Blockchain Press Releases
Kaia hosts “KSL 2024” to Reveal its Strategy for Asia’s No.1 Blockchain
- Under the theme of “Asia’s Gateway to Web3,” the event introduces Kaia Wave, a new Web 3.0 builder support program that utilizes LINE’s established service, business, and marketing infrastructure.
- Along with leading Web 3 partners such as LINE Xenesis, Hashkey, DWF Labs and Google Cloud, speakers from new RWA projects such as Galactica, Grab JOOB, and TADA-MVL will participate in this event.
SEOUL, South Korea, Aug. 14, 2024 /PRNewswire/ — ‘Kaia’, a global layer 1 blockchain mainnet formed through the merger of the Klaytn and Finschia blockchains, which were initially developed by IT giants Kakao and LINE respectively, will host Kaia Square Lounge (KSL) 2024 during Korea Blockchain Week 2024. KSL 2024 will be held under the overarching theme of “Asia’s Gateway to Web3″, embodying Kaia’s goal of connecting global partners with Asia’s blockchain market. With co-hosts LINE NEXT Inc. and DWF Labs, KSL 2024 will introduce Kaia’s flagship RWA tokenization projects and new partnerships, while discussing how to expand Kaia’s Web3 ecosystem in Asia and beyond.
In addition, the Kaia project will introduce Kaia Wave, a new Web3 builder support program created in collaboration with LINE NEXT. Designed to optimize dApp UX and growth on Kaia, Kaia Wave will allow builders to tap on LINE’s service, business, and marketing infrastructure. LINE is one of Asia’s most used mobile superapps, with extensive user bases in Japan, Taiwan region, Thailand, and other Asian countries.
“KSL 2024 is a major event where we’ll highlight how LINE NEXT and Kaia intend to collaborate to develop the Web 3.0 ecosystem in Asia further and meet ecosystem participants in person,” said Youngsu Ko, CEO of LINE NEXT. “We will work with Kaia to ensure more users and developers can fully utilize the potential of Web 3.0.”
KSL: Kaia’s Flagship Ecosystem Event for Partners, Builders, and Retail Users
The KSL 2024 conference consists of two main topics: “Introducing Kaia: Your Web3 Journey Begins Today” on the first day, and “Welcome to Kaia: Your On-chain Gateway to Asia and Beyond” on the second day. The first day of the event will feature sessions to discuss the Kaia Wave program and the operation of the Kaia mainnet, while sharing global Web3 trends and insights.
On the second day, speakers from Asia’s leading Web3 projects will discuss blockchain market trends in Korea, Japan, Vietnam, and Thailand. Kaia’s partnering companies in the RWA and DeFi sectors will also introduce their new projects and Kaia ecosystem contribution plans. The ‘Networking Night’ events will follow after the conference sessions on both event days.
“DWF Labs has a strong commitment to fostering innovation and expansion within the blockchain ecosystem, and we are excited to co-host KSL 2024,” said Andrei Grachev, CEO of DWF Labs. “The progress in the Kaia project and strategic initiatives such as Kaia Wave represents a significant leap forward in connecting existing platforms across Asia with Web3 technologies. DWF Labs will support Kaia on its journey to become the largest blockchain ecosystem in Asia.”
KSL 2024 will bring together a number of influential Web3 companies such as LINE Xenesis and Hashkey. Projects that are exploring blockchain technologies to transform conventional businesses into tokenized RWA projects benefiting both users and investors will also take the stage, including Grab JOOB, TADA-MVL, and CREDER. What’s more, Google Cloud and Kaia’s flagship RWA project Galactica, will share their insights.
Dr. Sam Seo, Representative Director of Klaytn Foundation, stated, “KSL 2024 will serve as a platform to introduce Kaia to the audience, explore its prospects, and discuss the challenges it must overcome for significant progress.” He continued, “The event will foster valuable discussions with industry experts, aiming to position Kaia as a leading Asian player. Additionally, KSL will enhance our network with Web3 builders attending KBW 2024, thereby expanding Kaia’s global ecosystem.”
To attend KSL 2024, you can register online through the event banner on the Kaia official website (Kaia.io) or the side event list on the “Korea Blockchain Week 2024” website.
About LINE NEXT Inc.
Based in the United States, LINE NEXT Inc. is focused on growing the global Web3 business. Through building a Web3 ecosystem, LINE NEXT aims to provide new digital experiences and lead the way into the future.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
About Kaia blockchain
Kaia is a high performance public blockchain that simplifies Web3 for users, builders, investors, enterprises, and everyone in-between. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest Web3 ecosystem, with over 420 DApps and over 250 million potential users – all of whom can experience Web3 with the ease and speed of Web2 to connect, create, collaborate, and contribute to the ecosystem.
Kaia PR Contact:
Kaia | PR & Communications Lead
Kevin Kim
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/kaia-hosts-ksl-2024-to-reveal-its-strategy-for-asias-no1-blockchain-302221738.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]
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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]
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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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