could transform the landscape of lending protocols. Together, these developments highlight a dynamic intersection of traditional finance and cryptocurrency, showcasing both challenges and opportunities in the evolving market. Show more
Yahoo
10 hours ago
- Business
- Yahoo
Ether Treasury Companies to Eventually Own 10% of Supply: Standard Chartered
Corporate treasury participation in ether (ETH) has surged in recent months, with institutional entities now holding 1% of the cryptocurrency's circulating supply, according to a report from investment bank Standard Chartered (STAN). The bank predicts that ether treasury holdings could reach 10% of total supply over time, a 10-fold increase from current levels. The pace of buying rivals inflows into spot ether exchange-traded funds (ETFs) , which are themselves seeing record demand, the report said. Several companies have recently unveiled ether treasury strategies that generate passive yield through ETH staking. These include BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET). The recent influx of both ETF and corporate demand has probably helped drive ether's outperformance against bitcoin (BTC), with the ETH/BTC ratio rising from 0.018 in April to 0.032 in July, wrote Geoff Kendrick, global head of digital assets research at Standard Chartered. The trend has outpaced the equivalent corporate uptake of bitcoin and may signal the beginning of a longer-term structural shift in institutional digital asset portfolios, Kendrick said. Unlike bitcoin, ether treasury holdings offer returns from staking rewards, currently around 3%, and decentralized finance (DeFi) leverage opportunities, giving them a structural advantage over BTC treasuries. Standard Chartered argues this regulatory arbitrage, especially in jurisdictions where direct crypto access is limited, makes ether an increasingly attractive asset for listed companies looking to hold digital assets on their balance sheets. The bank maintained its ether year-end price target of $4,000. The world's second-largest cryptocurrency was trading around $3,830 at publication 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
Economic Times
10 hours ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Bitcoin's Low Volatility Indicates Possible Breakout
30 Jul 2025 | 12:30:11 AM IST Bitcoin's implied volatility index has dropped to its lowest since September 2023, suggesting a potential breakout. The current market conditions reflect a historically bullish accumulation phase, with signs of structural evolution and confidence among short-term holders. Recent developments in the cryptocurrency market highlight significant trends for Bitcoin and Tron. Bitcoin's implied volatility index has fallen to 40.84, a level historically associated with accumulation and subsequent price surges. This low volatility, coupled with a short-term holder realized cap drawdown of -8%, indicates a bullish sentiment among newer investors. Meanwhile, Tron (TRX) has surged to $0.3500, marking a 75% increase from earlier lows this year, driven by record transaction volumes and a dominant position in the stablecoin sector. With over $82 billion in stablecoin supply and substantial DeFi engagement, Tron is solidifying its status as a major player in the crypto space. Additionally, Tron Inc.'s recent move to raise $1 billion for token accumulation further supports its bullish momentum. As both Bitcoin and Tron exhibit signs of strength, investors are keenly observing these developments, which may set the stage for significant market movements in the near future. Show more
