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BlockBeats News, July 1 — Thumzup Media Corporation (NASDAQ: TZUP), a company with a market capitalization of approximately $65.7 million, has seen its share price rise by over 100% in the past six months, according to InvestingPro data. On Monday, the company announced that it has entered into a definitive agreement with an institutional investor for a registered direct offering of $6.5 million. Under the terms of the agreement, the investor will subscribe for up to 1,083,333 shares of common stock at a price of $6.00 per share, including shares issuable upon conversion of Series C convertible preferred stock. The offering includes 179,500 non-voting Series C preferred shares and is subject to beneficial ownership limits of 4.99% and 9.99%. Thumzup stated that the funds raised will be used for general corporate purposes and to explore further opportunities to increase its cryptocurrency holdings. The exclusive placement agent for this offering is Dominari Securities LLC. The offering will be made pursuant to an effective shelf registration statement on Form S-3, declared effective by the U.S. Securities and Exchange Commission (SEC) on May 30, 2025. Thumzup positions itself as a “digital asset accumulator,” with a platform that connects advertisers and social media users, rewarding users with cash for posting content about participating advertisers.

BlockBeats News, July 1 — Over the past five days, the share price of Newland, a company listed on the main board of the Shenzhen Stock Exchange, has risen by 4.98%, with its market capitalization reaching 32.634 billion yuan. Previously, Newland announced that its controlling subsidiary, Hong Kong Xingyi Payment Limited, has completed the establishment of its wholly owned subsidiary, NovaPay US Inc., which has obtained an MSB license granted by the US FinCEN. NovaPay US Inc. has a registered capital of 1 US dollar, and its business scope includes currency trading or transfer, such as currency exchange and international remittance services. The company obtained the US MSB license to provide legal access qualifications for cross-border fund operations, covering scenarios such as currency exchange, remittance, and digital currency transactions, and to offer infrastructure for connecting with mainstream global financial institutions.