Victoria, Seychelles, December 15th, 2024, Chainwire

Bitget is excited to announce the listing of the LaunchX project Fuel Network (FUEL).

Bitget LaunchX is an innovative token distribution platform designed for the Web3 community. It enables users to discover promising projects early and gain access to project tokens during their launch stage.

Head to LaunchX

About the project

Fuel combines several innovative features in order to bring new capabilities to the Ethereum ecosystem, without making any compromises. Fuel rollups have parallelized transaction execution, native account abstraction, and support for wallets of all networks.

Fuel Ignition delivers high throughput (>600 TPS) and cost efficiency (minimum cost of <$0.0002 per transaction), making it a leading Optimistic rollup on Ethereum. Since launch, Fuel Ignition has surpassed $400 million in total value locked (TVL).

Fuel Network LaunchX details

● Coin name: Fuel Network (FUEL)

● Total supply: 10,000,000,000 FUEL

● LaunchX volume: 275,000,000 FUEL (2.75% of total supply)

● Exchange rate: 1 FUEL = 0.02 USDT

● Commitment method: USDT

● Individual hard cap (USDT): 5000

● Individual min. commitment (USDT): 20

● Individual subscription cap (FUEL): 250,000

How LaunchX works

1. LaunchX adopts a commitment-subscription model. The more committed, the larger the subscription share!

2. Bitget LaunchX participants can calculate their new coin allocation according to the following formula: new coin allocation for a user = (user’s commitment amount ÷ total commitment amount of all users) × total tokens sold in the current LaunchX promotion.

3. The commitment amount for each user cannot exceed the individual commitment limit, and the allocation of new coins to each user cannot exceed the individual subscription limit.

How to participate:

1. Logging in to Bitget account.

2. Web: Clicking on Launchhub in the navigation bar, and selecting LaunchX from the dropdown menu, or visiting here for quick access. App: Opening the Bitget app, tapping LaunchX in the quick access section, or finding LaunchX under More.

3. Visiting the project’s details page. If the project is in the subscription phase, tap Subscribe Now and enter a commitment amount in the pop-up window, and tap Confirm. If the subscription period hasn’t begun, please check back later.

4. After the subscription is complete, the coins will become viewable in the spot account following the distribution. If the amount of new coins received from the subscription is less than the actual commitment amount, any excess funds will be unlocked and returned to the spot account after the distribution period ends.

Fuel Network (FUEL) LaunchX timeline

Subscription phase: December 17, 02:00 – December 19, 02:00 (UTC)

FUEL distribution phase: December 19, 02:00 – December 19, 10:00 (UTC)

FUEL/USDT spot trading listing time: December 19, 10:00 (UTC)

Notes:

   1. What are the requirements to participate in LaunchX?

To ensure a safe and compliant environment, Bitget LaunchX requires all users to complete identity verification. Sub-accounts and restricted accounts are not eligible to participate.

   2. How much can users commit in LaunchX and how many new coins can users subscribe to?

Each LaunchX public sale has an individual commitment limit, which cannot be exceeded. Additionally, there may be an individual subscription limit, specifying the maximum number of new coins one can acquire in each public sale.

   3. When can the new coins be expected after committing?

The new coins will be calculated and distributed before the distribution period ends. Due to batch processing of data, there may be a delay in the distribution. Bitget appreciates the users’ patience. LaunchX income and expenses can be tracked in Assets > Spot Account > Spot Records.

    4. Can users withdraw committed funds at any time?

No, once committed, the funds cannot be withdrawn at any time. After the new coins are distributed, if the number of new coins received is less than the actual committed amount, any excess funds will be unlocked after distribution.

 Terms and conditions

1. Users must complete identity verification to participate in the promotion.

2. All participants must strictly comply with Bitget’s terms and conditions.

3. Sub-accounts, institutional accounts, and market maker accounts are not eligible for the promotion.

4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found.

5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion.

6. Bitget reserves the right of final interpretation of the promotion. Users may contact customer service if they have any questions.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget

Disclaimer

Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.

Users can sign up on Budget Now >>>

Follow Bitget on Twitter >>>

Join the Bitget Community >>>

Contact

Public Relations
Media
Bitget
media@bitget.com

Singapore, Singapore, December 13th, 2024, Chainwire

Cross-chain web3 collective network Astar has unveiled Astar Surge, its Pre-Deposit Campaign designed to accelerate integration with Soneium. Launching on December 18, the initiative offers ASTR holders an opportunity to earn rewards while contributing to the growth of Astar’s expanding web3 ecosystem.

As part of Astar Surge, ASTR holders can deposit their tokens into dedicated contracts on Astar’s Layer 1 network. In doing so, participants will accumulate points for each participating Soneium dApp. These points can later be redeemed for project tokens during their respective Token Generation Events (TGEs), adding a tangible incentive for early adopters.

“Astar Surge represents a significant milestone in our mission to connect people to web3 and bring this technology to billions. By empowering our community with early access to groundbreaking Soneium dApps, we’re not only accelerating ecosystem growth but also ensuring a seamless transition to Soneium’s infrastructure. This collaboration underscores our commitment to driving global adoption of the Astar Network and its representative token, ASTR, creating lasting value for all current and future holders.”

— Maarten Henskens, Head of Astar Foundation

Key Soneium projects including Yay!, Sake Finance, Untitled Bank, SoneX, and Kyo Finance are collaborating with Astar to deploy pre-deposit contracts, each benefiting from increased Total Value Locked (TVL) and heightened visibility ahead of the Soneium mainnet launch. The Pre-Deposit Campaign will ensure that liquidity is readily available for migration to Soneium’s infrastructure, laying the groundwork for a robust ecosystem from day one.

Security is a cornerstone of the Pre-Deposit Campaign, with contracts developed by Sake Finance and audited by leading blockchain security firm PeckShield. Utilizing ERC-6551 token bound accounts, the system ensures users retain ownership of their tokens while facilitating a seamless transition to Soneium’s mainnet. Upon depositing ASTR or ASTR LST, a token-bound smart contract account is created, locking the assets until the mainnet launch. The NFT tied to the account remains under the user’s control, guaranteeing ownership throughout the process.

After the Soneium mainnet launch, users can unlock their assets by signing a transaction to update the bridge contract utilizing interoperability protocols such as LayerZero and Chainlink CCIP. This allows seamless bridging of assets to Soneium and deposits into designated protocol contracts, guided by customized logic, for a secure and efficient transition.

Ecosystem projects will benefit from increased visibility and liquidity, with pre-deposit contracts designed to create a robust foundation for the upcoming Soneium mainnet. Regular community updates, including project highlights and interactive AMA sessions, will keep participants informed and engaged throughout the campaign.

The Pre-Deposit Campaign follows Astar’s decision to expand to Soneium’s Superchain ecosystem and become a chain-agnostic web3 service provider. Making the ASTR token available on Soneium’s Ethereum L2 will be one of the first steps in realizing this goal, paving the way for a successful Soneium mainnet launch.

About the participating projects

• Sake Finance: Sake is all about making decentralized finance easier, offering smooth asset swaps and exciting yield farming opportunities for Astar users.
• Yay!: Yay! brings a fun, social twist to web3, combining community-driven features with decentralized finance on Soneium.
• Untitled Bank: Untitled Bank is creating a more inclusive financial space on Soneium, offering services like lending, borrowing, and staking to everyone in the ecosystem including ASTR holders.
• SoneX: SoneX is making it easy to swap tokens with speed and security, all while boosting liquidity and scalability within Soneium’s growing ecosystem.
• Kyo Finance: Kyo Finance helps users maximize their capital with advanced DeFi tools, including leveraged yield farming and staking available for the ASTR token.

About Astar Network

Astar Network connects you to web3 as the premier gateway for projects spanning enterprises, entertainment, and gaming in Japan and beyond, driving global adoption and bringing web3 to billions. Powered by Polkadot, Astar utilizes a multi-layered tech stack to offer customizable blockchain solutions that support both EVM and WASM. With this robust framework, Astar accelerates the expansion of web3 technology worldwide. Recently, Astar announced the transition of Astar zkEVM to Soneium, an Ethereum Layer 2 solution developed by Sony Block Solutions Labs. This shift is set to extend web3 experiences to a wider audience, seamlessly bridging the gap between web3 and web2 users.

For more information, visit Astar’s: Official Website | Twitter | Discord | Telegram

Contact

PR at Startale Group
adria.garcia@startale.com

Singapore, Singapore, December 13th, 2024, Chainwire

LBank Labs, in collaboration with MetaEra and Bee Network, has jointly published its latest report titled “2024 Memecoins Report: From Controversial Narrative to a $100B Market.” The report highlights a paradigm shift in the memecoins, which have evolved from short-term speculative assets to a sophisticated market with a total capitalization exceeding $100 billion.

The memecoins market has demonstrated significant growth in 2024, with the Benchmark index surging 279.8%, outperforming assets like Bitcoin (118.9%) and gold (27.4%). This growth reflects not merely speculative interest, but a fundamental transformation in how memecoins are perceived and valued in the crypto industry.

This notable market expansion has been fueled by two game-changing developments: breakthroughs in infrastructure and an explosion in memecoins cultural diversity. The emergence of specialized platforms like Pump.fun has dramatically simplified memecoins creation and trading, sustaining market momentum throughout this cycle. 

In this flourishing landscape, Solana and Ethereum have become the go-to destinations for memecoins. Ethereum remains the bedrock for established memecoins, and Solana has become the platform for new launches due to its agility in capturing market momentum. The numbers speak volumes: the market capitalization of Ethereum’s memecoins reached $34 billion, and Solana’s at $20.4 billion. Together, they account for nearly 47% of the total memecoin market.

Alongside infrastructure advancement, the diversification of memecoins culture has emerged as another powerful market driver. These memecoins generally fall into four main types: Cult memecoins built on strong community consensus; the Animal memecoins that started it all; Trending event memecoins that capture hype; and the AI-themed memecoins that combine technology. Notably, these categories have begun to overlap as the market matures, creating more sophisticated memecoins narratives.

This maturation has sparked a dramatic shift in market sentiment. What began as a retail-driven phenomenon has gained institutional traction, with major players like DWF Ventures, Pantera Capital, Franklin Templeton, and VanEck embracing the value of memecoins and adopting a more open attitude toward the memecoins market.

Cryptocurrency exchanges have pivoted in response, racing to capture the memecoins market. In the competitive landscape of cryptocurrency exchanges, LBank cryptocurrency exchange has shown strong performance in the memecoins market through strategic timing and efficient execution. The numbers reflect this approach: with 281 memecoins listings in 2024 accounting for 34% of its total listings, followed by Gate.io (62) and Bitget (46). Notably, all top 10 trending memecoins identified in LBank’s previous “Top 10 Trending Memecoins of 2024” report were successfully listed on the platform. The performance of GOAT (29,900%), MOODENG (6,746%), and ACT (7,860%) on LBank reflect its ability to identify and support promising projects at their earliest stages.

Analysis of major meme projects reveals LBank’s competitive positioning in the market. While established exchanges like Binance and OKX command larger trading volumes, LBank’s strategy of early listing and active support has created significant value for traders. This is particularly evident in projects like GOAT and MOODENG, where LBank’s early market entry and trading metrics have matched or exceeded those of larger exchanges, demonstrating its effectiveness in identifying and supporting emerging projects.

LBank’s strategic focus on the memecoins market has proven effective, contributing to its milestone achievement of reaching 15 million global users. The launch of its slogan “Discover The Era of Meme Legends” in early 2024 has resonated strongly with the market evolution. As memecoins continue to mature, LBank cryptocurrency exchange remains committed to its strategic approach, introducing innovative initiatives and fostering market development to drive the next phase of industry growth. 

About LBank

Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users in more than 210 countries and regions. With a daily derivatives trading volume of more than $67 billion and support for over 800 cryptocurrencies, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets. 

As a pioneer in the Meme coin market, LBank Crypto Exchange has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As an industry leader in first-time Meme coin listings, the LBank cryptocurrency exchange has become a go-to platform for Meme coin investors.

Users can follow LBank for Updates 

Website: https://www.lbank.com/  

Twitter: https://twitter.com/LBank_Exchange

Telegram: https://t.me/LBank_en

Instagram: https://www.instagram.com/lbank_exchange  

LinkedIn: https://www.linkedin.com/company/lbank

For media requests, users may contact: Email: press@lbank.com

Contact

PR & Communications Team
LBank
press@lbank.com

Miami, Florida, December 12th, 2024, Chainwire

Transak, a global leader in Web3 payments infrastructure, has officially launched Transak Stream, a groundbreaking innovation that redefines the crypto-to-fiat off-ramping experience. This new product delivers unmatched simplicity, making stablecoin and cryptocurrency conversions to fiat as seamless as sending a token between wallets.

Imagine this: A user with a Web3 wallet wants to withdraw $1,000 USDC. All they need to do is send their crypto to their unique Transak Stream Address. Within seconds, the equivalent fiat amount is deposited into their bank account or card— no order placement, no need to open additional apps, no widget.

Click here to see Transak Stream in action

Such a smooth, hassle-free process transforms the off-ramp experience, making it incredibly user-friendly while offering wallet partners and platforms a competitive advantage, i.e., enhanced user retention, higher conversions.

“Our goal was simple, yet ambitious — make crypto as intuitive as cash. Transak Stream is a giant leap in that direction. It makes crypto transactions feel as natural as everyday payments,” said Sami Start, CEO of Transak.

The Future of Off-Ramping: One Step, Instant Cash-Outs

Transak Stream revolutionizes the off-ramping process by reducing it to a single step:

1. Send Stablecoins or Crypto: Users simply send their assets to their unique Transak Stream Address.

2. Instant Fiat Payout: The fiat equivalent is instantly deposited into their linked bank account (SEPA, FASTER) or card (Visa/Mastercard).

This innovative approach streamlines the traditionally cumbersome multi-step off-ramping process. Transactions that once took ~5 minutes or more are now completed in seconds, making it easier to integrate stablecoins and crypto into real-world financial use cases. In a live test, Transak compared its standard off-ramp with the new Transak Stream. The results were striking: while the standard process took approximately 4 minutes, Stream enabled cash-outs in just 19 seconds.

“Transak Stream bridges the gap between crypto and fiat with the simplicity users deserve and the compliance businesses demand,” said Yeshu Agarwal, Co-Founder & CTO of Transak. “With Visa Direct and stablecoins like USDC at the core, we’re creating an ecosystem where crypto becomes as easy to use as traditional money.”

Limitless Use Cases For Web3: Transforming Payments, Payroll, And More

The technical innovation behind Transak Stream is one of the industry’s biggest for consumer-level crypto accessibility. By enabling near-instant conversions, this new product unlocks use cases across remittances, payroll, gaming, and more.

• Global Remittances: Migrant workers can send stablecoins to family members, with funds seamlessly deposited into local bank accounts as fiat, eliminating traditional remittance fees and delays.
• Payroll Automation: Companies can pay employees globally in stablecoins, which convert automatically into local fiat for immediate access.
• Instant Payouts for Freelancers and Creators: Freelancers earning in stablecoins can access their earnings in fiat within minutes, ready to spend or save.
• Bank-Enabled Crypto Off-Ramping: Banks can integrate Transak Stream to offer their customers direct crypto-to-fiat conversion within their existing banking apps, creating seamless flows and engaging crypto users.
• AI-Driven Financial Automation: Apps can leverage AI-powered tools to automate financial flows. For example, a task management app could verify completed milestones and trigger automated payouts in fiat using Transak Stream.
• Web3 Gaming: Enable seamless in-game asset payouts directly to players’ bank accounts in seconds.
• Recurring Payouts: From lending to staking, get recurring yield payouts directly to bank or card.

Key Features of Transak Stream

Whether you’re a freelancer cashing out earnings, a business automating payouts, or a developer integrating next-gen financial flows, Transak Stream sets a new benchmark for speed, accessibility, and global reach.

1. One-Click, Crypto-To-Cash: Users send crypto to their unique Transak Stream Address, and fiat is deposited directly into their bank accounts or cards- within seconds.
2. Global Reach: Transak Stream leverages Visa, Mastercard and a network of all localized banking providers (SEPA, FASTER, more coming soon) to deliver real-time payouts in over 145 countries, ensuring users have instant access to their funds.
3. Broad Asset Compatibility: Supports 40+ popular cryptocurrencies and stablecoins such as USDC, USDT, BTC, ETH, and SOL across 29+ major blockchain networks.
4. Designed for Developers: Partners can just pass 5 mandatory query params and enable Stream for their app also available with robust APIs and fully customizable capabilities to enable platforms to integrate one-click off-ramping, enhancing user retention and engagement.
5. Industry’s fastest Off-Ramp: The innovation of introducing Transak Stream wallets make it child’s play for users to off-ramp in one -click, making it the fastest and easiest way to cash out crypto.
6. Send becomes the new sell: Send crypto from any wallet to Transak Stream Address to off-ramp in under one minute.

Building On Proven Success

Transak Stream builds on the success of Transak’s existing off-ramp solution, which has processed over $50 million across 100,000+ transactions globally in 2024 alone. Across all its products, Transak has processed over $1.4 billion in transactions for its 8 million+ users worldwide.

“Our goal with Transak Stream is to create a future where crypto flows seamlessly into real-world financial systems,” added Agarwal. “Visa Direct and Circle are integral to making this vision a reality, enabling secure, scalable, and compliant transactions across borders.”

Visit Transak.com/integrate-stream to get Transak Stream for your app

About Transak

Transak is the world’s most compliant and largest Web3 payments infrastructure provider, serving over 8 million users across 160 countries. It powers 350+ platforms, facilitating the purchase and sale of digital assets with its API-driven fiat-crypto on/off-ramp, NFT checkout, and other solutions that simplify KYC, compliance, payment methods, and customer support.

Headquartered in Miami, US, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.

For more information, visit https://transak.com/ or follow us on x.com/transak and linkedin.com/company/transak

Contact

Harshit Gangwar
Harshit.Gangwar@transak.com

Panama City, Panama, December 12th, 2024, Chainwire

PoSciDonDAO, an emerging organization in the Decentralized Science (DeSci) domain, has announced the launch of a decentralized autonomous organization (DAO) dedicated to funding personalized medicine research. Leveraging blockchain technology, PoSciDonDAO aims to improve efficiencies and transparency in research funding while enabling global collaboration to address life-altering diseases such as cancer, multiple sclerosis, and Alzheimer’s disease.

A Vision for Advancing Patient Care

Personalized medicine, which tailors treatments to patients based on genetic and molecular profiles, offers a path toward more effective therapies and better patient outcomes. This field has been hindered by limited funding and systemic inefficiencies. PoSciDonDAO’s mission is to address these challenges by providing resources to explore novel approaches such as viro-immunotherapies and gene and cell therapies.

By funding early-stage, pre-patented research, PoSciDonDAO seeks to drive innovation from academic labs to commercial viability. This initiative is designed to improve healthcare outcomes for patients worldwide by advancing patient-tailored therapies and making innovative treatments more accessible.

Empowering Community Governance

PoSciDonDAO introduces incentive models to foster long-term engagement among scientists, innovators, and DeSci enthusiasts. Its governance framework enables community members to actively participate in DAO operations and funding decisions, ensuring resources are allocated to projects aligned with the shared goal of advancing personalized medicine.

Building Partnerships in Decentralized Science

Since its inception, PoSciDonDAO has been an active participant in Decentralized Science discussions and collaborations. Notably, it engages with other DeSci initiatives such as the Health Data Alliance, which includes projects like AxonDAO, DataLake, and Hippocrat, underscoring its commitment to advancing the DeSci movement. More partnerships and collaborations will be announced in the near future.

About PoSciDonDAO

By combining blockchain technology with scientific innovation, PoSciDonDAO is establishing a collaborative platform for research in personalized medicine. This approach aims to accelerate discoveries and democratize access to resulting treatments, benefiting patients and healthcare systems globally. The PoSciDonDAO team includes experts in virology, immunology, oncology, epidemiology, and Web3. With in-house expertise and contributions from its community members, the DAO can identify which projects have the most potential to impact the personalized medicine field. 

The PoSciDonDAO token (SCI) is central to the DAO’s governance model, allowing community members to participate in decision-making processes. This decentralized and transparent mechanism ensures resources are directed toward impactful research projects.

For more information about PoSciDonDAO, users can visit the official PoSciDonDAO website.

Joining the Community

PoSciDonDAO offers scientists, innovators, and DeSci enthusiasts to become part of this transformative initiative. By advancing research in personalized medicine, PoSciDonDAO aims to contribute to improved therapies and better outcomes for patients worldwide.

Twitter/X | Telegram | Discord

Disclaimer

The information provided herein is for informational or educational purposes only and does not constitute financial, legal, or tax advice. Any purchase, sale, or other transaction related to SCI tokens is undertaken at the sole discretion and risk of the participant. PoSciDonDAO does not assume responsibility for any loss, damages, or other consequences arising out of such transactions.

The SCI token is not and shall not be offered or sold to persons in the United States or individuals/entities on OFAC sanctioned lists. Further, this release does not constitute an offer to sell or a solicitation of an offer to buy any securities or financial instruments in any jurisdiction. Participants are strongly encouraged to conduct their own due diligence and seek independent advice from qualified legal, tax, or financial advisors before engaging with SCI tokens, blockchain technology, and digital assets generally. Participation in any token-related activities is subject to compliance with applicable laws, regulations, reporting, and eligibility requirements, including KYC/AML processes. PoSciDonDAO makes no guarantees or promises regarding the future performance, value, or regulatory compliance of the SCI tokens.

Contact

Marketing Representative
Ayat Abourashed
PoSciDonDAO Foundation
ayat@poscidon.com

Calgary, Alberta, December 5th, 2024, Chainwire

The EOS Network Foundation (ENF) is pleased to announce that Ceffu, the institutional custody partner of Binance, now supports the EOS mainnet. This partnership provides institutional-grade custodian services while unlocking new CeDeFi opportunities for EOS token holders through Binance’s MirrorX integration.

With Ceffu’s advanced custody infrastructure, institutions can confidently secure their EOS assets using multi-party computation (MPC) and customizable approval schemes. Through MirrorX, institutional fund managers can deploy CeDeFi strategies that leverage the best of both CEX and DeFi worlds. By leveraging Binance’s liquidity and advanced trading mechanisms, EOS token holders gain access to innovative yield solutions tailored to institutional needs.

EOS inclusion in the Coinbase COIN50 Index, a global benchmark representing the top 50 digital assets listed on Coinbase Exchange highlights the growing interest and popularity of the ecosystem towards institutions. This recognition underscores EOS’s position as a leading blockchain platform and a key player in the crypto economy.

“Ceffu’s integration with EOS represents an important step in building the infrastructure necessary to support institutional engagement at scale,” said Yves La Rose, Founder & CEO, EOS Network Foundation. “By partnering with Ceffu, we are creating new pathways for institutions to securely participate in the EOS ecosystem and benefit from its evolving opportunities.”

EOS has experienced significant performance improvements driven by community approved tokenomics enhancements. The new tokenomics strategy includes a dedicated funding bucket for middleware with the executed Unicove portal streamlining the onboarding process and improving user experience. Additionally, a staking rewards program distributing $450 million dollars worth of EOS has been active for over five months and has increased EOS staking participation by 4x while simultaneously extending the token lockup time from 4 to 28 days. These tokenomics initiatives collectively strengthen the EOS ecosystem, showcasing its growing robustness and appeal.

EOS Network

The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).

EOS Network Foundation

The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all.

About Ceffu

Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Institutions may also benefit from Ceffu’s secure gateway to a wide range of liquidity products within other exchanges’ ecosystems. Institutions may also benefit from Ceffu’s secure gateway to the world’s largest crypto exchange through MirrorX, our off-exchange settlement solution. 

Contact

Tristan Dickinson
EOS Network Foundation
Tristan.dickinson@eosnetwork.com

Seoul, South, Korea, November 20th, 2024, Chainwire

Hashed and its technology arm, ShardLab, have joined forces with Naver Pay, one of the highest-used mobile payment services in South Korea, to integrate NFT-based ticketing technology.

The collaboration, which debuted at Naver’s annual technology conference, DAN24, saw over 20,867 NFTs issued and 8,849 transactions processed during the two-day event, with a total of 6,000 attendees, making this initiative one of South Korea’s largest deployments of NFTs for real-world and event-based utilities.

During the event, these digital assets were seamlessly integrated into the Naver Pay wallet, enabling their use for admission, activity verification, and prize entry. The integration of NFTs into an existing payment system used by millions represents a strong use case bridging Web2 and Web3 for mainstream audiences and provides proof of concept for broader applications in events, concerts, and large-scale activities. 

The integration leverages ShardLab’s proprietary NFT technology, including airdrop APIs and smart contracts, to provide a user-friendly solution. Unlike traditional blockchain applications that require separate wallets, at the event attendees could access their NFT tickets directly within their existing Naver Pay accounts, bringing a simplified process removing barriers to adoption.

“This collaboration with Naver Pay signifies a step forward in integrating Web3 technology into everyday digital experiences,” said Simon Kim, CEO of Hashed. “With our technical advisory and collaboration-friendly approach with Web2 companies, we can focus and accelerate the development of user-friendly Web3 infrastructure.”

Through the use of NFT-based tickets, attendees received proof of attendance and streamlined authentication for various conference activities. This functionality showcased the practicality of blockchain-based solutions to elevate user experience without requiring extensive technical knowledge or new tools.

“DAN24 marks our first step in bringing NFT technology to Naver Pay Wallet, following the growing trend of NFT adoption in major events, concerts, and ticketing,” said Mi-young Lee, Head of Pay Infrastructure and Business at Naver Pay. “We will continue to work with leading Web3 companies to pioneer innovative digital experiences.”

“We’re honored to provide this unique experience to DAN24 attendees,” said Hojin Kim, CEO of ShardLab. “This collaboration demonstrates the technical maturity and practical potential that Web3 holds, redefining what is possible to achieve widespread adoption in the digital landscape.”

With 2.3 million users and $13 billion in quarterly transactions, Naver Pay offers a robust platform to scale Web3 integrations. ShardLab, an R&D partnership between Hashed and SCBX, brings blockchain expertise, enabling seamless Web3 experiences through Naver Pay’s trusted ecosystem.

The collaboration between Hashed, ShardLab, and Naver Pay is expected to expand into additional use cases, supporting the adoption of blockchain technology across industries.

About Hashed

Hashed, established in 2017, is a blockchain-focused venture capital firm that conducts extensive investment and research activities in global startups and decentralized projects pursuing protocol economy. Operating globally, Hashed maintains presence in major cities including Seoul, San Francisco, Singapore, and Bengaluru, India.

The firm has made early-stage investments in innovative blockchain startups worldwide, including Story Protocol, CryptoQuant, and dYdX. Rather than functioning as a traditional venture capital firm, Hashed operates as a ‘second team’ to its portfolio companies, providing hands-on business development support to help them connect with the global Web3 ecosystem and accelerate their growth.

About ShardLab 

ShardLab is the innovation arm of Hashed, a leading global Web3 venture capital firm based in Asia. Under the strategic partnership between Hashed and SCBX (the mothership of Thailand’s leading financial technology group and the parent company of Siam Commercial Bank), ShardLab is having various innovative activities, such as Web3 R&D, venture building, and ecosystem building. The firm’s vision extends to fostering mass adoption of Web3 in Southeast Asia, making technology accessible, and empowering communities in this dynamic digital frontier.

About Naver Pay

Naver Pay is a fintech service provided by Naver Financial (Subsidiary of Naver, the largest IT and search engine service in South Korea) that allows users to make simple payments through pre-registered payment methods such as bank accounts, debit cards, or credit cards.

Naver partners with e-commerce sellers of all sizes to enable Naver Pay on their own websites, promoting it as a way to increase convenience and accessibility for users.​​​​​​​​​​​​​​​​

Contact

Community Lead
Wooster Han
Hashed
wooster@hashed.com

Singapore, Singapore, November 14th, 2024, Chainwire

VALR, the Pantera-backed crypto exchange and the largest crypto trading platform in Africa by trade volume, announced today that its user base has doubled in 2024, surpassing the one million mark. This growth comes on the back of VALR’s ongoing global expansion efforts as crypto markets heat up and Bitcoin is charting new highs north of $90,000. 

This year, VALR added 500,000 users to its platform, a marked increase from the initial 500,000 who joined during the first 5 and a half years since VALR’s founding in 2018.  This includes over 1,100 institutional and corporate clients. The proportion of international users has grown and now more than 1 in 4 VALR customers comes from outside South Africa’s borders.  

In 2022 VALR raised its $50 million Series B round – the largest crypto raise in Africa to date – led by prominent investors including Pantera Capital, Coinbase Ventures, and F-Prime, an investment arm of Fidelity. VALR has now raised $55 million in total.

VALR started as a spot-only crypto exchange and have since added multiple products to serve their international client base, including spot margin, perpetual futures, staking, lending, an over-the-counter (OTC) trading desk and a leading application programming interface (API) for its high-frequency traders. 

VALR’s user growth and brand recognition have been bolstered by a focus on both African markets and other jurisdictions in Asia and Europe, reaching key milestones in 2024, including being one of the first exchanges to obtain a Category I & II license from South Africa’s Financial Sector Conduct Authority (FSCA).

This year, VALR’s team embarked on an international tour, engaging with partners and communities across 12 countries in Asia, Africa, Europe, and the Middle East, further raising the brand’s global profile. As a Platinum Sponsor at Token2049, the world’s largest crypto event, VALR positioned itself as a values-driven exchange that prioritizes customer experience and high standards in both technology and service.

Farzam Ehsani, Co-Founder and CEO of VALR, reflected on VALR’s journey: “It’s inspiring to see how far we’ve come since 2018. Surpassing one million users, with half a million joining us this year, is a testament to our team’s dedication, the trust our customers place in us, and VALR’s momentum. As we continue our growth, we remain committed to providing innovative, high-quality services that serve not just individual traders, but also larger institutions and fintechs looking to build the future of finance.”

As part of its growth strategy in 2024, VALR introduced several initiatives to attract new users, including VALR’s Grand Slam – a year-long futures trading competition with monthly reward pools of up to US$5 million – and VALR’s Futures Trade Arena, where traders compete on return-on-investment (ROI) and profit and loss (PnL) performance with weekly and monthly prizes.

In October, VALR launched a Chinese version of its app, featuring a localized brand and logo, further catering to the platform’s growing Asian user base. VALR’s expansion into Asia complements its established presence in Africa and reflects the global demand for secure, efficient, and values-based crypto services.

About VALR

VALR provides a comprehensive suite of crypto products and services, including Spot Trading, Spot Margin, Perpetual Futures, an API for high-frequency traders, Subaccounts with governance features, OTC Trading, Staking, Lending & Borrowing, Simple Buy/Sell Swap, and VALR Pay.

Founded in 2018, VALR is Africa’s largest cryptocurrency exchange by trade volume, serving over 1,100 corporate and institutional clients and more than 1 million users globally. Headquartered in Johannesburg, VALR is licensed by the FSCA in South Africa, with regulatory approvals in Europe and initial approval from Dubai’s VARA. VALR has secured $55 million in equity funding from top investors, including Pantera Capital, Coinbase Ventures, GSR, and F-Prime, affiliated with Fidelity Investments.

For more information, visit valr.com.

Contact

VALR
press@valr.com

Singapore, Singapore, November 7th, 2024, Chainwire

Solv Protocol has announced its classification of underlying assets for its SolvBTC reserve. By this, Solv protocol ensures security for users as well as yield-generating opportunities while maintaining liquidity.

These classifications help to ensure stability with various asset types, with minting caps and cross-chain rate limits being implemented for innovative reserves to manage and minimize risk. 

This standardization serves as an essential layer of protection as the protocol continues to scale. The SolvBTC reserve categorizes assets into two groups: Core Reserve and Innovative Reserve. Core reserves consist of native BTC and BTCB (Binance-backed), while innovative reserves include wrapped assets WBTC, cbBTC, FBTC, BTC.b and tBTC. 

Solv is now one of the largest BTC Liquid Staking Token (LST) issuer to go multichain in terms of TVL and network connections, accessible across more than ten blockchain networks, including Ethereum, Base, BNB Chain, and Arbitrum, with over 25,000 BTC in reserves (over $2 Billion). 

This multichain expansion means users can engage BTC in diverse DeFi strategies with its added utility, allowing staking and lending to maximize BTC’s liquidity and versatility across networks.

In addition, Solv is marking the first introduction of the SOLV token utility making Solv Protocol as one of the first BTCFi protocols to classify its reserve assets.

Currently, the classifications and parameters are decided by Solv Protocol, but as the platform transitions to fully decentralized governance SOLV token holders will make the determination.

Solv’s token utility is further amplified as SolvBTC was accepted into the core pool of Venus Protocol, the largest lending protocol on BNB Chain and in the top five globally on DeFiLlama. SolvBTC joins BTCB as the only BTC assets in the Venus core pool, enabling users to collateralize SolvBTC to borrow assets like BNB, further facilitating DeFi strategies, including participation in the Binance Launchpool.

“SolvBTC’s multichain deployment and our fresh approach to categorizing BTC reserves is providing diversification and setting a higher standard for Bitcoin utility in DeFi,” said Ryan Chow, Co-founder & CEO of Solv. “With our robust network connections and TVL, we are allowing Bitcoin to work across chains with more ways for users to leverage BTC in a secure and robust ecosystem like never before.”

This announcement follows Solv’s recent move to bring Bitcoin staking to wider adoption with its Staking Abstraction Layer (SAL). The SAL framework has facilitated the launch of four SolvBTC Liquid Staked Tokens (LSTs): SolvBTC.BBN (Babylon), SolvBTC.ENA (Ethena), SolvBTC.Core, and SolvBTC.JUP (Jupiter). The full tokenomics and additional utility of the SOLV token will be introduced in a multiphase rollout. 

To learn more about Solv’s new reserve classifications, click here. 

About Solv

Solv Protocol is the leading Bitcoin staking platform, powered by its innovative Staking Abstraction Layer (SAL). Through SolvBTC, a Bitcoin Reserve for everyone, we unlock the full potential of over $1 trillion in Bitcoin assets. With SolvBTC.LSTs (Liquid Staking Tokens), Bitcoin holders gain access to diverse yield opportunities without sacrificing liquidity, allowing them to seamlessly participate in DeFi ecosystems. Solv acts as a comprehensive gateway to BTCFi, paving the way for institutional and traditional funds to confidently enter the crypto space.

Solv Protocol is backed by prominent investors such as Binance Labs, Blockchain Capital, Laser Digital, and others. Solv Protocol has undergone extensive security audits by leading firms, including Quantstamp, Certik, SlowMist, Salus, and Secbit.

Contact

PR & Partnerships
Catherine Chan
catherine@solv.finance

Singapore, Singapore, October 29th, 2024, Chainwire

Foresight Ventures, the leading investment firm specializing in Web3 projects, today announced a strategic partnership with Deep Blue, a newly launched Jersey-based stablecoin issuer and Arta TechFin Corporation Limited (Arta TechFin, HKSE: 0279), a Hong Kong listed company via its subsidiaries operating regulated financial institutions and leading blockchain developments. The alliance aims to drive innovation and growth of the Stablecoin and Real-World Asset (RWA) ecosystem

Deep Blue is an issuance platform for Stablecoins bringing best-in-class practices and best partners in both digital assets and traditional finance, enabling users to operate across multiple use cases.

Arta TechFin will bring in its capabilities as a regulated blockchain financial services provider, collaborating with Foresight Ventures and Deep Blue on Stablecoin and RWA businesses including but not limited to origination, tokenization, market making, and providing liquidity. 

Julien Bahurel, co-founder of Deep Blue, commented on the partnership: “We are excited to join forces with Foresight Ventures to accelerate our efforts in the Stablecoin and RWA sectors. This partnership represents a significant step forward in our mission to bridge the gap between traditional finance and the emerging blockchain economy; leveraging on key crypto partners, large Asia-based conglomerates and financial institutions.

Foresight Ventures, known for its commitment to fostering Web3 projects that promote decentralization and mainstream adoption of cryptocurrency, will provide Deep Blue with strategic collaborations that include media and network resources. This partnership is expected to elevate Deep Blue’s initiatives, bringing them to a wider audience and enhancing their impact on the global financial landscape. Both parties look to leverage off each other’s access to the blockchain and traditional finance ecosystems. 

Forest Bai, Representative at Foresight Ventures, expressed his enthusiasm for the partnership: “We are thrilled to collaborate with Deep Blue and ArtaTechFin, companies that share our vision of a decentralized future where blockchain and traditional finance coexist seamlessly. Our strategic resources and industry expertise will help Deep Blue scale its ecosystem and make a lasting impact in the stablecoin and RWA domains.”

This strategic partnership marks a new chapter for all companies as they work together to pioneer cutting-edge financial solutions that will shape the future of the global economy.

 For more information , please visit Deep Blue Limited or ArtaTechFin

About Foresight Ventures

Foresight Ventures is the leading global crypto venture capital firm, managing over $400 million in assets across 100+ investments. With a research-driven approach, Foresight Ventures bridges Eastern and Western markets, focusing on early-stage opportunities in Web3. Its diverse portfolio spans blockchain infrastructure, AI and consumer applications with investments in top companies like Bitget, Aptos Labs, and TON. Through its premier owned media network, including The Block, Coinness and BlockTempo, the firm provides exposure to transformative technologies that shape the future of financial ecosystems.

Foresight Ventures backs the boldest upcoming innovations, encouraging concepts that challenge conventional platforms with real-life use cases built on emerging technologies. Dedicated to accelerating crypto adoption for billions of people worldwide, Foresight Ventures breaks down barriers empowering global financial freedom and inclusion to all.

For general enquiries, please email: fv@foresightventures.com

Contact

Media Team
Foresight Ventures
fv@foresightventures.com