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Blockchain Press Releases

Bitget Wallet Unveils Bitget Onchain Layer, Rolls Out $10M BWB Ecosystem Fund




VICTORIA, Seychelles, May 15, 2024 /PRNewswire/ — Bitget Wallet, a leading non-custodial wallet and decentralized ecosystem platform, has announced the launch of its latest product blueprint, the Bitget Onchain Layer, to revolutionize the overall Web3 experience for its users. The Bitget Onchain Layer will not only integrate a host of native DApps within Bitget Wallet through joint collaboration with builders, but also position Bitget Wallet as the primary on-chain extension and future of the Bitget ecosystem. Concurrently, a $10 million BWB Ecosystem Fund has also been established, dedicated to accelerating the development of the Bitget Onchain Layer and supporting aligned projects and initiatives.

Powering the Bitget Onchain Layer are native Modular Feature-DApps (MFDs), specialized applications to streamline user interactions, enhance liquidity aggregation, and fortify security measures. Initially, the ecosystem fund will be dedicated towards the investment and incubation of various Web3 trading services, of which three are already in the pipeline: Pre-Market, on-chain derivatives market, and Trading Bot. These services, in the form of MFDs, will further complement Bitget Wallet’s existing Swap trading service.

Since its inception as a multi-chain wallet in 2018, Bitget Wallet has evolved into a comprehensive platform featuring native functions such as multi-chain wallet, Swap, intelligent market data, Launchpad, inscriptions tool, and earning center, reflecting its transformation from an asset management tool to a full-stack DeFi ecosystem and platform.

In this journey, Bitget Wallet has attracted over 20 million users globally and has gained widespread recognition. Just last month, the platform achieved a record high in Swap data, with trading and order volumes surpassing MetaMask.

As Bitget Wallet continues to build, several enduring yet unresolved challenges in the Web3 space demand attention, including navigating across multiple blockchain networks, selecting the right DEXs, choosing from a myriad of liquidity pools, and much more, oftentimes resulting in a poor user experience.


To produce innovative solutions to these problems, Bitget Wallet first began by introducing a native swap aggregator, Bitget Swap, to cater towards user demands for seamless on-chain trading and earning experiences. Deploying Bitget Swap as a native platform feature also opened up avenues for more value-added features including gas-free transactions and multiple trading modes to enhance the overall trading experience for users, forming the first step in Bitget Wallet’s journey to developing a native on-chain ecosystem layer.

On a macro level, the Bitget Onchain Layer serves as an intermediate layer that abstracts away complexities for users to interact with the Web3 world with the help of Modular-Feature DApps (MFDs). These function both as standalone DApps as well as native features integrated directly into Bitget Wallet. By working with industry developers to create effective and purposeful MFDs, Bitget Wallet aims to meet users’ needs in a more efficient manner, while also supporting developers and DApp projects in Web3.

Aside from trading, the Bitget Onchain Layer also aims to provide native accessibility for new narratives, assets, and opportunities across Web3 from Bitget Wallet by introducing an open and collaborative ecosystem strategy to offer comprehensive coverage over a spectrum of financial services.

In tandem with the development of the Bitget Onchain Layer, the wallet has also prioritized the burgeoning Meme ecosystem as a central focus of its product roadmap. Following the launch of Bitget Wallet’s experimental Meme token, $MOEW, the platform plans to explore further integrations and community engagements within this space, including Meme Grants and events to bolster Meme culture and Web3 engagement. Bitget Wallet has also engineered a dedicated Meme token leaderboard within its wallet interface, providing users with up-to-date information on the latest trending Meme coins and price movements, providing the competitive edge needed to stay ahead of the Meme market.

Bitget Wallet and the Bitget Onchain Layer are fundamentally anchored by the BWB token, which has multiple roles within the ecosystem, including governance voting, eligibility for participation in Launchpad events, staking rewards, and payment of multichain gas fees, among other utilities. Following the conclusion of the BWB Points Airdrop Campaign and BWB Ecosystem Partner Program, the wallet has now announced its allocation plans for the BWB token. The total supply of BWB tokens is set at 1 billion, distributed across community rewards, team, and partnership initiatives. Nearly 47% of this total supply will be allocated to the community treasury and 10% will go to investors, while 5% will be reserved for the pre-TGE (token generation event) airdrop.


Moving ahead, Bitget Wallet will continue to refine its platform by integrating high-frequency and core features that enhance user experience and interaction within the Web3 ecosystem. The focus will remain on product growth and strategic infrastructure development to sustain advancement and ensure a robust foundation for the future.

Bitget Wallet’s evolution reflects its commitment to pushing the boundaries of what a Web3 wallet can offer. It has transitioned from asset management to a broader scope of DeFi functionalities, reinforcing its market position and setting a new standard in the cryptocurrency and DeFi space.

About Bitget Wallet

Bitget Wallet is Asia’s largest and leading global Web3 trading wallet, with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, and DApp browsing. Currently, it supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains.

For more information, visit: Website | Twitter | Telegram | Discord


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Blockchain Press Releases

HTX Appoints Singapore National Goalkeeper Hassan Sunny as Chief Safeguarding Officer




SINGAPORE, June 15, 2024 /PRNewswire/ — HTX, a leading cryptocurrency exchange, proudly announces the appointment of Singapore national football team goalkeeper Hassan Sunny as Chief Safeguarding Officer.

“The partnership between HTX, the ‘People’s Exchange’, and Hassan Sunny, the ‘People’s Goalkeeper’, is a perfect match,” said Justin Sun, Member of the HTX Global Advisory Board. “Together, we will work to ensure the safety and security of user assets in the ever-evolving crypto world. Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user’s assets with the same determination and resolve, providing the safest and most reliable investment environment possible.”

Sunny also expressed his excitement about joining the HTX family, stating “I am excited to be part of HTX. I can’t wait to embark on this journey with the team.”

Sunny has been called a national hero in China for his outstanding performance in the final group match of the first round of the 2026 FIFA World Cup Asian Qualifiers against Thailand on June 11th. Despite facing relentless attacks, Sunny made an incredible 11 saves, including a crucial one in stoppage time. Singapore ultimately lost the match 1-3, but their result helped China qualify for the next round at the expense of Thailand.

About HTX:


Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.


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New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund




Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.


The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.


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Riot Platforms Acquires 14% Stake in Bitfarms Ltd.




Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.


Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.


Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.


The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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