Samara Asset Group (SRAG:GR) has announced plans to issue a senior secured Nordic bond of up to €30 million, aimed at expanding its portfolio through investments in alternative funds and bolstering its Bitcoin holdings.        

Tether Holdings Ltd, the company behind the world’s largest stablecoin, USDT, is expanding its horizons by exploring lending opportunities in the commodities trading sector. 

World Liberty Financial (WLF) is set to launch its public token sale for WLFI on Tuesday, with over 100,000 people already signed up via the whitelist. Co-founded by Zak Folkman, Chase Herro, and the Witkoff brothers, the project is said to be inspired by the vision of Donald Trump.

Top stories in the Crypto Roundup today:

• Alternative Investment Firm to Issue €30M Bond to Increase Its Bitcoin Holdings
• Tether Eyes Commodities Lending as it Looks to Deploy Billions in Profits
• World Liberty Financial Set to Launch WLFI Token as Trump Jr. Backs DeFi Vision
• Highest Performing Tokens since BTC’s Recent Dip

Alternative Investment Firm to Issue €30M Bond to Increase Its Bitcoin Holdings

Samara Asset Group (SRAG:GR) has announced plans to issue a senior secured Nordic bond of up to €30 million, aimed at expanding its portfolio through investments in alternative funds and bolstering its Bitcoin holdings. This move comes as part of Samara’s broader strategy to diversify and enhance its financial position, with Bitcoin serving as its primary treasury asset.

Samara is a Malta-based alternative asset manager with a focus on deep-tech investments, particularly in Bitcoin infrastructure and related technologies. Formerly known as Cryptology Asset Group, it has transitioned from being primarily a holding company into a fully operational asset management platform. The firm actively invests in emerging technologies and strategies that leverage Bitcoin’s potential.

Samara is publicly listed on several German exchanges, including Börse Düsseldorf and Xetra, which helps to increase trading liquidity. The company has notable backing, including co-founders such as Christian Angermayer’s family office, Apeiron Investment Group, and well-known crypto figure Mike Novogratz.

The bond, to be issued by Samara Asset Group, will be backed by Samara Asset Holdings, a newly formed entity that will act as a guarantor. The company plans to list the bond on unregulated markets in Oslo and Frankfurt, targeting high-value investors with a minimum subscription requirement of €100,000.

Tether Eyes Commodities Lending as it Looks to Deploy Billions in Profits

Tether Holding, the company behind the world’s largest stablecoin USDT, is expanding its horizons by exploring lending opportunities in the commodities trading sector.

According to a report by Bloomberg, citing people familiar with the matter, the firm has been in talks with several commodities trading companies, considering US dollar lending as a new avenue to deploy its billions in profits.

The commodity trading industry, which revolves around the movement of high-value shipments like oil, metals, and food, heavily relies on credit lines to maintain operations. While larger players like Trafigura Group have access to vast networks of lenders, smaller trading firms often struggle to secure the necessary credit to keep shipments moving.

Tether’s potential involvement in this space could offer a lifeline for these firms, as its funding wouldn’t be subject to the stringent conditions imposed on traditional lenders. In its latest financial attestation, Tether reported $5.2 billion in earnings for the first half of 2024 and Paolo Ardoino, its Chief Executive Officer, confirmed that the company is actively exploring opportunities in the commodities space, though the strategy is still in its early stages.

He added that while Tether has yet to disclose how much it intends to invest, the company sees significant potential in this market.

World Liberty Financial to Launch WLFI Token as Trump Jr. Backs DeFi Vision

World Liberty Financial (WLF) is set to launch its public token sale for WLFI on Tuesday, with over 100,000 people already signed up via the whitelist. Co-founded by Zak Folkman, Chase Herro, and the Witkoff brothers, the project is said to be inspired by the vision of Donald Trump.

The WLFI token, built on the Ethereum Layer-2 network Scroll, aims to raise $300 million through its initial sale, offering 63% of the total supply to the public. The remaining tokens will be allocated for user rewards (17%) and team compensation (20%).

WLFI will be available to accredited investors in the U.S. and the UK, as well as qualified investors elsewhere. Its fully diluted valuation is pegged at $1.5 billion, and the project’s first phase includes launching a decentralized finance (DeFi) lending platform, similar to Aave, allowing users to borrow and lend tokens like bitcoin, ether, and stablecoins.

The second phase involves integrating with exchanges and implementing on-chain know-your-customer (KYC) processes, while the final phase will involve fractionalizing real-world assets and obtaining regulatory licenses.

Rich Teo, co-founder of Paxos, recently joined the project as the stablecoin and payments lead. During a live stream, Donald Trump Jr. criticized the U.S. banking system and endorsed the potential of DeFi to create a more inclusive and reliable financial system. Sandy Peng of Scroll added that the project aims to make DeFi more accessible to the public, emphasizing its potential to revolutionize finance.

Highest Performing Tokens Since BTC’s Recent Dip

After Bitcoin’s price plunged below the $59,000 mark on October 10, several tokens in the top 100 by trading volume made impressive recoveries, the largest of which was seen for ASM, an AI-based news agent token that surged 48.1%.

It was followed by SAGA, the Layer-1 protocol that enables automatically paralyzed chains, which saw a gain of 43.4%, and by AXL, which provides cross-chain infrastructure and recently partnered with JPMorgan through Project Guardian, which surged 39.3%.

Since then, the cryptocurrency market’s recovery has seen strong performance in various sectors, with memecoins showing resiliency and AI tokens moving up significantly. Several major tokens within these two categories saw gains above 20% since the dip.

State of the Crypto by Top Tier Exchange Volume

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