London, United Kingdom, May 13th, 2025, Chainwire
Plutus became a pioneer in on-chain integrated finance as the first to tokenise real-world assets (RWA) through on-chain loyalty rewards with Pluton (PLU) in 2015. Since its introduction during the early era of blockchain, PLU has continued to provide on-chain utility and has rewarded over $58M in in-app savings over the past decade. Today, Plutus announces the go-live of PLUS More—a new, timeless addition for PLU stackers seeking to maximise savings on their spending with the Plutus Card.
Built on Base, the Ethereum Layer 2 incubated by Coinbase, PLUS More marks a new chapter in the evolution of traditional rewards, bringing them into the open, permissionless world of decentralised finance. It redefines how loyalty value is earned, owned, and used—all on-chain.
PLUS More is more than a rewards system — it’s a movement.
One that shifts control from corporations to consumers, from closed ecosystems to open infrastructure, and replaces forgettable points with tokens designed for practical use.
From Points to Protocols: Loyalty, Rewired
Every year, billions in loyalty rewards, from airline miles to cashback, go unclaimed. Traditional loyalty systems are fragmented, hard to track, and nearly impossible to transfer — they’re broken. PLUS More redefines loyalty by transforming these legacy models into interoperable, self-custodied tokens, usable across the Plutus app and beyond.
To start, Plutus Card customers in the UK & EU will be able to tokenise their rewards in-app and request payouts on the Base network, pending the approval of relevant licensing, which is currently in progress. Once licensing under MiCA and the UK FCA is in place, PLUS token holders will also be able to access a growing marketplace of partner perks, travel discounts, and digital gift cards, all powered by smart contracts on Base.
This ecosystem will be supported by FUEL, a new on-chain network fee (similar to GAS on Ethereum), launching alongside the PLUS token. FUEL is designed to keep the system sustainable over time by recycling rewards back to customers instead of minting new tokens.
To see full details: PLUS More
https://youtu.be/IbR49AlmX7c?si=i8uIZNTmprsUfwJd
From launching the first tokenised loyalty rewards a decade ago to building a scalable rewards infrastructure across the UK and EU, Plutus is the most experienced player to innovate and lead the next wave of real-world on-chain utility. With a sustainable loyalty system for everyday use, FUEL, and Rewards-as-a-Service (RaaS), Plutus is now primed for expansion—making a future US launch possible.
Through RaaS, businesses can connect to the PLUS More network and launch their own branded loyalty programs, driving growth while giving their customers greater control and real-world utility from rewards.
All of this is built on Base.
To Read more from Founder & CEO, Danial Daychopan:
What’s Next
The PLUS More network is now live on Base. Currently, rewards are issued as in-app points and are not available on-chain, with tokens being non-transferable. Distribution to eligible Plutus Cardholders will begin once licensing approval is granted. Additional features, including expanded RaaS capabilities for brand partners, are under development and will be launched once licensing is secured: Full Details.
About Plutus
Plutus pioneered the tokenisation of real-world assets (RWA) in 2015 with the launch of Pluton (PLU), the world’s first on-chain loyalty rewards token. Since then, it has reshaped everyday spending—delivering over $58M in savings and real crypto rewards to customers. Today, Plutus unveils its biggest leap forward: PLUS More, a next-generation on-chain rewards system offering a minimum of 3% back on card spend with the Plutus Card, empowering customers and PLU stackers with real savings, true ownership, and on-chain utility.
For media inquiries, partnerships, or ecosystem integrations, users may contact:
Contact
Plutus Social
press@plutus.it
San Jose, Costa Rica, May 13th, 2025, Chainwire
DoubleUp is a blockchain-based casino platform operating on the Sui network, designed to integrate gaming with decentralized finance (DeFi) elements. It offers users a combination of real-time betting features and on-chain transparency, aiming to provide a novel framework for digital gambling within the Web3 space. The platform incorporates what it terms a “GambleFi” model, positioning itself at the intersection of gaming and decentralized finance by introducing mechanisms for both active participation and passive engagement through its DeFi infrastructure.
Founded by HealthyDegen a visionary Web3 builder and former Mysten Labs developer, DoubleUp was designed for the bold, by the bold. The goal is simple: bring the excitement of a real casino into the decentralized world, while rewarding users not just for gambling, but for participating in a growing, gamified economy. From Day 1, DoubleUp has put community, creativity, and crypto utility at the center of its roadmap.
At its core, DoubleUp is a decentralized casino offering a wide range of games—from the classic’s like coinflip, roulette, and slots, to high-stakes raffles and Million dollar lottery. But what sets DoubleUp apart is how they’ve gamified not just the casino, but the very foundation of rewarding it’s players and DeFi participation.
DoubleUp operates as a community-oriented platform, incorporating a reward system designed to engage participants beyond traditional casino gameplay. The platform includes features such as raffles, lotteries, referral programs, and leaderboard-based incentives, allowing users to receive rewards through active participation. A notable component of the ecosystem is the DoubleUp Citizen NFT, which enables holders to access exclusive benefits. On May 10, 2025, DoubleUp conducted an airdrop distributing over $100,000 in free spins to Citizen NFT holders as part of a community rewards initiative. In conjunction with the launch of the $UP token, the platform also introduced a $100,000 monthly contest. Through these mechanisms, DoubleUp aims to incentivize a range of user activities including holding, playing, and staking.
DoubleUp’s DeFi component, Unihouse, introduces a betting-linked yield mechanism that integrates with the broader platform. Unlike conventional staking or liquidity farming protocols, Unihouse allows users to deposit supported tokens and earn returns that correlate with platform betting volume and house edge outcomes. The model is structured so that platform betting activity can influence the yield distributed to token stakers, enabling a reciprocal dynamic between active bettors and passive participants. This approach also enables the use of tokens that may not otherwise offer native staking functionality within other protocols.
And now, the moment that pushed DoubleUp into the spotlight—the stealth token launch of $UP.
On May 11th, 2025, DoubleUp launched the $UP token completely unannounced, dropping it straight onto the market at a fully diluted valuation (FDV) of $40 million. No pre-hype. No upper-hands. Just pure GambleFi energy. Within 24 hours of launch, $UP surged in both volume and visibility, sitting at a $53M FDV at the time of this writing. Early believers were rewarded, and a new chapter for DoubleUp officially began.
The $UP token serves multiple roles within the DoubleUp ecosystem, including facilitating lottery ticket purchases, distributing gameplay rewards, and enhancing yield mechanisms within Unihouse. Holding $UP provides users with access to core utility features across the platform.
DoubleUp has raised $4 million in a Seed funding round at a $40 million valuation. The round was led by Karatage, with participation from Mysten Labs, Selini Capital, EBlock Capital, Comma3 Ventures, Alpha DAO, and Auros. These participants represent a range of experience across venture capital, blockchain technology, and online gaming sectors. The funding will be allocated toward infrastructure development, the launch of additional betting products, and international expansion efforts.
DoubleUp plans to expand its offerings to include sports betting, poker, and time-limited campaigns with defined prize pools. These additions are designed to broaden the platform’s appeal across various user profiles, including active bettors, strategy-focused participants, and passive token holders.
The platform operates without mandatory Know Your Customer (KYC) requirements, offering users open access to its features and reward systems. With its continued development, DoubleUp positions itself within the emerging category of GambleFi platforms that combine decentralized financial tools with blockchain-based gaming experiences.
About DoubleUp
DoubleUp is a next-generation decentralized casino redefining how users interact with crypto through high-stakes gaming and DeFi innovation. Founded by a team of seasoned engineers, DoubleUp was built with one core belief: crypto should be thrilling, rewarding, and community-driven.
Contact
Business Development
telegram @MikeCantMiss
DoubleUp
DoubleUpFun@proton.me
Victoria, Seychelles, May 13th, 2025, Chainwire
As centralized exchanges and On-chain Trading edge closer to integration, global crypto trading platform BYDFi has officially launched MoonX, a powerful new on-chain trading engine. Positioned as a “ticket to the DEX world” for CEX users, MoonX simplifies DeFi access and marks the beginning of BYDFi’s dual-engine strategy.
CEX vs. DEX: From Competition to Integration
With meme coins, airdrops, and early-stage tokens gaining traction, on-chain markets have become a high-growth arena for crypto users. But wallet setup, gas fees, and cross-chain operations remain hurdles for mainstream CEX users.
At the same time, CEXs are increasingly limited in capturing early-stage or long-tail assets. The industry is clearly shifting: CEXs and DEXs are no longer separate silos—they are becoming complementary systems. MoonX is BYDFi’s answer to this evolution.
MoonX: The Gateway to On-Chain Trading
MoonX isn’t another exchange or wallet; it’s a lightweight entry point to Web3 trading. It retains the security and user familiarity of CEXs while unlocking the asset diversity and potential of DeFi.
For Example: a user discovers a trending meme coin on social media and wants to copy a whale trade. Traditionally, that would involve switching wallets, acquiring gas, copying contract addresses, and navigating multiple DEX interfaces. With MoonX, there’s no wallet setup, no gas fees, no chain switching—just one BYDFi account and a single tap to execute.
MoonX delivers a Web2-level user experience tailored for a Web3 world:
Access to Over 500,000 Meme Coins
- Aggregates liquidity from multiple platforms like Pump.fun, Raydium, PancakeSwap, and more.
- Currently supports Solana and BNB Chain, with plans to expand to additional major blockchains.
Built-In Trading Intelligence
- Integrates smart strategies and smart money copy trading.
- Millisecond-level execution, optimized for high-frequency Degen Traders.
Security-First On-Chain Infrastructure
- Hybrid custody ensures users don’t manage private keys but still retain asset control.
- Co-built with Safeheron using MPC + TEE for institutional-grade protection.
- Integrated with GoPlus for real-time contract risk scanning and alerts.
BYDFi: Entering the Dual-Engine Era
MoonX is more than a product update—it’s the start of BYDFi’s CEX + DEX dual-engine architecture. Users can now manage centralized and on-chain assets within one unified account framework.
By combining liquidity, strategy tools, and advanced security, MoonX goes beyond trend-chasing. It’s building a foundation for trading early-stage, long-tail assets with optimized on-chain efficiency.
Michael, Co-Founder of BYDFi, stated: “MoonX is more than a new feature—it could shape a new standard: a scalable Web3 onboarding system that starts with a CEX front-end and runs on a DEX backend, designed for frictionless asset flow.”
He added: “MoonX merges the best of both worlds—CEX performance and DEX freedom—so that anyone can participate in smart on-chain trading. Web3 shouldn’t be exclusive to experts. It should be a finance layer open to all.”
About BYDFi
Founded in 2020, BYDFi serves over 1,000,000 users across 190+ countries. Its product lineup includes spot, derivatives, copy trading, and now on-chain trading via MoonX.
In 2023, BYDFi was recognized by Forbes as one of the Top 10 Global Crypto Exchanges. In 2025, it partnered with Ledger to launch a co-branded hardware wallet, reinforcing user self-custody and asset security.
BYDFi is committed to providing a world-class crypto trading experience for users. 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
Willemstad, Curaçao, May 12th, 2025, Chainwire
“Canelo chooses victory, while 1win chooses the best!” said the owner and CEO of 1win.com.
1win.com proudly announced its global partnership with boxing superstar Canelo Álvarez. The news comes after Álvarez’s high-stakes historic IBF super middleweight title win.
On May 3, 2025, Álvarez delivered a commanding performance, reclaiming the IBF belt and solidifying his status as the undisputed super middleweight champion.
Already holding the WBA, WBC, and WBO titles, Álvarez’s victory marks a major moment in boxing history—one that 1win.com is thrilled to be part of.
With this deal, 1win.com steps into Canelo’s corner not just as a sponsor but as a long-term partner. Both sides say the partnership is built on shared values like discipline, performance, and pushing limits in sport.
“When we talk about champions, we talk about people like Saul Álvarez! A fighter who went from a farm near Guadalajara to the absolute top of world boxing. A legend in and out of the ring—and now, the official ambassador of 1win. Not just because he is a legend, but because his mindset—focus, discipline, drive—is exactly what we believe in,” said the owner and CEO of 1win.com in his statement posted on Telegram. “Canelo chooses victory, while 1win chooses the best!”
Álvarez himself shared his excitement about the new collaboration on his social media, saying, “I am proud to announce my official partnership with 1win—a global brand established for champions. Just like in boxing, success takes focus, strategy, and passion—and 1win brings that same winning energy. Get ready for exclusive content, exciting challenges, and big surprises. Let’s take the ultimate gaming to the next level—together with 1win!”
Álvarez joins the growing roster of 1win.com’s global ambassadors, including cricket star David Warner and actor Johnny Sins. Earlier in April 2025, the brand collaborated with MMA icon Conor McGregor, reaffirming its commitment to engaging with the world’s top talents across sports and entertainment.
Founded in 2016, 1win.com is recognized for its sports betting, online gaming, and casino offerings, topped with active support of traditional sports, esports, and charity initiatives.
These days, 1win.com continues to innovate in the iGaming space as a leading crypto casino. The platform offers super-fast deposits and withdrawals in as little as 90 seconds via USDT (trc 20), setting a new standard in convenience and speed. Supported cryptocurrencies include Bitcoin, USDT, USDC, Ethereum, Tron, Litecoin, Monero, Dogecoin, Bitcoin Cash, Dash, Zcash, Stellar, Ripple, and BNB, making 1win a top choice for crypto-savvy players worldwide.
For more information, users can visit www.1win.com.
About 1win
Founded in 2016, 1win is a major player in the global iGaming industry. 1win is licensed in Curaçao and complies with local regulations in several key markets. Operating across Asia, Latin America, and Africa, the platform offers a wide range of services adapted to regional audiences. 1win particularly stands out as a crypto-friendly platform, delivering secure transactions with a broad selection of digital currencies. In 2024, 1win partnered with cricket legend David Warner and actor Johnny Sins as its brand ambassadors. Earlier in 2025, Mexican professional boxer Saúl (Canelo) Álvarez joined 1win as the global ambassador.
Contact
1win Press Office
1win.com
press@1win.pro
Dublin, Ireland, May 12th, 2025, Chainwire
AB DAO and the AB Charity Foundation co-hosted the inaugural “Tech-Driven Philanthropy Closed-Door Forum” in Dublin, Ireland, marking a major milestone in their joint mission to reshape the global philanthropic landscape through technology and trust.
The forum was chaired by Mr. Bertie Ahern, Chairman of the AB Charity Foundation, former Prime Minister of Ireland, and former President of the European Council. In his keynote speech, titled “Technology and Trust – A New Order for Philanthropy”, Mr. Ahern emphasized the importance of building trustworthy systems for public good in the digital age.
Distinguished guests included H.E. Olusegun Obasanjo, former President of Nigeria and former Chairperson of the African Union, and Mr. Malcolm Byrne, Irish Member of Parliament and Chairman of the Committee on Artificial Intelligence. Together, participants explored how emerging technologies like blockchain and AI can empower global well-being and enhance transparency in philanthropy.
Mr. Anthony Tsang, representing the AB public blockchain, presented the latest technological breakthroughs, including the high-performance mainnet, the AB Connect cross-chain protocol, and the Universal Transfer Protocol, which enables gas-free transactions. His presentation outlined AB DAO’s long-term vision to build a globally compliant infrastructure for philanthropy powered by decentralized technology.
Key proposals from the forum will be consolidated by the AB Charity Foundation and submitted to the United Nations and global partner networks, continuing the joint effort to drive “technology for good” in real-world initiatives.
About AB Charity Foundation
The AB Charity Foundation is a legally registered entity in Ireland, holding full EU legal status. Supported by AB DAO’s technology and funding, the Foundation is committed to building transparent, traceable global philanthropic infrastructure using blockchain and AI.
More information at: www.ab.org
Contact
Yvette
AB Foundation
abphilippinesofficial@gmail.com
George Town, Cayman Islands, May 12th, 2025, Chainwire
At its Sonic Summit in Vienna from May 6–8, Sonic Labs announced the completion of a $10 million strategic sale of its S token to Galaxy, a global leader in digital assets and data center infrastructure.
This investment strengthens Sonic Labs’s position in the U.S. market and provides critical support for its decentralized finance (DeFi) ecosystem development.
Strategic Partnership
The strategic investment from Galaxy represents a significant milestone for Sonic Labs as it continues to expand globally. The partnership is expected to accelerate Sonic Labs’s market penetration in the United States while enhancing its DeFi offerings in the region.
The alliance comes at a pivotal moment for the blockchain industry as institutional adoption continues to accelerate. By leveraging Galaxy’s extensive network of over 1,300 institutional trading counterparties, Sonic Labs aims to bridge the gap between traditional finance and its high-performance blockchain infrastructure.
“Having Galaxy as a strategic investor brings tremendous value beyond capital. They have many connections and insights across the U.S. and Asia markets that will be very beneficial to the Sonic ecosystem.” — Michael Kong, CEO, Sonic Labs
Market Impact
The partnership is expected to have significant implications for the broader DeFi ecosystem. As institutions increasingly seek blockchain infrastructure that can handle enterprise-level demands, Sonic Labs’s high-performance EVM compatibility offers a compelling solution.
Furthermore, the partnership signals growing institutional confidence in blockchain’s ability to transform financial infrastructure while maintaining the security and reliability standards expected in regulated markets.
About Galaxy
Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology.
In addition, it invests in and operates cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy’s businesses and products is available on www.galaxy.com.
About Sonic Labs
Sonic is the highest-performing EVM blockchain, combining speed, incentives, and world-class infrastructure for DeFi, powered by the S token.
Contact
Sonic Labs
press@soniclabs.com
Hong Kong, Hong Kong, May 9th, 2025, Chainwire
Launching Summer 2025, T-Rex’s built-in distribution engine introduces a radically simple idea: rewarding people seamlessly for doing what they already love online.
T-Rex, a purpose-built blockchain for entertainment, content, and cultural virality, today announced a $17 million fundraise and Incubation Fund to revolutionize online content publishing by seamlessly rewarding consumers for everyday interactions on social platforms such as YouTube, TikTok, or X (formerly Twitter) and reshape how consumer-facing decentralized applications (dApps) are discovered, published, distributed and scaled across Web3.
Backed by strategic investors including Portal Ventures, North Island Ventures, Framework Ventures, Arbitrum Gaming Ventures, ArkStream Capital, Mindfulness Capital, Hypersphere, SNZ, and Arche Fund, and developed by EVG, Asia’s prominent product builder and publisher, known for driving mass adoption, T-Rex directly addresses the critical “ghost town” and “mercenary users” challenges in blockchain.
“Arbitrum Gaming Ventures recognizes the transformative potential of platforms like T-Rex that are expanding Web3 beyond DeFi. EVG’s strong regional influence and deep understanding of the Southeast Asian market, projected to reach $7 billion by 2028, provide a strategic gateway for us to significantly scale our footprint within this high-growth region. Combining our robust scaling capabilities with EVG’s extensive ecosystem expertise, we are strategically positioned to penetrate the entertainment industry and broader consumer market in a pivotal and rapidly expanding part of the world,” said Dan Peng, Partner at Arbitrum Gaming Ventures.
T-Rex leverages Arbitrum’s powerful Layer-2 scaling solution, delivering ultra-fast, secure, and low-cost transactions essential for consumer-scale adoption. Arbitrum Gaming Ventures has specifically identified T-Rex as key to its regional growth strategy.
T-Rex: A New Kind of Blockchain for the Culture-First Internet
(UI screenshot: A user earning rewards while browsing YouTube with T-Rex’s browser extension.)
While Web3 holds the promise of revolutionary change, the current landscape is fragmented, user-unfriendly and often empty with underutilized dApps. Despite all its innovation, most chains lack real users, real culture, and real reasons to stay. T-Rex flips the model with its simple first principle: stop trying to reinvent user habits and instead enhance them invisibly. Its core innovation, Proof-of-Engagement (PoE) mechanism, automatically rewards users on apps they already use daily through a privacy-preserving browser extension, turning everyday online actions like watching videos, liking posts, and sharing memes into tangible, valuable digital ownership and offline perks.
“Instead of building another blockchain pipe, we’re delivering actual water: engaging content, thriving communities, real-world rewards”, said Allen Ng, Co-Founder of T-Rex and EVG. “Users shouldn’t have to think about crypto until they want to. Our blockchain stays invisible, letting them effortlessly turn their online fun into meaningful rewards. Our vision is to let attention becomes equity, community becomes power and participation becomes currency.”
Radical Simplicity: Web3 That Feels Like TikTok, Not A Crypto Wallet
(UI screenshot: Home Discovery pushing relevant content and dApps to user.)
At launch, users simply install T-Rex’s browser extension and continue browsing popular social media platforms. Every interaction is quietly, securely recorded via advanced zero-knowledge tech (zkTLS), and seamlessly turned into rewards, with no wallet or tech jargon required.
Creators and projects benefit from instant audience discovery and viral distribution, while end users earn rewards effortlessly, redeemable both digitally and offline, such as cash back at favorite restaurants or exclusive local deals.
“The next wave of breakout applications will be defined by distribution, UI / UX, and product differentiation. The team at T-Rex gets this. They’re building a protocol that seamlessly onboards social media users and allows them to monetize their data through network rewards. We’re excited to back T-Rex as they merge protocol-native network design with clean consumer product expertise,” said Evan Fisher, Founder and General Partner of Portal Ventures.
“Web3 infrastructure has matured, but it still lacks consumer momentum because only a few use cases resonate with the masses. T-Rex is a strong contender to bridge this gap. By prioritizing culture and abstracting complexity, it offers a path to broad adoption,” said Travis Scher Managing Partner and Co-founder of North Island Ventures.
Incubating the New Digital Metropolis
The $8 million Incubation Fund backed by EVG with support from the Arbitrum Gaming Ventures will accelerate ecosystem growth, offering comprehensive developer support beyond capital, including engineering resources, media partnerships, community activations, premium events, Key Opinion Leader (KOL) networks, and strategic Intellectual Property (IP) applications.
“We provide real firepower, not just capital”, Joyce Yim, Co-founder of T-Rex emphasised. “Developers gain immediate user traffic, creators grow loyal audiences effortlessly, and users become not just spectators, but stakeholders in the success of viral content.”
Set to launch in Summer 2025, T-Rex’s distribution layer and browser extension create the railroads linking popular online consumer applications such as gaming, music, interactive media, and Web3. From creators rewarding top users with digital assets, to new projects gaining instant discovery, to active users earning a stake, T-Rex’s ecosystem is designed for intuitive use, cultural resonance, and economic empowerment at scale.
About T-Rex
T-Rex is a new blockchain ecosystem purpose-built for consumer-facing applications, designed to transform the Web3 attention layer through its innovative Proof of Engagement (PoE) mechanism.
Developed by EVG and backed by leading investors including Arbitrum Gaming Ventures, Framework Ventures, North Island Ventures, and Portal Ventures, T-Rex offers creators and developers a UX-first infrastructure with built-in discovery, rewards, and distribution, enabling the next billion users to engage, earn, and build on-chain.
Website: https://trex.xyz/
Twitter: https://x.com/TREX_chain
About EVG
Founded in 2018, EVG is one of APAC’s largest and most active Web3 product builders and publishers. With 200+ engineers and 10+ millions of users, EVG has built a complex of innovative products across consumer infrastructures (e.g Edgen AI, T-Rex), entertainment / culture dApps (e.g Deek, Last Odyssey, LiveArt), and fintech platforms (e.g Aspen Digital).
EVG’s corporate venture arm also owns strategic stakes across 100+ Web3 companies including the likes of Celestia, Wormhole, Berachain, Pudgy Penguins, Abstract, Infinex, Dapper Labs, Animoca Brands, The Sandbox, Stacks, Immutable, Kraken and Dunamu.
Website: https://www.evg.co/
Twitter: https://twitter.com/EVGHQ/
Media Contact: marketing@trex.xyz
Contact
PR Manager
Kelvin Yeo
Everest Ventures Group
marketing@trex.xyz
San Francisco, California, May 8th, 2025, Chainwire
Microsoft-backed Space and Time is the blockchain for ZK-proven data.
Space and Time, the Microsoft-backed blockchain for zero-knowledge (ZK)-proven data, is live on its public, permissionless mainnet.
Space and Time is designed to deliver ZK-proven data to smart contracts to power a new generation of data-driven crypto applications. It indexes data from other major blockchains, including Ethereum, and stores it across a decentralized network of database validators. Developers can access, query ZK-prove and connect this data back to their smart contract using Proof of SQL, Space and Time’s sub-second ZK coprocessor for SQL database queries.
“Prior to Space and Time, onchain applications had no way to query basic user data from a database of blockchain activity without introducing security risks and tampering. In addition, enterprises had no way to securely connect their cloud databases with smart contracts. Today we’re thrilled to announce the mainnet launch of Space and Time, which will empower developers to build sophisticated, data-driven onchain applications secured by cryptographic proofs,” said Scott Dykstra, Contributor #001 at Space and Time.
Smart contracts today can’t natively access historical, cross-chain or offchain data, which limits the complexity of onchain apps. The next wave of onchain innovation—spanning everything from dynamic financial instruments to data-rich AI agents and tokenized real-world systems—will require a trustless database layer for complex data retrieval. Space and Time enables this with a verifiable, decentralized database network that gives smart contracts the ability to query the full history of Ethereum and beyond.
Space and Time was created by MakeInfinite Labs, a frontier protocol research lab that is backed by Microsoft and working alongside major financial institutions. In addition to its work on Space and Time, the firm has developed key technologies to the broader crypto ecosystem, such as Proof of SQL, Blitzar, an Elastic Network ZK Chain for Space and Time, and Chainlink DeFi Yield Index.
“At MakeInfinite Labs, we’re focused on building foundational infrastructure to enable the next generation of crypto applications. Contributing core technologies like Proof of SQL and the original architecture of Space and Time is part of that vision. We’re excited to see the ecosystem take this work forward and unlock new possibilities for verifiable, data-driven applications,” said Nate Holiday, CEO of MakeInfinite Labs & Co-Founder of Space and Time.
Space and Time is secured by a decentralized set of validators, and anyone can contribute to the network by providing high-quality datasets, staking or running a validator node.
About Space and Time
Space and Time is the blockchain for ZK-proven data, which enables smart contracts to trustlessly access and compute over data from any chain or source. Powered by Proof of SQL, a sub-second ZK coprocessor, Space and Time empowers developers to build more intelligent, data-rich applications with verifiable data.
For more information, visit: Website | X | Discord | Telegram | LinkedIn | YouTube
For media inquiries, please contact: marketing@spaceandtime.io
About MakeInfinite Labs
MakeInfinite Labs is a frontier protocol research lab contributing to some of the most prominent protocols and ecosystems across crypto, including the creation of Space and Time. MakeInfinite Labs raised $50 million from Microsoft’s M12 Ventures and other leading investors to build the infrastructure that enables developers and creators to build data-driven applications, tokenize and monetize and win in the AI economy.
For more information, visit: Website | X | LinkedIn
For media inquiries, please contact: marketing@makeinfinite.com
Contact
Catherine Daly
marketing@spaceandtime.io
Panama City, Panama, May 8th, 2025, Chainwire
Flipster, one of the world’s fastest-growing cryptocurrency derivatives trading platforms, today announced an exclusive partnership with TALON, one of Asia’s premier competitive gaming organizations, competing in 10 major titles — including Dota 2, League of Legends, and Valorant — across seven countries.
As part of the collaboration, TALON’s Dota 2 team will officially compete under the name Flipster Talon, with Flipster securing naming rights for the team for the next year.
This milestone also establishes Flipster as the Official Crypto Exchange Partner of TALON, marking the platform’s debut in the rapidly expanding global esports space. These initiatives aim to bridge the energy of esports with the empowerment of digital assets, fostering education, interactivity, and inclusive participation across both worlds.
“Esports is one of the most exciting frontiers for Web3 culture to thrive,” said Youngsun Shin, Head of Product and Partnerships at Flipster. “Through Flipster Talon, we’re championing a new kind of connection with a digital-native generation that values openness, creativity, and inclusion — the same values that underpin crypto.”
Beginning with TALON’s Dota 2 roster, Flipster and TALON will roll out a series of co-created content, campaign drops, and digital fan activations aimed at deepening fan engagement and making crypto more approachable.
“Flipster’s partnership with TALON is grounded in a shared commitment to access and inclusion,” Youngsun added. “By focusing on free-to-play titles and a player-first approach, Flipster supports the gaming community across the spectrum — from casual fans to pro athletes — much like it empowers both beginner and experienced traders through its platform.”
“We’re thrilled to welcome Flipster to the TALON family,” said Sean Zhang, CEO of TALON. “As innovators in their field, Flipster shares our drive to push boundaries and create richer fan experiences. Together, we’re exploring exciting new ways to bring gaming and crypto culture together.”
Since its founding in 2021, Flipster has grown rapidly, now serving over one million users across nearly 200 countries. With institutional-grade infrastructure and a community-first mindset, Flipster is on a mission to make crypto trading more accessible, rewarding, and fun.
The full Flipster Talon rollout is set for June, including player signings, co-branded content, and a launch video to mark the partnership’s debut.
About Flipster
Flipster is a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to digital assets. Offering over 350 trading pairs across spot and futures markets—with up to 100x leverage and zero trading fees—Flipster equips traders with the tools to execute strategies efficiently.
Beyond trading, Flipster provides users with access to capital-efficient opportunities, including earning programs, and token airdrops. Built on a foundation of security, transparency, and user-first innovation, Flipster aims to offer a seamless trading experience for users engaging with digital assets in dynamic market conditions.
Over the past year, Flipster has experienced rapid growth, with trading volume surging by 856% and total user assets on the platform increasing by more than 6,000%, solidifying its position as a leading derivatives exchange.
To learn more, users can visit flipster.io or follow X.
About TALON
TALON is a leading esports and entertainment organization headquartered in Hong Kong, with competitive teams and operations across Asia. TALON is known for its dominance in titles such as League of Legends, Dota 2, Arena of Valor, and more, as well as its growing content platform and lifestyle-driven brand collaborations.
Contact
Flipster
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In the aftermath of the largest hack in crypto history, Bybit has emerged as a case study in market resilience, transparency, and user trust. A new independent report by Kaiko, a leading provider of institutional-grade crypto market data, reveals that Bybit’s liquidity rebounded to pre-incident levels within just 30 days—a feat unmatched by industry peers following similar crises.
On February 21, 2025, Bybit was the target of a coordinated cyberattack resulting in $1.5 billion in unauthorized withdrawals. While the incident sent shockwaves through the global crypto ecosystem, Bybit’s swift response and robust infrastructure ensured trading remained uninterrupted. In the weeks that followed, the platform’s liquidity, trading depth, and user confidence bounced back with remarkable speed.
A 30-Day Turnaround Led by Market Structure Innovation
According to Kaiko’s analysis, Bybit’s Bitcoin liquidity—measured by the 1% market depth—reached an average of $13 million per day by the end of Q1 2025, matching pre-hack levels. Liquidity recovered across all order book tiers, from 0.1% to 8% of the mid-price, underscoring deep institutional participation.
A key contributor to this recovery was the timely launch of Retail Price Improvement (RPI) orders on February 20, just one day before the attack. These orders, exclusive to manual traders on Bybit’s interface and inaccessible via API, are placed by institutional market makers to enhance pricing conditions for retail participants. In the volatile days post-incident, RPI orders helped stabilize trading, tighten spreads, and protect manual users from predatory algorithmic behavior.
Altcoin Market Strength and Narrowing Spreads
Liquidity recovery wasn’t limited to Bitcoin. Over 80% of pre-hack market depth for the top 30 altcoins by market cap was restored by March. Spreads across major tokens—including high-volatility assets like DOGE and XRP—tightened significantly, indicating improved execution costs and renewed market maker confidence.
Bid-ask spread volatility, a key indicator of market stress, also declined throughout March, signaling improved order book stability and increased participation from liquidity providers.
Volumes Recover Faster Than in Previous Crises
While broader market sentiment remained cautious amid macroeconomic uncertainty, Bybit’s trading volumes rebounded faster than after comparable shocks such as the 2016 Bitfinex hack or the 2023 Binance.US SEC case.
Kaiko’s data shows that hourly trading volume on Bybit briefly spiked to $1.2 billion immediately following the incident. Although volumes dipped in line with weekend trends, they have since normalized and begun climbing steadily—highlighting strong user retention and a growing sense of trust in Bybit’s market resilience.
Transparency as a Differentiator
One of the standout takeaways from the Kaiko report is Bybit’s transparency throughout the recovery process. While other platforms in similar situations have suffered prolonged liquidity deterioration, Bybit’s open communication and proactive market structure improvements helped it regain trust and stabilize conditions faster than the industry norm.
As the crypto market matures, exchanges are increasingly measured not only by performance during booms, but by how they respond to adversity. Bybit’s rapid liquidity rebound and commitment to user-centric innovation set a new benchmark for operational resilience in the industry.
#Bybit / #TheCryptoArk
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.
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Head of PR
Tony Au
Bybit
media@bybit.com