PANews reported on October 2nd that in response to previous market rumors regarding XPL, Plasma co-founder Paul clarified on the X platform that the XPL held by the team and investors has been locked up for three years, with no members selling. He also stated that only three of the team's approximately 50 members previously worked at Blur or Blast, with the others hailing from companies like Google, Facebook, Square, Temasek, and Goldman Sachs. He stated that simply labeling them as the "former Blast team" is inaccurate. Furthermore, Plasma has not partnered with Wintermute on market making, nor has it signed any service contracts, and that Plasma's knowledge of its XPL holdings is consistent with the public's.PANews reported on October 2nd that in response to previous market rumors regarding XPL, Plasma co-founder Paul clarified on the X platform that the XPL held by the team and investors has been locked up for three years, with no members selling. He also stated that only three of the team's approximately 50 members previously worked at Blur or Blast, with the others hailing from companies like Google, Facebook, Square, Temasek, and Goldman Sachs. He stated that simply labeling them as the "former Blast team" is inaccurate. Furthermore, Plasma has not partnered with Wintermute on market making, nor has it signed any service contracts, and that Plasma's knowledge of its XPL holdings is consistent with the public's.
Plasma Alliance clarifies XPL rumors: no partnership with Wintermute, no members selling XPL yet
PANews reported on October 2nd that in response to previous market rumors regarding XPL, Plasma co-founder Paul clarified on the X platform that the XPL held by the team and investors has been locked up for three years, with no members selling. He also stated that only three of the team's approximately 50 members previously worked at Blur or Blast, with the others hailing from companies like Google, Facebook, Square, Temasek, and Goldman Sachs. He stated that simply labeling them as the "former Blast team" is inaccurate. Furthermore, Plasma has not partnered with Wintermute on market making, nor has it signed any service contracts, and that Plasma's knowledge of its XPL holdings is consistent with the public's.
Market Opportunity
Plasma Price(XPL)
$0.09468
$0.09468$0.09468
USD
Plasma (XPL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The Chairman of the U.S. Securities and Exchange Commission (SEC) shared progress in crypto regulation: how can innovative exemptions and tokenized securities frameworks provide a clear regulatory pat
Author: Paul S. Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC) Compiled by Wu Shuo Blockchain Aki This article is a transcript of a conversation
Share
PANews2026/02/20 23:30
Why Investors Choose Pepeto As 2025’s Best Crypto: The Next Bitcoin Story
Desks still pass that story around because it’s proof that one coin can change everything. And the question that always […] The post Why Investors Choose Pepeto As 2025’s Best Crypto: The Next Bitcoin Story appeared first on Coindoo.
Share
Coindoo2025/09/18 04:39
Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin!
The post Another Nasdaq-Listed Company Announces Massive Bitcoin (BTC) Purchase! Becomes 14th Largest Company! – They’ll Also Invest in Trump-Linked Altcoin! appeared on BitcoinEthereumNews.com. While the number of Bitcoin (BTC) treasury companies continues to increase day by day, another Nasdaq-listed company has announced its purchase of BTC. Accordingly, live broadcast and e-commerce company GD Culture Group announced a $787.5 million Bitcoin purchase agreement. According to the official statement, GD Culture Group announced that they have entered into an equity agreement to acquire assets worth $875 million, including 7,500 Bitcoins, from Pallas Capital Holding, a company registered in the British Virgin Islands. GD Culture will issue approximately 39.2 million shares of common stock in exchange for all of Pallas Capital’s assets, including $875.4 million worth of Bitcoin. GD Culture CEO Xiaojian Wang said the acquisition deal will directly support the company’s plan to build a strong and diversified crypto asset reserve while capitalizing on the growing institutional acceptance of Bitcoin as a reserve asset and store of value. With this acquisition, GD Culture is expected to become the 14th largest publicly traded Bitcoin holding company. The number of companies adopting Bitcoin treasury strategies has increased significantly, exceeding 190 by 2025. Immediately after the deal was announced, GD Culture shares fell 28.16% to $6.99, their biggest drop in a year. As you may also recall, GD Culture announced in May that it would create a cryptocurrency reserve. At this point, the company announced that they plan to invest in Bitcoin and President Donald Trump’s official meme coin, TRUMP token, through the issuance of up to $300 million in stock. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/another-nasdaq-listed-company-announces-massive-bitcoin-btc-purchase-becomes-14th-largest-company-theyll-also-invest-in-trump-linked-altcoin/
Share
BitcoinEthereumNews2025/09/18 04:06