restructuring

According to CoinDesk, Mike Selig, the new chairman of the U.S. Commodity Futures Trading Commission (CFTC), issued a statement on Monday announcing that the agency is currently restructuring its advisory panel and reestablishing an innovation committee, which will initially consist of a group of cryptocurrency industry insiders.Former acting chair Caroline Pham quickly assembled a team of CEOs focused on innovative financial technology during her last days in office. Just a month after the announcement of the innovation committee, Selig confirmed the individuals on this list as the "founding members" of the innovation advisory committee. This means that the committee's initial members will include executives from cryptocurrency companies such as Gemini, Kraken, Bitnomial, Crypto.com, and Bullish, as well as executives from traditional firms like Nasdaq, the Chicago Mercantile Exchange, the Intercontinental Exchange, and Cboe Global Markets.The innovation committee will assist regulators in developing these new rules based on the original technical advisory committee. This committee will be one of five such external committees aimed at helping guide the agency's work in members' areas of expertise. The agency is expected to become one of the main cryptocurrency regulators in the U.S. and is currently inviting the public to submit additional member candidates and suggested topics for review by the end of January.

Scroll's official statement clarifies that the recent rumors about the closure of Scroll DAO stem from a misunderstanding of the governance structure reorganization announcement.The actual situation is that the DAO has not stopped; it is only undergoing governance structure adjustments. Governance is still functioning normally, and the Galileo upgrade proposal has been approved. Moving forward, community feedback will continue to be collected through the co-creation cycle. The complete governance plan for 2026 will be announced in January next year, and the current governance cycle will continue to progress before that.

Predictive Oncology announced its official name change to Axe Compute and will trade on NASDAQ under the ticker symbol AGPU. Axe Compute will operate as an enterprise-level operator, commercializing Aethir's decentralized GPU network to provide enterprise-grade computing power services with guaranteed capabilities for AI companies.According to official information, Axe Compute's enterprise computing power business plan will be supported by the Aethir Strategic Compute Reserve, aimed at meeting enterprise clients' needs for GPU reservations, dedicated clusters, bare-metal performance, multi-region deployment, and SLA contracts. Aethir has currently deployed over 435,000 GPU containers in more than 200 regions across 93 countries, supporting mainstream high-end computing hardware including NVIDIA H100, H200, B200, and B300.The listing of Axe Compute is seen as the first time decentralized GPU infrastructure has entered the mainstream enterprise market in the form of a publicly traded company in the U.S. The official statement indicates that Axe Compute will serve as the front-end delivery and contract entity for enterprises, while Aethir will continue as the underlying decentralized computing power infrastructure, introducing an enterprise-level computing power delivery model that complies with U.S. public company governance and compliance frameworks. With the official launch of the new brand and ticker symbol, the company expects to demonstrate the scalability of its infrastructure model in the future and further expand its enterprise client needs.

ChainCatcher news, India's once largest cryptocurrency exchange WazirX will resume operations on October 24, 2025, ending a more than year-long shutdown due to the theft of over $230 million in crypto assets.The exchange has completed a restructuring plan approved by the Singapore High Court and has received support from nearly all creditors. In the initial phase of the restart, WazirX will open limited trading pairs, including cryptocurrency trading pairs and the USDT/INR market, and promises to offer zero trading fees for all users. The platform will also launch a token distribution and recovery plan to address user asset issues.

ChainCatcher news, according to Cointelegraph, cryptocurrency mining company Argo Blockchain's largest lender, Growler Mining, is taking over the struggling miner through a debt-to-equity swap plan.Under this plan, existing shareholders will only retain a small portion of the company's equity. The restructuring proposal submitted under the UK Companies Act shows that Growler will convert a $7.5 million secured loan into equity and provide additional financing in exchange for 87.5% of Argo's equity after restructuring. Meanwhile, holders of $40 million in unsecured bonds will receive 10% equity, while existing shareholders will retain only 2.5%. This transaction is part of the court-supervised "Project Triumph" restructuring plan, aimed at avoiding bankruptcy and maintaining its listing on Nasdaq. Argo warned that without a balance sheet restructuring, the company would go bankrupt due to cash flow and balance sheet issues.Additionally, Argo will delist from the London Stock Exchange, ending its six-year listing in the UK. If compliance conditions are met, its shares will continue to trade on Nasdaq, and the company's capital market focus will fully shift to the United States. Due to aging equipment and high energy consumption, Argo's daily Bitcoin production has plummeted from nearly 6 coins in 2022 to less than 2 coins in 2024, significantly reducing profitability.

ChainCatcher news, the Singapore High Court has approved the restructuring plan of the Indian cryptocurrency exchange WazirX. WazirX previously submitted a legal opinion to the Singapore court on September 26, seeking to advance the restructuring plan and is awaiting further instructions.BlockBeats previously reported that on July 18, 2024, the Indian cryptocurrency exchange WazirX suffered a hacking attack, and its multi-signature wallet on the Ethereum network was stolen. A total of $234.9 million has been transferred to a new address. The caller for each transaction was funded by Tornado Cash.

ChainCatcher News, the Ethereum Foundation announced today a restructuring of its ecosystem development (EcoDev) strategy, focusing on four key areas. The plan includes the establishment of four new teams dedicated to ecosystem acceleration, covering corporate relations, developer growth, application research, and founder support.The Foundation will also strengthen its ecosystem expansion efforts, continue to provide funding support, and commit to addressing global adoption barriers. This adjustment aims to achieve two main goals: to expand the Ethereum user base and enhance the resilience of its technical and social infrastructure. The Foundation emphasizes that it will work with a wide range of partners in the ecosystem to drive the growth and development of Ethereum.

ChainCatcher news, according to the official account of Canaan Creative, Canaan Creative (NASDAQ: CAN) announced the launch of a strategic restructuring, focusing on Bitcoin mining machine sales and self-operated mining business, and will terminate its non-core AI chip business unit.The company stated that this move aims to streamline operations, enhance capital efficiency, and concentrate resources on the core competitive areas of the digital asset ecosystem. Canaan Creative expects that overall operating expenses will significantly decrease after the restructuring, and will continue to promote innovation in crypto infrastructure and global market layout in the future.

ChainCatcher news, TON announced the upgrade of local Hubs to operate as regional units directly supported by the TON Foundation. This adjustment aims to further promote TON's core mission: to develop local ecosystems, attract quality projects and developers, and establish strategic regional partnerships.The five upgraded official TON Hubs are: TON East Asia (East Asia), TON South Asia and Southeast Asia (SSEA), TON Commonwealth of Independent States (CIS), TON Europe (Europe), and TON United States (coming soon).The optimization and integration of regional resources are as follows:India and Southeast Asia are integrated into the TON South Asia and Southeast Asia (SSEA) Hub; Hong Kong and South Korea are integrated into the TON East Asia (EA) Hub; the Balkan region and the UK are integrated into the TON Europe (Europe) Hub.

ChainCatcher news, according to The Information, OpenAI plans to significantly reduce its revenue-sharing ratio with Microsoft after the restructuring.

ChainCatcher news, according to the official announcement, OpenAI has announced a restructuring, abandoning its previous plan to reorganize as a for-profit company, and will continue to be controlled by a non-profit organization, while its for-profit entity will transform into a "Public Benefit Corporation" (PBC).OpenAI was founded in 2015 as a non-profit organization but transitioned to a limited-profit organization in 2019 and attempted to transition again to a for-profit organization. After the transition to limited-profit, OpenAI retained its non-profit division, which currently holds a controlling stake in OpenAI's corporate division. OpenAI board chair Bret Taylor and CEO Sam Altman stated that this move aims to ensure that AI development benefits all of humanity while enhancing the ability to mobilize funds to meet the enormous computational resources required in the era of AGI.