ChainCatcher News: Zhongchi Chefu Internet Technology Co., Ltd. announced that it has completed negotiations to acquire approximately $1.87 billion worth of high-quality digital assets from a crypto organization for about $1.1 billion.
The acquisition includes mainstream crypto assets, high-growth potential public chain ecosystem tokens, infrastructure assets related to stablecoins and compliant payment systems, as well as equity and tokens of multiple high-quality projects. Additionally, Zhongchi Chefu’s US subsidiary has reached a preliminary cooperation agreement with the crypto giant, and the two parties will collaborate deeply on the development of the Digital Asset Repository (DAT), building compliant crypto payment infrastructure, and expanding multi-scenario payment ecosystems, jointly creating and leading the global digital asset and crypto payment markets. Zhongchi Chefu management stated that this countercyclical digital asset acquisition marks the company’s transition from “traditional asset allocation” to a new era of “global diversified digital asset allocation.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CertiK: Prediction market to reach $63.5 billion in trading volume by 2025, with the industry facing security and regulatory challenges
CertiK's "2026 Skynet Prediction Market Report" indicates that the predicted trading volume of prediction markets will reach $63.5 billion in 2025, with risks increasing accordingly. Legalized in the United States but banned in some EU countries, future efforts will need to address liquidity, security, and revenue models to achieve sustainable development.
GateNewsBot5m ago
Chainlink Adoption Accelerates With 20 New Integrations Across 12 Blockchains
20 new Chainlink integrations rolled out across 8 services and 12 blockchains, including Ethereum, Linea, World Chain, and zkSync.
MegaETH joined Chainlink Scale and launched with Data Feeds, Data Streams, and CCIP enabled from day one.
Chainlink has announced 20 new integrations to its
CryptoNewsFlash6m ago
Cardano Launches 'Major' Mainnet Upgrade, Triggers 30% Faster Sync - U.Today
Cardano Foundation has upgraded Cardano Rosetta Java to v2.0.0, enhancing backend infrastructure for faster data access with a 30% reduction in synchronization time. This upgrade improves exchange onboarding, reliability, and scalability, potentially boosting ADA adoption and price.
UToday2h ago
Overview of mainstream Perp DEXs: Hyperliquid's holdings drop to a nearly 9-month low, down 40% month-over-month
As of February 10, the Hyperliquid platform's 24-hour trading volume was $6.64 billion, leading other platforms. The trading volumes of the remaining platforms did not exceed $4 billion, and the overall open interest reached a nearly 9-month low, indicating a decline in market activity.
GateNewsBot2h ago
Bitcoin halving cycle is not over! Kaiko Research: Perfectly reproduces the 2018 bear market script
Kaiko Research reports show that Bitcoin's decline from $126,000 to $60,000, a 52% drop, perfectly aligns with the bear market pattern after the halving. The peak occurs 12-18 months after the April 2024 halving, with futures open interest down 55% and ETF outflows exceeding $2.1 billion. Kaiko warns that bear markets typically last 6-12 months.
MarketWhisper6h ago
Coinglass Report Highlights Discrepancies Across Perp DEXs, Raising Debate
Coinglass highlights inconsistencies between Perpetual DEXs, including Hyperliquid, Aster, and Lighter.
The analysis shows gaps between volume, open interest, and liquidations, raising questions about trading quality on perp DEXs and debate over Coinglass analysis
The latest Coinglass analysis
TheNewsCrypto02-09 12:43