Mill City acquires 76.3M SUI following $450M raise amid push for Sui corporate strategy Mill City Ventures has acquired 76.3 million SUI tokens following the close of a $450 million private placement, becoming the first publicly listed company to launch a crypto treasury strategy backed by the Sui Foundation. Mill City partnered with hedge fund Karatage and received an equivalent investment from the Sui Sui sui -6.89% Sui Foundation to kick off the initiative.
The firm’s new SUI holdings, acquired at an average price of $3.6389, are now held in a public wrapper offering retail and institutional investors daily liquidity.
Institutional access to Sui begins Mill City’s treasury now holds over $277 million in SUI and plans to continue accumulation through over-the-counter and open market purchases. The strategy allows investors to gain direct exposure to the Sui network via a listed vehicle, positioning the firm as a unique access point for capital markets participants. The deal was led by Karatage co-founders Marius Barnett and Stephen Mackintosh, who have joined Mill City as chairman and chief investment officer, respectively. Galaxy Asset Management will oversee the treasury’s operations, while other major participants include Pantera, Electric Capital, ParaFi, and Big Brain Holdings.$SUI
Solana: High-Speed Blockchain for the Future of Web3
Solana is a high-performance Layer-1 blockchain designed for fast, scalable, and low-cost decentralized applications.
Launched in 2020 by Anatoly Yakovenko, Solana stands out for its ability to handle thousands of transactions per second (TPS) with near-zero fees making it ideal for DeFi, NFTs, and gaming.
Unique Technology: Proof of History
Solana’s core innovation is Proof of History (PoH), a cryptographic timestamping method that keeps the network in sync without relying on traditional consensus models.
Combined with Proof of Stake (PoS), this allows Solana to process transactions in parallel with unmatched speed and efficiency.
SOL Token Utility
The native token, $SOL , is used to pay for transaction fees, staking, and securing the network. Holders can delegate SOL to validators and earn staking rewards while supporting decentralization.
Ecosystem & Growth
Solana boasts a rapidly growing ecosystem with top projects like Phantom, Jupiter, Marinade, and Tensor. It's a favorite for NFT collections and mobile-first dApps, with frequent network upgrades improving performance and reliability.
With a focus on speed, scale, and user experience, Solana is positioning itself as the go-to chain for the next generation of Web3 applications.
Today I chatted with a friend who deals with traditional fixed income products about the recent returns on the big pie.
He looked disdainful and said: It's better not to touch these non-mainstream products.
I should have just laughed it off. But he can look down on me, but he cannot insult my big pie.
I directly threw the data at him: A global asset scale ranked sixth, 2 trillion dollars, exceeding the scale of silver, and you tell me it's non-mainstream.
You are the non-mainstream; your career should have become non-mainstream.
Red envelope 🧧 asking for data, I want to slap him in the face, you guys say: Who is non-mainstream? He or the big pie.
Lagrange ($LA), as an emerging crypto project in the Web3 world, is becoming the 'universal key' of the multi-chain ecosystem with its technological innovations. This project addresses the interoperability, privacy protection, and performance bottleneck issues of blockchain applications through two core technologies: a decentralized zero-knowledge proof network and ultra-parallel ZK co-processors. The LA token, as the core of the ecosystem, has three main practical values: paying network proof fees, staking for rewards, and participating in community governance decisions. Its unique advantage lies in breaking down barriers between public chains like Ethereum and Solana, enabling the free flow of assets across chains, while providing financial-grade privacy protection for users based on zero-knowledge proof technology. Currently, LA has been listed on major exchanges such as Binance, and investors can participate in trading after conducting in-depth research. With the acceleration of the Web3 multi-chain trend, Lagrange is expected to become an important infrastructure connecting fragmented blockchain networks, and its token LA may demonstrate greater application potential in areas such as DeFi and GameFi. However, it is important to note the volatility risks in the cryptocurrency market, and investors are advised to rationally assess the technological prospects and market environment.
#币安Alpha Tomorrow, alpha has no news temporarily, but there should be some from last Friday. At 2 PM tomorrow, you can grab the second segment of $NAORIS , and there will be an AIO alpha airdrop on August 2nd. #Binance