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Blockchain Press Releases

Cobham and Ultra Electronics pledge £5 million investment in UK skills

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The scholarship programme will offer up to 500 students funding for each year of their university education

LONDON, July 10, 2023 /PRNewswire/ — In an effort to support and encourage the next generation of engineers, Cobham and Ultra Electronics, two leading UK defence, aerospace and technology companies have today announced the Cobham & Ultra Scholarship programme for university students from underrepresented groups.

Pledging a total of £5 million to six universities – with the potential of two more to come – that are recognised both in the United Kingdom and globally as leaders in engineering given their reputation and research in the field, the fund hopes to support over a hundred students starting their studies in September 2023 who will receive funding for each remaining year of their undergraduate degree. Supporting up to 500 students over the life of the fund, Cobham and Ultra Electronics have worked with the institutions located across the UK to guarantee the scholarship conditions ensure students most in need of financial support are selected.

Engineering is at the heart of what Cobham and Ultra Electronics do. For example, Ultra Electronics currently employs over 600 engineers in the UK alone, who work on military hardware, satellite communications and projects which ensure the UK and its allies’ national security. The £5 million worth of funding builds on this impressive feat and continues both Cobham and Ultra’s significant investment in advancing defence capabilities and staying ahead of the ever-evolving threat.

The Cobham & Ultra scholarship is a collaboration with engineering faculty leaders from the University of Oxford, University of Strathclyde, University of Nottingham, Northumbria University, Queen’s University Belfast and University of York. These universities have already received their scholarship funding, while discussions around funding agreements are ongoing with two other leading institutions. This collaboration could also potentially see students access a number of added benefits including first-hand mentoring and guidance, should students wish for it.

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In addition, Cobham and Ultra Electronics’ relationship with the prestigious universities will allow the chance for students studying a range of engineering degrees including electrical and electronic, civil and mechanical to explore work experience opportunities and even a year in industry.

Shonnel Malani, Chairman of the Board of Cobham and Ultra Electronics stated: “Ultra Electronics and Cobham’s history are steeped in contributing to the UK’s national security, and through this investment we are ensuring the UK maintains this defensive capability moving forward. This investment unlocks future growth, boosts productivity and will help build the skilled workforce of the future in the UK.

“Further to this, our £5 million pledge to these leading engineering higher-education institutions offers students from underrepresented groups the opportunity to pursue their educational goals and build a stronger platform for success in their future careers and life ambitions.”

For further information please visit: www.cobhamultrascholarship.com.

Cobham

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Cobham is a leading global aerospace and defence company, specialising in technology and services innovation. Respected for providing solutions to the most challenging problems, from deep space to the depths of the ocean. Founded in 1934, Cobham designs and manufactures intelligent hardware for defence, aerospace and space markets.

Ultra Electronics

Ultra Electronics (“Ultra”) is a leading provider of mission–critical defence electronics solutions. Ultra provides highly engineered and mission critical solutions primarily to defence end–markets. Ultra is a leading provider of sonar and radio frequency electronics solutions across marine, air, land and space environments, and has at its core the purpose of supporting a safer tomorrow. The company’s technologies are typically sole–sourced, reflecting the cutting–edge engineering capabilities it provides to many of the world’s largest commercial and military platforms.

View original content:https://www.prnewswire.co.uk/news-releases/cobham-and-ultra-electronics-pledge-5-million-investment-in-uk-skills-301870085.html

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Blockchain Press Releases

Bybit Unveils Liquidity Shield Trading Frenzy with 1,000,000 USDT Prize Pool

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DUBAI, UAE, April 7, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of Liquidity Shield Trading Frenzy, a limited-time initiative designed to empower traders to benefit from Bybit’s leading liquidity and with a chance to win substantial rewards.

From now until May 3, 2025, eligible users may sign up to unlock the Bybit-exclusive protection, offloading pressure of rising volatility in the current market. This program offers participants a chance to compete for a share of a 1,000,000 USDT prize pool across three dynamic activities:

Key Benefits

  1. Liquidity Shield – Trade with Confidence: A 300,000 USDT prize pool has been allocated to help users mitigate slippage risks during market orders on trending USDT trading pairs. This ensures smoother trading experiences. Participants will be reimbursed for slippage up to 10 USDT per trade and up to 1,000 USDT per user, enhancing trading precision and safeguarding traders against sharp price fluctuations.
  2. Ultimate 100 – Rewarding Spot Trading Excellence: Spot traders can demonstrate their skills and climb the leaderboard for a share of the 200,000 USDT prize pool. The top 100 traders by volume stand to win rewards as high as 30,000 USDT. With two tiers—Base Pool ($100,000) and Boost Pool ($200,000)—this activity incentivizes high-volume trading while fostering competition among participants.
  3. Power Boost – Unlock Rewards with Hot Tokens: For traders who prefer trading trending tokens, the Power Boost activity offers access to a massive 500,000 USDT prize pool. By trading selected hot tokens, traders can qualify for multiple pools and maximize their rewards based on trading volume. This initiative caters to diverse trading strategies and encourages exploration of promising assets. The participation threshold for this segment is as low as 500 USDT.

Bybit continues to redefine the trading experience with innovative features like unmatched liquidity protection and dynamic reward structures. For detailed information about eligibility and terms and conditions, users may visit the Bybit Liquidity Shield Trading Frenzy event page.

#Bybit / #TheCryptoArk

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
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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Blockchain Press Releases

MANTRA Launches $108,888,888 Ecosystem Fund to Propel RWA Innovation

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HONG KONG, April 7, 2025 /PRNewswire/ — MANTRA Chain, a layer 1 blockchain purpose-built for tokenized real-world assets (RWAs), today announced the launch of the MANTRA Ecosystem Fund (MEF), a $108,888,888 million investment initiative designed to accelerate the growth and adoption of projects within the MANTRA ecosystem. The announcement of the MEF arrives after MANTRA became the first DeFi platform to successfully obtain a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services. ‍

Supported by a strong network of partners and investors, the MEF will deploy up to $108,888,888 million over the next four years to support high-potential blockchain projects around the world. The MEF will serve as a strategic growth engine, providing capital to startups alongside globally renowned investment firms.

Investment opportunities will be sourced through MANTRA’s vast partner network, including leading incubators and accelerators, and capital partners such as Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, Manifold, UoB Venture, DAMAC, Fuse, LVNA Capital, Forte, and many more. This extensive global reach will ensure that the MEF gains exposure to top-tier projects from around the world.

“In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real world assets,” said John Patrick Mullin, CEO and founder of MANTRA.

“By aligning with top investors and incubators, we are opening doors for visionary founders and teams to join us in building and creating a thriving ecosystem and bringing more of the world on-chain.”

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Gideon Daitz, partner at Three Point Capital, who will lead the MEF said, “Our primary mission with the MEF is to support the development of RWA tokenization globally, empowering teams with capital, network, and advice to put the world’s highest-quality assets on-chain. We are primarily focused on building out the MANTRA ecosystem, but we genuinely believe in playing a non-zero-sum game, where collaboration and a broad open-arms policy will serve our community and industry best.”

Further adding, “We are seeking to make high conviction, resource heavy developments into fewer more focused teams, ultimately fostering stronger and more ingrained ties through our diverse network of resources.”

The MEF aims to attract and support the best teams in the world innovating with RWA tokenization, welcoming projects at any developmental stage, and even those that are chain agnostic. By fostering collaboration between blockchain pioneers and leading investment firms, MEF is set to become a major force in the evolution of DeFi and RWA adoption.

For more information on how to apply, visit MANTRAChain.io.

About MANTRA
MANTRA Chain is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.

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MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services. ‍

View original content:https://www.prnewswire.co.uk/news-releases/mantra-launches-108-888-888-ecosystem-fund-to-propel-rwa-innovation-302421062.html

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Blockchain Press Releases

Top 10 New Tokens on MEXC Average 4,770% Growth in March

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VICTORIA, Seychelles, April 7, 2025 /PRNewswire/ —  MEXC, a leading global cryptocurrency exchange, has released the latest information on the performance of trading operations on the platform, highlighting new milestones and delivering invaluable insights into overall market trends. The dynamics of the BSC ecosystem and specific actions taken by MEXC have allowed average prices on top tokens to excel by thousands of percent, and user numbers to swell, underscoring the importance of new instruments and sectors on general market traction.

Key Takeaways:

  • MEXC listed 129 new tokens in March, 42 of them hosted by the BSC ecosystem;
  • Average price of the top 5 trending tokens on BSC overstepped by 3,760%;
  • Top 10 new tokens achieved an average pricing of 4,770% in March, up fourfold from January and February;
  • MEXC introduced the 0% trading fees for SOL, HYPE, AAVE, and AIXBT, boosting user numbers by 17.8% month-over-month, and trading volume by 170%.
  • Among the top 10 new tokens in March, meme tokens made up half of March’s top 10 spots defying the recent downturn in the sector.

MEXC started March with news of listing 129 new tokens, 42 of which were hosted on the BSC ecosystem. The given number accounts for 32.6% of overall trading, highlighting the importance of the BSC for MEXC and the degree of the exchange’s penetration and integration with the ecosystem. Total spot trading for new tokens accounted for 50.8%, rising by 30.1% month-over-month. Overall trading volume spiked by 56.6%, up by 63.5% compared to February. These dynamics indicate that users are resorting to MEXC as a preferred venue for trading BSC-hosted tokens.

The BSC ecosystem took a leading role in the surge, with top 5 trending tokens reaching an average price increase of 3,760%. The uptrend was driven by MUBARAK, BUBB, and TUT, with 10,900%, 4,168%, and 2,000%, respectively. At the same time, the top 10 new tokens showcased an average price increase of 4,770%, up from 1,174% for the same token category in January and February. MEME tokens took up half of the leaders’ pedestal, with assets from the Infra, AI, and DePIN sectors taking up the remaining spots.

MEXC confirmed its position as a leader across multiple sectors of crypto asset trading, further solidifying its commitment to trading excellence by introducing the 0% Trading Fees Campaign. The action encompassed such pairs as SOL/USDT, HYPE/USDT, AAVE/USDT, and AIXBT/USDT. The campaign has already proven its effectiveness, with the number of traders of zero-fee pairs growing by 17.8% month-over-month, contributing to an overall 170.2% increase in trading volume. SOL/USDT trading pair led with an 186% increase in daily average trading volume and a 209% rise in market share (from 9.8% to 30.3%). RAY/USDT followed with a 27.8% share, while HBAR/USDT and HYPE/USDT rose by 115% and 165%, reaching 18.8% and 13.3% market share, respectively.

The general downturn in the crypto market throughout March of 2025 did not hinder MEXC from continuing to solidify its position as a leader in terms of trading volume growth. The exchange is taking a significant role in the ongoing expansion of the BSC ecosystem, which contributes new tokens to traders. MEXC is committed to remaining a market leader and delivering world-class service to traders at low trading costs with a broad array of innovations and lucrative trading opportunities.

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About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X Telegram |How to Sign Up on MEXC

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