PANews reported on September 29th that CoinDesk has appointed Nikolaos Bougalis, former Ripple engineering lead and veteran cryptography expert, as CTO. He will be responsible for advancing the 2025 technology roadmap, focusing on strengthening decentralization, scalability, and security, and promoting enterprise adoption. He will collaborate with Algorand Technologies on privacy, quantum resistance, and performance optimization. His US-based role aims to expand collaboration with businesses and institutions focused on compliant infrastructure. Meanwhile, the ALGO token rose approximately 2.6% over the past 24 hours. According to the same page, DL Holdings purchased 2,995 Antminer S21 mining machines from Bitmain for US$41.1 million, bringing the total number of mining machines to 5,195, with a hash rate of 2.1 exahashes per second. The company plans to become the largest listed mining company in Hong Kong within two years and promote the tokenization of the mining industry and AI optimization.

ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets. Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.Read more

