Track market-moving stories before they get noisy

The leading crypto exchange, Binance, has recently issued a warning to delist five crypto from its platform, sparking market discussions. In a recent press release, the exchange said that it has added monitoring tags for Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE). The cryptocurrencies, under this tag, are usually seen as more volatile and at-risk assets of potential delisting.

Binance Adds Monitoring Tags For These Five Crypto Binance has recently announced its plans to include five cryptocurrencies in its Monitoring Tag list. This move signals heightened volatility and potential risks for the assets, especially amid the ongoing broader crypto market selloff.

According to the exchange, the tokens with the Monitoring Tag are closely reviewed and face potential delisting if they fail to meet the listing requirements. In other words, this tag indicates a warning for the investors, which requires them to complete quizzes every 90 days, ensuring they understand the risks before putting their bets into these assets.

Meanwhile, these five tokens are now under close scrutiny by the exchange. Notably, the BLZ token, which is known for its decentralized data storage solutions, faces potential delisting from the exchange. Simultaneously, the other four crypto also face similar pressure, which has sparked concerns among investors.

Usually, any positive announcements from the top crypto exchanges tend to boost the market confidence in the assets. Similarly, any other announcement or negative developments like delisting and others, could significantly weigh on the investors’ sentiment and trigger a decline in the prices.

PENDLE And SEI Receives Positive Outlook The latest Binance announcement also mentions the removal of the Seed Tag from Pendle (PENDLE) and Sei (SEI). This removal signals improved stability in these projects, indicating they are no longer in the exchange’s high-risk category. Notably, the Seed Tag generally applies to new, innovative projects that exhibit early-stage volatility, but passing this phase can boost investor confidence.

Meanwhile, the exchange’s criteria for reviewing tokens include various factors, such as the commitment of the project team, network security, and public communication. Despite that, both PENDLE and SEI price dropped about 4% and 5%, respectively, today.

However, the tokens added to the Monitoring Tag often see heightened volatility, impacting trading activity. This step also serves as a reminder to investors about the risks of certain crypto projects. Tokens on this list often experience market instability, reflecting the platform’s rigorous evaluation process.

Despite that, the BLZ price was up over 4% today and exchanged hands at $0.126. Its trading volume rocketed nearly 170% to $15.73 million, indicating a growing confidence of the investors towards the crypto despite the recent warning.

BLZ Price However, the other four crypto CLV, KEY, PROS, and VITE prices noted a sharp decline, with all these four crypto falling nearly 20% today. This reflects the influence of Binance on the investors’ sentiment and the potential risks associated with the assets.

CLV Price

Ripple vs. SEC Lawsuit Update: SEC Appeal Deadline Confusion Explained

Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).

Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.

This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers. In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by Waterdrip Capital), Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem. This investment aligns with Prosper’s strategic direction and supports its new vision.

About BIT Mining Limited

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).

Contact Prosper
[email protected]

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

BIT Mining (NYSE: BTCM) Invests in Prosper’s Native Tokens to Support New Focus on Bitcoin Mining

[PRESS RELEASE – Cayman Islands, Cayman Islands, November 14th, 2024]

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).

Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.

This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers. In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by Waterdrip Capital), Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem. This investment aligns with Prosper’s strategic direction and supports its new vision.

About BIT Mining Limited

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to unlock the potential of Bitcoin fully. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).

George Town, Cayman Islands, November 15th, 2024, Chainwire

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer.

Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for $PROS token holders. The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s v1 web app.

Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders. This also highlights Prosper’s value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.

About BITMAIN

Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. The company’s R&D center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visit prosper-fi.com or follow us on X (formerly Twitter).

Contact Prosper
[email protected]

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Prosper enters into long-term agreement with BITMAIN to provide Bitcoin miner hosting services

[PRESS RELEASE – George Town, Cayman Islands, November 15th, 2024]

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer.

Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational standards for $PROS token holders. The first batch of hashrate under this agreement is expected to come online throughout November via Antpool’s mining pool platform and accessible via Prosper’s v1 web app.

Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders. This also highlights Prosper’s value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.

About BITMAIN

Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. The company’s R&D center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visit prosper-fi.com or follow us on X (formerly Twitter).

Dubai, United Arab Emirates, December 13th, 2024, Chainwire

Prosper, a decentralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA), today announced the acquisition of over 7,000 ASIC miners from BITMAIN along with the successful closing of its strategic funding round.

Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands, and more, Prosper has procured the new ASIC miners from BITMAIN to bring institutional-grade execution quality to its protocol  Prosper aims to expand its underlying Bitcoin hashrate capacity to accelerate the flywheel of DAO-owned hashrate and Bitcoin treasury operations & democratise access to institutional-grade mining  Following the announcement of Prosper’s long-term partnership and hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers, this landmark purchase marks an instrumental step in Prosper’s mission to provide institutional-grade reliability to its mining ecosystem. By leveraging BITMAIN’s cutting-edge products, Prosper enhances the value delivered to its $PROS token holders, further distinguishing itself as the premier Web3 Bitcoin mining protocol backed by leading industry players.

“Bitcoin brought about a fundamental shift in finance by democratizing an economic system in its entirety with blockchain technology. Prosper follows the footsteps of Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin-through blockchain technology. This layer of community governance and ownership afforded by blockchain allows Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations while simultaneously helping to ensure that Bitcoin mining layer is sufficiently decentralized to maintain Bitcoin’s status as the most recognized digital reserve currency. ” said Milton Lam, Prosper Advisory Council Member. 

Prosper’s Latest Development

1 EH/s of hashrate procured and ready to fully go live (with 250 PH/s live on Prosper’s dApp already) Access to pipeline capacity of 170MW with the mid-term goal of adding another 5 EH/s More than 2 BTC rewards given out to $PROS holders since November Access to more than 200 BTC to be delegated by launch partners to the DAO to unlock TVL opportunities for $PROS holders Strategic Round Closure: Strengthening the Bitcoin Ecosystem

In addition to its BITMAIN partnership, Prosper announced the closure of its strategic funding round, which saw participation from prominent industry players and financial investors, including Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Earlier in October, Animoca Brands also disclosed its intention to purchase $PROS tokens from the open market.

These investments demonstrate the strong confidence in Prosper’s vision of bridging institutional-grade Bitcoin mining power on-chain and its innovative approach to Bitcoin liquidity farming. The involvement of these strategic partners brings crucial industry expertise and networks to support Prosper’s operations as it scales.

Positioning Prosper for Growth

Prosper’s tokenomics adopts a unique design to ensure hashrate-per-token will only increase and be accretive to $PROS holders. Prosper’s DAO leverages a unique flywheel model with both hashrate and Bitcoin treasury operations – all governed by and for the benefits of $PROS holders.  Institutional-grade hashrate generates Bitcoin on an ongoing basis, part of which is rewarded to holders for their active participation, and remaining goes to the DAO treasury. DAO’s treasury Bitcoin can be directed towards TVL opportunities with ecosystem partners such as Bitcoin L2 to generate benefits for $PROS holders and the DAO. Growth in DAO treasury value and $PROS adoption allows the protocol to further expand underlying hashrate and enhance protocol resilience. By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design backed by strong fundamentals, and an extensive network of strategic partners, Prosper is well-positioned to solidify its status as the flagship decentralized Bitcoin mining protocol.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through tokenizing institutional-grade Bitcoin hashrate as omnichain RWA, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).

Contact Prosper
[email protected]

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Prosper Acquires 7,000 ASIC Miners from BITMAIN and Secures Strategic Funding to Democratize Bitcoin Mining

December 13, 2024 – Dubai, United Arab Emirates

Prosper – a decentralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain RWAs (real-world assets) – today announced the acquisition of over 7,000 ASIC miners from BITMAIN along with the successful closing of its strategic funding round. Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands and more, Prosper has procured the new ASIC miners from BITMAIN to bring institutional-grade execution quality to its protocol.

Prosper aims to expand its underlying Bitcoin hashrate capacity to accelerate the flywheel of DAO-owned hashrate and Bitcoin treasury operations and democratize access to institutional-grade mining.

Following the announcement of Prosper’s long-term partnership and hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers, this landmark purchase marks an instrumental step in Prosper’s mission to provide institutional-grade reliability to its mining ecosystem.

By leveraging BITMAIN’s cutting-edge products, Prosper enhances the value delivered to its PROS token holders, further distinguishing itself as the premier Web 3.0 Bitcoin mining protocol backed by leading industry players.

Milton Lam, advisory council member for Prosper, said,

“Bitcoin brought about a fundamental shift in finance by democratizing an economic system in its entirety with blockchain technology.

“Prosper follows the footsteps of Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin – through blockchain technology.

“This layer of community governance and ownership afforded by blockchain allows Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations while simultaneously helping to ensure that Bitcoin mining layer is sufficiently decentralized to maintain Bitcoin’s status as the most recognized digital reserve currency.”

Prosper’s latest development 1 EH/s of hashrate procured and ready to fully go live – with 250 PH/s live on Prosper’s DApp already Access to pipeline capacity of 170MW with the mid-term goal of adding another 5 EH/s More than two BTC rewards given out to PROS holders since November 2024 Access to more than 200 BTC to be delegated by launch partners to the DAO to unlock TVL (total value locked) opportunities for PROS holders Strategic round closure – Strengthening the Bitcoin ecosystem In addition to its BITMAIN partnership, Prosper announced the closure of its strategic funding round, which saw participation from prominent industry players and financial investors, including Metalpha, Waterdrip Capital, BIT Mining and Satoshi Protocol.

Earlier in October, Animoca Brands also disclosed its intention to purchase PROS tokens from the open market.

These investments demonstrate the strong confidence in Prosper’s vision of bridging institutional-grade Bitcoin mining power on-chain and its innovative approach to Bitcoin liquidity farming.

The involvement of these strategic partners brings crucial industry expertise and networks to support Prosper’s operations as it scales.

Positioning Prosper for growth Prosper’s tokenomics adopts a unique design to ensure hashrate-per-token will only increase and be accretive to PROS holders. Prosper’s DAO leverages a unique flywheel model with both hashrate and Bitcoin treasury operations – all governed by and for the benefits of PROS holders. Institutional-grade hashrate generates Bitcoin on an ongoing basis, part of which is rewarded to holders for their active participation, and the remaining goes to the DAO treasury. DAO’s treasury Bitcoin can be directed towards TVL opportunities with ecosystem partners such as Bitcoin layer-two to generate benefits for PROS holders and the DAO. Growth in DAO treasury value and PROS adoption allows the protocol to further expand underlying hashrate and enhance protocol resilience. By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design backed by strong fundamentals and an extensive network of strategic partners, Prosper is well-positioned to solidify its status as the flagship decentralized Bitcoin mining protocol.

About Prosper Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through tokenizing institutional-grade Bitcoin hashrate as omnichain RWA, and aims to fully unlock the potential of Bitcoin.

For more information, users can visit the website or follow on X.

Contact Prosper