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
a16z Partner: The cryptocurrency industry is entering a mature phase, and the combination of AI and blockchain will drive agency business.
a16z crypto partner Guy Wuollet stated that the cryptocurrency industry is entering the "collared shirt" era, gradually maturing and moving towards the mainstream. Traditional financial institutions are offering Bitcoin through ETFs, and the combination of blockchain and AI will drive the development of agency commerce, with the first agency payments being realized online.
GateNews1h ago
The Definitive Stablecoin Landscape Series: North America
Stablecoins are undergoing an evolution into a foundational financial infrastructure. North America leads in development, focusing on regulated, compliant options. The market shows a shift with RLUSD gaining traction due to integration with Ripple, emphasizing real demand over exchange liquidity.
CoinDesk1h ago
ICE Commits $600M More to Polymarket as Institutional Interest in Prediction Markets Grows
ICE's increased investment in Polymarket signals strong institutional confidence in prediction markets, despite regulatory scrutiny. The $600 million funding adds to ICE's previous commitments, indicating a belief in the sector’s long-term potential amidst rising market activity and the need for oversight.
LiveBTCNews1h ago
Exchange "Launch Curse" Investigation: Why do 89% of new coins ultimately become retail investor harvesting machines?
After being listed on Binance, most tokens faced severe losses, with an average retracement of 71% to 80%. Being listed is no longer seen as an investment opportunity but rather as an insider sell-off event. The main reasons include internal liquidity events, overvaluation, weak capital flows, and market saturation; only projects with real products and communities can survive in the future.
区块客3h ago
Curve founder: Memecoins are the culprit that "destroys the image of cryptocurrency," while Bitcoin and DeFi are taking the blame.
Cryptocurrency is facing a reputational crisis, especially as the prevalence of meme coins has affected the public's trust in genuinely valuable projects. Curve Finance founder Michael Egorov criticized the meme coin craze for misleading the public and giving legitimate projects a negative reputation. At the same time, the "identity crisis" in the crypto space has prompted several opinion leaders to rethink how to rebuild trust.
動區BlockTempo4h ago
Does USDT have sufficient reserves? Tether reportedly hired KPMG for a comprehensive audit.
Tether hired KPMG to carry out a comprehensive audit of USDT, and worked with PwC to optimize its financial processes—an important step in improving financial transparency. This move comes as the company prepares to enter the U.S. market and for a new round of fundraising. Despite the many past questions about its reserves, Tether still plans to raise funds from the market and has shifted toward allocating more of its investments to short-term U.S. Treasuries.
区块客6h ago
