Crypto Intelligence

As technology moves beyond screens and into the physical world, augmented reality (AR) and artificial intelligence (AI) are rapidly reshaping digital experiences. Seek Protocol is developing an ecosystem where AI-powered AR meets blockchain; creating interactive, real-world engagement through innovative technology.
Built on Solana, the protocol is designed to handle real-time AI interactions, geofenced digital assets, and on-chain gaming mechanics. Unlike conventional AR applications, Seek Protocol is not just about visualization, but it transforms environments into interactive digital layers, where users can collect tokenized assets, complete AI-generated quests, and engage with adaptive gaming mechanics.
“Imagine walking through a city and your AI agent guides you to hidden locations, sets up personalized challenges, and even rewards you with tokenized assets for exploring. That’s the kind of forward-thinking technology and dynamic user interaction we’re bringing to Web3.” - Don Reijke, founder of Seek Protocol. 

AI and AR: Taking Web3 Gaming to the next level
The intersection of AI, blockchain, and gaming is one of the fastest-growing sectors in Web3. As major players in AI integration, such as OpenAI, Nvidia, and Google DeepMind, continue advancing machine learning models, the question arises: How will AI enhance blockchain-based experiences?
Seek Protocol answers this by creating real-time AI assistants that engage users in an interactive AR setting. Unlike traditional AI chatbots, SeekAI functions within an augmented reality framework, enabling users to:
Interact with their environment in real time, analyzing surroundings to provide adaptive guidance.Adjust difficulty levels based on user behavior.Generate AI-powered challenges that evolve dynamically.Enable tokenized interactions that bridge physical and digital economies.
This level of real-time AI interactivity in blockchain gaming is an untapped market. With major tech companies investing in AI-driven augmented reality, Web3 is on the verge of a paradigm shift. Seek Protocol is positioning itself at the center of that transformation.
SeekAR: More Than Just AR Gaming
Most AR applications in gaming stop at visual overlays, but SeekAR transforms real-world environments into interactive digital landscapes. Powered by AI and blockchain, SeekAR creates an experience where players don’t just view AR elements, they interact with them dynamically.
With SeekAR, users can:
Scan real-world locations to reveal blockchain based assets.Engage AR challenges that change based on movement and surroundings.Unlock tokenized rewards by physically exploring and interacting with augmented objects.
Unlike previous AR-based experiences like Pokémon GO, SeekAR isn’t just a gamified map overlay. It’s an interactive digital layer where blockchain and AI work together to create a customized and evolving user experience.
“The combination of AI and AR isn’t just enhancing gameplay. It’s fundamentally changing how people interact with digital environments. Seek Protocol isn’t about static rewards or scripted quests. It’s about an AI that dynamically responds to users, shaping their journey in real time.” - Lukas Novotny, COO of Seek Protocol.
Blockchain’s Role in Tokenized AR Environments
A core issue with AR-based applications has always been monetization and interoperability. Seek Protocol solves this through blockchain tokenization, allowing users to earn and trade digital assets from real-world interactions.
This opens opportunities for Web3 projects, Web2 brands and game developers to:
Launch geofenced token rewards.Create fully interactive, on-chain gamification mechanics.Expand engagement by embedding digital economies into physical spaces.
This model introduces a scalable way for Web3 projects to gain visibility, as digital rewards and interactive AI experiences bridge online communities with real-world engagement.
“For brands and game developers, this means the ability to engage users in a way that feels natural and interactive. Whether it’s placing rewards at real-world locations or integrating AI-driven NPCs into AR environments, Seek Protocol is redefining user engagement in Web3.” Lukas Novotny, COO of Seek Protocol

Solana Integration and Strategic Timing
Seek Protocol is built on Solana, known for its high-speed, low-cost transactions, which is an essential requirement for an ecosystem that relies on real-time AI interactions and seamless AR experiences. The protocol demands an infrastructure that can handle:
Instant AI-driven responses: Whether it’s generating challenges, adapting gameplay or processing rewards, Seek Protocol requires a blockchain capable of confirming transactions in fractions of a second.Geolocation-based transactions: AR-enhanced digital assets and rewards must be processed efficiently as users engage with real-world locations.Scalability for Web3 gaming: With Solana’s growing adoption in blockchain gaming and AI-powered applications, it provides the ideal framework for large-scale, high-performance decentralized experiences.
Additionally, the launch of SeekAR strategically coincides with the release of Solana’s Seeker Phone. A highly anticipated hardware rollout aimed at enhancing Solana’s mobile-focused infrastructure. By aligning with this launch, Seek Protocol positions itself at the forefront of the next wave of Web3 innovation, leveraging Solana’s expanding user base to drive exposure, adoption and long-term growth.
The Road Ahead for AI-Powered AR in Web3
Seek Protocol is part of a broader movement toward a more intelligent, interactive Web3. One where users don’t just own digital assets but actively engage with them in an AI-enhanced physical environment.
This isn’t just about placing digital objects in AR. Seek Protocol’s AI engine adapts in real time, making every experience dynamic and personalized. Whether it’s discovering tokenized rewards, interacting with AI-driven NPCs or unlocking location-based quests, the technology transforms the world into an interactive digital layer.
As AI, AR, and blockchain continue to converge, Seek Protocol is emerging as one of the most forward-looking applications of decentralized technology. By transforming the physical world into an interactive, tokenized landscape, it is paving the way for the next era of Web3 adoption.
“We see a future where AI and AR seamlessly integrate into daily life. Not just for gaming, but for commerce, social interaction and discovery. The combination of AI-driven engagement and blockchain-powered ownership will define the next era of Web3.” - Don Reijke, founder of Seek Protocol.

The UK High Court has seen a significant development in the OneCoin fraud case as claimants have completely withdrawn all allegations against BE Club co-founders Moyn and Monir Islam, including lifting a previously imposed worldwide freezing order. All allegations were withdrawn without financial settlement.

The resolution in the case (Case: CL-2024-000213) was reached after the Islam brothers submitted evidence supporting their position that the allegations were unfounded. Unlike typical settlements, this one concluded without any financial payment from the Islam brothers to the claimants.   

Instead, the claimants have agreed to contribute to the legal costs incurred by the Islam brothers in defending themselves against these allegations. This development brings closure to a case that had significant implications for the brothers' business reputation and personal lives.  
"For years, misinformation surrounding OneCoin has affected my reputation, including allegations of dishonesty, fraud, and fleeing the UK. This resolution shows we have been telling the truth. We've been unfairly targeted, and this is a vital step in setting the record straight," said Moyn Islam. His brother Monir added, "This resolution is not only a victory for us but also for the principles of justice."   
Jennifer McAdam, a key member of the Claimant group's steering committee, has also released official statements available on Facebook, X (previously Twitter), and Instagram confirming the withdrawal of claims. This resolution was made public on January 25, 2025.
Moyn and Monir Islam were small-scale UK investors who themselves lost money to the OneCoin fraud. They held no leadership roles in OneCoin's operations or management, and once their suspicions grew about the scheme, they actively sought to warn others.   

The brothers’ business ventures, including Melius - later rebranded as BE Club - have been misrepresented. Additionally, some critics have wrongly alleged that Moyn and Monir Islam fled to Dubai after the collapse of the scheme, despite clear evidence showing their move was a strategic business decision that took place gradually over several years.  
The resolution includes a binding agreement preventing any future OneCoin-related claims against the Islam brothers. The brothers were represented by separate law firms, which have put out statements on the resolution: Enyo Law & Peters & Peters.  
OneCoin was a cryptocurrency scheme that defrauded investors of approximately $4 billion before its founder disappeared in 2017.   

FORT LAUDERDALE, Fla., Feb. 18, 2025 /PRNewswire/ — March 25-27, 2025 – The world’s largest Bitcoin mining conference is back and bigger than ever! Mining Disrupt 2025 will take over the Broward Convention Center for an unforgettable two-day experience of innovation, networking, and industry-shaping discussions.

This 7th edition of Mining Disrupt promises to be our most exciting yet, with miners, innovators, investors, and blockchain enthusiasts from around the globe coming together to shape the future of Bitcoin mining.

What’s Happening at Mining Disrupt 2025?

World-Class Speakers – Industry leaders and disruptors sharing their insights on Bitcoin mining, blockchain, and finance.

Expert Panels & Discussions – Key topics include:

The latest mining hardware & software advancements

The energy debate: Tackling sustainability in mining

Bitcoin mining’s role in the global economy

Massive Expo Hall – 200+ exhibitors showcasing ASICs, cooling systems, renewable energy solutions, and software tools.

Bitcoin Mining Museum – Explore mining history with rare rigs, iconic artifacts, and milestones.

Networking Opportunities – Connect with industry leaders, sponsors, and fellow miners through lounges and casual meetups.

Epic Parties & Side Events – Start with our exclusive Pre-Party on March 25th at the Seminole Hard Rock Casino, plus two side events to keep the energy going.

Who’s Attending? Mining Disrupt 2025 will feature top companies and brands, including Bitmain, Canaan, Genesis Mining, Foundry, and more, all showcasing the latest advancements and forging new partnerships.

Tickets & VIP Perks: 

General Pass – Full access to keynotes, panels, expo, and networking events.

VIP Pass – Includes everything in the General Pass, plus VIP Lounge access with free food & drinks.

Whale Pass – Premium networking, backstage access, and a private lounge for VIPs and industry leaders.

Get your tickets now!

 – Bitcoin and crypto payments accepted!

About Mining Disrupt

Since 2018, Mining Disrupt has been the #1 Bitcoin mining conference, drawing attendees from 50+ countries. Whether you’re a seasoned miner, an investor, or just Bitcoin-curious, this is the place to be.

Got questions? Want to sponsor? Reach out to us at miningdisrupt.com/contact.

See you in Fort Lauderdale!

Road Town, BVI, February 19th, 2025, Chainwire

Diffuse, a zkServerless protocol, has announced a strategic collaboration with Symbiotic ecosystem to implement Collateral Abstraction, a groundbreaking approach set to revolutionize decentralized finance (DeFi). This partnership aims to unlock the untapped potential of assets locked across various Layer 1 and Layer 2 networks, enhancing capital efficiency and introducing a new DeFi primitive.

Currently, a significant amount of assets is locked in Uniswap V3 liquidity pools alone. While these assets facilitate liquidity provision for Automated Market Makers and lending protocols, their potential for generating additional yield remains underutilized. Through this collaboration, these assets can be utilized in restaking and shared security protocols, potentially generating additional yield while maintaining their current risk profile.

Collateral Abstraction, a concept introduced by Symbiotic, enables these assets to participate in restaking and shared security protocols, potentially increasing yield while maintaining a comparable risk profile. With Diffuse’s zkServerless technology, the implementation of Collateral Abstraction becomes both practical and scalable, ensuring trustless operations across multiple blockchain networks.

About Diffuse

Diffuse is a zkServerless protocol dedicated to redefining trustless interoperability in Web3. By leveraging advanced cryptographic techniques and decentralized technologies, Diffuse aims to create scalable, secure, and efficient solutions for the evolving DeFi landscape.

For more information, users can see Diffuse’s X (formerly Twitter) and visit Diffuse’s official website.

About Symbiotic

Symbiotic is a pioneering platform focused on enhancing capital efficiency in DeFi through innovative concepts like Collateral Abstraction. By enabling the utilization of a wide variety of collateral types for securing AVS networks, Symbiotic is set to create new DeFi primitives that drive the industry forward.

Users can see Symbiotic’s X and visit Symbiotic’s official website.

Contact

CEOVadim [email protected]

1.  DigiFT is collaborating with Invesco to offer a tokenized solution for accredited and institutional investors on DigiFT Singapore’s platform to get access to one of Invesco’s private credit strategies.

2.  It is the first and only token out of Singapore with daily trading that offers access to a private credit strategy. 

SINGAPORE, Feb. 19, 2025 /PRNewswire/ — DigiFT, a licensed on-chain exchange in Singapore is delighted to announce that the platform will offer a DigiFT token which will invest in Invesco’s private credit strategies.

DigiFT’s tokens will be available to accredited and institutional investors via DigiFT and accepts subscriptions and redemptions in fiat currencies like USD, and stablecoins like USDC and USDT. The strategy targets to provide a high level of current income, consistent with the preservation of capital, by investing primarily in senior secured loans to companies with stable operating profiles, dependable cash flow generation and strong asset coverage. 

According to RWA.xyz, private credit is the most popular alternative asset class, accounting for 68% of tokenized real-world assets, outpacing even tokenized US Treasury Securities like T-Bills. This trend could continue as US Treasury rates are expected to come down from recent highs.

As RWAs continue to grow in popularity, DigiFT aims to be the preferred partner to leading institutional players. DigiFT was also recently appointed as an authorized distribution partner for another global asset manager in launching their first tokenized money market fund.  

“We believe that working with the best teams, to bring the best in-class assets on-chain is more important than being the first to market. To bring truly institutional-grade assets on-chain requires nothing less than having the best partners in the business like Invesco,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT. 

“On the back of rapid developments in distributed ledger technology, fund tokenization is one of the most remarkable trends. Many advantages of this innovation are finding a new home in the asset management space, transforming the industry. We are excited that an innovative platform like DigiFT is offering this solution, opening up more investment opportunities for investors,” said Noelle Lim, Invesco’s CEO of Singapore and Head of Private Banks, Asia ex Japan. 

DigiFT has also partnered with custodians like Copper, Komainu, Rakkar, and Zodia to provide seamless access to its tokenized RWAs for Web3 asset managers and owners such as hedge funds, buy-side trading firms, and DAO treasury managers. 

DigiFT is actively seeking to partner with more issuers, DeFi protocols, dApps, and other Web3 protocols to enable users across different blockchains to access institutional-grade RWA yields on-chain. 

About DigiFT (www.digift.sg) 

DigiFT is the first regulatory-compliant exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore as a Recognised Market Operator and Capital Markets Services provider. DigiFT enables asset owners, particularly financial institutions, to issue blockchain-based security tokens that investors can trade with continuous liquidity using an Automated Market Maker (AMM). 

About Invesco 

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.  

Disclaimer: DigiFT and/or its subsidiaries endeavour to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon information contained on this article. Before making any investment decision, please seek independent legal and financial advice.  

Bitcoin’s price action is showing similarities to August 2023, with on-chain data indicating that extreme volatility may be imminent. CryptoQuant’s research suggests that BTC/USD is “ready” for a significant move after a prolonged period of stagnation.

Choppiness Index Signals Incoming Volatility

Bitcoin has been trading within a narrow range with declining volumes, a setup that often precedes a major price movement. CryptoQuant contributor Percival highlighted the Choppiness Index, which currently sits at 62 on the daily chart and 72 on the weekly chart, indicating the need for a directional breakout.

“In 2023, before the uptrend, price cleared all traders of ‘boring’ positions in the opposite direction due to low volatility,” Percival noted. This suggests that another liquidity grab could be on the horizon before a decisive move.

Key Price Levels and Support Zones

Should BTC’s price follow a similar trajectory as August 2023, investors should watch critical support levels. The short-term holder (STH) cost basis at $92,000 is one area of interest, while the 200-day exponential moving average (EMA) at $85,000 serves as a key fallback level.

“The possibility of false moves before the bull run is strong, many breakout traders are positioned in these zones, and the sovereign market tends to blow up these positions and return to the expected course,” Percival concluded.

With traders bracing for a major shakeout, Bitcoin’s next move could define the trajectory of the broader crypto market in the coming months.

FTX Digital Markets, the Bahamian division of the collapsed FTX exchange, is set to issue its first round of repayments to creditors on Feb. 18. This marks a major development in the crypto industry’s recovery following FTX’s near $9 billion collapse.

The exchange’s downfall led to a series of insolvencies and the longest crypto winter in history, with Bitcoin bottoming at $16,000. Now, creditors owed less than $50,000 in claims will receive repayments, marking a critical step toward financial resolution.

$1.2 Billion in Capital Reintroduced to Market

According to Sunil, a member of the FTX Customer Ad-Hoc Committee, the first batch of repayments will amount to an estimated $1.2 billion. This could positively impact market liquidity and investor sentiment.

Bitget Wallet’s COO Alvin Kan noted, “The $1.2 billion repayments may see a significant portion reinvested into cryptocurrencies, potentially impacting market liquidity and prices.”

Controversy Over Repayment Valuation

Despite the positive impact, some creditors have criticized the repayment model, which bases reimbursements on cryptocurrency values from November 2022—when Bitcoin was trading nearly 370% lower than current prices.

Limited Market Impact, But a Victory for Justice

While these repayments may not significantly move the market, they represent an important step toward restoring trust in the crypto industry. Magdalena Hristova, PR manager at Nexo, stated:

“The collapse impacted many investors and cast a shadow over crypto. For retail investors, especially those without diversified portfolios, these repayments offer not just the return of funds but a sense of stability and peace of mind.”

Ether reserves across centralized exchanges have dropped to their lowest levels in nearly nine years, reinforcing optimism that the market may have reached a bottom. According to CryptoQuant data, Ether reserves across all exchanges fell to 18.95 million on Feb. 18, a level last seen in July 2016 when ETH was trading at approximately $14.

A declining Ether supply on exchanges often suggests an impending price rally due to a “supply shock.” This occurs when strong buying demand meets a decreasing available supply, potentially driving ETH prices higher.

Investors Move ETH to Cold Storage

The diminishing Ether supply indicates that investors are transferring their ETH holdings to cold storage for long-term security rather than preparing for short-term sales. Nicolai Sondergaard, a research analyst at Nansen, considers this trend “generally bullish,” noting a similar pattern for Bitcoin.

“We are seeing similar trends for BTC, which makes me think if we a) are seeing demand outpaces supply and, or, b) is this a natural shift toward self-custody and cold storage,” Sondergaard told Cointelegraph.

Resistance and Potential for Breakout

Despite this bullish indicator, Ether still faces significant resistance at $2,750 and $2,800. CoinGlass data suggests that a breakout above $2,800 could trigger liquidations of over $822 million in leveraged short positions, potentially accelerating an uptrend.

Ether ETFs Could Tighten Supply Further

Another key factor influencing ETH’s future price is the potential approval of staking for Ether exchange-traded funds (ETFs). Marcin Kazmierczak, co-founder at Redstone, believes this could significantly tighten Ethereum’s liquid supply, enhancing its appeal as an investment asset.

“The potential introduction of staking ETFs could be a game-changer, further tightening Ethereum’s liquid supply and reinforcing its value proposition as a prime investment asset,” he stated.

Zug, Switzerland, February 18th, 2025, Chainwire

SingularityNET has announced a partnership with Mind Network to launch the ASI Hub, a decentralized solution to enhance AI security and verifiable randomness. Using Fully Homomorphic Encryption (FHE), the ASI Hub addresses critical challenges in decentralized AI including secure agent identification and tamper-proof randomness.

The ASI Hub is a major breakthrough in decentralized AI that leverages Mind Network’s FHE technology to generate cryptographically secure trust for AI services while ensuring privacy protection. This enables AI entities to establish verifiable trust without compromising sensitive data.

Additionally, the ASI Hub introduces onchain verifiable randomness, a crucial component in AI training and algorithmic decision-making. Through eliminating external manipulation risks, this solution guarantees fairness and transparency in decentralized AI systems.

Dr. Ben Goertzel, CEO of ASI and CEO of SingularityNET, stated: “Fully Homomorphic Encryption has the potential to serve as a core component of decentralized AI, guiding us toward a reality where privacy and innovation evolve hand in hand. By partnering with Mind Network and rolling out the ASI Hub, we’re taking another important step to explore how FHE can be woven into AI ecosystems to support synthetic intelligence to be free, secure, and mathematically brilliant.”

Christian Pusateri, CEO of Mind Network, added: “We’re excited to partner with SingularityNET to introduce the ASI Hub, addressing two critical challenges in decentralized AI: secure agent identification and verifiable randomness. Cryptographically verifiable AI agent identities are vital in ensuring tamper-proof, on-chain randomness for AI training, governance, and decision-making. This collaboration marks a significant advancement in establishing a privacy-first decentralized AI ecosystem.”

A key initiative of the Artificial Superintelligence Alliance (ASI), which includes SingularityNET, Fetch.AI, Ocean Protocol, and Cudos, the ASI Hub is another step to explore the integration of FHE-based authentication with cryptographically secured randomness. This dual approach fortifies AI services against impersonation and ensures tamper-resistant decision-making. It also enables privacy-first, verifiable trustworthiness that is critical in decentralized AI networks.

As part of its ongoing development, Mind Network has launched Pre-TGE Wave, a series of initiatives to engage AI-focused communities ahead of its Token Generation Event. This includes the rollout of AI Agent asset support, allowing Fetch.AI (FET) token holders to participate in the ASI Hub and earn claimable vFHE incentives; accessible to FET Tokens on Ethereum and BNB Chain. The listing of FET token on Mind Network’s platform will be available from February 18th 15:00 PM UTC and the ASI Hub will be available from Feb 20 09:00 AM UTC. Participants can seamlessly join by holding Ethereum or BNB Chain FET tokens, connecting their wallets via the Mind Network dApp, and redeeming vFHE rewards.

By integrating AI solutions with FHE-powered randomness, the ASI Hub establishes a trustless, privacy-first infrastructure for decentralized AI ecosystems. SingularityNET’s collaboration with Mind Network will resolve traditional randomness challenges while advancing the adoption of secure AI solutions.

Learn how to participate in the ASI Hub on Mind Network here: https://singularitynet.io/updates/blogs/ 

About SingularityNET

SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). An AGI is not dependent on any central entity, is open to anyone and is not restricted to the narrow goals of a single corporation or even a single country. The SingularityNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. Our core platform and AI teams are further complemented by specialized teams devoted to application areas such as finance, robotics, biomedical AI, media, arts and entertainment.

Learn more: https://singularitynet.io/

About Artificial Superintelligence Alliance

The Artificial Super Intelligence (ASI) Alliance is a collective formed by Fetch.ai, SingularityNET (SNET), Ocean Protocol and CUDOS. As the largest open-sourced, independent entity in decentralized AI research and development, this alliance aims to accelerate the advancement of decentralized Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence (ASI). 

Learn more: https://superintelligence.io

About Mind Network

Mind Network is pioneering FHE Infra for a Fully Encrypted Web. Innovating FHE to empower universal end-to-end encryption for the whole industry, starting with AI, modular chains, gaming, asset management, and DePIN. Mind Network offers unique solutions to ensure data security, consensus security, and transaction security across key domains.

Mind Network is backed by notable investors including Binance Labs, Cogitent, Hashkey, Animoca Brands, Chainlink, and has received two Ethereum Foundation Grants for its FHE research. Partnering with industry leaders like Zama, Mind Network is building a fully encrypted infrastructure, committed to realizing the vision of HTTPZ for the next generation internet.

Learn more: https://www.mindnetwork.xyz/ 

Contact

Avishay [email protected]

CryptoAutos, a pioneer in the Real-World Asset (RWA) space, has acquired a fleet of vehicles worth $20 million in Dubai, marking a significant step forward in bridging digital assets with physical assets. This acquisition underscores CryptoAutos’ commitment to redefining vehicle ownership and investment through blockchain technology. 

Bringing RWAs to the Forefront 

Real-World Assets (RWAs) have become one of the most promising narratives in blockchain, enabling users to tokenize, trade, and invest in physical assets seamlessly. By purchasing a fleet of high-value vehicles, CryptoAutos is proving that tokenization is not just theoretical—it’s a tangible, scalable business model that unlocks new liquidity and accessibility for digital asset holders. 

“Acquiring real-world assets and making them accessible through tokenization is at the core of what we do,” said Waqas Nizam, Founder of Crypto Autos. “This $20M fleet acquisition is another step towards enabling individuals to leverage their digital assets in meaningful, practical ways. Let’s put it into perspective – we’ve spent $20M on this fleet, this is significantly more than the majority of RWA projects have managed to raise.” 

CryptoAutos success is backed by its $60,000,000 and $7,500,000 raised over multiple funding rounds. 

How It Works 

CryptoAutos will create investment opportunities in its fleet, allowing users to potentially earn yield in USDT from both the rental and sales of its luxury vehicles. Investors will benefit from an estimated annual rental yield of $15,000,000, making this a lucrative real-world asset-backed investment. 

Through CryptoAutos’ platform, users can: 

Invest in fractional ownership of high-value vehicles. 

Receive potential rental-based earnings.

Gain exposure to the appreciation and resale value of exotic cars. 

By combining the efficiency of blockchain with real-world revenue streams, CryptoAutos ensures that digital asset holders can participate in a stable, high-yield investment model. 

Dubai as a Strategic Location 

Dubai has rapidly positioned itself as a global hub for blockchain innovation, offering a forward-thinking regulatory environment and a thriving luxury car market. CryptoAutos’ decision to establish a stronghold in Dubai aligns with the region’s growing adoption of crypto-backed investments and digital finance.

“With its progressive stance on blockchain and finance, Dubai is the perfect location for our first acquisition,” added Waqas. “The city provides the ideal ecosystem for RWAs to flourish, and we are excited to drive this movement forward.” 

Luxury Fleet Key Features

CryptoAutos’ newly acquired fleet consists of some of the world’s most sought-after high-performance vehicles, including: 

Lamborghini 

Huracan EVO 

Huracan EVO Black 

Huracan Tecnica 

Aventador 

Urus 

Urus Mansory 

Ferrari 

Purosangue 

296 GTB 

F8 Spider 

Roma 

Portofino 

Mercedes-Benz 

G63 AMG 

G63 AMG Brabus 

G63 AMG Rocket 

G63 Green 

S680 White Matte 

E300 Black 

Porsche 

911 Carrera S 

911 Turbo S 

911 GT3 RS 

GT3 RS Yellow 

GT3 Mango/Nardo Grey 

Turbo S Silver 

Turbo Yellow 

McLaren 

720S 

Rolls Royce

Cullinan Black Badge 

Cullinan Mansory 

Dawn 

Ghost 

Bentley 

Flying Spur White 

Bentayga Mansory Grey 

Aston Martin 

DBX Black 

Land Rover 

Defender Black 

Range Rover SVR Black 

Other Notable Vehicles 

Nissan Patrol Grey 

Tesla Cybertruck 

This collection of supercars, luxury sedans, and high-performance SUVs positions CryptoAutos as a dominant player in the high-end vehicle market, offering both investment opportunities and access to world-class automotive experiences. 

The Impact of the $20M Fleet Acquisition 

This acquisition strengthens CryptoAutos’ ecosystem by: 

Enhancing Market Liquidity – Providing a new, tokenized investment avenue for users. 

Expanding Ownership Accessibility – Allowing individuals to participate in high-value vehicle markets without traditional barriers. 

Boosting Real-World Utility – Offering car enthusiasts and investors a seamless way to engage with luxury vehicles via blockchain. 

Future of Next for CryptoAutos

As the company continues its expansion, CryptoAutos is set to introduce additional asset-backed opportunities, further bridging the gap between Web3 and traditional industries. The latest acquisition is just the beginning of a broader strategy to integrate RWAs into everyday transactions, making digital asset usability more practical than ever before. 

More details will be revealed in the coming weeks and months as CryptoAutos continues to innovate and expand its offerings.

For more information, users can visit & follow CryptoAutos

About CryptoAutos 

CryptoAutos is an innovative platform leveraging blockchain technology to tokenize vehicle ownership and investment opportunities. By merging the digital asset ecosystem with the automotive industry, CryptoAutos enables users to access, buy, rent, invest in, and trade high-value vehicles seamlessly.

Washington, D.C., February 18th, 2025, Chainwire

Singularity Finance CEO Cloris Chen participated in a pivotal U.S. Senate roundtable alongside key senators and industry leaders to discuss the future of cryptocurrency regulation, taxation on digital assets, and AI-driven financial innovation. The discussion, joined by Senators Tim Scott, Cynthia Lummis, Bernie Moreno, Bill Hagerty, and Marsha Blackburn, provided key updates on legislative progress and explored solutions to make the U.S. more crypto-friendly.

The event was hosted by Senator Marsha Blackburn and Andrew Gordon, an attorney and Certified Public Accountant with extensive experience in cryptocurrency taxation and regulatory compliance. As part of his keynote, Gordon underscored the urgent need for taxation reform, stating: “For too long, the federal government has had its foot on the neck of the crypto industry. I’ve spent years helping individuals and businesses navigate the tax system, only to see innovation pushed offshore due to unclear and restrictive policies. This is not how it should be. Crypto is not just Wall Street—it starts with Main Street, with the builders, developers, and entrepreneurs who are laying the foundation for the future economy. We have a real opportunity to make change, and we must do our part—educate, vote, and advocate for policies that allow innovation to thrive in America.”

Legislative Progress

Senators shared significant updates on upcoming legislation impacting the crypto industry. Senator Tim Scott announced that a stablecoin bill, along with a broader market structure framework, is expected to pass within the next 100 days. This legislation aims to provide much-needed regulatory clarity for the industry.

Senator Cynthia Lummis detailed key tax reforms, stating that the proposed legislation will ensure that mining and staking rewards are not taxed until they are sold. Additionally, the legislation seeks to repeal the unworkable broker rule and introduce a $600 de minimis exemption for crypto transactions, simplifying compliance for everyday users.

Lummis also discussed the market structure bill, which is based on the Lummis-Gillibrand framework. The bill aims to reduce regulatory ambiguity and provide clear guidelines for the industry. It refines the Howey test to ensure that assets classified as commodities or securities maintain their status without arbitrary reclassification.

Cloris Chen on AI, Tokenisation, and Regulatory Barriers

Cloris Chen, CEO of Singularity Finance, highlighted the challenges of tokenised real-world assets (RWA) faced under current U.S. regulations. She emphasised the need for a clearer framework to integrate tokenised RWAs into the financial system without excessive compliance burdens.

“The U.S. needs to have a clearer framework on the security definition and establish a streamlined process to remain competitive. Our tokenised AI assets and Treasury bills cannot be offered to U.S. investors because they risk being classified as securities, which would require SEC registration. Given the complexity and unclear regulations, this process is both lengthy and expensive, making it economically unfeasible to serve U.S. investors. This isn’t just about one company—it’s about ensuring the U.S. doesn’t fall behind in the global shift toward tokenised and AI-enhanced finance.” 

About Singularity Finance

Singularity Finance is the first AI-centric EVM-compatible L2 blockchain bringing the AI economy on-chain. It offers a fully compliant RWA tokenisation framework to tokenise and monetise the AI value chain in its entirety. Stemming from the SingularityNET ecosystem and closely tied to the Artificial Superintelligence Alliance, Singularity Finance is poised to become the financial chain for everything AI.

Website: https://www.singularityfinance.ai/

Contact

Market [email protected]

The Asset Operating System, aOS, unlocks global capital markets with intelligent, self-executing assets.

NEW YORK, Feb. 18, 2025 /PRNewswire/ — Platonic today introduced aOS, a groundbreaking blockchain-native infrastructure that transforms static financial assets into programmable, AI-linked instruments capable of autonomous execution across markets. This innovation unlocks any asset to transact seamlessly, optimize value, and settle instantly—without manual intervention.

“The future of finance is autonomous, intelligent, and borderless,” said Violet Abtahi, CEO of Platonic. “We are architecting a world where value flows like information—aOS is the connective tissue of finance, enabling traditional institutions to participate in the digital-first economy, unlocking $400 trillion in assets that remain static, inefficient, and underutilized.”

A New Era for Financial Markets

Tomorrow’s financial system will look vastly different from the one we know today. A single, global capital market will emerge—one where assets are intelligent and autonomous. Tokenized ownership, real-time settlement, and AI-linked management will dissolve cross-border barriers, unlocking unprecedented liquidity and accessibility. Platonic’s aOS provides the infrastructure to bridge legacy systems into this autonomous economy—transforming static assets into dynamic, revenue-generating instruments for a truly global marketplace.

The platform’s patented architecture combines AI-linked smart contracts, unique privacy channels, and seamless private and public blockchain interoperability to automate complex financial processes that currently require extensive manual intervention. Early pilot programs with major financial institutions have demonstrated dramatic reductions in operational cost and counterparty risk, with one project successfully automating nearly $400 billion in foreign exchange trades.

AOS: The Foundation for the Autonomous Economy

The opportunity is extraordinary: tokenized assets are projected to reach up to $16 trillion by 2030, and aOS is designed to unlock this immense potential. By bridging legacy systems with decentralized networks, aOS empowers institutions to lead the shift into the digital-first era.

“Imagine a future where private equities, real estate holdings, and even personal financial data become dynamic, revenue-generating instruments,” said Abtahi. “That future is closer than we think, and aOS is the catalyst making it a reality.”

About Platonic

Platonic is a leading innovator in blockchain-based financial infrastructure, transforming the way global markets operate. By harnessing AI, secure encryption, and decentralized technologies, Platonic builds the bridge between legacy systems and digital finance. Its groundbreaking solutions empower institutions to evolve, stay ahead of change, and embrace the digital economy—converging traditional and digital ecosystems into a single, unified global capital market driven by intelligent, self-executing assets.

For more information about aOS, visit platonic.io.

Media Contact: Neal Stein ZCorp PR +1 321.473.7407 [email protected]

As a leading player in the crypto gaming space, BC.GAME has launched an airdrop in the Solana ecosystem. The platform distributed 400 million $BC tokens, further expanding its presence in the blockchain space. BC.GAME was the first to airdrop tokens to Pump.fun users, offering them an opportunity to receive rewards ahead of other platforms.

Details of the Airdrop for Pump.fun Users

Since its launch in January 2024, Pump.fun has rapidly become one of Solana’s major meme coin creation and trading platforms. Meanwhile, an official airdrop has yet to be announced by Pump. fun, BC.GAME is stepping in with a larger, earlier airdrop plan to get ahead of the game.

A snapshot was taken of all Pump.fun addresses that completed at least 10 transactions between January 31, 2024, and February 13, 2025. These addresses were then ranked based on their absolute profit or loss during this period. The top 100,000 addresses were eligible to receive the airdrop, with rewards distributed as follows:

Top 1,000 users: 30,000 $BC each

Ranks 1,001 – 2,000: 25,000 $BC each

Ranks 2,001 – 10,000: 10,000 $BC each

Ranks 10,001 – 50,000: 4,000 $BC each

Ranks 50,001 – 100,000: 2,100 $BC each

In total, 400 million $BC tokens were distributed among 100,000 users. For further details, including a list of eligible addresses, users can check here.

Fair and Transparent Distribution Process 

BC.GAME’s airdrop was designed to prioritize fairness and transparency. By offering a “Provably Fair” distribution, with clear rules and publicly available addresses, the initiative ensured a fully transparent process. For verification and more details, a snapshot of the eligible airdrop addresses can be found at this link.

Commitment to Trust and Wealth Creation 

BC.GAME’s core philosophy is rooted in trust and wealth creation. This airdrop highlighted both principles by dedicating significant resources to a fair promotion that not only built trust but also fostered wealth for its users. The airdrop was expected to increase the number of holders and trading volume on Solana, growing the community to hundreds of thousands of users while boosting liquidity.

About BC.GAME 

BC.GAME is a premier crypto gaming platform, offering a wide variety of exciting games and the opportunity to win big in a secure, decentralized environment. With an unwavering commitment to fairness, transparency, and community engagement, BC.GAME quickly became one of the most trusted names in the blockchain-based gaming space.

BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, is pleased to announce its partnership with Figment Inc. (“Figment”), one of the world’s foremost blockchain infrastructure providers, for the launch of its Staker Protection Plan. This solution is designed to enhance transaction inclusion and state preservation, addressing a critical pain point for traders and end-users who demand greater certainty for their high-value and time-sensitive transactions. WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (“WonderFi”), a top digital asset company, will join as Figment’s first customer in the pilot program.

Partnership and Pilot Program Highlights

This collaboration underscores BTCS and Figment’s shared commitment to advancing the blockchain ecosystem by addressing critical challenges in wider adoption. With WonderFi’s participation, stakers on the WonderFi-owned Bitbuy and Coinsquare platforms will be the first to enjoy the benefits of the program. The pilot program is anticipated to go live on mainnet in March 2025 in connection with Ethereum’s Pectra update.

The Staker Protection Plan program is designed to deliver key benefits, including:

Providing end-users with greater confidence that their transactions will be included in a particular block.

Addressing complexities and heightened risks of high-value transactions in cross-chain and cross-venue operations, ensuring timely and predictable trading outcomes.

Optimizing staking rewards rate (SRR) for stakers through improved compliance and performance.

Stakers interested in participating in this solution, which is designed to meet applicable regulatory requirements and benefit from increased SRR can contact Figment’s customer success team. End-users seeking information about transaction execution and enhanced features can reach out to the BTCS team for more information.

Charles Allen, CEO of BTCS, stated: “By partnering with Figment and integrating WonderFi as the first participant, we are laying a strong foundation for staker empowerment and ecosystem growth. This partnership exemplifies our dedication to delivering solutions that foster revenue growth and operational excellence.”

Lorien Gabel, CEO of Figment, added: “At Figment, we are committed to driving innovation in blockchain infrastructure to enhance the Ethereum ecosystem and increase adoption. Our partnership with BTCS on this innovative solution demonstrates our dedication to addressing critical challenges in staking operations. By providing solutions that ensure fairness and enhance transaction inclusion, we are fostering a more reliable and fair network for all participants.”

Dean Skurka, CEO of WonderFi, stated: “Participating in BTCS’s Staker Protection Plan pilot is a natural extension of our commitment to innovation and growth. We believe that this program will not only enhance our validator operations but also increase revenue for our shareholders and ultimately, higher staking rewards to our customers. We’re excited to be at the forefront of initiatives that have the potential to redefine validator strategies.”

About BTCS

BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its Ethereum blockchain infrastructure operations. BTCS has honed its expertise in Ethereum network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Users can explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.

For more information, users can follow on:

Twitter: https://x.com/NasdaqBTCS

LinkedIn: https://www.linkedin.com/company/nasdaq-btcs

Facebook: https://www.facebook.com/NasdaqBTCS

About Figment

Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients and $15B in assets staked across asset managers, exchanges, wallets, foundations, custodians, and banks, to earn rewards on their digital assets. For more information, users can visit www.figment.io. Partnering with BTCS for the Staker Protection Plan exemplifies Figment’s dedication to innovation in the ecosystem and empowerment of stakers.

About WonderFi

WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products. With over $2.2B in assets under custody, WonderFi is well-positioned to service crypto participants on a global scale with trading, payments, and decentralized products, including purpose-built blockchains and non-custodial wallet applications. Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining applicable licenses. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust. As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.

For more information, users can visit www.wonder.fi

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws, including statements regarding our anticipated launch on mainnet and revenue growth. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with the Staker Protection Plan and launch as well as issues with Ethereum’s planned Pectra update, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2023, which was filed on March 21, 2024. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law.

BTCS Investor Relations:

Charles Allen – CEO

X (formerly Twitter): @Charles_BTCS

Email: [email protected]

Figment Contact:

Email: [email protected]

WonderFi Investor Relations:

Charlie Aikenhead

Email: [email protected]

Community-driven IP platform “Xross Road” and advanced AI technology provider “Allora Network” have formed a strategic partnership to accelerate business growth and success in the IP industry. Through this collaboration, the two companies will jointly develop next-generation AI x IP solutions leveraging AI technology to create a new dynamic between IP rights holders and the community.

Background and Purpose of the Partnership

While the IP (Intellectual Property) industry is rapidly growing outside of Japan, there is a need to update traditional management methods and development methods for a global audience due to the varying understanding of IP across cultures and legal frameworks. Xross Road aims to provide a platform where IP rights holders, fans, and creators can actively engage, and to fulfill this mission, it is building a new infrastructure utilizing AI and data analysis technology.

On the other hand, Allora Network offers innovative technology in AI prediction models and data analysis, supported by a global community of data scientists. Through this partnership, the two companies will leverage data analysis to enhance the IP market, create customized user experiences, detect IP misuse, and develop new markets using AI Agents-ultimately shaping the future of the IP industry.

Examples of AI Solutions Considerations Specific to the IP Industry:

Detection and Protection of IP Misuse: AI automatically detects IP infringement on and off the platform, strengthening rights protection.

Creation of New Markets by AI Agents: AI Agents, trained with IP characters, are deployed to create new revenue opportunities.

IP Market Data Analysis: AI analyzes consumer preferences and trends to support optimal content development and licensing strategies.

Customized User Experience for Customers: Personalized content and services are delivered using AI technology to enhance fan engagement.

Future Prospects

Xross Road aims to expand Japanese IP content into the global market while building stronger connections with fans. In collaboration with Allora Network, it will deliver innovative AI solutions and drive new value creation within the IP industry.

About Xross Road

Xross Road is a community-focused IP incubation and acceleration platform leveraging Web3 technology. Originally designed for Japanese IP fans, it aims to expand IP content globally. Xross Road is also strengthening its support for existing IPs and enhancing fan engagement, ushering in a new era for IP platforms.

Official website: https://xross-road.com

X (formerly Twitter): @xross__road

About Allora Network

Allora is a self-improving decentralized AI network. It enables applications to leverage smarter, more secure AI through a self-improving network of ML models. Combining innovations in crowdsourced intelligence, reinforcement learning, and regret minimization, Allora unlocks a vast new design space of applications at the intersection of crypto and AI.

To learn more about Allora Network, users can visit the Allora website, X, Blog, Discord, Research Hub, and developer docs.

Media & Business Inquiries

For media coverage requests or IP collaboration inquiries, users can contact:

extra mile Inc. Public Relations

e-mail: [email protected]

Official website: https://extramile.jp/en/

As of late 2024, twelve U.S. states have disclosed holdings in Strategy, formerly known as MicroStrategy, through their state pension funds or treasuries. Bitcoin analyst Julian Fahrer reported on February 17 that these holdings collectively amount to $330 million.

California Leads with Largest Holdings

Among the states, California has the highest exposure. The California State Teachers Retirement System holds 285,785 shares valued at $83 million, while the California Public Employees’ Retirement System owns 264,713 shares worth approximately $76 million.

California’s pension funds also have significant investments in Coinbase (COIN), holding over $155 million worth of stock.

Other Major State Investments

Florida’s retirement fund owns 160,470 shares of Strategy, valued at $46 million, while Wisconsin’s investment board holds 100,957 shares worth $29 million. Additionally, North Carolina, New Jersey, Arizona, Colorado, Illinois, Louisiana, Maryland, Texas, and Utah also have Strategy stock in their public investment portfolios.

Strategy’s Growth and Market Performance

Strategy, the largest corporate holder of Bitcoin with 478,740 BTC worth $46 billion, has seen its stock price surge by 16.5% in early 2025. Over the past year, its value has increased by an impressive 383%, significantly outperforming the broader crypto market’s 62% growth.

Following its rebranding to Strategy on February 5, the company has continued to position itself as a key player in Bitcoin-focused investments, attracting growing interest from institutional investors and pension funds.

Solana (SOL) has been one of the worst-performing cryptocurrencies over the past 24 hours, dropping 6.80% to $180.80 as of February 17. This decline stands in stark contrast to the broader crypto market’s 1.72% dip.

Link to High-Profile Rug Pulls

One major factor contributing to Solana’s struggles is its association with high-profile scams. A recent Bubblemaps investigation revealed that wallets linked to the fraudulent LIBRA token—associated with Argentine President Javier Milei—were also behind the Melania (MELANIA) memecoin, promoted by former U.S. First Lady Melania Trump.

The same wallet, labeled “0xcEA,” played a pivotal role in both scams, generating millions in profits through market manipulation and crosschain fund transfers.

Memecoin Hype Turning Toxic

Solana’s underperformance has been exacerbated by the launch of Pump.fun, a memecoin platform that made it easier and cheaper to create speculative tokens. This has led to an influx of low-quality projects, many of which turned out to be scams or pump-and-dump schemes.

Crypto analyst Benjamin Cowen pointed out that while Solana initially benefited from the memecoin frenzy, the trend is now backfiring. As speculative traders cash out, SOL’s price remains vulnerable to further corrections.

Scammers impersonating Saudi Arabia’s Crown Prince Mohammed bin Salman have launched a fraudulent cryptocurrency, capitalizing on the growing hype surrounding celebrity-backed memecoins. The so-called “Official” Saudi Arabia memecoin (KSA) emerged on February 17, promoted through a fake X (formerly Twitter) account, “SaudiLawConf.”

Red Flags and Impersonation Tactics

The first warning sign was the absence of any official government announcement or details regarding the token’s purpose and structure. The Saudi Law Conference, the legitimate entity behind the hacked X account, confirmed the breach via a February 17 LinkedIn post.

“The conference management announces that the official conference account in the X platform (@Saudilawconf) has been hacked and that any content currently published through the account does not represent our opinions or official orientations in any way,” the post stated.

Growing Trend of Political Figure Memecoins

This scam follows the rapid collapse of another high-profile political memecoin. On February 15, reports surfaced that the LIBRA token, linked to Argentine President Javier Milei, lost over 94% of its value within hours. Insiders allegedly cashed out $107 million in liquidity, leading to a sharp price drop.

Investor Losses and Market Impact

Another key indicator of fraud was the early creation of the token contract. On February 10, a week before its public announcement, the KSA token was deployed on the Solana-based memecoin launchpad Pump.fun. Despite the fraudulent marketing efforts, the scam token struggled to attract investors, reaching only $7,489 in market capitalization.

This incident adds to the growing concern over the risks associated with politically-linked memecoins, which continue to cause substantial financial losses for unsuspecting investors.

Avarik Labs announced the official launch of Red Covenant, an innovative Mobile strategy RPG that merges high-stakes combat, deep tactical gameplay, and blockchain-powered innovation. Set in the dark and immersive world of the Avarik Saga Universe, Red Covenant invites players to forge their legacy in a game where every battle, every recruit, and every victory holds real value.

Hell Descent: A Challenge of Strategy and SkillHell Descent presents a demanding trial where participants navigate a competitive gauntlet, striving for success on the leaderboards. Players engage in strategic gameplay, aiming to outmaneuver opponents while earning $AVRK bonus rewards. Beyond survival, this journey tests skill, adaptability, and determination.

Recruiting and Empowering Forces

The battlefield presents a formidable challenge, rewarding those who apply strategy effectively. Harnessing the Agent NFT and $AVRK tokens to Recruit elite Veils NFTs—exclusive skins that grant the characters new appearances, dynamic skill effects, boosted stats, and unique affinities for the squad. This is an opportunity to master the team’s synergy, refine players’ tactics, and approach each challenge with a strategic advantage.

Building Dream Team of Captivating Waifus

Red Covenant features a diverse roster of enchanting waifus. Collecting, training, and strategizing with these powerful allies to build the ultimate team. Every decision counts as players rise through the ranks, shaping the path to competitive success and higher leaderboard rankings.

Available Now on the Google Play Store

Red Covenant is officially available for download on the Google Play Store, bringing the ultimate Mobile strategy RPG to players worldwide. Players can get into the battlefield and experience complete control over their in-game assets, deep strategic gameplay, and an immersive storyline.

Players can download here

The Future of Mobile Gaming

With player-owned digital assets, strategic depth, and immersive storytelling, Red Covenant has set out to redefine Mobile gaming. Players can join Red Covenant and stake their claim in the era of next-gen gaming.

About Avarik Labs Limited

Avarik Labs is a pioneering Mobile game development studio dedicated to pushing the boundaries of blockchain-powered entertainment. With a vision to blend deep storytelling, innovative gameplay, and player-driven economies, the studio aims to shape the future of decentralized gaming.

The Avarik Saga Community:

Website: www.avariksaga.com

Twitter: @avariksaga

Instagram: @avariksaga

Discord: https://discord.gg/hgnknxG

The Securities and Exchange Commission (SEC) has temporarily suspended its fraud lawsuit against Geosyn Mining and its executives after federal prosecutors filed similar charges against the company’s leadership.

On February 14, the SEC submitted a request to a Texas federal court, agreeing to put the case on hold. This decision followed the voluntary surrender of Geosyn CEO Caleb Joseph Ward and former operating chief Jeremy George McNutt, who appeared in court the day before.

Allegations of Fraud and Misuse of Funds

An FBI affidavit, unsealed on February 10, alleged that Ward, McNutt, and former sales manager Jared McNutt orchestrated a scheme to defraud customers. While Jared McNutt was not named in the SEC’s suit, prosecutors claim the trio lured customers with promises of Bitcoin mining services.

Clients were led to believe Geosyn would purchase and operate Bitcoin mining rigs on their behalf in exchange for a monthly fee, with earnings from the mined BTC distributed to them. However, prosecutors allege that in many instances, the equipment was never purchased, and customer funds were instead used to finance personal luxuries.

According to court filings, the executives spent money on guns, luxury watches, a family vacation to Disney World, and an extravagant business trip to Miami, where they accumulated significant charges at restaurants and nightclubs using company credit cards.

Fake Reports and Ponzi-Like Practices

The affidavit also details how the trio misled customers by issuing fake reports showing earnings from non-existent mining operations. Additionally, funds from new investors were used to buy Bitcoin and distribute it to earlier clients, a move reminiscent of a Ponzi scheme.

Prosecutors further alleged that the executives manipulated mining rig prices, overcharging clients beyond the stated procurement fees. A spreadsheet allegedly maintained by the company revealed real versus inflated costs, highlighting the deception.

SEC’s Case and Future Developments

The SEC’s lawsuit claims Ward and McNutt defrauded 64 investors out of approximately $5.6 million between November 2021 and December 2022. The agency also alleges Geosyn failed to purchase 400 out of the 1,400 rigs it had promised and neglected to activate most of the rigs it did buy.

In response, Ward has refuted allegations that the company sold unregistered securities. Additionally, he previously reported McNutt for embezzlement but failed to disclose his own financial misdeeds.

Both Ward and McNutt have urged the court to delay the SEC’s proceedings, citing the criminal case and potential shifts in regulatory enforcement under the Trump administration. Trump has signaled plans to ease regulatory actions against the crypto industry, which could impact the SEC’s approach to enforcement.