Latest news with #Mahé
Yahoo
16-07-2025
- Business
- Yahoo
Aster Launches 24/7 Stock Perpetual Contracts Trading with Exposure to U.S. Equities
Mahé, Seychelles, July 16th, 2025, ChainwireAster, the next-generation decentralized perpetual exchange (perp DEX) backed by YZi Labs, is once again pushing the frontier of DeFi innovation with the launch of a new asset type on Aster Pro: stock perpetual contracts. Traders can now gain leveraged, permissionless exposure to leading U.S. stocks including Amazon (AMZN), Apple (AAPL), Alphabet (GOOG), Meta (META), Microsoft (MSFT), NVIDIA (NVDA) and Tesla (TSLA), with more blue-chip names to follow. This makes Aster one of the few global perp DEXs to offer stock-based perpetual futures - giving users the power to diversify into equities without compromising on custody, privacy, or speed. 24/7 Trading of Stock Perps with up to 50x Leverage Unlike traditional brokers bound by red tape, limited trading hours, and custodial control, Aster delivers decentralized access to global equity markets 24/7, without requiring any intermediaries. Users can enter positions anytime, anywhere with up to 50x leverage - no signups, no paperwork, no gatekeeping. While liquidity may be lower outside of traditional U.S. stock market hours, as this reflects the current structure of global equity markets, traders are still able to manage smaller positions on Aster during this period. During Wall Street's active hours, Aster's deep liquidity pools kick in, offering smoother fills and efficient execution. With NASDAQ's plan for 24/5 trading in the near future, traders will get to experience longer trading hours on Aster with deep liquidity and smooth execution as well. 'Aster is about breaking down barriers whether that's asset types, market hours, or outdated trading infrastructures,' said Leonard, CEO of Aster. 'With decentralized stock perpetual contracts, we're opening the doors for crypto traders to access the biggest U.S. equities with the privacy and speed they deserve.' Deep Liquidity And Secure Pricing via Pyth Network Similar to other perpetual contracts on Aster Pro, Aster's stock perpetuals are derivative contracts that let traders speculate on the price of the underlying asset, without the need for real-world custody. Pricing data for these contracts is derived directly from Pyth Network, where an aggregated price is generated from active quotes contributed by multiple independent publishers. This ensures reliable and tamper-resistant feeds for stock contracts and all other Aster perpetual contracts. Traders will also benefit from Aster's high-speed matching engine and integrated liquidity that have made Aster the global second perp DEX by trading volume. Whether traders are hedging a portfolio or betting on short-term moves, Aster stock perps offer unmatched versatility. For example, a user holding TSLA stock off-chain can short TSLA/USDT on Aster with leverage to hedge downside exposure in volatile markets - all without centralized intermediaries, using permissionless trading. Built for Traders, by Traders This launch marks a major milestone in Aster's mission to bridge traditional finance and DeFi without compromise. From a record-breaking first half of 2025 with over $58 billion in trading volume and the roll out of features like Aster Mobile app, to unveiling Hidden Orders, and Aster Chain Beta (a high performance ZK-powered L1 with privacy focus for perpetuals), Aster continues to elevate what DeFi can deliver with the launch of stock perpetual contracts. As the convergence of TradFi and DeFi continues to gain traction worldwide, Aster is leading the charge, combining the hallmark privacy and composability of DeFi with new asset opportunities. Users can start trading U.S. equities with crypto and leverage, with the freedom and flexibility that only Aster offers. About Aster Aster is a next-generation decentralized perpetual exchange built for everyone. It offers MEV-free, one-click trading for crypto with up to 1001x leverage in Simple Mode (BNB Chain, Arbitrum), and advanced tools including Hidden Orders, grid trading, and stock contracts in Pro Mode (BNB Chain, Ethereum, Solana, Arbitrum). Aster Chain is a high-performance blockchain engineered to deliver private and non-custodial onchain orderbook trading. Backed by YZi Labs, Aster is building the future of DeFi: fast, flexible, and community-first. Users can learn more at the Aster official website, or connect with Aster on the official X | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Scoop
16-07-2025
- Business
- Scoop
Tauranga City Council Postpones Decision On Water Services Delivery
Tauranga City Council has postponed its decision to confirm a preferred delivery model for future water services. While Council was expected to make a decision on Monday, it opted instead to leave the report on the table to allow time for further discussions with the community prior to making a decision. The decision comes after Thames Coromandel District Council signalled it wished to progress alongside Tauranga City Council and Western Bay of Plenty District Council in a multi-council CCO at the end of April when Tauranga City Council's public consultation had already concluded. Tauranga City Council Mayor, Mahé Drysdale says Council has been very open to working with any Council that provides mutually beneficial outcomes. 'Western Bay of Plenty District Council has always been our preferred partner, but we have had conversations with a number of councils and worked through different scenarios. 'Off the back of that scenario modelling, we now have two councils that we could progress with, Western Bay of Plenty District Council, whom we consulted alongside in April, and more recently Thames Coromandel District Council.' 'The involvement of Thames Coromandel District Council is a relatively recent development and before making a decision, and moving to due diligence, we need to update our community about our potential new partner and ensure the community is fully informed,' Mahé says. 'Although a delay could compress the time required for submitting a Water Services Delivery Plan by 3 September, it is important that we get this right." 'We look forward to continuing to engage with all of our people and appreciate any feedback on how we can make Tauranga better.' A decision on Council's preferred delivery model is now expected on 5 August 2025. If a multi-council CCO was preferred, Council would also need to approve a Commitment Agreement, which would allow councils to work together and undertake a due diligence process that assesses a joint operating model. The establishment of any multi-council CCO would be subject to all parties being satisfied with the outcomes of the due diligence process, and any council could choose to withdraw if it was dissatisfied with its findings. Te Awanui Ward Councillor Hēmi Rolleston says it was appropriate to postpone the decision. 'This is one of the most important decisions this Council will make. Therefore, to leave this decision for a further three weeks is a practical decision, based on feedback from Iwi that they require more time, particularly with the relatively late inclusion of Thames Coromandel District Council.' Community event The Mayor and Councillors will be holding an information and Q&A session with the community about Local Water Done Well on Thursday, 24 July from 5-6pm at the University of Waikato in the Te Manawaroa Room. Free parking will be available from 4.30pm on the day at the council parking building on Spring Street. Notes: Local Water Done Well is the New Zealand government's plan to reform how water services are managed and to tackle the country's significant water infrastructure challenges. During public consultation in April 2025 a total of 726 people provided submissions addressing 'Why wai matters: Local Water Done Well', via council's online submissions form.
Scoop
14-07-2025
- Business
- Scoop
Review Of Local Government Sector Proposed
A proposed review of current local government arrangements is set to be voted on at the Local Government New Zealand (LGNZ) Annual General Meeting on Wednesday, 16 July 2025. The proposal is part of a remit submitted by Tauranga City Council, with support from other metropolitan mayors, and is focused on increasing efficiencies across the local government sector and reducing costs for ratepayers. Tauranga Mayor Mahé Drysdale says that since taking office in August last year, it's become clear that structural inefficiencies exist across the local government sector and with some key central government legislation changes now underway, it's timely that thought be given to how we can do things better. 'In my view, we need a local government system which delivers services and infrastructure more efficiently and effectively, while maintaining democratic local decision-making and action by, and on behalf of communities,' says Mahé. 'There are currently 78 territorial authorities in New Zealand, many of which are in close proximity, that duplicate the infrastructure, people and equipment needed to provide essential services.' Mahé says this is an important issue for local government. 'As the sector responds to the current central government policy and legislation reforms, we need to be proactive and lead the change required. 'I believe it's opportune for LGNZ to work with central government and councils to examine whether our current model is fit-for-purpose now, and for the foreseeable future. 'Local decision-making and community identity remains key, but we need to look at ways to enhance efficiencies by capturing economies of scale and, ultimately, save our ratepayers money. 'It's very clear to me that we need change. We need to embrace it, stop talking and start acting for the benefit of our people.' Mahé says while this work is not currently part of LGNZ's work programme, engaging with local councils and central government will be essential to making progress with such a review. What is a remit? Remits are positions or policies put to a vote by LGNZ's member councils at its AGM, to be prioritised in its future work programme. Any remit needs the support of either an LGNZ zone, sector or any five councils. LGNZ reviews all proposed remits to ensure they meet the required criteria. In today's Tauranga City Council meeting, the Mayor and Councillors voted in support of all remits being put forward to the LGNZ 2025 AGM, to be held on Wednesday at Te Pae Convention Centre in Christchurch.
Zawya
11-07-2025
- Sport
- Zawya
President Ramkalawan Honours Mahé Skimmers Swimming Club Following Outstanding Performance at Mauritius Championships
President Wavel Ramkalawan welcomed members of the Mahé Skimmers Swimming Club to State House on Friday morning for a courtesy meeting, celebrating their exceptional performance at the Winter National Championships held in Mauritius from June 19-22, 2025. In a proud moment for the nation, a 24-member delegation of young athletes, accompanied by their parents, coach, and committee officials, was officially recognised for an outstanding performance at a high-profile regional competition, where they clinched a total of 108 medals, including an impressive 46 golds. During the meeting, President Ramkalawan congratulated the swimmers and commended their outstanding performance, which demonstrated strong will and competitive spirit. "These swimmers have given us hope, proving what can be achieved through hard work and the unwavering support of their parents," the President stated. The discussions focused on the athletes' experiences, highlighting personal bests achieved and new records established, showcasing the continuous improvement in their performance levels. As a gesture of appreciation, the delegation presented President Ramkalawan with a commemorative t-shirt and token, while the President gifted each member a small Seychelles flag as a symbol of motivation and continued success. Speaking to the local press after the meeting, Coach Mr. Barnsley Albert praised the high level of competition, noting that it has allowed the team to measure each athlete's progress according to their age group, with remarkable improvement demonstrated throughout the years. He particularly highlighted the strong performances of the Boys Under-12 and Girls 13-14 age groups. The presidential meeting holds special significance as the Mahé Skimmers Swimming Club prepares to celebrate its 10th anniversary, marking a decade of nurturing young aquatic talent in Seychelles. The club's success at the Mauritius Championships reinforces Seychelles' growing reputation in regional swimming competitions and demonstrates the potential of the local athletes as they prepare for upcoming major competitions including the CJSOI Games, World Championships, and World Junior Championships. Distributed by APO Group on behalf of State House Seychelles.
Scoop
26-06-2025
- Business
- Scoop
Tauranga City Council Annual Plan Balances Investment With Affordability
Tauranga City Council unanimously adopted its Annual Plan 2025/2026 yesterday – the first for the Council elected in July last year– and one that aims to balance investing in Tauranga's future with affordability. The Annual Plan outlines the organisation's work programme for the next financial year, which gives effect to dozens of new projects across the city. Tauranga Mayor Mahé Drysdale believes Council has struck the right balance between ensuring Tauranga continues to invest in the infrastructure the city requires, through a capital investment programme of $503 million, while keeping rates as affordable as it can. 'Our priorities were to achieve a balanced budget which invests in essential infrastructure, while also funding the depreciation on council assets so that they can be modernised or renewed when they reach the end of their useful lives,' says Mahé. 'During this process, we worked hard to identify $38 million worth of savings, resulting in an average rates increase of 9.9% for the year - just over two percent less than the increase we originally consulted on and less than the Long Term Plan 2024-34. 'Underlying every decision was a determination to ensure that all council projects and activities provide quality outcomes and real value for money for the people of Tauranga. That approach will continue throughout 2025/26 and beyond, as we look to deliver on this and future work plans.' Mahé says he and the councillors are very aware that any rates increase will add to the financial pressures many households are experiencing. 'Unfortunately, years of past underinvestment in our infrastructure and community facilities left us with some challenging choices. It is not prudent to keep kicking the can down the road – we need to deliver now to ensure a bright future for our city. 'Our opportunity now is to deliver on one of the biggest capital investment programmes our city has ever taken on, while cementing-in cost savings and continuing to provide the essential services our people need,' Mahé adds. 'While the budget is set, this is just the beginning of the journey. We will continue to look for further savings and ensure that every dollar spent drives real value for the community.' During consultation on the Draft Annual Plan 2025/26 and Local Water Done Well proposal in April, the mayor and councillors held more than 20 community events, received 968 submissions and 68 people spoke to their submissions at hearings. A decision on the preferred delivery model for water services, which was consulted on in parallel with the Annual Plan, is expected to be considered at the Council meeting on 14 July 2025.
