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How a public firm’s $70 million altcoin bet crashed 77% and left it facing Nasdaq delisting

How a public firm’s $70 million altcoin bet crashed 77% and left it facing Nasdaq delistingWorldPing

The rule is not operative, but Greenlane’s disclosed share count implies a steep price hurdle if the stay is lifted.

This is a short WorldPing brief. The full report was published by CryptoSlate.

Read the full report at CryptoSlate

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This Public Company Quietly Controls 20% of Ethena’s ENA SupplyWorldPing
Bitcoin.com

This Public Company Quietly Controls 20% of Ethena’s ENA Supply

StablecoinX Inc. emerged from its Nasdaq merger with about 3 billion ENA tokens, a position equal to roughly 20% of the token’s supply. The New York company disclosed the stake with results for the quarter ended June 30.

Brief by WorldPing · Original reporting by Bitcoin.com