Blockchain Press Releases
EVE Energy Executive Share Insights on Power Battery Industry Chain Resilience at Forum
YIBIN, China, June 25, 2023 /PRNewswire/ — EVE Energy, a leading lithium-ion battery manufacturer and energy storage solutions provider, was on hand to demonstrate the company’s industry expertise at the 2023 World Power Battery Conference held from June 8th to 10th in Yibin, China. EVE Energy was honoured with its inclusion on the forum’s “List of the World’s Enterprises of Outstanding Contribution to Industry Development” during the Global Entrepreneurs Night.
Ms. Zhou Hongyan, Vice President and Regional President for Sichuan Province at EVE Energy, was invited to deliver a keynote speech at the event on June 10th. She shared insights into the high-quality and sustainable development of the industry chain.
Attendees highlighted the importance of a closed-loop industry chain and its accompanying clustering effect. By actively collaborating with various partners, EVE Energy has set up a robust strategic supply chain that can ensure the stability and cost-effectiveness of nickel-cobalt-lithium resources as well as other key materials.
EVE Energy has also showcased its commitment to digitalization by implementing advanced technologies within its factories. The company has successfully integrated Manufacturing Execution Systems (MES) into production processes, facilitating comprehensive information coverage across operations, production, sales, and services, while ensuring the highest product quality and thereby achieving a zero-defect rate for pouch batteries.
During her speech, Ms. Zhou Hongyan expressed optimism about EVE Energy’s prospects, emphasizing their commitment to the global transformation towards green and low-carbon mobility.
“EVE Energy has achieved stable development and remarkable accomplishments over the years,” she said. “In the next three to five years, we anticipate moving into a new phase of high-quality development, working together with global institutions to promote electrification of transportation, and contributing to the sustainable development of the power battery industry chain.”
With a solid foundation and diversified business structure, EVE Energy has grown into a globally competitive, high-quality lithium battery producer. With core technologies covering power cell development and system integration, the company provides products and solutions spanning cells, modules, BMS, and systems. These are widely used in new energy passenger cars and commercial vehicles, as well as new energy construction machinery, energy storage, and electric ships. It has formed a whole industry chain layout of “nickel, cobalt, lithium mine – battery material – battery production – battery recycling – battery regeneration”.
The company has achieved impressive results in recent years, with total revenue hitting 2.4 billion dollars in 2021 and income from power batteries exceeding 1.4 billion dollars. In 2022, company revenue doubled annually to hit 5 billion dollars.
EVE Energy actively positions itself as an upstream and downstream player to strengthen supply chain stability. The company has collaborated on investments with partners like Jin Kunlun, Huayou Cobalt, BTR, Dynanomic, Semcorp, and Capchem to achieve a solid positioned in the industry chain.
The company also stated at the event how it is intensifying efforts to achieve “Next-Door Supply” during industrial collaboration. By separating supply across raw and recycled materials and recycled batteries, EVE has refined the recycling and utilization process for waste materials and batteries at its Jingmen production base. In the future, this processes could be expanded.
According to the keynote, EVE Energy has grasped the opportunity to digitally upgrade, leveraging advantages to build digital and smart factories. This enables the company to optimize resource allocation across all aspects, the entire value chain, and the complete industry chain. By embracing digital transformation, EVE Energy proactively understands customer-perceived quality and promotes business innovation and transformation while achieving the internationalization of a high-quality and sustainable lithium battery business.
EVE Energy has established 2,856 production control points and traceability systems covering some 70 processes during the power battery production process. This comprehensive information monitoring regarding process quality allows the company to trace and track the entire lifecycle of a product, reducing energy consumption. With ppb-level consistency across all products, the company strives for 100% customer satisfaction. Over the past five years, the company’s pouch batteries have delivered over 20 GWh, powering more than 400,000 vehicles without any incidents of fires or batch defects, along with a 0% failure rate for two consecutive years.
For more information about EVE Energy, please visit https://www.evebattery.com/en.
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Blockchain Press Releases
Movement Network Foundation Announces Public Mainnet Beta Now Live with $250M+ TVL
Innovative day-one liquidity fuels the latest Move blockchain network launch
GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to advancing MoveVM technology, today announced the successful launch of Movement Public Mainnet Beta, with an impressive $250M in at-launch Total Value Locked (TVL) from the Cornucopia program. This milestone enables permissionless smart contract deployment and user onboarding for the first time and allows everyone to freely build on and use Movement, the only Move-based chain that settles to Ethereum.
Cornucopia Deepens Liquidity
“Securing over $233 million in TVL through our Cornucopia program is a clear validation of the market’s confidence in Movement,” said Cooper Scanlon, Co-Founder of Movement Labs. “This level of day-one liquidity is exceptionally rare for a new network and gives us, our builders, and our community a significant advantage. It allows us to skip the months-long bootstrapping phase and immediately provide the foundation needed for meaningful DeFi adoption and utility.”
Cornucopia provides Movement Network with substantial day-one liquidity across BTC, ETH, MOVE, and stablecoin assets, addressing one of the primary challenges new networks face: the “cold start” problem. Developed with industry leaders including Concrete, Veda Labs, Echelon and Canopy, this robust financial foundation enables Movement to support sophisticated DeFi applications from day one.
Public Mainnet Beta Launch: Features
Movement Network is a secure and scalable network of Move-based chains secured by Ethereum, creating safer execution environments through the Move programming language originally developed by Meta to power safer, better digital economies. Movement is the Network’s first chain.
Public Mainnet Beta key features:
- Permissionless smart contract deployment
- Full user onboarding and engagement
- Attestations of block states will be committed to Ethereum as part of the Movement’s Fast Finality Settlement.
- Canonical Movement bridge via LayerZero
“With Public Mainnet Beta, developers can now deploy smart contracts without approval, and users can freely engage with the Movement ecosystem. This marks the beginning of a new chapter for Move-based technology, combining robust security and better performance with Ethereum’s network affects” added Rushi Manche, Co-Founder, Movement Labs.
The launch features the canonical Movement bridge powered by LayerZero, enabling users to seamlessly transfer MOVE (the network’s native gas token), USDT, USDC, wBTC, wETH, and more to the Movement chain.
The Movement Network Foundation will continue to launch additional features over time as the ecosystem evolves.
For more information about Movement Public Mainnet Beta, For more information about Movement’s Developer Mainnet, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.
About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.
MEDIA CONTACT:
Carmen Pearson
Head of PR & Communications
Movement Labs
[email protected]
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Blockchain Press Releases
Movement Network Foundation Announces REX-Osprey™ Funds Files for First U.S. Movement ETF as Public Mainnet Beta Launches
First Movement ETF Filing Will Provide U.S. Investors with Exposure to Movement Ecosystem
GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to advancing MoveVM technology, today announced that REX-Osprey has filed for a new exchange-traded fund (ETF) focused on $MOVE. If approved, this ETF would be the first providing exposure to Movement through traditional financial rails. Simultaneously, the Foundation announced the successful launch of Movement Public Mainnet Beta, with $250M in at-launch Total Value Locked (TVL) from its Cornucopia program.
“This filing represents a historic moment not just for Movement, but for the entire Move landscape,” said Rushi Manche, Co-Founder of Movement Labs. “Breaking the pattern of ETFs limited to long-established cryptocurrencies opens doors for institutional capital to support next-generation blockchain innovation.”
“Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” noted Cooper Scanlon, Co-Founder of Movement Labs. “This ETF represents the convergence of innovative financial products with cutting-edge blockchain architecture.”
ETF Provides Traditional Market Access to $MOVE
The Move programming language, originally developed by Meta, empowers Movement developers to create more efficient, more secure smart contracts. If approved, the ETF would allow investors to gain exposure to Movement through traditional brokerage accounts and retirement vehicles without the technical complexities of direct token management.
Public Mainnet Beta Launches with Substantial Liquidity
Concurrent with the ETF filing announcement, Movement Network Foundation has successfully launched its Public Mainnet Beta with $250M in Total Value Locked (TVL). This day-one liquidity provides the network with immediate utility.
The Public Mainnet Beta enables permissionless smart contract deployment, full user onboarding, and Ethereum settlement. It gives users and builders the full benefits of Move and the MoveVM. Users can access the network through the canonical Movement bridge powered by LayerZero.
For more information about Movement Public Mainnet Beta, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.
About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.
MEDIA CONTACT
Carmen Pearson
Head of PR & Communications
Movement Labs
[email protected]
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Blockchain Press Releases
Market Needs a Stronger Boost than Trump’s Crypto Strategic Reserve: New Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, March 10, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest weekly crypto derivatives analytics report with Block Scholes as President Trump signed the executive order to establish a strategic BTC reserve on Thursday.
In the first week of March, crypto market movements suggested traders had digested the positive news and pulled towards bearish territories with a declining S&P 500 and growing skepticism surrounding ETH and SOL. This waning enthusiasm is evidenced by a notable increase in demand for short-term protective options as investors seek to mitigate potential risks in the evolving market landscape.
Key Highlights:
- Stable Funding Rates: Following President Trump’s announcement on Mar. 2, the spot prices of involved cryptocurrencies surged. However, funding rates for these assets have not reached extreme levels, remaining relatively stable compared to highs seen prior to Trump’s inauguration. This suggests a balanced demand for long positions, indicating subdued short interest in the market.
- Volatility in ETH Options: The enthusiasm surrounding ETH was quickly tempered as ongoing tariff discussions contributed to bearish market sentiment. This has resulted in a notable increase in realized volatility, surpassing options-implied levels. As traders seek protection, the market has seen a shift in short-term volatility towards puts, reflecting a cautious outlook.
- Decline in SOL Open Interest: The report also notes a decrease in open interest for Solana options at the end of February. Despite the inclusion of SOL in the proposed crypto reserve, open interest has not seen a corresponding uptick, with a majority of new positions still favoring calls, albeit at a lackluster pace.
Access the Full Report
For detailed insights, readers may download the full report.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/market-needs-a-stronger-boost-than-trumps-crypto-strategic-reserve-new-bybit-x-block-scholes-crypto-derivatives-report-302396850.html
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