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Pinkfong’s iconic IP tokenized on Story Protocol

by admin September 23, 2025

Pinkfong, the creator of the global hit ‘Baby Shark,’ is taking its iconic IP to Web3, as Story Protocol announces its tokenization on ip.world.

Summary

“Baby Shark” and other Pinkfong content are now tokenized on Story Protocol’s ip.world.
The initiative allows fans and creators to “remix and expand the Pinkfong IP”, according to the official announcement.

Story Protocol (IP) has just announced the tokenization of Pinkfong’s IP, the creative force behind the global sensation “Baby Shark,” on ip.world, a platform for IP-backed memecoins on Story Protocol.

With over 140 billion total views and more than 240 million subscribers across platforms, Pinkfong’s content portfolio represents one of the most valuable IPs in the children’s entertainment sector. Notably, “Baby Shark” holds the record as YouTube’s most-viewed video, with over 16 billion views.

This tokenization initiative allows the Pinkfong IP to be transformed into a tradable, programmable asset, enabling creators and fans to “remix and expand the Pinkfong IP.”

IP of the official Pinkfong Company mascot, known for Baby Shark, has been tokenized on @ipdotworld. Pinkfong touts:

▸ 140B+ total views
▸ 240M+ total subscribers
▸ 16B+ views on Baby Shark
▸ YouTube’s most viewed video

Now you can remix and expand the Pinkfong IP ↴ https://t.co/gcHq3ifK7q

— Story (@StoryProtocol) September 23, 2025

Story Protocol leads the IP tokenization wave

The development is part of a broader trend in the entertainment industry, where traditional models of content distribution and monetization are being reimagined through blockchain technology, with Story Protocol emerging as a leading platform for making IP investable.

Story Protocol recently supported Aria Protocol’s Aria PRIME platform in bringing $100 million of Korean music catalogs on-chain. The initiative uses Story Protocol to tokenize music rights, giving investors access to fractionalized IP while enabling rights holders to benefit from improved liquidity, automated royalties, and smart contract-enabled licensing.

Beyond entertainment and music, Story Protocol is expanding the tokenization of intellectual property across a wide array of industries, including AI models, game assets, memes, design creations, and patents. Flagship IPs on the platform include Magma, a browser-based professional design platform, and Mahojin, a decentralized AI platform for datasets and AI models.

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September 23, 2025 0 comments

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ETHZilla Plans to Raise $350M to Boost ETH Reserve

by admin September 23, 2025

ETHZilla Corporation has announced its latest capital plan, which includes securing a $350 million add-on convertible debenture investment from its existing institutional partner. The firm also provided a comprehensive business update, outlining its growing Ethereum (ETH) reserve, stock repurchase activity, and plans to tokenize real-world assets.

In their official press release, the firm said that the $350 million is raised via debenture insurance built on ETHZilla’s prior $156.5 million convertible debt arrangement. The update will have revised interest rates of 2% per year, starting from February 2026.

New debentures will be issued at 2% annual interest with a conversion price of $3.05 per share, representing 1.05 times the firm’s market net asset value (mNAV). Furthermore, the company will now oversee a nearly $500 million interest-bearing securities portfolio, capturing excess interest income.

“ETHZilla is committed to being a responsible steward of shareholder capital,” said Chairman and CEO McAndrew Rudisill. “Our strategy is to deploy ETH into Layer 2 protocols and tokenize real-world assets to create sustainable free cash flow on the Ethereum network.”

ETHZilla’s yield strategy

Besides buying ETH, the company also mentioned that it generated extra cash from using ETH in Layer 2 protocols and from its cash invested in the U.S. Treasuries and commercial paper, and it is looking into turning real-world assets into tokens. Furthermore, the firm repurchased approximately 500,000 shares at an average price of $2.41. At present, ETHZilla’s total holdings Ethereum is equivalent to 102,264, worth approximately $462 million.

The firm also aims to roll out an ETH dashboard in the coming weeks, offering real-time visibility into its treasury and on-chain yield strategies. The company will also provide updated financial guidance for the remainder of 2025 in its Q3 earnings report.

Also Read: BitMine Now Holds 2% of Ethereum, Raises $365M to Buy More

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September 23, 2025 0 comments

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Shiba Inu (SHIB) Recorded -485,685,800,000 Crypto Exchange Netflow: Details

by admin September 23, 2025

Sellers not ready?
Exchange flows are suspicious

Although Shiba Inu is still struggling close to critical support, new on-chain data indicates a startling change in the market’s dynamics. After breaking below its symmetrical triangle pattern, the price is currently hovering at $0.00001224, but exchange flows show that selling pressure is still noticeably lacking.

Sellers not ready?

Within a 24-hour period, SHIB experienced an astounding 485.6 billion SHIB in exchange net outflows, according to CryptoQuant. In other words, rather than being deposited for sale, almost half a trillion tokens were removed from centralized exchanges. This implies that both retail and whale holders are moving their tokens into self-custody, thereby lowering the immediate risk of significant liquidations. Such outflows typically tighten the supply available on trading platforms and serve as a bullish indicator.

SHIB/USDT Chart by TradingView

The technical architecture of SHIB, however, is weak. The asset is currently hovering near oversold territory at 41.99 after breaking below the triangle support and showing weak momentum on the Relative Strength Index (RSI). Additionally, there has been no significant support from the 50, 100 and 200-day moving averages, suggesting that the overall downward trend is still in place.

Exchange flows are suspicious

The resulting paradox is that exchange flows indicate a different picture than price action, which suggests weakness and a possible continuation toward 2025 lows. In spite of the unfavorable chart structure, holders appear unwilling to give up their positions. With fewer tokens easily accessible on exchanges, it increases the risk of a supply squeeze in the event that demand resurfaces without warning.

Looking ahead, SHIB is still at a turning point. The lack of exchange supply may increase upward volatility if demand even slightly increases. Notwithstanding the robust outflow data, the token might find it difficult to recover if general market sentiment stays pessimistic, especially in light of the corrections that Ethereum and Bitcoin are experiencing.

Generally, market participants are showing some upside potential on the SHIB market, but whether or not this patience results in a recovery will depend on outside demand. One thing is clear for the time being: nobody is selling.

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September 23, 2025 0 comments

Stuttgart Stock Exchange, owner of Boerse Stuttgart Digital (Boerse Stuttgart)

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Binance Founder “CZ” Considers Opening YZi Labs to External Investors: FT

by admin September 23, 2025

YZi Labs, the family office founded by Binance co-founder Changpeng “CZ” Zhao, may open up to external investors, the Financial Times reported on Tuesday.

The $10 billion investment company, which was rebranded from Binance Labs, is open to the possibility of converting into an investment fund, head of YZi Labs Ella Zhang said in an interview, according to the report.

“There’s always a lot of external investors interested and we will eventually consider turning it into an external-facing fund,” Zhang said.

While YZi naturally has considerable nous in Web3 investments, it is “still early” in the fields of artificial intelligence (AI) and biotech, Zhang said.

“We’re forming our team, when we have that expertise…we’ll be open to external investors,” she said.

YZi Labs rebranded from being Binance’s venture capital arm to Zhao’s family office shortly after his release from prison following a four-month prison sentence for failing to set up an adequate know-your-customer program at Binance.

As part of his guilty plea, he stepped down as Binance CEO and has subsequently turned more of his attention to YZi Labs, which manages the money of Zhao and fellow Binance co-founder Yi He, also his longtime partner.

Family offices are not open to external investors as they manage the wealth of a single family, so do not raise money from outside sources.

YZi Labs did not respond to CoinDesk’s request for comment.

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September 23, 2025 0 comments

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US And UK Announce Partnership For New Crypto Regulatory Framework

by admin September 23, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The United States and the United Kingdom have announced the formation of a “task force for markets of the future,” aimed to enhance cooperation on capital markets and crypto regulation.

UK And US Unite To Tackle Crypto Market Challenges

The agreement was reached during talks in Downing Street between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent, just ahead of President Donald Trump’s state visit to Britain.

While the announcement came with limited specifics regarding the focus areas of the task force, it underscores a mutual interest in fostering collaboration in the growing digital asset market.

The backdrop for this initiative is particularly relevant, as the UK has been grappling with a prolonged downturn in its capital markets. Many companies have opted to relocate their listings from London to New York, attracted by the promise of higher valuations and a more favorable regulatory environment.

Meanwhile, the US has actively embraced the cryptocurrency industry under the current Trump administration, appointing crypto-friendly regulators, dismissing lawsuits against major players, and enacting landmark legislation governing stablecoins.

In contrast, the UK has faced criticism from crypto executives for its slow regulatory response, which has left it trailing behind the US and other competitive financial hubs.

The UK Treasury has indicated that the new task force will explore options for both short- and medium-term collaboration on digital assets while regulatory frameworks are still being developed. Additionally, the group will aim to streamline the process for UK and US firms seeking to raise capital across borders.

Collaboration For Change

Chaired by officials from both the UK and US Treasury departments, the task force is expected to include regulators responsible for overseeing capital markets and crypto assets on both sides of the Atlantic. It is tasked with reporting back within 180 days with recommendations on how best to proceed.

Former Conservative Chancellor George Osborne has been vocal about the challenges facing the UK in the crypto space, warning that the country risks becoming irrelevant amid a financial revolution reminiscent of the “Big Bang” era of the 1980s.

Osborne, who currently serves on the global advisory council of US-based crypto exchange Coinbase, has criticized the current government’s approach, suggesting that it is leaving the UK lagging behind.

The UK Crypto asset Business Council, a trade organization, welcomed the announcement of the task force, viewing it as a strong endorsement from the US of the UK economy. They emphasized that if executed correctly, this initiative has the potential to invigorate the City of London and strengthen the transatlantic economy.

The daily chart shows the market’s total capitalization at $3.8 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 23, 2025 0 comments

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Thai Police Bust $15M Crypto Scam Ring Targeting Hundreds of Koreans

by admin September 23, 2025

Thai authorities have busted a $15 million criminal enterprise that victimized over 870 South Koreans, in what one expert calls a case study of “multi-layered laundering.”

The Seoul Metropolitan Police Economic Crime Investigation Division announced Monday the arrest of 25 members of “Lungo Company,” a fraud ring that deployed multiple scam tactics, including romance schemes, crypto fraud, and fake lottery compensation offers.

Thai police separately detained the ringleader and eight core members, who remain in custody pending extradition to South Korea, according to a local media report.

“Unlike previous crime rings that usually relied on a single method, this group used multiple tactics in a systematic way,” a police official said.

Victims were reportedly manipulated into depositing money on fake platforms or purchasing worthless crypto under the guise of compensation for data breaches.

Cybercrime consultant David Sehyeon Baek told Decrypt, the group would leverage “extensive OTC broker networks operating throughout Thailand, particularly in tourist areas like Pattaya,” noting these unlicensed operations “facilitate crypto-to-fiat conversions while bypassing traditional banking oversight.”

The Lungo Company likely employed chain-hopping tactics, he said, “rapidly swapping funds across different blockchains to obscure transaction trails” by converting various crypto across multiple networks.

“Cross-chain crime has surged globally, tripling in the past two years,” as decentralized exchanges, cross-chain bridges, and no-KYC coin swap services enable rapid anonymous transfers, Baek said.

That effectively forces “investigators to spend countless hours manually tracing funds across multiple protocols.”

The organization would exploit nested services—unauthorized trading operations within regulated exchanges that allow clients to trade “while hiding any connection to the underlying regulated infrastructure,” Baek noted.

“Technically, these schemes involve shell companies opening accounts across multiple major exchanges using fraudulent credentials, then offering custom interfaces that allow clients to trade while hiding any connection to the underlying regulated infrastructure,” he added.

These “parasite exchanges” process nearly “100 times more illicit volume than their mainstream host platforms,” the expert said, and charge premium fees, typically between “7% and 15%,” in exchange for anonymity.

Baek said additional techniques likely included crypto-funded prepaid cards for ATM withdrawals, casino laundering to produce “clean” winnings, and micro-transactions split into thousands of transfers to stay “below detection thresholds.”

For final cash-out, the expert said the network almost certainly turned to unregulated OTC brokers in Thailand and neighboring jurisdictions, providing “high-volume cash-out with minimal scrutiny,” and likely coordinated via encrypted apps like “Telegram and WeChat.”

Just last month, Seoul police dismantled an international hacking ring that stole $28.1 million from South Korea’s wealthiest individuals, including BTS member Jungkook and top business executives, after breaching their financial and crypto accounts.

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September 23, 2025 0 comments

Etherex price gains 40% amid Linea rewards program launch

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AVAX price risks pullback but whale demand drives upside

by admin September 23, 2025

AVAX trades near $34 after a sharp rally, with whales and institutions driving momentum despite overbought signals.

Summary

AVAX price is up despite crypto market downturn, with a 200% surge in trading volumes.
AgriFORCE pivots to AVAX One, targeting $700M in token holdings.
Whales open leveraged longs, but RSI at 70 signals overbought risks.

Avalanche traded at $34.42 at press time, up 8% in the past 24 hours. The token has gained 17% over the last seven days and 32% in the past month, moving within a $29.40–$35.55 range over the week.

Spot trading volume jumped to $2.62 billion in the last 24 hours, a 198.8% rise from the previous day. Derivatives activity also surged, according to CoinGlass data, with open interest rising 18% to $1.77 billion and volumes rising 140% to $5 billion.

This mix of rising spot demand and leveraged exposure points to aggressive positioning, a setup that often fuels sharp moves in either direction.

Institutional and whale flows

Institutional appetite for Avalanche (AVAX) is building momentum. On Sep. 22, AgriFORCE Growing Systems Ltd. announced plans to rebrand as AVAX One, pivoting away from agricultural technology to become the first publicly traded Avalanche-focused entity on Nasdaq.

The company intends to raise about $550 million through a mix of PIPE financing and equity-linked instruments, with the long-term goal of acquiring more than $700 million worth of AVAX tokens. Over 50 institutional investors, including Galaxy Digital and Kraken, are reportedly exploring allocations.

At the same time, whales are taking on leveraged bets. Blockchain analytics firm Lookonchain flagged two significant long positions on Sept. 23. One wallet opened a 5x leveraged long worth 514,906 AVAX ($17.2 million), already showing close to $1 million in unrealized profit.

Another account, tied to Ogle, an advisor to World Liberty Financial, opened a 10x long on 66,479 AVAX ($2.2 million). These moves suggest that well-capitalized players remain confident in Avalanche’s trajectory, despite the recent rally.

AVAX price technical analysis

From a technical standpoint, AVAX is pressing against the upper band of its Bollinger channel near $36.80, a level that now acts as resistance. With a relative strength index of 70.7, the token is on the verge of overbought territory. The stochastic oscillator is also high, suggesting short-term exhaustion.

AVAX daily chart. Credit: crypto.news

Even so, trend strength remains intact. All major moving averages, from the 10-day EMA to the 200-day SMA, are flashing buy signals, confirming a broad-based bullish structure. The MACD is still in positive territory, which indicates that the bulls are still in control.

A break above $36.80 might clear the way toward $38 and possibly $40, while immediate support is located at $32.40 and $29.50.

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September 23, 2025 0 comments

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Bakkt Shares Jump 40% After Mike Alfred Joins Board

by admin September 23, 2025

Bakkt Holdings (NASDAQ: BKKT) shares surged more than 40% on Monday after the company announced that tech entrepreneur Mike Alfred will join its board of directors. The stock was trading 43% higher at $15.25 as of 8:00 p.m. ET, according to GoogleFinance.

Bakkt CEO Akshay Naheta welcomed Alfred, calling him a leader with “unparalleled expertise, a powerful network and institutional credibility.” Naheta said in an official site statement. He added that Alfred’s input would be vital as the company sharpens its strategy and works to deliver long-term value to shareholders.

Mike Alfred Brings Industry Experience

Alfred is a well-known figure in the digital assets industry. He is the managing partner and founder of Alpine Fox, as well as a board member in Bitcoin miner Iren. He had earlier co-founded Digital Assets Data, which was purchased by NYDIG in 2020.

In his statement, Alfred highlighted Bakkt’s opportunity to build a trusted fintech platform for institutions. He pointed to four key growth areas: digital asset trading, stablecoin payments, AI agents, and Bitcoin. “I look forward to partnering with the Board and leadership to advance Bakkt’s strategy and value creation.,” Alfred said.

Recent Moves by Bakkt

Founded in 2018, Bakkt provides enterprise crypto solutions for businesses. In June, the company declared that it would raise up to $1 billion by way of equity and debt issues to finance a strategy to acquire Bitcoin. A month after that, Bakkt announced a $75 million public offering, and the shares went down 40% at that time.

The appointment of Mike Alfred marks a fresh chapter for Bakkt as it works to strengthen its position in digital assets, though the market will be watching closely to see how the strategy unfolds.

Also Read: Semler Scientific Shares Soar After All-Stock Deal with Strive

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September 23, 2025 0 comments

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Peter Schiff Condemns Bitcoin, Embraces Blockchain Gold

by admin September 23, 2025

Popular Bitcoin critic and gold advocate, Peter Schiff, has once again stirred reactions across the crypto community after expressing faith in the long-term value of his digital art collection, compared to Bitcoin.

Schiff made the move as he flaunted gold’s new all-time high of $3,726 in the faces of Bitcoiners, seizing the opportunity to promote his Golden Triumph Ordinals Set. Notably, Schiff claimed that the art collection is more scarce and valuable than the world’s largest cryptocurrency by market capitalization, Bitcoin.

Schiff’s Golden Triumph Ordinals vs. Bitcoin

The Golden Triumph Ordinals is a blockchain-based digital art collection of 50 one-of-a-kind digital inscriptions, launched on the popular NFT platform, Magic Eden.

With Schiff refusing to back down on his long-standing skeptical stance on Bitcoin, his decision to launch a digital art collection based particularly on the Bitcoin blockchain has raised eyebrows among crypto users.

During the initial launch of the NFT collection, crypto users had suggested that Schiff might already be softening his stance on the leading cryptocurrency. However, his recent post further affirms that Schiff might never accept the idea behind Bitcoin’s invention.

According to his post, Peter Schiff downplayed Bitcoin’s scarcity, noting that Bitcoin’s total supply, which is divisible across the global population, makes it accessible to everyone on the planet. As such, he emphasized that the digital art product is more scarce and valuable than Bitcoin, as only 50 Golden Triumph Ordinals will ever exist.

As always, the Bitcoin skeptic issued an unsurprising piece of advice to the Bitcoin community, urging Bitcoiners to consider selling portions of their depreciating BTC to acquire the ordinals — a move that, according to him, could propel physical gold to more upsurge.

Nonetheless, Schiff’s selective support of blockchain-based gold collectibles, as opposed to the first blockchain-based digital asset, has received criticism and displeasure among commentators, who argued that Schiff is promoting “shitcoins” over a long-viable cryptocurrency.

The commentators find it inappropriate for Schiff to condemn blockchain when it supports Bitcoin, but praise it when it amplifies his pro-gold stance. Hence, many believe that Schiff might need to rethink his resentment towards Bitcoin.

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September 23, 2025 0 comments

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Scaramucci joins AGRI advisory board

by admin September 23, 2025

AgriFORCE Growing Systems (AGRI) is rebranding as AVAX One and launching a $550 million capital raise to become the first Nasdaq-listed company focused on acquiring avalanche AVAX$33.90, the native token of the Avalanche blockchain, the company said in a press release Monday.

Anthony Scaramucci, founder of investment firm Skybridge Capital, and a long-term advocate of digital assets, is joining as the head of the firm’s advisory board.

Shares of AgriFORCE were trading 132% higher following the announcement. AVAX was lower by 3% over the past 24 hours.

The company said it aims to accumulate more than $700 million worth of AVAX, giving public investors a professionally managed vehicle to gain exposure to the network, which secures $6.2 billion in staked assets and has been used by firms like JPMorgan and Apollo for tokenization initiatives.

Hivemind Capital founder Matt Zhang, who will chair the board, said AVAX One’s plan is to build the “Berkshire Hathaway of the onchain financial economy,” combining disciplined token accumulation with fintech acquisitions to drive growth.

SkyBridge Capital’s Anthony Scaramucci, who joins the company’s advisory board alongside Coinbase institutional head Brett Tejpaul, said tokenization is “the single biggest theme for the next decade of finance” and that AVAX One offers a public-market on-ramp to participate in that shift.

The raise includes a $300 million PIPE, pending shareholder approval, and up to $250 million in additional equity-linked offerings, with participation from investors including ParaFi, Galaxy Digital, DCG, Kraken and Cypher Capital.

Big Brain Holdings, FalconX, Republic Digital, Borderless Capital, Summer Capital, GSR Ventures, Fintech Collective, Bastion Trading, CMCC Global Titan Fund, Hypersphere, Fifth Lane Capital, and HashKey Capital also participated in the raise.

AVAX One will also continue to operate AgriFORCE’s existing energy infrastructure business through its TerraHash Digital division.

Read more: Strive to Buy Semler Scientific in First Merger of Bitcoin Treasury Companies

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September 23, 2025 0 comments