VICTORIA, Seychelles, May 2, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, reaffirms its commitment to transparency and demonstrates continuous user asset growth with its latest April 2024 Proof of Reserves (PoR) update. The update showcases Bitget’s unwavering dedication to maintaining robust reserves, ensuring the security of user assets amidst the dynamic crypto landscape.

The April 2024 PoR report reveals a total reserve ratio of 176%, with ratio for BTC and ETH reaching 335% and 229% respectively. The latest update also unveils a significant increase in the user assets of USDT and ETH, as both figures grew as much as 51% and 46% since January 2024, showing strong momentum in user confidence and growth.

Gracy Chen, Managing Director at Bitget, emphasized the significance of the latest PoR update, stating, “Bitget is unwavering in its commitment to transparency and financial stability. Our latest PoR update reinforces our dedication to safeguarding user assets and upholding the highest standards of accountability. With a total reserve ratio of 176%, Bitget continues to lead by example in the cryptocurrency exchange industry.”

The regularly updated reserve ratios for prominent cryptocurrencies, including BTC, ETH, USDT, and USDC, underscore Bitget’s commitment to providing users with a secure and transparent trading environment. Bitget’s dedication to transparency extends beyond PoR disclosures. The exchange has also established a Protection Fund and publishes monthly valuations to further enhance user protection and mitigate potential risks.

As of April 22, 2024, Coinmarketcap reports that Bitget’s total reserves exceed $2.7 billion, consolidating Bitget’s position as a reliable and trustworthy cryptocurrency exchange. By conducting routine audits, Bitget ensures continuous visibility and upholds its responsibility to openness and accountability.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

For more information, visit: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord | Bitget Wallet

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• Undisclosed Investment From Binance Labs Follows Movement’s $38M Series A Funding Round

SAN FRANCISCO, May 1, 2024 /PRNewswire/ — Movement Labs, a San Francisco-based blockchain development team, today announced an investment from Binance Labs. These investments closely follow Movement Labs’ successful $38m Series A funding round as the company continues to gain momentum in its mission to bring ‘Move Everywhere.’

Founded in 2022, Movement is building an ecosystem of Modular Move-based blockchains, starting with M2, the first Move Virtual Machine L2 for Ethereum. Movement will use the funds to expand its suite of open-source tooling, frameworks, and protocols to facilitate the adoption of the Move programming language across broader blockchain ecosystems. With Movement, developers can launch secure, performant, and high-throughput Move VM rollups as easily as they do smart contracts.

As part of its global expansion strategy, Movement Labs is placing a strong emphasis on the Asia-Pacific (APAC) region, recognizing the immense potential and talent within the Move development community. The company is committed to championing and supporting Asian Move developers, providing them with the resources, education, and opportunities needed to showcase their exceptional work and contribute to the growth of the Move ecosystem.

“We are thrilled to welcome Binance Labs as an investor,” said Rushi Manche, Co-Founder of Movement Labs. “Their support and expertise will be invaluable as we continue to execute our ‘Move Everywhere’ strategy, starting with a focus on the vibrant and innovative APAC market. By empowering and collaborating with the talented Move developers in the region, we aim to accelerate the adoption of Move and unlock new possibilities for the entire ecosystem.”

For more information about Movement Labs and a guide to participate in its devnet, please visit: movementlabs.xyz and follow on X @movementlabsxyz and on Discord. Connect with us at movementlabs.xyz  to discuss global business opportunities.

About Movement Labs:
Co-founders, Rushi Manche and Cooper Scanlon, early builders in the Move ecosystem, founded Movement Labs in 2022 as the first integrated blockchain network, powering the fastest and most secure Layer 2 on Ethereum. Designed to pair smart contract security and parallelization with EVM liquidity and user bases, Movement is bringing the MoveVM to Ethereum through its flagship L2 and connected rollups with the Move Stack.

About Binance Labs
As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

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SINGAPORE, May 1, 2024 /PRNewswire/ — MMC Foundation Singapore is excited to announce the launch of Move Move Coin (MMC), the first-of-its-kind blockchain sports project designed to transform how we think about fitness and technology. This pioneering initiative is set to merge health with high-tech, promoting nationwide fitness through the innovative use of Web3 technology.

Transforming National Fitness with Blockchain

By integrating physical activity with blockchain, MMC creates a unique ecosystem where exercise translates directly into MMC computing power. Participants can engage in the MMC exercise plan, turning their workouts into tangible incentives for every physical activity.

Move Foundation’s mission is to ignite a passion for sports across the nation by offering a cutting-edge, enjoyable sports ecosystem. With the introduction of MMC, the vision is to position it as the leading global initiative for national sports programs powered by Web3 technology, setting a precedent for future sports blockchain projects.

Why You Should Move With MMC Foundation

MMC lies in a dynamic system that transforms physical activity into tangible rewards. Participants can enhance their fitness routines while simultaneously generating MMC computing power, a novel approach that earns them MMC encrypted assets. This unique feature leverages the dual benefits of health and technology, offering an incentive that goes beyond traditional fitness rewards.

The integration of NFT technology with sports equipment not only personalizes the user experience but also amplifies the benefits received from workouts. By purchasing NFTs that represent various pieces of sports gear, users can increase their MMC accumulation, thus adding a layer of customization and value to their exercise regimen.

To safeguard the integrity and longevity of NFT assets, MMC Foundation employs the IPFS network for storage, ensuring decentralized, reliable access worldwide. Looking ahead, MMC Foundation is set on expanding MMC’s footprint globally, collaborating with other blockchain ecosystems for seamless asset circulation and exchange, and positioning itself as a leader in the sports blockchain market.

The Global Vision for MMC Foundation

The future of the MMC project is marked by an ambitious global expansion strategy. This involves not only widespread promotion across various markets but also strategic partnerships with other blockchain ecosystems. These collaborations are essential for facilitating the cross-chain circulation and exchange of assets, enhancing the interoperability and reach of the MMC ecosystem.

MMC Foundation is also committed to a robust global marketing drive aimed at establishing the project as a top-tier brand within the sports blockchain industry. By actively promoting and aligning with international sports and fitness communities, MMC Foundation aims to create a widely recognized presence worldwide.

About Move Move Coin

Move Move Coin (MMC) is a solution initiated by the MMC Foundation in Singapore that utilizes Web3 technology to encourage and motivate nationwide physical fitness activities. MMC operates as a token rewards and blockchain-driven system, allowing participation in token mining through devices like smartphones and smartwatches for activity monitoring.

For more information, please visit:

• Official Website: movemovecoin.com
• Blockchain Explorer: mmcscan.com
• Whitepaper: https://doc.movemovecoin.com/zh-cn

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