Author: admin

FG Nexus sold $32.7 million in Ethereum to fund share buybacks after its stock fell 94% in four months, highlighting the deepening net asset value (NAV) crisis among digital asset treasury companies. The sale follows ETHZilla’s $40 million ETH offload in October, underlining mounting pressures throughout a sector managing over $42.7 billion in cryptocurrency assets. This wave of forced selling underscores vulnerabilities in the corporate crypto treasury model, as companies wrestle with stocks trading below the value of their underlying asset holdings.Sponsored SponsoredTreasury Companies Resort to Asset Sales Amid Stock CollapseFG Nexus disclosed selling 10,922 ETH in October to support…

Investment bank Jefferies said the recent surge in gold prices can’t be explained by traditional drivers alone and points instead to Tether as a major new buyer. Attestation data and on-chain activity show that the stablecoin issuer has accumulated substantial bullion in recent months, tightening supply and helping fuel the sharp rally, the bank said in the Thursday report.The precious metal has risen more than 50% this year and is currently trading around $4,080 per ounce.Jefferies first flagged Tether’s interest after the company met with miners and royalty firms in Denver last fall, with investors telling the bank Tether aimed…

Crypto.com to Also Provide OTC Trading Capabilities for VerifiedXNEW YORK, Nov. 21, 2025 /PRNewswire/ — Crypto.com and the VerifiedX (VFX) Network (VerifiedX.io), the people’s network and a global leader in self-custody and Web3 wallet infrastructure, today announced that Crypto.com will provide VerifiedX secure institutional-grade custody and liquidity support for $1.5 billion in assets, as well as OTC trading capabilities.Through this partnership, eligible institutions using VerifiedX can securely store, manage, and transact digital currencies using Crypto.com’s regulated, institutional-grade custody platform. Crypto.com’s custody service offers multi-user permissions, customizable governance workflows, and insured custody solutions, meeting growing demand for scalable, low-cost, and compliant blockchain infrastructure.“Crypto.com…

San Francisco, USA/CA, November 20th, 2025, ChainwireNumerai, a San Francisco–based hedge fund and data science tournament uniting machine learning, decentralized finance, and cryptocurrency incentives, today announced a $30 million Series C financing round led by top university endowments. The round values Numerai at $500 million, five times its 2023 valuation.J.P. Morgan Asset Management’s August 2025 commitment of up to $500 million in Numerai’s hedge fund capacity, together with the new equity financing, provides Numerai with additional resources to scale its AI-driven strategies toward nearly $1 billion in assets under management (AUM).Existing investors — including Union Square Ventures, Shine Capital, and…

Zug, Switzerland, November 20th, 2025, ChainwireOver the past few years, three different teams, Codex, Nomos, and Waku, have been building essential pieces of decentralised technology. Each had its own identity, its own community, and its own product roadmap. But underneath the different projects was one shared goal: to create a social movement and decentralised technology stack to revitalise civil society.Today, they push their mission forward and chart a new path. Codex, Nomos, and Waku are unifying under one brand and one mission: Logos.This consolidation represents the next step in a movement that’s been steadily growing with over 200 active contributors,…

Denver, Colorado, USA, November 19th, 2025, ChainwireTapbit, a leading global cryptocurrency exchange, proudly celebrates its fourth anniversary. Since its founding in 2021, Tapbit has upheld the core values of security, stability, and innovation, providing efficient and reliable digital asset trading services to users worldwide. Over the past four years, Tapbit has established itself as a prominent player in the crypto trading industry, gaining widespread recognition for its robust technology, market performance, and user trust.“Four years is just the beginning. We believe that trust and innovation are the core competitive advantages of a cryptocurrency exchange.” – Lucas, CEO of TapbitFrom Startup to Takeoff:…

NEW YORK, Nov. 20, 2025 /PRNewswire/ — Global investment and fintech powerhouse Touareg Group has announced the official launch of Touareg Group Technologies Co., capitalized with a paid-up fund of USD 1 billion. At the heart of this milestone is TrustglobeX, the Group’s flagship crypto exchange set to redefine the global digital-asset industry through unmatched liquidity, cutting-edge infrastructure, and a bold international vision.TrustglobeX represents the cornerstone of Touareg Group’s expansion into the digital-finance frontier. Designed for both institutional and retail markets, the exchange combines deep-liquidity architecture with lightning-fast transaction speeds and a multi-chain trading environment. Its hybrid wallet system delivers instant…

Zug, Switzerland, November 19th, 2025, ChainwireSupra, the vertically integrated Layer 1 powering MultiVM smart contract execution with native oracles, dVRF, automation, and cross-chain communication, announced today the opening of applications for its MultiVM testnet during today’s keynote at Devconnect Buenos Aires, held as part of Multichain Day. The announcement was delivered by Jon Jones, Co-Founder and Chief Business Officer of Supra, during a session exploring the future of interoperability and next-generation Web3 infrastructure.This launch marks a pivotal moment in the evolution of dApp development, as Supra aims to offer EVM developers, in addition to MoveVM developers, a powerful new foundation…

Abu Dhabi, UAE, November 19th, 2025, ChainwireDesigned to catalyze innovation across gaming, digital finance, and builder economies, the fund marks a pivotal step in transforming MapleStory Universe into a sustainable, interoperable Web3 ecosystem.NEXPACE’s Ecosystem Fund brings on Altos Ventures, Chainlink Labs, GSR, and Hashed Ventures as strategic advisory partners.NEXPACE, Web3 IP-expansion initiative behind MapleStory Universe (MSU), today announced the launch of the Ecosystem Fund with a plan to invest up to US$50 million to accelerate the long-term growth of both MSU and the broader NEXPACE ecosystem. The Ecosystem Fund is envisioned to underscore NEXPACE’s mission to build an open, self-sustaining…

The crypto prop trading landscape has evolved dramatically, offering traders unprecedented access to substantial capital for altcoin trading. Altcoin prop trading firms have emerged as game-changers for skilled traders seeking to amplify their strategies without risking personal capital. These firms provide funded accounts ranging from $5,000 to $300,000 or more, with profit splits reaching up to 90%. The best multi crypto prop firms 2025 distinguish themselves through extensive cryptocurrency pair offerings, lightning-fast payouts, and strategic partnerships with major exchanges like Bybit and Kraken.For traders specializing in altcoins—from established coins like Ethereum and Solana to emerging DeFi tokens—selecting the right firm…