• USD1 goes cross-chain with Chainlink CCIP.
• Chainlink powers secure USD1 transfers.
• USD1 works on Ethereum and BNB Chain.
• Stable USD1 gets multi-chain boost.
• USD1 expands DeFi reach via Chainlink.

World Liberty Financial has partnered with Chainlink to expand the USD1 stablecoin across multiple blockchains using Chainlink CCIP. The collaboration aims to remove ecosystem silos by enabling seamless USD1 transfers between Ethereum and BNB Chain. This marks a significant push to scale USD1’s availability and cross-chain utility across decentralized finance.

Pundi Wallet now supports @worldlibertyfi #USD1 stablecoin on both @BNBCHAIN and @Ethereum 🔥$PUNDIX $WLFI pic.twitter.com/L6WOumKKQl

— Pundi X Labs (@PundiXLabs) May 16, 2025

USD1 Gains Multi-Chain Access Through Chainlink CCIP

World Liberty Financial integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable secure USD1 transfers across supported blockchain networks. The USD1 stablecoin, backed by U.S. Treasuries and cash equivalents, recently surpassed $2 billion in market cap. This move aims to improve USD1 accessibility and functionality across decentralized ecosystems.

Chainlink CCIP adds a critical security layer to the USD1 ecosystem, mitigating past bridge vulnerabilities. Chainlink’s infrastructure previously safeguarded over $75 billion in DeFi and powered $20 trillion in onchain transactions. With CCIP, USD1 transfers seamlessly between Ethereum and BNB Chain, with more networks expected.

This integration helps streamline USD1 use cases in real-world payment systems and DeFi protocols. USD1 now supports broader applications within cross-chain lending, trading, and settlement platforms. Chainlink’s standard ensures stability and scale as USD1 adoption increases across blockchain networks.

World Liberty Financial Pushes USD1 Beyond Single-Chain Limits

USD1 previously operated within isolated blockchain environments, limiting its reach and use across decentralized applications. Through this new collaboration, WLFI enables USD1 to function across chains without exposing it to past bridge-related security flaws. The integration addresses a key barrier in stablecoin growth—secure interoperability.

The CCIP upgrade builds on earlier WLFI efforts, where Chainlink price feeds supported an Aave v3 deployment using USD1. WLFI positions USD1 as a robust cross-border settlement solution within decentralized and traditional financial systems. USD1 becomes easier to use in multi-chain DeFi markets due to this enhanced functionality.

Additionally, WLFI co-founders confirmed that demand for a digital dollar stablecoin has driven rapid USD1 adoption. This partnership ensures that cross-chain performance aligns with the security needs of financial applications. Chainlink’s infrastructure now powers core transfers that make USD1 more widely available.

Chainlink Strengthens USD1 Infrastructure for Broader DeFi and TradFi Use

The collaboration leverages Chainlink’s trusted infrastructure to meet the institutional-grade demands required for USD1 adoption. USD1’s reserve model, backed by BitGo Trust with short-term Treasuries and cash, enhances trust and utility. Chainlink’s CCIP ensures this model functions securely across supported blockchain environments.

WLFI’s roadmap includes expanding USD1 to more chains, improving reach and simplifying integrations for decentralized applications. The firms launched access to cross-chain USD1 transfers through Transporter.io and other CCIP-integrated bridges. These platforms allow users to move USD1 between Ethereum and BNB Chain efficiently.

While USD1 still trails behind Tether and Circle in total market cap, it has gained momentum through unique partnerships and cross-chain capabilities. Chainlink’s infrastructure ensures USD1 remains secure as it enters new financial ecosystems. Consequently, USD1 is a reliable multi-chain stablecoin with expanding real-world usage.

Future Outlook

Chainlink and World Liberty Financial have strengthened the USD1 ecosystem through a secure, cross-chain integration powered by Chainlink CCIP. This partnership expands USD1’s presence across major blockchain networks and supports broader use in decentralized finance. With enhanced utility and secure infrastructure, USD1 continues its growth across the digital finance landscape

The post World Liberty Financial and Chainlink Unite to Expand USD1 Stablecoin Across Blockchains appeared first on CoinCentral.

• DFDV Soars 74% After BONK Partnership, Then Dips on Profit-Taking
• DeFi Development Corp. Skyrockets on Solana Validator Deal with BONK
• DFDV Gains 2,800% Amid Shift to Solana, Adds $2.3M in SOL Holdings
• BONK Partnership Fuels DFDV Rally as Firm Deepens Solana Strategy
• Stock Surge: DFDV Embraces Web3 with BONK Node and SOL Accumulation

DeFi Development Corp. (DFDV) surged 74.45% on May 16 during regular trading, closing at $156.99. The sharp rally followed the company’s announcement of a strategic partnership with Solana-based memecoin BONK. This integration included co-managing a validator node and acquiring additional SOL tokens.

DeFi Development Corp. (DFDV)

DFDV later dropped 15.47% in after-hours trading, falling to $132.70. The sharp decline followed a day of rapid gains and likely profit-taking. Despite the pullback, DFDV remains significantly higher than previous levels.

The rally continued a strong uptrend since DFDV pivoted from real estate tech to blockchain infrastructure. The firm’s new direction focuses on accumulating Solana’s native token, SOL. Consequently, the stock has gained over 2,800% since this strategic shift.

BONK Validator Partnership Triggers Price Jump

DeFi Development Corp. entered a validator partnership with BONK, Solana’s leading memecoin by user engagement and integrations. The agreement marked the first public-company alliance with a community token to operate validator infrastructure on Solana. Both entities will share staking rewards while expanding the validator’s stake.

This move strengthens DFDV’s validator expansion strategy and aligns with BONK’s aim to scale community staking operations. In addition to validator rewards, BONK’s liquid staking token, BONKSOL, will integrate with this effort. The collaboration signals growing ties between corporate players and decentralized networks.

BONK operates as a utility token on Solana, supporting over 400 integrations across decentralized applications. It is the second-most-used token on the chain, after SOL. Its wide availability across 13 chains enhances its accessibility and ongoing traction.

DFDV Adds to SOL Holdings Amid Strategic Pivot

One day before the validator announcement, DFDV acquired an additional 16,447 SOL tokens for $2.3 million. The company bought them at an average price of $139.66, below current market prices. This purchase raised its SOL reserves to 609,190 tokens worth over $107 million.

The acquisition supports the company’s treasury strategy, which centers on accumulating and compounding SOL over time. This approach mirrors other firms adopting token reserves on balance sheets. DFDV uses a proprietary SOL Per Share (SPS) metric to measure value per stock unit.

The firm previously operated as a real estate tech platform under Janover. However, it pivoted after former Kraken executives acquired a controlling stake. Since then, DFDV has focused on validator operations, digital assets, and Solana ecosystem expansion.

Future Outlook

DFDV’s rapid stock gains reflect growing market confidence in its Solana-based strategy. The BONK validator deal and increased SOL reserves position the company as a key participant in Web3 infrastructure. The integration marks a new chapter in converging corporate capital and decentralized community assets.

The post DeFi Development Corp. (DFDV) Stocks: Soar 74% After Integrating With Solana Memecoin BONK appeared first on CoinCentral.

• NetEase reported Q1 2025 earnings of $0.49 per share, beating analyst estimates
• Total revenue rose 7.4% year-over-year to RMB 28.83 billion ($4 billion)
• Gaming revenue grew 12%, led by flagship titles and new releases
• Non-gaming segments like Youdao and Cloud Music saw revenue declines
• NTES stock is up 38% year-to-date, with strong Q1 performance boosting sentiment

NetEase Inc. (NASDAQ: NTES) stock closed at $119.58, down 2.59% on the day, but remains up 38% year-to-date. At the same time, shares surged nearly 15% in intraday trading on Thursday, May 15th. The company reported strong first-quarter 2025 results on May 15, driven by significant growth in its gaming division.

NetEase Inc. ($NTES) Stock

Adjusted earnings per share came in at 3.50 yuan ($0.49), surpassing the 2.80 yuan consensus estimate. Revenue totaled 28.83 billion yuan ($4 billion), up 7.4% year-over-year and ahead of expectations.

$NTES … Reports Q1 (Mar) earnings of RMB 17.51 per share, RMB 3.60 better than the FactSet Consensus of RMB 13.91; revenues rose 7.4% year/year to RMB 28.83 bln vs the RMB 28.45 bln FactSet Consensus. pic.twitter.com/mZljNntnFF

— Marty Chargin (@MartyChargin) May 15, 2025

Games and related value-added services generated 24.05 billion yuan in revenue, a 12% increase, and roughly 1 billion yuan above forecasts. Online games alone contributed 23.5 billion yuan, up 15% from a year ago. PC games revenue surged 85% year-over-year, comprising 34% of total online gaming revenue.

Franchise Success and Global Expansion

CEO William Ding highlighted the strength of NetEase’s game portfolio, noting the success of long-standing franchises and recent launches like Marvel Rivals and FragPunk. Global titles such as Once Human and Where Winds Meet also contributed to the segment’s expansion.

The company continues to use AI technology to enhance gameplay, driving engagement and subscription sales across its platforms. NetEase’s innovation strategy has positioned it as a key player in China’s and the global gaming markets.

Non-Gaming Segments Face Pressure

While gaming thrived, other business lines underperformed. Youdao revenue declined 7% year-over-year to 1.3 billion yuan. NetEase Cloud Music fell 8% to 1.9 billion yuan. The Innovative Businesses and Others segment, which includes retail and advertising, declined 17% to 1.6 billion yuan. FragPunk also saw a quick drop in player engagement post-launch, highlighting challenges in sustaining momentum in the FPS genre.

Management acknowledged the need for improved monetization strategies, especially for mobile titles like Once Human, which showed strong user interest but limited revenue conversion.

Strong Profitability and Shareholder Returns

Gross profit for the quarter rose 9% to 18.5 billion yuan, with gross margin improving to 64.1%. Operating expenses were 8 billion yuan, or 28% of net revenue. Non-GAAP net income increased 32% year-over-year to 11.2 billion yuan ($1.5 billion), with basic earnings per ADS at $2.44.

The company declared a dividend of $0.675 per ADS and repurchased 21.6 million ADS for $1.9 billion, supported by a robust cash position of 137 billion yuan as of March 31, 2025.

Outlook

NetEase’s strong Q1 performance reinforces its standing in the global gaming market. With continued investment in new titles and AI integration, the company is well-positioned to drive future growth. Investors will watch closely how NetEase balances gaming strength with improvements in its underperforming segments in the quarters ahead.

The post NetEase Inc. ($NTES) Stock: Surges on Strong Gaming Revenue in Q1 2025 appeared first on CoinCentral.

• RBC Bearings (RBC) closed at $368.19 on May 16, 2025.
• Q4 FY25 EPS of $2.83 beat estimates by 5.6%.
• Net sales rose 5.8% year-over-year to $437.7 million.
• Aerospace/Defense revenue jumped 10.6%.
• FY26 Q1 outlook projects up to 6.8% sales growth.

RBC Bearings Incorporated (NYSE: RBC) closed at $368.17 on Friday as it released its Q4 and full-year fiscal 2025 results on May 16, 2025.

RBC Bearings Incorporated (RBC)

The precision bearings and components manufacturer exceeded earnings expectations, reporting adjusted EPS of $2.83, above the Zacks consensus of $2.68. This marked a 5.6% earnings surprise and improvement from $2.47 in the year-ago period.

Net sales for the quarter totaled $437.7 million, up 5.8% from Q4 FY24. However, this slightly missed consensus estimates by 0.71%. The Aerospace/Defense segment led the way with 10.6% growth, while the Industrial division rose 3.3%.

RBC Bearings Incorporated, $RBC, Q4-25. Results:
🟢 +1% Pre-Market

📊 Adj. EPS: $2.83 🟢
💰 Revenue: $437.7M 🔴
📈 Net Income: $72.7M
🔎 Aerospace/Defense growth powered Q4 sales to $437.7M with strong margins and record cash flow used to reduce debt. pic.twitter.com/JHKDAytFpq

— EarningsTime (@Earnings_Time) May 16, 2025

Margin Gains and Profit Growth

Gross margin expanded to 44.2%, up from 43.1% last year. Net income attributable to common stockholders climbed to $72.7 million, compared to $55.9 million in Q4 FY24. Adjusted net income reached $89.3 million, compared to $72.3 million a year ago.

Diluted EPS stood at $2.30, with the adjusted figure at $2.83. Operating income improved to $100.7 million, up from $94.2 million. SG&A expenses increased to $72.1 million, or 16.5% of sales, up from 15.6%. Interest expense declined sharply to $12.8 million due to debt reduction and interest hedging strategies.

Strong Full-Year Performance

For fiscal year 2025, RBC Bearings reported net sales of $1.64 billion, a 4.9% increase from FY24. Aerospace/Defense grew 14.1%, while Industrial inched up 0.2%. Gross margin rose to 44.4% versus 43.0% last year. Net income attributable to common shareholders rose to 14.3% of net sales, up from 12.0%.

Adjusted EBITDA margin improved to 31.8%, and RBC has now exceeded EPS estimates in three of the last four quarters.

Outlook and Backlog

The company expects Q1 FY26 revenue between $424.0 million and $434.0 million, representing a year-over-year growth rate of 4.4% to 6.8%. Gross margin is projected between 44.25% and 44.75%, with SG&A expected to range from 16.75% to 17.25% of sales.

RBC ended the quarter with a backlog of $940.7 million, up from $896.5 million in December 2024 and $821.5 million a year ago, indicating robust demand.

Stock Performance and Analyst View

RBC stock has risen 22.8% year-to-date, outperforming the S&P 500’s 0.6% gain. Despite the earnings beat, revenue misses in recent quarters have led analysts to assign a Zacks Rank #3 (Hold), suggesting the stock may perform in line with the market.

With a solid margin profile and growth in high-value Aerospace/Defense segments, investor focus will now shift to Q1 FY26 execution and updates on cost controls.

The post RBC Bearings (RBC) Stock: Q425 Earnings Beat Boosts FY25 Confidence appeared first on CoinCentral.

• Eric Council Jr. got 14 months for hacking the SEC’s X account and posting a fake Bitcoin ETF approval.
• He used SIM swapping and fake IDs to steal access and manipulate Bitcoin prices.
• The fake post briefly pushed Bitcoin up $1,000 before a quick drop.
• The case shows rising cyber risks in financial markets and weak security.
• DOJ and FBI prosecuted him to stop digital fraud and protect market trust.

A federal court sentenced an Alabama man to 14 months in prison and three years of supervised release for his role in a fake Bitcoin ETF announcement made through the hacked SEC social media account on 24 January 2024. The case involved a SIM swap attack that compromised the SEC’s official X account and triggered a sharp but brief spike in Bitcoin prices. Eric Council Jr., pleaded guilty in February to conspiracy charges involving identity theft and access device fraud.

Fraudulent Announcement Shakes Market

Eric Council Jr., 26, from Huntsville, Alabama, executed a SIM swap that gave him access to a phone number tied to the SEC’s X account. He used a fake ID created with stolen information to impersonate the victim tied to that phone number. Once access was secured, his co-conspirators used the account to publish a false post claiming the SEC had approved Bitcoin ETF listings.

The post led to an immediate surge in Bitcoin’s price, rising by over $1,000 within minutes. However, the SEC quickly corrected the misinformation, and Bitcoin dropped by more than $2,000 shortly after. Council received Bitcoin payments from his co-conspirators as compensation for his role in the scheme.

Authorities emphasized that this coordinated fraud aimed to manipulate markets using fake digital asset news. Council’s sentencing followed an investigation led by the FBI and the SEC’s Office of Inspector General. The announcement served as a warning that tampering with financial communications carries serious consequences.

SIM Swap Enabled Unauthorized Access

The scheme hinged on a Subscriber Identity Module (SIM) swap, a growing cybercrime tactic used to hijack phone numbers. Council obtained personal data from co-conspirators, used an ID printer to make a forged identification card, and successfully posed as the phone number’s rightful owner. This tactic granted him control of the victim’s number, which was tied to the SEC’s social media account.

The group bypassed two-factor authentication tied to the SEC’s X account. With the account in hand, they impersonated the SEC Chairman and posted a fake Bitcoin ETF approval notice. The coordinated timing and knowledge of crypto markets suggest a calculated attempt to profit from rapid price shifts in Bitcoin.

Officials noted that such schemes threaten public trust in financial information sources and pose serious cybersecurity risks. Law enforcement agencies involved stressed that the case highlights how advanced fraud methods are used to exploit digital platforms. The sentence aims to deter similar crimes targeting public institutions and financial systems.

Federal Response and Legal Action

The Department of Justice prosecuted the case through its Computer Crime and Intellectual Property Section and Fraud Section. Prosecutors charged Council with conspiracy to commit aggravated identity theft and access device fraud. Trial attorneys from the Justice Department and Assistant U.S. Attorney Kevin Rosenberg led the case in the District of Columbia.

The SEC and FBI emphasized their commitment to securing government accounts and protecting the integrity of financial information. Both agencies confirmed their ongoing cooperation to prevent further breaches and hold offenders accountable. The case sets a precedent for prosecuting digital asset manipulation involving public agencies.

The post Alabama Man Gets 14 Months Imprisonment for Fake SEC Bitcoin ETF Approval  Announcement appeared first on CoinCentral.

• Q1 adjusted EPS of $0.35 missed expectations; revenue fell 1.4% YoY.
• Net income dropped 27.4% to $53M, pressured by sales decline and rising costs.
• Simple Mills contributed $24.3M in sales but posted a $4.2M net loss.
• 2025 EPS guidance cut to $1.05–$1.15 vs. prior $1.18–$1.28.
• Shares were trading at $17.14 after the results, down 0.41% at press time.

On May 16th, 2025, Flowers Foods, Inc. (NYSE: FLO) reported Q1 results that fell short of expectations. FLO stock was trading at $17.14 following the earnings release, down slightly by 0.41%.

Flowers Foods, Inc. (FLO)

The company posted adjusted earnings per share of $0.35, missing analyst forecasts of $0.38. Revenue fell 1.4% year over year to $1.55 billion, below the $1.60 billion estimate. Net income dropped 27.4% to $53 million due to lower sales, higher SD&A and interest expenses.

Flowers Foods, $FLO, Q1-25. Results:
🔴 -8.8% Pre-Market

📊 Adj. EPS: $0.35 🔴
💰 Revenue: $1.55B 🔴
🔎 Simple Mills added revenue but posted a net loss; volume declined, though adjusted EBITDA improved slightly. pic.twitter.com/en9FrYqkVg

— EarningsTime (@Earnings_Time) May 16, 2025

Adjusted EBITDA came in at $162 million, up 1.6%, with margin improving 30 basis points to 10.4% of net sales. Diluted EPS was $0.25, down $0.09 year over year.

Simple Mills Acquisition Adds Sales but Cuts Into Profit

The recent acquisition of Simple Mills brought in $24.3 million in revenue for the quarter. However, it resulted in a net loss of $4.2 million and contributed only $3.6 million to adjusted EBITDA.

Its negative impact on adjusted diluted EPS was $0.02, adding to the company’s overall margin pressures. Despite the loss, Flowers Foods sees strategic value in expanding into faster-growing categories through acquisitions like Simple Mills.

Lowered 2025 Outlook Due to Tariff Headwinds and Category Weakness

The company revised its full-year 2025 guidance downward. Adjusted EPS is now expected between $1.05 and $1.15, down from the prior $1.18 to $1.28 range. This compares to a consensus estimate of $1.16.

Total net sales are forecasted at $5.297 billion to $5.395 billion, versus previous guidance of $5.403 billion to $5.487 billion. Excluding Simple Mills, Flowers now expects net sales of $5.079 billion to $5.170 billion—representing flat to modest growth.

Adjusted EBITDA guidance was also cut to $534 million–$562 million, from the earlier $560 million–$591 million range. Excluding Simple Mills, adjusted EBITDA is seen at $504 million–$529 million.

Management Comments and Strategic Efforts

CEO Ryals McMullian emphasized the resilience of its brands and said the company is investing in innovation, targeting growth areas, and working to gain shelf space and new business to offset weakness.

He acknowledged the challenge from tariffs and a tough consumer environment but stressed long-term transformation efforts aimed at driving future outperformance.

Key Financial Assumptions for FY2025

• D&A: $170M–$175M
• Net interest expense: $63M–$68M
• Tax rate: ~25%
• Capital expenditures: $140M–$150M
• 53rd week expected to contribute ~$70M–$80M in sales and ~$0.02 to EPS

While Flowers Foods still sees growth potential through strategic moves, its near-term outlook remains clouded by cost pressures and soft category demand.

The post Flowers Foods, Inc. (NYSE: FLO) Stock: Cuts 2025 Outlook as Tariffs and Sales Slowdown Weigh on Q1 Results appeared first on CoinCentral.

• BRC stock trades at $71.38, down 6.37% after Q1 earnings

• Q1 revenue rose 11.4% YoY to $382.6M but missed estimates

• Adjusted EPS hit a record $1.22, up 11.9% YoY

• Full-year EPS guidance narrowed to $4.48–$4.63

• $44.5M returned to shareholders via dividends and buybacks

 Brady Corporation (NYSE:BRC) shares declined 6.37% to $71.38 following its fiscal Q3 2025 (calendar Q1) earnings report.

Brady Corporation (BRC)

The company posted revenue of $382.6 million, representing an 11.4% increase year over year, though it missed analysts’ forecast of $386.6 million. Organic sales rose 1.6%, while acquisitions contributed 10.5%. A 0.7% currency headwind slightly offset gains.

🚨EARNINGS ALERT🚨

Notable earnings released for today:

Brady Corporation $BRC: $1.22 EPS vs $1.23 est. / $382.6M Revenue vs $386.61M est.

Flowers Foods Inc $FLO: $0.35 EPS vs $0.38 est. / $1.55B Revenue vs $1.6B est.

— The Tokenist (@thetokenist) May 16, 2025

Regionally, revenue in the Americas & Asia grew 12.9% while Europe & Australia saw an 8.7% increase. However, organic growth in Europe & Australia declined by 5.4%, signaling potential challenges outside North America.

Record Adjusted EPS and Tightened Outlook

Despite the revenue shortfall, Brady achieved a record adjusted diluted EPS of $1.22, a jump from $1.09 in the same quarter last year, aligning with Wall Street expectations. GAAP diluted EPS rose 3.8% to $1.09. Management cited strong organic sales in the Americas & Asia and continued investment in R&D and product development as key drivers.

The company updated its fiscal 2025 earnings guidance, narrowing its adjusted EPS range from $4.45–$4.70 to $4.48–$4.63. GAAP EPS guidance was lowered to $3.95–$4.10, down from $3.99–$4.24, factoring in restructuring and facility closure costs. The earnings date was May 16, 2025.

Profit Margins and Cash Flow Trends

Operating margin held steady at 17.6%, while free cash flow margin declined to 14.5% from 18.8% a year earlier. Income before taxes was $65.7 million, a 2.1% increase. On an adjusted basis, it climbed 11.5% to $74.4 million. Net income totaled $52.3 million, slightly higher than the $50.9 million recorded last year.

Strong Capital Return Program

Brady continued to reward shareholders by returning $44.5 million through share repurchases and dividends during the quarter. This included repurchasing 476,000 shares for $33.2 million and distributing $11.3 million in dividends. The company’s share count has declined 9.3% over the past five years, enhancing EPS growth.

Steady Long-Term Performance

Over the last five years, Brady’s annualized revenue growth stands at 5.4%, with EPS growing at a stronger 12.9% CAGR. These trends suggest improved profitability and operational efficiency. Analysts project 6.3% revenue growth over the next 12 months, in line with recent results and above sector averages.

Despite posting record EPS and a solid long-term growth profile, the stock fell as investors reacted to the revenue miss and cautious earnings outlook.

The post Brady Corporation (NYSE: BRC) Stock: Dips Despite 11.9% YoY EPS and Raised Buybacks appeared first on CoinCentral.

• Addentax plans to acquire $800M in crypto, including 8,000 BTC, via stock issuance.
• Company eyes Official Trump tokens alongside Bitcoin as part of digital asset push.
• ATXG stock drops nearly 10% despite announcing major crypto acquisition strategy.
• Deal involves equity-for-crypto swap to boost liquidity and blockchain exposure.
• Addentax shifts from textiles to digital finance, aiming for long-term crypto holdings.

Addentax Group Corp. (Nasdaq: ATXG) announced a strategic plan to acquire a significant crypto portfolio through equity financing. The company aims to obtain digital assets, including Bitcoin and Official Trump tokens, by issuing new common stock. ATXG stock declined nearly 10% today, trading at $0.6045 as of 12:23 PM EDT.

Bitcoin Acquisition Talks Underway

Addentax is in advanced discussions to acquire up to 8,000 BTC from a group of established crypto holders. Based on current market prices, the total value of the digital assets under negotiation stands at approximately $800 million. These talks remain non-binding, though the parties involved reportedly control the targeted assets.

The acquisition will proceed through a stock issuance model, exchanging equity for digital assets. This move reflects Addentax’s intention to diversify its holdings beyond traditional industries. The company seeks to improve liquidity while entering the digital asset market with scale.

ATXG has outlined the acquisition as part of a broader blockchain adoption strategy. The company aims to establish a presence in digital finance through substantial long-term holdings. The stock-based structure could also attract participants who are experienced in blockchain and decentralized markets.

Official Trump Token Considered

Besides Bitcoin, Addentax confirmed its interest in acquiring other mainstream tokens such as Official Trump. These assets are also expected to be exchanged using common stock rather than cash. The sellers involved reportedly hold both BTC and these alternative tokens.

Addentax believes that mainstream digital assets will enhance its balance sheet strength. This approach offers dual advantages: adding liquid assets while onboarding strategic stakeholders. These stakeholders could offer market access and technical knowledge in the evolving crypto sector.

The company stated that the transaction will support its efforts to integrate digital assets into its treasury strategy. This mirrors moves by other public firms that have adopted Bitcoin as a reserve asset. Consequently, Addentax anticipates long-term value through direct exposure to key blockchain instruments.

Stock Movement and Market Position

Despite the crypto acquisition news, ATXG shares experienced a sharp decline during early trading hours. The stock opened with volatility, briefly touching $0.67 before falling steadily throughout the morning. As of midday, the share price had dropped 9.78% amid broader market fluctuations.

Addentax operates primarily in logistics and textile manufacturing and is based in China. The new strategy marks a significant shift into financial technology and blockchain integration. If completed, the deal would represent one of a microcap U.S. company’s most considerable crypto asset acquisitions.

Market analysts note that the plan signals growing interest from traditional sectors in digital asset adoption. Addentax’s approach differs because it uses equity financing rather than fiat purchases to secure long-term crypto positions. The company expects this alignment to offer stability and growth potential.

Future Outlook

Addentax’s proposed $800 million crypto deal reflects an ambitious push into blockchain finance. The firm targets Bitcoin and other tokens through common stock issuance to diversify and strengthen its asset base. The outcome may reshape ATXG’s corporate direction and shareholder profile

The post Addentax Group Corp. (ATXG) Stocks: Eye $800M Bitcoin Portfolio via Stock Swap appeared first on CoinCentral.

• Ukraine plans to legalize a national Bitcoin reserve.

• It holds nearly $5B in Bitcoin from wartime donations.

• A new bill will manage and regulate these assets.

• Crypto leaders support the move; regulators are cautious.

• Ukraine may set a global example for state crypto reserves

Ukraine is preparing to formalize its Bitcoin reserve strategy, signaling stronger integration of digital assets into state finance. The country’s government already holds nearly $5 billion worth of Bitcoin, primarily from wartime donations. Authorities now intend to legalize and manage these assets through a proposed state crypto reserve framework.

Legislative Efforts Gain Momentum

Ukraine’s parliament is expected to receive a new bill to legalize a national Bitcoin reserve. Yaroslav Zhelezniak confirmed that he is finalizing the bill and will submit it in the coming weeks. This move highlights Ukraine’s commitment to regulating digital assets through state legislation.

💥JUST IN: Ukraine in final stages of preparing bill to create a National Bitcoin Reserve.

— Bitcoin Archive (@BTC_Archive) May 16, 2025

Although a broader bill on virtual assets faced delays, the crypto reserve initiative is moving independently. The previous draft law was withdrawn, reportedly influenced by the President’s Office and regulatory concerns. Despite this, lawmakers continue to push forward with crypto-related initiatives that align with national economic goals.

Besides setting legal grounds, the reserve would allow Ukraine to manage its growing crypto treasury under official oversight. Zhelezniak emphasized that the reserve would operate transparently and align with national financial policy. His office is coordinating with relevant financial authorities to ensure smooth implementation.

Current Holdings and International Standing

Ukraine holds approximately $4.8 billion in Bitcoin, making it one of the world’s largest state-level holders. These funds came mainly through global donations during the ongoing conflict with Russia. The government has not yet converted or reallocated these assets formally.

This places Ukraine behind only China, the United Kingdom, and the United States in total Bitcoin reserve size. It also strengthens Ukraine’s position globally as one of the most crypto-active nations. Consistently, the country has ranked high in digital asset adoption and blockchain activity.

With these holdings already in hand, creating a formal Bitcoin reserve becomes a strategic necessity. It would ensure better asset management, especially during financial planning and wartime logistics. Authorities believe this move will increase fiscal resilience and transparency in public crypto funds.

Industry and Regulatory Reactions

Kirill Khomyakov, who leads Binance operations in key global regions, welcomed Ukraine’s Bitcoin reserve proposal. Given the current framework’s limitations, he acknowledged that major legal updates would be needed. However, he indicated that more explicit rules could follow from this process.

Regulatory bodies have shared mixed responses, though some denied delaying the broader digital asset bill. The National Securities and Stock Market Commission submitted over 80 amendments but claimed no role in blocking its progress. Meanwhile, dialogue between lawmakers and regulators continues to refine future digital finance rules.

The state’s crypto strategy aligns with Ukraine’s broader effort to modernize financial systems amid war and global uncertainty. While many countries rejected reserve proposals, Ukraine is pressing forward. As more details emerge, its Bitcoin reserve plans could influence regional crypto policy.

Global Context of State Crypto Reserves

In 2025, more nations began exploring the idea of a strategic Bitcoin reserve, but most plans stalled. Countries like South Korea, Switzerland, and South Africa faced political and regulatory resistance. Their central banks often cited legal risks and unclear policy impacts.

However, nations like El Salvador, Bhutan, and the U.S. already maintain state-level crypto reserves. The Czech Republic also planned to hold Bitcoin as part of its strategic reserve assets. These developments show that state-level adoption of Bitcoin is gaining momentum in specific regions.

Ukraine joins this limited group by taking real legislative steps to institutionalize its crypto reserves. Its progress could be a model for other nations with significant public crypto holdings. The move underscores how Bitcoin reserve strategies evolve beyond theory into practical governance.

The post Ukraine Plans State Bitcoin Reserve as Bitcoin Holdings Near $5B appeared first on CoinCentral.

• The GENIUS Act will face a Senate vote in mid to late May.
• Pro-crypto senators are confident that the bill will pass despite opposition.
• Senator Cynthia Lummis and Senator Kirsten Gillibrand support a late May timeline.
• The GENIUS Act aims to regulate stablecoins and protect smaller financial participants.
• Opposition from Senator Elizabeth Warren may lead to changes, but not to the bill’s core features.

According to emerging developments in Washington, the proposed GENIUS Act may soon receive Senate approval. Despite opposition, multiple sources suggest the bill could pass in mid to late May. Supporters believe the GENIUS Act will transform financial markets and help establish strong cryptocurrency regulations nationwide.

Pro-Crypto Senators Signal Confidence as GENIUS Act Gains Momentum

Support from leading pro-crypto senators continues to grow, with many expressing optimism about the GENIUS Act’s path forward. They believe bipartisan backing and recent amendments increase its chances of success in the Senate. While opposition remains, the bill’s core framework appears intact.

SCOOP: My DC sources indicate that the #GENIUSACT could be passed in the next week. Clear efforts by @SenWarren and key staff members on the Hill have been made to thwart this legislation. Yes, there will be some changes to this bill, but the core of #stablecoin legislation to…

— PaulBarron (@paulbarron) May 16, 2025

Senator Cynthia Lummis mentioned May 26 as a possible target date, aligning with Memorial Day discussions in the chamber. Senator Kirsten Gillibrand reportedly supports this projection and emphasized the importance of timely action. Meanwhile, other lawmakers believe the GENIUS Act could advance earlier, possibly in the third week of May.

The bill’s supporters claim it addresses key gaps in stablecoin regulation, especially around consumer protections and issuer obligations. According to sources, it would promote innovation while ensuring accountability for stablecoin issuers. These regulatory measures aim to create a competitive and safe environment for digital finance.

Senate Moves Forward with GENIUS Act

Although resistance continues from some anti-crypto lawmakers, it has not significantly altered the GENIUS Act’s primary objectives. Senator Elizabeth Warren and certain Capitol Hill staff members have pushed for modifications. However, analysts suggest these limited changes will not undermine the bill’s core intent.

The proposed GENIUS Act is designed to support financial inclusion and protect small participants in the digital asset space. Its authors believe fair regulation can enhance access to stablecoin-based solutions for everyday financial needs. The bill also outlines clear licensing standards for stablecoin issuers.

Reports suggest that debates remain over specific language, but consensus is building around key parts of the legislation. As momentum grows, political observers expect compromise over secondary clauses. The GENIUS Act remains on track to move forward despite internal disagreements.

GENIUS Act Seen as Central to US Crypto Leadership Strategy

The bill is promoted as a step toward national leadership in blockchain policy and digital asset integration. Supporters believe it aligns with wider goals to modernize financial systems through responsible cryptocurrency adoption and views it as a framework for future legislation across digital finance.

According to a self-described angel investor, the bill also complements former President Donald Trump’s broader plans to prioritize crypto innovation. He claimed internal government discussions support the notion of Senate approval during the third week of May. Proponents argue the bill will enhance US’s credibility in global crypto policy development.

House Financial Services Committee Chair French Hill maintains that the GENIUS Act and other financial reforms could be signed into law before August. He confirmed that the legislative process is advancing steadily with coordinated efforts across congressional bodies.

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