DUBAI, UAE, April 11, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic initiative to expand access to BTC staking with Lombard Finance, the developer of LBTC, the leading staked BTC. Enhancing access with innovative DeFi offerings, Bybit Web3 will be introducing users to BTC’s DeFi yield potential with exclusive rewards. From Apr. 9 on, eligible users of the Bybit Web3 Seed Phrase Wallet have the opportunity to stake BTC from within the wallet to earn extra points across Lombard, Babylon, and Veda.

Lombard is connecting BTC to every chain, DeFi protocol, and yield opportunity with LBTC. LBTC is the leading BTC liquid staked token and trusted by over 100,000 users.

LBTC allows BTC holders to activate their assets in DeFi, and earn staking yields from Babylon’s Bitcoin Staking ecosystem, whilst retaining the value of their BTC. With over 21,000 LBTC in circulation and over 60% active in DeFi, LBTC is being used for lending, borrowing, trading, and re-staking across 6 chains.

Lombard has partnered with Veda Labs to make DeFi yields available to BTC holders in just one-click. Through the Lombard DeFi Vault, LBTC holders stand to access real yields from DeFi.

From now to May 9, eligible participants on Bybit Web3 will receive up to 5% APY in DeFi yield, on top of 6X Lombard LUX, 1X $BABY, and 6X Veda Points for their deposits. This campaign is part of Bybit Web3’s ongoing efforts to provide users with unique incentives and seamless access to cutting-edge DeFi products.

“BTC has always been the cornerstone of crypto, but until now, it’s been largely passive. This campaign marks a turning point — not just in how BTC is held, but how it moves. We’re unlocking real yield, real simplicity, and real access for the next wave of users,” said Emily Bao, Head of Bybit Web3.”BTC is undergoing a transformation,” said Jacob Phillips, Co-Founder of Lombard Finance. “Once viewed solely as a store of value, BTC is now increasingly being integrated into DeFi, unlocking new earning opportunities for BTC holders. With the LBTC SDK, Bybit can remove the complexity for its users, enabling seamless BTC staking and DeFi participation directly within the Wallet,” he said.

To participate, users may start with creating or importing a Bybit Seed Phrase Wallet, and deposit BTC into their Bybit Wallet in the app to receive LBTCv in their Ethereum address. LBTCv represents LBTC deposited into the DeFi Vault. Rewards can be tracked within the pool page on Bybit Web3, and the product and exclusive event are currently available to eligible Bybit app users only.

Bybit Web3 is committed to fostering a dynamic and rewarding environment for its users. For more details about the campaign and its terms and conditions, users can visit Bybit Web3.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com 

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Contact:-
Head of PR
Tony Au
Bybit
tony.au@bybit.com

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SOURCE Bybit

LIMASSOL, Cyprus and ATLANTA, April 11, 2025 /PRNewswire/ — Schwarzwald Capital, a leading venture capital firm focused on fintech and the creator economy, has announced a strategic investment in Vesta, a global leader in transaction guarantee solutions for online and other card-not-present transactions. Operating across more than 40 countries and processing over 100 million transactions annually, Vesta has been at the forefront of digital fraud prevention for nearly three decades, ensuring seamless and secure online payments.

With this investment, Schwarzwald Capital strengthens its commitment to fostering a more secure and efficient digital economy. Vesta’s cutting-edge fraud prevention technology has earned the trust of global investors, including Goldfinch Partners which acquired Vesta in 2020. As part of this effort, Schwarzwald Capital and Vesta are establishing a joint venture aimed at de-risking the industry from fraudulent transactions, ensuring greater trust and transparency in digital commerce.

“We are thrilled to partner with Vesta to drive innovation in fraud prevention,” said Kyrillos Akritidis, Co-Founder and Managing Director of Schwarzwald Capital. “For millions of creators, seamless and secure payments are the backbone of their businesses. Together with Vesta, we aim to develop groundbreaking solutions that empower the creator economy and revolutionize digital transactions.”

Todd Curry, CEO of Vesta, emphasized the broader industry impact: “By combining Vesta’s deep expertise in fraud prevention with Schwarzwald Capital’s fintech acumen, we believe our partnership will help reduce transactional risk across a broad array of digital transactions. We are excited about breaking new ground with Schwarzwald.”

With digital transactions continuing to rise, this investment marks a significant milestone in advancing secure, real-time digital payments, ensuring that businesses and individuals alike can transact with confidence in an evolving online landscape.

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SOURCE Schwarzwald Сapital

PhoneX Holdings, Inc. today announced that shareholders have approved the sale of 79.5% of We Sell Cellular LLC (“WSC”) to ITOCHU Corporation, through its subsidiary ITOCHU International Inc., for $47.7 million. The transaction, first announced in February, closed on April 1, 2025, and includes an option for ITOCHU to acquire the remaining 20.5% of WSC on or before April 1, 2028.

NEW YORK, April 11, 2025 /PRNewswire-PRWeb/ — PhoneX Holdings, Inc. today announced that shareholders have approved the sale of 79.5% of We Sell Cellular LLC (“WSC”) to ITOCHU Corporation, through its subsidiary ITOCHU International Inc., for $47.7 million. The transaction, first announced in February, closed on April 1, 2025, and includes an option for ITOCHU to acquire the remaining 20.5% of WSC on or before April 1, 2028.

We Sell Cellular has grown into a global leader in value-added distribution, delivering pre-owned mobile devices—some enhanced through advanced repair and polishing—to a growing network of wholesalers and retailers worldwide. The company’s success has been driven in large part by PhoneX’s SaaS platform, which has provided the automation, scalability, and transparency needed to expand operations and build a trusted brand in the global secondary market.

“This transaction represents a pivotal moment for the company,” said Nik Raman, CEO of PhoneX Holdings. “We’re proud of what we’ve built at We Sell Cellular, but this is the right time to shift our focus to scaling our software platform and driving product innovation.”

Following the sale, PhoneX Holdings will concentrate on accelerating the growth of its cloud-based SaaS platform, including PhoneX Connect—an enterprise solution that enables carriers, manufacturers, and large suppliers to sell devices to a global network of professional buyers. The company will also invest in developing new software products and other technologies designed to support the growing circular mobile economy. As part of this strategic focus, PhoneX sees significant opportunities for future technology collaboration with ITOCHU, one of the most prominent players in the industry.

About PhoneX Holdings, Inc.

PhoneX Holdings, Inc. is a technology company powering the global wholesale trade of pre-owned mobile devices. Its industry-leading SaaS platform helps carriers, manufacturers, and distributors manage inventory, optimize sales, and grow their customer networks. By driving efficiency, transparency, and scale, PhoneX enables its partners to maximize value in the secondary mobile device market.

About ITOCHU Corporation

ITOCHU Corporation is a leading global trading and investment company headquartered in Tokyo, Japan, with operations in over 62 countries. The company engages in domestic and international trading of various products, including textiles, machinery, metals, energy, chemicals, food, and general products. Its ICT & Financial Business Company focuses on areas such as IT solutions, internet-related services, mobile telecommunications, and financial services, striving to create synergies that drive innovation and growth in these sectors.

Media Contact

Jayme White, PhoneX Holdings, Inc, 1 (336) 408-9637, jayme@phonexinc.com, https://www.wesellcellular.com/

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SOURCE PhoneX Holdings, Inc