NEW YORK, July 21, 2025 /PRNewswire/ — Monarq Asset Management (“Monarq”), a leading multi-strategy investment firm formerly known as MNNC Group, is pleased to announce the appointment of Sam Gaer as Chief Investment Officer to lead its Directional Investment Strategy. With over 25 years of leadership experience across institutional trading, market infrastructure, and systematic asset management, Sam Gaer brings deep expertise to support Monarq’s next phase of growth.
Following a decade of success in delta-neutral and market-making strategies, Monarq is expanding its directional capabilities to capture a broader range of risk-adjusted returns. The strategy emphasizes high-conviction themes, asymmetric exposures, and tactical volatility overlays—positioning the firm to navigate evolving market conditions with precision.
Monarq’s Directional Strategy has delivered strong performance year-to-date, adhering to disciplined risk and capital allocation. Backed by global institutional capital across its USD and BTC-denominated funds, Monarq is now scaling access to Directional as a complementary source of absolute returns within its platform.
“We’re excited to welcome Sam to the team,” said Shiliang Tang, CEO and Managing Partner. “His leadership enhances our ability to compound asymmetric returns and anticipate key catalysts in the digital asset space.”
Mr. Gaer previously co-managed BlockTower Capital’s flagship fund and founded Katana Financial, a leading systematic trading firm. He also served as CIO at FINRA and EVP/CIO at NYMEX, where he led major technological transformations and strategic initiatives. He holds a degree in Corporate Finance from the Wharton School of the University of Pennsylvania.
About Monarq Asset Management
Monarq Asset Management, formerly MNNC Group, is a multi-strategy digital asset investment manager focused on generating consistent, risk-adjusted returns through all market conditions. Managed by former executives from firms such as LedgerPrime, Tower Research, and BlockTower Capital, the team offers extensive experience in quantitative trading, volatility strategies, and digital market structure.
Media Contact: [email protected]
Hong Kong, PCR, July 18th, 2025, Chainwire
MultiBank Group, a global financial derivatives institution, is proud to announce that its $MBG Token will be listed on two new major global cryptocurrency exchanges, MEXC and Gate.io, on the day of its official Token Generation Event (TGE), July 22, 2025, in addition to MultiBank.io and Uniswap.
The $MBG Token will go live on:
- MultiBank.io
- Gate.io
- MEXC
- Uniswap
This new dual listing will allow millions of users across both exchanges to seamlessly access and trade $MBG using their existing accounts, ensuring immediate market participation at launch.
The Token Generation Event (TGE) is now approaching following the successful completion of two pre-sale rounds, where MultiBank Group issued 7 million tokens in Round 1 and 3 million tokens in Round 2 — both of which sold out within minutes.
Naser Taher, Chairman and Founder of MultiBank Group said “With $MBG, we’re introducing a utility token built to deliver real-world value, transparency, and long-term trust. This is a major step in our mission to merge traditional finance with blockchain on a global scale”.
Backed by $29 billion in real assets across MultiBank Group’s four pillars, including a groundbreaking Real-World Asset (RWA) tokenization initiative that launched with $3 billion in luxury real estate in partnership with MAG and is set to scale to $10 billion, and integrated into a robust financial ecosystem boasting over $35 billion in daily trading volume, the $MBG Token is engineered to deliver real utility, transparency, and institutional-grade credibility.
Users can stay Connected:
Website: token.multibankgroup.com
Telegram: t.me/MultiBank_io/1
Twitter: @multibank_io
About MultiBank Group
MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, users can visit MultiBank Group’s website.
Contact
Mr
Nikolas Neofytou
MultiBank Group
[email protected]
NEW YORK, United States, July 18th, 2025, Chainwire
GSR, crypto’s capital markets partner, today announced an investment and strategic partnership with MEI Pharma, Inc. (NASDAQ:MEIP) (“MEI”), in which it will serve as both strategic advisor and digital asset treasury manager. The $100 million private investment in public equity (PIPE) into MEI represents a significant step toward institutionalizing Litecoin as a treasury asset.
GSR will work closely with Litecoin (LTC) creator Charlie Lee, who brings deep technical credibility and a long-term perspective on Litecoin’s evolution, with support from the Litecoin Foundation. Lee and a GSR appointee will also join MEI’s Board of Directors. This initiative follows MEI’s previously announced review of strategic alternatives and reflects its new mission in alignment with both the Litecoin Foundation and GSR’s digital asset management platform.
“Litecoin has consistently delivered a stable, low-cost, and accessible network for over a decade,” said Charlie Lee, creator of Litecoin. “With leading global transaction volume on platforms like BitPay, Litecoin is trusted by users and integrated across retail and payments. This partnership with GSR and MEI brings that utility and mission into an institutional setting for the first time.”
MEI’s leadership is driving this strategic shift, viewing the partnership as a bridge between public markets and crypto-native innovation. With GSR serving as asset manager and execution partner, MEI will be well-positioned to manage LTC as a treasury asset.
“This initiative represents the first time a public company is aligning its treasury strategy with Litecoin at an institutional level,” said Joshua Riezman, US Chief Strategy Officer, GSR. “It reflects rising institutional confidence in LTC’s credibility, resilience, and regulatory clarity.”
“There is already meaningful institutional interest in Litecoin, but few mechanisms exist to access it in a secure and structured way,” said Quynh Ho, Head of Venture Investment, GSR. “This investment is designed to close that gap by enabling access to an asset with remarkable staying power.”
With GSR as an investor, strategic advisor, and asset manager, the collaboration creates potential momentum for LTC’s future growth in decentralized finance. GSR’s broader involvement in the space, including the incubation of the Polygon-based protocol Katana, highlights its expertise in supporting emerging ecosystems.
Charlie Lee and GSR acted as lead investors, alongside participation from the Litecoin Foundation and prominent crypto venture capital firms and infrastructure providers, including Mozayyx, Parafi, HiveMind, Primitive, RLH Capital, Delta Blockchain, and CoinFund, among other financial institutions.
GSR continues to invest in the broader digital asset ecosystem, offering capital solutions, liquidity, and strategic advisory services to partners at all stages of growth.
About GSR
GSR is crypto’s capital markets partner, delivering market-making, institutional-grade OTC trading, and strategic venture backing to founders and institutions. With more than a decade of experience, we provide strategic guidance, market intelligence, and access to a global network to help teams scale.
Users can follow GSR on X or visit www.gsr.io for more information.
Contact
VP Public Relations
Haley Malanga
GSR
[email protected]
VICTORIA, Seychelles, July 18th, 2025, Chainwire
On July 18, 2025, the leading global cryptocurrency exchange KuCoin officially announced the listing of xStocks and that they are joining the xStocks alliance. xStocks are tokenized stocks powered by the Swiss-based company Backed. This launch marks a significant step forward in KuCoin’s expansion of multi-asset allocation capabilities.
The first batch of supported assets includes SPYx (S&P 500 ETF), CRCLx (Circle), TSLAx (Tesla), MSTRx (MicroStrategy), and NVDAx (NVIDIA)—all tokenized equities backed 1:1 by real stocks held in secure, bankruptcy remote collateral accounts, and issued on the Solana blockchain.
Capturing a Dual-Cycle Growth Opportunity: Bridging Traditional and Crypto Assets
On July 10, 2025, NVIDIA became the first publicly listed company to surpass a $4 trillion market capitalization. Just days later, on July 14, Bitcoin reached an all-time high, breaching $120,000 for the first time.
As traditional equities and crypto assets simultaneously enter bullish territory, xStocks offer global investors a new paradigm of portfolio construction—”with tokenized NVIDIA in one hand, Bitcoin on the other.”
As the first USDT-denominated tokenized equity platform accessible in the largest number of countries and regions, KuCoin’s listing of xStocks opens a low-barrier, highly efficient, and transparent investment gateway, empowering users to seamlessly move between top US equity exposure and crypto assets.
A Truly Global Asset Allocation Platform: Empowering Long-Term User Value
As one of the most internationally accessible crypto trading platforms, KuCoin currently serves over 41 million users across 200+ countries and regions. Committed to user asset safety and long-term value creation, KuCoin continues to build a comprehensive, sustainable, and robust product ecosystem designed to empower global investors.
The xStocks product line is grounded in transparency and composability, with the following structural safeguards:
- Each tokenized asset is fully backed 1:1 by real stocks held in third-party regulated custodian banks, in a bankruptcy remote structure.
- Tokens are issued under an approved EU prospectus and tokenized following the Swiss DLT Act.
- Token holders have the primary claim to the value of any held collateral.
- Proof of Reserves, powered by Chainlink, coming soon for xStocks.
Supporting Capital Flexibility via Strategic Allocation and Execution Infrastructure
The launch of xStocks enhances capital efficiency and portfolio agility for crypto-native users, while also providing new tools to balance risk and reward across market cycles:
- Flexible allocation, diversified exposure: Users can tailor portfolios to their risk preferences by allocating between exposure to US ETFs, high-growth tech stocks, and digital assets—blending conservative and aggressive strategies.
- Unified trading, frictionless switching: Through KuCoin’s account, users can effortlessly swap between tokenized stocks and crypto using USDT, without fiat onramps or platform switching. A true one-account solution for global multi-asset investing.
BC Wong, CEO of KuCoin, commented: “At KuCoin, we are dedicated to building a secure and trustworthy investment platform centered on user asset protection and long-term value growth. The launch of xStocks is not only a key extension of our global asset offering—it’s a strategic milestone in bridging traditional finance and the Web3 ecosystem. Moving forward, we will continue expanding quality listings and refining the user experience, helping investors capture global growth opportunities—all in one account.”
About KuCoin
Founded in 2017, KuCoin has established itself as one of the most globally recognized and reliable cryptocurrency platforms, built on a robust and secure foundation of cutting-edge blockchain technology, liquidity solutions, and enhanced user account protection.
With over 41 million users across 200+ countries and regions, KuCoin is committed to empowering the digital economy by providing secure, innovative, and compliant solutions tailored to meet the needs of its global community. KuCoin offers access to 1,000 digital assets and a diverse range of digital assets solutions, including web3 wallet, Spot trading, Futures Trading, institutional wealth management services, and payments.
KuCoin’s dedication to excellence has garnered prestigious recognitions, such as being named among Forbes’ “Best Crypto Apps & Exchanges” and one of the “Top 50 Global Unicorns” by Hurun in 2024. KuCoin has successfully achieved SOC 2 Type II and ISO 27001:2022 Certifications, which provide a structured approach to managing information security, covering aspects like risk management, access control, data governance, and incident response.
In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion, underscoring its legitimacy and stability in the rapidly evolving digital finance landscape.
Under the leadership of its new CEO, BC Wong, KuCoin reaffirms its commitment to global growth, innovation, and meeting the highest standards of security and regulatory compliance. As a trusted and forward-looking platform, KuCoin strives to deliver a secure, transparent, and reliable ecosystem for users to thrive in the digital economy.
About Backed
Founded in 2021, Backed is the leading issuer of compliant tokenized equities and ETFs, including the innovative xStocks line of products. Backed’s products are freely transferable ERC-20 and SPL tokens compatible with Ethereum and Solana DeFi ecosystems. For more information, users can visit https://backed.fi/
Contact
KuCoin Media Contact
[email protected]
New York, USA, July 17th, 2025, Chainwire
In a live financial television interview, Streamex CEO Henry McPhie unveiled new details surrounding the company’s strategic merger with BioSig Technologies (NASDAQ: BSGM), which officially positions Streamex as one of the first publicly traded real-world asset (RWA) tokenization companies focused on the $142 trillion commodities market.
The interview aired just days after the highly anticipated Circle IPO, which McPhie noted has signaled a “very bullish market for crypto-related stocks.”
“We were lucky to get to the market even before the Circle IPO,” said McPhie. “With our merger with BSGM, we’ve brought Streamex to the Nasdaq, allowing us to deliver a truly innovative public vehicle for commodities tokenization.”
The newly merged entity aims to bring real-world commodities on-chain through financial products tailored specifically to the unique dynamics of the sector. According to McPhie, the company’s mission centers on the democratization of capital and efficiency of assets — two core principles enabled by blockchain tokenization.
“With tokenization, we can create financial instruments that don’t exist today in the commodity space,” he added. “It’s about unlocking value, liquidity, and access.”
Backing this mission are key industry veterans now serving as advisors, including:
- Shaun Rosen, founder of what was once North America’s largest mining operation (Osoco Mining)
- Frank Giustra, a serial entrepreneur who has built multiple companies exceeding $50 billion in combined valuation
Streamex is fully regulated in Canada and is actively pursuing U.S. broker-dealer registration to further solidify its presence in North America’s financial markets.
“As a first mover in this space, we’re paving the path for commodity tokenization to go mainstream — bringing novel, efficient assets to public investors,” said McPhie.
About Streamex
Streamex is building the future of real-world asset (RWA) tokenization, with a focus on commodities and hard assets. The company’s mission is to create financial instruments that bring efficiency, liquidity, and broader access to global markets through blockchain-based innovation.
Contact
Michael Pell
Phoenix Media
[email protected]
San Francisco, CA, July 17th, 2025, Chainwire
Crowdsourced Hedge Fund Announces Strategic Token Buyback as Meta Model Leads Amid AUM Growth
Numerai, the decentralized hedge fund powered by crowdsourced machine learning, today announced plans to buy back $1 million of its token, Numeraire (NMR), from the open market. The buyback reflects Numerai’s continued investment in its staking ecosystem, a mechanism that aligns thousands of global data scientists with the long-term performance of its hedge fund.
Over the past year, Numerai has more than doubled its assets under management (AUM), growing from approximately $173 million to over $441 million. The fund now trades more than $1 billion per month across over 30 global markets, relying on machine learning models crowdsourced from a global network of data scientists who stake NMR on their predictions.
Each week, thousands of data scientists submit predictions to Numerai’s tournament and stake NMR on their models’ performance. These stakes encourage aligned, high-quality contributions to the hedge fund, and it’s working. Numerai’s Stake-Weighted Meta Model, an ensemble of user models weighted by their NMR staked, has consistently outperformed individual models, reinforcing Numerai’s incentive-aligned approach to collective intelligence.
“The success of our Stake-Weighted Meta Model speaks for itself: it’s outperformed every individual model over the past year. As our AUM grows and top institutional allocators join us, the role of NMR has never been more critical,” said Richard Craib, Founder and CEO of Numerai.
But as Numerai’s ecosystem has matured, NMR has become scarce. With a fixed supply capped at 11 million, and roughly 3 million NMR remaining in Numerai’s treasury, the company has limited capacity to continue distributing staking rewards at historical levels. The company says the buyback will help underscore its long-term commitment to its participants and maintain economic stability.
The buyback will be executed gradually to ensure transparency. Orders will be placed at or near prevailing bid prices, allowing the program to unfold gradually over time. The full explanation behind the buyback can be found on Numerai’s newly launched blog.
About Numerai
Founded in 2015, Numerai is a San Francisco-based hedge fund that crowdsources stock market predictions to solve the hardest problem in finance. The fund is powered by thousands of data scientists globally who can stake NMR on their models and contribute to a crowdsourced Meta Model used in live trading.
Contact
Press Contact
Lindsay Smith
Numerai
[email protected]
Singapore, Singapore, July 17th, 2025, Chainwire
-Much Doge. Such Utility. Very Treasury.-
-First publicly listed company on a major US exchange to accumulate Dogecoin as a core asset-
Bit Origin Ltd (NASDAQ: BTOG) (“Bit Origin” or the “Company”), today announced that it has entered into agreements with accredited investors for the sale of up to $400 million in Class A ordinary shares and up to $100 million in convertible debt to launch the Company’s Dogecoin (“Doge”) treasury strategy.
- Bit Origin expects to become one of the largest publicly traded Doge holders
- Strategy aims to deliver long-term value through increasing Doge-per-share
- Reflects the Company’s hope in potential Doge integrations into payment layers, such as X Money
“Bit Origin is evolving beyond mining infrastructure to engage directly in the value and utility of digital assets,” said Jinghai Jiang, CEO and Chairman of Bit Origin. “What started as a joke has evolved into a globally liquid asset with a payments utility. Few digital assets rival Doge’s settlement speed and scale of community, which continues to drive adoption across peer-to-peer payments and online commerce.”
“We hope Doge’s performance and community make it a natural fit for X Money, as Elon Musk advances his vision for X as a global super-app,” continued Jiang. “In an age of broken institutions, Doge embodies a shared culture of optimism and resilience that transcends existing political and financial systems.”
Bit Origin’s accumulation of Doge reflects the Company’s conviction in the network’s grassroots strength and payment utility, driven by low fees and merchant acceptance. Building on its infrastructure roots, Bit Origin plans to explore miner-facing services, payment applications, and other value-generating operations within the Doge ecosystem.
The Company has completed an initial closing of $15 million under the convertible debt facility and intends to use a significant portion of the proceeds for its initial Dogecoin acquisition.
Chardan acted as the placement agent in connection with the funded facility from ATW Partners.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s current report on Form 6-K dated July 17, 2025.
About Bit Origin Ltd
Bit Origin Ltd is an emerging growth company operating in the United States and engaged in the cryptocurrency mining business. The Company is also actively deploying blockchain technologies alongside diversified expansion strategies.
For more information, users can visit https://bitorigin.io.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
Contact
Chairman of the Board, CEO, and COO
Mr. Jiang Jinghai
Bit Origin Ltd
[email protected]
Mahé, Seychelles, July 16th, 2025, Chainwire
Aster, the next-generation decentralized perpetual exchange (perp DEX) backed by YZi Labs, is once again pushing the frontier of DeFi innovation with the launch of a new asset type on Aster Pro: stock perpetual contracts.
Traders can now gain leveraged, permissionless exposure to leading U.S. stocks including Amazon (AMZN), Apple (AAPL), Alphabet (GOOG), Meta (META), Microsoft (MSFT), NVIDIA (NVDA) and Tesla (TSLA), with more blue-chip names to follow. This makes Aster one of the few global perp DEXs to offer stock-based perpetual futures – giving users the power to diversify into equities without compromising on custody, privacy, or speed.
24/7 Trading of Stock Perps with up to 50x Leverage
Unlike traditional brokers bound by red tape, limited trading hours, and custodial control, Aster delivers decentralized access to global equity markets 24/7, without requiring any intermediaries. Users can enter positions anytime, anywhere with up to 50x leverage – no signups, no paperwork, no gatekeeping.
While liquidity may be lower outside of traditional U.S. stock market hours, as this reflects the current structure of global equity markets, traders are still able to manage smaller positions on Aster during this period. During Wall Street’s active hours, Aster’s deep liquidity pools kick in, offering smoother fills and efficient execution.
With NASDAQ’s plan for 24/5 trading in the near future, traders will get to experience longer trading hours on Aster with deep liquidity and smooth execution as well.
“Aster is about breaking down barriers whether that’s asset types, market hours, or outdated trading infrastructures,” said Leonard, CEO of Aster. “With decentralized stock perpetual contracts, we’re opening the doors for crypto traders to access the biggest U.S. equities with the privacy and speed they deserve.”
Deep Liquidity And Secure Pricing via Pyth Network
Similar to other perpetual contracts on Aster Pro, Aster’s stock perpetuals are derivative contracts that let traders speculate on the price of the underlying asset, without the need for real-world custody. Pricing data for these contracts is derived directly from Pyth Network, where an aggregated price is generated from active quotes contributed by multiple independent publishers. This ensures reliable and tamper-resistant feeds for stock contracts and all other Aster perpetual contracts. Traders will also benefit from Aster’s high-speed matching engine and integrated liquidity that have made Aster the global second perp DEX by trading volume.
Whether traders are hedging a portfolio or betting on short-term moves, Aster stock perps offer unmatched versatility. For example, a user holding TSLA stock off-chain can short TSLA/USDT on Aster with leverage to hedge downside exposure in volatile markets – all without centralized intermediaries, using permissionless trading.
Built for Traders, by Traders
This launch marks a major milestone in Aster’s mission to bridge traditional finance and DeFi without compromise. From a record-breaking first half of 2025 with over $58 billion in trading volume and the roll out of features like Aster Mobile app, to unveiling Hidden Orders, and Aster Chain Beta (a high performance ZK-powered L1 with privacy focus for perpetuals), Aster continues to elevate what DeFi can deliver with the launch of stock perpetual contracts.
As the convergence of TradFi and DeFi continues to gain traction worldwide, Aster is leading the charge, combining the hallmark privacy and composability of DeFi with new asset opportunities.
Users can start trading U.S. equities with crypto and leverage, with the freedom and flexibility that only Aster offers.
About Aster
Aster is a next-generation decentralized perpetual exchange built for everyone. It offers MEV-free, one-click trading for crypto with up to 1001x leverage in Simple Mode (BNB Chain, Arbitrum), and advanced tools including Hidden Orders, grid trading, and stock contracts in Pro Mode (BNB Chain, Ethereum, Solana, Arbitrum). Aster Chain is a high-performance blockchain engineered to deliver private and non-custodial onchain orderbook trading. Backed by YZi Labs, Aster is building the future of DeFi: fast, flexible, and community-first.
Users can learn more at the Aster official website, or connect with Aster on the official X account.
Contact
Kathy
Aster
[email protected]
London, United Kingdom, July 16th, 2025, Chainwire
Over 110 LANDs and 220 avatars go live in the metaverse’s most IP-rich auction to date, all powered by GBM’s Win-Win protocol.
The Sandbox, the leading social gaming metaverse, is partnering exclusively once again, with GBM Auctions to launch its largest set of auctions for LAND to date. The drop includes 110 LANDs (including 4 Estates exclusive to this sale) and 220 branded avatars across 22 IPs, all distributed via GBM Auctions’ Win-Win auction protocol.
In a first for The Sandbox, auctions will precede its own platform sale, highlighting a shift in how LAND is brought to market and underscoring GBM’s role as the auction layer for Web3-native asset distribution.
A Fairer and More Transparent Way to Buy LAND
Traditional NFT sales often reward speed or capital, using first-come-first-serve mechanics or gas wars. GBM’s Win-Win model changes the experience by rewarding every participant rather than just the final buyer.
With GBM’s Win-Win auction model, even outbid participants are rewarded. Every bid:
- Is fully refunded if outbid
- Comes with an incentive reward based on auction mechanics
- Contributes to true, onchain price discovery
The Win-Win model flips the typical auction dynamic on its head. Instead of punishing latecomers or smaller bidders, it turns participation itself into a value-generating act, transforming auctions from winner-takes-all battles into high-engagement, trustless events where every bid matters and every bidder benefits.
“We’re thrilled to bring this expanded LAND auction to our community for the Training Grounds LAND sale through GBM. Their Win-Win Auction model offers a new, gamified way for people to enter the ecosystem and build the metaverse with us. ”
– Cédric Neumann, The Sandbox NFT Sales Director
“This is the biggest LAND and avatar sale we’ve hosted with The Sandbox, and a blueprint for how branded assets should be distributed in the open metaverse.”
– Hugo McDonaugh, Co-Founder & CEO, GBM
What’s in the Drop
The auction will feature 80 regular LANDs, 26 premium LANDs, and four estates, including three 3×3 plots and one 6×6 estate; the estates are exclusively available through GBM and not sold on The Sandbox’s platform. In addition to the LAND, this drop includes 220 avatars from 22 different brands, with 10 avatars per brand available via auction. Participating IPs include well-known names like Cirque du Soleil, with more to be revealed during the campaign.
Timeline and Activation
The Sandbox and GBM kicked off proceedings by co-host a live X Space on 14 July, featuring NFT Sales Director Cédric Neumann, Stream Product Owner PandaPops, and GBM Co-Founder Hugo McDonaugh, who discussed the drop and how the Win-Win auction model works. Users can check out the recording of the Spaces here.
The X Space was followed by The Sandbox’s blog post and email campaign to its whole community base.
The auctions officially went live on 15 July at 2:00 PM UTC and is running for seven days, closing on 22 July. All auctions are primary listings only; assets aren’t available through open marketplaces or secondary resale during this campaign.
Why This Drop Matters
This is the first time The Sandbox is leading with auctions before launching the public sale on its own platform, a shift from its typical sales sequence. Estates included in this drop are also exclusively available via GBM, making them inaccessible through any other marketplace or channel. With avatars and LANDs from more than 20 brands, this is one of the most multi-dimensional and IP-rich activations to date. Powered by GBM’s protocol-native incentive system, the drop ensures every bidder receives value, not just the final winner.
How to Join the Auction
To view and participate in the auctions, once live, users can visit:
All auctions will use GBM’s Win-Win model, ensuring every bid counts, and every participant receives value, even if they’re outbid.
About GBM Auctions
GBM is the auction protocol redefining how value is distributed onchain. At the heart of GBM is its innovative Win-Win auction model, which rewards every participant, not just the winner. This sets a new standard for price discovery and value alignment across Web3. GBM has powered over $200M in volume and distributed more than $6M in rewards to date.
About The Sandbox
The Sandbox, a subsidiary of Animoca Brands, is an immersive metaverse platform in which users play, create, and monetize unique experiences alongside their favorite brands, IPs, and celebrities across gaming, entertainment, music, art, and more. The Sandbox leverages web3 technologies to fully enable end-user creation and creator economies, disrupting existing platforms by providing both players and creators with true ownership of their assets, creations, and rewards as non-fungible tokens (NFTs). Over 400 partners have joined The Sandbox, including Warner Music Group, Gucci, Ubisoft, Paris Hilton, The Walking Dead, Snoop Dogg, Attack on Titan, Lacoste, Steve Aoki, The Smurfs, and many more. For more information, users can visit www.sandbox.game and follow the regular updates on Twitter, Medium, and Discord.
Disclaimer – The GBM token is a utility token for participation in the GBM ecosystem. It is not an investment, security, or financial product. Participation in the GBM IDO does not guarantee profits or returns.
Contact
Head of Marketing
Jake Scott
GBM Auctions
[email protected]
Victoria, Seychelles, July 16th, 2025, Chainwire
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of ESUSDT-M perpetual futures trading, effective July 16, 2025 (UTC+8). The contract supports a maximum leverage of 20x and is now available for trading via Bitget’s website and mobile application.
The ESUSDT-M contract is settled in USDT and features a tick size of 0.0001. Trading is available 24/7, with funding fees settled every four hours. Bitget’s integrated support for trading bots enables users to automate strategies and respond to market movements more efficiently within the ESUSDT market.
As with all futures products on Bitget, trading parameters such as tick size, maximum leverage, and maintenance margin rate are subject to adjustment based on evolving market risk conditions. Users are advised to refer to the ES/USDT contract page for the most current specifications.
This addition expands Bitget’s suite of USDT-M Futures, where users trade with USDT across multiple pairs under a unified margin system, allowing for optimized capital efficiency. Bitget also offers Coin-M and USDC-M Futures, catering to a broad range of trading preferences and asset management strategies.
For more details on ESUSDT, users can visit here.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP, one of the world’s most thrilling championships.
For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, users can contact: [email protected]
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.
Contact
Simran Alphonso
[email protected]