Medallion Financial Corp. responded to ZimCal's third consecutive proxy contest by highlighting the risks of electing ZimCal's nominees, especially Eric Kelly, whose past includes alleged financial misconduct and poor business performance. Medallion emphasized its strong financial track record, including a 452% total shareholder return since its transformation began, and criticized ZimCal founder Stephen Hodges for seeking a debt buyout at a premium rather than creating shareholder value. The company urged shareholders to vote for its proven leadership on the WHITE proxy card to maintain stability and continued growth. This proxy battle underscores the tension between long-term shareholder value and activist investors focused on debt recovery.
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'...
