Aurelia Butler

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    in Cryptocurrency

    Bybit Takes Center Stage at IVC Official Opening Party with Immersive Web3 Experiences

    Bybit, the world’s second-largest web3 platform by trading volume, today announced its premier sponsorship of the IVC Official Opening Party on July 4th. IVC will deliver the most thrilling theme park experience with an array of exhilarating attractions that includes the iconic Evangelion Kyoto base at the only Jidiageki theme park in Japan.IVC (Infinity Ventures Crypto) is a Web3 venture capital firm that invests in pioneering game, Web3, infrastructure, and DeFi projects. IVC leverages its global connections to innovate, build, and propel forward the next generation of founders.Bybit MEGA Warrior Brings Web3 to LifeIVC will bring Bybit’s iconic MEGA Warrior NFT character to life, giving guests the opportunity to interact and win exclusive rewards. The “Adventures with Bybit MEGA Warrior” campaign is in full swing, offering a chance to win limited Bybit MEGA Warrior NFTs, opening party ticket, passes of Largest Web3 Conference in Japan, and other prizes.Attendees can also look forward to:Luc van Hecke, Bybit’s spokesperson, will be sharing his expertise and joining the dialogue at IVS Crypto 2024.”Bybit’s activations will undoubtedly be a highlight, immersing attendees in the convergence of digital and physical worlds,” said an IVC spokesperson. “Their sponsorship elevates this opening party to new heights of innovation and excitement.”About BybitBybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press. For media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More

  • 113 Shares149 Views

    in Economy

    Viktor Orbán: Hungary’s plan to make Europe competitive again

    Standard DigitalWeekend Print + Standard Digitalwasnow $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Cryptocurrency

    WELL3 Hits $55M TVL in 24 Hours Ahead of TGE

    WELL3, a decentralized wellness solutions provider, announced $55M in TVL in a 24 hour public sale ahead of their upcoming Token Generation Event (TGE). The company is support by numerous notable entities in crypto investment, including Cypher Capital, a multi-strategy crypto investment firm, and other well-known names such as Animoca Brands, AWS, Samsung (KS:005930), The Spartan Group, Blocore, Fenbushi Capital, Newman Group, Soul Capital, XY Finance and Lumoz.WELL3 is reshaping health and wellness through its Decentralized Physical Infrastructure Network (DePIN), Decentralized Identity (DID), and AI systems. With a mission to enhance well-being through secure, data-empowered health journeys, WELL3 leverages blockchain and AI analytics to provide personalized user experiences that prioritize data ownership and security. About WELL3WELL3 is the leading Web3 Wellness Platform that revolutionizes health data management. By harnessing Decentralized Physical Infrastructure Network (DePIN) and Decentralized Identity (DID), along with sophisticated AI analytics, it engages users with rewards to incentivize health data collection and management.About Cypher CapitalCypher Capital is a leading early-strategy venture firm focused on investing in Web3 infrastructure and applications that will drive the new digital economy. Guided by environmental, social, and governance for every investment decision, Cypher is shaping the future of digital currency, public markets, and Web3. Website | Blog | LinkedIn | Telegram | Instagram | Facebook (NASDAQ:META) | Youtube | X ContactShameem ShaMedia [email protected] article was originally published on Chainwire More

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    in Cryptocurrency

    Celebrating Excellence: Bybit Rises to No.2 in Spot Market Share and Presents the Community with Exciting Opportunities

    Bybit, the world’s second-largest web3 platform by trading volume, has recently ascended to the second position in terms of market share. To commemorate this remarkable achievement and extend our heartfelt appreciation to Bybit’s global community, the Spot team is launching a reward program designed to enhance user benefits and elevate their trading experience.From now until 10AM UTC, July 11, all existing Bybit users and new users are invited to join a series of celebrations with us. As a token of appreciation, 100 participants will be randomly selected to receive 20 USDT each.Users can choose to participate in any one of the following areas and become a part of the future of trading with Bybit:About BybitBybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press. For media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More

  • 113 Shares99 Views

    in Economy

    US examines carbon pricing on imports, climate envoy says

    Standard DigitalWeekend Print + Standard Digitalwasnow $75 per monthComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    in Economy

    Analysis-Investors already look beyond first-round French election relief

    (Reuters) – Investors are sceptical that the relief rally after France’s first-round parliamentary election can last, wary that the outlook for the country’s creaking public finances will remain in focus with several political hurdles ahead. The closely-watched spread French government bonds pay over Germany’s retreated from a 12-year high on Monday and bank shares surged as Marine Le Pen’s National Rally (RN) scored a win smaller than some polls had expected on Sunday.The results lessen the chance of an absolute majority for the RN, or a win for the left-wing alliance that came second, and were a relief for markets rattled since the surprise election was called last month.But investors remained cautious with uncertainty high ahead of a second-round vote on July 7 and beyond, seeing little scope for improvement in France’s weak fiscal position as both the far-right and left have pledged big spending increases.”It would be too premature to say the battle is over,” said Nicolas Forest, CIO at asset manager Candriam. “We are at the beginning of a new political era in France and the situation will stay very uncertain and very complicated.” Even after Monday’s bounce, French assets have barely recovered. France’s 10-year yield rose to its highest since November on Monday. The French/German bond spread is still over 25 basis points wider than before President Emmanuel Macron called the election on June 9 and not expected to recover any time soon. Shares in France’s three biggest lenders are still down 7-12%%. Underweight French debt, Forest saw scope for the French-German spread to widen to 100 bps even with a hung parliament, where no one party has an outright majority.The first hurdle is Sunday’s second round election. Leaders of the left-wing alliance and Macron’s centrist grouping have indicated they would withdraw their own candidates in districts where another candidate was better placed to beat the RN. But it was unclear if the pact would always apply if the left-wing candidates were from Jean-Luc Melenchon’s far-left France Unbowed party. Candidates through to the run-off have until Tuesday to decide whether to run or stand down. High turnout on Sunday means France is heading for a record number of three-way run-offs, which are expected to benefit the RN. “Anything that would increase support for the far-right parties would be the biggest risk from here,” said Colin Finlayson, co-manager of the Aegon (NYSE:AEG) Strategic Bond Fund.TURMOIL AHEADAn uncertain political environment adds to worries about the long-term challenges for France’s stretched finances that saw its credit rating downgraded in May.With a budget deficit rising to 5.5% of output last year, far higher than European Union rules permit, France faces disciplinary measures from the EU executive.Given big spending pledges from the RN as well as the left-wing alliance, “it’s difficult to see how you’re going to get much through parliament that says reduce spending,” said David Zahn, head of European fixed income at Franklin Templeton, who remains underweight French debt. “This is a sea change for France, (the spread) will now have to trade wider because of its fiscal dynamics, its political dynamics.” The RN has toned down some of its more radical plans and said it would respect the EU’s fiscal rules, but it’s unclear how much of its plans are funded.Investors were considering scenarios including ones where legislation is passed on a bill-by-bill basis or Macron tries building a broad majority that would still face instability.RN leader Jordan Bardella has said he only wants to be Prime Minister if it won an absolute majority. “If no one gets an absolute majority, you always end up in a situation where you have a government which will have to cobble up together all the time, very complex arrangements across political families which don’t have a habit of working together,” said AXA’s chief economist Gilles Moec. That raises the risk of another election after 12 months, when they are permitted again, investors said, meaning uncertainty persisting. “It will be really uncharted territory for France,” said Candriam’s Forest. “It will stay unstable, this government cannot stay for more than one year.” More

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    in Economy

    Cuba announces new measures for “war-time economy” amid growing crisis

    The measures will bring the 2024 budget and goals in line with what the government refers to as a “war-time economy,” according to a state-run media summary of a meeting of the Council of Ministers, the country`s top executive body.”All of us are here to save the (Cuban) Revolution and save socialism,” Diaz-Canel said in the meeting. Cuba`s economy has been decimated by a combination of factors, including the COVID-19 pandemic, stiffened U.S. sanctions and a state-dominated business model plagued by bureaucracy, mismanagement and corruption. The social and economic crisis is widely seen as among the worst since Fidel Castro`s 1959 revolution, leading to a record-breaking exodus of Cuban migrants in the past two years. The announced measures – many long discussed and implemented in various forms by Cuba`s socialist government – aim to bolster foreign exchange, encourage food production and bring order to flailing state-run businesses, said Mildrey Granadillo de la Torre, First Deputy Minister of Economy and Planning.The government said it would announce a “single, inclusive and equal pricing policy …for all subjects of the economy, which includes both the state and non-state sectors,” according to a report from the Communist Party`s Granma newspaper.Cuba`s socialist authorities in 2021 lifted a ban on private companies in place since early in Castro`s revolution, but Communist party stalwarts say pricing disparities have contributed to soaring inflation.The government also said it would centralize decision making on the national budget, allowing it slash line items and bring expenditures in line with revenue. The report painted a dire picture of the economy, but provided few figures and did not say when the announced actions would come into effect.Diaz-Canel earlier this year sacked his economy minister, Alejandro Gil, on allegations of corruption, part of a broader high-level shake-up that also appears aimed at solving festering economic woes. More

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    in Cryptocurrency

    Bitcoin price today: climbs near $63K with Mt Gox, rate signals in focus

    Markets were on edge over a potential, major liquidation event with the now defunct exchange Mt Gox set to begin distributions of stolen tokens from this week.Anticipation of more cues on U.S. interest rates, from the Federal Reserve and from economic data, also kept sentiment on edge.Bitcoin rose more than 2% in the past 24 hours to $62,838.9 by 08:59 ET (12:59 GMT). The token also took some support from weakness in the dollar, with the greenback losing some 0.2% on Monday.The liquidators of Mt Gox said they will begin distributing Bitcoin stolen during a 2014 hack from early July. Traders speculated that receivers of the stolen tokens will be largely inclined to sell, given that Bitcoin saw a massive spike in valuation over the past decade. Such an event presents massive selling pressure on Bitcoin, and could spark substantial price losses. The token saw steep losses in late-June on this notion.Crypto investment products also logged two straight weeks of outflows amid fears of selling pressure on Bitcoin.Among broader crypto markets, altcoin prices rose on Monday, recovering a measure of steep losses from June.World no.2 token Ether added 2.6% to $3,475.84, also taking support from speculation that the Securities and Exchange Commission will approve a spot Ether exchange-traded fund as soon as this week.SOL, XRP and ADA rose between 1.9% and 4.5%, although trading volumes in all three were slim.Meme tokens DOGE and SHIB climbed over 2% and 1%, respectively.But sentiment towards crypto still remained on edge before a slew of more cues on U.S. interest rates this week. Federal Reserve Chair Jerome Powell is set to speak on Tuesday, while the minutes of the Fed’s June meeting are due on Wednesday. Nonfarm payrolls data is due on Friday and is also set to provide more cues on interest rates.Traders were seen increasing their bets that the Fed will cut rates by 25 basis points in September- a notion that also offered some support to crypto.Bitcoin could face resistance around the $65,000 level, on-chain data suggests.The leading cryptocurrency is attempting to bounce back after ending June with a 7% decline, a drop that reversed May’s gains primarily due to miner selling and concerns over ETF inflows being non-directional arbitrage bets rather than outright bullish investments.The recent decline has pushed Bitcoin prices below the aggregate cost basis of short-term holders—wallets that have held BTC for 155 days or less. According to LookIntoBitcoin, this aggregate cost basis is now at $65,000.On-chain analytics firms use realized price as the aggregate cost basis, reflecting the average price at which coins were last moved on-chain.In practical terms, this means short-term holders are now facing losses or holding positions in the red, which may lead them to sell at a loss or breakeven, potentially adding selling pressure around the $65,000 mark.”The price of Bitcoin has fallen below the aggregate cost basis of short-term holders for the first time since August 2023. In the short term, we should expect some resistance around the ~$65,000 level as short-term market speculators may look to exit their positions at a ‘breakeven’ level,” analysts at Blockware Intelligence said in a note seen by CoinDesk.”Last summer, when BTC lost the STH RP [realized price] support level, the price traded sideways for another two months before finally breaking out again,” they added. More