Cryptocurrency

GAIB, a platform creating financial infrastructure for AI computing, today announced the completion of its $5 million pre-seed funding round. The round was co-led by Hack VC, Faction, and Hashed, alongside strategic investments from prominent groups including Spartan, CMCC, L2IV, Animoca Brands, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir, and Near Foundation, as well as several angel investors.The funds will be allocated to expand the R&D and operations teams, accelerate product iteration, and strengthen the platform’s infrastructure to meet market demands. The funds will help fulfill its mission to pioneer a liquid, decentralized market for enterprise-grade GPUs, addressing critical gaps in GPU financing and investor accessibility.GAIB tokenizes GPUs and their yields, enabling the creation of a new asset class backed by real AI demand. This innovation allows for new and direct investment pathways into AI, which has been historically dominated by equity investments in a few large AI or semiconductor companies. By bridging AI, GPU demands, and blockchain, GAIB introduces a novel type of yield-bearing assets that forms the foundation for a variety of decentralized finance (DeFi) use cases, granting users access to direct GPU exposure, yield products, hedging, speculation, and various portfolio strategies.About GAIBGAIB is the first economic layer for AI compute, creating a new type of yield bearing assets backed by real AI demands. It tokenizes enterprise-grade GPUs and their yields, creating a decentralized liquid market for GPU financing, addressing the growing demand for high-performance computing while giving investors direct exposure to GPU assets. The platform enables a variety of decentralized finance (DeFi) use cases to be built on top, including GPU backed stablecoins, lending and borrowing, options and futures, and various structured products.Website | X | Telegram | [email protected] article was originally published on Chainwire More

“At BIT Mining, we believe our cutting-edge technology and forward-thinking strategy uniquely position us to adapt to market shifts and seize new opportunities,” commented Xianfeng Yang, CEO of BIT Mining. “By combining innovation with agility, we are enhancing our competitive edge and creating value for our stakeholders. As the cryptocurrency market continues to evolve, we are ready to grow alongside it, leveraging our strengths for long-term success.”As of November 27, 2024, the Company has mined 84,485.42 LTC and 227,908,250.38 DOGE since it started the LTC and DOGE self-mining business. With over 5,552 active LTC/DOGE/BEL mining machines (capable of mining three coins at the same time, BEL coin is newer and relatively more volatile) delivering a combined hash rate of 18.94 TH/s, the Company currently represents 1.32% of the total global network hash rate in LTC/DOGE/BEL, as one of the largest participants.BIT Mining’s commitment to Litecoin (LTC) and Dogecoin (DOGE) is a major strategic action following the Company’s 2021 acquisition of Bee Computing, a semiconductor company dedicated to blockchain hardware design and development. Since the acquisition, the Company has launched power-efficient LD3 miners, one of a few cutting-edge machines that delivers highly cost-effective performance while offering the shortest payback period for LTC/DOGE/BEL mining, increasing profitability and solidifying its position as a market leader. Beyond many years of chip design knowledge accumulation, and three years of dedicated efforts developing crypto miners, the success of LD3 has proven BIT Mining’s forward planning and long-term devotion to blockchain technology, where miners stand firmly in the foundational base to validate and support the whole ecosystem.”The recent rally in Litecoin and Dogecoin, fueled in part by Elon Musk’s influence and the changing regulatory landscape in the US after the Trump win, has had a major impact on mining profitability,” noted Dr. Youwei Yang, Chief Economist and VP of Mining at BIT Mining. “Ongoing advancements in blockchain technology, particularly in network interoperability, are fueling optimism in the crypto market, with Dogecoin and Litecoin gaining significant momentum. Many analysts predict this upward trend will continue through 2025, reflecting confidence in DOGE’s potential and the broader growth of the cryptocurrency industry.”Having recently announced an expansion into Ethiopia, the Company continues to be at the forefront of industry and technology innovation, securing premium mining and data center resources while building strong international partnerships. With a renewed focus on mining machine development, self-operated mining, and data center operations, the Company is well positioned to thrive in the rapidly evolving crypto environment.To learn more about BIT Mining, visit www.btcm.group. More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, reaffirmed its commitment to fostering a transparent and sustainable crypto ecosystem at CRYPTO TALKS. VILNIUS Vol. 2. Held on November 27, 2024, in partnership with the Crypto Economy Organisation (CEO), the event convened industry experts to explore the evolving regulatory landscape in Europe, with a particular focus on the Markets in Crypto-Assets Regulation (MiCAR / MiCA).Navigating MiCAR’s ComplexitiesBybit shared valuable insights into the challenges faced by crypto businesses as they navigate the complexities of MiCAR compliance. These include:Bybit’s participation at CRYPTO TALKS. VILNIUS Vol. 2 underscores its compliance-first approach and dedication to working collaboratively with regulatory authorities and industry stakeholders. The exchange sees MiCAR as a pivotal step toward a regulated and robust crypto market in Europe and aims to share its experiences to ease the transition for the broader industry.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides 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 PressFor 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

The Binary Holdings, a $16.9 billion technology leader, today announced a strategic investment of up to $5 million from ABO Digital, a digital asset investment firm providing alternative financing solutions to cryptocurrency projects around the world. This investment will power The Binary Holdings to accelerate its mission of transforming the global digital economy. With a robust user base of 169 million across multiple verticals, The Binary Holdings is reshaping how businesses, consumers, and investors interact in the digital landscape, and is targeting one billion users by 2025. This collaboration will drive the expansion of a decentralised open network that seamlessly integrates with Web2 infrastructure while unlocking the full potential of Web3, empowering businesses and users to benefit from digital services such as cross border payments, gaming, digital social and other compelling services.The Binary Holdings has established itself as a central player in decentralised connectivity, working with a range of partners, including major telecom providers, to redefine how people and businesses interact across regions. Through contracts with seven leading telcos and a growing network of non-telco partners, The Binary Holdings is setting a new benchmark for global interoperability in digital commerce. At the centre of the Decentralised Open Network for Distribution and Commerce is The Binary Network, where users, businesses, and service providers can seamlessly connect and transact across borders.By using BNRY, the network’s single digital currency, The Binary Network is redefining the way value flows between participants, ensuring that payments are frictionless and accessible to users worldwide. This bold vision of using a single digital currency across its vast ecosystem enables true interoperability and cross-pollination amongst its diverse range of partners in both the telco and non-telco sectors, allowing for commerce to flow in a way that was previously unimaginable, eliminating the barriers between platforms and national borders.The platform’s ability to facilitate seamless transactions and interactions across multiple industries has already garnered attention from some of the world’s largest companies. With contracts signed with seven major telcos, The Binary Holdings is on track to reach 1 billion users by December 2025, becoming a true global player in the decentralised economy.Introducing Millenia – Digital Bank for Seamless Cross-Border TransactionsIn Q2 2025, The Binary Holdings will launch Millenia, a digital bank aimed at simplifying cross-border payments and remittances for users within The Binary Network. Designed to empower seamless transactions for individuals and businesses, Millenia will offer a low-cost, fast, and transparent service powered by the secure decentralised and interoperable infrastructure of The Binary Network, with BNRY as the primary transaction digital currency.Supporting Multi-Chain Compatibility and Global dApp GrowthThe Binary Holdings’ blockchain infrastructure is gaining strong traction among dApp developers. Through partnerships with over seven Layer 1 and Layer 2 blockchain networks, The Binary Holdings has created unique bridges which provide dApps immediate access to Binary’s expanding user base of 169 million, projected to reach one billion by 2025, creating unmatched engagement and utility.By bridging Web2 and Web3, The Binary Holdings addresses a key challenge in the sector, accelerating Web3 adoption at scale and establishing itself as a leader in building tangible utility and mass adoption.“The Binary Holdings is at the forefront of creating a new global standard for digital distribution and commerce,” said Siddharth Sahi, CBO, The Binary Holdings. “With the launch of the Binary Digital Bank, support from ABO Digital, and an expanding network of partners, we’re excited to continue pushing boundaries and bringing innovative solutions to our global community.”A Tech Powerhouse in Southeast Asia and the Middle East and a Global Leader in the Digital Economy through Mass AdoptionThe Binary Holdings is rapidly establishing itself as one of the region’s most valuable and innovative tech companies, with a valuation of $16.9 billion. With strong partnerships, an expanding user base, and a commitment to essential infrastructure, The Binary Holdings is on track to become a global digital economy leader. Its blockchain technology drives innovation in decentralized finance (DeFi), NFTs, gaming, and digital commerce at scale, building a robust ecosystem that redefines business, payments, and global interactions.“We are excited to collaborate with The Binary Holdings at such a pivotal time in the evolution of the digital economy” said Talal Samy, Investment Associate at ABO Digital. “The company’s ability to innovate, scale, and bring real-world solutions to a global audience is unmatched. Their groundbreaking work in creating seamless global interoperability and fostering mass adoption of decentralised technologies aligns perfectly with our mission, and we are proud to support them as they continue to shape the future of Web3.”With ABO Digital’s support and its expanding ecosystem and through real-world applications, from digital payments to cross-border commerce, The Binary Holdings is pushing Web3 and blockchain into the mainstream.About ABO DigitalABO Digital is an investment firm providing alternative financing solutions to cryptocurrency projects around the world. It is part of the Alpha Blue Ocean group, a pioneering multi-family office renowned for its leadership in alternative finance and innovative investment strategies. With a global presence and a commitment to supporting groundbreaking projects, ABO Digital has established itself as a driving force in fostering technological advancements and sustainable growth across various sectors, including health, medical innovation, and now, blockchain technologies. About The Binary Holdings LimitedHeadquartered in Dubai, UAE, and with a global user base of 169 million, The Binary Holdings Limited is a leading decentralised technology company committed to creating open, interoperable networks for digital commerce. By 2025, it aims to empower a billion users worldwide with secure, scalable blockchain infrastructure.ContactHead of PRYousef BatterWhite Label [email protected] article was originally published on Chainwire More

A rally in most major altcoins also cooled on Wednesday in anticipation of more positive cues, especially on the regulatory front.Bitcoin rose 0.3% to $96,418.1 by 00:51 ET (05:59 GMT), remaining largely within a trading range of $90,000 to $100,000 established over the past two weeks.While the world’s largest crypto had risen sharply after Trump won the 2024 presidential elections, it turned rangebound after failing to cross the coveted $100,000 level. Crypto markets were largely anticipating more cues on policy from Donald Trump, following promises of friendlier regulation from the President-elect. Trump had vowed to make America the crypto capital of the world, and had also floated the idea of a Bitcoin national reserve. Trump’s cabinet picks- particularly for the Treasury Secretary and Secretary of Commerce roles- have both presented pro-crypto positions. Reports suggested that Trump was also planning on shifting crypto regulation to the Commodity Futures Trading Commission from the Securities and Exchange Commission.Trump’s potential pick for the SEC Chair, after Gary Gensler resigns in January, is also expected to be pro-crypto. Still, traders doubted whether Trump will be able to deliver on all of his crypto promises. A particular point of contention has been the establishment of a Bitcoin reserve, with analysts stating that a focus on reducing government spending and upholding the dollar will take precedence over any government buying of more coins.Recent data also showed the government mobilizing about $1.9 billion of Bitcoin onto an exchange, raising fears of a potential sale event. Broader crypto prices mostly tread water in tandem with Bitcoin, with caution also kicking in before more cues on U.S. interest rates. Federal Reserve Chair Jerome Powell is set to speak later on Wednesday, while key nonfarm payrolls data is due on Friday. World no.1 altcoin Ether rose 0.9% to $3,666.0.XRP fell 1% to $2.6010, cooling after a stellar rally to six-year highs. XRP was boosted by speculation that a change in leadership will see the SEC drop its long-running lawsuit against XRP issuer Ripple. Solana rose 3.9%, extending recent gains, while Cardano fell 5.4%. Polygon traded sideways.Among meme coins, Dogecoin fell 1.1%.  More

Perennial announced the launch of Perennial Intents, a unique intents layer for perpetual futures, designed to unify DeFi’s fragmented liquidity landscape and deliver a centralized exchange trading experience on-chain. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents is delivering deeper markets, better prices, and a unified trading experience designed to move DeFi forward.Tackling DeFi’s Liquidity FragmentationA Hybrid Model for the Future of DeFiAlthough intents are not new to DeFi, Perennial Intents introduce a layered model that combines intent-based off-chain order matching with on-chain AMM settlement. Perennial claims this model streamlines trading by pairing intent-based order matching with on-chain AMM settlement. The team claims this hybrid approach guarantees optimal price execution for traders while enabling solvers to dynamically manage liquidity without long-term collateral constraints—unlocking deeper markets and greater efficiency.One-Click Trading and the Perennial Petals ProgramAlongside Perennial Intents, the launch includes two additional upgrades: one-click trading and the Perennial Petals points program. Traders can now enjoy seamless trading with a single collateral account, while the Petals program rewards users with points for their trading activity, with 2x points available during the initial launch period.Perennial is a DeFi-native derivatives primitive designed to serve as the liquidity backbone for DeFi. Backed by leading investors, including Polychain, Variant, and Archetype, Perennial has facilitated over $2.8 billion in trading volume. Its growing ecosystem includes integrations with prominent trading interfaces like Kwenta, Siren, Rage Trade, and Cryptex Finance.For more information on Perennial Intents, users can visit their website or join the community on Discord.ContactHead of MarketingLucas [email protected] article was originally published on Chainwire More

This article was originally published on U.Today More

Rizzo shared this fun fact on social media platform X, sparking reflection in the crypto community about how far Bitcoin has journeyed through the years.Bitcoin was launched in January 2009 by the pseudonymous creator Satoshi Nakamoto, and its value was initially near zero.In the early days of Bitcoin, there were no exchanges that resembled those available today. In an early transaction, for instance, 5,050 BTC were exchanged for $5.02, offering an estimate of a price of around $0.0009 per Bitcoin.On Feb. 9, 2011, BTC touched $1.00 for the first time in history. A few months later, in June, the price of a single Bitcoin reached $10, then $30 on Mt. Gox. This represents a 100x increase since 2011, when the price of Bitcoin was around $0.30. By the end of the year, Bitcoin had rebounded to a little under $5.Bitcoin’s price increased dramatically in 2013, for the first time since 2011. Bitcoin rose from $13 at the beginning of the year to roughly $250 in April. It subsequently cooled for a bit before rapidly appreciating again to more than $1,100 in December of that year.Bitcoin’s price steadily increased in 2017, culminating in a massive blow-off high of nearly $20,000. Bitcoin experienced another big rally in 2021, hitting $69,000 in November of that year.Fast forward to last month, and Bitcoin neared $100,000, reaching a record high of $99,728 on Nov. 22. At the time of writing, Bitcoin was trading at $95,504.This article was originally published on U.Today More