Blockchain Press Releases
Cango Inc. Gains Positive Outlook with Initiation of Coverage by Apollo Insights
SHANGHAI, April 29, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a rapidly expanding leader in Bitcoin mining, announced the initiation of coverage by Apollo Insights, an independent equity research firm.
Apollo Insights initiated coverage on Cango on April 22, 2025, following the release of its equity research report and investment thesis titled “Cango Catapults Into Bitcoin Mining”.
The equity research report highlights include:
- The Company has a market capitalization of $387.1 million
- The 12-month low and high for the Company’s stock is $1.33 and $8.00, respectively.
- Apollo Insights estimates that Cango’s fiscal 2025E revenue and adjusted EBITDA will reach RMB3,913.2 million and RMB665.6 million, respectively
- In fiscal 2026E, revenue and adjusted EBITDA are projected to reach RMB4,644.6 million (an 18.7% year-over-year increase) and RMB1,185.2 million (a 78.1% year-over-year increase), respectively.
- The firm attributes its favorable outlook for Cango to a supportive regulatory environment under the Trump administration and the potential for greater clarity in cryptocurrency regulations.
The initiation of coverage underscores Cango’s remarkable rise in the Bitcoin mining industry in a short time. The Company has developed its mining operation at a lower cost and reduced operational risks through strategic partnerships for acquiring Bitcoin mining equipment. This higher overall operating efficiency ensured the Company generated an average operating hash rate of 30.3 exahash/second (EH/s) in March 2025, placing Cango in joint second for the highest operating hashrate in the month.
The Company’s capital-light model has helped it accumulate holdings of approximately 2,475 Bitcoin as end-March 2025, valued at roughly US$211 million as of April 17, 2025. Cango has not sold any of its Bitcoin holdings yet. Overall, as of March 2025, Cango ranks as the fifth-largest Bitcoin mining player by deployed hashrate, achieving 32 EH/s in just four months. The report projects that its deployed hashrate will reach 42 EH/s by the end of FY25E.
Since entering the Bitcoin mining industry in November 2024, Cango has expanded its global footprint across strategic regions. Its mining operations now span the U.S. (38%), East Africa (37%), Oman (15%), Paraguay (9%), and Canada (1%).
Click here to view Apollo Insights’ full equity research report and investment thesis on Cango.
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.
Media Contact
Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: [email protected]
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PANAMA CITY, May 27, 2025 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3 AI company, proudly announced the launch of BingAI, an AI-powered crypto trading assistant. BingAI is designed to empower crypto traders of all levels with real-time market insights, strategic recommendations, and personalized guidance. As the cornerstone of BingX’s newly launched AI Evolution strategy, BingAI represents a major leap toward making AI a trusted and side-by-side companion throughout every user’s trading journey.
BingAI supports users across various sections — from market discovery to trade execution. Leveraging big data models trained on BingX’s internal data and a wide financial knowledge base, BingAI helps users stay ahead of the market and make more confident decisions. Whether you are analyzing coin trends, diagnosing portfolio, understanding top traders’ strategies, or navigating volatile market news, BingAI offers instant and intelligent insights to guide your next move.
What to Expect in BingAI:
- BingAI Chat: Engage in conversations, offering real-time strategy guidance and context-driven advice to help traders make informed decisions.
- AI News Briefing: Stay ahead with trending news, market shifts, and community sentiment, and give quick insights into the latest developments.
- Trend Forecasting: Combine technical indicators and sentiment analysis, and predict market movements, helping traders act ahead of trends.
- Smart Position Analysis: Evaluate open positions, and give personalized recommendations on risk management and trade adjustments.
- Pro Trader Recommender: Find top traders to follow with its analysis, ensuring traders’ strategies align with the goals.
- AI Trade Review: Analyze past trades, reveal patterns, and provide insights to help improve future decisions.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the launch: “BingAI is a natural extension of BingX’s user-first vision. Every decision we make revolves around addressing our users’ needs, and AI is now a critical tool to help them navigate market uncertainties and make more informed decisions. As part of our AI Evolution strategy, BingAI marks the beginning of an era where AI supports traders in real time. This is just the start — our ongoing commitment to AI will continuously evolve to empower users, shape the future of crypto trading, and set new standards for innovation.”
With the launch of BingAI, BingX takes a concrete step in bringing its AI Evolution strategy to reality, turning vision into action. This breakthrough aligns with BingX’s ongoing commitment to put user experience at the heart of its innovation, leveraging AI to create more intuitive and intelligent trading solutions. Looking ahead, BingX plans to expand capabilities of BingAI, continuously integrating cutting-edge AI technologies into every aspect of the platform. BingX’s AI journey has only just begun, and it is set to lead a way in reshaping the future of crypto trading and Web3 industry.
About BingX
Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.
For more information please visit: https://bingx.com/
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Blockchain Press Releases
MEXC Announces the Listing of Sophon (SOPH) with $40,000 in SOPH and 50,000 USDT Prize Pool
VICTORIA, Seychelles, May 27, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, will list Sophon (SOPH) on May 28, 2025 (UTC).To celebrate the listing, MEXC is launching a special event for new and existing users, featuring a total prize pool of $40,000 in SOPH and 50,000 USDT.
Sophon Network (SOPH) bridges the gap in blockchain mainstream adoption by delivering user-friendly blockchain applications that seamlessly integrate into everyday digital life. As the ecosystem matures, the project leverages Validium technology within the ZKsync Elastic Chain to offer high performance and a smooth user experience, two essentials for widespread adoption.
SOPH is the native utility token of the Sophon Network ecosystem, used for gas fee payments and rewarding node operators. With a fixed total supply of 10 billion tokens, SOPH forms the core economic model of the platform, enabling users to engage with a variety of consumer-focused blockchain applications.
The Sophon (SOPH) Airdrop+ event runs from May 27, 2025, 11:00 (UTC) to June 6, 2025, 11:00 (UTC) and includes the following benefits:
- Benefit 1: New users who deposit SOPH will share $30,000 in SOPH.
- Benefit 2: All users can participate in the Futures Challenge to share 50,000 USDT in Futures bonuses.
- Benefit 3: All users can invite new users to share $10,000 in SOPH.
MEXC has established itself as an industry leader by consistently providing users with early access to promising crypto projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users can access the best opportunities in the ever-evolving crypto landscape.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
CoinW Teams Up with Superteam Europe to Conclude Solana Hackathon and Accelerate Web3 Innovation in Europe
PARIS, May 27, 2025 /PRNewswire/ — CoinW, one of the world’s leading cryptocurrency asset trading platforms, has joined forces with Superteam Europe to successfully conclude the Solana Breakout Hackathon – Colosseum, a month-long initiative that ran from April 14 to May 16 across France, the Balkans, Germany, and Poland. As Solana’s key ecosystem enabler in Europe, Superteam Europe localized and coordinated the event across multiple regions, while CoinW contributed its deep exchange expertise, community reach, and developer support to empower emerging blockchain talent and promote meaningful adoption across the continent.
This initiative was designed not only to drive innovation on Solana but also to promote broader blockchain adoption in Europe. Participants competed to build impactful Web3 projects, while CoinW offered free listing opportunities, mentorship, and potential incubation support to outstanding teams.
“We are thrilled with the success of the Solana Breakout Hackathon and our ongoing partnership with Superteam Europe,” said Nassar Achkar, Chief Strategy Officer at CoinW. “This collaboration showcases our long-term commitment to empowering blockchain builders and promoting sustainable growth in the global Web3 ecosystem.”
Long-Term Collaboration Beyond Events
CoinW’s partnership with Superteam Europe goes far beyond one-time events. The two teams have jointly launched strategic activities throughout 2024, including:
- Superteam Poland Launch Party & Founders’ Dinner (Jan 22–23): CoinW engaged with builders and community leaders in Warsaw.
- Superteam France Ski Retreat (Feb 1–8): CoinW joined Solana’s core contributors and KOLs for strategic dialogue and community building in the Alps.
- Solana Breakout Hackathon (Apr 14–May 16): CoinW supported multiple regional hackathon stops, offering real resources and exposure to top projects.
In total, CoinW committed $100,000 USD to support these initiatives, covering event sponsorship, community outreach, developer incentives, and listing resources. This investment underscores CoinW’s broader ambition to build long-term impact across the European Web3 space.
From Events to Ecosystem Building
The partnership also emphasized ecosystem co-creation. CoinW and Superteam Europe co-hosted a range of online forums, including AMAs, livestreams, and developer roundtables, to increase community participation and visibility. Both parties also collaborated with universities and blockchain societies to host educational workshops, lectures, and student-led research initiatives.
Additionally, they engaged regional KOLs and content creators to drive shared messaging, foster dialogue, and raise awareness of Web3’s transformative potential.
Superteam Europe also featured in CoinW’s WConnect virtual series, showcasing top Solana projects to CoinW’s global audience and reinforcing the reach of local innovation.
The Hackathon Ends, but the Mission Continues
The conclusion of the Breakout Hackathon marks a new beginning rather than an end. CoinW and Superteam Europe remain dedicated to nurturing grassroots innovation, empowering developers, and expanding blockchain adoption in Europe through long-term investment and ecosystem collaboration.
Together, they are building a more connected, open, and innovative Web3 future across the continent.
About Superteam
Superteam unites developers, founders, and creators from across the continent. As a regional powerhouse of the Solana ecosystem, Superteam drives growth through hackathons, education, and funding, empowering a new wave of decentralized innovation.
About CoinW
Founded in 2017, CoinW has grown into one of the world’s leading cryptocurrency asset trading platforms, serving a vast and diverse global user base. With a clear vision to support wealth growth and empower blockchain innovation, CoinW continuously refines its product offerings and expands a diversified service ecosystem. In recent years, CoinW has actively strengthened its global brand presence through cross-industry collaborations and strategic international expansion, driving ongoing brand evolution. Moving forward, CoinW remains committed to building a thriving crypto ecosystem, advancing global financial inclusion, and accelerating the widespread adoption of blockchain technology.
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