Author: CryptoCurrencyNews

CoinShares Announces Q1 2025 Results

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SAINT HELIER, Jersey, May 13, 2025 /PRNewswire/ — CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading global investment company specialising in digital assets, has today published its results for the quarter ending 31st March 2025.


CoinShares updated logo (PRNewsfoto/CoinShares Group)

Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

“Despite the sharp decline in digital asset prices during Q1, CoinShares has demonstrated exceptional operational resilience and strategic discipline. Our proactive approach to market volatility has not only enabled us to remain robust but has also supported continued growth—most notably through our CoinShares Physical platform, which is outperforming peers at an unprecedented pace.

Shifting conditions create opportunities. Our brand strength has positioned CoinShares as the leading provider of crypto ETPs in Europe, attracting sustained inflows and reinforcing our market leadership.

In parallel, we are re-affirming our long-standing objective of securing a U.S. exchange listing. With the US regulatory environment evolving in a more constructive direction, this goal is realistic—further advancing our strategy to extend CoinShares’ presence in the world’s largest and most influential capital market for digital asset firms.”

Q1 2025 financial highlights

  • Asset management revenue of $29.6 million (Q1 2024: $24.5 million)
  • Capital markets gains/income of $11.9 million (Q1 2024: $14.1 million)
  • Principal Investment loss of $1.5 million (Q1 2024: $8.9 million gain)
  • Total revenue, gains and other income of $40.0 million (Q1 2024: $47.5 million)
  • EBITDA of $29.8 million (Q1 2024: $35.3 million)
  • Net profit of $23.8 million (Q1 2024: $41.5 million)

Q1 2025 operational highlights

  • CoinShares demonstrated robust performance across its platforms in Q1 2025, with management fees of $29.6m. CoinShares Physical led the European crypto ETP market with $268m in net inflows—triple its closest competitor—despite challenging market conditions that saw Bitcoin decline 12.1% and Ethereum fall 45.2%. While the flagship BITC product attracted $202m after strategically reducing its management fee to 0.25%, and a new partnership with BoursoBank expanded reach to 7m+ French clients, other platforms showed mixed results: XBT improved with reduced outflows of $154m (vs $370m in Q4 2024), the BLOCK Index outperformed peers despite a 13.1% decline, and the US Valkyrie platform experienced $288m in net outflows while maintaining its strong retail base amid broader market corrections that impacted total AuM across all platforms.
  • CoinShares’ Capital Markets division experienced moderate Q1 performance across all segments, generating gains and other income totalling $11.9m, returning to typical levels following Q4’s exceptional post-election rally when Bitcoin appreciated 50%. Despite Bitcoin‘s 13% decline during the quarter, the Trading Team generated $3.6m from delta-neutral strategies, while liquidity provisioning contributed $1.9m amid cooling bullish sentiment. The company maintained strict credit discipline in its lending portfolio, prioritizing borrower quality over volume and ending with $101m in open loans at 4.2% average yield, while Ethereum‘s 46% decline affected staking revenues, which decreased 26% quarter-on-quarter to $5.6m.
  • Since its 2021 Stockholm listing, CoinShares has pursued a U.S. exchange listing to enter the world’s largest digital asset market, a goal becoming more viable given recent regulatory improvements. Simultaneously, the company is boosting share liquidity through expanded analyst coverage and institutional roadshows while demonstrating shareholder commitment via the May 6 distribution of its first quarterly dividend for 2024.
  • Despite recording a $3.0m unrealized loss on the Group’s treasury holdings due to Q1’s pronounced price declines, CoinShares continued building its strategic Bitcoin position, increasing holdings by 45% from 163 to 236 BTC by quarter-end.

Functional & presentation currency change

Effective 1 January 2025, the Group has amended its functional and presentation currency from GBP to USD to more accurately reflect the economic environment in which the Group is operating as it continues to expand.

In accordance with IAS 21 – The Effects of Changes in Foreign Exchange Rates, the change in functional currency has been applied prospectively from the date of change. Accordingly, all items in the financial statements were translated into USD at the exchange rate prevailing at that date. The change in presentation currency has been applied retrospectively. The comparative financial information has been restated as if USD had always been the Group’s presentation currency.

Further information, along with the full detail of the Q1 results, are included within the full report, available here.

Download the Swedish Executive Summary here.  

ABOUT COINSHARES

CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations
 | +44 (0)1534 513 100 | enquiries@coinshares.com 

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out below, at 6:30 am CET on 13th May 2025.

PRESS CONTACT

CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com

M Group Strategic Communications
Peter Padovano
press@coinshares.com

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SOURCE CoinShares Group

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KuCoin Achieves ISO 27001:2022 Certification, Strengthening Commitment to Security Through $2B Trust Project

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Summary

  • KuCoin has been awarded the ISO 27001:2022 certification, the Gold Standard of Compliance for Information Security Management System (ISMS), affirming its dedication to safeguarding user assets and data.
  • The certification reinforces KuCoin’s $2 billion Trust Project, a long-term initiative to enhance transparency, security, compliance, and responsible innovation across the Web3 industry.
  • KuCoin remains committed to continuous improvement, ensuring a secure and trusted trading environment for its global community of over 40 million users.

VICTORIA, Seychelles, May 13, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, proudly announces that it has been awarded the ISO 27001:2022 certification, an internationally recognized Information Security Management Systems standard. This milestone underscores KuCoin’s commitment to the highest information security standards and marks a critical achievement in its $2 billion Trust Project, launched in April 2025 at TOKEN2049 Dubai.



A Benchmark in Information Security

ISO 27001:2022 is a globally recognized information security standard covering organizational management, cybersecurity, application security, endpoint security, encryption, vulnerability management, access control, and other aspects. This certification strengthens our protection of user assets and data, enhancing platform security and reliability. We are committed to continuous improvement, ensuring a secure and trusted trading environment.

A rigorous third-party audit confirmed KuCoin’s adherence to the highest global standards, reinforcing user confidence in our robust security practices.

A Core Component of the $2 Billion Trust Project

KuCoin’s $2 billion Trust Project aims to enhance transparency, security, and compliance in Web3. The ISO 27001:2022 certification is a key milestone, reflecting KuCoin’s focus on user protection and compliance.

“Security and trust are paramount,” said BC Wong, CEO of KuCoin. “This certification, as part of our Trust Project, underscores our commitment to a reliable platform.”

The Trust Project also bolsters the KCS (KuCoin Token) ecosystem, enhancing user incentives and utility to align value with KuCoin’s 40 million users.

Security and Compliance: Pillars of KuCoin’s Vision

KuCoin’s security team, led by industry veterans, employs cutting-edge technologies and protocols to safeguard the platform infrastructure. The ISO 27001:2022 framework institutionalizes these efforts, ensuring systematic risk assessments, continuous monitoring, and rapid incident response capabilities.

The exchange’s data protection practices exceed regulatory requirements across jurisdictions. By integrating ISO 27001:2022, KuCoin reinforces its commitment to a compliance-first approach, aligning with the Trust Project’s focus on legal adherence and cross-border cooperation.

Future Commitment: Continuous Improvement and Expanding Trust

KuCoin will uphold its ISO 27001:2022 certification and pursue additional certifications to strengthen global operations. The $2 billion Trust Project drives investment in advanced security, regulatory collaboration, and user education to set industry benchmarks. Serving over 40 million users in 200+ countries, KuCoin leads the way to a secure, transparent Web3 future.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.


(PRNewsfoto/KuCoin)

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SOURCE KuCoin

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HashKey Group Announces Launch of HashKey Global MENA with VASP License in UAE

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HONG KONG, May 12, 2025 /PRNewswire/ — HashKey Group (“HashKey”), a leading end-to-end digital asset financial services group in Asia Pacific, has secured a Virtual Asset Service Provider (VASP) license from Dubai Virtual Assets Regulatory Authority (VARA). The license was granted to HashKey MENA FZE, the operating entity of HashKey Global MENA, marking the official launch of the company in the United Arab Emirates (UAE). With this license, HashKey Global MENA is authorized to provide both Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services within, and originating from, the Emirate of Dubai.

Securing the VASP license represents a significant milestone in HashKey’s market expansion strategy into the region. As the UAE continues to establish itself as the premier hub for digital assets in the Middle East, HashKey Global MENA will cater to consumers and enterprises seeking trusted, compliant access to virtual asset services.

To meet the growing institutional needs, the company will introduce a suite of products and services distinguished by several best in class features:

  • USD and AED Deposits & Withdrawals: Offers fiat on and off-ramp, allowing users to directly transfer USD from their bank account to HashKey Global MENA’s fiat wallet. As a strategic partner, Standard Chartered provides fiat currency deposit and withdrawal services for the platform. Powered by the bank’s industry-leading (on & off)-ramp solution, the platform offers users a reliable, and highly efficient fiat deposit and withdrawal experience.
  • OTC Services: HashKey Global MENA OTC delivers regulated block trading with competitive all-inclusive pricing, ensuring transparent quotes and zero hidden fees for market-leading rates. Large orders benefit from instant execution, eliminating slippage risks, while flexible settlement options cater to institutional and HNWI liquidity needs.
  • Major Top 10 Tokens Available For OTC: Access top-tier cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), alongside stablecoins (USDT, USDC), available through OTC services through on and off ramps using USD and AED. BTC and ETH remain the most sought-after tokens, offering trusted liquidity and alignment with institutional demand. All assets are custodied on a VARA-licensed platform with institutional-grade safeguards.

“As a licensed platform, HashKey Global MENA embraces institutional needs by offering a regulated gateway for fiat-crypto transactions, backed by institutional-grade safeguards and strategic partnerships like Standard Chartered. Our regional expansion ambitions, with a strategic focus on the GCC, are rooted in empowering MENA’s institutions and HNWIs with seamless, cost-efficient access to global crypto markets, reinforcing the UAE’s position as a hub for blockchain innovation while prioritizing compliance and client protection at every step,” said Sherif Sanad, Country Manager, HashKey Global MENA.

The UAE has firmly established itself as the third-largest crypto economy in the MENA region. To meet the needs of this rapidly expanding market, HashKey Global MENA will deliver not just virtual asset trading services, but will continue to evolve and develop innovative digital asset products, designed and delivered within VARA’s robust regulatory and compliance framework.

“At HashKey, we believe innovation in crypto shouldn’t come at the cost of compliance. In fact, the industry’s future depends on building boldly—while staying within clear, trusted regulatory frameworks. That’s why we’re committed to working closely with regulators around the world to deliver reliable digital asset products and services on a global scale,” said Sherif Sanad, Country Manager, HashKey Global MENA.

HashKey Group already holds digital asset-related licenses from regulators in Hong Kong, Singapore, Japan, and Bermuda, as well as VASP registration in Ireland. As part of its ongoing commitment to building a world-class regulatory footprint, the company is also actively pursuing a Markets in Crypto-Assets (MiCA) license in the European Union. The HashKey Global MENA exchange will be live starting from May 19th.

About HashKey Global MENA

HashKey Global MENA is the exchange business under HashKey Group, offering licensed crypto asset trading services to users worldwide. HashKey MENA FZE (VL/18/03/002), the operating entity of HashKey Global MENA, is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) as a Virtual Asset Service Provider. Certain services, features, and campaigns may not be available in your jurisdiction.

Disclaimer: https://group.hashkey.com/disclaimer-group/blank-1 

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MyStonks Launches Industry-Leading On-Chain U.S. Stock-Token Marketplace with 100% Custody Backing

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NEW YORK, May 10, 2025 /PRNewswire/ — MyStonks.org, a decentralized trading platform, announced the official launch of a fully custody-backed, on-chain U.S. stock token marketplace in the crypto industry. Cryptocurrency users can purchase U.S. stocks on MyStonks. Global asset management giant Fidelity provides custodial services for platform users, with an initial custody asset total of $50 million.

MyStonks has successfully established a complete operational cycle that links U.S. stock assets under Fidelity Custody to the Base blockchain for token minting and burning. Users can initiate purchases of Stonks100 stock tokens on MyStonks by transferring USDC or USDT from their self-custodied crypto wallets. Upon confirmation, MyStonks converts these stablecoins into USD and purchases the corresponding stock shares. These are then tokenized 1:1 into ERC-20 tokens via Base smart contracts. For example, when buying Apple shares, users receive AAPL.M tokens minted by MyStonks.org, representing the exact number of shares held. Token pricing utilizes Chainlink oracles.

If users wish to redeem their stock tokens, they can initiate a sell request for AAPL.M or other supported assets directly from their wallets. MyStonks will then convert the tokens back into stablecoins and burn the equivalent tokens in a 1:1 ratio.

To ensure the security of user assets, MyStonks has partnered with Fidelity, which provides custody services (Fidelity Custody) for platform users’ U.S. stock holdings.

According to a custodial statement dated April 29, 2025, Fidelity Custody holds over $50 million in U.S. equities ($50,473,199.00) on behalf of MyStonks Holding Limited. The initial batch of 95 tokenized equities includes major names such as AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, and NVDA, each of which is mirrored on-chain by its respective token.

A representative from MyStonks explained that when users purchase U.S. stock tokens on the platform, the corresponding stocks are managed by Fidelity Custody, ensuring the authenticity, compliance, and auditability of assets. Through integration with Fidelity Custody’s infrastructure, MyStonks has achieved a seamless connection between on-chain tokens and off-chain stock assets.

As a trusted institution in TradFi, Fidelity plays a key role in safeguarding asset security and compliance, making it an important partner for MyStonks in the tokenization of stock trading.

Additionally, MyStonks has upgraded its on-chain trading security and user experience. When users initiate buy or sell orders, the platform executes the corresponding operations on the blockchain, including cross-chain asset management, real stock transactions, and the minting or burning of tokens. The entire process is transparent, traceable, and decentralized, enabling users to purchase U.S. stocks in a fully digital and tokenized manner.

All trading operations are governed by smart contracts to ensure immutability and auditability. A Decentralized Identity System (DID) safeguards account uniqueness and prevents fraudulent transactions. Core smart contracts have undergone security audits and are modularly designed to isolate risk. According to MyStonks.org, off-chain fund transfers require multisignature (multisig) wallet authorization to avoid single points of failure. Cross-chain asset movements are executed through audited protocols. Additional protections include a time-lock mechanism for transaction confirmation and HTTPS/HSTS enforcement for frontend encryption.

New user experience upgrades include support for on-chain limit orders, improved wallet connectivity, a refined user account dashboard, and optimized UI layouts.

“The launch of the Stonks100 tokenized U.S. stock marketplace marks an important milestone in our ongoing journey of innovation. As we continue to expand access to tokenized equities, our focus remains on offering secure, professional, and transparent trading infrastructure. We believe MyStonks users and our global community will grow alongside us as we push the boundaries of decentralized finance,” a MyStonks.org representative said.

About MyStonks.org
MyStonks.org is a decentralized crypto asset trading platform born out of a Community Takeover (CTO) effort by the Stonks community. It is an industry-leading platform to offer fully custody-backed, 1:1 tokenized U.S. equities on-chain. MyStonks aims to become the decentralized “NASDAQ” of the crypto world—supporting new token projects and reshaping the DeFi landscape for healthier market growth.

About the Stonks Community
The Stonks community draws inspiration from the GameStop ($GME) movement and the ethos of crypto resistance. The rallying cry: FIGHT! HODL!
Whitepaper: https://main.mystonks.org/pc/whitepaper.html

Fidelity Custody Report:
https://main.mystonks.org/static/pdfjs/web/viewer.html?file=/static/Proof.pdf

Media Contact:
Email: mystonksmedia@mystonks.org

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SOURCE MyStonk.org

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Unleashing the Power of Futures Combo Bots on Bybit: Leveling up Futures Trading with More Rewards

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DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, Futures Combo Carnival, a month-long trading event rewarding both new and experienced Futures Combo traders with multiple rewards tracks. Trading thresholds start at 300 USDT with rewards of up to 500 USDT in prizes weekly. 

The largest Futures Combo campaign on Bybit to date, the Carnival gives traders even more reasons to make their futures trading journey hassle-free and more rewarding. Bot-enabled automated trading is becoming the norm among strategic traders in a turbulent market, where no traders can afford manmade mistakes or delays in execution.  

Bybit’s Futures Combo Bot is a powerful tool for streamlining users’ futures trading experience, empowering them to build portfolios and rebalance positions across multiple futures contracts. The innovative solution allows traders to set up a Bot within minutes, minimizing manual management of complex trading strategies, and achieving both efficiency and flexibility when managing combos of futures contracts.

From now to Jun. 9, 2025, eligible Bybit users may take part in two events with a welcome bonus for first-time users:

  1. The Combo Battle offers newcomers who achieve a trading volume of 300 USDT an immediate 5 USDT Bot Bonus on a first-come, first-served basis, while experienced traders can earn lucky draw tickets by reaching volume milestones of 1,000 USDT and 2,500 USDT respectively using Bybit’s Futures Combo Bot.
  2. The Combo Challenge  invites Mandarin-speaking Key Opinion Leaders to create and share their trading strategies on social media using the hashtag #ComboChallenge, with three weekly winners receiving 500 USDT each.
Unleashing the Power of Futures Combo Bots on Bybit: Leveling up Futures Trading with More Rewards

Bybit is committed to making futures trading more accessible to users looking to diversify their trading strategies. With rewards designed for both newcomers and experienced traders, this event strengthens community engagement while supporting users wherever they are on their trading journey. For more details and terms and conditions, users may visit: Bybit Futures Combo Carnival

#Bybit / #TheCryptoArk

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: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Bybit Logo

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GLOBAL X ANNOUNCES SEMI-MONTHLY MAY 2025 DISTRIBUTIONS FOR ITS SUITE OF ETFs

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TORONTO, May 8, 2025 /CNW/ – Global X Investments Canada Inc. (“Global X”) is pleased to announce the distribution amounts per security (the “Distributions”) for its exchange traded funds (the “ETFs“), as indicated in the table below.

Ticker Symbol

ETF Name

Ex-Date and Record Date

Pay Date

Cash
Distribution
per Security

BCCC

Global X Bitcoin Covered Call ETF

05/15/2025

05/23/2025

0.14

BCCC.U (1)

0.14

BCCC

Global X Bitcoin Covered Call ETF

05/30/2025

06/06/2025

0.14

BCCC.U(1)

0.14

BCCL

Global X Enhanced Bitcoin Covered Call ETF

05/15/2025

05/23/2025

0.175

BCCL.U(2)

0.175

BCCL

Global X Enhanced Bitcoin Covered Call ETF

05/30/2025

06/06/2025

0.175

BCCL.U(2)

0.175

(1)

Distributions for Global X Bitcoin Covered Call ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker BCCC.U. The approximate U.S. dollar equivalent distribution rate for BCCC.U is $0.10123 per security. For securityholders who hold the U.S. dollar traded BCCC.U, the securityholder’s account holder will typically convert distribution payments to U.S. dollars.

(2)

Distributions for Global X Enhanced Bitcoin Covered Call ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker BCCL.U. The approximate U.S. dollar equivalent distribution rate for BCCL.U is $0.12654 per security. For securityholders who hold the U.S. dollar traded BCCL.U, the securityholder’s account holder will typically convert distribution payments to U.S. dollars.

Distributions for the ETFs will vary from period to period. For further information regarding the Distributions, please visit www.GlobalX.ca.

About Global X Investments Canada Inc. (www.GlobalX.ca)

Global X Investments Canada Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X Fund family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has more than $39 billion of assets under management and 142 ETFs listed on major Canadian stock exchanges. Global X is a wholly-owned subsidiary of the Mirae Asset Financial Group, which manages more than $900 billion of assets across 19 countries and global markets around the world.

Commissions, management fees, and expenses all may be associated with an investment in products (the “Global X Funds”) managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently, and past performance may not be repeated.  Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

The payment of distributions, if any, is not guaranteed and may fluctuate at any time. The payment of distributions should not be confused with an exchange traded fund’s (“ETF”) performance, rate of return, or yield. If distributions paid by the ETF are greater than the performance of the ETF, distributions paid may include a return of capital and an investor’s original investment will decrease.  A return of capital is not taxable to the investor but will generally reduce the adjusted cost base of the securities held for tax purposes. Distributions are paid as a result of capital gains realized by an ETF, and income and dividends earned by an ETF are taxable to the investor in the year they are paid. The investor’s adjusted cost base will be reduced by the amount of any returns of capital. If the investor’s adjusted cost base goes below zero, investors will realize capital gains equal to the amount below zero. Future distribution dates may be amended at any time. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. The characterization of distributions, if any, for tax purposes, (such as dividends/other income/capital gains, etc.) will not be known for certain until after the ETF’s tax year-end. Therefore, investors will be informed of the tax characterization after year-end and not with each distribution if any. For tax purposes, these amounts will be reported annually by brokers on official tax statements.  Please refer to the applicable ETF distribution policy in the prospectus for more information.

The Global X Bitcoin Covered Call ETF (BCCC) and the Global X Enhanced Bitcoin Covered Call ETF (BCCL) are each exchange traded alternative mutual funds that invest in other alternative mutual funds that invest, directly or indirectly, in Bitcoin. There are inherent risks associated with products linked to crypto assets, including Bitcoin Futures. While Bitcoin Futures are traded on a regulated exchange and cleared by regulated central counterparties, direct or indirect exposure to the high level of risk of Bitcoin Futures will not be suitable for all types of investors. Given the speculative nature of bitcoin and the volatility of the digital currency markets, there is no assurance that BCCC or BCCL will be able to meet their respective investment objectives. An investment in BCCC or BCCL is not intended as a complete investment program and is appropriate only for investors who have a sophisticated knowledge and understanding of Bitcoin and the capacity to absorb a loss of some or all of their investment. An investment in either BCCC or BCCL is considered high risk.

Certain statements may constitute a forward-looking statement, including those identified by the expression “expect” and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products managed by Global X Investments Canada Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

Global X Investments Canada Inc. (“Global X”) is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. (“Mirae Asset”), the Korea-based asset management entity of Mirae Asset Financial Group.  Global X is a corporation existing under the laws of Canada and is the manager and investment manager of the Global X Funds.

© 2025 Global X Investments Canada Inc. All Rights Reserved.

SOURCE Global X Investments Canada Inc.

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HTX DeepThink: Fed Sits Tight Amid Bind; Trump’s New Token on Horizon?

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SINGAPORE, May 8, 2025 /PRNewswire/ — HTX DeepThink is a flagship market insights column created by HTX, dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers “Find Order in Chaos.”

This week, what does Trump’s emerging token plan mean for crypto markets? Why is the Fed holding rates steady? Behind Bitcoin’s rebound, are hidden risks lurking? In this edition of HTX DeepThink, Chloe (@ChloeTalk1) from HTX Research breaks it all down.

Trump Media Group’s Utility Token: A Potential Shift in U.S. Equity Tokenization

On April 30, Trump Media & Technology Group announced it would collaborate with the Truth digital wallet to launch a new utility token called DJT. Initially, DJT will facilitate payments for the Truth+ subscription service, with plans to expand its utility across the Truth ecosystem.

It’s the first time a publicly listed U.S. media company is launching a utility token tied to a real-world product ecosystem, signifying a historic convergence between traditional equities and on-chain asset formats. Although the team has yet to announce a release date, blockchain platform, or tokenomics, the rollout appears to follow Trump’s classic strategy: hype first, details later.

DJT is hitting the market at just the right moment as memecoin mania is cooling and narratives are shifting toward utility and payment integration. Similar to HTX’s recent listing of WLFI’s USD1, demand for “practical crypto assets” is surging. DJT combines powerful political branding with real ecosystem support, offering long-term value potential far beyond that of short-lived meme-driven tokens.

U.S.-China Trade Talks: A Temporary Easing Amidst Persistent Tensions

This weekend, U.S. Treasury Secretary Scott Besant and Trade Representative Jamison Greer will meet with Chinese Vice Premier He Lifeng in Geneva. This meeting, the first high-level U.S.-China trade talks since heightened tensions in spring 2025, signals a potential diplomatic thaw.

Although both sides still dispute who initiated the talks, the meeting alone sends a strong signal of reengagement and diplomatic thawing. With tariffs at historic highs, markets are interpreting the summit as a short-term de-escalation of geopolitical risks—sparking a relief rally in risk assets.

Following the news, Bitcoin rose by approximately 3.6%, briefly surpassing $97,000. This reflects how sensitive capital flows remain to macro-level easing signals. While structural differences between the two nations are far from resolved, the current window of policy détente may offer a short-term liquidity boost for digital assets, gold, and tech stocks.

Powell Throws : “Now Is Not the Time to Cut Rates”

On May 8, the Fed held interest rates steady at 4.25%–4.50% for the third consecutive meeting. While it was widely expected, Fed Chair Jerome Powell struck a noticeably more cautious tone during the press conference:

  • “Now is not the time for us to lead with a rate cut.”
  • “The cost of waiting is relatively low.”
  • “Whether we cut this year depends on how things develop.”

The Fed is currently caught in a “dual bind”: on one hand, disinflation has stalled, with PCE and CPI both above the 2% target. On the other, the central bank’s fiscal position is deteriorating. A 25–30 bps rate cut could shave $20 billion off annual income, further reducing remittances to the Treasury and raising concerns over the Fed’s policy independence.

As a result, despite markets currently pricing in three rate cuts in 2025, the Fed is more likely to take a “data-driven, delayed transition” approach.

Bitcoin’s Market Dynamics: Macroeconomic Data to Dictate Direction

Despite BTC rebounding to around $99,000 on geopolitical and monetary optimism, the options market is not confirming a strong directional bias. Deribit data shows implied volatility on June and July calls rising only modestly, while 25d risk reversals remain neutral to slightly bearish, and skew curves are relatively flat. Notably, large Gamma exposures are clustered around the $95,000–$100,000 range, indicating that BTC is currently trapped in a “high-volatility, low-conviction” zone awaiting macro catalysts.

If CPI and jobs data for May–June remain hot, the Fed may push back on rate cut expectations—risking a BTC pullback. Conversely, if inflation cools and unemployment ticks up, Powell may pivot dovishly, providing a green light for BTC to break out of its volatility compression range and resume its bullish trend.

*The above content  is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.

About HTX Research

HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.

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AR.IO Launches Credit Card Payments For Web3 Identity and Hosting on Arweave

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NEW YORK, May 7, 2025 /PRNewswire/ — Permanent cloud network AR.IO onramps credit cards for its leading domain name and web-hosting service, ArNS, on the Arweave blockchain


AR.IO

AR.IO, the world’s first permanent cloud network built on the Arweave blockchain, has launched new fiat capability for purchases of its leading domain name service, ArNS, which offers easy access to web3 applications and permanent website hosting. 

Traditional domain name platforms require ongoing subscription renewals and rely on centralized infrastructure. ArNS, however, is supported by AR.IO’s network of 400+ gateways, making it decentralized and globally accessible. Users also have the option to buy a permanent domain name that never expires, nor does any data attached to it.

AR.IO users have long been able to buy credits for uploads to the network with fiat, $AR, $MATIC, $SOL, $ETH, and $ETH on Base. But starting today, they can use a simple credit card to purchase credits in a one-time transaction. This is made possible through AR.IO’s “Turbo” – an open-source bundler for the Arweave ecosystem that also bridges fiat to crypto

Commenting on the launch of ArNS’s new credit-card capability, Phil Mataras, founder and CEO of AR.IO, says, “With ArNS and its permanent purchase option, you will never, ever, lose access to your domain name or your website because you forgot to pay a subscription or the chain or provider removed or lost your data. This is a unique feature that sets us apart from any other DNS provider out there – and this couldn’t come at a better time as we see online information being deleted and manipulated at a rapid pace.”

More than simply pointing to data, ArNS domains are programmable smart contracts designed to trigger integrations, on-chain logic, and automations. With every name, users can permanently host apps, websites, and data via Arweave. This decentralized storage solution provides an alternative to centralized services that protects users from outages due to missed payments or provider issues.

Creating a new standard for digital identities, ArNS doesn’t just replace traditional DNS, it reinvents it for a sovereign, decentralized global internet.

About AR.IO

AR.IO is the first permanent cloud network, providing decentralized, censorship-resistant access to data, storage, and domains. Built on Arweave, AR.IO ensures information and applications remain universally accessible, tamper-proof, and free from centralized control. Its incentivized gateway network enhances reliability, while self-sovereign, permanent domains eliminate renewals and offer true digital ownership. AR.IO envisions an internet that is resilient, equitable, and neutral, where businesses, creators, individuals, and society as a whole are empowered to thrive.

To learn more about AR.IO, users can visit https://ar.io/ and follow @ar_io_network on X

About ArNS

ArNS (Arweave Name System) is a decentralized, permanent, smart domain name system built on the Arweave blockchain and powered by the AR.IO network. ArNS stands apart from other web2 and web3 name systems through its flexible options to lease or permanently purchase without renewals or subscriptions. With ArNS, users can permissionlessly publish websites, point to data, apps, or identities for uninterrupted access via a censorship-resistant, globally distributed gateway network. All entries are stored permanently and immutably on-chain, ensuring trustless, verifiable, and tamper-proof naming for a truly sovereign web.

Contact

Rebecca Jones
Block3 PR
rebecca@block3.pr 

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Alpen Testnet Launch Marks a Step Toward Bitcoin’s Programmable, Scalable Future

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NEW YORK, May 5, 2025 /PRNewswire/ — Testnet Opens Door to Decentralized Trading, Borrowing, Earning, and Stablecoins on Bitcoin‘s Foundation.


Alpen Testnet Launch Marks a Step Toward Bitcoin’s Programmable, Scalable Future

Bitcoin‘s market cap sits close to $2 trillion, but its potential remains largely untapped, locked behind centralized solutions. The Alpen testnet is now publicly available, a major step toward unleashing that potential with programmability and scalability through zero-knowledge proofs. This milestone brings decentralized trading, borrowing, earning, stablecoins, and more one step closer to Bitcoin.

Bitcoin‘s not just for holding anymore,” said Simanta Gautam, CEO and co-founder of Alpen Labs. “Alpen equips developers with tools to build and users with the ability to engage with Bitcoin in all the ways they’ve wanted, no middlemen required. Some of the best teams in the space are already building on it, and we can’t wait to see what’s next.”

The Alpen testnet allows developers to experiment, build, and test BTC applications once confined to centralized exchanges, custodians, or wrapped tokens on other chains. For users, it offers a glimpse into an open future financial system that’s secure and self-custodial.

Alpen distills years of research by the Alpen Labs team into secure, trust-minimized programmability for Bitcoin. Alpen’s EVM compatibility enables crypto‘s largest developer base to use familiar tools to tap into Bitcoin‘s massive liquidity. Alpen’s BitVM2-based Strata bridge will provide applications with the most secure, trust-minimized BTC upon launch. Alpen’s zk-rollup architecture enables faster, lower-cost transactions while inheriting Bitcoin‘s unmatched security.

“I believe this represents one of the most important breakthroughs in blockchain history, uniting Bitcoin‘s unmatched security with the programmability we’ve waited 15 years for. Alpen is a game-changer for Bitcoin, and we’re proud to back a team that’s pushing the ecosystem to new heights.” — Nic Carter, Partner at Castle Island Ventures

Founded in 2022 by four MIT alumni and backed by Ribbit Capital, Stillmark, DBA, cyber•Fund, Castle Island Ventures, and others, Alpen Labs is reshaping Bitcoin‘s ecosystem into one where builders can securely innovate. This testnet paves the way for an upcoming mainnet launch that seeks to redefine Bitcoin‘s future.

Users can learn more at alpenlabs.io and read the launch blog post.

About Alpen Labs

Alpen Labs is shaping the next chapter of Bitcoin‘s story. With Alpen, Bitcoin gains programmability and scalability, enabling decentralized trading, lending, stablecoins, and more without compromising security or decentralization. Founded in New York by four MIT grads, Alpen Labs is connecting innovative finance to the world’s most trusted digital money.

Contact
Founder & CEO
Phil
21M Communications
phil@21mcommunications.com 

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Bybit Showcased Innovative Payments and Crypto Solutions at Web Summit Rio 2025

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DUBAI, UAE, May 4, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to have been a part of this year’s Web Summit in Rio. From April 27 to 30, the world’s largest technology event took place in Brazil’s startup city, Rio de Janeiro, where Bybit presented its future-ready crypto offering and innovative payments solutions. 


Bybit

Crypto integration into traditional payments is rapidly becoming part of everyday life for millions of users around the world, especially in emerging markets, and Bybit is at the forefront of the revolution with unmatched crypto-native solutions. Bybit—The Crypto Ark—caters to all of the crypto community’s needs — from trading, custody, on and off-ramping, payments, and more — and is fast becoming the ultimate crypto lifestyle brand. 

Through local partnerships and product innovation, Bybit’s LATAM chapter aspires to become the lifestyle partner of the crypto community. In 2025, Bybit officially launched Bybit Pay in Brazil powered by Transfero, offering a blockchain-based payment gateway and seamless crypto-to-fiat experience. This new product solution simplifies crypto payments and settlement for users in LATAM’s largest economy. 

Bybit Pay Key Features

  • QR Code support – scan to pay with fiat or crypto via PIX in Brazil
  • Unified crypto and fiat wallet management all in one place
  • Supports multiple currencies including BRL, USDT, USDC, BTC, and ETH
  • Secure transactions protected by blockchain encryption
  • Unlocking merchants access to Bybit’s 60+ million global users

At Web Summit Rio, the Bybit booth welcomed hundreds of attendees who experienced Bybit Pay in person. Visitors and the Bybit team exchanged insights on the future of crypto and how institutions, merchants, and retail users can pivot into the digital economy with on-chain solutions. 

Web Summit Rio also featured the Transfero x Bybit Happy Hour, presented by Bybit Pay at the Transfero booth. Visitors got their hands on Bybit’s innovative payments solutions built for crypto over a free beer and additional perks — experiencing a Bybit Pay transaction in seconds and taking home free Bybit-branded merchandise.

The all-in-one crypto powerhouse is also dedicated to enriching customer experience beyond transactions. Bybit recently announced its strategic partnership with Tomorrowland Brasil, making crypto a key highlight at this iconic music festival hosting hundreds of thousands of music fans every year. The upcoming rendition is set for October 10 to 12 in Itu, São Paulo. As the exclusive Payment Partner for Tomorrowland, Bybit’s sponsorship is a world-first — bridging music and the crypto savvy generation. 

“For the younger generation in Latin America, crypto is becoming a way of life. We want to help create a world where paying, sending, and investing in crypto becomes instant and borderless for everyday users. What we are building now will enable millions of customers to benefit from the rapidly emerging digital asset class both on-chain and in real life with increasing ease,” said Israel Buzaym, Country Manager of Brazil.

Local customers can explore Bybit Pay Brazil and the ultra-rewarding Bybit Card with up to 10% cashback in Brazil and Argentina.  

#Bybit / #TheCryptoArk  

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: media@bybit.com 

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Contact
Head of PR
Tony Au
Bybit
tony.au@bybit.com

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