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Cision Canada
an hour ago
- Business
- Cision Canada
Parataxis Holdings LLC Announces Definitive Agreement with Bridge Biotherapeutics, Inc. (KOSDAQ: 288330), to Bring Institutionally-Backed, Bitcoin Treasury Company to the South Korean Public Markets:
SEOUL, South Korea and NEW YORK, June 20, 2025 /CNW/ -- Parataxis Holdings LLC ("Parataxis Holdings"), an affiliate of Parataxis Capital Management LLC ("Parataxis Capital" or "PCM"), through Parataxis Korea Fund I LLC and affiliates, has entered into a definitive agreement with Bridge Biotherapeutics, Inc. ("Bridge Bio" or the "Company") to invest KRW 25 billion which would provide Parataxis Holdings a controlling interest in the Company (the "Transaction"). Following the closing of the Transaction, the Company intends to change its corporate name to Parataxis Korea and remain listed on the KOSDAQ. The Transaction is subject to customary closing conditions, including approval by the Company's shareholders. The Transaction would result in the creation of a Bitcoin-native treasury platform in the South Korean public markets that is anchored by institutional investors with significant experience in digital asset investments. As part of the Transaction, Edward Chin, Founder and CEO of Parataxis Holdings, and Co-Founder & CEO of Parataxis Capital, will be joining the Board of Directors of the Company. Andrew Kim, Partner at Parataxis Capital, will assume the role of CEO of the Company and will also join the Board of Directors. James Jungkue Lee, Co-founder of Bridge Bio will continue to lead the core biotech business and serve on the Company's Board of Directors. "Inspired by the growing interest in BTC treasury strategies seen in companies like Strategy in the US and Metaplanet in Japan, we believe institutional interest in this space is increasing globally. We see South Korea as an important market in the evolution of BTC adoption. Our intent is to support institutional access to BTC exposure while emphasizing sound corporate governance and disciplined capital management," said Andrew Kim. "We are incredibly excited to create the first BTC treasury company in South Korea backed by an institutional-grade platform. Given the strategic nature of BTC on the global stage and its finite supply, we believe that building and growing a company like Parataxis Korea and accumulating a BTC treasury will benefit our shareholders as well as the country over the long run," said Edward Chin of Parataxis Holdings. Along with the contemplated Transaction, Parataxis Holdings is closing another fund with substantially the same strategy, and is in the process of launching additional fund vehicles. Parataxis Holdings expects to announce additional details regarding the Transaction after conducting a shareholder meeting expected in August. Shin & Kim LLC, is acting as legal advisor to Parataxis Korea Fund I LLC in the Transaction. Deloitte is acting as financial advisor to Parataxis Korea Fund I LLC in the Transaction. About Parataxis Capital Management and Parataxis Holdings Parataxis Capital Management is a multi-strategy investment firm focused on the digital asset sector. PCM was founded in 2019 and manages multiple commingled hedge fund vehicles and provides sub-advisory services for institutional allocators, family offices, fund-of-funds and high-net worth individuals. Parataxis Holdings is an affiliate of PCM and focused on BTC treasury and other digital asset investment opportunities. Both firms are headquartered in New York City. About Bridge Biotherapeutics Bridge Biotherapeutics, Inc. is a clinical stage biotech company engaged in the development and commercialization of therapeutics for the treatment of ulcerative colitis, fibrotic diseases, and cancers worldwide. The Company was founded in 2015 and was listed on the KOSDAQ in 2019. Bridge Bio is headquartered in Seongnam, South Korea. Forward-Looking Statements: This press release contains forward-looking statements, including but not limited to those relating to the proposed transaction, potential business combination, and the anticipated use of proceeds. These statements are based on current expectations and projections and are subject to risks and uncertainties that could cause actual results to differ materially. There is no assurance that the transaction described herein will be completed as contemplated, or at all. The Company assumes no obligation to revise or update any forward-looking statements after the date of this release, except as required by applicable law. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction, and should not be interpreted as investment advice or a recommendation regarding any investment decision. Investing involves inherent risks, including the potential loss of principal. Any investment decision must be made solely at the discretion and responsibility of the investor. No representation or warranty, express or implied, is made by the Company with respect to the accuracy of any information contained herein or the achievement of any investment returns or financial results.
Business Upturn
8 hours ago
- Business
- Business Upturn
BAY Miner Launches Next-Gen Mobile Crypto Mining App with Multilingual Support to Drive Global Adoption
Miami, Florida, June 19, 2025 (GLOBE NEWSWIRE) — BAY Miner has officially announced the launch of its new mobile mining application along with a major multilingual platform upgrade, marking a significant step in its global expansion strategy. The new rollout is designed to unlock greater potential for users worldwide by offering a more accessible, efficient, and transparent mining experience, regardless of location or language. This update comes at a time when the global focus on blockchain infrastructure continues to grow. As of mid-June, Bitcoin (BTC) has remained stable around $105,000, while Ethereum (ETH) holds near $2,500, supported by sustained ETF inflows. Meanwhile, mainstream crypto assets like XRP, Dogecoin, and Litecoin are regaining investor interest, fueled by renewed community engagement, recovering market sentiment, and advancements in mining technologies. By reducing barriers to entry, BAY Miner aims to empower a broader range of digital asset users to tap into the potential of decentralized computing and participate in the evolving mining ecosystem. BAY Miner has launched its official mobile app for iOS and Android, featuring support for 10 languages and multiple cryptocurrencies, unlocking new potential for global users to engage in crypto mining with ease. The recent platform upgrade offers key features such as: Real-time hashrate and revenue tracking Smart mining contracts that adapt to real-time market trends A visualized revenue chart dashboard for clear performance insights Multilingual interface supporting English, Japanese, Arabic, Spanish, German, Russian, Portuguese, French, Korean, and Italian Mining support for BTC, ETH, LTC, and DOGE This mobile app and platform enhancement are designed to broaden accessibility and empower users worldwide to tap into the full potential of decentralized crypto mining. How does BAY Miner realize profits? After the user selects a contract on the BAY Miner platform, the system will automatically distribute computing power to multiple data centers around the world for calculation. Based on the difficulty coefficient of the currency selected by the user and the distribution of network computing power, the platform will settle the income daily and record it in the form of smart contracts. All data can be verified on the chain to ensure transparency and traceability. How to join BAY Miner? Joining BAY Miner is very simple. You can start experiencing global crypto mining services in just a few steps: 1. Visit the official website Open and click ' Sign Up '. 2. Create an account Enter your email address and username, set a login password and payment password (create a password that is both secure and easy to remember). 3. Log in to the control panel Log in to the BAY Miner user control panel with your email address and password. 4. Choose a mining plan Browse the various mining contracts provided by the platform, supporting BTC, ETH, LTC, DOGE, and other currencies, and choose the right plan according to your budget and goals. 5. Activate and start mining Mining will start automatically after the contract takes effect, and you can view the computing power operation status, income data, and market trends in real time. 6. Download the mobile application (optional) For more convenient management at any time, please install the BAY Miner mobile app now BAY Miner's future development direction BAY Miner plans to launch the following new features in the second half of 2025: Cloud wallet integration to improve settlement flexibility. Mining community embedded system to enhance user interaction and experience exchange. ESG energy-saving tracking module to strengthen the display of green mining impact indicators. About BAY Miner BAY Miner is a platform service provider focusing on cryptocurrency mining infrastructure, dedicated to providing transparent, efficient, and compliant cloud computing solutions to users around the world. The platform supports mining of multiple currencies such as BTC, ETH, LTC, DOGE, etc., combining distributed nodes, an intelligent configuration engine, and real-time data visualization to create a user-friendly mining experience. It provides a multi-language interface and mobile applications to lower the threshold for participation. Contact Information For more details, please visit the website: or click to download the mobile app Email: [email protected] Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks. There is a possibility of financial loss. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Upturn
14 hours ago
- Business
- Business Upturn
Litecoin Surges as ETF Decision Nears; DRML Miner Launches New Cloud Mining Service
By GlobeNewswire Published on June 20, 2025, 00:05 IST New York, NY, June 19, 2025 (GLOBE NEWSWIRE) — Market eyes potential ETF approval as DRML Miner introduces compliant, green Litecoin mining solution amid increased investor demand In a significant development for the crypto market, Litecoin has shown strong momentum despite broader volatility, fueled by regulatory updates and a sharp rise in investor interest. DRML Miner, a UK-based cloud mining platform, has introduced a new Litecoin-focused cloud mining service aimed at retail investors. This launch comes just as on-chain data indicates a $600 million surge in LTC transactions over the past 48 hours, with much of the volume shifting toward regulated platforms like DRML Miner. Retail participation has also seen a sharp increase, with new user sign-ups reportedly up by more than 300%. What's New: DRML Miner's Litecoin Mining Service The new offering allows users to mine Litecoin remotely without the need to purchase or manage physical hardware. DRML Miner supports multiple assets, including BTC, XRP, and DOGE, and connects users to high-efficiency mining farms using real-time optimization systems. With mainstream Litecoin mining equipment now costing between $4,000–$6,000 and global electricity rates continuing to rise, DRML Miner's model offers an alternative built around three key features: Regulatory Compliance and Asset Security DRML Miner operates under UK licenses. User assets are stored via cold wallets and protected with military-grade encryption. The platform holds $1.9 billion in managed assets and has maintained a zero-incident security record for six consecutive years. Green, Efficient Mining Infrastructure The company operates a global network of mining centers powered entirely by renewable energy sources such as hydro, wind, and solar. Its system automatically switches to the highest-yielding coins based on market conditions, maximizing daily returns through ASIC and GPU clustering. Low-Barrier Daily Income for Retail Users New users can register and receive a $10 starting bonus. No hardware investment is required—users simply select a contract, and mining income is automatically calculated and distributed every 24 hours, with full control over reinvestment and withdrawal. Analyst Outlook According to DRML Miner analysts, a Litecoin ETF approval—expected as early as June—could mark the beginning of broader altcoin financialization. 'Cloud mining allows retail participants to engage with major market shifts without taking on hardware or compliance risks,' one analyst noted. How to Participate Register on the official website to receive a $10 bonus. Select a mining contract that aligns with your financial strategy. Track and manage returns using a real-time dashboard, with income distributed daily. About DRML Miner Established in 2018 and based in the UK, DRML Miner provides regulated cloud mining and asset management services to over 7.2 million users worldwide. Its infrastructure is designed to support a transparent and environmentally responsible approach to digital asset mining. For more details, visit Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Upturn
14 hours ago
- Business
- Business Upturn
PFMCrypto Boosts BTC Yield Potential with 2025 Launch of Advanced AI-Powered Multi-Crypto Mining Platform
LOS ANGELES, June 19, 2025 (GLOBE NEWSWIRE) — PFMCrypto, a UK‑based crypto asset management firm, announces significant upgrades to its AI‑powered cloud mining platform for 2025. The new system uses advanced artificial intelligence to analyze market trends, optimize hash power through ASIC‑GPU clusters, and automatically switch between the most profitable cryptocurrencies. The upgrades aim to help users maximize their mining returns and simplify participation in the crypto mining space. However, this new wave is not only limited to X or crypto trading platforms; PFM Crypto, a trusted crypto asset management company in the UK, has also taken the bold step by introducing its users to its smart, AI-optimized crypto mining platform. Click here to visit the company's official website: What is Cloud Mining? Cloud mining is an innovative approach to earn cryptocurrencies like BTC, Doge, and XRP without buying them. By mining, users are contributing to the decentralization and security of blockchain while the ecosystem rewards them with daily mining income. 'Running a mining node is ideal, however, it is very challenging. Users have to purchase expensive hardware and acquire deep technological knowledge to manage this hardware. We launch PFM Crypto to challenge the traditional mining approach and offer users flexible and democratized access to the mining space – no upfront mining fee or hidden charge on withdrawal.' said PFMCrypto CEO. PFM Crypto is a reliable cloud mining protocol that allows users to access mining power remotely on any mobile device – eliminating the need to buy any hardware or acquire BTC node troubleshooting skills. BTC mining revenue performance in June Trial Contract: Investment: $100 | Net Profit: $106.6 Classic Contract: Investment: $500 | Net Profit: $530.75 Classic Contract: Investment: $3,000 | Net Profit: $3,888 Prepaid Contract: Investment: $5,000 | Net Profit: $7,370 Advanced Contract: Investment: $10,000 | Net Profit: $17,240 These are not hypothetical data, but are based on real feedback from millions of users. Click here to view more mining contracts. Why Everyone is Getting on PFM Crypto AI-Supported Cloud Mining 2025 – Smarter Resource Allocation: One of the challenges of traditional cloud mining is resource allocation – users are unable to determine when to start or stop mining. PFM Crypto adopts the use of AI to help users analyze real-time data on mining performance, energy consumption and market trends to ensure that they profitably allocate their computing resources, minimize waste and increase returns. – Predictive Maintenance and Downtime: PFM Crypto combines experienced personnel with AI to achieve high operational efficiency. With AI, the system can predict hardware failures, allowing the protocol to swiftly manage pending system issues and prevent downtime, ensuring higher mining uptime and consistent rewards. – Energy Optimization: In traditional cloud mining, high energy cost is a challenge. However, on PFM Crypto, using AI continues to improve mining operations by noting temperature and hash rates to optimize electricity usage and reduce blockchain carbon footprint. – Adaptive Strategy: From switching between coins to selecting the best mining algorithms, Users can leverage the PFM Crypto AI-supported platform to adjust mining strategies in real time, relying on market sentiment and trends. How to get started on the most trusted Cloud Mining platform in 2025 1. Sign up on your PC or mobile device here 2. Receive your free $10 welcome bonus 3. Active your first cloud computing power with the bonus4. Monitor rewards using its real-time analytical tool 5. Access free withdrawal anytime
Business Upturn
14 hours ago
- Business
- Business Upturn
Cloud mining service ushers in a new era: no equipment required, instant profit, green and sustainable
London, UK, June 19, 2025 (GLOBE NEWSWIRE) — With the maturity of blockchain infrastructure and the rise of decentralized economy, traditional cryptocurrency mining methods are facing many challenges – expensive hardware, complex configuration, high electricity costs and rising technical barriers. Blockchain Cloud Mining attempts to use a completely different way to allow individual users to easily participate in mining and obtain daily income. Simple registration, immediate start The concept of Blockchain Cloud Mining is 'Let everyone become a miner.' According to the platform, any user can complete account registration in just a few minutes and automatically obtain a trial mining contract for new users, without providing a credit card or deploying equipment. The contract value is equivalent to a primary mining machine contract, which can mine popular currencies including Bitcoin (BTC), Dogecoin (DOGE) or Litecoin (LTC). Compared with traditional mining, this model almost eliminates the entry barrier. There is no hardware maintenance and no energy bills to deal with. The system automatically distributes daily income to the user's bound wallet, truly realizing the vision of 'making money by opening an account'. Passive income is becoming a digital trend In the current macroeconomic environment, more and more individual investors are looking for passive income methods. BlockchainCloudMining just meets this trend and has become a 'low intervention' option in many people's digital asset portfolios. The income distributed daily depends on the contract computing power and current market conditions. The platform provides multiple contract levels from free trial to advanced packages, and users can choose according to their own budget. After gaining confidence in the initial experience, many users will choose to upgrade the contract in exchange for higher stable returns. According to platform data, some high-level contract users can earn hundreds of dollars a day, far exceeding the annualized rate of return of some traditional financial instruments. Using green energy to respond to the global low-carbon call It is worth mentioning that the mining facilities used by the BlockchainCloudMining platform are distributed in Canada, Iceland and Northern Europe, and are 100% driven by hydropower and geothermal energy. This strategy not only reduces operating costs, but also complies with increasingly stringent environmental policies, bringing the platform the advantage of 'sustainable'. A spokesperson for the platform pointed out: 'We understand that many users have concerns about the environmental protection of mining, so we always insist on only deploying computing facilities in areas using clean energy.' Multi-language, multi-wallet compatible, facing the global market BlockchainCloudMining currently supports more than 15 languages, covering more than 100 countries including the United Kingdom, Germany, Turkey, the Philippines, Nigeria, Brazil, etc. Users can choose to connect through mainstream wallets such as Coinbase, Robinhood Wallet, Trust Wallet, MetaMask, etc., which greatly facilitates the flexible management of digital assets. For beginners, the platform has designed a graphical operation panel and a real-time income tracking system, so that users can clearly see each reward, contract cycle and historical records. For senior users, it also provides multi-contract combination strategies, profit multiplication mechanisms and API access capabilities for easy expansion. The invitation and recommendation system is not the main feature, but it enhances the vitality of the community Unlike some platforms that put the recommendation reward mechanism at the core of publicity, Blockchain Cloud Mining regards it as a natural supplement to 'community development'. Users can choose to participate in or ignore the system. After inviting friends to join, they will receive a certain proportion of mining income in proportion, but all core functions can be run independently without invitations. The platform has also recently launched a series of community interactive activities, such as 'weekly income challenge', 'green mining commitment certification', 'contract income simulation', etc., which further enhance user participation and stickiness. Cloud mining enters the mainstream vision As the difficulty of Bitcoin mining continues to rise and the market fluctuates frequently, the living space of individual miners is shrinking. Cloud mining provides a compromise and flexible way of participation, giving more ordinary users the opportunity to share the growth dividend of the blockchain economy without taking equipment risks. In this context, Blockchain Cloud Mining's low threshold, high transparency and green concept have attracted more and more attention from industry observers and users. In the future, whether this 'Mining-as-a-Service' model can completely change the crypto investment landscape remains to be seen. But what is certain is that the boundaries of the crypto world are constantly expanding, and new entrances are opening up to global users in a simpler and lower-cost way. Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
