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NaaS Technology Inc. Announces Plan to Implement ADS Ratio Change

BEIJING, April 24, 2025 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S.-listed EV charging service company in China, today announced that that it will change the ratio of its American Depositary Shares (the “ADSs”) to its Class A ordinary shares (the “ADS Ratio”), par value US$0.01 per share, from the current ADS Ratio of one ADS to 200 Class A ordinary shares to a new ADS Ratio of one ADS to 800 Class A ordinary shares. The change in the ADS Ratio will become effective on April 28, 2025 (U.S. Eastern Time) (“Effective Date”).

For the Company’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-four reverse ADS split. Each ADS holder of record at the close of business on the Effective Date will be required to surrender and exchange every 4 existing ADSs then held for one new ADS. JPMorgan Chase Bank, N.A., as the depositary bank for the Company’s ADS program, will arrange for the exchange of the current ADSs for the new ones.  The Company’s ADSs will continue to be traded on the Nasdaq Stock Market under the symbol “NaaS.”

No fractional new ADSs will be issued in connection with the change in the ADS Ratio.  Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the depositary bank.  The change in the ADS Ratio will have no impact on the Company’s underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the change in the ADS Ratio.

As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be proportionally equal to or greater than 4 times the ADS trading price before the change.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update 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 its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS’ goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China’s EV charging industry and EV charging service industry and NaaS’ future business development; demand for and market acceptance of NaaS’ products and services; NaaS’ ability to protect and enforce its intellectual property rights; NaaS’ ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS’ operation, fluctuations of the RMB exchange rate, and NaaS’ ability to obtain adequate financing for its planned capital expenditure requirements; NaaS’ relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS’ filings with the SEC.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com 

Media inquiries:
E-mail: pr@enaas.com 

Sengkang General Hospital Introduces Siemens Healthineers Photon-Counting CT Scanner to Advance Diagnostic Capabilities

  • New photon-counting CT scanner aims to enhance diagnostic imaging capabilities for SKH.
  • Advanced technology provides clearer images with lower radiation dose, improving diagnostic precision and patient safety.

SINGAPORE, April 24, 2025 /PRNewswire/ — Sengkang General Hospital (SKH) officially launched a new Siemens Healthineers photon-counting computed tomography (CT) scanner today, strengthening its imaging capabilities to enhance diagnostic precision and confidence for better patient care. This next generation technology delivers highly detailed submillimetre images with improved contrast using less radiation compared to conventional CT scanners.

Key representatives from Sengkang General Hospital, SingHealth and Siemens Healthineers.
Key representatives from Sengkang General Hospital, SingHealth and Siemens Healthineers.

How it works

The Siemens Healthineers NAEOTOM Alpha is a Dual-Source Photon-Counting Computed Tomography (PCCT) system that uses advanced photon-counting detector technology. Unlike traditional CT scanners, which convert X-rays into visible light before creating images, this new system directly converts X-ray photons into digital signals with lower radiation.

What this means for patient care

This means safer scans for patients, along with sharper imaging that helps doctors detect and better understand complex conditions. From heart and brain vessel enhancement to delicate internal ear evaluation, this technology opens new possibilities in precision diagnostics and patient care.

Professor Teo Eng Kiong, Chief Executive Officer, SKH shares, “This advanced imaging system demonstrates our commitment to provide value-based care – enhancing care while optimising resources – for our patients. Delivering clearer images with lower radiation, the photon-counting CT scanner helps to improve both the effectiveness and efficiency of care through early disease detection and intervention. With over 1,800 successful cases since November 2024, we are seeing how this technology helps us build a more resilient healthcare system that serves our patients’ needs today and tomorrow.”

Supporting healthcare professionals in decision-making

“We are delighted to witness the launch of our NAEOTOM Alpha Photon-Counting CT scanner at SKH— marking a significant milestone as the first of its kind installation in a public healthcare setting in Southeast Asia,” says Ms Siow Ai Li, Managing Director, Siemens Healthineers Singapore and Malaysia. “With this next generation Photon-counting CT technology, we aim to empower clinicians and radiologists with sharper insights that elevate diagnostic precision and treatment across various clinical disciplines, such as cardiology, pulmonology, and oncology. This milestone reflects our ongoing commitment to shaping the future of healthcare and improving outcomes of patients in Singapore“.

Key clinical benefits include:

  • Clearer images of heart vessels and blood vessels in the brain
  • Better views of delicate structures like the inner ear
  • Earlier detection of lung nodules and diseases
  • Clearer imaging around metal implants
  • Lower radiation exposure, especially beneficial for patients needing frequent scans or those sensitive to radiation

“The high image quality helps us detect diseases earlier, more accurately and with greater confidence. We can now detect even small fractures or early signs of bone disease, enabling earlier treatment and better outcomes,” explains Dr Mohammad Taufik Bin Mohamed Shah, Senior Consultant, Department of Radiology, SKH, who specialises in musculoskeletal imaging.

This press release and a press picture is available at

https://www.siemens-healthineers.com/en-sg/press-room/press-releases-sg/skh-introduces-pcct-scanner

The product/features mentioned in this press release is/are not commercially available in all countries. Due to regulatory reasons their future availability cannot be guaranteed. Please contact your local Siemens organization for further details. The product and features mentioned in this press release are meant for healthcare professionals only.

Contact for media enquiries, please get in touch with:

Siemens Healthineers

Jo’an Chng
Head of Marketing, Sales Operations and Communications
Phone: +65 8328 1015; E-mail: jo-an.chng@siemens-healthineers.com 

Sengkang General Hospital

Geraldine Lee
Manager, Communications, Sengkang General Hospital
Phone : 6930 3159 ; 9060 8304 ; Email : Geraldine.lee.s.k@skh.com.sg 

Farah Rahman
Senior Executive, Communications, SKH
Phone : 6930 4475 ; 9686 7159 ; Email : Farahliyana.Rahman@skh.com.sg

Siemens Healthineers pioneers breakthroughs in healthcare. For everyone. Everywhere. Sustainably. The company is a global provider of healthcare equipment, solutions and services, with activities in more than 180 countries and direct representation in more than 70. The group comprises Siemens Healthineers AG, listed as SHL in Frankfurt, Germany, and its subsidiaries. As a leading medical technology company, Siemens Healthineers is committed to improving access to healthcare for underserved communities worldwide and is striving to overcome the most threatening diseases. The company is principally active in the areas of imaging, diagnostics, cancer care and minimally invasive therapies, augmented by digital technology and artificial intelligence. In fiscal 2024, which ended on September 30, 2024, Siemens Healthineers had approximately 72,000 employees worldwide and generated revenue of around €22.4 billion. Further information is available at www.siemens-healthineers.com.

Sengkang General Hospital (SKH) plays a vital role in providing quality and accessible care to better serve the healthcare needs in North-Eastern Singapore. Offering a wide spectrum of specialist clinics and co-located with Sengkang Community Hospital, we are a part of the integrated hospital campus delivering multi-disciplinary and patient-centric care covering all major healthcare disciplines. Reflecting on our mission of achieving better health together, SKH’s team of doctors, nurses, and allied health professionals practise multi-disciplinary and team-based care. Patients who need longer-term rehabilitative care can be seamlessly transferred from the general hospital to the community hospital to receive the appropriate care during their recovery. We also work together with polyclinics, general practitioners, and other healthcare providers to ensure timely and appropriate access to specialist care for acute and complex cases.

Enabling residents in the northeast access to national specialty services nearer their homes, SKH has collaborated with KK Women’s and Children’s Hospital, National Cancer Centre Singapore, National Dental Centre Singapore, National Heart Centre Singapore, and Singapore National Eye Centre, to set up satellite clinics within the hospital’s Medical Centre. For more information, visit www.skh.com.sg

 

 

Yunji Files 2024 Annual Report on Form 20-F

HANGZHOU, China, April 24, 2025 /PRNewswire/ — Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 24, 2025 Eastern Time. The annual report can be accessed on the Company’s investor relations website at https://investor.yunjiglobal.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to Yunji.IR@icrinc.com.

About Yunji Inc.

Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company’s e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.

For more information, please visit https://investor.yunjiglobal.com/ 

Investor Relations Contact
Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

ICR, LLC
Robin Yang
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

PSAG Technologies Accelerates Innovation and Global Growth Under the Visionary Leadership of Sachin Nagi

Sachin Nagi, CEO of PSAG Technologies, leads the next phase of strategic growth and innovation for PSAG

MELBOURNE, Australia, April 24, 2025 /PRNewswire/ — PSAG Technologies, under the strategic and visionary leadership of its Founder and Managing Director Sachin Nagi — now appointed as Founder and Chief Executive Officer (CEO) — continues to accelerate its aggressive trajectory of growth and innovation and international expansion. Since its inception in 2016, PSAG has evolved into a global force within the Salesforce ecosystem, driven by Nagi’s bold investments and customer-first philosophy.

Sachin Nagi, Founder and CEO, PSAG Technologies and SOLFI
Sachin Nagi, Founder and CEO, PSAG Technologies and SOLFI

Expansion into EMEA and the Rise of Dubai as a Strategic Hub

With a deep belief in scaling through innovation and strategic investment, Nagi has accelerated PSAG’s footprint beyond Australia into India, the USA, the UK, and most recently, a robust expansion into Dubai and the broader EMEA region, including Qatar, Oman, and Saudi Arabia. The establishment of a regional base in Dubai marks a pivotal step toward deeper engagement in the Middle East—one of the fastest-growing markets for digital transformation.

“Our vision is clear—to be at the forefront of digital innovation and ensure our clients are future-ready. That means investing in great talent, high-impact products, and new markets,” said Nagi. “Dubai is just the beginning for us in EMEA.”

Accelerating Salesforce Integration with SOLFI

Nagi’s leadership is marked by his proactive approach to global partnerships and product-led growth. PSAG’s flagship platform, SOLFI, available on Salesforce AppExchange, is purpose-built to enable Salesforce integration with any third-party applications with zero development effort. By eliminating the need for custom code or middleware, SOLFI delivers 80x faster integration without the complexity, helping enterprises accelerate time-to-value on their Salesforce investments

Strengthening Global Presence through Sponsorships

The company’s growing influence was recently spotlighted at the Sydney World Tour 2025, where PSAG was a key participant, followed by their role as a Gold Sponsor at a leading Salesforce ecosystem event.

PSAG is also thrilled to be a sponsor for an upcoming Salesforce event, reinforcing its commitment to engaging actively with the global Salesforce community and ecosystem.

Looking to the future, Nagi is doubling down on innovation, AI, team development, and entering new geographies, signalling a new era of hyper-growth for PSAG Technologies.

About PSAG Technologies

PSAG Technologies (https://psagtechnologies.com/) is a trusted Salesforce consulting and technology company providing cloud-based solutions and services to clients worldwide. Founded in 2016 and headquartered in Melbourne, Australia – with offices in India, the USA, UK, Australia, and EMEA, Dubai – PSAG specializes in Salesforce CRM implementations, customizations, and integration solutions. The company’s offerings include its flagship product SOLFI, a no-code integration platform available on the Salesforce AppExchange, alongside a wide range of consulting services that help organizations drive digital transformation and business growth.

CONTACT:

Ginni Soni, Managing Director
Phone Number: +61 451 400 099
Email id: contact@psagtechnologies.com 

Pudu Robotics and Deloitte Release White Paper on “Open Full-Stack Intelligent Service Robot Ecosystem”

SHENZHEN, China, April 24, 2025 /PRNewswire/ — Pudu Robotics, a global leader in service robotics, has partnered with Deloitte to unveil a pioneering white paper titled “Open Full-Stack Intelligent Service Robot Ecosystem.” This report is the first of its kind to focus on the development of the service robot ecosystem. It offers a systematic analysis of industry trends, outlines a roadmap for building an open full-stack ecosystem, and presents guidelines for ESG (Environmental, Social, and Governance) practices in the service robotics sector, providing direction for the industry’s next phase.

Pudu Robotics and Deloitte Release White Paper on "Open Full-Stack Intelligent Service Robot Ecosystem"
Pudu Robotics and Deloitte Release White Paper on “Open Full-Stack Intelligent Service Robot Ecosystem”

The global service robot market is on the cusp of explosive growth. According to the white paper, the market is projected to reach $40 billion by 2025 and soar to $195 billion by 2035, with a compound annual growth rate (CAGR) of 17.1%. Factors such as technological innovation, supportive policies, industrial transformation, and demographic shifts are driving robust demand in the industry. As one of the first commercialized segments, commercial service robots exhibit enormous potential and are now entering the “second half” of industry development.

After achieving initial commercialization over the past decade, the focus now shifts to ecosystem development, integrating diverse product portfolios, multi-technology stacks (mobility, manipulation, and interaction), and varied robot forms (specialized, semi-humanoid, and humanoid) to transition from single-function robots to full-stack intelligent systems.

In response to increasingly complex market demands, diverse application scenarios, and the dawn of the industry’s second half, Pudu Robotics has taken a global lead in proposing an open full-stack intelligent service robot ecosystem. This initiative aims to foster widespread robot adoption and collaboration, creating a seamless, universal service robot ecosystem that advances toward general embodied intelligence and large-scale commercialization. Citing Frost & Sullivan data, the report highlights Pudu Robotics’ dominance, commanding a 23% share of the global commercial service robot market in 2023, underscoring its competitive strength and influence in the commercial service robot sector.

Felix Zhang, founder and CEO of Pudu Robotics, stated, “The essence of building an open full-stack intelligent service robot ecosystem is to be customer-centric and address the actual needs and pain points of our clients. We will continue to strengthen our diverse product portfolio, enhance embodied intelligence across multiple technological stacks, and development of specialized, semi-humanoid, and humanoid robot forms to drive ecosystem building in the second half of the commercial service robot industry. With innovative service robot technology, we aim to expand the large-scale commercial application of robots globally, benefiting various industries and individuals.”

Lydia Chen, Deloitte China Research Leader, commented, “As a cutting-edge technology sector, service robotics is poised for unprecedented growth. Leading companies are building comprehensive product portfolios and advancing multi-technology stacks to meet diverse market and user demands. The integration of advanced technologies, such as artificial intelligence, is accelerating the evolution of service robots toward embodied intelligence. Looking ahead, service robots will empower countless industries, serving as a bridge to a smarter future for humanity.”

This ecosystem vision relies on strategies encompassing diverse product portfolios, advanced technology stacks, and multiple robot forms. The Robot-to-everything technical architecture proposed by Pudu in 2024 serves as the cornerstone for this ecosystem, breaking down industry barriers and lowering deployment thresholds. The white paper emphasizes that humanoid robots are not the only ultimate form, specialized, semi-humanoid, and humanoid robots can each be adapted to different scenarios. The white paper estimates that by 2050, global shipments of humanoid and semi-humanoid robots will reach 10 billion and 12.5 billion units, respectively, while demand for service robotic arms will surpass 45 billion units. Moreover, semi-humanoid robots could save approximately $1.8 billion annually in elevator control deployment costs.

The white paper particularly highlights the importance of sustainable development, proposing three key ESG practice directions: green supply chains, global compliance certifications, and information security protection. Data indicate that Pudu’s robotic solutions have been implemented in ten major industries worldwide, achieving an average annual carbon reduction of 50,000 tons, equivalent to the creation of 2,700 hectares of forest. As technology evolves, service robots will become a cornerstone of ESG strategies, fostering a virtuous cycle of technology-driven sustainability.

By building an open full-stack intelligent ecosystem, service robots will transcend scenario limitations, enabling broader commercial applications in sectors such as healthcare, eldercare, and industrial operations, providing an innovative engine for the intelligent transformation of global industries.

To explore the full insights and findings of the white paper, please click: https://www2.deloitte.com/cn/en/pages/energy-and-resources/articles/open-full-stack-intelligent-service-robot-ecosystem.html

About Pudu Robotics
Pudu Robotics, a global leader in the service robotics sector, is dedicated to enhancing human productivity and living standards through innovative robot technology. With a focus on R&D, manufacturing, and sales of service robots, Pudu Robotics holds over a thousand authorized patents worldwide, encompassing a wide range of core technologies. The company’s robots have been widely adopted in various industries, including dining, retail, hospitality, healthcare, entertainment, education and manufacturing. To date, Pudu Robotics has successfully shipped over 90,000 units to a variety of markets, with a presence in more than 60 countries and regions worldwide. For more information on business developments and updates, follow PUDU on LinkedIn, Facebook, YouTube, Twitter and Instagram.

About Deloitte
Deloitte China provides integrated professional services, with our long-term commitment to be a leading contributor to China’s reform, opening-up and economic development. Deloitte China is a globally connected firm with deep roots locally, owned by their partners in China. With over 20,000 professionals across 31 Chinese cities, they provide clients with a one-stop shop offering world-leading audit, tax and consulting services.

The Deloitte brand originated in 1845, and its name in Chinese (德勤) denotes integrity, diligence and excellence. Deloitte’s global professional network of member firms now spans more than 150 countries and territories. Through their mission to make an impact that matters, they help reinforce public trust in capital markets, enable clients to transform and thrive, empower talents to be future-ready, and lead the way toward a stronger economy, a more equitable society and a sustainable world.

 

Prince Holding Group Wins Silver Stevie for Chen Zhi Scholarship, Advancing Educational Access in Cambodia


PHNOM PENH, CAMBODIA – Media OutReach Newswire – 24 April 2025 – Prince Holding Group has received a Silver Stevie® Award in the Innovative Achievement in Corporate Social Responsibility category at the 2025 Asia-Pacific Stevie Awards, recognizing its efforts to expand educational opportunities in a country where fewer than one in five young people pursue higher education.

Prince Holding Group wins the Silver Stevie® Award in the Innovative Achievement in Corporate Social Responsibility category at the 2025 Asia-Pacific Stevie Awards for its Chen Zhi Scholarship Program, which provides comprehensive educational support to Cambodian students.
Prince Holding Group wins the Silver Stevie® Award in the Innovative Achievement in Corporate Social Responsibility category at the 2025 Asia-Pacific Stevie Awards for its Chen Zhi Scholarship Program, which provides comprehensive educational support to Cambodian students.

The Chen Zhi Scholarship Program, now in its fourth year, represents a seven-year, $2 million commitment championed by Neak Oknha Chen Zhi, chairman of Prince Holding Group. The initiative addresses a critical gap in Cambodia’s educational infrastructure, where only 17.9 percent of youth access tertiary education.

This is the second consecutive year Prince Holding Group has been recognized in this category, underscoring the program’s growing influence on Cambodia’s educational landscape. The 2025 Asia-Pacific Stevie Awards attracted more than 1,000 entries from 29 markets across the region.

“This international recognition for the Chen Zhi Scholarship reflects our belief in education’s transformative power,” said Gabriel Tan, chief communications officer of Prince Holding Group. “The award reinforces our commitment to reaching students in communities where opportunity has historically been limited.”

In 2024, the scholarship selected 100 students from more than 1,900 applicants across multiple provinces. Beyond financial support, recipients participate in specialized workshops on artificial intelligence, public speaking, and financial literacy while gaining internship opportunities with over 50 partner companies of Prince Holding Group.

The program represents a significant private sector intervention in Cambodia’s education system, which continues to rebuild following decades of conflict and underinvestment. By providing 400 students with comprehensive support including mentorship and skills development, the initiative addresses both immediate educational needs and longer-term workforce development challenges.

Administered by Prince Foundation, the Group’s philanthropic arm, in collaboration with Cambodia’s Ministry of Education, Youth and Sport, the program aligns with national priorities to expand educational access and develop skilled professionals who can contribute to Cambodia’s economic diversification and growth.

The Stevie Awards, considered premier business honors globally, have recognized excellence in the Asia-Pacific region for over a decade. This year’s winners include organizations from 23 markets, including Cambodia, Australia, Japan, Singapore, and Vietnam.Hashtag: #PrinceHoldingGroup #ChenZhiScholarship

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

MEXC Leads Q1 Market Share Gains with Highest Growth in Both Spot and Derivatives

VICTORIA, Seychelles, April 24, 2025 /PRNewswire/ — While the global crypto market experienced a sharp downturn in Q1 2025, MEXC, a leading global cryptocurrency exchange, bucked the trend with significant gains in both spot and derivatives market share, according to the latest reports from TokenInsight and CoinGecko.

MEXC Leads Q1 Market Share Gains with Highest Growth in Both Spot and Derivatives
MEXC Leads Q1 Market Share Gains with Highest Growth in Both Spot and Derivatives

Market Share Growth Despite Industry Decline

According to TokenInsight’s Q1 2025 Exchange Report, MEXC was one of the few major centralized exchanges (CEXs) to grow its presence while the total market saw a 12.53% decline in trading volume, dropping to $23 trillion.

Market Share Growth Despite Industry Decline
Market Share Growth Despite Industry Decline

MEXC increased its market share from 12.47% to 13.06% quarter-over-quarter. On the spot market, the exchange saw the largest increase in market share among all major CEXs, growing by 1.7% — a standout performance in a quarter marked by declining investor activity.

Crypto Exchange Market Share
Crypto Exchange Market Share

Leading the Charge in Derivatives

MEXC’s most notable performance was in the derivatives segment, where it posted a 4.3% increase, jumping from 8.2% to 12.5% market share, according to TokenInsight. This marks the largest gain among all top 10 derivatives exchanges, as other major players struggled with declining volumes and heightened market uncertainty.

Outperforming in a Shrinking Spot Market

While CoinGecko’s report showed spot trading volumes across centralized exchanges fell by 16.3% to $5.4 trillion in Q1 2025, MEXC gained ground, outperforming most peers and reinforcing its position as one of the fastest-growing CEXs globally.

Outperforming in a Shrinking Spot Market
Outperforming in a Shrinking Spot Market

This performance came at a time when high-risk assets lost investor favor and speculative trading declined sharply. MEXC’s consistent growth highlights its reputation for reliability, market responsiveness, and user-focused innovation.

Exchange Stability Amid Market Turmoil

Following major security incidents in Q1, traders increasingly migrated toward secure, stable platforms. MEXC capitalized on this trend, with both trading volume and user adoption increasing as confidence in competitor platforms waned.

Looking Ahead: Innovation & Resilience

With geopolitical tensions and regulatory changes continuing to influence global markets, MEXC remains committed to expanding its DeFi product suite, embracing regulatory clarity, and delivering early access to emerging trends and tokens. Its unique approach to agile listings and risk-managed derivatives makes it a standout performer in a maturing exchange landscape.

About MEXC

Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto.” Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 36 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.

For more information, visit: MEXC WebsiteXTelegramHow to Sign Up on MEXC

Blockchain for Good Alliance Launches Global Accelerator and Fund with UNDP

DUBAI, UAE, April 24, 2025 /PRNewswire/ — The Blockchain for Good Alliance (BGA),  a global non-profit initiative, together with United Nations Development Programme (UNDP) and EMURGO Labs, has launched the SDG Blockchain Accelerator — a global effort aimed at harnessing blockchain-powered social impact initiatives across the UN Sustainable Development Goals (SDGs). This program aims to equip UNDP personnel and partners with the knowledge, technology, support, and mentorship necessary to develop, pilot, and scale blockchain-based solutions addressing real-world economic development challenges.

Blockchain for Good Alliance Launches Global Accelerator and Fund with UNDP
Blockchain for Good Alliance Launches Global Accelerator and Fund with UNDP

Supported by a global network of industry experts, this multi-year accelerator will onboard two cohorts annually, each running for a four month period, focusing on capacity building, solution development, and ecosystem growth. Leveraging Cardano’s infrastructure and EMURGO Labs’ expertise, the program will deliver up to 40 blockchain solutions aligned with the SDGs, create an open-source resource hub, and promote cross-chain collaboration to broaden the impact of blockchain across the development sector.

Led by BGA Managing Partner Glenn Tan and members of the UNDP AltFinLab, the collaboration will span five global regions, offering funding and strategic support to blockchain projects tackling challenges across the 17 SDGs.

“At UNDP, we believe blockchain is not just a technology — it is a transformative force capable of reshaping how we address humanity’s most pressing challenges. This accelerator program is more than an initiative; it is a call to action for innovators worldwide to harness blockchain’s power to drive sustainable development. By fostering bold collaboration and leveraging its transparency and efficiency, we are paving the way for groundbreaking solutions that can uplift communities globally,” commented Teodor Petricevic, UNDP Accelerator Lead.

As a founding supporter of the Blockchain for Good Alliance, Bybit has worked closely with BGA across various initiatives to promote the use of blockchain for public good. Through its “Bybit Pool” initiative, the crypto exchange has committed US$1 million in funding to support EthicHub, a blockchain platform empowering and enabling smallholder farmers. This contribution supports ethical financing models and showcases blockchain’s potential in building transparent supply chains.

Expanding Impact Across Europe

BGA marked a significant milestone in January 2025 with its formal expansion into Europe, joining the UNDP Brussels Roundtable “Empowering the Future: A Strategic Dialogue on Emerging Technologies and Impact Entrepreneurship in the Western Balkans”. The roundtable brought together 30 key delegates from the UNDP, European Commission, top Web3 foundations, tech hubs, and policy think tanks — including the Ethereum Foundation, Solana Labs, Stellar Development Foundation, Algorand Foundation, Cardano Foundation, Celo, Metis, Cotrugli Business School, Science Technology Park Belgrade, BlackVogel, and the World Metaverse Council.

As part of its broader European strategy, BGA is actively engaging in grassroots initiatives, forging strategic partnerships, and contributing to high-level policy dialogues. With blockchain increasingly recognized as a catalyst for transparent, inclusive, and sustainable development, BGA welcomes collaboration with like-minded organizations to advance real-world solutions and establish blockchain as a pillar of digital equity and innovation across the continent.

#Bybit / #TheCryptoArk / #BGA

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

About Blockchain for Good Alliance (BGA)

The Blockchain for Good Alliance (BGA) is a long-term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.

For more information
Email: hello@chainforgood.org
Website: www.chainforgood.org
Twitter: www.x.com/chainforgood

About UNDP

UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and the planet.

Learn more at www.undp.org