Prospera Energy has extended the maturity of its $20.7 million senior term loan from August 2026 to August 2028, maintaining the original 12% interest terms. This extension removes near-term refinancing pressure and supports the company's plan to raise up to C$12 million in equity financing. The funds will be used to reactivate and optimize heavy oil wells in Saskatchewan amid a strong commodity price environment, with West Texas Intermediate prices above $80/bbl and improved Canadian heavy oil differentials. The extended loan and equity raise aim to fund production growth, enhance cash flow, and convert reserves, positioning Prospera for sustainable growth through its reactivation program.
On September 2, 2026, Zilliqa will execute a hard fork to move ZIL balances from old wallets to new ones for ten exchanges, enabling them to reopen deposits and withdrawals after weeks of suspension. This fork addresses a critical signing flaw in the...
The crypto market cap closed the week flat at $2.73 trillion after volatile swings between $2.70 trillion and $2.79 trillion, following a prior week’s $500 billion surge. Bitcoin showed resilience, finishing with a modest 1% weekly gain and over 20% ...
Cardano's ADA is experiencing a significant liquidation imbalance, with long positions liquidated at a rate over 10,000% higher than shorts, totaling $1.17 million in the last 24 hours. This imbalance coincides with ADA testing a critical support lev...
Switchboard, a multi-chain oracle protocol, stopped operations on Aptos, Sui, IOTA, and Movement networks after detecting a security breach involving a compromised oracle key on IOTA. This breach allowed an attacker to inflate IOTA's price to $10 mil...
Spot Ripple ETFs have recorded nine consecutive days of inflows totaling $157 million this month, indicating strong investor interest despite XRP's price dropping over 8.5% to around $1.38. Whale investors remain divided, with some holding long posit...
