SHANGHAI, May 29, 2025 /CNW/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a rapidly expanding leader in Bitcoin mining, has finalized the divestment of all its business in the PRC (the “PRC Business”), a strategic transaction valued at approximately US$351.94 million in cash with Ursalpha Digital Limited. The sale, which closed on May 27, 2025, decisively repositions Cango to concentrate its full financial and operational capabilities on accelerating its leadership in the global Bitcoin mining industry.

This pivotal move unlocks significant resources and facilitates Cango’s rapid expansion of its Bitcoin mining across key strategic regions, including North America, the Middle East, South America, and East Africa, leveraging emerging opportunities in the digital finance sector.

This transaction also represents a transformative step for Cango, cementing its strategic shift to a focused leader in global Bitcoin mining. The Company is now streamlined and better capitalized, positioning it to aggressively pursue its growth objectives and enhance shareholder value.

As part of this strategic realignment, the Company has further restructured its Board of Directors with the appointment of two new members, effective May 27, 2025, bringing deep expertise in Fintech, AI, Web 3.0, and global capital markets to steer Cango’s Bitcoin-focused future. Looking ahead, this enhanced board composition reinforces Cango’s commitment to innovation and strengthens its position for leadership in the rapidly evolving digital finance landscape.

The initial agreements for the sale of PRC Business were announced on April 3, 2025, with shareholder approval obtained on May 16, 2025. Following the divestment, the Company will apply to the China Securities Regulatory Commission (“CSRC”) to terminate its “China Concept Stock” status.

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.

Media Contact

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

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SOURCE Cango Inc.

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SINGAPORE, May 28, 2025 /PRNewswire/ — HTX Research, the research arm of HTX, has just released a crucial new report: “The New Macroeconomic Landscape and Bitcoin Outlook: An Analysis of Liquidity, Risk Appetite, Policy Dynamics, and Investment Strategy.“ This comprehensive analysis comes at a pivotal time, as the global macroeconomic landscape undergoes profound shifts and the cryptocurrency market, especially Bitcoin’s price movements, becomes increasingly influenced by this complex backdrop. The report offers investors valuable insights, a clear market outlook, and strategic investment guidance on how evolving macroeconomic conditions are shaping the Bitcoin market.

Bitcoin Outlook in the Macro Environment: Liquidity & Market Risk Appetite

The current global macro environment is complex. A combination of factors, including cooling expectations for Fed rate cuts, ongoing quantitative tightening (QT), the replenishment of the U.S. Treasury General Account (TGA), and anticipated rate hikes by the Bank of Japan, are collectively contributing to tighter short-term liquidity.

Over the medium term (3–12 months), liquidity is expected to gradually improve. However, uncertainty surrounding market risk appetite presents both opportunities and challenges for the Bitcoin market.

Policy Tug-of-War Signals Crypto-Friendly Shifts: A Loosening Grip on Stablecoin Regulation?

The ongoing policy debate is having a significant impact on the crypto market. In a notable development, Hong Kong’s Legislative Council has passed the Stablecoin Bill, which establishes a comprehensive licensing regime for fiat-backed stablecoin issuers in Hong Kong. This legislation further refines the regulatory framework for virtual asset activities within the region, aiming to foster financial stability and consumer protection.

The more profound and complex policy impacts are unfolding in the United States. The Trump administration’s “Big Beautiful Tax Plan”, aimed at reducing taxes by $5 trillion over the next decade, has boosted market sentiment in the short term. However, the growing fiscal deficit and debt ceiling issues could spark liquidity volatility.

Regarding regulation, the U.S. Senate is making progress on stablecoin legislation. The GENIUS Act seeks to establish a standardized framework for the stablecoin market, mandating backing by 100% high-quality asset reserves. Negotiations have reportedly reached a consensus on approximately 90% of the terms, signaling a strong bipartisan push for regulatory clarity in this critical sector.

Additionally, the accelerated exploration of tokenized U.S. equities is noteworthy, with the U.S. SEC is actively researching and evaluating this space, while major financial institutions (e.g., JPMorgan) are strategically positioning themselves in this emerging field.

Furthermore, U.S. federal and state initiatives to legislate “strategic Bitcoin reserves,” such as New Hampshire’s H.B. 302 bill, are further elevating Bitcoin’s strategic importance and providing policy support for increased institutional participation.These developments collectively indicate a growing recognition and integration of digital assets within traditional financial and governmental structures.

HTX Lists USD1 and Other Compliant Stablecoins, Introduces Zero-Fee Conversion

With global policy easing on the horizon and a growing push for regulatory clarity, stablecoins are increasingly solidifying their role as the foundation of liquidity and value pegs within the crypto market. Recognizing this pivotal opportunity, HTX has recently launched a range of compliant stablecoins, including USD1 (World Liberty Financial USD), USDQ (Quantoz), EURQ (Quantoz), USDR (StablR),  EURR (StablR),and AETHUSDT (Aave Ethereum USDT). This expansion is designed to meet diverse user investment preferences and boost capital efficiency.

To celebrate the launch of USD1 and reduce barriers to user participation, HTX is offering a special zero-fee conversion service. From now until December 31, 2025, at 15:59 (UTC), users can trade the USD1/USDT spot pair with no trading fees. This initiative ensures users incur no additional costs during conversion, thereby maximizing their capital utilization.

The report concludes that the Bitcoin market may encounter liquidity pressures and volatility risks in the short term. However, the medium to long term holds significant potential for a rebound. This optimistic outlook is largely supported by clearer regulatory policies and growing institutional adoption. . HTX will continue to closely monitor market and regulatory trends to help users seize opportunities and achieve steady growth in the complex and evolving crypto landscape.

For the full report, please visit: https://square.htx.com/htx-research

About HTX Research

HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends. Committed to providing data-driven insights and strategic foresight, HTX Research plays a pivotal role in shaping industry perspectives and supporting informed decision-making within the digital asset space. Through rigorous research methodologies and cutting-edge analytics, HTX Research remains at the forefront of innovation, driving thought leadership and fostering a deeper understanding of evolving market dynamics.

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PARIS, May 27, 2025 /PRNewswire/ — CoinW, one of the world’s leading cryptocurrency asset trading platforms, has joined forces with Superteam Europe to successfully conclude the Solana Breakout Hackathon – Colosseum, a month-long initiative that ran from April 14 to May 16 across France, the Balkans, Germany, and Poland. As Solana’s key ecosystem enabler in Europe, Superteam Europe localized and coordinated the event across multiple regions, while CoinW contributed its deep exchange expertise, community reach, and developer support to empower emerging blockchain talent and promote meaningful adoption across the continent.

This initiative was designed not only to drive innovation on Solana but also to promote broader blockchain adoption in Europe. Participants competed to build impactful Web3 projects, while CoinW offered free listing opportunities, mentorship, and potential incubation support to outstanding teams.

“We are thrilled with the success of the Solana Breakout Hackathon and our ongoing partnership with Superteam Europe,” said Nassar Achkar, Chief Strategy Officer at CoinW. “This collaboration showcases our long-term commitment to empowering blockchain builders and promoting sustainable growth in the global Web3 ecosystem.”

Long-Term Collaboration Beyond Events

CoinW’s partnership with Superteam Europe goes far beyond one-time events. The two teams have jointly launched strategic activities throughout 2024, including:

• Superteam Poland Launch Party & Founders’ Dinner (Jan 22–23): CoinW engaged with builders and community leaders in Warsaw.
• Superteam France Ski Retreat (Feb 1–8): CoinW joined Solana’s core contributors and KOLs for strategic dialogue and community building in the Alps.
• Solana Breakout Hackathon (Apr 14–May 16): CoinW supported multiple regional hackathon stops, offering real resources and exposure to top projects.

In total, CoinW committed $100,000 USD to support these initiatives, covering event sponsorship, community outreach, developer incentives, and listing resources. This investment underscores CoinW’s broader ambition to build long-term impact across the European Web3 space.

From Events to Ecosystem Building

The partnership also emphasized ecosystem co-creation. CoinW and Superteam Europe co-hosted a range of online forums, including AMAs, livestreams, and developer roundtables, to increase community participation and visibility. Both parties also collaborated with universities and blockchain societies to host educational workshops, lectures, and student-led research initiatives.

Additionally, they engaged regional KOLs and content creators to drive shared messaging, foster dialogue, and raise awareness of Web3’s transformative potential.

Superteam Europe also featured in CoinW’s WConnect virtual series, showcasing top Solana projects to CoinW’s global audience and reinforcing the reach of local innovation.

The Hackathon Ends, but the Mission Continues

The conclusion of the Breakout Hackathon marks a new beginning rather than an end. CoinW and Superteam Europe remain dedicated to nurturing grassroots innovation, empowering developers, and expanding blockchain adoption in Europe through long-term investment and ecosystem collaboration.

Together, they are building a more connected, open, and innovative Web3 future across the continent.

About Superteam

Superteam unites developers, founders, and creators from across the continent. As a regional powerhouse of the Solana ecosystem, Superteam drives growth through hackathons, education, and funding, empowering a new wave of decentralized innovation.

About CoinW

Founded in 2017, CoinW has grown into one of the world’s leading cryptocurrency asset trading platforms, serving a vast and diverse global user base. With a clear vision to support wealth growth and empower blockchain innovation, CoinW continuously refines its product offerings and expands a diversified service ecosystem. In recent years, CoinW has actively strengthened its global brand presence through cross-industry collaborations and strategic international expansion, driving ongoing brand evolution. Moving forward, CoinW remains committed to building a thriving crypto ecosystem, advancing global financial inclusion, and accelerating the widespread adoption of blockchain technology.

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DUBAI, UAE, May 25, 2025 /PRNewswire/ — Leading tokenization infrastructure platform, Ctrl Alt has been announced as the tokenization partner for Dubai Land Department’s (DLD) pioneering Real Estate Tokenization Project. Launched today, the initiative in collaboration with the Virtual Assets Regulatory Authority (VARA), the Dubai Future Foundation and PRYPCO, marks a monumental step for asset tokenization and the future of property investment in the Emirate.

As the designated tokenization provider for the project, Ctrl Alt brings deep expertise in financial engineering and digital asset infrastructure. The DLD and Ctrl Alt have worked closely together on the development of a secure and compliant tokenization framework, focusing on structuring, minting and placing real estate title deed tokens on-chain. The XRP Ledger (XRPL), a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging digital and real-world assets, has been selected as the blockchain of choice for the project. Additionally, Ctrl Alt has integrated directly with the DLD to synchronize both digital and traditional real estate ledgers, ensuring coordination between the on-chain and the conventional property registration system. This enables a fully integrated and transparent tokenization process that aligns with local regulations and enhances investor confidence.

The project has been developed under the Real Estate Evolution Space Initiative (REES) and marks the first time in the Middle East that a government real estate registration authority has implemented a public blockchain-based tokenization of property title deeds. With this move, the DLD is leading the charge toward a more accessible, transparent and efficient real estate market, enabling fractional ownership, broadening investor participation and enhancing operational efficiency.

By leveraging native tokenization, ownership of real estate has been fractionalized, allowing multiple investors to co-own a single property. This is achieved through the PRYPCO Mint real estate platform, which is now live and allows investors to participate with a starting minimum investment of AED 2,000. EID holders are able to participate at mint.prypco.com.

The initiative is projected to contribute to the growth of an AED 60 billion ($16 billion) tokenized real estate market by 2033, equivalent to 7% of Dubai’s total property transactions.

Matt Ong, CEO and Founder, Ctrl Alt said, “We’ve been working closely with the DLD on this project for some time, and we’re delighted to be taking this major step together to bring real estate investment to a wider audience. As experts in the space, we are proud to create the tokenization infrastructure that enables DLD’s partners to offer fractional real estate to investors. Dubai’s leadership in embracing next-generation financial technologies is truly world-class and this project is a powerful signal of what’s to come. We’re thrilled to launch this pilot and continue building with DLD in the months ahead.”

This strategic initiative aligns with the objectives of Dubai’s Real Estate Sector Strategy 2033 and the broader Dubai Economic Agenda (D33), both of which prioritize the adoption of digital solutions to boost economic competitiveness, attract global investment and modernize key sectors.

About Ctrl Alt

Ctrl Alt is a leading tokenization infrastructure platform, combining blockchain technology with expert financial engineering to deliver tailored, compliant solutions in the alternative assets space. As of May 1, 2025, Ctrl Alt has tokenized over $295 million in assets, spanning real estate, private credit, funds, litigation finance and more.

For further information, visit www.ctrl-alt.co or contact info@ctrl-alt.co.

Ctrl Alt Solutions DMCC is licensed by the Dubai Virtual Assets Regulatory Authority (reference: VL/25/05/002) as a Broker-Dealer and as an Issuer. Our principal office is located at Level No 12, Uptown Tower, Dubai.

Media contact:

Lawrence Chiu
press@ctrl-alt.co 

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DUBAI, UAE, May 23, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has renewed its offers for trading beginners in a bundle of first-trade coverage and rewards this summer. The five-track Fearless Futures initiative has something to offer in every stage of crypto trading—from research to futures trading.

Modeled after fitness coaching, Fearless Futures is a supportive package for fresh traders and learners starting their crypto trading journey. The comprehensive loss protection and rewards program offers derisking opportunities for first-time traders in sync with the market-wide rally, with BTC pushing above 100K and ETH regaining investor favor. Sophisticated product suites and knowledge sharing are becoming increasingly accessible to everyday traders, and Bybit continues to support the crypto community with professional-grade tools and flawless execution with millisecond precision. 

From now until June 30 or until prize pools are fully unlocked, eligible Bybit users will enjoy exclusive protection and rewards as they advance their trading levels:

1. A Zero-Risk Introduction to Futures Trading: Eligible user’s first Futures trade will be covered up to 50 USDT at Bybit should a loss occur. Vouchers are available for first-time Futures traders on Bybit until June 30, 2025. 
2. Carefree Copy Trading: New followers of Master Traders may claim up to 100 USDT in loss protection for Copy Trading. This welcome offer not only takes away the pressure of strategizing, but also reduces volatility risks. Copy Trading Vouchers can be used as margin and are up for grabs until December 30, 2025.
3. Gold & FX Copy Trading: Another Copy Trading product tailored for Gold and FX matched the limited-time offer for first-time traders until June 30, 2025.
4. It Pays to Learn: Before diving into trading, beginners may explore Bybit’s Read-to-Earn initiative and get the basics down while dividing up a 18,000 USDT prize pool.
5. Bonus Community Challenge: Signing up for the Bybit Learn Community will qualify eligible users for the Community Futures Challenge. The gamified experience incentivizes knowledge sharing and community engagement with a 2,500 USDT weekly prize pool, to be shared by top contributors in the leaderboard.

The campaign benefits Bybit users at a strategic juncture when the crypto market continues its upward trajectory. Supporting the broader crypto community since 2018, Bybit aspires to help its users navigate volatility responsibly, become better traders, and be part of their progress.

Registration and task fulfilments are required, and terms and conditions apply. For details, users may visit: Fearless Futures | Trade with Confidence, Not Consequence.

#Bybit / #TheCryptoArk
About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 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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