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HTX Ventures Invests in Lombard to Develop the Bitcoin Restaking Ecosystem

HTX Ventures

Singapore / July 8, 2024 – To enhance the liquidity and the ecosystem for Bitcoin, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Lombard. Lombard is a restaking protocol poised to catalyze growth across the Web3 ecosystem by transforming Bitcoin from a static store of value into a productive financial asset. Lombard builds its restaking product on top of the Bitcoin staking protocol Babylon, which allows individuals to use Bitcoin to secure other proof-of-stake networks. Lombard increases liquidity for staked BTC by issuing LBTC, a liquid and yield-bearing representation of BTC. LBTC can move seamlessly across chains and decentralized finance (DeFi) platforms as collateral without compromising security. LBTC will soon be integrated into the most popular DeFi protocols on the Ethereum Mainnet before launching on widely used Layer 2 (L2) chains later this year. “Liquid restaking is the next revolution for the Bitcoin Ecosystem, and Lombard is the project driving this transformation,” said Edward, Managing Partner at HTX Ventures. “Lombard is rapidly expanding to onboard the LBTC token onto major ecosystems and DeFi protocols. This will enable Bitcoin to be lent, borrowed, and traded, unlocking tremendous utility for Bitcoin holders and revitalizing the BTC ecosystem. HTX Ventures is incredibly excited to partner with Lombard to empower Bitcoin holders and the broader BTC ecosystem.” “We are delighted to have HTX Ventures for investing in the development of LBTC as a new core primitive. LBTC will unlock a massive amount of net-new capital into the ecosystem and bring new liquidity and users to DeFi protocols and exchange platforms. HTX Ventures shares Lombard’s mission to accelerate on-chain finance and we look forward to building on these synergies to accelerate the growth of LBTC,” said Jacob Phillips, Co-founder, Lombard. LBTC will soon be accessible to all and supported by all chains and DeFi protocols. Join the LBTC Waitlist for exclusive access to LBTC and rewards for early participation. About Lombard Named after the historic Lombard Street in London—a hub of financial activity since the Middle Ages—Lombard symbolizes a place where all participants are connected to opportunity. By adopting the Lombard name, we rebuild its legacy on digital blocks, transforming it into a modern nexus of innovation and connectivity. Founded in April 2024, Lombard is dedicated to unlocking Bitcoin's potential as a dynamic financial tool by connecting it to DeFi. We are a diverse team of DeFi natives, working with technology and infrastructure partners towards a shared, ecosystem-driven mission to collectively onboard Bitcoin to DeFi. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless Ventures, Gitcoin, Figment, and Animoca. Visit us here. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

July 08, 2024 12:14 PM Eastern Daylight Time

TRON DAO Announces HackaTRON Season 6 Winners and Season 7 Preview

TRON DAO

Geneva, Switzerland, July 8, 2024 - TRON DAO proudly announces the distinguished teams from HackaTRON Season 6, co-hosted by HTX DAO, BTTC, and JustLend DAO. With over a thousand participants building innovative projects in the TRON ecosystem, the season concluded with great success. Winners have been awarded their respective share of the $650,000 prize pool. Participants across various tracks, including Web3, DeFi, Artistry, Integration, and Builder, received the following amounts: 1st Place winners in each track received $25,000, 2nd Place winners received $15,000, 3rd Place winners received $10,000, 4th Place winners received $8,000, and 5th Place winners received $6,000. *Note: All prizes were issued in USDT equivalent in TRX, not USD, restrictions applied. The HackaTRON Season 6 winners by track are as follows: Judge-Selected Winners Web3 Track The Web3 category aims to honor teams that usher along the transition of Web 2.0 to Web 3.0 by introducing next-gen DAO tools, SocialFi, blockchain/web infrastructure, SDKs, and other Dapps. The winners of the Web3 track are as follows: BlinkAI by Blink Transatron by Transatron Toqen Factory by Decentra CIROTRX by Brutus Finance SaveWallet by TronSave DeFi Track Showcasing projects that transform finance through decentralization, empowering individuals with transparent, accessible, and inclusive protocols for asset management. The winners of the DeFi track are as follows: HandShake by HandShakers GuessThePrice by GuessThePrice ChickenSwap/Bot by Coconut Chicken Staqe Protocol by Decentra TronEnergize by TronEnergize Artistry Track Where entertainment meets blockchain technology. The artistry track spotlights creative prowess in visual projects that embrace GameFi, NFTs, assets, and ventures related to the Metaverse. The winners of the Artistry track are as follows: Unclaimed - Fall of Mankind by Unclaimed TOBA by TOBA STAR-EX by Theras-Labs Decentralised Character AI by PixelCrafter Tronquility by Arcane Oracle Integration Track The Integration track, previously coined as the A.I. track, prompts participants to integrate advanced protocols into the TRON ecosystem, urging them to incorporate existing protocols, Dapps, or services on TRON/BTTC into their applications. Participants create impactful features/tools for enhancing applications within the TRON/BTTC ecosystems. The winners of the Integration track are as follows: JustMoney Explorer by JustMoney CodeHive by HiveTeam AnkerPay Tron by AnkerPay File-Wallet by AmphibianDev BttTipBot by onchaindev Builder Track Acknowledging teams who have previously participated in TRON hackathons and have a working project that they would like to improve upon and update with new features. The winners of the Builder track are as follows: Block Fabric by BlockFabric Vaulidity (formerly Solide) by Solide Project USTX BOND by USTX Monetizado by Monetizado Pravahini by Pravahini Community Forum Selected Winners The prize distribution for the winners chosen by the vibrant TRON community forum is equally exciting: the first-place victor secured $7,000, the second-place winner $6,000, the third-place $5,000, and the fourth and fifth-place winners will be rewarded with $4,000 and $3,000, respectively. Web3 SaveWallet by TronSave ClaimFreeTRX by Stian uDawgBot by uDawgDAO CiroTRX by Brutus Finance Promptron by 0xmad DeFi TronEnergize by TronEnergize GuessThePrice by GuessThePrice ChickenSwap/Bot by Coconut Chicken HandShake by HandShakers Nobles by Nobles Artistry Unclaimed - Fall of Mankind by Unclaimed Decentralised Character AI by PixelCrafter STAR-EX by Theras-Labs Strongcoin by Strongteam Cricket Clash by Cricket Clash Integration JustMoney Explorer by JustMoney BttTipBot by onchaindev IntegraTRON by Decon File-Wallet by AmphibianDev CodeHive by HiveTeam Builder JustMoney Swap by JustMoney Pravahini by Pravahini World Craft by World Craft’ers OnChainVision by onchaindev AwpSwap by AwpSwap BONUS Prizes Project Engagement The project engagement category celebrates projects with strong community engagement that haven't yet received recognition. Jumble Dude QuestArcade Determination Prize The Determination Prize is for those projects that, despite not making it past the pre-selection round or being fully operational on the mainnet by June 28, have still earned outstanding feedback from the community. D-Safe Library ZombieLand Ecosystem Prize The Ecosystem Prize is applicable to projects that are actively involved in the TRON community, whether online or at events, and across various social platforms in the TRON ecosystem, but haven't yet received any prizes. ChickenWars Cukies Brain Buzz Community Contributor Prize At the heart of HackaTRON’s success lies the commendable efforts of the ‘Top 10 Community Contributors’, a testament to the power of active participation. These individuals are acknowledged for their unwavering commitment, each meriting a reward of $500: Andreaxino chukseucharia fabsltsa Gordian HODL ines_valerie manfred_jr Nweke-nature1 Prince-Onscolo Youngyuppie HackTRON Season 7 Preview As HackaTRON Season 6 concludes, TRON DAO is gearing up for an even more dynamic Season 7, with new sponsors, judges, and co-hosts. The tracks for HackaTRON Season 7 will remain consistent with those of Season 6. Participants can look forward to Web3, DeFi, Artistry, Builder and Integration categories. Stay tuned for further updates and announcements. HackaTRON Season 7 Key Dates Please see the important dates for Season 7 below: Jul 25 - Oct 8, 2024: HackaTRON S7 Submission Period Oct 9 - Oct 23, 2024: Pre-selection Period Oct 24 - Oct 31: Judging & Community Voting Period Nov 13: Qualifiers & Winners Announcement Stay updated and get involved by following TRON DAO on X and visiting the HackaTRON official page for the latest news and participation opportunities. Get ready to integrate, innovate, and inspire with HackaTRON Season 7! About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2024, it has over 241 million total user accounts on the blockchain, more than 7.9 billion total transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

July 08, 2024 10:10 AM Eastern Daylight Time

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This Bitcoin Miner Is Ready To Expand With Q1 Performance Review

SATO Technologies Corp.

By Johnny Rice, Benzinga Romain Nouzareth, CEO and chairperson of SATO Technologies Corp. (OTC: CCPUF) (TSXV: SATO) was recently interviewed by Benzinga. SATO is a provider of efficient computing power. The company currently operates a data center tailored to produce computing power for Bitcoin mining, but may look to expand or add additional data centers for computing power for High Performance Computing, Artificial Intelligence and Layer 2 (L2) solutions. The company just posted promising financial results for Q1 2024. Watch the full interview here: Featured photo by André François McKenzie on Unsplash. SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates a data center tailored to produce compute power for Bitcoin Mining, but may look to expand or add additional data centers for computing power for Bitcoin Mining, High Power Computing (“HPC”), Artificial Intelligence (“AI”), and L2’s. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Cautionary Statement Regarding Forward-Looking Information This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Contact Details Yujia Zhai +1 860-214-0809 yujia@orangegroupadvisors.com Company Website https://www.bysato.com/

July 08, 2024 08:30 AM Eastern Daylight Time

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Stack Identity Announces Expansion of Its Identity-First Platform to Address Non-Human Identity Governance

Stack Identity

Stack Identity, a leader in identity security, announces a significant expansion of its platform to include non-human identities. This enhancement addresses the growing needs of modern enterprises in managing and securing digital identities, thereby bolstering identity security posture, threat detection, and compliance. "Bad actors are relentlessly targeting your identities, authentication processes, and IAM systems. Our platform correlates attacker enumerations and actions across IDP, cloud, SaaS, and databases to expose suspicious and malicious behavior, tackling the root causes of these exposures," said Venkat Raghavan, founder and CEO of Stack Identity. "The rise of the AI era has led to unprecedented data sharing through service principals, tokens, secrets and API keys creating significant challenges in governing non-human identities. The Stack Identity platform excels in seamlessly integrating human and non-human identities, recognizing that behind every non-human identity is a human who bears ultimate responsibility and accountability," said Al Ghous, CISO and Advisor. Key Features and Benefits Comprehensive Identity Governance: Stack Identity's platform offers the industry's first converged solution for identity security governance, integrating governance controls, workflows, access reviews, and certifications. This comprehensive approach reduces identity and entitlement sprawl, strengthens overall identity posture, and minimizes identity-related threats. Enhanced Functionality: Continuous Access Reviews and Certifications: Includes reviews for identity posture, IDP access, cloud, and SaaS admin access. Governance Controls: Introduces new controls to manage privileged accounts, reducing the risk of unauthorized access. Threat Detection and Access Graph: Features improved tools for monitoring SaaS entitlements, detecting identity threats, and visualizing access patterns. Dynamic Credential Management: Replaces static secrets with dynamic credentials to enhance security and reduce exposure risk. Lateral Movement Prevention: Implements controls to prevent unauthorized lateral movement within networks. Just-in-Time Access Controls: Converts static secrets and rarely used access to dynamic RBAC for improved security. Specialized Campaigns: Supports critical access scenarios like GitHub collaborator access, PCI DSS 4.0 compliance, and third-party data sharing. "With the surge in unprecedented data sharing, enterprises now face the challenge of managing massive entitlement sprawl as SaaS applications and customer data proliferate. Effective lifecycle management for non-human identities across cloud accounts has become essential. It’s impressive to see that Stack Identity’s platform now enables consistent management of both human and non-human identities," said Steve De Jong, Distinguished Engineer at Vercara. Company Growth and Deployment Success Remarkable Customer Growth: Stack Identity has achieved a 500% increase in its customer base, reflecting strong market demand for its solutions. Wide Deployment: The platform is now deployed across major enterprises in sectors including financial services, FinTech, cloud technology, and insurance technology. About Stack Identity Stack Identity is a pioneer in identity governance, offering innovative solutions to secure and manage digital identities across cloud and on-premises environments. The company's Identity-First Governance platform helps organizations reduce risk, ensure compliance, and strengthen their security posture. Contact Details Twinkle Khanna +1 832-878-6915 twinkle.khanna@stackidentity.com Company Website https://stackidentity.com/

July 06, 2024 09:00 AM Eastern Daylight Time

The Indian Medical Association Recognizes iLearningEngines And Oculis Services' Innovative, AI-Driven First Responder Program

Benzinga

By Kyle Anthony The Indian Medical Association (IMA), the largest represented organization of doctors of the modern system of medicine in India, recognized iLearningEngines (NASDAQ: AILE) and Oculis Services for their joint venture program focused on first responder training for teens. The objective of the program is to empower students aged 14-18 with the necessary skills to make a significant difference in emergencies. The hybrid model combines AI-supported online modules with personalized in-school training programs. Instilling Preparedness Launched in September 2023, the First Responder Program is a comprehensive initiative that not only equips students with the skills and confidence to act swiftly and effectively during emergency situations but also contributes to the creation of a safer and more prepared community. With over 30 schools already registered, the program is a key part of those schools’ extracurricular programs, preparing students to become competent and confident first responders. Indian Medical Association Acknowledgement The Indian Medical Association recognized iLearningEngines and Oculis Services for their pioneering efforts in teaching life-saving skills to the youth. The IMA recognizes the significance of empowering students with practical emergency response techniques. Regarding the IMA’s acknowledgment and praise of the First Responder Program, Ratish Nair, AVP of Sales & Business Development of iLearningEngines, stated, “The collaboration between iLearningEngines and Oculis Services reflects our shared vision of leveraging technology and education for the greater good. We are honored to be recognized by the Indian Medical Association for our joint efforts in empowering the next generation of first responders.” About iLearningEngines iLearningEngines is an Applied AI platform for learning and work automation that empowers its enterprise and education for customers to “productize” their institutional knowledge, improve efficiency and drive better, mission-critical business outcomes. The company operates at the intersection of three large and growing markets: global artificial intelligence, global e-learning and hyper-automation. Recently, the company announced that it officially joined the broad-market Russell 3000® Index, as of the opening of trading on July 1, as well as other related indexes. The annual Russell U.S. Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective market-capitalization rankings and style attributes. Featured photo by Khyta on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 05, 2024 08:45 AM Eastern Daylight Time

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Notcoin Continues To Freefall! Could 100x Breakout Presale Be The Answer For Bitcoin Whales?

Total Media

The continued fall of Notcoin has recently had the cryptocurrency market talking. It has recently seen its value plummet due to various factors, including market saturation and diminishing investor confidence. Amid this turmoil, Raboo offers a glimmer of hope with its 100x Breakout Presale, drawing the eyes of Bitcoin whales searching for lucrative new ventures. This presale isn't just a potential lifeline for distressed crypto investors; it's poised to catalyze significant shifts within the market. Read on as we discuss how Raboo's strategic move could redefine investment trajectories in the ever-evolving crypto landscape. Notcoin continues to freefall Notcoin has recently experienced significant market fluctuations, with a sharp decline of about 40% over the last month. This reflects the high volatility and speculative nature that often characterizes Play-to-Earn and meme-driven cryptocurrencies like Notcoin. These market dynamics highlight several issues impacting Notcoin's position in the cryptocurrency sector. The rapid changes in its value can erode investor confidence and make it challenging for long-term stability. If Notcoin fails to innovate or stabilize its market presence, it could face diminishing investor interest over time, which could have long-term detrimental effects on its valuation and utility. The broader impact on the market and investor trust revolves around this high volatility and the speculative nature of assets like Notcoin, which can lead to significant price fluctuations based on investor sentiment and market trends. Bitcoin's recent market performance Bitcoin's recent market downturn can be attributed to a few significant factors. With a 12.4% decline in the last month, one major contributor has been the large-scale selling by the German government, which has offloaded substantial Bitcoin holdings, triggering price volatility. A general slowdown in whale trading activity has also played a role. These whales have reduced their transactions drastically, indicating a cautious approach, which usually leads to decreased market liquidity and lowered prices. This downturn has led Bitcoin whales to explore other investment avenues, seeking higher returns with lower price volatility. New and promising projects like Raboo's 100x breakout presale are drawing attention as alternative investment opportunities. Bitcoin's fluctuations influence the broader crypto market, impacting investment strategies and the financial dynamics within the crypto space. Such shifts underscore the interconnected nature of the market, where significant moves by influential entities or changes in a leading cryptocurrency like Bitcoin can ripple across the entire ecosystem. Could 100x breakout presale be the answer for Bitcoin whales? Raboo's 100x breakout presale has captured the attention of major investors, including Bitcoin whales, thanks to its innovative use of AI technology and a robust community-driven approach. The presale highlights features such as AI-enhanced user interactions and a Post-to-Earn model, which incentivises user participation and content creation. Now in its fourth stage, priced at an attractive $0.0048, Raboo has experienced a 60% increase since its initial price offering of $0.003, with over $1.6 million raised, 10,000 registered users, and 2,900 token holders. This impressive growth showcases its appeal as a dynamic player in the evolving meme coin sector. The strategic maneuvers behind Raboo's presale include targeted marketing campaigns that leverage social media platforms and crypto forums to enhance visibility and attract a diverse investor base, distinguishing it from competitors like Notcoin, which has struggled amid market volatility and investor skepticism. Raboo's successful presale strategy contrasts Notcoin's challenges and positions it as a compelling investment opportunity for Bitcoin whales seeking high returns in the memecoin market. Conclusion As Notcoin navigates its market challenges, Raboo's 100x breakout presale emerges as a beacon for investors, especially Bitcoin whales seeking high-growth prospects. This shift could redefine investment strategies within the cryptocurrency sphere, illustrating the impact of innovative presales on broader market dynamics. Investors are advised to keep a close eye on Raboo's ongoing presale, which promises to influence the market's future trajectory and offer substantial returns. This pivotal moment could reshape how investments flow in the volatile crypto landscape. You can participate in the Raboo presale here. Telegram: https://t.me/RabootokenPortal Twitter: https://twitter.com/Raboo_Official Contact Details Total Media Solutions media@Totalsolutionspr.io Company Website https://rabootoken.com

July 04, 2024 01:00 PM Eastern Daylight Time

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Nextech3D.ai Expands into Specialty Retail E-Commerce with Wyvern Creations Partnership

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce an exciting expansion of the company's 3D business into the specialty retail e-commerce sector. This development is marked by the onboarding of their new customer, Wyvern Creations, the largest independent crossbow dealer in the country. Wyvern Creations plans to convert all its products into 3D models, enhancing the online shopping experience for its customers. During the discussion, Gappelberg highlighted the accelerating growth of the 3D industry in which Nextech3D.ai operates. Wyvern Creations' owner reported that customer feedback has been overwhelmingly positive towards the integration of 3D augmented reality (AR). This technology allows online customers to view crossbows in their own homes before making a purchase, significantly enhancing the shopping experience compared to traditional web pages and reducing the necessity of physical store visits. Gappelberg emphasized that one of the key benefits of Nextech3D.ai's 3D modeling solutions is the ease of integrating 3D and AR assets on customer websites. The integration process for Wyvern Creations' online store was seamless, showcasing a wide range of crossbows using advanced 3D imaging. This allows customers to visualize and compare products in a realistic manner, including innovative applications such as video game tie-ins. The move to 3D models not only offers a significant upgrade to the online shopping experience but also positions Wyvern Creations at the forefront of retail innovation. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

July 04, 2024 10:40 AM Eastern Daylight Time

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What's Trending Now - Summer Must-Haves

News Media Group, Inc.

Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

July 03, 2024 04:42 PM Eastern Daylight Time

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HTX Ventures Invests in RedStone Oracles to Expand Modular DeFi Infrastructure

HTX Ventures

Singapore / July 2, 2024 – In support of a more efficient and user-friendly DeFi market, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in RedStone. RedStone is one of the fastest-growing modular oracles in 2024 that delivers diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, including Starknet, Fuel Network, and TON. RedStone's modular nature enables it to provide data feeds that are unavailable elsewhere, specializing in yield-bearing collateral for lending markets, especially LSTs and LRTs. Its modular pricing engine ensures the highest accuracy and relevance by consistently updating. Moreover, RedStone is chain-agnostic, meaning it can push data to numerous EVM and non-EVM ecosystems, rollups, and various app chains. This makes it an ideal partner for Rollup-as-a-Service providers and Eigenlayer AVSes. Currently, RedStone's Total Value Secured (TVS) has grown to $4 billion, expanded to over 60 chains, and served more than 100 clients such as EtherFi, Pendle, Morpho and Ethena. RedStone recently closed its $15 million Series A round, led by Arrington Capital. The funds will be used to expand the Marketing and Business Development divisions, fueling an extensive Q3/Q4 growth pipeline. RedStone is currently testing Oracle Extractable Value (OEV) implementation, scheduled for trial with customers in the coming months, and preparing for the launch of its native token later this year. "RedStone is introducing an exciting advancement to DeFi with its modular design," said Edward, Managing Partner at HTX Ventures. "DeFi users will benefit from new and precise data feeds, as well as push and pull data services. RedStone's chain-agnostic feature allows it to provide services across various layers. At HTX Ventures, we are thrilled to witness new innovations within the oracle space and are eager to collaborate on building better infrastructure and tools for DeFi." Jakub Wojciechowski, CEO of RedStone Oracles, commented, "This Series A round gives us ample financial runway to broaden our suite of services while bringing reliable real-world data to a host of blockchain-based protocols. Sincere thanks to our investors and community for their fervent support, and believe me when I say - we are just getting started." RedStone is also preparing for the upcoming launch of Season 2 of RedStone Expedition – an interactive community engagement initiative giving participants the chance to accumulate RSG (RedStone Gems) points through a diverse array of activities. Interested parties can sign up here: RedStone Expedition. About RedStone RedStone is a modular oracle delivering diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, i.e., Starknet, Fuel Network, or TON. By responding to market trends and developer needs, RedStone can support assets not available elsewhere. The modular design allows for data consumption models adjusted to specific use cases, i.e., capital-efficient LSTfi and early support of LRTs. Trusted by Pendle, Morpho, Venus, Ethena, ether.fi & more. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

July 02, 2024 11:09 AM Eastern Daylight Time

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