Latest news with #GMX
Globe and Mail
3 days ago
- Business
- Globe and Mail
More Lithium Bearing Intersections on Globex's Lac Escale Royalty Claims
ROUYN-NORANDA, Quebec, June 11, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch anges and GLBXF – OTCQX International in the US) is pleased to provide a brief update to shareholders as regards ongoing work by Brunswick Exploration Inc. (BRW-TSXV, BRWXF-OTCQB) on Globex's Lac Escale royalty claims, a part of Brunswick's Mirage project, located in the James Bay area of Quebec. Brunswick Exploration Inc. (BRW:TSXV) reported in a press release dated June 10 th, 2025 the following highlights: A newly discovered dyke located approximately 250 metres northeast of MR-6 (a previously discovered lithium area) with hole MR-25-115 intersecting 29.5 metres grading 1.19% Li 2 O which is open in all directions and; The 'Stacked Dyke' area has been extended 150 metres to the northeast in three holes with hole MR-25-106 intersecting 1.01% Li 2 O over 17.4 metres, hole MR-25-105 intersecting 1.44% Li2O over 12.5 metres. The 'Stacked Dyke' area continues to show significant potential and widespread mineralization over the entire length of the drill holes with 32 mineralized dykes intersected across these holes. Note: Intersection lengths are reported core lengths as logged by Brunswick. Central Zone of the Mirage Project Globex is pleased by the progress on Globex's Lac Escale royalty claims and Brunswick's ongoing efforts to outline a lithium deposit therein. In other news, Globex has posted the Ironwood NI 43-101 Technical Report titled 'NI 43-101 Technical Report, Ironwood Gold Deposit, Cadillac, Quebec, Canada, by SLR Consulting (Canada) Ltd., effective April 15, 2025, written by Qualified Person Reno Pressacco, (A), FGC.' and available on Sedar and Globex's website here. This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, President & CEO Globex Mining Enterprises Inc. 86, 14 th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242 Fax: 819.797.1470 info@ Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on 56,095,836 shares issued and outstanding
Malaysian Reserve
20-05-2025
- Business
- Malaysian Reserve
HTX DeepThink: Bullish Sentiment Builds as BTC Holds Steady-Which Altcoins Will Lead the Rotation?
SINGAPORE, May 20, 2025 /CNW/ — As mid-May unfolds, crypto market sentiment continues to rise. While major assets trend steadily upward, capital is beginning to rotate into fundamentally solid altcoins. In this edition of HTX DeepThink, Chloe (@ChloeTalk1) from HTX Research shares her macro outlook and strategic insights, with a spotlight on rotation opportunities across the SUI ecosystem and the emerging AttentionFi sector. Macro Outlook: Rising Bullish Sentiment Amidst Steady Short-Term Uptrend This week's U.S. economic calendar is light on major data releases. Market attention is primarily directed towards Federal Reserve officials' interpretations of recent commentary suggesting a possible single interest rate cut in 2025. Analysis of options market data shows a prevailing bullish sentiment: the Call/Put open interest ratio has reached 1.55, accompanied by increasing premiums for call options. At the same time, short-term implied volatility (IV) has dropped to a new 18-month low of 35–40%. In short: the market is experiencing 'euphoric sentiment amid calm volatility.' Under such conditions, Bitcoin could retest new highs within the next 30–45 days, targeting the $105K–$115K range. However, this mix of high sentiment and low volatility often conceals the build-up of excessive leverage. A sudden surge in IV or a meaningful drop below $100K could trigger a sharp deleveraging event. Strategic Positioning: Capital Rotation into High-Quality Altcoins for Momentum Capture From a capital allocation perspective, rotating a portion of capital into fundamentally strong and liquid altcoins may present an opportunity to capitalize on potential spillover momentum from Bitcoin's upward trajectory. This edition of HTX DeepThink highlights promising sectors and projects worthy of investor attention. SUI Ecosystem: All-Time High Market Cap, Undervalued Core Project The SUI chain has reached an all-time high in market cap, but its ecosystem projects have yet to follow with substantial gains. This opens a window for early positioning in undervalued ecosystem leaders. HTX has listed two standout projects within the SUI ecosystem: Haedal and Bluefin. Haedal is the dominant LST (liquid staking) protocol on SUI, commanding 76% of market share and benefiting from strong network effects. Bluefin, SUI's flagship perpetual DEX, currently holds a market cap of only $31.6M yet has achieved an annualized revenue of $8.2M, implying a price-to-sales (P/S) ratio of just 3.8x—far lower than GMX (9.1x) and Drift (12.4x). The upcoming V2 upgrade will introduce veTokenomics and new trading incentives, potentially boosting both user activity and protocol revenues. Given the rising attention on SUI's mainnet, Haedal and Bluefin appear to exhibit dual potential for valuation recovery and Beta-driven upside, which may warrant mid-term attention from market participants. AttentionFi: Capitalizing on Bull Market User Acquisition Premium New Web3 projects are launching rapidly, and the cost of user acquisition is soaring. In traditional channels like Telegram, Google, or Red Note, user acquisition cost (UAC) is calculated via 'traffic × conversion rate.' With CPCs at $0.5–1.0 and conversion rates around 10%, it can cost $5–10 to acquire a real, retained user. Kaito offers a far more efficient 'attention engine.' Its API charges based on a combination of reputation score and meaningful engagement. As a result, project teams can acquire real users with 3–4x higher retention at just $2–3 per user—much lower than traditional channels. With this model, Kaito has grown rapidly, expanding from 30 to 120 integrated projects in the past three months, and quadrupling API call volume. Meanwhile, $KAITO staking has surged to 19.7M tokens, and the protocol has cumulatively bought back and burned 3.7M tokens, creating a strong demand-supply mismatch and deflationary pressure that supports higher price ceilings. On Base chain's IDO platform Virtuals, users who stake ≥5,000 $KAITO can earn Virgen Points to redeem IDO allocations. Several recent IDOs have seen 10–30x returns on day one, forming a lucrative loop: stake → points → arbitrage. With the recent listing of $KAITO on HTX, its liquidity is expanding—and in a bull market where competition for user attention intensifies, Kaito's combination of low-cost, high-precision targeting and deflationary tokenomics makes it a promising asset to watch. *The above content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. About HTX DeepThink: HTX DeepThink is a flagship market insights column created by HTX, dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers 'Find Order in Chaos.' About HTX Research HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.
Cision Canada
20-05-2025
- Business
- Cision Canada
HTX DeepThink: Bullish Sentiment Builds as BTC Holds Steady--Which Altcoins Will Lead the Rotation?
SINGAPORE, May 20, 2025 /CNW/ -- As mid-May unfolds, crypto market sentiment continues to rise. While major assets trend steadily upward, capital is beginning to rotate into fundamentally solid altcoins. In this edition of HTX DeepThink, Chloe (@ ChloeTalk1) from HTX Research shares her macro outlook and strategic insights, with a spotlight on rotation opportunities across the SUI ecosystem and the emerging AttentionFi sector. Macro Outlook: Rising Bullish Sentiment Amidst Steady Short-Term Uptrend This week's U.S. economic calendar is light on major data releases. Market attention is primarily directed towards Federal Reserve officials' interpretations of recent commentary suggesting a possible single interest rate cut in 2025. Analysis of options market data shows a prevailing bullish sentiment: the Call/Put open interest ratio has reached 1.55, accompanied by increasing premiums for call options. At the same time, short-term implied volatility (IV) has dropped to a new 18-month low of 35–40%. In short: the market is experiencing "euphoric sentiment amid calm volatility." Under such conditions, Bitcoin could retest new highs within the next 30–45 days, targeting the $105K–$115K range. However, this mix of high sentiment and low volatility often conceals the build-up of excessive leverage. A sudden surge in IV or a meaningful drop below $100K could trigger a sharp deleveraging event. Strategic Positioning: Capital Rotation into High-Quality Altcoins for Momentum Capture From a capital allocation perspective, rotating a portion of capital into fundamentally strong and liquid altcoins may present an opportunity to capitalize on potential spillover momentum from Bitcoin's upward trajectory. This edition of HTX DeepThink highlights promising sectors and projects worthy of investor attention. SUI Ecosystem: All-Time High Market Cap, Undervalued Core Project The SUI chain has reached an all-time high in market cap, but its ecosystem projects have yet to follow with substantial gains. This opens a window for early positioning in undervalued ecosystem leaders. HTX has listed two standout projects within the SUI ecosystem: Haedal and Bluefin. Haedal is the dominant LST (liquid staking) protocol on SUI, commanding 76% of market share and benefiting from strong network effects. Bluefin, SUI's flagship perpetual DEX, currently holds a market cap of only $31.6M yet has achieved an annualized revenue of $8.2M, implying a price-to-sales (P/S) ratio of just 3.8x—far lower than GMX (9.1x) and Drift (12.4x). The upcoming V2 upgrade will introduce veTokenomics and new trading incentives, potentially boosting both user activity and protocol revenues. Given the rising attention on SUI's mainnet, Haedal and Bluefin appear to exhibit dual potential for valuation recovery and Beta-driven upside, which may warrant mid-term attention from market participants. AttentionFi: Capitalizing on Bull Market User Acquisition Premium New Web3 projects are launching rapidly, and the cost of user acquisition is soaring. In traditional channels like Telegram, Google, or Red Note, user acquisition cost (UAC) is calculated via "traffic × conversion rate." With CPCs at $0.5–1.0 and conversion rates around 10%, it can cost $5–10 to acquire a real, retained user. Kaito offers a far more efficient "attention engine." Its API charges based on a combination of reputation score and meaningful engagement. As a result, project teams can acquire real users with 3–4x higher retention at just $2–3 per user—much lower than traditional channels. With this model, Kaito has grown rapidly, expanding from 30 to 120 integrated projects in the past three months, and quadrupling API call volume. Meanwhile, $KAITO staking has surged to 19.7M tokens, and the protocol has cumulatively bought back and burned 3.7M tokens, creating a strong demand-supply mismatch and deflationary pressure that supports higher price ceilings. On Base chain's IDO platform Virtuals, users who stake ≥5,000 $KAITO can earn Virgen Points to redeem IDO allocations. Several recent IDOs have seen 10–30x returns on day one, forming a lucrative loop: stake → points → arbitrage. With the recent listing of $KAITO on HTX, its liquidity is expanding—and in a bull market where competition for user attention intensifies, Kaito's combination of low-cost, high-precision targeting and deflationary tokenomics makes it a promising asset to watch. *The above content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. About HTX DeepThink: HTX DeepThink is a flagship market insights column created by HTX, dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers " Find Order in Chaos." About HTX Research HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.
Yahoo
27-03-2025
- Business
- Yahoo
$13 Million Stolen from Abracadabra.Money in Exploit Targeting GMX Liquidity Pools
lost $13 million in an exploit that targeted liquidity pools using GMX tokens. The hack drained 6,262 ETH, worth approximately $13 million. According to crypto security firm PeckShield, the breach involved vulnerabilities in the smart contracts of both GMX and The stolen funds were later transferred from Arbitrum to Ethereum using a blockchain bridge. This hack follows a similar incident in January 2024, when Abracadabra lost $6.49 million due to compromised smart contracts. That exploit also caused Abracadabra's Magic Internet Money (MIM) stablecoin to lose its peg to the U.S. dollar. This latest attack targeted Abracadabra's 'cauldrons,' which use GMX liquidity pools for decentralized lending and borrowing. The attacker appeared to use a flash loan technique in the exploit, a process where the borrower takes out an uncollateralized loan and repays it within the same block. The hacker manipulated the liquidation process of Abracadabra's MIM using GMX V2's GM pools. A researcher, Weilin Li, explained the process on X, stating that the attacker liquidated themselves in a flash loan state and profited from liquidation incentives. In response, GMX denied that its smart contracts were affected, claiming the issue was confined to Abracadabra's cauldrons. GMX noted that the breach occurred in Spell's cauldrons, which are based on GMX V2's GM pools. GMX also reassured the community that no vulnerabilities were identified within its core contracts. A report from crypto forensics firm AMLBot confirmed that only Abracadabra's smart contracts were breached, while GMX's contracts remained untouched. The stolen funds were routed through Tornado Cash, a decentralized cryptocurrency mixer, and used to pay transaction fees for the malicious transactions. Afterward, the stolen ETH was moved from the Arbitrum network to Ethereum via a bridge. Despite the extensive loss, both Abracadabra and GMX have yet to respond to inquiries about the incident. The stolen funds have now been transferred to Ethereum, and investigations into the breach continue. This attack highlights the ongoing vulnerabilities in decentralized finance (DeFi) protocols, as attacks exploiting smart contract weaknesses remain a serious concern for the industry. Sign in to access your portfolio
