Blockchain
Huobi Prime’s 2nd Launch: 2 Billion NEW Sold
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In its second ever launch, Huobi Prime’s pioneering platform for emerging premium coins has again met with huge demand. 17,863 users bought 2 billion NEW, the native token of Project Newton, during today’s launch. The first two rounds of price limited trading sold out in a cumulative 6 seconds of active trading time on a first-come, first-served basis. In our special third round, all 16,130 users got at least some of the tokens they desired.
“We’re deeply honoured that so many users see the same value in Prime and coins like NEW as we do,” said Ross Zhang, Head of Marketing for Huobi Group. “We’re also really thrilled to see how many users were able to gain access to the NEW they desired in our special community round.”
In addition to the launch of NEW, today’s launch brought with it a number of key changes for Huobi Prime. Driven by frustrations some users felt during our inaugural launch of TOP due to overwhelming demand and limited supply, for example, Huobi reserved a full 50% of its supply of NEW tokens for the special community round. Custom-designed to spread a greater number of tokens across a greater number of users via adjusted system matching, the community round helped ensure that all qualified participants got at least some of the tokens they desired. In addition, this time around Huobi also put in place a requirement that users have an average daily holding of at least 500 Huobi Token (HT) for the 30 days leading up to NEW’s launch (though shorter amounts were possible if users held larger amounts of HT) and shortened each trading round to ten minutes each.
“We’ll be carefully evaluating the impact of the community round and our other changes over the coming days,” Zhang said. “We plan to make Huobi Prime a source of ongoing innovation and improvement and, as we’ve said throughout this process, our goal remains to make it the premier place to access premium coins for the broader crypto community.”
NEW has now been fully listed – and is freely tradable – on Huobi Global in the form of NEW/HT. NEW/BTC, NEW/USDT will be added soon.
Highlights Of NEW Launch:
- Total numbers of people who bought NEW: 17,863
- Percentage Price Increase For NEW (From First Round To 21:00 (GMT + 8): +500%
- Ceiling Price For NEW In Each Round:- First Round: 1 NEW= 0.000725 HT – Second Round: 1 NEW= 0.000870 HT – Third Round: 1 NEW= 0.001043 HT
- NEW Sold (Overall Total): all 2,000,000,000 NEW allocated for Prime trading (2.0 % of Total Token Supply)
- NEW Sold (By Round): 1st Round: 400,000,000 NEW 2nd Round: 600,000,000 NEW 3rd Round: 1,000,000,000 NEW
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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