DUBAI, UAE, Feb. 4, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, redefines the ecosystem experience at the heart of MENA’s Web3 hub with the first brick and mortar Bybit Crypto Ark Experience Store. At the exclusive opening event on Jan. 17 at the Bybit headquarters, the brand new space was unveiled to the global crypto community.

A New Chapter in Ecosystem-Driven Innovation
Welcoming diverse members of the crypto ecosystem, Bybit gave over 100 attendees a glimpse of Web3’s future through an immersive experience at Bybit’s famed Crypto Ark. The guests were treated to an evening of inspiring conversations and crypto innovations. Panels and pitches captured the latest trends and revolutionary solutions in crypto, featuring prominent guest speakers and founders from The Crypto Hub, Tiny Trader, the storied Ghaf Capital, PWR Chain, Griffin AI, Moonring, Dragon Fram, among others.

Speakers from Bybit also opened up with a deep dive into the platform, showcasing the advanced products and features most popular among its users. The rapid-fire session provided visitors with an overview of Bybit’s comprehensive offerings, from wealth management, institutional solutions, VIP programs, to Web3 product innovation, all within an hour.

To The Heart of Innovation at the Crypto Ark
The new hub of blockchain and crypto innovation spans an impressive 16,000 sq. ft. at Dubai‘s CBD, fully dedicated to community building and the BUIDL ethos of the Web3 generation. It manifests Bybit’s vision to create an open space for dialogues both on-chain and in real life, driving forward blockchain innovation through collaborations and trust.

“We welcome everyone who shares our passion for crypto and a smart-contract-enabled future, and it would be the highest honor to see changes materialize at the Bybit headquarters,” said Michelle D, UAE Country Manager at Bybit. “An ecosystem only thrives on a diverse supply chain of resources and talent. The Bybit’s Crypto Ark Experience Store provides traders with a space to explore and experience Bybit products, while offering builders a platform to test their ideas and turn their dreams into reality.”

Bybit is committed to creating real-world impact with the global crypto community, and its door is open to entrepreneurs, traders, and blockchain technology enthusiasts who are looking for an intellectual home and creative space. Find out more about the the Bybit Crypto Ark Experience Store and stay tuned for future events: Application Form.

#Bybit / #TheCryptoArk

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/bybit-crypto-ark-experience-store-bringing-the-open-ecosystem-to-life-in-dubai-302367202.html

SOURCE Bybit

Featured Image: depositphotos @ akulamatiau

Disclaimer

The recent Bitcoin (CRYPTO:BTC) price crash to $91,200 has sparked debates over whether the crypto bull run is ending. While BTC recovered to $99,000 after news that U.S. tariffs on Mexico would be delayed, uncertainty looms over the market.

Bitcoin Faces Key Resistance Levels Amid Market Jitters

The ongoing market turbulence stems from former President Donald Trump’s aggressive trade policies, which many compare to the 1930 Smoot-Hawley tariffs that deepened the Great Depression.

Financial markets reacted swiftly, with the tech-heavy NASDAQ Composite (NASDAQ:IXIC) dropping 2.40% before recovering. Meanwhile, Bitcoin’s price movements have mirrored investor sentiment regarding the tariff impact.

Trump’s recent announcement that “pain” from tariffs is necessary caused Bitcoin to dip to $91,200, a critical support level. However, an agreement between the U.S. and Mexico postponed new tariffs by a month, prompting a recovery in risk assets, including crypto.

Still, BTC faces resistance at $100,000, $102,000, and $104,000. A rejection at these levels could lead to a retest of $91,200, or even a deeper correction toward $74,000, according to market analysts.

Traders remain cautious as Trump is set to hold discussions with Canadian Prime Minister Justin Trudeau. Any negative developments could reignite selling pressure, particularly if tariffs expand to other major trading partners like China and the European Union.

Crypto Bull Run at Risk? Indicators Signal Market Weakness

While some investors believe the crypto bull run is intact, key indicators suggest caution.

The MVRV (Market Value to Realized Value) momentum indicator remains weak, signaling a potential cooldown. Historical data shows that a drop below $92,100 could trigger a deeper sell-off.

Additionally, the crypto market’s high leverage levels mean that liquidations can intensify downward moves. Over the past 24 hours, more than $2.2 billion in leveraged positions were wiped out, making this one of the largest liquidation events since the FTX collapse in 2022.

Smart Money Investors Shift Focus to Low-Cap Cryptos

Amid the uncertainty surrounding Bitcoin’s direction, institutional investors and high-net-worth traders are increasingly shifting their focus to low-cap cryptocurrencies.

For instance, Solana-based token Alpha (CRYPTO:ALPHA) surged 46% on Monday, defying the market downturn. This suggests that investors are hunting for alternative opportunities beyond large-cap assets.

Similarly, AI-driven meme coin Mind of Pepe (CRYPTO:MIND) is gaining traction. Unlike traditional meme coins, MIND leverages artificial intelligence to provide real-time market analysis and community-driven trading signals.

MIND’s ongoing presale has already raised nearly $5 million, highlighting strong investor interest despite broader market volatility. With its ability to self-manage social media trends, some traders believe MIND could deliver 10x to 100x returns in the coming months.

Altcoins Remain High-Risk, High-Reward Plays

Despite the resilience of select low-cap cryptos, large-cap altcoins remain vulnerable. Tokens like Fartcoin (CRYPTO:FARTCOIN), AI16Z (CRYPTO:AI16Z), and AIXBT (CRYPTO:AIXBT) continue to show strong correlation with Bitcoin, meaning another BTC dip could drag these assets lower.

However, traders who correctly time entries into high-demand altcoins could benefit from significant short-term rallies. Historically, the assets that bounce the hardest during market recoveries tend to have the strongest upside potential.

Final Thoughts: Should You Still Buy Bitcoin?

The crypto bull run may not be over, but investors should proceed with caution. Bitcoin must decisively break above $104,000 to confirm bullish momentum. Until then, volatility is likely to persist, with potential downside risks remaining.

For those seeking safer entries, dollar-cost averaging (DCA) may be a prudent strategy. Additionally, keeping an eye on alternative assets like low-cap cryptos and AI-driven projects could provide opportunities even in uncertain market conditions.

Featured Image:  Freepik © freepik

Please See Disclaimer

Cryptocurrency markets have faced severe losses following former President Donald Trump’s tariff announcements, with leveraged positions amplifying the sell-off. Unlike traditional assets, crypto markets operate 24/7, leading to heightened volatility.

Crypto Tariff Impact Hits Digital Assets Hard

While global markets reacted negatively to the tariff news, digital assets took a particularly hard hit. Bitcoin (CRYPTO:BTC) saw a decline of up to 6.8%, while other major tokens like XRP (CRYPTO:XRP) and Solana (CRYPTO:SOL) suffered double-digit losses.

Ethereum (CRYPTO:ETH) experienced the sharpest drop, losing as much as 25% before recovering slightly. This sell-off erased all of its post-election gains and pushed it to a five-month low.

Why Crypto Reacted More Sharply Than Stocks

Trump’s tariff policy announcement targeted Canada, Mexico, and China, affecting investor sentiment across various sectors. However, the crypto tariff impact was more pronounced due to three key factors:

Continuous Trading: Unlike stock markets, crypto never sleeps. The weekend sell-off accelerated, leading to further declines as markets reopened Monday.

High Leverage: Many traders use margin to amplify gains, but during downturns, forced liquidations accelerate losses.

Ethereum’s Role in DeFi: Ethereum is the backbone of decentralized finance (DeFi), meaning automated liquidations disproportionately affected ETH.

Massive Liquidations Triggered by Tariff Fears

According to Matt Mena, a crypto research strategist at 21Shares, more than $2.2 billion in crypto positions were liquidated within 24 hours. This figure surpasses liquidation events seen during the collapses of FTX and Terra Luna in 2022.

Zack Shapiro, head of policy at the Bitcoin Policy Institute, noted that Ethereum’s outsized losses stem from its deeper integration into DeFi platforms. Many decentralized exchanges and market makers rely on ETH, making it especially vulnerable.

Will Bitcoin Hold Above Key Support?

Bitcoin (CRYPTO:BTC) has hovered near the critical $90,000 level. Standard Chartered has warned that if BTC drops below this threshold, it could trigger a broader market downturn.

Some analysts see this correction as a necessary market reset. Mena suggests that the crypto sector had been overheating, particularly with the rise of Trump-themed meme coins. He believes the current sell-off could help stabilize the market.

“Regardless, the market needed a cooldown, and this tariff-driven sell-off may have just been the catalyst to force a reset,” Mena said.

What’s Next for Crypto Markets?

Despite the sharp drop, some investors see opportunities. Historically, crypto has shown resilience, rebounding from major sell-offs driven by external shocks. Traders are now watching for signs of stabilization, particularly in Bitcoin, which often sets the trend for the broader market.

One key factor will be how institutional investors react. Firms like BlackRock (NYSE:BLK) and Coinbase (NASDAQ:COIN) have been increasing their exposure to digital assets through spot Bitcoin ETFs and custody services. If institutional demand remains strong, it could help support prices.

Additionally, regulatory clarity may play a role. Trump’s policies on tariffs have shaken markets, but his stance on crypto remains a wildcard. Some speculate that his administration could take a more favorable approach to digital assets, which might attract more institutional investors in the long run.

Investor Strategies in a Volatile Market

For investors navigating this volatility, risk management is crucial. Analysts suggest that dollar-cost averaging (DCA) could be a safer strategy during uncertain times. This method involves buying crypto in regular increments rather than making large, one-time purchases, reducing the risk of buying at peak prices.

Additionally, diversification remains key. While Bitcoin and Ethereum dominate the market, alternative assets such as stablecoins and blockchain-based equities, including companies like Marathon Digital Holdings (NASDAQ:MARA), could offer stability in turbulent periods.

Final Thoughts

The crypto tariff impact underscores how external economic policies can shake digital markets. While some analysts view the sell-off as a short-term correction, traders remain cautious as uncertainty around Trump’s trade policies continues.

Long-term investors may see this as a buying opportunity, while short-term traders brace for further volatility. The coming weeks will be critical in determining whether the market stabilizes or if another leg downward is in store.

Would you like any further refinements?

Featured Image: depositphotos @ monsit

Disclaimer

WENZHOU, China, Jan. 31, 2025 /PRNewswire/ — ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZK International” or the “Company”), is pleased to announce that its subsidiary, xSigma Corp., continues its commitment to technological advancements by planning the launch of xSigma Wallet, a next-generation crypto banking wallet that will enable users to seamlessly buy memecoins and cryptocurrencies using Visa / Mastercard credit cards, Apple Pay, PayPal, and Google Pay.

As part of this initiative, xSigma Wallet will also introduce its own xSigma Visa credit card, allowing users to top up their balance with crypto, providing greater accessibility and flexibility for digital asset holders.

A FinTech Platform Built for Security & Convenience

xSigma Wallet will be regulated in the U.S. and serve customers in over 170 countries, ensuring compliance with financial regulations while providing users with a secure and trusted digital asset experience. The wallet is being developed by the xSigma team, with regulated financial services provided by a white-label provider.

Key Features of xSigma Wallet:

• Buy Crypto & Memecoins – Users can purchase popular cryptocurrencies instantly with credit cards and Apple Pay.
• xSigma Visa Credit Card – A crypto-backed Visa card, enabling users to spend their digital assets easily.
• Secure & Regulated – Registered in the U.S., ensuring a compliant financial framework.
• White-Labeled Platform – Designed to be branded and operated under xSigma’s ecosystem.
• Non-Custodial Storage – xSigma will offer a secure, non-custodial way to store memecoins and major cryptocurrencies.
• On-Ramp Services – The wallet will provide simple fiat-to-crypto on-ramp services, allowing users to buy memecoins with minimal effort.
• Strategic Partnerships – xSigma plans to partner with various memecoins to become their official on-ramping partner.

Strong Market Demand for Memecoins & On-Ramp Services

The recent traction of Trump’s memecoin and Moonshot, a competing app that processed a record-breaking $400 million in trading volume on day one, indicates a strong demand for seamless on-ramp services for assets like memecoins. xSigma Wallet aims to meet this growing need by offering a frictionless and compliant way to purchase, store, and spend digital assets.

“At xSigma, we are committed to driving innovation in the digital asset space,” said Mr. Huang Jiancong, Chairman of ZK International. “The launch of xSigma Wallet is a major step forward in providing users with a secure, regulated, and user-friendly way to engage with cryptocurrencies and memecoins. As the market evolves, we aim to set the standard for compliant and seamless on-ramp solutions.”

Looking Ahead

The launch of xSigma Wallet represents another milestone in xSigma Corp.’s strategy to stay relevant in blockchain innovation and the digital infrastructure of tomorrow. More details, including launch dates and platform availability, will be announced in the coming months.

For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company’s SEC filings please visit www.sec.gov.

About xSigma Corp.

xSigma Corp. is a blockchain R&D lab and a subsidiary of ZK International Group Co., Ltd. (Nasdaq: ZKIN). The company focuses on decentralized finance (DeFi), blockchain-based payments, and financial technology innovations.

About ZK International Group Co., Ltd.:

ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. 

ZKIN’s core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly-sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets.  ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee.  It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the “Water Cube” and “Bird’s Nest”, which were venues for the 2008 Beijing Olympics.  ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.  

Safe Harbor Statement 

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International.  Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zk-internationals-xsigma-corp-plans-to-launch-xsigma-wallet-a-crypto-platform-for-buying-memecoins–digital-assets-with-credit-cards-302365311.html

SOURCE ZK International Group Co., Ltd.

Featured Image: Unplash @ Kanchanara

Disclaimer

CENTRAL, Hong Kong, Jan. 31, 2025 /PRNewswire/ — Lavenhill Securities Limited, a global financial services firm, is capitalizing on the groundbreaking momentum of SpaceX to expand its focus on cryptocurrency and blockchain technologies. Inspired by SpaceX’s relentless pursuit of innovation in space exploration, Lavenhill Securities aims to harness the transformative power of decentralized digital assets to revolutionize the financial sector.

SpaceX Soars to New Heights

SpaceX’s valuation has reached $350 billion, making it the most valuable startup globally. After a recent tender offer, investors are benefiting from a significant increase in valuation compared to the earlier $210 billion figure, currently pricing them at $185 per share.

Cryptocurrencies for Global Financial Solutions

Recognizing the growing popularity of cryptocurrencies, Lavenhill Securities is looking at the potential to simplify cross-border transactions, save costs, and increase accessibility for customers globally. This strategic emphasis complements Lavenhill’s commitment to provide cutting-edge solutions in a continuously changing financial world. Improving Decentralized Finance (DeFi) with AI.

Commitment to Innovation and Progress

Lavenhill Securities Limited encourages financial innovation while maintaining security, transparency, and sustainability. The company’s innovative approach reflects SpaceX’s vision for the future via cutting-edge technology.

 “At Lavenhill, we are inspired by SpaceX’s ability to redefine boundaries,” said Theodore Grayson, Sr. Finance Director at Lavenhill Securities.  “This momentum motivates us to embrace blockchain and cryptocurrencies as transformative tools that will not only redefine finance but also enable us to explore possibilities far beyond Earth.”

About Lavenhill Securities Limited

Lavenhill Securities Limited is a global financial services firm specializing in innovative solutions across investment banking, asset management, and financial technologies. Committed to driving progress, Lavenhill continuously adopts advanced technologies to shape the future of finance.

For media inquiries, please contact:
Catherine Yip
Public Relations
Website: https://lavenhillsecuritiesl.com
Phone: +85258030864
Address: MW Tower, 111 Bonham Strand, Sheung Wan, Hong Kong

View original content to download multimedia:https://www.prnewswire.com/news-releases/lavenhill-securities-limited-leverages-spacex-momentum-to-explore-cryptocurrencies-and-blockchain-technology-302364411.html

SOURCE Lavenhill Securities Limited

Featured Image: depositphotos @ spaxiax

Disclaimer