BNB falls below the $1150 mark

[Propanc Biopharma and Hexstone Capital Reach $100 Million Strategic Financing Agreement] On October 15, biopharmaceutical company Propanc Biopharma announced that it has reached a strategic financing agreement of up to $100 million with family office Hexstone Capital. The company is adopting an Ethereum treasury strategy, aiming to accelerate the development of its clinical pipeline through this financing and increase the value of its digital asset portfolio to $100 million or more within the next 12 months. Propanc CEO James Nathanielsz emphasized that this move will advance the company's presence in the digital asset sector. Hexstone Capital has previously invested in multiple enterprises holding digital assets such as $BTC, $ETH, $SOL, and $DOGE. Notably, Propanc had announced plans in early September to acquire $100 million worth of Ethereum assets.

[Launchcoin Renamed to Believe and Adjusts Token Economic Model] Launchcoin has announced its renaming to Believe, with the total supply increased to 1.33 billion tokens, a 25% increase compared to the original version. Among these, 17% will be allocated for ecosystem incentives, 5% distributed to early investors, and 3% reserved for the foundation to support ecosystem development. Unclaimed tokens will be permanently destroyed after the upgrade period, reducing the target total supply to 1 billion tokens. After the upgrade period ends, Launchcoin will cease support and maintenance.

ARB will unlock 93.12 million tokens today, valued at approximately $30.26 million, accounting for 0.931% of total supply. The current circulating supply is 4.76 billion tokens, with a total supply of 10.00 billion tokens.

On October 16, YZi Labs announced that it has led a $50 million financing round for Better Payment Network (BPN). BPN focuses on programmable payment networks in the multi-stablecoin era, built on the BNB Chain and utilizing a CeDeFi architecture. It supports instant, low-cost, and compliant cross-border settlements. Its system optimizes payment liquidity through real-time stablecoin minting and conversion, reducing settlement time to 3-4 hours and costs to approximately 30 basis points.

1. Federal Reserve officials expect to cut interest rates twice more this year 2. The US government explores adding $1.4 billion in Bitcoin to its reserves 3. US Department of Justice Confiscates $15 Billion in Bitcoin, Involved in Cambodian Telefraud Case 4. UK plans to update crypto donation guidelines, Reform UK accepts first crypto donation 5. Ripple plans to expand its stablecoin RLUSD to the African market 6. The Bank of England plans to lift the limit on stablecoin holdings 7. Listed companies increase their holdings of Ethereum by billions of dollars 8. Sony applies for banking license and plans to provide cryptocurrency services The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/493589