Chaince Digital Sponsors Wellball VIP League New York Event
Rhea-AI Summary
Chaince Digital (Nasdaq: CD) will serve as Presenting Sponsor for a Wellball VIP League event in New York on December 20, 2025. The sponsorship is presented as part of Chaince's community engagement and brand awareness efforts in markets where it operates.
Chaince's branding will appear across multiple high-visibility touchpoints at the event, which concludes Wellball VIP League's fall season and features a head-to-head, non-contact basketball format emphasizing shooting accuracy and mental toughness. The company reiterated this ties to its strategy as a Nasdaq-listed blockchain and digital asset-focused holding company.
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News Market Reaction 29 Alerts
On the day this news was published, CD declined 2.94%, reflecting a moderate negative market reaction. Argus tracked a peak move of +12.8% during that session. Argus tracked a trough of -13.8% from its starting point during tracking. Our momentum scanner triggered 29 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $14M from the company's valuation, bringing the market cap to $474M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peer stocks were flagged in the momentum scanner and no same-day peer headlines were recorded, indicating the move in CD appears stock-specific rather than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 12 | AI projects partnership | Positive | -5.0% | Announced large-scale low-carbon AI compute projects with HEC in China. |
| Nov 24 | Strategic partnership | Positive | -4.1% | Non-binding framework to deploy up to $200M into U.S. gigafactory projects. |
| Nov 18 | Ownership update | Positive | -5.4% | Reported higher institutional ownership from major global asset managers. |
| Nov 14 | Conference presentation | Positive | +8.6% | CSO presented on RWA tokenization and digital-asset finance at TCFA conference. |
Recent CD news skewed positive or strategic has often coincided with negative next-day price reactions, with one notable positive outlier.
Over the last month, Chaince Digital (NASDAQ: CD) has issued several strategically positive updates. On Nov 14, leadership highlighted a vision for tokenized finance at a major conference. On Nov 18, the company reported increased institutional ownership. On Nov 24, it announced a strategic partnership framework targeting up to $200 million for a U.S. gigafactory. On Dec 12, AI-compute projects with HEC were detailed. Despite these, three of four events saw negative next-day price moves.
Market Pulse Summary
This announcement highlights Chaince Digital’s focus on community engagement and brand building through sponsorship of the Wellball VIP League’s December 20, 2025 New York event. The company positions this within its broader blockchain and digital-asset growth strategy. Recent history shows multiple strategic and partnership announcements, some followed by volatile trading. Investors may watch how future updates connect to revenue, adoption, or balance-sheet metrics beyond marketing visibility.
Key Terms
blockchain technical
digital asset technical
AI-generated analysis. Not financial advice.
Chaince Supports Emerging Basketball League as Part of Community Engagement Initiatives
NEW YORK, NY, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Chaince Digital Holdings Inc. ("Chaince" or the "Company") (Nasdaq: CD) (formerly Mercurity Fintech Holding Inc.), a blockchain and digital asset-focused holding company, today announced it will serve as Presenting Sponsor for a Wellball VIP League event in New York on December 20, 2025.
The sponsorship reflects Chaince's ongoing commitment to community engagement and brand awareness initiatives in key markets where the Company maintains significant business operations and stakeholder relationships.
"We're pleased to support the Wellball VIP League as they bring this innovative competition to New York," said Wilfred Daye, Chief Strategy Officer of Chaince. "As a Nasdaq-listed company building our presence in the blockchain and digital asset sectors, community engagement and brand awareness are important aspects of our growth strategy. Supporting emerging platforms like Wellball aligns with our values of innovation and connection."
Supporting Innovative Platforms
The Wellball VIP League features a head-to-head, non-contact basketball format that emphasizes shooting accuracy and mental toughness, stripping basketball down to its purest form. The December 20, 2025 event will take place in New York City, with Chaince's branding featured prominently across multiple high-visibility touchpoints.
Event Details
The December 20, 2025 event marks the conclusion of Wellball VIP League's fall season. The event brings together a unique competitive format that appeals to basketball enthusiasts and showcases precision athleticism in an innovative setting. Additional information about the Wellball VIP League is available at www.playwellball.com/vip.
About Chaince Digital Holdings Inc.
“Chaince Digital Brings Finance On-Chain.”
Chaince Digital Holdings Inc. (Nasdaq: CD) (formerly Mercurity Fintech Holding Inc.) is a digital finance and technology company focused on tokenization, on-chain innovation and regulated brokerage services. Through its subsidiaries, including Chaince Securities, LLC, a FINRA-registered broker-dealer, and AI/HPC infrastructure platforms, Chaince provides technology-enabled solutions across distributed computing, business consulting and capital markets services. The Company aims to bridge traditional financial markets with the emerging digital asset economy through compliant, scalable and institutional-grade infrastructure. For more information, please visit www.chaincedigital.com.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
For more information, please contact:
International Elite Capital Inc.
Annabelle Zhang
Tel: +1(646) 866-7928
Email: chaince@iecapitalusa.com
FAQ
What did Chaince (CD) announce about the Wellball VIP League event on December 20, 2025?
Why is Chaince sponsoring the Wellball VIP League event, according to the announcement?
How will Chaince's branding be used at the Wellball VIP League New York event?
What is the Wellball VIP League format being showcased at the December 20, 2025 event?
Does the announcement disclose any financial terms or direct revenue impact for Chaince (CD)?
Where can I find more information about the Wellball VIP League featured in Chaince's sponsorship?
