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Cardano News: ADA Shows Strong Fundamentals As Staking Hits Record Levels, Could $3 Be On The Horizon?

Recent news about Cardano has brought renewed hope to the market. The level of ADA stakes is at an all-time high, reflecting strong confidence in the network despite the fluctuating market conditions. Analysts believe that Cardano’s fundamentals continue to improve, even as investors explore new opportunities like Remittix, a PayFi project that has already raised over $27.6 million by selling 679 million tokens at $0.1166 each.

With its rapid growth and real-world payment utility, many view Remittix as the next big altcoin in 2025 alongside Cardano’s resurgence. The most recent emphasis, however, remains on Cardano’s staking ecosystem. Over 59% of ADA tokens are staked — a record that underscores investor confidence in Cardano’s long-term prospects.

Market analyst Dan Gambardello noted that ADA has formed a “W” double bottom structure, a pattern that often precedes major uptrends. He explained that Cardano must reclaim the $0.75 Bollinger baseline to confirm a breakout, which could push prices toward $3 in the next major rally.

Despite this optimistic outlook, derivatives data reveal a cautious mood, with Open Interest dropping to yearly lows as short bets rise. While short-term corrections may test the $0.60 level, Cardano’s solid fundamentals and strong staking engagement keep investors bullish. Many Cardano news outlets now predict that ADA could be one of the best DeFi projects in 2025, provided it maintains momentum and expands its real-world use cases.

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### Remittix: The PayFi Token Stealing the Spotlight

As ADA consolidates, Remittix continues to surge as one of the most promising PayFi projects in the crypto space. It combines decentralized finance with practical payments, allowing users to send crypto to bank accounts across more than 30 countries. Analysts say this kind of utility could make Remittix the next 100x crypto as investors rotate from traditional DeFi into projects addressing real-world problems.

Here’s why Remittix is catching investor attention:

– Allows users to send crypto directly to bank accounts quickly and securely.
– Beta wallet launched with multi-asset PayFi transfers.
– Offers a 15% USDT referral program, claimable daily through the dashboard.
– Ranked #1 on CertiK’s Pre-Launch leaderboard.
– Plans for global expansion with Bitmart and Lbank, alongside major centralized exchange (CEX) listings.

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### Why Remittix Could Be The Next Big Crypto Win

While Cardano news remains positive, Remittix stands out as a token with unmatched growth potential. Its mix of security, utility, and innovation positions it as a low gas fee cryptocurrency built for real adoption.

As investors seek the best crypto projects for 2025, Remittix’s rise suggests the next generation of payment tokens is already here. Early buyers could potentially hold the next big altcoin poised for 50x returns.

Discover the future of PayFi with Remittix by visiting their official project channels:

– Website: [Insert Website Link]
– Socials: [Insert Social Links]
– $250K Giveaway: [Insert Giveaway Details]

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*This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related activities. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned.*

*Always do your own research.*

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**About the Author**
Krasimir Rusev is a seasoned journalist at Coindoo with many years of experience covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise makes him a valuable source of information for investors, traders, and crypto enthusiasts alike.
https://coindoo.com/cardano-news-ada-shows-strong-fundamentals-as-staking-hits-record-levels-could-3-be-on-the-horizon/

10 Best Crypto Leverage Trading Platforms for Maximum Profits

**Best Crypto Leverage Trading Platforms in 2024: Optimize Your Profits**

Leverage trading in cryptocurrencies has become increasingly popular as traders seek to maximize their profits. High leverage, coupled with advanced trading tools and a secure environment, can make a significant difference for both novices and seasoned traders. In this article, we review the best crypto leverage trading platforms available today, highlighting their key features, supported assets, and what sets each apart in the realm of leveraged crypto trading.

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### Key Points

– High leverage options ranging from 50x to 200x
– Advanced and user-friendly trading tools
– Strong security and risk management features
– Suitable for both beginners and professional traders
– Diverse asset offerings including Bitcoin, Ethereum, altcoins, and derivatives

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## 10 Best Crypto Leverage Trading Platforms

### 1. CoinFutures

CoinFutures is notable among newer leverage trading platforms for its simplicity and efficiency. It offers up to 100x leverage on Bitcoin, Ethereum, and other popular altcoins. Designed for both novices and experts, CoinFutures features a user-friendly trading interface, rapid trade execution, and reduced transaction costs.

Specializing in futures and perpetual contracts, the platform incorporates solid risk management strategies. Their competitive pricing, cost transparency, advanced charting tools, and responsive customer support make CoinFutures a seamless choice for leverage traders of all types.

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### 2. BTCC

Founded in 2011, BTCC is one of the oldest and most trusted bitcoin exchanges globally. It offers high leverage of up to 150x on Bitcoin and other major crypto futures, making it attractive for high-exposure traders.

BTCC’s futures trading platform is straightforward, catering to users of all experience levels. It is a licensed and regulated platform, ensuring compliance and user safety. Additionally, BTCC provides fast withdrawals, strong performance, and an advanced mobile app for a seamless leveraged trading experience.

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### 3. Binance

Binance is the world’s largest cryptocurrency exchange, offering up to 125x leverage on its futures markets with hundreds of trading pairs, including Bitcoin, Ethereum, and various altcoins.

Known for low trading fees and deep liquidity, Binance Futures provides advanced features such as cross-margin, isolated margin, and copy trading. The platform also offers robust risk management tools, real-time analytics, and easy integration with the larger Binance ecosystem. Its intuitive interface, mobile accessibility, and regular security audits maintain Binance’s position as a top choice for performance and trust.

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### 4. MEXC

MEXC is a popular hub for leveraged crypto trading, offering leverage up to 200x and zero maker fees on futures trading with competitive commissions. It supports a broad range of altcoins and derivatives, appealing greatly to altcoin and futures traders.

The platform’s sleek and user-friendly interface benefits beginners and professionals alike, while strong market liquidity ensures effective trade execution during volatile periods. MEXC also features staking, copy trading, bonuses on futures, and 24/7 customer support, creating a powerful and rewarding leveraged trading experience.

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### 5. Bybit

Bybit is a prominent derivatives exchange known for crypto futures and perpetual contracts trading with up to 100x leverage. The platform uses sophisticated risk control, order execution, and position securing tools.

Bybit boasts a stable and easy-to-use interface coupled with high market liquidity. It offers a practice testnet, extensive educational resources, and copy trading features. Additionally, an insurance fund helps protect traders during extreme volatility. Bybit’s mobile app enables trading on the go, making it one of the most transparent, innovative, and supportive platforms available.

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### 6. Margex

Margex offers a secure, user-friendly crypto leverage trading system with leverage up to 100x on BTC, ETH, and other popular coins. The platform is distinguished by its AI-driven system designed to protect users and prevent unfair liquidations caused by price manipulation.

Margex prioritizes transparency, simplicity, and privacy — users can deposit, trade, and avoid KYC for anonymous trading. BTC is the primary collateral, and traders benefit from powerful charting tools and a straightforward interface. Margex is well-regarded for its fairness, reliability, and advanced risk management.

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### 7. PrimeXBT

PrimeXBT is a multi-asset trading platform offering up to 200x leverage on crypto, Forex, commodities, and indices. It’s perfect for traders who want to diversify their portfolios while maintaining crypto exposure.

Users can earn passive income through the Covesting module by copying professional traders. PrimeXBT provides competitive pricing, strong liquidity, and institutional-grade infrastructure. It caters to both retail and professional traders with features like instant order execution and customizable charts, focusing on performance, security, and flexibility.

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### 8. Kraken

Kraken is a U.S.-based regulated exchange, known for safekeeping user assets while offering futures trading with up to 50x margin on Bitcoin and up to 70x on Ethereum and major altcoins.

The platform is applauded for its reliable performance, competitive fees, and deep liquidity. Its clear interface, advanced charting options, and effective risk control make it popular among both retail and institutional traders. Kraken offers balanced protection alongside global market access.

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### 9. Bitget

Bitget is a reputable crypto derivatives exchange, offering 125x leverage on futures contracts with plans to increase this. Its revolutionary copy trading feature enhances opportunities for amateur traders.

Known for high liquidity, low fees, and a broad selection of margin trading pairs, Bitget balances safety and effectiveness. The platform provides educational resources and is licensed with proof of reserves, ensuring transparency and trustworthiness. Bitget fosters a safe and community-driven margin trading environment.

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### 10. KuCoin

KuCoin is a widely-used global cryptocurrency exchange that offers up to 100x leverage on futures during various crypto events throughout the year.

It supports a broad portfolio focused on newly launched altcoins, catering to risk-seeking traders. KuCoin offers relatively low trading fees, an extensive suite of charting tools, multiple semi-automated and fully automated trading bots, as well as copy trading and cross-margin functionalities. Its well-designed smartphone app and intuitive tools make executing complex strategies on the move seamless.

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## Conclusion

Top crypto leverage trading platforms like Binance, Bybit, MEXC, BTCC, CoinFutures, Margex, PrimeXBT, Kraken, Bitget, and KuCoin offer diverse features tailored to different trader needs. These platforms provide high leverage, advanced trading tools, strong security, and global accessibility.

Each platform varies in trading experience, assets supported, and risk management, enabling traders to select the one that best fits their safety requirements and efficiency goals.

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## FAQ

**Q1: What is leverage in crypto trading?**
Leverage allows traders to open larger positions than their actual capital by borrowing funds, potentially increasing both profits and risks.

**Q2: Which platform offers the highest leverage?**
MEXC and PrimeXBT offer leverage up to 200x, among the highest in the market.

**Q3: Are these platforms safe to use?**
Most platforms mentioned are either regulated or have strong security measures, but always practice caution and use proper risk management.

**Q4: Can beginners use these platforms?**
Yes, many of these exchanges offer demo accounts, educational resources, and user-friendly interfaces for beginners.

**Q5: What cryptocurrencies can be traded with leverage?**
Commonly traded cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and various altcoins depending on the platform.

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Feel free to explore these platforms to find the best fit for your leveraged crypto trading journey!
https://coinworldstory.com/best-crypto-leverage-trading-platforms/

Big money backs Bitcoin through 2026 – but the market is split today

**Are Institutions Still Bullish on Bitcoin’s Future?**

A recent Coinbase survey titled *“Navigating Uncertainty”* reveals that institutional optimism toward Bitcoin (BTC) remains strong, with nearly 67% of respondents expecting BTC prices to rise through 2026. However, amid this bullish outlook, uncertainty persists regarding the current phase of Bitcoin’s market cycle.

### Institutional Conviction Grows Amid Debate

While most large investors anticipate a price climb by 2026, there’s no clear consensus on whether Bitcoin is still in an early expansion phase or approaching its next peak. Around 45% of institutions believe we are in the later stages of a bull run, whereas others feel there is still ample room for growth.

David Duong from Coinbase highlights that market liquidity remains robust, maintaining a positive outlook despite recent volatility prompting increased investor caution.

### Whales and Long-Term Holders Lead Accumulation

On-chain data reinforces institutional confidence. Bitcoin exchange outflows remained strong throughout October, signaling continued accumulation even as market sentiment turned cautious. Santiment data shows that large holders — those with 10,000 to 100,000 BTC — increased their balances in Q3, further supporting the view that liquidity is solid and long-term conviction is strong.

Major players such as Tom Lee’s BitMine and Michael Saylor’s Strategy have notably bought the dip, investing in Ethereum (ETH) and Bitcoin (BTC), respectively. This activity suggests big investors are positioning themselves for the next growth phase.

### Conviction Over Speculation

The report also notes that Bitcoin’s illiquid supply decreased by only 2% in Q3 despite price highs, indicating that most long-term holders (LTHs) are holding rather than selling. Glassnode data corroborates this trend, showing an increasing number of coins remaining untouched for over a year.

This steady accumulation indicates that Bitcoin is driven more by long-term confidence than by hype or speculation—aligning with Coinbase’s positive outlook through 2026.

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**About the Author**

Samyukhtha L KM is a Financial Journalist and Market Analyst at AMBCrypto, dedicated to discerning whether blockchain trends are fleeting hype or history in the making. Holding a Master’s degree in Journalism and Mass Communication from Amity University and a Bachelor’s in Commerce from the University of Madras, she combines financial expertise with journalistic rigor.

Her work emphasizes high-velocity, community-driven assets such as memecoins, where she assesses both sentiment and fundamentals. Samyukhtha is committed to providing readers with insightful, well-researched commentary that goes beyond immediate market movements to explore the long-term implications of decentralized technologies.

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*Read the best crypto stories of the day in less than 5 minutes.*

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https://ambcrypto.com/big-money-backs-bitcoin-through-2026-but-the-market-is-split-today

Wipeouts Threaten Korea Retail Army Chasing Riskiest Investments

When Tony Kim likes a stock, he goes all in. Literally.

The 34-year-old manager at a Seoul-based textile company never holds more than one stock in his 140 million won ($98,500) portfolio.
https://www.bloomberg.com/news/features/2025-10-20/korea-s-great-yield-chase-ratchets-up-risk-of-a-leveraged-bubble

Multiply Group kondigt plannen aan om 2PointZero en Ghitha Holding over te nemen via aandelenruil

ABU DHABI, Verenigde Arabische Emiraten – Multiply Group (ADX: MULTIPLY), de in Abu Dhabi gevestigde investeringsmaatschappij die wereldwijd investeert in en actief is in verschillende bedrijven, heeft vandaag bekendgemaakt dat haar raad van bestuur een voorstel heeft goedgekeurd om 2PointZero en Ghitha Holding over te nemen via een aandelenruiltransactie.

Volgens de voorgestelde voorwaarden zou Multiply Group aandelen aanbieden om 2PointZero en Ghitha Holding over te nemen, gev…

http://www.businesswire.com/news/home/20251015148664/nl/?feedref=JjAwJuNHiystnCoBq_hl-Rc4vIAVcHHkbDcwJimU8QtrtlakeQ9hNboBqTAWIjTge3KWq9s9jif-UkBjBsFRyYAbRTSLTc1mgvhPlnaBA55M-oupQnbXnhKsYk8RmHF_kAy2gZikaX3QWV6xOvgFlA==

Analysts Expect KIE To Hit $64

At ETF Channel, we analyzed the underlying holdings of the ETFs in our coverage universe by comparing the trading price of each holding against the average analyst 12-month forward target price. From this, we computed the weighted average implied analyst target price for the ETF itself.

For the SPDR S&P Insurance ETF (Symbol: KIE), we found that the implied analyst target price based on its underlying holdings is $63.98 per unit. With KIE trading recently near $58.32 per unit, this suggests that analysts see approximately 9.70% upside for this ETF when looking through to the average analyst targets of its underlying holdings.

Among KIE’s underlying holdings, three stocks stand out with notable upside potential relative to their analyst target prices: The Baldwin Insurance Group Inc (Symbol: BWIN), Globe Life Inc (Symbol: GL), and Allstate Corp (Symbol: ALL).

BWIN has recently traded at around $26.31 per share, while the average analyst target price is significantly higher at $38.00, representing an upside of 44.43%.
GL is trading near $138.10, with analysts setting a target price of $164.85, indicating a potential upside of 19.37%.
ALL has a recent price of $200.42, with an average target price of $233.05, suggesting an upside of 16.28%.

Combined, BWIN, GL, and ALL represent approximately 5.45% of the total SPDR S&P Insurance ETF holdings.

Below is a summary table of the recent prices and average analyst 12-month target prices for these securities:

Name	Symbol	Recent Price	Avg. Analyst 12-Mo. Target	% Upside to Target
SPDR S&P Insurance ETF	KIE	$58.32	$63.98	9.70%
The Baldwin Insurance Group Inc	BWIN	$26.31	$38.00	44.43%
Globe Life Inc	GL	$138.10	$164.85	19.37%
Allstate Corp	ALL	$200.42	$233.05	16.28%

While these upside figures highlight potential growth according to analyst targets, it is important for investors to consider whether these targets are justified. Are analysts being overly optimistic about where these stocks will trade 12 months from now? Alternatively, could the targets be outdated, not reflecting recent company or industry developments?

A high price target relative to a stock’s current trading price can signal optimism regarding future performance. However, it can also be a precursor to target price downgrades if the targets have not been updated to reflect the latest market conditions.

These questions merit further research by investors before making decisions. Evaluating a company’s fundamentals, industry trends, and recent developments can provide clearer insight into whether analyst targets are reasonable or overly bullish.

10 ETFs With Most Upside To Analyst Targets »

Also see:

The views and opinions expressed herein are those of the author and do not necessarily reflect the views or opinions of Nasdaq, Inc.

https://www.nasdaq.com/articles/analysts-expect-kie-hit-64

Chainlink’s Partnerships and Solana’s Rally Set Stage for BullZilla — The Top Crypto Presale in 2025

**Chainlink’s Partnerships and Solana’s Rally Set Stage for BullZilla: The Top Crypto Presale in 2025**

Solana (SOL) and Chainlink (LINK) are making significant moves in the crypto space. Solana, with its recent 1.42% gain, is leading the market recovery after a sharp correction, boosted by its new partnership with South Korea’s Wavebridge to launch a KRW stablecoin. This collaboration is expected to drive greater institutional adoption, strengthening Solana’s position in the market.

Meanwhile, BullZilla’s presale has quickly become one of the top crypto presales in 2025, capturing the attention of investors looking for high-reward opportunities.

Chainlink is also in the spotlight, teaming up with S&P Global to bring stablecoin stability assessments on-chain. This partnership enhances transparency and decision-making in the decentralized finance (DeFi) market, further solidifying Chainlink’s influence in the space.

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### BullZilla: The Meme Coin Making Waves in the Crypto Market

BullZilla is a standout project in the world of meme coins, offering an exciting and rewarding opportunity for investors seeking long-term returns. As one of the top crypto presales of 2025, it has been gaining significant traction due to its innovative presale strategy and the recent surge in interest.

With over $910k raised and more than 3,000 token holders, investors are already backing this promising cryptocurrency.

What sets BullZilla (ZIL) apart is its well-structured presale and tokenomics. The presale is currently entering Stage 6, an exciting phase in its development, and is priced at $0.00015907.

For anyone looking to secure early access, the BullZilla presale remains a unique and high-return investment option.

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### Investment Scenario: Why Now Is the Time to Invest in BullZilla

Imagine investing $3,000 into BullZilla (ZIL) at its presale price of $0.00015907. With the presale going strong, this could be a lucrative move.

BullZilla’s **HODL Furnace** staking mechanism guarantees a return of 70% APY, adding even more value to this early investment. As more buyers come on board, the price of ZIL is expected to rise significantly once the tokens hit exchanges.

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### How to Buy BullZilla Coins

To buy BullZilla (ZIL), follow these steps:

1. Set up a Web3 wallet such as MetaMask or Trust Wallet.
2. Purchase Ethereum (ETH) from exchanges like Binance or Coinbase.
3. Transfer ETH to your wallet.
4. Visit the official BullZilla presale portal and connect your wallet.
5. Choose the amount of ZIL you want to buy.
6. Confirm the transaction.

Your tokens will be secured immediately, with access granted once the presale concludes.

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### Solana: A Market Leader in Recovery

Solana (SOL) has made a strong comeback following a sharp correction, gaining 1.42% in the last 24 hours and now trading at $195. This rebound positions SOL as one of the top performers in the crypto market, leading the recovery.

A bullish breakout from the $172 support zone signals that Solana is on its way back to higher price levels. The price surge comes amid major institutional developments, such as the new partnership with South Korea’s Wavebridge, which plans to launch a Korean won (KRW) stablecoin.

Whale wallets are accumulating millions of SOL tokens, signaling strong confidence in Solana’s long-term adoption. Analysts are optimistic about resistance levels at $208 and $225, which could bring substantial growth in the coming weeks.

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### Chainlink: Expanding Influence in DeFi Markets

Chainlink (LINK) has partnered with S&P Global to introduce Stablecoin Stability Assessments (SSA) on-chain. This collaboration allows DeFi markets to access real-time risk assessments of stablecoins, offering transparency and decision-making power to financial institutions and investors.

The assessments evaluate how stablecoins maintain their peg to underlying assets and have debuted on the Ethereum layer-2 network, Base, with plans to expand to other blockchains.

Despite the promising partnership, LINK has experienced a 5% drop in value, continuing a downward trend after the announcement. However, with S&P Global’s trusted credit ratings now integrated into Chainlink’s oracle infrastructure, this move is poised to strengthen the stablecoin market, which recently surpassed $301 billion in value.

The partnership aligns with the passing of the GENIUS Act, the first federal regulatory framework for stablecoins, positioning Chainlink for future success.

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### Conclusion: Top Crypto Presale in 2025

Solana (SOL) and Chainlink (LINK) continue to make waves in the crypto market—Solana with its recovery leading the charge after a sharp correction, and Chainlink solidifying its role in DeFi through strategic partnerships.

Among all this excitement, BullZilla’s presale stands out as one of the top crypto presales in 2025, capturing the attention of investors eager for high returns in the meme coin space.

Now entering Stage 6 of its presale, BullZilla remains an exciting investment opportunity for early adopters. With over $910k raised and more than 3,000 token holders, its well-structured tokenomics and innovative features like the HODL Furnace are poised to drive future growth.

Investing in the BullZilla presale today could position you to benefit from the next big success story in the crypto world.

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### For More Information

– [BZIL Official Website](#)
– Join the [BZIL Telegram Channel](#)

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### Frequently Asked Questions for BullZilla Presale

**What is BullZilla?**
BullZilla is a meme coin currently in its presale stage, offering early investors the chance to acquire tokens at a low price with potential for high returns.

**How can I buy BullZilla coins?**
You can buy BullZilla coins by setting up a wallet, purchasing Ethereum, and swapping it for ZIL on the official presale site.

**What are the benefits of the HODL Furnace?**
The HODL Furnace allows you to stake and lock your ZIL tokens to earn 70% APY, incentivizing long-term holding.

**Is the BullZilla presale still ongoing?**
Yes, the BullZilla presale is currently in Stage 6, with over $910k raised and 3,000+ token holders.

**What makes BullZilla a good investment?**
BullZilla stands out due to its strong presale progress, innovative tokenomics, and features like the Roar Burn Mechanism, which promotes long-term growth.

**What is the current price of BullZilla?**
The current price in the presale is $0.00015907, making it an affordable entry point for investors.

**How does the Roar Burn Mechanism work?**
The Roar Burn Mechanism reduces the overall supply of ZIL tokens, potentially driving up the token’s value over time.

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*The post [Chainlink’s Partnerships and Solana’s Rally Set Stage for BullZilla: The Top Crypto Presale in 2025] appeared first on Blockonomi.*
https://bitcoinethereumnews.com/crypto/chainlinks-partnerships-and-solanas-rally-set-stage-for-bullzilla-the-top-crypto-presale-in-2025/?utm_source=rss&utm_medium=rss&utm_campaign=chainlinks-partnerships-and-solanas-rally-set-stage-for-bullzilla-the-top-crypto-presale-in-2025

How Wise Capital Is Expanding Efforts

Wise Capital, owned by Chris Wise, is a property technology company that owns and operates Class C multifamily properties.

Chris Wise’s diverse background includes serving in Naval Special Warfare as a Special Warfare Combatant-craft Crewman (SWCC), building and scaling a multi-state law firm, and developing an AI-driven sales platform. Now, he is leading innovation in property technology by leveraging custom-built machine learning tools, IoT technology, and predictive maintenance models.

As a multi-hyphenate talent, Chris shares his mission: “My mission is to bring innovation and dignity to a space most investors overlook.” Throughout his career, he has consistently built ventures from the ground up. After serving in Naval Special Warfare, he entered the legal field, became a Chief Compliance Officer (CCO) by age 28, and started his own law firm, scaling it across four states.

That same entrepreneurial and innovative mindset led Chris to real estate, where he recognized an opportunity to combine operations, technology, and social impact. His goal is to attract investors who align with his vision to transform Class C housing and help scale Wise Capital into a $1 billion firm.

Driven by a service-first mindset and intentionality, Chris focuses on creating real change in an industry that desperately needs it. While much of real estate targets luxury properties, Chris concentrates on the properties and people often overlooked by the market.

Chris personally develops the technology behind Wise Capital, including conversational AI for leasing and property management and IoT-enabled door locks. He believes innovation should not be limited to Class A buildings but accessible across the board.

Having walked across multiple industries, Chris applies his relentless approach to every project he undertakes. He collaborates with wealth management companies and accredited investors who are passionate about transforming communities alongside Wise Capital.

He concludes, “If you are an advisor or accredited investor with experience in the alternative investment space, then we would like to meet with you.”

*Sponsored content disclaimer:*
The information and advice displayed in this story are those of individual sponsors and guests and not Nexstar Media Group, Inc.
https://fox5sandiego.com/fox-5-partners/innovators-journey/how-wise-capital-is-expanding-efforts/

Canara Robeco AMC’s Rs 1,326 cr IPO to open on Oct 9

Canara Robeco Asset Management Company has set a price band of Rs 253-266 per share for its upcoming Initial Public Offering (IPO), valuing the company at approximately Rs 5,300 crore at the upper end. The Rs 1,326 crore IPO is scheduled to open for subscription on October 9 and will close on October 13. Additionally, anchor investors will be able to participate in a one-day bidding session on October 8, as per the company’s public announcement.

This IPO is a pure Offer For Sale (OFS) of 4.98 crore equity shares, with no fresh issue component. Under the OFS, the promoters—Canara Bank and ORIX Corporation Europe NV (formerly Robeco Groep NV)—will be selling 2.59 crore and 2.39 crore shares respectively. Canara Bank currently holds a 51% stake in Canara Robeco, while ORIX Corporation owns the remaining shares.

Since the IPO is entirely an OFS, Canara Robeco will not receive any proceeds from the public issue. Instead, the funds raised will go directly to the selling shareholders.

**About Canara Robeco**

Canara Robeco’s core activities include managing mutual funds and providing investment advice focused on Indian equities. It holds the distinction of being the country’s second-oldest asset management company. The state-run lender Canara Bank initially floated the company in 1993, later partnering with Robeco (now part of ORIX) in 2007.

The company operates in a competitive market alongside established players such as HDFC Asset Management Company, Nippon Life India Asset Management, and UTI Asset Management Company.

**Issue Allocation and Management**

The IPO has been allocated as follows:
– 50% reserved for Qualified Institutional Buyers (QIBs)
– 35% for retail investors
– 15% for non-institutional investors

SBI Capital Markets, Axis Capital, and JM Financial will act as the book running lead managers for this issue.

Shares of Canara Robeco are expected to be listed on stock exchanges on October 16.

**Additional Context**

In December 2024, Canara Bank received approval from the Reserve Bank of India to divest its stake in life insurance and mutual fund ventures. Following this, the IPO of Canara HSBC Life Insurance Company—a complete OFS comprising 23.75 crore equity shares—is set to open for public subscription from October 10 to October 14.
https://www.freepressjournal.in/corporate-gallery/canara-robeco-amcs-rs-1326-cr-ipo-to-open-on-oct-9

Canara Robeco AMC’s Rs 1,326 cr IPO to open on Oct 9

Canara Robeco Asset Management Company has fixed a price band of Rs 253-266 per share for its upcoming Initial Public Offering (IPO), valuing the company at approximately Rs 5,300 crore at the upper end. The IPO, amounting to Rs 1,326 crore, is scheduled to open for subscription on October 9 and close on October 13.

Ahead of the public subscription, the one-day bidding for anchor investors will take place on October 8, as per the company’s public announcement.

This IPO is a complete Offer For Sale (OFS) of 4.98 crore equity shares, with no fresh issue component. Under the OFS, the promoters—Canara Bank and ORIX Corporation Europe NV (formerly Robeco Groep NV)—will sell 2.59 crore shares and 2.39 crore shares, respectively. Canara Bank currently holds a 51% stake in Canara Robeco, while ORIX Corporation owns the remaining stake in the asset management company.

Since the IPO is entirely an OFS, Canara Robeco will not receive any funds from the public issue. Instead, the proceeds from the sale will go directly to the selling shareholders.

Canara Robeco primarily engages in managing mutual funds and providing investment advice on Indian equities. It is recognized as the country’s second oldest asset manager. The state-run lender, Canara Bank, originally founded the company in 1993 and later partnered with Robeco—now part of ORIX—in 2007.

Operating in a highly competitive space, Canara Robeco faces competition from established listed players such as HDFC Asset Management Company, Nippon Life India Asset Management, and UTI Asset Management Company.

The IPO allocation is divided as follows: 50% reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors. SBI Capital Markets, Axis Capital, and JM Financial are appointed as the book running lead managers for this issue.

Shares of Canara Robeco are expected to list on stock exchanges on October 16.

In a related development, Canara Bank announced in December 2024 that it had received approval from the Reserve Bank of India to divest its stakes in life insurance and mutual fund ventures. The IPO of Canara HSBC Life Insurance Company, a complete OFS involving 23.75 crore equity shares, is scheduled to open for public subscription from October 10 to October 14.
https://www.freepressjournal.in/corporate-gallery/canara-robeco-amcs-rs-1326-cr-ipo-to-open-on-oct-9