PANews June 18 news, according to CoinDesk, OP Labs product manager Sam McIngvale said that in the next five years, every fintech company will operate its own blockchain. He pointedPANews June 18 news, according to CoinDesk, OP Labs product manager Sam McIngvale said that in the next five years, every fintech company will operate its own blockchain. He pointed

OP Labs Product Manager: It is estimated that every fintech company will run its own blockchain in the next five years

2025/06/18 17:24

PANews June 18 news, according to CoinDesk, OP Labs product manager Sam McIngvale said that in the next five years, every fintech company will operate its own blockchain. He pointed out that Coinbase's Layer2 network Base has been a great success since its launch in 2023, attracting many users and developers. It is combined with Coinbase's Bitcoin-backed loans to monetize idle crypto assets. Base is built with Optimism's OP Stack and is one of the largest Layer2 networks. Its success indicates industry trends. McIngvale also said that traditional custody of cryptocurrencies is costly, and L2 chains make lending more convenient. At present, many crypto exchanges around the world have launched Layer2 blockchains similar to Base, and fintech companies such as Robinhood are also exploring their own L2 networks. McIngvale believes that as the technology matures, users will no longer tolerate the high latency and high cost experience of early blockchains, and the industry is moving towards more efficient asset utilization.

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Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin!

Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin!

The post Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin! appeared on BitcoinEthereumNews.com. While the number of Bitcoin (BTC) treasury companies continues to increase day by day, another Nasdaq-listed company has announced its purchase of BTC. Accordingly, live broadcast and e-commerce company GD Culture Group announced a $787.5 million Bitcoin purchase agreement. According to the official statement, GD Culture Group announced that they have entered into an equity agreement to acquire assets worth $875 million, including 7,500 Bitcoins, from Pallas Capital Holding, a company registered in the British Virgin Islands. GD Culture will issue approximately 39.2 million shares of common stock in exchange for all of Pallas Capital’s assets, including $875.4 million worth of Bitcoin. GD Culture CEO Xiaojian Wang said the acquisition deal will directly support the company’s plan to build a strong and diversified crypto asset reserve while capitalizing on the growing institutional acceptance of Bitcoin as a reserve asset and store of value. With this acquisition, GD Culture is expected to become the 14th largest publicly traded Bitcoin holding company. The number of companies adopting Bitcoin treasury strategies has increased significantly, exceeding 190 by 2025. Immediately after the deal was announced, GD Culture shares fell 28.16% to $6.99, their biggest drop in a year. As you may also recall, GD Culture announced in May that it would create a cryptocurrency reserve. At this point, the company announced that they plan to invest in Bitcoin and President Donald Trump’s official meme coin, TRUMP token, through the issuance of up to $300 million in stock. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/another-nasdaq-listed-company-announces-massive-bitcoin-btc-purchase-becomes-14th-largest-company-theyll-also-invest-in-trump-linked-altcoin/
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BitcoinEthereumNews2025/09/18 04:06