Blockchain Press Releases
Shanghai Electric Named One of China’s 500 Most Valuable Brands by World Brand Lab
SHANGHAI, June 27, 2023 /PRNewswire/ — Shanghai Electric (SEHK:2727, SSE:601727) (“the Company”) has been recognized as one of China’s 500 Most Valuable Brands, according to an annual list published by World Brand Lab, a world’s leading research institute specializing in digital marketing and brand valuation. The 2023 edition of the report, which gauges companies’ brand status based on their financial data, brand strength, and consumer behavior, shows that Shanghai Electric holds the 48th position with a brand value of RMB 172.58 billion (USD 23.99 billion), marking the seventh consecutive year that the Company made it to the Top 50.
“The ranking once again attests to Shanghai Electric’s commitment to technological innovation as the cornerstone of the Company. We view innovation as the driving force behind our rapid development, strengthening our competitiveness as a green-focused company while exploring technological breakthroughs to empower China and beyond to achieve low-carbon targets. Meanwhile, we also place openness and win-win cooperation at the core of our business strategy as we endeavor to bring more value to our partners and accelerate global industrial development,” said Liu Ping, President of Shanghai Electric.
“As we strive to catalyze the innovation of China’s high-end equipment industry, Shanghai Electric has established itself as a key player on the global stage. Over the past few years, we have participated in over 100 power engineering products under the Belt and Road initiative, exploring effective and efficient construction and management models and experience that refine our expertise and equip us with industry-leading solutions,” he added.
Leveraging Green Innovation to Decarbonize Industries
Taking the forefront in driving sustainable growth for the energy and industrial sectors, Shanghai Electric is committed to advancing the development of new power systems and zero-carbon industrial park solutions with the aim to help its customers and partners in reducing carbon emissions. Moreover, Shanghai Electric is actively expanding and diversifying its solution portfolios, facilitating partners in their transition towards greener power sources.
In partnership with the municipal government of Nantong City, Shanghai Electric has established Hengxi Photovoltaic Technology Co., Ltd as a springboard to propel Nantong’s new energy industry to greater heights. The new company will be instrumental in forming a photovoltaic industry cluster and strengthening the synergy of the solar sector of the city, with the initial phase of the project set to have a production capacity of 4.8 GW for high-efficiency heterojunction (HJT) solar cells and modules.
Armed with seventy years of experience in industrial design, the Shanghai Institute of Mechanical & Electrical Engineering (SIMEE) plays a pivotal role in driving low-carbon development by delivering solutions that help its partners and customers trim down their carbon emissions. The institute, which has clinched over 300 national and provincial awards, holds over 110 patents and invests RMB 100 million in its R&D initiatives for upgrading manufacturing processes, equipment development, and the formulation of new design standards. Volkswagen’s Changsha factory designed by the institute has been granted China’s Green Building Label Certificate for achieving the highest green standards and adopting BIM design management for the entire process.
As the fourth industrial revolution fuels innovations in IoT, big data, robotics, and AI to drive low-carbon production, Shanghai Electrics also harnesses its technological prowess in these fields to provide intelligent manufacturing automation solutions for industries such as lithium batteries, aerospace, automobiles, and security. Shanghai Electric’s lithium battery production line achieves 30% energy savings and a 60% cost reduction, while its aviation automation solutions, which encompass industry-leading lithium battery production equipment, industrial robots, and aerospace automation systems, provide one-stop services for building smart factories.
Pushing for Power Revolution with Win-Win Cooperation
For decades, Shanghai Electric is pioneering global energy innovation to drive green development for the power sector, bringing both economic and social benefits for users worldwide with its solutions that unlock new possibilities.
2023 marks a new milestone as the Company has completed a 168-hour trial operation of the 660 MW coal-fired power station unit 2 in the Yanghuopan coal-electricity integration project. Designed by Shanghai Electric–SPX Engineering & Technologies Co., Ltd., the project is the first of its kind powered by natural ventilation direct cooling (NDC) system which delivers exceptionally better performance in terms of energy efficiency, emissions reduction, noise reduction, frost resistance, and operational flexibility compared with mechanical ventilation direct cooling (ACC) and natural ventilation indirect cooling (ISC) systems.
Shanghai Electric Power Engineering Company has been selected as the general contractor for Phase I and Phase II projects of the renewable energy power station in Selangor, Malaysia. A key project commissioned by the state’s government to boost the local economy while enhancing the well-being of residents, the station is capable of processing 2,900 tons of waste per day, as well as helping decontaminate and reuse half of the solid waste generated within the state.
In the UK, the 20.8 MW Low Farm project, the seventh installment among a series of eight photovoltaic projects in the country constructed by Shanghai Electric, has been connected to the grid, contributing to the UK’s renewable energy capacity and supporting the country’s efforts in transitioning towards a greener and more sustainable future. The official operation of the project reinforces Shanghai Electric’s position as a leader in the global new energy market and showcases its capability in building large-scale photovoltaic projects in the Western markets that uphold high standards of quality for infrastructure construction.
About Shanghai Electric
Shanghai Electric Group Company Limited (SEHK:2727, SSE:601727), a leading global supplier of industrial-grade eco-friendly smart system solutions with a presence around the world, is dedicated to smart energy, intelligent manufacturing, and the integration of digital intelligence. With the focus on low-carbon development and digital transformation by opening up new arenas and promoting new growth drivers, Shanghai Electric will strive to be a leader in the pursuit of peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060, new energy equipment production, and high-end equipment localization, utilizing the boundless opportunities in an innovative industrial ecosystem along with global partners.
For more information, please visit https://www.shanghai-electric.com/group_en/
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Blockchain Press Releases
Bybit x Block Scholes Report: BTC Options Steady with Call-Put Parity, ETH Braces for Short-Term Volatility
DUBAI, UAE, Jan. 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report in collaboration with Block Scholes. The report sheds light on key trends in open interest and market behavior during the significant year-end options expiration for Bitcoin (BTC) and Ethereum (ETH).
Key highlights:
Open Interest Solid Amid Year-End Options Expiration
Although open interest in BTC and ETH perpetual swaps has not returned to the early December 2024 highs, it remained stable during the critical year-end options expiration. This stability suggests that traders did not heavily rely on perpetual contracts to hedge the delta of expiring options, which contributed to the muted volatility observed during this period. Trading volumes dipped during the winter holiday season, aligning with a collapse in realized volatility, which reached its lowest levels of December.
BTC Option Curve Remains Steep During Call-Put Parity
Contrary to expectations, the expiration of December’s options did not spark a surge in volatility. Instead, realized volatility declined to the lower end of its recent range. The implied volatility term structure for BTC options remains steep, with longer-dated implied volatility hovering around 57% and 1-week at-the-money options trading approximately five points lower. Most of the expired open interest has not been reinvested, maintaining a neutral call-put balance. As a result, BTC’s options market shows limited leverage compared to its position at the beginning of December 2024, reflecting a cautious sentiment.
Huge ETH Option Expiring Doesn’t Cause Volatility
Despite the substantial expiration of ETH options in late December 2024, market dynamics remained stable. A spike in realized volatility during December failed to extend into the new year, with ETH’s spot price currently showing lower volatility compared to short-tenor implied volatility. Over the past week, the implied volatility term structure for ETH options has shifted, steepening briefly before flattening again, diverging from BTC’s consistently steep profile. This pattern suggests that ETH’s options market is bracing for potential short-term volatility in spot price movements.
Interestingly, despite the expiration, call options for ETH have gained momentum at the start of 2025, dominating the market and indicating an optimistic outlook among traders.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full Bybit x Block Scholes Crypto Derivatives Analytics Report.
#Bybit / #TheCryptoArk / #BybitLearn / #BybitResearch / #BTC100K
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.
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Blockchain Press Releases
KuCoin Launches KuCoin Pay, a Merchant Solution Leading the Future of Crypto Payments
VICTORIA, Seychelles, Jan. 2, 2025 /PRNewswire/ — In a significant leap forward for digital commerce, KuCoin has unveiled KuCoin Pay, a pioneering merchant solution designed to catalyze business growth by integrating crypto payments into the retail sector. This innovative system bridges the gap between traditional retail and crypto, offering contactless and borderless transactions. Leveraging KuCoin’s robust infrastructure—trusted globally and serving over 37 million+ users – KuCoin Pay is poised to open new opportunities for merchants and users to thrive in the evolving digital economy.
KuCoin Pay is committed to reducing transaction fees and facilitating immediate settlement of crypto payments, simplifying the process for businesses to manage transactions efficiently. The platform supports an extensive range of cryptocurrencies and blockchain networks, significantly broadening the global reach of payments.
The process for merchants is straightforward: integrate KuCoin Pay into their payment systems, allowing customers to complete purchases through KuCoin by scanning a QR code or via the KuCoin app. This integration ensures a frictionless checkout experience, fostering greater consumer confidence and satisfaction.
Additionally, KuCoin Pay is integrated within the KuCoin app, enabling businesses to tap into KuCoin’s extensive user base while simplifying the buying process for everyday items for users. Daily requests such as gift cards and mobile top-ups can be done seamlessly, further promoting widespread crypto adoption.
KuCoin Pay represents a major milestone in driving the mainstream adoption of crypto and marks a pivotal step in KuCoin’s ongoing commitment to enriching the blockchain ecosystem. For more information on KuCoin Pay and how it can transform your business, please visit the KuCoin Pay website.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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Blockchain Press Releases
KuCoin Advances the “Menstrual Equity Project”, Benefiting 4,000 Women in the Bahamas
NASSAU, Bahamas, Jan. 2, 2025 /PRNewswire/ — On December 31, 2024, the “Menstrual Equity Project” , jointly initiated by KuCoin, Global CSR Foundation, and the American Medical Women’s Association (AMWA), has made new progress. The second batch of aid supplies has been successfully shipped to the Bahamas, providing urgently needed sanitary products for 4,000 local women and effectively improving their quality of life.
The “Menstrual Equity Project” aims to offer sustainable menstrual hygiene solutions to marginalized women and girls, aligning with the United Nations’ Sustainable Development Goals (SDGs). As the oldest multi-specialty medical organization promoting women’s advancement in the medical field and improving women’s health, AMWA’s mission is in perfect alignment with KuCoin’s commitment to social responsibility.
With the support of the Office of the First Lady of Commonwealth of Bahamas H. E. Ann Marie Davis, this round of donated materials focuses on disposable menstrual pads. This decision reflects the local challenges of water scarcity and high washing costs, while also providing essential emergency supplies for women during natural disasters such as hurricanes and typhoons.
Since KuCoin made a firm commitment to social welfare initiatives during the “KuCoin Green Future Gala” at the 28th United Nations Climate Change Conference (COP28) in 2023, the company has actively fulfilled its corporate social responsibilities. The “Menstrual Equity Project” has become a key initiative under this commitment.
In March 2024, the project’s first phase was implemented, distributing 1,000 menstrual kits—each containing 10 sanitary pads and 2 menstrual cups—to Suriname, St. Jude Children’s Research Hospital, and domestic violence shelters in New York and California.
The smooth delivery of the second batch of supplies to the Bahamas will benefit 4,000 women.
Jing Zhao Cesarone，President of Global CSR Foundation, commented:”KuCoin has set a remarkable example in addressing period poverty in underserved regions, demonstrating its enthusiasm and dedication to social responsibility.”
Nancy Cheung, KuCoin’s Chief Sustainability Officer (CSO), emphasized:”As a global leader in the digital economy, KuCoin is committed to advancing the UN’s Sustainable Development Goals (SDGs). Looking ahead, we will continue to focus on key areas such as climate change, health, and education, driving more philanthropic initiatives to fruition. We also plan to expand the scope of the ‘Menstrual Equity Project,’ collaborating with more international organizations to improve women’s living conditions and contribute to global sustainable development.”
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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