chainwire

Paris, France, October 9th, 2024, Chainwire

Coded Estate has successfully closed an oversubscribed angel funding round with investments from Mozaik Capital, Hyperion Ventures, Black Dragon, Dutch Crypto Investors, and more. In addition, Coded Estate formally announces the launch of its “Pre-Season Mainnet Campaign”, an initiative aimed at bootstrapping the platform with early liquidity and setting the stage for its mainnet release on top of Sai Perpetuals, powered by Nibiru Chain.

“We’re thrilled to close our angel round and to have such esteemed investors on board,” said Co-founder, Didrik Angell. “Our mission is to redefine real estate transactions through the blockchain, making ownership more accessible and fun! Partnering with Nibiru enhances our capabilities, and the pre-season campaign is just the beginning as we prepare to launch a platform that will change how people invest in real estate forever.”

Leveraging Blockchain for Real Estate Innovation

Coded Estate seeks to transform the $280 trillion global real estate market through blockchain technology. Founded by a team of blockchain experts with experience building applications on Solana, Thorchain, and Sei Network, Coded Estate aims to create a Web3 hub for real estate. 

The platform will support on-chain property sales and rentals while offering fractional ownership and enhancing market transparency through the use of dynamic NFTs (dNFTs), hybrid smart contracts, and zero-knowledge proofs (ZKPs). 

“By integrating these technologies, Coded Estate will allow users to invest in fractional ownership of properties, making real estate markets more accessible and efficient. The platform is designed to overcome traditional barriers to property investment and speculation, with a focus on transparency and ease of use,” said Co-founder Didrik Angell.

Strategic Integration with Nibiru

Coded Estate’s strategic move to Nibiru—a blockchain and a smart contract ecosystem with a high-performance, EVM-equivalent execution layer (Nibiru EVM). The Nibiru blockchain is engineered to meet the growing demand for versatile, scalable, and easy-to-use Web3 applications. 

Nibiru EVM, which was released for alpha testing in June 2024, will significantly expand market reach and facilitate seamless integration with the broader cryptocurrency ecosystem. This functionality will also open up Coded Estate and other Wasm-based applications on Nibiru to the vast Ethereum user base. 

Pre-Season Mainnet Campaign to Introduce Early Liquidity

Coded Estate formally announces its Pre-Season Mainnet Campaign, designed to reward platform adopters with exclusive benefits. This campaign marks the culmination of Coded Estate’s journey from concept to execution and invites users to seed the initial liquidity pool and receive exclusive benefits, such as early adopter incentives. The campaign also integrates with Sai, a decentralized perpetual trading platform launching on Nibiru, which will offer RWA (real world asset) perpetual market opportunities for users. 

About Coded Estate

Coded Estate is the premier Real Estate hub of Web 3.0. The platform brings homes on-chain, rentals on-chain whilst transforming fractional ownership and housing market speculation into accessible, efficient and transparent markets leveraging dNFTS, hybrid smart contracts and zero-knowledge proofs (ZKp).

About Sai

Sai is a newly developed perpetual trading application built on Nibiru. Through its integration with Coded Estate, Sai supports enhanced trading and liquidity management solutions, strengthening the overall ecosystem.

For Media Inquiries:

 info@codedestate.com 

Contact

Media
Coded Estate
info@codedestate.com

Lausanne, Vaud, October 9th, 2024, Chainwire

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

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

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

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

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

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

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

Users can join Zyfi here

About Zyfi

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

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

Contact

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

New York, NY, USA, October 9th, 2024, Chainwire

VanEck Ventures, a $30 million early-stage fund, focuses on investing in fintech, digital assets, and AI startups in the pre-seed and seed stages. VanEck’s strategic expansion into venture capital reflects its long-standing investment philosophy of identifying transformative opportunities early.

The Fund is available to Qualified Purchasers Only, is subject to significant risk and may not be suitable for all investors. Please carefully read the Private Placement Memorandum before investing.

VanEck, a leading global investment management firm, announces the launch of VanEck Ventures, a $30 million early-stage fund dedicated to investing in visionary founders operating at the intersection of fintech, digital assets, and artificial intelligence. This launch marks VanEck’s strategic expansion into venture capital, building on its long-established record of identifying and supporting transformative markets.      

“From pioneering an approach to gold investing in 1968 to recognizing the disruptive potential of Bitcoin in 2017, embracing a long-term view on transformative opportunities has always been part of our investment philosophy. This fund extends that vision into the early-stage venture space,” said Jan van Eck, CEO of VanEck. “We look forward to supporting founders of what we believe are some of the most disruptive companies in fintech—those building the future of finance.” 

VanEck Ventures invests in category-defining founders pushing the boundaries of financial applications and markets leveraging emerging technologies like blockchain and large language models. The fund’s investment philosophy focuses on supporting exceptional teams building at the application layer while maintaining an infrastructure-agnostic approach. The fund’s core investment themes include tokenized assets, internet native financial marketplaces, and next-generation payments building on stablecoins and tokenized capital markets. 

The fund is led by Wyatt Lonergan and Juan Lopez, both seasoned investors with experience in fintech and crypto ventures. Previously, Lonergan and Lopez headed Circle Ventures, the venture arm of USDC-issuer Circle, where they successfully invested over $50 million in early-stage companies ranging from infrastructure to consumer applications. Their leadership, combined with VanEck’s strong reputation in asset management, positions VanEck Ventures as a valuable partner for emerging innovative startups. VanEck’s global workforce and senior leadership support the fund from an operational and advisory perspective.

“Three inflection points core to our investment thesis are starting to reshape the foundation of the internet: stablecoins emerging as an open-source banking layer, the commoditization of blockspace, and AI breakthroughs. The convergence of these is creating unprecedented opportunities for globally connected, user-centric financial experiences, and we are excited to back founders building on these innovations,” said Wyatt Lonergan, General Partner at VanEck Ventures.

The fund expects to make 25 to 35 investments with check sizes ranging from $500,000 to $1 million, focusing on companies that offer both strategic and financial upside. The fund has already made 4 investments yet to be announced. 

“Over the past few years, we’ve seen stablecoins enable seamless, large-scale value storage and transfer along with Linux-like composability,” said Juan Lopez, General Partner at VanEck Ventures. “As several on-chain utilities, focused on programmability and compliance, come to market with growing regulatory clarity, it’s never been a more exciting time to build. Our goal is to be a long-term partner to bold founders defining the next phase of blockchain utility.”

About VanEck

VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of August 31, 2024, VanEck managed approximately $113.9 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.

Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.

General Disclosures

This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned is unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.

The Fund is available to Qualified Purchasers Only. Please carefully read the Private Placement Memorandum before investing. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. There is no guarantee the Fund will achieve its investment objective and investors may lose their entire investment. The Fund is not suitable for all investors. Past performance is not a guarantee of future results. 

The Partnership’s investment program is speculative and entails substantial risks. There can be no assurance that the Partnership’s investment objective will be achieved.

An investment in the Fund involves a high degree of risk, including, without limitation, uncertain returns, market risk, risks associated with Limited Partner default, indemnification risks, illiquidity, possible lack of diversification, lack of management control, tax risks and potential conflicts of interest. There is no guarantee that the Funds’ investment objectives will be achieved.

VANECK ABSOLUTE RETURN ADVISERS CORPORATION (‘VEARA”), THE INVESTMENT MANAGER OF THE FUND, IS A MEMBER OF NFA AND IS SUBJECT TO NFA’S REGULATORY OVERSIGHT AND EXAMINATIONS. VEARA HAS ENGAGED OR MAY ENGAGE IN UNDERLYING OR SPOT VIRTUAL CURRENCY TRANSACTIONS IN THE FUND. ALTHOUGH NFA HAS JURISDICTION OVER VEARA, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY FOR UNDERLYING OR SPOT MARKET VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. YOU SHOULD ALSO BE AWARE THAT GIVEN CERTAIN MATERIAL CHARACTERISTICS OF THESE PRODUCTS, INCLUDING LACK OF A CENTRALIZED PRICING SOURCE AND THE OPAQUE NATURE OF THE VIRTUAL CURRENCY MARKET, THERE CURRENTLY IS NO SOUND OR ACCEPTABLE PRACTICE FOR NFA TO ADEQUATELY VERIFY THE OWNERSHIP AND CONTROL OF A VIRTUAL CURRENCY OR THE VALUATION ATTRIBUTED TO A VIRTUAL CURRENCY BY VEARA.

General Digital Asset Risks

Cryptocurrencies and digital assets are not suitable for all investors. Investments in digital assets and Web3 companies are highly speculative and involve a high degree of risk. These risks include, but are not limited to: the technology is new and many of its uses may be untested; intense competition; slow adoption rates and the potential for product obsolescence; volatility and limited liquidity, including but not limited to, inability to liquidate a position; loss or destruction of key(s) to access accounts or the blockchain; reliance on digital wallets; reliance on unregulated markets and exchanges; reliance on the internet; cybersecurity risks; and the lack of regulation and the potential for new laws and regulation that may be difficult to predict. Moreover, the extent to which Web3 companies or digital assets utilize blockchain technology may vary, and it is possible that even widespread adoption of blockchain technology may not result in a material increase in the value of such companies or digital assets.

Digital asset prices are highly volatile, and the value of digital assets, and Web3 companies, can rise or fall dramatically and quickly. If their value goes down, there’s no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment.

Digital assets are not generally backed or supported by any government or central bank and are not covered by FDIC or SIPC insurance. Accounts at digital asset custodians and exchanges are not protected by SPIC and are not FDIC insured. Furthermore, markets and exchanges for digital assets are not regulated with the same controls or customer protections available in traditional equity, option, futures, or foreign exchange investing.

 Digital assets include, but are not limited to, cryptocurrencies, tokens, NFTs, assets stored or created using blockchain technology, and other Web3 products.

 Web3 Companies include but are not limited to, companies that involve the development, innovation, and/or utilization of blockchain, digital assets, or crypto technologies.

© Van Eck Associates Corporation

©️ Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation

666 Third Avenue, New York, NY 10017

Phone: 800.826.2333

Email: info@vaneck.com

Contact

Director of Public Relations
Garret Shaw
Serotonin
garret@serotonin.co

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

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

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

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

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

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

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

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

Quotes from Endorsers:

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

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

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

About Stablecoin Standard

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

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

Contact

Kevin McGrath
stablecoinstandard@mgroupsc.com

Mahe, Seychelles, October 9th, 2024, Chainwire

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

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

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

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

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

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

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

ATLETA Getting Ready for Mainnet

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

ATLETA’s mainnet will offer a suite of features:

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

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

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

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

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

About ATLETA

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

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

Contact

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

Grand Cayman, Cayman Islands, October 8th, 2024, Chainwire

Sui is the first Move language-based blockchain with native USDC

Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and Circle, the issuer of USDC, today announced that native USDC is live on the Sui Network. With this integration, users of Sui will have direct access to one of the most widely used stablecoins as a native asset on the network, removing the added complexities and risks caused by bridged assets. 

With the launch of native USDC on Sui, users can now enjoy enhanced liquidity and security through direct on-chain representation, eliminating the need to bridge USDC and use external bridges. This transition reduces the risks associated with canonical, or lock-and-mint bridges, offering a more secure experience for asset transfers. 

Additionally, the upcoming integration of Cross-Chain Transfer Protocol (CCTP) will enable seamless movement of USDC across supported blockchains, allowing users to transfer assets swiftly and securely between networks, including Sui. The development opens up significant opportunities for decentralized finance (DeFi) applications on the Sui Network, as protocols can now leverage native USDC to offer improved liquidity, reduced friction, and enhanced user experiences.

“Sui’s integration of native USDC will bring tremendous benefits to developers and users alike,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Native USDC grants the Sui community easy access to one of the world’s most stable digital currencies, and the opportunities it unlocks for the ecosystem are endless.”

Protocols on Sui integrating native USDC on day 1 include Aftermath Finance, Cetus, DeepBook, FlowX, Hop, Kriya, Navi Protocol, Scallop, Suilend, Sui Wallet, Turbos, Typus, and 7K with a number offering swaps from bridged USDC to the new native token.

Contact

Sui Foundation
media@sui.io

Singapore, Singapore, October 8th, 2024, Chainwire

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

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

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

Unlocking Global Cross-Border Payment Flows

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

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

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

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

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

Driving Adoption of Stablecoins

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

About StraitsX

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

About Bitstamp

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

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

Contacts

StraitsX
straitsx@wachsman.com

Dubai, Dubai, October 7th, 2024, Chainwire

VENKO, an alien-themed meme coin launched on the Solana blockchain, has seen early traction with notable achievements, including listings on CoinMarketCap and CoinGecko and an all-time high market capitalization of nearly $3 million on Raydium. Aims to stand out in the competitive meme coin landscape, VENKO integrates its extraterrestrial theme with planned utility-driven platforms such as Alienium and UAPsnap.

Unique Concept and Growing Ecosystem

While VENKO draws inspiration from successful meme coins like DOGE, SHIB, and PEPE, it aims to distinguish itself by offering a comprehensive ecosystem centered around extraterrestrial interests. The development team has outlined a roadmap designed to establish VENKO as a leading player in the meme coin market, leveraging its alien theme alongside broader cultural interest in UFOs and unexplained phenomena.

Alienium: A Social Hub for UFO and Alien Enthusiasts

Alienium, VENKO’s upcoming social platform, is set to serve as a hub for individuals interested in UFOs, aliens, and other unexplained phenomena. Final testing is reportedly complete, and the platform will feature various community-driven activities, including:

• Exclusive events like movie nights and live discussions.
• Alien-themed dating for connecting with like-minded enthusiasts.
• Monetization tools allowing content creators to tip, be tipped, and raise funds for projects such as archeological digs and documentaries.

Alienium is designed to be a niche social network where users can engage with extraterrestrial topics, using $VENKO as the platform’s native currency for premium experiences and features.

UAPsnap: Capturing the Unseen

In addition to Alienium, VENKO is developing UAPsnap, a platform dedicated to reporting and analyzing unidentified aerial phenomena (UAP). Users will be able to capture and share sightings, analyze data, and connect with others interested in tracking unexplained aerial events. The platform is part of VENKO’s broader strategy to provide utility beyond the meme coin hype by appealing to the growing community of UFO and extraterrestrial enthusiasts.

A New Era of Meme Coins

VENKO isn’t just about memes and hype. It’s building a long-term strategy, with goals of reaching 10,000 holders and beyond. Plus, it’s surrounded by experienced industry veterans, including those from leading social media platforms like Facebook, helping shape VENKO’s platforms into the go-to hub for alien and UFO enthusiasts.

With accelerated marketing and growth campaigns in the pipeline, VENKO is positioning itself to be the No.1 alien meme coin.

Roadmap and Future Plans

As VENKO continues its development, the project’s roadmap includes significant milestones such as the launch of its first centralized exchange (CEX) listing on BitMart. The team, which includes veterans from leading social media platforms like Facebook, has also announced plans to grow the community to 10,000 holders through targeted marketing and community engagement efforts. Airdrops and other community-focused rewards are also planned as part of VENKO’s long-term strategy to incentivize user participation and drive adoption.

Looking Ahead: 2024 and Beyond

With ongoing platform development, public tranding, and community-building initiatives, VENKO aims to position itself as a prominent player in the meme coin space, targeting UFO enthusiasts and crypto users alike. The project’s focus on building real-world utility through platforms like Alienium and UAPsnap sets it apart from other meme coins, as it seeks to create a sustainable, community-driven ecosystem.

About VENKO

VENKO is a meme coin built on the Solana blockchain, combining extraterrestrial themes with real-world utility. It offers unique platforms like Alienium, a social hub for UFO enthusiasts, and UAPsnap, a platform for tracking aerial phenomena. The project aims to become a leading meme coin in the cryptocurrency space by integrating community-driven initiatives with long-term utility.

Users can join the VENKO movement today, and get involved with the new alien leader!

Contact

Mr
Marcus Labrinth
info@venko.tech

Dubai, United Arab Emirates, October 4th, 2024, Chainwire

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with BlockScholes, released a comprehensive report deciphering movements in the derivatives market and painted a positive picture of underlying sentiment. 

The latest data revealed that short-term options have only recently mirrored long-term volatility smiles which have consistently favored out-of-the-money (OTM) calls. Spirit remains high in the derivatives market. This is against the backdrop of the volatility premium created by the upcoming U.S. presidential election for options expiring after Nov.5, 2024, and the recent decline in spot prices in September. 

Key Highlights:

• Futures: The surge in trading volume at month-end in Sep mainly concentrated in BTC contracts, and led to a notable decline in open interest as traders opted not to close their positions instead of rolling over. Data showed much lower future activity than that in perpetual swap markets. 
• Perpetuals: The Sep. wave of contract expirations had less of an impact on perpetual swap contracts. Despite a decline in perpetual open interest at the end of the month, it does not translate to a significant decline, especially given the encouraging level of trading volumes recorded over the last two days of Sep.  
• Options: The upcoming U.S. election continues to move markets, heavily influencing the BTC options. Longer-term and short-term options before the election displayed different volatility expectations, while actual volatility has reached new lows for the month since the Fed rate cut. 

Tiding over to Oct, the first week of Q4 saw patterns reflecting the shifting sentiment. The nature of BTC spot prices however dictates sentiment is only one driver among many broader macroeconomic factors. 

Download the Full Report

For a comprehensive analysis and in-depth findings, download the full report here.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Contact

Head of PR
Tony Au
Bybit
tony.au@bybit.com

Thailand, Bangkok, October 7th, 2024, Chainwire

SUI meme token $HIPPO donates 5M Thai Baht and enters into an official charity partnership with Moo Deng’s zoo – Khao Kheow Open Zoo 

The SUI Moo Deng fan token Sudeng  – $HIPPO has officially entered into a charitable partnership with Khao Kheow Open Zoo donating a hugely significant 5 million Thai Baht (approx US$150k) to the zoo and zoos of Thailand.

$HIPPO’s team were in Thailand represented by Kullathida Othong, to creating a strong and lasting charity partnership to support Moo Deng’s zoo and the other zoos of Thailand citing the difficulties the North of Thailand’s wildlife is facing from the current floods.

$HIPPO is a community-focused project and the leading meme on the SUI ecosystem with a current market cap of $160m, the team is looking to create a sustainable ecosystem and will be announcing more significant partnerships and collaborations soon.

About $HIPPO

$HIPPO is the leading community driven meme on SUI, a meme inspired and in support of Moo Deng. No cats, no dogs, only $HIPPO.

To find out more about $HIPPO (Sudeng) please visit https://x.com/hippo_cto

Contact

Mr
Mike M
Hippo CTO
hiippocto@gmail.com