Ionik Corporation has extended its syndicated debt facility maturity from May 25 to June 25, 2026, to complete a comprehensive debt reorganization and enter a new senior debt facility. The reorganization will convert about US$61 million of debt into equity by issuing approximately 225.6 million shares and repay about US$25.8 million in cash, reducing near-term cash obligations and extending remaining debt maturity to 2030. This restructuring involves acquisition-related debts from several companies Ionik acquired between 2022 and 2024. The company expects to finalize approvals and enter the new facility by mid-June 2026, aiming to improve its capital structure and liquidity position.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
