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first_img AsiaStrategy and Plume signed a memorandum of understanding to promote asset tokenization in Asia

Nasdaq-listed company AsiaStrategy (stock code: SORA) announced on October 1 that it has signed a non-binding memorandum of understanding with the institutional asset open financial platform Plume to explore the establishment of a joint venture aimed at investors in Asia and other markets outside the United States, focusing on the structuring, issuance, and distribution of tokenized financial products.According to the memorandum, Plume will provide tokenized infrastructure, technical capabilities, and regulatory qualifications, including registrations and licenses in several jurisdictions; AsiaStrategy and the broader Sora Ventures network will provide project initiation, distribution, and capital market channels for the Asian market, covering Japan, South Korea, Hong Kong, Thailand, and the United Arab Emirates. The two parties plan to first advance products that combine mature asset classes with compliant on-chain distribution, with the product range, structure, and launch sequence still under discussion, and no products have yet been launched or offered to investors.Jason Fang, Chairman and Co-CEO of AsiaStrategy, stated that tokenization will become the default method for the issuance and holding of many financial assets, with Asia leading the way. The company is registered in the Cayman Islands and headquartered in Hong Kong, with its business having expanded from luxury watch trading to Bitcoin vault management, digital asset collateralized lending, and related financing and tokenization initiatives. Plume's flagship protocol, Plume Vaults, opens assets from institutions such as Apollo, WisdomTree, and Hamilton Lane through compliant, non-custodial vaults, with investors including Apollo Global Management, Galaxy Digital, and Brevan Howard.

first_img Analysis: Robinhood's popular meme only 41% of wallets are profitable

On-chain data analyst obchakevich_ stated that after analyzing the meme coin holdings on Robinhood Crypto, it was found that only a few wallets are in profit. The nine most popular meme coins cover 373,000 independent wallets and 540,000 positions, while there are another 160,000 positions for random tokens on four launchpads.Among the popular targets, only 41% of wallets show a positive balance, with none of the groups reaching half. Among random tokens, Noxa is at 36.7%, Doppler at 33.2%, and Pons V1 at 14.7%. Typical buyers of well-known memes have lost 1.7%, while typical buyers of random Pons V1 tokens have lost 67%. Among 355 random tokens held by at least 10 buyers, only 5 have made most buyers profitable, accounting for 1.4%.Tokens leaving the joint curve to enter the liquidity pool do not equate to becoming popular targets. 2% of the issuance on Pons V2 has reached this stage, with 36% of positions being positive. Positions that were bought and sold only once have about one-third in profit, while 59% of positions with 51 to 200 transactions are positive. Positions with no less than 11 transactions account for 14%, contributing to 89% of realized profits, which is $165 million out of $185 million. The statistics were compiled using Dune queries, covering the period from June 1, 2026, to October 8, 2026, with a starting position of $10, and identifying traders based on token flow.

Gate founder and CEO Dr. Han and Max Verstappen appeared at TOKEN2049, participating in a special handprint commemorative ceremony together

Four-time F1 World Champion and Red Bull Racing driver Max Verstappen participated in a roundtable discussion on the main stage of TOKEN2049 in Singapore. Following this, at the invitation of Gate, he joined platform founder and CEO Dr. Han and teammate Isack Hadjar for an exclusive handprint ceremony. Previously, Max Verstappen engaged with the guests on topics related to racing performance, on-the-spot adjustments, and competition. The subsequent handprint ceremony extended the stage interaction to the Gate on-site event, becoming a special memento left by the three during TOKEN2049. After the handprint ceremony, Max Verstappen and Isack Hadjar also went to the Gate Lounge to participate in a driver meet-and-greet, where they signed autographs, took photos, and interacted with guests.As the official sponsor of the F1 Red Bull Racing team, Gate continues to bring top-tier racing culture into the Web3 industry through various forms such as stage discussions, handprint commemorations, booth interactions, and driver meet-and-greets. This handprint ceremony also became a special segment in the series of interactions between Gate and the F1 Red Bull Racing team during TOKEN2049. Gate will leverage this collaboration to further expand the connection between digital assets and global sports as well as mainstream culture.

first_img Fairshake announced the list of 32 current members of the U.S. House of Representatives it supports

The cryptocurrency industry's main political action committee Fairshake has announced a new list of endorsements, supporting 32 current members of the U.S. House of Representatives in the November elections, including 13 Democrats and 19 Republicans. According to Fairshake spokesperson Geoff Vetter, six of them will each receive $1 million in support from Fairshake and its affiliated organizations. Vetter stated that Fairshake supports pro-crypto candidates from both parties who advocate for American innovation.The three Republicans receiving significant support are House Financial Services Committee Chairman French Hill, senior committee member Bill Huizenga, and Bryan Steil, who also serves as chairman of the Digital Assets Subcommittee. On the Democratic side, Nevada Representative Steven Horsford and California Representative Derek Tran received higher support, both earning an A rating in the digital asset issue assessment from Stand With Crypto, along with Oregon Representative Janelle Bynum. Bynum defeated Republican Lori Chavez-DeRemer two years ago to win her seat, the latter having previously served as Labor Secretary under the Trump administration.These members largely come from the House fundraising committee and the key Financial Services Committee, which will handle cryptocurrency tax issues. Vetter noted that Fairshake has supported 53 winners in 57 primary campaigns, aiming to create the largest pro-crypto caucus in American history.

first_img Energy developer FSE signed a memorandum with Loaf to plan a blockchain project for over 500 million dollars in photovoltaic energy

Energy developer Fusion Source Energy (FSE) and its partners have signed a memorandum of understanding with the on-chain physical asset platform Loaf to promote the issuance of over $500 million in Australian photovoltaic and battery projects on-chain, covering more than 1,000 hectares, led by the over 200 megawatt Project Amber. According to the memorandum, the funds raised are expected to accelerate project development and expand Amber's battery capacity.Amber is a utility-scale photovoltaic park that will deploy over 200 megawatts of photovoltaic and multi-hour battery storage on-site, with an expected annual power generation sufficient to meet the electricity needs of over 70,000 households, or equivalent to the electricity demand of a 50 megawatt data center. The project pipeline also includes battery storage assets below 5 megawatts and distributed energy resources, which are modular assets closer to the electricity end, capable of forming diversified energy revenue across multiple sites in Australia.FSE CEO Weiwei Shi stated that Amber is one of the largest hybrid on-site projects in the Southern Hemisphere, which have traditionally only been open to a few institutional investors. Loaf can expand the investor base without adding extra friction and provide continuous, transparent pricing for the assets.Loaf stated that Project Amber will become a key asset in its ecosystem. As the project matures and begins trading, users will be able to go long or short and use these assets within the on-chain financial ecosystem. Loaf will participate in the on-chain trading and issuance of physical assets, allowing users to access the economic upside and returns of related infrastructure assets.
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