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Move Industries Launches New Era for Movement

Leadership transition and new organizational structure reinforce commitment to core technology and enhanced governance

SAN FRANCISCO, May 7, 2025 /PRNewswire/ — Movement Labs, a Web3 company and core contributor of the Movement Network, today announced the establishment of Move Industries by two Movement employees. The newly formed Move Industries has been established to ensure a more simplified and focused operational structure, including new executive leadership.

Move Industries Launches New Era for Movement
Move Industries Launches New Era for Movement

Torab Torabi, a founding member of Move Industries, will lead the company as CEO. In addition, Will Gaines will serve as President and Chief Marketing Officer and Young Yang Liauw will continue overseeing engineering. Mr. Liauw brings significant blockchain engineering expertise from his time at Aptos as Head of Move along with positions at Novi and Meta, where he worked on the Libra team.

Move Industries is committed to maintaining Movement’s position as a leading Move-based blockchain ecosystem. Move Industries’ three core pillars are Community/Brand, Engineering/Product, and Ecosystem/Business Development. The new endeavor will operate with enhanced accountability measures, providing a stronger foundation for the Movement ecosystem’s future growth and success.

“Today marks the beginning of an exciting new chapter for the Movement,” said Torabi. “We are putting in place the structures needed for our company to thrive, which includes a full commitment to our ecosystem builders and community. They are at the heart of everything we do. Our team remains heads down, improving chain performance, increasing economic activity on-chain, and supporting the incredible projects being built on the Movement Network. We will continue full steam ahead to fulfill our promises.”

Movement Labs has also terminated Co-Founder Rushi Manche.

Additionally, Co-Founder Cooper Scanlon is voluntarily passing the torch to Torab Torabi, to lead Move Industries.

“It has been an incredible journey bringing the Movement vision to life and I’m immensely proud of what we’ve built together,” said Scanlon. “Torab has been instrumental to Movement’s development from the beginning, and I have complete confidence in his leadership abilities and vision for the future. I will continue to support the Movement and advocate as the team writes this next chapter.”

Move Industries will operate under improved governance, including expanded board oversight and transparent decision-making processes.

“The Movement community has stood with us through both triumph and challenge,” said Gaines. “With Move Industries, we’re returning to our founding principles: self-sovereignty, creativity, and systems that serve people. This next chapter will ensure we continue building world-class infrastructure, world-class businesses and a world-class movement.”

About Move Industries

Move Industries is building a community-first Move-based blockchain ecosystem. Led by a team of industry veterans, Move Industries maintains a dual focus on technology and community. The organization intends to return to crypto’s radical roots: giving financial power and opportunity back to the people.

 

Blue Cross Surpasses Market Average with Over 20% Growth in 2024


HONG KONG SAR – Media OutReach Newswire – 7 May 2025 – Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) reported outstanding performance in the 2024 provisional statistics for Hong Kong general insurance business released by the Insurance Authority:

  • Blue Cross achieved a 22.1% year-on-year growth in gross written premiums, significantly outpacing the market average of 6.3%1. Blue Cross’s overall market share has also increased.
  • Non-medical business experienced strong growth, with premiums surging by over 30% (31.7%), mainly driven by performance in travel and personal accident, employees’ compensation, general liability and motor vehicle insurance businesses. The overall market’s non-medical business slightly declined by 0.9%2.
  • In particular, travel and personal accident business performed the best, with a premium growth of nearly 40% (36.7%), far exceeding the overall market’s growth of about 20% (20.1%)3.
  • Medical business also maintained its growth momentum, recording a premium growth of nearly 20% (19.1%).

Ms. Bonnie Tse, Chief Executive Officer of Blue Cross, said, “Thanks to the staunch support of our customers and the collective efforts of our business partners, frontline and back-office teams, Blue Cross delivered wonderful results in 2024 with multiple business lines outperforming the market, cementing our strong position in the general insurance industry. Moving forward, we remain confident in our growth trajectory. Staying true to our customer-centric philosophy, we will continue to enhance our products and services catered to the needs and pain points of customers, ensuring the right protection at the right time for the right budget.”

Notes:

  1. Source: Insurance Authority’s Provisional Statistics on General Business (direct business) from January to December 2024, excluding Mortgage Guarantee.
  2. Source: Insurance Authority’s Provisional Statistics on General Business (direct business) from January to December 2024, excluding Medical and Mortgage Guarantee.
  3. Source: Insurance Authority’s Provisional Statistics on General Business (direct business) from January to December 2024, non-medical part under Class of Business “Accident & Health”.

Disclaimers:

  • This press release is for distribution in Hong Kong Special Administrative Region only. The distribution of this press release is not and shall not be construed as an offer to sell or a solicitation to buy or a provision of any insurance product outside Hong Kong Special Administrative Region.
  • Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of AIA Group Limited. It is not affiliated with or related in any way to Blue Cross and Blue Shield Association or any of its affiliates or licensees.

Hashtag: #BlueCross

The issuer is solely responsible for the content of this announcement.

Blue Cross (Asia-Pacific) Insurance Limited

Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) is a subsidiary of AIA Group Limited. With over 50 years of operational experience in the insurance industry, Blue Cross provides a comprehensive range of products and services including medical, travel and general insurance, which cater to the needs of both individual and corporate customers. Blue Cross distributes its products through various channels, including AIA agency force, online platform, direct sales, BEA network, insurance agents and brokers, as well as travel agencies.

In 2024, Blue Cross is assigned financial strength rating of A+ (stable outlook) and issuer credit rating of A+ (stable outlook) by S&P Global Ratings.

QNB becomes the first bank in Middle East & Africa to open a branch in India’s GIFT City

DOHA, Qatar, May 7, 2025 /PRNewswire/ — QNB, the largest financial institution in the Middle East and Africa (MEA), has become the first bank from the MEA region to open a branch in GIFT City in Gujarat, India’s first international financial centre & special economic zone.

QNB becomes the first bank in Middle East & Africa to open a branch in India’s GIFT City
QNB becomes the first bank in Middle East & Africa to open a branch in India’s GIFT City

Commenting on the launch of the new branch, Mr. Abdullah Mubarak Al Khalifa, CEO of QNB Group, said: “India’s banking sector is poised for rapid growth on the strength of robust economic growth prospects, and banks have demonstrated strong operational performance along with improving asset quality. With the opening of the GIFT City branch, QNB is expanding its footprint at an opportune time when Indian corporates are seeking strong banking partners for supporting their growth plans. Combined with QNB’s global outreach and expertise, as well as its pioneering role in shaping the international financial landscape, India presents long term growth opportunities for wholesale banking.”

Mr. Ali Darwish, Senior Executive Vice President of International Business at QNB Group, said: “India is one of the world’s fastest growing large economies and on track to become a major global supply chain and manufacturing hub. India’s foreign exchange reserves exceed USD 650 Billion, ranking amongst the world’s largest. With the new branch in GIFT, QNB has enhanced its product suite with a multi-currency proposition.”

“The GIFT branch will strengthen QNB’s extensive regional & international network in 28 markets across 3 continents,” he added.

“QNB is expanding its presence in India & the new branch in GIFT offers a wide range of liability as well as credit focused products. The branch will support customers located onshore in India as well as offshore with their funding requirements in foreign currency,” said Mr. Gaurav Gupta, CEO of Qatar National Bank in India.

QNB established its first bank branch in India in 2017, which has grown rapidly to support international banking requirements of Indian corporate and institutional clients. QNB India is a Scheduled Commercial Bank providing full-fledged banking services across the country. QNB India focuses on credit solutions for structured trade & working capital financing as well as long tenor loans for bespoke end uses.

Contact: prteam@qnb.com 

Forrester Unveils Top 10 Emerging Technologies For 2025; AI Innovation Shifts From Experimentation To Business Imperative

Agentic AI represents the next frontier in automation, enabling systems to make decisions independently and with intent

SINGAPORE, May 7, 2025 /PRNewswire/ — As generative AI evolves into agentic AI, automation becomes more sophisticated, and emerging technologies shift to large-scale deployment, firms will no longer be experimenting with AI by the end of 2025 — they will be racing to keep up with AI’s acceleration. However, given ongoing geopolitical volatility, making the right technology investment decisions will be a key lever for business growth and competitive advantage. Forrester’s (Nasdaq: FORR) research, The Top 10 Emerging Technologies In 2025, highlights new technologies that empower leaders to drive AI-led innovation while ensuring long-term resilience.

The research categorizes the top 10 emerging technologies by their impacts over short-term, mid-term, and long-term benefits horizons to help enterprises and leaders prioritize their investments. An overview of the top findings is as follows:

Emerging technologies that will offer significant benefits to enterprises within the next two years by balancing AI acceleration with security needs include:

  • IoT security. As cyber threats increase, IoT security technologies will be critical to strengthening defenses for critical data and connected devices. Businesses with high technology integration will see the biggest benefits from IoT security.
  • Synthetic data. New to Forrester’s emerging technologies list this year, this technology enhances AI model training while improving trust and privacy. With regulators encouraging organizations to adopt synthetic data to minimize risk, industries including financial services, insurance, healthcare, and the public sector will benefit the most.

Mid-term emerging technologies that will deliver benefits to enterprises in the next two to five years given their real-world complexity include:

  • Agentic AI. The immediate potential of this technology is increased flexibility and adaptability to automate specific business processes. Although early examples of AI agents are promising and offer autonomous decision-making, this technology still requires stronger accuracy, trust, and coordination to become mainstream.
  • GenAI for visual content. This technology is changing the way companies create and deploy photorealistic images, videos, and motion graphics. GenAI for visual content is poised to make the biggest impact in marketing, advertising, retail, and e-commerce sectors, delivering immersive and personalized preferences, and boosting consumer satisfaction.

The emerging technology that will take at least five more years to deliver tangible value for enterprises:

  • Humanoid robots. This is the first year that this emerging technology has appeared on the list. GenAI’s rapid advancement and decreasing hardware costs are driving the advancement of humanoid robots — autonomous robots that resemble humans in appearance and functionality and are equipped with advanced sensors, AI, and actuators to perform tasks. However, challenges including high research and development costs, and complexities surrounding robot integration into existing workflows and infrastructure will hinder their widespread adoption.

“As AI becomes ubiquitous, business and technology leaders should prioritize investments that will deliver the greatest impact for their organizations in terms of driving business growth, innovation, and competitive advantage,” said Sharyn Leaver, chief research officer at Forrester. “Despite global uncertainty, AI’s rapid acceleration will continue. Enterprises that strategically balance AI innovation with risk mitigation will be ones that successfully thrive and achieve sustainable growth.”

Resources:

  • Register for a complimentary webinar to learn about Forrester’s 10 top emerging technologies for 2025 and how these innovations apply across industries.
  • Register to attend Forrester’s 2025 Technology & Innovation Summits in Asia Pacific, EMEA, and North America.

About Forrester 
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We empower leaders in technology, customer experience, digital, marketing, sales, and product functions to be bold at work and accelerate growth through customer obsession. Our unique research and continuous guidance model helps executives and their teams achieve their initiatives and outcomes faster and with confidence. To learn more, visit Forrester.com.

Rockefeller Foundation Announces Latest Steps to Accelerate Community-Focused Energy Transition Projects during Ecosperity Week

  • Collaboration between ACEN Corporation, GenZero , Keppel, and Mitsubishi for pilot project in the Philippines 
  • Approval of a methodology by Verra that will accelerate the world’s first transition credits
  • Scaling up support for 60 plant transitions could unlock US$110 billion in public and private investment, prevent 9,900 early deaths annually, and generate 29,000 permanent jobs  

SINGAPORE, May 7, 2025 /PRNewswire/ — The Rockefeller Foundation announced its latest efforts to accelerate access to clean, affordable energy in vulnerable communities living near coal-fired power plants in developing countries, as part of its Coal to Clean Credit Initiative (CCCI). During Ecosperity Week in Singapore, the Foundation’s partner ACEN Corporation, announced a new collaboration with GenZero, Keppel, and Mitsubishi Corporation and its subsidiary, Diamond Generating Asia, Limited, to advance the first CCCI pilot in the Philippines, while Verra, a nonprofit certification body that issues Verified Carbon Units (VCUs) for carbon reduction, officially approved the CCCI’s methodology, the first of its kind. In addition, new analysis from The Rockefeller Foundation shows that supporting 60 projects by 2030 could unlock US$110 billion in public and private investment while preventing 9,900 early deaths and 640,000 lost workdays annually and generating 29,000 new permanent jobs. 

Ashvin Dayal, Senior Vice President, Power and Climate at The Rockefeller Foundation, said: “Energy access and abundance define people’s, community’s, and country’s futures.  With electricity demand increasing around the world, The Foundation has been looking for ways to work with communities and countries as they make the best energy choices for their people.  As more and more countries and communities choose to transition to clean energy sources, philanthropy has a unique role to play—we can take risks where others cannot and catalyze momentum needed. The projects announced this week will do just that, offering real benefits for people living and working in these communities.” 

Increasing access to clean energy technologies, which are now cheaper than coal power in most markets, improves the affordability of energy for households, communities, businesses, and governments, according to a recent report from the International Energy Agency. When paired with energy storage and smart grid technologies, renewables also deliver energy reliability and decrease dependence on volatile fossil fuel markets. In addition, studies have shown major public health gains from reduced air pollution from coal-fired plants, which is particularly significant for vulnerable populations such as children, the elderly, and those with pre-existing respiratory or cardiovascular conditions.

This Work in Action:
CCCI aims to unlock market demand for transition credits while addressing the needs of vulnerable communities, creating new jobs, expanding access to affordable energy, driving economic growth opportunities, and improving public health, alongside enhancing climate resilience. Since 2022, The Rockefeller Foundation has invested over $10 million to identify eligible communities, build an ecosystem around transition credits for high integrity, and support pre-feasibility assessments. 

In 2023, The Rockefeller Foundation announced a new collaboration with ACEN Corporation, the listed energy platform of the Ayala Group, to explore leveraging carbon finance to replace its 246 MW South Luzon Thermal Energy Corporation (SLTEC) coal plant in the Philippines with clean power and battery storage, while supporting the livelihoods of workers affected by the plant’s early transition. Fully replacing SLTEC with the same level of firm, reliable power can be achieved with 1000 megawatt (MW) of solar, 250 MW of wind, and 1000 MW of battery energy storage. ACEN, whose SLTEC plant was already scheduled for early retirement in 2040, is working to move this up to 2030 by leveraging CCCI’s methodology.

The Rockefeller Foundation currently has a portfolio of potential projects in several geographies across the Asia-Pacific region, with an overarching goal of supporting 60 asset owners with similar transitions by 2030.

Announced during Ecosperity Week 2025

  • Investing in energy abundance solutions.
    The Rockefeller Foundation shared for the first time their initial estimates, undertaken by Catalyst Advisors, that support for 60 projects could help unlock US$110 billion in public and private investment, create US$21 billion in economic spillover, and generate approximately 29,000 net permanent jobs. These projects could also prevent 9,900 early deaths and 640,000 lost workdays a year and save consumers in emerging economies up to US$8.3 billion annually in power costs.

    The Rockefeller Foundation also announced a US$600,000 grant to the Integrity Council for the Voluntary Carbon Market (ICVCM Limited) to support a Continuous Improvement Program on transition credits, which will develop a high-integrity threshold for this new asset class. This funding will also help ensure that the needs and rights of Indigenous Peoples and local communities are taken into account when designing and implementing these markets.

    “Today’s progress update demonstrates that we are closer than ever to unlocking new benefits to people with credits that will help communities transition to clean, affordable energy. We are now focused on scaling this initiative and bringing dozens of such transactions to the market by 2030.”
     ―  Dr. Joseph Curtin, Managing Director for Power and Climate at The Rockefeller Foundation

  • Exploring a new partnership to advance the first pilot.
    Located in a region with the second highest unemployment rate in the Philippines, ACEN’s SLTEC is located in the City of Batangas, where the population density is 31% higher than the national average and where by 2030 over 726,000 people live within a 20-kilometer radius of the plant. Leveraging the CCCI’s methodology, ACEN is teaming up with GenZero, Keppel Ltd., and Mitsubishi Corporation and its subsidiary, Diamond Generating Asia, Limited, to explore a collaboration that would facilitate the early retirement of the SLTEC plant and replace it with clean and reliable energy.

    “This partnership represents a milestone in our collective efforts to address the enormous challenges of the energy transition. By pioneering the Transition Credits mechanism, we are demonstrating a viable pathway for coal-dependent economies to transition sustainably. We hope this will serve as a catalyst for other coal plant owners to embark on their clean energy journey.”
    ― Eric Francia, President and CEO of ACEN Corporation 
  • Approval of the CCCI’s methodology.
    Verra, the leading global carbon crediting standard, officially approved the CCCI’s methodology, marking a significant milestone in the development of high-integrity transition credits. This approval paves the way for the first projects to generate high-integrity transition credits – with clear protections in place – from local job creation to energy access and essential social safeguards – to supports workers and communities affected by early coal plant closures.

    “We need to rethink the very systems that are hurting people and the planet. Our new methodology empowers energy providers to make that shift in a way that doesn’t leave workers or communities behind and doesn’t inadvertently exacerbate energy poverty.”
    ― Mandy Rambharos, CEO of Verra

About The Rockefeller Foundation  

The Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation that enable individuals, families, and communities to flourish. We make big bets to promote the well-being of humanity. Today, we are focused on advancing human opportunity and reversing the climate crisis by transforming systems in food, health, energy, and finance. For more information, sign up for our newsletter at www.rockefellerfoundation.org/subscribe and follow us on X @RockefellerFdn and LinkedIn @the-rockefeller-foundation

DFI Retail Group and Dingdong Announce Strategic Partnership With first-year sales target of HKD100 million


HONG KONG SAR – Media OutReach Newswire – 7 May 2025 – DFI Retail Group (DFI or the Group), and Dingdong (Cayman) Limited (Dingdong or DDL), a leading fresh food e-commerce platform in the mainland, recently announced their partnership to their supply chains and retail networks. Together, they aim to build a digitalised cross-border supply chain system. Through DFI’s Wellcome supermarkets, they will provide Hong Kong customers a diverse selection of quality products at competitive price, targeting sales of HKD 100 million in the first year of its launch. The first phase began on 9 April 2025, six selected Dingdong vegetables have already been made available in nearly 280 Wellcome stores, as well as Wellcome’s Online Shop (www.wellcome.com.hk) and food delivery platform foodpanda. The sales will gradually be expanded to other upscale supermarket brands, such as Market Place and 3hreesixty.

Curtis Liu, Chief Executive Officer, Food, at DFI Retail Group (Left) and Changlin Liang, Founder and Chief Executive Officer of Dingdong (Right) attended the signing ceremony to announce the strategic partnership.
Curtis Liu, Chief Executive Officer, Food, at DFI Retail Group (Left) and Changlin Liang, Founder and Chief Executive Officer of Dingdong (Right) attended the signing ceremony to announce the strategic partnership.

Enhancing Cross-Border Supply Chain. Faster and Fresher Food from Mainland to Hong Kong

Hong Kong’s fresh food market has long relied on imports, often facing price fluctuations of over 50% for leafy vegetables due to unstable weather. This collaboration allows DFI to leverage Wellcome’s network of nearly 280 stores across Hong Kong while DDL utilises its nationwide sourcing and efficient transportation methods. This partnership aims to streamline the supply of fresh produce “from farm to table.”

The two parties plan to jointly build a digitalised cross-border supply chain and integrate their data. An AI prediction system will dynamically help adjust the inventory across DFI’s supermarkets to reduce / minimise out-of-stock rates. For example, the system can anticipate fluctuations in demand for leafy vegetables based on weather changes and holidays in Hong Kong, ensuring accurate supply. This digitalised supply chain, from upstream planting to downstream retail, improves the efficiency of the fresh food supply chain.

In addition, to ensure quality, DFI and DDL plan to adopt “one product, one code” traceability technology for vegetables supplied to Hong Kong. Customers can scan a code after purchasing DDL products at DFI’s supermarkets to access planting records, inspection reports, and transportation routes, achieving full transparency.

Curtis Liu, Chief Executive Officer, Food, at DFI Retail Group, said, “This partnership with DDL, is to fully leverage the core strengths of both parties to jointly build an efficient digitalised cross-border supply chain. It enhances the quality and cost-effectiveness of fresh produce for our customers, creating a win-win situation. We believe this innovative model will significantly improve supply chain efficiency, ensuring that every customer can enjoy fresh, high-quality products.”

Yang Shaoming, Vice President of DDL, said, “This collaboration integrates DDL’s supply chain capabilities with Hong Kong’s retail network. We will utilise our direct sourcing and digitalised supply chain to efficiently deliver high quality, safe fresh food to Hong Kong, enriching local shopping options, and making choices more affordable.”

DDL expands across Hong Kong with various vegetables available in nearly 280 Wellcome stores

The initial six types of vegetables available this time – Chinese Lettuce, Indian Lettuce, Choy Sum, Baby Bok Choy, Chaozhou Mustard Greens, and Spring Greens – are all selected from DDL’s direct supply bases in mainland. The products meet both mainland and Hong Kong safety standards, ensuring quality and safety control at every stage from farm to shelf. The fresh vegetables are pre-cooled and freshness-locked within 2 hours after harvesting and transported in temperature-controlled trucks. Before arriving at the stores, they undergo a second manual sorting process, with strict control over quality and weight to ensure the freshness of shelf products. Within a month of launch, total sales exceeded 100,000 kilograms.

These selected vegetables are available in nearly 280 Wellcome stores and on Wellcome’s Online Shop and foodpanda. The partnership plans to add regular categories such as bitter melon, okra, and green beans in 2025, along with vegetables popular on Chinese social media platforms and other regional specialties. This will give Hong Kong customers to enjoy a taste of seasonal specialties like Hubei Hongshan Cabbage in winter, Yunnan wild mushrooms and purple lettuce in spring, and Shandong cucumbers and Yunnan corn in summer. Notably, Yunnan’s edible Banlangen and Red Little Spinach will be available in Hong Kong for the first time, meeting customers’ diverse tastes and nutritional needs. Additionally, fruits, as well as soy products, ready-to-eat meals, snacks, and alcoholic beverages will be introduced, with over 150 products expected by the end of the year.

These products will cover all 18 districts of Hong Kong through Wellcome stores, Wellcome Online Shop, and foodpanda, achieving omni-channel availability and allowing customers to enjoy seasonal fresh vegetables from across the country. The two parties will actively explore expanding the cooperation to DFI’s supermarkets in Macao and Cambodia, benefiting more customers in these regions.

Hashtag: #DFI #DFIRetailGroup #Wellcome #MarketPlace #DDL #StrategicPartnership


The issuer is solely responsible for the content of this announcement.

DFI Retail Group

DFI Retail Group (the ‘Group’) is a leading Asian retailer, driven by its purpose to “Sustainably Serve Asia for Generations with Everyday Moments”. As at 31 Dec 2024, the Group, its associates and joint ventures operated over 10,700 outlets, and employed over 190,000 people. The Group is dedicated to delivering quality, value and service to Asian consumers through a compelling retail experience, supported by an extensive store network and highly efficient supply chains. The Group, including associates and joint ventures, operates a portfolio of well-known brands across six key divisions: health and beauty, convenience, food, home furnishings, restaurants and other retailing.

About Wellcome, Market Place

Established in 1945, Wellcome is Hong Kong’s longest established supermarket chain with the largest store network. Since 1964, the company has been wholly owned by DFI Retail Group. Together with Market Place, 3hreesixty and Oliver’s, Wellcome operates a network of over 320 stores serving more than 14 million customers every month.

With the mission of ‘Always Fresh, Always Value and Always Here for You’, we take pride and passion in providing a quality range of fresh and grocery products, great value and an exciting shopping experience to help our customers save more and enjoy more. As a market-leading supermarket, Wellcome constantly innovates to serve our communities better. In 2021, it introduced a new format, Wellcome Fresh, which offers great value and high-quality fresh produce in an environment that combines the atmosphere of a wet market with the convenience of a supermarket. More recently, it has accelerated its e-Commerce development, enhancing the omnichannel customer journey by offering a more convenient, flexible and personalised grocery shopping experience.

For more information about Wellcome, please visit .

Market Place offers Hong Kong people a unique and contemporary Western store environment, customised product range, knowledgeable staff and attractive prices. Customer satisfaction is at the core of our business. We are here to fulfil the needs and wants of local customers. We present our customers with a higher quality international food store, offering the finest and widest range of local, regional and international tastes. Combining the energy and vibe of a true marketplace, Market Place brings a modern environment and vibe to everyday grocery shopping.

About DDL

Founded in May 2017, DDL is an entrepreneurial company focused on good food. DDL focuses on the business of “food” and strives to satisfy more people’s “what they want to eat”. Through the supply of good ingredients, the development of good flavors, and the incubation of food brands, DDL constantly provides people with solutions for a better life, and strives to make more people eat freshly, save money, eat richly, and eat healthily. With better culinary experience, we create deliciousness and happiness for families.

Bybit x Block Scholes: BTC Volatility Hits New Lows

DUBAI, UAE, May 7, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest weekly crypto derivatives analytics report in partnership with Block Scholes. The latest edition highlights a six-day streak of gains in risk-on assets, driven by encouraging signals around potential US trade deals. The report provides in-depth analysis of macroeconomic indicators, spot market activity, and derivative trends across futures, perpetual contracts, and options. It reflects a market lifted by renewed confidence, yet still navigating recent volatility and heightened risk awareness.

Key highlights:

Perp at Multi-Month High; Traders Remain Cautious

Sources: Bybit, Block Scholes
Sources: Bybit, Block Scholes

After surging from $75,000 to over $95,000 in early April, Bitcoin has been trading sideways near $94,000 this week. Open interest has remained steady for April, hovering near all-time highs at $8 billion, while daily trade volumes have declined to $10 billion. Lower volumes have coincided with reduced realized volatility. Perpetual futures positioning suggests that traders are holding off on major bets, potentially awaiting the next breakout while remaining wary of recent sell-offs.

Bitcoin Volatility Drops to 18-Month Low

Bitcoin’s volatility has declined toward a key support zone between 35% and 40%—a range from which it has repeatedly rebounded over the past 18 months. Implied volatility has followed suit, dipping in line with a 10-point drop in realized volatility to just above 30%, the lower bound of its 18-month range. Options flows currently show a preference for puts, while the spot price remains stable. The volatility smile skews toward out-of-the-money (OTM) calls for longer-dated options, whereas short-dated options are close to neutral.

BTC Volatility Smile Tilts Toward OTM Calls

Bitcoin’s volatility smile now favors out-of-the-money (OTM) calls across all tenors, marking a reversal from the put-heavy skew seen earlier in April. Ether shows a similar short-term recovery, although longer-dated skew for ETH remains modestly bearish. Despite positive funding rates for ETH, longer-dated option smiles still lean toward puts, indicating mixed sentiment. In contrast, BTC derivatives markets reflect stronger bullish signals, including positive funding rate spikes, upward-sloping futures curves, and a renewed skew toward OTM calls.

Access the full report

The full report is available here.

#Bybit / #TheCryptoArk /#BybitResearch

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

Crypto News Australia Partners with Protocol Theory to Bring Insights to the Australian web3 Community

MELBOURNE, Australia, May 7, 2025 /PRNewswire/ — Protocol Theory, the world’s leading consumer research and data company dedicated to Web3, today announced a strategic partnership with blockchain news platform with Crypto News Australia.

This partnership enables Crypto News Australia’s audience to earn rewards by participating in surveys through ProtocolPanel™—Protocol Theory’s proprietary, human-verified research community. Readers will be invited to share their views on crypto platforms, digital assets, wallets, Web3 apps, and more—while earning real rewards for their opinions.

Jonathan Inglis, Managing Director of Protocol Theory, said:
“Crypto News Australia has built an engaged, crypto-savvy audience that’s actively shaping the future of digital assets in Australia. By connecting this community with ProtocolPanel, we’re creating a win-win: everyday crypto users get rewarded for their voice, and the broader industry gets access to the authentic insights it desperately needs to improve products, experiences, and trust.”

This partnership is designed to:

  • Empower crypto users to shape the industry by sharing their opinions, experiences, and preferences.
  • Enable Web3 brands to access real-world insights from Australian crypto users and crypto-curious consumers.
  • Support high-quality research by ensuring all participants are real, human-verified individuals from ProtocolPanel.
  • Offer rewards and perks for participating in surveys—turning opinions into tangible value.

Whether it’s evaluating crypto brand perceptions, testing demand for new Web3 product features, or optimising user onboarding journeys, this collaboration gives Web3 businesses unprecedented access to Australia’s crypto community—while giving users a new way to earn by simply sharing their opinion.

About Protocol Theory
Protocol Theory is the world’s leading consumer insight and strategy company for Web3, AI, and the technologies reshaping culture and commerce. Trusted by brands like MoonPay, CoinDesk, and Tangem, we turn consumer understanding into competitive advantage. Learn more at www.protocoltheory.com.

About Crypto News Australia
Crypto News Australia is one of the country’s most visited platforms for crypto news, education and analysis.Visit cryptonews.com.au to learn more.