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Cango Receives Preliminary Offer for Share Acquisition
According to Odaily, New York Stock Exchange-listed Bitcoin mining company Cango has received a preliminary non-binding letter of intent from Enduring Wealth Capital Limited (EWCL). The proposal aims to acquire 10 million Class B common shares from the company's co-founder, with the purchase price to be negotiated by both parties. Additionally, the letter requests that Cango's founder voluntarily convert all remaining Class B common shares into Class A common shares and resign from board and executive positions. Previously, Cango announced that its board had approved a stock repurchase plan, intending to buy back issued American Depositary Shares (ADS) and Class A common shares over the next 12 months starting April 25, 2025, with a repurchase scale reaching $30 million.
According to Odaily, New York Stock Exchange-listed Bitcoin mining company Cango has received a preliminary non-binding letter of intent from Enduring Wealth Capital Limited (EWCL). The proposal aims to acquire 10 million Class B common shares from the company's co-founder, with the purchase price to be negotiated by both parties. Additionally, the letter requests that Cango's founder voluntarily convert all remaining Class B common shares into Class A common shares and resign from board and executive positions. Previously, Cango announced that its board had approved a stock repurchase plan, intending to buy back issued American Depositary Shares (ADS) and Class A common shares over the next 12 months starting April 25, 2025, with a repurchase scale reaching $30 million.
https://binance.onelink.me/y874/5dioq6ym?af_force_deeplink=true
When Will the Bull Market End? ๐จIMPORTANT๐จ
It is difficult to predict the exact date when the bull market will end. However, based on historical data and expert opinions, the real bull run in the crypto market is expected to start around April 2024, aligning with the anticipated Bitcoin halving.
In past cycles, the bull market has lasted for about 2 years after the halving, which would put the end of the bull run around April 2026. However, this is just an estimate and the actual duration of the bull market may vary depending on various factors such as market sentiment, regulatory changes, and global economic conditions.
Are We Currently in a Bull Market?
It is difficult to predict the exact date when the bull market will end. However, based on historical data and expert opinions, the real bull run in the crypto market is expected to start around April 2024, aligning with the anticipated Bitcoin halving.
In past cycles, the bull market has lasted for about 2 years after the halving, which would put the end of the bull run around April 2026. However, this is just an estimate and the actual duration of the bull market may vary depending on various factors such as market sentiment, regulatory changes, and global economic conditions.
Are We Currently in a Bull Market?
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Which new coins are coming to Binance?
Next, we will look deeper into our picks for the next new Binance listings.
Green Bitcoin โ Eco-Friendly Version of Bitcoin Offers 287% Staking APYs. ...
Scotty the AI โ AI-Based Crypto Offers High Staking Yields. ...
Smog โ Latest Meme Coin on Solana, Following the Footsteps of BONK and WIF.
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