debenture fund

Prophecy DeFi Announces Closing of Brokered Private Placement of Convertible Debenture Units

Prophecy DeFi Inc. (CSE: PDFI) ("Prophecy DeFi" or the "Company") is pleased to announce that it has closed its previously announced brokered private placement of an aggregate of 5,680 convertible debenture units of the Company (the "Debenture Units") at an issue price of $1,000 per Debenture Unit for aggregate gross proceeds of $5,680,000 (the "Offering").

Each Debenture Unit is comprised of $1,000 principal amount of 10.0% unsecured convertible debentures of the Company (the "Convertible Debentures") and 1,667 common share purchase warrants of the Company (the "Warrants"). Each Convertible Debenture matures 36 months following the closing of the Offering (the "Maturity Date") and bears interest at a rate of 10.0% per annum from the date of issue, payable quarterly in cash. The Convertible Debentures are convertible into common shares of the Company ("Common Shares") at the option of the holder at any time prior to the Maturity Date, or on the business day immediately preceding a date fixed for redemption of the Convertible Debentures, at a conversion price equal to $0.60 per Common Share (the "Conversion Price"). Upon conversion, the holder will receive accrued and unpaid interest on the principal amount of the Convertible Debentures that is the subject of the conversion for the period from and including the date of the latest interest payment date to, but excluding, the date of conversion. The Conversion Price is subject to adjustment upon the occurrence of certain customary events. The Company has the right to force conversion of the Convertible Debentures at the Conversion Price if the daily volume weighted average trading price of the Common Shares on the Canadian Securities Exchange (the "CSE") is greater than $1.20 for 10 consecutive trading days. Upon a change of control of the Company, holders of Convertible Debentures have the right to require the Company to repurchase their Convertible Debentures, in whole or in part, on the date that is 30 days following notice of the change of control at a price equal to 105% of the principal amount of the Convertible Debentures then outstanding plus accrued and unpaid interest thereon.

Each Warrant is exercisable into one Common Share at a price of $0.90 per Common Share for a period of 36 months from the closing of the Offering, subject to the right of the Company to accelerate the expiry date of the Warrants if, at any time following the date that is four months and one day following the closing of the Offering, the daily volume weighted average trading price of the Common Shares on the CSE is greater than $1.80 for 10 consecutive trading days.

As consideration for the services provided by Canaccord Genuity Corp. (the "Lead Agent") on behalf of a syndicate of agents including INFOR Financial Inc. (collectively, the "Agents"), in connection with the Offering, the Agents received a commission of $284,000 and issued 473,333 warrants of the Company, each of which is exercisable to acquire one unit of the Company (an "Agent's Unit") at any time prior to the date that is 36 months following the closing of the Offering at an exercise price equal to the Conversion Price. Each Agents' Unit will be comprised of one Common Share and one Warrant. The Company also paid the Lead Agent a corporate finance fee of 142 Debenture Units.

The net proceeds of the Offering will be used by the Company for Layer2 Blockchain's liquidity mining operations and for general working capital purposes. The Debenture Units, including the Convertible Debentures, the Warrants and the Common Shares issuable upon conversion or exercise thereof, will be subject to a four-month hold period from the date of the closing of the Offering.

The CSE has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.

About Prophecy DeFi

Prophecy DeFi (CSE: PDFI) officially launched on June 23, 2021. The Company aims to bring together technology start-ups in the Blockchain and DeFi sectors to fund innovation, elevate industry research, and create new business opportunities in a coherent ecosystem.

www.prophecydefi.com

For further information, please contact:

John McMahon, CEO
Tel: (416) 764-0314
Email: jmcmahon@prophecydefi.com

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties. This forward-looking information includes, among others, statements regarding the expected use of proceeds of the Offering. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. No assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur or, if any of them do so, what benefits the Company will derive therefrom. The forward-looking information is made as of the date of this news release and the Company undertakes no obligation to update forward-looking information except as otherwise may be required by applicable securities law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108419

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Prophecy DeFi Announces New Appointment to Board of Directors

Prophecy DeFi Announces New Appointment to Board of Directors

Prophecy DeFi Inc. (CSE: PDFI) ("Prophecy DeFi" or the "Company") is pleased to announce that it has appointed Mr. Andy Dayes to the Company's Board of Directors, effective immediately.

Mr. Dayes has 30 years' experience in the financial services industry as an entrepreneur, a company principal, and a senior executive working with large financial institutions such as Wells Fargo and entrepreneurial firms such as Next Edge Capital and Efficient Capital in the institutional capital-raising space.

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"On behalf of the Company, I would like to thank Stuart for his contributions to the Board. We wish him all the best in his future endeavours," said John McMahon, CEO, Prophecy DeFi.

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Prophecy DeFi Appoints New President and Head of Operations

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Paul will lead the next chapter of Prophecy's operations and growth. In this position, Paul will complement Prophecy's existing leadership team of experienced traditional finance and crypto operators and look to expand revenue streams by providing essential financial services for DeFi projects and investors alike.

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Prophecy DeFi Announces Q1 2022 Financial Results

Prophecy DeFi Announces Q1 2022 Financial Results

Not for Distribution to United States Newswire Services or   for Dissemination in the United States

Prophecy DeFi Inc. (" Prophecy DeFi " or the " Company ") (CSE: PDFI), a publicly traded investment firm focused on the decentralized finance sector, is pleased to announce its financial results for the three months ended March 31, 2022 ("Q1").

News Provided by Canada Newswire via QuoteMedia

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PROPHECY DEFI'S INVESTMENT COMPANY LAYER2 BLOCKCHAIN CONTINUES TO IDENTIFY AND DEPLOY CAPITAL INTO HIGH YIELD DEFI OPPORTUNITIES

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
  FOR DISSEMINATION IN THE UNITED STATES /

Prophecy DeFi Inc. (" Prophecy DeFi ", " Prophecy " or the " Company ") (CSE: PDFI) is pleased to provide investors with an operational update on its wholly owned subsidiary, Layer2 Blockchain Inc. (" Layer2 Blockchain ", " Layer2 ", or the " Company ").

News Provided by Canada Newswire via QuoteMedia

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Crypto Market Recap: Bitcoin in Bear Market, SEC-Ripple Pause Granted

Here's a quick recap of the crypto landscape for Wednesday (April 16) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoin performance along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) was priced at US$84,336.30 and is up 0.4 percent in 24 hours. The day's range has seen a low of US$83,592.79 and a high of US$85,311.80.23.

Bitcoin performance, April 16, 2025.

Bitcoin performance, April 16, 2025.

Chart via TradingView.

Trade tension escalation between China and the US continues to drag on the crypto market.


Ethereum (ETH) is priced at US$1,588.68, a 1.1 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,551.41 and a high of US$1,605.30.

Altcoin price update

  • Solana (SOL) is currently valued at US$132.69, up 3.7 percent over the past 24 hours. SOL experienced a low of US$124.95 and peaked as the stock markets closed on Wednesday.
  • XRP is trading at US$2.11, reflecting a 0.6 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.07 and reached its highest point as markets closed for the day.
  • Sui (SUI) is priced at US$2.11, showing a decreaseof 0.7 percent over the past 24 hours. It achieved a daily low of US$2.04 and a high of US$2.13
  • Cardano (ADA) is trading at US$0.6130, down 0.9 percent over the past 24 hours. Its lowest price on Wednesday was US$0.6007, with a high of US$0.6152.

Today's crypto news to know

Analysts confirm crypto bear market

Recent market analysis suggests the cryptocurrency market has been experiencing a bear market cycle. Bitcoin's price has been below its 200-day simple moving average (SMA) since March. The 200-day SMA is a key metric used to identify trends in Bitcoin’s price movements and potential market cycles.

“The 200DMA model on bitcoin does suggest that the token’s recent steep decline qualifies this as a bear market cycle starting in late March. But the same exercise performed on the COIN50 index (which includes the top 50 tokens by market capitalization) shows the asset class as a whole has been unequivocally trading in bear market territory since the end of February,” David Duong, global head of research at Coinbase Institutional, said in a note published Monday.

“All of these structural pressures stem from the uncertainty of the broader macro environment, where traditional risk assets have faced sustained headwinds from fiscal tightening and tariff policies, contributing to the paralysis in investment decision making."

The authors of the report urge cautious trading for the next month or so, after which the sentiment could change “rather quickly.” Duong said the market could rebound in the second half of 2025.

A market analysis by Bitcoin researcher Axel Adler Jr also points to potential for price recovery later in the year, noting the increasing dominance of US-regulated exchanges and a recurring bullish technical signal. Reduced supply, noted by analyst Borin Vest, could also contribute to upward price movement.

Janover increases Solana holdings

According to an April 15 announcement from real estate-focused financial technology firm Janover (NASDAQ:JNVR), the company’s Solana holdings have doubled to 163,651.7 after its latest purchase of 80,567 tokens for roughly US$10.5 million.

Janover’s total Solana holdings are now worth about US$21.2 million, including staking rewards.

Janover recently raised approximately US$42 million in a convertible note and warrants sale to bolster its digital asset treasury strategy. This funding round saw participation from investors including Pantera Capital, Kraken, Arrington Capital, Protagonist, The Norstar Group, Third Party Ventures, Trammell Venture Partners and 11 angel investors.

The company intends to utilize the newly acquired capital to enhance its digital asset treasury strategy, including immediate staking of recently purchased SOL to generate additional revenue.

Ripple Labs and SEC appeal paused amid settlement talks

In the ongoing legal dispute between Ripple Labs and the SEC, an appeals court has approved a request to halt proceedings while settlement discussions take place, raising speculation about a potential imminent resolution. The SEC is required to provide an update on the situation by June 15.

China faces a regulatory dilemma over seized crypto assets

China’s growing trove of seized cryptocurrencies — confiscated from fraud, money laundering and gambling cases — has become a legal and political hot potato as local governments debate how to convert illicit digital wealth into usable state revenue, Reuters reported.

With crypto trading banned and virtual assets not recognized as legal tender, authorities currently rely on loosely regulated private firms to offload seized tokens on offshore exchanges, raising concerns over transparency, corruption and inconsistent enforcement.

Legal experts, judges and financial authorities are now calling for new national guidelines, including proposals to centralize asset management, establish crypto disposal agencies or even hold confiscated Bitcoin as sovereign reserves — a potential pivot that could reshape China's crypto stance amid broader geopolitical and economic shifts.

OKX ramps up US presence with exchange launch, wallet rollout

OKX, one of the world’s top cryptocurrency exchanges, is making a calculated leap into the US market with a phased rollout of its centralized trading platform and a powerful self-custody Web3 wallet for retail and institutional users.

Spearheading this expansion is newly appointed US CEO Roshan Robert and a fresh San Jose headquarters, signaling the company’s strategic commitment to regulatory compliance and American market penetration.

The exchange offers deep liquidity, low fees and fast execution, while the new wallet — compatible with over 130 blockchains — lets users manage NFTs, tokens and dApps across multiple ecosystems.

OKX is also prioritizing transparency, publishing monthly proof-of-reserves reports verified by third-party auditors to reinforce user trust in its custodial holdings.

Semler Scientific doubles down on Bitcoin despite substantial unrealized loss

Healthcare technology firm Semler Scientific (NASDAQ:SMLR) revealed a US$41.8 million paper loss on its Bitcoin investment as of Q1 2025 following a sharp decline in Bitcoin’s price — from US$93,500 in January to US$82,350 in March — but has nonetheless pledged to press forward with its crypto acquisition strategy.

As of March 31, the company held 3,182 Bitcoin valued at over US$263 million. It remains undeterred, announcing plans to issue up to US$500 million in securities to support further purchases and shore up operating capital.

Semler also disclosed a tentative US$30 million settlement with the Department of Justice related to a civil probe, signaling ongoing legal pressures even as it pushes into risky, non-core asset classes.

The firm's stock is down 36 percent this year, remaining a polarizing example of Bitcoin's expanding foothold in non-crypto industries.

Oklahoma pulls out of Bitcoin reserve race after narrow senate vote

Oklahoma’s ambitious plan to become a state-level crypto pioneer came to an abrupt halt after its Strategic Bitcoin Reserve Act (HB1203) failed to pass the Senate Revenue and Taxation Committee by a razor-thin 6–5 vote.

The proposed legislation would have allowed the State Treasurer to allocate up to 10 percent of public fund assets into Bitcoin and other large-cap digital assets, while also exploring staking mechanisms and crypto integration into retirement accounts.

Supporters argued the bill could hedge against inflation and government overreach, but critics raised concerns about volatility, fiduciary responsibility and the need for deeper regulatory safeguards.

With the bill's collapse, Oklahoma joins a growing list of states backing away from crypto investment, leaving Arizona, Texas and New Hampshire as the frontrunners in the race to make Bitcoin a strategic public asset.

Don't forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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The Trader’s Flashlight in a Market Fog: What are Candlestick Patterns?

From Tokyo rice markets to Wall Street trading floors, candlestick patterns have stood the test of time.

Now, in the high-stakes world of cryptocurrency trading, where government policies can shift the market overnight, understanding these patterns could mean the difference between profit and loss.

In such a volatile environment, traders have continuously searched for signals amid the chaos, and many have claimed that these patterns offer a guiding light.

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Crypto Market Recap: Kraken Expands Services, EURC Momentum Grows

Here's a quick recap of the crypto landscape for Monday (April 14) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) was priced at US$84,833.31 and is up 1.2 percent in 24 hours. The day's range has seen a low of US$84,050.56 and a high of US$85,667.65.

Bitcoin performance, April 14, 2025.

Bitcoin performance, April 14, 2025.

Chart via TradingView.

The recovery appears to be related to last week's announcement of partial import tariff relief, but the uncertainty of ongoing US-China trade tensions kept Bitcoin from rallying above US$86,000.


Ethereum (ETH) is priced at US$1,635.11, a 3.1 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,624.37 and a high of US$1,677.74.

Altcoin price update

  • Solana (SOL) is currently valued at US$131.19, up 2.4 percent over the past 24 hours. SOL experienced a low of US$128.75 and a high of US$134.05 on Monday.
  • XRP is trading at US$2.15, reflecting a 1.8 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.11 and a high of US$2.18.
  • Sui (SUI) is priced at US$2.21, showing a decreaseof 0.9 percent over the past 24 hours. It achieved a daily low of US$2.20 and a high of US$2.33.
  • Cardano (ADA) is trading at US$0.6397, trading flat over 24 hours. Its lowest price on Monday was US$0.6314, with a high of US$0.6548.

Crypto news to know

Kraken expands into stock and ETF trading

Kraken announced on Monday that it will expand beyond cryptocurrencies to offer eligible users trade services for over 11,000 US-listed stocks and exchange-traded funds through Kraken Securities.

Users will be able to trade traditional assets and cryptocurrencies within a single Kraken account. The service is available to select states as part of a phased rollout, with plans to expand to all states and the UK, Europe and Australia.

Euro-sacked stablecoin EURC sees growth amidst strengthening Euro

Circle’s Euro-backed stablecoin, EURC, is experiencing growth amidst a strengthening Euro, its market cap growing from around $83 million at the beginning of 2025 to $204 million at the time of writing.

The euro has been rallying while the dollar falls amidst escalating trade tensions between the US and the rest of the world. Obchakevich Research founder Alex Obchakevich expects Euro Coin will continue to grow even as nations reach a trade deal that he projects will stabilize the Euro at around $1.11.

“I predict EURC to grow to 400 million euros by the end of this year. This will be further impacted by MiCa regulatory support and economic challenges,” he said.

MANTRA (OM) token price collapse and aftermath

Following a dramatic price collapse in the MANTRA (OM) token on Sunday (April 13) that wiped out billions of dollars in market cap, CEO John Mullin spoke in a now-deleted AMA thread hosted by Cointelegraph on X.

During the Monday discussion, Mullin denied accusations of insider selling or “rug pulling,” saying the plunge occurred after exchanges closed positions without notice.

On-chain data revealed that around US$227 million worth of OM was deposited from 17 wallets, with two linked to strategic investor Laser Digital. Arkham data revealed those wallets moved millions of OM to OKX and Binance in the days leading up to the collapse.

“The Mantra association, our key investors, our advisers — no one has sold, and we are going to categorically deny and also provide verifiable proof onchain proof that this is the case,” Mullin stated in the AMA, adding that he “(doesn’t) know who those wallets belong to.”

Mantra is up 10.8 percent to US$0.65 at the time of writing, far below its April 9 price of US$6.76.

Strategy buys US$285 million in BTC amid volatility

Michael Saylor’s firm, Strategy, capitalized on sharp equity market swings last week, purchasing 3,459 more BTC valued at US$285.8 million between April 7 to 13.

The buy was funded through its at-the-market equity offering as shares fluctuated from -11 percent to +25 percent, demonstrating the firm’s commitment to BTC accumulation even during periods of financial instability. Strategy’s Bitcoin holdings now total around US$45 billion, representing about 2.5 percent of the total BTC supply.

The firm also disclosed a forthcoming US$5.9 billion unrealized loss due to new accounting rules requiring market-based valuations for digital assets. Even so, Strategy remains on track with its plan to raise US$42 billion through 2027 for continuous Bitcoin acquisitions, reinforcing its identity as a long-term Bitcoin maximalist corporate play.

Metaplanet now 9th largest public Bitcoin holder

Japanese investment firm Metaplanet has acquired 319 BTC at an average price of US$83,147, bringing its total treasury to 4,525 BTC. That makes it the ninth largest publicly traded Bitcoin holding company.

This acquisition is part of its broader treasury strategy to build shareholder value through Bitcoin accumulation, initiated in December 2024. The company now has a cost basis of US$408.1 million and evaluates its Bitcoin performance using Bitcoin yield, which hit 95.6 percent in the first quarter of 2025.

Backed by sophisticated financial engineering such as bond issuances and stock acquisition rights, Metaplanet has executed over 41 percent of its “210 million plan,” demonstrating significant momentum.

The firm’s bold approach also reflects Japan’s evolving stance toward crypto as a mainstream asset class and could influence similar treasury strategies in Asia.

CeFi lending drops from 2021 peak, DeFi borrowing soars

The crypto lending market remains well below its former highs, down from US$64.4 billion in 2021 to US$36.5 billion at the close of 2024, according to a new report by Galaxy Digital.

This contraction is largely due to the collapse of major centralized finance (CeFi) lenders like Genesis, BlockFi, Celsius, and Voyager, which together lost 82 percent of their lending capacity during the bear market.

However, decentralized finance (DeFi) has made a stunning recovery, with open borrows jumping from US$1.8 billion in late 2022 to US$19.1 billion across 20 platforms and 12 blockchains — a 959 percent increase. Galaxy attributes this to DeFi’s permissionless nature, transparency, and its resilience during market turmoil that crushed CeFi players.

Today, Tether, Galaxy, and Ledn dominate the surviving CeFi space, accounting for nearly 89 percent of its total activity, while DeFi’s growth hints at a larger shift toward decentralized, non-custodial financial infrastructure in the post-crash era.

Google to enforce MiCA rules on crypto ads

Google (NASDAQ:GOOGL) will begin enforcing stricter ad policies across 27 European countries beginning on April 23, requiring all crypto advertisers to comply with the Markets in Crypto-Assets (MiCA) regulation or be licensed under the Crypto Asset Service Provider framework.

All crypto exchanges and wallet providers advertising on Google must now also be certified by Google, and meet additional national-level legal obligations, further tightening the regulatory net on digital asset marketing.

This marks a significant shift in how crypto services are promoted in the EU and could weed out illicit players while boosting trust in licensed entities. Noncompliance will first trigger a warning before eventual account suspensions, giving advertisers a brief grace period to align with the rules.

Don't forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Bitcoin on circuit board with glowing lights.

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