Tag:

250M

REX-Osprey Solana Staking ETF Hits $250M as SOL Price Soars

by admin September 13, 2025

The REX-Osprey Solana Staking ETF (SSK) has crossed $250 million in assets under management (AUM) only two months after its debut. REX Shares, the issuer, confirmed in a post on X today, saying that it was reached as of September 11.

The fund was initially launched on July 2 2025, and it’s the first in the United States to combine spot Solana exposure with native on-chain staking rewards. This allowed investors to benefit from both price movements in Solana and staking yield, which is a multiple source of return in a regulated format.

We are proud to announce that the REX-Osprey SOL + Staking ETF (SSK) has surpassed $250 million in AUM as of 9/11/2025 — just months after launching on July 2nd.$SSK is the first U.S. ETF to combine spot $SOL exposure with native, on-chain staking rewards, marking a major step… pic.twitter.com/FsthIwNUcE

— REX Shares (@REXShares) September 12, 2025

REX Shares said this achievement was possible thanks to the support of early investors and noted that it aims to keep building innovative products like this for investors interested in digital assets.

“We are proud to announce that the REX-Osprey SOL + Staking ETF (SSK) has surpassed $250 million in AUM as of 9/11/2025 — just months after launching on July 2nd,” the company said in a post on X.

Meanwhile, the rapid success mirrors Solana’s strong performance in recent months. At the time of writing this report, Solana is trading at $240.18. This is an over 6% surge in 24 hours. Over the last week, the token has surged by 17.8% and has gained 20.7% in the past month

Solana SOL Price Chart | Source: CoinMarketCap

Over a longer timeframe, Solana’s growth trajectory is even more pronounced, with a 76.71% increase over six months and a 27.16% gain year-to-date. Its price has risen 81.32% in the past year, and it is up nearly 493% since its inception.

SOL Derivatives and Interest Adds Momentum

The derivatives market has also added to Solana’s recent momentum. According to Coinglass, futures volume for Solana climbed to $30.85 billion in the past 24 hours, an increase of 13.86% from the previous day.

Solana Derivative Date | Source: Coinglass

Open interest rose 7.45 percent to $16.89 billion, reflecting growing participation from leveraged traders and institutions. With 609.61 million tokens circulating, Solana remains one of the largest blockchain ecosystems by activity and trading volume.

Also Read: Bitcoin Sharks Quietly Add 65,000 BTC in Major Accumulation Spree

Source link

September 13, 2025 0 comments

Esports

Aonic acquires research tech firm Prime Insights for $250m+

by admin September 3, 2025

Aonic — a multiplatform gaming group comprised several studios worldwide — has acquired research technology firm Prime Insights for “in excess” of $250 million.

Aonic states the acquisition will support the company’s “tech vertical,” with Prime Insights set to work closely with Exmox, which in turn works with companies like Playrix, Zynga, and Paxie Games. Aonic calls the deal its largest acquisition to date.

Founder Benjamin Ritzka will continue to lead Prime Insights as CEO, and has “reinvested a significant amount of the transaction proceeds into Aonic” to become one of the group’s largest shareholders. Prime Insights currently employs 120 people across 17 countries.

Prime Insights will now Anonic’s existing firms to “form a unified, global awards and data platform spanning 50 million+ consumers, 12 owned and operated consumer brands, and approximately $300 million+ in yearly revenues.”

“Prime Insights has rewritten the rules in programmatic data collection for consumer insights as a true disruptor in the highly competitive world of research technology,” said Aonic CEO and co-founder, Paul Schempp.

“It is rare to come across such a brilliant tech entrepreneur as Benjamin, and as powerful a team as Prime Insights, so we couldn’t be happier to partner up.”

Ritzka commented: “The growth path we achieved with Prime Insights over recent years is unprecedented in our industry. A transaction of this scale is an amazing validation of everything we’ve built. A huge thanks to my fantastic team at Prime Insights.”

Former Larian Studios studio head, Arthur Mostovoy, joined Aonic as its new head of games back in April.

Source link

September 3, 2025 0 comments

Crypto Trends

Crypto Trader Banks $250M on Trump-Linked WLFI Token After $38M Plasma Win

by admin September 2, 2025

A trader who made $38 million trading last week’s plasma (XPL) volatility secured another heft payday on Monday, profiting $250 million on the release world liberty financial (WLFI), a decentralized finance (DeFi) token linked to U.S. president Donald Trump’s family.

Etherscan data shows that the wallet in question, belonging to a trader known on derivatives platform HyperLiquid and X as Techno Revenant, invested $15 million in the WLFI token sale last year before being distributed 1% of the total supply on Monday, worth around $250 million.

The nine-digit score comes after the trader made $38 million on HyperLiquid last week, trading XPL as it spiked and wiped out $130 million in open interest on the futures market.

XPL/USD (TradingView)

WLFI began trading on Monday, spiking to 40 cents before retreating to 25 cents in a rollercoaster session that experienced more than $5 billion in trading volume.

While Techno Revenant calmly collected a $250 million payday, others were not as lucky as hackers ran a targeted phishing campaign against WLFI token holders.

Security experts labeled it a “classic EIP-7702 phishing exploit” as hackers exploited a loophole tied to Ethereum’s recent Pectra upgrade.

Read more: Holders of Trump’s Crypto Token Targeted by Hackers in Phishing Exploit

Source link

September 2, 2025 0 comments

NFT Gaming

ETHZilla Authorizes $250M Buyback, Expands Ether (ETH) Treasury to $489M

by admin August 25, 2025

ETHZilla (ETHZ) has authorized a $250 million stock repurchase program as the company doubles down on its ether-focused treasury strategy, the firm said in a press release Monday.

The Florida-based firm said its board approved the buyback effective immediately, with the program set to run until June 30, 2026, or until the full $250 million allocation is exhausted.

Alongside the move, The Nasdaq-listed company disclosed that it now holds 102,237 ETH, acquired at an average price of $3,948.72.

At current market valuations, the stash is worth approximately $489 million. The company also reported holding roughly $215 million in U.S. dollar cash equivalents.

“As we continue to scale our ETH reserves and pursue differentiated yield opportunities, we believe an aggressive stock repurchase program at the current stock price underscores our commitment to maximizing value for shareholders,” said McAndrew Rudisill, executive chairman of ETHZilla, in the release.

ETHZilla also introduced its proprietary Electric Asset Protocol, which it says will be used to generate higher yields on its crypto holdings.

As of August 24, 2025, the company reported 102,237 ETH valued at about $489 million, $215 million in cash equivalents, and 165,478,655 shares outstanding, as of August 22.

The buyback adds another layer to ETHZilla’s strategy of aggressively building ether reserves while leveraging new yield protocols to bolster returns.

ETHZilla shares tumbled nearly 30% on Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares. The stock was was trading 4.5% lower, around $3.15, at publication time.

Read more: ETHZilla Shares Plunge Almost 30% as Dilution Fears Overshadow $349M Ether Treasury

Source link

August 25, 2025 0 comments

GameFi Guides

Chamath Palihapitiya Returns With $250M SPAC Targeting AI

by admin August 20, 2025

Chamath Palihapitiya, former Facebook executive and once-called SPAC king, is making a high-profile return with American Exceptionalism Acquisition Corp. A, a $250 million blank-check company.

The special purpose acquisition company (SPAC) will seek mergers in artificial intelligence (AI), decentralized finance (DeFi), energy production, or defense, according to its latest regulatory filing.

As per the filing, the plan is to offer 25 million shares at $10 each. It will be listed under the ticker ‘AEXA’ on the New York Stock Exchange (NYSE), and Banco Santander will lead the offering. Further, Steven Trieu, Group CFO at venture firm Social Capital, has been appointed as the CEO, with Palihapitiya acting as Chairman.

Palihapitiya, Founder of Social Capital, has invested in key startups across these sectors, including AI firm Groq, clean-energy company Palmetto Clean Technology, and defense innovator Saildrone Inc. He also backs crypto-related ventures and has been a long-time advocate of Bitcoin, blockchain, and stablecoins.

Investors are chasing high-growth sectors. CoreWeave Inc. shares have jumped 132% since March, Nvidia Corp. added $1.1 trillion in market value over the past year, and DeFi platforms like Circle Internet Group Inc. and Bullish surged after recent IPOs. Defense stocks, including Palantir Technologies Inc., soared nearly 400% in the past year.

Despite the excitement, Palihapitiya warned retail investors about the high risks, noting that five of his previous SPACs, including Virgin Galactic Holdings Inc., lost significant value post-merger.

Experts say Palihapitiya’s profile and connections could help the SPAC succeed. Louis Camhi of RLH Capital noted that “serial dealmakers like Chamath often attract investors eager for high-growth exposure.”

Jay Ritter, finance professor at the University of Florida, added that the SPAC’s success depends on finding a quality target at a fair price.

Also Read: TeraWulf Lands $3.7B AI Data Deal with Google-Backed Fluidstack

Source link

August 20, 2025 0 comments