Dubai, UAE, May 15th, 2025, Chainwire

Falcon Finance, a next-generation synthetic dollar protocol backed by DWF Labs, announced it has surpassed $350 million in circulating supply of its overcollateralized digital asset, USDf. This milestone underscores the protocol’s rapid ascent within two weeks from public launch as a credible, transparent, and scalable solution for on-chain dollar demand. 

The announcement follows a strong wave of adoption since Falcon’s public launch, building on momentum two weeks from a successful closed beta that accumulated over $200 million in Total Value Locked (TVL). USDf is now actively minted, staked, and traded across Ethereum, with liquidity available on leading decentralized exchanges including Uniswap, Curve, and Balancer, as well as centralized platforms such as Bitfinex.

“This achievement reflects both user confidence and market demand for secure, yield-generating digital dollars,” said Andrei Grachev, Managing Partner at Falcon Finance. “In surpassing $350 million, Falcon reinforces its role as a core building block for the future of programmable finance.”

The growth in USDf circulation also comes shortly after the launch of Falcon’s transparency page, which offers users full visibility into the protocol’s collateral composition, reserve distribution, and third-party audit data. This includes breakdowns of reserves held with institutional-grade custodians through Fireblocks and Ceffu, mirrored trading positions on centralized exchanges, and on-chain deployment across staking and liquidity protocols.

Falcon Finance’s design emphasizes asset safety and operational transparency, with the majority of reserves secured in MPC-based wallets and subject to quarterly third-party attestations. The protocol’s first audit reports from Zellic and Pashov Audit Group were first released in Q1 2025, with additional reports scheduled on a rolling basis.

USDf can be minted using a wide range of collateral, including USDT, USDC, ETH, BTC, SOL, TON, NEAR, and other supported tokens. Staked USDf is converted into sUSDf, a yield-bearing asset that offers users approximately 15 percent APY, with the potential for enhanced returns through Falcon’s Boosted Yield NFTs.

As part of its long-term user growth strategy, Falcon also launched Falcon Miles, an ecosystem-wide points program that rewards user activity across minting, staking, and asset holding. The program is set to expand to additional on-chain integrations, including lending markets and tokenized yield protocols, as the Falcon ecosystem continues to evolve.

With cross-chain deployments and new collateral integrations underway, Falcon Finance is advancing toward its mission of building a robust foundation for synthetic digital dollars.

For more information, please visit www.falcon.finance.

Contact

Managing Partner
Andrei Grachev
press@falcon.finance

San Francisco, California, May 8th, 2025, Chainwire

Microsoft-backed Space and Time is the blockchain for ZK-proven data.

Space and Time, the Microsoft-backed blockchain for zero-knowledge (ZK)-proven data, is live on its public, permissionless mainnet. 

Space and Time is designed to deliver ZK-proven data to smart contracts to power a new generation of data-driven crypto applications. It indexes data from other major blockchains, including Ethereum, and stores it across a decentralized network of database validators. Developers can access, query ZK-prove and connect this data back to their smart contract using Proof of SQL, Space and Time’s sub-second ZK coprocessor for SQL database queries. 

“Prior to Space and Time, onchain applications had no way to query basic user data from a database of blockchain activity without introducing security risks and tampering. In addition, enterprises had no way to securely connect their cloud databases with smart contracts. Today we’re thrilled to announce the mainnet launch of Space and Time, which will empower developers to build sophisticated, data-driven onchain applications secured by cryptographic proofs,” said Scott Dykstra, Contributor #001 at Space and Time. 

Smart contracts today can’t natively access historical, cross-chain or offchain data, which limits the complexity of onchain apps. The next wave of onchain innovation—spanning everything from dynamic financial instruments to data-rich AI agents and tokenized real-world systems—will require a trustless database layer for complex data retrieval. Space and Time enables this with a verifiable, decentralized database network that gives smart contracts the ability to query the full history of Ethereum and beyond.

Space and Time was created by MakeInfinite Labs, a frontier protocol research lab that is backed by Microsoft and working alongside major financial institutions. In addition to its work on Space and Time, the firm has developed key technologies to the broader crypto ecosystem, such as Proof of SQL, Blitzar, an Elastic Network ZK Chain for Space and Time, and Chainlink DeFi Yield Index.

“At MakeInfinite Labs, we’re focused on building foundational infrastructure to enable the next generation of crypto applications. Contributing core technologies like Proof of SQL and the original architecture of Space and Time is part of that vision. We’re excited to see the ecosystem take this work forward and unlock new possibilities for verifiable, data-driven applications,” said Nate Holiday, CEO of MakeInfinite Labs & Co-Founder of Space and Time.

Space and Time is secured by a decentralized set of validators, and anyone can contribute to the network by providing high-quality datasets, staking or running a validator node. 

About Space and Time

Space and Time is the blockchain for ZK-proven data, which enables smart contracts to trustlessly access and compute over data from any chain or source. Powered by Proof of SQL, a sub-second ZK coprocessor, Space and Time empowers developers to build more intelligent, data-rich applications with verifiable data.

For more information, visit: Website | X | Discord | Telegram | LinkedIn | YouTube

For media inquiries, please contact: marketing@spaceandtime.io

About MakeInfinite Labs

MakeInfinite Labs is a frontier protocol research lab contributing to some of the most prominent protocols and ecosystems across crypto, including the creation of Space and Time. MakeInfinite Labs raised $50 million from Microsoft’s M12 Ventures and other leading investors to build the infrastructure that enables developers and creators to build data-driven applications, tokenize and monetize and win in the AI economy.

For more information, visit: Website | X | LinkedIn

For media inquiries, please contact: marketing@makeinfinite.com

Contact

Catherine Daly
marketing@spaceandtime.io

Leadership transition and new organizational structure reinforce commitment to core technology and enhanced governance

SAN FRANCISCO, May 7, 2025 /PRNewswire/ — Movement Labs, a Web3 company and core contributor of the Movement Network, today announced the establishment of Move Industries by two Movement employees. The newly formed Move Industries has been established to ensure a more simplified and focused operational structure, including new executive leadership.

Torab Torabi, a founding member of Move Industries, will lead the company as CEO. In addition, Will Gaines will serve as President and Chief Marketing Officer and Young Yang Liauw will continue overseeing engineering. Mr. Liauw brings significant blockchain engineering expertise from his time at Aptos as Head of Move along with positions at Novi and Meta, where he worked on the Libra team.

Move Industries is committed to maintaining Movement’s position as a leading Move-based blockchain ecosystem. Move Industries’ three core pillars are Community/Brand, Engineering/Product, and Ecosystem/Business Development. The new endeavor will operate with enhanced accountability measures, providing a stronger foundation for the Movement ecosystem’s future growth and success.

“Today marks the beginning of an exciting new chapter for the Movement,” said Torabi. “We are putting in place the structures needed for our company to thrive, which includes a full commitment to our ecosystem builders and community. They are at the heart of everything we do. Our team remains heads down, improving chain performance, increasing economic activity on-chain, and supporting the incredible projects being built on the Movement Network. We will continue full steam ahead to fulfill our promises.”

Movement Labs has also terminated Co-Founder Rushi Manche.

Additionally, Co-Founder Cooper Scanlon is voluntarily passing the torch to Torab Torabi, to lead Move Industries.

“It has been an incredible journey bringing the Movement vision to life and I’m immensely proud of what we’ve built together,” said Scanlon. “Torab has been instrumental to Movement’s development from the beginning, and I have complete confidence in his leadership abilities and vision for the future. I will continue to support the Movement and advocate as the team writes this next chapter.”

Move Industries will operate under improved governance, including expanded board oversight and transparent decision-making processes.

“The Movement community has stood with us through both triumph and challenge,” said Gaines. “With Move Industries, we’re returning to our founding principles: self-sovereignty, creativity, and systems that serve people. This next chapter will ensure we continue building world-class infrastructure, world-class businesses and a world-class movement.”

About Move Industries

Move Industries is building a community-first Move-based blockchain ecosystem. Led by a team of industry veterans, Move Industries maintains a dual focus on technology and community. The organization intends to return to crypto’s radical roots: giving financial power and opportunity back to the people.

TAIPEI, May 5, 2025 /PRNewswire/ — CoolBitX officially introduces CoolWallet Go, a minimal, ultra-portable cold wallet designed for new crypto users and seasoned holders alike. It’s a next-generation card wallet focused on simplicity, cost-efficiency, and everyday utility—without compromising on security fundamentals.

Pre-Order Offer (April 21 – May 10)

CoolWallet Go is now available for pre-order at $59.99 USD for a 2-card set. Customers can optionally add a lifetime warranty plan for $39 USD per set—a rare offering in the cold wallet space.

Simple, Secure, and Built for Daily Use

CoolWallet Go is built around a CC EAL6+ certified secure element, a proven protection standard used in many high-assurance security chips. The wallet’s minimalist design includes no screen, no buttons, no battery, and no Bluetooth pairing, relying instead on tap-to-sign NFC to streamline transactions.

The device generates private keys directly on-card, minimizing exposure during wallet setup. Users manage assets via the CoolWallet App, with integrated support for Bitcoin, Ethereum, 40+ blockchains, and EVM-compatible tokens.

Security and Risk Awareness by Design

CoolWallet Go has undergone independent third-party security testing and has been continuously reviewed through a public bug bounty program over the past two years. No vulnerabilities have been found that compromise the safety of users’ private keys or assets. CoolBitX remains committed to continuous security improvement and transparent security practices.

Optional Lifetime Warranty Plan

CoolWallet Go introduces a unique warranty add-on that provides long-term coverage for registered users:

• Coverage is per 2-card set, with a quota of free replacements per year.
• Registration is required within 30 days of purchase.
• Shipping costs for replacements are customer-borne.
• Warranty resets yearly and is not cumulative.

This initiative reflects CoolBitX’s commitment to sustainable product longevity, moving beyond traditional short-cycle hardware support.

Built for Beginners, Trusted by Pros

CoolWallet Go is ideal for:

• First-time hardware wallet users transitioning from exchanges or hot wallets.
• Experienced holders looking for a compact, secure backup or daily-use wallet.

Shipments begin mid-May.

Pre-order and learn more here: https://reurl.cc/Lanld7

Download the CoolWallet App

• Google Play
• Apple App Store

About CoolWallet

CoolWallet is a pioneering hardware wallet brand that offers a secure and convenient solution for storing and managing digital assets in the Web3, DeFi, and NFTs arenas. The company’s flagship product, the CoolWallet Pro, is a credit card-sized device that combines the security of a hardware wallet with the convenience of a mobile device. With its unique design and advanced security features such as an EAL6+ secure element, biometric verifications, and military-grade Bluetooth encryption, CoolWallet is committed to providing a safe and user-friendly platform for crypto users worldwide.