The Smarter Web Company (SWC) has made a significant move by acquiring an additional 230.05 BTC, signaling growing corporate confidence in Bitcoin as a strategic asset. This purchase raises SWC’s
If early 2025 is any clue, MAGACOIN FINANCE is shaping up to be the latter. With XRP shaking off its legal baggage and Ethereum charging ahead with ecosystem expansion, capital is flowing fast—but not always where you’d expect. The big names are attracting headlines, but beneath the surface, an emerging project is building serious traction. While Ethereum’s ETF momentum and Ripple’s SEC breakthrough dominate the top-tier narrative, sharp-eyed investors are already looking past the majors. They’re hunting for something with asymmetric upside. And one crypto project is starting to pop up again and again: MAGACOIN FINANCE. Why are Investors Betting Big on MAGACOIN FINANCE? MAGACOIN FINANCE isn’t a household name—yet. But that’s exactly why early investors are excited. While the market chases headlines, this under-the-radar project is quietly building real momentum. What makes MAGACOIN FINANCE different? Fixed supply: No unlimited minting or token inflation as it has a fixed supply of 170B tokens. Audited smart contracts: Transparency and trust baked in from the start, audited by HashEx. Early-stage access: Designed to benefit early adopters—not just insiders or venture capital. It’s rare to see a token that combines meme coin energy with solid fundamentals. MAGACOIN FINANCE is doing both—and that’s what’s turning heads. Investors who were early on tokens like DOGE, SHIBA, or PEPE know what this moment feels like. A strong project with strong tokenomics and the right narrative at the right time—it’s a recipe that’s delivered huge returns before. MAGACOIN FINANCE is showing the same early signs, and many are betting it could be the next big breakout. XRP Finally Clears the Fog and Investors Are Ready For years, Ripple (XRP) has been stuck in a legal battle with the SEC. But that’s changed dramatically this year. Ripple and the U.S. SEC recently proposed a $50 million settlement that would finally bring their long-running lawsuit to a close. If approved by the court, the deal will also unlock $125 million in escrowed funds and officially lift restrictions on XRP. For investors, this is massive. Legal uncertainty has kept institutions on the sidelines for years, but now, with clarity in sight, big players are re-entering the picture. XRP’s role in global payments is real, and with legal hurdles nearly gone, many believe the asset is about to reprice in a major way. So where does MAGACOIN FINANCE come in? XRP holders are looking for the next-early opportunity—before the crowd catches on. Ethereum’s Ecosystem Is Expanding Ethereum is also making strong momentum, though in a different way. While its price has struggled to break out—activity on the network is booming. More than 1 million new addresses are being added every week, and over 35 million ETH are now staked, showing that long-term belief in the ecosystem is stronger than ever. Under the hood, Ethereum’s fundamentals are surging. Accumulation wallets have grown by 5 million ETH since June. Institutions are joining in too—BTCS and SharpLink now hold a combined 1.19 million ETH. Meanwhile, the bipartisan GENIUS bill—recently passed in the U.S. Senate—is boosting Ethereum’s role as the go-to chain for stablecoins. At the same time, ETH is experiencing heavy selling pressure and volatility. Short-term traders are pulling profits, and nearly $163 million in long positions were liquidated in the past day alone. For investors, this presents a challenge: they believe in Ethereum’s future, but they’re also looking to diversify into newer, smaller assets that haven’t yet hit their growth curve. That’s exactly why many are turning toward MAGACOIN FINANCE. Final Thought: Follow the Smart Money Before the Crowd Does The crypto market in 2025 is evolving fast. XRP is finally shedding its legal baggage. Ethereum is growing despite market turbulence. Institutional capital is moving—and it’s not just flowing into the majors. As history has shown, the biggest gains often come from spotting the next wave before it becomes obvious. MAGACOIN FINANCE is still in its early stage, and that window won’t stay open for long. With attention starting to grow and momentum building day by day, early buyers could be positioning themselves for a major upside when this token hits the open market. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Exclusive Access: https://magacoinfinance.com/entry Continue Reading: Why XRP and Ethereum Investors Are Watching This Undervalued Crypto Before It Hits Mainstream Attention
Bitget Wallet partnered with Mastercard and infrastructure provider Immersve to launch a zero-fee crypto-linked payment card. Mastercard Digital First Enables Instant Bitget Wallet Crypto Card Access The card allows users to spend directly from their digital wallets at over 150 million Mastercard-accepting merchants globally. It will be accessible via the Bitget Wallet app, supporting real-time
Trump’s “big, beautiful bill” passed the Senate, but without any provisions related to the crypto industry. Trump’s budget bill passed the Senate, but the crypto industry has little to celebrate. On Tuesday, June 1, the U.S. Senate passed the sweeping budget bill, with a razor-thin margin. Yet, despite Donald Trump’s past vocal support for the crypto industry, the bill had no crypto-related provisions. Specifically, there was no mention of “digital assets,” “Bitcoin,” “Ethereum,” “crypto,” “web3,” or “blockchain” anywhere in the over 1000-page bill. This is despite specific efforts by pro-crypto Senators to include tax breaks for the industry in the bill. Notably, Senator Cynthia Lummis, a vocal advocate for digital assets, argued for changing the tax code for crypto mining and staking. She argued that miners and stakers were taxed twice, once when they received block rewards and then again when they had to sell them. For years, miners and stakers have been taxed TWICE. Once when they receive block rewards, and again when they sell it. It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower. 🇺🇸 — Senator Cynthia Lummis (@SenLummis) June 30, 2025 You might also like: Senator Lummis pushes for crypto-friendly amendments in Trump’s Big Beautiful Bill Miners and stakers seek relief from taxation Currently, the IRS classifies profits from crypto mining and staking as income, which is taxed at fair market value at the time of receiving them. Once the miners sell their crypto, they have to report capital gains and pay a flat rate on these profits. While these taxes don’t strictly entail double taxation, miners and stakers complain that the system is overly burdensome. Namely, they have to pay taxes before realizing any profits, or before converting any crypto to fiat. You might also like: Guide to paying taxes on cryptocurrency income Lummis also advocated for tax exemptions for small crypto transactions, or a “de minimis” rule. These are often transactions that involve small payments for gas fees, small transfers, etc. While transactions don’t generate much tax income, they are a significant burden when it comes to tax reporting. The crypto industry was one of the biggest donors in the November 2024 elections. They supported candidates from both parties, raising over $190 million for their campaigns. Read more: Crypto taxes: What does regulation look like around the world?
33-year-old socialist Zohran Mamdani became a surprise favorite among the NYC mayoral candidates from the Democratic Party and is considered a likely winner in the election. Mamdani’s socialist platform is criticized for being naive and unrealistic. However, his popularity is a signal to capitalists that the masses of New Yorkers are unheard of. Why does crypto X blast Mamdani? Is he an enemy of cryptocurrencies? Table of Contents Zohran Mamdani’s background and platform Can Mamdani save New York? Why does Crypto Twitter not like Mamdani? Conclusion Zohran Mamdani’s background and platform Zohran Mamdani’s parents are Ugandan academic and political commentator Mahmood Mamdani and award-winning Indian American filmmaker Mira Nair. Mamdani’s family moved to the USA from Uganda when Zohran was seven. Mamdani is Muslim and an outspoken socialist. He criticizes Israel’s actions in Palestine while opposing anti-semitism at the same time. Mamdani has a degree in African studies. Prior to starting a political career, he worked as a housing counselor. He has been a member of the New York State Assembly from the 36th district since 2021. Mamdani announced he is running for mayor of New York in October 2024. His platform is based on the idea that New York got too expensive to live in for working-class New Yorkers, which is true, given that even one-bedroom apartments in working-class districts can cost over $3,000 or even $4,000 per month. Mamdani’s supporters use slogans such as “Freeze the Rent” and “A City We Can Afford” while Mamdani is addressing the cost-of-living crisis in his speeches. His initiatives include abolishing payment for the use of buses, creating affordable city-owned grocery stores across the city, providing public child care, freezing housing prices, and building more affordable houses. These ideas resonated with young lodgers of New York and Asian and Latinx voters. In June, Mamdani became the leading candidate from the Democratic Party, beating former New York State Governor Andrew Cuomo in the Democratic primary. Mamdani’s success scared and angered Republicans, big business, and some of the moderate Democrats. Can Mamdani save New York? Just like Donald Trump before the presidency, Mamdani is criticized for lacking real experience in politics. His success owes much to social media and efficient promotion. The assembly years of Mamdani weren’t marked with any achievements. Now that his campaign has proved to be victorious, critics worry about a possible disastrous mayoral term of Mamdani. Mamdani’s ideas are criticized for being naive and even harmful : rent grows slower than the maintenance costs for apartment owners, while the promise to build affordable housing projects totally ignores the fact that New York has already been championing this strategy for many years. More than that, the rent prices for 40% of apartments are already controlled (landlords cannot raise the cost more than 5% a year). This policy shows poor results as the uncontrolled housing gets costlier, while controlled housing loses in quality as landlords cut expenses. Freezing the rent altogether will only make it worse. Mamdani’s plan to tax the rich to pay off his public projects may also find opposition from the governor and state legislature. As for the buses, critics say that free buses will attract new passengers who now use the subway. This pressure may worsen the traffic jam situation. Why does Crypto Twitter not like Mamdani? It seems that many of Mamdani’s plans are too hard to materialize, or they are just bad at their core. However, Crypto X (Twitter) has one more reason to hate a new Democratic leader: he is not a cryptocurrency champion, while his opponents in the election are pro-crypto. Republican candidate Curtis Sliwa promised to widen the Bitcoin ATM infrastructure back in 2021. Also, he was urging local businesses to start accepting crypto payments. The incumbent NYC mayor, who is going to get re-elected as an independent candidate, Eric Adams, is a crypto advocate who famously said that he received his first three mayoral paychecks in Bitcoin. Adams was calling New Yorkers to oppose Bitlicense, a framework that stalls cryptocurrency business in New York, and participated in various other cryptocurrency initiatives. As NYC #Mayor , I will make #NYC the most cryptocurrency-friendly city in the nation Property taxes, fines & fees will be payable in #crypto We will open more crypto ATMs & incentivize businesses to accept crypto We must modernize our economy & make it accessible for ALL! pic.twitter.com/WW2zPncEps — Curtis Sliwa (@CurtisSliwa) September 1, 2021 Read more: New York Mayor Pushes State to Drop “Stifling” BitLicense Program Mamdani is not a strong crypto proponent. He used a cryptocurrency topic as the reason to criticize former governor Andrew Cuomo, calling him out for advising an OKX exchange that broke local rules and had to pay $505 million in fines. Andrew Cuomo could’ve spent the years since his resignation making amends and helping New Yorkers. Instead he hounded the women who spoke out about his serial harassment, fought to keep his book deal millions…and advised a foreign crypto exchange that broke US law. pic.twitter.com/kBxkNGdrgA — Zohran Kwame Mamdani (@ZohranKMamdani) April 2, 2025 In 2023, Mamdani called to tighten regulations on cryptocurrency in New York, despite the fact that New York is already a tough jurisdiction for cryptocurrency businesses. Basically, that’s all Mamdani had to say about crypto during his lifetime. When crypto companies collapse, it isn’t the rich who suffer, it’s small investors who disproportionately come from low-income and communities of color. @NewYorkStateAG has a bill to address this and protect New York investors. Let’s do it! https://t.co/z0lCuPzkK9 — Zohran Kwame Mamdani (@ZohranKMamdani) May 11, 2023 It is not Mamdani’s lack of support for crypto, nor the weakness of his platform, that is the target for Crypto Twitter. It seems that many in the community simply hate Mamdani for being a socialist, Israeli military aggression critic, and “tax the rich” proponent. Some even point at his Ugandan roots as a problem or bring up the fact that Mamdani is not poor himself, as if it means he is not honest with the voters. Your mom lets you stay in her $2 million condo in Chelsea. Why are you pandering? You are rich. You are a nepo baby. https://t.co/uq8bbSjHP9 — Laura Loomer (@LauraLoomer) June 30, 2025 As many big figures in the crypto community don’t have reservations about being or becoming ultrawealthy, they seem to be angered and scared by the sudden success of Mamdani, who claimed, “I don’t think we should have billionaires because it is so much money in a moment of such inequality.” Zohran Mamdani: “I don't think that we should have billionaires.” Do you agree? Is there a point in being a billionaire besides for power? pic.twitter.com/zEyE0yHHp1 — Brian Krassenstein (@krassenstein) June 29, 2025 Billionaire and hedge fund manager Bill Ackman is one of the most concerned about Mamdani’s person on X. He cites the poorly based post suggesting that the results in the Democratic primary are not impressive as a thoughtful piece, and reposts various tweets that bring up Mamdani’s remoteness from the working class or his distaste for Benjamin Netanyahu as problematic. Socialism is a mental disease spread by those looking to prey on the economically illiterate. — Anthony Pompliano 🌪 (@APompliano) June 30, 2025 One of the retweeted posts is by Anthony Pompliano, a cryptocurrency podcaster and the new CEO of the ProCap BTC Bitcoin treasury company. On his podcast, he shared a clip in which market analyst Jordi Visser explains why the youth lean toward socialism. Frustration and the feeling that the system is failing them are to blame. Visser, however, sees that Bitcoin may be the way out–something that is missing from Mamdani’s platform. In the same video, Pompliano shares the text from a venture capitalist, Peter Thiel, who cites student debt, unaffordable housing, long-term negative capital, no stake in the capitalist system, and the lack of eagerness of the boomer generation to pass the power to younger generations. Interestingly, Pompliano suggests that the solution for the youth would be copying the behavior of successful people of the past: accumulating capital, embracing new technologies, and taking risks–diving into the Bitcoin space matches all three suggestions. However, it only emphasizes that the old-school pipeline of the American Dream is systematically broken, and Bitcoin is one of the newer bypasses in the post-2008-and-2020-crises world order. Gemini exchange co-founder Tyler Winklevoss made a viral post condemning the youth supporting Mamdani. He concluded that socialism can be a hard lesson for Zoomers and millennials to learn why socialism is a bad idea. A lot of people have asked me if I will get involved in the NYC mayor race by supporting a candidate that can defeat Zohran Mamdani. TBH, I’m torn and undecided. Like every other city run by democrats, NYC is a broken kleptocracy. Taxes are astronomical and services are pathetic… — Tyler Winklevoss (@tyler) June 26, 2025 However, many in the comment section pointed out that instead of speaking about how good it is for New Yorkers to “learn it the hard way,” Winklevoss could come up with a more positive program, for instance, educating the youth about dangers of socialism the same way Mamdani earned his popularity–via social media, or just through “throwing good money at [capitalism] to work outside your trust fund.” Blaming socialism for millennial disillusionment is wild when it was capitalism—2008, student debt, unaffordable housing—that radicalized millennials. Also rich (ha): a billionaire crypto mogul lecturing NYC on kleptocracy while VC money launders luxury towers and rig… — efficientenzyme (@efficientenzyme) June 26, 2025 Conclusion New York is home to Gemini, MoonPay, Circle, Paxos, and other cryptocurrency projects. The mayor of the city will have an impact on the crypto industry of the U.S., per se. The probable victory of Mamdani casts a shadow on the prospects of the cryptocurrency business in New York, as the crypto sector is nonexistent in his campaign. It’s four months until the November election, and things can change. You might also like: ‘Shield crypto from federal overreach’: Winklevoss twin says
The Arbitrum ($ARB) token is climbing again, slowly rising to $0.327 after a 7% drop from its 24-hour high of $0.3887. With a market cap of $1.62 billion and $506 million in daily trading volume, Arbitrum holds the 47th spot on CoinMarketCap. At press time , the asset is trading at $0.3275. Arbitrum’s Dominance: The Ethereum L2 Leader With $2.4B TVL Arbitrum is one of the largest Ethereum Layer-2 networks , known for its low fees and high scalability. These features have drawn both developers and users to the platform. The $ARB token was launched with an airdrop in March 2023 and has since experienced steady price growth. Despite this, the token still trades 86% below its all-time high of $2.39. Source: CoinGecko Arbitrum holds a dominant position among Layer-2 solutions, with many expecting its leadership to continue. The network boasts a substantial $2.4 billion in total value locked, reinforcing its strong market presence. Arbitrum TVL (Source: DefiLlama) Major decentralized protocols such as Aave and Uniswap rely on Arbitrum as their primary DeFi hub, processing transactions through its bridge. This institutional trust reinforces Arbitrum’s position as the leading Layer 2 choice for Ethereum. Arbitrum leads other Layer-2 networks, such as Base, Starknet, and Optimism, in terms of daily activity and total value locked (TVL). However, it still falls behind larger altcoins, such as Polygon and Avalanche, in market capitalization. Earlier this year, Arbitrum briefly entered the top 40 but lost ground due to market shifts toward meme tokens and gaming projects. As of July 1, the network supports over 1 million active wallets and has processed 1.89 billion transactions. Beyond DeFi, NFT platforms like Magic Eden are driving activity on Arbitrum, showcasing its versatility across various blockchain sectors. Magic Eden and Ubisoft release gaming NFT collection on Arbitrum based on Captain Laserhawk anime NFT marketplace Magic Eden, video game company Ubisoft and blockchain development organization Arbitrum Foundation have collaborated to launch a web3 gaming NFT collection on… pic.twitter.com/EjkzniUXzy — EchoeWeb (@Echoeweb) October 5, 2024 Arbitrum has also partnered with Robinhood , a major U.S. trading platform. The update was confirmed during a fireside chat in France, which featured Ethereum co-founder Vitalik Buterin and Arbitrum developers. Starting today, @RobinhoodApp will launch tokenized stocks on Arbitrum One, and later – a Robinhood Layer 2 blockchain utilizing the Orbit stack. Robinhood will be issuing 200+ US stock and ETF tokens on Arbitrum One, for EU customers directly in their Robinhood app. To their… — Arbitrum (@arbitrum) June 30, 2025 The trading app will launch a tokenized stock product on Arbitrum One and later on a custom Robinhood L2 blockchain in its bid to offer EU users tokenized U.S. stocks and ETF tokens. Binance, the world’s largest crypto exchange, has also introduced new $ARB trading products. These include an algorithmic trading bot for the ARB/USDC pair, offering strategies like dollar-cost averaging. Whale activity on Arbitrum is increasing. A wallet linked to the Gelato Network recently transferred $5 million worth of $ARB tokens (approximately 20 million tokens) to market maker GSR. These tokens were later deposited on Binance, indicating possible accumulation by a whale. Can $ARB Climb to $0.59? The $ARB/USD chart reveals a concerning rounded top formation following its rejection at the $0.389 resistance level. This bearish pattern emerged on June 30 as buying momentum faded, evidenced by progressively lower highs and diminishing trading volume—classic signs of distribution. The subsequent price action unfolded in three distinct phases: an initial decline to $0.35, a brief bullish counterattack that lifted prices to $0.37, and ultimately a rejection that drove ARB down to establish new support at $0.321. Market structure currently presents a clear battleground. Bulls are pushing for a rebound, targeting the key resistance level at $0.37. A decisive breakout above this point, especially with solid trading volume, could disrupt the bearish trend and pave the way for a move toward $0.40. Yet on-chain data reveals a slowdown in whale accumulation, indicating hesitation among major investors. This caution could cap upward momentum, leaving the rally vulnerable to resistance. $ARB W1 TF (quoted post) Drop into the first lower range and a 35% bounce so far. Projection looks good, but it still needs bullish confirmations (to reclaim $0.51 as support). NFA Updates on https://t.co/yNsxRvQK1A https://t.co/NRm1SgRauQ pic.twitter.com/jhlYhXegsM — GL Crypto (@glcrypto1618) June 30, 2025 Conversely, failure to hold the $0.321 support would confirm the bearish scenario, likely triggering a cascade of liquidations that could propel $ARB toward the $0.30 psychological level. In a more severe downturn, the $0.28-$0.26 zone may become the next major support area. Traders should monitor both volume patterns and order book depth around these key levels, as the current technical setup presents a high-probability inflection point for ARB’s medium-term trajectory. The post Arbitrum ($ARB) Defies Market Slump: Can the Ethereum L2 Leader Hit $0.59 Next? appeared first on Cryptonews .
Botanix Labs has launched its Ethereum Virtual Machine-compatible Bitcoin Layer 2 mainnet, promising decentralized smart contracts and significantly faster BTC block times. The network’s innovative “Spiderchain” architecture enables five-second finality
BitcoinWorld Japanese Game Developer CyberStep Pioneers Ambitious $6.96M Crypto Reserve for Web3 Future In a significant move signaling the growing convergence of traditional entertainment and decentralized finance, CyberStep, a prominent Japanese game developer renowned for its popular online claw machine game Toreba, has launched an ambitious new initiative. This strategic pivot into the digital asset space marks a bold step, setting a precedent for how established gaming companies are embracing the future of finance and technology. Why is this Japanese Game Developer Making Waves? CyberStep’s decision to dive deep into the cryptocurrency world isn’t just a fleeting trend; it’s a calculated move. On July 1, the company officially unveiled CRYPTECH Capital, a dedicated division poised to manage its foray into digital assets. This isn’t merely about dabbling; it’s about establishing a robust foundation within the burgeoning Web3 ecosystem. For a leading Japanese game developer , this move underscores a belief in the long-term viability and transformative potential of blockchain technology, especially as it relates to interactive entertainment. Building a Strategic Crypto Reserve: The Vision At the heart of CyberStep’s new venture is the commitment to building a substantial crypto reserve . The company’s strategy involves converting tokens generated from its various Web3 services into established major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). These assets will then be held on the company’s balance sheet, providing a stable foundation and potentially new avenues for growth. This approach demonstrates a clear understanding of market dynamics, opting for blue-chip cryptocurrencies known for their liquidity and relative stability within the volatile crypto landscape. CyberStep’s Bold Digital Asset Strategy Unpacked The financial commitment behind this initiative is noteworthy. CyberStep has initially allocated 200 million yen (approximately $1.39 million) for immediate crypto purchases within the fiscal year ending May 2026. This initial investment is just the beginning. The long-term vision for this digital asset strategy is to expand the reserve significantly, aiming for a target of 1 billion yen (around $6.96 million), contingent on favorable market conditions. This phased approach allows the company flexibility to adapt to market fluctuations while steadily building its digital asset portfolio. It’s a pragmatic and forward-thinking strategy for managing risk and maximizing potential returns. The Future of Web3 Gaming and Beyond CyberStep’s move highlights a broader trend: the increasing integration of blockchain technology into the gaming industry. The creation of Web3 services, which leverage decentralized technologies, is a key component of this shift. By converting tokens from these services into major cryptocurrencies, CyberStep is not only diversifying its assets but also strengthening its commitment to the decentralized future. This could pave the way for more innovative in-game economies, true digital ownership for players, and new forms of interaction within the Web3 gaming sphere. It positions CyberStep at the forefront of this evolving digital frontier, potentially inspiring other traditional game developers to explore similar paths. What Does This Mean for CyberStep Crypto Holdings? The establishment of CRYPTECH Capital and the accumulation of a substantial CyberStep crypto reserve could have several implications: Enhanced Financial Stability: Holding major cryptocurrencies like BTC and ETH can act as a hedge against inflation and offer diversification from traditional fiat currencies. Future Investment Opportunities: A strong digital asset base provides capital for future Web3 projects, acquisitions, or partnerships. Industry Leadership: By proactively embracing crypto, CyberStep solidifies its position as an innovator in the gaming and tech sectors. Player Engagement: The integration of Web3 elements could lead to more engaging and rewarding experiences for players, potentially increasing user retention and growth for games like Toreba. This strategic decision reflects a growing confidence among established companies in the long-term value and utility of digital assets. CyberStep’s ambitious venture into building a significant crypto reserve through CRYPTECH Capital is a clear signal of the evolving landscape where gaming, technology, and finance intertwine. This Japanese game developer is not just observing the Web3 revolution; it’s actively participating, aiming to secure its financial future and innovate within the digital realm. Their strategic approach, focusing on major cryptocurrencies and a phased investment, sets a compelling example for other traditional businesses considering a leap into the decentralized world. As the digital economy continues to expand, CyberStep’s proactive stance positions it for remarkable growth and influence in the years to come. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Ethereum institutional adoption. This post Japanese Game Developer CyberStep Pioneers Ambitious $6.96M Crypto Reserve for Web3 Future first appeared on BitcoinWorld and is written by Editorial Team
US-listed Webus International Limited has announced that it has signed a senior equity credit line agreement with Ripple Strategy Holdings for up to $100 million. According to the press release, the financing will be used as part of Webus’ strategy to increase its XRP reserves. Webus operates as an AI-powered mobility solutions provider that offers customizable luxury chauffeur services globally. The credit line reflects Webus’ confidence in its XRP-based growth strategy, said CEO Nan Zheng. “This $100 million facility minimizes shareholder dilution by allowing us to raise capital only when we need it, as we aim to accelerate our growth in North America and Asia Pacific,” Zheng said. Related News: Binance Founder Changpeng Zhao Reveals He Sent Vitalik Buterin $10 Million Worth of BNB - Here's Why According to the agreement, the company will be able to use funds in tranches ranging from $250,000 to $3 million, depending on market conditions and capital needs, under the credit line that will be valid for 24 months. The structure is designed to be shareholder-friendly with market-based competitive pricing and downside protection features. It was announced that the funds to be obtained will be used for XRP-supported payments, blockchain-based loyalty programs and other global expansion initiatives. Following the announcement, Webus shares rose as much as 87% but have since pared back some of those gains. *This is not investment advice. Continue Reading: Ripple-backed Company’s $100 Million XRP Announcement Causes a Stir
The cryptocurrency market faces challenges due to U.S. political and economic actions. Continue Reading: Trump’s Decisions Shake Cryptocurrency Markets The post Trump’s Decisions Shake Cryptocurrency Markets appeared first on COINTURK NEWS .