lits

According to Cointelegraph, Hyperliquid will expand a deployer-controlled scaleWei function for HIP-1. This function can proportionally adjust the balances of a certain token among all holders, equivalent to an on-chain version of a stock split, and can also be used to handle airdrops, dividends, repricing, and reverse mergers.According to the announcement, during the execution of the rescheduling, unfilled orders will be canceled and replaced according to the effective rescheduling ratio, rounded down, while totalWei is allowed to be negative, enabling reverse rescheduling. The initiating address can be a system address from Core to EVM, or a treasury address specified and signed by the deployer.

ChainCatcher news, according to businesswire, Litecoin treasury company MEI Pharma, Inc. (NASDAQ: MEIP) announced that it will change its company name to Lite Strategy, Inc., and the stock ticker will change from MEIP to LITS at the market open on September 11.

ChainCatcher news, DCG has spun off a new cryptocurrency mining subsidiary, Fortitude Mining, aimed at providing diversified mining assets for institutions. Previously, this business belonged to Foundry, and this spin-off may be part of its restructuring plan.It is reported that after the fourth Bitcoin halving in April 2024, the industry will face challenges, leading to a wave of mergers and acquisitions, while listed companies diversify their businesses. Some miners choose to hoard Bitcoin, with 4 out of the 16 largest Bitcoin holders being miners.

ChainCatcher news, citing sources from Bloomberg, reports that senior Wormhole employees, including CEO Saeed Badreg and COO Anthony Ramirez, have left Jump Crypto in recent weeks to operate Wormhole independently. The sources requested anonymity as they are discussing private information.

ChainCatcher news, the Austrian crypto trading platform Bitpanda has spun off its subsidiary Bitpanda Pro, aimed at institutional and professional traders, into an independent company named One Trading, and completed a €30 million Series A funding round, led by Peter Thiel's Valar Ventures, with participation from MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures. Additionally, Bitpanda will retain a stake in the company.One Trading stated its intention to operate as a MiFID trading venue, while also holding a VASP license. This collaboration is expected to enable it to offer "capital-efficient spot and derivative products" to a wide range of clients. Meanwhile, the MiFID license will also allow the startup to list financial instruments. (The Block)