srm

ChainCatcher news, according to markets.businessinsider, TRON (TRX) holder SRM Entertainment, Inc. (NASDAQ: SRM) announced today that it has successfully staked its holding of 365,096,845 TRON (TRX) through the JustLend platform.By combining standard staking rewards and energy leasing, this operation can increase the annual yield of staked TRX to as high as 10%. This move follows the company's completion of a $100 million financing earlier this month, aimed at launching its TRON reserve strategy.

ChainCatcher news, the small investment bank Dominari Holdings Inc. (with Trump's two sons, Donald Jr. and Eric, serving as advisors) recently completed two key transactions that helped the struggling toy manufacturer SRM Entertainment Inc. successfully transition into the cryptocurrency sector. The bank first assisted a fund managed by its executives in acquiring shares of SRM, and then facilitated SRM's transformation into Tron Inc., bringing in cryptocurrency entrepreneur Justin Sun as an advisor.After the transition announcement, SRM's stock price soared from under $2 to over $9, an increase of more than 500%, and is currently stabilizing above $7. This series of operations generated over $120 million in profits from stock investments arranged by Dominari last month.

ChainCatcher news, according to a report by Coindesk, disclosed by SEC filings, Sun Yuchen's father, Sun Weike, gained control of the publicly listed company SRM Entertainment through a PIPE transaction valued at $100 million in TRX tokens, which will be renamed Tron Inc. The transaction was arranged by Dominari Securities, associated with the Trump family.After the transaction is completed, Sun Weike will serve as the chairman of the board, and Tron executives will join the audit, compensation, and nomination committees. Although the transaction did not directly involve Tron DAO, it is seen as an arrangement led by its core management team. The new company plans to emulate MicroStrategy, intending to hold up to $210 million in TRX as a strategic asset in the future.

ChainCatcher news, Sun Yuchen posted on platform X that the trading volume of TRON's "Micro Strategy" (SRM) has exceeded that of Alibaba ($1.19 billion) and Tencent ($700 million) today.Previous report, TRON plans to go public through a reverse merger with SRM Entertainment.

ChainCatcher news, influenced by the news that "SRM Entertainment receives $100 million investment from Tron and plans to rename itself as Tron Inc," the stock price of SRM Entertainment (SRM) continues to rise, currently reported at $9.38, an increase of 546.91%.Previous news, SRM plans to rename itself as Tron Inc and has signed a $100 million equity financing agreement to initiate the TRX treasury strategy. Tron is expected to conduct a reverse merger with SRM Entertainment to achieve listing, with the deal being managed by the boutique investment bank Dominari Securities, based in New York and connected to Donald Trump Jr. and Eric Trump, and mimicking the strategy of Strategy (formerly MicroStrategy) to buy and hold Tron tokens (TRX).

ChainCatcher news, according to market data, US stock SRM Entertainment opened at $6.7, currently reported at $5.9, an increase of over 300%, with a market capitalization rising to $110 million, setting a new historical high.ChainCatcher previously reported that Tron will achieve listing through a reverse merger with SRM Entertainment, which is listed on Nasdaq.

ChainCatcher news, according to Globenewswire, entertainment company SRM Entertainment, Inc. (NASDAQ: SRM) announced that it has signed a Securities Purchase Agreement ("SPA") with a private investor, which will involve a $100 million equity investment. SRM will use these funds to initiate a treasury strategy for TRON tokens (TRX).In addition, TRON blockchain founder Justin Sun has been appointed as a company advisor. Furthermore, the company plans to change its name to Tron Inc. (TRON Company). In the case of full exercise of the warrants, the value of this strategic investment will reach $210 million.

According to ChainCatcher news, data from the Web3 asset data platform RootData shows that in the past 24 hours, SRM led the Solana sector with a 73.59% increase, while WHALES ranked second with a 24.75% increase. The specific rankings are as follows:SRM; 2. WHALES; 3. NOS; 4. GRT; 5. ATS; 6. DITH; 7. MYRO.

ChainCatcher message, Binance officially stated that based on the user's holdings in the Binance wallet at the snapshot time of April 21, 2024, 08:00, the following token balances will be converted to an equivalent amount of USDT. After April 21, 07:59, Binance will no longer support the withdrawal of the following airdrop tokens / delisted tokens: Moeda Loyalty Points (MDA), Helium (HNT), Mithril (MITH), DFI.Money (YFII), Mirror Protocol (MIR), Venus Reward Token (VRT), TokenClub (TCT), Augur (REP), EasyFi (EZ), Swerve (SWRV), Boba Network (BOBA), Serum (SRM), Raiden Network Token (RDN), Cobak Token (CBK), OnX Finance (ONX).

ChainCatcher message, OKX will delist the spot trading pairs KOL/USDT, GM/USDT, SRM/USDT, SRM/USDC, UMEE/USDT, VALUE/USDT, MITH/USDT, JFI/USDT, SOS/USDT from 4:00 to 4:30 Beijing time on October 16.If users fail to cancel their orders in a timely manner before the trading pairs are delisted, the order system will automatically execute for the users. Order cancellations may take 1 - 3 working days. After the delisting of the coins is completed, users can check the relevant assets through "Assets > Fund Account > Non-tradable Assets".

ChainCatcher news, Michael Lewis, the author of "The Big Short," reveals in his new book "Going Infinite" that former FTX CEO Sam Bankman-Fried was concerned that his employees would become wealthy due to the significant rise in the price of Serum (SRM) tokens in 2021, and might no longer be willing to work up to 14 hours a day for his crypto trading platform. As a result, Bankman-Fried modified the release rules for SRM tokens, locking the employees' SRM tokens for seven years.It is reported that Michael Lewis's new book about SBF, "Going Infinite: The Rise and Fall of a New Tycoon," is set to be published on October 3. Several sources have revealed that Apple acquired the rights to the book for $5 million. Michael Lewis's works also include "The Fall of Crypto King Sam Bankman-Fried & FTX" and "The Big Short."

ChainCatcher news, according to the official announcement, Binance announced that it will stop trading and delist the following cryptocurrencies on August 22 at 11:00: Sonm (SNM), Serum (SRM), DFI.Money (YFII).Binance stated that the platform will regularly review the digital assets listed to ensure the quality of the cryptocurrencies. When a token no longer meets the listing standards or there are significant changes in the industry, a thorough project review will be conducted, and it may be delisted.

ChainCatcher news, according to the official announcement, Binance will move AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFII to the Innovation Zone.The announcement states that the introduction of the Innovation Zone provides Binance users with a market for innovative projects that have higher trading volatility and risks compared to other listed tokens. When these projects are identified during regular reviews, Binance will move them to the Innovation Zone. The development of projects in the Innovation Zone will be subject to close scrutiny. (Source link)

ChainCatcher news, according to the Financial Times, FTX founder SBF had offered a token presale to executives at Genesis, the main lending institution of its crypto fund Alameda Research, allowing them to invest at a discounted price before the public issuance of new tokens like FTT and SRM.According to insiders, FTT, SRM, and SOL were also accepted by Genesis as collateral for loans from Alameda. (source link)

ChainCatcher news, the cryptocurrency exchange Bitfinex announced that it will delist six tokens: Celsius Network (CEL), Serum (SRM), Pangolin (PNG), BnkToTheFuture (BFT), Bridge Mutual (BMI), and Bitcoin SV (BSV). Withdrawals for CEL, SRM, PNG, BFT, BMI, and BSV will remain open until February 14, 2023, at 20:00, and users are advised to withdraw as soon as possible. (source link)

ChainCatcher news, according to Blockworks, Electric Capital executives told their limited partners on Thursday that Electri was minimally affected by the FTX collapse, with limited exposure to FTX, thanks to Electric's identification of "yellow flags" during due diligence.Electric had questioned the tokenomics of Serum's token SRM, which had a circulating supply of about 10% at the time of issuance. All presale, team, and contributor tokens will be unlocked over the next one to seven years. Electric believed that SRM lacked liquidity, and low circulation would limit supply, thereby driving up prices. As a result, Electric abandoned its investment in SRM and later decided not to invest in FTT.According to Electric, the company has no equity in FTX and has not engaged with FTT, SRM, or Solana's SOL tokens. Electric has never had any business dealings with Bankman-Fried's Alameda Research. Currently, the company has 8 bitcoins held by FTX. One of the venture funds invested by Electric Capital has FTX assets from two unnamed startups, with a risk exposure of about $700,000. (Blockworks)

ChainCatcher message, Binance announced that it will delist SRM, RAY leveraged and Binance Earn related products. Binance will remove the following leveraged trading pairs and stop trading on November 23 at 11:00, including SRM/BTC, SRM/BUSD, SRM/USDT, RAY/BUSD, RAY/USDT for both cross-margin and isolated-margin trading pairs.Binance Earn will delist SRM spot products, as well as RAY spot and fixed-term products on November 23 at 11:00. Binance liquidity mining will delist the RAY/USDT and RAY/BNB token pools on November 23 at 11:00. If users hold assets in the aforementioned token pools, the system will automatically return the assets to the users' spot wallets on November 23 at 11:00.

ChainCatcher news, the Solana Foundation officially disclosed information related to FTX, stating that as of November 14, 2022, its assets in the FTX.com account included (as of November 6, when FTX.com stopped processing withdrawals): approximately 3.24 million shares of FTX Trading LTD common stock, approximately 3.43 million FTT Tokens, and approximately 134.54 million SRM Tokens.In addition, as of November 10, 2022, the total exposure value of Solana-based assets affected by the Sollet custody bridge was approximately $40 million, with the status of the underlying assets currently unknown.Previously, ChainCatcher reported that according to the announcement on the Sollet interface, soBTC issued by FTX or Alameda on Solana is currently not redeemable, and the trading price has plummeted. All wrapped token assets on the Solana chain are custodied by FTX/Alameda Research. (Source link)

ChainCatcher news, according to the official announcement, Binance Futures will automatically liquidate the RAYUSDT and SRMUSDT perpetual contracts on November 15, 2022, at 12:00 and 12:30 respectively, and will delist the RAYUSDT and SRMUSDT perpetual contract trading pairs after the liquidation is completed. Users are advised to close their positions manually before trading stops to avoid automatic liquidation. (Source link)

ChainCatcher news, South Korean cryptocurrency exchange Upbit announced that due to increased price volatility of Serum (SRM) and discrepancies in market prices with other exchanges, it will temporarily suspend support for SRM deposit services.It is reported that on November 10, Upbit issued a notice regarding the restriction of cryptocurrency withdrawals to the FTX exchange. Upbit stated that due to internal circumstances at the FTX exchange, it has suspended user withdrawals to FTX. (source link)