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HTX Ventures Invests in Babylon to Advance Trustless Bitcoin Staking

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SINGAPORE, June 3, 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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SOURCE HTX

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Beibei Zheng, Vice President of CHINT Global: Empower Europe’s energy transformation and build a zero-carbon future

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MUNICH, May 9, 2025 /PRNewswire/ — At Intersolar Europe 2025, Beibei Zheng, Vice President of CHINT Global, emphasized CHINT’s commitment to advancing ESG-aligned, full-lifecycle low-carbon solutions. CHINT will continue investing in these innovations to empower clients for a sustainable growth while driving the industry toward a smarter and greener future.

As Intersolar Europe is the “wind vane” of the global new energy industry, when talking about what is the core goal of CHINT’s participation in this exhibition and what is the uniqueness of the European market, Beibei Zheng, Vice President of CHINT Global said, “Intersolar Europe is a key platform to link global energy innovators. CHINT’s core objectives for this exhibition are threefold: Through this exhibition, we will demonstrate our hard technical strength, deepen local cooperation and deliver sustainable commitments. The European market is highly dynamic and technology-oriented.”

“CHINT’s strategy, specialized in full chain service capabilities developing, covered from power generation to power distribution, ensured one stop leading from production to service site, integrated technical solutions across diversified business scenarios. Every product of CHINT is accompanied by life-cycle carbon footprint tracking, in line with the compliance requirements of European Union Carbon Tariff (CBAM). We believe that Europe is not only a market, but also an ‘innovation laboratory’ for global energy transformation.”

At present, the European energy industry is facing challenges such as electricity price fluctuation and supply chain reorganization. How can CHINT establish differentiated competitiveness? When discussing this topic, Zheng continued, “we understand that differentiated competitiveness stems from addressing customer priorities. In today’s VUCA market environment, operational efficiency and energy management efficiency have become key customer concerns.”

CHINT as:

A one-stop solution provider with comprehensive product portfolios to enhance enterprise management efficiencyA single-source supplier offering integrated products and services, eliminating interface conflicts and potential disputesA strategic partner delivering flexible, customized solutions with budget optimization and shortened lead times

About technical value, CHINT  has made breakthroughs in smart grid and digitalization. CHINT’s breakthrough in smart grid and digital technology has been upgraded from “single-point innovation” to “system-level empowerment”. Through the triple leverage of “AI+ data+localization” ecology, it not only solves the real pain points such as grid toughness and green electricity consumption, but also provides a technical path for carbon neutrality. This mode of “deep compliance+value symbiosis” is the key for China enterprises to establish sustainable competitiveness in the global energy transformation.

As for the positive significance of ESG development in enterprises, Zheng believes the true value of a company lies in its ability to contribute to a better future for humanity. At CHINT, sustainable development is part of our corporate DNA. CHINT integrates ESG concepts into our business to promote the ecological environment, cultivate multicultural environments, enhance corporate governance capabilities. From her perspective, ESG serves not just as a compliance framework, but as a value-driven force—guiding both corporate growth and societal progress. It is through innovation, collaboration, and a shared win-win mindset that we can create a more sustainable and beautiful future.

When talking about how CHINT cope with cultural differences and localization challenges in overseas market expansion, Zheng said, “Our strategy is to think globally and act locally. For example, in emerging markets such as Southeast Asia and the Middle East, we have established sales and service networks with local partners. In mature markets such as Europe, we attract local talents through mergers and acquisitions and set up R&D centers to deeply understand regulations and user needs. At the same time, we pay attention to social responsibility, such as participating in the ‘lighting the countryside’ photovoltaic project in Africa and promoting the household photovoltaic universal program in Latin America to integrate into the community through action.”

When asked about her predictions about the key trends of the new energy industry in the next 3-5 years and how CHINT  will proceed to lay out, Zheng pointed out that two key trends are emerging as the renewable energy market continues to grow.

First, the energy mix is rapidly diversifying. The large-scale integration of wind, solar, energy storage, and electric vehicles is expanding application scenarios while placing higher demands on grid resilience, harmonic control, and dynamic response capabilities. In response, distribution and transmission operators are accelerating the development of new power systems characterized by deep integration of generation, grid, load, and storage, driving the grid toward greater efficiency, flexibility, and stability.

Second, technological innovation is becoming the core engine of industry advancement. From breakthroughs in battery technology to grid-forming and distributed storage solutions, the intelligence and responsiveness of energy systems are improving significantly. Meanwhile, leading industry players are increasingly focused on the green transformation of industrial parks, with renewable energy playing a key role in carbon reduction. Green power technologies, such as SF₆-free switchgear, are rapidly replacing traditional systems, contributing to emissions reduction while enabling safer and more sustainable grid operations.

CHINT remains committed to innovation-driven development, working closely with leading customers to co-develop globally competitive solutions. With a focus on energy storage, green power distribution, and other strategic sectors, we continue to invest in ESG-aligned, full-lifecycle low-carbon solutions—empowering our clients to achieve sustainable growth and driving the industry toward a smarter, greener future.

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QCY H3 Pro Wins Red Dot Design Award 2025, Continuing a String of Global Design Accolades

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DONGGUAN, China, May 7, 2025 /PRNewswire/ — QCY, a globally renowned brand in wireless audio technology, is proud to announce that its QCY H3 Pro Adaptive Noise Cancelling Headphones have received the Red Dot Design Award 2025, one of the most prestigious honors in the global design community.

This new award joins the H3 Pro’s increasing number of international awards, including the VGP Design Award and the IDEA Award, thereby further reinforcing its reputation for sophisticated aesthetic, user-centric design, and innovative forward thinking.

Red Dot: The Universal Standard for Design Excellence

The Red Dot Design Award has been one of the most renowned design awards in the world since its establishment in 1954. An international jury of design professionals evaluates products based on design quality, innovation, usability, and functionality. The H3 Pro was distinguished because it features a premium industrial design, a user-friendly interface, and outstanding sound quality.

QCY H3 Pro: A Design and Sound Award-Winning Leap

The QCY H3 Pro is a premium over-ear headphone for immersive, high-resolution sound. Featuring adaptive noise cancellation by up to 50dB and a dual-chip architecture—a main audio chip and a dedicated amplifier chip—it delivers deeper, more powerful bass with better clarity.

The product’s ergonomic shape ensures long-lasting comfort throughout extended listening periods. With support for the LDAC codec and being Hi-Res Audio certified, the H3 Pro delivers detailed sound over a wide frequency band. In addition, the implementation of spatial audio technology allows for a multi-dimensional, cinema-like soundstage, while individual EQ settings through the QCY App allow users to tailor their hearing experience based on their personal needs.

A Commitment to the Future of Design.

This recognition mirrors QCY’s unwavering commitment to design excellence and empowering users. QCY aims to make high-quality audio accessible by merging intelligent technology, eco-friendly values, and considerate design that enriches everyday life.

Regarding QCY as a top global audio brand owned by Dongguan Hele Electronics, it is committed to expanding the possibilities of wireless audio through technology and intelligent design. With more than 16 years of experience in the field and millions of users across the globe, QCY is still venturing into the future of consumer electronics. Stop by qcy.com to learn about the newest products.

PR Contact
Tracy, Senior PR Manager, QCY
pr@qcyearphone.com
Rice, Marketing Director, QCY
Rice@qcyearphone.com

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SOURCE QCY

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Aker Horizons: Information regarding share-based investment program

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FORNEBU, Norway, May 9, 2025 /PRNewswire/ — In 2021, Kristian Røkke, Chairman of Aker Horizons ASA (the “Company”), participated in a share-based investment program in which the Company sold shares in its subsidiary Aker Horizons Holding AS for NOK 25 million. NOK 10 million were paid in cash by Kristian, and NOK 15 million were financed through a loan from the Company. The share program was settled in 2024 with a total loss for Kristian of NOK 23.8 million.

As part of the settlement, the shares were transferred back to the Company. The Company retained the NOK 10 million in cash contribution, while the portion of the loan not covered by the proceeds from the sale of the shares upon settlement was cancelled in accordance with the agreement. The amount of the loan cancellation in favor of Kristian was NOK 13.8 million, reducing his loss on the investment correspondingly. The debt cancellation mechanism was part of the original terms for the share program.

Kristian today paid NOK 13.8 million to the Company and gave the following comment:

“I recognize the concerns raised by stakeholders and have listened. To reinforce alignment, I have chosen to repay the loan amount that was otherwise cancelled under the agreed terms.”

Contacts

For further information, please contact:

Jonas Gamre, Investor Relations, tel: +47 97 11 82 92, email: jonas.gamre@akerhorizons.com
Mats Ektvedt, Media, tel: +47 41 42 33 28, email: mats.ektvedt@corporatecommunications.no 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-horizons/r/information-regarding-share-based-investment-program,c4147916

 

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