PANews reported on August 13th that H100 Group AB has completed a private placement, issuing 8,225,926 new shares at a price of SEK 7.94 per share, raising approximately SEK 65.3 million. Investors including DEXTRIX LLC, Gp13 Invest AS, and Natanya Brooks participated in the subscription. The offering was priced based on the volume-weighted average price of the company's shares on the Nordic SME market. The company stated that the proceeds will be used to advance its Bitcoin Vault strategy and related investment plans.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more