Publicly traded electric vehicle charging firm Jiuzi Holdings is adopting a crypto investment policy, after its board of directors authorized the firm to deploy up to $1 billion into acquiring and holding Bitcoin, Ethereum, and BNB. Shares of JZXN jumped as high as $2.38 on the news, a 47% spike above its Tuesday closing price,
Binance co-founder Changpeng “CZ” Zhao has refuted a report by the Financial Times which said YZi Labs could be opened up to external investors. Zhao said the Tuesday report was “false news…with with fake/wrong/made-up info and negative narrative,” in a post on X. “As far as I know…YZi Labs is not raising an external fund,”
The treasury strategy targeting Bitcoin, Ethereum, and altcoins continues at a rapid pace. Major companies from around the world are making large purchases of various altcoins, including XRP, Solana, and BNB, in addition to BTC and ETH, with the latest news coming from China. Nasdaq-listed Chinese electric vehicle charging infrastructure company Jiuzi Holdings made a
The price of BTC$113,563.42 remains stuck in the mud and corporate bitcoin treasury firms have gone through a full boom-and-bust cycle in a matter of weeks, but the BTC miners have been in major bull mode thanks to artificial intelligence and high-performance computing as a new growth driver. The action continued on Wednesday, with the
FED Chairman Jerome Powell spoke last night for the first time since the interest rate decision was announced last week. However, Powell did not give a clear indication of interest rate decisions in the coming months. While this situation increases uncertainty, US Treasury Secretary Scott Bessent evaluated Jerome Powell’s statement yesterday. Powell Surprised! Speaking on
Key Takeaways DeFi Development Corp. authorized a $100 million share repurchase program. The buyback may be funded by capital raised through convertible notes. DeFi Development Corp., a firm focused on crypto asset acquisitions, today announced a $100 million share repurchase authorization. The company has been actively raising capital through convertible notes to acquire Solana and
Key Takeaways The SEC may conclude reviewing the final round of filings for spot crypto ETFs this week. New SEC listing rules approved in September enable faster launches of ETFs that directly hold crypto assets beyond just Bitcoin. The final wave of filings for spot crypto ETFs may wrap up this week as the SEC
The majority of Russians save some money every month, in case of unforeseen expenses, and cryptocurrency is now among the assets in the buffer. While bank deposits are still widespread, crypto wallets are also among the popular choices. And for a small minority that’s likely to grow, they are the preferred option to store liquid
Japan is cutting back on its ultra-long bond supply in October and December by ¥100 billion ($675 million) at each auction, trimming the amount offered to ¥250 billion from ¥350 billion, the Ministry of Finance announced after meeting with primary dealers on Wednesday. The decision affects bonds maturing between 15.5 and 39 years, which are
Stablecoin infrastructure startup Bastion has raised $14.6 million in a new funding round led by Coinbase Ventures, Fortune reports. Bastion builds white-label stablecoin systems that let companies issue digital dollars without writing code or applying for regulatory licenses. The round included participation from the venture arms of Sony and Samsung, as well as Andreessen Horowitz’s