StrikePoint Gold announced a 10-to-1 consolidation of its shares effective October 2, 2026, reducing the total shares to about 7.2 million pre-financing. The company will close its $190 million acquisition of the Northumberland Gold Project in Nevada around October 6, 2026, funded by a bought deal financing. With approximately C$90 million in cash post-acquisition, StrikePoint plans to aggressively advance exploration and development of the project, which has been idle for over 15 years. The Northumberland project is positioned as the company's flagship asset in a mining-friendly jurisdiction, aiming for resource expansion and technical studies.
StrikePoint Gold's consolidation and acquisition plans provide context for Basic Materials sector activity on Pluang. As of September 30, 2026, 11 of 38 priced Basic Materials-sector US stocks rose while 27 fell. Notable prices include Standard Lithium Ltd at USD 1.80 with a 1.64% decrease, Freeport-McMoRan Inc at USD 70.98 with a 1.33% decrease, and Nucor Corporation at USD 244.16 with a 1.25% decrease, recorded at 05:21 WIB.
Abracadabra's community has proposed liquidating the protocol following repeated attacks that left its Magic Internet Money (MIM) token severely undercollateralized and unable to regain its peg. The current collateral backing MIM is estimated at $900...
Cosmos Labs has developed a Tokenization Suite that connects banks' existing core ledgers and tokenized-deposit systems with Swift's blockchain-based shared ledger. This integration allows financial institutions to offer 24/7 cross-border payments wi...
Abracadabra has proposed liquidating its decentralized lending protocol, which would result in MIM stablecoin holders recovering only about 4 cents per dollar of debt, reflecting a 96% loss. The proposal estimates recovering $900,000 in assets agains...
Abracadabra DAO is voting on a proposal to close its lending protocol and liquidate the Magic Internet Money (MIM) stablecoin due to $21 million in bad debt causing severe undercollateralization. The stablecoin's backing is now worth less than 4 cent...
China's commerce ministry has warned the European Union that it will respond firmly if the EU imposes restrictions on Chinese businesses or products. This warning comes ahead of high-level trade talks scheduled in Beijing next week, as Europe aims to...
