chainwire

Zug, Switzerland, April 28th, 2025, Chainwire

Ika, the world’s fastest parallel MPC network, set to launch on the Sui blockchain, reveals a strategic investment from Sui Foundation after recently concluding a record-setting 1.4M SUI NFT art campaign on Sui. Ika is the first sub-second MPC network, enabling zero trust interoperability between blockchains at unprecedented scale, across hundreds of signer nodes with ironclad security.

Ika aligns with Sui’s core values of performance, speed, and decentralization. With its upcoming launch on the Sui blockchain, Ika brings its unrivaled MPC technology to empower Sui Move smart contract developers with secure interoperability across all of Web3. This cements Sui’s position as the premier solution for cross-chain DeFi, decentralized custody, Chain Abstraction, AI agent guardrails, native Bitcoin programmability, and more, utilizing the first truly scalable, secure MPC signing solution.

Ika: Setting New Benchmarks in MPC Technology

Ika leverages the novel 2PC-MPC cryptographic scheme and Sui’s Mysticeti consensus protocol to address critical limitations in existing MPC networks, delivering unprecedented performance:

1. Record-Breaking Throughput: Ika can scale to process transactions up to 10,000 times more than current MPC networks, enabling unprecedented volume.
2. Minimal Latency: While conventional networks can lag 30 seconds or even more, Ika can generate a signature at sub-second speed, enabling real-time applications across chains.
3. Extreme Scalability: Ika transcends the typical 4-8 node limit, with 2PC-MPC that can scale to hundreds and potentially even thousands of signers, bolstering decentralization without compromising performance.
4. Zero-Trust Security: Ika’s architecture ensures user assets remain secure even in worst-case scenarios, setting a new standard in decentralized security.

Ika’s Use Cases: A Game-Changer for Web3

Ika’s ultra-fast MPC network powers a wide range of applications on the Sui blockchain, with multiple Sui builders already building their tech utilizing Ika, including:

• DeFi Interoperability: Ika’s sub-second speed and scalability enable instant and secure operations across all Web3 ecosystems, bringing liquidity from chains like Bitcoin and Ethereum to Sui. Sui builders, Full Sail and Rhei, have announced their upcoming launch utilizing Ika.
• Decentralized Custody: Ika offers secure, decentralized custody solutions on the Sui blockchain for digital assets, delivering unmatched security for institutional and individual users. Sui builders, Aeon and Human Tech, have announced their upcoming integration of Ika into their tech.
• Chain Abstraction: Ika allows builders on Sui to abstract the complexity of multiple chains for their users, alongside other Sui features such as zkLogin, delivering a perfect user experience. Sui builders, Covault and Lucky Kat, have announced their upcoming integration of Ika into their tech.
• Programmable Bitcoin: Ika unlocks new possibilities for native BTC on Sui, with programmable and secure DeFi and custody. Sui builders, Native and Nativerse, have announced their upcoming launch utilizing Ika.
• AI Agent Guardrails: Ika enhances AI applications on Sui, by providing secure MPC guardrails, ensuring AI agents don’t have full unchecked power, safeguarding users’ assets. Sui builders Atoma and Ekko have announced their upcoming launch utilizing Ika.

A Vision Supported by Industry Leaders and Embraced by the Community

Sui Foundation’s strategic investment in Ika underscores Sui’s dedication to fostering cutting-edge technologies that advance its mission of high performance and decentralization. This strengthens the technical synergy within the Sui ecosystem, positioning both Sui and Ika at the forefront of the Web3 revolution, advancing a future of secure, scalable, decentralized infrastructure.

With over $21 million in funding and a peak private valuation of $600M FDV, Ika is backed by dozens of key players in the Web3 space, including Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, FalconX, Tykhe Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Knowledge Ventures, NoLimit Holdings, Rubik Ventures, Dispersion Capital, Insignius Capital, Impatient Ventures, Cerulean Ventures, Earl Grey Capital, HDI Ventures, Flowdesk, TPC Ventures, Purechain Capital, Solr DAO, Heroic Ventures, Naval Ravikant, NotVCs, G-20 Group, Artifact Capital, DSRV, Encapsulate and many more.

Ika also demonstrated strong adoption from Sui users launching the “MF Squid Market” NFT art campaign, the largest and most successful NFT campaign in Sui history, receiving over 1.4M SUI, creating a strong and active grassroots community in the process.

The IKA token will soon launch natively on the Sui blockchain, unlocking new functionality and utility in decentralized security. As the native token of the Ika MPC network, IKA will play a pivotal role in powering its ultra-fast, scalable infrastructure, serving as the means to pay for MPC signing services, enabling seamless transactions across the Web3 space. By leveraging Sui’s unmatched speed and performance, Ika enhances the overall security and scalability of the ecosystem, adding the most promising MPC technology in blockchain to the fastest-growing L1 in Web3.

About Ika

Ika is the fastest parallel MPC network, offering sub-second latency, unprecedented scale and decentralization, and zero-trust security. As the premier choice for interoperability, decentralized custody, and chain abstraction, Ika is set to revolutionize digital asset security and multi-chain DeFi. Users can learn more here

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Based on the Move programming language, its object-centric model enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Users can learn more at: https://sui.io

Contact

Ika PR
pr@ika.xyz

Dubai, Dubai, April 28th, 2025, Chainwire

The global crypto exchange BYDFi has announced its official sponsorship of the TOKEN2049 conference in Dubai. At this event, BYDFi will showcase its on-chain trading tool, MoonX, marking its second international appearance after its debut at Paris Blockchain Week (PBW). This move signifies BYDFi’s formal expansion into the Middle Eastern and broader international markets.

TOKEN2049 will take place in Dubai from April 30 to May 1, expecting to attract over 15,000 attendees, including 500 industry leaders and 300+ media outlets. BYDFi will be showcasing its latest products and technological advancements at Booth 45.

BYDFi Completes CEX + DEX Dual-Engine Strategy, MoonX Continues to Grow

As part of its 5th anniversary milestone, BYDFi is expanding its platform capabilities through a dual-engine architecture. This strategy enables BYDFi to maintain the efficiency and depth of centralized exchanges (CEX) while embracing on-chain trading through MoonX, responding to the growing demand for decentralized finance (DeFi) solutions.

Currently, MoonX supports over 500,000 MemeCoins and emerging high-potential tokens, covering major blockchains such as Solana, BNB Chain, and others. It integrates smart filtering, smart money copy trading, and other features to provide users with a comprehensive on-chain trading experience.

Michael, co-founder of BYDFi, stated, “User trading behavior is evolving. While some still prefer the liquidity and efficiency of CEX platforms, others are migrating to DEX for more control over their assets and the potential for on-chain gains. This is not a replacement of trends, but rather a new normal of coexistence between dual tracks.”

He further emphasized, “Leading platforms of the future combine centralized trading performance with decentralized ecosystem connectivity. MoonX is a key step in BYDFi’s CEX + DEX dual-engine strategic upgrade,representing our judgment and investment in the next phase of market structure.”

5th Anniversary Special Activities: Online and Offline Interactive Experiences

To celebrate BYDFi’s 5th anniversary, the platform is launching the “Crypto Adventure Journey”:

Online Participation:

• Register a new account and complete simple tasks to receive a $20 exclusive gift pack and platform trial credits.
• Participate in perpetual contract trading to share in the $10,000 prize pool.

Offline Interaction:

• Following BYDFi’s official X account (@BYDFi_Official), retweet the event post with the hashtag #BYDFiTOKEN2049 to enter the lucky draw and win limited-edition merchandise and platform trial experience.
• Visiting Booth 45 at the event to experience the on-chain trading product MoonX, participate in interactive tasks, and win Crypto Adventure Gift Packages and mystery gifts.

About BYDFi

Founded in 2020, BYDFi has grown to serve over 1,000,000 users across 190+ countries and regions. Recognized by Forbes as one of the Top 10 Global Crypto Exchanges, the platform holds multiple MSB licenses, is a member of South Korea’s CodeVASP alliance, and advances the transparency and professionalism of its operations.

BYDFi is committed to providing a world-class crypto trading experience for every user. BUIDL Your Dream Finance.

• Website: https://www.bydfi.com
• Support Email: cs@bydfi.com
• Business Partnerships: bd@bydfi.com
• Media Inquiries: media@bydfi.com

Twitter( X )| LinkedIn| Facebook | Telegram| YouTube

Contact

Senior Marketing Director
Chloe
BYDFi Fintech LTD
chloe@bydfi.com

NEW YORK, U.S./NY, April 25th, 2025, Chainwire

Landmark Ruling Marks Major Win for Cryptocurrency, Open-Source Innovation, and Free Speech

In a sweeping legal victory, serial entrepreneur, author, and philanthropist Richard Heart has won the complete dismissal of all claims brought against him by the U.S. Securities and Exchange Commission (SEC).

U.S. District Judge Carol Bagley Amon granted Richard Heart’s motion to dismiss on February 28, 2025. The SEC had until last Monday, April 21, to amend its complaint and ultimately announced “it does not intend to file an amended complaint in this matter.” These events fully clear Heart and his blockchain products — HEX, PulseChain, and PulseX — of allegations that they constituted unregistered securities and also dismisses claims that Heart misused investor funds.

“Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC completely and have achieved regulatory clarity that nearly no other coins have. They’re now safer to work with in ways that almost no other coins are. …this is the only case where the SEC lost and crypto won across the board, with a dismissal in court of every single claim the SEC brought.” —Comments from Richard Heart’s Twitter/X on Monday’s news.

Legal analysts view the ruling as a decisive blow to the SEC’s expansive crypto enforcement strategy — one increasingly criticized for regulatory overreach and repeatedly rebuked by courts as arbitrary and capricious.

The SEC filed suit in July 2023, accusing Heart of raising more than $1 billion through unregistered offerings and spending millions on personal luxuries. In an unusual legal approach, the SEC also named his open-source crypto products — HEX, PulseChain, and PulseX — as codefendants, alleging they were Heart’s “alter egos.”

Judge Carol Bagley Amon of the U.S. District Court for the Eastern District of New York rejected the SEC’s arguments in full, ruling that the agency lacked jurisdiction and the offerings were globally accessible but not specifically targeted at the United States. The court also found no substantial connection to domestic securities transactions, stating that the tokens were not sold on U.S. exchanges and that the SEC failed to show any direct marketing to U.S. investors.

The court further dismissed the SEC’s fraud claims in full, finding the agency had failed to demonstrate that any investor communications were misleading or that the alleged misuse of funds occurred within U.S. jurisdiction. As a result, all claims against Heart and his blockchain products were dismissed. The SEC later confirmed it does not intend to amend or refile its complaint, allowing the dismissal to stand and formally closing the case with no findings of wrongdoing.

From the outset, Heart has always maintained that his products fully comply with the law. Now it’s official. This is a landmark win for cryptocurrency, open-source innovation, and free speech.

“This dismissal reinforces that publishing software — especially open-source blockchain code — is protected speech,” said Twitter/X user @NuclearHerbs, a U.S.-based attorney who attended the hearings.

Legal analysts view the ruling as a decisive blow to the SEC’s expansive crypto enforcement strategy — one increasingly criticized for regulatory overreach and repeatedly rebuked by courts as arbitrary and capricious. With all claims dismissed, HEX, PulseChain, and PulseX now carry a level of legal clarity few other tokens enjoy.

Contact

Journalist
Taylor Kennedy
Freelance
TLDRtaylor@protonmail.com

San Francisco, California, April 25th, 2025, Chainwire

Huma Finance, the first PayFi network, has surpassed $4 billion in Total Transaction Volume (TTV), just two years after its launch and within two weeks of unveiling Huma 2.0 – signalling a major shift in how real yield is accessed and distributed in DeFi.

As of April, the platform is growing at a rate of over $500 million, and is on track to exceed $10 billion TTV within the year. 

“PayFi is no longer simply a concept or emerging category; it’s live and scaling faster than we ever anticipated,” said Erbil Karaman, Co-Founder of Huma Finance. “For years, traditional finance has locked real yield behind closed doors. With Huma 2.0 we’re tearing those doors down and putting institutional-grade returns in the hands of every user. We are deeply grateful to our launch partners Jupiter and Kamino for making it even more accessible.”

Huma 2.0 is innovative for its ability to democratize real yields normally only accessible to institutions. Traditionally, when you deposit funds into a bank account, the bank leverages that liquidity for slow, costly transfers, like SWIFT, while returning almost nothing to the depositor. With Huma’s PayFi network, that model is flipped: payment companies access stablecoin liquidity directly to accelerate their payment flows in a capital efficient way, depositors receive double-digit, real-world yields in return.

Unlike traditional DeFi, PayFi’s yield is tied to fees collected during payment flows, not speculative market conditions. This makes it a more sustainable and reliable alternative for users seeking consistent returns in a volatile environment.

Since launching Huma 2.0 on Solana, the number of active wallet addresses on Huma has surged over 490% from 5,600 to 33,000 in just two weeks. This rapid growth demonstrates the appetite for real and sustainable yield.

Huma is now preparing to expand the PayFi network even further, with upcoming partnerships involving some of the world’s largest payment institutions.

For more information about Huma 2.0, and upcoming announcements, visit huma.finance.

About Huma Finance

Huma is the first PayFi (Payment Finance) network. It features an open-stack liquidity protocol with applications for key areas like cross-border payments, stablecoin-backed cards, and trade finance. The network addresses a total market estimated at over $30 trillion. Its mission is to accelerate the movement of money for a world that’s always on.

Contact

Oviri
Ejiro
Huma Finance
ejiro@huma.finance

Willemstad, Curaçao, April 25th, 2025, Chainwire

Whale.io, a leading crypto iGaming operator that operates multichain, is charging toward its highly anticipated $WHALE Token Generation Event (TGE). While the exact TGE date remains under wraps, the event is closer than ever, and Whale.io is making bold moves to build momentum. This week, the Whale crew is heading to TOKEN2049 in Dubai, the premier global crypto conference, as the official wristband sponsor. With a packed schedule of co-hosted side events, exclusive merchandise giveaways, and a vibrant social campaign, Whale.io is ready to introduce its thriving platform and upcoming token to the world’s crypto elite.

Making a Splash at TOKEN2049 Dubai

TOKEN2049 Dubai is expected to draw over 15,000 attendees, including Web3 entrepreneurs, investors, developers, and enthusiasts, making it the perfect stage for Whale.io to showcase its vision. As the wristband sponsor, Whale.io’s branding will be front and center, ensuring visibility across the conference. The team is also co-hosting and sponsoring several high-profile side events during TOKEN2049 Week, offering attendees immersive experiences to engage with the Whale brand. From exclusive parties to networking meetups, these events will highlight Whale.io’s innovative approach to crypto gaming and its community-driven token model.

Whale.io’s presence at TOKEN2049 goes beyond sponsorship. The team will be actively participating in side events, distributing exclusive Whale merchandise, and giving out Whale tokens to the crypto community. Attendees are encouraged to keep an eye on Whale.io’s social channels for an exciting social campaign launching during the conference. This campaign will offer sneak peeks into the $WHALE token’s utility, interactive challenges, and opportunities to win rewards, further amplifying anticipation for the TGE.

How to Get Involved with $WHALE Token Today

As Whale.io prepares for its TGE, the only ways to participate in $WHALE token distribution are through the platform’s engaging features. Players can earn tokens by spinning the Wheel of Whales, a play-to-earn game available on the WheelOfWhales.io website or via the Google Play Store app. Over 5.5 million players are already playing Wheel of Whales to farm tokens in a fun, engaging way. Alternatively, users can earn tokens in Whale.io by complete simple missions or collect tokens with Battlepass, which includes perks like freespins, exclusive merch, and Refer-a-Friend (RAF) earnings. These initiatives ensure that the Whale community is at the heart of the token’s pre-TGE phase and token holders are actual active community members.

In the coming days, Whale.io will unveil its Token Dashboard, a public-facing tool that will provide transparency into the $WHALE token’s distribution, providing utility and rewards. This dashboard will offer the crypto community a clear view of Whale.io’s commitment to fairness and accessibility, setting the stage for the landmark TGE.

What Sets the $WHALE Token Apart

Backed by an established digital entertainment platform, Whale.io, the $WHALE token benefits from integration within an active ecosystem and support from a dedicated community. Designed as the platform’s native token, $WHALE enables access to staking features, in-platform rewards, and various user functionalities. The recent token generation event (TGE) has attracted attention due to its alignment with a live platform and user-centric utility.

• A Successful Business Foundation: Whale.io is a proven all-in-one entertainment hub with a global user base. The $WHALE token is directly tied to the platform’s success, with utility as the platform’s native token, staking with multipliers, and other exclusive rewards. As Whale.io grows, so does the token’s demand and value.
• Earn & Burn Model: Whale.io is committed to reinvesting a percentage of business profits to buying back tokens from the market. This buyback program reduces circulating supply and drives token price. The more the community plays, the greater the revenue, and the more tokens are bought back and burned, creating a virtuous cycle.
• Gameplay Integration: $WHALE tokens will power unique gameplay experiences on Whale.io. Players can stake tokens for rewards, use them to access exclusive games, including new titles developed specifically for $WHALE token gameplay.
• Community-First Approach: Whale.io is taking a bold stance by disregarding venture capitalist (VC) and private funding rounds for the token launch. Instead, the $WHALE token is designed to empower retail investors and reward the community. By prioritizing accessibility, Whale.io aims to make its token a wealth-building opportunity for everyday players.
• Large and Engaged Community: With over 5.5 million Wheel of Whales players and a growing social presence, Whale.io has cultivated a vibrant community of token holders. Features like multiplayer gaming called Tribes, weekly competitions, and referral bonuses foster camaraderie and engagement, ensuring $WHALE has a loyal user base from day one.

A Token for the Future

The $WHALE token is more than a digital asset—it’s a gateway to Whale.io’s ecosystem, where gaming, community, and blockchain innovation converge. By tying the token to a real, revenue-generating business, Whale.io ensures its utility extends beyond speculation. Whether used for staking, gameplay, or exclusive perks, $WHALE is designed to deliver value to holders while supporting the platform’s growth.

As Whale.io prepares for its TGE in Q2 of 2025, the team’s presence at TOKEN2049 Dubai underscores its commitment to transparency and community engagement. The upcoming Token Dashboard will provide further clarity, allowing players and investors to track the token’s progress in real time.

Joining the Whale.io Movement

Whale.io invites crypto enthusiasts, gamers, and investors to join its journey at TOKEN2049 Dubai and beyond. Visit the conference, participate in social campaign, and follow Whale.io’s socials for updates on upcoming token. To start earning $WHALE tokens today, dive into Wheel of Whales, complete missions on the Whale Earn page, or claim tokens by playing games while having an active Battlepass at Whale.io.

About Whale.io

Whale.io is a multichain crypto casino and sportsbook, offering a secure, transparent, and rewarding gaming experience. With multi-currency support, up to 20% daily cashback, frequent rewards, and a vibrant community, Whale.io is redefining crypto gaming with innovative features like Battlepass and Tribes. The upcoming $WHALE token will further enhance the platform, empowering players and driving innovation.

Users can discover the future of Whale.io and $WHALE token by checking them out here:

Website: https://whale.io/

Socials: https://linktr.ee/whalesocials_tg

Contact

Whale Spokesperson
Whale.io
support@whale.io

Bangkok, Thailand, April 25th, 2025, Chainwire

Saison Capital, BRI Ventures, and Coinvestasi have officially launched Tokenize Indonesia, a new accelerator program aimed at identifying and supporting Real-World Asset (RWA) start-ups in the blockchain and tokenization space. The initiative seeks to drive innovation and adoption of tokenized assets in Indonesia, building on findings from the November 2024 report “Project Wira – Indonesia’s Asset Tokenization Opportunity”, which estimates a US$88 billion market potential for asset tokenization in the country.

Tokenize Indonesia will run from April to August 2025, and shortlisted start-ups will run Proof Of Concepts (POCs) with leading corporations across Indonesia, including financial institutions like Bank Rakyat Indonesia (BRI) and telecommunication providers like Telkom Indonesia. The program culminates in August when shortlisted start-ups will be showcased at Asia’s largest crypto festival, Coinfest Asia, on 21 – 22 August in Bali.

The launch announcement for Tokenize Indonesia was made at ONCHAIN 2025 – an annual conference led by Saison Capital, D3 Labs, Helix, and Emurgo – which brings together leading investors, founders, and leaders in the RWA industry across both traditional finance and fintech. This year over 500 people attended the event in Bangkok.

“At Saison Capital, we believe that blockchain technology and its widespread benefits are foundational in shaping the future of inclusive finance, transforming existing financial systems, and creating more equity for all. Despite the current market volatility, we remain active investors in blockchain startups solving real-world finance problems. It is crucial that we rally key partners to drive greater support for founders to solve existing challenges faced by corporations, and are glad to have found like-minded partners such as BRI Ventures and Coinvestasi,” said Qin En Looi, Partner at Saison Capital.

“As the venture arm of one of Indonesia’s leading financial groups, BRI Ventures is committed to continuously exploring and investing in transformative technologies that will shape the future of finance in Indonesia. Our goal is to foster meaningful collaboration between well-established financial institutions and innovative, fast-moving technology partners. By bridging these two worlds, we aim to catalyze sustainable growth, drive financial inclusion, and accelerate the adoption of digital assets across Indonesia, said Markus Liman Rahardja, Chief Investment Officer at BRI Ventures. 

“With over 20 million crypto users, Indonesia now ranks third globally in web3 adoption—clear evidence of a thriving ecosystem. We are witnessing rapid growth in developer talent, institutional engagement, and regulatory clarity, all laying the foundation for long-term progress. At Coinvestasi, our role is to connect the ecosystem: fostering dialogue, sharing insights, and enabling partnerships that drive the industry forward,” said Steven Suhadi, Founder of Coinvestasi.

Indonesia’s blockchain and tokenization ecosystem is evolving rapidly, supported by a tech-savvy demographic, an expanding middle class, a growing fintech sector, and increasing adoption of digital payment infrastructure. These factors are contributing to the foundational environment for blockchain-based innovations to emerge and scale.

Project Wira, a report developed by BRI Ventures, Saison Capital, D3 Labs, and Tiger Research, highlights blockchain’s potential to transform Indonesia’s financial ecosystem. 7% of Indonesia’s population own digital assets, far surpassing the 6.4 million stock investors on the Indonesia Stock Exchange (IDX), with more potential for greater adoption to come. Innovations have already been sprouting up in the areas of digital money, commodities, bonds, carbon credits, and real estate. The report estimates that demand for asset tokenization in Indonesia could reach US$88 billion by 2030.

For RWA start-ups interested in capturing the immense opportunity in Indonesia, users can apply to Tokenize Indonesia: https://tokenizeindonesia.com 

About Saison Capital

Saison Capital is an early-stage venture capital fund (pre-seed to Series B) with a focus on emerging markets. The firm backs ambitious founders at the pre-seed or seed stage and focuses on web3, fintech, and commerce. 

Operating from the Asia Pacific region but deploying capital on a global scale, Saison Capital harnesses Credit Saison’s extensive financial services operating background and resources across key markets, including Singapore, Indonesia, India, Vietnam, Thailand, Philippines, Cambodia, Japan, Brazil, and Mexico. Saison Capital is a wholly-owned subsidiary of Credit Saison. 

About BRI Ventures

BRI Ventures is the corporate venture capital arm of Bank Rakyat Indonesia (BRI), Indonesia’s largest and most inclusive bank. With a mission to drive innovation and financial inclusion, BRI Ventures invests in early to growth-stage startups that are reshaping the future of financial services, MSME empowerment, and the digital economy. Backed by BRI’s deep expertise in financial services and extensive reach, BRI Ventures provides not just capital, but also strategic support, market access, and collaborative opportunities to help visionary founders scale their impact across Indonesia and beyond.

About Coinvestasi

Coinvestasi is Indonesia’s top Web3 and crypto media platforms, reaching 4M+ users monthly. As part of Indonesia Crypto Network (ICN)—the parent company behind major initiatives like Coinfest Asia— Coinvestasi connects global projects with local audiences and drives Web3 adoption across the ecosystem.

Contact:

Looi Qin En

Saison Capital

qinen@saisoncapital.com

Contact

Andrew Cheong
Saison International
andrew.cheong@saison-international.com

Covent Garden, UK, April 24th, 2025, Chainwire

FLock.io, the private AI training platform, has announced a collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, to harness Alibaba Cloud’s Large Language Model(LLM) Qwen and cloud technologies to create advanced AI models for both domain-specific and general purposes.

Under the collaboration, FLock.io will create various AI models utilizing infrastructure and products from Alibaba Cloud. In the future, both sides will leverage their technical expertise to explore research opportunities and use cases in AI fields.

Beyond technical integration, FLock.io will cooperate with Alibaba Cloud to facilitate joint research initiatives, leveraging the collective knowledge and resources to explore new applications in both centralized and decentralized artificial intelligence.

“Partnering with Alibaba Cloud’s Qwen represents a transformative step forward for FLock.io. By leveraging the strengths of blockchain technology and federated learning, we are creating an environment where secure, privacy-preserving model training can drive real-world innovation,” said Jiahao Sun, Founder and CEO of FLock.io. “This collaboration goes beyond merely constructing superior AI models; it represents decentralized AI and blockchain technology successfully penetrating traditional AI sectors and achieving their product-market fit.”

Qwen, developed by Alibaba Cloud, is one of the most advanced open-source LLMs available today. Since its debut in April 2023, Qwen has been adopted by over 290,000 enterprises across industries, from automotive, manufacturing, and finance to gaming, healthcare, and robotics. Accessible via Alibaba Cloud’s generative AI development platform Model Studio, Qwen has been embraced by global businesses and developers.

About FLock.io

FLock.io is the first decentralized AI training platform, combining Federated Learning and blockchain to revolutionize AI development. It enables secure, privacy-preserving training without centralizing data, allowing communities to collaboratively create, train, and own AI models.

FLock.io’s ecosystem consists of three key components: AI Arena, a platform for competitive model training; FL Alliance, a privacy-focused collaboration framework that enhances models while preserving data sovereignty; and Moonbase, a decentralized platform that hosts and refines AI models, rewarding contributors and driving the growth of the DeAI ecosystem.

Users can learn more at FLock.io.

Contact

Ops Lead
Leo
FLock.io LTD
hello@flock.io

DUBAI, UAE, April 24, 2025 /PRNewswire/ — The Blockchain for Good Alliance (BGA),  a global non-profit initiative, together with United Nations Development Programme (UNDP) and EMURGO Labs, has launched the SDG Blockchain Accelerator — a global effort aimed at harnessing blockchain-powered social impact initiatives across the UN Sustainable Development Goals (SDGs). This program aims to equip UNDP personnel and partners with the knowledge, technology, support, and mentorship necessary to develop, pilot, and scale blockchain-based solutions addressing real-world economic development challenges.

Supported by a global network of industry experts, this multi-year accelerator will onboard two cohorts annually, each running for a four month period, focusing on capacity building, solution development, and ecosystem growth. Leveraging Cardano’s infrastructure and EMURGO Labs’ expertise, the program will deliver up to 40 blockchain solutions aligned with the SDGs, create an open-source resource hub, and promote cross-chain collaboration to broaden the impact of blockchain across the development sector.

Led by BGA Managing Partner Glenn Tan and members of the UNDP AltFinLab, the collaboration will span five global regions, offering funding and strategic support to blockchain projects tackling challenges across the 17 SDGs.

“At UNDP, we believe blockchain is not just a technology — it is a transformative force capable of reshaping how we address humanity’s most pressing challenges. This accelerator program is more than an initiative; it is a call to action for innovators worldwide to harness blockchain’s power to drive sustainable development. By fostering bold collaboration and leveraging its transparency and efficiency, we are paving the way for groundbreaking solutions that can uplift communities globally,” commented Teodor Petricevic, UNDP Accelerator Lead.

As a founding supporter of the Blockchain for Good Alliance, Bybit has worked closely with BGA across various initiatives to promote the use of blockchain for public good. Through its “Bybit Pool” initiative, the crypto exchange has committed US$1 million in funding to support EthicHub, a blockchain platform empowering and enabling smallholder farmers. This contribution supports ethical financing models and showcases blockchain’s potential in building transparent supply chains.

Expanding Impact Across Europe

BGA marked a significant milestone in January 2025 with its formal expansion into Europe, joining the UNDP Brussels Roundtable “Empowering the Future: A Strategic Dialogue on Emerging Technologies and Impact Entrepreneurship in the Western Balkans”. The roundtable brought together 30 key delegates from the UNDP, European Commission, top Web3 foundations, tech hubs, and policy think tanks — including the Ethereum Foundation, Solana Labs, Stellar Development Foundation, Algorand Foundation, Cardano Foundation, Celo, Metis, Cotrugli Business School, Science Technology Park Belgrade, BlackVogel, and the World Metaverse Council.

As part of its broader European strategy, BGA is actively engaging in grassroots initiatives, forging strategic partnerships, and contributing to high-level policy dialogues. With blockchain increasingly recognized as a catalyst for transparent, inclusive, and sustainable development, BGA welcomes collaboration with like-minded organizations to advance real-world solutions and establish blockchain as a pillar of digital equity and innovation across the continent.

#Bybit / #TheCryptoArk / #BGA

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

About Blockchain for Good Alliance (BGA)

The Blockchain for Good Alliance (BGA) is a long-term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.

For more information

Email: hello@chainforgood.org

Website: www.chainforgood.org

Twitter: www.x.com/chainforgood

About UNDP

UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and the planet.

Learn more at www.undp.org

Panama City, Panama, April 23rd, 2025, Chainwire

Hermetica, the Bitcoin-backed stablecoin issuer, has announced the launch of Hermetica 2.0. This significant upgrade introduces a redesigned application interface focused on institution-grade usability while upholding the uncompromising security principles of Bitcoin. Hermetica 2.0 also delivers unprecedented real-time transparency into the mechanics of its stablecoin.

This update will go live on April 23, 2025, at 10 am ET.

Hermetica 2.0 delivers a redesigned app interface focused on user-friendly, institution-grade usability, secured by Bitcoin’s robust technology. The update provides unprecedented real-time transparency through new dashboards displaying USDh’s reserve backing, trading venues, supply, and APY. In-app swaps of sBTC and Stacks assets for USDh are now possible via Bitflow, streamlining access to Bitcoin-backed DeFi. Hermetica 2.0 establishes a new benchmark for transparency and user experience in the Bitcoin stablecoin space, offering simpler and fully auditable financial tools.

“With Hermetica 2.0, we’ve completely reimagined the stablecoin experience—bringing the usability of modern finance to Bitcoin, without compromising on its core principles,” said Jakob Schillinger, CEO of Hermetica. “This release delivers institutional-grade performance with full visibility into what backs your USDh, where it’s traded, and what it’s earning, all from a clean, intuitive interface.”

“Building upon key technical innovations, apps on Stacks are now entering a growth phase where user experience and trust are key,” commented Mitchell Cuevas, Stacks Foundation. “Hermetica is demonstrating this evolution, positioning USDh to become a major player in the future of Bitcoin DeFi.”

About Hermetica

Hermetica is the creator of USDh, the first Bitcoin-backed, yield-bearing synthetic dollar designed for Bitcoin-native DeFi. With USDh, you can earn up to 25% APY on your dollars, all within the Bitcoin ecosystem. Our team brings decades of experience from leading crypto companies, including Kraken, to help build the future of Bitcoin finance.

Learn more: https://www.hermetica.fi/ 

Contact

Market Across
pr@marketacross.com

Zug, Switzerland, April 23rd, 2025, Chainwire

Keycard, a hardware wallet company backed by the Status team, is proud to announce the pre-sale launch of Shell, a revolutionary, fully open-source hardware wallet. Designed with modularity, transparency, and uncompromising security at its core, Shell enables users to seamlessly manage multiple wallets through interchangeable smart cards—called Keycards—for enhanced convenience and safety.

Early supporters can now pre-order Shell bundled with two Keycards at a discounted rate and gain access to exclusive pre-launch rewards ahead of its global release in October 2025.

Redefining the Hardware Wallet Architecture

Current hardware wallets often market themselves as transparent and open source, yet many lack true transparency in their designs—relying on closed-source components, exportable keys, or upgradeable secure elements that weaken user trust. Shell sets a new benchmark in wallet architecture.

“Hardware wallets need a complete rethink,” says Guy-Louis Grau, Project Lead at Keycard. “Users rarely realize that most hardware wallets allow private keys to be exported outside secure elements or rely on upgradable secure elements—both of which compromise the integrity and transparency of the device.”

Shell is powered by Keycard, an EAL6+ certified, open-source smart card that signs transactions and stores keys internally—ensuring they never leave secure hardware. Moreover, Keycard firmware is not upgradable by design, providing long-term assurance that the device behavior will never change post-manufacture.

Shell: Built for Transparency, Security, and Control

Shell is about more than security, it’s designed for those who demand verifiable control over their hardware and digital assets:

• 100% Open Source: Every layer—from chip software to hardware layout and 3D-printable casing—is verifiable and customizable, exceeding the transparency of leading competitors.
• Multiple Stealth Smart Cards: Users can store multiple seed phrases, or use backup cards safely—even if one card is lost, others remain secure.
• Air-Gapped Operation: Users can sign transactions safely using Shell’s integrated camera and QR-code interface—no USB, Bluetooth, or Wi-Fi connection to devices required.
• Duress PIN Support: Defends against physical coercion with a second PIN.
• Cross-Wallet Compatibility: Works seamlessly with major EVM and Bitcoin wallets like MetaMask, Rabby, BackPack,imToken, UniSat, BlueWallet and more using QR-based signing.
• Future-Proof Design: Easily replaceable battery extends the device life, and upgradable Keycards mean Shell adapts as cryptographic standards evolve—unlike most competitors.

Pre-Sale now Live: Limited Perks for Early Adopters

Customers who join the pre-sale will receive:

• A discounted Shell bundle with two Keycards
• Status Network KARMA rewards for participating in the growing ecosystem

️To reserve a Shell wallet and secure pre-launch rewards, users can join the pre-launch at: https://keycard.tech/keycard-shell 

About Keycard

Keycard is a proud subsidiary of Status, a pioneer in the crypto industry known for its trusted products like the Status mobile wallet. With a focus on security, privacy, and user empowerment, Keycard continues to build hardware solutions that meet the evolving needs of the global crypto community.

Users can visit https://keycard.tech/keycard-shell 

Contact

PR
Laura Guzik
Status
laura@status.im