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The platform has been live for two weeks, and the total value of player tokens has reached $100 million. Can this reignite the blockchain gaming trend?
ETHZilla announces a $250 million stock buyback to stabilize after shares dropped, but concerns over long-term growth and Ethereum acquisitions remain.
The market's dovish interpretation of Powell's speech may be somewhat exaggerated.
Solana price pulled back after hitting $213, slipping 3.6% in 24 hours. With profit-taking rising and momentum showing strain, one strong support near $183 could decide the next move.
Grayscale has filed an S-1 registration with the SEC to convert its Avalanche Trust into an ETF tracking Avalanche (AVAX). The ETF would let more investors access Avalanche without owning the cryptocurrency directly. This step fits a trend of digital assets entering SEC-regulated investment vehicles. Grayscale follows several firms designing products for regulated blockchain exposure. … <a href="https://beincrypto.com/grayscale-avalanche-avax-etf-sec-filing/">Continued</a>
- 23:05Bitcoin mining company Bitfarms plans to issue $300 million in convertible bondsJinse Finance reported that Bitcoin mining and digital infrastructure company Bitfarms (BITF) announced its plan to issue $300 million in unsecured convertible bonds, maturing in 2031, with interest paid semi-annually starting from July 2026. The bonds can be converted into cash or common stock at the company's discretion. The funds raised will be used for general corporate purposes, including hedging against potential dilution risks arising from the conversion of convertible bonds. Bitfarms recently appointed veteran energy advisor Jonathan Mir as Chief Financial Officer and plans to relocate to the United States. Previously, the company completed a repurchase of 10% of its outstanding shares. Convertible bonds have become a new trend for low-cost financing among mining companies, with Cipher Mining and TeraWulf recently raising funds through similar means.
- 23:05ETHZilla to implement 1:10 reverse stock split to boost share priceJinse Finance reported that Ethereum treasury company ETHZilla (stock code: ETHZ) announced it will implement a 1:10 reverse stock split effective October 20, aiming to reduce the number of outstanding shares and raise its exchange-listed share price to above $10, thereby attracting large mutual fund investors subject to minimum share price requirements. The company stated that this move is intended to expand institutional investor participation, enabling large institutions to access collateral and margin facilities associated with stocks priced above $10. ETHZilla officially changed its name after receiving support from Peter Thiel's Founders Fund in August this year, and previously boosted its share price through a $250 million stock buyback and by allocating part of its ETH holdings to DeFi applications. More than 60 institutions and crypto investors participated in the company's PIPE transaction, including Borderless Capital, GSR, Polychain Capital, and well-known angel investors.
- 22:58US Department of Justice seizes $15 billion worth of Bitcoin in crackdown on Cambodian online fraud schemeAccording to ChainCatcher, citing Golden Ten Data, the U.S. Department of Justice has officially charged business tycoon Zhi Chen, who holds dual citizenship in the UK and Cambodia, for allegedly orchestrating a transnational "pig-butchering" cryptocurrency scam. At the same time, the U.S. government has seized approximately 127,271 bitcoins, valued at up to $15 billions (about RMB 106.9 billions), marking the largest confiscation operation in the department's history. Zhi Chen faces multiple charges and could be sentenced to up to 40 years in prison.