Crypto News

HashPower Secures $4M Investment to Advance Decentralized Mining and AI Infrastructure

June 5, 2025 1 min read

HashPower, an on-chain staking and yield protocol, announced the completion of a $4 million strategic investment round, with participation from HashKey Capital, FBG Capital, Hailstone Labs, and DePIN X Capital. This round will accelerate HashPower’s vision to expand global decentralized mining capabilities, optimize staking rewards, and build real-world digital asset and AI infrastructure through permissionless, on-chain access. This investment builds on HashPower’s continued progress in ecosystem expansion and technology deployment.

Bybit donates over $300,000 to support earthquake relief in Myanmar and Thailand

June 5, 2025 2 mins read

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has pledged over $300,000 to support earthquake relief efforts and improve access to clean water and medical aid in Myanmar and Thailand, following the devastating 7.7-magnitude earthquake that struck near Mandalay, Myanmar, on March 28. The earthquake caused widespread destruction in central Myanmar and was strongly felt across the region, including in parts of Thailand. Communities in both countries have been

Variational Announces $1.5 Million Strategic Round And Launches Referral Program

June 5, 2025 3 mins read

Variational powers Omni, a platform that allows users to trade perpetual futures on hundreds of markets with zero fees. Variational, a protocol for peer-to-peer derivatives trading on Arbitrum, announced today that it has raised $1.5 million in strategic funding from Mirana Ventures, Caladan, Zoku Ventures (FKA Superpotion), and other key partners. This follows Variational’s September announcement of their $10.3 million seed round and launch of the Omni Mainnet Private Beta. Omni is a perps trading

SecondSwap Launches on Solana Mainnet, Opens Bidding for Locked SOL, JUP, BONK, WIF and More

June 5, 2025 4 mins read

SecondSwap, the pioneering decentralized exchange for trading locked and vesting tokens, announced its official launch on the Solana blockchain during Solana Summit APAC. As part of its “Solana Season” campaign, the platform is now accepting bids for select locked Solana-native tokens, including SOL, Jupiter (JUP), Raydium (RAY), Jito (JTO), and popular memes BONK and WIF. With over $100 billion in locked tokens across the industry, SecondSwap enables a new market

The Billion-Dollar Heist and What It Means for Crypto Security: Bybit’s Security Overhaul After Hack

June 4, 2025 4 mins read

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been writing a new page of central exchanges’ (CEX) security playbook in its battle against cyber attacks. Apart from the on-going fund recovery mission, Bybit has revealed a three-dimensional revamp of its safety guardrails: security audits, wallet fortifications, and infosec upgrade. In February, Bybit was subjected to a sophisticated multi-stage attack which turned out to be the largest hack known to

Trump’s Truth Social files for Bitcoin ETF

June 4, 2025 1 min read

Division NYSE Arca of the New York Stock Exchange has filed for an ETF connected to Truth Social, the social networking platform started by former President Donald Trump. Designed to track the price of Bitcoin, the file, Form 19b-4, seeks permission from the Securities and Exchange Commission (SEC) to list and trade the Truth Social Bitcoin ETF. Excluding Trust expenditures and liabilities, the registration statement states the ETF aims to

Emirates Coin Investment LLC Obtained the First Virtual Asset License in the UAE from SCAx

June 3, 2025 1 min read

Emirates Coin Investment LLC (EmCoin) has become the first company in the United Arab Emirates to receive a Virtual Asset license from the Securities and Commodities Authority (SCA). This license marks the first issuance of its kind by the SCA under the country’s regulatory framework for Virtual Asset service providers. The approval reflects the UAE’s broader efforts to establish comprehensive oversight for digital finance activities. EmCoin’s licensing under the SCA framework

Movemaker and alcove Launch US$200K Open-Source Initiative to Establish Secure Contract Library for Aptos Developers

June 3, 2025 3 mins read

Movemaker, Aptos’ official Chinese-speaking community, and alcove, the first Asia-based Move developer organization, today announced the launch of the Aptos Move Secure & General Purpose Base Library, an open-source initiative to standardize and strengthen the Aptos smart contract ecosystem. The initiative comes in response to growing concerns over on-chain security and fragmented development practices in the Web3 space. Backed by an initial US$200,000 in seed funding from Movemaker, the initiative will create a rigorously audited,

Bitget Lists LABUBU (LABUBU) in the Innovation and Meme Zone

June 3, 2025 3 mins read

Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of LABUBU (LABUBU) in its Innovation and Meme Zone. Trading for the LABUBU/USDT pair commenced on May 30, 2025, at 14:00 UTC, with deposits open and withdrawals available starting May 31, 2025, at 15:00 UTC. LABUBU is a fan-driven meme token built on the Solana blockchain, inspired by the popular Labubu toy. In particular, the bag charm surged

Bitget Lists Pocket Network (POKT) in the Innovation, Public Chain and Web3 Zone

June 3, 2025 3 mins read

Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Pocket Network (POKT) in its Innovation, Public Chain and Web3 Zone. Trading for the POKT/USDT pair commenced on 30 May 2025, 15:00 (UTC), with deposits open and withdrawals available starting 31 May 2025, 15:00 (UTC). Pocket Network is a decentralized blockchain API built for Web3 apps, relaying data to and from any blockchain through a network of

Bybit Teams Up with Circle, Tether, Solana, and Sui to Launch Ecopedia, the First Collaborative Ecosystem Wiki

June 3, 2025 2 mins read

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched Ecopedia, the world’s first blockchain ecosystem wiki. Developed in collaboration with Circle, Tether, Solana, and Sui, the platform aims to simplify crypto education through a free, open-access hub that is both structured and engaging. All ecosystem links can be found under the Ecopedia section in the dropdown menu on Bybit’s Learn page.  Ecopedia offers in-depth, ecosystem-specific content tailored for beginners and advanced users alike. Each ecosystem page

PrimeXBT expands global reach with FSCA-regulated crypto asset services

June 2, 2025 3 mins read

PrimeXBT, a global multi-asset broker, has expanded its regulated offerings with approval from the Financial Sector Conduct Authority (FSCA) in South Africa to provide crypto services. This development strengthens PrimeXBT’s presence in one of Africa’s leading financial markets and supports the company’s broader mission to advance regulated crypto access worldwide. With this updated licence in place, PrimeXBT is now offering traders a secure and trusted environment to deposit, withdraw, trade,