Berachain Co-founder Response to "Nova Digital Holds $25 Million Investment Refund Right": The report is neither accurate nor complete, and Nova remains one of the largest token holders

By: theblockbeats.news|2025/11/25 02:45:51

BlockBeats News, November 25th, Berachain Co-founder Smokey the Bera responded to the news of "Berachain reportedly granting Nova Digital a $25 million refund right in Series B funding" on social media, stating that the report was "neither accurate nor complete."

Smokey the Bera clarified the details of Brevan Howard's investment agreement: Brevan Howard, through its Abu Dhabi-based Nova Fund, co-led Berachain's Series B funding a year ago, with investment terms identical to other investors. Nova's compliance team requested additional terms to mitigate the risk of TGE failure and non-listing, leading to the signing of an additional commercial agreement, including a commitment to provide liquidity after the network's launch.

Smokey the Bera emphasized that Nova remains one of Berachain's largest token holders, potentially even the largest. They hold locked BERA tokens from the Series B funding and liquid BERA tokens purchased from the open market, continuing to accumulate amidst market fluctuations.

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"

The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.

Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected

Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?

Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.

A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?

When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.

WEEX API Broker Program: Turn Your Trading Platform Into a Revenue Engine

Become a WEEX API Broker and earn up to 70% trading fee sharing. Get institutional-grade liquidity, OAuth Fast Connect, and a 4-5 day integration for your AI trading platform, bot, or signal community.

How to choose between buying discounted ETH, Bitmine, and SharpLink?

The answer may not lie in whose story is told better, but in specific dimensions such as cost of holding, financing ability, liquidity, and whether the narrative can be realized.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?

The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.

Dan Bin's latest speech: Don't miss out on a great era

Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.

Popular coins

Latest Crypto News

20:45

According to Jinshi reports, U.S. President Trump: The U.S. economy is soaring strongly! The stock market has just achieved its best quarterly performance since the last presidential term.The S&P 500 index, Nasdaq index, and Dow Jones index have all surged, and the assets in American people's 401(k)...

Berachain Co-founder Response to "Nova Digital Holds $25 Million Investment Refund Right": The report is neither accurate nor complete, and Nova remains one of the largest token holders

You may also like

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by

Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play

Cape Verde 2-3 Argentina: The Underdog Team That Stunned the World in Defeat

Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions