Bybit Forges "Bridges of the World" at Flagship Institutional Symposium, Culminating TOKEN2049 Week in Dubai
DUBAI, UAE, May 8, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, successfully concluded TOKEN2049 Week with its flagship Institutional (INS) Symposium, an exclusive, invite-only event designed to foster deeper connections and collaborative innovation within the institutional crypto space.
Tailored for hedge funds, family offices, and high-net-worth investors, the symposium convened Bybit's top institutional clients and ecosystem partners for a full day of thought leadership, strategic alignment, and insightful discussions on the future of digital finance. Held under the theme of Bridges of the World, the event embodied the company's mission to build transformative connections between traditional finance and the emerging digital asset ecosystem, while paving the way for forward-thinking, inclusive financial growth.
The agenda for the symposium was curated to provide actionable insights, including high-level discussions on macroeconomic trends, as well as deep dives into Bybit's cutting-edge institutional-grade products. Attendees explored partnership opportunities across several strategic areas, including advanced derivatives, unified loan account, API infrastructure, custody solutions, as well as stronger security and wallet solutions — all critical elements in building a resilient bridge to the future of finance.
Shunyet Jan, Head of Institutional and Derivatives at Bybit, shared, "Bybit's 100% growth in institutional clients in 2024, surpassing 2,000 active entities, reflects the growing trust in our platform. This momentum is strengthened by strategic partnerships, including our collaboration with Zodia Custody for off-venue settlement solutions, responding to industry security concerns. Alongside partners like Fireblocks and Copper, we continue to ensure secure, institutional-grade custody for our clients."
Throughout the event, leading voices from the industry shared their expertise, including Paul Kremsky, Head of Business Development at Cumberland; Jordi Alexander, CEO of SLN Selini Capital; and Dom Longman, Managing Director for the Middle East and Africa at Zodia Custody. Their participation underscored the importance of institutional engagement in shaping the future of crypto, highlighting the evolving role of regulated institutions in bridging the gap between traditional finance and digital assets.
"The symposium was about fostering deeper relationships and creating space for institutions to align on shared goals," added Shunyet Jan. "By offering an inside look at what's coming next and opening the floor for collaboration, we're laying the foundation for future growth — together."
Attendees from leading firms praised Bybit's resilience, innovation, and strong community presence. Han of Adaptive Frontier said, "Super well done handling the hack. Everyone was just super impressed. It gave us a lot of comfort." Jonas Schmidt of SSW Alpha Rock Fund PCC Ltd called it "an amazing experience trading with Bybit, one of the best exchanges," adding, "I wouldn't be happier with the exchange." Vincent Liu of Kronos Research shared his impression of the gathering: "This is a great event so far today. You guys have some great guests." Allen Fok of Elk Crypto concluded, "I'm really glad you guys are doing something like this — to have everybody in the same place where we can talk." Salim Dhanani of Pave Bank added, "The market is only going to grow 100x bigger and I think Bybit's perfectly positioned to capture it."
Bybit's active role during TOKEN2049 Week further solidified its long-standing commitment to advancing global crypto adoption through education, infrastructure development, and strategic partnerships. As Dubai continues to establish itself as a global digital asset hub, Bybit is proud to contribute to the growth of the sector and support the institutions that are building the future of finance.
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
24 minutes ago
- Cision Canada
First Capital REIT Announces C$300 Million Offering of Series E Senior Unsecured Debentures
TORONTO, June 11, 2025 /CNW/ - First Capital Real Estate Investment Trust ("First Capital" or the "REIT") (TSX: announced today that it has agreed to issue C$300 million aggregate principal amount of Series E senior unsecured debentures (the "Debentures"). The Debentures are being offered on an agency basis by a syndicate of agents co-led by Desjardins Capital Markets, RBC Capital Markets and TD Securities. The Debentures, which will be issued at a price of $100.00 per $100.00 principal amount of Debentures, will bear interest at a rate of 4.832% per annum and will mature on June 13, 2033. Subject to customary closing conditions, the offering is expected to close on June 13, 2025. It is a condition of closing that the Debentures be rated at least "BBB" with a "Positive" rating outlook by DBRS. The offering is being made on a private placement basis in each of the provinces of Canada, and the Debentures will be issued pursuant to the REIT's trust indenture dated as of May 25, 2020, as supplemented. The Debentures will be direct unsecured obligations of the REIT and will rank equally and rateably with all other present and future unsecured and unsubordinated indebtedness of the REIT. The net proceeds of the offering will be used to repay existing debt, including the repayment in full of the REIT's $300 million of Series S Debentures due July 31, 2025, and for general business purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About First Capital REIT (TSX: First Capital owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in Canada. Forward- looking Statement Advisory This press release contains forward-looking statements and information within the meaning of applicable securities laws, including statements about the REIT's issuance of the Debentures, the closing of the offering and the use of proceeds thereof. These forward-looking statements are not historical facts but, rather, reflect First Capital's current expectations and are subject to risks and uncertainties that could cause the outcome to differ materially from current expectations. Such risks and uncertainties include those discussed in First Capital's Management Discussion and Analysis for the year ended December 31, 2024 and for the quarter ended March 31, 2025, and in its current Annual Information Form. Readers, therefore, should not place undue reliance on any such forward-looking statements. First Capital undertakes no obligation to publicly update any such forward-looking statement or to reflect new information or the occurrence of future events or circumstances except as required by applicable securities laws. All forward-looking statements in this press release are made as of the date hereof and are qualified by these cautionary statements. SOURCE First Capital Real Estate Investment Trust
Cision Canada
3 hours ago
- Cision Canada
Martello Reports Financial Results for the Fourth Quarter and 2025 Fiscal Year
With a continued focus on managed service providers (MSPs), Martello introduced new innovations designed to give partners a competitive edge. As a growing number of Microsoft Teams customers now buy Premium, Phone or Teams Rooms, Martello was first to market with a proactive monitoring solution for Microsoft Teams Phone, allowing MSPs to differentiate themselves with unique service delivery capabilities targeted towards Teams Phone. For businesses that use both Microsoft Teams and Zoom, the Company launched unified experience management for hybrid environments, making IT teams and MSPs more efficient and effective. Martello continues to invest in its Mitel business, working closely with Mitel and its channel partners to offer experience management solutions for Mitel, Microsoft Teams and Zoom environments and extend its capabilities into Unify. Chairman Terry Matthews demonstrated continued support and confidence in Martello by investing CAD $2M in a private placement completed in Q4 FY25. OTTAWA, ON, June 11, 2025 /CNW/ - Martello Technologies Group Inc., ("Martello" or the "Company") (TSXV: MTLO), a provider of user experience management solutions for cloud communication and collaboration systems such as Microsoft Teams and Microsoft 365, today released financial results for the three and twelve months ended March 31, 2025. Martello's software proactively detects performance issues before they impact users of these systems. Terence Matthews, Chairman of Martello noted growing interest in the Company's technology by partners: "As businesses expand their collaboration toolsets to drive productivity, MSPs are increasingly expected to manage service delivery in complex hybrid collaboration environments leveraging premium tools such as Microsoft Teams Phone," said Mr. Matthews. "I'm pleased that Martello continues to lead the industry with innovations that give these MSPs a competitive edge in this dynamic and rapidly evolving market." "In FY25 in addition to considerable innovation, Martello laid the foundation to efficiently onboard MSPs, investing in automation of partner enablement and training", said Jim Clark, Chief Executive Officer of Martello. "Working with MSPs including Orange Business Services, Yorktel and many Mitel partners, we continue to execute joint go-to-market strategies designed to drive revenue growth with these partners." Q4 and FY25 Financial Highlights Financial Highlights March 31, March 31, March 31, March 31, (in 000's) 2025 2024 2025 2024 (Three months ended) (Twelve months ended) Sales $ 3,376 3,808 14,531 15,773 Cost of Goods Sold 468 482 2,000 1,943 Gross Margin 2,908 3,326 12,530 13,830 Gross Margin % 86.1 % 87.3 % 86.2 % 87.7 % Operating Expenses 4,249 4,567 16,669 17,425 Loss from operations (1,341) (1,242) (4,138) (3,595) Other income/(expense) (361) (459) (1,686) (2,163) Loss before income tax (1,701) (1,700) (5,824) (5,759) Income tax recovery 94 - 128 15 Net loss (1,607) (1,700) (5,696) (5,744) Total Comprehensive loss $ (1,580) (1,770) (5,877) (5,680) EBITDA (1) $ (734) (886) (2,193) (1,799) Adjusted EBITDA (1) $ (820) (791) (2,022) (1,487) (1) Non-IFRS measure. See "Non-IFRS Financial Measures". Revenue was $14.5M in FY25 and $3.38M in Q4 FY25, representing an 8% and 11% decrease, respectively, compared to the prior period. The decline in revenue was due to expected declines in legacy products and related support and maintenance revenue. Vantage DX contributed $2.55M in revenue in FY25, a 6% increase compared to FY24. Vantage DX monthly recurring revenue ("MRR") decreased by 6% in Q4 FY25 compared to Q4 FY24. Sunsetting legacy product revenue declined by 25% or $0.38M in Q4 FY25 compared to Q4 FY24, and 15% or $0.97M in FY25 compared to FY24. The ongoing decline of legacy product revenue is proceeding as expected. Revenue from the Mitel business segment decreased slightly by 3% in Q4 FY25 compared to the same period in the prior year and decreased by 6% in FY25 compared to FY24. This decrease is attributable to a revenue mix change from various Mitel Performance Analytics offerings. The Mitel business represents a growth opportunity as it continues to be a large source of revenue and gross margin, representing 45% of total revenues in FY25 (compared to 44% in FY24) and 97% gross margin as a percentage of segment revenue. 98% of total revenues were recurring in FY25 and the comparative period, with 97% of revenues recurring in Q4 FY25 compared to 98% in Q4 FY24. Gross margin was 86% in Q4 FY25 and in FY25, compared to 88% in Q4 FY24 and FY24. The decrease is attributable to lower revenue and an increase in installation, delivery and hosting costs. Management continues to execute a strategy to reduce hosting costs. Monthly recurring revenue ("MRR") decreased by 13% to $1.09M in Q4 FY25 compared to $1.25M in the prior year. The decrease is primarily attributable to expected declines in sunsetting legacy product renewal revenue and changes in the mix of users subscribed to certain Mitel offerings. Operating expenses decreased by 7% to $4.25M in Q4 FY25 and by 4% to $16.67M in FY25, compared to $4.57M in Q4 FY24, and $17.43M in FY24. The decrease is attributed to higher government grants and lower headcount costs, partially offset by an increase in marketing spend, professional fees and software subscriptions. The Company continues to invest in Vantage DX revenue growth as management monitors value for spend in all functions of the value chain. Loss from operations was $1.34M in Q4 FY25 and $4.14M in FY25, compared to $1.24M and $3.60M, respectively. The increase in loss from operations is attributable to the decrease in revenue as described above, partially offset by lower operating expenses. Adjusted EBITDA (a non-IFRS measure) was a loss of $0.82M in Q4 FY25 and $2.02M in FY25 compared to $0.79M in Q4 FY24 and $1.49M in FY24, attributable to the items described above. The Company's cash and short-term investments balance was $6.69M as of March 31, 2025 (compared to $7.72M at March 31, 2024). The financial statements, notes and Management Discussion and Analysis ("MD&A") are available under the Company's profile on SEDAR+ at and on Martello's website at The financial statements include the wholly-owned subsidiaries of Martello. All amounts are reported in Canadian dollars. MRR is a non-IFRS measure, representing average monthly recurring revenues earned in a fiscal quarter. This press release does not constitute an offer of the securities of the Company for sale in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, (the " 1933 Act") as amended, and may not be offered or sold within the United States absent registration or an exemption from registration under the 1933 Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. About Martello Technologies Group Martello (TSXV: MTLO) is a technology company that provides experience management solutions for enterprise collaboration tools such as Microsoft Teams and Mitel unified communications. The Company's Vantage DX solution enables IT teams and managed service providers (MSPs) to deliver a frictionless Microsoft Teams user experience. With Vantage DX, they can move from reactive to proactive support by detecting potential performance issues before they impact users, and speeding resolution time from days to minutes. This leads to increased productivity, realizes efficiencies, and allows businesses to harness the full value of Microsoft Teams. Martello is a public company headquartered in Ottawa, Canada with employees in Europe, the United States and the Asia Pacific region. Learn more at Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods and " includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future, including management's aim to reduce hosting costs, the aim to expand Martello's capabilities into Unify, and the aim to drive revenue growth with partners. Forward-looking information is neither a statement of historical fact nor assurance of future performance. Instead, forward-looking information is based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking information relates to the future, such statements are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking information. Therefore, you should not rely on any of the forward-looking information. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking information include, among others, the following: Continued volatility in the capital or credit markets and the uncertainty of additional financing. Our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so. Changes in customer demand. Disruptions to our technology network including computer systems and software, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our operating systems, structures or equipment. Delayed purchase timelines and disruptions to customer budgets, as well as Martello's ability to maintain business continuity as a result of COVID-19. and other risks disclosed in the Company's filings with Canadian Securities Regulators, which are available on the Company's profile on SEDAR+ at Any forward-looking information provided by the Company in this news release is based only on information currently available and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking information, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. SOURCE Martello Technologies Group Inc.
Cision Canada
4 hours ago
- Cision Canada
Generation Mining Announces $10 Million Bought Deal Financing
TORONTO, June 11, 2025 /CNW/ - Generation Mining Ltd. (TSX: GENM) (OTCQB: GENMF) (" Generation Mining" or the " Company") announced today that it has entered into an agreement with Stifel Nicolaus Canada Inc. (" Stifel Canada") to act as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the " Underwriters") in connection with a "bought deal" private placement offering of 27,027,027 Units of the Company at a price of C$0.37 per Unit (the " Offering Price") for gross proceeds to the Company of up to C$10,000,000 (the " Offering"), with the Units to be issued pursuant to the Listed Issuer Financing Exemption (as defined below). Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a " Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of C$0.48 per common share at any time on or before that date which is 36 months after the date that is 61 days following the closing date of the Offering. The Company has granted to the Underwriters an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of Units at the Offering Price for additional gross proceeds of up to C$1,500,000. The Company intends to use the net proceeds received from the Offering for development purposes at the Company's Marathon Project and general corporate purposes. The Offering is expected to close on or about June 24, 2025 and is subject to the Company receiving all necessary regulatory approvals, including the conditional approval from the Toronto Stock Exchange. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (" NI 45-106"), the Units will be offered for sale to purchasers resident in Canada, except Quebec, and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the " Listed Issuer Financing Exemption"). As the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Units issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company's issuer profile on SEDAR+ at and on the Company's website at Prospective investors should read the offering document before making an investment decision. No U.S. Offering or Registration This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. About the Company Generation Mining's focus is the development of the Marathon Project, a large undeveloped copper-palladium deposit in Northwestern Ontario. The Marathon Property covers a land package of approximately 26,000 hectares, or 260 square kilometers. Gen Mining is dedicated to fostering a greener future by promoting sustainability, empowering communities, and delivering value to our stakeholders. The Feasibility Study (the "Technical Report") estimated a Net Present Value (using a 6% discount rate) of C$1.07 billion, an Internal Rate of Return of 28%, and a 1.9-year payback based on the 3-yr trailing average metal prices at the effective date of the Technical Report. Over the anticipated 13-year mine life, the Marathon Project is expected to produce 2,161,000 ounces of palladium, 532 million lbs of copper, 488,000 ounces of platinum, 160,000 ounces of gold and 3,051,000 ounces of silver in payable metals. For more information, please review the Feasibility Study filed under the Company's profile at or on the Company's website at Qualified Person The scientific and technical content of this news release has been reviewed and approved by Daniel Janusauskas, Technical Services Manager of Generation PGM Inc., a wholly-owned subsidiary of the Company, and a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 Standards of Disclosure for Mineral Projects. Forward-Looking Information This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as "forward-looking statements"). Forward-looking statements reflect current expectations or beliefs regarding future events or the Company's future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved, including statements relating to Offering, the proposed use of proceeds of the Offering, , receipt of all regulatory approvals related to the Offering, and the expected closing date of the Offering. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in the forward-looking information. These include the timing of the Offering and regulatory approval of the Offering; timing for a construction decision; the progress of development at the Marathon Project, including progress of project expenditures and contracting processes, the Company's plans and expectations with respect to liquidity management, continued availability of capital and financing, the future prices of palladium, copper and other commodities, permitting timelines, exchange rates and currency fluctuations, increases in costs, requirements for additional capital, and the Company's decisions with respect to capital allocation, and the impact of COVID-19, inflation, global supply chain disruptions, global conflicts, including the wars in Ukraine and Israel, the project schedule for the Marathon Project, key inputs, staffing and contractors, continued availability of capital and financing, uncertainties involved in interpreting geological data and the accuracy of mineral reserve and resource estimates, environmental compliance and changes in environmental legislation and regulation, the Company's relationships with Indigenous communities, results from planned exploration and drilling activities, local access conditions for drilling, and general economic, market or business conditions, as well as those risk factors set out in the Company's annual information form for the year ended December 31, 2024, and in the continuous disclosure documents filed by the Company on SEDAR+ at
