Husky Inu (HINU) has registered the latest price jump of its pre-launch phase, only a day after it reached a crucial fundraising milestone. The latest increase has seen the price of the HINU token rise from $0.00018850 to $0.00018905. Husky Inu crossed the $800,000 milestone on Wednesday and has raised $823,979 so far, with investor interest in crypto projects surging after the market’s latest rally. Husky Inu (HINU) Registers Price Increase Husky Inu (HINU) has registered the latest price increase of its pre-launch phase, rising from $0.00018850 to $0.00018905. The token’s next price jump will see its value increase to $0.00018960. The price jump was the third this week and is part of the project’s ongoing pre-launch phase, which began on April 1, 2025. The pre-launch phase aims to empower the fledgling Husky Inu community, allowing the project to continue its fundraising efforts as its launch date draws closer. The pre-launch phase is the next step in the project’s roadmap, allowing it to raise capital to fund platform improvements, ongoing developments, marketing initiatives, and broader ecosystem expansion. The project adopted a dynamic pricing strategy during the pre-launch phase, with the HINU token price rising every two days. This strategy has been instrumental in the project’s fundraising efforts, helping it cross the $800,000 milestone. The dynamic pricing strategy has helped the project raise funds while maintaining a favorable price for its fledgling community. The pricing strategy rewards early adopters of the project while promoting transparent growth. With the pre-launch phases underway, token prices will steadily increase every two days, following a compounded growth model, and will continue rising until all tokens sell out. The pre-launch phase is designed to empower the Husky Inu community and ensure those joining the project can benefit from favorable pricing. Fundraising Gathers Pace The project’s fundraising efforts have gathered steam in recent weeks as markets rally and crypto sees renewed interest among investors. Thanks to Husky Inu’s progressive pricing strategy, the project has been able to raise funds faster while maintaining favorable pricing and empowering its community. As a result, the project has crossed crucial landmarks in its fundraising journey, including the $750,000 milestone on May 16 and the $800,000 milestone on June 15. Husky Inu has raised $823,979 so far and remains on track to achieve its fundraising goal of $1.2 million Markets Continue Rising As Ethereum (ETH) Soars The crypto market cap rose to $3.8 trillion as most cryptocurrencies traded in positive territory. However, Bitcoin (BTC) declined over the past 24 hours, slipping below $118,000 to $117,970. On the other hand, Ethereum (ETH) rose over 8% in the past 24 hours and nearly 24% over the past week. The world’s second-largest cryptocurrency soared past $3,400 earlier today, with buyers setting their sights on $$3,500. Ripple (XRP) is up over 10%, trading around $3.25, while Solana (SOL) is up 6%, as it closes in on $180. Visit the following links for more information on Husky Inu: Website: Husky Inu Official Website Twitter: Husky Inu Twitter Telegram: Husky Inu Telegram Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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BitcoinWorld Elate Holdings Propels Web3 Development with Crucial $2.55M Convertible Bonds In the rapidly evolving landscape of technology and finance, a significant announcement from Elate Holdings (HK076) is turning heads. The investment holding company recently unveiled a strategic move to bolster its Web3 initiatives, signaling a robust commitment to the next generation of the internet. This isn’t just another funding round; it’s a clear indicator of how established entities are eyeing the immense potential within decentralized technologies. But what exactly does this mean for the future of digital innovation, and how will this substantial investment shape the trajectory of Elate Holdings’ foray into Web3? What’s Driving Elate Holdings’ Bold Move into Web3 Development? On July 17, Elate Holdings made a pivotal announcement: the signing of a subscription agreement to issue HKD 19.95 million, approximately $2.55 million, in zero-coupon, six-year convertible bonds. These bonds, set to mature in 2031, are not just a financial instrument; they are the fuel for the company’s ambitious Web3 development expansion. The terms allow for conversion at HKD 0.25 per share, potentially introducing up to 79.8 million new shares under a general mandate. This strategic injection of capital underscores Elate Holdings’ belief in the transformative power of Web3 technologies. Why such a significant investment in Web3 now? The answer lies in the profound shifts occurring across industries. Web3, often described as the decentralized internet, promises a future where users have greater control over their data and digital assets, powered by blockchain technology. This includes everything from decentralized finance (DeFi) and non-fungible tokens (NFTs) to metaverse experiences and decentralized autonomous organizations (DAOs). For a forward-thinking investment holding company like Elate Holdings, venturing into this space isn’t just about exploring new trends; it’s about positioning itself at the forefront of innovation and capturing future growth opportunities. Understanding Convertible Bonds: A Strategic Blockchain Investment Tool The choice of convertible bonds as the funding mechanism is particularly insightful. For those unfamiliar, a convertible bond is a type of debt security that provides the bondholder with the option to convert their bond into a pre-determined number of common shares of the issuing company. It’s a hybrid instrument, blending features of both debt and equity. For the Issuer (Elate Holdings): Convertible bonds offer a flexible way to raise capital. They typically come with lower interest rates (zero-coupon in this case, meaning no periodic interest payments) compared to traditional bonds because investors have the upside potential of converting into equity if the company’s share price performs well. This allows Elate Holdings to conserve cash flow while funding its Web3 expansion. For the Investor: Investors receive the security of a bond (repayment of principal at maturity) coupled with the potential for capital appreciation if the company’s stock rises. If Elate Holdings’ Web3 ventures succeed and its share price increases, investors can convert their bonds into shares and participate in that growth. It’s a balanced risk-reward proposition, especially appealing for blockchain investment opportunities that carry higher growth potential but also higher inherent risks. This structure is particularly attractive for funding high-growth, emerging sectors like Web3, where future valuations can be uncertain but potentially very high. It provides a pathway for investors to participate in the success of Elate Holdings’ Web3 journey without the immediate volatility of direct equity investment. Elate Holdings’ Vision: Pioneering Digital Transformation This $2.55 million commitment is more than just a financial transaction; it represents Elate Holdings’ strategic intent to lead in the ongoing digital transformation. While the specific areas of their Web3 business expansion haven’t been fully detailed, the broad scope of Web3 suggests several exciting possibilities: Metaverse and Gaming: Investing in virtual worlds, digital economies, and immersive experiences that redefine interaction and entertainment. Decentralized Finance (DeFi): Exploring new financial services built on blockchain, offering alternatives to traditional banking. NFTs and Digital Collectibles: Venturing into the creation, ownership, and trading of unique digital assets. Blockchain Infrastructure: Building foundational layers or tools that support the broader Web3 ecosystem. By securing this funding, Elate Holdings is positioning itself to not only participate in these burgeoning sectors but potentially to innovate within them. This proactive approach is crucial in a landscape where technological advancements are rapid and disruptive. Their move highlights a growing trend where traditional holding companies are leveraging their financial prowess to diversify into cutting-edge digital frontiers, aiming to capture the next wave of economic value creation. What Does This Mean for the Future of Web3 and Traditional Finance? Elate Holdings’ investment is a microcosm of a larger trend: the increasing convergence of traditional finance (TradFi) with the decentralized world of Web3. This isn’t just about big tech companies; it’s about established financial players and investment firms recognizing the long-term value proposition of blockchain technology and its applications. The infusion of capital from entities like Elate Holdings brings several benefits to the Web3 ecosystem: Increased Legitimacy: Traditional investment signals confidence, helping to legitimize the Web3 space and attract more mainstream adoption. Capital Infusion: Provides much-needed funding for innovative projects, enabling faster development and scalability. Expertise and Resources: Traditional companies bring extensive business acumen, operational experience, and networks that can accelerate Web3 projects. However, this convergence also presents challenges. Bridging the gap between the regulated, often slow-moving world of TradFi and the fast-paced, permissionless nature of Web3 requires careful navigation of regulatory uncertainties, technological complexities, and cultural differences. Elate Holdings’ success in its Web3 development will be a key indicator of how effectively this integration can occur. The Road Ahead: Actionable Insights for Investors and Innovators For investors looking at the evolving digital landscape, Elate Holdings’ move provides a fascinating case study. It demonstrates a strategic approach to blockchain investment that balances risk with high-growth potential. Key takeaways include: Diversification is Key: Companies are not just focusing on one aspect of Web3 but exploring a range of opportunities. Hybrid Funding Models: Convertible bonds offer a flexible and attractive way for companies to raise capital for innovative ventures. Long-Term Vision: The 2031 maturity date of the bonds signals a long-term commitment to Web3, acknowledging that significant returns in this space may take time to materialize. For innovators and entrepreneurs in the Web3 space, this signals continued interest from traditional capital. Building robust, sustainable projects with clear utility will be crucial to attracting such investments. The focus should be on solving real-world problems and creating tangible value within the decentralized framework. Conclusion Elate Holdings’ decision to issue $2.55 million in convertible bonds for its Web3 development is a significant statement. It underscores the growing conviction among established companies that the future of the internet is decentralized, and that early, strategic blockchain investment is essential for long-term relevance and growth. This move not only provides critical funding for Elate Holdings’ ambitious plans but also serves as a powerful testament to the increasing maturity and appeal of the Web3 ecosystem. As companies like Elate Holdings continue their digital transformation journey, the line between traditional finance and decentralized innovation will continue to blur, paving the way for a more integrated and exciting digital future. To learn more about the latest blockchain investment trends, explore our article on key developments shaping Web3 institutional adoption. This post Elate Holdings Propels Web3 Development with Crucial $2.55M Convertible Bonds first appeared on BitcoinWorld and is written by Editorial Team
Since early July, XLM and XRP—both co-founded by Jed McCaleb—have surged amid a broader altcoin rally. XLM has outperformed most top altcoins in the short term, yet historically it trails behind XRP in market strength. XLM Momentum Fueled by Ecosystem Growth? Since the start of July, XLM and XRP, two digital assets engineered to revolutionize
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Interchain Labs will focus on sovereign L1s and institutional demand, abandoning plans for smart contracts on the Cosmos Hub
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Ripple, a leading enterprise blockchain company, has taken a major leap in cementing its status within the institutional financial sector by appointing BNY Mellon as the primary custodian for the reserves supporting its U.S. dollar-pegged stablecoin, RLUSD. BNY Mellon: A Trusted Name in Asset Custody On July 9, Ripple formally announced that the Bank of New York Mellon, the oldest bank in the United States and a global leader in asset servicing, would safeguard the RLUSD reserves. These reserves are comprised solely of cash and short-term U.S. Treasuries, held in segregated, auditable accounts. This institutional-grade custody framework is designed to: Provide robust transparency for RLUSD holders Ensure liquidity and seamless redemption processes Instill confidence among regulators, enterprises, and investors Jack McDonald, Ripple’s SVP of stablecoins, emphasized that BNY Mellon’s “demonstrable custody expertise and strong commitment to financial innovation” were decisive factors in the partnership. Emily Portney, BNY Mellon’s global head of asset servicing, highlighted the bank’s excitement to “support the growth and adoption of RLUSD by facilitating the seamless movement of reserve assets and cash for conversions, working closely with Ripple to advance the future of the financial ecosystem”. Institutional Trust and Regulatory Alignment This collaboration is not just about technical custody; it represents a significant vote of confidence from the world’s institutional banking sector in the stability and regulatory compliance of Ripple’s offerings. RLUSD is regulated by the New York Department of Financial Services and is designed to provide a fast, low-fee, and transparent means of settlement for enterprises operating across borders. Ripple’s choice to work with BNY Mellon was strategic, aligning with its recent application for a national banking charter in the U.S. and its pursuit of a Federal Reserve master account. Achieving these milestones would allow Ripple to connect RLUSD reserves directly to central banking infrastructure, further integrating its operations with the existing financial system and elevating its legitimacy among traditional institutions. A Surge in Institutional and Enterprise Adoption Behind the BNY Mellon headline, Ripple has been quietly and methodically expanding its global network of institutional partners: Switzerland’s Amina Bank is the first globally licensed institution to offer RLUSD custody and trading, allowing both retail and institutional users access to the stablecoin for real-time cross-border settlements within the EU’s regulatory framework. In Asia, Ripple’s ongoing collaborations with SBI Holdings and Tranglo have led to surging On-Demand Liquidity (ODL) volumes, deepening Ripple’s reach in forex and payments. Ripple’s ecosystem has attracted prominent enterprise users in regulated markets, reflecting growing trust in its compliance-first, scalable approach. The partnership announcement has catalyzed renewed institutional and retail interest in Ripple and its digital assets. Following the news, XRP’s market capitalization surged, driven by expectations of further adoption in mainstream finance and speculation over future exchange-traded fund (ETF) inflows. Market observers note that these advanced custody arrangements and the involvement of global banking leaders like BNY Mellon create a new standard for stablecoin security and transparency. They provide comfort to enterprises concerned about counterparty risk and liquidity in the digital asset space. Ripple’s Expanding Vision Ripple’s ambition extends beyond individual partnerships. The company is actively positioning RLUSD and the XRP Ledger as foundational layers for regulated finance, DeFi, and tokenization. The dual-chain nature of RLUSD—operating on both Ethereum and XRP Ledger—offers flexibility to suit different enterprise needs, and the company’s compliance initiatives are designed to future-proof its ecosystem against evolving regulations. With its growing slate of institutional partners, regulatory wins, and marquee custody alliances, Ripple is rapidly closing the gap between the world of traditional and digital finance. As more global finance leaders join its network, Ripple is poised to shape the next chapter of the digital asset industry. This development marks a defining moment for Ripple, with BNY Mellon’s custodianship of RLUSD solidifying its reputation in the eyes of regulators, enterprises, and institutional investors worldwide
BitMine, a Bitcoin mining company listed on the New York Stock Exchange, made a new statement regarding its Ethereum (ETH) purchases. Accordingly, the company announced that they have reached the $1 billion ETH level with the purchases they have made so far. It was stated that the company's goal is to continue purchasing until it reaches 5% of the ETH supply. $1 Billion in Ethereum! Bitmine stated in its official statement that as of July 17, they had a total of 300,657 ETH worth $1 billion. BitMine Chairman and Fundstrat co-founder Tom Lee said: “At BitMine, we surpassed $1 billion in Ethereum holdings just seven days after completing our initial $250 million private placement. We are making steady progress towards achieving our goal of purchasing and staking 5% of the total ETH supply. “Acquiring $1 billion in ETH is a clear demonstration of our belief in the long-term value of Ethereum,” said BitMine CEO Jonathan Bates. “We are committed to the continued growth of Ethereum and look forward to advancing our Ethereum treasury strategy.” On the first of July, US-based Bitcoin mining company BitMine announced that it has made Ethereum its primary reserve asset. BitMine's move follows the recent ETH acquisitions by SharpLink Gaming, a subsidiary of Ethereum's MicroStrategy. With its recent purchases, SharpLink Gaming has become the world's largest ETH holder. Related News: Historic Ethereum (ETH) Decision Comes from Bitcoin Mining Company! Wall Street Giant Tom Lee Speaks Assertively! *This is not investment advice. Continue Reading: Bitcoin Mining Company Purchases $1 Billion in Altcoin in Just Seven Days! "Our Goal is to Buy 5% of the Total Supply!"