Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

BestGrowthStocks.Com Issues Comprehensive Analysis of Gaxos.Ai Inc.

Gaxos.Ai Inc

NEW YORK, NY / NewsDirect / July 10th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive analysis on Gaxos.Ai Inc. a company developing artificial intelligence applications across various sectors. Gaxos.Ai Inc. (NASDAQ: GXAI) has garnered significant investor attention following an announcement that it partnered with Meshy to deliver 3D assets in its AI solution for game developers and publishers. Best Growth Stock's full report offers a comprehensive analysis of Gaxos.Ai operations, potential catalysts, growth drivers, financials, share structure, chart setup with support and resistance levels, and more. Access this full analysis with no obligation: https://bestgrowthstocks.com/access-gxai-analysis/ Access this full analysis with no obligation: https://bestgrowthstocks.com/access-gxai-analysis/ About Gaxos.ai Inc. Gaxos.AI isn't just developing applications; it's redefining the human-AI relationship. Our offerings span health and wellness as well as gaming. We're committed to addressing health, longevity, and entertainment, through AI solutions. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.com SOURCE: BestGrowthStocks.Com Contact Details Media Source LLC Best Growth Stocks +1 989-274-7778 editor@bestgrowthstocks.com

July 10, 2024 04:08 PM Eastern Daylight Time

Image

HTX Updates June Security Monthly Report, Putting User Asset Safety First

HTX

HTX, as one of the world's leading exchanges, has always been committed to safeguarding user assets as its highest priority. HTX has been among the first exchanges to adopt "Merkle Tree Proof" to ensure transparency in its asset reserves and has made it routine to release audit reports. Now, HTX publishes its security monthly reports every month and lets data tell the platform's concrete efforts in security. Previously, HTX reiterated its commitment by placing "prioritizing safety while ensuring no misappropriation of user assets" at the forefront of its industry initiative and promised that users' assets are fully redeemable. Therefore, HTX ensures users are well-informed about their assets, aligning with its "Win Users' Trust" principle. HTX aims to build a safer and more transparent firewall with cutting-edge technologies and strict adherence to the bottom line of safeguarding users' assets. HTX has released its May Security Monthly Report. See below for the June 2024 Security Monthly Report from HTX, featuring detailed security-related data about the platform. As part of its security efforts, the exchange has adopted Merkle tree proof of reserves and regularly discloses reserve data. This marks HTX as one of the earliest movers in proving platform reserves. From the end of 2022 to the present, HTX has conducted a total of 21 Merkle tree reserve audits, maintaining a reserve ratio above 100% to ensure that users can safely deposit and fully withdraw assets at any time. Looking ahead, HTX is poised to release its Security Monthly Report every month, implementing more precise data and rigorous financial standards to secure user assets in the long run. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/

July 10, 2024 01:48 PM Eastern Daylight Time

Could AI Threaten The Grid? Companies Like BEN Are Bringing Efficient AI Technology To The Forefront

Benzinga

By Meg Flippin, Benzinga Artificial intelligence is changing the world, but it’s coming at a heavy cost. Training and using AI models requires power – lots of power, which is taking an increasing toll on the national infrastructure, the cost of operations and the environment. Just one request on ChatGPT requires almost ten times more electricity than a Google search, and the AI service has a daily power consumption roughly equal to 180,000 U.S. households. Furthermore, a single ChatGPT conversation uses almost 17 ounces of water – a little more than a standard bottle of drinking water… and that’s just one AI model in a single AI service. We’ve all seen the AI market expanding at unprecedented rates, with companies vying for a piece of the exploding market. To support this tidal wave of technology, data centers are being built as fast as possible, requiring enormous amounts of specialized processors, massive security infrastructures and lots of electricity. Over the next decade, electricity demand from these types of data centers is projected to double and by 2040, 14% of global emissions will come from the Information and Communications Technology (ICT) industry, driven by these infrastructures. Over the next 15 years, Amazon.com Inc. ( NASDAQ: AMZN) alone is expected to spend more than $150 billion building new data centers to support its own AI efforts. The U.S. power grid simply won’t be able to handle the increased load without significant investment – Goldman Sachs pegs the required investment at $50+ billion. This comes at a time when the nation is already committed to significant investments to upgrade the grid ( $22 billion since 2021 ) to support the growing demands arising from national initiatives to transition away from natural gas appliances, EV market expansion, crypto mining operations, domestic manufacturing and the increasing need to safeguard against disruptions caused from extreme weather events or heightening risk of cyberattacks. Solutions To Big Problems Can Be Surprisingly Small We've faced similar challenges before; in 2023, we transitioned from incandescent light bulbs to energy-efficient alternatives at the federal level to alleviate power demands on our national infrastructure. Although no individual light bulb posed a substantial problem, the sheer volume made a significant impact. Similarly, AI applications are now emerging, showcasing a wide range of uses and potentially being limited only by their efficiency at scale. The current state of AI mimics the introduction of electricity as it’s posed to enable major new industries and drive economies. Today AI relies heavily on Graphics Processing Units (GPUs), which are specialized processors originally designed to accelerate graphics rendering. The parallel structure of GPUs is also ideal for traditional AI model training of applications and is used broadly in the Artificial Intelligence of Things (AIoT), which raises efficiency concerns at scale. AI companies are effectively over-deploying the most advanced, energy-intensive processors to fulfill some of their simplest application needs. While a one-size-fits-all approach can work in early AI applications, it simply can’t be the sustainable standard for all AI implementations. The inability to adapt the security, scalability and efficiency of AI solutions to specific applications is not unlike driving a tractor trailer to pick up your groceries. While it will certainly do the job it’s not optimized for most tasks as it is tremendously inefficient as well as expensive. It’s this mismatch between application needs that leads to a huge array of unintended consequences. The growing demand for AI is undeniable, but when AI relies on GPUs, the resultant applications overburden our already fragile infrastructure. AI companies need to look for alternative ways to bring application needs into alignment to deviate away from this path that could threaten our infrastructure. Companies like Brand Engagement Network Inc. or BEN (NASDAQ: BNAI), realize this and have optimized their solutions to deliver the power and performance of AI while doing it in a way that can be scalable and supportable. BEN’s ELM – A Solution To The Power Problem So how does BEN do it? Through its Efficient Language Models (ELMs): a combination of sectioning and optimization of language models for specialized tasking. This patent-pending technology concentrates on efficiency and application specialization, which contrasts with more traditional LLMs like those used by OpenAI’s ChatGPT that attempt to generalize everything into an indiscriminate model for generative purposes. Although this may seem like a small distinction, the computational and processing power required in each approach differs significantly. When traditional LLMs utilize all-inclusive models, it means their solutions are not defined. They task their AI solution to address all needs of all challenges or applications. Not only does this increase the likelihood of generated errors but it also demands massive parallel processing and, when operating with the motive of timely responses, necessitates the use of GPUs. BEN’s ELM, on the other hand, focuses on defined application needs and allows a secure, small footprint, and concentrated solution. This means that solutions targeted with the ELM can run with the limited resources of CPUs, which are more readily available, significantly lower cost, and use less processing power. Dependencies on CPUs provide many more deployment options, including SaaS, Private Cloud, Mobile, and On Prem solutions where industries such as Healthcare and Financial Services have struggled to minimize the potential risk of data breaches and leakages. Typically, CPUs are significantly cheaper to deploy & operate, already established in the market, and most importantly, available in large quantities. This is not the case with GPUs, which are in the midst of an availability issue that has even forced Elon Musk to get creative with the procurement of these processing units for his various companies. ELM + RAFT: Powerful Yet Efficient Combination BEN’s ELM also augments RAFT (Retrieval Augmented Fine-Tuning) systems to ensure its applications are reliable, predictable and efficient. A significant challenge posed by AI is the risk of ‘hallucinations’ where AI gives misleading or outright false answers as a result of the AI being built on unknown data sources and designed to generate a response no matter what. Hallucinations are a lot like the wasted heat energy from incandescent lights. They still demand the same power to generate the response but are an unintended consequence of traditional LLM technology. Some estimations indicate that hallucinations can occur as often as 27% of the time. BEN’s ELM draws from carefully selected and validated data sets, meaning false information cannot be presented or retrieved unless explicitly intended. "More than generative AI, we like to call it retrieval AI," said Paul Chang, BEN’s Co-CEO, in a recent interview. BEN’s use of much smaller data parameters than larger models like ChatGPT enables it to offer AI that is scalable and can be tailored to specific use cases at a lower cost and with less energy demands and waste. BEN’s CPU-friendly and hallucination-averse approach has not been lost on its growing customer base, which is drawn to BEN because of its innovative and purposeful AI, optimized for efficiency, scalability and security. From healthcare to financial services, BEN customers choose BEN for a multitude of reasons. AI has the potential to change the world for the better, but it has to be done in a way that is conducive to our infrastructure and our environment. With growing demands on the grid, companies like BEN are bringing powerful and impactful AI to the masses – all the while ensuring it can be supported in the long term. Featured photo by Zosia Szopka on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 10, 2024 08:45 AM Eastern Daylight Time

Image

TS VERTEX reaches a milestone of rapid development, with more than 200,000 users, leading a new trend of innovative employment

Rev Up Marketers

Driven by the wave of digitalization, TS VERTEX, a leading global technology company, recently announced that its user scale has officially exceeded 200,000. This milestone achievement marks the company's entry into a new stage of rapid development. As a technology company focusing on technological innovation and services, TS VERTEX provides more diversified employment options for global users with its unique entrepreneurial opportunities and operating model, and looks forward to more global users joining. The company has become the preferred platform for many entrepreneurs and users around the world by continuously optimizing technology and improving user experience. As an industry leader, TS VERTEX not only focuses on business success, but also pays more attention to fulfilling social responsibilities, providing diversified employment options for global users, and actively practicing corporate social responsibility to promote the sustainable development of a modern working environment. Innovative operating model and entrepreneurial opportunities TS VERTEX's success is due to its unique operating model and entrepreneurial opportunities. Through intelligence, big data analysis and artificial intelligence technology, the platform accurately matches entrepreneurs with market needs, provides one-stop service support for entrepreneurs, from market analysis, product development to marketing promotion, to ensure that every entrepreneurial project can maximize its potential. TS VERTEX not only provides technical support for entrepreneurs, but also builds a wide social network for them to promote cooperation and resource sharing, forming a highly collaborative and efficient entrepreneurial ecosystem. Diversified employment options With the continuous expansion of the user scale, TS VERTEX also provides more employment opportunities for global users. Whether it is technology development, marketing or customer service, TS VERTEX recruits talents worldwide. Through remote office and flexible employment models, the company breaks the limitations of geography and time, and creates a diversified and free working environment for global users. This not only improves employees' job satisfaction, but also enhances the company's competitiveness and innovation capabilities. Fulfilling social responsibilities and values While TS VERTEX is developing rapidly, it has never forgotten to fulfill its corporate social responsibilities. The company is committed to transforming business success into social value and promoting the sustainability of a modern working environment through efforts in multiple dimensions. TS VERTEX uses green data centers to reduce energy consumption and carbon emissions, and supports environmental protection with practical actions. The company also advocates sustainable development work projects, encourages employees to participate in environmental protection and social welfare activities, and enhances the social responsibility of all employees. In addition, TS VERTEX has set up a special social responsibility fund, which uses 10%-30% of its profits each year to support public welfare projects such as charity, education, environmental protection and health. The company actively funds educational projects, supports educational development in poor areas, and cultivates future innovative talents; in terms of environmental protection, the company is committed to improving environmental quality by donating and participating in environmental protection projects; in the field of health, TS VERTEX funds medical research and health projects to improve public health. These initiatives not only reflect TS VERTEX's corporate values, but also demonstrate the company's commitment and sense of responsibility to society. Global layout, deepening market expansion Today, as the process of globalization accelerates, TS VERTEX deeply realizes that in order to achieve sustained high-speed growth and leading position, it must carry out in-depth layout and market expansion on a global scale. To this end, the company has formulated a series of specific and professional strategies and action plans to further consolidate its market position and open up new growth points. 1. Establish a global operation network First, TS VERTEX will accelerate the establishment of branches in major economies and important market areas around the world to build a complete global operation network. These branches will serve as the company's local bridgeheads, responsible for market research, product development, customer service and brand promotion. Through localized operations, TS VERTEX will be closer to local market needs and provide more accurate and efficient services. 2. Deepen international cooperation and partnerships TS VERTEX will actively seek cooperation opportunities with leading global technology companies, research institutions, industry associations and government departments to jointly promote technological innovation, standard setting and market development. By signing strategic cooperation agreements, building joint laboratories, participating in international projects, etc., TS VERTEX will continue to expand its global cooperation network and enhance the brand's international influence and market competitiveness. 3. Customized market strategies and products TS VERTEX will formulate differentiated market strategies and product development plans in response to market characteristics and cultural differences in different countries and regions. Through in-depth analysis of local user needs, competitive landscape and industry trends, the company will customize and develop products and services that meet local market needs to better meet the actual needs of local users. At the same time, TS VERTEX will also continuously optimize product performance and user experience through market research and user feedback mechanisms to ensure that it maintains a leading position in the global market. 4. Strengthen brand building and communication Brand is one of the most valuable intangible assets of an enterprise. TS VERTEX will increase its efforts in brand building and communication worldwide, and enhance brand awareness and reputation by holding international innovation competitions, entrepreneurship forums, industry exhibitions and other activities. At the same time, the company will also use digital marketing methods such as social media, search engine optimization, content marketing, etc. to expand the brand's exposure and influence worldwide. 5. Promote localized operations and talent development In order to better integrate into the local market, TS VERTEX will actively promote localized operations and talent development. The company will recruit and train a team of talents who are familiar with the local market and culture and have professional knowledge and skills to provide strong talent guarantee for the company's global operations. At the same time, TS VERTEX will also strengthen cooperation with local universities and research institutions to jointly cultivate compound talents with international vision and innovation capabilities, laying a solid talent foundation for the company's long-term development. Looking forward to the joining of global users In the future, TS VERTEX will continue to uphold the core values of "innovation, cooperation, and responsibility", continuously optimize platform services, enhance user experience, and promote the development of the global entrepreneurial ecosystem. The company looks forward to more users joining TS VERTEX and creating a better future with us. Whether you are an entrepreneur, job seeker or investor, TS VERTEX will provide you with the best service and the broadest development space. Let us join hands and witness the glory and growth of TS VERTEX. TS VERTEX's rapid development and social responsibility practice demonstrate the company's responsibility and actions in the context of the new era. We believe that with the participation and support of more users, TS VERTEX will continue to create new glory and bring more positive impacts to the global society. About Us: TS Vertex LLC was founded in March 2024 and is headquartered in New Mexico, USA.We are based in the financial services field, it is committed to providing customers with more intelligent and efficient financial solutions and becoming one of the world's leading financial service providers. Contact Details TS VERTEX Noah Anderson tsvertexllc@tscsu.com Company Website https://tscsu.com/

July 09, 2024 04:31 PM Eastern Daylight Time

Image

BestGrowthStocks.Com Issues Comprehensive Analysis of Maxeon Solar Technologies

Maxeon Solar Technologies Ltd

NEW YORK, NY / NewsDirect / July 9th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive analysis of Maxeon Solar Technologies, Ltd., a global leader in solar innovation and channels Maxeon Solar Technologies (NASDAQ: MAXN) has garnered significant investor attention following several strategic developments and innovations. These include the introduction of the latest high-efficiency solar panels and advanced technologies showcased at industry-leading events like Intersolar Europe 2024. Best Growth Stock's full report includes a comprehensive analysis of Maxeon's operations, potential catalysts, current short interest, potential growth drivers, financials, fully diluted share structure, chart setup with support and resistance zones, and more. Access this full analysis with no obligation: https://bestgrowthstocks.com/access-maxn-analysis/ Access this full analysis with no obligation: https://bestgrowthstocks.com/access-maxn-analysis/ About Maxeon Solar Technologies Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon leverages over 35 years of solar energy leadership and over 1,900 patents to design innovative and sustainably made solar panels and energy solutions for residential, commercial, and power plant customers. Maxeon's integrated home energy management is a flexible ecosystem of products and services, built around the award-winning Maxeon® and SunPower® branded solar panels. With a network of more than 1,700 trusted partners and distributors, and more than one million customers worldwide, the Company is a global leader in solar. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.com SOURCE: BestGrowthStocks.Com Contact Details BestGrowthStocks.Com Steve Macalbry +1 989-274-7778 editor@bestgrowthstocks.com

July 09, 2024 07:00 AM Eastern Daylight Time

Image

stUSDT Published Security Audit Report By ChainSecurity and Whitepaper

stUSDT

Singapore - July 9, 2024 - stUSDT has announced a partnership with leading security audit firm ChainSecurity, which conducted a comprehensive security audit of its smart contracts. The complete audit report and whitepaper is now available on stUSDT's official website. This initiative demonstrates stUSDT's commitment to safeguarding user assets and strengthens its position as a secure and trustworthy platform for real-world assets. ChainSecurity, renowned for its top-tier security audits, has previously audited for established industry players such as the Ethereum Foundation, Circle, Polygon, Uniswap, MakerDAO, Curve, Compound, Lido and Yearn. In their most recent audit of stUSDT's smart contracts, no critical or high-risk vulnerabilities were identified, demonstrating the platform's robust security measures. Following the audit, stUSDT has implemented security recommendations from ChainSecurity by upgrading its contracts on June 24. The updated system is under continuous monitoring to ensure smooth and secure operation. The complete audit report and whitepaper are readily accessible on stUSDT's official website. The whitepaper outlines the stUSDT protocol's architecture, design, and governance structure, as well as its robust infrastructure that’s designed to protect user assets. “We are pleased to announce the successful completion of stUSDT’s audit. Our thorough review, which was focused on access control, functional correctness and solvency, found no major issue. We thank the stUSDT team for their trust and professionalism as this audit underscores our commitment to maintaining the highest standards of security and reliability in the DeFi ecosystem” - Matthias Egli, Founding Partner at ChainSecurity. stUSDT, the first rebase RWA protocol, operates through the decentralized JustLend DAO platform. The stUSDT platform is dedicated to narrowing the gap between retail and institutional investors while connecting the crypto industry with the real world. By leveraging smart contracts, stUSDT ensures equitable opportunities for all to engage with real-world assets. Since its launch, stUSDT has gained significant popularity, reaching a total TVL of $269 million and offering an APY of 4.66% as of July 1, 2024. *Disclaimer: Please be aware that stUSDT and any related services or offerings are not available to users in the United States. This restriction includes any transactions, interactions, or engagements with stUSDT. Users residing in the U.S. should not participate in stUSDT-related activities. ABOUT stUSDT stUSDT is the first rebasing Real World Asset (RWA) stable yield protocol on the TRON and Ethereum networks. As a decentralized asset, the stUSDT token provides holders with tangible validation of their engagement in RWAs. Utilizing smart contracts, stUSDT enables decentralized asset strategies, transparent disclosure protocols, and robust asset management. By bridging traditional finance and blockchain technology, stUSDT empowers users to participate in real-world asset opportunities and benefit from potential yields. Setting a new standard for decentralized finance, stUSDT integrates stablecoin staking and RWA engagement with a focus on governance, security, and transparency. Website | X | Telegram | Discord | Medium Media Contact Colin Zhao contact@stusdt.io Contact Details Colin Zhao contact@stusdt.io

July 08, 2024 03:30 PM Eastern Daylight Time

Image

HTX Ventures Announces Sponsorship of LSDFI Summit: Exploring the Future Development of LSDFI and DeFi

HTX Ventures

On July 8, 2024, HTX Ventures announced its sponsorship of the LSDFI Summit, a side event of the ECC conference in Brussels. Hosted by Tenderize, the LSDFI Summit is scheduled to take place this week on Monday (July 8). According to reports, the LSDFI Summit is a crucial gathering that brings together leading figures in the DeFi space to discuss the latest technological breakthroughs and emerging industry trends. HTX Ventures, as one of the main sponsors of this event, also participated in the roundtable discussions, sharing its perspectives on the future of liquid restaking and the development of DeFi. HTX Ventures has always been committed to supporting and promoting the development of innovative technologies, with the LSDFI domain being one of its key strategic focuses. Furthermore, Kelp DAO, Lombard, and Tomo, projects backed by HTX Ventures, will also make appearances at the event as sponsors. Kelp DAO is one of the leading liquid restaking protocols with $850M+ in assets under management across 45,000+ restakers. It facilitates liquid restaking for native ETH and LST across both the Ethereum mainnet and eight Layer 2 networks. Lombard is developing a Bitcoin restaking protocol designed to transform Bitcoin from a static store of value into a dynamic and productive financial asset. The goal is to contribute to the growth of the Web3 ecosystem. Tomo, an all-in-one Web3 social app, transforms users' online presence into a universal social wallet, fostering genuine, spam-free connections and financial incentives. HTX Ventures is honored to support the LSDFI Summit alongside these exceptional projects. It looks forward to engaging with industry peers at the summit to discuss the future of LSDFI and DeFi. This collaborative effort will allow all participants to explore the future direction of LSDFI and DeFi more broadly, exchange valuable insights, and foster innovation that facilitates the development of the entire industry. Collaborating with its investment department, HTX is dedicated to actively monitoring and supporting the development of the LSDFI and DeFi sectors. It will provide professional guidance, consulting services, an extensive resource network, liquidity pools, and a user base for portfolio projects. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless Ventures, Gitcoin, Figment, and Animoca.Visit us here. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

July 08, 2024 12:30 PM Eastern Daylight Time

Restaking Sector Speeds Up Amid Miner Surrender

HTX

HTX's Liquid Restaking event has performed well since its launch, especially in earnings. According to the platform data, the number of the event participants has reached over 100,000 and the APYs hit up to 88%. Additionally, the active assets engaged in the event are steadily growing. It is reported that the upcoming airdrops from hot projects like zkLink and EigenLayer have the potential to reach an APY of over 100%. In the aftermath of the late Bitcoin halving event on April 19, where the block reward for mining a new Bitcoin was cut in half, Bitcoin miners have begun to feel pressure and surrender. They may shut down underperforming equipment and start selling Bitcoin to hedge against risks. This traditionally signals that the market has bottomed out. As such, the restaking sector, one of the hottest in the past half-year, is now in its prime. The airdrops of projects like BounceBit, ETHFI, and zkLink boast a market buzz. Restaking Ignites New DeFi Possibilities The past six months have seen restaking projects blossoming, with more than $20 billion assets engaged. This sector has attracted a wide group of builders, including renowned institutions like the Ethereum Foundation, Polychain Capital, ABCDE Capital, major platforms like HTX, Binance, and OKX, as well as other tycoons. Compared to traditional staking, restaking allows users to re-stake their staked assets to generate extra earnings. This innovative model involves using smart contacts to ensure that the original staking and restaking are transparent and secure. The emergence of restaking boasts a far-reaching, positive impact on the cryptocurrency market. Firstly, it provides crypto holders with more earning opportunities and boosts their participation in the market. Secondly, the multi-layered staking mechanism enhances the overall security and stability of blockchain networks. Additionally, restaking has catalyzed the emergence of more innovative projects and applications, further driving the development of the cryptocurrency ecosystem. Strengths of HTX's Liquid Restaking: On-chain Airdrops, No Lockups, and Strict Risk Management According to the previous report, HTX, the world-leading exchange, has paid close attention to the restaking projects and accordingly increased its Liquid Restaking's quota to over $150 million. Recently, it introduced a new version of the event, featuring a clearer reward display and automatic update from LRS points to r-points. With no complex on-chain operations and no nail-biting project selection, the event sets itself apart by more advantages, including: ● Professional Team: Restaking projects engaged in the event are cherry-picked by the top-notch investment research team across multiple dimensions, such as security audits, on-chain TVL, and team composition. ● High Security: HTX adopts various security measures, including multi-signature and cold wallets, to keep users' assets safeguarded. ● Extreme User Experience: The event offers a concise interface, zero entry requirements, no lockups, and one-click operation. The process requires no manual on-chain operations. ● On-chain Airdrops: Automatic restaking adjustments get your assets engaged in multiple projects simultaneously, maximizing your earnings. HTX is presenting updates on its Liquid Restaking event. Starting on July 2, 2024, the redemption feature is available for r-BB (r-BounceBit) and the daily r-ETHFI giveaway is doubled. Let's look at the update details as follows: 1. r-BB redemption opens: July 2, 2024 2. Doubling Daily r-ETHFI Giveaway: Daily r-ETHFI points will be doubled from 50,000 r-ETHFI to 100,000 r-ETHFI. The redemption rate remains unchanged. 3. r-ETHFI Boost Period: July 2 - July 16, 2024. Please stay tuned for more boosts. Moreover, HTX's Liquid Restaking will continuously expand its business by increasing the event quota and introducing new premium projects based on event participation to help participants earn more than on-chain retaking. Liquid Restaking is a CEX-based airdrop event launched by HTX. It allows users to effortlessly enjoy popular on-chain airdrops for free, with no entry barriers. Participation is simple, but the opportunity is lucrative, as the restaking space boasts a market cap of tens of billions of dollars. It's easy to participate with a single click on the event page. All you need to do is open your HTX app, find Earn, and go to the Liquid Restaking page. Then you can just wait and receive juicy restaking rewards. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/

July 08, 2024 12:28 PM Eastern Daylight Time

HTX Ventures Invests in Lombard to Develop the Bitcoin Restaking Ecosystem

HTX Ventures

Singapore / July 8, 2024 – To enhance the liquidity and the ecosystem for Bitcoin, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Lombard. Lombard is a restaking protocol poised to catalyze growth across the Web3 ecosystem by transforming Bitcoin from a static store of value into a productive financial asset. Lombard builds its restaking product on top of the Bitcoin staking protocol Babylon, which allows individuals to use Bitcoin to secure other proof-of-stake networks. Lombard increases liquidity for staked BTC by issuing LBTC, a liquid and yield-bearing representation of BTC. LBTC can move seamlessly across chains and decentralized finance (DeFi) platforms as collateral without compromising security. LBTC will soon be integrated into the most popular DeFi protocols on the Ethereum Mainnet before launching on widely used Layer 2 (L2) chains later this year. “Liquid restaking is the next revolution for the Bitcoin Ecosystem, and Lombard is the project driving this transformation,” said Edward, Managing Partner at HTX Ventures. “Lombard is rapidly expanding to onboard the LBTC token onto major ecosystems and DeFi protocols. This will enable Bitcoin to be lent, borrowed, and traded, unlocking tremendous utility for Bitcoin holders and revitalizing the BTC ecosystem. HTX Ventures is incredibly excited to partner with Lombard to empower Bitcoin holders and the broader BTC ecosystem.” “We are delighted to have HTX Ventures for investing in the development of LBTC as a new core primitive. LBTC will unlock a massive amount of net-new capital into the ecosystem and bring new liquidity and users to DeFi protocols and exchange platforms. HTX Ventures shares Lombard’s mission to accelerate on-chain finance and we look forward to building on these synergies to accelerate the growth of LBTC,” said Jacob Phillips, Co-founder, Lombard. LBTC will soon be accessible to all and supported by all chains and DeFi protocols. Join the LBTC Waitlist for exclusive access to LBTC and rewards for early participation. About Lombard Named after the historic Lombard Street in London—a hub of financial activity since the Middle Ages—Lombard symbolizes a place where all participants are connected to opportunity. By adopting the Lombard name, we rebuild its legacy on digital blocks, transforming it into a modern nexus of innovation and connectivity. Founded in April 2024, Lombard is dedicated to unlocking Bitcoin's potential as a dynamic financial tool by connecting it to DeFi. We are a diverse team of DeFi natives, working with technology and infrastructure partners towards a shared, ecosystem-driven mission to collectively onboard Bitcoin to DeFi. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless Ventures, Gitcoin, Figment, and Animoca. Visit us here. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

July 08, 2024 12:14 PM Eastern Daylight Time

1 2 3 4 5 ... 565

Back