In an exciting development for the Web3 entertainment landscape, HELLO Labs, a pioneering Web3 entertainment company, has announced a strategic partnership with MarketAcross, the leading blockchain PR and content marketing agency globally. This collaboration aims to catapult the innovative Web3 television series “Killer Whales” into the global spotlight, leveraging MarketAcross’s expertise as the official PR partner to bring the show’s unique narrative to audiences worldwide.
Amplifying the Narrative HELLO Labs, founded by Hollywood producer and Grammy-nominated creative director Paul Caslin, is at the forefront of creating premium Web3 entertainment content. As the executive producer and owner of “Killer Whales,” HELLO Labs bridges the gap between Web2 and Web3, ensuring transparency and factual reporting.
“Killer Whales” is not your ordinary reality TV show. It offers a platform where aspiring entrepreneurs present their crypto and NFT projects to a panel of seasoned industry professionals, the eponymous Killer Whales. This series is crafted to blend Hollywood-grade entertainment with educational content, demystifying the Web3 world for the mainstream audience by highlighting both the opportunities and risks within the crypto and NFT space.
MarketAcross, recognized as the “Official PR Partner of Killer Whales,” has carved its niche as the foremost blockchain PR and marketing firm worldwide. With over a decade of experience in the blockchain industry, MarketAcross stands as a beacon of success in PR and content marketing. MarketAcross has played a crucial role in building the brands of major blockchain projects and exchanges, reinforcing its position as an indispensable asset in bringing “Killer Whales” to a global audience.
The firm’s strategic approach, rooted in its deep connections with premier media outlets, venture firms, and thought leaders across the industry, is set to play a pivotal role in enhancing the visibility of “Killer Whales” on a global scale. From crafting compelling content strategies to leveraging its vast media relations, MarketAcross is poised to ensure the show’s narrative not only cuts through the noise but resonates with audiences worldwide.
A Visionary Collaboration Distinctively, “Killer Whales” shifts the focus from mere investment in projects to educating and informing the public about the latest technologies and business models within the Web3 ecosystem. By integrating Web3 projects, blockchain technology, and celebrity talent with Hollywood production standards, “Killer Whales” is set to transcend the crypto niche, making a mark on the general public’s consciousness.
Sander Gortjes, the Executive Producer of “Killer Whales” and CEO at HELLO Labs, expressed his enthusiasm for the partnership, stating, “Having spent 20 years in entertainment, marketing, entrepreneurship, and running campaigns for the top 1000 companies globally, I’m excited to work with what I consider the best PR firm for Web3 companies. MarketAcross brings a wealth of experience that complements our vision for “Killer Whales.”
Echoing this sentiment, Nadav Dakner, CEO of MarketAcross, highlighted the synergy between the two companies, “We’re thrilled to be the official PR partner of ‘Killer Whales.’ Working with an industry-changing project and show like this aligns perfectly with our commitment to visibility. We look forward to amplifying the narrative of ‘Killer Whales’ globally.”
“Killer Whales” upholds a strong commitment to transparency, with participating projects incurring no financial burden and all parties adhering to strict NDAs and non-investment clauses. The show is scheduled to premiere on the HELLO TV Web3 platform on February 8th featuring weekly episodes, before broadening its reach to various streaming platforms and broadcasting networks from March 11th.
This partnership between HELLO Labs and MarketAcross marks a significant milestone in the evolution of Web3 entertainment, promising to bring the intriguing world of crypto and NFTs closer to the mainstream through the captivating narrative of “Killer Whales.”
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
While Killer Whales is crypto's version of Shark Tank, the show does not focus on investing in projects but on educating the masses on the rewards and risks of web3.
Web3 entertainment company HELLO Labs has entered a partnership with blockchain PR and content marketing agency MarketAcross to launch a crypto television series called Killer Whales.
According to a press release seen by CryptoPotato, MarketAcross has become the official PR partner of Killer Whales and will help HELLO Labs propel the show’s entertaining narrative to global audiences.
HELLO Labs and MarketAcross Unveil Killer Whales Killer Whales is a reality show for entrepreneurs to pitch their crypto and non-fungible token (NFT) projects to a panel of experts from different spheres of the industry. These experts are called the whales. The show aims to deliver quality entertainment while educating the masses on the rewards and risks of web3.
Sander Gortjes, executive producer of Killer Whales and CEO of HELLO Labs, said: “Having spent 20 years in entertainment, marketing, entrepreneurship, and running campaigns for the top 1000 companies globally, I’m excited to work with what I consider the best PR firm for Web3 companies. MarketAcross brings a wealth of experience that complements our vision for “Killer Whales.'”
With over ten years of experience in the media space, MarketAcross will leverage its relationships with venture firms, event organizers, incubators, and premier media outlets to accelerate the visibility of the crypto show.
“We’re thrilled to be the official PR partner of ‘Killer Whales.’ Working with an industry-changing project and show like this aligns perfectly with our commitment to visibility. We look forward to amplifying the narrative of ‘Killer Whales’ globally,” said MarketAcross CEO Nadav Dakner.
Focus on Crypto Education While Killer Whales is crypto’s version of Shark Tank, the show does not focus on investing in projects. The aim is to inform and educate the audiences about new web3 technologies and business models, transcending the crypto sphere and spreading to the general public.
The participating projects will bear no financial burdens regarding the show, and involved parties, including the whales, will sign non-disclosure agreements and non-investment clauses.
Killer Whales is set to premiere on the HELLO TV Web3 platform on February 8, with episodes scheduled to be released weekly. From March 11, the series will be available on various streaming outlets.
Some of the whales include former White House communications director and web3 financier Anthony Scaramucci, YouTube personality and crypto analyst Wendy O, and co-founder of NFT Technologies Mario Nawfal.
In an era where the intersection of entertainment and technology is constantly evolving, a groundbreaking collaboration has emerged that promises to redefine the landscape of Web3 media and entertainment.
HELLO Labs, a visionary media production company, has announced a strategic partnership with Moby Media, setting the stage for an unprecedented fusion of Hollywood-quality storytelling and Web3 innovation.
Unveiling the Partnership: HELLO Labs and Moby Media HELLO Labs, known for its pioneering approach to media production in the Web3 space, has joined forces with Moby Media, a leading name in Web3 media, in a strategic media partnership. The collaboration is aimed at catapulting the visibility of HELLO Labs, its groundbreaking “Killer Whales” TV series, and the $HELLO token into the global arena. Leveraging Moby Media’s extensive network and influence, particularly through X Spaces and other platforms, the partnership is poised to bring quality Web3 projects into the limelight, bridging the gap between traditional Web2 audiences and the burgeoning Web3 ecosystem.
“Killer Whales,” a TV series conceptualized by HELLO Labs, stands as a testament to the fusion of Hollywood-grade production values and the innovative spirit of Web3. Spearheaded by industry stalwarts such as Hollywood Producer and Grammy-nominated creative director Paul Caslin, alongside Entertainment and Marketing expert Sander Gortjes, “Killer Whales” is more than just entertainment; it’s a mission to merge the narratives of Web2 and Web3, making the latter accessible and engaging for a global audience.
A synergy of visionaries: The minds behind the mission The partnership between HELLO Labs and Moby Media is not just a business collaboration; it’s a meeting of minds and visions. At the helm of HELLO Labs is Paul Caslin, a renowned figure in the entertainment industry, whose expertise in creating compelling narratives is now being channeled into the Web3 realm. Alongside him, Sander Gortjes brings a wealth of experience in entertainment and marketing, ensuring that “Killer Whales” resonates with audiences across both Web2 and Web3 platforms.
Moby Media enters the partnership as the official media ally, bringing its significant reach and expertise to the table. With a history of covering the nexus of FinTech, Web3, AI, and gaming, Moby Media is perfectly positioned to amplify the stories and innovations emerging from HELLO Labs. Through dedicated coverage on X Spaces and other channels, Moby Media will spotlight the episodes of “Killer Whales,” provide insights into the $HELLO token, and offer project participants a platform to share their journey.
Bridging worlds: The impact on Web3 and beyond The collaboration between HELLO Labs and Moby Media represents a pivotal moment in the evolution of Web3 media and entertainment. By combining the narrative depth of Hollywood with the technological innovation of Web3, the partnership aims to create a new paradigm for storytelling and audience engagement. The “Killer Whales” series, with its high-quality production and Web3 integration, serves as a flagship project for the vision, showcasing the potential for immersive and interactive entertainment experiences.
Moreover, the partnership is set to play a crucial role in demystifying Web3 for the broader public. Through educational content, engaging storytelling, and transparent communication, HELLO Labs and Moby Media are committed to making Web3 accessible and appealing to a global audience. The initiative not only promises to attract a new wave of enthusiasts into the Web3 space but also fosters a deeper understanding and appreciation of the technological and creative possibilities that it holds.
Conclusion The alliance between HELLO Labs and Moby Media stands as a beacon of innovation, bridging the gap between the established world of entertainment and the frontier of Web3. As the partnership unfolds, it promises to usher in a new era of media production, where stories are not just told but experienced, and where audiences are not just viewers but active participants in the narrative.
Killer Whales is an entertainment product co-produced by HELLO Labs and Binance-owned CoinMarketCap, which borrows heavily from the concept and visual language of the more popular shows Shark Tank, Dragon’s Den, and Tigers of Money.
Just like in Shark Tank and Dragon’s Den, Killer Whales’ entrepreneurs take the stage, pitch their idea to a panel of investors, and field questions. Then, the investors either dismiss the idea or begin negotiating the terms of their potential input. Sometimes, they’ll even compete with their fellow sharks to provide the most enticing terms to the entrepreneurs.
So, what exactly do these entrepreneurs stand to gain if they’re chosen by one of the ‘Whales’? The answer appears to be ‘mentorship’ from the judges. Indeed, during the first episode, Ran Neuner nominates himself as an advisor to one of the projects.
This is one of the biggest differences viewers familiar with Shark Tank will note: there’s no discussion of terms of investment because there is no investment on the table.
Shark Tank already suffers from the problem of businesses going on the show without any serious intention of receiving investment, hoping instead that the promotional value will be enough for years’ worth of Instagram ad campaigns. These instances can sometimes benefit the show itself, with the ‘Sharks’ calling out these opportunistic business owners and providing the necessary friction to keep things interesting.
Read more Opinion: Cryptocurrency reality shows are awful
In Shark Tank, you can receive actual investment (though the deals often fall apart after the show), while in Killer Whales, you can receive mentorship from a group of people who have little valuable mentorship to provide. This feels like it compounds the problem of entrepreneurs primarily seeking out a venue for self-promotion.
The first firm we are introduced to in the first episode is Lumara. Lumara is a real-estate platform that, in part, hoped to enable people to “buy property with bitcoin.” Currently, it has enabled 0 transactions and has 20 houses listed on the platform, most of which look to be targeting Bitcoiners who may want to relocate to El Salvador.
Today, the company looks to have pivoted from ‘premier crypto real estate marketplace‘ to a ‘leading nationwide developer of container homes‘ with no mention of crypto. Sixty percent of the judges thought the original idea would ‘sink.’
The second firm we’re introduced to is Pundi X, a Singapore-based crypto exchange that primarily offers a cryptocurrency payment terminal. You can use its token to publish ‘apps’ to the Android 7.0-based terminal. Android 7.0 was released in 2016. Sixty percent of judges thought this idea would ‘swim.’
The third firm was Ape Water, which sells (you guessed it) water that has a disinterested-looking ape on it. This is the firm that excited Neuner so much that he volunteered as an advisor on the spot, immediately seeing the potential of expensive simian-branded hydration. This was the ‘winning’ firm for this episode, with all the judges choosing to ‘swim’ in the Ape Water.
The final firm was Plastiks, a firm that is trying to figure out how to sell companies certificates on the blockchain that symbolize an effort to remove or reduce plastic. These entrepreneurs have a straightforward pitch for why it’s important for their firm to succeed: “If we fail, the world is fucked,” they declared.
Plastiks also claims to have some type of investment or relationship with Google, though it seemed somewhat unclear. The firm’s owners definitely referred to ‘investment,’ which led to the judges talking about the cap table, which would mean it was an investment in equity. However, there were a couple of moments where it seemed that they actually meant that Google purchased some of the plastic credits. Protos has reached out to both Google and Plastiks to clarify and will update if we hear back. Sixty percent of the judges decided to ‘swim’ with this firm.
Less Killer Whales, more Filler Whales This first episode didn’t contain any significant discussion about these projects’ revenue or profitability. Stripped of that type of detail and lacking the financial stakes of investment, the whole thing felt a little empty.
Mario Nawfal takes a break from hosting X Spaces about Elon Musk to mention that he is seriously worried about Liquid Death as a competitor to Ape Water, but he swims nonetheless.
CryptoWendyO swims with every project because why not?
Ran Neuner knows what it’s like to lose because of all the money he put into a Ponzi scheme, which failed, so he swims with Plastiks because the entrepreneur has failed before.
None of these are folks that anyone seems remotely excited to have on their side, with some of the Whales even joking about not wanting to work with each other.
None of it feels like it means anything; there’s no excitement, no disappointment, and not enough insight to make even a single moment worth watching. Perhaps the different judges in later episodes would be more entertaining, but I doubt anyone will see them.
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[PRESS RELEASE – Los Angeles, California, April 10th, 2024]
Following the resounding success of its debut season, which captivated audiences on premier platforms such as AppleTV, Google Play, Amazon Prime, HELLO TV, and Tubi, Killer Whales Season 2 is poised to make an even bigger splash. Applications for the highly anticipated second season are officially open.
HELLO Labs, a pioneering Web3 entertainment company, has once again joined forces with the leading crypto platform CoinMarketCap to scout the most innovative and popular projects within the Web3 industry. These chosen projects will have the exclusive opportunity to pitch to the Killer Whales judges in front of a global television audience.
HELLO Labs Founder Paul Caslin expressed his enthusiasm for the upcoming season, stating, “Season 1 was just the beginning; Season 2 is the main event. We are on a mission to cast a spotlight on the hottest projects in the Web3 space and showcase them to mainstream audiences worldwide.”
In an exciting twist for Season 2, viewers will have the chance to influence the lineup through a special “Wildcard” episode. Starting May 1st, 2024, the crypto community can vote for their favorite projects, with the top three securing much-coveted spots on Season 2.
As anticipation builds and the crypto markets heat up, competition is expected to be fierce. Key dates for the application process are as follows:
April 10th: Applications Open May 1st: Voting Begins June 1st: Winners are Chosen June 24th: Season 2 begins shooting teams who believe their Killer Web3 project has what it takes to face the Killer Whales, are welcome to apply now at hello.one/killerwhales and seize their chance to shine on the global stage.
About Killer Whales:
Killer Whales is a groundbreaking television series that spotlights the most exciting and innovative projects within the Web3 industry. Backed by HELLO Labs and CoinMarketCap, the show provides a platform for emerging talent to showcase their creations to a worldwide audience.
About HELLO Labs:
HELLO Labs is a leading Web3 entertainment company dedicated to pushing the boundaries of digital entertainment. Through innovative partnerships and groundbreaking projects, HELLO Labs aims to revolutionize the entertainment industry.
About CoinMarketCap:
CoinMarketCap is the world’s most trusted and comprehensive source for cryptocurrency data. With millions of users globally, CoinMarketCap provides real-time information on digital assets, markets, and trends.
As the vibrant city of Singapore gears up for TOKEN2049, one of the most anticipated blockchain events of the year, the HELLO [AI] First Token Party promises to kick off the celebrations in style. Hosted by aelf, this exclusive, invite-only event will serve as the perfect prelude to a week filled with blockchain and AI discussions, networking, and innovation. The party is set to create an exciting atmosphere, making it the ideal launchpad for what is sure to be an unforgettable TOKEN2049 experience.
Attendees will have the opportunity to immerse themselves in an evening of insightful conversations, panel discussions, and social festivities. The event aims to bring together AI and blockchain enthusiasts, fostering connections and collaborations in a setting that highlights the fusion of these cutting-edge technologies. With a night full of energy and innovation, the HELLO [AI] First Token Party is positioned as the ultimate beginning to a week of groundbreaking advancements in blockchain and AI.
A Night of Networking and Innovation According to the firm’s report, the HELLO [AI] First Token Party offers an exciting agenda for attendees. Registration begins in the early evening, allowing participants to settle in and connect with fellow enthusiasts. The event will officially kick off with a networking hour, offering a relaxed environment for attendees to engage with industry peers, share ideas, and discuss upcoming trends in AI and blockchain.
As the night progresses, the focus will shift to a series of engaging discussions. Industry leaders will take the stage to share their insights on the intersection of AI and blockchain, shedding light on how these technologies are evolving and what the future holds. The event’s panel discussion will explore the next frontier of AI-powered blockchain applications, diving deep into how AI is transforming the blockchain space. Following the panel, a fireside chat will tackle the intriguing topic of AI decentralization, posing the question: Can AI truly become decentralized?
This lineup of discussions is designed to offer valuable insights into the latest trends in AI and blockchain technology, providing attendees with a deeper understanding of the potential these innovations hold.
The HELLO [AI] First Token Party will feature an impressive roster of speakers, each bringing a wealth of expertise from leading organizations in the AI and blockchain industries. Notable speakers include Brian Liang, Chief Operating Officer at aelf, Chris May, Head of Sales at Sapien, and Chuan C., an AI blockchain expert from Google. Other esteemed speakers include Emad Mostaque, founder of SchellingAI, Khaniff Lau, Business Development Director at aelf, Stacey-Ann Pearson, Head of Web3 at Amazon Web Services, and Steve Shirkey, Director of Azure AI for the Asia-Pacific region at Microsoft.
These thought leaders will delve into the role of AI in blockchain, offering unique perspectives on how these two transformative technologies can be integrated to drive innovation across various industries. Their discussions will pave the way for a lively evening of thought-provoking ideas and forward-thinking visions for the future.
More on the Event The HELLO [AI] First Token Party is not just about discussions and panels, it’s also a celebration of the spirit of innovation and community that drives the AI and blockchain industries. After the formal sessions, attendees will have the chance to unwind and enjoy a lively party that promises fantastic vibes, great music, and a celebratory atmosphere. The event is designed to provide the perfect blend of intellectual engagement and social interaction, ensuring that participants leave with new ideas, connections, and memories.
The party will be an excellent opportunity for those attending TOKEN2049 to begin their week with a fresh perspective on AI and blockchain, setting the stage for further exploration throughout the main event.
The HELLO [AI] First Token Party is a strictly invite-only event, with space limited to ensure an exclusive experience. Attendees are required to RSVP in advance, and admission is subject to confirmation via email. Each invitation grants entry to one participant, and the event’s dress code encourages smart casual attire, with shorts and slippers discouraged.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
HOUSTON--(BUSINESS WIRE)--The Lanier Law Firm is representing the State of Arkansas and Attorney General Tim Griffin in litigation against Roblox Corp. and Discord Inc., alleging that the companies' online platforms are exposing Arkansas children to sexual predators, grooming, sextortion, and physical harm while assuring parents their children are safe. The complaint filed in Los Angeles County Superior Court characterizes the companies' business operations as a deliberate “two-stage predatory.
In the latest close session, Roblox (RBLX - Free Report) was up +1.76% at $47.94. The stock's performance was ahead of the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
Coming into today, shares of the online gaming platform had gained 2.41% in the past month. In that same time, the Consumer Discretionary sector lost 1.78%, while the S&P 500 lost 1.34%.
The investment community will be closely monitoring the performance of Roblox in its forthcoming earnings report. In that report, analysts expect Roblox to post earnings of -$0.34 per share. This would mark year-over-year growth of 17.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.59 billion, up 10.69% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.45 per share and a revenue of $7.48 billion, indicating changes of +5.84% and +10.13%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Roblox. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Roblox possesses a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 186, finds itself in the bottom 24% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Moonbeam Network, known for advancing integrated web3 for builders and dApp users, announces collaboration with HELLO Labs, a media and venture layer for Web3. Together, Moonbeam and HELLO labs are determined to launch the world’s first Web3 gaming accelerator which is designed to bridge on-chain innovation with real-world visibility.
This would ultimately assist the new generation of the game developers to bring onchain games to a wider audience at the global level. Moonbeam Network has revealed this trailblazing news to the global gaming community through its official social media platform, X account.
Moonbeam x HELLO Labs Accelerator Empowers Web3 Game Developers As an integral part of this synergy, Moonbeam will deploy its scalability and interoperability as the technical foundation of this project. It would streamline cross-chain connectivity that is the crucial point for developing the next-gen web3 gaming. To further convert this idea into practical steps, HELLO Labs will integrate its unparalleled media reach and storytelling expertise to help projects to gain recognition and traction at the global level.
This newly launched, Moonbeam x HELLO Labs Accelerator supports the developers (developing Web3 games) from the start to completion. As a part of this support, Moonbeam x HELLO Labs Accelerator is offering funding, media exposure, and deep ecosystem integration. Participants will have a $30K grant from the Moonbeam Foundation and around $50K in milestone-based budgets along with hands-on support from the technical team of Moonbeam foundation.
Along with the funding round of Moonbeam foundation, game developers will have the perks from HELLO Labs as well. HELLO Labs will provide its wide media services to the developers to showcase their expertise worldwide. They will be featured in multiple popular shows i.e., Killer Whales TV and have PR amplification through HELLO’s global KOL network of over 50 influencers.
In addition to that, this accelerator would also grant direct access to the investors, publishers and Web3 gaming communities. The whole process that is going to span over 6 months and 5 weeks will culminate in the ‘Killer Whales Live’, a globally known-event that shows selected projects to millions of views on Amazon Prime, Tubi, HELLO TV, Apple TV and Google Play.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
SAN FRANCISCO, June 24, 2026 (GLOBE NEWSWIRE) -- Roblox Corporation (NYSE: RBLX) faces a securities class action lawsuit after its April 30, 2026 Q1 2026 report indicating a surprisingly large sequential decline in daily active users (“DAUs”) tempered by its age-check rollout. The news drove the price of Roblox shares down $10.13 (-18%) the next trading day and erased over $6.7 billion from the company’s market capitalization.
The lawsuit seeks to represent investors who purchased or otherwise acquired Roblox common stock between October 30, 2025 and April 30, 2026.
National shareholder rights firm Hagens Berman is investigating the legal claims that Roblox and its co-defendants violated the federal securities laws. The firm encourages Roblox investors who suffered substantial losses to submit your losses now.
Class Period: Oct. 30, 2025 – Apr. 30, 2026
Lead Plaintiff Deadline: Aug. 7, 2026
Visit: www.hbsslaw.com/investor-fraud/rblx
Contact the Firm Now: [email protected]
844-916-0895
Roblox Corporation (RBLX) Securities Class Action:
The primary focus of the litigation is on the propriety of Roblox’s disclosures about the impact on its business and prospects of the age-check verification rollout aimed at increasing safety within certain social features on its platform. The rollout began in November 2025.
Throughout the Class Period, Roblox has characterized its rollout as the “gold standard” intended to be implemented with “no friction.” The company has also touted its high year-over-year DAU growth and related revenue and bookings growth.
As recently as February 5, 2026, during Roblox’s Q4 2025 earnings call, CEO David Baszucki responded to an analyst’s question about additional detail about the age-check rollout, assuring investors that “[w]e’re very excited and proud of the way our age verification rollout has gone” and “we found so many other opportunities for optimization that I’m very pleased and happy about the way the rollout has gone.”
The complaint alleges that Roblox made false and misleading statements while failing to disclose important information to investors about the true state of the company’s growth potential. More specifically, the complaint alleges that Roblox would see significant growth slowdown as enrollments in its age-check rollout would quickly taper, compounding the resulting slowdown in on-line platform communication and resulting in app store rating reductions and a swift reduction in organic growth.
The truth entered the market on April 30, 2026. That day, Roblox reported its Q1 2026 financial results, revealed a steep deceleration in year-over-year and sequential DAU growth, slashed its 2026 revenue guidance (reflecting ongoing shrinkage in DAU growth), and severely cut its 2026 bookings growth midpoint from 24% to just 10%.
The company blamed its adverse situation on just 51% of Roblox global DAUs having age checked and further revealed that “as a result of age check […] we have seen a reduction in app store ratings, and we believe this may be contributing to a reduction in organic sign-ups that typically flow from app stores.” Roblox also said its lowered prospects are the result of “continued friction” resulting from the age-check rollout.
“We’re focused on when Roblox and its management knew of the adverse consequences of the age-check rollout and whether they intentionally misled investors,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
If you invested in Roblox and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now.
If you’d like more information and answers to other frequently asked questions about the Roblox case and the firm’s investigation, read more.
Whistleblowers: Persons with non-public information regarding Roblox should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected] .
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Undercollateralised crypto lending platform Goldfinch just suffered its third default.Those burnt by the loss are calling on Goldfinch to reimburse users with funds from the protocol’s $107 million treasury.Critics say the repeated defaults highlight the difficulty of underwriting emerging-market loans.Lenders using decentralised finance protocol Goldfinch are facing a big hit after another large borrower defaulted on its debts.
Borrower Lend East previously took out $10.2 million worth of loans backed by Goldfinch users.
In an April 1 update, Warbler Labs, the company behind the Goldfinch protocol, announced Lend East would be able to repay only around $4.25 million of the loan, and said it expected Lend East to default on the remaining $5.9 million when the loan matured on April 3.
“Warbler Labs is engaging external counsel to explore all rights and remedies that are available to the community to maximise recovery,” the company said.
The situation with Lend East marks the third default users of the Goldfinch protocol have suffered since it started operating in January 2021.
Critics say the repeated defaults highlight the difficulty of underwriting emerging-market loans and expose serious problems with the Goldfinch protocol’s model.
Goldfinch users say that the Lend East loan’s initial credit assessment was “poorly executed” and that both Goldfinch and Lend East failed to provide backers updates on the loan over the past year.
‘The lowest quality borrowers’The Goldfinch protocol lets its users underwrite undercollateralised loans to companies across the globe, many of which operate in emerging markets.
In traditional finance, such loans are risky and therefore yield high returns. In DeFi, where double-digit annual returns are common, Goldfinch fits right in.
“Underwriting emerging-market loans has always been difficult and putting them on crypto rails doesn’t change that fact,” Tze Donn Ng, an investment associate at Tioga Capital Partners, told DL News.
Ng said that weak regulations in emerging markets, generally low creditworthiness, and adverse selection all contribute to the difficulty. “Only the lowest quality borrowers will go to you, otherwise they would borrow from banks or credit funds,” he said.
Instead of conducting credit assessments for loans itself, Goldfinch relies on a decentralised group of auditors to approve borrowers for the protocol to consider. Those who backed the Lend East loan have accused the auditors of doing a poor job on the loan’s initial credit assessment.
“Initial Goldfinch credit assessment has been poorly executed — or assessor poorly selected — as we end up with multiple default on multiple loans,” a user posting under the name felix2545 said in the Goldfinch Discord — a messaging app.
DL News asked Warbler Labs CEO Mike Sall and chief technology officer Blake West for comment. West directed DL News to Goldfinch’s April 1 announcement and didn’t comment further.
‘A model problem’Goldfinch’s business model is not a new one.
Banks and credit funds have long lent money in emerging markets, but calculating the risks of underwriting such loans is much more complex than lending in developed countries, such as the US.
“DeFi adds efficiency to structuring, capital formation, and deployment, but none of that matters if you don’t have strong underwriting and recourse,” Ryan Rodenbaugh, founder of crypto research and development company Wallfacer Labs, told DL News.
Despite Goldfinch’s best efforts, relying on third parties to source borrowers and assess risk may just be too difficult to make work.
“It’s a model problem,” Ashish Anand, founder of asset tokenisation platform Bru Finance, told DL News. “Not only Goldfinch, but anything that is structured as a credit fund where they rely upon third parties to do sourcing.”
Despite the defaults, Goldfinch has also facilitated 13 loans that were fully repaid. Another eight are listed on the Goldfinch website as “on time.”
A substantial hitThe latest default represents 7.7% of the amount of all active loans outstanding on Goldfinch. Those burnt by the loss are now calling on Goldfinch to reimburse users with funds from the protocol’s $107 million treasury.
Combined with Goldfinch’s previous defaults of a $5 million loan to Kenyan company Tugende, and $7 million from US-based credit fund Stratos, the protocol’s total losses sit at almost $18 million.
In the case of Stratos, Warbler Labs took on the full risk and responsibility of recovery, and backstopped losses for Goldfinch users. The Goldfinch DAO also voted to allocate $1 million in USDC from its treasury to cover losses from the Tugende loan.
DL News asked Warbler Labs’ West if the firm is considering backstopping the losses from Lend East’s loans. He didn’t immediately respond.
Another one of Goldfinch’s loans is also looking precarious. Almavest, a company that lends money to ESG-focused companies in India, Egypt, Indonesia, Colombia, Spain, Philippines, and other markets, is currently late in repaying a $2.1 million loan.
Whether Goldfinch will be able to bounce back from its recent default remains to be seen.
“To solve the existing issues, they will need to go through the regulatory route and restructure debt,” Tioga Capital’s Ng said. “Though this does not fix the long-term problem of poor underwriting.”
Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out to him with tips at [email protected].
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Roblox Corporation (NYSE: RBLX) between October 30, 2025 and April 30, 2026, inclusive (the "Class Period"), of the important August 7, 2026 lead plaintiff deadline.
So what: If you purchased Roblox common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Roblox class action, go to https://rosenlegal.com/cases/roblox-corporation-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 7, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Details of the case: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Roblox's organic growth potential; notably, that Roblox would see a significant slowdown in its growth rates as enrollment in the age verification rollout would quickly taper, compounding the resulting slowdown in on-platform communication, resulting in app store rating reductions and a swift reduction in organic growth. When the true details entered the market, the lawsuit claims that investors suffered damages.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
To join the Roblox class action, go to https://rosenlegal.com/cases/roblox-corporation-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Snap (SNAP - Free Report) closed at $4.53 in the latest trading session, marking a +1.57% move from the prior day. This change outpaced the S&P 500's 0.1% loss on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.43%.
The company behind Snapchat's shares have seen a decrease of 22.44% over the last month, not keeping up with the Computer and Technology sector's loss of 2.15% and the S&P 500's loss of 1.34%.
The upcoming earnings release of Snap will be of great interest to investors. The company is forecasted to report an EPS of $0.07, showcasing a 800% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $1.53 billion, showing a 13.99% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.6 per share and revenue of $6.7 billion. These totals would mark changes of +81.82% and +12.91%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Snap. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 10.64% rise in the Zacks Consensus EPS estimate. Snap is currently a Zacks Rank #3 (Hold).
In terms of valuation, Snap is currently trading at a Forward P/E ratio of 7.5. This signifies a discount in comparison to the average Forward P/E of 17.83 for its industry.
It's also important to note that SNAP currently trades at a PEG ratio of 0.14. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 0.99 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 90, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Crypto lender Goldfinch and a risk management adviser have parted ways.The adviser, who was slated to earn $135,000 over six months, recently stopped responding to lender inquiries.Crypto lender Goldfinch is seeking a new adviser after its previous hire — who was scheduled to make $135,000 over his six-month tenure — was seen by some restive lenders as ghosting them.
The advisor resigned from the crypto lending protocol in September to pursue a full-time opportunity, according to a copy of his resignation letter shared with DL News.
“Any lack of communication with the lenders was during a transition period near the end or after my last day of work in early October,” the advisor, Ajay Gill, told DL News after this story was published.
But Goldfinch lenders hadn’t been told of his impending departure.
“Even the adviser defaulted on us,” one user in Goldfinch’s Discord — a messaging app — wrote Friday, summarising lenders’ feeling that the embattled startup has struggled to get its borrowers to honour the terms of their loans.
Goldfinch did not return DL News’ request for comment.
It’s the latest setback for a leader in the multibillion-dollar real-world asset market.
The protocol is used to connect lenders and small businesses seeking capital, many of them based in developing countries.
One of the leading protocols at the intersection of crypto and private credit, Goldfinch has issued more than $60 million in outstanding loans since its launch in 2021.
But that figure has fallen steadily since early 2023, according to data from RWA.xyz, and Goldfinch has lost market share to rivals like Figure and Maple amid the seemingly insatiable demand for private credit.
The total value of active, crypto-based private credit loans was more than $9.1 billion on Monday, a roughly 44% increase since January.
Goldfinch has been rocked by a succession of defaults, and frustrated lenders have pressured parent company Warbler Labs to recoup as much as it can.
To that end, the company hired Gill in June with near-unanimous approval from investors who hold the Goldfinch governance token, GFI.
“Mr. Gill is currently advising the special situations team at one of the largest alternative investment firms in the world,” the May 20 proposal reads. According to his LinkedIn account, Gill is a managing partner at Discovery Global LLC.
Gill was charged with serving as the point of contact for Goldfinch lenders and delinquent borrowers, among other things.
But his weekly updates, shared in the Goldfinch Discord channel, abruptly stopped on October 2.
“What is going on here?! Advisor unresponsive and not providing any updates,” one frustrated user wrote on Discord.
In a resignation letter dated September 10, Gill told Goldfinch he would leave his position in 30 days.
“I am unable to continue as a consultant because, among other reasons, I need to focus my attention on a full-time employment opportunity,” he wrote.
Goldfinch Foundation head Obinna Okwodu said Friday he would temporarily assume Gill’s responsibilities during the search for Gill’s successor.
“Ajay will no longer be working as a consultant to the Goldfinch community,” he wrote. “In the meantime, I’ll be stepping in to oversee the management of the portfolio.”
That portfolio has struggled amid the difficult realities of lending to small and medium-sized businesses in the developing world.
In June 2023, African motorbike finance company Tugende Kenya became the first Goldfinch borrower to default when it missed a payment on a $5 million USDC loan.
Tugende Kenya helps motorcycle taxi operators in East Africa obtain financing to purchase their own bikes, rather than renting them indefinitely.
Warbler Labs accused the company of making an unauthorised loan to its struggling Uganda-based parent company.
In October 2023, Warbler said it would write off part of a $20 million loan to US credit fund Stratos, take on the full risk and responsibility of recovery, and backstop losses for Goldfinch users.
In April this year, Warbler Labs said a third borrower, Lend East, would be able to repay only $4.25 million of a $10.2 million loan.
Despite the defaults, Goldfinch has also facilitated 14 loans that were fully repaid, according to its website. Another seven are listed as “on time.”
Update, February 7, 2025: This story was updated to include comment from Ajay Gill and to clarify that he resigned from his position as risk advisor at Goldfinch.
Update, February 22: This story was updated to remove a comment from Goldfinch co-founder Blake West stating Gill’s departure was “more a case of us wanting to find a better adviser.” Gill resigned from the company, according to a copy of his resignation letter later shared with DL News.
Aleks Gilbert is a New York-based DeFi correspondent for DL News. You can reach him at [email protected].
Goldfinch, a crypto lending platform built on Ethereum, is in a bad spot. Its native token, GFI, is down over 75% from its April high. Many investors are exploring other RWA tokens like Ondo Finance or Realio.
The GFI situation is worsened by ongoing project-related issues that may lead to further selling pressure, adversely affecting holders.
Goldfinch Troubles In just the past day, GFI has dropped more than 15% in 25 hours, and there is potential for even greater declines in the coming days.
This Goldfinch crypto downturn coincides with rising concerns about a high rate of loan defaults.
Lenders are increasingly worried that borrowers are not honoring their loan agreements, prompting some to pull out of the platform.
It goes from bad to worse.
Rising loan defaults, coupled with the free-falling GFI token, are straining relations between the platform’s founders and leaders. Recently, Goldfinch lost its risk management advisor, Ajay Gill, who came on board in June to address the alarming loan default rates.
There seems to be no progress in resolving the pressing loan default crisis.
Since its launch in 2021, Goldfinch has processed over $60 million in loans and aims to regain its position. To achieve this, they first need to find a new advisor now that Gill has departed.
3 RWA Tokens To Explore In October 2024 Even with Goldfinch’s crypto troubles, it is not to say there are no other opportunities to explore in the burgeoning real-world asset (RWA) market.
BlackRock is neck-dip in RWA, tokenizing United States Treasuries. Its CEO earlier said the sphere will eventually command over $1 trillion in market cap.
According to Coingecko, the RWA sector is up 5% to over $7.7 billion.
Investors can explore the following RWA tokenization projects, diversifying from the crashing GFI token:
ONDO Finance (ONDO): This is the second-largest RWA platform with a market cap of over $7.7 billion. It seeks to tokenize financial instruments like treasuries, bringing them on-chain. While it rides on the decentralization of Ethereum, all tokenized assets comply with existing securities law. Ondo Finance might be down 14% in the past week but up 742% from all-time lows of $0.082. Landshare (LAND): Landshare is focused on real-estate tokenization while complying with existing laws. Through tokenization, investors gain access to real estate, regardless of location. LAND is the native utility and governance token, priming the Landshare ecosystem. The token is up nearly 3X since sinking to all-time lows in October 2023. Realio (RIO): Realio is a software-as-a-service platform for tokenizing real-world assets. Integrating the blockchain makes it more transparent, reliable, and secure. RIO is the main currency. It is up 51X since launching two years ago in October 2022. Pepe Unchained: RWA Investors Diversifying With PEPU The value proposition of RWA tokens could mean decent ROI for investors in the long term.
Those who want to see this now can choose Pepe Unchained, a meme coin project with a twist.
With over $22.9 million raised, investors are pouring in, searching for gems—and PEPU is proving to be one.
Can it be the next better version of SHIB or PEPE?
Pepe Unchained wants to build an Ethereum layer-2 for meme coins. The platform, Pepe Chain, will offer a solution for developers and traders seeking a scalable and low-fee environment without losing the security of Ethereum.
Pepe Unchained will be compatible with Ethereum, feature a dedicated block explorer, and include a decentralized exchange (DEX).
On launch, the “Frens with benefit” program will boost platform activity and attract developers.
PEPU, the native token, is trading for just $0.01179. On launch, it could easily 100X, outperforming all RWA tokens, including ONDO and GFI.
Visit Pepe Unchained
Explore: Tonchain Daily Active Users Fall 80% To 1 Million: Will Prices Follow?
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Crypto analyst firm CryptoQuant warns Strategy (MSTR) that it needs to stop focusing on Bitcoin accumulation and instead turn to rebuilding its cash pile. @CharlesSchwab's Nathan Peterson explains why the headline is catching attention from crypto traders as Strategy hits a new 52-week low.
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Strategy Inc (NASDAQ: MSTR, STRF, STRC, STRK, STRD) resulting from allegations that Strategy may have issued materially misleading business information to the investing public.
So What: If you purchased Strategy securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/cases/strategy-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: Rosen Law Firm is investigating potential civil securities claims.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
[PRESS RELEASE – New York, United States, March 20th, 2025]
Plume, the first full-stack RWAfi (real world asset finance) chain, and Goldfinch, the leading onchain private credit platform, today announced a partnership to expand access to high quality private credit assets on Plume’s flagship RWA staking platform, Nest. This partnership will widen access to institutional-grade private credit funds and make them seamlessly accessible within Plume’s ecosystem. By leveraging Goldfinch Prime’s compliant, composite private credit product, Nest enables users to access sustainable yield in a liquid product.
Private credit has emerged as one of the fastest-growing sectors in the financial industry, providing businesses with essential expansion financing amid stringent banking regulations. As a pioneer in bringing RWAs onchain, Goldfinch has already enabled thousands of users to access sustainable, productive yields. While private credit has historically been reserved for wealthy investors, Plume is democratizing access through this integration with Goldfinch Prime.
For Plume, this partnership significantly strengthens its flagship staking protocol by adding institutional-grade private credit to its yield offerings. Through Nest’s vaults, users gain access to a new asset class that complements Plume’s existing RWAfi ecosystem, transforming these traditionally restricted investment vehicles into permissionless, liquid assets that any Plume user can easily access.
Goldfinch Prime brings together world-class alternative asset managers including Apollo, Ares, Golub, and Stellus – who collectively manage over $1T – through specially built rails that subscribe into these funds and stream yield onchain. The Goldfinch Prime token is a composite product – using specially built rails to subscribe into these funds and stream their yield onchain. Through Plume’s Nest vaults, these private credit yields become permissionless, liquid, and composable within Plume’s RWAfi ecosystem, enabling access to sustainable 10-12% returns.
“This partnership shows how we can leverage Plume’s infrastructure to turn previously inaccessible investment opportunities into fully permissionless and composable assets,” said Teddy Pornprinya, Co-Founder and CBO of Plume. “It’s not just about bringing TradFi products onchain, we want to make them better and more useful for crypto-natives everywhere onchain.”
“We’re excited to partner with Plume on this as a way to make Goldfinch Prime even more useful for crypto native investors,” added Goldfinch Co-Founder and CTO, Blake West.
Goldfinch Prime is establishing itself as the leading private credit product by partnering with multiple managers to offer an indexed private credit product with a single token. The platform continues to add world class asset managers, bringing institutional yield products directly into DeFi.This collaboration between Plume and Goldfinch will accelerate tokenization of the alternative asset industry, allowing investors to buy, trade, and collateralize high-quality yield products in a significant advancement for the space.
About Goldfinch
Goldfinch was started over 4 years ago with the mission to bring real-world finance onchain. Goldfinch Prime represents the next evolution in that mission, as it brings the biggest and best private credit funds in the world onchain, in one simple, diversified investment. Funds like Ares, Apollo, Golub, and more, who collectively manage over $1T of assets are now available around the world in a low-cost way through stablecoins and the blockchain.
About Plume
Plume is the first full-stack L1 RWA chain purpose-built for Real World Asset Finance (RWAfi), enabling the integration and adoption of real-world assets through its ecosystem. With 180+ protocols building on the network and a $25M RWAfi Ecosystem Fund for early-stage projects, Plume offers a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. Coupled with an end-to-end tokenization engine and a network of financial infrastructure partners, Plume enables seamless DeFi integration for RWAs so anyone can tokenize real-world assets, distribute them globally, and make them useful for crypto-native users.
Users can learn more at https://plumenetwork.xyz/ or contact [email protected]
Plume is teaming up with Goldfinch to expand real-world asset finance by bringing several private credit funds onchain.
Plume, a layer 1 modular blockchain for real-world asset finance, says the partnership will see institutional investors access top private credit funds on Nest, its RWA staking platform. With Goldfinch, a leading platform for onchain private credit, the collaboration means an expansion of its institutional-grade offerings to Plume’s ecosystem.
Goldfinch and Plume are therefore eyeing an opportunity for sustainable yield to Nest users, with this available via Goldfinch Prime’s suite of private credit products. These products are from leading alternative asset managers such as Apollo, Golub, Aries and Stellus.
Collectively, these firms manage more than $1 trillion in assets.
Plume will bring yield from Goldfinch Prime, which uses specially-built rails to subscribe to funds that is then streamed onchain.
“This partnership shows how we can leverage Plume’s infrastructure to turn previously inaccessible investment opportunities into fully permissionless and composable assets,” said Teddy Pornprinya, co-founder and chief business officer of Plume.
According to the Pornprinya, the collaboration is not just about taking traditional finance products onchain. The goal is to democratize access, with blockchain technology helping to flip these into useful assets for crypto-natives.
For Nest users, Goldfinch’s partnership will improve its staking offering by infusing institutional-grade private credit. While traditionally, the private credit funds are restricted investment vehicles, Nest vaults turns them into permissionless and liquid assets, allowing any user on the Plume blockchain investment access.
Plume’s latest partnership adds to several in recent months, with all of these aimed at accelerating tokenization across the alternative asset market.
Apart from partnerships with Ondo Finance, Superstate and Music Protocol among others, Plume has recently netted a major strategic investment from YZi Labs. YZi Labs, formerly Binance Labs, and led by Changpeng ‘CZ’ Zhao, announced it had invested in Plume on March 17.
The L1 raised $20 million in a series A round in December 2024, backed by venture capital firm Brevan Howard Digital, Galaxy Ventures and Haun Ventures.
Plume Network has partnered with Goldfinch to bring private credit funds to the blockchain. This collaboration aims to expand the reach of institutional-grade private credit products through Plume’s Nest, a staking platform focused on real-world asset finance (RWAfi).
By integrating Goldfinch’s Goldfinch Prime products, Plume is opening the doors for crypto-native users to access top-tier credit funds typically reserved for the wealthy.
What Is Plume Network?Plume is a Layer 1 modular blockchain specifically designed for Real-World Asset Finance (RWAfi). It provides an ecosystem for integrating real-world assets into the world of decentralized finance (DeFi). Plume's Nest staking platform enables users to interact with and earn yield from real-world assets in a fully composable and EVM-compatible environment. This reportedly makes it easier for individuals and institutions to access and manage diverse asset types on-chain.
Plume’s ecosystem is expanding rapidly, with over 180 protocols building on the network and a $25 million RWAfi Ecosystem Fund supporting early-stage projects. The platform’s mission is to bridge the gap between the physical economy and DeFi, allowing anyone to tokenize and distribute real-world assets globally.
The Power of Goldfinch PrimeGoldfinch, on the other hand, is a leading platform in the on-chain private credit space. It has made a name for itself by enabling the tokenization of private credit and offering institutional-grade investment products to users worldwide. With Goldfinch Prime, the platform brings together some of the world’s biggest alternative asset managers, including Apollo, Ares, Golub, and Stellus. These firms collectively manage over $1 trillion in assets.
Goldfinch Prime simplifies access to high-quality private credit through a composite product. This tokenized offering allows users to subscribe to and stream yields from private credit funds on-chain. The funds are typically hard to access for everyday investors but have been made available through blockchain technology, democratizing access and creating new investment avenues for both crypto-native users and institutional players.
Plume and Goldfinch: Bringing Private Credit OnchainThe collaboration between Plume and Goldfinch enables users of Plume's Nest platform to tap into private credit funds through Goldfinch Prime. These products, which offer sustainable yields between 10-12%, are available from some of the most respected names in the private credit industry. Users will be able to access this investment opportunity in a liquid and permissionless manner, which means anyone within the Plume ecosystem can participate, no matter their background or investment size.
The deal is a clear win for both parties. For Plume, it strengthens its staking protocol, adding institutional-grade private credit to its offerings and expanding its RWAfi ecosystem. Meanwhile, Goldfinch benefits from wider exposure, allowing it to offer its products to Plume’s growing community and strengthen its position as a leading platform in the DeFi space.
Transforming Traditional Finance with BlockchainPrivate credit has become one of the fastest-growing sectors in finance, driven by increasing demand for non-bank financing. However, historically, these products have been difficult to access for all but the wealthiest investors. By bringing these private credit funds on-chain, Plume and Goldfinch seek to transform the landscape, making these investments available to a much broader audience.
What makes this partnership particularly exciting is the tokenization aspect. Blockchain technology enables the seamless integration of traditionally illiquid assets like private credit into the decentralized world. Investors no longer need to be locked into lengthy contracts or rely on traditional financial intermediaries. Instead, they can access and trade these assets in a liquid, decentralized environment.
Worth noting, Plume’s recent collaborations with Ondo Finance Superstate and Music Protocol along with a major investment from YZi Labs align with its goal to advance tokenization in the alternative asset market.
Plume CEO Chris Yin spoke to The Defiant and explained the project’s focus on crypto-native utility and sustainable yield.
Plume, a full-stack RWAfi (real-world asset finance) blockchain, has partnered with Goldfinch, an onchain private credit platform, to expand access to private credit assets.
This collaboration integrates Goldfinch Prime’s composite private credit product into Plume’s RWA staking platform Nest, offering users sustainable yield through a liquid, onchain solution. Goldfinch Prime pools investments from top asset managers—including Apollo, Ares, Golub, and Stellus, who collectively oversee more than $1 trillion—bringing these yield products onchain.
Private credit has grown rapidly over the past 15 years, reaching nearly $2 trillion by the end of 2023—ten times its size in 2009. A 2024 McKinsey report projects the U.S. market alone could surpass $30 trillion.
Tokenized private credit is also on the rise, with active loan value reaching $12.22 billion—up from $4 billion a year ago—according to RWA.xyz. Plume’s Nest vaults make private credit yields permissionless, liquid, and composable within its RWAfi ecosystem, providing access to sustainable returns of 10-12%.
While RWAs have become a hot topic in crypto, Plume’s CEO and co-founder, Chris Yin, argues that most projects miss the bigger picture. "We built a blockchain to bring the real world on-chain," Yin says, emphasizing Plume’s focus on integrating RWAs seamlessly into DeFi.
He believes they should feel like stablecoins, enabling lending, borrowing, and decentralized trading. The Goldfinch partnership, he says, extends this vision by furthering interoperability between traditional finance (TradFi) and crypto.
The problem with traditional RWAsDespite the hype, Yin believes most RWA projects fail to add real utility. Instead of adding fresh liquidity, they treat blockchain as an infrastructure layer to sell assets.
"Most projects are bringing assets on-chain, not capital," Yin said, explaining that institutions aren’t here to grow crypto’s liquidity—they’re here to sell.
“And that makes sense, if you’re a bank, your goal is to sell products, increase assets under management, and acquire new customers—not to put capital into the crypto ecosystem,” Yin said. “That’s the key distinction most people miss. We focus on the buy side—crypto natives who want to swap, lend, borrow, and actually use these assets."
Plume aims to integrate tokenized assets into DeFi so users can generate yield, borrow, and trade them as easily as any other crypto asset.
"When the market is up, people hold tokens. When it’s down, they rotate into stable assets. But today, stablecoins don’t do much,” Yin said. “We’re expanding what’s possible—allowing RWAs to be yield-bearing, stable, and fully integrated into DeFi."
The need for sustainable yieldYield generation has been an ongoing challenge in DeFi, with many projects relying on unsustainable incentives rather than real economic activity. Yin argues that returns should come from tangible RWAs rather than speculative tokenomics.
"Most yield in crypto today is just points—one day, it’s 80% APY, the next, it’s 10%, and the token goes to zero,” Yin said. “We’re focused on real, stable yield—5% consistently is better than 100% one day and nothing the next."
By integrating real-world revenue streams into DeFi, Plume aims to provide a more reliable and scalable source of yield, making on-chain assets more attractive to investors.
Yin envisions a future where interacting with RWAs on-chain is as seamless as playing a game. "What I'm trying to build is basically Farmville or The Sims," he said. "You click buttons, and you build a house. Here, you own a rollercoaster, a farm, or whatever. You click buttons and things in the real world happen."
WisdomTree launched its Private Credit and Alternative Income Digital Fund (CRDT), a blockchain-based product offering retail and institutional investors direct exposure to private credit.
The launch aligns with a broader industry trend of tokenizing real-world assets (RWAs) to enhance accessibility and transparency. It also makes the traditionally inaccessible private credit market available to a broader audience, including retail and crypto-native investors.
WisdomTree Expands Access to Private CreditWisdomTree, a global asset manager, launched its Private Credit and Alternative Income Digital Fund (CRDT) on Friday, making private credit investments more accessible. The new fund, which tracks the Gapstow Liquid Alternative Credit Index (GLACI), operates on the Ethereum and Stellar blockchains.
It targets retail and institutional investors, with a minimum investment of just $25. WisdomTree offers the fund via its WisdomTree Prime and WisdomTree Connect platforms.
Private credit has grown into a $1 trillion asset class as companies increasingly rely on nonbank financing. Yet it has traditionally been challenging to access. Significant minimum commitments, strict accreditation requirements, and long lock-up periods limited liquidity, effectively reserving the market for institutions and ultra-wealthy individuals. But, CRDT lowers this threshold significantly by introducing tokenization and daily liquidity, opening the market to a broader range of investors.
Global Chief Investment Officer Jeremy Schwartz at WisdomTree commented on the development.
“Private credit has become one of the most talked-about opportunities in today’s market. For four years, we’ve been proud to make this space more accessible to the individual investor through our ETF, and now CRDT is able to deliver yield potential in a modern, tokenized fund.”
Tokenized Credit Market Surges Past $30BWisdomTree is expanding its suite of tokenized products to attract digital-first investors who want access to alternative assets. Will Peck, Head of Digital Assets at WisdomTree, said CRDT provides “access to one of the most coveted asset classes – alternatives – directly on-chain.” He emphasized that the initiative helps investors diversify with institutional-grade assets in a compliant digital environment.
According to RWA.xyz, the tokenized private credit market has reached a cumulative loan value of $30.58 billion, with $16.72 billion currently active. Average annual percentage rates (APR) stand at 9.74%, highlighting the sector’s appeal to investors seeking yield in a high-rate environment.
The tokenized private credit market performance Source: RWA.XYZPrivate credit is increasingly migrating to on-chain. Protocols like Figure dominate the landscape, accounting for most outstanding loans, while newer entrants such as Credix and Goldfinch are also expanding. The number of originated loans has climbed to 2,598, signaling growing adoption of blockchain-based financing.
Private Credit Platform / Source:rwa.wyzThe data shows accelerated growth since early 2023, with outstanding loans nearly doubling over the past 18 months. This momentum reflects broader demand for tokenized real-world assets.
Still, these funds remain subject to traditional financial risks, including exposure to closed-end funds, business development companies, and REITs. Investors should also note blockchain-related risks such as cybersecurity threats, network congestion, and regulatory changes that may impact tokenized assets.
Japan and South Korea's stock markets opened higher, with South Korea's KOSPI index rising 2.9% and SK Hynix surging 11%.
According to Bitget market data, the Nikkei 225 index opened 1.4% higher at 70114.09. South Korea’s KOSPI index rose 2.9%. South Korean stocks SK Hynix gained 11%, while Samsung Electronics rose 5%.
3 minutes ago
Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
3 minutes ago
Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
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Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.
According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.
3 minutes ago
Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.
3 minutes ago
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
Warbler Labs posted an official governance proposal on June 12 to wind down Goldfinch Prime and move the protocol to maintenance mode. A Snapshot vote is passing 100% in favor. Depositors face a two-or-more-year recovery horizon as GFI trades 99.8% below its January 2022 all-time high.
Goldfinch Finance, the a16z- and Coinbase Ventures-backed DeFi lending protocol, is formally winding down after a governance proposal posted by its core developer confirmed the protocol cannot recover from widespread borrower defaults that have stranded depositors for nearly three years.
Warbler Labs, Goldfinch's core development team, posted GIP-87 on June 12 formally proposing to "begin an orderly wind-down of Goldfinch Prime and to move Goldfinch into 'maintenance mode' solely focused on supporting the collection of remaining legacy borrower payments."
The proposal was authored by Mike Sall and Blake West of Warbler Labs. A Snapshot governance vote opened June 20 and is currently passing with 1,052,820 GFI cast, 100% YES, against a quorum requirement of 250,000 GFI. The vote closes June 23.
Blake West, co-founder of Warbler Labs, the development firm behind Goldfinch, said the protocol spent six years testing approaches to onchain private credit without finding durable demand. Its most recent product, Goldfinch Prime, drew a tepid response despite launching across three chains, partnerships with Plume and R2, and a marketing push, he said. West said there was no clear path to traction short of a major pivot the protocol could not fund on its remaining runway.
He said the team opted to wind down in a way that preserved enough resources to keep operations running for years while remaining borrowers repay, and pointed to a new trust set up to maximize what the community can recover. West also rejected accusations of fraud, saying Warbler spent $7 million of its own money to repay lenders, returned more than $1 million in revenue toward repayments, and sold more than $2 million in GFI from the treasury for the same purpose. He said he personally lost money in Goldfinch's earlier V1 deals.
"There is no "good time" to shut down. It's been 6 years since we started Goldfinch. We tried a lot of things. It's pretty clear that normal crypto investors don't really want private credit,” West said in a June 14 Discord post. "And please, can we stop with the accusations of scam or fraud? It's just nonsense.”
Depositor ClaimsThe wind-down was first surfaced publicly a week after the governance post, when a depositor posted Friday on X reporting more than $50 million in outstanding loans across eight borrowers, two in default and six in restructuring. GIP-87 confirms that many borrower pools "experienced serious performance issues" and places total original loans at approximately $100 million; the depositor's $50 million figure likely reflects his portion of the book.
The depositor said he deposited in September 2021, added capital twice in 2022, requested a withdrawal in August 2023, and has recovered only 30% of his principal, estimating an additional 10% may return over the next one to two years.
The onchain picture confirms the withdrawal freeze. DefiLlama shows Goldfinch holds $56.15 million in outstanding borrowed capital against $1.63 million in total value locked on Ethereum, leaving nearly all deposited capital tied up in loans. GFI, the protocol's governance token, traded at $0.0663 Sunday, down 99.80% from its all-time high of $32.94 reached in January 2022, per CoinGecko. The token's market cap stands at $6.18 million, down roughly 52% over the past 30 days.
The Official Wind-Down PlanGIP-87 lays out a detailed wind-down structure. Warbler Labs will immediately stop new protocol development, new growth initiatives, and marketing campaigns. A new U.S. trust entity will be established with Ted Gavin, the current Chief Restructuring Officer, as trustee to continue recovery-related work. Warbler Labs will receive $150,000 For wind-down services: $100,000 from the DAO treasury and $50,000 repurposed from the existing operational budget.
The legacy Goldfinch app will remain available for at least six months after the final expected borrower payment so depositors can collect repayments. GIP-87 sets the recovery horizon at "two or more years."
The forum drew angry depositor comments in the days after posting, with commenters calling the proposal "outrageous" and the outcome "utter incompetence." Goldfinch Prime, the newer iteration of the protocol, "has not achieved the level of adoption needed to justify continued investment," according to GIP-87.
Goldfinch launched in 2021 as a decentralized credit protocol channeling crypto capital into real-world loans in emerging markets. Andreessen Horowitz and Coinbase Ventures backed the project on a pitch of 10% APY yields backed by actual economic activity. The model routed USDC through "backers" and "senior pools" into loans made by off-chain credit firms in Nigeria, Kenya, and Southeast Asia, with collateral held off-chain in each borrower's jurisdiction.
The Model's WeaknessRamneek Ahluwalia, a former Cross River Bank employee who analyzed emerging-market lending, said Saturday on X that the protocol was "making loans against motorcycle collateral in countries with low governance and no credit bureaus." He said the team had "impressive resumes but no actual lending experience." His broader point: technology cannot replace core credit underwriting standards around capacity, collateral, and character.
Ahluwalia had flagged the same structural concern as early as 2023. In an October 2023 post, he wrote: "Goldfinch takes the worst of FinTech lending and puts it on chain. Just b/c something is on chain doesn't make the underlying activity (lending) less risky."
The collateral problem is acute in markets where physical recovery of assets is difficult. "Imagine making a loan against collateral where the borrower can literally flee," Ahluwalia wrote Saturday.
Broader PatternThe Goldfinch collapse follows the broader wave of RWA lending protocols that raised capital in 2021 and 2022 on the thesis that DeFi could intermediate real-world credit at scale. The model required trusting off-chain borrowers in jurisdictions where legal recovery of collateral is slow or impractical. Radiant Capital, a cross-chain lender that once held more than $300 million in deposits, wound down to a $2.21 million husk in June 2026, though in that case the cause was a $50 million hack linked to North Korea rather than loan performance.
Centrifuge, one of the largest onchain real-world asset platforms by TVL, hit the same wall in 2023, when roughly $5.8 million of loans across two pools went overdue — most of it in a pool financing consumer microloans in France, which ultimately unwound and ended in litigation.
With the GIP-87 Snapshot vote set to close June 23, the formal end of the protocol is now a governance formality.
PANews, June 23 – According to Cryptopolitan, the a16z-backed decentralized credit protocol Goldfinch has announced it will gradually wind down. Last Friday, an investor under the pseudonym Edward Morra publicly accused the protocol of mismanagement, resulting in over $50 million in user fund losses, claiming that borrower defaults and failed loan restructurings have made it nearly impossible for depositors to recover their funds. Just one day after the post was published, the project announced it would enter a gradual shutdown phase. The protocol’s native token, GFI, has fallen from its January 2022 peak of $32.94 to below $0.07, a decline of 99.8%, with its market cap dropping from over $390 million to less than $6 million.
Goldfinch was founded in 2021 by former Coinbase employees, aiming to connect crypto capital with credit businesses overlooked by traditional banks. a16z led its $25 million funding round in January 2022. Problems began to surface within months of the funding: Kenya-based motorcycle financing company Tugende Kenya defaulted; two underlying positions in a $2 billion loan portfolio at U.S. credit fund Stratos were nearly wiped out; and Singapore-based borrower Lend East could only repay 58% of the principal. As the loan portfolio deteriorated, the protocol pivoted to institutional credit funds, but ultimately could not reverse the situation.
Japan and South Korea's stock markets opened higher, with South Korea's KOSPI index rising 2.9% and SK Hynix surging 11%.
According to Bitget market data, the Nikkei 225 index opened 1.4% higher at 70114.09. South Korea’s KOSPI index rose 2.9%. South Korean stocks SK Hynix gained 11%, while Samsung Electronics rose 5%.
3 minutes ago
Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
3 minutes ago
Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
3 minutes ago
Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.
According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.
3 minutes ago
Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.
3 minutes ago
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
HAVAH users can now enjoy native cross-chain asset swaps and borrowing against tokens on Balanced, thanks to ICON’s Cross-Chain Framework. This development marks a significant step in HAVAH’s integration with other blockchains, expanding the horizons for seamless value transfer across integrated chains.
According to a report from the firm, on July 22, 2024, Balanced officially launched on HAVAH, providing new options for native cross-chain swaps and stablecoin loans. HAVAH, the first blockchain built on ICON SDK to integrate with Balanced, joins several blockchains across the EVM and IBC ecosystems. This integration enables smooth value movement from the HAVAH blockchain, enhancing the DeFi experience for its users.
Seed Liquidity and User Experience To ensure a positive user experience, the ICON Foundation has provided seed liquidity for the new HVH/sICX pair on Balanced. This support is crucial for maintaining the platform’s cross-chain functionality. HAVAH users can swap native assets between integrated chains, transfer HVH to the ICON chain for liquidity, or borrow bnUSD against their assets.
Aligned with ICON’s vision of promoting cross-chain development, Balanced plans to extend its services to additional blockchains as they become available through ICON GMP. Users can expect updates on these new features as they roll out, further enhancing the cross-chain capabilities of the HAVAH and Balanced integration.
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The recent crypto purchase of United States Congressman Mike Collins has triggered a significant surge in the trading volume of Velodrome (VELO).
Politician Signals Support For Velodrome Velodrome Finance is an Automated Market Maker (AMM) on Optimism. It utilizes VELO as the utility token earned by liquidity providers. Community members who wish to participate in governance can lock the VELO tokens in order to do so. Voters are also rewarded with protocol trading.
BREAKING: Representative Mike Collins just disclosed a purchase of a cryptocurrency called Velodrome.
The coin appears to have a market cap of less than $100M.
This is the first time we have ever seen a politician trade it. pic.twitter.com/lydptNO5Bq
— Quiver Quantitative (@QuiverQuant) June 17, 2024
According to CoinMarketCap data, Velodrome’s trading volume hit $2.4 million after bagging more than a 67% increase within the last 24 hours. This spike was discovered after Representative Collins announced that he has purchase the digital asset. His purchase makes him the first documented politician to ever engage with the cryptocurrency that has a market capitalization of less than $100 million.
Collins stated that he purchased VELO on May 15, the time when the digital currency was around $0.13. His purchase is pegged to be round $1,001 and $15,000, suggesting that he may have acquired as much as 100,000 units of VELO. Since the time of the Congressman’s purchase, the crypto has seen some fluctuations that eventually led to a downtrend in its price.
At press time, VELO was down by 4.33% and currently trading at $0.09653. The surge in trading volume, which reflects increased investors’ activities, is likely to contribute to a price recovery in the near future. This might be complemented by other events like a broad crypto ecosystem bull run.
U.S Politicians Rally Round Cryptocurrencies Notably, Velodrome Finance is not Rep Collins first crypto purchase as he is largely known for his appetite for digital assets. He once highlighted his Ethereum (ETH) purchase which he said was worth $65,000 at the time of acquisition.
With the 2024 presidential elections only about five months away, more politicians have adopted cryptocurrencies. Donald Trump now sees himself as the “Crypto President” after moving against the asset class for a very long time. He has plans to support crypto companies once he is elected into office. Trump’s campaign team is open to accepting crypto donations.
Similarly, President Joe Biden who is also an aspirant in the upcoming elections has launched his crypto outreach. His campaign team is now approaching crypto industry leaders, seeking guidance on proactive crypto policies moving ahead.
Overall, there is a growing interest for digital currencies amongst United States policymakers and politicians.
Read More: Shiba Inu (SHIB) Exec Touts Important Industry Collaboration, Will This Reboot Price
Velodrome Finance (VELODROME) has witnessed a remarkable 170% surge following its listing on Binance. The decentralized exchange (DEX) token, which has gained significant attention in recent weeks, will now be available for trading on the exchange. As the liquidity hub for the Superchain, its listing marks a crucial milestone in its growing ecosystem, increasing visibility and investor interest.
Binance Listing Boosts Velodrome’s Visibility and Market Potential On December 13, Binance unveiled its decision to feature Velodrome Finance, a decentralized exchange (DEX) known for its role as the liquidity hub for the Superchain. This pivotal step aims to improve accessibility for traders and investors while driving deeper engagement within the platform’s ecosystem.
The platform introduces a new spot trading pair, VELODROME/USDT, with deposits open ahead of trading. Trading will go live at 14:00 (UTC), and withdrawals will begin on December 14 at 14:00 (UTC). This initiative is expected to boost liquidity and increase visibility for the DEX’s growing decentralized finance (DeFi) operations.
The exchange has also applied a Seed Tag to the token, signifying its innovative potential but higher associated risks and volatility. To trade such tokens, users must pass a risk-awareness quiz every 90 days. Additionally, within 24 hours, advanced trading features such as bots and spot copy trading will be enabled. As a result, users will have access to enhanced tools that ensure a seamless trading experience.
Velodrome Finance continues to establish itself as a major player in decentralized finance, delivering scalable and efficient liquidity solutions. With its inclusion on Binance, the platform is set to attract significant attention, boosting its adoption and strengthening its foothold in the competitive DeFi market.
VELO Price Rallies Amid Latest Move VELO price saw massive increase, currently trading at $0.39 following Binance’s decision to support the token. This marks a remarkable 365% surge over the past month and an impressive 500% rise year-to-date, signaling strong investor interest. With a market cap of $357 million and $42 million in 24-hour trading volume, its recent performance reflects growing confidence in its utility and ecosystem.
The exchange backing provides Velodrome Finance with enhanced liquidity and accessibility, crucial factors for sustaining its current bullish momentum. As the token gains more interest, its market presence will likely grow. This will further strengthen its position in the crypto ecosystem.
Binance Expands Support for Velodrome Finance Crypto exchange Binance will also add Velodrome Finance to multiple products and services, as per an announcement. The exchange will add VELO to Simple Earn, “Buy Crypto”, Convert, Margin, Auto-Invest, and Futures offerings.
It has launched USD-M VELO perpetual contract today, offering up to 75x leverage. Coinglass data indicates the Velodrome futures saw a massive increase in open interests on Friday.
The price surge echoes the performance of KOMA, which experienced a 136% increase after receiving support from Binance. This highlights the exchange’s ability to boost a token’s visibility and trading activity. It also drives significant interest from the broader crypto community.
Key NotesVelodrome Finance saw a 113% surge following its Binance listing.VELO price has risen 527% year-to-date, reflecting strong investor confidence. Velodrome Finance (VELO), the decentralized exchange (DEX) token, has seen a massive 113% surge in its value after recently listing on Binance. This means that the token is now available for trading against Tether (USDT).
The listing represents a major achievement for the DEX, which has been designated as the liquidity hub for the Superchain. Other than the massive exposure and visibility that this brings, listing on Binance also does a lot for Velodrome’s growing ecosystem and the interest that investors will now have in its VELO token.
Binance Listing Brings Key Upgrades for Velodrome Traders On December 13, Binance officially announced its decision to list Velodrome Finance. Seizing the opportunity, the exchange also introduced the new VELODROME/USDT trading pair, opening deposits for the pair ahead. Trading, however, will only begin at 14:00 (UTC), with withdrawals set to start on Saturday, December 14, at the exact same time.
Meanwhile, acknowledging the risks and volatility that are more than likely to come with the token, despite its huge potential, Binance has applied a “Seed Tag” to it. So, to ensure that traders are safe, users dealing with VELO must complete a risk-awareness quiz every 90 days.
Binance added that it will also enable advanced trading features, including trading bots and spot copy trading. That is, within the first 24 hours of listing.
All these efforts are, without a doubt, geared towards ensuring that users are able to enjoy top-notch trading experiences.
Velodrome Finance’s inclusion in Binance is a major boost to its accessibility and liquidity. These both are key factors in establishing its presence and preserving its continued growth within the decentralized finance (DeFi) space.
VELO Price Surge Mirrors KOMA’s Success As expected, the recent announcement by Binance has had an immediate impact on VELO. The token saw a whopping 113% price jump in the past 24 hours to be trading at $0.3243. It has also seen a 273% increase in just one month and a 527% rise since the beginning of the year.
With a growth so obvious, it might be fair to say that investors are getting increasingly confident in not just Velodrome’s utility but also its potential within the DeFi sector.
VELO currently has a market capitalization of $285 million and a 24-hour trading volume, which has surged nearly 3,500% in 24 hours to $227 million.
Interstingly, VELO’s performance is similar to that of KOMA. Another token that soared 170% after affiliating with Binance.
If nothing else, these trends show that Binance wields such a great influence in the market. This influence becomes immediately noticeable through a token’s visibility and trading activity.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
