Addentax Group Corp. (NASDAQ:ATXG), a China-based diversified business group, shocked markets with its bold Addentax crypto acquisition announcement. On Thursday, the company revealed its intention to acquire up to $800 million worth of cryptocurrencies—including as many as 8,000 Bitcoins—through a share-based deal. While the stock initially surged on the news, it later gave back most of its gains, reflecting investor uncertainty around the ambitious plan.

Still, the news marks a clear turning point in Addentax’s corporate strategy. The company is moving aggressively into the blockchain space and betting big on Bitcoin and other digital assets to reshape its financial future.

Details Behind the $800M Addentax Crypto Acquisition

The proposed Addentax crypto acquisition would involve issuing common shares to acquire a portfolio of cryptocurrencies, including Bitcoin and potentially meme coins like the Official Trump coin. Although no formal agreement has been signed, Addentax is currently negotiating with influential cryptocurrency holders who collectively control approximately 8,000 Bitcoins.

At current prices, the proposed acquisition is valued near $800 million, making it one of the most significant crypto plays by a publicly traded Chinese company listed on a U.S. exchange.

This share-based transaction would allow Addentax to both acquire valuable digital assets and bring seasoned crypto investors into its ownership structure—potentially aligning shareholder interests with the company’s new strategic direction.

Why Addentax Is Betting on Bitcoin

CEO Hong Zhida views the acquisition as a transformative step in Addentax’s evolution. “This initiative supports the Company’s broader blockchain strategy by facilitating potential acquisitions of digital assets such as Bitcoin and introducing strategic investors with experience in the crypto ecosystem,” he said in a statement.

Zhida also pointed to the long-term value of established cryptocurrencies. Bitcoin, in particular, is seen by many as a liquid and appreciating asset—attractive qualities for companies looking to hedge against inflation and diversify their balance sheets.

Institutional interest in crypto continues to grow, and Addentax is positioning itself to benefit from this trend. The Addentax crypto acquisition could help the company tap into blockchain innovation, digital payments, and decentralized finance, all while enhancing its market profile.

Risks and Rewards for ATXG Investors

While the potential upside of the Addentax crypto acquisition is substantial, the deal is not without risks. Volatility in the crypto markets could quickly erode asset values, and issuing new stock may dilute existing shareholders.

Moreover, no definitive agreement has been reached, and regulatory scrutiny around crypto transactions—especially for cross-border public companies—remains high. The lack of clarity around the structure and timing of the transaction has already introduced some market skepticism.

However, if executed successfully, this pivot could transform Addentax from a relatively obscure microcap into a high-profile player in the digital asset world. The company is effectively trading paper—its own equity—for highly sought-after crypto assets, a move that could significantly reshape its financial standing and investor base.

The Bigger Picture: Corporate Crypto Convergence

Addentax’s move follows a broader trend of public companies integrating crypto into their corporate strategies. Firms like MicroStrategy Inc. (NASDAQ:MSTR) and Tesla Inc. (NASDAQ:TSLA) have made headlines for holding Bitcoin on their balance sheets. Now, Addentax aims to join that elite group with a bolder, equity-funded acquisition.

Unlike traditional investments, the Addentax crypto acquisition hinges on acquiring not just assets but also crypto industry expertise. By welcoming seasoned holders into its shareholder structure, Addentax is betting on a knowledge transfer that could boost its blockchain credibility and unlock future growth opportunities.

Conclusion: A High-Stakes Leap into Digital Assets

Addentax’s planned $800 million crypto acquisition is more than a financial maneuver—it’s a strategic pivot that reflects how public companies are embracing the digital economy. If successful, this bold bet could position (NASDAQ:ATXG) as a serious player in the blockchain ecosystem. But until the ink dries on a definitive deal, investors will be watching closely to see whether this ambitious crypto gamble pays off.

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Robinhood Markets Inc. (NASDAQ:HOOD) has taken a strategic leap into the Canadian cryptocurrency space with its $250 million acquisition of WonderFi Technologies Inc. The deal, which significantly boosts Robinhood’s international ambitions, is poised to reshape the Robinhood Canada crypto narrative by granting the U.S.-based trading platform a licensed and compliant entry into the Canadian market.

This acquisition includes WonderFi’s investment dealer license and $2.1 billion in assets under custody, setting the stage for Robinhood to offer regulated crypto trading to millions of Canadians.

Why WonderFi Is Key to Robinhood’s Canadian Play

WonderFi Technologies operates two of Canada’s longest-standing crypto marketplaces and is a member of the Canadian Investment Regulatory Organization (CIRO). By purchasing all of WonderFi’s issued and outstanding shares at a 41% premium—36 cents per share—Robinhood gains not only technological infrastructure but also a regulatory green light to expand in Canada.

Johann Kerbrat, Robinhood’s SVP and general manager of crypto, emphasized the importance of acquiring a compliant platform. “We want to make sure that we offer product compliance with the regulation,” he told BNN Bloomberg. He also praised WonderFi’s broad crypto offering, with over 60 assets available to trade.

This strategic move allows Robinhood to bypass the lengthy process of building a Canadian-compliant crypto platform from scratch, fast-tracking its Robinhood Canada crypto rollout.

A Regulated Pathway to Millions of Users

According to Kerbrat, the Canadian crypto market is ripe with opportunity, with nearly 19 million Canadians expected to use crypto by 2025. That figure represents about half of the country’s population, indicating a large, tech-savvy user base ready for alternative investing platforms.

By entering Canada through WonderFi, Robinhood not only gains a functioning exchange but also access to users who demand transparency and regulatory compliance—a trend accelerated by past failures in the crypto space, such as the collapse of QuadrigaCX and the global fallout from FTX.

The Robinhood Canada crypto push signals a broader shift toward legitimacy and oversight in a space often criticized for its lack of investor protection.

Robinhood’s Crypto Momentum Builds

Robinhood’s crypto division has seen renewed strength over the past two quarters. As Kerbrat noted, “The past two quarters have been really good for the crypto products and business of Robinhood.” With retail interest climbing alongside the broader crypto market recovery, Robinhood appears poised to extend that momentum north of the border.

Crypto adoption in Canada mirrors trends seen globally—where younger investors are flocking to digital assets for diversification, inflation hedging, and long-term growth. With the addition of WonderFi, Robinhood can now serve this growing demand through a regulated framework.

This also aligns with Robinhood’s broader mission of democratizing finance. The company, already a leading player in U.S. crypto trading, now has the infrastructure to replicate that success in Canada.

What This Means for Robinhood Stockholders

For investors in Robinhood (NASDAQ:HOOD), the WonderFi deal signals a growth story beyond the U.S. market. Regulatory pressure in the United States has made domestic expansion challenging, especially in the crypto space. Canada, with its clearer regulatory environment and crypto-savvy population, offers a fertile ground for expansion.

If successful, the Robinhood Canada crypto strategy could become a model for future international growth. It shows how Robinhood can scale by acquiring compliant platforms in regulated jurisdictions, mitigating risk while boosting user growth and asset flows.

Conclusion: A Bold Move into the North

Robinhood’s acquisition of WonderFi marks a pivotal step in its evolution as a global fintech leader. By entering the Canadian market through a licensed and regulated crypto platform, the company is signaling its commitment to responsible growth, user trust, and international expansion.

As Canada’s crypto market heats up, the Robinhood Canada crypto strategy could provide the company with a significant first-mover advantage—cementing its position not just as a disruptor, but as a sustainable force in the global financial landscape.

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VICTORIA, Seychelles, May 15, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, proudly participated in the HODL Summit 2025, held on May 14-15 in Dubai. Oliver Stauber, CEO of KuCoin EU, joined distinguished panelists Gracy Chen, CEO of Bitget, Nils Andersen-Röed, Global Head of FIU at Binance, and moderator Nic Watson, Host of Encrypted Podcast, to discuss “Crypto’s Trust Crisis: Navigating Security, Innovation & Adoption Post-Hacks.” During the panel, Oliver emphasized KuCoin’s commitment to security and trust, highlighting the industry’s resilience and unity in the face of challenges.

Strengthening Crypto’s Foundation

“Innovation drives growth, but trust secures the future,” Oliver stated. “Security is the bedrock of KuCoin’s operations, paired with sustainable growth as our guiding principle.” KuCoin balances rapid global expansion with user asset safety through a focus on compliance and cutting-edge technology. The exchange has invested heavily in rebuilding its core systems, ensuring technical excellence and scalability for the long term.

Industry Unity and Resilience

During the panel, Oliver contrasted the crypto industry’s response to security challenges with the 2008 financial crisis. “When Lehman Brothers collapsed, trust among banks evaporated, leading to years of suffering for clients and the broader economy,” he said. “In contrast, when hacks occur in crypto, industry leaders collaborate swiftly. This unity ensures no user or the market as a whole suffers long-term damage, fostering trust from both users and the market.”

Rebuilding for a Secure Future

Oliver shared KuCoin’s proactive approach to security, noting that over the past years, the exchange has undertaken a comprehensive rebuild of its core systems. This initiative focuses on enhancing security protocols, improving scalability, and ensuring reliability to meet the demands of its growing user base while maintaining the highest standards of asset protection. These efforts reflect KuCoin’s commitment to staying ahead of threats and delivering a robust platform for its 40 million users worldwide.

Building Trust in the Crypto Ecosystem

“Exchanges are the backbone of crypto’s future, built on transparency and trust. Our ISO 27001:2022 certification is a testament to our unwavering commitment to security,” Oliver asserted. KuCoin reinforces reliability with maintaining over 100% Proof of Reserves audited monthly by a third party, SOC 2 Type II certification, and the newly earned ISO 27001:2022 certification, announced May 13, 2025, as part of its efforts to build a more secure and trustworthy crypto ecosystem. Further, KuCoin recently announced its $2 billion Trust Project, aiming to set new benchmarks for security and compliance.

With five global regulatory licenses in hand, KuCoin plans to launch compliant platforms in Europe and Australia by late 2025, while expanding the KCS ecosystem to deliver greater value to its global community.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/. 

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In a move that could redefine the future of institutional finance, JPMorgan Chase & Co. (NYSE:JPM) has completed its first test transaction involving tokenized treasuries on a public blockchain. The landmark trial was conducted using Ondo Finance’s testnet and Chainlink’s cross-chain communication infrastructure, pushing the bank further into the evolving world of decentralized finance (DeFi).

This marks a significant milestone in the adoption of blockchain within traditional finance, particularly as major institutions like JPMorgan look to improve payment and settlement systems using smart contract-enabled solutions.

JPMorgan’s First Public Blockchain Transaction

The trial, completed in early May, involved a Delivery versus Payment (DvP) transaction—an established mechanism in financial markets that ensures the delivery of securities only occurs if payment is made. Traditionally, DvP processes rely on fragmented systems and are prone to costly delays.

To overcome these challenges, JPMorgan used Kinexys, its internal blockchain division, to transfer digital payments across two accounts. The payment leg was matched against the asset leg—Ondo’s tokenized Short-Term US Treasuries Fund (OUSG)—on Ondo Chain’s testnet. The asset exchange and payment settlement were orchestrated simultaneously using Chainlink’s (CRYPTO:LINK) interoperability framework.

This is the first time JPMorgan has utilized a public blockchain to settle tokenized treasuries, signifying a growing comfort with decentralized infrastructure in the financial mainstream.

Why Tokenized Treasuries Matter

Tokenized treasuries are digital representations of traditional U.S. Treasury bonds and bills, issued and settled on a blockchain. They combine the safety and stability of government debt with the speed and transparency of decentralized systems.

Ondo Finance noted that traditional financial systems suffer from inefficiencies that lead to delays and settlement failures, which reportedly cost market participants over $914 billion in the past decade. Tokenization of treasuries addresses these pain points by enabling real-time settlement, reducing counterparty risk, and improving back-office operations through automation.

According to Nelli Zaltsman, Head of Platform Settlement Solutions at Kinexys, “By securely and thoughtfully connecting our institutional payments solution with both external public and private blockchain infrastructures, we can offer scalable and efficient solutions for clients.”

Institutional Interest in Public Chains Grows

The successful execution of this transaction highlights a broader trend: major financial institutions are actively exploring public blockchain networks. Traditionally cautious about DeFi due to regulatory and security concerns, banks like JPMorgan, Morgan Stanley (NYSE:MS), and Fidelity Investments are now dipping their toes into the space.

Morgan Stanley is reportedly working on a crypto trading platform for its E*Trade users, while Fidelity recently began testing its own stablecoin, signaling deeper institutional interest in blockchain-based assets.

As Sergey Nazarov, co-founder of Chainlink, stated, “It is becoming increasingly clear to the world’s institutions that they have a large addressable market in the public chain community.”

Market Reaction and Outlook

Despite the groundbreaking nature of the announcement, Ondo’s token (CRYPTO:ONDO) and Chainlink’s token (CRYPTO:LINK) both saw minor declines of around 1% on the day of the announcement, reflecting broader trends in the Real World Asset (RWA) sector, which slipped 0.7%.

Market volatility aside, the successful DvP transaction demonstrates how tokenized treasuries could become a staple of global finance. It opens the door to 24/7 markets, enhanced security, and significantly lower settlement times and costs.

The Future of Tokenized Treasuries

With more institutions experimenting with blockchain, tokenized treasuries may soon move from testnets to live production environments. If adopted widely, this could streamline capital markets and enable greater financial inclusivity.

As JPMorgan’s trial shows, tokenized treasuries are not just a concept—they’re a viable innovation ready to reshape how the world’s largest financial players operate.

With further regulatory support and interoperability improvements, tokenized finance could unlock new efficiencies, attract global participation, and transform how governments and institutions issue, trade, and settle assets.

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Atlanta-based crypto payment processor Bitpay has launched a groundbreaking service called HODL Pay, offering users a way to spend stablecoins without selling their cryptocurrency holdings. With a focus on long-term investors, HODL Pay leverages decentralized finance (DeFi) to unlock liquidity while allowing users to maintain exposure to digital assets.

This new option marks a major milestone in the evolution of crypto payments by letting holders borrow against their assets to make purchases. As adoption grows, HODL Pay could become a key bridge between the crypto economy and traditional commerce.

How HODL Pay Works

At the heart of HODL Pay is a seamless integration between Bitpay and Aave, a popular DeFi lending platform. To use the service, customers must deposit crypto assets as collateral on Aave. Supported networks include Ethereum, Arbitrum, Base, Polygon, and Optimism.

Once assets are deposited, users can borrow stablecoins—like USDC or DAI—directly from the Aave platform. These stablecoins can then be used to settle any Bitpay invoice, including those for:

• Retail purchases
• Travel bookings
• Gift cards
• Bill payments

Whether shopping for everyday goods or larger items, such as vehicles, HODL Pay allows users to access funds without triggering taxable events by selling their holdings.

The Power of HODLing While Spending

The name “HODL Pay” pays homage to the popular crypto slang HODL—a misspelled version of “hold” that has come to represent long-term belief in crypto assets. For users who want to hold onto their Bitcoin (BTC), Ethereum (ETH), or other digital currencies, this service is a game-changer.

By borrowing stablecoins, users can tap into the value of their crypto without relinquishing ownership. This is particularly useful during bull markets, when many prefer to maintain their positions in anticipation of price appreciation.

According to Bitpay Chief Marketing Officer Bill Zielke, “With HODL Pay, Bitpay gives users an innovative way to spend confidently today without giving up their future growth.”

Global Support with No Merchant Setup Required

One of HODL Pay’s biggest advantages is its instant global availability. Any merchant already accepting Bitpay automatically supports HODL Pay—no additional setup or integration is needed.

This frictionless implementation makes the service appealing for merchants seeking to accommodate crypto-savvy consumers. Whether it’s a boutique clothing store or a luxury car dealer, businesses can now accept borrowed stablecoins as easily as they would accept Bitcoin or fiat.

For instance, Nick Dossa of Vegas Auto Gallery noted that the service provides increased flexibility for customers purchasing high-ticket items like exotic cars.

Layer 2 and the Future of Crypto Spending

As blockchain networks seek scalability, layer two (L2) solutions are gaining popularity. Bitpay’s HODL Pay is fully compatible with major L2 chains like Polygon and Arbitrum, ensuring faster, cheaper transactions.

This compatibility supports Bitpay’s broader vision of enabling Web3 payments at scale. By aligning with popular L2 networks, HODL Pay reduces transaction fees and latency, making it viable for more frequent, real-world spending.

What It Means for the Future

HODL Pay isn’t just another crypto lending tool—it’s a potential catalyst for mainstream adoption of decentralized finance. It empowers users to manage wealth strategically while benefiting from real-world utility.

As the DeFi ecosystem matures and regulatory clarity improves, services like HODL Pay could become essential components of a modern financial toolkit. Crypto users get to HODL their assets and still participate in the economy—on their terms.

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