Day: August 29, 2025

SOS Limited Announces Termination of Deposit Agreement, Concurrent Changes to Share Capital and Direct Listing of Ordinary Shares

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QINGDAO, China, Aug. 28, 2025 /PRNewswire/ — SOS Limited (NYSE: SOS) (“the Company” or “SOS”) today announced its plan to terminate the amended and restated Deposit Agreement dated May 4, 2017, as amended, by and among the Company, Citibank, N.A. (the “Depositary”), and the holders of American depositary shares (the “ADSs”) from time to time, effective September 8, 2025 (the “Termination”).

In connection with the Termination, the Company held an extraordinary general meeting of shareholders on August 11, 2025 at which its shareholders approved an increase to the Company’s authorized share capital, as well as a 150-for-1 share consolidation of its ordinary shares, such that each and every 150 issued and unissued Class A and Class B Ordinary Shares of a par value of US$0.005 each in the share capital of the Company be consolidated into 1 Class A Ordinary Share of a par value of US$0.75 and 1 Class B Ordinary Share of a par value of US$0.75, respectively.

The Depositary of the Company’s American depositary receipts (the “ADRs”) will distribute to all holders and beneficial owners of the Company’s ADRs an updated notification regarding the termination of the ADR facility for the Company’s ADSs pursuant to the Deposit Agreement. The new effective date of the termination of the Deposit Agreement will be September 8, 2025 (the “Effective Date”). On the Effective Date (with the Share Consolidation being effective), holders of ADSs will have their ADSs automatically cancelled and will be entitled to receive the corresponding underlying Class A ordinary shares, par value $0.75 per share (“Ordinary Shares”), at a rate of one (1) Ordinary Share for each ADS cancelled (the “Mandatory Exchange”).

Following the Mandatory Exchange, the Ordinary Shares are anticipated to trade directly on the New York Stock Exchange under the current trading symbol “SOS”.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. SOS may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about SOS’ beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and SOS does not undertake any obligation to update such information, except as required under applicable law.

About SOS Limited

SOS is an emerging blockchain-based and big data-driven marketing solution provider. SOS is also engaged in blockchain and cryptocurrency operations, which currently include cryptocurrency mining and may expand into cryptocurrency security and insurance in the future. Since April 2021, we launched commodity trading via our subsidiary SOS International Trading Co. Ltd and Weigou International Trading Co Ltd. Major trading commodity includes mineral resin, soybean, wheat, sesame, liquid sulfur, petrol coke and latex etc. For more information, please visit: http://www.sosyun.com/. 

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SOURCE SOS Ltd.

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Crypto Market Cycle May Extend Into 2026

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

The crypto market cycle may last longer than many investors expect, according to Raoul Pal, CEO of Global Macro Investor. Pal believes the cycle could extend into the first or even second quarter of 2026, driven by liquidity dynamics and institutional capital flows. His outlook suggests that the traditional four-year rhythm of boom and correction in cryptocurrency could be shifting toward a longer expansion.

Raoul Pal’s “Waiting Room” Analogy

In a recent post on X (formerly Twitter), Pal described the current environment as a “waiting room” for digital assets. He noted that “many key parts of the crypto ecosystem are in the waiting room ready to launch,” adding that the market is set for an extended cycle as the global business cycle slows, forcing central banks to keep liquidity conditions loose.

Pal stressed that investors should not expect “tick for tick perfection” but instead focus on the bigger picture. His macroeconomic model, the business cycle score, tracks global liquidity trends and supports his view that more liquidity will fuel risk assets like crypto well into 2026.

Institutional Confidence Supports Longer Cycle

Institutional allocations toward Bitcoin (BTC) and Ethereum (ETH) remain strong despite political tensions and debates over U.S. Federal Reserve policy. Market analyst Enmanuel Cardozo from Brickken explained that the recent pullback in crypto prices was not due to on-chain weakness but external macro factors.

Stablecoin inflows further reinforce this narrative. On Binance, over $1.65 billion in stablecoins has entered the exchange recently, signaling fresh capital waiting to deploy into crypto markets. Since stablecoins serve as the primary funding mechanism for traders, this inflow could mark the beginning of renewed investment activity.

Solana, Sui, and Dogecoin Could Lead Breakouts

Pal highlighted several altcoins positioned to “leave the waiting room” and potentially spark the next leg of the crypto market cycle. According to his analysis:

  • Solana (SOL): Trading at around $208.88, Solana is showing a bullish ascending triangle pattern. Pal believes SOL will be the first major altcoin to break out.

  • Sui (SUI): At $3.30, Sui could follow Solana’s lead, gaining traction as institutional and retail investors look beyond top-tier assets.

  • Dogecoin (DOGE): Once a meme token, Dogecoin has matured into a widely recognized crypto asset. Pal predicts DOGE, priced at $0.214, could be the next altcoin to surge.

  • XRP (XRP): Currently at $2.82, XRP is described as “in the process of full porting,” suggesting it is transitioning into a new growth phase.

Beyond these, Pal sees potential in a broader set of large-cap altcoins tracked as “OTHERS,” which may take longer to rally but remain positioned for late-cycle gains.

Historical Parallels to 2017

Pal also compared today’s setup to 2017, when Bitcoin (BTC) skyrocketed by over 1,200% in a single year. He noted that the current crypto market cycle shows “spookily similar” patterns, though with one key difference: macroeconomic conditions may extend the timeline.

A weakening U.S. dollar, combined with institutional positioning and liquidity injections, could stretch this bull cycle into 2026, giving investors more time to benefit from rising digital asset prices.

The Bottom Line on the Crypto Market Cycle

The idea of a prolonged crypto market cycle challenges the traditional four-year framework that many investors have come to expect. With Solana, Sui, Dogecoin, and XRP poised for potential breakouts, and institutional capital flows staying resilient, the stage appears set for a longer-than-expected bull run.

While volatility will remain, the combination of liquidity conditions, institutional adoption, and technical signals suggests that crypto may not peak until well into 2026. For patient investors, this extended cycle could provide significant opportunities in both Bitcoin and the altcoin market.

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92 Crypto ETFs Await SEC Approval

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

A record 92 crypto ETFs are now awaiting approval by the U.S. Securities and Exchange Commission (SEC), highlighting growing institutional demand for digital assets. According to Bloomberg Intelligence analyst James Seyffart, most of these applications face final deadlines in October. The surge in filings—spanning Solana (SOL), XRP, Litecoin (LTC), and more—reflects mounting interest in bringing altcoins into regulated investment products.

Solana and XRP Dominate Crypto ETF Applications

Among altcoins, Solana and XRP lead the pack. Seyffart’s data shows that Solana currently has eight ETF applications, while XRP follows with seven applications under SEC review. These figures make them the most sought-after cryptocurrencies after Bitcoin (BTC) and Ethereum (ETH).

This leadership reflects a broader trend: while Bitcoin and Ethereum ETFs have already gained significant traction, investors are increasingly seeking diversified exposure to next-generation blockchain ecosystems. If approved, Solana and XRP ETFs could attract billions in structured capital from both retail and institutional investors.

The Rapid Expansion of Crypto ETFs

The total of 92 pending crypto ETFs represents a significant jump from just four months ago, when Bloomberg Senior ETF Analyst Eric Balchunas reported 72 active filings. This sharp increase underscores a flood of new interest, not just in Bitcoin and Ethereum, but also in altcoins like Avalanche (AVAX), Dogecoin (DOGE), and SEI.

Grayscale and 21Shares, two of the industry’s largest players, are leading this wave. Grayscale has filed to convert five existing trusts into ETFs, including funds tied to Solana, Dogecoin, XRP, and Avalanche. Meanwhile, 21Shares has submitted applications for Ethereum staking ETFs and, most recently, a spot SEI ETF designed to track the CF SEI-Dollar Reference Rate.

Expert Views on the ETF Pipeline

Industry experts suggest that the expanding crypto ETF pipeline will reshape digital asset markets. Andrew Jacobson, VP and Global Head of Legal at 21Shares, noted that the focus has shifted from “being first to file” toward product innovation, particularly in integrating decentralized finance (DeFi) features into traditional financial products.

Eric Balchunas added that the number of crypto ETF filings may soon outpace stock ETFs, marking a dramatic shift in investor priorities. This reflects a growing appetite for regulated access to crypto markets, especially as investors seek safer exposure to volatile altcoins.

Ray Youssef, CEO of NoOnes, believes structured capital flows will increasingly target projects with real-world adoption like Solana, XRP, and Binance Coin (BNB). He predicts speculative tokens without utility will fade, leaving utility-driven networks to dominate institutional portfolios.

Market Optimism Around ETF Approvals

Prediction markets show optimism around the approval of crypto ETFs, particularly for Solana and XRP. On Polymarket, the odds of a Solana ETF approval before the end of 2025 have surged to 99%, up from 72% in May. XRP holds the second-highest probability at 87%, up from 64% earlier this month.

Even Dogecoin, long considered a speculative meme asset, has seen its ETF approval odds climb to 82%, nearly doubling from June levels. Such sentiment underscores growing confidence that regulatory clarity is finally arriving for a wide range of crypto assets.

The Bottom Line on Crypto ETFs

The flood of 92 pending crypto ETFs signals a transformative moment for digital assets. With Solana and XRP at the forefront, the potential approval of multiple ETFs could unlock significant institutional capital, legitimizing altcoins beyond Bitcoin and Ethereum.

While SEC decisions remain uncertain, the rapid increase in filings and strong optimism in prediction markets suggest momentum is building. If approved, this new wave of ETFs could mark the beginning of an altcoin-driven bull market, reshaping both retail and institutional participation in crypto.

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