Tungray Technologies Inc Announcement: If You Have Suffered Losses in Tungray Technologies Inc (NASDAQ: TRSG), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

NEW YORK, Jan. 08, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation on behalf of shareholders of Tungray Technologies Inc (NASDAQ: TRSG) resulting from allegations that Tungray Technologies may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Tungray Technologies securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit–form/?case_id=32968 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On December 31, 2024, Tungray Technologies filed a current report with the U.S. Securities and Exchange Commission on Form 6–K. The current report stated that on “December 30, 2024, the Board of Directors of Tungray Technologies Inc (the “Company”), upon recommendation of the Audit Committee and following discussions with management, determined that the Company’s financial statements for the years ended December 31, 2023, 2022 and 2021 included in the Company’s Annual Report on Form 20–F for the year ended December 31, 2023, filed with the Securities and Exchange Commission on April 26, 2024 (the “20–F”), should no longer be relied upon. Similarly, related reports, press releases, earnings releases, and investor communications describing the Company’s financial statements for these periods should no longer be relied upon.”

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686–1060
        Toll Free: (866) 767–3653
        Fax: (212) 202–3827
        case@rosenlegal.com
        www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9328908)

Wisson Robotics' Versatile Applications of General-Purpose Soft Robotics Shine at CES 2025

LAS VEGAS, Jan. 08, 2025 (GLOBE NEWSWIRE) — Wisson Robotics’ booth at CES 2025 became a focal point with live demos of cutting–edge soft robotics and applications built on Pliabot® technology. Featuring Pliabot® muscles, joints, and arms, these demos and robots showcased core technical capabilities and unique advantages, drawing significant attention from attendees.

These innovations leverage the company’s proprietary Pliabot® technology, which “Emulate Human Muscles, Transcend Human Capabilities“. With soft bionic muscles and neuronic intelligence, this technology replicates human muscle characteristics to offer five core advantages, addressing two major challenges to large–scale robotic adoption: adaptability and cost.

  • High Load–to–Weight Ratio: Achieves a 2000:1 load–to–weight ratio, outperforming rigid–joint systems and other conventional solutions.
  • High Environmental Resistance: Features durable materials and pressurized sealed chambers that are waterproof, dustproof, corrosion–resistant, and capable of withstanding extreme weather and electromagnetic radiation.
  • Superior Task Adaptability: Flexible structures enable precise posture control and adaptive adjustments during contact, maintaining operational stability.
  • Enhanced Interaction Safety: Pliabot muscles and joints allow passive deformation, paired with soft materials for impact absorption, ensuring safe interaction.
  • Cost Advantage: Employs polymer–based soft materials and 3D printing techniques, eliminating the need for expensive sensors and reducing production investment significantly.

Wisson Robotics has developed a range of Pliabot–powered products tailored for diverse applications especially for aerial precision operations and automatic EV charging. The Orion AP3–P3 Pliabot® Aerial Tethered Cleaning System, for example, uses a Pliabot gimbal to achieve adaptive balancing and soft collision buffering, ensuring unparalleled operational safety. It is ideal for high–altitude cleaning scenarios.

The Orion AP30–N1 Pliabot® Aerial Manipulator enhances traditional drone capabilities with its lightweight, Pliabot robotic arm, enabling precise aerial tasks like grasping, placing, and sampling. This innovation significantly reduces the risk and difficulty of complex tasks in challenging environments.

Additionally, the Pliabot® Automatic Charging Robot offers revolutionary cost and performance advantages, making it ideal for large–scale commercial deployment. It provides a powerful boost to the smart driving experience and the rapid development of the electric vehicle industry.

These groundbreaking innovations highlight Wisson Robotics’ vision of empowering industries and everyday life through cutting–edge soft robotics, offering safer, smarter, and more efficient solutions.

Source: Wisson International Limited

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a751c26b–dbd3–4783–bd09–3e3fdcdc8ab1


GLOBENEWSWIRE (Distribution ID 9328807)

Bitget facilite les dépôts bancaires grâce à l’intégration de la solution ZEN qui donne désormais accès à onze devises fiduciaires

VICTORIA, Seychelles, 08 janv. 2025 (GLOBE NEWSWIRE) — Bitget, la principale bourse de cryptomonnaie et société Web3, est ravie d’annoncer l’intégration de ZEN.com, une solution bancaire renommée, dans son canal de dépôt et de retrait de devises fiduciaires. Grâce à cette intégration, les utilisateurs de Bitget peuvent désormais déposer et retirer des fonds de manière transparente en utilisant 11 devises fiduciaires prises en charge, notamment PLN, CZK, DKK, AUD, CAD, NOK, SEK, CHF et HUF.

Avec cette collaboration, Bitget montre l’importance qu’elle accorde à l’amélioration de l’accessibilité et de l’expérience utilisateur, en particulier sur les marchés européens mal desservis et dans les grandes régions telles que l’Océanie.

« Notre partenariat avec ZEN.com s’inscrit dans le cadre de notre projet visant à rendre le trading de cryptomonnaies plus accessible aux utilisateurs du monde entier. En prenant en charge un plus grand nombre de devises fiduciaires que ne le font nos concurrents et en proposant des options d’accès instantané aux devises fiduciaires, nous proposons aux utilisateurs des solutions de trading pratiques et innovantes », a déclaré Gracy Chen, PDG de Bitget.

L’intégration de la solution ZEN par Bitget offre une multitude d’avantages. Les utilisateurs peuvent déposer et retirer des fonds dans 11 devises fiduciaires, soit plus que ce que proposent actuellement les autres crypto–bourses centralisées. Grâce à cet accès instantané aux devises fiduciaires, les utilisateurs peuvent obtenir la conversion instantanée d’espèces en cryptomonnaies via Bitget. Il n’y a pas de frais cachés, et l’absence de frais de dépôt permet aux utilisateurs de bénéficier de remises sur les frais pendant la période promotionnelle.

Afin de célébrer ce partenariat, Bitget et ZEN lancent une campagne exclusive qui récompense les utilisateurs en leur offrant un essai ZEN PRO d’une durée de 3 mois, des frais de dépôt nuls, et jusqu’à 25 % de remises sur les conversions de monnaies fiduciaires en cryptomonnaies.

L’événement se déroule du 7 janvier 2025 à 18 h 00 (UTC+8) au 4 février 2025 à 18 h 00 (UTC+8). Les participants peuvent s’inscrire ici en créant un compte ZEN pour un essai PRO gratuit de 3 mois, en effectuant un dépôt sans frais dans les devises fiduciaires prises en charge, et en convertissant les devises fiduciaires en cryptomonnaies pour gagner jusqu’à 25 % de remise.

Pour obtenir des instructions détaillées sur la façon d’effectuer un dépôt via ZEN, rendez–vous ici.

À propos de Bitget

Fondée en 2018, Bitget est la première bourse de cryptomonnaies et société Web3 au monde. Au service de plus de 45 millions d’utilisateurs répartis dans plus de 150 pays et régions, la bourse Bitget s’engage à aider les utilisateurs à trader plus intelligemment grâce à sa fonctionnalité révolutionnaire de copy trading et ses autres solutions de trading, tout en fournissant un accès en temps réel aux prix de Bitcoin, d’Ethereum et d’autres cryptomonnaies. Anciennement connu sous le nom de BitKeep, Bitget Wallet est un portefeuille cryptographique multi–chaînes de classe mondiale qui offre une gamme complète de solutions et de fonctionnalités Web3, et notamment des fonctionnalités de portefeuille, d’échange de jetons, de marché NFT, de navigateur DApp, entre autres.

Bitget est le fer de lance de l’adoption des cryptomonnaies grâce à des partenariats stratégiques, comme en témoigne son rôle de Partenaire crypto officiel de la meilleure ligue de football au monde, LA LIGA, sur les marchés de l’EST, de l’Asie du Sud–Est et de l’Amérique latine, ainsi qu’en tant que partenaire mondial des athlètes olympiques turcs Buse Tosun Çavuşoğlu (champion du monde de lutte), Samet Gümüş (médaille d’or de boxe) et İlkin Aydın (équipe nationale de volley–ball). Bitget a pour vocation d’inciter la population mondiale à adopter les cryptomonnaies, symboles d’avenir.

Pour obtenir de plus amples informations, consultez : Site Internet | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Pour les demandes de renseignements des médias, veuillez contacter : media@bitget.com

Mise en garde sur les risques : les cours des actifs numériques peuvent fluctuer et connaître une forte volatilité. Il est recommandé aux investisseurs d’investir uniquement la somme qu’ils peuvent se permettre de perdre. La valeur de votre investissement peut être affectée et il est possible que vous n’atteigniez pas vos objectifs financiers ou que vous ne parveniez pas à récupérer votre investissement principal. Nous vous encourageons à toujours solliciter les conseils d’un spécialiste financier indépendant et à tenir compte de votre expérience et de votre situation financière. Les performances passées ne constituent pas un indicateur fiable des résultats futurs. Bitget décline toute responsabilité envers toute perte potentielle encourue. Nulle disposition des présentes ne saurait être interprétée comme un conseil d’ordre financier. Pour tout complément d’information, veuillez consulter nos Conditions d’utilisation.

Une photo annexée au présent communiqué est disponible à l’adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/c5896ba2–052c–4cfa–8f39–e222f41ad1be


GLOBENEWSWIRE (Distribution ID 1001042140)

A Bitget disponibiliza depósitos bancários com integração ZEN, permitindo o acesso a onze moedas fiduciárias

VICTÓRIA, Seicheles, Jan. 08, 2025 (GLOBE NEWSWIRE) — Bitget, a principal exchange de criptomoedas e empresa da Web3, tem o prazer de anunciar a integração do ZEN.com, uma renomada solução bancária, em seu canal de depósitos e saques em moeda fiduciária. Com essa integração, os usuários da Bitget agora podem depositar e sacar valores de forma simples utilizando 11 moedas fiduciárias suportadas, incluindo PLN, CZK, DKK, AUD, CAD, NOK, SEK, CHF e HUF.

Essa colaboração demonstra o foco da Bitget em melhorar a acessibilidade e aprimorar a experiência do usuário, especialmente em mercados europeus menos atendidos e em regiões importantes, como a Oceania.

“Nossa parceria com o ZEN.com está alinhada com nossos planos de tornar o comércio de criptomoedas mais acessível para os usuários em todo o mundo. Ao apoiar mais moedas fiduciárias do que nossos concorrentes e oferecer opções de entrada de moeda fiduciária instantâneas, proporcionamos aos usuários soluções de negociação convenientes e inovadoras”, disse Gracy Chen, CEO da Bitget.

A integração ZEN da Bitget oferece uma série de benefícios. Os usuários podem depositar e sacar valores em 11 moedas fiduciárias, mais do que outras exchanges centralizadas (CEXs) oferecem atualmente. Com a entrada de moeda fiduciária instantânea, os usuários ganham acesso à conversão imediata de dinheiro em criptomoeda através da Bitget. Não há taxas ocultas, e a isenção de taxas de depósito permite que os usuários aproveitem os descontos de taxas durante o período promocional.

Para celebrar essa parceria, a Bitget e o ZEN estão lançando uma campanha exclusiva, recompensando os usuários com um período de 3 meses de teste do ZEN PRO, isenção de taxas de depósito e até 25% de desconto em conversões de moeda fiduciária para criptomoedas.

O evento ocorre de 7 de janeiro de 2025, às 18h (UTC+8), até 4 de fevereiro de 2025, às 18h (UTC+8). Os participantes podem se inscrever aqui criando uma conta ZEN para um teste gratuito de 3 meses do PRO, realizando um depósito sem taxas em moedas fiduciárias compatíveis e convertendo moeda fiduciária em criptomoedas para ganhar até 25% de desconto.

Para instruções detalhadas sobre como realizar depósitos via ZEN, acesse aqui.

Sobre a Bitget

Fundada em 2018, a Bitget é a principal exchange de criptomoedas e empresa da Web3 do mundo. Atendendo mais de 45 milhões de usuários em mais de 150 países e regiões, a exchange Bitget está comprometida em ajudar os usuários a realizar negociações mais inteligentes com seu recurso inovador de copy trading e outras soluções de negociação, enquanto oferece acesso em tempo real ao preço do Bitcoin, preço do Ethereum e outras criptomoedas. Anteriormente conhecida como BitKeep, a Bitget Wallet é uma carteira de criptomoedas multiblockchain de nível mundial que oferece uma variedade de soluções e recursos abrangentes da Web3, incluindo funcionalidade de carteira, troca de tokens, Marketplace de NFTs, navegador DApp e muito mais.

A Bitget está na liderança do incentivo da adoção de criptomoedas por meio de parcerias estratégicas, como seu papel de Parceiro Oficial de Criptomoedas da Principal Liga de Futebol do Mundo, LALIGA, nos mercados do Oriente, Sudeste Asiático e América Latina, bem como parceiro global de atletas nacionais da Turquia Buse Tosun Çavuşoğlu (campeã mundial de luta livre), Samet Gümüş (medalhista de ouro no boxe) e İlkin Aydın (equipe nacional de vôlei), para inspirar a comunidade global a abraçar o futuro das criptomoedas.

Para mais informações, acesse: Site | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Para comunicação social, entre em contato com: media@bitget.com

Aviso de risco: os preços dos ativos digitais estão sujeitos a flutuações e podem sofrer volatilidade significativa. Invista somente o que pode perder. É possível que o valor de seu investimento seja afetado e não atinja suas metas financeiras ou que você não consiga recuperar seu investimento principal. Procure sempre uma consultoria financeira independente e considere sua própria experiência e situação financeira. O desempenho no passado não é uma medida confiável do desempenho no futuro. A Bitget não se responsabiliza por possíveis perdas incorridas. Nada contido neste documento deve ser interpretado como aconselhamento financeiro. Para mais informações, consulte nossos Termos de uso.

Uma foto que acompanha este anúncio está disponível em https://www.globenewswire.com/NewsRoom/AttachmentNg/c5896ba2–052c–4cfa–8f39–e222f41ad1be


GLOBENEWSWIRE (Distribution ID 1001042140)

Bitget führt Bankeinlagen mit ZEN-Integration ein und ermöglicht Zugang zu elf Fiat-Währungen

VICTORIA, Seychellen, Jan. 08, 2025 (GLOBE NEWSWIRE) — Bitget, die weltweit führende Kryptowährungsbörse und Web3–Firma, gibt die Integration von ZEN.com, einer renommierten Bankenlösung, in seinen Ein– und Auszahlungskanal für Fiat–Währungen bekannt. Durch diese Integration können die Nutzer:innen von Bitget nun nahtlos in elf unterstützten Fiat–Währungen Geld einzahlen und abheben, darunter PLN, CZK, DKK, AUD, CAD, NOK, SEK, CHF und HUF.

Diese Zusammenarbeit zeigt, dass Bitget sich auf die Verbesserung der Zugänglichkeit und des Nutzererlebnisses konzentriert, insbesondere in unterversorgten europäischen Märkten und Schlüsselregionen wie Ozeanien.

„Unsere Partnerschaft mit ZEN.com steht im Einklang mit unseren Plänen, den Handel mit Kryptowährungen für Nutzerinnen und Nutzer weltweit zugänglicher zu machen. Durch die Unterstützung einer größeren Anzahl von Fiat–Währungen als unsere Mitbewerber und das Angebot von sofortigen Fiat–On–Ramp–Optionen bieten wir unseren Nutzerinnen und Nutzern bequeme und innovative Handelslösungen“, so Gracy Chen, CEO von Bitget.

Die Integration von ZEN bei Bitget bietet zahlreiche Vorteile. Nutzer:innen können Geld in elf Fiat–Währungen einzahlen und abheben, mehr als andere Kryptowährungsbörsen derzeit anbieten. Die sofortige Fiat–On–Ramp–Option ermöglicht Nutzer:innen den Zugang zur sofortigen Bargeld–zu–Kryptowährungsumwandlung über Bitget. Es gibt keine versteckten Kosten und durch den Verzicht auf Depotgebühren profitieren die Nutzer:innen während des Aktionszeitraums von reduzierten Gebühren.

Zur Feier dieser Partnerschaft starten Bitget und ZEN eine exklusive Aktion, bei der die Nutzer:innen mit einer 3–monatigen ZEN PRO–Testversion, null Depotgebühren und bis zu 25 % Rabatt auf Fiat–zu–Krypto–Umwandlungen belohnt werden.

Der Aktionszeitraum läuft vom 7. Januar 2025, 18:00 Uhr (UTC+8) bis zum 4. Februar 2025, 18:00 Uhr (UTC+8). Teilnehmende können sich hier anmelden, um ein ZEN–Konto für eine kostenlose 3–monatige PRO–Testversion zu erstellen, eine kostenlose Einzahlung in unterstützten Fiat–Währungen vorzunehmen und Fiat–Währungen in Kryptowährungen umzutauschen, um einen Rabatt von bis zu 25 % zu erhalten.

Detaillierte Anweisungen zur Einzahlung per ZEN finden Sie hier.

Über Bitget

Bitget wurde 2018 gegründet und ist die weltweit führende Kryptowährungsbörse und Web3–Firma. Mit über 45 Millionen Nutzer:innen in mehr als 150 Ländern und Regionen bietet die Bitget–Börse mit ihrer bahnbrechenden Copy–Trading–Funktion und anderen Handelslösungen intelligenteren Handel und Echtzeitzugang zu Bitcoin–Kursen, Ethereum–Kursen und anderen Kryptowährungskursen. Das ehemals unter dem Namen BitKeep bekannte Bitget Wallet ist eine erstklassige Multichain–Krypto–Wallet, die eine Reihe umfassender Web3–Lösungen und –Funktionen, darunter Wallet–Funktionen, Token Swap, NFT Marketplace, DApp–Browser und mehr, bietet.

Bitget steht an vorderster Front, wenn es darum geht, die Akzeptanz von Kryptowährungen durch strategische Partnerschaften voranzutreiben, wie z. B. als offizieller Krypto–Partner der weltbesten Fußball–Liga LALIGA für den OST–, SEA– und LATAM–Markt sowie als globaler Partner der türkischen Nationalsportler Buse Tosun Çavuşoğlu (Weltmeister im Ringen), Samet Gümüş (Goldmedaillengewinner im Boxen) und İlkin Aydın (Volleyball–Nationalmannschaft), um die globale Gemeinschaft zu inspirieren, Teil der Zukunft der Kryptowährung zu werden.

Weitere Informationen finden Sie im Internet: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Für Medienanfragen wenden Sie sich bitte an: media@bitget.com

Risikohinweis: Die Preise digitaler Vermögenswerte unterliegen Schwankungen und können eine hohe Volatilität aufweisen. Den Anlegern wird empfohlen, nur Gelder einzusetzen, deren Verlust sie sich leisten können. Der Wert jeder Anlage kann beeinträchtigt werden, und es besteht die Möglichkeit, dass die finanziellen Ziele nicht erreicht werden und die Kapitalanlage nicht zurückerhalten werden kann. Es sollte immer eine unabhängige Finanzberatung in Anspruch genommen werden, und die persönliche finanzielle Erfahrung und Situation sollten sorgfältig geprüft werden. Die Wertentwicklung in der Vergangenheit ist kein zuverlässiger Indikator für zukünftige Ergebnisse. Bitget übernimmt keine Haftung für etwaige Verluste. Die hierin enthaltenen Informationen sind nicht als Finanzberatung auszulegen. Weitere Informationen finden Sie in unseren Nutzungsbedingungen.

Ein Foto zu dieser Mitteilung finden Sie unter https://www.globenewswire.com/NewsRoom/AttachmentNg/c5896ba2–052c–4cfa–8f39–e222f41ad1be


GLOBENEWSWIRE (Distribution ID 1001042140)

BitMEX Launches Multi Asset Margining: Simplifying Trading for Derivatives Markets

MAHE, Seychelles, Jan. 08, 2025 (GLOBE NEWSWIRE) — BitMEX, the OG crypto derivatives exchange, is announcing the launch of Multi Asset Margining. This game–changing feature allows traders to use multiple margin currencies – including USDT, USDC, ETH, and XBT (Bitcoin) – to trade derivatives contracts without the hassle of asset conversions or wallet transfers. The tool was designed to streamline the trading process, enhance flexibility, and increase capital efficiency, empowering users to trade with more currencies of their choice, with the list of currencies to expand in the future.

With the addition of Multi Asset Margining, users can open and maintain positions using currencies other than a contract’s settlement currency. This eliminates the step of time–consuming asset conversions, allowing users to hold multiple currencies to gain exposure to diverse markets simultaneously.

Unlike the requirements set on most exchanges, BitMEX ensures a frictionless trading experience—users can deposit their preferred currency and start trading immediately without needing to shuffle funds between wallets.

Stephan Lutz, CEO of BitMEX said, “The launch of Multi Asset Margining on BitMEX marks a transformative milestone in simplifying trading for our users and to enhance their capital efficiency. By removing the need for tedious asset conversions and wallet transfers, this feature not only simplifies the trading process but also unlocks new opportunities for our users to maximise their capital and engage seamlessly with the crypto derivatives market. As we look to 2025 and the next decade, we want to affirm our commitment to creating a more accessible and efficient crypto trading ecosystem.”

How Does Multi Asset Margining Work?

BitMEX’s new Multi Asset Margining system automatically allocates a user’s funds to meet the margin requirements of their positions in the most efficient way possible. Traders can easily enable the feature through their account settings and monitor their available margin on the Wallet page.

To get started:

  1. Navigate to the order form on the left side of the trading UI.
  2. Click on the ‘Single Asset’ button on the top left corner of the order form. In the pop–up window, select ‘Multi Asset Margining’.
  3. The ‘Single Asset’ button should be changed to ‘Multi Asset’.
  4. Start trading with a preferred margin currency.

For the full details on how Multi Asset Margining works on BitMEX, visit the FAQ page here or the BitMEX blog.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter and its online communities. For further inquiries, please contact press@bitmex.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ccd5092–6b64–4546–a4a6–d84595141170


GLOBENEWSWIRE (Distribution ID 1001042033)

Bitget Expands BGB Ecosystem with Morph Chain Integration and $1.1M Liquidity Pool on Bulbaswap

VICTORIA, Seychelles, Jan. 08, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce the cross–chain integration of its native token, Bitget Token (BGB), onto the Morph Chain. This strategic move marks another milestone in expanding BGB's on–chain ecosystem and its commitment to empowering users with expanded accessibility and utility.

With the integration, BGB is now available on the Morph Bridge, facilitating seamless token transfers across multiple blockchains. Bitget has also launched a liquidity pool for BGB on Bulbaswap, the central trading and liquidity marketplace on Morph, with the Total Value Locked (TVL) exceeding $1.1 million within days of its launch. Users can now participate in the liquidity pool to earn rewards while supporting BGB's ecosystem growth.

To incentivize on–chain activities related to BGB, participants of The Great Token Migration (Morph Zoo Season 2) can include BGB in their bridging activities to earn Morph Points. Eligible actions include bridging BGB from Ethereum to Morph, bridging it back from Morph to Ethereum, and holding BGB on Morph to accumulate Season 2 points. Bitget Wallet users benefit from a 1.2x multiplier on bridge scores during the event.

Gracy Chen, CEO of Bitget, commented on the integration: “Our commitment to BGB's long–term growth and utility remains resolute. By bridging BGB to the Morph Chain and introducing new liquidity pools, we are expanding its reach and providing users with more opportunities. This integration aligns with our vision to make BGB a cornerstone of both decentralized and real–world applications, empowering the BGB community to participate in the evolving Web3 ecosystem fully.”

The Morph Chain integration is aligned with Bitget's broader strategy to enhance BGB's utility in both on–chain and off–chain scenarios. Recently, Bitget unveiled a new BGB whitepaper, outlining its ambitious plans for the token's future. Key initiatives include a buyback and burn program to establish a deflationary model to support long–term value. The first phase of this initiative has seen 800 million BGB burned, representing 40% of the total supply.

The whitepaper also outlines plans to position BGB as a core asset for staking, liquidity provision, and on–chain DeFi applications. Additionally, Bitget is actively working on integrating BGB into PayFi use cases, enabling real–world utility that includes payments for dining, travel, and shopping via the Bitget Card.

In 2024, BGB demonstrated remarkable growth, achieving a tenfold increase over the year and solidifying its position as one of the best–performing exchange tokens. According to CoinMarketCap, BGB now ranks #25 with a market capitalization of 74 billion.

Morph is an advanced Layer 2 scaling solution built on Ethereum, designed to enhance transaction speed and reduce costs while maintaining Ethereum’s security and decentralization. Backed by leading investors such as DragonFly Capital, Pantera Capital, and Foresight Ventures, Morph launched its mainnet in late 2024, introducing seamless cross–chain bridging and supporting a growing ecosystem of decentralized applications (dApps).

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real–time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world–class multi–chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

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Erratic Sales and Government Apathy Hurt Telangana Weavers

Siddipet cotton fabric being woven. Credit: Rina Mukherji/IPS

Siddipet cotton fabric being woven. Credit: Rina Mukherji/IPS

By Rina Mukherji
SIDDIPET, POCHAMPALLY & KOYALAGUDDEM, India, Jan 8 2025 – The southern Indian state of Telangana has always been home to exquisite cotton and silk weaves. But in recent years, lack of market access, expensive inputs, and government apathy have taken their toll on the weaving community. As a result, the younger generation is refraining from pursuing this traditional occupation and opting for more lucrative pursuits.

This is evident when one visits the weaving towns of the state. Take Siddipet, which is about 100 km from the metropolitan city of Hyderabad. Siddipet has always been known for its exquisite cotton saris and stoles. But today, only about a hundred wizened individuals, spread over seven handloom cooperatives, still weave.

Srivikailasam is a renowned middle-aged weaver who was honoured by the Chief Minister with the Konda Laxman Bapuji Award. His saris, dupattas and stoles are prized items in the export market. Yet none of his children—a son and two daughters—want to inherit his craft.

Another weaver, known as Ilaiyah, has been weaving for the past 60 years, since he turned 15. Yet his children have turned their backs to weaving.

Yadagiri has also been weaving for the past 60 years, like his fellow weavers. But neither his son nor daughter are interested in learning to weave.

Master weaver Mallikarjun Siddi, who also owns a marketing outlet in Siddipet, followed his father, renowned weaver Buchaiah Siddi, into the profession. But his children have opted out of this traditional occupation.

However, Siddi defends the youngsters.

“Why would youngsters want to adopt a profession that pays so little? A weaver earns Rs 1000 (USD 11.82) a day here, and it takes three full days to weave a sari. A job in the IT hub of HiTech City in Hyderabad fetches a lot more.”

Worse, the Telangana government does not subsidize electricity; this has resulted in the Siddipet weavers continuing to use handlooms instead of switching to powerlooms, making their work even more tedious and hard. Electricity is Rs 10 (USD 0.12) a unit. If subsidized, the cost comes down to Rs 1 (US$ 0.012) per unit. Power loom machinery is expensive, ranging from Rs 1.5 lakh to 6 lakh (USD 1773.5 to USD 7101). With electricity subsidy, a weaver can bear the burden. Otherwise, it is not possible. Hence, even today, you see only handlooms here,” explains Siddi.

Master weaver Laxman Tadaka prepares his materials. Credit: Rina Mukherji/IPS

Master weaver Laxman Tadaka prepares his materials. Credit: Rina Mukherji/IPS

Marketing the product is also tough. The government buys the product at higher rates but does so lackadaisically. “Their representatives come only once a year, and although the payment is higher, it is not immediate. Private parties come regularly, and often, pay immediately,” say weavers.

The story is hardly any different in Pochampally, world-renowned for its ikat silk weaves. Ikat here can be either single ikat or double ikat, with the second being even more expensive. The yarn has to be initially soaked and then dyed before weaving. Since ikat weaves require every thread of the yarn to be dyed separately, a power loom can never be used. Thus, ikat weaves, whether cotton or silk, must be woven on a handloom, as master weaver Laxman Tadaka points out. The silk yarn comes from Bengaluru and is priced at Rs 4500 (USD 53.20) per kilogram. A weaver needs an average of 6 kg of yarn to weave seven saris a month. To bear the cost of inputs and the effort, a weaver must make enough sales. “The 15 percent subsidy extended by the government can hardly suffice,” Tadaka points out.

Rudra Anjanelu, manager of the Pochampally Handloom Weavers Cooperative Society, says they are dependent on subsidies.

“Our silk saris are expensive. But we cannot afford to give discounts unless the government supports us. A major problem is the 5 percent Goods and Services Tax (GST) that has now been imposed by the central government. It makes saris and other silk products even more expensive.”

In the past, the state government used to render marketing support through its outlets, offering the products to customers at discounted prices, especially during the festive season, while subsidizing weavers. This is not forthcoming anymore, making it tough for weavers.

Most weavers have to rely on the Telangana State Handloom Weavers Cooperative Society Limited (TSCO), their apex cooperative, to sell their product.

“We had suggested a method to jack up our sales. The Telangana government has a Kalyanalakshmi scheme, wherein parents of girls are given Rs 1 lakh (USD 1182.32) for their daughter’s wedding. Along with the money, the government could easily provide a sari worth Rs 10,000 (USD 118.23) for the bride. This will help us weavers too, while helping the parents with the bridal trousseau,” Anjanelu says.

Besides, most weavers are not happy with the quality of the subsidized yarn provided by the government through the National Handloom Development Corporation.

Muralikrishnan, a weaver from Koyalaguddem, a village renowned for its cotton ikat, laments, “The yarn provided by the government is of inferior quality and this, in turn, can affect the quality of our end product. It is unlike what we get from private traders.”

Moreover, as Anjanelu points out, “Yarn has to be paid for. When sales are down, how can weavers buy any yarn?”

A big challenge for handloom weavers remains the flooding of markets by printed duplicates, which sell at a fraction of the price of handloom fabric.

On hindsight, though, it is not as if nothing was done for weavers by the Telangana government. However, if weavers have not experienced long-term benefits, could this be attributed to the outcome of the ballot?

The previous Chandrashekhar Reddy (state) government, for instance, introduced a 36-month savings-cum-insurance scheme for weavers termed the Thrift Scheme, wherein the government contributed an amount matching the investment made by an individual.

In Pochampally, land was also sanctioned for a handloom institute, and a handloom park was set up on the outskirts of the town. However, with a new Chief Minister getting elected, the plans came to naught. The Handloom Park too suffered from bad planning. Weavers who had set up shop at the park now have to market their products from their homes.

It is ironical that the weavers of Pochampally, Koyalaguddem and Siddipet find it tough to sell their exquisite weaves, despite being located in the vicinity of metropolitan Hyderabad, which boasts of an upwardly mobile population with high disposable income.

Notwithstanding the problems faced, there are a few who have found a solution. Dudyala Shankar and Muralikrishnan of Koyalaguddem have diversified their range of products to include ikat fabric and bedsheets, alongside traditional saris, dupattas, and stoles. Muralikrishnan has been accessing markets all over India through the internet, from his dusty little village.

“It is the only way out,” he tells me.

Indeed, the World Wide Web can certainly fill in where humans cannot. Product diversification and market access translating into sales may ultimately wean back the younger generation to keep the weaving tradition alive in Telangana and prevent it from dying out.

IPS UN Bureau Report

 


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Colombia’s Historic Child Marriage Ban

Credit: Fundación Plan/Instagram

By Inés M. Pousadela
MONTEVIDEO, Uruguay, Jan 8 2025 – Colombia has just marked a historic milestone in the global campaign against child marriage, with the Senate passing one of Latin America and the Caribbean’s most comprehensive bans on child marriage and early unions. In a country where one in five girls under 18 and one in 10 under 14 are married or live in marriage-like conditions, the new law raises the minimum age to 18 with no exceptions, eliminating a 137-year-old Civil Code provision that allowed children over 14 to marry with parental consent. This achievement aligns with goal 5 of the Sustainable Development Goals (SDGs), which has a target of eliminating harmful practices like child marriage by 2030. The new law now awaits the signature of President Gustavo Petro to come into effect.

The breakthrough

Child marriage disproportionately affects Colombia’s most vulnerable communities, with rates of between 40 and 65 per cent among rural, Indigenous and Afro-Colombian populations. In some communities, girls as young as 10 are married off. These early unions expose girls to unequal power relations, deny them education, limit their bodily and economic autonomy and lead to higher rates of gender-based violence and health issues linked to early pregnancy.

The passage of the #SonNiñasNoEsposas (‘They are girls, not wives’) bill reflected the power of persistent civil society advocacy. After several failed attempts since 2007, the bill, authored by two congresswomen, passed with unanimous support. This success was driven by a coalition of Colombian civil society organisations as part of the Girls Not Brides global network, including the Foundation for Gender and Family Development, Fundación Plan and Profamilia, working alongside international partners such as Equality Now and Plan International, with Girls Not Brides directly supporting legislative advocacy and media campaigns.

Beyond raising the marriage age, the new law establishes the National Comprehensive Programme for Life Projects for Children and Adolescents. This preventive initiative targets the structural causes of early unions – poverty and lack of education – particularly in remote rural areas. The programme includes the participation of Indigenous communities through their own governance structures, recognising the importance of cultural sensitivity in implementation.

The global landscape

Colombia is by no means alone in having a child marriage problem. Around the world, some 12 million girls are married each year, two million before the age of 15. While child marriage can affect boys as well, girls are six times more likely to be married as children than boys.

According to the Child Marriage Monitoring Mechanism, a collaborative initiative to generate evidence to support efforts to end child marriage, one in five young women worldwide are married before their 18th birthday, with rates highest in sub-Saharan Africa.

To tackle this problem, The Elders, a group of senior public figures, launched the global Girls Not Brides partnership in 2011. With over 1,400 member organisations in more than 100 countries, Girls Not Brides works to prevent under-age marriage, recognising it as both a human rights violation and an obstacle to development. It identifies four main drivers of child marriage: poverty, limited educational and economic opportunities, gender inequality and insecurity in conflict or disaster situations. It tackles the problem with awareness-raising campaigns, national and international policy advocacy and community engagement to challenge social norms that perpetuate child marriage.

Since then, efforts have multiplied. In 2016, the United Nations Population Fund and the United Nations Children’s Fund (UNICEF) launched the Global Programme to End Child Marriage. Now in its third phase, set to run until 2030, the programme operates in 12 high-prevalence countries in Africa, the Middle East and South Asia. Working directly with governments, it has reached millions of adolescent girls, focusing on education, healthcare and economic opportunities.

Regional-level initiatives include the South Asian Initiative to End Violence Against Children, which works in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka, and the African Union’s Campaign to End Child Marriage in Africa, launched in 2014 in 10 high-prevalence countries and later expanded to 30.

Many more initiatives work at national and local levels. They combine multiple responses, including working with religious and community leaders to change social norms, supporting girls’ education and economic empowerment, engaging with men and boys on gender equality, advocating for stronger laws and their enforcement, providing support services to girls at risk of child marriage, using media and technology to raise awareness and change attitudes and building networks of young advocates and change-makers.

Progress and challenges

These efforts have contributed to a global decline in child marriage rates. According to UNICEF, the proportion of young women married as children has decreased from 25 per cent to 21 per cent over the past decade, meaning that 25 million child marriages have been prevented. However, the global number of child brides is still estimated at 650 million, including girls under 18 who have already married and adult women who married as children.

The average annual rate of reduction has been 0.7 per cent over the past 25 years and 1.9 per cent over the past decade, showing the impact of recent initiatives. But at this rate, the SDG target of eliminating the practice by 2030 won’t be achieved.

Setbacks have been caused by the COVID-19 pandemic, climate change, conflict and economic instability. Wherever insecurity rises, so does child marriage, as parents see early marriage of daughters as a financial and security solution. During Syria’s conflict, for example, the rate of child marriages shot up among refugees in countries such as Jordan and Lebanon.

Looking ahead

Colombia’s new law marks significant progress, but it’s just the beginning, as evidenced by the fact that many of the early marriages that take place in Colombia would have been illegal under the old law.

The real work of implementation begins now. Colombia’s efforts over the next few years will be crucial in demonstrating how legislative change can translate into real protection for vulnerable girls. For Latin America and the Caribbean, it should open up opportunities for strengthened cross-border cooperation and similar legislative reforms.

Colombia’s comprehensive approach could serve as a model for change in a region where many countries still have legal exceptions that allow child marriage under some circumstances, while others have strong laws that aren’t adequately implemented.

While the declining trend in global child marriage rates offers hope, the current pace of change remains far too slow. Colombia’s example shows that significant progress is possible through sustained, multi-stakeholder commitment and comprehensive approaches that change laws but also address underlying social dynamics. The international community must build on this momentum. This means scaling up successful initiatives, increasing funding for civil society organisations and maintaining political pressure.

Inés M. Pousadela is CIVICUS Senior Research Specialist, co-director and writer for CIVICUS Lens and co-author of the State of Civil Society Report.

For interviews or more information, please contact research@civicus.org.

 


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Sudan’s Humanitarian Crisis Expected to Worsen in 2025

The United Nations Security Council Meets on Protection of Civilians in Armed Conflict in Sudan. Credit: UN Photo/Manuel Elías

By Oritro Karim
UNITED NATIONS, Jan 8 2025 – As the Civil War rages on in Sudan, the nationwide humanitarian crisis continues to worsen. Armed conflict has caused an escalation in civilian casualties and displacement in the past few months. Additionally, famine looms in the nation’s most conflict-impacted areas, which is exacerbated by tightened restrictions that impede humanitarian aid deliveries. Despite numerous calls for a cessation of hostilities by the international community, relief efforts are severely underfunded.

In 2025, humanitarian organizations seek to assist approximately 21 million people in Sudan, which is roughly half of the country’s population. However, this number is projected to increase following the escalation of armed hostilities recorded in December of 2024. According to a report from the UN Human Rights Office (OHCHR), the ongoing siege in El Fasher, the capital city of Sudan, left at least 782 dead and 1,143 injured from May 2024 to December 2024.

According to Edem Wosornu, the Director of Operations and Advocacy for the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), the Zamzam refugee camp, the nation’s largest refuge for internally displaced persons, has faced severe shelling in the final weeks of 2024. Approximately 80 people were killed and 400 were injured as a result of artillery shelling in western Darfur. Civilians and humanitarian aid groups, including Doctors Without Borders (MSF), have attributed these casualties to hostilities perpetrated by the Rapid Support Forces (RSF).

Nathaniel Raymond, the executive director of Yale University’s Humanitarian Research Lab, described the current situation in the Zamzam camp as a “kill box”. The escalation of warfare has forced Sudanese refugees to move toward dangerous RSF territories or toward the barren deserts where they face the risk of starvation. “We can see from space people camping under trees, on the side of the road. They’re going out of the frying pan and into the fire,” said Raymond, adding that many of these people have been severely injured or immunocompromised.

On January 6 2025, the United Nations (UN) Security Council warned that famine conditions are projected to spread throughout Sudan if humanitarian organizations do not effectively intervene soon. According to Wosornu, famine is present in five areas, including the Zamzam, Al Salam, and Abu Shouk camps, as well as regions in the western Nuba Mountains.

The Integrated Food Security Phase Classification (IPC) states that five additional regions, including Um Kadada and El Fasher, as well as 17 other high-risk areas, could face severe famine-like conditions by mid-2025. Women, children, and the elderly are predicted to be disproportionately affected.

According to the Food and Agriculture Organization (FAO) Deputy Director Beth Bechdol, the vast scale of famine is a direct result of extended warfare, displacement, and restricted humanitarian access. Additionally, the IPC report states that “only an immediate cessation of hostilities can prevent the crisis from worsening.”

It is crucial for humanitarian organizations to have unimpeded access to critically endangered areas in Sudan. The Adre border crossing, which provides direct passage from Chad to some of Sudan’s most affected areas, has seen numerous delays and blockages of aid. According to Wosornu, “key areas in South Kordofan are effectively cut off from external assistance,” while “visas for humanitarian personnel are not being granted swiftly enough”.

The start of 2025 is a major tipping point for the Sudan crisis as action must be taken now to ensure stability for millions of Sudanese people. Bechdol states that “immediate and unimpeded” humanitarian access is urgent at this time for humanitarian organizations to be able to deliver “multi-sectoral humanitarian assistance”.

The 2025 Humanitarian Needs Response Plan seeks approximately 4.2 billion dollars to provide life-saving assistance to 21 million Sudanese civilians that are struggling to stay alive. The funding from this plan would help to restore basic services such as access to food, water, and shelter, as well as protection services. “The risk of famine and its spread has been on our collective conscience since August, and now it is here, not only with people dying from hunger, but also with a breakdown of health systems, livelihoods and social structures,” warns Bechdol.

IPS UN Bureau Report

 


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