Blockchain Press Releases
Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%
VICTORIA, Seychelles, March 22, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has introduced its latest monthly Proof of Reserves (PoR) report, showcasing its strong dedication to transparency. The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%. It emphasizes Bitget’s unwavering commitment to ensuring user funds are consistently supported by substantial reserves. With these regular PoR disclosures, Bitget upholds its pledge to maintain 100% backing for user funds.
Bitget reaffirms its unwavering commitment to sound financial practices and stability as evidenced by its latest PoR data. The impressive reserve figures underscore Bitget’s utmost devotion to protecting user assets and maintaining a high level of transparency. As of March 22nd, Coinmarketcap reports that Bitget’s total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC. By conducting routine audits, Bitget ensures continuous visibility and upholds its responsibility to openness and accountability.
Gracy Chen, Managing Director at Bitget said: “Bitget is committed to delivering the utmost security and transparency for its users, emphasizing financial stability and technical resilience to establish unwavering trust in the platform. We take great pride in upholding the strongest reserve ratio among prominent exchanges, cementing Bitget’s position as a dependable and credible cryptocurrency exchange. This steadfast dedication to financial stability further bolsters the confidence of Bitget’s users in the platform’s reliability.“
Bitget’s dedication to transparency aligns with its focus on maximizing user protection. In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats.
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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View original content:https://www.prnewswire.co.uk/news-releases/bitget-unveils-proof-of-reserves-por-in-march-2024-btc–eth-assets-surge-by-20-302096997.html
Blockchain Press Releases
Uniswap Kicks Off $35M UNI AirDrop Amid Trump’s Bold Crypto Vision for the USA
NEW YORK, Jan. 24, 2025 /PRNewswire/ — Uniswap, the world’s leading decentralized exchange in the DeFi ecosystem, has announced the Official $UNI AirDrop. This groundbreaking $35M distribution marks a significant milestone in its journey toward decentralized financial empowerment. This exciting initiative coincides with the Uniswap Foundation’s announcement of Uniswap Version 4, with deployments set to begin today, signaling another leap forward in the platform’s evolution. Meanwhile, the crypto world is abuzz with momentum, fueled by former U.S. President Donald Trump’s bold plans to establish the United States as the global capital of blockchain and cryptocurrency.
Uniswap’s $UNI AirDrop: Celebrating Growth and Innovation
The $35M AirDrop comes as Uniswap celebrates an impressive 120.76% year-over-year growth in 2024. This initiative rewards both loyal and new users, underscoring Uniswap’s dedication to fostering community engagement and innovation in decentralized finance.
The AirDrop also coincides with heightened investor interest, with whales beginning to accumulate $UNI tokens following Uniswap Foundation’s recent announcements. This highlights the growing confidence in Uniswap’s ecosystem and its potential for long-term growth.
Interested participants can review eligibility requirements on Uniswap’s official website, ensuring a secure and transparent process for everyone involved.
Uniswap V4: The Next Chapter in Decentralized Finance
Uniswap’s Version 4 is set to roll out today, bringing groundbreaking improvements to the protocol. Designed to enhance efficiency, scalability, and user experience, V4 introduces innovative features that solidify Uniswap’s position as the industry leader in DeFi.
This latest update not only benefits the platform’s users but also sets the stage for increased adoption and integration across the broader blockchain ecosystem.
Trump’s Vision and Uniswap’s Alignment
The AirDrop and V4 deployment comes at a time when Donald Trump’s vision to establish the USA as the global crypto capital is reshaping the industry narrative. With Bitcoin breaking records and institutional interest surging, Uniswap’s initiatives align seamlessly with the renewed focus on decentralization and financial freedom.
Uniswap’s ability to anticipate market trends and deliver unparalleled value to its users has positioned it at the forefront of these transformative changes.
Jupiter’s Simultaneous Airdrop Sparks Broader Market Momentum
Uniswap’s AirDrop announcement comes in the midst of significant developments across the DeFi ecosystem. Jupiter, a Solana-based platform, has recently issued a $630M airdrop of its native JUP tokens, propelling its market cap up by 87% to $3.5 billion. This surge in activity highlights the increasing competition and innovation within the decentralized finance space, with platforms racing to reward their communities and expand their reach.
The dual momentum of Uniswap’s $UNI AirDrop and Jupiter’s recent initiatives underscores a new wave of growth and collaboration in the DeFi sector, further solidifying its role in shaping the future of global finance.
This January 2025 has proven to be a groundbreaking month for the crypto space, marked by historic milestones and unprecedented momentum. Bitcoin’s meteoric rise to its all-time high of $100K has reignited global interest in digital assets, while Ethereum and Solana have seen significant gains, driven by innovative developments and strong investor confidence. Meanwhile, the DeFi sector is thriving, with platforms like Uniswap and Jupiter leading the charge through impactful initiatives, including massive airdrops that have reshaped user engagement. This surge of activity has not only reinforced crypto’s role as a transformative financial ecosystem but has also set the tone for an exhilarating year ahead in blockchain and decentralized finance.
Whale Activity Signals Strong Confidence
In addition to the AirDrop, recent data has shown a surge in whale activity, with large investors beginning to accumulate $UNI tokens. This follows Uniswap Foundation’s latest announcements and highlights the growing market confidence in the platform’s future prospects.
As Uniswap continues to innovate with initiatives like V4 and significant reward campaigns, it further solidifies its role as the leading decentralized exchange and a driving force in the crypto space.
How to Participate in the $UNI AirDrop
To participate in the $35M $UNI AirDrop, users are encouraged to visit Uniswap’s official website to confirm their eligibility and review the claiming process. With this initiative, Uniswap reaffirms its commitment to rewarding its community and promoting decentralization.
For real-time updates and further information, follow Uniswap’s verified social media channels and stay informed about this historic AirDrop and future developments.
About Uniswap
Uniswap is the world’s leading decentralized exchange, empowering millions of users to trade tokens securely and efficiently on the blockchain. Known for its commitment to innovation and transparency, Uniswap continues to set the standard for decentralized finance and global financial systems.
Contact:
Uniswap Foundation
[email protected]
Matthew Elder
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View original content:https://www.prnewswire.co.uk/news-releases/uniswap-kicks-off-35m-uni-airdrop-amid-trumps-bold-crypto-vision-for-the-usa-302359984.html
Blockchain
Blocks & Headlines: Today in Blockchain – January 24, 2025 (IBM, SAP, Oracle, Bitfury Group, Auxesis Services Technologies, Binance, European Central Bank)
The blockchain and cryptocurrency industry continues to evolve at breakneck speed, reshaping global finance, technology, and governance. From central bank digital currencies (CBDCs) to cutting-edge tools simplifying blockchain development, today’s updates offer a glimpse into how blockchain technology is transforming industries. Here’s your daily briefing on the latest news in blockchain, crypto, and Web3.
Blockchain in Retail: Competitive Intelligence and Trends
A new report analyzing blockchain adoption in the retail sector forecasts significant growth between 2025 and 2034, with major players like IBM, SAP, Oracle, Bitfury Group, and Auxesis Services Technologies leading the charge. The report highlights blockchain’s role in enhancing supply chain transparency, combating counterfeit goods, and enabling seamless loyalty programs.
Why This Matters:
Blockchain’s ability to enhance traceability and trust in supply chains makes it an ideal solution for the retail industry. With consumer demand for transparency growing, retailers are under pressure to provide verifiable data about the origins of their products—a gap blockchain is poised to fill.
Commentary:
Retailers that fail to adopt blockchain solutions risk falling behind as industry leaders use this technology to build trust and customer loyalty. As adoption grows, smaller players may also turn to blockchain-powered SaaS platforms to stay competitive.
Source: GlobeNewswire
ECB’s Digital Euro Pitch in Response to Growing Crypto Adoption
The European Central Bank (ECB) has pitched the idea of a digital euro, citing the growing influence of cryptocurrencies and global pushes toward digital currencies. The ECB framed the digital euro as a stable, secure alternative to decentralized crypto assets, addressing the region’s need for innovation while preserving monetary sovereignty.
Why This Matters:
CBDCs like the digital euro could redefine global finance, providing a government-backed alternative to private cryptocurrencies. For the EU, this initiative represents both a competitive response to projects like China’s digital yuan and a hedge against the risks posed by unregulated crypto markets.
Commentary:
The digital euro has the potential to address inefficiencies in cross-border payments and financial inclusion. However, its success will depend on balancing innovation with privacy—a concern central to public trust in government-backed digital currencies.
Source: Reuters
Simplifying Blockchain Development with Enso
Enso, a new development tool, promises to revolutionize blockchain coding by making the process more intuitive and accessible. Dubbed the “Intent Revolution,” Enso eliminates the need for complex, code-heavy development by allowing developers to articulate “intentions” that the platform then translates into blockchain logic.
Why This Matters:
The barrier to entry for blockchain development has long been its technical complexity. Enso’s approach could significantly lower this barrier, enabling a broader range of developers—and potentially businesses—to participate in blockchain innovation.
Commentary:
Simplifying blockchain development is a critical step in driving adoption. Tools like Enso are not just about ease; they democratize access to blockchain innovation, allowing smaller players to compete with industry giants.
Source: DL News
French Crypto Co-Founder Freed After Kidnapping Incident
In an alarming story, a co-founder of a prominent French cryptocurrency company was kidnapped but has since been freed after a swift operation by French authorities. While the specifics of the case remain under wraps, reports suggest that the incident stemmed from disputes related to crypto investments.
Why This Matters:
This incident underscores the risks associated with the crypto industry, particularly for high-profile figures. With cryptocurrencies often linked to high-value transactions, individuals in the sector may face heightened personal security threats.
Commentary:
As the crypto industry matures, security—both digital and physical—must become a priority for individuals and organizations. Expect to see increased demand for personal security services tailored to crypto executives.
Source: France24
Ex-Visa CFO Joins Blockchain Firm Amid Trump’s Crypto Push
Former Visa CFO, Charlotte Hogg, has joined the board of a leading blockchain firm, signaling increasing alignment between traditional finance and blockchain. The move comes as Trump’s administration accelerates its crypto-related policies, placing blockchain at the forefront of financial innovation.
Why This Matters:
Hogg’s appointment highlights the growing convergence of traditional finance and blockchain technology. The expertise of seasoned financial executives could lend credibility to blockchain firms, making the sector more appealing to institutional investors.
Commentary:
Bringing in talent from established financial institutions is a strategic move that positions blockchain companies for mainstream adoption. With figures like Hogg on board, the narrative of blockchain as a speculative industry is shifting toward one of legitimacy and innovation.
Source: CFO Dive
CZ, Crypto’s Wealthiest Man, Focuses on Philanthropy
Changpeng Zhao (CZ), the CEO of Binance and one of the wealthiest figures in crypto, has announced a renewed focus on philanthropy. CZ’s latest initiative involves leveraging blockchain technology to increase transparency and efficiency in charitable giving, with an emphasis on combating poverty and improving global education.
Why This Matters:
Blockchain-based philanthropy offers a unique opportunity to ensure donations are used effectively, addressing long-standing concerns about corruption and mismanagement in the charity sector. CZ’s initiative could set a new standard for transparency in philanthropy.
Commentary:
CZ’s pivot toward philanthropy not only reflects the growing maturity of the crypto industry but also highlights blockchain’s potential to solve real-world problems. As trust becomes a cornerstone of crypto adoption, initiatives like this can have a far-reaching impact.
Source: Yahoo Finance
Key Trends Shaping Blockchain and Crypto Today
Today’s stories illustrate several key trends in blockchain and crypto:
- Institutional Alignment: From the ECB’s digital euro to Charlotte Hogg’s new role, traditional finance is increasingly embracing blockchain technologies.
- Simplifying Innovation: Tools like Enso reflect a push to make blockchain development more accessible, which will drive adoption across industries.
- Security Concerns: The kidnapping of a French crypto executive serves as a stark reminder of the risks faced by industry leaders.
- Social Impact: CZ’s philanthropic efforts demonstrate how blockchain can drive social good, particularly in areas like education and poverty alleviation.
Looking Ahead
As blockchain and cryptocurrency continue to evolve, the industry is moving beyond speculative trading toward meaningful applications. Whether it’s through enhancing supply chain transparency, driving financial inclusion, or simplifying development, blockchain’s potential remains immense. However, challenges like regulation, security, and public trust must be navigated carefully to ensure sustained growth.
This concludes Blocks & Headlines: Today in Blockchain for January 24, 2025. Stay tuned for tomorrow’s briefing as we continue to track the trends and innovations shaping the future of blockchain and cryptocurrency.
The post Blocks & Headlines: Today in Blockchain – January 24, 2025 (IBM, SAP, Oracle, Bitfury Group, Auxesis Services Technologies, Binance, European Central Bank) appeared first on News, Events, Advertising Options.
Blockchain Press Releases
Crypto Markets Lukewarm on Trump’s Inauguration: Bybit and Block Scholes Report
DUBAI, UAE, Jan. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest weekly crypto derivatives report in collaboration with Block Scholes, recognizing crypto markets’ subdued bullish sentiment in an almost anti-climatic turn of events after Trump’s inauguration.
The 2025 presidential inauguration triggered a wild weekend of speculation with Trump family meme coins TRUMP and MELANIA, tilting derivative markets toward a bullish shift. However, the anticipated BTC-related executive orders failed to materialize, causing implied volatility to drop although realized volatility rose. Perpetual and options markets maintained high funding rates and a persistent bullish tilt, reflecting the complex speculative environment as crypto’s sunny expectations met political uncertainty.
Key Insights:
SOL’s Spotlight Moment: Trump’s issuance of “husband and wife” coins sparked an all-time high in Solana perpetual swaps, driven by traders anticipating crypto-friendly policies. The TRUMP meme coin’s launch on Solana DEXs elevated the network’s fee generation, symbolically positioning it above Ethereum competitors.
Derivatives Market Resilience: Perpetual swap funding rates remained neutral-to-bullish despite minimal crypto-positive inauguration announcements, with open interest showing stable positions. Derivatives markets viewed the event as just one of many potential catalyst opportunities.
BTC Options Speculation: Earlier anticipation of a potential strategic BTC reserve triggered significant short-tenor options positioning, resulting in robust call buying and the strongest at-the-money term structure inversion since the November 2024 election. While front-end volatility pricing has moderated, the strong skew toward out-of-the-money calls persists.
Access the full report, including detailed analysis of volatility trends, funding rates, and options market dynamics.
#Bybit / #TheCryptoArk /#BybitResearch
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.
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
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/crypto-markets-lukewarm-on-trumps-inauguration-bybit-and-block-scholes-report-302359698.html
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