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Crypto Diversification Boosts Aurora Mobile’s Global Expansion
Crypto Diversification Boosts Aurora Mobile’s Global Expansion

In Brief Aurora Mobile invests up to 20% of its cash in four cryptocurrencies. This strategy supports global expansion and partnership growth while preserving cash flow. CEO Luo sees crypto investments enhancing diversity and company innovation identity.

Cointurk·2025/06/25 21:16
Ethereum Sparks Anticipation for a New Altcoin Bull Run
Ethereum Sparks Anticipation for a New Altcoin Bull Run

In Brief Ethereum exhibits potential for an altcoin bull run. Institutional focus and staking permissions could elevate Ethereum demand. Favorable U.S. crypto policies bolster the market environment.

Cointurk·2025/06/25 21:16
Flash
20:30
Tether's former Chief Investment Officer plans to sell part of the stablecoin giant's shares
Heathcote is currently working with PJT Partners to sell part of its Tether equity, and negotiations with potential buyers are underway. Tether issues the world's largest stablecoin, USDT, which now has a circulating supply of 184 billion USD. Earlier this year, the company halted its fundraising plan, which had been valued at up to 500 billion USD. (Bloomberg)
20:23
After Hertz stock price plummeted by 60%, short positions surged to record levels
S3 Partners data shows that as of Thursday's close, more than 56% of Hertz's outstanding shares have been borrowed and shorted by traders betting the stock price will fall further. Hertz's share price plummeted 41% in one day after it announced a simultaneous secondary stock offering and issuance of convertible notes, along with preliminary financial results that fell short of analysts' expectations.
20:22
As cryptocurrencies plunge, distressed asset investment funds explore swapping strategies for preferred stock positions
As cryptocurrencies continue to plummet, making it increasingly difficult for this company that holds large amounts of Bitcoin, these funds are calling the proposal a win-win arrangement. According to sources, these investors have discussed with Moelis Co. swapping their positions at a discount for other preferred shares, or possibly for common shares. Strategy's common stock has plunged about 75% over the past year. Any potential deal could be completed under the so-called Section 3(a)(9) provision, which allows companies to exchange securities without formal registration with the U.S. Securities and Exchange Commission (SEC). Michael Saylor's Strategy was once one of Wall Street's hottest stocks, but as Bitcoin lost upward momentum, the stock declined sharply and its strategy of continually accumulating more Bitcoin has also come under question. (Bloomberg)
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