Blockchain Press Releases
APX Lending Announces Expansion into the US and Unveils White Label Solution
TORONTO, Aug. 13, 2024 /PRNewswire/ — APX Lending, a pioneer in compliant crypto-backed lending, is proud to announce two significant developments that underscore its commitment to innovation and market leadership. At the Blockchain Futurist Conference 2024 in Toronto, Canada, CEO Andrei Poliakov announced the company’s expansion into the United States, where it now serves comfmercial borrowers across 30 states, and unveiled APX Lending’s new White Label Solution designed for banks, credit unions, lenders, and fintech companies.
Expansion into the US Market
APX Lending is pleased to announce that it has expanded its services to commercial borrowers across 30 U.S. states, offering loans from $1,000 to $10 million, with retail lending coming soon. This strategic move targets the $4 billion U.S. crypto-backed lending market. The company is committed to maintaining its high standards of security and compliance, with collateral held in segregated and insured cold storage wallets and visible to borrowers on the blockchain throughout the loan term.
Introducing the APX Lending White Label Solution
In addition to the U.S. expansion, APX Lending has unveiled its White Label Solution—a comprehensive, fully managed platform that enables financial institutions to offer their own branded crypto-backed lending services with minimal overhead. Built on APX Lending’s 100% proprietary technology, the platform is designed with high availability, customizable branding, and robust API integration to ensure seamless adoption. The solution also features advanced security protocols, including role-based access control, out-of-the-box Web Application and API Protection (WAAP), and custom reporting capabilities, all backed by dedicated support from APX Lending.
These announcements strengthen APX Lending’s role as a leading provider in the global crypto-backed lending industry, offering innovative solutions that cater to the changing needs of both businesses and institutions.
Notable Quotes for Media Reference:
- “As we continue to innovate and expand in Canada and the US, our focus remains on delivering cutting-edge crypto-backed lending solutions with the highest standards of security and compliance. This commitment sets APX Lending apart globally. We’re excited to now serve commercial borrowers across 30 states and look forward to expanding into the retail sector soon.” – Andrei Poliakov, CEO of APX Lending
- “Our technology and compliance expertise make us uniquely positioned to offer a white label solution that is both robust and adaptable. We are excited to collaborate with financial institutions worldwide, helping them to seamlessly enter the crypto-backed lending space with confidence and security.” – Andrei Poliakov, CEO of APX Lending
About APX Lending
APX Lending (www.apxlending.com), registered with both FINTRAC and FinCEN, is a crypto-backed lending platform that provides compliant, safe, and secure Bitcoin and Ethereum-backed loans to individuals and institutional clients across Canada and the United States. With a focus on security and regulatory compliance, APX Lending has become a trusted partner in the digital asset lending space. The company also offers a robust white label solution, empowering banks, credit unions, and financial institutions worldwide to seamlessly integrate and offer their own branded crypto-backed lending services.
Media Contact: Emanuel Petrescu, Head of Growth, APX Lending, Email: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/apx-lending-announces-expansion-into-the-us-and-unveils-white-label-solution-302221510.html
Blockchain Press Releases
Movement Network Foundation Announces Public Mainnet Beta Now Live with $250M+ TVL
Innovative day-one liquidity fuels the latest Move blockchain network launch
GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to advancing MoveVM technology, today announced the successful launch of Movement Public Mainnet Beta, with an impressive $250M in at-launch Total Value Locked (TVL) from the Cornucopia program. This milestone enables permissionless smart contract deployment and user onboarding for the first time and allows everyone to freely build on and use Movement, the only Move-based chain that settles to Ethereum.
Cornucopia Deepens Liquidity
“Securing over $233 million in TVL through our Cornucopia program is a clear validation of the market’s confidence in Movement,” said Cooper Scanlon, Co-Founder of Movement Labs. “This level of day-one liquidity is exceptionally rare for a new network and gives us, our builders, and our community a significant advantage. It allows us to skip the months-long bootstrapping phase and immediately provide the foundation needed for meaningful DeFi adoption and utility.”
Cornucopia provides Movement Network with substantial day-one liquidity across BTC, ETH, MOVE, and stablecoin assets, addressing one of the primary challenges new networks face: the “cold start” problem. Developed with industry leaders including Concrete, Veda Labs, Echelon and Canopy, this robust financial foundation enables Movement to support sophisticated DeFi applications from day one.
Public Mainnet Beta Launch: Features
Movement Network is a secure and scalable network of Move-based chains secured by Ethereum, creating safer execution environments through the Move programming language originally developed by Meta to power safer, better digital economies. Movement is the Network’s first chain.
Public Mainnet Beta key features:
- Permissionless smart contract deployment
- Full user onboarding and engagement
- Attestations of block states will be committed to Ethereum as part of the Movement’s Fast Finality Settlement.
- Canonical Movement bridge via LayerZero
“With Public Mainnet Beta, developers can now deploy smart contracts without approval, and users can freely engage with the Movement ecosystem. This marks the beginning of a new chapter for Move-based technology, combining robust security and better performance with Ethereum’s network affects” added Rushi Manche, Co-Founder, Movement Labs.
The launch features the canonical Movement bridge powered by LayerZero, enabling users to seamlessly transfer MOVE (the network’s native gas token), USDT, USDC, wBTC, wETH, and more to the Movement chain.
The Movement Network Foundation will continue to launch additional features over time as the ecosystem evolves.
For more information about Movement Public Mainnet Beta, For more information about Movement’s Developer Mainnet, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.
About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.
MEDIA CONTACT:
Carmen Pearson
Head of PR & Communications
Movement Labs
[email protected]
Video – https://www.youtube.com/watch?v=d_wSu1QPz3E
View original content:https://www.prnewswire.co.uk/news-releases/movement-network-foundation-announces-public-mainnet-beta-now-live-with-250m-tvl-302396414.html
Blockchain Press Releases
Movement Network Foundation Announces REX-Osprey™ Funds Files for First U.S. Movement ETF as Public Mainnet Beta Launches
First Movement ETF Filing Will Provide U.S. Investors with Exposure to Movement Ecosystem
GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to advancing MoveVM technology, today announced that REX-Osprey has filed for a new exchange-traded fund (ETF) focused on $MOVE. If approved, this ETF would be the first providing exposure to Movement through traditional financial rails. Simultaneously, the Foundation announced the successful launch of Movement Public Mainnet Beta, with $250M in at-launch Total Value Locked (TVL) from its Cornucopia program.
“This filing represents a historic moment not just for Movement, but for the entire Move landscape,” said Rushi Manche, Co-Founder of Movement Labs. “Breaking the pattern of ETFs limited to long-established cryptocurrencies opens doors for institutional capital to support next-generation blockchain innovation.”
“Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” noted Cooper Scanlon, Co-Founder of Movement Labs. “This ETF represents the convergence of innovative financial products with cutting-edge blockchain architecture.”
ETF Provides Traditional Market Access to $MOVE
The Move programming language, originally developed by Meta, empowers Movement developers to create more efficient, more secure smart contracts. If approved, the ETF would allow investors to gain exposure to Movement through traditional brokerage accounts and retirement vehicles without the technical complexities of direct token management.
Public Mainnet Beta Launches with Substantial Liquidity
Concurrent with the ETF filing announcement, Movement Network Foundation has successfully launched its Public Mainnet Beta with $250M in Total Value Locked (TVL). This day-one liquidity provides the network with immediate utility.
The Public Mainnet Beta enables permissionless smart contract deployment, full user onboarding, and Ethereum settlement. It gives users and builders the full benefits of Move and the MoveVM. Users can access the network through the canonical Movement bridge powered by LayerZero.
For more information about Movement Public Mainnet Beta, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.
About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.
MEDIA CONTACT
Carmen Pearson
Head of PR & Communications
Movement Labs
[email protected]
Logo – https://mma.prnewswire.com/media/2575812/Movement_Network_Foundation.jpg
View original content:https://www.prnewswire.co.uk/news-releases/movement-network-foundation-announces-rex-osprey-funds-files-for-first-us-movement-etf-as-public-mainnet-beta-launches-302397057.html
Blockchain Press Releases
Market Needs a Stronger Boost than Trump’s Crypto Strategic Reserve: New Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, March 10, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest weekly crypto derivatives analytics report with Block Scholes as President Trump signed the executive order to establish a strategic BTC reserve on Thursday.
In the first week of March, crypto market movements suggested traders had digested the positive news and pulled towards bearish territories with a declining S&P 500 and growing skepticism surrounding ETH and SOL. This waning enthusiasm is evidenced by a notable increase in demand for short-term protective options as investors seek to mitigate potential risks in the evolving market landscape.
Key Highlights:
- Stable Funding Rates: Following President Trump’s announcement on Mar. 2, the spot prices of involved cryptocurrencies surged. However, funding rates for these assets have not reached extreme levels, remaining relatively stable compared to highs seen prior to Trump’s inauguration. This suggests a balanced demand for long positions, indicating subdued short interest in the market.
- Volatility in ETH Options: The enthusiasm surrounding ETH was quickly tempered as ongoing tariff discussions contributed to bearish market sentiment. This has resulted in a notable increase in realized volatility, surpassing options-implied levels. As traders seek protection, the market has seen a shift in short-term volatility towards puts, reflecting a cautious outlook.
- Decline in SOL Open Interest: The report also notes a decrease in open interest for Solana options at the end of February. Despite the inclusion of SOL in the proposed crypto reserve, open interest has not seen a corresponding uptick, with a majority of new positions still favoring calls, albeit at a lackluster pace.
Access the Full Report
For detailed insights, readers may download the full report.
#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
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View original content:https://www.prnewswire.co.uk/news-releases/market-needs-a-stronger-boost-than-trumps-crypto-strategic-reserve-new-bybit-x-block-scholes-crypto-derivatives-report-302396850.html
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