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U.S. publicly traded company NIP Group announces entry into Bitcoin mining industry

3 hours ago

On July 1st, as per Globenewswire, the publicly traded company NIP Group in the US (NASDAQ: NIPG) declared its entry into the Bitcoin mining domain. NIP Group has signed a definitive asset purchase agreement to obtain cryptocurrency mining machines for Bitcoin mining from Fortune Peak Limited and Apex Cyber Capital Limited. A dedicated digital computing division has been established by NIP Group to handle the operation of the acquired products.

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US Stock XRP Reserve Company Webus Intraday Gain Widens to 87.44%

On July 1st, based on market data, the U.S.-listed mobile transportation service provider Webus International Limited (WETO) witnessed its intraday gain expand to 87.44% and then narrow back. Currently, it is up by 22.4%, with a stock price of $2.668 and a trading volume of $148 million USD. Today, Webus announced that it had received a $100 million credit line from Ripple Strategy, which may be used to establish an XRP reserve.

5 minutes ago

U.S. Stock Listed Company Webus Secures $100 Million Ripple Line of Credit for XRP Treasury Building

On July 1st, as per the report from globenewswire, the U.S.-listed mobile ride-hailing service provider Webus International Limited (WETO) has entered into a conditional securities purchase agreement with Ripple Strategy Holdings. This enables it to obtain a credit line of up to $100 million in preferred stock. Once the registration statement is made effective by the U.S. Securities and Exchange Commission (SEC) and approved by the company's existing underwriters, the $100 million commitment will be disbursed at the company's discretion over a period of 24 months. Each drawdown amount will range from $250,000 to $3 million, depending on market conditions and capital requirements. On May 30th, Webus International Limited announced that it is in the process of exploring a financing strategy of up to $300 million with the aim of establishing an XRP reserve through diversified non-equity financing instruments.

5 minutes ago

CZ: "A few months ago, I personally donated $10 million worth of BNB to Vitalik to support his open-source bioinformatics project."

On July 1st, the founder of Binance, CZ, posted stating, "A few months ago, in addition to investing in YZi Labs, I personally donated $10 million worth of BNB to Vitalik to support his open-source biotech project. Recently, I have also made donations to several other charitable organizations and have achieved certain good results. I will soon share some of these achievements."

5 minutes ago

Pakistan Plans to Deploy Bitcoin Reserves to DeFi Protocol for Yield

On July 1st, as reported by Cointelegraph, Bilal Bin Saqib, the Chief Advisor of Pakistan's Cryptocurrency Committee, indicated that they are in the process of deploying Pakistan's national Bitcoin reserve to a DeFi protocol with the aim of earning yield in the future. The Pakistan Crypto Committee submitted a draft of the National Bitcoin Reserve legal framework on June 6th, and the Ministry of Finance has agreed to expedite the approval process. The government seeks to take the lead in the development and adoption of digital assets among global southern nations. Bilal Bin Saqib was appointed as the Chief Advisor of the Pakistan Crypto Council in March 2025 and is responsible for guiding Pakistan in integrating cryptocurrency and blockchain technology into its financial ecosystem, ensuring the formulation of regulatory frameworks in line with global best practices. Michael Saylor will also serve as an advisor to assist Pakistan in establishing a Bitcoin reserve.

5 minutes ago

Bitcoin Falls Below $106,000

On July 1st, based on HTX market data, Bitcoin fell below $106,000, with a 24-hour decline of 1.17%.

5 minutes ago

Powell: Believes a Stablecoin Framework Needs to Be Established, Making Progress Currently

On July 1st, Federal Reserve Chair Powell stated: We think it is essential to establish a framework for stablecoins and are currently making advancements. (FX168)