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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, 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

Hong Kong, Hong Kong, October 4th, 2024, Chainwire

Moongate Protocol, an attention asset protocol disrupting the $1 trillion-plus attention economy, announces significant milestones in its expansion, the launch of its Moon Odyssey community points program, and the upcoming release of its first NFT collection, the Moongate Voyager Pass.

“Moongate Protocol is an attention asset protocol revolutionizing brand-consumer engagement,” says Jonathan Mui, Founder and CEO of Moongate.

Since securing a $2.7 million seed funding round earlier this year, Moongate has rapidly expanded its reach, growing the number of platform creators to over 3,500, who together have issued more than 4,500 smart token campaigns across over 40 countries. Many prominent global brands have adopted the protocol, including Binance, OKX, ComplexCon, TOKEN2049, and Wonderfruit. Overall, Moongate has facilitated over 20 million interactions among more than 1 million end-users.

Building on this momentum, Moongate recently took the on-chain questing phenomenon offline with its newly developed MoonQuest platform, which it unveiled through a partnership with TOKEN2049 Singapore, the world’s largest cryptocurrency conference. By designing interactive quests throughout the TOKEN2049 venue and utilizing smart tokens to reward attendees for their participation, Moongate delivered immersive and engaging experiences while introducing many Web2 users to Web3. The activation drew in over 1,500 participants who completed more than 6,000 quests over two days, demonstrating the effectiveness of smart tokens in large-scale events.

Users can learn more about Moongate’s funding success here.

Expected Token Generation Event and Earning Opportunities

Amidst its rapid growth, there are talks of an upcoming Token Generation Event slated in the coming months. While official details are yet to be announced, speculation suggests that the event could offer new avenues for users to engage with Moongate’s ecosystem.

In anticipation, Moongate has launched Moon Odyssey, a community points program where participants can earn points by completing social tasks and checking into the platform daily. These points will contribute to future rewards, potentially tied to the upcoming TGE. Adding to this excitement, Moongate is also introducing its first NFT collection—the Moongate Voyager Pass. The limited collection of 6,969 NFTs will offer various benefits, with a primary feature being a guaranteed airdrop. The Moongate Voyager Pass is set to launch on October 21 this year on the OKX NFT Launchpad. Official news regarding the launch is available on its website: https://app.moongate.id/quest.

About Moongate

Moongate is an attention asset protocol disrupting the $1T+ attention economy. The protocol consists of two key layers—a utility layer for brands to issue smart token campaigns for real-world engagement, and a data layer where such on-chain engagement data are monetized at scale by key stakeholders. Moongate aims to disintermediate centralized platforms to maximize brand-consumer value. It also introduces an innovative “engage-to-earn” mechanism that promotes active consumer participation for brand rewards and a share of $MGT emission.

To learn more users can visit Moongate’s Official Website | Twitter | LinkedIn

Contact

CEO
Jonathan Mui
Moongate
jon@moongate.id