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Vilnius, Lithuania, August 8th, 2024, Chainwire

WhiteBIT, one of Europe’s largest crypto exchanges, has announced the launch of a new product—the WhitePool mining pool. This innovative platform marks a significant step in the development of WhiteBIT ecosystem and opens up extensive opportunities for professional miners.

The global cryptocurrency mining market is set for growth, with its market size expected to reach approximately $2.45 billion in 2024 and a projected compound annual growth rate (CAGR) of 12.90% through 2032. As the cryptocurrency sector continues to evolve, Bitcoin miners are seeing daily returns currently at $30.72 million—a 6.27% increase compared to the previous year. This growth underscores the potential and expanding opportunities within the cryptocurrency mining industry.

To cater to professional miners seeking an efficient and streamlined cryptocurrency mining solution, WhiteBIT crypto exchange has introduced its own mining pool, WhitePool. Featuring a user-friendly interface and support for the SHA256 algorithm, it ensures optimal resource allocation and potential returns for miners. Participation requires users to register on WhiteBIT exchange and connect their mining equipment.

“WhitePool prioritizes miners’ interests by offering top-tier service for efficient collective mining. Our objective was to establish a mining pool that not only meets current demands but also sets a new benchmark for the industry, expanding opportunities for the mining community and evolving alongside them,” said Volodymyr Nosov, CEO of WhiteBIT.

Following its successful launch, WhitePool is currently featured in the top 15 mining pools ranking due to its high hashrate and benefits for users.

Functional and Clear Interface

An essential feature of WhitePool is its user-friendly interface and comprehensive functionality for monitoring equipment and tracking rewards. Users can easily monitor equipment status and set notifications for changes in worker states.

Accrual of Rewards Without Additional Fee

Typically, users must reach a minimum BTC amount, manually initiate fund transfers, wait for processing, and manage wallets to receive rewards. With WhitePool, rewards are automatically credited in Bitcoin (BTC) to the user’s main exchange balance without any additional steps. This eliminates the need for manual fund transfers, waiting for transaction processing, and paying network fees.

FPPS Reward Model

WhitePool operates on the FPPS (Full Pay Per Share) reward model. FPPS ensures miners receive rewards for each share contributed, regardless of whether the pool finds a block. This approach guarantees a predictable rewards stream, as payouts are made based on each share contributed, irrespective of the pool’s success in finding blocks.

VIP Program for High-Power Miners

The VIP program offers several benefits, including reduced commissions, stable rewards for miners using powerful equipment, and additional features to be announced soon.

All users who connect their equipment to WhitePool from August 1 to August 31 will receive VIP status for two months (from August 1 to September 30) and enjoy a 50% discount on the commission, paying only 1%. The standard fee is 2%.

Professional Multilingual Support Team Available 24/7

The expert support team is available 24/7 to assist miners in English, Spanish, Turkish, and other languages for seamless communication.

WhitePool is an integral part of the WhiteBIT crypto exchange infrastructure, recognized as one of the top 3 most secure exchanges through audit by Hacken.io.

About WhiteBIT

WhiteBIT is one of the largest European centralized crypto exchanges founded in 2018. The exchange offers 520+ trading pairs, 270+ digital assets, and 10 state currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, FACEIT. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.

Contact

WhiteBIT PR Service
pr@whitebit.com

Willemstad, Curacao, August 9th, 2024, Chainwire

Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals.

Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard.

In an X post, Mario Mosböck stated the pair’s ‘mission is to guide the new leadership group to build the world’s best online poker site.’

Users can read CoinPoker’s proof of reserves report here.

Building A Top Online Poker Site With Cryptocurrency

Founded in 2017, CoinPoker is a relatively new crypto poker room and casino, but increasingly ranked among the top online poker sites by the likes of Card Player Magazine, PokerScout and Techopedia.

Unlike conventional internet poker sites that use fiat currency, on CoinPoker players bet with Tether (USDT) and the site is able to take advantage of the blockchain to show user funds are safe and segregated. 

Online poker was rocked by the Full Tilt Poker scandal in 2011, in which user funds were co-mingled with operating funds, and the company went insolvent in the industry’s ‘Black Friday’.

Many top poker sites increasingly accept cryptocurrencies as a deposit method, but CoinPoker is among a small and growing contingent to go ‘all in’ and embrace it for all actions at the poker table. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin or its own native token CHP which unlocks 33% rakeback for holders.

For added security, CoinPoker also makes use of Fireblocks vaults and a decentralized RNG (random number generator) software that players can verify the randomness of after every hand, utilizing Ethereum’s Keccak-256 algorithm.  

CoinPoker Sign Mario Mosböck, Patrick ‘Pads’ Leonard

28 year old Mario Mosböck, who played as a forward for Austrian Football club Wiener Neustädter SC, recently made a name for himself on the live and online poker scene.

He now has over $11.7 million in recorded live tournament earnings, including a first place finish at the Triton Super High Roller Series in Jeju for $1.1 million, and a runner-up finish at the 2023 WPT Big One for One Drop for $4.6 million.

Source – triton-series.com

Mario players under the screenname ‘livinmydream’ on CoinPoker, often seen in high stakes battles in $25/$50 PLO cash games and higher.

Patrick Leonard is a former PartyPoker ambassador and currently ranked 38th on the England all time money list by the Hendon Mob poker database. His total live earnings exceed $3.1 million – including a WSOP bracelet win – and his online earnings of over $19.2 million have seen the 35 year old often rated among the best online MTT players in the world.

https://x.com/padspoker/status/1821575144504172892

Also a highly regarded poker coach, Patrick mentors mid stakes players to improve their games, with some of the grinders under his wing going on to win EPT, WCOOP and SCOOP events.

He describes his goal at CoinPoker to help ‘create the safest and best online poker room in the world’ and worked alongside the site to produce its proof of reserves report.

Proof of Reserves on the Blockchain

On its PoR report, CoinPoker writes:

‘CoinPoker prioritizes customer security and peace of mind. Our operations are safeguarded by a Curaçao eGaming License, ensuring compliance with strict regulatory standards. We demonstrate our financial integrity through Proof of Reserves, holding sufficient funds to cover all user assets. Proof of Reserves refers to the assets we hold in custody for users when they deposit funds into their accounts. 

Here we provide proof that CoinPoker has funds held in reserve to cover all of our users’ assets 1:1, as well as some additional reserves. It’s important to note that this sum of funds refers only to users’ funds. CoinPoker’s corporate holdings, which are stored in wallets completely separately, are not factored into the proof of reserves calculations.’

At this time, CoinPoker customer deposits total approximately $16 million, and the total assets held in reserve to cover those is just under $16.75 million, equal to 105% of deposits.

The exact amount of player deposits is updated dynamically every few minutes on the coinpoker.com website.

Links are provided to view those funds on the blockchain via etherscan.io, blockchain.com, bscscan.com, and other crypto tracking sites depending on the token.

The majority of funds are held in cold storage for security, with some in hot wallets to process instant withdrawals – players can deposit and withdraw funds within minutes via a MetaMask wallet or a crypto exchange account.

To celebrate releasing the report, CoinPoker also announced an exclusive promotion for players to gain free entry into the upcoming $40k GTD Sunday Special tournament, on the company’s Instagram and other socials.

About CoinPoker

Licensed in Curaçao, CoinPoker is available for free download on Windows and Android devices, hosting No Limit Hold’em, Pot Limit Omaha and other game types across real money cash game and tournament formats. 

New players earn a 150% up to 2000 USDT matching bonus on their first deposit, and holders of the site’s native cryptocurrency CHP earn 33% rakeback on their play.

Users can open a Coinpoker account here.

Links

• Website – https://coinpoker.com/ 
• Instagram – https://www.instagram.com/coinpoker/ 
• Twitter – https://x.com/CoinPoker_OFF 
• Telegram – https://t.me/OfficialCoinPokerAnnouncements 
• YouTube – https://www.youtube.com/@CoinPoker_TV 
• Reddit – https://www.reddit.com/r/coinpoker/ 
• 2+2 – https://forumserver.twoplustwo.com/292/online-poker-sites/coinpoker-ex-official-bringing-game-back-players-1716591/ 

This article is provided for informational purposes only and is not intended to be construed as legal, financial, or tax advice. Readers should not rely solely on the information presented herein and should consult with their own legal, financial, or tax professionals regarding their specific situations. The author(s) and publisher make no representations or warranties concerning the accuracy or completeness of the information contained in this article. Reliance on any information provided in this article is solely at your own risk.

Contact

CoinPoker
support@coinpoker.com

Miami, Florida, August 9th, 2024, Chainwire

Valhalla is entering a partnership with Sunderland AFC for the full 24/25 season, including a prominent back of shirt sponsor position.

 The package includes:

• 4 minutes of in-game pitchside LED display at all home league fixtures.
• Interview backdrops at The Academy of Light – at pre-game press conferences.
• The tunnel at the Ground – for TV interviews. Within the Ground – for post-game press conferences following home league games.
• Static pitch-facing static perimeter advertising site at The Stadium of Light.
• Extensive online advertising at SAFC.COM.
• Monthly “Goal of The Month” feature across SAFC social channels.
• SAFC social posting to promote the Valhalla brand.

Delivery

Brand exposure to a global audience, with a TV audience of over 21 million and over 4.5 thousand broadcast hours. During the season, EFL games have visibility across major broadcasters such as Sky, ITV, beIN, Viaplay, Nova TV, Setanta, ESPN, and DAZN.

This partnership also offers a strong digital dimension with over 4 million followers across major social platforms with 1.7 million on Facebook and 1 million on X.

The Club

Sunderland AFC is a storied English football club with a rich history and heritage. Founded in 1879, the club is based in Tyne and Wear, England, and has a long-standing tradition of passionate support and competitive spirit. Sunderland’s trophy cabinet includes several prestigious honours. 

In addition to their six league titles, the club has won the FA Cup twice.

About Valhalla

Valhalla is a spin on the classic Creature-Collection adventure set in a vibrant, lively, MMORPG open-world inspired by Norse mythology. Players interact with a diverse set of eccentric creatures called Veras, discovering, taming, training, and trading them. Alone or as a clan, players partake in a dynamic, player-driven economy to rise in community ranks and achieve tactical supremacy on the hexagonal-grid battlefield.

Website: Valhalla.game

About Floki

Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing. Floki currently has over 490,000 holders and a strong brand recognized globally thanks to strategic marketing partnerships.

Website: Floki.com

Contact

Community Relations Officer
Pedro Vidal
Floki
marketing@floki.com

Vancouver, Canada, August 8th, 2024, Chainwire

With the rise of the meme coin market, Yawn introduces itself as the first meme token embedded within a $1 billion ecosystem. As part of the Boys Club, YAWN allows holders to potentially gain from its expanding brand and community-focused initiatives.

YAWN aims to establish a unique position in the cryptocurrency market, leveraging advancements in technology and AI. $YAWN is supported by experienced e-commerce marketing professionals known for their success in scaling online businesses. Their involvement is expected to drive the growth and success of YAWN in both the e-commerce and crypto sectors.

YAWN’s World: Merchandise and an Expansive Product Lineup

One thing that sets YAWN apart from a token like DOGE or PEPE is its merchandise and supplement offerings. 

Available on the official Yawn E-shop (https://shop.yawnsworld.com), offerings include Sleep Gummies, Creatine, Hangover Strips, and Calming Capsules. Upcoming merchandise such as shirts, hoodies, hats, and plushies will further solidify the brand’s presence.

The YAWN ecosystem will also benefit from celebrity endorsements and extensive influence campaigns across various platforms. Future developments include a YAWN Sleep App designed to optimize users’ sleep and an AI-integrated wallet featuring a chatbot to assist traders in the crypto space. Additionally, a YAWN Web3 game is under development, integrating $YAWN, NFTs, and other rewards for users.

$YAWN Tokenomics and Security

An important aspect of the YAWN ecosystem is the tokenomics of the crypto. The total supply is 8 billion tokens where there’s a 0% tax, with no transaction fees on trades.

Additionally, 80% of the liquidity is locked for 1 year. That will make sure that there is stability with a $75,000 ETH match for the first year. The project also has a 10% development fund, with a 90-day time lock that is released daily, as well as a 5% marketing fund that is 60-day time locked and also released daily.

Finally, the token has a 5% centralized exchange fund. This will reserve tokens for a future listing on a CEX exchange. Any unused funds will be time-locked thereafter. Those will be used for liquidity, burning, or adding to a staking pool.

Security measures are robust, with the token audited by CoinMarketCap auditor Cyberscope, ensuring focus on security during rapid growth.

The Roadmap

For any crypto, the roadmap is tremendously important. YAWN features a four-phase outline:

Phase 1: The first step will be the $YAWN token launch and a marketing blitz. That will allow for clear brand establishment in the crypto space. An already developed supplement and merchandise brand alongside a notable celebrity and influence ad campaign. The products will also launch on both Amazon and TikTok shops.

Phase 2: Release of a brand-new NFT collection and additional CEX listings

Phase 3: This aspect of the plan will see the launch of GPU/Node services. It will also be the phase where the YAWN AI Sleep App is unveiled. Along with the application, the ecosystem will also introduce its own AI wallet.

Phase 4: This is where Web3 gaming comes in, as YAWN game development goes into overdrive. Additionally, DAO empowerment takes place, positioning the meme coin among the market’s most beloved cryptos.

How to Acquire $YAWN Tokens

$YAWN is available for purchase on the MEXC exchange and the decentralized exchange Uniswap. The contract address for $YAWN is 0x881d4C8618D68872fA404518B2460eA839A02a6a.

Become Part of the YAWN Community 

For those interested in the expanding YAWN brand, joining the community offers a way to engage with and contribute to the ecosystem. Users can follow the project on its website, Telegram, X (formerly Twitter), and Coinmarketcap for updates and participation opportunities.

About YAWN

YAWN’s World is a pioneering meme token embedded within a billion-dollar ecosystem, merging cryptocurrency innovation with e-commerce. Supported by a team of seasoned marketing professionals, YAWN offers a diverse range of products, including supplements and merchandise, and aims to transform the meme token market with advanced AI technology and a unique product lineup.

Contact

Jue Lu
Support@yawnsworld.com

London, United Kingdom, August 7th, 2024, Chainwire

Blockchain-based solution drives significant improvements in data visibility, accuracy and operational efficiency within cargo handling sector, according to research conducted by Aventus at Heathrow Airport

Airlines can benefit from overall cost savings in their cargo handling operations by leveraging Web3-based solutions, according to a study conducted by Aventus & Airport Perishables Handling (APH) at Heathrow Airport.

The existing toolset used for global ULD management has remained unchanged since the 1990s and relies heavily on manual data inputs, resulting in critical challenges with data visibility and accuracy, secure information sharing, and costly ULD losses, damages and delays – costing airlines north of $1.6 billion annually. 

Web3, through blockchain technology, offers a robust solution to the challenges of traditional ULD management, by: 

• Enabling immutable, tamper-proof records that provide a single source of truth, eliminating disputes and improving regulatory compliance;
• Reducing administrative overhead and minimize errors by automating manual processes via self-executing smart contracts; 
• Enabling real-time visibility into ULD location, custodianship and condition, and streamlining data sharing to enable airlines to optimize operations.

In a pilot study conducted at Heathrow Airport, Aventus, an industry-leading provider of end-to-end Web3 solutions for enterprises and parachain on Polkadot, found that its end-to-end blockchain-based cargo handling solution drives improvements in data visibility, accuracy and operational efficiency within the cargo handling sector.

• 90% reduction in communication and error incidents as a result of digitized data capture; 
• 83% reduction in manual documentation time;
• 81% reduction in time between ULD stock updates from 3-4 hours to just 30 minutes, enabling real-time decision-making; and
• 28% reduction in loading times as a result of optimized ULD loading workloads.

Alan Vey, Founder at Aventus, comments: “These results are truly remarkable, underscoring the transformative potential of blockchain for not only the aviation industry but for supply chains globally. We are proud to be empowering enterprises to enhance data accuracy, reduce operational inefficiencies, and achieve greater transparency. As we expand our partnerships across North America, Europe, the Middle East and Asia, we anticipate these results to only improve via network effects.”

Michelle Roosevelt, Director at Aviation Perishables Handling, adds: “Aventus’ technology is fast and responsive, which is key in our busy airport environment. We’ve seen huge improvements in productivity. The app is more than a tool – it’s reshaped how we manage and track our aircraft containers, and the Aventus team’s support and expertise in meeting our needs has been outstanding.”

Aventus’ aviation solution brings partnerships with major enterprises to the Polkadot ecosystem, including Aviation Perishables Handling at Heathrow Airport, Vodafone’s Digital Asset Broker, as well as other major airlines across Asia and the Middle East.

For more information on the study, users can download the full report here. 

About Aventus

Aventus transforms how customers create trust and unlock growth, crafting pioneering Web3 solutions for brands, from creating more connected, integrated experiences to enhancing traceability, transparency, and product authentication. Founded in 2020, Aventus is the only trusted digital product extension platform that provides a secure and reliable Web3 environment for customers to launch market-leading programs and product activations. 

With deep industry expertise and a strong understanding of enterprise needs, Aventus delivers the best feature sets of Web3 with the familiarity of Web2, driving significant brand reputation, trust, and enterprise growth for its customers. Its production-ready, end-to-end Blockchain-as-a-Service software is modular, scalable, and interoperable, giving clients the flexibility they need to respond to rapidly-evolving market opportunities.

Contact

Head of Marketing
Ellie Hyman
Aventus
ellie.hyman@aventus.io

Brisbane, Australia, August 7th, 2024, Chainwire

Australian gemstone company NYBlue Pty Ltd has emerged as a key player working to redefine the global gemstone market. The company’s strategic venture involves a plan to secure control over the world’s blue zircon supply, a move that holds the potential to reshape the value dynamics of the global gemstone market. 

Previously this month, the company released its whitepaper, detailing its current pre-sale and subsequent public float of its ‘real world asset’ cryptocurrency, following its announcement of holdings of more than one million carats of the rare gemstone.

NYBlue’s primary strategy lies in systematically increasing its current holdings, to continue acquiring all available Cambodian blue zircons, establishing control over the supply chain and potentially influencing the future value of these precious stones.

Earlier today company representatives were interviewed on CryptoBanters’ Town Hall podcast, to announce the launch of their RWA token pre-sale which has garnered considerable interest from the crypto community since being announced earlier this year.

A video released by NYBlue questions rhetorically “What would be a more appropriate display of affection, for your significant other; a piece of compressed, common, carbon, or instead something more ancient than Earth, exceedingly rare, and twice as brilliant as diamond? 

NYBlue majority shareholder, Mitch Brownlie has stated “We believe that Cambodian blue zircon deserves recognition as one of the most extraordinary, underappreciated and undervalued gemstones on the market” 

The Australian company NYBlue; is financed by Australian AgTech founder & former political advisor; Mitch Brownlie, who has recently discussed the project on various podcasts; often comparing the NYBlue project with a previous gemstone rally; when the African gemstone ‘tanzanite’ surged from obscurity, to reach parity with Diamond. 

Tanzanite Spot Price – An inspiration for NYBlue.

NYBlue draws inspiration from the historical trajectory of the tanzanite market, where prices experienced a tenfold increase over three years. The company anticipates a similar trajectory for zircons, aligning its strategy with past successes to project a potential surge in value. 

NYBlue, has previously announced its plan to launch its gemstone-backed cryptocurrency codenamed ZIRC where each token is fully backed by and redeemable for a 1-carat blue zircon gemstone. This approach allows consumers to benefit from the rise of blue zircon without the risks of volatility associated with traditional cryptocurrencies. Owners of Zirc tokens will have the option to redeem their cryptocurrency for gemstones at any time, ensuring a stable, arbitrage-enforced peg between the two assets. 

NYBlue aims to acquire the majority of globally available gem-quality blue zircons, effectively positioning itself as a dominant force in the market. This approach is designed to exert influence over the supply chain, creating a ripple effect on the market value of blue zircons across the industry.

NYBlue’s strategic initiative is not a short-term play; it is an ambitious endgame to secure a controlling stake in the multi-billion-dollar gemstone market. With a collection of gemstones valued at around $300m, NYBlue aspires to redefine the gemstone narrative on a global scale. This venture positions the company as a significant player, with the potential to impact the industry’s landscape for years to come.

In their quest for dominance in the gemstone market, NYBlue has announced a new and highly disruptive initiative; the launch of a blockchain-backed cryptocurrency named ZIRC, with each unit of the blockchain being fully backed by; and redeemable for a 1 carat blue zircon gemstone. This innovative approach allows individuals to participate in the potential rally of blue zircon values, by offering exposure to the underlying commodity without the inherent risks associated with traditional highly volatile cryptocurrencies.

Buyers have the option to redeem their ZIRC tokens for actual gemstones at any time, effectively eliminating the possibility of the token’s value dropping below the market price of the gemstone itself, providing consumers with a tangible and secure asset. This strategic integration of blockchain technology not only enhances transparency and security but also democratises access to the exclusive world of the international gemstone trade.

NYBlue’s PreSale is now live on Zir.co.nz

About Zirc

Zirc offers a cryptocurrency fully backed by blue zircon gemstones. Each ZIRC token is redeemable for a 1-carat blue zircon, providing a stable and tangible asset. The platform aims to integrate blockchain technology to enhance transparency and security, making it accessible for individuals to participate in the gemstone market without the risks associated with traditional cryptocurrencies. Zirc’s approach democratizes access to blue zircons and offers a unique investment opportunity backed by real-world assets.

Contact

Director
Mitch Brownlie
NYBlue Pty Ltd
redeem@nyblue.com

Grand Cayman, Cayman Islands, August 6th, 2024, Chainwire

Sui’s new Mysticeti protocol cuts consensus latency to 390 ms, elevating its industry-leading tech and developer stack to new highs.

Sui, the pioneering Layer 1 blockchain known for industry-leading performance and infinite horizontal scaling, today announced the successful deployment of Mysticeti on Sui Mainnet after a successful run on Testnet. This innovative protocol cuts consensus latency to an astonishing 390 milliseconds, establishing Sui as the fastest consensus layer in the industry.

Developed from extensive research into Byzantine fault tolerance (BFT) consensus mechanisms, Mysticeti represents a significant advancement from Narwhal-Bullshark, the consensus algorithms launched with Sui Mainnet over a year ago. Mysticeti achieves unprecedented transaction speeds, extending Sui’s impressive low latency performance across all transaction types on the network.

Sui’s object-oriented architecture allows the network to process transactions differently based on the characteristics of the transaction and the objects involved. Transactions on Sui involving only “owned objects,” such as peer-to-peer transfers, bypass the need for consensus, following a fast-path execution that completes in a shorter time. Now, with Mysticeti, transactions involving shared objects, such as those in marketplaces or collaborative game assets, are processed using an optimized version of BFT consensus that results in lower latencies nearly akin to those of owned object transactions. Mysticeti minimizes cross-validator communication and fully utilizes network bandwidth to maintain high throughput.

Live on Testnet for the past three months, Mysticeti’s remarkable results – including an 80% reduction in latency – generated significant buzz within Sui’s developer community and a broad desire to see the update pushed to Mainnet. With the update now live, the Sui Network can handle tens of thousands of transactions per second with end-to-end latencies well below one second.

“Mysticeti’s successful deployment is a testament to the collaboration between research and engineering, and the validator community that has integrated this new consensus mechanism,” said Dmitri Perelman, Head of Engineering at Mysten Labs. “Mysticeti is a next-generation consensus protocol that sets a new standard for blockchain transaction speeds and puts Sui at the forefront of our industry.”

Kevin Nelson, Co-Founder & CTO of Aftermath Finance, which created a leading DeFi protocol on the network said, “Mysticeti’s shift to minimizing latency for the general case—shared object transactions—marks a significant advancement across many sectors on Sui, particularly within the Sui DeFi ecosystem. The rollout to Mainnet has already begun to show tangible results, with noticeable latency reductions across our entire product suite. At Aftermath, we are excited to leverage Mysticeti’s full capabilities to deliver more efficient, lower latency products to market.”

Rabeel Jawaid, Co-founder of leading derivatives exchange Bluefin said, “On-chain settlement latency just dropped significantly on Bluefin with the Mysticeti upgrade! P50 consensus latency currently is just under 400ms and E2E client latency when measured via a fullnode is under 1s for P50, which as far as I know is the fastest in Web3 right now – especially at scale with parallelization. With this upgrade, the trading experience on Bluefin has already become more seamless for retail, and our institutional partners have started to scale their flow and liquidity on the platform.”

Bonkman, the pseudonymous Founder of Hop, a DEX aggregator on Sui said, “Hop allows users to interface with Sui DeFi. This makes it dependent on Sui’s consensus mechanism and before Mysticeti swaps took roughly 2-3 seconds. Now, nearly every single swap takes less than 1 second to execute and reach finality. In all of web3, there has never been a better DeFi experience that is present today on Hop via Mysticeti.”

Contact

Sui Foundation
media@sui.io

George Town, Grand Cayman, August 5th, 2024, Chainwire

Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer-level security, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, a first-of-its-kind program that rewards ZRC and a chance to win large prizes in proportion to gas spent on the Zircuit network.

To reward users who participated in its highly successful staking program with over $2B staked, Zircuit also opened Season 1 Airdrop claims. Users who staked assets in the Season 1 points campaign may now claim their tokens.

During the Mainnet Phase 1 stage, users will be able to bridge funds to Zircuit’s Mainnet and interact with projects in Zircuit’s ecosystem including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, Shoebill, and more. Developers are also welcome to deploy applications on Zircuit mainnet and join the thriving ecosystem of over 60 projects. 

As part of the launch, Zircuit is hosting the Zircuit Mainnet Festival which rewards users with ZRC tokens whenever they pay gas fees on Zircuit mainnet. Additionally, participating users will have the chance to win prizes, and a super prize of 100,000 ZRC. This festival encourages users to interact with the network and experience the benefits of Zircuit while earning ZRC tokens and prizes.

Mainnet Phase 1 will introduce a cap on the amount that each wallet can bridge, with caps increasing over time. During this initial phase, users may bridge ETH only, with other assets slated to be added progressively. This allows Zircuit to launch in the most secure way possible and provides a broader distribution of Zircuit rewards to smaller wallets. 

During this phase, Zircuit opens the ZRC token claims portal to reward users who were early contributors and participants in the network. Those who earned Zircuit Points in Season 1 of Zircuit Staking will be eligible. While tokens are claimable during this time, they will be non-transferable until a later date. To prepare for the asset migration in Phase 2, where staked assets will transfer from Ethereum mainnet to Zircuit mainnet, Zircuit will start collecting wallet addresses from users who intend to move their staked assets once the network is fully live. 

“Launching the first phase of mainnet is a significant milestone for us. Developers and users can now experience the full benefits of Zircuit and our breakthrough technology, sequencer-level security. In addition, the Mainnet Festival is a first-of-its-kind mechanism that most directly rewards early active users. We see Zircuit as the foundation for the next wave of innovation in web3 and we look forward to seeing what decentralized applications will be built on Zircuit next,” stated Martin Derka, co-founder of Zircuit.

Zircuit protects users from hacks through its built-in, automated AI techniques that guard users against smart contract exploits and malicious actors. Bolstered by its strong security infrastructure, Zircuit is the central hub for restaked assets featuring unparalleled security and allowing users to earn industry-leading yields natively. Zircuit is the premier liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users enjoy stronger security guarantees and trust.

During Mainnet Phase 1, users can explore the Zircuit ecosystem on zircuit.com/#ecosystem and explorer.zircuit.com and bridge ETH to Zircuit Mainnet at bridge.zircuit.com. Zircuit’s Mainnet Phase 2 is set to launch in August. 

Users can claim their tokens by visiting claim.zircuit.com and participate in the Zircuit Mainnet Festival by visiting festival.zircuit.com.

To learn more about Zircuit, users can visit zircuit.com or read the developer docs at docs.zircuit.com 

About Zircuit 

Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds of performance and security. To learn more users can visit zircuit.com or follow us on Twitter/X @ZircuitL2

Contact

Jessica
Zircuit
jessica@zircuit.com

WILLEMSTAD, Curacao, August 5th, 2024, Chainwire

BC.GAME and Cloud9 Esports extend their existing partnership with Cloud9’s acquisition of the Dota 2 esports team Entity.  As part of the deal, the European-based Entity has been renamed Cloud9 BC.GAME Dota 2.

Entity is a prominent European Dota 2 team known for its strong performance and high rankings in the competitive Dota 2 scene. The team has consistently demonstrated its prowess in various tournaments and achieved impressive global rankings, recently securing first place at 1win Series Dota 2 Spring 2024.

The rebranded Cloud9 BC.GAME Dota 2 team will make its debut at The International 2024, one of the largest events in esports.

Cloud9 has a strong track record of supporting the Dota 2 scene. Cloud9 first joined the Dota 2 scene in 2014. Their roster included notable players such as Jacky “EternaLEnVy” Mao, SingSing, Johan “N0tail” Sundstein, and Kurtis “Aui_2000” Ling, which helped establish their presence in the competitive Dota 2 landscape. With their renewed presence, Cloud9 is committed to dedicating significant resources to support the team’s competitive growth and potential.

As a leading platform, BC.GAME offers a wide range of esports products, including Counter Strike, Dota 2, and places a strong emphasis on compliance, having recently secured a new Curacao LOK license.

CEO of BC.GAME Jack Dorset said, “We are excited to strengthen our partnership with Cloud9 and make significant strides in the Dota 2 scene. This collaboration is an opportunity for us to push the boundaries of what we can achieve in esports and deliver exceptional experiences for our community”.

“We’re thrilled to reignite our presence in the Dota 2 scene and further our ongoing partnership with BC.GAME,” said Jack Etienne, Co-Founder and CEO of Cloud9. “BC.GAME’s dedication to supporting our teams and creating engaging content for our fans is invaluable. This collaboration allows us to bring even more exciting experiences to the Cloud9 community.”

The Entity acquisition marks the second collaboration between BC.GAME and Cloud9. In August 2022, BC.GAME partnered with Cloud9, becoming their official Gaming and Sports Betting Partner. BC.GAME will continue to support Cloud9 in all CS initiatives while the team strives to bring home major titles.

Both partnerships were facilitated by SportQuake, a leading sports marketing agency.

About BC.GAME

BC.GAME is a community-based crypto platform that offers its players the best online gaming experience possible. Launched in 2017, BC.GAME is among the first platforms to support the Lightning Network. Users can enjoy more than 8,000 games including sports, slots, and live table games. Recently, the platform has partnered with several top brands and athletes, including English Premier League team Leicester City, the Argentina National Football Team, and esports organization Cloud9.

Users can learn more:  https://bc.game

About Cloud9 Esports

Cloud9 Esports is a leading esports team that competes in various games and tournaments. Founded in 2013, Cloud9 rapidly emerged as one of the pioneering esports organizations in North America. Cloud9 Esports boasts several remarkable accomplishments that include clinching the 2018 Rocket League World Championship, emerging victorious in the inaugural Overwatch World Championship, and holding the distinction of being the sole North American team to secure a Counter-Strike Major win and advance to the semi-finals of the League of Legends World Championship.

Users can learn more: https://cloud9.gg/

Contact

Olivia Dixon
BC.GAME
oliviadi@bcgame.com

Singapore, Singapore, August 5th, 2024, Chainwire

Hybrid cryptocurrency exchange GRVT (pronounced “gravity”), ZKsync’s first official Validium ZK Chain, launches its Open Beta Testnet today. After months of anticipation, the 2.5 million waitlisted testers can now experience GRVT’s cutting-edge features.

Blending the strengths of both CEXs and DEXs, GRVT empowers users with self-custody of their assets and offers off-chain order matching combined with on-chain settlements at an impressive 600,000 transactions per second (TPS). This unique model ensures that transactions benefit from the speed of off-chain processes, while all asset settlements remain secure and verifiable on the blockchain.

To celebrate the Open Beta Testnet launch, GRVT offers exclusive rewards to early participants:

• Be among the first 30,000 users to complete KYC verification and win from a pool of 2.4 million $ZK tokens and 600,000 raffle tickets.
• Claim raffle tickets immediately upon verification.
• To claim $ZK tokens, participate on Mainnet Day 1 (more details about Mainnet will be announced later).

“GRVT aims to revolutionize financial markets by integrating blockchain technology and self-custody solutions into both TradFi and DeFi,” said Hong Yea, Co-Founder and CEO of GRVT. “We are thrilled to open our platform to the public. By applying blockchain settlement and trustless risk management to centralized order book infrastructure, GRVT is transforming trading and investment while upholding traditional security controls. I believe this approach, starting with crypto markets, can reshape the entire financial landscape.” 

GRVT’s development is backed by Matter Labs, the creator of ZKsync, along with support from prominent industry partners and investors, including Delphi Ventures, Matrix Partners, Hack VC, ABCDE Capital and so on.

For more information and to join the GRVT community, users can visit grvt.io.

Disclaimer: Cryptocurrencies carry high risks. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our [Risk Disclosure and Disclaimer] in full.

Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore (“MAS”). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.

About GRVT

GRVT (pronounced “gravity”) is a hybrid derivatives exchange enabling off-chain order matching and on-chain settlements at 600,000 TPS. Founded in 2022 and backed by Matter Labs, GRVT is ZKsync’s first official Validium ZK Chain. Our mission is to democratize the financial market with secure, self-custodial solutions, providing a safe, efficient and simple trading environment for everyone.

GRVT official website: https://grvt.io/ 

For media inquiries, users can contact: press@grvt.io 

Social and Community: X | LinkedIn | Telegram | Discord

Contact

Reed Li
GRVT
press@grvt.io