The Asymmetric founder will lead the new Solana Treasury company, Accelerate, aiming to raise up to $1.51 billion in funding.

By: theblockbeats.news|2025/07/24 02:42:21

BlockBeats News, July 24th, according to Unchained, Joe McCann, Founder and CEO of the crypto hedge fund Asymmetric Financial, will become the CEO of a new Solana treasury company called Accelerate. The company plans to raise up to $1.51 billion, intending to raise $800 million through a PIPE, $358.8 million through a SPAC, $250 million through convertible bonds, and sell $103.2 million in the form of SPAC warrants. If this funding round is successful, Accelerate will immediately begin establishing a new Solana treasury or immediately become the largest SOL treasury management company in the market.

OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...

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Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited

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