Latest news with #GSR
GSM Arena
2 days ago
- GSM Arena
Xiaomi MIX Flip 2 announced - same formula but better in every way
Ivan, 26 June 2025 Xiaomi kicked off its major announcement event today with the MIX Flip 2. There are no surprises here, after weeks of intentional teasers, we knew just how the flip-foldable would look and just how great it would be! Plum Green and Nebula Purple Available in four colors - Lattice Gold, Shell White, Nebula Purple, and Plum Green - and in three memory configurations - 12/256GB, 12/512GB, and 16GB/1TB. The phone's hinge is an innovative three-link, four-float plate structure, ensuring flat closing and as little crease as possible. Lattice Gold and Shell White The MIX Flip 2 looks very much like its predecessor, but it's better in just about every way. The cover screen now stretches further into its bezels and has grown by 0.1 inches. The folding screen is the same in diagonal at 6.86 inches. Both screens support the P3 wide color gamut, offer a 120Hz max refresh rate, and a peak brightness of 3,200 nits. The cover screen's touch sampling rate maxes out at 120Hz, while the inner one goes up to 300Hz. The MIX Flip 2 uses the Snapdragon 8 Elite SoC and features a dual vapor chamber design for cooling. While last year's Mix Flip had an impressive 4,780mAh battery pack, the MIX Flip 2 bumps the pack up to an even better 5,165mAh Xiaomi GSR. It takes 67W wired and 50W wireless charging. Moving on to cameras. Xiaomi dropped the 1x + 2x blueprint for the MIX Flip 2, and you get a 23mm f/1.7 wide angle with a 50MP 1/1.55-inch OV50E sensor, and a 14mm f/2.2 ultrawide with a 50MP sensor, autofocus, and 5cm macro capabilities. Upfront is a 32MP selfie camera with 4K video. The Xiaomi MIX Flip 2 ships with a USB cable, a two-piece case, and a 67W charger. Prices are CNY 5,999 (€715, £610, INR 71,600) for the 12/256GB model, CNY 6,499 (€775, £660, INR 77,600) for the 12/512GB, and CNY 7,299 (€870, £742, INR 87,000) for the 16GB/1TB model.
Business Insider
3 days ago
- Business
- Business Insider
GSR Launches Enhanced Systematic OTC Platform, Expanding FX Capabilities and Asset Coverage
London, United Kingdom, June 25th, 2025, Chainwire GSR, crypto's capital markets partner, today announced a major upgrade to its systematic over-the-counter (OTC) trading platform, expanding foreign exchange (FX) capabilities, improving execution quality, and broadening access to hundreds of digital assets. The upgraded platform introduces both a new user interface (UI) and an enhanced API, giving clients flexible access to GSR's liquidity across more than 200 digital assets and 25 fiat currencies. This development reflects GSR's mission to help founders and institutions scale with confidence by providing institutional-grade liquidity solutions that meet the demands of a rapidly evolving market. This upgrade further strengthens GSR's position as the bridge between traditional finance and cryptocurrency markets. 'This is a meaningful step forward in GSR's commitment to making digital asset trading infrastructure truly institutional,' said Jakob Palmstierna, President, GSR. 'With systematic OTC accessible through both our API and UI, we're enabling clients to engage with markets faster, more transparently, and with greater precision.' Key highlights of the upgrade include: Tighter, More Competitive Pricing: The upgraded platform delivers improved pricing across major crypto pairs, leveraging proprietary algorithms and liquidity from GSR's global network of counterparties. Institutional FX Integration: Clients now benefit from seamless crypto-to-fiat and fiat-to-fiat execution across more than 25 fiat currencies, with pricing aligned with traditional FX prime brokerage standards. Support includes large trade sizes, up to $100 million per trade or the equivalent in other currencies, with direct access to tier-one FX liquidity. Unmatched Breadth of Assets: Clients in approved jurisdictions can access hundreds of digital assets, including altcoins, stablecoins, and emerging tokens, across all trading combinations through both GSR's precision-built UI and robust API. This seamless access to over 200 assets makes it one of the most comprehensive OTC offerings in the industry. 'This addition to our product offering reinforces our commitment to delivering institutional-grade trading solutions across the digital asset spectrum,' said Kunal Mehta, Head of Trading, GSR. 'By combining deep liquidity, best-in-class FX capabilities, and extensive asset coverage, we're enabling our clients to trade smarter, faster, and more globally.' With over a decade of specialized expertise in digital assets, GSR delivers more than just execution; we offer deep market insight, strategic guidance, and tailored infrastructure to support growth at every stage. About GSR GSR is crypto's capital markets partner, delivering market making services, institutional-grade OTC trading, and venture backing to founders and institutions. With more than a decade of experience, we provide strategic guidance, market intelligence, and access to a global network to help teams scale. Users can visit for more information, including the General Terms of Business of Business, relevant disclosures, and GSR's trading terms. Contact GSR
Int'l Business Times
18-06-2025
- Business
- Int'l Business Times
BitVault Raises $2M from GSR, Gemini, and Auros to Launch BTC-Backed Money
Berlin, Germany, June 18th, 2025, Chainwire BitVault, a DeFi protocol aiming to redefine Bitcoin's role in stablecoin infrastructure, has announced the close of a $2 million pre-seed round. Strategic investors include GSR, Gemini, Auros, and Keyrock, among others—joining BitVault in building what it calls the "next era of BTC-backed money": an institutionally-aligned alternative to fiat-pegged stablecoins. The raise supports the launch of bvUSD, BitVault's overcollateralized stablecoin backed by Bitcoin derivatives, and sbvUSD, its yield-bearing variant powered by institutional trading strategies by GSR. BitVault will serve as a core stablecoin protocol on Katana, a new DeFi-first chain incubated by Polygon Labs and GSR prioritizing deep liquidity and user rewards, leveraging a licensed fork of Liquity V2 to enable permissioned borrowing, user-set interest rates, and automated liquidation infrastructure. 'Bitcoin was built for moments of fracture. BitVault was built to make it usable,' said Michael Kisselgof, Core Contributor of BitVault and VaultCraft. 'We specifically onboarded GSR, Auros, and Keyrock as strategic investors that can also execute high yielding, non-directional strategies to create demand and deep liquidity for BTC-backed money.' Stablecoins at an Inflection Point BitVault arrives amid rising demand for crypto-native stability in a fragmented global monetary environment. Unlike fiat-backed stablecoins like USDC or algorithmic options like Ethena's USDe, bvUSD is collateralized by BTC derivatives. Only whitelisted institutional borrowers can mint bvUSD in bulk, while anyone can mint bvUSD using stablecoins—mitigating risks associated with overleveraged or anonymous borrowing. DeFi users can earn yield by staking bvUSD into sbvUSD, which leverages delta-neutral and arbitrage strategies managed by GSR, a globally recognized crypto investment firm specializing in market making, OTC trading, and options.. "We're seeing growing interest in BTC-backed stablecoins, especially those designed to integrate seamlessly into DeFi ecosystems,' said Alain Kunz, Director from GSR, who participated in the round. 'BitVault's approach with experience in institutional-grade yield strategies positions it well for success. We're particularly excited about its deployment on Katana, a DeFi centric chain we helped incubate. BitVault adds to Katana's evolving ecosystem by introducing a new layer of stablecoin utility, enabling BTC to take on a more productive role within Katana's high-yield DeFi stack.' From Liquity to Katana BitVault is a friendly fork of Liquity V2, re-engineered for institutional use under a licensed deployment agreement with Liquity AG. The protocol blends automated, governance-free mechanisms with a permissioned borrowing layer, offering stability while retaining core DeFi primitives like direct redemption and composable yield strategies. Its upcoming VCRAFT token will govern future protocol parameters and serve as a rewards mechanism for stability providers and liquidity contributors. The launch on Katana, incubated by Polygon Labs and GSR, positions BitVault at the heart of an emerging liquidity and settlement network across the EVM chain. Initial integrations include Vault infrastructure, Morpho money markets, Sushi AMMs, and a multichain 'Bits' points campaign tied to VCRAFT distribution. What's Next BitVault is scheduled for mainnet deployment on Katana in June 2025, with broader integrations across DeFi ecosystems and centralized liquidity venues in the works. The team plans to expand its stablecoin suite to support additional BTC-based collateral assets and is actively onboarding institutional borrowers. About BitVault BitVault is a DeFi protocol that offers a crypto-native solution for money through its BTC-backed stablecoin, bvUSD, and a yield-bearing staked stablecoin, sbvUSD. The protocol is designed to provide an institutional-grade, capital-efficient stablecoin with user-set interest rates, multi-collateral backing, and enhanced liquidity mechanisms. For media inquiries or partnership information: press@ @BitVaultFinance Contact BitVault Team info@
Business Insider
18-06-2025
- Business
- Business Insider
BitVault Raises $2M from GSR, Gemini, and Auros to Launch BTC-Backed Money
Berlin, Germany, June 18th, 2025, Chainwire BitVault, a DeFi protocol aiming to redefine Bitcoin's role in stablecoin infrastructure, has announced the close of a $2 million pre-seed round. Strategic investors include GSR, Gemini, Auros, and Keyrock, among others—joining BitVault in building what it calls the "next era of BTC-backed money": an institutionally-aligned alternative to fiat-pegged stablecoins. The raise supports the launch of bvUSD, BitVault's overcollateralized stablecoin backed by Bitcoin derivatives, and sbvUSD, its yield-bearing variant powered by institutional trading strategies by GSR. BitVault will serve as a core stablecoin protocol on Katana, a new DeFi-first chain incubated by Polygon Labs and GSR prioritizing deep liquidity and user rewards, leveraging a licensed fork of Liquity V2 to enable permissioned borrowing, user-set interest rates, and automated liquidation infrastructure. 'Bitcoin was built for moments of fracture. BitVault was built to make it usable,' said Michael Kisselgof, Core Contributor of BitVault and VaultCraft. 'We specifically onboarded GSR, Auros, and Keyrock as strategic investors that can also execute high yielding, non-directional strategies to create demand and deep liquidity for BTC-backed money.' Stablecoins at an Inflection Point BitVault arrives amid rising demand for crypto-native stability in a fragmented global monetary environment. Unlike fiat-backed stablecoins like USDC or algorithmic options like Ethena's USDe, bvUSD is collateralized by BTC derivatives. Only whitelisted institutional borrowers can mint bvUSD in bulk, while anyone can mint bvUSD using stablecoins—mitigating risks associated with overleveraged or anonymous borrowing. DeFi users can earn yield by staking bvUSD into sbvUSD, which leverages delta-neutral and arbitrage strategies managed by GSR, a globally recognized crypto investment firm specializing in market making, OTC trading, and options.. "We're seeing growing interest in BTC-backed stablecoins, especially those designed to integrate seamlessly into DeFi ecosystems,' said Alain Kunz, Director from GSR, who participated in the round. 'BitVault's approach with experience in institutional-grade yield strategies positions it well for success. We're particularly excited about its deployment on Katana, a DeFi centric chain we helped incubate. BitVault adds to Katana's evolving ecosystem by introducing a new layer of stablecoin utility, enabling BTC to take on a more productive role within Katana's high-yield DeFi stack.' From Liquity to Katana BitVault is a friendly fork of Liquity V2, re-engineered for institutional use under a licensed deployment agreement with Liquity AG. The protocol blends automated, governance-free mechanisms with a permissioned borrowing layer, offering stability while retaining core DeFi primitives like direct redemption and composable yield strategies. Its upcoming VCRAFT token will govern future protocol parameters and serve as a rewards mechanism for stability providers and liquidity contributors. The launch on Katana, incubated by Polygon Labs and GSR, positions BitVault at the heart of an emerging liquidity and settlement network across the EVM chain. Initial integrations include Vault infrastructure, Morpho money markets, Sushi AMMs, and a multichain 'Bits' points campaign tied to VCRAFT distribution. What's Next BitVault is scheduled for mainnet deployment on Katana in June 2025, with broader integrations across DeFi ecosystems and centralized liquidity venues in the works. The team plans to expand its stablecoin suite to support additional BTC-based collateral assets and is actively onboarding institutional borrowers. BitVault is a DeFi protocol that offers a crypto-native solution for money through its BTC-backed stablecoin, bvUSD, and a yield-bearing staked stablecoin, sbvUSD. The protocol is designed to provide an institutional-grade, capital-efficient stablecoin with user-set interest rates, multi-collateral backing, and enhanced liquidity mechanisms. For media inquiries or partnership information: press@ Contact BitVault Team
North Wales Live
14-06-2025
- Automotive
- North Wales Live
I tried car with UK compulsory speed limiter and other drivers had plenty to say
All new cars sold in UK dealerships now have 'mandatory' speed limiters. It's due to a shake-up of rules by the European Union (EU). The EU has rolled out new ISA regulations under its General Safety Rule (GSR) - which stipulates the minimum safety standards required on vehicles and trailers. Despite the UK not adopting the EU's GSR, manufacturers based in Europe aren't removing ISA technology from UK-bound cars, meaning British drivers will be impacted by the changes. Motor vehicles can be retrofitted with three types of ISA: informative/advisory, supportive/warning and intervening/mandatory. Each one varies in the effect and power it has on the vehicle and driver. The least forceful one is informative/advisory ISA which simply flashes a warning sign on the dashboard or makes an audible gong. Then there's supportive/warning ISA which increases the upward pressure on the accelerator - but this can be overridden by holding down the pedal. The most forceful one is intervening/mandatory ISA, which limits the fuel injection inside the vehicle to stop a driver from speeding. ISA also works alongside GPS and traffic sign data, allowing it to know when to kick in. The move to include Intelligent Speed Assistance (ISA) in vehicles bound for the UK has sparked a mixed response from motorists. Some drivers see it as a welcome safety feature, while others fear it could strip them of the power needed to "get out of nasty accidents". A portion of motorists perceive it as an unwarranted interference with their driving autonomy. Although ISA is capable of capping a car's speed, it's been noted that cars headed for the UK will be equipped with a 'softer version', which I reckon is a sensible approach. From my perspective, the introduction of some form of mandatory ISA can be advantageous, but not to the extent where it encroaches on a motorist's liberty. Having personally tested a vehicle with a mandatory speed limiter on motorways, I can appreciate its intent. However, during my test drive, a minority of drivers were less than pleased. On a couple of occasions, frustrated drivers closed in on my tail as I maintained the legal speed limit. With either a dashboard notification or added resistance to the accelerator pedal, it might encourage drivers to think twice about exceeding speed limits. In peak traffic times, ISA could help reduce congestion by deterring motorists from speeding and following too closely.
