Latest news with #Aptos
Business Insider
9 hours ago
- Business
- Business Insider
No. 1 DeFi Protocol on Aptos, Echo, Launches Token Generation Event
A participant in Aptos Foundation's LFM program, Echo's TGE further cements its role in Bitcoin DeFi on Aptos Echo Protocol, the first Bitcoin liquid restaking and yield layer on MoveVM and the largest protocol on Aptos by total value locked (TVL), has launched its Token Generation Event (TGE). Echo's TGE follows a period of record-breaking growth and community engagement, underpinned by participation in Aptos Foundation's LFM program—a premier initiative that provides hands-on guidance to Aptos-native projects preparing for major product and token launches. Driving the BTCfi Momentum on Aptos With over $285 million in aBTC minted and Echo securing 65% of all bridged BTC assets on Aptos, the protocol has emerged as a key player in the growth of BTCfi (Bitcoin DeFi) on Aptos. Echo enables users to unlock yield opportunities on their Bitcoin holdings via aBTC—a cross-chain liquid Bitcoin token, backed 1:1 by BTC—while powering liquidity and collateral mobility across Aptos-native DeFi protocols. Echo recently surpassed an all-time high of $878 million in TVL, fueled by incentive campaigns, integrations with leading DeFi projects in the Aptos ecosystem and high user engagement. To date, the protocol is responsible for more than 1 million user transactions and 60,000 daily active users. 'The launch of the ECHO token marks a major milestone in our mission to bring BTCfi to life. With this TGE, we are unlocking a new phase of growth for our ecosystem and creating real opportunities for users, builders and the broader Aptos community,' said Jonathan Phay, Co-Founder of Echo Protocol. Accelerating Growth with Aptos LFM Program Echo's rapid evolution has been supported through participation in Aptos Foundation's LFM program, which offers strategic mentorship, marketing resources and ecosystem-wide support for Aptos-native projects preparing for TGEs and beyond. 'Echo Protocol has been instrumental in making BTC a productive, on-chain asset within the Aptos ecosystem,' said Ash Pampati, Head of Ecosystem at Aptos Foundation. 'This a major milestone—not just for Echo, but for BTCfi adoption on Aptos as a whole. Supporting Echo through its participation in LFM has been a key part of our mission to help Aptos-native projects scale and succeed.' Building the Future of Bitcoin Utility on Aptos Echo's TGE represents the next step in advancing Bitcoin utility on Aptos. Starting today, ECHO tokens will be available to users via Binance Alpha, Gate and Kucoin. Following its TGE, Echo plans to continue driving BTC liquidity and composability across the ecosystem, with new products and integrations aimed at expanding BTCfi use cases. About Echo Protocol Echo Protocol is a Bitcoin liquidity aggregation and yield infrastructure layer on MoveVM designed to make Bitcoin productive for holders, ecosystems, and DeFi protocols. By unifying fragmented BTC liquidity, enabling seamless DeFi integration, and amplifying yield opportunities, Echo provides the foundational infrastructure for unlocking BTC utility across chains. Echo Protocol is backed by leading investors such as Aptos, Maelstrom, and Selini, and is rapidly becoming the go-to layer for BTC capital efficiency in the modular DeFi stack. Angus
Time of India
2 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Aptos CEO Joins CFTC's Crypto Regulation Panel
30 Jun 2025 | 11:55:12 PM IST Avery Ching, co-founder and CEO of Aptos, has been appointed to the CFTC's Digital Asset Markets Subcommittee, marking a shift towards including builders in regulatory discussions. In a significant development for cryptocurrency regulation, Avery Ching, the CEO of Aptos, has joined the CFTC's Digital Asset Markets Subcommittee, which includes influential figures from BlackRock and Goldman Sachs. This move highlights the CFTC's intent to incorporate insights from blockchain technologists, contrasting with the SEC's more stringent approach. Meanwhile, U.S. Treasury Secretary Besant anticipates a surge in trade agreements as the July 9 deadline approaches, indicating a proactive stance in economic negotiations. In the crypto market, Cardano's price has shown mixed signals, with whale accumulation suggesting potential recovery despite a recent 18% drop. Additionally, JPMorgan has initiated coverage of Circle with an underweight rating, citing an elevated market cap despite the stablecoin's strong positioning. As the landscape evolves, these developments reflect the ongoing interplay between regulatory frameworks and market dynamics in the cryptocurrency sector. Show more
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
Protocol Camp Announces Upcoming New Edition to Empower Web3 Innovators Across Asia
SEOUL, South Korea, June 26, 2025 /PRNewswire/ — Protocol Camp, Asia's leading Web3 bootcamp originally launched in South Korea, is returning with a unified, expanded format. The upcoming edition merges the Korea and Southeast Asia programs into a single initiative aimed at delivering greater impact for blockchain developers and entrepreneurs across the continent. Originally hosted by Hashed and Hanwha Life – Korea's second-largest life insurer – Protocol Camp has steadily grown across Asia. The Southeast Asia edition, launched in 2024, was led by ShardLab, Hashed's innovation arm, in collaboration with SCBX. These partnerships reinforced the program's strategic relevance and reach. With this integration, Protocol Camp is positioned to scale its influence as a pan-Asian launchpad for Web3 talent. Proven Track Record of Web3 Talent Development Since its inception, Protocol Camp has run six cohorts in Korea, producing 69 graduates and incubating 21 blockchain products. Alumni have joined top Web2 companies such as Hanwha Systems, AWS and BCG, and Web3 organizations including Solana, TON, Hashed Open Research, Modhaus, and more — demonstrating the program's ability to nurture high-caliber talent. In 2024, the program expanded to Southeast Asia, welcoming over 10 alumni from 5 countries and supporting the creation of new products on the Aptos blockchain. Across both regions, Protocol Camp has built a dynamic builder community shaping the decentralized ecosystem through startups and major blockchain teams. A New Chapter Led by ShardLab ShardLab, the innovation arm of Hashed, led Protocol Camp's Southeast Asia expansion and will now oversee the unified pan-Asian program. This marks a strategic step to broaden the camp's regional reach and deepen its focus on high-impact Web3 talent. 'By unifying the program, Protocol Camp becomes a true pan-Asian initiative that supports builders wherever they are,' said Hojin Kim, CEO of ShardLab. 'Our mission is to empower the next generation of Web3 leaders through education, mentorship, and real-world experience.' 'Through diverse partnerships — from global foundations to regional conglomerates — we're building a collaborative platform where innovators can thrive,' Kim added. ShardLab ultimately envisions Protocol Camp evolving into a full-fledged Web3 academy, offering continuous education and resources to help founders scale decentralized innovation. Shaping the Future of Web3 in Asia With Web3 adoption on the rise, Protocol Camp remains committed to empowering builders through education, community, and global partnerships. The unified program is set to lead Asia's next wave of decentralized innovation. Applications opening soon at Media Contact:Rachel Kim (rachel@
Business Insider
6 days ago
- Business
- Business Insider
Protocol Camp Announces Upcoming New Edition to Empower Web3 Innovators Across Asia
Protocol Camp, Asia's leading Web3 bootcamp originally launched in South Korea, is returning with a unified, expanded format. The upcoming edition merges the Korea and Southeast Asia programs into a single, integrated initiative aimed at delivering greater impact for blockchain developers and entrepreneurs across the continent. Originally hosted by Hashed and Hanwha Life–Korea's second-largest life insurer–Protocol Camp has steadily grown its footprint across Asia. The Southeast Asia edition, launched in 2024, was led by ShardLab, the innovation arm of Hashed, and held in collaboration with major regional conglomerate SCBX and global blockchain platform Aptos. These partnerships have reinforced the program's strategic relevance and regional reach. With the integration of both tracks, Protocol Camp is now positioned to scale its influence as a true pan-Asian launchpad for top Web3 talent. Proven Track Record of Web3 Talent Development Since its inception, Protocol Camp has successfully delivered six cohorts in Korea, producing 69 graduates and incubating 21 blockchain products. Its alumni have gone on to join top-tier Web2 companies such as Hanwha Systems, AWS, and BCG, as well as leading Web3 organizations including the Solana Foundation, TON Foundation, Hashed Open Research, Modhaus, and more. This strong track record highlights the program's ability to nurture high-caliber talent and prepare them for impactful roles across the evolving technology landscape. In 2024, Protocol Camp expanded to Southeast Asia, welcoming over 10 alumni from 5 countries, and supporting the creation of new decentralized products built on the Aptos blockchain. Across both regions, the program has cultivated a dynamic and engaged builder community, many of whom are now shaping the decentralized ecosystem through startups and major blockchain teams. A New Chapter Led by ShardLab ShardLab, the innovation arm of Hashed, first led Protocol Camp's Southeast Asia expansion and will now helm the newly merged program. This transition marks a strategic move to extend the bootcamp's reach across Asia, while deepening its focus on high-impact talent development in the blockchain space. 'By unifying the program, Protocol Camp is evolving into a true pan-Asian initiative that supports builders wherever they are,' said Hojin Kim, CEO at ShardLab. 'Our goal is to empower the next generation of Web3 leaders through education, mentorship, and real-world application.' 'Protocol Camp is committed to growing talents and cultivating innovation across borders,' Kim added. 'By partnering with a diverse network of ecosystem players–from global blockchain foundations to regional conglomerates–we aim to create a collaborative platform where aspiring builders can thrive and shape the decentralized future.' Looking forward, ShardLab envisions Protocol Camp growing into a full-fledged Web3 school–offering ongoing technical education and to equip founders with the tools, insights, and networks needed to scale decentralized innovation. What to Expect from the New Protocol Camp Edition Expanded Curriculum: In-depth training on blockchain fundamentals, protocol design, smart contracts, and decentralized app deployment. World-Class Mentorship: Access to technical experts, founders, and investors from top-tier blockchain protocols and VC firms. Demo Day Exposure: Graduates will pitch their products to a curated audience of investors, ecosystem leaders, and potential collaborators across Asia. Cross-Border Collaboration: A dynamic community fostering team-based projects, open-source contributions, and multi-market innovation. Shaping the Future of Web3 in Asia As Web3 adoption accelerates globally, Protocol Camp reaffirms its mission to educate and empower serious builders committed to shaping the decentralized future. With its unified format, global partnerships, and alumni success stories, the program is well-positioned to drive the next wave of Web3 innovation across Asia. Applications for the upcoming edition will open soon. Developers, entrepreneurs, and ecosystem partners are invited to learn more and apply at ShardLab ShardLab is the innovation arm of Hashed, a leading global Web3 venture capital firm based in Asia. Under the strategic partnership between Hashed and SCBX(the mothership of Thailand's leading financial technology group and the parent company of Siam Commercial Bank), ShardLab is having various innovative activities, such as Web3 R&D, venture building, and ecosystem building. Our vision extends to fostering mass adoption of Web3 in Southeast Asia, making technology accessible and empowering communities in this dynamic digital frontier.
Crypto Insight
25-06-2025
- Business
- Crypto Insight
Aptos Labs, Jump Crypto launch Web3 cloud storage layer
Aptos Labs and Jump Crypto have introduced a cloud-based storage network tailored for Web3 and decentralized applications — a system its creators say rivals traditional cloud services. Unveiled on Tuesday, the network — called Shelby — is a globally distributed platform powered by Aptos' high-throughput technology. It is chain-agnostic, offering compatibility with Ethereum, Solana and other major blockchains. Shelby is built for developers who need cloud-like speed and remote access for demanding use cases, including streaming video, artificial intelligence and decentralized physical infrastructure (DePIN) applications. Aptos Labs is the creator of the Aptos blockchain, which is recognized for its emphasis on scalability and performance. Jump Crypto, the digital asset division of Jump Trading Group, is actively engaged in venture investing and developing blockchain and crypto-native projects. Shelby is launching in a highly competitive cloud marketplace, which is dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud. Pranav Raval, Aptos' engineering lead, told Cointelegraph that Shelby offers similar performance to leading cloud platforms, but gives developers the ability to 'retain ownership, control pricing and program business logic at the protocol level.' AI workloads boost demand for data storage Raval was asked about the role of cloud services in supporting AI workloads, particularly in light of the massive data storage requirements and growing need for data center infrastructure. Citing International Energy Agency data, S&P Global recently reported that global data center power demand is projected to double by 2030. These rising data demands fuel the need for scalable, efficient storage solutions, placing increased pressure on cloud platforms to keep up. 'When data is activated, it builds new worlds and powers new economics, creativity, and coordination,' said Raval, adding: 'For AI, that means AI agents aren't just smart, they're connected to live, contextual data anytime, anywhere. AI data marketplaces hosted on Shelby empower builders to train models faster, using relevant data streamed in as needed.' Source:
