Blockchain Press Releases
BGC Partners Completes Corporate Conversion to Full C-Corporation, Name Change to BGC Group, Inc., and Ticker Symbol Change to “BGC”
NEW YORK, July 3, 2023 /PRNewswire/ — BGC Group, Inc. (Nasdaq: BGC) (“BGC Group,” “BGC” or the “Company”), a leading global brokerage and financial technology company (formerly BGC Partners, Inc.), today announced that it has completed its corporate conversion to a Full C-Corporation.
The Company has also changed its name to “BGC Group, Inc.” and changed its Nasdaq ticker symbol to “BGC” from “BGCP”. The Company has also updated its main website to http://www.bgcg.com and its investor relations website to http://ir.bgcg.com.
Management Comments
Howard W. Lutnick, Chairman of the Board and Chief Executive Officer of BGC, said: “Today represents an important step for BGC, with its conversion to a simpler, more efficient corporate structure.
We believe our new structure will attract a broader and more diversified investor base over time. We plan to deliver growth and significant long-term value to our shareholders. With improving trading conditions across our business and the upcoming launch of FMX, our electronic U.S. Treasury, Rates Futures, and Spot FX platform, this is an exciting time to be a part of BGC.”
About BGC Group, Inc.
BGC Group, Inc. (“BGC”) will trade on Nasdaq at the market opening on July 3, 2023, under the new ticker symbol “BGC”, following the corporate conversion of its predecessor BGC Partners, Inc. (formerly Nasdaq: BGCP). BGC is a leading global brokerage and financial technology company. BGC, through its various affiliates, specializes in the brokerage of a broad range of products, including Fixed Income (Rates and Credit), Foreign Exchange, Equities, Energy and Commodities, Shipping, and Futures. BGC, through its various affiliates, also provides a wide variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions. Through its brands, including Fenics®, FMX™, FMX Futures Exchange™, Fenics Markets Xchange™, Fenics Digital™, Fenics UST™, Fenics FX™, Fenics Repo™, Fenics Direct™, Fenics MID™, Fenics Market Data™, Fenics GO™, Fenics PortfolioMatch™, BGC®, BGC Trader™, kACE2™, and Lucera®, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Group, BGC Partners, BGC Trader, GFI, GFI Ginga, CreditMatch, Fenics, Fenics.com, FMX, Sunrise Brokers, Poten & Partners, RP Martin, kACE2, Capitalab, Swaptioniser, CBID, Caventor, LumeMarkets and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC and/or its affiliates.
BGC’s customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC’s Class A common stock trades on the Nasdaq Global Select Market under the ticker symbol “BGC”. BGC is led by Chairman of the Board and Chief Executive Officer Howard W. Lutnick. For more information, please visit BGC’s new website at http://www.bgcg.com. You can also follow BGC at http://ir.bgcg.com.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see BGC’s Securities and Exchange Commission (“SEC”) filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K, and in the SEC filings and prior reports filed with respect to BGC’s predecessor BGC Partners, Inc. with the SEC under its prior ticker symbol BGCP.
Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975
Investor Contact:
Jason Chryssicas
+1 212-610-2426
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DUBAI, UAE, March 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest Bybit Commodity Insight Report. The report provides key insights into the macroeconomic and geopolitical trends driving gold’s bullish trajectory, analyzing the factors that could push the precious metal to new all-time highs.
Key Highlights:
- Bullish Outlook: Gold is expected to surpass $3,000 per ounce in 2025, supported by strong macroeconomic and geopolitical factors.
- Inflation Hedge: Persistent inflation above the Federal Reserve’s target strengthens gold’s role as a hedge against currency devaluation.
- Monetary Policy Shifts: Anticipated U.S. interest rate cuts could boost gold’s appeal over interest-bearing assets.
- Geopolitical Tensions: Global conflicts, including U.S.-China tensions and the Russia–Ukraine war, are driving demand for safe-haven assets.
- Central Bank Demand: Record-breaking gold purchases, especially by China and Russia, provide structural support for higher prices.
- Technical Momentum: Breaking past $3,000 could accelerate gains toward $3,200–$3,500.
- Investor Confidence: Strong ETF inflows and speculative positioning signal a bullish market sentiment.
Macroeconomic Drivers
With inflation projected to remain above 2%, gold continues to serve as a hedge against declining purchasing power. The Federal Reserve’s expected rate cuts could further increase demand, as lower real interest rates make gold more attractive than fixed-income assets.
Geopolitical Uncertainty
Ongoing conflicts and global instability are reinforcing gold’s safe-haven appeal. Historically, gold has outperformed during periods of geopolitical stress, with investors turning to it as a hedge against uncertainty. The current environment suggests this trend will continue.
Central Bank Accumulation
Central banks purchased over 1,000 metric tons of gold in 2024, a trend expected to persist as countries like China and Russia diversify away from the U.S. dollar. This steady accumulation supports prices and limits downside risk.
Technical Strength & Market Sentiment
Gold remains in a strong uptrend, with key resistance levels in focus. A break above $3,000 could trigger further gains, while ETF inflows and rising futures positions indicate strong investor confidence.
Conclusion
Gold’s path to $3,000 is driven by inflation, central bank demand, geopolitical uncertainty, and positive technical indicators. As global instability persists, gold’s status as a safe-haven asset is expected to strengthen.
For a deeper analysis of these trends, access the full Bybit Commodity Insight Report from Bybit.
#Bybit / #TheCryptoArk /#BybitResearch/#BybitLearn
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About Bybit |
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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 |
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Blockchain Press Releases
AB Token Now Live on Bitget, with a $3.5 Million Airdrop to Boost Global Ecosystem Expansion
SINGAPORE, March 3, 2025 /PRNewswire/ — AB DAO announced that $AB has been officially listed on Bitget (bitget.com) in the Innovation Zone and Web3 Zone, further expanding its global trading channels and accelerating AB’s adoption in the Web3 space. This listing marks another significant milestone for the AB DAO ecosystem, allowing more users to trade and hold $AB conveniently while enhancing market liquidity.
Bitget: A Top 3 Global Exchange
As a leading cryptocurrency exchange, Bitget is known for its secure, efficient, and innovative trading experience and has ranked among the top three exchanges on Coingecko, demonstrating its strong market presence. With $AB now listed on Bitget, AB DAO has gained increased global exposure, allowing mainstream traders direct access to participate in the AB ecosystem.
Bitget x AB Carnival: Share 235,502,000 AB Worth $3.5 Million
To celebrate $AB’s official listing on Bitget, both parties have launched a $3.5 million AB airdrop event. Tens of thousands of BGB, BTC, ETH holders, as well as depositors and traders, will have the opportunity to receive rewards. This initiative will bring in a large number of new token holders, significantly enhancing AB DAO’s global ecosystem influence.
Airdrop Events:
Event 1: PoolX – Stake BTC, ETH, and BGB to Earn AB
- Total Airdrop Pool: 165,607,000 AB
Event 2: CandyBomb – Deposit & Trade to Earn AB
- Total Airdrop Pool: 69,895,000 AB
Event Details:
https://www.bitget.com/support/articles/12560603823486
AB Trading Pair Information
- Trading Pair: AB/USDT
- Deposit Open: Open
- Trading Open: March 3, 2025, 18:00 (UTC+8)
- Withdrawal Open: March 4, 2025, 19:00 (UTC+8)
AB DAO Ecosystem Continues to Expand
With the Bitget listing, users can also trade $AB on the following exchanges:
- HTX (htx.com)
- MEXC (mexc.com)
- 4E (eeee.com)
- BingX (bingx.com) (Coming Soon)
- BitMart (bitmart.com) (Coming Soon)
The $AB listing on Bitget is a key milestone in AB DAO’s global expansion strategy. Moving forward, AB DAO will continue to integrate with more trading platforms, expand use cases, and accelerate ecosystem development.
Stay Updated on AB DAO
- Official Website: https://ab.org
- Telegram Community: https://t.me/Newtonproject
- Telegram Channel: https://t.me/AB202528
- X (Twitter): https://x.com/ABDAO_Global
- Discord: https://discord.gg/BSbgK6J
- Medium: https://medium.com/@AB.org
View original content:https://www.prnewswire.co.uk/news-releases/ab-token-now-live-on-bitget-with-a-3-5-million-airdrop-to-boost-global-ecosystem-expansion-302389987.html
DUBAI, UAE, March 1, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive derivatives trading challenge featuring USDT—the leading USD-denominated stablecoin—with a substantial prize pool of 500,000 USDT.
Throughout March, advanced crypto traders participate in the Bybit USDT Derivatives Trading Challenge for a share of the half-million USDT prize pool. The tiered benefits are as accessible as USDT itself—participants will receive USDT bonuses proportional to their contribution to the event’s total trading volume, regardless of PnL% performance. This inclusive approach ensures both individual qualified traders and institutional participants can earn supplementary rewards beyond their potential trading gains.
From now to Mar. 31, participants may sign up for the event and start accumulating eligible trading volume in USDT derivatives products on Bybit. The more they trade, the larger their share of the prize pool.
“This Bybit-exclusive trading challenge demonstrates USDT’s instrumental role in powering sophisticated trading opportunities that were once limited to traditional finance. By fusing Bybit’s professional-grade trading infrastructure with USDT’s stability, we’re empowering traders to unleash their full potential and earn additional rewards while navigating the dynamic world of derivatives trading,” said Joan Han, Sales and Marketing Director at Bybit.
With a market cap exceeding $140 billion, USDT has held its throne as the most traded stablecoin since its launch in 2014. By maintaining a steady one-to-one peg with the US dollar, USDT is blockchain’s answer to the need for a stable, borderless medium of exchange. In the fast-moving derivatives markets, USDT offers a trusted anchor for agile trading strategies with the reliability of the US dollar. The central role of USDT in this trading challenge reflects both its dominance in the digital economy and its success in expanding access to sophisticated trading instruments like options and futures, particularly in regions underserved by traditional financial infrastructure.
Users may find more about the event, eligibility requirements and other terms and conditions: [USDT Festival] Derivatives Trading Challenge: Trade to Win a Share of 500,000 USDT
#Bybit / #TheCryptoArk
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]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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