Defi Technologies - DEFTF STOCK NEWS

DeFi Technologies has signed a Letter of Intent (LOI) to acquire Stillman Digital Inc. and Stillman Digital Bermuda , collectively known as Stillman Digital, a leading OTC desk and digital asset liquidity provider. Stillman Digital has facilitated over US$15 billion in trade volume since 2021, including US$4 billion in Q1 2024 alone. The acquisition aims to enhance DeFi Technologies' trading capabilities, diversify its client base, and stabilize revenue streams. Future revenue will be driven by Stillman's expansion into Custody, Foreign Exchange, and Proprietary Trading. The acquisition is valued at 2.5 million common shares of DeFi Technologies, with 1 million shares subject to a lock-up schedule over a year. The definitive agreement is expected by July 31, 2024.

DeFi Technologies' subsidiary, Valour Inc., has introduced the world's first CORE ETP and expanded the world's first Hedera (HBAR) ETP on the Spotlight Stock Market. This marks the debut of ETPs on this exchange, offering innovative investment opportunities in digital assets.

The Valour CORE ETP provides exposure to the Core blockchain's native token, utilizing a unique Satoshi Plus consensus mechanism. The Valour Hedera ETP offers access to Hedera's energy-efficient HBAR cryptocurrency.

These launches signify a deepening collaboration with the Core Foundation and follow the successful Valour Bitcoin Staking ETP introduction. The Spotlight Stock Market supports high-growth companies, aligning with Valour's goals of making digital asset investments accessible and straightforward.

This move underscores DeFi Technologies' commitment to bridging traditional finance with decentralized finance and expanding digital asset product availability on traditional exchanges.

DeFi Technologies' subsidiary Valour Inc. has launched the world’s first CORE ETP and expanded the world's first Hedera (HBAR) ETP on the Spotlight Stock Market in Sweden.

The Valour CORE ETP offers investment exposure to the Core blockchain's native token, leveraging a unique Satoshi Plus consensus mechanism that combines Bitcoin's security and Ethereum's scalability. The Valour Hedera ETP provides access to Hedera's energy-efficient HBAR cryptocurrency.

This launch represents the first ETP offerings on the Spotlight Stock Market and deepens Valour's collaboration with the Core Foundation. It follows the successful launch of Valour Bitcoin Staking ETP, highlighting Valour’s dedication to providing innovative digital asset investment products.

Valour's CEO, Olivier Roussy Newton, emphasized the mission to bridge traditional finance with decentralized finance by broadening the reach and accessibility of digital asset investments.

The Spotlight Stock Market aims to simplify the listing process for growth companies, supporting high-growth and innovative firms for better visibility and security.

DeFi Technologies Inc. has released the voting results from its 2024 Annual and Special Meeting of shareholders held on June 25, 2024, in Toronto.

All director nominees listed in the management proxy circular dated May 14, 2024, were successfully elected. Olivier Roussy Newton received 99.93% votes in favor, Suzanne Ennis received 85.87%, Krisztian Toth obtained 91.44%, Stefan Hascoet garnered 94.38%, and Mikael Tandetnik secured 94.37%.

Additionally, shareholders approved the appointment of the Company's auditors with 95.05% votes in favor. The Stock Option Plan was approved by 93.84% of votes, and the Deferred Share Unit Plan was approved by 93.82% of votes.

A total of 71,685,470 common shares were voted, representing 24.64% of the issued and outstanding common shares of DeFi Technologies.

DeFi Technologies' subsidiary, Reflexivity Research, has announced a partnership with CoinMarketCap to provide users with in-depth crypto insights. The collaboration aims to deliver high-quality, actionable research on various digital assets, including fundamental analysis, market structure updates, and technical breakdowns.

CoinMarketCap users will benefit from Reflexivity Research's expertise, enhancing their ability to make informed decisions. Additionally, Reflexivity Research will host quarterly live discussions with leading crypto protocol foundations on the CMC Community Live platform.

This partnership marks a significant milestone for DeFi Technologies, as it combines their research capabilities with CoinMarketCap's extensive reach, aiming to improve digital asset education and engagement for retail users globally.

On June 19, 2024, DeFi Technologies responded to a misleading report by CoinSnacks.com, which the company believes was commissioned by short-sellers to depress its stock value (DEFTF). The report included defamatory and inaccurate statements. DeFi Technologies highlighted its strong financial position, declining a US$15 million offer due to its substantial cash reserves and debt repayments. The company reported significant revenues and income in Q1 2024, with its DeFi Alpha unit generating US$83.4 million from trading activities. DeFi Technologies has contacted regulatory authorities regarding potential market manipulation by short-sellers.

DeFi Technologies' subsidiary, Valour Inc., in collaboration with The Hashgraph Association (THA), has launched the world's first Valour Hedera (HBAR) ETP (Exchange Traded Product) at the Börse Frankfurt. This initiative, marked by a Closing Bell Ceremony on June 18, 2024, aims to provide investors with simplified and secure access to Hedera's native cryptocurrency, HBAR.

Hedera is a decentralized and energy-efficient public network governed by a council that includes major corporations such as Google, IBM, and Boeing. The network's native currency, HBAR, is among the top 30 cryptocurrencies globally, with a market capitalization of approximately $3.7 billion.

The Valour Hedera (HBAR) ETP underscores Valour's commitment to expanding its portfolio of digital asset products on traditional exchanges, offering an innovative investment avenue for institutional investors while promoting ESG (Environmental, Social, Governance) considerations.

DeFi Technologies' subsidiary, Valour Inc., has launched the world's first yield-bearing Bitcoin ETP on Börse Frankfurt, offering German investors a 5.65% annualized yield. This product had earlier debuted on the Nordic Growth Market.

The ETP leverages the Core blockchain for security and scalability, ensuring custodial control while generating yield through staking.

The product simplifies Bitcoin investment, allowing investors to earn yield without selling their holdings. The ETP commands a 1.9% management fee and uses the Satoshi Plus consensus mechanism.

DeFi Technologies has launched a Core Chain validator node, marking a significant step in its DeFi Infrastructure business. This move is part of a broader collaboration with Core Foundation, previously highlighted by the development of innovative Bitcoin ETPs, including Valour's Yield Bearing BTC ETP and a new Core ETP.

The company will stake 1,498 BTC through its subsidiary, Valour, participating in the Core Chain's consensus mechanism and earning staking rewards. Core Chain is a Bitcoin-powered, EVM-compatible blockchain that integrates Bitcoin miners and BTC stakers for network security and rewards.

Participating in network consensus, DeFi Technologies aims to support Core Chain's growth while earning from transaction validation. This step aligns with their mission to bridge traditional finance with blockchain technology, offering unique growth opportunities for investors in the digital asset space.