Upexi, Inc. (UPXI) has lined up a $500 million equity line deal to bankroll its business operations and boost its stash of Solana. But while the company gears up for crypto accumulation, UPXI shares have nosedived more than 17% over the past week. Zero-Fee $500M Equity Line Fuels Upexi’s Solana Treasury Plan The consumer products […] Source CryptoX Portal
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Key Notes Zero-fee equity arrangement provides flexible capital access while maintaining discretionary timing for stock sales. Company holds leading position among Solana treasury firms with 8% staking yield generating $26M annually. Share dilution concerns emerge as transformation from consumer products to cryptocurrency treasury strategy continues. Nasdaq-listed Upexi Inc. announced Monday, July 28, that it has entered into an equity line agreement with A.G.P./Alliance Global Partners, providing additional capital to expand its Solana treasury holdings through strategic stock sales of up to $500 million. According the press relese, the arrangement allows…
The US Securities and Exchange Commission (SEC) on Monday delayed its decision on the proposed Truth Social Bitcoin exchange-traded fund (ETF), extending the review deadline to Sept. 18 from Aug. 4. The fund, backed by the Trump Media and Technology group, is seeking approval to list the Truth Social Bitcoin ETF on the NYSE Arca exchange under the SEC’s commodity-based trust share framework. Source: SEC.gov The agency, which can take up to 270 days to approve or reject ETF applications, said it extended the review period to allow more time to…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, We will share latest news and update and also one big news coming from US that One big beautiful bill passed and what will be the impact of it on bitcoin and crypto. We will also share why bitcoin and cryptocurrency market is in pressure and also share some more interesting charts and data of bitcoin and other cryptocurrency coins showing signals why bitcoin and cryptocurrency market may go up and what to expect next in Bitcoin and other…
Key Notes Analysts now eye $1,000 as the next key level for BNB price, with some forecasting further gains toward $2,000. The rally is driven by strong corporate interest, with Windtree Therapeutics committing up to $700 million for BNB purchases. BNB Smart Chain recorded 387 million transactions and 33.7 million users over the past week. Amid the broader crypto market consolidation, Binance Coin BNB $838.1 24h volatility: 5.1% Market cap: $116.74 B Vol. 24h: $3.74 B is seeing major upside, surging more than 7% in the last 24 hours to…
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Key Notes Solana founder Anatoly Yakovenko called NFTs and meme coins “digital slop” with no intrinsic value. Meme coins have generated over 62% of Solana’s dApp revenue in June alone. SOL is approaching a critical breakout point above $200, which could lead to new all-time highs. Solana SOL $193.0 24h volatility: 3.3% Market cap: $103.81 B Vol. 24h: $9.80 B co-founder Anatoly Yakovenko stirred debate in the crypto community with his latest statement, branding meme coins and NFTs as “digital slop” lacking any intrinsic value, despite the fact that the…
Solana co-founder Anatoly Yakovenko has sparked controversy after referring to memecoins and non-fungible tokens as “digital slop,” despite Solana’s substantial memecoin-driven revenue. “I’ve said this for years. Memecoins and NFTs are digital slop and have no intrinsic value,” Yakovenko said in a X post on Sunday while comparing the crypto tokens to loot boxes in free-to-play mobile games. Source: Anatoly Yakovenko Yakovenko’s comment came during a debate with Base creator Jesse Pollak over whether memecoins and NFTs have fundamental value, and if so, where that value lies. The Solana Labs…
Solana started a fresh increase above the $188 zone. SOL price is now consolidating gains and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $180 and $185 levels against the US Dollar. The price is now trading above $188 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $190 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the…