Solana Enters Top 5 Cryptos With $126B Market Cap, Galaxy Digital Fuels Rally
























































Source: https://bitcoinist.com/solana-enters-top-5-cryptos-126b-market-cap-galaxy/

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The Cyberspace Administration of China publicly solicits opinions: Financial institutions are encouraged to explore the use of new payment methods such as digital RMB for cross-border payments

The Cyberspace Administration of China publicly solicits opinions: Financial institutions are encouraged to explore the use of new payment methods such as digital RMB for cross-border payments

PANews reported on September 13 that according to a report by Meijing.com, in order to promote and standardize the promotion and application of electronic documents, improve the level of digitalization of goods trade and transportation, reduce logistics costs across society, protect the legitimate rights and interests of parties involved in electronic document activities, and safeguard national security and social public interests, the Cyberspace Administration of China, in conjunction with relevant departments, has drafted the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comment)" in accordance with relevant laws and regulations. The draft is now open for public comment. It mentions encouraging institutions and enterprises in the fields of goods trade, logistics, finance, etc. to recognize and use electronic documents when conducting business, improve the level of digitalization of business applications, and promote quality and efficiency improvements in the industry. Financial institutions are encouraged to explore the use of new payment methods such as digital RMB for cross-border payments based on the characteristics of electronic documents, in compliance with laws and regulations and with controllable risks, and to actively and steadily innovate financial products and service models.
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PANews2025/09/13 20:13
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TON Strategy Company Announces Buybacks, Share Price Falls 7.5%

TON Strategy Company Announces Buybacks, Share Price Falls 7.5%

The post TON Strategy Company Announces Buybacks, Share Price Falls 7.5% appeared on BitcoinEthereumNews.com. TON Strategy Company, previously known as Verb Technology Company, said on Friday it repurchased 250,000 shares of its common stock under its $250 million buyback agreement. According to the announcement, TON Strategy Company repurchased the shares at $8.32 each, below the treasury asset value of $12.18. The buyback comes just weeks after it revealed a $713 million reserve of Toncoin (TON) tokens on Aug. 21. TON Strategy says its buyback indicates “long-term confidence” in the TON ecosystem. The TON token is the native cryptocurrency of The Open Network, a project that started in 2018 and was initially conceived to bring blockchain to messaging service Telegram. The crypto token is ranked No. 22 overall in market capitalization, with its price is declining 40.7% year-to-date, according to Cointelegraph indexes. The repurchases come as the company’s share price has fallen 21.6% since adopting the TON reserve treasury. TON Strategy’s shares declined 7.5% on the buyback announcement Friday. TON Strategy Company share price on Friday. Source: Google Finance The company also announced the beginning of its staking operations to generate onchain income from its treasury holdings. “Staking introduces a recurring revenue stream into our model, while buybacks allow us to enhance shareholder returns,” TON Strategy Company CEO Veronika Kapustina said in a statement. Staking is the process of locking up cryptocurrency to support a blockchain network’s operations, such as validating transactions, in exchange for rewards. According to Staking Rewards data, there are 340 validators actively staking on the TON network, with annual reward rates at 4.8% as of this writing. Related: Telegram founder Pavel Durov says case going nowhere, slams French gov TON treasury companies and other DATs TON Strategy Company became the first publicly traded company to start a Toncoin treasury in August. In July, Bloomberg reported that the TON Foundation and Kingsway…
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BitcoinEthereumNews2025/09/13 20:06
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