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Corporate Bitcoin Adoption Forges Ahead as More Listed Firms Ride the Wave The latest purchase comes from NYSE-listed Genius Group (GNS). On Jan. 10, GNS reported increasing its bitcoin holding to $35 million, which was ahead of its scheduled target of $120 million. In the process, it acquired 372 BTC at an average price of $94,047 per bitcoin. The first announcement came on Nov. 12, when it announced its "Bitcoin-first" strategy. On Tuesday, GNS also reported a rights offering, allowing shareholders to purchase additional shares at discounted prices. If fully subscribed, the rights offering could generate $33 million. GNS founder and CEO Roger Hamilton intends to buy join in the rights offering and buy 500,000 shares. The firm is also pursuing loan finances to accumulate bitcoin. Shares of GNS closed 7% higher on Tuesday. Apart from GNS, Nasdaq-listed Ming Shing Group (MSW), a wet trades works service provider, also purchased 500 BTC at an average price of $94,375 per bitcoin. MSW shares were up 43% higher year-to-date. The new wave of bitcoin treasury adoption surges ahead with four publicly traded companies announcing bitcoin buys and seven companies announcing a strategy, but no acquisition. #bitcoin.”
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Hamster Kombat is a viral Telegram-based crypto game that lets users mine Hamster coins by running your own virtual crypto exchange. In this game, players assume the role of a hamster CEO, managing a fictional crypto exchange with the goal of propelling it to industry dominance. Players can achieve success by strategically investing in key areas such as marketing, talent acquisition, product development, licensing, and more. Combining strategy with fun, Hamster Kombat also teases an upcoming token launch and airdrop on The Open Network (TON), adding extra excitement and potential player rewards. The native coin, HMSTR, serves as the in-game utility token for Hamster Kombat, playing a critical role in multiple functions: In-Game Currency: Used to purchase items like character skins, as well as upgrades and services like premium customer support, community tools, and SDKs for game developers. Exclusive Access: Unlocks special events, PvP battles, squad-based activities, and live events available for a limited time. #HMSTR $HMSTR
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Prom is a modular ZkEVM Layer 2 that enables interoperability across various chains, including both EVM and non-EVM compatible networks. Prom submits its proof of transaction to the additional chains on top of the chosen Settlement chain, building the bridge between ecosystems. Prom utilizes zkSNARKs to optimize transaction efficiency. It maintains EVM compatibility, facilitating seamless integration with Ethereum-based applications, and inherits robust security features. The solution operates across both EVM and non-EVM networks, enabling interoperability and multichain functionality. As per the project, this results in a high level of decentralization and promotes 100% uptime. Secondly, Prom supposedly prioritizes efficiency and scalability, thereby reducing costs and enhancing scalability through the implementation of zkSNARKs. The platform reportedly boasts high-speed transactions, facilitated by Polygon Zero's technology, enhancing transaction speeds. Moreover, Prom inherits Ethereum's Layer 2 security measures to uphold the highest standards of data integrity and offers EVM compatibility allowing seamless integration within familiar EVM environments. #prom $PROM
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Jito Network contributes to the Solana ecosystem with its JitoSOL liquid staking pool and a range of MEV (Maximum Extractable Value) products. It allows users to convert their SOL into JitoSOL, providing them with the benefits of SOL’s liquidity and DeFi capabilities, along with additional yields from staking. Uniquely, JitoSOL also rewards its holders with extra earnings from transaction fees generated through MEV activities on Solana. MEV refers to the potential profits that arise from the specific sequencing of transactions. The Jito Foundation was established to mitigate the adverse effects of MEV. It aims to distribute MEV profits fairly and enhance transparency in the process. Jito has released an open-source validator client intended to foster a competitive environment for MEV extraction. This client introduces an auction system within each block, allowing traders to bid for the right to extract MEV from that block. The highest bidder in each block then gets the chance to capitalize on the MEV opportunities. JTO is the native token in the Jito Network, empowering token holders to make crucial decisions that guide the network's evolution and ensure its relevance to both its users and the broader Solana ecosystem. Token holders have several responsibilities, including setting fees for the JitoSOL staking pool, adjusting delegation strategies by managing parameters of the StakeNet programs, overseeing the DAO's treasury of JTO tokens and the earnings from JitoSOL, and contributing to the continuous enhancement of Jito’s protocols and products. #jto $JTO
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AIXBT is a AI-powered platform that delivers crypto market intelligence, empowering token holders with a strategic advantage in the fast-changing cryptocurrency landscape. By utilizing advanced narrative analysis and alpha-driven insights, AIXBT streamlines the process of monitoring and interpreting market dynamics. The platform focuses on integrating diverse data sources and tools to provide users with actionable intelligence, enabling more informed decision-making and a holistic view of market trends. #AIXBT $AIXBT
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