Author: CryptoCurrencyNews

HONG KONG, June 27, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today announced that it has completed the previously announced acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second through issuance of 146,670,925 Class A ordinary shares of the Company to the sellers in proportion to the aggregate hashrate of the machines sold by each seller (the “Share-Settled Transactions”).

The Company announced signing of the On-Rack Sales and Purchase Agreement for the Share-Settled Transactions (the “Purchase Agreement”) on November 6, 2024, and amendments to the Purchase Agreement on March 26, 2025, April 3, 2025, June 4, 2025 and June 23, 2025. All closing conditions for the Share-Settled Transactions were satisfied or waived in accordance with the Purchase Agreement, including NYSE’s authorization of the Company’s supplemental listing application with respect to the Class A ordinary shares issued at the closing of the Share-Settled Transactions, and the transactions were closed on June 27, 2025.

With closing of the Share-Settled Transactions, Golden TechGen Limited (“GT”), which is the largest seller in the Share-Settled Transactions, currently owns approximately 19.85% of the Company’s total outstanding shares, and all the sellers in the Share-Settled Transactions in the aggregate own approximately 41.38% of the Company’s total outstanding shares before the issuance of any Bonus Shares or Adjustment Shares as described in the press release issued by the Company on June 4, 2025 announcing the third amendment to the Share-Settled Transactions.

The mining machines that the Company purchases in the Share-Settled Transactions are currently in active mining operation and hosted in data centers in several countries outside China, with the majority located in the U.S. The Company will continue to host the machines in their existing data centers and have engaged a service provider to provide operational and maintenance services for the machines after closing of the Share-Settled Transactions. The closing of the Share-Settled Transactions is expected to further support the Company in its expansion and growth in the crypto asset space.

About Cango Inc.

Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the completion, amendment or reversal of any transactions entered into, proposed or considered by Cango; Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com 

Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: ir@cangoonline.com

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SOURCE Cango Inc.

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DUBAI, UAE, June 27, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today released a new crypto insights report with Block Scholes, revealing how landmark U.S. legislative proposals like the GENIUS Act are set to reinforce the U.S. dollar’s global dominance and rewire the international financial order. The report analyzes a new wave of regulatory momentum under the Trump administration, highlighting how new laws could institutionalize digital assets and cement the leadership role of the U.S. in the crypto industry.

The report outlines key regulatory developments under the Trump administration that have boosted investors’ confidence in crypto. The industry stands at the intersection of the dollar’s legacy hegemony, favorable policy shifts in the U.S., and the global trend of increasing regulatory clarity. Institutional and official acceptance of crypto—from stablecoins to BTC, is being coded into laws.

Key Insights:

• Reinventing the USD – the GENIUS Act: To rejuvenate the greenback’s dominance in the international financial system, U.S. lawmakers have long been pushing for digital asset legislation that can balance consumer protection and innovation. This underscores the GENIUS Act’s significance as the U.S. asserts its might in a volatile world: the future of money will still be denominated in the U.S. dollar.
• A million BTC in reserves: U.S. legislators are seeking creative ways to defuse America’s time-ticking debt bomb. Some of them are turning to BTC. The newly proposed BITCOIN Act, if passed, will open up demands for 200,000 BTC annually to form part of the U.S. Treasury’s strategic BTC reserves. This will not only cause BTC prices to shoot up, but also signal deeper implications for public recognition and adoption of digital assets.
• The global race to regulate crypto: From South Korea and Pakistan, to the U.K. and Europe at large, no regulator wants to be left behind in the crypto revolution. The report uncovers insights from across the globe and what these changes could mean for the digital asset class.

For detailed insights, readers may download the full report.

#Bybit / #TheCryptoArk / #BybitLearn

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.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SEOUL, South Korea, June 26, 2025 /PRNewswire/ — Protocol Camp, Asia’s leading Web3 bootcamp originally launched in South Korea, is returning with a unified, expanded format. The upcoming edition merges the Korea and Southeast Asia programs into a single initiative aimed at delivering greater impact for blockchain developers and entrepreneurs across the continent.

Originally hosted by Hashed and Hanwha Life – Korea’s second-largest life insurer – Protocol Camp has steadily grown across Asia. The Southeast Asia edition, launched in 2024, was led by ShardLab, Hashed’s innovation arm, in collaboration with SCBX. These partnerships reinforced the program’s strategic relevance and reach. With this integration, Protocol Camp is positioned to scale its influence as a pan-Asian launchpad for Web3 talent.

Proven Track Record of Web3 Talent Development

Since its inception, Protocol Camp has run six cohorts in Korea, producing 69 graduates and incubating 21 blockchain products. Alumni have joined top Web2 companies such as Hanwha Systems, AWS and BCG, and Web3 organizations including Solana, TON, Hashed Open Research, Modhaus, and more — demonstrating the program’s ability to nurture high-caliber talent.

In 2024, the program expanded to Southeast Asia, welcoming over 10 alumni from 5 countries and supporting the creation of new products on the Aptos blockchain. Across both regions, Protocol Camp has built a dynamic builder community shaping the decentralized ecosystem through startups and major blockchain teams.

A New Chapter Led by ShardLab

ShardLab, the innovation arm of Hashed, led Protocol Camp’s Southeast Asia expansion and will now oversee the unified pan-Asian program. This marks a strategic step to broaden the camp’s regional reach and deepen its focus on high-impact Web3 talent.

“By unifying the program, Protocol Camp becomes a true pan-Asian initiative that supports builders wherever they are,” said Hojin Kim, CEO of ShardLab. “Our mission is to empower the next generation of Web3 leaders through education, mentorship, and real-world experience.”

“Through diverse partnerships — from global foundations to regional conglomerates — we’re building a collaborative platform where innovators can thrive,” Kim added.

ShardLab ultimately envisions Protocol Camp evolving into a full-fledged Web3 academy, offering continuous education and resources to help founders scale decentralized innovation.

Shaping the Future of Web3 in Asia

With Web3 adoption on the rise, Protocol Camp remains committed to empowering builders through education, community, and global partnerships. The unified program is set to lead Asia’s next wave of decentralized innovation.

Applications opening soon at www.protocolcamp.com.

Media Contact:
Rachel Kim (rachel@shardlab.com)

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TORONTO, June 25, 2025 /PRNewswire/ — 3iQ Corp. (“3iQ”), a global pioneer in digital asset investment solutions, is pleased to announce it has won awards at three different industry ceremonies, solidifying its position as a leader in the provision of transparent, well-managed and regulated digital asset investment products.

As the first regulated digital asset investment manager to launch a Bitcoin and Ethereum ETP listed on a major global stock exchange, as well as the first provider to integrate staking yields into Ethereum and Solana ETPs, 3iQ is fast becoming recognised as a global leader.

The award categories won by 3iQ are:

• Best Digital Asset Investment Manager at the Digital Commonwealth Awards, held in the City of London’s Mansion House
  
• Best Bitcoin ETF Issuer ($100m+) at the ETF Express Canadian ETF Awards, held at the TMX Market Centre in Toronto
  
• Fund Manager Innovator of the Year at the Wealth Professional Awards 2025, held at the Liberty Grand in Toronto
  

3iQ’s award recognitions come at a time of transformational developments in the crypto industry as digital assets across the world become more widely accepted as an asset class not only for advancing technological innovation, but investment.

Pascal St-Jean, President and CEO of 3iQ, said: “To be recognized as Best Digital Asset Investment Manager at such a prestigious award ceremony in the heart of the City of London demonstrates just how 3iQ is a leader in this space and our Best Bitcoin ETF Issuer and Fund Manager Innovator of the Year accolades are further evidence that we are delivering some of the most innovative ETFs on the markets.”

“We are passionate at delivering the best-in-class digital asset investment products. Ever since launching the world’s first Bitcoin ETF to be traded on a major stock exchange, we have been pushing the boundaries of investment in this new asset class, in particular with QMAP, our digital asset hedge fund platform that provides access to well risk-managed portfolios of investments. These award wins are testament to the hard work of the team and I’d like to congratulate everyone at 3iQ.”

Winners of the Digital Commonwealth Awards were judged by a panel of stringently independent industry leaders, innovators and thought leaders from various sectors within the digital and financial industries. Their collective expertise ensures that each award category is judged with the highest level of professionalism and insight.

James Bowater, Founder and CEO of The Digital Commonwealth, said: “3iQ are trailblazers when it comes to delivering innovative digital asset investment products, so for our independent panel of judges they were a clear winner when it came to selecting them as Best Digital Asset Investment Manager. Congratulations to them and the team.”?

The Service Provider categories undergo a two-step nomination and voting process for the awards. Initially, a survey of industry participants is used to identify nominations for each category. Nominations are then collated and reviewed by the ETF Express editorial team and a shortlist of Service Providers is provided for each category. These shortlists are then combined with the Issuer shortlists to be voted on by the industry in a second survey.

Beverly Chandler, Editor at ETF Express, said:
“Well done 3iQ for your success in being voted as a leader in the provision of digital asset ETFs and we congratulate you for winning the category of ‘Best Bitcoin ETF Issuer ($100m+)’.” 

The Wealth Professional Awards team conduct research and draw on knowledge and information gained through Wealth Professional to support and supplement nominations received and to ensure that no one deserving of recognition is missed. Winners are voted for by an independent judging panel comprising industry leaders and senior representatives.

About 3iQ Digital Asset Management
Founded in 2012, 3iQ is one of the world’s leading alternative digital asset managers, pioneering institutional-grade investments. 3iQ launched the world’s first Digital Assets Managed Account Platform (QMAP), a hedge fund investment solution, offering innovative risk-managed investment solutions to gain exposure to digital assets. 3iQ was also the first to launch a Bitcoin and Ethereum ETP listed on a major global stock exchange, integrate staking into its Ethereum and Solana ETPs boosting investor returns, and offering other regulated ETPs. In 2024, Monex Group, a leading Japanese financial group, took a majority stake in 3iQ. Since 2012, 3iQ has been at the forefront of innovation in digital asset investment management. To learn more about 3iQ, visit 3iq.io

W: https://www.3iq.io/
L: https://www.linkedin.com/company/3iq-corp/
X: https://x.com/3iq_corp

Disclaimer
This release is for informational purposes only, and the content contained herein should not be considered investment advice or a solicitation, offer, or recommendation to sell or buy any asset, strategy, or product. Investing in digital assets involves a high degree of risk, including the loss of principal.

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VICTORIA, Seychelles, June 24, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, proudly announces its prestigious AAA rating on CER.live, a renowned cybersecurity ranking platform for cryptocurrency projects.

This accolade positions KuCoin as the top 6 most secure exchanges worldwide, reflecting its unwavering commitment to user protection and operational excellence. With a 90% security score and perfect 100/100 marks in server security, user security, penetration tests, and its bug bounty program, KuCoin stands alongside industry giants such as Coinbase, OKX, and Kraken, reinforcing its reputation as a trusted platform in the competitive cryptocurrency market.

In 2025, KuCoin has reinforced its security commitment through significant milestones. At TOKEN2049 Dubai, KuCoin announced the $2 Billion Trust Project, which showcases its commitment to the 41 million users through the security-first approach. In addition, the exchange secured the SOC 2 Type II certification, validating its strong internal controls for security, alongside the ISO 27001:2022 certification, aligning with global information security benchmarks. Most recently, on June 19, 2025, KuCoin unveiled a partnership with BitGo that integrates the Go Network for Off-Exchange Settlement. This collaboration enhances security for institutional clients by separating custody and execution. Through multi-year efforts, KuCoin aims to enhance transparency, security, and compliance by integrating advanced features like zero-trust architecture, sophisticated encryption key management, and monthly PoR (Proof of Reserves) reporting. These steps ensure users’ assets are both safeguarded and transparently managed, boosting confidence in the platform.

BC Wong, CEO of KuCoin, emphasized this ethos, stating, “Security isn’t just a feature at KuCoin—it’s the foundation of everything we do, and the AAA rating on CER.live reflects our relentless focus on user safety. We will continue to invest in cutting-edge security technologies and practices to stay ahead of emerging threats.“

Looking ahead, KuCoin is poised to strengthen its security framework. The exchange is also pursuing global regulatory compliance, including the MiCAR license in the EU, to meet evolving standards and ensure a secure trading environment worldwide. CER.live’s AAA rating carries weight due to its rigorous CERtified methodology, which evaluates exchanges on cybersecurity practices, penetration testing, PoR, and bug bounty programs. Integrated into CoinGecko’s TrustScore, these rankings offer users an objective measure of platform reliability, a critical factor in an industry where security lapses can be catastrophic.

Serving over 41 million users across 200+ countries, KuCoin continues to lead by example in the cryptocurrency ecosystem. Its achievements in 2025 highlight a mission to deliver a secure, user-focused platform that builds trust and accelerates Web3 adoption. Through its relentless focus on security, transparency, and innovation, KuCoin continues to set a high standard for the cryptocurrency exchange ecosystem.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at: www.kucoin.com

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