Blockchain Press Releases
APX Lending Announces Landmark Decision of Canadian Securities Regulators
TORONTO, April 2, 2025 /PRNewswire/ — APX Lending is pleased to announce the Canadian Securities Administrators (CSA) have issued a first-of-its kind decision, granting the company exemptive relief from certain registration and prospectus requirements, dated April 1, 2025 (https://www.osc.ca/en/securities-law/orders-rulings-decisions/apx-inc). This positions APX Lending to be the first crypto-backed lender in Canada to provide borrowers with a secure and compliance-focused solution to access liquidity using their digital assets as collateral.
The global crypto-backed lending market is projected to exceed $45 billion by 2030, underscoring the growing demand for trusted solutions that integrate digital assets into the traditional economy. APX Lending is addressing this demand with an institutional-grade lending platform where users can deposit Bitcoin or Ethereum as collateral and access liquidity through flexible, competitive loan terms.
With industry-leading security, strict adherence to Canadian regulatory directives, and insured cold storage custody, APX Lending offers a level of protection that sets it apart from other lenders. A robust risk management framework facilitates transparency, safety, and security for both retail and institutional borrowers.
“Crypto-backed lending should be safe, secure, and simple to access,” said Andrei Poliakov, founder and CEO of APX Lending. “By engaging with Canadian regulators and leading the way in Canada, we are setting a new benchmark for compliance and security in crypto-backed lending, helping retail and institutional borrowers unlock liquidity while maintaining ownership of their digital assets. This marks a major step toward integrating crypto into mainstream finance and building a truly global, compliance-focused crypto-backed lending ecosystem.”
Beyond its core lending platform, APX Lending is seeing increased interest in its white-label lending solution, which allows banks, financial institutions and other lenders to seamlessly integrate crypto-backed lending into their offerings. With this regulatory milestone, APX Lending is set to begin servicing Canadian clients while further expanding into the US, Australia, New Zealand, and other global markets.
About APX Lending
APX Lending is a crypto-backed lending platform, providing instant liquidity to borrowers while maintaining compliance and security. The company enables retail and institutional borrowers to leverage their digital assets without selling them, offering a secure and compliance-focused borrowing experience. Founded by Andrei Poliakov, co-founder of Coinberry, one of Canada’s oldest and largest regulated crypto exchanges, APX Lending is pioneering the future of regulated crypto-backed lending worldwide.
For more information, please visit https://www.apxlending.com/
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking information within the meaning of applicable Canadian securities laws. In some cases, forward-looking information can be identified by the use of words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, and by discussions of strategies that involve risks and uncertainties, certain of which are beyond APX Lending’s control. In this press release, forward-looking information includes, among other things, statements relating to expectations of the size and success of APX Lending’s lending and other business activities. The forward-looking information is based on certain key expectations and assumptions made by APX Lending, including with respect to the ultimate market size and demand for crypto-backed lending in Canada and internationally and all other statements that are not historical facts.
By its nature, such forward-looking information necessarily involves known and unknown risks and uncertainties that may cause actual results, performance, prospects and opportunities in future periods of APX Lending to differ materially from those expressed or implied by such forward-looking statements. Furthermore, the forward-looking statements contained in this press release are made as of the date of this press release and neither APX Lending nor any other person assumes responsibility for the accuracy and completeness of any forward-looking information, and no one has any obligation to update or revise any forward-looking information, whether as a result of new information, future events or such other factors which affect this information, except as required by law.
Additional Information, For additional information, please contact, Media Relations: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/apx-lending-announces-landmark-decision-of-canadian-securities-regulators-302417829.html
Blockchain Press Releases
GRVT Launches Biggest Ever Trading Competition for Retail Traders, Offering Up to 175,000 USDT in Prizes
SINGAPORE, May 7, 2025 /PRNewswire/ — GRVT (pronounced “gravity”), the world’s first licensed onchain exchange – is excited to announce its largest trading competition to date, running from May 7 to June 5, 2025. The competition offers retail traders the chance to win a share of up to 175,000 USDT and 85 million Trader Points.
The event is open to all KYC-verified GRVT users and features a volume-based rewards system with nine reward bands and 15 prize levels. Participants will be rewarded based on their total trading volume during the competition period. The total reward pool will expand as the overall trading volume increases.
Early participants can also take advantage of special bonus rewards, and lucky traders will receive exclusive GRVT-branded merchandise.
Hong Yea, co-founder and CEO of GRVT, commented, “This trading competition marks the biggest event for our retail traders since our Mainnet launch at the end of last year. I am incredibly proud of what the team has delivered since Mainnet, and I’m grateful for the enthusiasm and support from our global community. We are committed to continuous improvement and look forward to bringing even more exciting opportunities to our users.”
For full details about the GRVT Trading Competition, including the complete rules and reward structure, please visit: https://help.grvt.io/en/articles/11168184-grvt-trading-rush
Disclaimer: Perpetuals trading of cryptocurrencies is subject to high market risk and price volatility and you may be called upon at short notice to commit further margin deposits or risk being liquidated. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our Risk Disclosure and Disclaimer in full.
Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore (“MAS”). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.
About GRVT
GRVT (pronounced “gravity”) is a blockchain-based platform that is democratizing how wealth is created and shared. It allows everyday people to trade, invest, and grow their wealth by providing direct access to top industry traders and investors. As the world’s first licensed onchaindecentralized exchange, GRVT is where traditional banking meets decentralized innovation on one regulated, compliant, trustless financial market place.
GRVT official website: https://grvt.io/
For media inquiries, contact: [email protected]
Social and Community: X | LinkedIn | Telegram | Discord
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View original content:https://www.prnewswire.co.uk/news-releases/grvt-launches-biggest-ever-trading-competition-for-retail-traders-offering-up-to-175-000-usdt-in-prizes-302448583.html
Blockchain Press Releases
Pharos Network Unveils High-Performance Layer 1 Testnet to Unlock RWA Adoption
HONG KONG, May 7, 2025 /PRNewswire/ — Pharos Network, a high-performance blockchain built for real-world assets (RWAs), announced the launch of its Testnet today. Designed for institutional-grade RWAs and enterprise-scale DeFi, Pharos offers a next-generation, modular infrastructure that addresses the key bottlenecks preventing institutions from entering Web3. The platform powers scalable deployment of decentralized applications, enables efficient payment solutions, and unlocks new use cases for tokenized assets.
The Pharos Testnet achieves up to 30,000 transactions per second with one-second finality, setting a new benchmark for Layer 1 blockchain performance. Its GPU-like architecture could support billions of users and reduce storage usage by 80%. The network also features built-in support for decentralized AI and privacy preserving SPN. With ZK-based KYC/AML capabilities, Pharos ensures enterprise-ready security and compliance. It remains fully EVM-compatible, offering faster and cheaper transactions, while enabling flexible, on-chain innovation.
Pharos’s product stack directly addresses the core bottlenecks in RWA adoption—scalability, compliance, and flexibility—unlocking new use cases across sectors such as renewable energy industry finance, payment, supply chain finance, and tokenized real estate. Its modular, high-throughput infrastructure enables secure deployment of RWA at scale, while meeting the regulatory and performance demands of the financial industry.
A growing ecosystem is already emerging on the Pharos Testnet, enabling innovative Defi use cases for RWAs. As an early collaborator of Pharos, OKX Wallet will support Pharos Testnet natively at launch. Early Pharos ecosystem projects include Zenith Swap, ELFi, Buzzing Club, Nextmate.AI, Faroswap, R2, OpenFi, Hemera, Blocksense, Supra, and more.
Founded by former AntChain and Alibaba blockchain leaders, the Pharos team brings deep enterprise experience, uniquely positioning it to deliver enterprise-grade solutions for institutions exploring green finance, payments, and new forms of programmable ownership and asset tokenization.
“The Pharos Testnet represents a significant milestone in our mission to unlock the true potential of RWAs. By providing a high-performance, scalable, and adaptable platform, Pharos meet the needs of bringing real world assets on a chain and bringing utilities to these assets.” said Alex Zhang, CEO of Pharos Network. “We’re excited to watch innovation flourish on Pharos and accelerate the convergence of traditional finance and decentralized technology.
Developers and users can access and experience the Testnet by visiting testnet.pharosnetwork.xyz.
About Pharos
Pharos Network is a revolutionary Layer 1 blockchain platform that sets new benchmarks in decentralized technology with its extreme performance and scalability. Founded by ex-blockchain leaders from Ant Financial and Alibaba, Pharos aims to build the best chain for RWAs and enterprise-grade DeFi, achieving the highest EVM Layer-1 performance with 50K TPS and being the first to reach 2 gigagas/sec. In addition, Pharos is a co-developer of SmartCogent, an AI toolkit for large language models (LLMs), and the core development team of DTVM technology. For more information, please visit https://pharosnetwork.xyz.
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View original content:https://www.prnewswire.co.uk/news-releases/pharos-network-unveils-high-performance-layer-1-testnet-to-unlock-rwa-adoption-302448522.html
Blockchain Press Releases
Cango Inc. Maintains Strong Mining Efficiency and Expands Bitcoin Holdings Amidst April Production Shift
SHANGHAI, May 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading bitcoin mining company, recently released its April 2025 production update for its crypto mining operations.
In April 2025, Cango mined a total of 470.0 Bitcoins, an 11.3% decrease compared to 530.1 Bitcoins mined in March 2025. The average daily Bitcoin production was 15.7 in April, compared to 17.1 in March.
Despite the month-over-month production dip, Cango increased its total Bitcoin holdings, reaching 2,944.8 as of April 30, 2025, up from 2,474.8 at the end of March. The Company’s deployed hashrate remained consistent at 32 EH/s, while the average operating hashrate was 29.9 EH/s, compared to 30.3 EH/s in March 2025.
“The production decline in April was mainly due to a significant surge in the global hashrate, marking its second-largest monthly increase ever recorded. Consequently, the mining difficulty rose by 8% compared to March,” said Jiayuan Lin, Chief Executive Officer of Cango, “Despite this short-term fluctuation in production volume, we remain firmly committed to our Bitcoin holding strategy. With the current value of our Bitcoin holdings at $279 million, we are confident that our strategic initiatives and ongoing operational enhancements will continue to generate long-term value for our stakeholders.”
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
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View original content:https://www.prnewswire.co.uk/news-releases/cango-inc-maintains-strong-mining-efficiency-and-expands-bitcoin-holdings-amidst-april-production-shift-302448355.html
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