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Animoca Brands plans return to stock market by 2025

Animoca Brands, a prominent player in blockchain and non-fungible token (NFT) gaming, has outlined its intentions to relist on the stock market by 2025, signaling a strategic move to capitalize on the growing digital economy and investor interest in blockchain-based entertainment.

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Animoca Brands, a prominent player in blockchain and non-fungible token (NFT) gaming, has outlined its intentions to relist on the stock market by 2025, signaling a strategic move to capitalize on the growing digital economy and investor interest in blockchain-based entertainment.

The announcement comes as Animoca Brands continues to expand its footprint in the digital gaming and NFT sectors, leveraging blockchain technology to innovate and enhance user engagement. The company’s plans to return to the stock market reflect confidence in its growth trajectory and market opportunities within the evolving digital landscape.

Founded in 2014, Animoca Brands has established itself as a leader in blockchain gaming, partnering with major brands and developing popular decentralized applications (dApps) that integrate NFTs. The company’s decision to relist aims to provide investors with an opportunity to participate in its future growth and capitalize on the burgeoning digital entertainment market.

In preparation for its return to the stock market, Animoca Brands remains focused on expanding its portfolio of blockchain-based games and NFT projects. The company’s strategic initiatives include enhancing gaming experiences, exploring virtual worlds, and integrating blockchain technology to empower users with digital ownership and monetization opportunities.

As Animoca Brands navigates its path towards relisting, industry observers anticipate heightened investor interest in blockchain and NFT-related stocks, driven by the sector’s rapid growth and innovation. The company’s commitment to transparency, innovation, and strategic growth positions it favorably within the dynamic digital economy.

Looking ahead, Animoca Brands’ plans to relist on the stock market by 2025 underscore its long-term vision and strategic foresight in harnessing blockchain technology’s transformative potential. The move reflects its dedication to expanding its market presence, driving shareholder value, and shaping the future of digital entertainment and gaming.

In conclusion, Animoca Brands’ announcement to relist on the stock market by 2025 highlights its strategic focus on capitalizing on the digital economy’s growth and investor appetite for blockchain and NFT-related investments. The company’s anticipated return to the stock market signals a pivotal moment in its journey to unlock value and propel innovation in the evolving landscape of digital entertainment.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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