cicada

On-chain asset management platform Cicada Tech has announced a non-binding merger and acquisition letter of intent with Nasdaq-listed company Linkage Global, and issued a 6-K announcement this week, aiming to create a globally leading on-chain asset management enterprise.The listing process of CICADA will mark the beginning of a rapid development period for RWA finance and is an inevitable trend of the integration of traditional and emerging finance. Founder Mr. Yang Ge Gary stated that the world will quickly enter a new financial environment, where asset management and investment are undergoing a paradigm shift. CICADA combines rich crypto experience with professional asset management credit to fully build RWA financial blue chips and establish a future-oriented on-chain asset management industry.

On-chain asset management platform Cicada Tech and Nasdaq-listed company Linkage Global announced the signing of a non-binding merger intention letter and issued a 6-K announcement this week.According to the transaction, Linkage Global plans to acquire 100% of Cicada's equity for a total consideration of $60 million, of which $3 million will be paid in cash, and the remaining amount will be paid through the issuance of Linkage Global Class A common stock. Mr. Gary Yang, founder of Cicada Tech, stated that the world will rapidly enter a new financial environment, with asset management and investment undergoing a paradigm shift. Cicada combines rich crypto experience with over 15 years of professional financial management expertise to fully develop RWA financial blue chips and build a future-oriented on-chain asset management industry.

According to ChainCatcher news, CMC data shows that the CICADA Finance platform token ltCIC reached a maximum increase of 798.88% within a day after its launch, and the DEX liquidity pool currently stands at 1.8 million USD.Previously, NewsBTC reported that CICADA's fair launch raised funds with USD1 as the fundraising token, completing an oversubscription of 18 million USD on the BSC chain.To give back to the community for their support, CICADA will soon launch a mining festival event, where users can participate in the subscription of the real yield asset token ciUSD, while enjoying rewards from both the underlying real yield and the upper-layer ecological multi-mining.

ChainCatcher news, on-chain credit risk management company Cicada Partners has completed a $9.7 million Pre-Seed funding round, led by Choppa Capital, with participation from Bitscale, Bodhi Ventures, and Shiliang Tang. The funds raised will be used to provide seed capital for multiple new non-custodial lending pools and to conduct research and development on new blockchain lending use cases.

ChainCatcher news, a16z Crypto announced this week the open-source on-chain privacy voting system Cicada, aimed at achieving on-chain privacy voting on the Ethereum blockchain by utilizing time-lock puzzles and zero-knowledge proofs to minimize trust assumptions.a16z Crypto developer Michael Zhu stated on social media that the existing on-chain voting functionality of Cicada "is not yet ready for high-risk real-world use cases," while citing Ethereum co-founder Vitalik Buterin's article on blockchain voting, which claims that "blockchain voting is overestimated among the uninformed but underestimated among the informed." However, Michael Zhu believes that the related issues can be resolved in the future. (source link)