Toronto, CA, March 4th, 2025, Chainwire The Company has successfully strengthened their ability to focus entirely on opportunities within the Solana ecosystem SOL Global Investments Corp. (CSE: SOL) (FSE: 9SB) (“SOL Global” or the “Company”), one of the first publicly traded companies focused on institutional Solana investments, is pleased to announce the completion of its previously announced reorganization of assets and liabilities, whereby, among other things, the Company has transferred all of its assets other than its native Solana token assets (“Solana”), together with certain of its liabilities, into a newly formed entity (the “Reorganization”). The Company’s strategic reorganization is designed to enhance business focus on blockchain innovation, including its significant position in Solana, and decouple its new strategic approach from its historical liability. Completion of the Reorganization Pursuant to the terms of the Reorganization, SOL Global has transferred all of its assets other than Solana assets (collectively the “Transferred Assets”) together with certain of its liabilities (collectively, the “Transferred Liabilities”, and together with the Transferred Assets, the “Vehicle Portfolio”), into a newly created special purpose vehicle (the “Asset Vehicle”) in exchange for non-voting common shares in the capital of the Asset Vehicle (the “Non-Voting Common Shares”). In connection with the Reorganization, all secured liabilities, secured obligations and other security interests granted in favour of Braebeacon Holdings Inc. (the “Secured Party”) by SOL Global and a former partially-owned subsidiary, House of Lithium Ltd. (“HOL”), were assumed by the Asset Vehicle together with the Vehicle Portfolio in accordance with the terms and conditions of an assumption and amending agreement dated February 28, 2025 between, among others, the Company, the Secured Party, the Asset Vehicle and HOL (the “Assumption Agreement”) with respect to a loan that had been granted by the Secured Party to SOL and HOL in accordance with the terms of a loan agreement dated August 6, 2021, as amended from time to time (the “Loan Agreement”). After giving effect to the Reorganization, SOL is the sole holder of all Non-Voting Common Shares, and the second lien lender under the Loan Agreement (the “Second Lien Lender”), is the sole holder of all voting common shares in the capital of the Asset Vehicle (the “Voting Shares”). As a result of SOL Global holding all of the Non-Voting Common Shares of the Asset Vehicle, any possible gain in the Transferred Assets will be largely held by SOL Global, however, SOL Global will not hold any voting rights in the Asset Vehicle. All of the Voting Shares issued and outstanding after giving effect to the Reorganization are held by the Second Lien Lender. In accordance with the terms of the Assumption Agreement, the Asset Vehicle will operate as an independent entity, SOL Global will no longer be liable for the Transferred Liabilities, and such Transferred Liabilities will no longer appear on SOL Global’s balance sheet. The Company intends to invest the remaining cash following the disposition of the Vehicle Portfolio for additional Solana tokens. Following the completion of the Reorganization, the only assets held in SOL Global’s portfolio will be its Solana assets and its equity position in the Asset Vehicle. SOL Global is an investment issuer listed on the Canadian Securities Exchange (the “CSE”) that has applied to list on the Nasdaq exchange in order to expand its investor base and access to new capital and financing opportunities. SOL Global holds certain portfolio assets which, after giving effect to the Reorganization, consist predominately of blockchain tokens, initially consisting only of Solana tokens. The Transferred Assets consist of securities of mainly electric vehicle companies together with certain real estate assets. While the change in focus of portfolio assets does represent a new strategic direction of the Company to increase the value of its portfolio, SOL Global will continue to be an investment issuer and may change the strategic focus of its portfolio at any time, including investing in portfolio assets other than blockchain tokens. Strategic Investment in Blockchain Innovation SOL Global’s investment strategy is centered on strategic positioning for long-term success, including leveraging blockchain’s growth trajectory in this rapidly evolving sector. Solana’s competitive advantage lies in its scalability and efficiency, offering high-speed transactions with low fees. Its integration with major platforms, wallets, and blockchain networks enhances interoperability, driving broader adoption. For Further Information Users Can Contact: SOL Global Investments Corp. Paul Kania, Interim CEO, CFO Tel: (212) 729-9208 Email: info@solglobal.com Website: https://solglobal.com/ About SOL Global Investments Corp. SOL Global is pioneering institutional investment in the Solana ecosystem. As one of the first publicly traded companies globally focused on Solana investment, SOL Global aims to provide unprecedented public exposure to the Solana blockchain through token acquisition, staking for yield generation, and investments in early-stage ventures being built on Solana. Caution Regarding Forward-Looking Information This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking information in this press release includes, but is not limited to, the Company's expectations related to its Solana assets, liabilities and equity position following the completion of the Reorganization; the Company's expectations regarding blockchain technology, including Solana blockchain and technologies, and the expected yield associated therewith; the Company's investment strategies; statements related to investor interest and confidence in digital assets, in particular in Solana; and statements related to the expected growth and adoption of the Solana ecosystem and decentralized finance. Forward-looking information reflects the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies, including the speculative nature of cryptocurrencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company's ability to execute on its business and investment plans; the Company's ability to raise debt or equity through future financing activities; the Company's ability to increase its investments in the Solana blockchain and Solana-based technologies; any adverse changes and developments in the Solana blockchain and ecosystem; the growth and development of decentralized finance and the digital asset sector; any new rules and regulations with respect to decentralized finance and digital assets; the inherent volatility in the prices of certain cryptocurrencies including Solana tokens; increasing competition in the crypto and blockchain industries; general economic, political and social uncertainties in Canada and the United States; currency exchange rates and interest rates; the limited resources of the Company; the Company's reliance on the expertise and judgment of senior management and the Company's ability to attract and retain key personnel; the speculative nature of cryptocurrencies in general; and the Company's ability to continue as a going concern. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on the forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. ContactInterim CEO & CFOPaul KaniaSOL Global Investments Corp.paul@solglobal.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
On March 4th, AAVE experienced a notable uptick of over 7%, with the token currently priced at $187.49. This surge is attributed to a recent proposal from the Aave community,
The downtrend in the Open Interest and the price in the past three months highlighted bearish market sentiment.
Bitcoin’s Surge Sparks a New Wave of Investment Opportunities With Bitcoin (BTC) eyeing a potential run to $1M, investors are looking for the next big crypto with massive upside potential. While XRP, Solana (SOL), and other altcoins are gaining momentum, a new contender is quickly becoming a must-watch investment— OFFICIALMAGACOIN . Having already raised over $3 million in presale, OFFICIALMAGACOIN is proving to be a high-growth opportunity with a limited supply and strong investor interest. Could this be the next 1000x crypto? Why OFFICIALMAGACOIN Could Be the Best Crypto Investment of 2025 Over $3 Million Raised – Massive investor confidence is fueling demand. 1000x Growth Potential – Analysts predict this could be one of the biggest gainers in 2025. Exclusive Early Access – Only available at OFFICIALMAGACOIN , giving early buyers the best pricing. 50% BONUS OFFER – Invest now and use code “MAGA50X” to receive 50% extra tokens on your purchase! THE NEXT 1000X CRYPTO – CLICK HERE TO JOIN N OW! How Do Other Cryptos Compare? Cardano (ADA): A smart contract platform with long-term potential but slower adoption than expected. Solana (SOL): A high-speed blockchain, leading in DeFi and NFTs but facing network stability issues. Arbitrum (ARB): A top Ethereum Layer-2 scaling solution, helping reduce gas fees and improve speed. Near Protocol (NEAR): A next-gen blockchain with strong developer support but still growing its ecosystem. Why Smart Investors Are Betting on OFFICIALMAGACOIN While ADA, SOL, ARB, and NEAR are strong cryptos, early-stage projects like OFFICIALMAGACOIN offer the best potential for exponential growth. With presale tokens selling out fast, this could be the last chance to buy at the lowest price before a major surge. LIMITED TIME ONLY! USE PROMO CODE MAGA50X TODAY FOR A 50% EXTRA BONUS! Final Call—Get In Before Prices Skyrocket! With millions already raised and a limited number of presale tokens remaining, the window to buy at under $0.20 is closing fast. Early investors always see the biggest returns—don’t miss out on what could be the best crypto opportunity of 2025! CLAIM YOUR 50% BONUS NOW AT OFFICIALMAGACOIN WITH CODE “ MAGA50X “! Website: OFFICIALMAGACOIN X/Twitter: https://x.com/officialMAGAx Continue Reading: Bitcoin & XRP Holders Agree: These 5 Altcoins Are Positioned for a Massive Breakout
As Japan opens its doors to foreign stablecoins and industry experts debate their role in blockchain legitimacy, the cryptocurrency landscape continues to evolve. SBI VC Trade has secured approval to process USDC transactions, positioning itself as a pioneer in Japan’s stablecoin market. Meanwhile, crypto analyst ZachXBT has sparked discussion by suggesting that the presence of major stablecoins is a key indicator of a blockchain’s legitimacy, drawing responses from Cardano and XRP Ledger proponents. SBI VC Trade Becomes First Japanese Platform to Support USDC as Stablecoin Regulations Loosen SBI VC Trade, a subsidiary of financial conglomerate SBI Holdings, has officially secured registration to support Circle’s USDC stablecoin. The move comes amid a broader regulatory shift in Japan, allowing foreign stablecoins greater accessibility within the financial system. On March 4, SBI VC Trade announced that it had completed the first stage of registration for stablecoin transactions, paving the way for the platform to process USDC transactions. The registration approval positions SBI VC Trade as a pioneering financial platform in Japan, with plans to roll out USDC trading in phases. A trial launch for selected users is set for March 12, followed by a broader rollout in the near future. Confirming the milestone, SBI VC Trade CEO Tomohiko Kondo took to X to share that the company had received notification from the Kanto Regional Financial Bureau’s Tokyo office regarding its registration as an electronic payment instrument trading business operator. “SBI VC Trade has become the first and only company in Japan to obtain a so-called stablecoin license,” Kondo stated, emphasizing the firm’s commitment to expanding USDC support. SBI VC Trade’s latest announcement marks a key moment in Japan’s evolving regulatory framework around stablecoins. The country had previously imposed a ban on foreign stablecoins, limiting their circulation within its financial ecosystem. However, a regulatory shift in 2023 lifted these restrictions, allowing foreign stablecoins to gain footholds in the Japanese market under specific compliance guidelines. This regulatory relaxation was reinforced in February when Japan’s Financial Services Agency (FSA) approved a report from a working group that recommended easing regulations surrounding stablecoins. These policy changes are expected to facilitate smoother integration of stablecoins into the financial system, particularly in remittance and settlement services. The approval for SBI VC Trade to process USDC transactions aligns with broader sentiments from Japan’s financial authorities. On the same day as SBI’s announcement, Financial Services Agency Commissioner Hideki Ito expressed his support for stablecoin adoption in Japan during the Fin/Sum 2025 event at Japanese Fintech Week. “Stablecoins are used soundly for the sophistication of remittance and settlement. I hope it will be done,” Ito stated in his speech , reinforcing Japan’s commitment to leveraging stablecoins for financial innovation. SBI Holdings and its subsidiaries have long been involved in digital asset adoption. The firm has engaged in numerous partnerships with US-based companies, including Ripple, which has played a key role in facilitating cross-border payments and blockchain innovations. Expanding Crypto Offerings at SBI VC Trade SBI VC Trade has already established itself as a major player in Japan’s cryptocurrency sector. The platform supports an array of digital assets, including Bitcoin (BTC), Ether (ETH), and XRP. With the addition of USDC, SBI VC Trade strengthens its offerings, providing users with access to one of the most widely used stablecoins in global cryptocurrency markets. The introduction of USDC trading on SBI VC Trade signals Japan’s increasing openness to digital assets and blockchain technology. As regulatory frameworks continue to evolve, Japan could emerge as a key market for stablecoin adoption, facilitating faster and more efficient financial transactions within its economy. The integration of USDC into SBI VC Trade’s platform represents a pivotal moment for stablecoins in Japan. With regulatory approval in place and a gradual rollout planned, SBI VC Trade is set to lead the charge in Japan’s stablecoin adoption. As Japan’s financial authorities continue to refine their stance on digital assets, the move could pave the way for broader cryptocurrency adoption across the country’s banking and financial sectors. Stablecoin Presence as a Legitimacy Indicator: ZachXBT Sparks Debate in Crypto Community In related news, crypto security analyst and Paradigm adviser ZachXBT has ignited discussions in the blockchain space by suggesting that the presence of stablecoins from major issuers like Circle, Tether, and Paxos is a key metric for determining a blockchain’s legitimacy. His remarks followed an announcement by US President Donald Trump on March 2, in which he revealed plans to include select digital assets in the country’s strategic crypto reserves. The list of assets comprised Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and Cardano (ADA). On March 3, ZachXBT pointed out that neither Cardano nor the XRP Ledger (XRPL) currently hosts a supply of major stablecoins. He argued that if stablecoin issuers identified real economic value on these networks, they would have already integrated their stablecoins into them. According to ZachXBT, the presence of USDC, USDT, and Paxos stablecoins on a blockchain is a strong indicator of its legitimacy, as these issuers would naturally gravitate toward networks that offer substantial financial activity and adoption potential. The absence of these major stablecoins on Cardano and XRPL, he suggested, raises questions about their real-world utility and adoption. Cardano Foundation CEO Frederik Gregaard responded to these remarks in a statement, dismissing the notion that stablecoin circulation alone determines a blockchain’s legitimacy. Gregaard emphasized that legitimacy in blockchain is multifaceted and should be measured by factors such as security, decentralization, sustainability, development activity, real-world utility, and community engagement. Gregaard also pointed out that while major stablecoins like USDT and USDC are not natively issued on Cardano, they can still be utilized through the Wanchain Bridge. He noted that as Cardano’s transaction adoption and technical capabilities expand, major stablecoin issuers will likely take greater interest in integrating their assets into the network. “As transaction adoption increases and our capabilities expand, we anticipate growing interest from major stablecoin issuers, reflecting the maturity of the Cardano blockchain,” Gregaard stated. Additionally, he expressed the foundation’s openness to collaborating with stablecoin issuers to attract more stablecoins to the ecosystem. Despite the lack of direct stablecoin issuance from Circle, Tether, or Paxos, both the Cardano and XRP Ledger ecosystems have developed their own stablecoin offerings. In December 2024, Ripple introduced RLUSD, a stablecoin that was approved by the New York Department of Financial Services. RLUSD is already being traded on exchange platforms such as Uphold, MoonPay, Archax, and CoinMENA, with Ripple President Monica Long confirming plans to expand its availability to major exchanges. Similarly, Cardano has made strides in the stablecoin sector with the launch of Djed (DJED) in 2022. DJED is an overcollateralized stablecoin backed by ADA and uses Shen (SHEN) as a reserve asset. As of early 2024, Cardano also integrated the fiat-backed stablecoin USDM, which was hailed by the Cardano community as a major milestone. Chris Larsen’s XRP Holdings and the Market Impact ZachXBT also turned his attention to Ripple’s co-founder, Chris Larsen, revealing that wallet addresses linked to Larsen still hold approximately 2.7 billion XRP, valued at around $7.12 billion at current market prices. The revelation has sparked speculation over potential market impacts, particularly in light of past transactions from these wallets. According to ZachXBT, these wallets transferred roughly $109 million worth of XRP to exchanges in January, suggesting that additional sales could be on the horizon. However, he also noted that some of these addresses have remained dormant for over six years, leading to speculation that Larsen may have lost access to some of the funds or transferred them as early as 2013. Notably, in January 2024, Larsen suffered a major security breach when hackers stole 213 million XRP, valued at approximately $112.5 million at the time. The debate surrounding stablecoins and their role in blockchain legitimacy highlights a key division in the crypto industry. On one hand, proponents of stablecoin-centric metrics argue that liquidity and integration with top stablecoins are necessary indicators of a blockchain’s adoption and utility. On the other, industry leaders like Gregaard believe that legitimacy should be assessed through a broader set of criteria. While XRP Ledger and Cardano may lack direct support from major stablecoin issuers, their ongoing developments in the stablecoin space suggest that both networks are positioning themselves for future integration. As the cryptocurrency landscape continues to evolve, stablecoins will likely play an increasingly important role in shaping the competitive dynamics of blockchain ecosystems.
Turkish banks have been increasingly moving into crypto by offering investment in diverse crypto assets to their clients, with BankPozitif as the latest bank.
Cryptocurrency custody firm Taurus, which counts the likes of Deutsche Bank and State Street among its clients, has expanded its footprint to Turkey. Taurus is now providing custody services to Istanbul-based BankPozitif, marking the first such time a Turkish bank has implemented institutional-grade digital asset infrastructure, according to an emailed announcement on Tuesday. As well as implementing Taurus' flagship custody tool, the bank will also use its "EXPLORER" service, which provides blockchain node and indexing infrastructure, allowing it to connect to public and permissioned blockchains. Turkey represents an exciting market for Taurus, according to co-founder Lamine Brahmi, who cited the country's "high adoption rates, increasing institutional interest, and constructive regulatory frameworks," as ideal conditions for digital asset banking. Economic problems in Turkey has buoyed crypto adoption in recent years as users have turned to cryptocurrency as a lifeline against double-digit inflation . Read More: Custody Firm Taurus Partners With Temenos Bringing Crypto Wallets to Thousands of Banks
The cryptocurrency market is known for its volatility, but even with the regular ups and downs, some tokens truly stand out when it comes to making big moves. One of those tokens is $CRO , the native crypto of Crypto.com’s Cronos blockchain, which just so happens to hit the news quite a bit. Just over the past 24 hours, $CRO has soared by 40% to now sit at 10 cents with a market cap around $2.6 billion. This is undoubtedly related to a new token issuance proposal that is making its way around the ears of both investors and the crypto community at large. The proposal states that Cronos is reissuing 70 billion $CRO tokens, which had previously been burned back in February 2021. It’s all part of a larger scheme by the company to build a strategic reserve, which is something that’s gaining a lot of traction as a concept in the crypto market. The Token Issuance Proposal: A Key Driver for the $CRO Surge The recent surge in $CRO’s price can be attributed to the excitement surrounding Crypto.com’s proposal to reissue 70 billion $CRO tokens. These tokens were originally burned two years ago as part of a token reduction strategy to reduce the overall supply of $CRO and create scarcity, a tactic commonly used in the cryptocurrency market to increase the value of a token. Now, Crypto.com is taking the opposite approach by restoring the total supply of $CRO to its original 100 billion tokens. This decision has generated considerable interest in the market, and in response, the price of $CRO has rallied. The concept of strategic reserves is heating up, with CRO surging nearly 40% On March 3, $CRO surged nearly 40%, now priced at $0.10 with a market cap of $2.6B, likely driven by the new token issuance proposal. https://t.co/k5dkpU1Wvg 's Cronos project plans to reissue 70B… pic.twitter.com/yAT8YpnhXS — Followin (@followin_io) March 3, 2025 New tokens will be issued as part of a strategic reserve that will lock up these assets for the period of 10 years. They will be released in a linear unlock over the first 10 months of their existence, with the first monthly unlock happening 1 month after they are issued. They will lock up for 10 months total and then be spaced out in terms of timing, and never in large quantities at once, and that is the main way by which the reserve and unblocking process is supposed to not harm $CRO too much. For many investors, a strategic reserve is very appealing indeed. When you stake $CRO, part of what you are doing is locking up some of its total supply for a fairly long time. By doing this, you are giving a reliable signal that you are in it for the long haul, that you are not in some sort of get-rich-quick scheme where you unload as soon as the thing starts taking off. About a week ago, the company announced that it was going to start unlocking some of the newly issued $CRO that you might have staked back in 2020 or 2021. Still with me? Good. Because there is hanging on this announcement the question of what is going to become of the market for $CRO now that it is no longer a staking yield, but rather much more like a cash settlement to a futures contract. The Growing Popularity of Strategic Reserves in the Crypto Market Strategic reserves is a not totally novel idea in the crypto world, but it’s gaining traction. In what might be the first move of its kind by a cryptocurrency service provider, Crypto.com has gone and locked up in reserve some $10 billion worth of its own native cryptocurrency, the CRO (Crypto.com Coin). When you buy something using CRO, the company’s argument goes, you are helping to ensure that CRO has a long-term future. Because locking up $10 billion in reserves is probably not something you can pull off unless you’re a company with a vault full of cryptocurrencies. There are many possible advantages to having strategic reserves. For one thing, they assure us long-term holders that a substantial part of the token supply is safe and sound, not being traded this way or that, and that’s good for market stability. It’s much better, for example, if large holders (a.k.a. “whales”) can’t suddenly flood the market with a lot of sell orders. And it’s also much better if they can somehow manage their token supply more predictably. That is, these reserves could help avoid any sort of unpredictable market flow from the token’s supply. This recent development gives $CRO holders reason to feel optimistic, as it indicates that Crypto.com is adopting a proactive and sensible approach to its tokenomics. Furthermore, the reintroduction of the burned tokens, through the strategic reserve, could create a short-term sense of scarcity, which is often a “powder keg” for triggering price increases. In summary, there are two reasons to see this as a potentially positive development. What Does the Future Hold for $CRO? Undoubtedly, the immediate effect of the token issuance proposal on $CRO’s price is good, yet it might not be all that it seems. As good as it looks, can we really expect this price to hold up? Sure, the $CRO price reaching an all-time high has to be seen as an accomplishment, yet as they say: what goes up must come down, at least in the short term. Even so, one has to look at the token issuance proposal’s price effect and consider the other side of price effects: the long-term price effect. A major factor that could influence the success of this initiative is the demand for $CRO and the Cronos blockchain. Crypto.com has moved strongly to expand not only its set of offerings but also its user base, with the Cronos blockchain serving a not-so-small range of decentralized finance (DeFi) applications, NFTs, and other services that run on the blockchain. If Crypto.com can keep pushing the adoption of $CRO and the use of its ecosystem, then the value of this token should trend up over time. Conversely, the future of $CRO will significantly be decided by market conditions, competition from other blockchain platforms, and other large-scale economic factors. The crypto market is infamously unstable, and while a strategic reserve is a nice idea, there’s no reason to think that $CRO isn’t just riding an upward wave that it will inevitably come down from. To conclude, the recent surge in $CRO’s price is inarguably a result of Crypto.com’s clever maneuver of reissuing 70 billion tokens that had been held in vesting and staking contracts as part of its strategic reserve. This has generated quite a bit of hype in the investing community, with the potential to enhance both long-term stability and scarcity for $CRO, as the token now has even more potential to serve both use cases. And because this announcement is just the tip of the iceberg, with even more good news supposedly to come, excitement about the overall Cronos ecosystem seems to be at an all-time high. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any project. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, and Metaverse news! Image Source: peshkov/ 123RF
Milo continues to lead in crypto financing, reinforcing real-world utility for digital assets. MIAMI, March 4, 2025 /PRNewswire/ — Milo , a financial technology company and pioneer in crypto mortgage lending, has surpassed $65 million in total loan volume, highlighting the increasing demand for alternative financing. To date, Milo has originated over $250 million in mortgages across its various loan products, underscoring its expertise and the growing market interest in its innovative lending solutions. “Our mission is to bridge digital assets with real estate and build long term wealth,” said Josip Rupena, CEO and founder of Milo. “For many of our clients, fiat liquidity alone isn’t sufficient to qualify for a mortgage. We’re proud to redefine mortgage eligibility by allowing their Bitcoin wealth to count. As Bitcoin demand continues to rise, our solution becomes even more essential, enabling our clients to keep their Bitcoin forever and finally buy a home.” Milo offers up to 100% financing on home purchases, with loan amounts up to $5 million, eliminating the need for a cash down payment. By pledging digital assets as collateral, clients can invest in real estate while maintaining exposure to crypto appreciation. Milo safeguards client assets through industry-leading custodians Coinbase and BitGo while operating under strict regulatory oversight as a Soc2-compliant licensed lender. Miami Mayor Francis Suarez, the first mayor to receive his salary in Bitcoin and secure a crypto mortgage, praised Milo’s innovation: “Milo’s crypto mortgage let me buy property without selling my Bitcoin. This is the future of finance, and it’s happening in Miami.” Milo’s impact extends beyond home financing. Clients have built an additional $50 million in Bitcoin wealth by avoiding forced liquidations for down payments. The company has also returned over $30 million in Bitcoin to clients who have paid down or repaid their loans. Notably, Milo has never issued a margin call, even during extreme market volatility, underscoring its commitment to financial stability and responsible lending. Expanding Crypto Lending Solutions In addition to its crypto mortgage offerings, Milo recently introduced a crypto loan designed for digital asset holders seeking liquidity beyond mortgages. Soft-launched in Q4 2024 to its existing customer base, this product allows clients to borrow against their crypto holdings without selling, maintaining long-term investment potential. This expansion aligns with Milo’s vision of helping clients unlock financial flexibility while retaining ownership of their digital assets. Looking ahead, Milo is preparing to introduce additional lending solutions that cater to the evolving needs of digital asset investors. As the crypto market matures, Milo remains committed to pioneering innovative financial products that integrate digital assets into everyday financial decisions. About Milo Milo is a financial technology company reimagining access to financial solutions for digital asset holders. Leveraging proprietary technology and deep industry expertise, Milo created the first crypto mortgage and has originated millions in loans, providing real-world utility for crypto investors. Milo’s investors include M13, QED Investors, Metaprop, 10X Capital. For more information, visit www.milo.io . Media inquiries , info@pitchpublicrelations.com or press@milo.io .
In the last 11 days, the decentralized exchange token, $UNI , has experienced outflows that have caught the attention of institutional investors and resulted in a price downturn. Approximately 7.33 million tokens worth around $63.18 million have been sent from Galaxy Digital, a no-small-fish in the cryptocurrency investment world, to major exchanges like Binance and OKX. While that’s quite a bit of sending, it’s also important to note that the price of $UNI has fallen in tandem—down from the $9.50 range to as low as $7.10—with only a tepid uptick from exchanges like Binance in terms of refunding $UNI to the exchange’s customers. Understanding the Outflows: Galaxy Digital’s Move and Market Impacts Moving 7.33 million $UNI tokens from Galaxy Digital to exchanges has raised some eyebrows and with good reason. Galaxy Digital is very well connected to the crypto world, to the point where most of the moves it makes tend to influence the market quite a bit. It just so happened that on November 6, 2023, Galaxy decided that it was time to move a massive amount of $UNI to places like Binance and OKX. Making this move during a time of high selling pressure for the overall crypto market—and for the $UNI token in particular—also leads to another reasonable question: Why now? The outflow from Binance, one of the major cryptocurrency exchanges, was substantial. Nevertheless, Binance did not see a large amount of $UNI being withdrawn, which could set up a bullish case for $UNI. If there are not significant amounts of $UNI being taken off of exchanges, that could mean that holders do not intend to sell in the short term. However, these events that have taken place in conjunction have cast a slight shadow over the sentiment of $UNI. In this period, the token’s value has significantly decreased. Having hit a high of $9.50, $UNI has now dropped to a low of $7.10, giving it a 25% decline overall. The price movement has gotten the attention of not just retail but also many institutional investors. They are now closely watching the token for signs that it may have put in a bottom. The Accumulation Zone: A Key Support Level for $UNI In the recent price decline, $UNI may have hit a crucial support zone, which has historically been a springboard for bullish reversals. Currently, the price of $UNI is stuck in a range between $5.43 and $7.00, a range that points to a crucial support level, where buyers have stepped in to accumulate the token in previous cycles. Until recently, the price of $UNI had been bouncing along this level on the way up. Those investors who have been closely observing $UNI will probably be turning their attention to this support zone as a potential entry point. When a token makes a significant retracement to a well-established support level, it’s usually seen as a buying opportunity for anyone who believes in the long-term prospect of the asset. The $5.43 to $7.00 range is viewed by many as a “strong long accumulation zone,” suggesting that $UNI may have hit a price point from which bullish momentum could be reignited. 在最近 11 天里，已有 733.1 万枚的 $UNI ($63.18M) 从 Galaxy Digital 流入 Binance 跟 OKX。 而同时期并没有大量的 UNI 从 Binance 提出，UNI 价格也在此期间由 $9.5 下跌最低到过 $7.1。 https://t.co/IWbjhXOfZv 本文由 #Bitget ｜ @Bitget_zh 赞助 https://t.co/cJz4QWOavz pic.twitter.com/nmdO7MsPVt — 余烬 (@EmberCN) March 3, 2025 Whether $UNI can uphold its position in this support zone and steer clear of further downward moves is the crucial question for traders and investors. This range has shown impressive resilience, with recent price action demonstrating a tendency for $UNI to reverse its downtrend upon hitting the lower edge of the support zone. So, if you believe in $UNI’s long-term potential, now could be a sweet accumulation opportunity. Looking Ahead: Can $UNI Bounce Back? The recent price drop has left many in the market uncertain of $UNI’s future direction. Will it keep retracing like most of the other digital assets or will it finally respect the multiple layers of support it has around the $5.43 to $7.00 price range and bounce back? There’s no way to know for sure in this supercharged market, but some observers suspect that $UNI might be readying itself for a recovery after the latest leg of the overall crypto downtrend took it to the $5 area. Moreover, the outflows from Galaxy Digital and the low withdrawal activity from Binance suggest that the larger players in the crypto market are not ready to abandon $UNI yet. Similarly, if the demand for $UNI picks up in the next few days, especially within the key support zone, we might see a reversal in the token’s fortunes, pushing its price back over the $8.00 mark and possibly beyond. For those keeping an eye on $UNI, the current price levels might present a tempting chance to acquire the token at a discount. But the cryptocurrency market remains as uncertain as ever, and investors should adhere to the old adage that you must diversify to survive… in this case, by not only diversifying your portfolio of cryptocurrencies but also keeping a close watch on the not-so-distant past and an even closer watch on the present and future. What’s happening with the market as a whole? With Bitcoin? With Ethereum? These are matters of life and death for $UNI. To sum up, the recent decline in the price of $UNI, together with the large outflows from Galaxy Digital, has put the token in a historically significant support zone. The potential exists, of course, that this is just a support zone in a bear market and will be lost like so many other support zones in this cycle. But it is also possible that this is a base from which $UNI might stage a strong rebound. If it does, that strong rebound would make it a good candidate for anyone looking to capitalize on a future uptrend. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or using any service. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, and Metaverse news!