Latest news with #Oku
Int'l Business Times
4 days ago
- Business
- Int'l Business Times
Nibiru Launches 'Block Party' Aura Program to Reward Real DeFi Activity
Cayman Islands, Grand Cayman, June 5th, 2025, Chainwire Nibiru announces the launch of Block Party, allowing users to earn Aura, a new points system that's designed to reward real user participation across its DeFi ecosystem. Aura reflects each user's contributions through trading, liquidity, lending, or quests, and forms the backbone of Nibiru's seasonal incentive engine. Aura is earned by interacting with applications on Nibiru EVM, including trading platforms like Oku, lending protocols such as LayerBank, DEXs like MIMSwap and OmniSwap, and the Sai perpetuals exchange. Users can also bridge assets via Stargate, mint and trade NFTs on Element, or explore prediction markets like BRKT and PRDT. With dozens of active applications already integrated, Nibiru EVM is live, growing, and ready for usage. Each month-long Aura Season resets the scoreboard. Aura is earned through both onchain and off-chain missions. Onchain activity is tracked via Merkl, a battle-tested liquidity mining engine built by Angle Protocol. Off-chain and social missions are powered by Galxe, a leading quest platform trusted by major Web3 ecosystems. Participants can boost their Aura by providing sustained liquidity in eligible pools. For example, users who lock funds in select stablecoin pairs for 90+ days can earn up to 3.5x point multipliers. Others can earn through concentrated liquidity, active trading, or completing protocol-specific missions. Nibiru Block Party: How to Earn Nibiru Aura Aura points and leaderboards will be viewable through a public dashboard launching soon. Each month closes with a snapshot of rankings, followed by a claim window and the start of a new season. Mechanisms such as Sybil resistance and time-weighted tracking have been implemented to ensure that rewards are allocated based on genuine activity, minimizing the potential for manipulation. The incentive structure is designed to proportionally reflect participant contributions. Full rules, terms, and conditions for the Block Party and Aura rewards are located here. About Nibiru Nibiru is a high throughput Multi VM blockchain featuring Nibiru EVM, an EVM-equivalent execution engine. Its architecture executes state updates in parallel to maintain performance under heavy load. Nibiru supports standard EVM bytecode, allowing builders to avoid costly rewrites and leverage familiar tools. Backed by $20.5 million from investors in East Asia and the United States, Nibiru is engineered to make building and using Web3 applications faster, more efficient, and more accessible. Contact PR and Media Inquries media@
Bloomberg
20-02-2025
- Business
- Bloomberg
Norinchukin CEO to Resign as Bank Forecasts Bigger Annual Loss
Norinchukin Bank said Chief Executive Officer Kazuto Oku will step down at the end of March, as the Japanese lender forecast deeper losses stemming from soured foreign bond investments. Oku, 65, will be replaced by Chief Financial Officer Taro Kitabayashi, who was nominated to take over the reins effective April 1, the bank said in a statement on Thursday, confirming reports from earlier this week.
Japan Times
19-02-2025
- Business
- Japan Times
Norinchukin CEO plans to resign after massive bond losses
Norinchukin Bank CEO Kazuto Oku plans to resign to take responsibility for the Japanese lender's billions of dollars of losses from wrong-way bets on foreign bonds, according to a person familiar with the matter. Oku, 65, will step down at the end of March, the person said, asking not to be identified discussing the private information. Chief Financial Officer Taro Kitabayashi, 54, will be nominated to replace him effective April 1, according to the person. The agricultural bank's supervisory committee is scheduled to meet on Thursday to decide the changes, the person added. A spokesperson for Norinchukin said nothing has been decided, declining to comment further. Nikkei first reported on the management change late Tuesday.
Bloomberg
18-02-2025
- Business
- Bloomberg
Norinchukin CEO Oku Plans to Resign After Massive Bond Losses
Norinchukin Bank Chief Executive Officer Kazuto Oku plans to resign to take responsibility for the Japanese lender's large losses incurred due to wrong-way bets on foreign bonds, according to a person familiar with the matter. Oku, 65, will step down at the end of March, the person said, asking not to be identified discussing the private information. Managing Executive Officer and Chief Financial Officer Taro Kitabayashi will be nominated to replace him and the change will be effective April 1, according to the person. Nikkei first reported on the resignation.
