ChainCatcher news, Japanese listed company Metaplanet announced on platform X that it has established a wholly-owned subsidiary in the British Virgin Islands to strengthen the strategic management of BTC assets.Previous news, the directors of Metaplanet have approved a plan to purchase Bitcoin worth approximately $6.25 million (1 billion yen).

ChainCatcher news, WeLab founder and Group CEO Ronny Tong stated that the corporate restructuring has been completed, and WeLend is now a wholly-owned subsidiary of WeLab Bank, planning to expand its business in Hong Kong to the next growth stage.WeLab Bank CEO Li Ka Tat stated that they are accelerating business planning and enhancing profitability, currently serving over 650,000 users, and expect to generate an additional HKD 800 million in net profit over the next five years, with hopes of achieving profitability by 2025.

ChainCatcher news, Coolpad Group, through its wholly-owned subsidiary Digital Tech Inc., has conducted a series of public market acquisitions involving amounts exceeding 5% but less than 25% of the applicable percentage rate, constituting a disclosable transaction under the listing rules.During the period from April 16 to May 8, 2024, Digital Tech acquired 1,500,000 shares of CLSK for a total consideration of approximately $23.84 million, and from April 19 to May 8, 2024, acquired 113,000 shares of IBIT for a total consideration of approximately $4.03 million, equivalent to about $35.64 per share of IBIT.It is reported that CLSK is a Bitcoin mining company registered in the state of Nevada, USA, and its common stock is listed on the NASDAQ Capital Market. The business introduction of Coolpad Group mentions that the company, in addition to traditional mobile phone and accessory manufacturing and sales, is also actively exploring new business opportunities, particularly in the fields of Web 3.0 and digital currency.

ChainCatcher news, the Hong Kong-listed company Guofu Innovation announced that its wholly-owned subsidiary Fortune Genesis Holdings Limited intends to acquire 1,459.8151 shares of Summer Feeder Fund Limited (the target fund) from the company's chairman, executive director, and major shareholder Liu Zhiwei, with a purchase value of 1.6 million USD. The target fund is an exempt company registered in the Cayman Islands, established for investment purposes. The investment target entity of the target fund is SEBA Bank AG, which is a joint-stock company registered in Switzerland, primarily engaged in banking services related to cryptocurrencies.The announcement stated that the acquisition represents a good opportunity for the group to enter the virtual asset business, applying blockchain technology to provide banking solutions and financial services.In mid-August, Innovation disclosed that its wholly-owned subsidiary Fuqiang Securities has submitted an application to the Hong Kong Securities and Futures Commission for a license to engage in regulated activities under Type 1 (dealing in securities) related to virtual assets. Fuqiang Securities plans to provide virtual asset trading services under a comprehensive account arrangement and to offer virtual asset trading services by introducing qualified clients for direct trading on licensed virtual asset platforms. Subject to obtaining the necessary regulatory approvals, Fuqiang Securities will expand its business to engage in virtual asset-related services in line with the company's strategy to provide investors with more diversified services and to explore new sources of revenue.

ChainCatcher news, according to a press release from the Federal Deposit Insurance Corporation (FDIC), New York Community Bank's wholly-owned subsidiary Flagstar Bank will accept all deposits and certain loan portfolios held by the former Signature Bank (Signature Bridge Bank).It is reported that 40 former branches of Signature Bank will operate under Flagstar Bank starting on March 20. Except for depositors related to digital banking, all depositors of Signature Bridge Bank will automatically become depositors of Flagstar Bank, and all their deposits will continue to be insured by the FDIC. Flagstar Bank's bid does not include approximately $4 billion in deposits related to the former Signature Bank's digital banking business. The FDIC will provide these deposits directly to customers associated with accounts related to the digital banking business. (Source link)

ChainCatcher news, according to Modular Finance, Fragbite Group AB's wholly-owned subsidiary Lucky Kat has signed an agreement with the metaverse gaming platform The Sandbox. Under this agreement, Lucky Kat will develop a multiplayer, parkour-themed template based on the partnership announced in 2022. This template will allow for skin changes on other avatar collections in The Sandbox. The template will be released as a standalone experience first. (Source link)

ChainCatcher news, the bankrupt Genesis's wholly-owned subsidiary GGC International Limited has filed a lawsuit against early Bitcoin investor and Bitcoin.com founder Roger Ver, claiming he failed to settle cryptocurrency options trades. GGC is seeking "monetary compensation from the defendant for failing to settle the cryptocurrency options trades that expired on December 30, 2022, with the amount to be determined at trial, but not less than $20.9 million."According to reports, the Genesis website indicates that GGC International Limited is a British Virgin Islands company wholly owned by Genesis Global Capital, engaged in spot trading activities and hedging risk exposure through digital asset derivatives. (Source link)