Nasdaq NCT has announced the strategic acquisition of Starks Network (zCloak) to enter the on-chain digital asset infrastructure.
**December 8 – Official sources confirm Intercont (Cayman) Limited (Nasdaq: NCT) has signed a letter of intent to acquire a minority stake of less than 50% in Singapore-based Web3 firm Starks Network Ltd. The pair will jointly advance the zCloak Network project, formally moving into on-chain digital asset infrastructure development.**
**zCloak Network is known for its AI digital identity, enterprise-grade self-custody wallet, stablecoin payments, and AI encryption payment tech. It has secured backing from top institutions including Coinbase Ventures.**
**The collaboration will apply Web3 to digitalize shipping trade payments and business processes, accelerating the industry’s smart transformation.**
**NCT and Starks noted the acquisition is a key step to advance the group’s long-term strategy and explore cross-industry expansion. Together, they will drive enterprise-grade Web3 adoption in global shipping and trade.**
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US Stock HYPE Treasury Company Hyperliquid Strategies Approves $30 Million Stock Buyback Plan
NEW YORK, Dec. 8 (The Wall Street Journal) — Hyperliquid Strategies Inc. (Nasdaq: PURR) said Thursday its board has authorized a share repurchase program of up to $30 million for its outstanding common stock, effective for 12 months.
Chief Executive David Shamis stated: “We’re committed to maximizing shareholder value through prudent capital management. Our top priority is enabling investors to efficiently gain exposure to HYPE — the flagship native token of the Hyperliquid ecosystem. We’ll use company cash to boost the HYPE per share held by shareholders in the most efficient manner.”
Repurchases will comply with federal securities laws and may be made via open-market transactions at prevailing prices, privately negotiated deals or other methods. Timing, quantity and amount of repurchases will be at management’s discretion, depending on factors including HSI’s stock price, broader market and economic conditions, and applicable legal requirements. The company does not guarantee t
4 minutes ago
Magma Finance Completes $6 Million Funding Round, with Participation from SevenX Ventures
December 8 — Per official sources, Magma Finance has closed a $6 million funding round led by HashKey Capital, SNZ Holding, SevenX Ventures, Puzzle Ventures, and Topspin Ventures. The capital will be used to build the most adaptive liquidity engine on the Sui network.
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Analyst: Crypto Market to Continue Rebound Post-Halving, Short-Term Bottom Possibly Formed
On December 8th, IG Group analyst Chris Beauchamp noted that as the Federal Reserve is widely expected to begin cutting interest rates this week, Bitcoin and other cryptocurrencies look set to extend their recent rebound. Easing monetary policy could push capital into the crypto market, especially after recent pullbacks have opened up more appealing entry points. Weekend dips in Bitcoin and Ethereum drew buyers, suggesting a short-term bottom may have already formed. (Bloomberg)
4 minutes ago
Robinhood is planning to launch a meme coin contract and reduce fees to enhance market competitiveness
Robinhood said Monday (Dec. 8) it’s rolling out new features to attract more high-level, high-volume crypto traders in the U.S. and EU—including lower fees and increased leverage for altcoin futures.
In a press release, the firm noted it expanded U.S. fee tiers from three to seven, with rates as low as 0.03% for high-volume users. In the EU, perpetual futures traders can now access new pairs for XRP, DOGE, SOL and SUI; eligible customers qualify for up to 7x leverage.
Johann Kerbrat, Robinhood’s SVP and GM of Crypto, commented: “For years, Robinhood was pegged as a crypto platform for low-volume traders or casual dabblers—forcing more advanced users to look elsewhere for sophisticated tools.” Kerbrat acknowledged the company previously lacked services high-volume traders demanded, creating a competitive gap. Now, with U.S. fee cuts and expanded EU futures offerings, he says Robinhood can draw more sophisticated traders.
4 minutes ago
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