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Blackdove acquires Foundation, creating the first complete digital art ecosystem from on-chain sales to museum-quality display. Foundation ($230M+ in artist sales) continues as standalone business. Founder Kayvon joins Blackdove Board.

35,945 Aufrufe • vor 8 Monaten •via X (Twitter)

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SquiggleDAO has placed Squiggle #8434 at the MACBA Museum in Argentina where it will be permanently displayed using the Squiggle Display Station! 🎉🎉🎉 MACBA Buenos Aires (Museo de Arte Contemporáneo de Buenos Aires) is a leading institution in Argentina’s contemporary art scene, widely recognized for its deep focus on geometric and abstract art. Its collection emphasizes form, color, structure, and systems, creating a strong dialogue between historical geometric movements and contemporary practices. This curatorial focus makes MACBA an important platform for works rooted in logic, repetition, and visual rhythm. The museum’s holdings include significant works by key figures in geometric and kinetic art, most notably Julio Le Parc, whose practice explores perception, movement, and viewer participation. Alongside Le Parc, MACBA’s collection reflects a broader lineage of Latin American and international geometric abstraction, reinforcing its role as a steward of systematic and perceptual art traditions. Within this context, the Chromie Squiggle is a natural and compelling fit. MACBA has recently added a Squiggle to their permanent collection and will become the first museum to permanently display a Squiggle, a major achievement given how rare permanent displays are compared to temporary exhibitions! The museum is also the first to present the work using the Display Station, creating an interactive experience that allows visitors to engage directly with generative digital art and marking an important milestone in its institutional adoption. The Display Station will also be permanently installed at the front of the museum in order to maximize exposure and usage. The glass storefront allows anyone walking by to experience the Squiggle, maximizing exposure to foot traffic.

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StablecoinX Inc. StablecoinX has announced an additional $530 million capital raise as part of its $ENA accumulation strategy. To date, StablecoinX has raised a total of approximately $895M in PIPE financing, which is expected to result in a vehicle with over 3 billion ENA tokens on its balance sheet at closing. This enhanced scale enables greater access to additional institutional channels, broader investor and third-party coverage, and the capacity to hire top tier leadership. As with the initial PIPE raise, the cash raised via the PIPE will be used by StablecoinX to acquire tokens from a subsidiary of the Ethena Foundation. The Ethena Foundation subsidiary will initiate an approximately $310 million buyback program over the next 6-8 weeks via third party market makers, reinforcing the alignment between the Foundation and StablecoinX shareholders. The expected deployment rate of purchases is outlined in the section below this tweet, and is incremental to the buyback program from the initial PIPE financing transaction which has now been completed. At current prices, the planned buyback program of this second PIPE transaction combined with the liquid ENA contributed to the PIPE by third party investors represents roughly 13% of circulating supply. This is in addition to the initial PIPE financing which resulted in the acquisition of approximately 7.3% of circulating token supply over the last 6 weeks. Importantly, as with the initial PIPE raise, the Ethena Foundation has the right to veto any sales of $ENA by StableCoinX at its sole discretion. Once again, to the extent StablecoinX subsequently raises capital with the intent of purchasing additional locked ENA from the Ethena Foundation or its affiliates, cash proceeds from those token sales are planned to be used to purchase spot $ENA. StablecoinX's treasury strategy is a deliberate, multi‑year capital allocation strategy that will enables StablecoinX to capture the enormous value of the secular surge in demand for digital dollars while compounding ENA per share to the benefit of shareholders.

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