Crypto Exchange Giant Huobi Gains Controlling Interest in Public Firm 5115

Crypto exchange giant Huobi has completed the purchase of majority shares of Hong Kong-based investment holding company, Patronics Holdings Limited (PHL). The development will see Huobi take over interest in an aggregate of 215,576,000 Shares, representing approximately 71.67% of the issued Shares as at the date of completing the transaction.

Earlier this month, by the order of the board, PHL Chairman, Simon Nai-cheng Hsu requested the Hong Kong stock exchange to suspend trading of the company’s shares from 9:00 a.m August 22, 2018 this was to enable the parties involved see through the negotiations and transaction processes.

According to the request, this was pending the release of an announcement relating to a possible offer to be made under Rule 26 of the Hong Kong Codes on Takeovers and Mergers, which is inside information in nature.

Having completed the transaction and sealed the deal, a joint announcement has been released by representatives of both parties requesting a resumption in trading of the company shares. The announcement also elaborated the details of the transaction that sees Huobi control majority shares in the multinational company.

Patronics Holdings Limited is principally involved in the manufacturing of power-related and electronics that cuts across different categories of products. The company’s scope also encompasses several subsidiaries that cuts across a number of international boundaries. The subsidiaries include Pantene Industrial Co. Limited, Pantronics International Holdings Limited, Panjet Service Company Limited, among others.

As mentioned above, the reported takeover sees the transfer of more than 215 million of its ordinary shares to Li Lin, the chairman of Huobi Group, via several of the exchange’s subsidiaries. This translates to about 71.67% of the total shares of Patronics Holdings, qualifying Lin as the largest substantial shareholder of the company.

An initial surge in the price of Huobi token shortly after the first public announcement as seen on Coinmarketcap is believed to have been in direct response to the development. However, the token has continued in this trend following the overall short-term recovery of the general token market which sees the leading cryptocurrency cross the $7,000 mark for the first time in several weeks before a retreat today.

On the threshold of this takeover, Huobi is well positioned in the process of launching itself into the secondary financial market. This will be another milestone in the life of one of the leading crypto exchanges existing today.

Patronics has experienced significant growth within the last couple of months. Data from the Financial Times reveal that the company’s stocks trades at a price of 3.08HKD as at the time of writing. This represents a price increase of 152.46 percent in the last one year.

With the takeover by Huobi in a deal that is estimated at $77 million USD, the overall impact on the company’s equity and the exchange’s token remains to be seen.

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Plume and Stobox Partner to Provide a Turn-Key Tokenization for Issuers 1381

Plume Network, the first modular blockchain designed for real-world assets (RWAs), and Stobox, a leading provider of tokenization solutions, are joining forces to provide a seamless, turnkey business solution for asset issuers on Plume.

Through this long-term partnership, Stobox will integrate its battle-tested tokenization solutions with Plume’s Arc platform, streamlining the process for issuers to tokenize assets while ensuring compliance with security regulations across multiple jurisdictions.

By integrating Stobox’s enterprise API into Arc, Plume will enable institutions and enterprises to gain access to a fully compliant and scalable infrastructure for tokenizing multi-billion-dollar asset portfolios. Stobox’s solutions for enterprise clients will support sophisticated needs, allowing professional market players to navigate the complexities of blockchain-based asset issuance efficiently.

With more than 180 apps and protocols in its ecosystem, Plume fosters innovation and collaboration in the RWA space. Arc alone has over $5.5Bn of real-world assets committed to be tokenized and distributed. By leveraging Stobox’s deep expertise in tokenization and regulatory frameworks, the partnership will unlock new opportunities for institutions looking to expand the reach of real-world assets through the blockchain in a secure and compliant manner.

“Integrating Stobox’s solutions into Plume’s Arc enhances the capabilities of our Arc platform, ensuring that issuers can navigate compliance with ease,” said Luke Xiao, Head of Strategic Partnerships of Plume Network. “This partnership paves the way for enterprises to tokenize assets at an unprecedented scale.”

“By combining our regulatory expertise with Plume’s specialized blockchain infrastructure, we are setting new standards for compliant and scalable tokenization,” said Gene Deyev, CEO of Stobox. “With this, any business will be able to tokenize its assets or equity and immediately access vast financial markets onchain.”

Stobox has already helped tokenize over $500 million in assets across industries such as finance, mining, energy, and real estate. Stobox also developed one of the first enhanced methodologies for issuers conducting the STO properly optimized for all asset types, various feasible jurisdictions, and underlying asset classes that cover most of the cases for common business.

About Plume

Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. Learn more at https://www.plumenetwork.xyz/.

About Stobox

Stobox is a VASP-licensed and regulated tokenization provider that builds financial markets for small and medium-sized businesses. The company offers an all-in-one solution for tokenizing, investing, and trading real-world assets (RWA) and operates in multiple jurisdictions, including the United States. Since its launch in 2018, Stobox has successfully tokenized over $500 million in assets across the finance, mining, energy, and real estate sectors. For more information, visit https://www.stobox.io or follow @StoboxCompany on X.

Rekubit: Advanced Data Encryption Reinventing Security on Rekubit Exchange 1544

Rekubit has unveiled its latest breakthrough in digital security—an advanced data encryption system designed to protect sensitive information and optimize digital communications. This new encryption technology enhances data protection across multiple sectors, ensuring that businesses and individuals can securely transmit and store information without the risk of unauthorized access.

Strengthening Digital Protection with Cutting-Edge Encryption

With the growing volume of digital transactions and online communications, security concerns have become more pressing than ever. Rekubit’s newly developed encryption technology provides a sophisticated layer of protection that safeguards sensitive information from cyber threats. The system is designed to withstand potential security breaches while maintaining fast and efficient data transmission.

Unlike traditional encryption methods, Rekubit’s technology integrates adaptive security protocols that continuously evolve to counter new and emerging threats. By using dynamic key management and advanced cryptographic algorithms, this system significantly reduces the risk of data interception or manipulation. Businesses and individuals can now operate with greater confidence, knowing that their information is protected by state-of-the-art encryption.

Optimized Performance Without Compromising Security

One of the key challenges of advanced encryption systems is balancing security with speed and efficiency. Rekubit has addressed this issue by developing a system that ensures high-speed data processing without compromising security standards. This innovation is particularly beneficial for industries requiring real-time data protection, such as healthcare, finance, and telecommunications.

Additionally, the encryption system is designed to integrate seamlessly with existing digital platforms, making implementation simple and cost-effective. Users can enhance their security infrastructure without the need for extensive modifications to their current operations.

Expanding Security Solutions for Businesses and Individuals

Rekubit’s encryption technology is not limited to large enterprises—it is also designed to support individual users who require enhanced security for personal communications and transactions. Whether securing confidential business data or protecting personal messages, the system offers a comprehensive solution for users at all levels.

Beyond data transmission, Rekubit’s technology also enhances storage security. The encryption system ensures that stored information remains protected, reducing the risk of data leaks or unauthorized access. With data breaches becoming increasingly common, this innovation provides an essential tool for organizations and individuals looking to safeguard their digital assets.

Looking Ahead: Rekubit’s Commitment to Digital Security

As technology continues to evolve, Rekubit remains committed to advancing digital security solutions that address modern challenges. This latest encryption innovation is part of a broader initiative to enhance cybersecurity standards and provide users with the most effective protection available.

Moving forward, Rekubit plans to expand its security offerings with additional features, including AI-driven threat detection and advanced access control systems. By continuously improving its security infrastructure, Rekubit is setting a new benchmark for digital safety and resilience in an increasingly connected world.

For more information about Rekubit’s latest advancements in encryption technology, visit https://www.rekubit.com/

MiL.k migrates to Arbitrum for the full-scale expansion of global web3 business 1782

  • MiL.k decided to onboard on Arbitrum for accelerating its global business expansion
  • Arbitrum is the leading Ethereum layer 2 solution for various dApps and Web3 projects
  • Expected for the active collaboration with the Arbitrum ecosystem to strengthen partnerships with global blockchain projects primarily in Asia

Milk Partners (CEO Jayden Jo), which operates the blockchain-based loyalty integration platform MiL.k, announced on the 27th that it plans to migrate to Arbitrum, the world’s largest Ethereum Layer 2, to expand its global Web3 ecosystem.

MiL.k made the decision to move their mainnet from the Luniverse chain to Arbitrum One Chain to secure infrastructure optimized for the Web3 business in the fast-changing market and strengthen partnerships in the global blockchain ecosystem.

MiL.k is a DApp that supports the integration and exchange of reward points from various service companies. By solving the difficulties arising from different database and policies for each company with blockchain technology, it has introduced a new standard of point utilization, revolutionizing the market. MiL.k has rapidly grown by establishing a loyalty ecosystem in collaboration with major domestic and international service companies such as AirAsia (global airline), Yanolja (No.1 online travel agency in Korea), OK Cashback (loyalty system of SK Group, the second largest group in Korea), Lotte L-Point (loyalty system of Lotte Group), CU (market No.1 convenience store in Korea), and Megabox (top multiplex in Korea).

Through the Arbitrum migration, MiL.k plans to solidify its global presence by actively pursuing diverse web 3 partnerships within the Arbitrum ecosystem and global service companies. Arbitrum is the representative Ethereum Layer 2 solution which offers the highest scalability to more than 1,000 projects, including 420 DeFi projects, 33 AI & Depin projects, and 63 gaming projects. By leveraging Arbitrum’s technological strengths and global influence, MiL.k will accelerate the global business development and market penetration through marketing collaborations with various projects.

Both parties are planning to actively expand global business together based on the 1.5 million DApp users of MiL.k and the technical expertise and network of the Arbitrum Foundation. In particular, to strengthen the presence in global markets primarily in Asia, both parties plan to initiate various Web3-based marketing and business.

Jayden Jo, CEO of Milk Partners, stated, “This migration is a strategic decision that will accelerate MiL.k’s global expansion, going beyond a mere transition of the mainnet. Through the collaboration with Arbitrum, the positioning of the MiL.k will be a leading global web3 project.”

Meanwhile, even after migrating to the Arbitrum, MiL.k will maintain and strengthen its close collaboration with ‘Lamda 256’ operating company of the Luniverse chain. Both companies have agreed to actively cooperate to enhance stable blockchain infrastructure and services.

CoinAtoms.com: Your Trusted Source for Cryptocurrency News in a Rapidly Evolving Digital Economy 1802

In an era where digital currencies are reshaping finance, CoinAtoms.com has emerged as a beacon of clarity and insight for enthusiasts, investors, and novices alike. Founded in 2020 amid a cryptocurrency boom, this independent publication offers comprehensive coverage of blockchain technologies, decentralized applications, and the burgeoning internet of finance. With a commitment to delivering the latest news, price analysis, and expert commentary, CoinAtoms.com strives to bridge the knowledge gap in an increasingly complex landscape.

The digital currency market is experiencing remarkable growth, fueled by rising interest from businesses, startups, and individual consumers. According to a recent study by the Blockchain Research Institute, the global blockchain market is projected to reach $69 billion by 2027, reflecting a compound annual growth rate (CAGR) of over 67%. This explosive growth indicates that cryptocurrencies and blockchain technologies are no longer fringe concepts relegated to tech-savvy individuals, but rather integral components of the modern economy.

CoinAtoms.com was strategically launched during a time when cryptocurrency was on the verge of reaching unprecedented peaks. “We recognized the need for reliable and timely information in a market that was rapidly evolving,” says Emily Tran, the publication’s editor-in-chief. “Our goal has always been to demystify the intricacies of cryptocurrency and highlight the opportunities it presents to our audience.”

The publication doesn’t just report on Bitcoin and Ethereum; it delves into the entire ecosystem surrounding these digital assets. From initial coin offerings (ICOs) to non-fungible tokens (NFTs) and decentralized finance (DeFi) platforms, CoinAtoms.com provides in-depth analyses and features contributions from a diverse array of experts within the digital currency community. “The range of voices we include is vital in presenting a balanced perspective on the industry,” Tran adds. “We want our readers to see the full picture, including both the opportunities and the risks.”

A hallmark of CoinAtoms.com is its emphasis on community engagement and expert opinion. The platform’s columns feature insights from blockchain developers, financial analysts, and economists, fostering a well-rounded dialogue about the implications of crypto news on global economies. For instance, Dr. Michael Harris, a leading economist specializing in digital currencies, recently commented, “While cryptocurrencies hold tremendous potential for innovation, it’s crucial for investors to remain vigilant about market volatility and regulatory changes.”

However, the landscape is not without its challenges. Regulatory scrutiny is intensifying worldwide, with governments grappling to establish frameworks for cryptocurrencies. In the United States, the Securities and Exchange Commission (SEC) has ramped up its enforcement actions, prompting concerns among industry participants about compliance and market stability. “The regulatory environment is evolving, and it’s imperative for stakeholders to stay informed,” asserts Tran. “CoinAtoms.com aims to keep our readers updated on these developments, equipping them with the knowledge they need to navigate the changing terrain.”

To further enhance the reader experience, CoinAtoms.com continuously updates its pricing data and market analysis, providing real-time information to help investors make informed decisions. The platform also hosts webinars and workshops, bringing together experts and audiences to discuss pressing topics in blockchain and finance.

In conclusion, as the world of cryptocurrency continues to flourish, CoinAtoms.com stands at the forefront, dedicated to empowering its audience with trusted information and expert insights. In a time where knowledge is power, the publication not only informs but inspires a new generation of investors and innovators. Ultimately, as the digital economy evolves, CoinAtoms.com remains committed to its mission: to illuminate the path forward, ensuring that no one is left in the dark regarding the future of finance.

IQ AI Launches ATP: Tokenizing and Owning Autonomous AI Superagents with NEAR and Frax 2060

New Agent Tokenization Platform (ATP) Now Available to Simplify Decentralized Finance (DeFi) and Empower Users to Build and Manage Intelligent, Autonomous Agents Natively Integrated with NEAR and Frax

IQ, the developer of AI/blockchain decentralized technology, today announced the launch of its Agent Tokenization Platform (ATP), a groundbreaking system that enables AI agents to own, trade, and manage assets autonomously on-chain. This marks a new era where AI operates as a true economic player rather than a passive tool.

Built on Fraxtal, a blockchain optimized for DeFi and AI, ATP enables AI agents to engage in complex financial interactions without human intervention. Frax will also use ATP to launch FraxAI, its first tokenized agent.

NEAR is the number one blockchain for AI and Web3. ATP’s Brain framework will natively integrate NEAR’s AI agent development stack. In addition to the infrastructure they have built to support the development of agents, NEAR recently announced a $20 million fund investing in agents.

AI as an Autonomous Economic Player

Each AI agent launched on ATP has its own token, representing governance, value, and capabilities, allowing it to function as a self-sustaining economic participant.

“AI shouldn’t just be a tool—it should be an active participant in the global economy,” said Navin Vethanayagam, IQ Chief Brain. “ATP is the catalyst for AI-driven financial automation, unlocking a future where intelligent agents operate entire economic ecosystems.”

Frax AIVM & BAMM Integration

ATP will integrate Fraxtal’s North Star Hardfork which introduces Frax’s AIVM technology, a system that rewards AI agents for computational work and makes shared state inference computation possible, creating AI-driven economies that are self-sustaining. ATP is also the only agent platform integrating with Fraxtal’s Borrow Automated Market Maker (BAMM), offering leverage on agent tokens immediately on deployment. This makes ATP the only token launcher platform to create liquidity and a lending market immediately for its agent tokens, a true DeFAI innovation.

“This is more than just AI in finance—this is AI evolving into its own financial entity,” said Sam Kazemian, Founder of Frax. “With the AIVM, AI agents are no longer just executing tasks; they are earning, optimizing, and contributing to the economy autonomously.”

NEAR Intents & AI Infrastructure

ATP’s integration with NEAR will bring advanced AI infrastructure and seamless cross-chain capabilities, leveraging NEAR Intents for frictionless transactions and scalable agent operations. This integration enhances the autonomy and economic viability of AI agents, ensuring they can interact across blockchains efficiently.

“NEAR infrastructure is purpose-built for AI agent development, and ATP’s integration with NEAR Intents and NEAR AI infrastructure will ensure seamless cross-chain interactions, scalability, and innovation,” said Illia Polosukhin, Co-Founder of NEAR Protocol and NEAR AI. “Together, Frax and NEAR will enable a future where AI agents are not only intelligent but also economically autonomous.”

AI-Driven Financial Automation

ATP’s Brain framework integrates with key AI-powered financial tools:

  • Fraxlend Plugin – AI-driven lending and borrowing.
  • Odos Plugin – Automated token swaps.
  • Heartbeat Plugin – On-chain market monitoring.

The Role of the IQ Token

  • All agent transactions and fees are paid in IQ.
  • Agents have IQ trading pairs for liquidity.
  • IQ holders govern the platform, ensuring decentralization.

Teams building for the future of DefAI have begun tokenizing agents on ATP. Gemach is one of the teams tokenizing a DeFAI agent on ATP. “Ari will autonomously trade and lend on Fraxtal and other EVM chains using ATP’s Brain framework,” said Assune, Founder of Gemach. “We are excited to bring another great tokenized AI agent to the Gemach ecosystem, governed by GMAC – the native governance token of the Gemach DAO.”

AI Beyond DeFi

Beyond finance, ATP will expand into supporting agents managing and operating robotics, logistics, and IoT automation.

About IQ

IQ is building the next generation of decentralized technology, combining AI and blockchain to empower users and projects alike. As the connector and launcher for tokenized agents, the Agent Tokenization Platform (ATP) provides the foundation for creating intelligent, autonomous agents that reshape industries, foster vibrant communities, and unlock new opportunities in DeFi and beyond.

Nereus Announces Launch of DAO and Staking Program: Empowering Users to Earn Rewards and Influence the Future 2163

Nereus, a leading decentralized finance (DeFi) platform, is excited to announce the launch of its Staking Program and Governance Decentralized Autonomous Organization (DAO), exclusively available to Nereus Token (NRS) stakers. This initiative allows participants to earn rewards and actively influence the project’s future through governance.

Staking Program: Earn Rewards and Support the Ecosystem

The Nereus Staking Program enables NRS token holders to stake their tokens indefinitely, with a 30-day withdrawal delay. Users can initiate a withdrawal request at any time, and after the withdrawal delay has elapsed, they will be able to withdraw their tokens.

Key features of the Staking Program include:

  • Flexible Staking: Stake your NRS tokens indefinitely and withdraw them with a 30-day delay.
  • Reward Distribution: Users receive rewards based on the current reward rate, set by DAO voting, while their tokens remain staked, with more reward types coming soon.
  • Governance Participation: Staked tokens determine voting power within the Governance DAO.
  • Strengthening the Ecosystem: Staking supports the long-term sustainability of the Nereus platform by encouraging token distribution, increasing the holder base, boosting DAO participation, and driving token demand and trading activity.

At the moment, staking rewards are not being distributed. A DAO proposal will soon be initiated to determine the reward allocation for staking over a specific period and to set the official start date for reward distribution.

For more information on staking, visit the Nereus Staking page.

Governance DAO: Influence Project Decisions

By staking NRS tokens, users gain voting power within the Governance DAO, enabling them to:

  • Influence key protocol parameters and updates.
  • Propose and vote on new features or initiatives.
  • Play an active role in shaping the future of Nereus.

With the launch of the Staking Program and Governance DAO, Nereus is reinforcing its commitment to decentralization, community-driven decision-making, and sustainable ecosystem growth.

About Nereus Token (NRS)

The Nereus Token (NRS) serves as the cornerstone of the Nereus ecosystem, providing holders with governance rights and staking opportunities. NRS is designed to foster long-term engagement and community participation.

Staking and Future Enhancements

In the near future, Nereus plans to introduce additional staking incentives, including real yield in USDT and yield in escrowed NRS tokens (esNRS). 80% of Nereus’s daily trading fees are expected to be shared with NRS token holders, creating a direct link between platform activity and user rewards. To maintain token stability and prevent inflationary pressures, an APR cap of 50% for esNRS token rewards is planned. These enhancements will be subject to governance approval and community consensus.

DAO Governance and Upcoming Improvements

A substantial allocation of tokens has already been designated to the DAO Treasury, allowing the community to influence Nereus Finance’s strategic direction and development initiatives. In the near future, Nereus intends to introduce a quadratic voting model, where voting power scales with the square root of NRS tokens staked. This enhancement aims to ensure a more balanced and equitable governance structure.

How to Get Started with Staking

  1. Select your staking amount.
  2. Stake your NRS tokens with a 30-day withdrawal delay.
  3. Earn rewards while supporting the project’s growth and stability.

About Nereus

Nereus is a decentralized derivatives trading platform on the Polygon blockchain, offering up to 150x leverage across cryptocurrencies, forex, and commodities. Designed to blend the user-friendly experience of centralized exchanges with the transparency of DeFi, Nereus features gasless transactions, social logins, and instant execution with low trading fees.

The platform prioritizes security and scalability, with plans to migrate to a zero-knowledge (ZK) Layer 2 solution for reduced transaction costs and faster processing. Additionally, Nereus has developed a unique SDK to facilitate seamless integration with partner platforms. The first integration is currently in progress with COCA Wallet, enabling users to access trading services directly within the COCA Wallet app for a native experience. A formal announcement will be made upon the completion of this integration. Moving forward, this model will serve as the foundation for future integrations with other services and projects.

With a strong focus on user experience and scalability, Nereus is transforming decentralized derivatives trading.

For more information, please visit www.nereus.finance