SAN FRANCISCO, June 13, 2024 /PRNewswire/ — Movement Labs, a San Francisco-based blockchain development team, today announced the launch of “Battle of Olympus,” an innovative hackathon designed to drive the growth and adoption of Movement, the first modular network of Move-based blockchains. The hackathon, which marks the first phase of Movement Labs’ Testnet, provides developers with early access and will run from July 17 to September 17, 2024. It is supported by 280 Capital and other partners who will serve as a judge, provide mentorship, and advise teams.

The Battle of Olympus is a key component of Movement Labs’ broader Road to Parthenon initiative, a community program aimed at fostering the development of a robust and thriving ecosystem on Movement Labs’ eventual mainnet. The hackathon brings together talented developers and enthusiasts to innovate and build groundbreaking applications on the Movement Labs devnet and testnet.

The hackathon features a gamified structure, with participants earning points and rewards as they progress. Developers in the “Masons” guild, one of five unique guilds introduced for the Battle of Olympus, can create innovative dApps across various categories, including DeFi, gaming, social tools, infrastructure, and NFTs.

To participate in the Masons guild, developers can form teams of up to 4 members and register on the official hackathon website. Teams from across the world can participate virtually or in-person in San Francisco. Throughout the event, Movement Labs will provide support, mentorship, and resources to help participants succeed.

Standout projects will be recognized with attractive rewards, and winners will be selected by a panel of esteemed judges based on concept, execution, use of Movement-native features, innovation, technical excellence, user experience, and potential impact.

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In addition to the Masons guild for developers, non-engineer enthusiasts can also participate and support the Battle of Olympus through four other guilds:

• Pathfinders: Design onboarding guides, engage the community, and organize events
• Creators: Create Movement-related content, memes, and contribute to worldbuilding
• Explorers: Engage with partners, write articles, and analyze ecosystem data
• Scholars: Write content, design quizzes, and collaborate on reports about the hackathon and Movement ecosystem

“The Battle of Olympus offers unique opportunities for our entire community to get involved based on their skills and interests,” said Cooper Scanlon, Co-Founder of Movement Labs. “Whether you’re a developer or an enthusiast, we’re providing the tools and support needed to innovate and shape the decentralized landscape.”

The Battle of Olympus winners will be announced in mid-September. For more information and to register, visit http://olympus.movementlabs.xyz

For more about Movement Labs and a guide to participating in its testnet, please visit: movementlabs.xyz, follow on X @movementlabsxyz and on Discord.

About Movement Labs:
Movement Labs, founded in 2022 by Rushi Manche and Cooper Scanlon, is building a blockchain network that powers a secure, high-performance Layer 2 on Ethereum. By bringing the MoveVM to Ethereum through its flagship L2, Movement Labs aims to enhance smart contract security and scalability.

The company’s $38 million Series A round in April 2024, led by Polychain Capital, supports this mission. Movement’s “Integrated Approach” combines modular elements like shared sequencing, formal verification, alternative data availability, and Ethereum settlement to improve security and performance. The upcoming Move Stack execution layer framework will facilitate collaboration with other Ethereum players to scale smart contract execution.

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About 280 Capital:
280 Capital is the Web3 venture arm of the Huang Liu and Chen Family Office, with $2.5 billion assets under management. The family has been in the Web3 space since 2014, and has built a crypto portfolio anchored by a large early accumulation of BTC. To learn more, visit https://www.280.xyz/ 

Media Contact: 
[email protected] 

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LAS VEGAS, June 13, 2024 /PRNewswire/ — JanOne Inc. (Nasdaq: JAN), a multidisciplinary organization with a focus on healthcare and fintech, released today its wholly-owned subsidiary, ALT5 Sigma, transaction volume for April and May 2024.

According to the Company, ALT5 Sigma transaction volume reached US$289 million for the months of April and May 2024 combined, compared to US$151 million in transaction volume for the months of April and May 2023 combined, representing a year-over-year increase of 91%.

“Since inception, we have relied solely on word-of-mouth and client referrals to grow our business and have managed a steady growth year-over-year, and now we begin to roll out our global marketing strategies,” said Andre Beauchesne, President of Alt5 Sigma. “The adoption of cryptocurrencies in many industries is accelerating and our B2B solutions can be easily integrated into all business processes from checkout to payouts,” further added Mr. Beauchesne.

About ALT5 Sigma Inc.

Launched in 2018, ALT5 is a fintech company that provides next generation blockchain-powered technologies to enable a migration to a new global financial paradigm. ALT5, through its subsidiaries, offers two main platforms to its customers: “ALT5 Pay” and “ALT5 Prime”. The Company processed over US$1.2 billion in cryptocurrency transactions in 2023.

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ALT5 Pay is a crypto-currency payment gateway that enables registered and approved global merchants to accept and make crypto-currency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay’s checkout widgets and APIs. Merchants have the option to convert to fiat currency (s) automatically or to receive their payment in digital assets.

ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named “ALT5 Pro” that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime’s FIX API, as well as through Broadridge Financial Solutions’ NYFIX gateway for approved customers.

About JanOne

JanOne is a unique Nasdaq-listed multidisciplinary organization with a focus on healthcare and fintech. JanOne is one of the constituents of the Russell Microcap Index, starting June 28, 2024. Through its biotech activities, JanOne is developing innovative, actionable solutions intended to help end the opioid crisis. JanOne is dedicated to funding resources toward innovation, technology, and education to find a key resolution to the national opioid epidemic, which is one of the deadliest and most widespread in the nation’s history. Its drugs in the clinical trial pipeline have shown promise for their innovative targeting of the causes of pain as a strategic option for physicians averse to exposing patients to addictive opioids.

JanOne’s ALT5 subsidiary is a global fintech that provides next generation blockchain powered technologies for the trading, clearing, settlement, payment, and custodianship of digital instruments.

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Please visit www.janone.com for additional information.

Forward Looking Statements

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the statements that JAN 101 will treat PAD, that JAN 123 will treat CRPS, the timing of the commencement of clinical trials, that the FDA will permit approval through a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will immediately disrupt the PAD market, and other statements, including words such as “continue”, “expect”, “intend”, “will”, “hope” “should”, “would”, “may”, “potential”, and other similar expressions. This press release also contains statements and links relating to the profitability and prospective growth of ALT5’s platforms and business, including, but not limited to international currency risks, third-party or customer credit risks, liability claims stemming from Alt5’s services, and technology challenges for future growth or expansion. Such statements reflect JanOne’s current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by JanOne, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.

Many factors could cause JanOne’s actual results, performance or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, those detailed in the Company’s periodic reports filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in JanOne’s filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and JanOne does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. JanOne cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Media Contact Investor Relations
[email protected]
1-800-400-2247

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VICTORIA, Seychelles, June 13, 2024 /PRNewswire/ — According to the latest monthly report by KuCoin Research, the crypto market experienced a significant uptick in activity and positive developments throughout May 2024. A major highlight was the unexpected regulatory approval of a Spot Ethereum ETF, which has significantly bolstered market confidence. The total assets under management (AUM) for Bitcoin spot ETFs rebounded to the $60 billion mark, reflecting renewed investor interest. Meanwhile,the stablecoin sector is showing mixed performance, with USDC and FDUSD seeing declines, while USDe achieving a new issuance peak.

Distinct trends were observed in public chains and Layer2 solutions, with platforms such as Base and Linea continuing to attract net inflows, standing out in a market shifting away from once-dominant narratives of high-performance public chains and low-cost on-chain fees. Despite a slight decrease in the number of disclosed crypto investment projects and funding amounts month-over-month, the year-over-year growth suggests sustained capital interest and developmental potential in the industry.

The KuCoin Monthly Research Report provides valuable insights and data analysis that helps industry participants make informed decisions and stay updated on the latest advancements. This commitment to knowledge dissemination reflects KuCoin’s dedication to supporting the growth and maturation of the cryptocurrency ecosystem.

Read the full report here.

About KuCoin Research

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KuCoin Research is a leading provider of research and analysis in the cryptocurrency industry. With a team of experienced analysts and researchers, KuCoin Research aims to deliver high-quality insights and reports to empower investors and industry professionals.

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