Kraken Moves to Acquire Backed in Bid to Expand Global Tokenized Equities

In recent developments, kraken is moving to acquire Backed Finance AG, aiming to pull tokenized equities deeper into the global financial mainstream. Backed to Join Kraken as Tokenized Stock Demand…

Trump-backed WLFI ramps up buybacks as token lingers 50% below launch price

In recent developments, the Trump family-backed WLFI purchased nearly $8 million worth of tokens, aiming to mitigate the downtrend of the token by artificially reducing the outstanding supply. Looking closer,…

Phoenix Group Activates 30MW Hydropower-Backed Crypto Mining Facility in Ethi…

In recent developments, phoenix Group recently activated a 30 MW hydropower-backed crypto mining facility in Addis Ababa, Ethiopia, in partnership with Ethiopian Electric Power (EEP). Aggressive African Expansion The Abu…

Metaplanet taps $100M Bitcoin-backed loan for BTC purchases, share buyback

In recent developments, the loan came shortly after Metaplanet launched a $500 million Bitcoin-backed share buyback program, after its market-based net asset value fell below 1.0. Looking closer, market participants…

Lava Debuts Bitcoin-Backed Line of Credit, Secures $200M Funding

In recent developments, lava, a bitcoin-focused financial platform, disclosed it has raised $200 million and launched a global bitcoin-backed line of credit (BLOC) offering borrowing rates starting at 5%, marking…