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Binance Marks Nine Years: Nearly Half of All Crypto Holders Use Binance, $156 Trillion in All-Time Volume, and a Growing Vision Beyond Crypto

From crypto exchange to multi-asset financial platform, Binance marks nine years of growth driven by its global community and sets its sights on three billion users

ABU DHABI, UAE, July 14, 2026 /PRNewswire/ — Binance, the world’s largest cryptocurrency exchange by trading volume, today marks its ninth anniversary with more than 323 million registered users across over 100 countries. When Binance launched in July 2017, fewer than 6 million people worldwide owned cryptocurrency. Today, that number exceeds 741 million, representing growth of more than 12,000% in under a decade. Binance’s user base has grown from zero to 323 million over the same period, meaning roughly 43% of all crypto holders worldwide now use Binance.

The milestone arrives as digital assets move from the margins of global finance to the mainstream. Institutional participation is at record levels, with ETFs and digital asset trusts now holding over 12% of circulating BTC supply. Regulatory frameworks are forming across the G20, the EU, the Middle East, and Southeast Asia. The lines between traditional finance and crypto infrastructure are blurring in ways that would have been difficult to predict when Binance launched.

For Binance, the anniversary is more than a reflection of nine years of growth. It is also a statement of intent: to become the world’s leading financial super app, bringing access to global markets to its target of over three billion users worldwide.

Binance’s Scale at a Glance:

  • 323 million registered users globally, up roughly 7% in H1 2026 alone, representing approximately 43% of all crypto holders worldwide
  • Over $156 trillion in cumulative all-time trading volume across all products (up 7.8% from $145T at year-end 2025), a figure that exceeds the combined annual GDP of the United States, China, Japan, Germany, and the United Kingdom
  • Institutional users grew 9% in H1 2026, reflecting continued maturation of the buyer base
  • $80B+ in monthly TradFi trading volume since March 2026
  • 11% more coins and 3% more trading pairs added in H1 2026, broadening market access

From Crypto Exchange to Multi-Asset Platform
Over the past year, Binance extended its product suite into traditional financial instruments, including stock trading, ETFs, and pre-IPO perpetuals, alongside its existing digital asset offerings. These products are built on Binance’s blockchain-native infrastructure, enabling stablecoin settlement, 24/7 market access, and cross-asset functionality within a single platform.

The early traction has been significant:

  • Since March this year, TradFi products on Binance have generated over $80B in monthly trading volume.
  • Direct stocks, launched in June 2026, reached $1B in assets under management (AUM) within 30 days of launch, alongside over $3B in cumulative trading volume.
  • bStocks, tokenized 1:1 U.S. securities on Binance that trade 24/7, crossed $100M in AUM within 2 weeks of launch.
  • 47% of bStocks trading volume takes place outside U.S. market hours, reflecting demand for round-the-clock market access.

Even as Binance expands into new asset classes, its core crypto business continues to demonstrate the depth and resilience that have defined its market position since year one:

  • Binance has now processed $156.4 trillion in all-time trading volume, adding roughly $11.4 trillion in the first half of 2026 alone, a 7.8% increase from year-end 2025.
  • Institutional users also grew 9% over the same period, reinforcing the trend of professional capital deepening its participation in digital assets.
  • This growth occurred despite a more challenging market environment in H1 2026, indicating that user engagement is driven by structural participation rather than short-term market cycles.

Building Toward Three Billion Users
The expansion into traditional financial products reflects Binance’s vision of building the world’s leading financial super app that consolidates trading, payments, savings, and access to global markets on a single platform. The path to three billion users runs through markets that traditional institutions have historically underserved, where blockchain-native infrastructure can deliver financial services at a cost and scale that legacy systems cannot match.

Industry data supports the scale of the opportunity. It is estimated that 741 million people own crypto globally, compared to approximately 630 million online brokerage accounts. Crypto infrastructure already reaches more people than traditional equity brokerage, and that gap is widening.

“Nine years ago, we set out to increase the freedom of money globally. What we have built is infrastructure that works for everyone. It works whether you are a retail trader in an emerging market or an institutional investor in a financial centre. When we launched in 2017, fewer than 6 million people owned crypto. Today, 741 million do, and 323 million of them are on Binance. That is not just growth. It is a shift in how the world accesses finance. We are only at the beginning,” said Yi He, Co-CEO of Binance.

“323 million people chose to trust us with their money. That is not something we take lightly. Every decision we make, every product we build, every market we enter starts with the question of whether it serves the people who put their faith in us. Today, 43% of all crypto holders worldwide use Binance. As the financial frontier moves toward the intersection of crypto and traditional finance, that trust becomes even more significant. Expanding beyond crypto into stocks, ETFs, and tokenized securities is part of that same commitment. Users deserve access to global markets, and we intend to give it to them,” said Richard Teng, Co-CEO, Binance.

Built by the Community
This year, Binance marks its anniversary under the theme “Built by You.” The theme reflects the company’s belief that its growth over the past nine years was shaped not by the platform alone, but by the millions of users who traded, learned, built, and participated on it.

To mark the occasion, Binance has launched “Built by You,” a global anniversary campaign celebrating the community that helped shape Binance. The campaign features up to $4.5 million in rewards and an interactive journey across nine landmarks in ‘Binance City’, each tied to a different part of the Binance ecosystem.

Products and services referred to in this press release may not be available in your region.

About Binance 
Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.

For more information, visit: https://www.binance.com

THE NOISE NATION: NOISE REVEALED AS #1 AUSTRALIAN NEIGHBOURHOOD OFFENCE

SIPPY DOWNS, Australia, July 14, 2026 /PRNewswire/ — Australians may want to keep their neighbours at arm’s length, but new research from Youi Insurance reveals we still expect them to follow a very specific set of unwritten rules, with noisy neighbours topping the list of behaviours most likely to get under our skin.

As part of the second instalment of Youi’s Unofficial Series – following the launch of the Australian Unofficial Driving Etiquette Act in 2024 – the insurer has put neighbourly behaviour to the test, uncovering the rules Australians live by, despite rarely saying them out loud.

In a survey of over 2,000 Australians, nearly two-thirds (63%) ranked keeping noise down after certain hours as an unwritten rule of neighbourhood life and not using loud power tools too early or late in the day (48%) closely following. It’s also the biggest source of friction, with 21% of Australians’ worst neighbour experiences involving noise or parties.

Noise annoyance tops the list of behaviours Australians say they are most likely to speak up about (52%), and quiet hours are clearly defined – with two-thirds of Australians (66%) drawing the line before 10pm on weekdays, and tolerance slightly improving on weekends with 64% accepting noise after 10pm. 

THE UNOFFICIAL RULEBOOK: PUT TO THE TEST

While Australians may not talk about them openly, these expectations form a clear – if unwritten – code of conduct.

So, Youi put it to the test, asking Australians what behaviours matter most, and distilling the results into the Australian Unofficial Neighbourhood Etiquette Act 2026.

  1. Excessive Noise and the Right to a Good Night’s Sleep 
  2. Parking Conduct and Access Protection
  3. Neighbour Acknowledgement Protocol  
  4. Pet Conduct and Control Regulation 
  5. Privacy Boundary and Non-Intrusion Standard 

The findings show Australian neighbourhoods are held together not by formal regulations, but by a shared understanding of everyday etiquette. Over half (54%) of Australians agree their neighbourhood operates on unwritten rules, while 58% say they prefer neighbours who are polite, but keep their distance, highlighting a balance between friendliness and personal space.

At the same time, there are signs Australians are increasingly seeking a stronger sense of community closer to home, suggesting these small, everyday interactions play an important role in fostering connection.

Anthony Antonucci, Chief Customer Officer at Youi said that these unwritten rules reflect a uniquely Australian approach to neighbourhood living, one that values mutual respect, personal space, and a sense of quiet community.

“Australians want to be good neighbours, but on their own terms. There’s an unspoken balance between being friendly and respecting personal space – clearly, noise is where that line is drawn most clearly,” Anthony said.

“Our findings show that while the idea of neighbourly behaviour is still strong, how it’s being lived out is changing across generations. Younger Australians clearly believe in the idea of neighbourly rules, with 65% of Gen Z agreeing they exist, but they’re less likely to put them into practice compared to older generations. Baby Boomers are the most committed rule-followers,” she said.

Social researcher and futurist Ashley Fell said the results reflect shifting attitudes towards community and connection in modern Australia.

“Australians are redefining what community looks like in a more individualised and fast-paced world. We still value connection, but increasingly on our own terms, and in ways that feel low-effort and non-intrusive,” Ashley said.

“These unwritten rules act as a social guide – they help people coexist more comfortably while creating opportunities for small but important moments of connection. 53% of Aussies feel that having neighbours living nearby makes them feel safer and more supported. Strengthening community can be as simple as saying hello, being mindful of noise, and respecting personal space according to Aussies,” she said.

Explore the full findings and Australia’s unwritten neighbour rulebook here.

-ENDS-

Disclaimer 

This data is sourced from a survey conducted by Ideally between 2 June 2026 and 5 June 2026, involving 2,144 individuals aged 18 and above from all states and territories within Australia. Some percentages have been rounded to the nearest whole number. Survey results have not been independently verified by Youi and may not be representative of the general population. Youi makes no representation or warranty of any kind of the accuracy, adequacy, reliability, or completeness of the data and accepts no liability for any loss or damage of any kind suffered as a result of the use of or reliance on the data. Individual experiences may vary. 

Any information contained in this article is for general information only and is not comprehensive advice. Any recommendations should be considered against your personal circumstances. 

References 

1. Unofficial Neighbourhood Rules, Youi Insurance 

ABOUT YOUI: 

Youi Pty Ltd is an Australian registered company and is a wholly owned subsidiary of Youi Holdings Pty Ltd, a subsidiary of OUTsurance International Holdings Pty Limited. The ultimate holding company is OUTsurance Group Limited. 

Youi Pty Ltd is a registered general insurance company which underwrites its own policies. Our products currently include Vehicle Insurance (Car Insurance, NSW CTP Green Slip, SA CTP, Motorcycle, Caravan and Trailer), Home Insurance (Buildings and Contents), Watercraft and Small Business Insurance

Company: Youi Insurance
Company Phone: 13 96 84  

Website: https://www.youi.com.au/ 

 

Inje University Marks 7 Years of Nursing Education Partnership in Laos

11th LAIN-LUPIC workshop strengthens teaching, assessment, and research frameworks at the University of Health Sciences. (Photo supplies)

South Korea’s Inje University held the 11th Leading University Project for International Cooperation (LAIN-LUPIC) workshop in Vientiane from 8 to 10 July, seven years of nursing education cooperation with Laos.

About 30 faculty members from the Faculty of Nursing Sciences at the University of Health Sciences (UHS) attended the three-day event, themed “Strengthening Quality in Nursing Education: Integrating Teaching, Assessment, and Research.” 

The workshop is the latest in a series held under a partnership between the two institutions that began in 2020.

On the first day, Inje University Vice President for Medical and Pharmaceutical Affairs Professor Byoungdoo Rhee spoke on developing nursing faculty competencies at UHS, outlining directions for improving the quality of education. Researcher Donghwi Kim, from Inje University Paik Hospital’s Simulation Center, followed with a session on interprofessional education, drawing on operational cases to explain the importance and strategies of collaborative training among healthcare professionals.

11th LAIN-LUPIC workshop strengthens teaching, assessment, and research frameworks at the University of Health Sciences. (Photo supplies)

On the second day, LAIN-LUPIC Project Manager Professor Jina Oh addressed the philosophical values and professional identity underpinning nursing education. 

Faculty then took part in an expert feedback session on 35 application-type multiple-choice questions developed by Lao instructors, covering seven subjects on the Lao National Nursing Licensing Examination. 

Rhee and Oh gave guidance on improving the questions’ validity and reliability and shared methods for writing items that test clinical problem-solving skills, reviewing progress made on exam development to date.

On the final day, visiting professors Eunsil Won and Seohyun Won led sessions on research design and analysis, covering variable selection, appropriate statistical methods, and how to interpret research result tables, aimed at helping faculty translate accumulated teaching experience into research output.

Organizers expressed the workshop linked faculty development, assessment systems, exam quality, and research capacity into a single integrated framework for nursing education in Laos, adding that it also strengthened Lao faculty members’ practical capacity to manage educational quality.

“The 11th LAIN-LUPIC workshop served as an opportunity to further solidify the foundation for improving the quality of nursing education in Laos by linking teaching, assessment, and research into a single system,” Oh said.

She added that the partnership would continue, building on Inje University’s educational expertise to help UHS achieve sustainable innovation and train nursing professionals in Laos.

FocalPoint and STMicroelectronics enter into a commercial agreement to deliver enhanced GNSS reliability for automotive applications

The commercial agreement combines proven FocalPoint S-GNSS® Auto software with STMicroelectronics Teseo hardware to improve positioning reliability in challenging GNSS environments

CAMBRIDGE, England, July 14, 2026 /PRNewswire/ — FocalPoint, a UK-based leader in GNSS (Global Navigation Satellite System) software for automotive, wearables, and smartphones, today announced that it has entered into a commercial agreement with STMicroelectronics. The agreement marks a major step towards delivering highly reliable vehicle positioning in challenging GNSS environments. Building on the collaboration first announced in May 2025, FocalPoint and STMicroelectronics have now advanced their joint S-GNSS® Auto and Teseo solution to a full commercial offering.

FocalPoint and STMicroelectronics enter into commercial agreement
FocalPoint and STMicroelectronics enter into commercial agreement

The joint industry-leading solution delivers a significant leap in GNSS reliability, particularly in urban canyons, tree-lined roads, and other tough environments where conventional GNSS systems struggle. It is delivered as a simple firmware upgrade to Teseo devices, enabling automotive OEMs and Tier 1 suppliers to achieve substantially improved positioning accuracy in a straightforward and cost-efficient manner.

Backed by FocalPoint’s patented Supercorrelation® technology, S-GNSS® software has demonstrated consistent accuracy improvements in multipath and signal-degraded conditions. In recent rigorous global trials, S-GNSS® Auto on Teseo devices significantly outperformed standard commercial-grade solutions. The joint solution is advancing towards commercial deployment in both current and next-generation OEM platforms.

“We’re delighted to enter this commercial agreement with ST in addition to becoming an ST Authorized Partner, taking our collaboration to the next level. Our joint solution addresses the GNSS reliability pain points experienced by many OEMs when architecting their ADAS solutions,” said Scott Pomerantz, CEO at FocalPoint. “Together, we deliver significant improvements that make autonomous and connected vehicles safer and more reliable.”

“Through our commercial agreement with FocalPoint, and by leveraging the flexibility of Teseo’s open platform, we are expanding our portfolio with S-GNSS® Auto-powered products that help customers push performance beyond traditional GNSS receiver limits and gain a real competitive edge in the market,” said Luca Celant, Digital Audio and Signal Solutions Division General Manager, STMicroelectronics. “By adding the S-GNSS roadmap and innovations such as Precise+® to the state-of-the-art Teseo portfolio, we are working to deliver sub-meter accuracy in the toughest environments. Together, we’re helping OEMs add value and accelerate ADAS and V2X capabilities with confidence.”

This collaboration strengthens both companies’ commitment to enabling safer automated vehicles as well as improving everyday navigation.

More details are available on FocalPoint’s ST Partner page.

Evaluation kits (EVKs) integrating FocalPoint’s S-GNSS® Auto software on Teseo V and Teseo VI are now available for OEMs, Tier 1s, and ecosystem partners on the FocalPoint website.

Contact FocalPoint at contact@focalpointpositioning.com for the full results report of S-GNSS® Auto on Teseo devices.

About FocalPoint

FocalPoint develops advanced software that ensures GNSS reliability in the most challenging environments. Their flagship S-GNSS® Auto software delivers the positioning accuracy required to advance vehicle autonomy, especially in urban canyons and forest roads. Integrated onto STMicroelectronics Teseo V and Teseo VI devices, this joint solution is offered as a seamless firmware upgrade, empowering OEMs to advance their ADAS and V2X capabilities. Headquartered in Cambridge, UK, FocalPoint is backed by a strategic investment from GM Ventures and has earned multiple awards and recognition from the Royal Institute of Navigation and the Institute of Navigation.

Website: focalpointpositioning.com

Media contact
Ramya Sriram; contact@focalpointpositioning.com

 

S-GNSS® Auto on Teseo devices delivers reliable GNSS in urban environments
S-GNSS® Auto on Teseo devices delivers reliable GNSS in urban environments

 

Soprano Strengthens Global Security Credentials with Major Compliance Milestones

Soprano Reinforces its Position as a Market-Leading Communications Provider After Achieving Four Major Global Security Accreditations

SYDNEY, July 14, 2026 /PRNewswire/ — Australian automated communications technology company, Soprano Design, has strengthened its global security credentials after achieving four major compliance accreditations across its business, reinforcing its position as a trusted communications provider for enterprise and government organisations.

Soprano has achieved SOC 2 Type II, ISO 27001:2022, IMDA Security Framework and Cyber Essentials Plus compliance, reflecting the company’s continued investment in security, governance and operational resilience.

The accreditations come as enterprise and government organisations place greater scrutiny on the technology platforms that manage customer, citizen and employee communications. By meeting these recognised global standards, Soprano provides customers greater assurance that its platform, processes and controls are built to support secure, business-critical communications at scale.

“Achieving these accreditations is a significant milestone for Soprano and a testament to the discipline, rigour and hard work behind our technology, operations and people,” said Mohammed Odah, Chief Technology Officer, Soprano Design.

“As security threats continue to evolve, enterprise and government organisations need to know the platforms they rely on are backed by strong controls, independently tested processes and a culture that treats security as a core responsibility,” he said.

“These accreditations are not simply badges. They represent the strength of the systems, processes and governance we have built across Soprano to protect customer data and support organisations operating in highly regulated environments.

Behind each accreditation sits a specific part of Soprano’s business, spanning its Soprano Connect and Whispir platforms, its Singapore entities and its UK operations.

“Soprano has achieved SOC 2 Type II and ISO 27001:2022 across its Soprano Connect and Whispir platforms, the IMDA Security Framework across all five of its Singapore entities, and UK Cyber Essentials Plus in the United Kingdom, reflecting the company’s continued investment in security, governance and operational resilience across every market it serves,” said Simon Tipple, Director of Corporate IT and Security, Soprano Design.

“For our customers, many of whom operate in regulated industries, this is independent validation that the platforms they rely on for critical communications are built, run and continuously tested to the highest global standards.”

For more than 30 years, Soprano has supported enterprise and government organisations with secure, reliable and scalable communications technology. The latest accreditations further demonstrate the standards Soprano holds itself to as a long-standing partner to organisations managing business-critical communications.

“For three decades, Soprano has been trusted by enterprise and government organisations to support some of their most important communications,” said Dr. Richard Favero, Founder and Chairman, Soprano Design.

“That trust has always been built on more than technology alone. It comes from the standards we hold ourselves to and the responsibility we take in protecting the information that moves through our platforms,” he said.

“These latest accreditations are an important reflection of our commitment to our enterprise and government customers. They reinforce what has always been at the heart of Soprano: delivering secure, reliable and trusted communications for organisations that cannot afford to compromise.”

As organisations continue to modernise the way they communicate with customers, employees and communities, security and compliance have become increasingly important in the selection of communications technology partners.

“Our customers operate in environments where trust, security and reliability are non-negotiable,” said Antony Sault, Chief Revenue Officer, Soprano Design.

“These accreditations give them further assurance that Soprano is committed to meeting the standards required by enterprise and government organisations around the world,” he said.

“For current customers, this reinforces the confidence they already place in our platform. For organisations assessing their communication partners, it demonstrates that Soprano is built to support secure, high-volume and business-critical engagement at scale.”

These four accreditations sit alongside Soprano’s broader compliance programme, which is designed to support customers operating under regulatory frameworks including the EU’s Digital Operational Resilience Act (DORA), APRA’s Prudential Standard CPS 230 in Australia, and the Australian Security of Critical Infrastructure (SOCI) Act. Together, they reflect Soprano’s commitment to secure, resilient communications for the enterprise and government organisations it serves worldwide.

Ends.

About Soprano Design

Soprano Design is a leading CPaaS provider trusted by 150+ Fortune 500 companies globally and serves over 32 billion automated interactions for its enterprise and government customers every year.

For more information about Soprano Design and its communication solutions, visit sopranodesign.com.

STATEMENT FROM THE RIGMORA BIOTECH INVESTORS

MONACO, July 14, 2026 /PRNewswire/ — The Rigmora Biotech Investors welcome the order issued July 10th 2026 by Hon. Justice Jalil Asif KC of the Grand Court of the Cayman Islands.

Following the hearing on July 1, the court determined that control of ATP Life Sciences Ventures L.P. (“the Fund”) should be taken away from the current General Partner, ATP III GP Ltd, which is led by Dr. Seth Harrison. With immediate effect the Fund will be managed by independent office holders appointed by the Grand Court, Mr. Alexander Lawson and Mr. Barry Lynch of Alvarez & Marsal.

The Rigmora Biotech Investors are convinced that the immediate removal of the current General Partner’s control over the Fund, with the future management of the Fund to be conducted by professional and independent office holders, is in the best interest of the Fund and will result in maximization of the Fund’s value.

Brian Cattell, CLP Strategies bcattell@clpstrategies.com 

Palm Beach Motor Yachts joins as a Partner of the 4* Dressage Event at the Longines Global Champions Tour Vienna 2026

VIENNA, July 14, 2026 /PRNewswire/ — Companies from around the world support international sporting events, and for good reasons: they’re not just seeking reach, but places where people come together, enjoy shared moments, and create genuine experiences. This is exactly why Palm Beach Motor Yachts is now joining the Vienna leg of the Longines Global Champions Tour. The world’s leading manufacturer of luxury motor yachts with Australian roots and international headquarters in Florida is partnering with the new international 4*dressage event, set against the backdrop of Schönbrunn Palace.

International sporting events of this scale are hardly possible to organize without strong partners. Sponsorship has evolved well beyond a classic logo on an advertising board into a strategic brand decision. Today, companies invest in experiences that make their brand credible and tangible.

A recent example of this is Palm Beach Motor Yachts. The globally active manufacturer of luxury motor yachts – with Australian roots and international headquarters in Florida – is now partnering with the newly launched international 4* dressage tournament at the Longines Global Champions Tour Vienna. The fact that a company from the other side of the world has chosen the Vienna leg of the event, held in the main courtyard of Schönbrunn Palace, underscores the event’s international appeal.

Sponsorship Today Is More Than Just Advertising

The Longines Global Champions Tour is one of the world’s most prestigious equestrian sport series, making stops in major cities such as Paris, Shanghai, Rome, London, and Miami Beach. In 2026, Vienna will expand the program for the first time with an international dressage tournament, making it the only leg of the series to feature a second Olympic equestrian discipline. This creates additional opportunities for partners to present their brand in a high-quality international environment.

“We are proud to have won Palm Beach Motor Yachts as a partner — a company based on another continent that has deliberately chosen Vienna. It shows that our unique event at Schönbrunn Palace has long been recognized far beyond Austria’s borders and holds strong appeal for international companies. We are particularly delighted that this partnership is backed by an entrepreneurial family who not only supports equestrian sport, but lives it with great passion themselves,” emphasize Sonja Klima and Helmut Morbitzer, organizers of the LGCT Vienna | Schloss Schönbrunn.

A Stage For The World’s Best

Last year, the world’s most successful dressage rider, Isabell Werth, already thrilled audiences in Schönbrunn with her impressive freestyle. With the new international 4* dressage tournament, this Olympic discipline now gains a permanent place within the Longines Global Champions Tour Vienna for the first time.

“Riding against the backdrop of Schönbrunn Palace is truly special. Venues like this are extremely rare in dressage sport and create a unique atmosphere — for us riders as well as for the audience. It is wonderful that dressage continues to grow within the Longines Global Champions Tour Vienna, and has found a partner in Palm Beach Motor Yachts that supports this development. Partnerships like these are enormously important for our sport,” says Isabell Werth.

Vienna Wins Over International Partners

There are good reasons why companies from around the world support international sporting events. They are not only seeking reach, but places where people come together, enjoy shared moments, and create genuine experiences. The unique setting of Schönbrunn Palace, the international scope of the Longines Global Champions Tour, world-class competition, and a discerning audience come together to create exactly this kind of environment. Palm Beach Motor Yachts’ involvement shows that this combination can win over even companies from the other side of the world.

“For Palm Beach Motor Yachts, the partnership reflects a natural connection between two worlds defined by aesthetic grace, timeless elegance, precision, and seemingly effortless performance. It also speaks to a discerning audience that embraces competition and the pursuit of excellence, whether in business, sport, or the experiences they choose to enjoy on land and on the water,” says Mark Richards, Founder/CEO, Palm Beach Motor Yachts.

Longines Global Champions Tour Vienna | Schloss Schönbrunn
September 24 – 27, 2026
www.lgct-vienna.com

– Picture is available at AP

Nicole Lazar
+436641342373
nicole@komma4.at

 

Elong Power Holding Limited Announces Closing of US$6.6 Million Public Offering

BEIJING, July 14, 2026 /PRNewswire/ — Elong Power Holding Limited (Nasdaq: ELPW) (“Elong Power” or the “Company”), a comprehensive provider dedicated to the R&D, sales and scenario-oriented system solutions of lithium-ion battery energy storage systems, today announced the closing of its previously announced registered public offering conducted on a best-efforts basis.

The Company issued an aggregate of 16,500,000 units (each, a “Unit”) at an offering price of US$0.40 per Unit (the “Offering”). Each Unit consists of one Class A ordinary share of the Company (or pre-funded warrant in lieu thereof), with a par value of US$0.0128 per share, and one common warrant to purchase one Class A ordinary share of the Company (the “Common Warrant”).

Each Common Warrant is immediately exercisable upon issuance at an initial exercise price of US$0.40, which is equal to the public offering price per Unit. The warrant exercise price is subject to customary anti-dilution adjustments in connection with share splits, share combinations, dividend distributions, subsequent equity sale and other corporate restructurings. The warrants will expire on the third anniversary of the issuance date.

The company received total gross proceeds of approximately US$6.6 million, prior to deducting placement agent fees, legal fees, administrative and other offering-related expenses. The Company intends to use the net proceeds from the Offering for working capital requirements, general corporate purposes, as well as further product iteration & development and production capacity expansion.

Maxim Group LLC acted as the sole placement agent for the Offering. Ortoli Rosenstadt LLP acted as U.S. securities counsel to the Company, and Pryor Cashman LLP acted as U.S. securities counsel to the placement agent, in connection with the Offering.

The Company’s Registration Statement on Form F-1 (File No. 333-297290) was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on July 9, 2026. The Offering was made exclusively by means of a prospectus contained within the effective F-1 registration statement, copies of which may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. Copies of the registration statement can be accessed through the SEC website at www.sec.gov.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. No offering, sale or solicitation shall be permitted in any jurisdiction where such offering or sale would be unlawful prior to registration, exemption or qualification under the local securities laws of such jurisdiction.

About Elong Power

Elong Power Holding Limited is an exempted company incorporated under the laws of the Cayman Islands. Adhering to its development strategy of “Asset-Light, R&D-Intensive, AI + Energy Storage, Global Scenario Layout”, the Company focuses on lithium battery energy storage system core business, with strategic layout covering overseas residential & commercial and industrial (C&I) energy storage, as well as grid-side energy storage in China. The Company is committed to delivering high-reliability, cost-effective and intelligent energy storage system solutions to global customers. Elong Power is chaired and led by Ms. Xiaodan Liu as Chief Executive Officer.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to substantial risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied, including without limitation: the Company’s ability to complete the Offering in accordance with the expected timeline and terms; satisfaction of closing conditions; the planned use and actual deployment of net proceeds; adverse changes in global market conditions and capital market sentiment; risks relating to the Company’s business strategy adjustment and asset optimization; the ability to maintain the Company’s Nasdaq listing status; changes in industry policies and regulatory rules; future capital financing needs; and other risk factors disclosed in the Company’s periodic filings and subsequent submissions with the SEC, including its Annual Report on Form 20-F. All forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking statements except as required by applicable law.

Investor & Media Contact

Elong Power Investor Relations

Email: ir@elongpower.com