chainwire

Washington, D.C., February 18th, 2025, Chainwire

Singularity Finance CEO Cloris Chen participated in a pivotal U.S. Senate roundtable alongside key senators and industry leaders to discuss the future of cryptocurrency regulation, taxation on digital assets, and AI-driven financial innovation. The discussion, joined by Senators Tim Scott, Cynthia Lummis, Bernie Moreno, Bill Hagerty, and Marsha Blackburn, provided key updates on legislative progress and explored solutions to make the U.S. more crypto-friendly.

The event was hosted by Senator Marsha Blackburn and Andrew Gordon, an attorney and Certified Public Accountant with extensive experience in cryptocurrency taxation and regulatory compliance. As part of his keynote, Gordon underscored the urgent need for taxation reform, stating: “For too long, the federal government has had its foot on the neck of the crypto industry. I’ve spent years helping individuals and businesses navigate the tax system, only to see innovation pushed offshore due to unclear and restrictive policies. This is not how it should be. Crypto is not just Wall Street—it starts with Main Street, with the builders, developers, and entrepreneurs who are laying the foundation for the future economy. We have a real opportunity to make change, and we must do our part—educate, vote, and advocate for policies that allow innovation to thrive in America.”

Legislative Progress

Senators shared significant updates on upcoming legislation impacting the crypto industry. Senator Tim Scott announced that a stablecoin bill, along with a broader market structure framework, is expected to pass within the next 100 days. This legislation aims to provide much-needed regulatory clarity for the industry.

Senator Cynthia Lummis detailed key tax reforms, stating that the proposed legislation will ensure that mining and staking rewards are not taxed until they are sold. Additionally, the legislation seeks to repeal the unworkable broker rule and introduce a $600 de minimis exemption for crypto transactions, simplifying compliance for everyday users.

Lummis also discussed the market structure bill, which is based on the Lummis-Gillibrand framework. The bill aims to reduce regulatory ambiguity and provide clear guidelines for the industry. It refines the Howey test to ensure that assets classified as commodities or securities maintain their status without arbitrary reclassification.

Cloris Chen on AI, Tokenisation, and Regulatory Barriers

Cloris Chen, CEO of Singularity Finance, highlighted the challenges of tokenised real-world assets (RWA) faced under current U.S. regulations. She emphasised the need for a clearer framework to integrate tokenised RWAs into the financial system without excessive compliance burdens.

“The U.S. needs to have a clearer framework on the security definition and establish a streamlined process to remain competitive. Our tokenised AI assets and Treasury bills cannot be offered to U.S. investors because they risk being classified as securities, which would require SEC registration. Given the complexity and unclear regulations, this process is both lengthy and expensive, making it economically unfeasible to serve U.S. investors. This isn’t just about one company—it’s about ensuring the U.S. doesn’t fall behind in the global shift toward tokenised and AI-enhanced finance.” 

About Singularity Finance

Singularity Finance is the first AI-centric EVM-compatible L2 blockchain bringing the AI economy on-chain. It offers a fully compliant RWA tokenisation framework to tokenise and monetise the AI value chain in its entirety. Stemming from the SingularityNET ecosystem and closely tied to the Artificial Superintelligence Alliance, Singularity Finance is poised to become the financial chain for everything AI.

Website: https://www.singularityfinance.ai/

Contact

Market Across
pr@marketacross.com

Zug, Switzerland, February 18th, 2025, Chainwire

SingularityNET has announced a partnership with Mind Network to launch the ASI Hub, a decentralized solution to enhance AI security and verifiable randomness. Using Fully Homomorphic Encryption (FHE), the ASI Hub addresses critical challenges in decentralized AI including secure agent identification and tamper-proof randomness.

The ASI Hub is a major breakthrough in decentralized AI that leverages Mind Network’s FHE technology to generate cryptographically secure trust for AI services while ensuring privacy protection. This enables AI entities to establish verifiable trust without compromising sensitive data.

Additionally, the ASI Hub introduces onchain verifiable randomness, a crucial component in AI training and algorithmic decision-making. Through eliminating external manipulation risks, this solution guarantees fairness and transparency in decentralized AI systems.

Dr. Ben Goertzel, CEO of ASI and CEO of SingularityNET, stated: “Fully Homomorphic Encryption has the potential to serve as a core component of decentralized AI, guiding us toward a reality where privacy and innovation evolve hand in hand. By partnering with Mind Network and rolling out the ASI Hub, we’re taking another important step to explore how FHE can be woven into AI ecosystems to support synthetic intelligence to be free, secure, and mathematically brilliant.”

Christian Pusateri, CEO of Mind Network, added: “We’re excited to partner with SingularityNET to introduce the ASI Hub, addressing two critical challenges in decentralized AI: secure agent identification and verifiable randomness. Cryptographically verifiable AI agent identities are vital in ensuring tamper-proof, on-chain randomness for AI training, governance, and decision-making. This collaboration marks a significant advancement in establishing a privacy-first decentralized AI ecosystem.”

A key initiative of the Artificial Superintelligence Alliance (ASI), which includes SingularityNET, Fetch.AI, Ocean Protocol, and Cudos, the ASI Hub is another step to explore the integration of FHE-based authentication with cryptographically secured randomness. This dual approach fortifies AI services against impersonation and ensures tamper-resistant decision-making. It also enables privacy-first, verifiable trustworthiness that is critical in decentralized AI networks.

As part of its ongoing development, Mind Network has launched Pre-TGE Wave, a series of initiatives to engage AI-focused communities ahead of its Token Generation Event. This includes the rollout of AI Agent asset support, allowing Fetch.AI (FET) token holders to participate in the ASI Hub and earn claimable vFHE incentives; accessible to FET Tokens on Ethereum and BNB Chain. The listing of FET token on Mind Network’s platform will be available from February 18th 15:00 PM UTC and the ASI Hub will be available from Feb 20 09:00 AM UTC. Participants can seamlessly join by holding Ethereum or BNB Chain FET tokens, connecting their wallets via the Mind Network dApp, and redeeming vFHE rewards.

By integrating AI solutions with FHE-powered randomness, the ASI Hub establishes a trustless, privacy-first infrastructure for decentralized AI ecosystems. SingularityNET’s collaboration with Mind Network will resolve traditional randomness challenges while advancing the adoption of secure AI solutions.

Learn how to participate in the ASI Hub on Mind Network here: https://singularitynet.io/updates/blogs/ 

About SingularityNET

SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). An AGI is not dependent on any central entity, is open to anyone and is not restricted to the narrow goals of a single corporation or even a single country. The SingularityNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. Our core platform and AI teams are further complemented by specialized teams devoted to application areas such as finance, robotics, biomedical AI, media, arts and entertainment.

Learn more: https://singularitynet.io/

About Artificial Superintelligence Alliance

The Artificial Super Intelligence (ASI) Alliance is a collective formed by Fetch.ai, SingularityNET (SNET), Ocean Protocol and CUDOS. As the largest open-sourced, independent entity in decentralized AI research and development, this alliance aims to accelerate the advancement of decentralized Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence (ASI). 

Learn more: https://superintelligence.io

About Mind Network

Mind Network is pioneering FHE Infra for a Fully Encrypted Web. Innovating FHE to empower universal end-to-end encryption for the whole industry, starting with AI, modular chains, gaming, asset management, and DePIN. Mind Network offers unique solutions to ensure data security, consensus security, and transaction security across key domains.

Mind Network is backed by notable investors including Binance Labs, Cogitent, Hashkey, Animoca Brands, Chainlink, and has received two Ethereum Foundation Grants for its FHE research. Partnering with industry leaders like Zama, Mind Network is building a fully encrypted infrastructure, committed to realizing the vision of HTTPZ for the next generation internet.

Learn more: https://www.mindnetwork.xyz/ 

Contact

Avishay Litani
pr@marketacross.com

CryptoAutos, a pioneer in the Real-World Asset (RWA) space, has acquired a fleet of vehicles worth $20 million in Dubai, marking a significant step forward in bridging digital assets with physical assets. This acquisition underscores CryptoAutos’ commitment to redefining vehicle ownership and investment through blockchain technology. 

Bringing RWAs to the Forefront 

Real-World Assets (RWAs) have become one of the most promising narratives in blockchain, enabling users to tokenize, trade, and invest in physical assets seamlessly. By purchasing a fleet of high-value vehicles, CryptoAutos is proving that tokenization is not just theoretical—it’s a tangible, scalable business model that unlocks new liquidity and accessibility for digital asset holders. 

“Acquiring real-world assets and making them accessible through tokenization is at the core of what we do,” said Waqas Nizam, Founder of Crypto Autos. “This $20M fleet acquisition is another step towards enabling individuals to leverage their digital assets in meaningful, practical ways. Let’s put it into perspective – we’ve spent $20M on this fleet, this is significantly more than the majority of RWA projects have managed to raise.” 

CryptoAutos success is backed by its $60,000,000 and $7,500,000 raised over multiple funding rounds. 

How It Works 

CryptoAutos will create investment opportunities in its fleet, allowing users to potentially earn yield in USDT from both the rental and sales of its luxury vehicles. Investors will benefit from an estimated annual rental yield of $15,000,000, making this a lucrative real-world asset-backed investment. 

Through CryptoAutos’ platform, users can: 

• Invest in fractional ownership of high-value vehicles. 
• Receive potential rental-based earnings.
• Gain exposure to the appreciation and resale value of exotic cars. 

By combining the efficiency of blockchain with real-world revenue streams, CryptoAutos ensures that digital asset holders can participate in a stable, high-yield investment model. 

Dubai as a Strategic Location 

Dubai has rapidly positioned itself as a global hub for blockchain innovation, offering a forward-thinking regulatory environment and a thriving luxury car market. CryptoAutos’ decision to establish a stronghold in Dubai aligns with the region’s growing adoption of crypto-backed investments and digital finance.

“With its progressive stance on blockchain and finance, Dubai is the perfect location for our first acquisition,” added Waqas. “The city provides the ideal ecosystem for RWAs to flourish, and we are excited to drive this movement forward.” 

Luxury Fleet Key Features

CryptoAutos’ newly acquired fleet consists of some of the world’s most sought-after high-performance vehicles, including: 

Lamborghini 

• Huracan EVO 
• Huracan EVO Black 
• Huracan Tecnica 
• Aventador 
• Urus 
• Urus Mansory 

Ferrari 

• Purosangue 
• 296 GTB 
• F8 Spider 
• Roma 
• Portofino 

Mercedes-Benz 

• G63 AMG 
• G63 AMG Brabus 
• G63 AMG Rocket 
• G63 Green 
• S680 White Matte 
• E300 Black 

Porsche 

• 911 Carrera S 
• 911 Turbo S 
• 911 GT3 RS 
• GT3 RS Yellow 
• GT3 Mango/Nardo Grey 
• Turbo S Silver 
• Turbo Yellow 

McLaren 

• 720S 

Rolls Royce

• Cullinan Black Badge 
• Cullinan Mansory 
• Dawn 
• Ghost 

Bentley 

• Flying Spur White 
• Bentayga Mansory Grey 

Aston Martin 

• DBX Black 

Land Rover 

• Defender Black 
• Range Rover SVR Black 

Other Notable Vehicles 

• Nissan Patrol Grey 
• Tesla Cybertruck 

This collection of supercars, luxury sedans, and high-performance SUVs positions CryptoAutos as a dominant player in the high-end vehicle market, offering both investment opportunities and access to world-class automotive experiences. 

The Impact of the $20M Fleet Acquisition 

This acquisition strengthens CryptoAutos’ ecosystem by: 

• Enhancing Market Liquidity – Providing a new, tokenized investment avenue for users. 
• Expanding Ownership Accessibility – Allowing individuals to participate in high-value vehicle markets without traditional barriers. 
• Boosting Real-World Utility – Offering car enthusiasts and investors a seamless way to engage with luxury vehicles via blockchain. 

Future of Next for CryptoAutos

As the company continues its expansion, CryptoAutos is set to introduce additional asset-backed opportunities, further bridging the gap between Web3 and traditional industries. The latest acquisition is just the beginning of a broader strategy to integrate RWAs into everyday transactions, making digital asset usability more practical than ever before. 

More details will be revealed in the coming weeks and months as CryptoAutos continues to innovate and expand its offerings.

For more information, users can visit & follow CryptoAutos

About CryptoAutos 

CryptoAutos is an innovative platform leveraging blockchain technology to tokenize vehicle ownership and investment opportunities. By merging the digital asset ecosystem with the automotive industry, CryptoAutos enables users to access, buy, rent, invest in, and trade high-value vehicles seamlessly.

As a leading player in the crypto gaming space, BC.GAME has launched an airdrop in the Solana ecosystem. The platform distributed 400 million $BC tokens, further expanding its presence in the blockchain space. BC.GAME was the first to airdrop tokens to Pump.fun users, offering them an opportunity to receive rewards ahead of other platforms.

Details of the Airdrop for Pump.fun Users

Since its launch in January 2024, Pump.fun has rapidly become one of Solana’s major meme coin creation and trading platforms. Meanwhile, an official airdrop has yet to be announced by Pump. fun, BC.GAME is stepping in with a larger, earlier airdrop plan to get ahead of the game.

A snapshot was taken of all Pump.fun addresses that completed at least 10 transactions between January 31, 2024, and February 13, 2025. These addresses were then ranked based on their absolute profit or loss during this period. The top 100,000 addresses were eligible to receive the airdrop, with rewards distributed as follows:

• Top 1,000 users: 30,000 $BC each
• Ranks 1,001 – 2,000: 25,000 $BC each
• Ranks 2,001 – 10,000: 10,000 $BC each
• Ranks 10,001 – 50,000: 4,000 $BC each
• Ranks 50,001 – 100,000: 2,100 $BC each

In total, 400 million $BC tokens were distributed among 100,000 users. For further details, including a list of eligible addresses, users can check here.

Fair and Transparent Distribution Process 

BC.GAME’s airdrop was designed to prioritize fairness and transparency. By offering a “Provably Fair” distribution, with clear rules and publicly available addresses, the initiative ensured a fully transparent process. For verification and more details, a snapshot of the eligible airdrop addresses can be found at this link.

Commitment to Trust and Wealth Creation 

BC.GAME’s core philosophy is rooted in trust and wealth creation. This airdrop highlighted both principles by dedicating significant resources to a fair promotion that not only built trust but also fostered wealth for its users. The airdrop was expected to increase the number of holders and trading volume on Solana, growing the community to hundreds of thousands of users while boosting liquidity.

About BC.GAME 

BC.GAME is a premier crypto gaming platform, offering a wide variety of exciting games and the opportunity to win big in a secure, decentralized environment. With an unwavering commitment to fairness, transparency, and community engagement, BC.GAME quickly became one of the most trusted names in the blockchain-based gaming space.

BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, is pleased to announce its partnership with Figment Inc. (“Figment”), one of the world’s foremost blockchain infrastructure providers, for the launch of its Staker Protection Plan. This solution is designed to enhance transaction inclusion and state preservation, addressing a critical pain point for traders and end-users who demand greater certainty for their high-value and time-sensitive transactions. WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (“WonderFi”), a top digital asset company, will join as Figment’s first customer in the pilot program.

Partnership and Pilot Program Highlights

This collaboration underscores BTCS and Figment’s shared commitment to advancing the blockchain ecosystem by addressing critical challenges in wider adoption. With WonderFi’s participation, stakers on the WonderFi-owned Bitbuy and Coinsquare platforms will be the first to enjoy the benefits of the program. The pilot program is anticipated to go live on mainnet in March 2025 in connection with Ethereum’s Pectra update.

The Staker Protection Plan program is designed to deliver key benefits, including:

• Providing end-users with greater confidence that their transactions will be included in a particular block.
• Addressing complexities and heightened risks of high-value transactions in cross-chain and cross-venue operations, ensuring timely and predictable trading outcomes.
• Optimizing staking rewards rate (SRR) for stakers through improved compliance and performance.

Stakers interested in participating in this solution, which is designed to meet applicable regulatory requirements and benefit from increased SRR can contact Figment’s customer success team. End-users seeking information about transaction execution and enhanced features can reach out to the BTCS team for more information.

Charles Allen, CEO of BTCS, stated: “By partnering with Figment and integrating WonderFi as the first participant, we are laying a strong foundation for staker empowerment and ecosystem growth. This partnership exemplifies our dedication to delivering solutions that foster revenue growth and operational excellence.”

Lorien Gabel, CEO of Figment, added: “At Figment, we are committed to driving innovation in blockchain infrastructure to enhance the Ethereum ecosystem and increase adoption. Our partnership with BTCS on this innovative solution demonstrates our dedication to addressing critical challenges in staking operations. By providing solutions that ensure fairness and enhance transaction inclusion, we are fostering a more reliable and fair network for all participants.”

Dean Skurka, CEO of WonderFi, stated: “Participating in BTCS’s Staker Protection Plan pilot is a natural extension of our commitment to innovation and growth. We believe that this program will not only enhance our validator operations but also increase revenue for our shareholders and ultimately, higher staking rewards to our customers. We’re excited to be at the forefront of initiatives that have the potential to redefine validator strategies.”

About BTCS

BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its Ethereum blockchain infrastructure operations. BTCS has honed its expertise in Ethereum network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Users can explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.

For more information, users can follow on:

Twitter: https://x.com/NasdaqBTCS

LinkedIn: https://www.linkedin.com/company/nasdaq-btcs

Facebook: https://www.facebook.com/NasdaqBTCS

About Figment

Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients and $15B in assets staked across asset managers, exchanges, wallets, foundations, custodians, and banks, to earn rewards on their digital assets. For more information, users can visit www.figment.io. Partnering with BTCS for the Staker Protection Plan exemplifies Figment’s dedication to innovation in the ecosystem and empowerment of stakers.

About WonderFi

WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products. With over $2.2B in assets under custody, WonderFi is well-positioned to service crypto participants on a global scale with trading, payments, and decentralized products, including purpose-built blockchains and non-custodial wallet applications. Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining applicable licenses. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust. As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.

For more information, users can visit www.wonder.fi

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws, including statements regarding our anticipated launch on mainnet and revenue growth. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with the Staker Protection Plan and launch as well as issues with Ethereum’s planned Pectra update, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2023, which was filed on March 21, 2024. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law.

BTCS Investor Relations:

Charles Allen – CEO

X (formerly Twitter): @Charles_BTCS

Email: ir@btcs.com

Figment Contact:

Email: marketing@figment.io

WonderFi Investor Relations:

Charlie Aikenhead

Email: Invest@wonder.fi

Community-driven IP platform “Xross Road” and advanced AI technology provider “Allora Network” have formed a strategic partnership to accelerate business growth and success in the IP industry. Through this collaboration, the two companies will jointly develop next-generation AI x IP solutions leveraging AI technology to create a new dynamic between IP rights holders and the community.

Background and Purpose of the Partnership

While the IP (Intellectual Property) industry is rapidly growing outside of Japan, there is a need to update traditional management methods and development methods for a global audience due to the varying understanding of IP across cultures and legal frameworks. Xross Road aims to provide a platform where IP rights holders, fans, and creators can actively engage, and to fulfill this mission, it is building a new infrastructure utilizing AI and data analysis technology.

On the other hand, Allora Network offers innovative technology in AI prediction models and data analysis, supported by a global community of data scientists. Through this partnership, the two companies will leverage data analysis to enhance the IP market, create customized user experiences, detect IP misuse, and develop new markets using AI Agents-ultimately shaping the future of the IP industry.

Examples of AI Solutions Considerations Specific to the IP Industry:

• Detection and Protection of IP Misuse: AI automatically detects IP infringement on and off the platform, strengthening rights protection.
• Creation of New Markets by AI Agents: AI Agents, trained with IP characters, are deployed to create new revenue opportunities.
• IP Market Data Analysis: AI analyzes consumer preferences and trends to support optimal content development and licensing strategies.
• Customized User Experience for Customers: Personalized content and services are delivered using AI technology to enhance fan engagement.

Future Prospects

Xross Road aims to expand Japanese IP content into the global market while building stronger connections with fans. In collaboration with Allora Network, it will deliver innovative AI solutions and drive new value creation within the IP industry.

About Xross Road

Xross Road is a community-focused IP incubation and acceleration platform leveraging Web3 technology. Originally designed for Japanese IP fans, it aims to expand IP content globally. Xross Road is also strengthening its support for existing IPs and enhancing fan engagement, ushering in a new era for IP platforms.

Official website: https://xross-road.com

X (formerly Twitter): @xross__road

About Allora Network

Allora is a self-improving decentralized AI network. It enables applications to leverage smarter, more secure AI through a self-improving network of ML models. Combining innovations in crowdsourced intelligence, reinforcement learning, and regret minimization, Allora unlocks a vast new design space of applications at the intersection of crypto and AI.

To learn more about Allora Network, users can visit the Allora website, X, Blog, Discord, Research Hub, and developer docs.

Media & Business Inquiries

For media coverage requests or IP collaboration inquiries, users can contact:

extra mile Inc. Public Relations

e-mail: web3-pr@extramile.jp

Official website: https://extramile.jp/en/

Avarik Labs announced the official launch of Red Covenant, an innovative Mobile strategy RPG that merges high-stakes combat, deep tactical gameplay, and blockchain-powered innovation. Set in the dark and immersive world of the Avarik Saga Universe, Red Covenant invites players to forge their legacy in a game where every battle, every recruit, and every victory holds real value.

Hell Descent: A Challenge of Strategy and SkillHell Descent presents a demanding trial where participants navigate a competitive gauntlet, striving for success on the leaderboards. Players engage in strategic gameplay, aiming to outmaneuver opponents while earning $AVRK bonus rewards. Beyond survival, this journey tests skill, adaptability, and determination.

Recruiting and Empowering Forces

The battlefield presents a formidable challenge, rewarding those who apply strategy effectively. Harnessing the Agent NFT and $AVRK tokens to Recruit elite Veils NFTs—exclusive skins that grant the characters new appearances, dynamic skill effects, boosted stats, and unique affinities for the squad. This is an opportunity to master the team’s synergy, refine players’ tactics, and approach each challenge with a strategic advantage.

Building Dream Team of Captivating Waifus

Red Covenant features a diverse roster of enchanting waifus. Collecting, training, and strategizing with these powerful allies to build the ultimate team. Every decision counts as players rise through the ranks, shaping the path to competitive success and higher leaderboard rankings.

Available Now on the Google Play Store

Red Covenant is officially available for download on the Google Play Store, bringing the ultimate Mobile strategy RPG to players worldwide. Players can get into the battlefield and experience complete control over their in-game assets, deep strategic gameplay, and an immersive storyline.

Players can download here

The Future of Mobile Gaming

With player-owned digital assets, strategic depth, and immersive storytelling, Red Covenant has set out to redefine Mobile gaming. Players can join Red Covenant and stake their claim in the era of next-gen gaming.

About Avarik Labs Limited

Avarik Labs is a pioneering Mobile game development studio dedicated to pushing the boundaries of blockchain-powered entertainment. With a vision to blend deep storytelling, innovative gameplay, and player-driven economies, the studio aims to shape the future of decentralized gaming.

The Avarik Saga Community:

Website: www.avariksaga.com

Twitter: @avariksaga

Instagram: @avariksaga

Discord: https://discord.gg/hgnknxG

Colend, the leading decentralized finance protocol on BTC side chains, today announced its 2025 roadmap. With over $150 million in Total Value Locked (TVL), Colend continues to offer competitive yields and is introducing a series of new features aimed at enhancing user experience, expanding functionality, and reinforcing its position within the Bitcoin Finance (BTCFi) sector.

Colend has established its reputation for offering yield opportunities without exposure to impermanent loss or untraceable transactions within a CeDeFi framework.. In addition to this advantage, the protocol prioritizes safety. As new functionalities are developed, each feature will undergo comprehensive audits to ensure that the highest standards of security and reliability are maintained.

Key Features of Colend’s 2025 Roadmap

Subscription Model

Colend introduces a monthly subscription plan that will integrate Monthly Recurring Revenue (MRR) into DeFi—an industry first. Unlike traditional subscriptions like Netflix, Colend’s model includes an additional feature: the potential for increased returns on deposits.

By subscribing monthly with CLND tokens, users may receive bonus rewards in the same asset they deposit (for example, USDT rewards for USDT deposits).

This subscription model is designed to offer potential benefits while encouraging long-term engagement, setting a new benchmark in decentralized finance.

Advanced BTCFi Tools

Colend is developing a suite of tools to simplify and optimize DeFi operations:

• LOOP Strategies: Automation designed to optimize DeFi farming strategies.
• Smart DCA: Dollar-cost averaging with intelligent market timing.
• Market Arbitrage: Identifying and leveraging market discrepancies for potential advantages.

These tools will include advanced features such as flash loans, AI agents, and modular integrations.

NFT upgrade

The NFT collection will undergo a free remint, aligning with the latest marketplace standards. This upgrade is designed to introduce new utilities for NFT holders, including exclusive perks and broader marketplace compatibility.

Oracle inception

The oracle system will receive a major upgrade, empowering the community to vote on the hierarchy of oracles without compromising security. This innovative approach allows oracles to improve their Total Value Secured (TVS) and contribute more effectively to the protocol’s safety by granting them the priority to liquidate defaulting borrowers.  

Additionally, oracles will now have the ability to offer targeted incentives to voters who support them, shaping a governance model driven by strategic alignments rather than mere participation. This evolution mirrors the broader reality in DeFi, where virtually all protocols secure their operations through opaque, non-public OTC agreements that prioritize internal stakeholders over the interests of the broader user base. By integrating direct incentives into governance, this model extends the prevailing power dynamics, reinforcing structures that benefit orchestrators rather than participants.

Crypto Credit Card

According to the Colend team, the project is set to introduce what it describes as the world’s first true crypto credit card. Until now, all existing “crypto cards” have been debit-based, requiring users to bridge assets and pre-load funds. Colend eliminates these inefficiencies entirely.

For the first time, users will access credit lines against their crypto holdings without selling them, thanks to the integration of custodial and non-custodial wallets, card issuers, and smart contracts architecture.

Available on digital platforms (iOS/Android) and physically, the card is expected to include competitive rates and cashback rewards. The subscription fee for this service, payable in CLND, will contribute to the protocol’s sustainable economic model and onboard new users.

Governance, Liquidity Mining and Buyback

Colend’s governance system will operate under a v(3,3) model, introducing a dynamic and incentivized approach to liquidity mining. CLND token holders can vote to allocate liquidity mining rewards toward specific assets, which will promote increased borrowing activity and higher APYs on those assets.

In return for their votes, liquidity providers may offer incentives to encourage support for certain pools. This system is designed to create an ecosystem where participants engage in governance decisions that could impact the protocol’s overall liquidity dynamics.

Additionally, the protocol plans to conduct periodic buybacks as part of its broader token management strategy.

About Colend

Colend is a decentralized Bitcoin finance protocol built on the Core network, with assets transiting through LayerZero to form a hybrid EVM connecting multiple chains. It facilitates trustless lending and borrowing, where lenders provide liquidity to pools, and borrowers secure loans using Bitcoin or other cryptocurrencies as collateral. Colend is part of the Core Ignition Program, which includes a monthly airdrop for its community. Its governance token, CLND, is available on Gate and Glyph.

Colend emphasizes security through ongoing audits conducted by firms such as Halborn, Zokyo, and Verichains.

Source: https://x.com/colend_xyz/status/1891102662466138233

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with Avalon Labs to mark the exclusive launch of Avalon Token (AVL) on Bybit Spot. This collaboration introduces an initiative designed to enhance engagement within the Avalon ecosystem by offering an incentive-based savings mechanism through Bybit Earn’s Fixed Savings plans. A total of approximately 10,000 USDT worth of AVL tokens has been allocated to reward eligible participants, with APRs of up to 50% available over a structured staking period.

Avalon Labs is the world’s largest issuer of Bitcoin-backed stablecoins. Building the ultimate on-chain financial hub for Bitcoin, offering a seamless ecosystem that includes a Bitcoin-backed stablecoin, BTC-backed lending, yield-generating accounts, and a credit card. Avalon Token (AVL) functions as the governance token of Avalon Labs. Beyond governance, AVL incentivizes the integration of USDa into the broader DeFi ecosystem, driving adoption and potentially boosting sUSDa yields. Staking AVL reduces borrowing rates for USDa in its lending product, unlocking idle BTC liquidity. sAVL holders can vote on AVL emission mechanisms, building a Bribe Market to optimize capital efficiency further.

The total supply of AVL is 1 billion tokens, forming a core component of the platform’s utility and governance framework.

The event runs from Feb. 12 to Mar. 12, 2025, allowing AVL holders to access exclusive earning opportunities. AVL is available through Bybit Spot trading, with conversion support via Bybit Convert. Fixed Savings plans are structured for a 7-day term at 25% APR and a 15-day term at 50% APR. Rewards are allocated on a first-come, first-served basis and distributed daily during the event period.

“Bybit is committed to bringing high-potential digital assets to our users, and AVL is a prime example of innovation by the largest issuer of Bitcoin-backed stablecoins,” said Joan Han, Sales & Marketing Director at Bybit. “With the exclusive launch of AVL and its integration into Bybit Earn, we’re excited to provide our community with unique opportunities to maximize their crypto holdings.”

Bybit is the first exchange to list AVL, reinforcing its commitment to expanding the availability of innovative digital assets. Since its establishment in 2018, Bybit has become a key player in cryptocurrency trading, providing access to spot and derivatives markets, earning solutions, and advanced trading tools. Recognized for its strong security infrastructure and user-centric experience, Bybit continues to drive advancements within the digital asset space.

Avalon Labs not only focuses on the lending market but also introduces cutting-edge synthetic dollar protocols like USDa, offering users enhanced capital efficiency and liquidity. Avalon seamlessly integrates the dual advantages of lending and synthetic assets, delivering a more flexible and efficient DeFi experience.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

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Pepedose has successfully raised over $300,000 within 24 hours, marking a milestone in its mission to transform decentralized finance (DeFi). Following this support, Pepedose is excited to announce the official launch of $PEPD, a community-driven MemeCoin project designed to merge innovation and engagement within the DeFi space. As the first phase of the Pepedose ecosystem, $PEPD will serve as the foundation for staking, potential liquidity provision, and community-driven initiatives, fostering a strong and engaged network of users.

“Raising an incredible amount in just one day is a true reflection of the strength and unity of the Pepedose community,” said HeisenPepe, Creator of Pepedose. “This is not just a token launch, it’s the beginning of a movement that puts power back into the hands of the people.”

The launch of $PEPD marks the first step in building a decentralized financial system where users actively participate in governance, rewards, and project development. By prioritizing community involvement, Pepedose is setting the stage for a financial network that thrives on engagement and shared success.

$PEPD Key Features:

• Seamless staking opportunities to maximize rewards.
• Liquidity provision incentives for contributing to the ecosystem’s stability.
• A rapidly growing community dedicated to long-term innovation in DeFi.

Next Phase: The Introduction of the mETH Layer 2 Blockchain

Following the fundraising event, Pepedose is preparing to transform the DeFi space with the introduction of the mETH Layer 2 blockchain. Designed to optimize scalability, mETH will provide:

• Lightning-fast transactions with reduced fees.
• An enhanced user experience for seamless DeFi interactions.
• A foundation for advanced financial tools, including staking, and potential liquidity farming.

With mETH as the native token, this next phase will empower users with a high-performance blockchain designed to overcome the limitations of traditional networks.

A Decentralized Future Driven by Community

Pepedose is committed to building an ecosystem that evolves with its users while remaining true to the principles of decentralization, accessibility, and scalability. By combining the power of community driven growth with cutting edge blockchain technology, Pepedose aims to reshape the DeFi landscape for years to come.

About Pepedose

Pepedose is a visionary MemeCoin project dedicated to creating a decentralized and rewarding DeFi ecosystem. With $PEPD as its primary token and the upcoming mETH Layer 2 blockchain, Pepedose is committed to delivering scalable, cost-efficient, and innovative financial solutions for its growing community.

For more information, users can visit the official website: https://pepedose.com.

Social media:

X (Twitter): https://x.com/pepedosecoin

YouTube channel: https://www.youtube.com/@pepedosecoin

Telegram channel: https://t.me/pepedose_official

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

TikTok: https://www.tiktok.com/@pepedosecoin