Gros Islet, Saint Lucia, October 15th, 2024, Chainwire

SingularityDAO, Cogito Finance, and SelfKey have announced a strategic token merger to launch Singularity Finance, an EVM Layer-2 for tokenising the AI economy’s Real World Assets (RWA).

Combining the trio’s complementary technologies will power a platform optimised for Artificial Intelligence tokenisation that will accelerate Web3. Tokenising AI assets such as GPUs and integrating them into existing DeFi applications will create new onchain primitives, enabling more efficient funding sources for AI-driven innovations.

Singularity Finance will bring RWAs onchain using Cogito’s tokenisation framework, creating decentralised markets where users can easily participate with the support of SelfKey’s compliant identity solution. Singularity’s Layer-2 will offer AI-powered financial tools services that enhance and automate analysis, portfolio, and risk management leveraging SingularityDAO’s AI-driven DynaVaults and other technologies.

Cogito Finance CEO Cloris Chen said: “The rapid growth of the AI sector is creating significant opportunities for both institutions and retail participants. However, barriers still exist on both the demand and supply sides, limiting broader participation in the AI economy. By developing our own Layer-2 solution democratising AI-Fi, we can overcome these challenges and remain agile in adapting to an evolving regulatory landscape.”

SingularityDAO co-founder Mario Casiraghi added: “We stand at the intersection of AI and DeFi, where much of the innovation currently taking place within the Web3 space is occurring. AI-Fi harnesses the immense potential of the AI economy by tokenising the AI value chain, creating unprecedented opportunities to access, exchange and monetise these assets.”

As part of the merger, the three existing tokens—SDAO, CGV, and KEY—will be converted into a unified token, SFI, which will serve as the network token for Singularity Finance. Initially, the SFI token will be available on Ethereum and BNB Chain, with mainnet released planned for the first half of 2025 and with the conversion ratios between SDAO, CGV, and KEY set as follows:

• SDAO migration to SFI at a ratio of 1:80.353 (1 SDAO = 80.353 SFI)
• CGV migration to SFI at a ratio of 1:10.890 (1 CGV = 10.890 SFI)
• KEY migration to SFI at a ratio of 1:1 (1 KEY = 1 SFI)

The pricing is based on the 200 days moving average of each token in the period up to 20th August 2024. 

Upon closing of the merger, a leadership council for Singularity Finance will be established to oversee and guide the operations of the newly merged financial ecosystem. The council will be led by Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance; Cloris Chen, CEO of Cogito Finance; and Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO. Following the merger announcement, the community will have the opportunity to participate in a governance vote, which will run from 21 to 31 October.

The merger will address the significant challenges currently faced in the ownership and accessibility of AI-related assets and yield. By leveraging SFI compliant tokenisation infrastructure users will be able to access yield opportunities from compute and AI agents; in addition, AI market participants will be able to foster extra liquidity for their assets thereby making AI and hardware-backed high-quality yield more accessible. Singularity Finance will solve these challenges through its Layer2 including built-in legal frameworks, distribution channels, marketplace, and AI-driven asset management tools.

About SingularityDAO

SingularityDAO is a decentralised Portfolio Management Protocol designed to democratise access to sophisticated crypto asset management tools. The upcoming DynaVaults, multi-asset, multistrategy vaults leveraging AI-enhanced analytics and risk management tools, provide the much needed infrastructure in the volatile world of DeFi.

Learn more: https://singularitydao.ai/

About Cogito Finance

Cogito’s mission is to bring traditional assets onchain for increased liquidity, security, and transparency. It offers a suite of carefully-engineered, fully transparent, and institutional-grade investment products. Led by a team of finance and technology experts, Cogito is pioneering the future of onchain finance.

Learn more: https://www.cogito.finance/

About SelfKey

A blockchain-based identity platform that enables individuals and organisations to securely manage and control their digital identities, enhancing compliance with KYC requirements through decentralised technology. With a team experienced in decentralised identity since 2014 across major companies, SelfKey aims to revolutionise the KYC onboarding process by lowering costs, improving security, and upholding the principles of self-sovereign identity.

Learn more: https://selfkey.org/

Contact

Avishay Litani
pr@marketacross.com

Bangalore, India, October 14th, 2024, Chainwire

India Blockchain Week (IBW), the country’s flagship series of blockchain and web3 events held in Bangalore, is set to return for 2024 after an enormously successful 2023 edition. Spanning from November 30th – December 8th 2024, the web3 festival will feature an array of 100+ web3 events, including flagship events such as IBW2024 Conference, ETHIndia, IBW Demo Day and many other side-events hosted by Indian & global blockchain industry stakeholders.

The IBW2024 Conference, the two-day headline event anchoring India Blockchain Week (IBW), will be held on 4-5 December 2024, 9am-6pm, at the Sheraton Grand Bengaluru Whitefield Hotel & Convention Center. It’s the first-ever platform for Indian Web3 builders and innovators to explore collaboration opportunities with global industry leaders. The main conference is hosted by Hashed Emergent, a web3 venture capital firm dedicated to accelerating the mass adoption of web3 in India and other emerging markets. 

India has ranked #1 in crypto adoption for two consecutive years, as per Chainalysis. The country is playing an increasingly important role in the global web3 ecosystem, accounting for over 12% of the global web3 developer base. It is also home to over 1,000 web3 startups, according to a joint report by Hashed Emergent, KPMG in India, Devfolio, Coinswitch, and Kratos Gaming Network (KGeN). These achievements highlight India’s resilience and enthusiasm for digital assets despite the perception of stringent regulations.

“As a host of India Blockchain Week Conference, we are committed to amplifying India’s thriving web3 landscape on the global stage,” said Tak Lee, CEO & Managing Partner of Hashed Emergent. “Our goal is to foster collaboration across the Indian ecosystem by bringing together local innovators and global stakeholders. We’re excited to return with the second edition of IBW, continuing our work to nurture and grow the web3 community in India and other emerging markets.”

The government of India itself has taken initiatives to leverage blockchain technology for better governance. Its National Blockchain Framework (NBF) aims to secure digital governance with blockchain technology. Meanwhile, the Ministry of Electronics and Information Technology (MeitY)’s Vishvasya-Blockchain Technology Stack offers Blockchain-as-a-Service (BaaS) with a geographically distributed infrastructure designed to support blockchain-based applications.

Moreover, a panel led by the Secretary of the Department of Economic Affairs (DEA) is reportedly working on a consultation paper seeking inputs from stakeholders including industry experts, companies, and the public, on how cryptocurrencies should be regulated in India. In the backdrop of evolving regulations, the IBW Conference will offer attendees insights into the country’s regulatory landscape and its impact on the future of crypto and web3 in India.

The full list of confirmed speakers will be revealed later, but it will include prominent global and local leaders of the blockchain industry such as Aptos Co-founder & CTO Avery Ching, Polygon Co-founder Sandeep Nailwal, Monad CEO Keone Hon, Startale Labs CEO Sota Watanabe, and BitGo COO Chen Fang.

Avery Ching, the Co-founder & CTO of Aptos Labs, commented, “India is home to incredibly talented developers and leaders who are advancing web3 in remarkable ways. It’s inspiring to see the impact builders in India have had on the entire Aptos ecosystem, and I hope to see more builders after our activation at IBW this year.”

Hailed as India’s first and biggest world-class, multi-chain web3 conference with a pan-industry agenda, the IBW Conference will feature 100+ innovators, entrepreneurs, policy makers and thought leaders across the entire spectrum of the blockchain industry engaging in keynote speeches, panel discussions, fireside chats, and moderated debates.

“I am honored to be participating in India’s flagship blockchain and web3 conference. India is at a unique inflection point in web3 adoption, with its thriving developer community, commitment to entrepreneurship, and pace of economic activity. I am excited to speak about opportunities for Monad Labs to collaborate with the local web3 ecosystem in advancing blockchain innovation,” said Monad CEO Keone Hon.

Last year’s IBW Conference featured Vitalik Buterin (Ethereum), Mo Shaikh (Aptos), Emin Gün Sirer (Avalanche), Jesse Pollak (Base), Sandeep Nailwal (Polygon), Sebastien Borget (Sandbox) and others as speakers. The 2023 event was sponsored by Avalanche, Near, Aptos, Polkadot, ICP, Ledger, Sui, dYdX, Berachain, CoinDCX, and Transak.

Some of the key highlights of the gathering include:

• IBW2024 Conference: Held on 4-5 December 2024 at the Sheraton Grand Whitefield, it features keynote speeches and panel discussions on the latest developments and opportunities in the web3 space, and examining the policy landscape. It will also feature stage events and workshops by Aptos, Starkware, and other companies.
• IBW Hackathon: Taking place from 30th Nov – 2nd Dec at the Fortune Select Trinity, Whitefield, the hackathon is expected to see the participation of over 250 enthusiastic individuals. The ten finalists of this chain-agnostic hackathon will get to present their innovative solutions at the conference. Other rewards for participants include bounty prizes and free tickets to the IBW Conference.
• IBW Demo Day: The Demo Day will be held alongside the main conference on the 4th of December. It will spotlight 15 notable Indian web3 startups at the IBW2024 Conference venue. The Demo Day will cater to the broad audience  including investors, founders, builders and others.
• ETHIndia: Organized by Devfolio from Dec 6-8, it is one of the world’s largest Ethereum hackathons, hosting over 1,500 builders and 25+ workshops.

The IBW organizers would like to thank the sponsors for their help in making it the most important event in the country for conversations about crypto, blockchain, web3, and policymaking. The key sponsors include Aptos, Polygon, Starkware and Starknet Foundation, with many more in the process of joining the list to support the event.  

About India Blockchain Week (IBW)

India Blockchain Week (IBW) is a movement unifying the Indian web3 ecosystem and a platform to connect with the global community. It is India’s biggest pan-industry series of blockchain and web3 events, spanning from November 30th- December 8th 2024 across Bangalore, India. IBW is a week-long array of 100+ web3 events, including flagship events such as the headline IBW Conference, ETHIndia, FILBangalore and many other side-events, networking events, workshops, parties etc hosted by Indian & global blockchain industry stakeholders.

The IBW Conference is the two-day headline event anchoring India Blockchain Week (IBW) on 4-5 December 2024 at the Sheraton Grand, Bangalore and hosted by Hashed Emergent – a web3 venture capital firm dedicated to accelerating the mass adoption of web3 in India.

• Buy Tickets 
• Discover Sponsors 
• Check out FAQ  

For more information about IBW, visit:  Website  |  Twitter  |  LinkedIn  |  Telegram

About Hashed Emergent

Hashed Emergent is the venture capital arm of Hashed, backing builders from India and emerging markets shaping the on-chain frontier. It invests at the earliest stages of a web3 startup’s journey, using its expertise, experience, and network to amplify their growth and success. The team is rooted in the cultural hubspots of web3 in emerging markets, spanning across Bangalore, Seoul, Singapore, Lagos and Dubai. Hashed Emergent drives web3 focused ecosystem and community expansion in these markets through its purpose-built initiatives. 

For media queries, please contact: Irshad Ahmed, gm@indiablockchainweek.com

Contact

Irshad Ahmed
gm@indiablockchainweek.com

San Francisco, USA / California, October 10th, 2024, Chainwire

Constellation Network’s “HyDef ‘24” conference will take place on Thursday, October 24, 2024, featuring a free daylong virtual event combined with a live in-person event for a nominal fee at 1 Hotel in San Francisco.

Constellation Network is a unique Web3 framework with new open-source tooling that empowers companies and individuals to build blockchain networks for Big Data, creating trust and transparency around data collection, validation, and transacting. Nicknamed “America’s Blockchain,” Constellation Network actively works with entities such as the U.S. Military, The Digital Chamber, the Texas Blockchain Association, Space ISAC, and the National DigiFoundry. Constellation has been validated and approved by the U.S. Department of Defense through the Air Force Research Laboratory (AFRL) as a, “Scalable, Secure and Defense-Approved Blockchain technology.” 

“So much work has been going on behind the scenes which is why HyDef is a great forum to bring it to the forefront around one action packed event. Since the launch of Metagraphs, it’s been hard to keep up with all the inbound interest from federal, enterprise and academia. We are excited to not only give updates on what has matured but also unveil new expressions that truly separate Constellation apart in the Web3 industry.” – Benjamin Diggles, Constellation Co-founder and CSO

Constellation’s HyDef ‘24 conference will deliver a jam-packed day of ground-breaking insights. Conference sessions cover secure information-sharing in a zero-trust world, the future of finance and blockchain, the evolving regulatory environment, government and blockchain, and much more.

Hackathon-winning projects will be showcased at the event where developers have leveraged Constellation’s big data transaction and validation capabilities to build apps that gather and validate data at scale. These apps feed the data into AI or causal models to give businesses and individuals insights based on more input than we’ve heretofore been able to process.

Another HyDef highlight will be the long-awaited reveal of the details of the working relationship between Constellation and Panasonic. The work the two companies are doing together has the potential to bring Constellation’s technology and blockchain-secured edge computing to the world en masse in a meaningful way.

“The Constellation Community is the backbone to our ecosystem. HyDef is a time for us all to come together, celebrate the progress in our ecosystem, give visibility to our partners, and gear up for the future of Constellation. By bringing together thought leaders, builders, and new product development we paint a picture for new opportunities in distributed networks and the communities that build them.”- Ben Jorgensen, Constellation Co-founder and CEO

The in-person event will be held at the 1 Hotel in San Francisco and will require a nominal $150 fee. Attendees include representatives from Panasonic, the Greer Institute at Intel, Forward Edge AI, venture capitalists, The Digital Chamber, the Constellation leadership team, along with Stardust Collective community leaders.

The virtual event is free to attend with access via livestream to all keynote speeches, panel discussions, and hackathon showcases in real time. Virtual attendees can engage directly with speakers and panelists through Q&A and live chat features, and may connect with other attendees in virtual event spaces.

“Our metagraph application layer just released to the public, and this is the perfect time for us to showcase our Hackathon winners, our partners, and our progress. I’m excited for the chance to bring the industry together in this unique format and share ideas and ways we can work together and build together.”- Altif Brown, Constellation co-founder, Head of Community, and conference organizer

To find out more about the event and register, users can visit stardust’s event site at https://stardust-collective.org/HyDef-Conference

About Constellation Network

Constellation Network, founded in 2017, is a Blockchain ecosystem powered by the Hypergraph Transfer Protocol (HGTP), designed to secure, validate, and process data for Web3 applications. HGTP enables seamless and secure Blockchain communication, akin to how HTTP functions for the web. Constellation’s tools support building Blockchain networks for big data, fostering trust and transparency. Validated by the U.S. Department of Defense via the Air Force Research Laboratory (AFRL), Constellation is recognized as a scalable and secure Blockchain solution.

Website: www.constellationnetwork.io

Twitter: https://twitter.com/Conste11ation

Telegram: https://t.me/constellationcommunity

Contact

Constellation co-founder, Head of Community, and conference organizer
Altif Brown
Constellation Network, Inc.
altif@constellationnetwork.io

Santa Clara, CA, October 10th, 2024, Chainwire

CARV, the largest modular identity and data layer for gaming and AI, today announces the launch of its native utility token, $CARV. Built on Base and available now on 8 centralized exchanges including Bybit, Kucoin, and Bitget, the token marks a significant milestone in CARV’s mission to revolutionize data ownership.

As the governance and participation cornerstone of CARV’s ecosystem—spanning CARV Protocol, CARV Play, and CARV Labs—$CARV empowers holders to actively shape the protocol’s future, share in its success, and truly own, control, and monetize their data. 

Holders can not only engage in decision-making and propose new features but also acquire CARV nodes with 40M tokens allocated to further decentralize the network and generate new revenue streams. Furthermore, CARV also provides a buyback program for the node holders to foster true decentralization. On the strength of CARV’s proven revenue model and high-yield staking opportunities, $CARV presents a compelling case for traders.

“Our TGE is a pivotal moment for CARV as we continue to empower gamers and AI developers to truly control their data,” said Victor Yu, COO of CARV. “With the $CARV token, we are taking another step towards building a fair and transparent data-driven ecosystem.”

The token’s utility extends to millions of gamers through Infinite Play, CARV’s play-to-earn economy, which now incorporates $CARV after three successful experimental seasons and demonstrated high APR staking. Additionally, as CARV advances in AI, web2 companies will use $CARV to access valuable, user-controlled data, creating further demand.

“This is just the beginning—our roadmap includes upcoming airdrops, growing gaming partnerships, and innovative experiences driven by community governance. Of course, none of this is possible without our community, and this is reflected in our tokenomics,” Yu said.

$CARV will launch with a total supply of 1 billion fully released over four years. Half of the total supply is reserved for the community, including 10% allocated across three seasons of airdrops. The token allocation is as follows (with full details about token utilities available here):

• Nodes and Community (50.00%)
• Founding Team and Advisors (~19.46%)
• Early Investors (~9.25%)
• Ecosystem and Treasury (9.00%)
• Private Fundraising (8.30%)
• Liquidity (4.00%)

For users to have their say, CARV also introduces veCARV on Arbitrum, a locked “voting escrowed” version of $CARV that enhances voting power, encouraging long-term staking and community-driven development.

$CARV is available today on the following 8 exchanges: Bybit, KuCoin, Bitget, HTX, Gate, BingX, HashKey Global, and MEXC. More exchanges are to come.

This is proving a pivotal year for the project. In addition to securing $10M in Series A funding, propelling protocol decentralization with a $35M verifier node sale, and launching a $50M accelerator, CARV has demonstrated remarkable revenue generation, a rarity in the web3 space. In the first three quarters of 2024, CARV reported over $43M in total revenue. Today’s token launch marks a new chapter in data empowerment backed by a track record of financial success and technological innovation.

And CARV isn’t done yet for 2024. The team remains busy focusing on its upcoming mainnet release and other key initiatives before the end of the year. These include extending its identity and data layer with decentralized sequencers and data verification, enhancing the ERC-7231 standard by incorporating Merkle trees to improve data processing and privacy, and offering an on-chain database solution for instant identity integration with CARV ID.

For more, see Messari’s latest report into CARV or stay up to date at the blog or Twitter (X).

About CARV

CARV is building the largest modular Identity and Data Layer (IDL) for gaming, AI, and beyond, integrating over 900 games and AI companies, representing more than 30% of all Web3 games, and serving 9.5M+ registered players with 1.3M+ daily active users and 2.8M unique on-chain CARV ID holders. Ranking among the top three globally with 2.1M+ average daily unique active wallets across 40+ chains, CARV has raised $50M in total funding from top-tier investors like Tribe Capital, Temasek Vertex, HashKey Capital, Animoca Brands, and ConsenSys, along with major gaming studios and ecosystems such as MARBLEX (Netmarble) and the Sandbox. The team comprises industry veterans from Coinbase, Binance, Google, and Electronic Arts, all dedicated to revolutionizing data usage in gaming, AI, and beyond.

Contact

COO
Victor Y.
vito@carv.io

New York, US, October 9th, 2024, Chainwire

The Sui Foundation recently announced support for native USDC on the Sui network. As the inaugural and top DeFi & liquidity protocol on Sui, NAVI announced that it will integrate Circle’s native USDC asset on DAY 1. 

With $120M in USDC liquidity, this constitutes the 3rd largest USDC supply in the industry, next to Aave and Compound. The integration of Circle’s USDC stablecoin directly into the Sui network enhances capital efficiency and improves the user experience across the ecosystem. 

This move strengthens Sui’s standing in the blockchain industry, enhancing user experience and promoting wider adoption of the Sui ecosystem through NAVI fully supporting native USDC with a suite of in-application migration features and a capital-efficient native USDC Liquidity Pool, including native USDC liquidity support, flash loan capabilities, among other functionalities.

As more blockchain networks adopt USDC, with Sui being the latest, the role of permissionless composability has fueled the rapid expansion of new applications and blockchain networks by leveraging existing open technologies.

Native vs Bridged USDC on Sui

The introduction of native USDC to the Sui network simplifies transaction processes and enhances liquidity within the ecosystem. Users will now have the ability to access USDC directly on Sui, streamlining workflows and increasing overall value for participants. 

Moreover, with the adoption of Cross-Chain Transfer Protocol (CCTP), users can eliminate delays typically associated with bridge withdrawals, thereby establishing a new standard for blockchain efficiency.

Native USDC offers distinct advantages compared to bridged USDC (wUSDC). Native issuance guarantees that the asset is fully reserved and can always be redeemed 1:1 for US dollars. This adds a layer of trust for developers and users alike, who can rely on the integrity of the underlying asset.

Native USDC on NAVI

In its pursuit to provide the highest level of asset composability on the Sui network, the NAVI Protocol will fully integrate native USDC as a lending and borrowing liquidity pool. As part of a broader ecosystem initiative, NAVI aims to incentivize users to transition away from bridged USDC and adopt native USDC entirely.

NAVI Protocol is committed to delivering the best possible experience for lending and borrowing, which includes the integration of native USDC, fully backed by US dollars and redeemable on a 1:1 basis. The upcoming migration plan is expected to accelerate the adoption of native USDC, thereby contributing to the growth and improvement of the Sui DeFi ecosystem.

A comprehensive migration plan will be shared in the coming days, outlining the steps necessary for a seamless transition.

About Circle

Circle is building the largest, most widely used stablecoin network so billions around the world can access digital dollars for payments and liquidity. The company currently manages USDC, the #2 stablecoin by market cap. It combines the power and stability of US Dollars with the speed of the internet, setting the groundwork for a new global and decentralized financial system. 

About NAVI Protocol

NAVI is the inaugural liquidity protocol native to the Sui network. It seeks to establish the cornerstone for chains based on the Move system and aspires to be the premier liquidity protocol in the Sui DeFi ecosystem.

Contact

Marketing Lead
Ivan Djordjevic
ivan@naviprotocol.io

Lausanne, Vaud, October 9th, 2024, Chainwire

Zyfi has announced the launch of its community sale for whitelisted users and public investors. Zyfi provides the best on-chain experiences, leveraging Paymaster and Intents powered by ZKsync. After successfully completing a $3 million private funding, Zyfi is now nearing its token launch event (TGE) with a final community round to allow early adopters to participate in the Zyfi token journey.

Zyfi has established partnerships with several prominent platforms, including SyncSwap, PancakeSwap, and Koi Finance, to serve as their official paymaster. Zyfi helps them provide the best on-chain experiences, such as gas-free transactions and allowing users to pay gas with any token, whether using EOAs or Smart Wallets.

Zyfi has already processed over 1.5M transactions for more than 200,000 users on ZKsync and has deployed its smart contracts on three other chains: Cronos zkEVM, Abstract (backed by Pudgy Penguins), and PlayFi.

Powered by an API that streamlines protocol complexities, Zyfi’s approach not only simplifies user experiences but also democratizes access, enabling broader on-chain engagement without the hassle of managing ETH for gas.

On October 8, Zyfi revealed a checker to participate in their community sale to purchase their ZFI token. The community sale is divided into two main phases: a Whitelist Phase, offering first access to Zyfi’s partners and community, followed by a Public Phase open to everyone. The Whitelist Phase presents various advantages, such as the opportunity to invest 24 hours before the public sale and receive a 10% cashback in ZK on the investment amount (e.g., $10,000 invested = $1,000 worth in ZK). The Public Phase is open to anyone who believes in Zyfi’s vision of building the best on-chain experiences leveraging Paymasters and Intents, with the same terms as the Whitelist Phase but without the ZK reward.

The checker is now live, allowing users to determine which sale event they can participate in, providing advantages for whitelisted users while giving everyone the opportunity to invest.

The ZFI token is a utility token that can be used to pay gas fees on the Zyfi platform and Zyfi’s integration partners. Holders who choose to pay gas fees with ZFI benefit from a direct 20% discount on the total gas cost, making transactions more cost-effective. Additionally, ZFI is the only way to acquire stZFI, the governance token of the Zyfi DAO. By holding and staking ZFI tokens, users can participate in Zyfi governance, with 30% of the total supply under their control, influencing key decisions such as fee activation, reward allocation, and grant distribution. Stakers will also earn an APY in Zyfi staking points based on their staked amount.

Users can join Zyfi here

About Zyfi

Zyfi is dedicated to enhancing on-chain experiences by utilizing technologies such as Paymaster and Intents. Through these innovations, Zyfi aims to streamline transaction processes and broaden accessibility for users within the digital asset space.

• Documentation: https://docs.zyfi.org/
• dApp: https://zyfi.org
• Telegram: https://t.me/joinchat/3-fAd9pmy9gwODlk
• Twitter: https://x.com/Zyfi_org 
• Discord: https://discord.com/invite/KHchZXmv8Q

Contact

Founder
Gauthier Vila
Ondefy Labs building Zyfi
gvila@zyfi.org

London, United Kingdom, October 9th, 2024, Chainwire

• Stablecoin Standard’s newly introduced set of global standards receives endorsement from a number of stablecoin issuers, including GMO-Z.com Trust Company (‘GMO Trust’), StraitsX and BiLira, that offer G10 currencies including JPY, SGD, TRY & USD
• Standards also endorsed by top ecosystem participants including Fireblocks, Solana, Bitstamp, Zodia Markets and JST Digital

Stablecoin Standard, the industry body for stablecoin issuers globally, today announced that their recently unveiled set of global standards for stablecoin issuers have been endorsed by some of the leading stablecoin issues and ecosystem participants in the industry. Among those who have endorsed are Archblock, BiLira, Bitstamp, GMO-Z.com Trust Company (‘GMO Trust’), JST Digital, Fireblocks, Solana Foundation, StraitsX and Zodia Markets, signaling a new era of cooperation and standardization within the stablecoin industry.

The standards, announced by Beth Haddock, Global Policy Lead at Stablecoin Standard, at the Annual Flagship Event in Singapore, were designed to promote operational resilience, transparency and consistent issuer commitments globally. Stablecoin Standard’s Policy Working Group created the high-level standards that are both general and actionable, while being sensitive to the innovation in the market. 

Beth Haddock, Global Policy Lead at Stablecoin Standard, commented on the endorsements: “Their endorsement not only validates the rigor of our proposed framework but also underscores the importance of creating a stable, transparent, and resilient environment for digital currencies. This milestone, following discussions at our annual meeting, sets a strong foundation for the continued evolution of the ecosystem.”

The endorsement of the standards lays the groundwork for a stablecoin ecosystem that prioritizes transparency, security and consumer protection. With increased scrutiny from regulators and growing demand for digital assets, unified standards can provide clarity and assurance to both industry participants and the public. Stablecoin Standard’s new framework aims to accelerate the adoption of stablecoins by fostering greater confidence among consumers, regulators, and traditional financial institutions.  

Ramy Soliman, Co-Founder of Stablecoin Standard, commented on the endorsements: “The endorsement of our global standards by leading stablecoin issuers such as, BiLira and ecosystem participants, including industry leaders like Solana, Zodia Markets and JST Digital, is a vital step toward establishing a unified, trusted framework for the entire sector. As stablecoins continue to redefine the future of digital payments, these standards will provide the foundation for long-term growth, transparency, and security. This collective commitment—solidified during discussions at our annual meeting—not only underscores the industry’s dedication to fostering innovation but also demonstrates a concerted effort to align with evolving regulatory expectations and build the consumer trust essential for stablecoins to thrive globally.”

Stablecoin Standard and its endorsing members plan to continue refining these standards for implementation with the goal of achieving industry-wide adherence by Q4 2025.

Quotes from Endorsers:

Sinan Koç, Co-founder and CEO of BiLira, commented on their endorsement, “As a stablecoin issuer, BiLira has always prioritized transparency, security, and adherence to high standards, which is why we are proud to endorse the Stablecoin Standard’s newly introduced set of global standards. TRYB is governed with a commitment to uphold these principles, which we believe are essential for fostering trust and stability in the rapidly evolving digital asset space. We support this initiative as a significant step towards a more resilient and unified stablecoin ecosystem.”

Ran Goldi, SVP Payments and Network at Fireblocks, commented on their endorsement, “With more than a dozen stablecoins issued on Fireblocks, we strongly believe standards are the right path for our ecosystem with regard to interoperability and reaching the holy grail of instant liquidity any time, anywhere. SCS is taking a big, bold step, and we proudly endorse and stand with them on this journey.”

Kenny Chan, Head of StraitsX, commented on their endorsement, “As one of the leading regulated stablecoin issuers in Asia, StraitsX is committed to upholding the highest standards of transparency and operational resilience. We are proud to support the Stablecoin Standard’s newly introduced global standards, which will help build greater trust in the stablecoin ecosystem and ensure that digital currencies can be securely and seamlessly adopted by businesses and consumers worldwide. By working collaboratively with key industry participants, we believe these standards will provide a strong foundation for the future of stablecoins, promoting innovation while ensuring compliance with evolving regulatory frameworks.”

About Stablecoin Standard

Stablecoin Standard (SCS) is the industry body focused on setting operational, transparency, and product related standards for stablecoins. The SCS plans to achieve industry wide standards by sharing international best practices, business development use cases, forming industry led working groups defining what a high-quality liquid stablecoin should look like, and engaging with policymakers domestically & internationally. The SCS ecosystem consists of over 30 advisory board members, industry partners and issuers that offer digital currencies in global jurisdictions such as the US, EU, Singapore, Australia, and Turkey – among others.

Users can follow the Stablecoin Standard on LinkedIn and X and to learn more, please visit: https://stablecoinstandard.com/

Contact

Kevin McGrath
stablecoinstandard@mgroupsc.com

Mahe, Seychelles, October 9th, 2024, Chainwire

ATLETA Network, modular, multi-layer blockchain for the sports industry, has teamed up with Bybit, one of the leading global crypto exchanges. This marketing strategic partnership will provide new users with a chance to win incredible prizes: a racing car Porsche 718, wrist watches Rolex, iPhone 16 Pro, and more.

The ATLETA-Bybit Event kicked off on October 3rd, 2024. All participants have the opportunity to secure major rewards by joining, depositing, and trading. Here’s how it works:

1. Those interested can register for the event using the official link.
2. Deposit $100.
3. Open and complete a futures trade in 3 minutes with a trading volume of over $100 ($25 with x4 leverage or $10 with x10). 
4. Hold the funds for at least 7 days without withdrawals.

By completing the task, participants automatically enter the ATLETA-Bybit Lucky Draw. The more participants, the bigger and better the prizes:

• 80 participants: PS5 for 1 lucky winner;
• 200 participants: PS5 + iPhone 16 Pro for 2 winners;
• 1,300 participants: PS5 + iPhone 16 Pro + Rolex for 3 winners;
• 10,000 participants: Porsche 718 + PS5 + iPhone 16 Pro + Rolex for 4 winners.

Once users complete the task, they can claim an immediate $15 bonus via the Bybit reward hub. After the event concludes, all eligible participants will also receive an additional 5 USDT airdrop. 

“The ATLETA-Bybit partnership exemplifies the convergence of cutting-edge blockchain technology and user-centric engagement. It’s an opportunity for our community to experience firsthand the possibilities that arise when blockchain innovation meets tangible rewards. As we prepare for our mainnet, this collaboration shows how ATLETA can create unique, value-driven user experiences. Bybit shares our vision for a future where technology empowers people, and together, we are setting new standards in both industries,” says Alex Grigorev, the CMO of ATLETA.

ATLETA Getting Ready for Mainnet

While the ATLETA-Bybit collaboration gains attention, ATLETA is polishing its platform for full-scale deployment. The Olympia Testnet gave the team a real-world look at ATLETA’s smooth cross-chain interoperability and real-time data tracking. The results impressed the team: with over 800 thousand users and 17,5 million transactions, ATLETA feels it is time to deploy the mainnet.

ATLETA’s mainnet will offer a suite of features:

• EVM compatibility that allows for superfluid capital transfusion and application composability;
• Parachains that can enable all market participants to deploy customized networks on ATLETA;
• XCM functionality that grants independent connected networks with communications capabilities;
• BABE + GRANDPA that ensures secure block building and transaction finality.

At the heart of this system lies the Nominated Proof-of-Stake (NPoS) mechanism, a balanced randomization engine that provides fair grounds for validators and nominators to collaborate and maintain the network integrity while having the chance to earn rewards.

ATLETA’s key features translate into the application layer, where over 5,500 smart contracts have already been deployed to take advantage of the varying feature functionalities:

• Decentralized Exchange (DEX) to trade assets;
• On-Chain Explorer to track and inspect historical transactions, blocks, and smart contracts;
• Digital ID Platform the launchpad and marketplace to participate in IAOs and conduct SportFi activities by trading digital IDs;
• Staking to incentivize network operators with rewards opportunities for securing the network;
• Governance for distributing decision-making power amongst stakeholders to guide the direction of the network’s development and vote on decisions collectively.

“The upcoming mainnet launch is the culmination of months of innovation and relentless pursuit of excellence. It’s where all the potential we’ve built into ATLETA comes to life, and we’re ready to show the world how blockchain can truly transform the sports industry,” emphasized Andrey Didovsky, the CEO of ATLETA.

About ATLETA

ATLETA Network is the first modular, multi-layer, blockchain with native cross-chain interoperability. ATLETA addresses critical challenges of transparency, fairness, and trust in sports. Leveraging blockchain technology, ATLETA enables an immutable, tamper-proof infrastructure for athlete performance data, contracts, and health records.

Backed by the Blockchain Sports Ecosystem, which integrates AI analytics, performance tracking, VR, and blockchain technology, ATLETA is contributing to a foundation for a more fair, transparent, and innovative future for sports worldwide.

Contact

PR Manager
Polina Krischanovich
ATLETA Network
p.krischanovich@atomgroup.io

Singapore, Singapore, October 8th, 2024, Chainwire

• Bitstamp has listed a Singapore Dollar-pegged stablecoin, XSGD, for the first time
• The partnership between StraitsX and Bitstamp means users can now seamlessly send and receive the SGD-backed stablecoin across borders with confidence

StraitsX, the pioneering payments infrastructure for the digital assets space in Southeast Asia, has today announced the listing of XSGD, its Singapore dollar-pegged stablecoin, on Bitstamp, the world’s longest-running cryptocurrency exchange. 

This strategic partnership marks a significant step forward in enabling the mass adoption of XSGD across global markets, and sets a new benchmark for stable, efficient, and secure digital currency transactions. XSGD, backed 1:1 to the Singapore dollar (SGD) and fully backed by reserve assets, offers unparalleled transparency and stability for users in global markets. 

Unlocking Global Cross-Border Payment Flows

Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems. With the listing of XSGD on Bitstamp, users can now seamlessly send and receive SGD-backed stablecoins across borders with confidence. This development addresses the demand for faster, more cost-effective global transactions, reducing the complexities of conventional financial systems. 

By offering greater financial inclusion and opening access to new markets, XSGD will drive digital asset adoption and accelerate innovation in cross-border payments. With enhanced liquidity on a global platform like Bitstamp, XSGD users can enjoy reduced transaction costs, faster settlement times, and access to competitive exchange rates for cross-border payments. This will drive greater financial inclusion and empower businesses to tap into new markets, creating a frictionless ecosystem for global commerce.

XSGD will be available via Bitstamp globally, except in US and EU countries.

“The listing of XSGD on Bitstamp is a pivotal moment in our mission to bring StraitsX’s stablecoins to the global stage. By improving liquidity and accessibility, we are enabling faster, more transparent, efficient, and cost-effective on-chain cross-border payment flows. This will transform how individuals and businesses transact internationally, unlocking new opportunities for financial inclusion and global trade,” said Jason Tay, Head of Commercial at StraitsX.

“We are excited to list XSGD, a stablecoin with immense utility across the APAC region, to our Bitstamp platform. As demand for stable, reliable digital assets continues to grow, the addition of XSGD enhances our platform’s liquidity and provides our global users with a trusted SGD-backed asset. This further supports the widespread adoption of stablecoins for cross-border payments and other financial transactions worldwide,” said Leonard Hoh, General Manager for APAC at Bitstamp.

Driving Adoption of Stablecoins

The listing of XSGD on Bitstamp highlights StraitsX’s commitment to advancing the digital assets and payments landscape across Southeast Asia and beyond. By combining the speed, transparency, and decentralisation of digital assets with the stability of a fiat-backed asset, XSGD is positioned to drive mass adoption. This trusted and secure stablecoin offers users a reliable solution for global cross-border payments, making it a pivotal tool for the future of digital transactions. 

About StraitsX

StraitsX is the pioneering payments infrastructure for the digital assets space in Southeast Asia. StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore and offers personal and business account holders to mint and redeem StraitsX stablecoins, manage payments as well as connect their accounts to digital asset platforms. Business accounts can also access B2B API-enabled payment rails for digital asset platforms.

About Bitstamp

Bitstamp is the world’s longest-standing cryptocurrency exchange, continuously providing safe and open access to crypto since 2011. With a proven track record and mature approach to the industry, Bitstamp provides a secure and transparent trading venue to over five million individuals and is the preferred choice for a range of institutional clients seeking a trusted partner to participate in crypto markets. Bitstamp is a sector leader in both security and compliance, with more than 50 licences and registrations secured with financial regulators across the globe. 

More info is available at https://www.bitstamp.net/ 

Contacts

StraitsX
straitsx@wachsman.com

Bangkok, Thailand, October 7th, 2024, Chainwire

Staking Summit 2024, the largest international staking event for the blockchain industry in the world, has released details of its headline speakers. The November 8-9 event in Thailand’s capital of Bangkok will feature guest speakers who operate on the frontlines of the crypto staking economy.

Hosted by crypto staking explorer Staking Rewards, the summit returns for its third consecutive year this November. Headline speakers confirmed for the two-day conference include Osmosis founder Sunny Aggarwal, Babylon Labs Co-Founder Fisher Yu, and MANTRA CEO John Patrick Mullin.

Other headline speakers announced for the event are Symbiotic CEO Misha Putiatin, Chorus One CEO Brian Crain, and Ethena Labs Founder Guy Young. Tarun Chitra – CEO of Gauntlet – and Blockdaemon CEO Konstantin Richter will also appear along with StarkWare’s Noam Nisan.

In addition to revealing the headline speakers, who will discuss all aspects of the multi-billion dollar staking industry, Staking Summit has shared other highlights for the 2024 event. Delegates will be able to take part in a treasure hunt in partnership with Dappnode and Ledger featuring prizes from each company. Through completing special quests, participants will have an opportunity to win one of more than 30 prizes.

VIP attendees, meanwhile, will receive exclusive Columbia fleece jackets they can take home with them should Bangkok prove too warm to put them to the test. VIP ticket holders will also enjoy exclusive access to all side events, private meeting rooms, and a welcome dinner with speakers, sponsors, and media partners.

Key tracks for Staking Summit have also now been confirmed including the following highlights: Bitcoin Staking, Staking Beyond Consensus, Restaking, Institutional Staking, and Profitability of Staking. From EVM to Solana and Bitcoin to Cosmos and L2, the conference will encompass every aspect of the rapidly growing staking industry. 

More than 40 sponsors have been confirmed for Staking Summit 2024 including headline names such as Coinbase, Babylon, Lido, Symbiotic, A41, Puffer, and TRES. Many of the event sponsors are returning for their third consecutive year. Other highlights scheduled for the Bangkok conference include the first ever staking conference karaoke featuring top headliners.

Set to be hosted at the Siam Kempinski Hotel in Bangkok, the 2024 Staking Summit promises to be the largest event of its kind. Tickets including VIP passes are on sale now.

About Staking Summit 2024

Hosted by Staking Rewards and backed by 40+ sponsors, the Staking Summit welcomes hundreds of delegates to Bangkok for two days of talks, discussions, and side events. The event will help to shape the future of staking and unite PoS protocols, validators, and investors to network and exchange ideas that will help accelerate the growth of Proof of Stake.

Learn more: https://www.stakingrewards.com/summit

Contact

Mia Adriaens
events@stakingrewards.com