Signing Day Sports Enters Crypto & AI with Blockchain Firm Acquisition

Signing Day Sports to Acquire Blockchain Digital Infrastructure

According to Nasdaq, Signing Day Sports (SGN) has announced its intent to acquire 100% of the shares of Blockchain Digital Infrastructure. This acquisition will enable the company to operate a crypto mining, AI, and high-performance computing (HPC) data hosting business. The properties involved in this venture are expected to provide 200MW of capacity across South Carolina and Texas.

The deal will involve the issuance of Signing Day Sports' equity securities to the shareholders of Blockchain Digital Infrastructure. Following the merger, the combined entity is expected to be listed on the NYSE American. In 2024, Blockchain Digital Infrastructure reported unaudited revenue of $26.8 million and a net income of $4.0 million.

"This acquisition positions Signing Day Sports to expand its technological capabilities and market presence significantly," Nasdaq reported.

Key Takeaways:

Signing Day Sports to acquire Blockchain Digital Infrastructure.
Expected operational capacity of 200MW in South Carolina and Texas.
2024 unaudited revenue: $26.8 million; net income: $4.0 million.

What Happens to a Blockchain When Nobody Uses It?

Cointelegraph explores the challenges faced by blockchains that fail to maintain active user engagement. Factors such as flawed tokenomics, scams, security issues, and lack of community support can lead to a blockchain's decline. For instance, Terra's collapse in 2022 highlighted the risks of algorithmic stablecoins, while EOS struggled with governance issues despite raising $4 billion in its initial coin offering (ICO).

Active blockchains like Ethereum, Solana, and Bitcoin continue to thrive due to strong developer ecosystems, daily user engagement, and robust transaction volumes. As of April 2025, Ethereum processes millions of daily transactions, while Solana boasts 3.68 million daily active addresses. In contrast, inactive chains like EOS and Terra serve as cautionary tales of the importance of utility, trust, and innovation.

Key Takeaways:

Inactive blockchains often suffer from lack of community and development momentum.
Ethereum and Solana remain leaders in daily transactions and developer activity.
Examples like Terra and EOS highlight the risks of poor governance and tokenomics.

Coinbase Advocates for a National Blockchain Strategy in Canada

CoinDesk reports that Lucas Matheson, CEO of Coinbase Canada, is urging the Canadian government to adopt a national blockchain strategy ahead of the April 28, 2025, election. Matheson emphasizes the need for regulatory clarity, easier banking for crypto platforms, and the integration of crypto into the Canadian economy. He also highlights Canada's strong crypto awareness, with surveys indicating that up to 30% of Canadians may own digital assets by the end of 2025.

Coinbase Canada is pursuing full dealer registration to expand its offerings and capitalize on the country's high crypto adoption rates. Matheson also advocates for initiatives such as a Bitcoin strategic reserve and federal regulation of stablecoins to position Canada as a global leader in the digital economy.

Key Takeaways:

Canada is the third most crypto-aware country globally.
Coinbase Canada seeks full dealer registration to expand its services.
Proposals include a national crypto strategy and Bitcoin strategic reserve.

JPMorgan Expands Blockchain Payment Services to Include GBP

Crypto Briefing reports that JPMorgan's blockchain division, Kinexys, has introduced British pound-denominated blockchain deposit accounts in the UK. This expansion adds to its existing euro and dollar functionalities, enabling 24/7 cross-border transactions and more flexible foreign exchange settlement times. Since its inception, Kinexys has processed over $1.5 trillion in transactions, with corporate clients such as LSEG's SwapAgent and Trafigura among the first to adopt the new GBP service.

This development underscores JPMorgan's commitment to enhancing real-time settlement services and expanding its blockchain capabilities to meet the needs of global corporate clients.

Key Takeaways: