Cryptocurrency
ALT5 Sigma Corporation (NASDAQ: ALTS) announced its support for the GENIUS Act, new U.S. legislation establishing a regulatory framework for stablecoin issuance and oversight. The Las Vegas-based fintech company provides blockchain-powered payment and trading infrastructure for merchants and financial institutions.
"We believe this legislation marks a turning point," said Peter Tassiopoulos, CEO of ALT5 Sigma. "With a clear legal foundation now in place, U.S. enterprises... (continue reading...)
Pop Culture Group Co., Ltd. (NASDAQ: CPOP) announced plans to enter the cryptocurrency sector with initiatives set to launch in July 2025. The Chinese cultural content company stated it aims to integrate cryptocurrency payment solutions into its business operations.
The company cited three reasons for the move: implementing efficient payment systems with lower transaction costs for global ticketing and merchandise, integrating cryptocurrency technology across operations... (continue reading...)
MEI Pharma Inc. (NASDAQ: MEIP) announced it has entered into securities purchase agreements for a private investment in public equity valued at approximately $100 million. The pharmaceutical company plans to use the entire net proceeds to acquire Litecoin as its primary treasury reserve asset.
The transaction involves the sale of 29,239,767 shares of common stock at $3.42 per share. Charlie Lee, the founder of Litecoin, and GSR served as lead investors in the placement.... (continue reading...)
By Medha Singh
(Reuters) -Crypto-focused stocks rose on Friday, after ether hit a six-month high on the passage of a stablecoin bill by the U.S. House of Representatives.
The bill, expected to be signed into law by President Donald Trump, marks a watershed for the digital asset industry, which has long pushed lawmakers to create rules for digital assets, arguing that a clear framework could drive a wider usage of stablecoins and other crypto... (continue reading...)
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