Zeta Network Secures $231 Million Bitcoin-Backed Investment in Private Placement
Zeta Network Group said it has entered into a securities purchase agreement for approximately $230.8 million through a private placement backed by Bitcoin and SolvBTC, a wrapped Bitcoin token issued by Solv Protocol. The transaction, announced Tuesday, is expected to close on October 16, 2025, subject to customary conditions. The agreement covers the sale of the company’s Class A ordinary shares and accompanying warrants, each warrant allowing the purchase of one share at an exercise price of $2.55. The combined offering price for each share and warrant is set at $1.70. Proceeds Payable in Bitcoin and SolvBTC According to the company, the aggregate proceeds of about $230.8 million will be paid in either Bitcoin or SolvBTC, which maintains a one-to-one backing with Bitcoin held under regulated custody. SolvBTC is part of Solv Protocol’s suite of institutional on-chain financial products designed to integrate traditional capital markets with blockchain-based assets. Zeta Network said the private placement will bolster its balance sheet and increase its net asset value through exposure to a Bitcoin-backed instrument. The move comes amid broader market volatility, reflecting what the firm described as a disciplined, counter-cyclical treasury management approach consistent with strategies used by other public companies accumulating Bitcoin during downturns. Strategic Integration of Tokenized Bitcoin Assets Patrick Ngan, Zeta Network Group’s chief investment officer, said the addition of SolvBTC to the company’s treasury strategy is intended to strengthen its financial position by combining Bitcoin exposure with structured yield-generation. The company did not disclose the expected yield or specific allocation ratio between Bitcoin and SolvBTC. Ryan Chow, chief executive of Solv Protocol, said the arrangement illustrates how listed entities are exploring tokenized instruments to manage digital assets within regulated frameworks. Solv Protocol’s model allows proof-of-reserves verification on-chain, providing transparency around collateral backing each SolvBTC token. Zeta Network said this investment also marks the start of a broader collaboration with Solv Protocol to develop compliant frameworks for tokenized Bitcoin participation in public capital markets. The company added that such instruments may offer a pathway for publicly traded firms to hold and deploy Bitcoin productively while meeting corporate governance and reporting standards. The private placement represents one of the latest efforts by a Nasdaq-listed company to integrate digital assets into its financial structure. If completed as planned, Zeta Network Group will join a small but growing number of public firms seeking to use blockchain-based mechanisms to diversify corporate treasuries.
How to Mine Cryptocurrency on Your Phone
A few years ago, you could only mine using your personal computer or laptop. As digital currency became more popular, more specialized hardware like GPUs and ASICs now exist. However, crypto mining is more accessible now than ever, opening up new and exciting ways to mine—even from the convenience of your phone. In this guide, we look at how to mine cryptocurrency on your phone, and the best apps for mining on phones. Key Takeaways The Fundamentals of Mining Cryptocurrency on a Phone Mining cryptocurrency on phone involves using a mobile device to perform the computations needed to validate transactions on a blockchain and earn crypto rewards. This method is easily accessible through various mobile mining apps available on both Android and iOS platforms. It offers the convenience of mining on the go with relatively low power consumption. However, mobile mining has significant limitations, including low computational power, rapid battery drain, potential overheating, and minimal profitability. It’s generally seen as a way for beginners to explore crypto mining rather than a serious mining solution. Comparing to GPUs and ASICs GPUs (Graphics Processing Units): GPUs are powerful and versatile, making them a popular choice for mining cryptocurrencies that require high hash rates, like Ethereum. They offer high computational power and the flexibility to mine different types of cryptocurrencies by switching software. However, GPUs are expensive and consume much power, leading to higher setup and operational costs. ASICs (Application-Specific Integrated Circuits): ASICs are designed specifically for mining certain cryptocurrencies, such as Bitcoin. They provide extremely high efficiency and hash rates, resulting in higher profitability. Despite their high initial cost and significant power consumption, ASICs are preferred for their optimized performance. However, they lack flexibility, as they are limited to specific mining algorithms. Top 6 Crypto Mining Apps for Android in 2024 While dedicated mining rigs offer the most efficient mining experience, several mobile apps allow you to mine cryptocurrencies on your Android phone. Here’s a breakdown of some popular options: 1. Pi Network Pi Network distributes Pi coins through its mobile app, allowing users to mine cryptocurrency on their smartphones. It offers a user-friendly interface and aims to create a decentralized network of users. Pi Network takes a unique approach by distributing Pi coins through their app, which they claim offers a more accessible way for users to mine cryptocurrency. In the mining process, users accumulate Pi by bolstering the network’s security through simple daily tasks within the app, such as clicking a button. Pros: Cons: Pricing Mining on Pi network does not require any fee. Users contribute to the network’s security through their daily activities within the app, like clicking a button and earning Pi as a reward for their participation. 2. Binance Binance, one of the world’s top crypto exchanges, features a cloud mining feature for various cryptocurrencies. Users can participate in cloud mining to earn rewards without the need for specialized hardware. Binance, the world’s leading crypto exchange, offers cloud mining for various cryptocurrencies. Users purchase cloud mining contracts, which allocate computing power to mine crypto on Binance’s servers. “On Binance, you can purchase cloud mining products of varying durations, for example 60 days or 100 days. If you want to buy hashrate on Binance, you’ll have to pay with the USDT stablecoin” Pros: Cons: Pricing On Binance, users pay for cloud mining contracts that provide a specified amount of hash power. These payments are usually made upfront and can be in cryptocurrencies like Bitcoin or Tether. The fee covers hardware, electricity, and maintenance costs. Users then earn a portion of the mined cryptocurrency, which is deposited into their Binance account. Related: Top 10 Best Banks for Cryptocurrency 3. Brave Browser Although this is not entirely a mining process, Brave Browser users mine BAT tokens when they use the browser and view privacy-respecting ads. It is one of the mobile-friendly ways to earn cryptocurrency for executing tasks. It integrates seamlessly with Android devices, providing an easy way to earn cryptocurrency while browsing the web. Brave Browser rewards users with BAT tokens for viewing ads and supporting creators. BAT tokens are earned through passive browsing and engagement with ad campaigns. Pros: Cons: Pricing It cost only your attention to start getting cryptocurrency on Brave Browser. Using the Brave browser, users can earn cryptocurrency, specifically Basic Attention Tokens (BAT), without any cost. When users opt into Brave’s privacy-focused ad system, they are shown relevant ads that respect their privacy. In return for their attention, users receive BAT as a reward. These tokens can be stored, traded, or used to support content creators directly within the browser. This model benefits users by compensating them for their attention and provides a more private and secure browsing experience. 4. BTCClicks App BTCClicks is a pay-to-click (PTC) platform that allows users to earn Bitcoin by viewing advertisements. Launched in 2013, BTCClicks has become a popular way for users to accumulate small amounts of Bitcoin without requiring any upfront investment. Advertisers can use the platform to promote their products or services to a global audience, paying in Bitcoin for the ad views they receive. The platform also offers a referral program, enabling users to earn additional Bitcoin by inviting new members. Pros: Cons: Pricing: 5. ECOS App for Cloud Mining The ECOS app provides a user-friendly interface for managing cryptocurrency investments and mining activities. Through the app, users can purchase cloud mining contracts, track their mining performance, and manage their cryptocurrency portfolio. ECOS operates its mining farm in Armenia, leveraging the region’s favorable conditions for energy costs and regulatory support. Pros: Cons: Pricing: 6. Hashshiny App for Cloud Mining Hashshiny provides cloud mining services for cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others. The platform claims to offer high mining efficiency through advanced mining equipment and technology. The Hashshiny app allows users to purchase mining contracts, monitor their mining performance, and manage their earnings conveniently from their smartphones. Pros: Cons: Pricing: . Table showing top 6 mining apps, their pros, cons and pricing App Name Description
How To Read Crypto Trading Charts
Reading Cryptocurrency charts can feel like a difficult or daunting task for beginners and professional traders. Large-cap cryptocurrencies like $BTC and $ETH are notoriously volatile, resulting in overwhelming charts. Have you ever looked at a Cryptocurrency Chart and felt like you were reading a foreign language? The more you looked at it, the more confused you became. If you have ever found yourself in this situation and you’re looking for a way to develop your crypto trading chart reading skills, this guide is for you. In this article, you will be provided with the necessary skills and knowledge to start reading charts like a professional, even on the most volatile trading days. Key Takeaways What are Crypto Trading Charts Crypto trading charts are visual representations of the price movements of cryptocurrencies. They are tools that display relevant data (historical price, volumes, time intervals, etc.) in such a manner that helps investors and traders understand cryptocurrency price movements. Crypto Trading Charts aid investors in identifying patterns and trends in price movements to enable them to make more informed trading decisions. These charts form patterns based on past digital currency price movements and are used to spot investment opportunities. The way the data is plotted can help you see patterns in the market, identify trends as they form, and help you paint a picture of the overall momentum of the market, whether bullish (people are buying, and the price is going up) or bearish (people are selling and the price is going down). Crypto Trading Charts also aid in predicting the direction the market is going and what the price will be in the future, so you know when to buy, when to sell, and when to hold on. Types of Crypto Trading Charts Crypto trading charts are crucial for traders to analyze market trends and make informed decisions. Here’s a detailed look at the main types of charts used in cryptocurrency trading: 1. Line Chart This is the simplest form of trading chart, showing just the closing prices over a specified time period. It’s beneficial for a quick overview of market trends. 2. Bar Chart (OHLC) This chart provides more data than the line chart, including the open, high, low, and close prices for each time period. Each bar represents one period (like a day or an hour), showing the highest and lowest prices, with ticks on the sides indicating the opening and closing prices. 3. Candlestick Chart Like the bar chart, candlesticks display the open, high, low, and close prices but are easier to read and more visually informative. Each candlestick has a body that shows the opening and closing prices and wicks that depict the high and low. The candle’s color indicates whether the closing price was higher or lower than the opening price. 4. Heikin-Ashi Chart A variation of the candlestick chart, the Heikin-Ashi chart uses a different formula for calculating each bar, providing a smoother look that helps spot trends more clearly and filter out noise. 5. Point and Figure Chart This chart type focuses solely on price movements, ignoring time. Prices are marked with Xs and Os, where Xs represent rising prices, and Os represents falling prices. This helps traders focus on significant price moves and filter out minor fluctuations. 6. Renko Chart Like point and figure charts, Renko charts focus on price movement and filter out minor price changes and time factors. A new “brick” is added to the chart only when the price moves by a predefined amount, which makes it easier to see the trend direction. 7. Volume Charts These charts incorporate volume data along with price data. Volume is often represented as bars below the price chart, indicating the amount of cryptocurrency traded during a given time period, which helps traders understand the strength of a price move. 8. Depth Chart This chart displays the buy and sell orders for a cryptocurrency at different price levels at a particular moment. It’s used to understand the supply and demand dynamics at different prices and is often utilized in cryptocurrency exchanges. Popular Chart and Candlestick Patterns for Crypto Trading Traders use a plethora of different patterns when reading charts, but the most widely used ones are: The Parts Of A Crypto Trading Chart Cryptocurrency exchanges typically show an always-updating price chart for any particular trading pair. The trading pair often consists of the user’s desired cryptocurrency paired with USD, but users can also pair with other currencies or cryptos. The chart above shows the key data points that serve as the basis for the numerous indicators a market participant can use for trading cryptocurrencies. A crypto trading chart usually contains seven key data points viz: Trading Pair This indicates the base currency (e.g., BTC) and the quote currency (e.g., USDT) used in a particular market. 24H Vol This shows how much of a certain crypto asset\cryptocurrency has been traded over the past 24 hours. This volume is expressed in the form of the quote currency. Current Price This shows the prevailing price for the base currency being bought or sold in exchange for the quoted currency. It also has indicators that show how much the price has increased compared to the past 24 hours. Depending on the activeness of the market, the figures can change rapidly. High\Low This indicates an asset’s highest and lowest prices over a 24-hour period. Unit of Time Users can select the time increments they want to reflect in a trading market. Increments range from as short as one minute to as long as one month. Price Chart This visualizes the rise and fall of the currency’s price over a period of time. A candle usually indicates the price movement for an individual unit of time in cryptocurrency markets. The assortment of candles in the chart would show the overall recent price trend for a crypto asset, and users can set the time frame from 24 hours to months and years. Trading Volume This is a smaller crypto trading