According to GlobeNewswire, Treasure Global Inc. (NASDAQ: TGL), a Nasdaq listed company and e-commerce platform operator, announced the launch of a $100 million digital asset fund plan to strengthen its digital infrastructure and support the launch of AI consumer intelligence platforms. The funding for this plan consists of two parts: $50 million from existing equity financing agreements, and $50 million from new investments from strategic institutional investors. The funds will be used in stages to allocate blockchain native assets such as Bitcoin, Ethereum, and regulated stablecoins, with the aim of improving fund efficiency and laying the foundation for future tokenization, loyalty programs, and blockchain settlement systems.
Odaily Planet Daily News: According to Lookonchain monitoring, although ETH trading prices have been sideways between $2500 and $2700, BlackRock has increased its holdings of 214000 ETH worth $560 million since May 11th.
Odaily Planet Daily News: According to Russian media TASS, the Moscow Stock Exchange plans to officially launch Bitcoin futures trading on June 4, 2025. This product is only open to qualified investors, and the first batch of futures contracts will expire in September 2025. The contract is quoted in US dollars and settled in rubles, based on the price of Bitcoin Trust ETFs. Previously, the Russian Central Bank had approved financial institutions to provide cryptocurrency linked financial derivatives to qualified investors in May, but advised against direct investment in cryptocurrencies. (Tass)
At the opening of the US stock market, the Dow Jones Industrial Average rose 47 points, the Nasdaq rose 46 points, and the S&P 500 index rose 0.16%.
According to Cointelegraph, WazirX, a cryptocurrency exchange primarily serving the Indian market, announced that it will relocate its operations from Singapore to Panama, and its parent company Zettai will be renamed Zensui Corporation. The relocation is due to the Singapore court not approving its restructuring plan, and the local central bank requiring cryptocurrency service providers to cease providing digital token services to overseas markets by June 30th. The document shows that WazirX registered a new entity Zensui in Panama on March 10th, and the business transfer agreement is ready. It is expected to complete the service migration within 2-3 working days after execution. The platform has explicitly stated that it will not apply for a Singapore operating license and has no plans to register with the Indian Financial Intelligence Unit. WazirX will issue recovery tokens to compensate victims for the $235 million hacking attack in 2023. The plan has been approved by over 90% of creditors, promising to repay 75% -80% of users' stolen funds balance through platform profits and asset recovery installment payments.