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Blockchain Press Releases

Advanced Battery Management Software Will Enable Automakers US$18 Billion in Potential Savings in 2030

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Improvements in battery software can allow for a smaller battery without reducing a vehicle’s range

LONDON, July 20, 2023 /PRNewswire/ — Advanced Battery Management System (BMS) software could save automakers US$18 billion annually in 2030, equivalent to US$76 billion cumulatively from 2024. New research from global technology intelligence firm ABI Research finds that intelligent BMS software can reduce the size of Electric Vehicle (EV) batteries without reducing their range. This reduces the cost to OEMs of manufacturing EVs, helping them to mitigate the effects of limited battery production and achieve profitability.

“OEMs are struggling with two competing issues: the demand from customers for EVs with a greater driving range and the shortages of EV batteries due to restricted supplies of critical minerals and limited manufacturing capacity. Advanced BMS software allows EV batteries to be charged to a higher level and discharged to a lower level without being damaged or aging prematurely, increasing their usable capacity and addressing both problems. These solutions can be adopted purely through software, running as AUTOSAR applications to augment the existing BMS capabilities,” says Dylan Khoo, Electric Vehicles Analyst at ABI Research.

Qnovo‘s SpectralX is an example of an intelligent software-only BMS solution that can not only improve range by 10% but also enable faster charging and minimize degradation to extend an EV battery’s lifespan. This technology could allow the global EV industry to reduce required battery production in 2030 by around 300 GWh, significantly alleviating the stress on the battery supply chain and manufacturing costs.

Outside of the software space, wireless BMS (wBMS) hardware will also help to reduce costs by allowing batteries to forgo connectivity wires. Wire harnesses are expensive and time-consuming to install and maintain and add weight, volume, and points of failure to the battery. GM is the first major automaker to adopt a wBMS with its Ultium platform, developed in collaboration with Analog Devices and Visteon. Major component suppliers such as Marelli, NXP, and TI have wBMS offerings as well; ABI Research expects that the cost benefits of this technology will lead to it being the leading solution in the next generation of EV platforms.

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“Aside from Tesla, most OEMs are currently struggling to turn a good profit on their EVs. Ford, for example, is expecting to have a US$3 billion loss pretax on its EV business this year. A key factor in this is the high cost of batteries and difficulties in scaling production to match the rapidly growing demand. BMS software effectively gets more energy out of a smaller battery and cuts production costs. As an application layer solution, it can be applied to a wide range of battery formats without requiring changes in design or manufacturing,” Khoo concludes.

These findings are from ABI Research’s Battery Management Systems for Electric Vehicles application analysis report. This report is part of the company’s Electric Vehicles research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.

About ABI Research

ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.

ABI Research是一家国际科技情报公司,为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。

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For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info

Global
Deborah Petrara 
Tel: +1.516.624.2558
[email protected]

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Blockchain Press Releases

HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million

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Embracing a New Era of Crypto Growth with Enhanced Security, Premium Listings, and Global Expansion in 2025

SINGAPORE, Jan. 15, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, today released its annual report, “Embracing Global Growth with Innovation and Trust,” detailing its significant achievements in 2024 and outlining its ambitious roadmap for the year ahead.

Read the full report here: https://square.htx.com/htx-2024-recap-2025-outlook/

2024: A Year of Explosive Growth Across Multiple Fronts

In 2024, HTX demonstrated remarkable progress across key areas, including user acquisition, trading volume, product innovation, compliance, and ecosystem development. This success was driven by cutting-edge offerings, excellent services, and a robust global strategy.

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  • Key Metrics Show Accelerated Growth Through Innovative Events

HTX’s performance metrics reveal unparalleled momentum. The platform welcomed 3 million new registered users in 2024, bringing its total user base to over 49 million. Trading volume surged, reaching nearly $2.4 trillion, marking a 100% year-over-year increase with consistent monthly growth. User assets also saw significant growth, with a net capital inflow of $1 billion, bringing the total to $5 billion—a robust 80% increase compared to early 2024.

These achievements can be attributed to the success of HTX’s innovative events, such as Launchpool, Trade to Earn, Earn with Pending Orders, Borrow & Earn, SmartEarn, and the 11th Anniversary Series. These events fostered unprecedented engagement, trading volume, and rewards offered to participants.

Over the past year, community members actively participated in HTX DAO, casting over 350,000 votes. Based on the governance proposals passed by HTX DAO, HTX introduced new models such as “Multiple Staking Rewards” to enhance the value of $HTX. These models further strengthened the competitiveness of the $HTX token. Data shows that thanks to mechanisms such as Liquidity Pledge and Token Burns, the total number of users holding $HTX on the HTX exchange reached over 720,000. Moreover, the amount held by large holders increased by 268%, with the number of large holders possessing over 100,000 USDT experiencing a 110% increase.

  • Spotlight on Emerging Trends and Early Opportunities

Leveraging its market insights, HTX listed 218 high-quality assets in 2024, including WIF, BOME, ONDO, and ENA, across diverse hot sectors including DePIN, RWA, and meme coins. Notably, 171 of these assets were initially listed on HTX.

SUNDOG, the best-performing coin within the SunPump ecosystem, experienced a remarkable 37-fold growth after its listing, becoming a key driver of SunPump’s success.  Recognizing the importance of identifying and capitalizing on emerging opportunities, HTX promptly launched the Crypto Gem Hunt to help users discover and capitalize on potential wealth-generating assets.

  • Commitment to Security and Regulatory Compliance

HTX made significant strides in global compliance, including applying for Europe’s MiCA licenses and pursuing regulatory approvals in Dubai (VARA’s FMP license) and Bahrain for custody, brokerage, and exchange operations.

To ensure asset transparency, the exchange consistently delivered Proof of Reserves by Merkle Tree Verification for 12 consecutive months, maintaining over 100% reserve ratios across eight assets.

  • Towards Long-Term Development Through Ecosystem Cooperation

HTX Ventures, the global investment arm of HTX, invested in 28 leading projects in 2024, spanning diverse sectors such as BTCFi, ZK-rollups, modular infrastructure, AI, SocialFi, and more.  Furthermore, HTX fostered strategic collaborations with leading venture capital firms, including Bankless and Figment, to jointly promote the sustained growth and development of the crypto industry.

  • Promotion of Brand Image to Facilitate Global Reach

Throughout 2024, HTX consistently made a strong impression at top crypto summits worldwide, such as TOKEN2049 and Blockchain Life, hosting 19 brand events and receiving 4 industry awards. Notably, the host of Crypto Summit 2024 revealed at the opening ceremony that HTX holds an 11% market share, ranking third in the CIS region, solidifying its position as a key player in the market.

2025: Seizing Opportunities in a New Crypto Era

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HTX’s 2025 vision aligns with anticipated industry tailwinds, including potential shifts in the U.S. Federal Reserve’s interest policies and the evolving global regulatory landscape. The exchange plans to:

1. Expand premium listings.

2. Enhance product offerings and user experience through innovation.

3. Strengthen security measures and global operations models.

4. Support decentralized governance and foster global crypto prosperity.

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5. Cement HTX’s influence, particularly in high-potential regions like the CIS.

2025 will be a pivotal year for HTX to seize emerging industry opportunities. As a well-established digital asset trading platform with a proven track record of industry building, and a strong user-centric focus, HTX is confident to deliver exceptional  services for its global user base and advance toward its vision of “Achieving Financial Freedom for 8 Billion People on Earth”.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

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To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected] 

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Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com

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Blockchain

Blocks & Headlines: Today in Blockchain (

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Welcome to Blocks & Headlines, your comprehensive daily briefing on the transformative world of blockchain. Today, we explore groundbreaking partnerships, economic innovations, and blockchain-powered initiatives redefining the future.

Sony Ventures Into Blockchain With New Identity Solutions

Sony has unveiled its latest blockchain-based digital identity solution designed to enhance privacy and security in the online space. This innovative system uses decentralized technology to manage digital credentials, making identity verification seamless and secure.

Sony’s venture reflects a broader trend among tech giants exploring blockchain’s potential to reshape data privacy and authentication systems.

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Source: Sony Press Release


TRON’s Daily Revenue Skyrockets 119% in 2024

TRON has reported a staggering 119% increase in daily revenue, a testament to its innovative blockchain economic models. By leveraging smart contracts and a scalable infrastructure, TRON continues to attract developers and businesses seeking cost-efficient blockchain solutions.

This growth positions TRON as a leading player in the competitive blockchain ecosystem, setting benchmarks for others to follow.

Source: Bitcoin.com


MIGMIG Partners With XT.com to Bring Blockchain Rewards

MIGMIG, a blockchain gaming and rewards platform, has partnered with XT.com to expand its reach and user engagement. This collaboration aims to deliver unique blockchain-powered rewards while enhancing the gaming experience for users worldwide.

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The partnership highlights the increasing intersection of blockchain technology and entertainment, opening new avenues for user interaction.

Source: Bitcoinist


Nano Labs Supports the Inaugural Presidential Crypto Ball

Nano Labs has announced a partnership with the Inaugural Presidential Crypto Ball, emphasizing its commitment to fostering blockchain awareness. This high-profile event aims to bridge the gap between blockchain innovators and policymakers, paving the way for broader adoption.

The initiative underscores the importance of collaboration between the blockchain community and governmental bodies to shape the future of digital assets.

Source: PR Newswire

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Bybit Card Partners With EnTravel for Luxury Travel Perks

Bybit has teamed up with EnTravel to offer its cardholders exclusive discounts on luxury travel experiences. This partnership integrates blockchain-powered payment solutions with high-end travel services, providing users with unparalleled convenience and value.

The move exemplifies how blockchain technology can enhance traditional industries, offering innovative solutions tailored to modern consumer needs.

Source: PR Newswire


Key Insights and Industry Trends

  1. Decentralized Identity: Sony’s blockchain-based solution addresses growing concerns over online security and privacy.
  2. Economic Innovations: TRON’s revenue surge highlights the profitability of scalable blockchain networks.
  3. Gaming and Blockchain: Partnerships like MIGMIG and XT.com showcase the potential of blockchain in entertainment.
  4. Policy and Collaboration: Nano Labs’ involvement in the Crypto Ball underscores the importance of industry-government dialogue.
  5. Luxury Integration: Bybit and EnTravel demonstrate blockchain’s ability to enhance traditional services.

 

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Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap)

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Welcome to Blocks & Headlines, your comprehensive daily digest of the latest trends, innovations, and developments in blockchain technology. Today’s stories explore transformative partnerships, regulatory debates, and breakthroughs in decentralized finance and blockchain integration.

Vault Zero: Pioneering AI and Blockchain Synergy

Vault Zero is revolutionizing the tech landscape by integrating AI capabilities with blockchain innovation. The project focuses on creating decentralized ecosystems that leverage AI for enhanced decision-making, security, and scalability. This initiative addresses a growing demand for AI-driven blockchain solutions in sectors such as finance, healthcare, and supply chain management.

The announcement underscores the potential of combining AI and blockchain to address real-world challenges. By enabling data immutability and intelligent automation, Vault Zero is setting a new standard for tech convergence.

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Source: Bitcoinist


Vitalik Buterin Warns Against Blockchain Censorship

Ethereum co-founder Vitalik Buterin has issued a cautionary note about the potential risks of blockchain censorship. Speaking on recent developments in transaction filtering, Buterin warned that regulatory pressures could lead to compromised decentralization. He emphasized the importance of community vigilance to ensure that blockchain networks remain open and resistant to manipulation.

This serves as a wake-up call for developers and users alike, highlighting the need to strike a balance between compliance and the foundational principles of decentralization.

Source: U.Today


Dubai’s DAMAC Enters $1 Billion Blockchain Partnership

Real estate developer DAMAC Properties has inked a $1 billion deal with blockchain platform Mantra. The partnership aims to tokenize real estate assets, allowing for greater transparency and liquidity in property investments. This marks a significant milestone in bridging traditional real estate markets with blockchain technology.

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By leveraging blockchain for tokenization, DAMAC is enabling fractional ownership, thus broadening access to high-value properties. This initiative could pave the way for similar integrations in global real estate markets.

Source: Reuters


Cardano Teams Up with FC Barcelona

Cardano has partnered with FC Barcelona to empower fans through blockchain technology. The collaboration focuses on creating digital collectibles and fan engagement platforms. By leveraging Cardano’s blockchain infrastructure, the initiative aims to enhance fan experiences while maintaining sustainability and scalability.

This partnership reflects the growing intersection between sports and blockchain, where fan-centric solutions can drive adoption and innovation.

Source: Bitcoin.com

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ArmSwap Launches Its DeFi Platform

Decentralized finance (DeFi) continues to thrive with the launch of ArmSwap’s new platform. ArmSwap offers advanced features like yield farming, liquidity pooling, and cross-chain compatibility. Designed to attract both retail and institutional investors, the platform emphasizes security and user-friendly interfaces.

ArmSwap’s entry into the DeFi space highlights the sector’s dynamism and the ongoing efforts to make decentralized finance accessible to a broader audience.

Source: PR Newswire


Industry Insights and Emerging Trends

The blockchain landscape continues to evolve, characterized by groundbreaking innovations and collaborations. Key trends include:

  1. AI-Blockchain Convergence: Projects like Vault Zero exemplify the synergy between artificial intelligence and blockchain.
  2. Decentralization Challenges: Vitalik Buterin’s warning highlights the need to safeguard against blockchain censorship.
  3. Tokenization in Real Estate: DAMAC’s partnership with Mantra showcases the transformative potential of asset tokenization.
  4. Blockchain in Sports: Cardano’s collaboration with FC Barcelona underscores blockchain’s growing role in fan engagement.
  5. DeFi Expansion: Platforms like ArmSwap are setting new benchmarks for decentralized finance.

 

The post Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap) appeared first on News, Events, Advertising Options.

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