Decentralized Physical Infrastructure Networks (DePINs)
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Blockmate Investee Hivello Lists Native Token on Major Exchange BingX
Newsfile· 2025-10-02 12:05
Core Insights - Hivello Holdings has successfully listed its native token $HVLO on the major cryptocurrency exchange BingX, enhancing its market presence and liquidity [1][5][7] Group 1: Token Listing and Market Impact - The listing on BingX provides Hivello access to over 20 million users across more than 100 countries, significantly increasing the token's exposure [2][6] - This move is expected to enhance the utility of $HVLO for users who can earn tokens by offering idle computing resources through Hivello's platform [2][3] - The listing is a strategic step towards Hivello's long-term goals of increasing liquidity and value for its platform users, partners, and token holders [3][7] Group 2: Strategic Partnerships and Growth - The partnership with BingX is further solidified as BingX Ventures has recently invested in Hivello, aligning both companies' long-term missions [7] - Hivello aims to simplify access to decentralized infrastructure networks, allowing users to earn passive income without requiring technical expertise [10] - The listing is seen as a milestone that not only boosts liquidity but also introduces $HVLO to new communities, fostering ecosystem growth [7][8]
Binance Venture Arm That Acts as CZs Personal Office Mulls Accepting New Investors
Yahoo Finance· 2025-09-23 12:40
Core Insights - YZi Labs, a private investment company spun off from Binance in early 2025, is likely majority owned by Binance insiders, including Changpeng Zhao (CZ) and his close associates [1][3] - The company is contemplating opening up to external investors, indicating a shift from its previous private ownership model [1][7] Company Background - YZi Labs originated from Binance Labs, which was established in 2018 and became a leading startup incubator and venture capital investor in the crypto and blockchain space [2] - The rebranding to YZi Labs reflects its increased independence from Binance [2] Ownership and Management - The spinoff allows CZ to engage more actively with YZi Labs, circumventing a U.S. injunction that prevents him from holding executive roles at Binance [3] - CZ is humorously listed as an intern on YZi Labs' website, despite likely holding a controlling stake [3][4] Investment Strategy - YZi Labs was tasked with deploying $10 billion in investments, a directive from CZ when he was still CEO of Binance [5] - The firm has supported numerous crypto projects, including well-known platforms like Polygon, PancakeSwap, and Axie Infinity, and has recently backed Ethena's stablecoin platform [6] Future Directions - While maintaining a strong focus on crypto and decentralized finance, YZi Labs is expanding into sectors such as AI, DePINs, and innovative blockchain applications [8]