In the ever-shifting world of blockchain and cryptocurrency, staying abreast of the latest developments is not just a matter of professional interest—it’s a necessity. Today, on February 24, 2025, we bring you an op-ed-style daily briefing that delves into the innovations, controversies, and strategic moves that are shaping the future of decentralized technology. In this edition of Blocks & Headlines, we examine a suite of pivotal news stories: the unveiling of Monad, a high-speed EVM layer-1 blockchain poised to redefine scalability; the provocative discussions by Bybit’s CEO on the potential for an Ethereum blockchain rollback; insights from an in-depth interview with Gunzilla Games on the current capital rotations in blockchain gaming; Argo Blockchain PLC’s strategic announcement regarding its hosting initiatives; and Singapore’s BGIN Blockchain filing for a $50M US IPO to expand its crypto mining operations.

These stories capture a moment of transformation and turbulence in the blockchain ecosystem. Whether you’re a seasoned investor, a tech enthusiast, or a curious observer of Web3, DeFi, and NFT trends, this comprehensive analysis aims to provide clarity, context, and informed opinions on the news that matters most. As blockchain technology continues to evolve, its implications stretch far beyond digital currencies—impacting everything from financial services and gaming to regulatory frameworks and industrial investments. Read on as we explore these groundbreaking developments, their underlying trends, and the broader narrative that is driving change across the decentralized landscape.

I. Introduction: Unpacking the Day’s Key Blockchain Trends

Blockchain technology is no longer a niche interest confined to tech aficionados; it has exploded into the mainstream, powering innovations in finance, supply chain, gaming, and beyond. Today’s briefing highlights several key trends that are particularly noteworthy:

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• High-Speed Layer-1 Innovations: The launch and preparation for new blockchain platforms such as Monad, which promises to deliver unprecedented transaction speeds and scalability.
• Controversial Governance Proposals: Heated debates over blockchain immutability and potential rollbacks, exemplified by discussions from industry leaders at Bybit.
• The Convergence of Gaming and Blockchain: As blockchain gaming matures, capital rotations and strategic shifts are reshaping the landscape, as revealed in recent interviews with industry players like Gunzilla Games.
• Strategic Corporate Moves: Major players such as Argo Blockchain PLC are expanding their service offerings to better host and support blockchain networks.
• Crypto Mining and IPO Activity: With Singapore’s BGIN Blockchain filing for a $50M US IPO to boost its mining operations, we see significant investment flows aiming to capitalize on crypto mining’s enduring appeal.

Each of these stories offers a window into a larger narrative. They speak to the ongoing evolution of blockchain from an experimental technology to a cornerstone of digital infrastructure, influencing everything from decentralized finance (DeFi) to non-fungible tokens (NFTs) and beyond. In our analysis, we draw on insights from trusted sources—Decrypt, Cointelegraph, StockTitan, 99Bitcoins, and more—to offer a detailed and opinion-driven perspective on these developments. Our aim is to not only summarize the news but also to contextualize it within the broader trends that are set to redefine the blockchain space in the coming years.

In today’s digital age, the ability to prepare for emerging trends like Monad’s high-speed transactions, understand the implications of potential Ethereum rollbacks, and follow strategic corporate moves is crucial. This briefing will explore these areas in detail, providing you with a comprehensive overview that is as analytical as it is engaging. As blockchain continues to disrupt traditional industries, the strategies adopted by key players will have far-reaching implications, influencing everything from investor sentiment to regulatory policies.

Let’s dive into the details, starting with a look at the promising yet challenging future outlined by the development of Monad—the high-speed EVM layer-1 blockchain that has the potential to set new benchmarks for scalability and efficiency in the blockchain ecosystem.

II. Preparing for Monad: The High-Speed EVM Layer-1 Blockchain

A. Unveiling Monad’s Vision for Scalability and Speed

According to Source: Decrypt, the blockchain community is buzzing with anticipation around Monad—a new high-speed EVM (Ethereum Virtual Machine) layer-1 blockchain designed to push the limits of transaction throughput and network efficiency. In an era when network congestion, high gas fees, and scalability challenges continue to plague existing blockchain platforms, Monad emerges as a potential game-changer.

Monad is designed with a focus on speed and efficiency, utilizing innovative consensus mechanisms and state-of-the-art technology to drastically reduce transaction times while ensuring robust security protocols. By leveraging an EVM-compatible architecture, Monad promises seamless integration with existing decentralized applications (dApps), making it an attractive option for developers and investors alike.

B. Technical Innovations and Strategic Implications

At its core, Monad’s architecture incorporates several groundbreaking features:

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1. Enhanced Consensus Mechanisms: Monad employs a next-generation consensus algorithm that optimizes transaction validation, reducing bottlenecks and ensuring high throughput. This innovation addresses one of the primary limitations of many current blockchains—namely, their inability to process a large volume of transactions quickly.
2. EVM Compatibility: By being fully compatible with the Ethereum Virtual Machine, Monad facilitates the migration of existing dApps and smart contracts with minimal friction. This compatibility ensures that developers can leverage their existing codebases while enjoying the benefits of a faster network.
3. Scalability Solutions: The design of Monad includes features that support horizontal scaling, allowing the network to expand its capacity as user demand grows. This forward-thinking approach is crucial in an industry where scalability is a perennial concern.
4. Optimized Transaction Fees: Lower gas fees and faster confirmation times are among the touted benefits of Monad. This makes it particularly appealing for decentralized finance (DeFi) applications, where cost efficiency can significantly affect user adoption.

C. Broader Implications for the Blockchain Ecosystem

The launch of Monad could signal a pivotal moment in blockchain history. With its promise of high-speed transactions and lower fees, Monad is poised to disrupt the status quo, potentially drawing developers and users away from congested networks. This shift could catalyze a wave of innovation across the blockchain industry, spurring new use cases and driving broader adoption of decentralized technologies.

From an op-ed perspective, Monad’s emergence represents both an opportunity and a challenge. While its technical capabilities are impressive, its long-term success will depend on a host of factors, including community adoption, security assurances, and the ability to maintain decentralization in the face of rapid growth. As we prepare for a new era of blockchain innovation, stakeholders must carefully balance the promise of speed and efficiency with the need for robust, secure, and decentralized systems.

D. Preparing for the Transition: What Stakeholders Need to Know

For investors, developers, and industry watchers, preparing for Monad means staying informed about its roadmap, engaging with community forums, and monitoring early deployments. As blockchain networks evolve, the transition to faster, more efficient platforms like Monad could redefine market dynamics and shift competitive advantages. In this context, the ability to adapt quickly and leverage new technologies will be a key determinant of success in the rapidly evolving blockchain ecosystem.

In conclusion, Monad represents a bold step forward in the quest for scalability and speed. As it prepares to enter the market, its development and adoption will be critical to watch—not only for its immediate technical benefits but also for its potential to reshape the broader blockchain landscape. With its promise of enhanced performance and lower costs, Monad is poised to become a cornerstone in the next generation of blockchain infrastructure.

III. Bybit CEO’s Provocative Discussion on an Ethereum Blockchain Rollback

A. Contemplating a Rollback: A Debate on Immutable Ledgers

In a surprising turn of events, Source: Cointelegraph reports that the CEO of Bybit, a leading cryptocurrency exchange, has raised the possibility of a rollback on the Ethereum blockchain—a notion that challenges one of the core principles of blockchain technology: immutability. This provocative discussion has ignited a firestorm of debate within the community, with implications that extend far beyond technical considerations.

B. Understanding the Concept of Blockchain Rollbacks

Blockchain rollbacks refer to the process of reversing transactions or reordering blocks after they have been confirmed on the chain. Such an action would effectively alter the historical record, undermining the trust and security that blockchain’s immutability provides. Proponents argue that in extreme circumstances—such as major security breaches or catastrophic errors—a rollback might be necessary to protect users and preserve the integrity of the network. However, critics warn that tampering with the immutable ledger could set a dangerous precedent, eroding confidence in decentralized systems.

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C. Bybit CEO’s Perspective and Industry Reactions

The Bybit CEO’s comments have resonated throughout the blockchain community, sparking discussions among developers, investors, and regulators alike. On one hand, the idea of a rollback may be seen as a pragmatic solution in extraordinary circumstances, offering a safety valve to correct errors or mitigate damages from large-scale attacks. On the other hand, it raises fundamental questions about decentralization and trust. If blockchain records can be altered at the discretion of a centralized authority, the very foundation of the technology is called into question.

From an op-ed standpoint, the debate over a potential Ethereum rollback touches on the tension between innovation and principle. The blockchain industry has long prided itself on the concept of immutability—a guarantee that once data is recorded, it cannot be changed. This assurance is a key driver of trust, particularly in decentralized finance (DeFi) and NFT markets, where users rely on transparent, unalterable records.

D. Implications for Ethereum and the Broader Ecosystem

Should a rollback ever become necessary or even be seriously considered, the ramifications for Ethereum—and by extension, the entire blockchain ecosystem—could be profound. A rollback could:

• Undermine User Confidence: Investors and developers might lose faith in the security of blockchain platforms if they perceive that the underlying data can be manipulated.
• Trigger Regulatory Scrutiny: Such a dramatic shift in policy could invite closer regulatory examination, potentially leading to stricter oversight and intervention in the cryptocurrency space.
• Alter Competitive Dynamics: Competitors might seize the opportunity to promote alternative platforms that emphasize immutability and decentralization, potentially fragmenting the market.

In our view, the Bybit CEO’s remarks serve as a wake-up call for the blockchain community. They remind us that while the technology is powerful, it is not infallible. As blockchain networks become more integral to financial and social systems, the need for robust contingency plans—and a willingness to confront uncomfortable questions about immutability—will only grow. The challenge for industry leaders will be to balance the need for security and resilience with the foundational principles that have driven blockchain’s success.

E. Navigating the Debate: Key Considerations for Stakeholders

For stakeholders in the Ethereum ecosystem, the potential for a rollback raises several critical considerations:

• Risk Management: How should protocols be designed to mitigate catastrophic failures without compromising core values?
• Governance Models: What role should community consensus and decentralized governance play in decisions that could alter the historical record?
• Transparency and Communication: How can leaders ensure that any extraordinary measures are clearly communicated and understood by the community?

As the debate continues, it will be essential for the Ethereum community to engage in open, honest discussions about these issues. Only by confronting the challenges head-on can the industry hope to evolve in a way that maintains trust, security, and the innovative spirit of decentralized technology.

IV. Capital Rotation in Blockchain Gaming: An Interview with Gunzilla Games

A. The Intersection of Blockchain and Gaming

Blockchain gaming has emerged as one of the most exciting and rapidly evolving sectors within the broader cryptocurrency space. According to Source: Cointelegraph, an in-depth interview with Gunzilla Games—a prominent player in blockchain gaming—offers a revealing look into the capital rotations and strategic shifts currently underway in this dynamic field. As gaming and blockchain converge, the industry is witnessing a reallocation of resources, new business models, and innovative gameplay mechanics that leverage the unique properties of decentralized technologies.

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B. Insights from Gunzilla Games: A Changing Landscape

Gunzilla Games, known for its pioneering work in integrating blockchain technology with immersive gaming experiences, recently discussed how capital flows are being redirected within the industry. The company has observed a shift away from traditional funding models toward more decentralized, community-driven approaches. This rotation of capital is driven by several factors:

1. Increased Interest in NFTs and Digital Assets: The rise of non-fungible tokens (NFTs) has revolutionized in-game economies, providing gamers with true ownership of digital assets. This trend is prompting investors to focus on projects that offer tangible value and real-world utility.
2. Growth in Play-to-Earn Models: As players increasingly seek to monetize their gaming experiences, play-to-earn models are becoming a major draw. These models not only reward players for their time and effort but also create new opportunities for revenue generation across the ecosystem.
3. Innovation in Game Design: Blockchain gaming projects are experimenting with novel gameplay mechanics that integrate elements of decentralized finance (DeFi) and Web3. This innovation is driving demand for funding and strategic partnerships that can support long-term growth and scalability.

C. Strategic Shifts and Industry Implications

Gunzilla Games’ interview sheds light on broader strategic shifts taking place within the blockchain gaming sector. Key insights include:

• Capital Reallocation: Investors are increasingly favoring projects that offer innovative tokenomics and clear paths to monetization. This reallocation of capital is reshaping the competitive landscape, with well-funded projects poised to dominate the market.
• Focus on User Experience: Despite the technical innovations, the ultimate success of blockchain gaming hinges on delivering a compelling user experience. Projects that can balance cutting-edge blockchain features with engaging gameplay are likely to capture a larger share of the market.
• Community-Driven Growth: Decentralized governance and community engagement are emerging as critical factors in the long-term success of blockchain gaming platforms. By involving players in decision-making processes, companies can build stronger, more resilient ecosystems that are less susceptible to market volatility.

D. Commentary on the Future of Blockchain Gaming

From an op-ed perspective, the capital rotations observed in blockchain gaming reflect a broader maturation of the industry. As gaming companies like Gunzilla Games innovate and adapt, they are not only transforming how games are developed and monetized but also redefining the role of players as active participants in the ecosystem. This shift has profound implications for the future of digital entertainment, suggesting that the next wave of gaming will be as much about decentralized finance and digital ownership as it is about immersive storytelling and interactive experiences.

For investors and developers alike, the evolving landscape of blockchain gaming presents both significant opportunities and notable risks. The ability to navigate this complex environment will depend on a nuanced understanding of emerging trends, strategic partnerships, and the evolving expectations of a global user base. As blockchain gaming continues to grow, the industry will likely see a proliferation of new business models, innovative gameplay mechanics, and a deeper integration of digital assets into everyday entertainment.

V. Argo Blockchain PLC’s Strategic Move: Announcing New Hosting Capabilities

A. Argo Blockchain’s Vision for Enhanced Infrastructure

In another major development, Source: StockTitan reports that Argo Blockchain PLC, a well-known name in the crypto mining and blockchain infrastructure space, has announced its expansion into hosting services. This move marks a strategic pivot as the company seeks to leverage its extensive experience and technical expertise to provide robust, scalable hosting solutions for blockchain networks.

B. Understanding the New Hosting Initiative

Argo Blockchain’s hosting initiative is designed to support a variety of blockchain projects by offering reliable, secure, and scalable infrastructure solutions. Key components of this initiative include:

1. Enhanced Data Center Capabilities: By expanding its data center operations, Argo Blockchain aims to provide the computing power necessary to support high-performance blockchain applications. This expansion is critical for handling the increasing data loads generated by decentralized networks.
2. Improved Security Protocols: With cyber threats continually on the rise, robust security measures are paramount. Argo Blockchain’s hosting services are built with state-of-the-art security protocols to protect sensitive data and ensure uninterrupted service.
3. Scalability and Flexibility: Recognizing that blockchain networks can experience rapid growth, Argo Blockchain’s hosting solutions are designed to scale seamlessly. This flexibility allows projects to expand their operations without compromising performance or security.
4. Interoperability: The hosting platform is engineered to be compatible with a range of blockchain protocols, making it an attractive option for projects looking to integrate multiple systems or migrate from legacy infrastructures.

C. Strategic Rationale and Industry Implications

The decision by Argo Blockchain PLC to enter the hosting market is emblematic of a broader trend toward consolidation and vertical integration within the blockchain ecosystem. By expanding its service offerings, Argo Blockchain is not only diversifying its revenue streams but also positioning itself as a key infrastructure provider in an increasingly crowded market. This strategic move has several important implications:

• Strengthening the Ecosystem: Reliable hosting services are a critical component of any robust blockchain infrastructure. Argo Blockchain’s initiative could enhance the stability and performance of blockchain networks, thereby driving greater adoption.
• Competitive Differentiation: In a market where many companies focus solely on mining or transactional services, offering comprehensive hosting solutions can provide a competitive edge.
• Enhanced Investor Confidence: The expansion into hosting underscores Argo Blockchain’s commitment to long-term growth and innovation, potentially attracting new investors who are looking for companies with diversified business models.

D. Future Prospects and Strategic Commentary

From an op-ed standpoint, Argo Blockchain PLC’s move into hosting is a clear signal that the blockchain industry is evolving beyond its early experimental phase. As blockchain networks become more complex and data-intensive, the need for reliable infrastructure solutions will only grow. Companies that can offer scalable, secure, and interoperable hosting services are likely to play a pivotal role in the next wave of blockchain innovation.

Investors and industry stakeholders should view this development as a positive indicator of the maturing market dynamics. As traditional IT companies and specialized blockchain firms converge, the resulting synergies could drive unprecedented levels of efficiency, security, and innovation in the decentralized space.

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VI. Singapore’s BGIN Blockchain Files for a $50M US IPO: Expanding Crypto Mining Operations

A. A Bold Financial Move in Crypto Mining

In a significant move that underscores the ongoing evolution of the crypto mining sector, Source: 99Bitcoins reveals that Singapore-based BGIN Blockchain has filed for a $50M US IPO. This strategic decision aims to finance the expansion of its crypto mining operations—a sector that remains critical to the overall blockchain ecosystem despite the rise of alternative consensus mechanisms.

B. The Rationale Behind the IPO

BGIN Blockchain’s decision to go public in the United States represents a bold attempt to tap into new pools of capital and enhance its operational capacity. Several key factors are driving this move:

1. Expansion of Mining Infrastructure: The funds raised through the IPO will be used to scale up mining operations, including the acquisition of new mining rigs, the expansion of data center facilities, and the enhancement of energy efficiency measures.
2. Strategic Positioning: By listing in the US, BGIN Blockchain aims to increase its visibility and credibility in a market that is increasingly focused on sustainability, innovation, and regulatory compliance in crypto mining.
3. Market Demand: Despite fluctuations in cryptocurrency prices, demand for crypto mining remains strong, driven by the need for secure, decentralized transaction validation. The IPO is designed to capitalize on this enduring demand by enabling BGIN Blockchain to expand its operations and capture a larger share of the market.
4. Technological Innovation: The funds are also expected to support research and development initiatives aimed at improving mining efficiency, reducing environmental impact, and integrating new technologies into existing mining frameworks.

C. Broader Implications for the Crypto Mining Sector

The IPO filing by BGIN Blockchain is significant for several reasons:

• Increased Institutional Participation: A successful US IPO could pave the way for greater institutional investment in the crypto mining sector, lending credibility and stability to an industry that has often been viewed with skepticism.
• Expansion of Global Operations: As crypto mining becomes more competitive globally, companies that secure substantial funding will be better positioned to expand their operations and maintain a technological edge.
• Regulatory and Environmental Considerations: With heightened scrutiny on the environmental impact of crypto mining, BGIN Blockchain’s expansion plans may also incorporate sustainable practices, potentially setting new industry standards for energy efficiency and regulatory compliance.

D. Strategic Outlook and Investment Implications

From an op-ed perspective, BGIN Blockchain’s IPO filing represents both a challenge and an opportunity. On one hand, the crypto mining industry faces significant headwinds, including regulatory pressures, environmental concerns, and market volatility. On the other hand, companies that successfully navigate these challenges can emerge as industry leaders, driving innovation and capturing significant market share. The move by BGIN Blockchain signals confidence in the long-term viability of crypto mining, suggesting that even in a rapidly evolving digital asset landscape, foundational elements such as mining continue to play a critical role.

For investors, this development is a reminder that the blockchain ecosystem is multifaceted. While decentralized finance, NFTs, and Web3 applications capture much of the headlines, core infrastructure elements like crypto mining remain vital to the system’s overall health and security.

VII. Synthesis: Connecting the Dots in Today’s Blockchain Landscape

A. Convergence of Innovation and Infrastructure

The news stories covered in today’s briefing illustrate a blockchain ecosystem in flux—one where innovation and infrastructure development are converging to create a more robust, scalable, and secure digital environment. The introduction of Monad, with its promise of high-speed transactions, signals a new era for layer-1 blockchains. At the same time, discussions about potential Ethereum rollbacks highlight the ongoing tension between technological progress and the foundational principles of decentralization.

Similarly, the dynamic shifts in blockchain gaming and the strategic moves by Argo Blockchain and BGIN Blockchain underscore the importance of both creative innovation and solid infrastructure. Together, these developments suggest that the future of blockchain will be defined by a delicate balance between cutting-edge technologies and the reliable, scalable foundations that support them.

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B. Strategic Investments and Market Maturation

The aggressive capital rotations and strategic funding moves highlighted in today’s briefing are a clear sign that the blockchain and cryptocurrency industries are maturing. Investors are increasingly looking for projects that not only push the boundaries of technology but also offer sound business models and sustainable growth prospects. The move by BGIN Blockchain to file for a US IPO and Argo Blockchain’s expansion into hosting services are prime examples of this trend. These actions signal a shift from speculative investments to long-term strategic planning—a shift that could stabilize markets and drive broader adoption of decentralized technologies.

C. The Role of Governance and Ethical Considerations

As the blockchain space evolves, debates about governance—exemplified by the discussion on potential Ethereum rollbacks—remain at the forefront. The tension between the need for rapid innovation and the desire to maintain immutable, trustless systems is a recurring theme. Stakeholders must navigate these complex issues carefully, ensuring that technological advancements do not come at the expense of the fundamental principles that underpin the blockchain ethos.

D. Future Directions: Trends and Opportunities

Looking ahead, several key trends are likely to shape the future of the blockchain ecosystem:

• Scalability and Speed: With projects like Monad leading the charge, the quest for scalable, high-speed blockchain solutions will continue to drive innovation.
• Decentralized Finance and Web3: As the backbone of many modern applications, the integration of DeFi and Web3 technologies will spur further advancements in how we interact with digital assets.
• Integration of AI and Blockchain: Future developments may see deeper integration of artificial intelligence with blockchain technology, enhancing everything from security protocols to data analytics.
• Sustainable Mining Practices: With environmental concerns increasingly influencing public policy, companies in the crypto mining sector will need to adopt more sustainable practices to ensure long-term viability.
• Evolving Governance Models: The ongoing debate over blockchain rollbacks and decentralized governance will likely lead to new models of decision-making that better balance innovation with trust.

In synthesizing these developments, it is evident that today’s blockchain landscape is marked by both opportunity and complexity. The interplay between technical innovation, strategic investment, and governance challenges is shaping a future that is as dynamic as it is unpredictable. Stakeholders across the spectrum—from developers and investors to regulators and end users—must remain agile and informed to navigate this brave new world.

VIII. Conclusion: Major Takeaways from Today’s Blockchain Briefing

As we wrap up today’s edition of Blocks & Headlines, several key insights emerge from the news and analysis presented:

1. High-Speed Innovation with Monad: The development of Monad as a high-speed EVM layer-1 blockchain could redefine scalability and transaction efficiency across the industry. Its promise of low fees and rapid confirmation times positions it as a potential leader in next-generation blockchain technology.
2. Debate Over Blockchain Immutability: The provocative discussion by Bybit’s CEO regarding an Ethereum rollback has sparked critical debates on the principles of immutability and decentralized governance. This conversation serves as a reminder that the balance between security, trust, and innovation remains a central challenge in the blockchain space.
3. Evolving Capital Flows in Blockchain Gaming: The insights shared by Gunzilla Games highlight a transformative period in blockchain gaming, where capital is being reallocated to projects that offer innovative NFT integrations, play-to-earn models, and community-driven growth. This evolution is set to redefine how digital assets are valued and utilized in the gaming ecosystem.
4. Infrastructure Expansion by Argo Blockchain: Argo Blockchain PLC’s strategic expansion into hosting services underscores the importance of robust infrastructure in supporting a growing number of blockchain networks. This move is expected to enhance network stability and drive broader adoption of decentralized applications.
5. Strategic Financial Moves in Crypto Mining: Singapore’s BGIN Blockchain filing for a $50M US IPO illustrates that even as the industry evolves, core sectors such as crypto mining remain vital. This move not only aims to expand operations but also highlights the ongoing need for sustainable and scalable mining practices.

Taken together, these developments paint a picture of an industry that is both vibrant and volatile, characterized by rapid innovation, strategic consolidation, and ongoing debates about governance and trust. For blockchain enthusiasts, investors, and professionals, today’s briefing offers valuable insights into the trends that will shape the future of decentralized technology.

As we look forward, the blockchain and cryptocurrency sectors will undoubtedly face new challenges and opportunities. The ability to innovate rapidly, secure reliable funding, and navigate complex governance issues will be critical to sustaining growth and fostering long-term success. In this context, staying informed and adaptable is not just an advantage—it is a necessity.

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Thank you for joining us for today’s in-depth exploration of blockchain and crypto news. We remain committed to providing timely, thoughtful, and actionable analysis as the landscape continues to evolve. Stay tuned for tomorrow’s edition of Blocks & Headlines, where we will continue to monitor, dissect, and discuss the breakthroughs, challenges, and opportunities that define the ever-changing world of blockchain.

The post Blocks & Headlines: Today in Blockchain – February 24, 2025 | Featuring Monad, Bybit, Gunzilla Games, Argo Blockchain, BGIN Blockchain appeared first on News, Events, Advertising Options.

COSTA MESA, Calif., Feb. 24, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., Fund Administrator for the United States Securities and Exchange Commission, regarding the Impact Theory Fair Fund and Plan of Distribution.

NOTICE OF FAIR FUND DISTRIBUTION PLAN
In the Matter of Impact Theory, Inc.
Administrative Proceeding File No. 3-21585

For more information, visit www.ImpactTheoryFairFund.com

The United States Securities and Exchange Commission (“SEC”) has settled administrative proceedings (the “Order”) against Impact Theory (the “Respondent”). In the Order, the SEC found that from October 13, 2021, to December 6, 2021, Impact Theory violated Sections 5(a) and 5(c) of the Securities Act by offering and selling crypto asset securities known as Founder’s Keys without having a registered statement filed or in effect with the SEC or qualifying for an exemption from registration.

The SEC ordered the Respondent to pay $5,120,718.27 in disgorgement, $483,195.90 in prejudgment interest, and a $500,000.00 civil money penalty, for a total of $6,103,914.17, to the SEC. The SEC also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty collected, along with the disgorgement and interest collected, could be distributed to harmed investors (the “Fair Fund”).

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The Fair Fund will be paid out according to the Plan of Distribution (“Plan”).

A summary of the eligibility criteria and claims process is below. Full details are available at www.ImpactTheoryFairFund.com. You may also request a copy of the Plan from the Fund Administrator via email at [email protected] or by calling 833-285-3401.

Who is eligible to receive a payment from the Fair Fund? To receive a payment, you must have:

1. purchased or acquired Founder’s Keys between October 13, 2021, and December 6, 2021;
2. submitted a timely Claim Form;
3. suffered a Recognized Loss as calculated under the Plan; and
4. not been an Excluded Party under the Plan.

How do I submit a Claim? The easiest way to submit a claim is online at the Impact Theory Fair Fund website: www.ImpactTheoryFairFund.com. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time on August 15, 2025.

If you are unable to submit a Claim Form online and/or you have lost relevant credentials associated with wallets and/or exchanges required as part of an online claim, you may request a copy of the paper Claim Form from the Fund Administrator via email at [email protected] or by calling 833-285-3401. You may also download a copy of the Claim Form to print at: www.ImpactTheoryFairFund.com. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, then received) by August 15, 2025.

The Fund Administrator will send a Determination Notice advising each claimant who timely submitted a Claim Form of their eligibility determination and will provide a calculation of Recognized Loss to those determined to be Eligible Claimants. The Fund Administrator may consider disputes of an Eligible Claimant’s Recognized Loss calculation if timely submitted in accordance with the Plan.

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This notice is a summary. For more information, visit
www.ImpactTheoryFairFund.com

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DUBAI, UAE, Feb. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has completed a fresh round of audit on Feb. 23, 2025 conducted by leading cybersecurity firm Hacken. The independent third-party report is published after Bybit restored reserves levels to a 1:1 ratio for in-scope digital assets within 72 hours following a major incident on Friday, Feb. 21.

A full audit of all relevant wallets containing 40 asset types,  by way of proof of liabilities and ownership, verified that Bybit possesses sufficient reserves to cover user assets 1:1 across the board. Key assets including BTC, ETH, SOL, USDT and USDC exceed 100% collateral ratios on Bybit. Held to high standards of transparency and prudence, Bybit reaffirms its commitment to fiscal vigilance and customer protection under all circumstances.

“Bybit fully backs all customer assets entrusted to our platform, maintaining a dynamic ratio of over 1:1,” said Ben Zhou, Co-founder and CEO of Bybit. “We are fortunate to have all-weather friends in a cut-throat industry—our peers and even competitors stood with us during challenging times, and our customers deserve the same level of commitment,” he added.

Key Highlights of Bybit’s 19th PoR Audit:

• Comprehensive Audit Process: Hacken conducted an extensive audit of Bybit’s liabilities, utilizing the Merkle tree to verify the integrity of the assets reported.
• User Address Verification: Hacken obtained information from Bybit management regarding all public key addresses holding in-scope assets and verified expected blockchain transactions to confirm control and ownership.
• Rigorous Validation Procedures: The validation process included a thorough review using the official Merkle proof validation methods, ensuring the accuracy of the reported liabilities.

“Bybit’s focus on transparency through regular Proof of Reserves audits and independent assessments sets a strong standard within the industry. We appreciate being part of this important initiative during this critical period,” said Yevheniia Broshevan, Co-Founder & CBDO at Hacken.

As of Feb. 24, Bybit fully closed the ETH gap of client assets within 72 hours. This was achieved through strategic partnerships with firms like Galaxy Digital, FalconX, and Wintermute, along with support from Bitget, MEXC and DWF Labs, who helped Bybit replenish the reserves in record time. The rapid execution of these funding strategies underscores Bybit’s robust industry relationships and its capability to maintain platform stability during challenging times, reflecting the industry’s shared vision of a new era of reliable financial system.

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By prioritizing independent verification and comprehensive audits, Bybit reinforces its commitment to user trust and transparency. The exchange regularly reviews best practices, emergency responses, and security infrastructure to meet the rising challenges and demands in the digital asset industry.

Bybit’s Proof of Reserves: https://www.bybit.com/app/user/audit-report 

#Bybit / #TheCryptoArk / #ProofofReserves / #PoR

About Bybit

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.

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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

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