chad

According to The Block, Nasdaq-listed Solana reserve company DeFi Development Corp. (DFDV) announced that it will raise the annual dividend yield of its CHAD preferred stock from 13% to 14%, effective November 2. Based on a par value of $10 per CHAD share, the annual dividend will increase from $1.3 per share to $1.4 per share, paid once every business day, contingent upon the company's board declaring the dividend. The company stated that future funds raised from CHAD issuance will be used to expand its Solana reserves, which generate income through staking and validating node operations.CEO Joseph Onorati stated that raising the dividend yield to 14% will help expand investor participation and grow the scale of CHAD. He noted that the appeal of CHAD lies in providing double-digit dividend income through Nasdaq-listed preferred securities, with daily payouts, while the issuer holds income-generating SOL reserves. The company aims to position CHAD as a leading digital credit tool, enhancing the ability to accumulate SOL, adding value for common stock shareholders, while maintaining prudent capital management.DeFi Development increased its holdings by approximately 22,070 SOL and equivalent assets last week, raising its total holdings to about 2.59 million SOL; the company stated that CHAD reached a new trading price high that week and recently approved a buyback plan to repurchase up to all issued CHAD shares.

According to The Block, Nasdaq-listed Solana Treasury company DeFi Development Corp. (DFDV) announced that it has approved an open-ended buyback plan to repurchase all outstanding shares of its CHAD preferred stock, including any shares that may be issued in the future.The plan gives the company flexibility to repurchase when the trading price of CHAD is below the $10 par value. The company stated that it does not intend to immediately buy back CHAD but hopes that the preferred stock will stabilize near the par value first.DeFi Development CEO Joseph Onorati stated that the company's primary goal is simple: to bring CHAD back to par value. He mentioned that this is not an announcement to buy CHAD today, but rather to set up the infrastructure, so that once CHAD stabilizes near par value, if it subsequently falls below par, the company will have an additional tool available. He also stated that the company views CHAD as a long-term financing platform rather than a one-time issuance.This open-ended authorization adds a potential funding allocation tool to DeFi Development's existing $300 million At-the-Market (ATM) issuance plan for CHAD, which the company previously stated would be used to raise funds for increasing its holdings of SOL. The company paid the first dividend on CHAD on October 1.Additionally, the company stated on Monday that preliminary estimates for the third quarter show that as its Solana Treasury increased to 2.56 million SOL over the past week, the net asset value per share has more than doubled compared to before. DFDV's stock price rose 3.3% during Tuesday's trading session.

BitcoinTreasuries.NET posted on platform X that DFDV rose over 10% to $5 on the same day. DeFi Development Corp CEO Joseph Onorati stated that his team closely observed the development of STRC and SATA by Strategy and Strive; the newly launched Solana-supported preferred stock CHAD by DeFi Development Corp drew on the experiences of both.

According to GlobeNewswire, Solana Treasury Company DeFi Development Corp. (Nasdaq: DFDV) has increased its total holdings of SOL by 55,491 coins since August 27, currently holding approximately 2,388,900 SOL and SOL equivalents, an increase of about 2%.At the same time, the company announced the establishment of a variable rate Series C perpetual preferred stock (Nasdaq: CHAD) ATM program with a cap of $300 million, with R.F. Lafferty & Co. serving as the exclusive sales agent. The issuance price is expected to be no less than $10 per share par value, and the net proceeds will primarily be used to increase SOL holdings.The company stated that the establishment of the CHAD ATM program does not represent an immediate initiation of financing, and the company is under no obligation to sell any shares.

According to The Wall Street Journal, DeFi Development Corp. (NASDAQ: DFDV) announced that its variable rate C series perpetual preferred stock "CHAD Stock" has been priced for its initial public offering on September 3, with a total of 1.375 million shares issued at a price of $8 per share; the underwriters also received an option to purchase an additional 206,250 shares within 30 days.The company expects the gross proceeds from this offering to be approximately $11 million (before deducting underwriting discounts, commissions, and offering expenses), with the transaction scheduled to settle on September 8. The net proceeds will be used for general corporate purposes, including the purchase of Solana (SOL) and other digital assets, strategic transactions, and growth plans.

According to Catcher Predict monitoring, the event "UFC 330: Islam Makhachev vs. Ian Machado Gary (Welterweight, Main Event)" is currently among the top trading activities on the prediction market Polymarket, with a cumulative pool size reaching $2,402,700. The option with the highest market consensus is "O/U 0.5 Rounds," corresponding to a winning probability of approximately 95%.

Paxos co-founder Chad Cascarilla stated that Paxos has applied to the SEC to become a clearing agency. This move will allow Paxos to directly hold bonds and stocks and issue them natively on-chain, enabling users to hold the actual underlying assets instead of derivatives.

According to ChainCatcher news, after Elon Musk announced that he plans to name the Grok male AI companion "Valentine," the meme coin named Valentine saw its market value rapidly surpass $17 million, skyrocketing by 90,000% within 1 hour.Meanwhile, other related meme coins experienced significant declines, such as TAKI dropping 84% within 1 hour, CHAD falling by 97%, and ANDREJ decreasing by 92%.

ChainCatcher news, Bitget on-chain trading has launched the Solana ecosystem MEME tokens CHAD, WORTHLESS, and TAKI. Users can start trading in the on-chain trading section.

ChainCatcher news, BitMEX co-founder Arthur Hayes posted on the X platform that a significant portion of Trump's supporters do not hold substantial financial assets. He believes that those who do not own stocks have a clear sense of schadenfreude towards stockholders, which allows Trump to firmly advance his tariff policies, confident that this stance still enjoys broad popularity among his core voter base.

ChainCatcher news, according to official news, Coinbase has announced that it will increase support for Gigachad (GIGA).If liquidity conditions are met, trading will begin on December 11, 2024, at 9 AM Pacific Time or later. Once the supply of the asset is sufficient, the GIGA-USD trading pair will be launched in phases, and support for GIGA may be limited in certain supported jurisdictions.

ChainCatcher news, according to Bitcoin Magazine on the X platform, Venezuelan opposition leader María Corina Machado has proposed using Bitcoin as a national reserve asset.

ChainCatcher news, South Korea's Delabs Games has announced the launch of the baseball-themed Telegram click game Giga Chad Bat.CEO Joonmo Kwon stated that the game will incorporate Web3 features, prioritizing player interaction and community engagement.Giga Chad Bat players can earn points through competition and convert them into GAME tokens. Delabs Games also launched Rumble Racing Star in February this year and has raised $12 million.

ChainCatcher news, Slow Mist Technology founder Yu Xian tweeted: "NFTs marked as blacklisted by OpenSea can be sold by hackers through the matchAdvancedOrders function of the OpenSea Seaport protocol. This bypasses OpenSea's security policy (blacklisted items cannot be sold), but it requires a buyer to bid on the offer." (source link)