News
- Jiuzi commits up to $1B and 10,000 BTC to SOLV’s DeFi yield platform.
- The partnership bridges TradFi compliance with DeFi Bitcoin finance.
- JZXN shares have surged over 17% following the strategic announcement.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) has unveiled a sweeping $1 billion Bitcoin finance initiative through a strategic partnership with SOLV Foundation, a decentralised finance (DeFi) platform managing more than $2.8 billion in total value locked.
The move positions Jiuzi as one of the few Nasdaq-listed firms actively bridging traditional finance (TradFi) with DeFi to create compliant, yield-generating Bitcoin products for institutional investors.
10,000 Bitcoin commitment to SOLV’s flagship SolvBTC.BNB vault
The partnership will see Jiuzi allocate up to $1 billion from its digital asset plan into Bitcoin staking and yield-focused blockchain products.
Central to the strategy is a commitment of up to 10,000 Bitcoin to SOLV’s flagship SolvBTC.BNB vault on the BNB Chain — one of the largest Bitcoin yield platforms in the ecosystem.
The assets will be safeguarded by regulated third-party custodians and verified through Chainlink’s proof-of-reserves auditing system, ensuring transparency and institutional-grade security.
This marks a pivotal moment for Jiuzi Holdings, which is best known for its new energy vehicle infrastructure business in China.
The company has been steadily diversifying into blockchain finance, and its partnership with SOLV Foundation signals a deepened commitment to positioning Bitcoin as a productive, yield-bearing asset rather than a passive store of value.
Building a compliant bridge between TradFi and DeFi
Jiuzi and SOLV have emphasised that the partnership will operate under strict compliance with US Securities and Exchange Commission (SEC) regulations and Nasdaq listing standards.
The collaboration will establish a joint Steering Committee composed of senior representatives from both organisations.
This committee will develop and oversee Bitcoin-centric DeFi initiatives, including expanding the adoption of SolvBTC across additional blockchain networks such as Solana and Base.
By combining Jiuzi’s regulatory standing and institutional access with SOLV’s on-chain expertise, the partnership aims to create a secure, transparent, and scalable financial framework for Bitcoin-based products.
Both companies view the collaboration as a model for how regulated capital can participate safely in decentralised yield markets.
Optimising treasury strategy through blockchain
Beyond its yield products, Jiuzi will anchor its corporate treasury around Bitcoin as its primary digital asset.
The firm’s Bitcoin holdings, including those of its subsidiaries, will be deposited on SOLV’s platform and managed under the supervision of approved custodians.
This approach is designed to maximise capital efficiency while maintaining visibility and accountability through blockchain-based auditing tools.
Li Tao, Chief Executive Officer of Jiuzi Holdings, described the partnership as “a transformative step forward” that strengthens the company’s Bitcoin vault strategy and aligns it with one of the most advanced ecosystems for Bitcoin liquidity and staking.
SOLV Protocol co-founder Ryan Chow added that the partnership merges Jiuzi’s regulatory stature with SOLV’s expertise in managing large-scale Bitcoin assets, paving the way for secure institutional capital flow into DeFi.
Notably, the news of the partnership sparked a sharp rally in Jiuzi’s stock, with shares surging more than 22% in trading following the announcement.
Investors responded positively to the company’s expansion into digital asset finance, recognising the potential for Jiuzi to play a pivotal role in institutional Bitcoin adoption.
The post Jiuzi Holdings taps SOLV Foundation for its $1B Bitcoin investment plan appeared first on CoinJournal.
- Jiuzi commits up to $1B and 10,000 BTC to SOLV’s DeFi yield platform.
- The partnership bridges TradFi compliance with DeFi Bitcoin finance.
- JZXN shares have surged over 17% following the strategic announcement.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) has unveiled a sweeping $1 billion Bitcoin finance initiative through a strategic partnership with SOLV Foundation, a decentralised finance (DeFi) platform managing more than $2.8 billion in total value locked.
The move positions Jiuzi as one of the few Nasdaq-listed firms actively bridging traditional finance (TradFi) with DeFi to create compliant, yield-generating Bitcoin products for institutional investors.
10,000 Bitcoin commitment to SOLV’s flagship SolvBTC.BNB vault
The partnership will see Jiuzi allocate up to $1 billion from its digital asset plan into Bitcoin staking and yield-focused blockchain products.
Central to the strategy is a commitment of up to 10,000 Bitcoin to SOLV’s flagship SolvBTC.BNB vault on the BNB Chain — one of the largest Bitcoin yield platforms in the ecosystem.
The assets will be safeguarded by regulated third-party custodians and verified through Chainlink’s proof-of-reserves auditing system, ensuring transparency and institutional-grade security.
This marks a pivotal moment for Jiuzi Holdings, which is best known for its new energy vehicle infrastructure business in China.
The company has been steadily diversifying into blockchain finance, and its partnership with SOLV Foundation signals a deepened commitment to positioning Bitcoin as a productive, yield-bearing asset rather than a passive store of value.
Building a compliant bridge between TradFi and DeFi
Jiuzi and SOLV have emphasised that the partnership will operate under strict compliance with US Securities and Exchange Commission (SEC) regulations and Nasdaq listing standards.
The collaboration will establish a joint Steering Committee composed of senior representatives from both organisations.
This committee will develop and oversee Bitcoin-centric DeFi initiatives, including expanding the adoption of SolvBTC across additional blockchain networks such as Solana and Base.
By combining Jiuzi’s regulatory standing and institutional access with SOLV’s on-chain expertise, the partnership aims to create a secure, transparent, and scalable financial framework for Bitcoin-based products.
Both companies view the collaboration as a model for how regulated capital can participate safely in decentralised yield markets.
Optimising treasury strategy through blockchain
Beyond its yield products, Jiuzi will anchor its corporate treasury around Bitcoin as its primary digital asset.
The firm’s Bitcoin holdings, including those of its subsidiaries, will be deposited on SOLV’s platform and managed under the supervision of approved custodians.
This approach is designed to maximise capital efficiency while maintaining visibility and accountability through blockchain-based auditing tools.
Li Tao, Chief Executive Officer of Jiuzi Holdings, described the partnership as “a transformative step forward” that strengthens the company’s Bitcoin vault strategy and aligns it with one of the most advanced ecosystems for Bitcoin liquidity and staking.
SOLV Protocol co-founder Ryan Chow added that the partnership merges Jiuzi’s regulatory stature with SOLV’s expertise in managing large-scale Bitcoin assets, paving the way for secure institutional capital flow into DeFi.
Notably, the news of the partnership sparked a sharp rally in Jiuzi’s stock, with shares surging more than 22% in trading following the announcement.
Investors responded positively to the company’s expansion into digital asset finance, recognising the potential for Jiuzi to play a pivotal role in institutional Bitcoin adoption.
The post Jiuzi Holdings taps SOLV Foundation for its $1B Bitcoin investment plan appeared first on CoinJournal.
- Jiuzi commits up to $1B and 10,000 BTC to SOLV’s DeFi yield platform.
- The partnership bridges TradFi compliance with DeFi Bitcoin finance.
- JZXN shares have surged over 17% following the strategic announcement.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) has unveiled a sweeping $1 billion Bitcoin finance initiative through a strategic partnership with SOLV Foundation, a decentralised finance (DeFi) platform managing more than $2.8 billion in total value locked.
The move positions Jiuzi as one of the few Nasdaq-listed firms actively bridging traditional finance (TradFi) with DeFi to create compliant, yield-generating Bitcoin products for institutional investors.
10,000 Bitcoin commitment to SOLV’s flagship SolvBTC.BNB vault
The partnership will see Jiuzi allocate up to $1 billion from its digital asset plan into Bitcoin staking and yield-focused blockchain products.
Central to the strategy is a commitment of up to 10,000 Bitcoin to SOLV’s flagship SolvBTC.BNB vault on the BNB Chain — one of the largest Bitcoin yield platforms in the ecosystem.
The assets will be safeguarded by regulated third-party custodians and verified through Chainlink’s proof-of-reserves auditing system, ensuring transparency and institutional-grade security.
This marks a pivotal moment for Jiuzi Holdings, which is best known for its new energy vehicle infrastructure business in China.
The company has been steadily diversifying into blockchain finance, and its partnership with SOLV Foundation signals a deepened commitment to positioning Bitcoin as a productive, yield-bearing asset rather than a passive store of value.
Building a compliant bridge between TradFi and DeFi
Jiuzi and SOLV have emphasised that the partnership will operate under strict compliance with US Securities and Exchange Commission (SEC) regulations and Nasdaq listing standards.
The collaboration will establish a joint Steering Committee composed of senior representatives from both organisations.
This committee will develop and oversee Bitcoin-centric DeFi initiatives, including expanding the adoption of SolvBTC across additional blockchain networks such as Solana and Base.
By combining Jiuzi’s regulatory standing and institutional access with SOLV’s on-chain expertise, the partnership aims to create a secure, transparent, and scalable financial framework for Bitcoin-based products.
Both companies view the collaboration as a model for how regulated capital can participate safely in decentralised yield markets.
Optimising treasury strategy through blockchain
Beyond its yield products, Jiuzi will anchor its corporate treasury around Bitcoin as its primary digital asset.
The firm’s Bitcoin holdings, including those of its subsidiaries, will be deposited on SOLV’s platform and managed under the supervision of approved custodians.
This approach is designed to maximise capital efficiency while maintaining visibility and accountability through blockchain-based auditing tools.
Li Tao, Chief Executive Officer of Jiuzi Holdings, described the partnership as “a transformative step forward” that strengthens the company’s Bitcoin vault strategy and aligns it with one of the most advanced ecosystems for Bitcoin liquidity and staking.
SOLV Protocol co-founder Ryan Chow added that the partnership merges Jiuzi’s regulatory stature with SOLV’s expertise in managing large-scale Bitcoin assets, paving the way for secure institutional capital flow into DeFi.
Notably, the news of the partnership sparked a sharp rally in Jiuzi’s stock, with shares surging more than 22% in trading following the announcement.
Investors responded positively to the company’s expansion into digital asset finance, recognising the potential for Jiuzi to play a pivotal role in institutional Bitcoin adoption.
The post Jiuzi Holdings taps SOLV Foundation for its $1B Bitcoin investment plan appeared first on CoinJournal.
With the end of October approaching, Senate Republicans are in danger of going back on their previously announced deadline for a significant cryptocurrency bill.
Solana’s ( SOL) derivatives market is flashing heightened activity this week as futures and options traders recalibrate positions following the launch of two new exchange-traded funds (ETFs) tied to the token. Solana Derivatives Market Heats up After ETF Launches Futures open interest for SOL has climbed across top exchanges as traders react to the back-to-back […]- Hackers drained over $5.5M from Garden Finance across chains.
- SEED token plunged 64% after the exploit triggered mass sell-offs.
- The DPRK-linked group “Dangerous Password” is suspected to be behind the hack.
Garden Finance has become the latest target of a major crypto heist, with hackers siphoning off at least $5.5 million across several blockchains.
The cross-chain bridge exploit has not only rattled investors but also reignited concerns about the security of decentralised finance (DeFi) infrastructure.
Bridge breach spreads across multiple chains
The attack on Garden Finance unfolded swiftly, draining millions in assets from multiple blockchains, including Arbitrum and Solana.
On-chain researcher ZachXBT was the first to identify the unauthorised withdrawals, noting that the losses could ultimately exceed $10 million once all affected chains are accounted for.
According to early reports, the attacker used the MetaMask router, a fast but costly swap tool, to immediately convert stolen tokens, which included wrapped ETH (wETH), wrapped Bitcoin (WBTC), Lombard-locked BTC, cbBTC, and SEED, Garden’s native token, to Ethereum (ETH).
🚨ALERT🚨Our system detected that @gardenfi has been hacked ~$6M across multiple chains.
Most of the stolen funds are in $WBTC, $USDC, $USDT and other digital assets.
However, most of the freezable assets are swapped to $ETH.
Team sent on-chain message to hacker offering 10%… pic.twitter.com/76YbG6aPK7— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) October 30, 2025
The move prevented freezing or recovery efforts, as the assets were instantly dispersed through decentralised exchanges.
Garden Finance later confirmed the breach in an on-chain message, stating that its systems had been compromised across multiple networks.
The team offered a 10% white hat bounty to the hacker in exchange for returning the funds and disclosing the vulnerability.
But despite the offer, the attacker has not yet responded.
ZachXBT links the hack to a DPRK-backed group
Investigations led by ZachXBT and other blockchain analysts suggest that the DPRK-affiliated hacker collective “Dangerous Password” could be behind the exploit.
This group has been tied to several recent cross-chain incidents targeting smaller protocols with liquid, fast-swappable assets.
Just days before the Garden breach, ZachXBT accused the protocol of enabling money laundering, claiming that up to 25% of its total fund transfers were connected to previously stolen assets from the Bybit and Swissborg hacks.
Another security researcher, Tayvano, alleged that North Korean hackers had been using Garden’s bridge extensively to move illicit funds.
These findings have cast a shadow over the platform’s recent success.
Earlier this month, Garden Finance proudly announced it had bridged over $2 billion in tokens, but the revelation that a quarter of its traffic may have originated from illicit sources has severely damaged its reputation.
Interestingly, today’s incident carries a note of irony. Garden Finance, once accused of facilitating laundering, has now fallen victim to the very type of attack it was criticised for enabling.
Observers have drawn parallels with THORChain, which was similarly accused of aiding North Korean hackers before being targeted itself.
ZachXBT highlighted this irony in his investigation, stating that the Garden team had profited “high six figures” in fees from illicit transfers but failed to assist victims in past cases.
The exploit, he argued, was a harsh reminder of the risks faced by protocols that neglect compliance and transparency.
With damages estimated between $5.5 million and $10.8 million, and the SEED token in free fall, Garden Finance faces a long road to recovery.
And whether the hacker accepts the 10% bounty or vanishes with the funds, the exploit highlights the urgent need for stronger bridge security, real-time monitoring, and better cooperation between developers and blockchain investigators.
SEED token collapses amid panic
The fallout was immediate. As the hacker dumped stolen SEED tokens into illiquid pools on Uniswap, the price crashed by 64%, plunging to $0.1928 and shrinking its market capitalisation to $2.5 million.
And although the token has slightly recovered to around $0.23, it remains down 57% from yesterday’s close price.
The thin liquidity made the sell-off particularly devastating, eroding investor confidence and intensifying scrutiny of the protocol’s risk controls.
The post Garden Finance exploit: over $5.5M stolen, 10% white hat bounty announced appeared first on CoinJournal.
- Hackers drained over $5.5M from Garden Finance across chains.
- SEED token plunged 64% after the exploit triggered mass sell-offs.
- The DPRK-linked group “Dangerous Password” is suspected to be behind the hack.
Garden Finance has become the latest target of a major crypto heist, with hackers siphoning off at least $5.5 million across several blockchains.
The cross-chain bridge exploit has not only rattled investors but also reignited concerns about the security of decentralised finance (DeFi) infrastructure.
Bridge breach spreads across multiple chains
The attack on Garden Finance unfolded swiftly, draining millions in assets from multiple blockchains, including Arbitrum and Solana.
On-chain researcher ZachXBT was the first to identify the unauthorised withdrawals, noting that the losses could ultimately exceed $10 million once all affected chains are accounted for.
According to early reports, the attacker used the MetaMask router, a fast but costly swap tool, to immediately convert stolen tokens, which included wrapped ETH (wETH), wrapped Bitcoin (WBTC), Lombard-locked BTC, cbBTC, and SEED, Garden’s native token, to Ethereum (ETH).
🚨ALERT🚨Our system detected that @gardenfi has been hacked ~$6M across multiple chains.
Most of the stolen funds are in $WBTC, $USDC, $USDT and other digital assets.
However, most of the freezable assets are swapped to $ETH.
Team sent on-chain message to hacker offering 10%… pic.twitter.com/76YbG6aPK7— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) October 30, 2025
The move prevented freezing or recovery efforts, as the assets were instantly dispersed through decentralised exchanges.
Garden Finance later confirmed the breach in an on-chain message, stating that its systems had been compromised across multiple networks.
The team offered a 10% white hat bounty to the hacker in exchange for returning the funds and disclosing the vulnerability.
But despite the offer, the attacker has not yet responded.
ZachXBT links the hack to a DPRK-backed group
Investigations led by ZachXBT and other blockchain analysts suggest that the DPRK-affiliated hacker collective “Dangerous Password” could be behind the exploit.
This group has been tied to several recent cross-chain incidents targeting smaller protocols with liquid, fast-swappable assets.
Just days before the Garden breach, ZachXBT accused the protocol of enabling money laundering, claiming that up to 25% of its total fund transfers were connected to previously stolen assets from the Bybit and Swissborg hacks.
Another security researcher, Tayvano, alleged that North Korean hackers had been using Garden’s bridge extensively to move illicit funds.
These findings have cast a shadow over the platform’s recent success.
Earlier this month, Garden Finance proudly announced it had bridged over $2 billion in tokens, but the revelation that a quarter of its traffic may have originated from illicit sources has severely damaged its reputation.
Interestingly, today’s incident carries a note of irony. Garden Finance, once accused of facilitating laundering, has now fallen victim to the very type of attack it was criticised for enabling.
Observers have drawn parallels with THORChain, which was similarly accused of aiding North Korean hackers before being targeted itself.
ZachXBT highlighted this irony in his investigation, stating that the Garden team had profited “high six figures” in fees from illicit transfers but failed to assist victims in past cases.
The exploit, he argued, was a harsh reminder of the risks faced by protocols that neglect compliance and transparency.
With damages estimated between $5.5 million and $10.8 million, and the SEED token in free fall, Garden Finance faces a long road to recovery.
And whether the hacker accepts the 10% bounty or vanishes with the funds, the exploit highlights the urgent need for stronger bridge security, real-time monitoring, and better cooperation between developers and blockchain investigators.
SEED token collapses amid panic
The fallout was immediate. As the hacker dumped stolen SEED tokens into illiquid pools on Uniswap, the price crashed by 64%, plunging to $0.1928 and shrinking its market capitalisation to $2.5 million.
And although the token has slightly recovered to around $0.23, it remains down 57% from yesterday’s close price.
The thin liquidity made the sell-off particularly devastating, eroding investor confidence and intensifying scrutiny of the protocol’s risk controls.
The post Garden Finance exploit: over $5.5M stolen, 10% white hat bounty announced appeared first on CoinJournal.