BEIJING, Dec. 20, 2024 /PRNewswire/ — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, announced today that the Company has signed an investment intention agreement (the “Agreement”) with its Canadian partner, NOWLIT Solutions Corp. (“Nowlit”), a prominent energy technology company focused on developing energy solutions and data center infrastructure in Canada, to provide green energy data center and cryptocurrency computing power. This initiative aligns strategically with AGM Holdings’ long-term expansion plan in the rapidly evolving artificial intelligence and data center market in North America.

Pursuant to the Agreement, Nowlit plans to contribute its existing 50 megawatts (MW) data center assets to AGM Energy Corp. (“AGM Energy” or the “JV”), the Canadian joint venture co-founded by AGM Holdings and Nowlit. Led by Nowlit’s founder, Mr. Ma, the JV is set to expand its capacity significantly. The initial 50MW contribution will enable the data center to host over 6,800 high-performance computing servers, providing an estimated computing power of 2,457 petahashes (P).

AGM Energy aims to develop additional data centers in Canada incrementally over the next two years, adding an average of 20MW per month, with a total projected capacity of 375MW. Additionally, the JV aims to leverage upstream and downstream industry partnerships to enhance computing power. The total computing power capacity of these data centers is expected to reach 18,427P within two years.

This significant milestone underscores AGM Holdings’ commitment to strengthening its market presence in the fast-growing data center sector. By capitalizing on the increasing demand for digital assets and leveraging its expertise in hardware and software solutions, the Company is well-positioned to capture emerging opportunities brought forward by the latest artificial intelligence technology revolution, driving sustainable growth and value creation for its stakeholders.

About NOWLIT Solutions Corp.

Established in 2013, NOWLIT Solutions Corp. is a high performance computing and data center supplier based in Canada. It offers complete solution including all hardware, hosting and initial setup for new and experienced servers. It is also committed to supporting the blockchain ecosystem by offering hardware, software and a variety of solutions and services. It has invested in large-scale oil and gas fields and is involved in the construction and operation of informatization infrastructure such as third-party data center machine rooms and bitcoin mining farms. For more information, please visit https://nowlit.com/.

About AGM Group Holdings Inc.

AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

AGM Group Holdings Inc.
Email: ir@agmprime.com 
Website: http://www.agmprime.com

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

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SOURCE AGM Group Holdings Inc.

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Disclaimer

The world of cryptocurrency is no stranger to rapid innovation, and a new player is making waves: the CYBRO token. With its explosive debut and AI-driven DeFi ecosystem, CYBRO could challenge Ethereum’s (ETH) dominance in decentralized finance (DeFi) and beyond. Let’s dive into why this low-cap token is drawing attention from investors and blockchain enthusiasts alike.

CYBRO’s Meteoric Rise: Post-Listing Surge

The CYBRO token gained 260% within 24 hours of its listings on Gate.io and MEXC, climbing from $0.06 to $0.16. Trading volume soared to $15 million at its peak, underpinned by solid fundamentals and strong presale interest. Before its public debut, CYBRO raised $7 million during its presale, attracting nearly 20,000 early investors.

Even after this impressive rally, CYBRO remains a low-priced token with substantial growth potential. Analysts suggest it could climb another 500-600% in the medium term or, under ideal conditions, achieve a staggering 1100% surge.

What Sets CYBRO Apart?

CYBRO operates as a multichain DeFi platform on the Blast blockchain, integrating artificial intelligence to enhance user earnings and simplify decentralized investing. Here’s what makes CYBRO unique:

Staking Rewards: CYBRO holders can earn passive income by locking their tokens.

Airdrops and Bonuses: Cashback and loyalty rewards incentivize community engagement.

Governance Opportunities: Holders with just 100 CYBRO tokens can join the CYBRO DAO, contributing to key decision-making processes.

Fee Savings: CYBRO users benefit from reduced transaction fees.

Future updates, including expanded AI-driven strategies and additional vaults, are set to further optimize DeFi investing. The CYBRO team’s ambitious roadmap, coupled with its promising performance, positions the token as a major player in the crypto market.

Ethereum’s Established Ecosystem

Ethereum (ETH), the second-largest cryptocurrency by market cap, remains a cornerstone of the blockchain world. Operating on a Proof-of-Stake (PoS) consensus mechanism, Ethereum powers an expansive decentralized application (dApp) ecosystem.

Key features of Ethereum include:

Smart Contracts: A framework for building decentralized finance platforms, gaming applications, and NFTs.

Layer 2 Solutions: Enhancements like Polygon (MATIC) and Arbitrum improve scalability and reduce transaction costs.

ERC-20 Token Standard: Widely adopted for creating utility and governance tokens.

While Ethereum has been pivotal in blockchain innovation, its scalability challenges and high transaction fees have opened the door for competitors like CYBRO to carve out market share.

Why CYBRO Could Surpass Ethereum

The 2024 bull run is reigniting interest in cryptocurrencies, but established assets like Ethereum may offer less dramatic short-term growth compared to emerging tokens like CYBRO. With its advanced AI-powered DeFi tools and user-focused features, CYBRO is gaining traction among retail investors and crypto whales alike.

Key factors driving CYBRO’s potential include:

AI Integration: Automated yield aggregation maximizes investor returns.

User Rewards: Unique staking and airdrop programs enhance the token’s appeal.

Transparency and Compliance: CYBRO prioritizes quality and regulatory adherence, crucial in an evolving market landscape.

CYBRO’s ability to address investor needs while scaling efficiently positions it as a formidable competitor to Ethereum in the coming years.

Conclusion

The CYBRO token represents the next wave of blockchain innovation, combining AI technology with a robust DeFi ecosystem. Its rapid post-listing growth and ambitious development roadmap suggest it could be a game-changer in the crypto space.

As the market evolves, CYBRO’s rise underscores the shifting dynamics in decentralized finance. While Ethereum remains a dominant force, the emergence of tokens like CYBRO highlights the growing opportunities for innovation and investment in blockchain technology.

Investors eyeing the next big project should keep CYBRO on their radar, as it continues to gain momentum and redefine what’s possible in the crypto market.

Investing early in projects like CYBRO could unlock significant gains, making it a compelling choice for forward-thinking crypto enthusiasts and investors worldwide.

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The crypto market is facing a significant downturn, shedding 4.4% in value to $3.36 trillion in the past 24 hours. This marks an 11% drop from its all-time high of $3.79 trillion just days ago. As cryptocurrencies continue their decline, investors are left wondering how deep the dive will go and what factors are driving this volatility.

Bitcoin Below $100K: A Bearish Signal?

Bitcoin, the leading cryptocurrency, has slipped below the critical $100K mark, stabilizing around $96K. Analysts point to $94.5K as a key support level; a breach could signal the end of a six-week uptrend. If Bitcoin falls below $92K by Friday or $93K by week’s end, it could dip under the 50-day moving average, strengthening the bearish outlook.

Despite these challenges, Bitcoin remains a focal point in the crypto market decline, with long-term investors cautiously optimistic about its recovery potential.

Market Sentiment and Investor Behavior

The crypto market decline coincides with a shift in investor behavior. Glassnode, a blockchain analytics firm, reports that newer Bitcoin investors are cashing in on network profits, while long-term holders are distributing their coins. This pattern suggests the market may be entering the late stages of a bull run.

Such transitions are historically marked by heightened volatility and often lead to a deeper correction before stability returns.

Mining Companies Double Down on Bitcoin

Amid the downturn, major mining companies are increasing their Bitcoin reserves:

MARA Holdings acquired 15,574 BTC at an average price of ~$98,529 per coin, bringing its total holdings to 44,394 BTC.

Hut 8 added 990 BTC to its reserves, now totaling 10,096 BTC, at an average price of $101,710 per coin.

These investments reflect miners’ confidence in Bitcoin’s long-term value despite the current crypto market decline. Mining activity often serves as a bellwether for broader market sentiment, suggesting resilience in the face of short-term turbulence.

Policy and Regulatory Developments

Global policies are playing a crucial role in shaping the crypto market. El Salvador’s agreement with the International Monetary Fund (IMF) highlights the friction between national adoption of Bitcoin and international financial institutions.

In exchange for a $1.4 billion funding package, El Salvador pledged to mitigate risks associated with Bitcoin. The IMF has been critical of the country’s decision to adopt Bitcoin as legal tender, urging the government to revoke its status and liquidate reserves.

This development underscores the challenges of integrating cryptocurrencies into traditional economic systems, adding another layer of uncertainty to the market.

Altcoin Insights: Solana’s Growth Amid the Slump

While Bitcoin dominates headlines, altcoins like Solana (SOL) are quietly carving out a niche. Solana-based applications have generated over $365 million in commissions through November, including $106 million from the “meme-token factory” Pump.fun.

Solana’s ability to drive revenue during a market downturn reflects the growing importance of decentralized applications (dApps) and blockchain ecosystems in the broader crypto landscape.

What’s Next for the Crypto Market?

The crypto market decline raises pressing questions about its trajectory. Key factors to watch include:

Support Levels for Bitcoin: Monitoring price movements around $94.5K and $92K will provide insights into market direction.

Institutional Investments: Continued accumulation by mining companies and institutional investors could stabilize the market.

Policy Developments: Regulatory clarity, particularly in regions like El Salvador, will influence investor confidence.

Altcoin Performance: Innovations in blockchain ecosystems like Solana could offer growth opportunities even amid a bearish trend.

While the short-term outlook appears challenging, long-term prospects remain promising for investors who weather the storm.

Conclusion

The crypto market decline is a stark reminder of its inherent volatility. As Bitcoin struggles below $100K, investors face a mix of challenges and opportunities shaped by market sentiment, institutional activity, and global policy dynamics.

For those willing to navigate the uncertainty, the crypto market continues to offer potential for significant rewards, underscoring its position as a transformative force in global finance.

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SINGAPORE, Dec. 19, 2024 /PRNewswire/ — Alchemy Pay, the world-leading fiat-payment gateway, has achieved a significant milestone successfully registering under Visa’s new Ramp Provider Program. This registration, made possible through it’s previously announced partnership with Worldpay, one of the world’s leading payments technology companies, marks a new chapter in Alchemy Pay’s mission to bridge the gap between traditional finance and the crypto global economies.

The Visa Ramp Provider Program, effective in multiple regions including APAC, CEMEA, Europe, LAC (excluding Brazil), the U.S., and Canada, provides a framework for third-party agents (TPAs) to convert fiat currencies into non-fiat currencies like Bitcoin (BTC) and Ethereum (ETH), and vice versa. This program is an important step forward in Visa’s broader strategy to enhance digital currency adoption and facilitate seamless transactions across its global network.

With this new registration, Alchemy Pay solidifies its role as a key player in the fiat-crypto payments ecosystem, offering solutions to a wide range of clients, from crypto exchanges and wallets to everyday merchants looking to accept digital currencies. As a registered ramp provider, Alchemy Pay is well-positioned to support the growing demand for crypto-to-fiat conversion services, enabling a more streamlined, secure, and efficient payment experience for users worldwide.

Partnership with Worldpay and Authorization by Visa

Alchemy Pay’s collaboration with Worldpay and its authorization by Visa has played a pivotal role in this achievement. In December 2023, Alchemy Pay announced its partnership with Worldpay to enhance its payment capabilities and offer access to Visa and Mastercard’s payment rails via its On & Off-Ramp services. This partnership enables users to buy and sell crypto seamlessly using their credit and debit cards, further improving the customer experience.

Furthermore, Alchemy Pay has been an official service provider under Visa’s Third Party Agent (TPA) Program since January 2023. As part of this recognition and authorization, Alchemy Pay has been able to offer payment-related services to Visa’s clients, further reinforcing its position as a trusted partner in the digital currency space and has been key to its success in completing the Ramp Provider Program registration.

Looking Ahead

“We are incredibly proud to complete registration under Visa’s Ramp Provider Program,” said Ailona Tsik, CMO of Alchemy Pay. “This milestone reflects our commitment to pushing the boundaries of crypto payment solutions and expanding access to digital currencies. Our authorization by Visa, along with our close partnership with Worldpay, will help us serve more merchants and users, enhancing the adoption of crypto payments globally.”

With this new registration, Alchemy Pay is set to play an even larger role in supporting merchants, businesses, and consumers as they navigate the expanding world of digital currencies. This milestone is part of Alchemy Pay’s broader compliance efforts to strengthen its position as a trusted and regulated player in the payments ecosystem. In the same month as this registration, Alchemy Pay also accelerated its compliance efforts by securing four additional Money Transmitter Licenses (MTLs) in the United States, bringing its total to eight licenses. The company has also expanded its licensing and compliance framework across Southeast Asia, Europe, and the UK, ensuring its services meet the highest standards of regulatory oversight globally. By working closely with Visa and Worldpay, Alchemy Pay is poised to provide a smoother and more inclusive payment experience for users worldwide, further accelerating the adoption of crypto payments.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

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SOURCE Alchemy Pay

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Disclaimer

Donald Trump’s cryptocurrency venture, World Liberty Financial, has drawn significant attention with its recent token swap. On Wednesday, the platform exchanged $10 million worth of Coinbase Global Inc.’s (NASDAQ:COIN) wrapped Bitcoin (cbBTC) for WBTC, an alternative wrapped Bitcoin associated with crypto entrepreneur Justin Sun. This move has raised questions about the platform’s strategy, Sun’s involvement, and the broader implications for the DeFi space.

Token Swap Highlights Ties to Justin Sun

World Liberty Financial, which positions itself as a DeFi lending platform, executed the swap through its official digital wallet. The transaction involved trading 103 cbBTC tokens for WBTC, marking a notable pivot in the platform’s holdings. Wrapped Bitcoin tokens, such as cbBTC and WBTC, are crucial for enabling Bitcoin holders to engage in decentralized finance on the Ethereum blockchain.

Justin Sun, a high-profile crypto entrepreneur and adviser to World Liberty Financial, distanced himself from the decision, stating, “This is their own financial choice; I have nothing to do with it.” Sun has been a controversial figure in the crypto world, most recently gaining attention for his $6.2 million purchase of a banana duct-taped to a wall at a Sotheby’s auction.

Sun’s $30 million investment in World Liberty Financial in November solidified his role as an adviser and helped Trump’s platform reach a financial threshold enabling it to generate profit.

Legal and Regulatory Backdrop

The swap is the latest development in an ongoing conflict involving wrapped Bitcoin tokens. Coinbase (NASDAQ:COIN), which launched cbBTC earlier this year, delisted WBTC, citing risks associated with Sun’s alleged control over the asset. BiT Global, the operator of WBTC and a partner of Sun, responded by suing Coinbase to prevent the delisting.

In a significant legal victory for Coinbase, a federal judge in California denied BiT Global’s request for a temporary restraining order to block the delisting. Coinbase maintained that Sun’s involvement posed “unacceptable risks” to its customers and the integrity of its exchange.

This legal backdrop underscores the complexities of the cryptocurrency landscape, where regulatory scrutiny and disputes over token control are common.

World Liberty Financial’s Expanding Portfolio

The token swap is part of a broader pattern of activity from World Liberty Financial. Last week, the platform acquired notable cryptocurrencies such as AAVE and LINK. Additionally, its wallets received approximately $250,000 worth of ONDO, a token issued by Ondo Finance, which specializes in asset tokenization.

While the platform is yet to become operational, these acquisitions suggest an aggressive strategy to position itself as a key player in the DeFi market.

Implications for DeFi and Wrapped Bitcoin

The swap between cbBTC and WBTC highlights a growing divide in the wrapped Bitcoin market. As a widely adopted wrapped Bitcoin token, WBTC has historically been a staple for Bitcoin integration into DeFi ecosystems. However, its association with Sun and related controversies have raised questions about its reliability and governance.

Coinbase’s cbBTC represents a newer entrant to the market, offering an alternative to WBTC. By distancing itself from Sun, Coinbase aims to provide a more transparent and secure wrapped Bitcoin option.

World Liberty Financial’s decision to align with WBTC rather than cbBTC indicates a calculated risk, potentially betting on Sun’s influence to strengthen its market position. However, this move also exposes the platform to regulatory and reputational risks associated with Sun’s controversial history.

What’s Next for Trump’s Crypto Platform?

World Liberty Financial’s activities have sparked curiosity and controversy in equal measure. With high-profile figures like Trump and Sun at its helm, the platform is uniquely positioned to make waves in the crypto industry.

However, its success hinges on overcoming several challenges:

Regulatory Scrutiny: The platform must navigate the increasingly strict regulatory landscape surrounding cryptocurrencies.

Market Trust: Aligning with contentious figures like Sun may erode investor confidence.

Operational Launch: World Liberty Financial must transition from an active wallet to a fully operational DeFi platform to prove its viability.

The Bottom Line

Trump’s crypto platform, World Liberty Financial, has taken a bold step with its $10 million token swap involving Justin Sun-associated WBTC. While the move positions the platform strategically in the DeFi space, it also invites scrutiny and controversy.

As the platform continues to build its portfolio and navigate legal challenges, its long-term success will depend on its ability to balance innovation with transparency and trust. Whether this latest move signals strength or a misstep remains to be seen in the evolving world of cryptocurrency.