Blockchain Press Releases
HTX Ventures Invests in Lombard to Develop the Bitcoin Restaking Ecosystem
SINGAPORE, July 8, 2024 /PRNewswire/ — To enhance the liquidity and the ecosystem for Bitcoin, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Lombard. Lombard is a restaking protocol poised to catalyze growth across the Web3 ecosystem by transforming Bitcoin from a static store of value into a productive financial asset.
Lombard builds its restaking product on top of the Bitcoin staking protocol Babylon, which allows individuals to use Bitcoin to secure other proof-of-stake networks. Lombard increases liquidity for staked BTC by issuing LBTC, a liquid and yield-bearing representation of BTC. LBTC can move seamlessly across chains and decentralized finance (DeFi) platforms as collateral without compromising security. LBTC will soon be integrated into the most popular DeFi protocols on the Ethereum Mainnet before launching on widely used Layer 2 (L2) chains later this year.
“Liquid restaking is the next revolution for the Bitcoin Ecosystem, and Lombard is the project driving this transformation,” said Edward, Managing Partner at HTX Ventures. “Lombard is rapidly expanding to onboard the LBTC token onto major ecosystems and DeFi protocols. This will enable Bitcoin to be lent, borrowed, and traded, unlocking tremendous utility for Bitcoin holders and revitalizing the BTC ecosystem. HTX Ventures is incredibly excited to partner with Lombard to empower Bitcoin holders and the broader BTC ecosystem.”
“We are delighted to have HTX Ventures for investing in the development of LBTC as a new core primitive. LBTC will unlock a massive amount of net-new capital into the ecosystem and bring new liquidity and users to DeFi protocols and exchange platforms. HTX Ventures shares Lombard’s mission to accelerate on-chain finance and we look forward to building on these synergies to accelerate the growth of LBTC,” said Jacob Phillips, Co-founder, Lombard.
LBTC will soon be accessible to all and supported by all chains and DeFi protocols. Join the LBTC Waitlist for exclusive access to LBTC and rewards for early participation.
About Lombard
Named after the historic Lombard Street in London—a hub of financial activity since the Middle Ages—Lombard symbolizes a place where all participants are connected to opportunity. By adopting the Lombard name, we rebuild its legacy on digital blocks, transforming it into a modern nexus of innovation and connectivity.
Founded in April 2024, Lombard is dedicated to unlocking Bitcoin’s potential as a dynamic financial tool by connecting it to DeFi. We are a diverse team of DeFi natives, working with technology and infrastructure partners towards a shared, ecosystem-driven mission to collectively onboard Bitcoin to DeFi.
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 300 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 Dragonfly, Bankless Ventures, Gitcoin, Figment, and Animoca. Visit us here.
Contact Details
EE
[email protected]
Company Website
https://www.htx.com/en-us/ventures
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View original content:https://www.prnewswire.co.uk/news-releases/htx-ventures-invests-in-lombard-to-develop-the-bitcoin-restaking-ecosystem-302191100.html
SINGAPORE, Feb. 17, 2025 /PRNewswire/ — HTX kicked off 2025 with a strong performance, driven by the broader crypto market’s recovery and renewed investor confidence. The exchange achieved significant growth in user base, asset performance, and product innovation, solidifying its position as a leading global cryptocurrency platform.
Record User Growth and Industry Recognition
January witnessed explosive growth for HTX, surpassing 50 million total registered users and achieving a remarkable 105% MoM growth, setting a new company record. Aligning with its mission of “Building the Metaverse Free Port” and vision of “Achieving Financial Freedom for 8 Billion People on Earth,” HTX continues its global expansion, providing high quality service to Web3 enthusiasts worldwide.
This growth was mirrored by a surge in platform popularity. From January 17 to 20, HTX search clicks reached an all-time high, increasing by 350% compared to December 2024. Platform exposure also rose by 520%, indicating growing user interest and recognition.
This exceptional performance garnered industry-wide acclaim:
- PANews PARTY AWARD 2025:
- Awarded “Best Exchange of the Year”.
- HTX Ventures honored as “Best Investment Institution of the Year”.
- Forbes: Recognized as one of the “Top 25 World’s Most Trustworthy Crypto Exchanges”.
Forbes, a leading financial media outlet, evaluated cryptocurrency exchanges based on trading volume, regulation, cost, and other key factors. HTX excelled in BTC & ETH holdings, spot trading volume, and product offerings, securing a 6th-place ranking in spot market share among all listed exchanges.
Trade New Cryptos Only on HTX! 25 New Assets Listed, Featuring Prominent AI and Celebrity-Themed Tokens
HTX listed 25 new assets in January, including notable AI and celebrity-themed tokens. AI projects like ELIZA (up 204%), ARCSOL (up 172%), GAME (up 159%), and GRIFT (up 225%) demonstrated strong performance. The platform was an early mover in listing the highly anticipated $TRUMP token, which surged by 431% post-launch. $MELANIA also experienced a 60% increase. HTX remains committed to offering users diverse investment opportunities and identifying promising early-stage projects.
To further inform investors, HTX Ventures published a key research report, “A New Era for DeFi with Crypto Compliance and New Opportunities in RWA-Fi and Stablecoin Payments“. This report analyzes emerging market trends, focusing on compliance, DeFi growth, and the future of stablecoin payments, providing valuable investment insights for users.
Product Innovations and Community Growth Drive Enhanced User Experience
HTX continued to prioritize user experience with several product enhancements in January, including Crypto Radar, HTX 2024 RECAP, Surprise Gifts, and a redesigned NewListing section. These features empower users to identify investment opportunities, optimize financial planning, and engage more effectively with the community. The platform also introduced an AI-powered FAQ product to streamline information access and improve customer service.
On January 15, 2025, HTX DAO completed its Q4 2024 $HTX token burn, destroying 9,982,673,247,009.8082 $HTX tokens worth over $22.47 million.
Enhanced Security and Transparency for User Confidence
In January, HTX prioritized platform security by implementing robust measures to safeguard users accounts, transactions and assets.
Account Security: HTX sent out 380,003 security reminders (339,480 emails and 40,523 SMS) to users, empowering them to proactively address to potential threats. The platform also successfully shut down 6 phishing websites and fake app download sites to prevent users from falling victim to scams.
Transaction Security: HTX focused on blocking abnormal transactions, successfully intercepted 3 withdrawal attempts to scam addresses and recovering 72,962 USDT for users. Furthermore, the platform resolved 7 incidents involving stolen assets flowing into the platform and assisting in freezing 193,702 USDT in stolen funds.
Asset Security: HTX added 189 new addresses to its blacklist, effectively preventing the inflow of illicit funds by intercepting 4 deposits from these addresses, totaling 624,190 USDT.
HTX has consistently demonstrated its commitment to transparency. The platform updated its Merkle Tree Proof of Reserves for February 2025, revealing that its reserve ratio for major assets (BTC 101%, ETH 100%, TRX 105%, USDT 101%, HTX 104%, XRP 101%, DOGE 100%, SOL 102%) consistently exceeds 100%. This marks the 28th consecutive month of public disclosure of reserve data, readily accessible for users on the “Assets – PoR Reports” page of the HTX official website.
Throughout January, HTX’s customer service team provided exceptional support, assisting 38,642 users and effectively addressing 78,931 inquiries across various areas such as P2P trading, on-chain transactions, 2FA, asset management, and KYC verification. The team’s dedication to providing professional and timely solutions resulted in an 80% user satisfaction rating, fostering a positive and loyal user base.
HTX’s strong January performance demonstrated its ambition and potential for continued success. This success was driven by its strong growth momentum, continuous product optimization, and a vibrant and engaged community. Moving forward, HTX remains committed to enhancing the user experience, driving product innovation, and providing safer, more convenient, and diverse trading services to users worldwide.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected].
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– Moby’s Strategic Expansion to Scale Institutional-Grade Trading and Structured Products
– Pioneering Options Innovation: RFA-Selected Moby Enhances Liquidity Berachain’s PoL
SINGAPORE, Feb. 17, 2025 /PRNewswire/ — Moby, the No.1 options protocol on Arbitrum with a total trading volume of $3.5 billion, has officially launched on the Berachain Mainnet.
Berachain is an EVM-identical Layer 1 blockchain that leverages the novel Proof of Liquidity (PoL) consensus mechanism, setting it apart from traditional proof-of-stake (PoS) networks. By embedding liquidity provisioning into its core security model, PoL aligns incentives across validators, applications, and users—ensuring liquidity and security at the network level.
Moby’s pioneering efforts have been recognized through its selection for Berachain’s prestigious Request for Application (RFA) program—an endorsement reflecting the protocol’s robust infrastructure and potential to enhance liquidity across the Berachain ecosystem. Moreover, Moby has secured partnerships with key industry players such as Kodiak, Infrared, PumpBTC and GMX, further solidifying its position within the ecosystem.
Moby offers two key advantages for Berachain traders and institutions: deeper liquidity and exceptionally tight spreads, both designed to ensure an optimal trading environment. Meanwhile, liquidity providers benefit from high passive income, underpinned by stable risk management achieved through real-time automatic hedging.
Additionally, Moby’s Structured Product Vault (SPV) seamlessly integrates with Berachain’s PoL mechanism, providing an efficient yield-enhancing solution. The SPV aggregates PoL rewards and optimizes their yield through algorithmic options trading. It will integrate LST/LRT and Real World Assets (RWA) to expand the on-chain options market.
“The expansion to Berachain is a pivotal step for Moby,” stated Ben, CEO of Moby. “By leveraging Berachain’s PoL model, we are setting the stage for a more liquid and scalable on-chain options market—ushering in a new era of institutional-grade trading and structured products”
Coinciding with its official launch on the Berachain mainnet, Moby introduced an incentive program for early access users. This initiative allows users to earn rewards based on their engagement.
Moby Contacts
Team Moby
[email protected]
About Moby
Moby is an on-chain options protocol to lead the next narrative for DeFi. Moby offers an optimized trading environment based on its pioneering SLE (Synchronized Liquidity Engine) and Dynamic Risk Premium model, which enables real-time accurate pricing, narrowest spread in the market, abundant liquidity, and Robinhood-class UI/UX.
Moby is set to provide new features such as capital efficiency improvement models and structured products to welcome institutions and the traditional TradFi audience.
⎹ Website ⎹ Twitter ⎹ Discord ⎹ Docs ⎹ Blog ⎹ Telegram
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View original content:https://www.prnewswire.co.uk/news-releases/moby-a-leading-options-protocol-expands-to-berachain-mainnet-302377647.html
SINGAPORE, Feb. 16, 2025 /PRNewswire/ — WSPN (Worldwide Stablecoin Payment Network) is thrilled to announce its participation in Consensus Hong Kong 2025, marking a significant milestone in the evolution of digital finance. As stablecoins emerge as a transformative force in global finance, with ARK Invest forecasting a $1.4 trillion market by 2030, WSPN is pioneering innovative Stablecoin 2.0 solutions that are reshaping the future of digital payments.
During Consensus Hong Kong on February 19-20, 2025, WSPN will showcase its cutting-edge stablecoin solutions at Booth #2103. Visitors will experience firsthand how WSPN’s technology is driving this trillion-dollar market transformation through more efficient, secure, and transparent payment solutions while ensuring financial stability.
On the eve of the main conference, WSPN, together with industry leaders Solana, RedotPay, and MetaEra, will host an exclusive cocktail reception: “Stable Rise – Stablecoin 2.0: Future of Digital Payment”. This high-profile gathering aims to unite visionaries and innovators who are actively shaping the future of digital payments.
The reception will feature insightful keynote speeches from industry leaders, premium networking opportunities, and discussions on the future of digital payments. Attendees will gain firsthand insights into the technology driving the next trillion-dollar market while exploring partnership opportunities in the rapidly growing Asia Pacific region, solidifying WSPN’s role as a pioneer in the stablecoin ecosystem.
Event Details:
- WSPN at Consensus Hong Kong 2025: February 19-20, 2025, Booth #2103, Hong Kong Convention and Exhibition Centre
- “Stable Rise – Stablecoin 2.0: Future of Digital Payment” Cocktail Party: February 18, 6:30 PM – 9:30 PM, Conrad Hong Kong Garden Cafe Terrace. Register here: https://lu.ma/7ebuj5cd
Visit WSPN at Consensus Hong Kong 2025 to discover the future of digital payments through our Stablecoin 2.0 technology. Don’t miss our exclusive cocktail reception to engage with industry leaders and be part of the conversation shaping the future of stablecoins.
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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View original content:https://www.prnewswire.co.uk/news-releases/wspn-pioneers-stablecoin-2-0-at-consensus-hong-kong-2025–302377608.html
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