LONDON, June 30, 2025 /PRNewswire/ — Figment, the leading independent provider of institutional staking infrastructure, is deepening its presence in the Middle East as digital asset adoption accelerates across the region. 

As part of this expansion, Figment has appointed Christoph Richter as its first Head of Business Development in the Middle East and announced a key partnership with UAE-based custody provider Tungsten, a trusted name in institutional digital asset services. This collaboration leverages Tungsten’s well-established industry position and existing licensing within the Abu Dhabi Global Market (ADGM), enabling them to offer enhanced, non-custodial staking options to clients via Figment’s infrastructure. 

The move marks a major step in expanding compliant staking access across the UAE and the broader MENA region and Christoph will be Figment’s first on-the-ground hire in the region.

“Staking can be understood as earning the risk-free rate on proof-of-stake networks like ETH and SOL,” said Christoph Richter. “With inflation beating rewards and rising institutional digital asset allocations, staking is becoming a core strategy – and the MENA region is ready.”

A Strategic Regional Push

Figment’s formal entry into the region is driven by growing demand for compliant, reward-generating solutions aligned with long-term digital asset investment strategies.

“The Middle East is uniquely positioned to benefit from institutional staking,” said Eva Lawrence, Figment’s Head of EMEA & Regional MD. “With Christoph’s deep background in traditional finance and digital assets, he’s perfectly placed to lead our growth in this high-potential market.”

Christoph will lead business development and strategic partnerships, reporting to Eva Lawrence, the Head of EMEA. He brings nearly two decades of traditional finance (TradFi) derivatives experience, including senior roles at JP Morgan, Barclays, BNP Paribas, and UBS. In his most recent TradFi role, he led derivative solutions for Southern Europe and DACH at MUFG. Since entering the digital asset industry in 2017, he has advised top-tier firms and co-founded the proprietary BTC and ETH trading venture Vol Capital, building market neutral quantitative investment strategies.

Christoph brings a wealth of experience of working on major infrastructure Public Private Partnerships transactions across the Middle East, particularly in Saudi, building strong ties to the region’s major players and capital markets. Now based in the UAE and fluent in five languages, he brings a truly global perspective to Figment’s regional growth.

Continued Global Investment, Local Leadership

This move builds on Figment’s global expansion across EMEA, the Americas, and APAC, reflecting increased institutional demand for secure and regulatory-aligned staking solutions and cementing Figment’s leadership as the most trusted institutional staking provider. Christoph’s appointment and the partnership with Tungsten underscore Figment’s commitment to investing in local leadership and strategic infrastructure tailored to the needs of the region.

Press Contact
Amy McAllister Byrne:  amy@cryptocollective.global

About Figment

Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit figment.io.

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‘Elliptic Data Fabric’ enables customers to embed data directly into their own data lakes, workflows and AI models for real-time digital asset decisioning

LONDON, June 27, 2025 /PRNewswire/ — Elliptic, the global leader in digital asset decisioning, has announced an industry first, offering direct access to its market-leading datasets and intelligence, ‘Elliptic Data Fabric,’ via subscription. 

As the digital asset industry undergoes exponential growth, traditional SaaS solutions delivered through apps or API feeds are no longer meeting the needs of all our customers — particularly when it comes to managing risk exposure, intelligence operations, and compliance requirements. To address this, ‘Elliptic Data Fabric’ offers customers the ability to ingest and subscribe to data streams directly, enabling access to Elliptic’s data and intelligence in the format, schema, and delivery method that best meets their specific needs. Elliptic’s data and intelligence feeds the customer’s internal data lakes, customized workflows and AI models — accelerating decision-making, modernizing connectivity and letting enterprises and agencies directly query the data, run internal analytics and compose leaner data workflows.

The challenge facing governments, exchanges, crypto businesses and banks is today twofold.  Firstly, increased adoption of digital assets is marked by transaction growth, increased asset issuing, faster innovation and expanding multi-chain activity. Whilst at the same time, threat actors no longer operate in isolation — sanctioned entities, fraudsters, and money launderers blur together using new technologies to obfuscate their interconnected webs of illicit activity at a much faster pace than seen before. These challenges require the digital asset ecosystem to find new approaches to compliance obligations and criminal investigations.

“Elliptic Data Fabric gives us high-fidelity, richly structured blockchain intelligence that fits directly into how we work. The data is normalized across chains, it’s flexible enough to deploy in our own environment. It enables us to build threat models, connect actors, and get ahead of behavior, not just react to it. As illicit actors become more sophisticated, we’re asking more complex questions than ever before — and now we have the data to actually answer them, fast.” Program Manager, US central government.

Elliptic Data Fabric has use cases for multiple industries which are actively in the market today including:

Elliptic Blocklist is a direct plug-in data and intelligence subscription service that provides access to Elliptic’s continuously updated list of sanctioned and high-risk entities.  Used by exchanges, stablecoin issuers, and payments providers, the Blocklist is regularly updated with the latest intelligence. This enables customers to directly query data to either permit or block withdrawals to unhosted wallets without adding friction to the transaction flow.  When milliseconds matter, blocklist ingestion gives a crucial first line of defence, ensuring users can safely and efficiently send funds. Screening is then carried out for compliance and reporting purposes.

Elliptic made a free version of its Blocklist available globally to the crypto community during the Bybit exploit. This was instrumental in helping the ecosystem, whether customers or otherwise, easily identify DPRK funds from the exploit, reduce risk of exposure to them, and help in some cases to freeze those funds.

Elliptic Counterparty Risk is being used by banks and financial institutions to help them easily assess indirect digital asset risk stemming from their customers by enriching their fiat transaction screening workflows with custom intelligence on thousands of VASPs. By seamlessly integrating Elliptic’s VASP data into internal screening workflows, organizations uncover hidden risks by detecting when customers interact with high-risk or unregistered crypto platforms. Customers are also optimizing their operatioal efficiencies by automating risk assessments and reducing manual investigations into crypto-related fiat transactions.

Government agencies are already leveraging Elliptic Data Fabric to access operation-ready blockchain data and intelligence, seamlessly integrated into their environments, mission-specific use cases, and analyst workflows. The data is pre-structured into actionable formats — such as value transfer events (VTEs) and actor clusters — and is immediately queryable across Elliptic’s 54 supported blockchains.

Because this data is ingested directly within the agency’s secure infrastructure, it remains completely air-gapped, ensuring no vendor visibility into sensitive mission-related queries. This enables agencies to confidently use and share the data in investigations and effectively collaborate with other departments, supporting the multi-agency nature of investigative operations such as the USSS take down of Garantex.

“As the digital asset industry evolves, we recognize that traditional solutions need to mature in order to adequately support the internal investigation and analytics requirements of organizations striving to meet compliance obligations and government agencies to meet their mission objectives. Modern data and intelligence platforms must be adaptable, providing solutions in all formats — apps, APIs, and, as we’re announcing today with ‘Elliptic Data Fabric’, through subscriptions to data and intelligence. Many of our enterprise and government customers run sophisticated, large-scale internal analytics programs that require direct access to our trusted data and insights to power their operations. As the industry continues to evolve, Elliptic’s platform is built to stay flexible, ensuring it delivers the dynamic solutions needed in today’s fast-moving market,” commented Jackson Hull, CTO Elliptic.

About Elliptic

Elliptic is the leader in digital asset decisioning, we have built the most comprehensive platform for efficiently extracting crypto data and intelligence across blockchains with the greatest accuracy.

Our platform’s unrivalled uptime, scalability, depth and breadth of our data and intelligence means exacting organizations choose Elliptic for their compliance, risk management, intelligence operations and blockchain infrastructure needs.

Founded in 2013, Elliptic is headquartered in London with offices in New York, Washington D.C., Dubai, Singapore and Tokyo. To learn more, visit www.elliptic.co and follow us on LinkedIn and X.

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SOURCE Elliptic

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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

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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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