Latest news with #DeFi
Business Upturn
4 hours ago
- Business
- Business Upturn
Toobit Integrates TON for USDT Deposits and Withdrawals, Offering Faster and Cheaper Transactions
GEORGE TOWN, Cayman Islands, June 20, 2025 (GLOBE NEWSWIRE) — Toobit, an award-winning cryptocurrency exchange, today announces the integration of the TON (The Open Network) blockchain for Tether (USDT) deposits and withdrawals on its Spot platform. This upgrade offers traders a faster, more cost-efficient, and scalable option for managing USDT transactions. By adding TON support, Toobit is strategically tapping into one of the fastest-growing blockchain ecosystems, with over 153 million total created addresses as of 2025. The addition will also enhance the speed and affordability of USDT transfers, helping users optimize their trading and asset management strategies. 'We are thrilled to bring the benefits of the TON network to our users,' said Mike Williams, Chief Communication Officer at Toobit. 'We saw a clear demand for more network diversity and greater capital efficiency. Integrating TON is a direct response towards providing a reliable, high-speed, and extremely low-cost rail for USDT.' Key benefits for Toobit traders Improved capital efficiency: Traders can now move USDT with network fees averaging just $0.01 to $0.02 per transaction. More capital can be used for trading, not for network costs. Traders can now move USDT with network fees averaging just $0.01 to $0.02 per transaction. More capital can be used for trading, not for network costs. Faster strategy execution: With transaction finality achieved in approximately five seconds, the integration allows for the near-instantaneous transfer of assets. With transaction finality achieved in approximately five seconds, the integration allows for the near-instantaneous transfer of assets. Expanded network choice: By adding TON, Toobit connects its users to a network that is rapidly expanding, now boasting over 9 million active wallets and a Total Value Locked (TVL) of more than $155 million in its DeFi ecosystem. To start using TON for USDT transfers, users can simply go to their USDT wallet on Toobit and select TON as their preferred network for deposits or withdrawals. The move comes in response to growing demand for more efficient blockchain networks. Known for its high throughput, multi-blockchain architecture, and minimal fees, TON can theoretically process millions of transactions per second, making it an ideal solution for active traders. About Toobit Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what's next. For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram Contact: Davin C. Email: [email protected] Website: Disclaimer: This content is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at 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
Associated Press
4 hours ago
- Business
- Associated Press
Bitcoin Solaris Enters Final Weeks of Presale with Explosive Growth and Mobile Mining Breakthrough
TALLINN, Estonia, June 20, 2025 (GLOBE NEWSWIRE) -- Bitcoin Solaris (BTC-S), a next-generation blockchain project focused on scalability, energy efficiency, and mobile accessibility, has officially entered the final weeks of its presale, marking a pivotal moment for early adopters. With the presale set to close on July 31, momentum is surging as thousands of users join what's quickly becoming one of the most talked-about launches in the crypto space. At the heart of Bitcoin Solaris is a mission to create a blockchain that's not only high-speed and secure but also accessible to everyday users. Designed with mobile-first infrastructure and built on a dual-consensus model, BTC-S is setting the stage for a blockchain ecosystem capable of supporting real-world use cases—from decentralized finance (DeFi) and NFTs to tokenized real estate and e-voting. The Engine Behind Bitcoin Solaris: Power Meets Practicality Bitcoin Solaris doesn't just promise innovation, it delivers it at the protocol level. By combining a dual-consensus mechanism and mobile-first scalability, BTC-S brings a completely modernized architecture to the table. Here's how it breaks away from outdated networks: The performance is unmatched in its tier: Smart Contracts at Lightning Speed See Why Developers Love BTC-S A Wealth-Building Engine for the Mobile Generation At the core of BTC-S's mass appeal is its accessibility. The upcoming Solaris Nova app introduces mobile mining, allowing users to participate using just their smartphones, no expensive rigs, no complicated setups. You can estimate potential earnings through their mining calculator, showing exactly how BTC-S plans to bring mining rewards back to the people. This seamless user experience is one of the key reasons the project is catching fire. Unlike Bitcoin, which requires industrial-scale hardware to earn a fraction of a coin, Bitcoin Solaris is opening the gates for everyday investors to benefit directly from the network's growth. Real-World Utility Backed by Robust Infrastructure Bitcoin Solaris is more than just a fast network. It's built for real-world adoption, including support for: The dual-layer architecture also enhances privacy via optional Zero-Knowledge Proofs and protects against 51% and long-range attacks, making BTC-S a secure, high-speed alternative for serious developers and investors alike. Security and transparency are reinforced by successful audits from both Cyberscope and Freshcoins, giving investors confidence in its infrastructure. The Presale Frenzy: Numbers Don't Lie Bitcoin Solaris is currently in Phase 8 of its presale, priced at just $8. With a launch price set at $20, and less than 7 weeks left until it ends on July 31, the clock is ticking. Visit the Bitcoin Solaris site now before it enters Phase 9. Momentum is growing fast, just check crypto YouTube channels. Influencers like Ben Crypto and 2Bit Crypto have each done a full breakdown of why this is one of the most exciting crypto launches this year. Why Bitcoin Solaris Could Make Its Early Backers Rich There's no one-size-fits-all in crypto, but Bitcoin Solaris is checking all the right boxes for those hunting high-upside projects: More than just a presale buzzword, BTC-S represents the kind of practical, accessible crypto opportunity that's been missing from the market for years. The fact that the network is designed to reward real usage, not just holding, means that early adopters stand to gain much more than just token appreciation. As excitement builds and new features continue to roll out, Bitcoin Solaris is proving it's not here to follow Bitcoin, it's here to outshine it. For more information on Bitcoin Solaris: Media Contact: Xander Levine [email protected] Press Kit: Available upon request Disclaimer:This is a paid post and is provided byBitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information do not guarantee any claims, statements, or promises made in this content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press the event of any legal claims or charges against this article, we accept no liability or does not endorse any content on this page. Legal Disclaimer:This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or assume no responsibility for any inaccuracies, errors, or omissions. Photos accompanying this announcement are available at :
Yahoo
14 hours ago
- Business
- Yahoo
Crypto Exchange Kraken Adds Bitcoin Staking Via Babylon as BTC Driven DeFi Picks Up
Crypto exchange Kraken has launched bitcoin BTC staking through a new integration with Babylon, as decentralized finance on BTC picks up. Babylon is a Bitcoin-native protocol that enables BTC to secure proof-of-stake (PoS) networks without leaving the blockchain. The service allows Kraken users to stake their bitcoin directly, locking it in a custodial vault on the native chain. The staked bitcoin is then delegated to PoS networks via Babylon, and rewards are paid in BABY, the token of Babylon Genesis, a bitcoin-secured Layer 1, Kraken said. Bitcoin has historically been used as a store of value and a medium of exchange. The advent of novel security sharing protocols has made BTC staking a third native use case, bitcoin DeFi, for the world's largest cryptocurrency. The Bitcoin network is "evolving into a broader decentralized finance ecosystem with the emergence of Bitcoin DeFi," Binance Research said in a report in March. Only ~0.8% of the bitcoin supply is currently being used in DeFi, and this presents a large "untapped opportunity," the report said. Binance, the competing crypto exchange of Kraken, also offers a bitcoin staking opportunity on its platform through Babylon. 'With this launch, clients can earn a return on their BTC while also enabling emerging PoS blockchains to benefit from the economic weight of bitcoin in order to validate transactions and bolster the security of their networks,' said Kraken's Global Head of Consumer, Mark Greenberg, in the release. The mechanism is fully on-chain, with staking governed by Bitcoin scripts and cryptographic safeguards to deter malicious behavior. Users can unstake at any time, with around a 7-day unbonding period. The crypto exchange first introduced custodial staking in 2019. The bitcoin staking feature is now available across all Kraken platforms.
Business Upturn
16 hours ago
- Business
- Business Upturn
Kinetiq Announces iHYPE: Institutional Staking Product for Hyperliquid (HYPE Token)
NEW YORK, June 19, 2025 (GLOBE NEWSWIRE) — Kinetiq (the 'Company') is pleased to announce the development of iHYPE, a dedicated institutional liquid staking product designed to meet rapidly growing institutional interest in HYPE, the native token of the Hyperliquid blockchain. Kinetiq will be engaging IMC Trading, Flowdesk, as well as one of the largest Qualified Custodians (QC) serving the crypto industry. This is complimented by several institutional-grade validators to ensure that any firm can acquire HYPE (staked via Kinetiq) in a compliant manner — from acquisition and custody, to staking and validator delegation. The development of iHYPE represents a significant expansion of Kinetiq's liquid staking offering and is intended to provide institutional investors with compliant, enterprise-grade access to Hyperliquid's native staking yields and network participation, without requiring direct involvement in secondary token markets. Meeting Market Demand Kinetiq has received substantial inbound from funds and allocators looking for secure, auditable, and institution-friendly infrastructure to participate in Hyperliquid's unprecedented growth. iHYPE is Kinetiq's response to that demand, providing institutions with a compliant gateway to Hyperliquid as it ushers in a new generation of completely onchain, global finance. ' Flowdesk is proud to support Kinetiq as a dedicated trading partner for iHYPE upon launch. Enabling compliant access for clients is a critical step as they build out their institutional-focused Hyperliquid product line, ' said Hanson Birringer, Head of US Sales at Flowdesk. Hyperliquid's technical capabilities include fully onchain order books for both perpetual futures and spot markets that boast throughput of over 200,000 transactions per second, capturing the attention of allocators across digital asset and legacy financial markets. iHYPE is being developed to remove barriers preventing institutional capital from accessing this ecosystem. iHYPE is currently undergoing security audits, compliance reviews, and operational integrations ahead of its public launch. With iHYPE, Kinetiq will deliver a staking solution that meets the standards of professional asset managers while preserving the integrity and ethos of Hyperliquid. About Kinetiq Kinetiq is a liquid staking protocol built natively on Hyperliquid, enabling users to permissionlessly stake HYPE for kHYPE (Kinetiq-staked HYPE) while retaining full liquidity, and a robust suite of DeFi opportunities. Kinetiq features delegated staking with dynamic, performance-based validator selection, and full integration with Hyperliquid's DeFi ecosystem. iHYPE is a new development by Kinetiq, one offered exclusively to institutions. About Hyperliquid Hyperliquid is a high-throughput Layer 1 blockchain purpose-built to house all of global finance. It supports one-block finality, 200,000 transactions per second, and fully onchain order books for both perpetual futures and spot markets (via HyperCore), alongside general smart contract functionality on HyperEVM. For further information, please contact: Email: [email protected] Website: X: 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
Yahoo
21 hours ago
- Business
- Yahoo
Trump family pulls silent exit from high-stakes venture, cuts 20% stake
Trump family pulls silent exit from high-stakes venture, cuts 20% stake originally appeared on TheStreet. The Trump family has reportedly reduced its stake in its key crypto business venture, World Liberty Financial, Fortune reported on June 19. DT Marks DEFI LLC, one of Trump's companies, has reduced its stake in the crypto venture from 60% to 40% within the last 11 days, the report mentions. Launched in September 2024, World Liberty Financial is a decentralized finance (DeFi) project. As per its official website, President Donald Trump and his sons, Eric, Donald Jr., and Barron, are the co-founders. It claims the president quit the position at the company after assuming office. As per the latest Fortune report, Trump changed the name of DT Tower II LLC, an entity he created in 2016, into DT Marks DEFI LLC. Trump held a 100% stake in DT Tower II LLC. But he reduced his stake to 70% in the new entity, DT Marks DEFI LLC, as his family members — presumably Don Jr., Eric, and Barron — came to assume a 30% stake in it, the report adds. The report also mentions how someone registered three new companies in Delaware in July 2024: DJT Jr DEFI LLC, ET DEFI LLC, and BWT DEFI LLC — all named after the initials of the three sons. While DT Marks DEFI LLC earlier held a 75% stake in World Liberty Financial, it later lowered it to approximately 60%, as previously reported. The crypto venture raised $615 million via the sale of its native WLFI tokens in four rounds, as per ICO Drops. The company has also launched USD1, a stablecoin pegged to the U.S. dollar. As per DeFiLlama, USD1 has a market cap of $2.19 billion and accounts for 0.0086% share of the total stablecoin market cap of $251.73 billion. World Liberty Financial isn't the only crypto venture the Trump family is involved with. Meme coins, crypto exchange-traded funds, non-fungible tokens (NFTs) — there is hardly any crypto business that the First Family hasn't ventured into. Trump's second presidential term has also seen the U.S. administration pursuing an aggressive pro-crypto policy, such as the order to create a strategic Bitcoin reserve and the introduction of bills regarding stablecoin regulation and crypto market structure. Trump's financial relationship to these crypto ventures has raised questions regarding conflicts of interest, with Democrat leaders such as Sen. Elizabeth Warren (D-MA) being the most vocal critics. Trump family pulls silent exit from high-stakes venture, cuts 20% stake first appeared on TheStreet on Jun 19, 2025 This story was originally reported by TheStreet on Jun 19, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
