Mars
MARSDecentralized Standardized Hash Rate Protocol Based on Ethereum
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Project Overview
Mars is an Ethereum-based, decentralized protocol that combines standardized hashrate products and liquidity mining. It packs PoW mining into an on-chain protocol.
Stablecoin payment company NALA announces $50 million credit facility
According to TechFundingNews, stablecoin payments company NALA announced it has secured a $50 million credit facility from Liquidity through Mars Growth Capital, its joint venture with Japan’s Mitsubishi UFJ Financial Group (MUFG). The new capital will be used to develop its stablecoin payment infrastructure, with a focus on expanding cross-border payments in emerging markets—including Africa and Asia—by offering real-time stablecoin-based payments and collections, pre-funded accounts, and treasury management services. Earlier, in July 2024, NALA closed a $40 million Series A round led by investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, and Amplo, as well as angel investors Vlad Tenev, co-founder of Robinhood, and Ryan King, co-founder of Chime.
SpaceX officially files IPO application, offering size and valuation not disclosed
Odaily Odaily Mars Finance reported that SpaceX, under Elon Musk, has announced plans for its largest-ever IPO, providing investors with a comprehensive breakdown of the company's financial details, which encompass rocket launches, satellite broadband, and artificial intelligence businesses. According to the prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported sales of $4.7 billion in the first three months of this year and an operating loss of $1.9 billion. Musk will hold 85.1% of the voting rights after the IPO. The company also plans to conduct mining operations on near-Earth asteroids. The filing also shows that Anthropic will pay SpaceX $1.25 billion per month until May 2029. Although the offering size and proposed valuation have not been disclosed, media reports have previously stated that SpaceX discussed raising approximately $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on the Nasdaq under the ticker symbol SPCX. (Jinshi)
Stablecoin payment company NALA announces $50 million credit facility
According to TechFundingNews, stablecoin payments company NALA announced it has secured a $50 million credit facility from Liquidity through Mars Growth Capital, its joint venture with Japan’s Mitsubishi UFJ Financial Group (MUFG). The new capital will be used to develop its stablecoin payment infrastructure, with a focus on expanding cross-border payments in emerging markets—including Africa and Asia—by offering real-time stablecoin-based payments and collections, pre-funded accounts, and treasury management services. Earlier, in July 2024, NALA closed a $40 million Series A round led by investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, and Amplo, as well as angel investors Vlad Tenev, co-founder of Robinhood, and Ryan King, co-founder of Chime.
Metaplanet Delays Preferred Stock Listing Plan Due to Structural Challenges in the Japanese Market
Metaplanet CEO Simon Gerovich stated that the company has postponed its planned listings of the Mars and Mercury preferred shares due to the immaturity of Japan’s preferred stock market and restrictions imposed by exchange rules. He explained that Japanese exchanges require preferred share dividends to be supported by sustainable, recurring cash flows, while Metaplanet still needs to demonstrate that its Bitcoin revenue business can generate stable returns across varying market conditions. Additionally, the company plans to distribute dividends monthly, whereas the Japanese market typically follows annual or semi-annual dividend schedules, and the related infrastructure remains under development. Metaplanet currently holds 40,177 BTC, and its stock price has declined 25% year-to-date.
Related news
Analysis: SpaceX’s Business Shows One Pole Profitable, Two Poles Loss-Making, with Cumulative Losses Reaching $41.3 Billion
On the first day of SpaceX's listing, only 4.2% of the total shares were available for trading. With supply unable to meet demand and subscription enthusiasm running high, a short-term surge in the stock price was not unexpected. However, the company's price-to-sales ratio has exceeded 112 times, far surpassing Tesla's 15 times and chip giant Nvidia's nearly 20 times.That said, SpaceX's business exhibits a pattern of "one pole profitable, two poles loss-making." Starlink is the undeniable "cash cow." According to the prospectus, this satellite internet business generated $11.39 billion in revenue last year, accounting for 61% of SpaceX's total revenue. By the end of 2025, it had served over 10 million users. The company also plans to acquire spectrum and add 15,000 satellites to deploy a direct-to-cell service, potentially covering approximately 6 billion mobile phone users worldwide. The rocket launch business, leveraging reusable technology, holds about an 80% share of the global commercial rocket launch market. Yet it still posted a loss of $657 million last year. Furthermore, if Starship is to achieve crewed Mars landings, substantial funding and continued technological iteration are required.xAI and future space computing business are seen as "black holes for burning cash." According to statistics from some institutions, at the current loss rate, xAI alone could deplete Starlink's profits within the next four quarters. According to the prospectus, SpaceX has accumulated losses of $41.3 billion since its founding in 2002. (CCTV News)
Stablecoin payment company NALA announces $50 million credit facility
According to TechFundingNews, stablecoin payments company NALA announced it has secured a $50 million credit facility from Liquidity through Mars Growth Capital, its joint venture with Japan’s Mitsubishi UFJ Financial Group (MUFG). The new capital will be used to develop its stablecoin payment infrastructure, with a focus on expanding cross-border payments in emerging markets—including Africa and Asia—by offering real-time stablecoin-based payments and collections, pre-funded accounts, and treasury management services. Earlier, in July 2024, NALA closed a $40 million Series A round led by investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, and Amplo, as well as angel investors Vlad Tenev, co-founder of Robinhood, and Ryan King, co-founder of Chime.
F2Pool Co-founder Wang Chun: Participating in Mars Flyby to Remind SpaceX Not to Lose Sight of Its Vision, and Not to Leave the Landing Plan for the Next Generation
F2Pool co-founder Wang Chun explained on X platform the reasons for his decision to take the Starship for its first crewed Mars flyby. He stated that with the debut of Starship V3, humanity is one step closer to becoming a "multi-planetary species." During Fram2 training, aside from Dragon spacecraft-related content, one of the most discussed topics among the team was "how to reliably perform a landing and return on Phobos."Although three months ago Musk announced that SpaceX would shift its focus more toward the Moon and believes that with the development of AI data centers, space commercialization might eventually find a viable path, Wang stressed that the goal should be Mars, not the Moon. He is not currently confident that humanity will truly land on Mars within this generation's lifetime, so he hopes to personally drive this process forward.Wang Chun added that by purchasing a Mars flyby mission, he aims to give SpaceX a reason to "not forget Mars," and emphasized that "the Mars plan should not be postponed for the next generation." Although this mission will not attempt to land on Phobos, all great explorations begin with the first step. "I hope this mission can prove to the public that Mars is not just a point of light in a telescope, but a real world that humans can reach, visit, and return from safely."
Wang Chun, co-founder of F2Pool, will participate in SpaceX’s first crewed Starship mission, which will last approximately two years.
SpaceX officially announced that Wang Chun (@satofishi), co-founder of F2Pool and mission commander of the Fram2 mission, will fly aboard Starship for the company’s first crewed interplanetary mission. Scheduled to last approximately two years, the mission will take the spacecraft beyond the Earth–Moon system, perform a Mars flyby, and then return to Earth—marking a significant milestone in commercial crewed deep-space exploration. Wang Chun previously funded and served as commander for the Fram2 polar-orbit mission, making him the first entrepreneur to fully fund and personally participate in two commercial crewed space missions.
F2Pool co-founder Chun Wang to participate in SpaceX's first Starship interplanetary crewed mission, planning to fly by Mars and return to Earth
: SpaceX announced that Fram2 mission commander and F2Pool co-founder Chun Wang will participate in Starship's first interplanetary crewed flight mission. The mission plans a two-year deep-space flight, exiting the Earth-Moon system, flying by Mars, and returning to Earth.Prior to this, Wang will also join Dennis Tito and Akiko Tito for Starship's first commercial crewed lunar flyby mission. This mission is expected to last about one week and will fly within approximately 200 kilometers of the lunar surface.SpaceX stated that since May 2020, the Dragon spacecraft has completed 20 missions, sending 78 astronauts from 20 countries into space. In the future, Starship will further expand commercial crewed spaceflight to lunar and Mars missions.
SpaceX officially files IPO application, offering size and valuation not disclosed
Odaily Odaily Mars Finance reported that SpaceX, under Elon Musk, has announced plans for its largest-ever IPO, providing investors with a comprehensive breakdown of the company's financial details, which encompass rocket launches, satellite broadband, and artificial intelligence businesses. According to the prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported sales of $4.7 billion in the first three months of this year and an operating loss of $1.9 billion. Musk will hold 85.1% of the voting rights after the IPO. The company also plans to conduct mining operations on near-Earth asteroids. The filing also shows that Anthropic will pay SpaceX $1.25 billion per month until May 2029. Although the offering size and proposed valuation have not been disclosed, media reports have previously stated that SpaceX discussed raising approximately $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on the Nasdaq under the ticker symbol SPCX. (Jinshi)