Blockchain Press Releases
WUSD Stablecoin Expands Reach with Integration on Binance Smart Chain and Solana
TORTOLA, British Virgin Islands, June 14, 2024 /PRNewswire/ — WSPN, a leading global digital payments company renowned for its commitment to transparency, speed, and efficiency, is actively broadening the accessibility of its Worldwide USD (“WUSD”) stablecoin. Now readily available on both Binance Smart Chain (“BSC”) and Solana, alongside its existing presence on Ethereum and Polygon, WUSD is able to provide users across multiple platforms with faster transactions, future upgrade opportunities, and a more expansive presence in the Web3 space.
The integration with BSC brings significant advantages, including lower transaction fees and faster transaction speeds. This expansion allows WUSD to tap into BSC’s thriving ecosystem, providing users with a fast and efficient stablecoin option for various financial applications. Additionally, the compatibility with Ethereum Virtual Machine (“EVM”) enables WSPN to partner with leading dAPPs and other projects on BSC, further broadening the WUSD ecosystem.
Renowned for its high throughput and minimal fees, Solana offers a robust and rapidly growing ecosystem. This expansion to a non-EVM chain significantly boosts WUSD’s utility, enabling seamless and cost-effective participation in DeFi protocols and other payment-focused applications. Furthermore, the upcoming Firedancer upgrade is expected to make Solana’s transaction speed even more impressive, strengthening WUSD’s presence in this high-growth space.
The expansion of WUSD to BSC and Solana demonstrates WSPN’s dedication to providing efficient, scalable, and accessible financial solutions for its users. WSPN will continue to integrate with XLayer and other blockchains, develop cross-chain swaps, and create bridging solutions across multiple networks to further enhance the interoperability and usability of WUSD across different blockchain ecosystems.
About WSPN
WSPN is a global digital payments company that provides transparent, fast, and efficient digital payment solutions leveraging the latest technological advancements of Distributed Ledger Technology (“DLT”). We are dedicated to shaping seamless digital payment solutions for our global partners worldwide at the frontier of future digital payments and financial inclusion.
Worldwide USD (‘WUSD’), WSPN’s flagship USD stablecoin, is a fiat-collateralized stablecoin that is pegged to the U.S. Dollar at a 1:1 ratio. Dedicated to optimizing payment solutions for web3 industry enterprise users, WUSD empower the real economy through secure, compliant digital payments, spanning stablecoins, exchanges and cards, all geared for global expansion.
Learn more: www.wspn.io | Twitter | LinkedIn | Telegram
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View original content:https://www.prnewswire.co.uk/news-releases/wusd-stablecoin-expands-reach-with-integration-on-binance-smart-chain-and-solana-302172785.html
DUBAI, UAE, June 24, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, is proud to announce the launch of its groundbreaking Futures Combo, a cutting-edge solution designed to revolutionize portfolio management. This product, the first of its kind, offers traders new tools to maintain a futures portfolio with fixed proportions, regardless of market fluctuations.
Futures Combo provides a comprehensive suite of features, including auto rebalancing, which ensures that each asset in the portfolio maintains its initial weight, effectively mitigating risks associated with market volatility. With Futures Combo, traders can rest assured that their portfolio is optimized, even in volatile conditions.
Auto-rebalancing can be triggered based on user preferences, set intervals or deviations from predefined thresholds. This flexibility empowers traders to customize their trading strategies according to their risk appetite and market outlook. Furthermore, the product beats existing rebalancing solutions, such as the spot rebalancing bot, which lacks the capability for short selling and leverage adjustments.
Futures Combo is applicable across a range of trading scenarios:
- Index Trading: Maintain a fixed-proportion asset portfolio to replicate market index performance.
- Relative Value: Capitalize on market disparities by longing one market sector and shorting another, regardless of market direction.
- Alpha Strategy: Mitigate market risk by longing an asset portfolio while shorting the benchmark asset, focusing on generating excess returns.
- Equal Weighting: Allocate your investment evenly to each asset and keep rebalancing. Enhance returns by giving more exposure to undervalued assets.
“Bybit’s Futures Combo gives traders an excellent new tool to manage their portfolios,” said Hao Yang, head of financial products at Bybit. “As the first platform to innovate this solution, Bybit continues to lead the way in the crypto industry, democratizing access to products that previously were only available to a select few.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 30 million users established in 2018. It 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.
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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View original content:https://www.prnewswire.co.uk/news-releases/bybit-introduces-futures-combo-revolutionizing-portfolio-management-302180084.html
Blockchain Press Releases
Bybit Report Reveals Decreased Stablecoin Exposure Among Institutional and Retail Investors, with Institutions Concentrating More on BTC and ETH
DUBAI, UAE, June 24, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, has released its Q2 Asset Allocation report, which covers the period from December 2023 to May 2024.
According to the report, as of May 2024, BTC remains the largest single asset held by all users, accounting for 26% of users’ total assets in this leading cryptocurrency.
The data also reveals a declining trend in stablecoin holdings for all users, decreasing from 50.2% in December to 42.8% in May. Excluding stablecoins, 61% of users’ crypto investments are allocated to BTC and ETH.
Similar to institutions, retail traders continue to show a preference for BTC over ETH, despite renewed optimism for ETH Spot ETFs. However, institutional positions in BTC and ETH have become more concentrated compared to those of retail traders, with holdings of 39.4% and 20.9% respectively, as of May.
Eugene Cheung, Head of Institutions at Bybit, said, “As a leading crypto exchange in the industry, Bybit continues to solidify its position as the preferred partner for institutions seeking a reliable and robust trading platform. Our commitment to providing deep liquidity, ensuring asset safety, and offering a capital-efficient account structure sets us apart. We remain dedicated to providing the highest quality service and support, empowering institutions to thrive in the dynamic world of digital assets.”
The report also provides insights into altcoin holding trends and the leverage behavior among institutions and retail traders. Read the full report now here.
#Bybit / #TheCryptoArk
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it 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.
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
Photo – https://mma.prnewswire.com/media/2444593/image.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.
In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.
While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.
Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.
Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.
Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.
Source: shakirabrasil.info
The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.
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