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Blockchain Press Releases

Kronos Research joins Token 2049 to strengthen its market-making foothold in Asia

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SINGAPORE, Sept. 12, 2023 /PRNewswire/ — TOKEN 2049 – Kronos Research is bullish on the growth of virtual assets-related projects in Asia as its new leadership meets with partners at Token 2049, Asia’s largest Web3 gathering for decision-makers across the spectrum of traditional finance, big tech, and global regulators, crypto-native entrepreneurs, and builders.

In a statement, Kronos’ newly appointed CEO Hank Huang said the firm will bolster its position as the go-to-market maker in both centralized and decentralized exchanges, ensuring ample liquidity in the cryptocurrency markets despite the current bearish market conditions.

“We plan to invest more funds and resources into market making as we expand into regions such as in Asia, work with newly established DEXs, and provide liquidity for popular assets. We are taking the opportunity to meet current and future partners and the exchanges who are also here at Token 2049,” Huang said, noting that the firm had tripled its market share in the last quarter.

Huang said Kronos is opening a new office in Singapore and has secured new fund registration in the Cayman Islands. “The US regulation is pushing crypto to Asia since Asia is receiving attention due to its more open regulatory environment. We have also secured fund registration in Cayman as part of our compliance efforts,” Huang noted.

Meanwhile, Vincent Liu, the new COO of Kronos announced that on the venture side, they are looking to invest in more projects to take advantage of the increase in higher-quality protocols with lower valuations during the current bear markets.

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“The bear market serves as a natural litmus test for projects that are just looking for quick profits. We are looking to invest in those who patiently build strong projects during tough times, driven by a long-term mission, not quick gains,” Liu noted.

New management vision

Huang and Liu, who have risen through the ranks at Kronos, have been appointed as CEO and COO, respectively, to spearhead Kronos’s ambitious expansion into high-growth regions.

“In our rapidly evolving industry, my leadership emphasizes adaptability and seizing new opportunities. This demands continuous learning and honing core skills. While the market’s future is uncertain, our focus is clear: leveraging our research prowess to provide more robust and deeper liquidity for projects and exchanges,” Huang said.

“In the midst of this bear market, we embrace relentless building – diversifying strategies, deepening crypto insights, and forging partnerships. Our commitment to Kronos’s DNA remains steadfast as we unite with all teams, navigating challenges and driving collective growth,” Liu meanwhile said.

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Huang began his career at Allston Trading, excelling in High-Frequency Trading. He co-founded 84 LLC and Coinful Capital, developing trading systems and strategies. He joined Kronos as CTO in 2019, achieving top market maker rankings. He holds degrees in Computer Science and Finance from MIT.

Meanwhile, before becoming COO, Liu led Asset Management and oversaw risk and trading at Kronos. His trading career began at Belvedere Trading, an option market maker, where he spent over 8 years and held the position of Partner and Director of Electronic Trading. Liu received a BS and MS in Electrical Computer Engineering from Carnegie Mellon University.

As one of the world’s leading market-makers, Kronos’ daily crypto trading volume averaged billions across top global exchanges with a worldwide team of 100 professionals.

Since 2021, Kronos transitioned from primarily focusing on centralized exchanges to expanding into the decentralized exchange (DEX) sector, becoming a key liquidity provider for various blockchain-based CLOB DEXs (Central Limit Order Book DEXs). This strategic shift has allowed them to offer liquidity in multiple Layer 1 blockchain ecosystems and diversify their services to include liquidity provision to DeFi Protocols. Aside from CLOB DEXs, Kronos also provides liquidity to other types of DEXs and DeFi protocols and uses different models like RFQ (Request for Quote) and LP (Liquidity Provider) to offer liquidity to platforms like 1inch and WOOFi.

——

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The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product, service or platform. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.

The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.

View original content:https://www.prnewswire.co.uk/news-releases/kronos-research-joins-token-2049-to-strengthen-its-market-making-foothold-in-asia-301924418.html

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Blockchain Press Releases

HTX Ventures Announces Strategic Investment in Figment Capital to Enhance Global Innovation Support

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SINGAPORE, May 30, 2024 /PRNewswire/ — HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has officially announced a strategic investment in Figment Capital, an early-stage venture fund focused on blockchain infrastructure. This investment underscores HTX Ventures’ commitment to fostering innovation and supporting scalable Web3 technology development globally.

Launched in 2021, Figment Capital is dedicated to investing in high-conviction, early-stage blockchain infrastructure projects. By leveraging its strong technical understanding and deep connection with Figment Inc., a leader in enterprise-grade staking infrastructure, Figment Capital offers unparalleled technical insights and support to its portfolio companies.

Edward, Managing Partner at HTX Ventures, stated, “We are delighted to welcome Figment Capital as a strategic partner. This investment aligns with our mission to support promising companies and drive the next generation of technological innovations. By leveraging Figment’s technical expertise and robust network, we can identify and support superior projects while also helping them expand into the Asian market. HTX Ventures continues to solidify its position as a global investment leader.”

James Parillo, Managing Partner at Figment Capital, also shared, “The HTX Ventures team has been incredibly helpful in our growth as an emerging investment fund. Their knowledge of the Asian market and experience operating a globally recognized exchange has been invaluable as we continue to grow. We’re thankful for the trust and support the HTX Ventures team has placed in us and continue to look forward to collaborating for years to come.”

Figment Capital’s portfolio boasts notable projects such as EigenLayer, Celestia, Initia, Wormhole, Movement, zkSync, and more. The trust and reputation that Figment Capital has earned among Web3 founders are further strengthened by its close collaboration with portfolio companies, providing strategic guidance and technical support.

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HTX Ventures is excited about the potential of this partnership. By combining Figment Capital’s technical prowess and industry connections with HTX Ventures’ extensive market reach, particularly in Asia, we are well-positioned to support the next wave of innovative blockchain projects. This strategic investment marks a significant milestone in our mission to enhance global innovation support in the blockchain space.

About HTX Ventures

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Figment Capital, Dragonfly, Bankless Ventures, Animoca, Shima, and IVC. Visit us here.

Contact Details
Michael Wang
[email protected]

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Company Website
https://www.htx.com/en-us/ventures

About Figment Capital

Figment Capital is an early stage venture fund, focused primarily on investing in blockchain infrastructure. Launched in 2021, Figment Capital invests in high-conviction, early-stage blockchain infrastructure projects, leveraging strong technical insights and support. Notable portfolio companies include EigenLayer, Celestia, Initia, Wormhole, Movement, and Starkware.

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Blockchain Press Releases

Bybit Drives Significant Trading Surge with EUR Zero Fees Campaign

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DUBAI, UAE, May 30, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by trading volume, today announced a staggering increase in EUR trading volume following the launch of its EUR Zero Fees Fiesta campaign in early April. This move underscores Bybit’s commitment to the European market, offering a competitive and cost-effective platform for European crypto traders.

“By eliminating EUR trading fees, we’re making it easier and more affordable for European users to participate in the cryptocurrency market,” said Joan Han, Sales & Marketing Director of Bybit. “We view Europe as one of the key growth markets and are dedicated to offering a streamlined experience for European traders.

Soaring Popularity: Bybit Now #2 in Netherlands Market

The EUR Zero Fees Fiesta campaign has yielded impressive results. Since its launch, Bybit has observed a 13% average daily increase in trading volume for EUR pairs (compared to April data). This surge in volume strengthens Bybit’s position as a major player in the European crypto market. Bybit is currently ranked number two in the Netherlands, highlighting its expanding presence in the region.

Beyond Fees: Fostering a Convenient Crypto Experience for Europeans

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Bybit’s commitment to fostering a vibrant and accessible crypto ecosystem for European users extends beyond just fees. The EUR Zero Fees Fiesta campaign eliminates hidden costs, simplifying user participation in the market without surprise charges. This, combined with the seamless one-click purchase option through Google Pay across 35 currencies, empowers European users to buy and trade crypto with unmatched ease. Bybit is committed to making crypto not just accessible, but truly convenient for all European traders.

This dedication to user experience is what positions Bybit as the ideal platform for European crypto enthusiasts.  We’re constantly innovating to streamline processes and remove friction points, ensuring a smooth and hassle-free journey into the world of digital assets.

#Bybit / #TheCryptoArk /

About Bybit

Bybit is one of the world’s top three crypto exchanges by volume with over 30 million users. Established in 2018, Bybit offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

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

Artrade’s new RWA feature ‘Fragments’: Launching with a Picasso

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Investing in world-class art like buying tokens on Solana

PARIS, May 29, 2024 /PRNewswire/ — Artrade is excited to announce the upcoming launch of its new feature “Fragments”: a Real World Asset (RWA) physical masterpiece linked to a token on Solana. 

 

 

After the presale, it will be accessible in one click like any other tokens on a DEX.

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Making real world art investment easier than ever before.

The artworks 

We are only considering important artists for our new “Fragments” feature. Rapidly increasing and reliable valuations convinced us this is the right choice. We’ve been sourcing and analyzing serious offers on Monet, Picasso, Warhol and Banksy among others.

This typically expensive and elite investment opportunity is now accessible to you through trading fractions of it with Artrade.

Our first inaugural piece for this feature:

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A drawing by Pablo Picasso.

Artrade is proud to showcase this intimate piece of art by the most famous signature in the world, valued at $200,000.

The artwork will be revealed at the NFC conference in Lisbon, and the presale opened at this occasion.

After months of sourcing and researching the art market, we’re proud to come to the public with a piece by such an iconic artist.

Our vision

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Our ultimate vision is not to resell our artworks on the traditional market for a profit, but rather to create real-time quotations of our artwork’s tokens. Enhancing token value for holders over time.

Though if the artwork is resold, holders will have the option for a buyback (convert to USDC) of their tokens.

According to Artrade’s founder Paul Weibel: “On-chain real world assets will finally democratize the investment in historical masterpieces of art.”

What you get as a Fragment investor:

  • $ATR token airdrop
  • Whitelist priority on the next token offering
  • Be a part of the exclusive Fragment Collector community
  • Access to exclusive networking events and IRL showcases of the artwork

Why invest in an Art Real World Asset token?

Liquidity: contrary to a NFT or a physical artwork, a token is completely liquid and can be traded anytime.

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Value: the value of your token is really associated to the value of the artwork on the market. It’s a token with a real utility and value in the world.

Investment: the valuation of masterpieces has been reliable, strong and consistent for hundreds of years. The market knows that.

With Artrade’s RWA Token, this value will be displayed in real-time and opened to a dynamic Web3 native secondary market.

About Artrade 

Artrade is a French JEI (young innovative R&D company) created and funded in 2021 through an ICO (initial coin offering). Since then, the $ATR token has reached an ATH of $140m valuation with a pool of thousands of holders.

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The main and already running marketplace is built around Art real world assets by contemporary artists. Counting around 4,000 monthly users, Artrade is gaining more and more credibility and traction in the space.

Stay tuned for more updates and get ready to invest in world-class art with Artrade’s innovative “Fragments” feature.

Artrade, trade art. 

Photo: https://mma.prnewswire.com/media/2424684/Artrade.jpg

Media contact:
[email protected]

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