Author: CryptoCurrencyNews

SINGAPORE, July 7, 2025 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending June 30, 2025.

Management Commentary

“Our June production numbers demonstrated the resilience of our mining operations,” said Nangeng Zhang, chairman and chief executive officer of Canaan, “Following a record-breaking May, June production totaled 88 bitcoins, primarily due to a temporary reduction in operating hashrate. The decrease was primarily due to reduced uptime from weather-related curtailment and maintenance. During the month, certain areas of Texas were impacted by both severe storms and continuous high temperatures, resulting in our hosting partner shutting down some machines for site safety as well as site maintenance. In Ethiopia, our 100% green mining activities had a lower uptime due to seasonal drought-related national electricity restrictions.

“Importantly, we continued to build our bitcoin reserves, closing June with a record high of 1,484 bitcoins in our total cryptocurrency holdings. This milestone underscores both our financial strength and our long-term commitment to strategically accumulating bitcoin. This marks a new record for our cryptocurrency holdings, reinforcing our financial flexibility and commitment to building strategic bitcoin reserves.

“At the same time, we continued advancing our North American expansion, with approximately 1 EH/s of new computing power currently en route to our U.S. facilities. Installation is on track for completion by the end of July 2025, further strengthening our operational presence in the region.

“Additionally, in light of ongoing market challenges, we remain focused on protecting shareholder value. We continued executing our stock repurchase program throughout June, demonstrating our confidence in the Company’s long-term prospects and underscoring our disciplined capital allocation strategy.”

Notes:
1.  Defined as the total number of bitcoins owned by the Company on its Balance Sheet including any bitcoins receivable, excluding bitcoins that the Company has received as customer deposits.
2.  Defined as the weighted average percentage that Canaan would share from the total revenues generated according to the applicable joint mining arrangements if 100% of the mining machines consisting of Installed Computing Power (as defined below) were energized.
3.  Defined as the weighted average cost of power if 100% of the mining machines consisting of Installed Computing Power were energized.

Notes:
4.  Defined as the amount of computing power that could theoretically be generated if all mining machines that have been energized are currently in operation including mining machines that may be temporarily offline.
5.  Defined as the sum of Energized Computing Power and computing power that has been installed but not yet energized, if any.
6.  Defined as the amount of computing power that has been delivered to the country where each mining project is located in but not yet installed.
7.  Defined as the sum of Installed Computing Power and Expected Computing Power.
8.  The Company brought offline approximately 0.59 EH/s of mining computing power in Kazakhstan and expects to uninstall the remaining 0.22EH/s in the region in July 2025 due to the change in commercial conditions.

Recent Corporate Updates:

Executive Share Purchase
On June 9, 2025, the Company announced that its chief executive officer and its chief financial officer have acquired an aggregate of 817,268 American Depositary Shares (“ADSs”) at an average price of US$0.76 per ADS, demonstrating their continued confidence in the Company’s long-term prospects.

US$30 Million Stock Repurchase Program
On May 27, 2025, the Company announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$30 million worth of its outstanding (i) American depositary shares (“ADSs”), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares, over the next six months starting from May 27, 2025.

Recent Operational Update:

Expansion of Self-Mining Operations
The Company has shipped approximately 1?EH/s of additional computing power to U.S. sites. These machines are expected to come online by the end of July 2025, underpinning its North American expansion strategy.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. 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. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.’s strategic and operational plans, contain forward-looking statements. Canaan Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, 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 Canaan Inc.’s beliefs and expectations, such as expectations with regard to revenue or mining hash rate deployment, 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 Company’s goals and strategies; the Company’s future business development, the ability of the company to execute against its goals, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; changing macroeconomic and geopolitical conditions, including evolving international trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’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 Canaan Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com

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SOURCE Canaan Inc.

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CASTRIES, Saint Lucia, July 7, 2025 /PRNewswire/ — PrimeXBT, a leading multi-asset broker, has introduced a series of updates across its platforms and trading conditions, aimed at delivering greater control, stronger risk management, and enhanced flexibility for traders. Now live on MetaTrader 5, PXTrader, and Crypto Futures, these enhancements reflect PrimeXBT’s commitment to empowering traders with the tools needed to navigate today’s fast-moving and volatile markets.

Clients can now open multiple accounts per currency on MT5, enabling easier segregation of portfolios by strategy, asset class, or risk profile. The Crypto Futures platform has also introduced key improvements to order management, allowing traders to place bracketed Stop Loss and Take Profit orders with new position entries in hedge mode. In addition to the built-in liquidation price calculator, estimated liquidation levels are now shown directly on the chart. Together, these tools provide greater transparency and control before and during execution.

Trading conditions have also been significantly improved. In response to growing demand, PrimeXBT has reduced spreads on Gold (XAU/USD) on MT5 and PXTrader, stabilising them at around 20-25 points for standard accounts, even during peak sessions and volatile market conditions, to deliver more consistent and cost-efficient execution. On its proprietary CFD platform, PXTrader, the stop-out level has been reduced from 100% to 50%, giving traders more room to manage positions before liquidation in turbulent markets.

Leverage has been increased across both MT5, PXTrader, and Crypto Futures. On MT5 and PXTrader, Gold, Silver, Forex majors, and key indices now offer higher leverage bands, particularly on larger volume bands. On Crypto Futures, additional margin tiers have significantly expanded exposure limits and increased leverage on smaller altcoin positions, now offering up to 150x, which is much higher than on other market-leading exchanges. Major assets like Bitcoin continue to support leverage of up to 200x, giving traders more flexibility to scale strategies and capture market momentum. These updates position PrimeXBT among the most competitive platforms in the market, offering up to twice the leverage available on many major exchanges, more favourable trading conditions for positions up to $100,000, and consistent execution where others often widen spreads under pressure.

According to PrimeXBT, many of these updates were made in direct response to trader feedback. The broker emphasised its ongoing commitment to empowering traders with the tools, insights, and flexibility they need to succeed in today’s evolving landscape.

These latest enhancements build on PrimeXBT’s mission to provide institutional-grade trading tools in a streamlined, retail-accessible environment. By continuously raising the industry bar through innovation and client-driven development, the broker remains focused on delivering performance, control, and an outstanding trading experience within a unified ecosystem.

To learn more, users can visit the PrimeXBT website.

About PrimeXBT

PrimeXBT is a global multi-asset broker trusted by over 1,000,000 traders in 150+ countries, offering a next-generation trading experience that bridges traditional and digital finance. Clients can trade CFDs on Stocks, Indices, Commodities, and Crypto, as well as Crypto Futures and Forex. PrimeXBT also enables clients to buy and sell cryptocurrencies, store them in secure built-in wallets, and instantly exchange crypto to crypto or fiat to crypto, all within one integrated environment. Since 2018, PrimeXBT has made investing more accessible by lowering barriers to entry and providing secure, easy access to financial markets. This accessibility extends across its native web and mobile platforms, MetaTrader 5, and a variety of funding options in crypto, fiat, and local payment methods. Committed to putting clients first, PrimeXBT empowers traders of all levels with innovative tools and industry-leading conditions, delivering a better way to trade.

Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, users should consider whether they understand how these leveraged products work and whether they can afford the high risk of losing their money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website. Some products and services, including MT5, may not be available in users’ jurisdictions. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Photo: https://www.007stockchat.com/wp-content/uploads/2025/07/PrimeXBT_Trading_Services_Improved.jpg

Contact:
PrimeXBT
pr@primexbt.com

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First of its kind institutional-grade fund opens access to a new and growing class of traditional and digital asset-native allocators

HAMILTON, Bermuda, July 4, 2025 /PRNewswire/ — Members Capital Management (“MembersCap”), a Bermuda-regulated investment manager, today completed the successful investment of its initial portfolio through its fund, MCM Fund I, the first tokenised institutional-grade reinsurance fund designed for both sophisticated digital asset investors and traditional allocators. All portfolio trades were executed with global reinsurance companies and top-tier Lloyd’s of London syndicates, and were sourced through the top three global reinsurance brokers.

MCM Fund I opens access to reinsurance income for a rapidly expanding capital base of new investors seeking diversified and uncorrelated investment alternatives with attractive yield and structured liquidity.

The launch represents the growing importance of funds structuring their offerings to take advantage of the continuing convergence between traditional finance and digital assets. Backed by Solana, Aptos, and Cardano and supported by institutions like Coinbase, Archax, Apex Group, and Envelop Risk, MembersCap has selected the Solana, Aptos, Cardano, and Base protocols to provide access to qualified investors wishing to invest using eligible cryptocurrencies.

MembersCap has been selected as the first fund in the real-world assets category on the Archax platform, sitting alongside tokenized offerings from other institutions like BlackRock, State Street, and Aberdeen.

The reinsurance opportunity 

Being fundamentally uncorrelated with the financial markets, reinsurance has consistently outperformed most traditional alternatives over the past two decades. Despite being highly yield-generative, the sector has historically been reserved for pension plans, sovereign wealth funds, and other institutional giants.

Increasingly, both crypto-native investors and smaller traditional allocators are seeking refuge from market volatility by accessing reinsurance as a stable, diversified income stream to support a balanced portfolio and enhance overall returns.

“Every generation is presented with new technologies that unlock economic opportunity. To us, tokenisation and the blockchain represent access to better asset management for a different class of investor,” said Lloyd Wahed, Co-Founder and CEO of MembersCap. “We’re excited to be one of the first institutional funds to emerge from this space.”

“Our investors– digital asset institutions, family offices, HNWIs —want to meet their goals of resiliency and long-term sustainable growth through new and more efficient means. With this novel approach, we’re seeing these investors view reinsurance as a core part of their portfolio for the first time,” said Patrick Barrett, Co-Founder and COO at MembersCap.

“This launch proves that tokenisation can bring new capital to help address the growing insurance protection gap by lowering barriers and providing access to the private reinsurance market,” said Dr. Benjamin Fox, Co-Founder and Chief Investment Officer at MembersCap. “Our tokenised model enables a new cohort of investors to participate pari passu alongside large institutions in an uncorrelated asset class with a track record of reliable, attractive returns.”

Positioned as an alternative to private equity, venture capital, and fixed income strategies, MCM Fund I provides qualified investors with regulated and collateralised access to reinsurance via direct exposure to natural catastrophe and cyber reinsurance contracts sourced through blue-chip global partners.

For Web3 treasuries, foundations, and institutions, the Fund delivers high-yield opportunities and structured liquidity, derived from high-quality, real-world reinsurance returns, without exposure to DeFi volatility and over-concentration in altcoins.

MembersCap was founded in 2024 and is backed by a strong coalition of both institutional and blockchain-native partners. This blend of traditional underwriting expertise and on-chain architecture ensures institutional-grade standards while embracing next-generation accessibility.

About Members Capital Management
Founded in 2024, Members Capital Management (“MembersCap”) is a licensed investment manager regulated by the Bermuda Monetary Authority, bridging institutional finance and blockchain infrastructure. Backed by leading blockchain protocols including Cardano, Aptos, and Solana, and supported by institutional infrastructure from Archax, Coinbase, Apex Group and Envelop Risk, MembersCap delivers a new institutional blueprint: tokenised participation to the global reinsurance market, an asset class traditionally closed to most investors.

View original content:https://www.prnewswire.co.uk/news-releases/members-capital-management-completes-initial-deployment-of-tokenised-reinsurance-fund-302498308.html

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SINGAPORE, July 4, 2025 /PRNewswire/ — Web3 entertainment protocol Fellaz has officially launched its decentralized entertainment stack, composed of three core protocols: Fellaz ID, Fellaz RWA, and Fellaz Creator. The initiative aims to disrupt the traditional entertainment industry by enabling fans and creators to own, monetize, and govern entertainment content directly.

The Fellaz ecosystem addresses the limitations of legacy platforms by:
 – Tokenizing fandom via Fellaz ID and soulbound tokens (SBTs), rewarding verified fan engagement
 – Turning IP into liquid, tradable assets through Fellaz RWA, enabling fans to invest in music, film, and merchandise
 – Empowering creators with Fellaz Creator, a decentralized toolkit for monetization, rights management, and DAO governance

Importantly, Fellaz is backed by Innocus Global Group, a real-world entertainment conglomerate, ensuring immediate access to live IP, artists, and cultural assets from day one. Its native utility token $FLZ will serve as the fuel for staking, access control, governance, and rewards across the ecosystem.

Fellaz is also running a massive giveaway campaign, offering a chance to win $3,000 Beta Test Access and over 2,000 USDT in airdrop rewards.
 Follow @FellazXYZ and join now:https://x.com/FellazXYZ/status/1940040367438782865

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HONG KONG, July 3, 2025 /PRNewswire/ — From the first personal computers entering households, to smartphones reshaping social interaction and information access, and later the Internet of Things connecting everything — with AI permeating every corner of life — each major technological leap has often begun with a pivotal “expo gathering.”

Now, at the turning point where physical devices are gradually integrating with blockchain, the Web3 world is ushering in its own “expo moment.” DePIN Expo 2025, an innovative industry exhibition focused on on-chain hardware and the convergence of the physical and crypto worlds, is set to debut this summer in Hong Kong.

CES: A Global Tech Industry Barometer Spanning Half a Century

Since its founding in 1967, CES (Consumer Electronics Show) has been a global barometer for the tech industry. From smartphones, tablets, and the Internet of Things to wearables, smart homes, autonomous driving, and AI voice assistants — countless groundbreaking hardware products have made their global debut at CES.

It’s no exaggeration to say that nearly every major shift in human lifestyle over the past 60 years can be traced back to a CES showcase.

What makes CES so significant is not just its display of new technologies, but its ability to define how those technologies will truly transform the world. CES is not only the tech industry’s annual proving ground — it is a “real-world showroom” forecasting the future of how we live.

From DePIN to MetaDePIN: Reconstructing the Value of Hardware, Data, and Incentives

In the early stages of Web3, the conversation centered around protocols, assets, and financial logic. Since 2024, however, a new trend has started to gain traction: DePIN (Decentralized Physical Infrastructure Networks).

DePIN is emerging as one of the most tangible and impactful sectors within the Web3 landscape. Physical-world devices such as routers, electric vehicles, cameras, home gateways, and logistics trackers are no longer just networked — they are becoming on-chain. These devices serve as “nodes” in blockchain networks, participating in global coordination and generating real-world revenue. DePIN brings the concept of “on-chain” from virtual environments into physical spaces — from lines of code to cities and homes.

The number of DePIN projects worldwide has grown from 650 in 2022 to 1,170 in 2024 — an almost 12-fold increase. More than 13 million devices now participate in DePIN networks daily. According to Messari, the DePIN market is projected to reach a value of $3.5 trillion by 2028.

Today, with the rise of use cases such as RWA (Real World Assets), AI agents, and edge computing, DePIN is moving beyond simple hotspot miners and low-power devices. It is evolving into a broader network of devices, economic systems, and real-world applications: a payment card linked directly to on-chain DeFi networks; an electric vehicle automatically recording carbon credits on-chain and navigating via AI; a network of AI-powered cameras capturing urban traffic data, registering it on-chain, and triggering incentive mechanisms.

This converging trend is what we call MetaDePIN — a new paradigm of DePIN that spans hardware form factors, incentive protocols, AI systems, and real-world assets.

DePIN Expo 2025: The “Web3 CES” Officially Launches in Hong Kong

To showcase the powerful convergence of hardware and blockchain, DePIN Expo 2025 will be held on August 27–28, 2025, at Cyberport, Hong Kong.

This is the world’s first industry-level event dedicated to the DePIN concept, and the first large-scale consumer tech expo in Web3 history centered around on-chain hardware.

Event Highlights:

• Industry First: The world’s first flagship event focused on DePIN (Decentralized Physical Infrastructure Networks)
• Top-Level Support: Guided by the Hong Kong SAR government, with collaboration from Stanford University, UC Berkeley, and Barron’s China
• Cross-Industry Integration: Spotlight on DePIN × RWA, AI convergence, machine economy, hardware manufacturing, cross-border logistics, and immersive real-world demos
• Business Enablement: Dedicated zones for bulk trading and private traffic matchmaking to accelerate large-scale deployment and precise conversion for DePIN projects

The goal of DePIN Expo is not merely to showcase “how devices go on-chain,” but to create a Web3 version of CES — a platform that bridges technological breakthroughs and real-world experiences, connects capital markets with manufacturing networks, and links the on-chain world with the physical economy. On-site, the expo will feature dozens of MetaDePIN devicesacross seven key application categories, including compute, network, sensing, identity, energy, logistics, and infrastructure:

• Compute: Home mining rigs, AI companions, smart speakers, gaming render nodes, edge computing terminals
• Wireless: DePIN smartphones, eSIM cards, 5G routers, home WiFi hotspot devices, broadband boxes
• Sensors: Smartwatches, smart rings, cameras, dashcams, video doorbells, air quality monitors
• Identity: Iris scanners, U-cards, hardware wallets, Web3 ID cards, mobile identity tags
• Energy: Residential solar panels, EV charging adapters, home battery storage systems, shared charging stations
• Logistics: Autonomous vehicles, robots, encrypted delivery boxes, cold-chain logistics nodes
• Infrastructure: Public blockchains, oracles, decentralized data storage, smart contract gateways, trusted hardware modules

Event Agenda:

• August 26 (Evening): Official Event

DePIN Power On Night

• August 27 (Morning): Opening Day

Government representatives and industry leaders will discuss the future of DePIN applications. Closed-door sessions and on-site visits will kick off a new chapter in on-chain and real-world integration.

• August 27 (Afternoon): DePIN × Everything

Focus on DePIN’s core role in connecting millions of users, reshaping asset paradigms, and expanding the crypto hardware ecosystem.

• August 27 (Evening): Side Event

DePIN After Dark: Builder & KOL Private Night

• August 28 (Morning): DePIN × AI

Explore how DePIN and AI are redefining the compute value stack, enabling device autonomy, on-chain model deployment, and large-scale machine economy applications.

• August 28 (Afternoon): DePIN × RWA

Deep dive into how DePIN enables the tokenization of real-world assets—reconstructing data ownership, revenue models, and trust layers for global asset allocation.

• August 28 (Evening): Official Event

DePIN Never Offline Night

In addition, DePIN Expo 2025 will host a series of high-level forums in collaboration with Stanford University, UC Berkeley, Barron’s China, Bitcoin Magazine, and others — spotlighting topics like AI × DePIN, RWA asset validation, and global node ecosystems. For the first time, the event will also connect the entire value chain — from design and manufacturing to overseas deployment — creating a comprehensive DePIN industry collaboration platform.

Hong Kong: The Premier Global Hub for DePIN

As one of the few international financial cities actively supporting the convergence of Web3 and the real world, Hong Kong is emerging as the ideal ground for the rise of DePIN. In recent years, the Hong Kong SAR government has introduced a regulatory framework for virtual assets, launched pilot programs for stablecoins and tokenized assets, and sent strong policy signals in support of real-world Web3 applications.

Geographically, Hong Kong is within a one-hour reach of Shenzhen, Dongguan, and Foshan — major hardware manufacturing and OEM hubs in mainland China. This proximity enables a seamless link between on-chain demand and offline factories, creating a new collaborative model of “decentralized orders + physical production lines,” and providing DePIN with unprecedented advantages in manufacturing and deployment.

At the same time, Hong Kong is home to leading exchanges and crypto funds, and serves as a natural gateway to emerging markets such as Japan, South Korea, Singapore, and the Middle East. Over the past year, the city has hosted a series of major international crypto conferences (such as Consensus Hong Kong and Bitcoin Asia), fueling a powerful convergence of capital and talent and cementing its role as a preferred destination for Web3 entrepreneurship and global exchange.

At DePIN Expo 2025, a dedicated “DePIN Urban Demo Zone” will be unveiled, using Hong Kong as a prototype to showcase how on-chain hardware can be deployed, operated, and settled at a city scale. This marks the first time in Web3 history that DePIN is being presented through a city-wide lens, signifying a shift from “hardware lab” to “infrastructure platform.”

The successful hosting of DePIN Expo 2025 will establish Hong Kong as the global flagship for a “Web3 CES,” further solidifying its position as a leading center of crypto innovation in Asia and beyond. We look forward to it together.

Countdown Begins • Join Us in Shaping the Future

If you are a hardware manufacturer, public blockchain platform, AI developer, RWA project, manufacturing enterprise, supply chain partner, investment institution, tech community, or media outlet focused on or exploring DePIN-related applications — we invite you to join us in witnessing and building this historic moment for the DePIN industry.

Secure your opportunity for early exposure and on-site visibility — register now: 

Event Registration :https://lu.ma/1qol9wna
Official Website :https://depinexpo.ai
Business Inquiries : sponsor@depinexpo.ai
Media Partnerships : media@depinexpo.ai

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