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HTX Ventures Invests in Babylon to Advance Trustless Bitcoin Staking

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SINGAPORE, June 1, 2024 /PRNewswire/ — HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Babylon, a Bitcoin staking protocol. This investment underlines HTX Ventures’ commitment to fostering innovation and supporting groundbreaking technologies in the blockchain and cryptocurrency sectors.

 

Babylon builds infrastructure that allows proof-of-stake systems to obtain staking capital from Bitcoin. The platform uses modular design and slashing functionality to let stake-base systems, such as blockchains, Layer 2s, DA layers and oracles, and incorporates Bitcoin as a staking and restaking asset.

“HTX Ventures is excited to support Babylon’s pioneering efforts in harnessing Bitcoin for decentralized security,” said Edward, Managing Partner of HTX Ventures. “Babylon’s trustless design unlocks new possibilities for Bitcoin, transforming its utility and paving the way for innovative Bitcoin-native applications. We believe Babylon will play a crucial role in advancing the blockchain ecosystem, and are proud to be a part of this transformative journey.”

“This funding will accelerate our mission to make Bitcoin the security backbone of PoS systems,” Babylon co-founder David Tse said in a statement. “Our team is dedicated to advancing the utility of Bitcoin beyond its traditional roles and enhancing the security of the entire blockchain ecosystem.”

Babylon recently raised $70 million in a funding round led by the venture firm Paradigm. In February 2024, Babylon launched the world’s first trustless Bitcoin staking testnet, attracting over 100,000 stakers within 48 hours. This remarkable response highlights the platform’s potential to transform Bitcoin into the security backbone of PoS systems. This achievement underscores Babylon’s technical expertise and commitment to fostering a secure, decentralized economy.

About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca.

Contact Details
Michael Wang
glo-media@htx-inc.com

Company Website
https://www.htx.com/en-us/ventures

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Applied Medical Launches Two Innovative Suture Passing Instruments: RHAPSO™ and GEMINI®

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BRECKSVILLE, Ohio, May 7, 2025 /PRNewswire/ — Applied Medical Technology, Inc. proudly announces the launch of two cutting-edge suture passing solutions engineered for precision, efficiency, and adaptability in minimally invasive procedures: RHAPSO™ and GEMINI®.

RHAPSO™ – Versatile Suture Passing Instrument

Designed for surgeons seeking refined control and ease in suturing, RHAPSO™ is a 17-gauge fine needle suture passer that delivers exceptional performance in confined surgical spaces. Featuring a wide opening for enhanced suture capture, RHAPSO™ streamlines suturing through its spring-assisted, atraumatic grasper arms.

Key Benefits:

Available with curved or straight echogenic needle options

Luer access for fluid and radiographic media management

Ergonomic design for intuitive, precise handling

Ideal for minimally invasive and complex tissue approximation

GEMINI® – Suture Passer with Magnet Technology

Introducing the next evolution in suture management, GEMINI® incorporates self-aligning magnet technology to simplify intracorporeal suture retrieval. Designed to minimize tissue trauma, GEMINI® includes magnetic suture loops and a magnetized grasper arm for seamless, reliable connection.

Key Benefits:

Smallest gauge suture passer in its class (17-gauge needle)

Straight and curved needle kits available

Built-in luer access and suture exchange loop feature

Enhanced wound healing potential via low-trauma design

“With RHAPSO™ and GEMINI®, we’re equipping surgeons with tools that simplify complex tasks and support better patient outcomes,” said Joe Harr, Surgical Sales Manager at Applied Medical Technology, Inc. “These devices reflect our commitment to advancing surgical precision and procedural confidence.”

For ordering information, visit www.AppliedMedical.net or contact Customer Service at 800-869-7382.

About AMT: Applied Medical Technology, Inc. (AMT) is a global leader in enteral and surgical devices committed to improving lives through innovation. For 40 years, AMT has bridged the gap between medical technology and patient needs, collaborating with healthcare professionals and users to develop high-quality, life-enhancing solutions. Our holistic approach prioritizes the well-being of the whole person, not just the device they use.

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SOURCE Applied Medical Technology, Inc.

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Only 0.001% of the Deep Seafloor Visually Observed in Seventy Years, Revealing Gaps and Bias in Ocean Exploration

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SAUNDERSTOWN, R.I., May 7, 2025 /PRNewswire/ — In a groundbreaking study published today in Science Advances, researchers from Ocean Discovery League reveal that only a minuscule fraction of the deep seafloor has been imaged. Despite covering 66% of Earth’s surface, the deep ocean remains largely unexplored. The study, “How Little We’ve Seen: A Visual Coverage Estimate of the Deep Seafloor,” is the first to document that, in decades of deep-sea exploration, humans have observed less than 0.001% of the deep seafloor. This total area is roughly the size of Rhode Island or one-tenth the size of Belgium.

In a groundbreaking study, researchers reveal that only a minuscule fraction of the deep seafloor has been imaged.

The deep ocean, defined as being deeper than 200 meters, sustains diverse ecosystems and provides essential services, including oxygen production, climate regulation, and crucial pharmaceutical discoveries, and plays a critical role in maintaining the health of our planet. Yet, despite its importance, research into this immense ecosystem is severely limited, with visual surveys primarily focused on just a few regions and countries. Visual imaging is one of the most critical methods to study the deep seafloor and is one of the three key pillars of ocean exploration, alongside mapping and sampling.

“As we face accelerated threats to the deep ocean—from climate change to potential mining and resource exploitation—this limited exploration of such a vast region becomes a critical problem for both science and policy,” said Dr. Katy Croff Bell, President of Ocean Discovery League, National Geographic Explorer, and lead author of the study. “We need a much better understanding of the deep ocean’s ecosystems and processes to make informed decisions about resource management and conservation.”

Using data from approximately 44,000 deep-sea dives with observations conducted since 1958, across the waters of 120 different countries, the study is the most comprehensive global estimate of deep-sea benthic observations to date and highlights the disparity in global exploration efforts. Given that not all dive records are public, the researchers assert that even if these estimates are off by a full order of magnitude, less than one-hundredth of 1% of the seafloor would have any visual records.

Remarkably, a majority of the visual observations have occurred within 200 nautical miles of just three countries: the United States, Japan, and New Zealand. Due to the high cost of ocean exploration, a mere handful of nations dominate deep-sea exploration, with five countries— the United States, Japan, New Zealand, France, and Germany—responsible for 97% of all deep-sea submergence observations. This bias in geographic coverage and operator representation has led the oceanographic community to base much of its characterization of the deep ocean ecosystem on this incredibly small and unrepresentative sample.

These findings underscore the urgent need for a more comprehensive and global effort to explore the deep ocean, ensuring that scientific research and conservation efforts accurately reflect the true extent of the seafloor. As noted in the study, if the scientific community were to make all assumptions about terrestrial ecosystems from observations of only 0.001% of that total area, they would be basing their assessments of all land-based life on Earth on an area roughly the size of Houston, Texas.

“There is so much of our ocean that remains a mystery,” says Dr. Ian Miller, Chief Science and Innovation Officer at the National Geographic Society, which contributed funding for this work. “Deep-sea exploration led by scientists and local communities is crucial to better understanding the planet’s largest ecosystem. Dr. Bell’s goals to equip global coastal communities with cutting-edge research and technology will ensure a more representative analysis of the deep sea. If we have a better understanding of our ocean, we are better able to conserve and protect it.”

To address these challenges, the researchers call for expanding exploration efforts and utilizing advancements in smaller, more affordable deep-sea tools to increase access to the deep ocean.

Funding for this study was provided in part by the National Geographic Society and Rolex Perpetual Planet Expeditions program, Lyda Hill Philanthropies, and the Cabot Family Charitable Trust.

Link: https://www.science.org/doi/10.1126/sciadv.adp8602

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SOURCE Ocean Discovery League

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Proactive Data Storage Management: Open-E’s New Check-Up Service is Here

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Open-E Introduces Check-Up Service: Proactive Health Check for Data Storage Systems

ATLANTA, May 7, 2025 /PRNewswire/ — Open-E, a leading developer of innovative data storage software, today announced the launch of Open-E Check-Up, a professional service designed to evaluate and optimize the health of Open-E JovianDSS-powered data storage systems. This service provides businesses with a comprehensive assessment of their data storage infrastructure, identifying potential issues and ensuring peak performance and reliability.

“The efficient and secure operation of data storage systems is crucial. Open-E Check-Up Service offers a proactive approach to system maintenance, helping organizations avoid costly downtime and data loss, and being proactive, instead of reactive. The service includes a detailed evaluation process, starting with a consultation to understand specific needs. Secure data collection and analysis are then performed using log files and a dedicated spreadsheet, ensuring no direct external access to the system,” said Krzysztof Franek, CEO of Open-E. 

The Open-E Check-Up service delivers:

Detailed System Documentation: A comprehensive overview of the current storage environment.Issue Identification and Risk Assessment: A clear summary of any identified problems, along with an evaluation of the associated risks.Tailored Optimization Recommendations: Specific, actionable steps to improve system stability, efficiency, and security.Personal Consultation: An expert-led discussion of the findings and recommendations.

“Open-E Check-Up is more than just a health check; it’s a strategy for data storage excellence,” said Krzysztof Franek. “By identifying and addressing potential issues before they escalate, we empower businesses to maintain optimal performance, minimize risks, and focus on their core objectives.”

The Open-E Check-Up Service is ideal for businesses of all sizes seeking to ensure the reliability and efficiency of their data storage systems. The service is available immediately. For more information, please visit the Open-E Check-Up Service page: https://www.open-e.com/r/gb62/ or register to join the Open-E’s webinar on May 14th: https://www.open-e.com/r/rny4/

About Open-E

Open-E is the developer of the award-winning Open-E JovianDSS, a flagship software-defined storage platform renowned for its reliability, flexibility, and high performance. With over 40,000 implementations worldwide, Open-E has established itself as a trusted leader in the data storage industry. The company has garnered significant recognition for its innovative solutions, consistently meeting the demanding storage needs of businesses across various sectors. Open-E remains committed to delivering cutting-edge technology and exceptional support to its global customer base.

Press Contact

Paweł Brzeżek
Open-E, Inc.
+49 (89) 800-777-18
pawel.brzezek@open-e.com 

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SOURCE Open-E

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