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LeapX Unveils Trustless Cross-Chain Era with RGB++: The First Bitcoin Cross-Protocol Asset Leap Tool

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LeapX enables a bidirectional leap of Bitcoin native assets of all token standards to RGB++ assets, providing a trustless, seamless transition between L1 and L2, unlocking unlimited potential for the Bitcoin Ecosystem.

SINGAPORE, May 27, 2024 /PRNewswire/ — With the rise of protocols like Ordinals, Runes, RGB++, Stamp, Atomicals, and PIPE, the Bitcoin network has seen a proliferation of diverse assets, paving the way for innovative applications and commercial scenarios. However, due to underdeveloped and limited asset creation, Bitcoin native assets struggle to achieve efficient and secure interoperability, significantly hindering capital utilization and large-scale commercial adoption.

To address these market challenges, SRC20’s first trading platform, OpenStamp, recently launched LeapX, the first Bitcoin cross-protocol assets leap tool. LeapX enables Bitcoin native assets of all token standards  to leap bidirectionally to RGB++ assets, achieving trustless interoperability and seamless movement between L1 and L2, bringing more possibilities to the Bitcoin ecosystem.

Unlocking Bitcoin Native Asset Liquidity with RGB++ Protocol Integration

As market momentum picks up, the scale of the Bitcoin ecosystem assets continue to grow significantly, becoming an integral part of the crypto market. For example, according to GeniiData, as of May 27, there are over 89,000 BRC20 tokens with a market cap of $3.66 billion, covering more than 650,000 on-chain addresses. Atomical Market reports over 110 ARC20 tokens with a market cap of $110 million, while OpenStamp indicates approximately 136 SRC-20 tokens with a market cap exceeding $210 million.

Despite promising growth, Bitcoin native assets still lag behind other crypto sectors. Although protocols like Ordinals have opened up possibilities on the Bitcoin network, the lack of Turing Completeness in their scripting languages restricts these assets to mere trading, unable to unlock more complex application scenario. The incompatible token standards and fragmented ecosystem hinder the development of a cohesive Bitcoin ecosystem.

LeapX addresses these issues by integrating the RGB++ protocol through Bitcoin native asset protocol conversion, enabling a seamless leap across UTXO-based networks. RGB++ is a Bitcoin extension protocol that offers Turing-Complete contract functionality, enhancing transaction efficiency and performance while ensuring security and censorship resistance.

LeapX currently supports BTC assets like SRC20, BRC20, ARC20, and RUNES. Users can convert these assets to RGB++ assets with a single click, gaining advantages such as non-interactive transfers, transaction folding, and interoperability with CKB without cross-chain requirements. These assets can then participate in infrastructure and DeFi applications like DEXs, stablecoins, and lending protocols.

Achieving Trustless Cross-Chain Interoperability via Homomorphic Binding: Supporting Bitcoin L2 and Solana

As interest and transaction volume in the Bitcoin ecosystem grow, building the application layer has become a key narrative, with Layer 2 solutions (L2s) like BTCFi emerging to unlock Bitcoin asset liquidity.

From a technical perspective, the main approaches include sidechains, rollups, state channels, client-side validation, and multi-sig + EVM. Each approach has its own advantages in terms of security, nativity, and decentralization. Most Bitcoin L2s bridge L1 assets using cross-chain bridges, with multisig + Ethereum EVM being a common method. This allows users to deposit Bitcoin assets into a multi-sig address, minting corresponding assets on the EVM chain. However, supporting UTXO-based L1 assets requires cross-chain bridge solutions (such as lock + mint/burn) to bridge L1 assets and achieve performance expansion, facing market legitimacy concerns.

In the crypto “dark forest,” cross-chain bridges carry significant centralization risks. For Bitcoin L2s, achieving sufficient decentralization and ensuring asset security are fundamental to gaining user trust, which is crucial for their survival and the liquidity of the ecosystem.

In contrast, LeapX uses homomorphic binding technology to achieve asset “cross-chain” transfers. This allows users to circulate assets on L2 without the risks associated with cross-chain bridges, enhancing its legitimacy.

The homomorphic binding solution, often referred to as a “modded UTXO,” was introduced by the public blockchain Nervos CKB. According to its founder, Cipher, homomorphic binding leverages the homogeneity of the UTXO model to bind and map UTXO-based Bitcoin L1 protocol assets (including Runes, Atomicals, Taproot Asset, and Stamps) onto Nervos CKB’s Cells. It uses script constraints on both the CKB and Bitcoin chains to verify the correctness of state calculations and the validity of ownership changes. This method brings Turing-complete contract extensions and performance improvements to Bitcoin without requiring cross-chain bridges or compromising security. Compared to other Bitcoin L2 solutions, LeapX’s homomorphic binding technology offers users a safer, more convenient, and richer asset management experience. It allows L1 assets to participate more integrally in various L2 activities, thereby further enhancing the liquidity of Bitcoin assets.

Moreover, the security of Bitcoin‘s PoW consensus mechanism is well-known and has stood the test of time. Homomorphic binding also relies on a PoW-based public blockchain, ensuring maximum security and decentralization for Bitcoin L1 assets.

Currently, LeapX supports Bitcoin assets on UTXO-based L2s, such as CKB and OpenStamp’s native Bitcoin L2 project ContinentX, as well as the UTXO Stack chain. Additionally, LeapX facilitates seamless integration of Bitcoin L1 assets with high-performance blockchains like Solana, whose high throughput and thriving ecosystem will provide greater liquidity for Bitcoin assets. Notably, LeapX will offer airdrop rewards for staking and interacting with cross-chain assets.

As Bitcoin integrates more with mainstream markets, the influx of capital and resources will drive the ecosystem’s development, increasing the demand for interoperable L1 assets. Tools like LeapX address this need, enhancing Bitcoin L1 assets as core components of the Bitcoin ecosystem while enabling innovative and efficient use cases. Asset security, decentralization, and transaction efficiency are crucial factors determining the scale and value of the Bitcoin ecosystem.

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SOURCE OpenStamp

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China-Europe Youth Exchange Campaign: When Fashion Meets Football — A Green Pitch Appointment for Cross-Cultural Dialogue

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BEIJING, July 19, 2026 /PRNewswire/ — On July 18, in Rongjiang County, Guizhou Province, China, the much-anticipated Guizhou Village Super League staged several thrilling grassroots football matches, accompanied by a one-of-a-kind football culture creative showcase.

The showcase, themed Common Love, blended fashion runway elements with local music and dance, presenting 16 distinctive football-themed jersey designs. These featured Italian architectural graffiti, Brazilian color blocks, as well as motifs of the Great Wall, pandas, Chinese auspicious clouds, and ethnic patterns. The outfits were modeled by over 20 young people from diverse walks of life in Guizhou, while the designs themselves were contributed by more than 100 youth participants from over 20 countries and regions during the China-Europe Youth Exchange Campaign: When Fashion Meets Football.

Launched by the China Media Group, European and Latin American Languages Programming Center, the campaign took football as a shared global language. Through youth creative workshops and interactive exchanges, it encouraged young people worldwide to harness AIGC tools to design football jersey patterns, thereby deepening mutual understanding and strengthening friendship.

This initiative drew enthusiastic participation from youth across the globe, who engaged in online dialogues on sports culture and AI-driven creativity. Experts such as Ana Vasques, Executive President, IETI Artificial Intelligence & Creative Design branch; Giulio Cuomo, Professor of Video Production and AI at Accademia Italiana; and Dr. Zhang Youyu, Distinguished Research Fellow at Peking University, shared their insights based on the campaign’s outcomes. They emphasized that football has long transcended the realm of sport, evolving into a cultural symbol that embodies diverse civilizations. Meanwhile, the innovative application of artificial intelligence is opening new pathways for cross-cultural dialogue among global youth.

Video – https://www.youtube.com/watch?v=JhzZPHPk8IA

Photo – https://mma.prnewswire.com/media/3006669/20260719205937_131_59.jpg

View original content:https://www.prnewswire.co.uk/news-releases/china-europe-youth-exchange-campaign-when-fashion-meets-football–a-green-pitch-appointment-for-cross-cultural-dialogue-302829189.html

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Singtel Receives Four Frost & Sullivan 2026 Recognitions for Leadership in Enterprise Connectivity, Cybersecurity, and Digital Transformation

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The recognitions highlight Singtel’s leadership in secure connectivity, network transformation, IoT innovation, and cybersecurity, delivering customer value through intelligent digital infrastructure and AI-enabled enterprise services.

SAN ANTONIO, July 20, 2026 /CNW/ — Frost & Sullivan is pleased to honor Singtel with the 2026 Southeast Asia IoT Connectivity Service Provider Company of the Year, 2026 Singapore Network Transformation Customer Value Leadership, 2026 Singapore Cybersecurity Services Company of the Year, and 2026 Singapore SD-WAN and SASE Service Provider Company of the Year recognitions. These acknowledgements reflect Singtel’s outstanding achievements in delivering secure, intelligent, and scalable digital infrastructure that enables enterprises to modernize operations, simplify complexity, and accelerate digital transformation across Singapore and Southeast Asia. They underscore the company’s consistent leadership in strategy execution, customer value creation, and innovation across enterprise connectivity, cybersecurity, software-defined networking, and IoT connectivity services.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Singtel excelled in both, demonstrating its ability to anticipate evolving enterprise requirements while consistently translating long-term vision into measurable customer outcomes. Through platforms such as Singtel CUBΣ (CUBE) and its multidomestic IoT connectivity architecture, the company continues to unify networking, cybersecurity, automation, and AI-driven intelligence into integrated solutions that address the growing complexity of hybrid, multicloud, and connected environments. “Singtel has established itself as a benchmark for enterprise digital infrastructure by converging connectivity, cybersecurity, network intelligence, and IoT orchestration into a unified, customer-centric ecosystem. Its disciplined execution, platform-led innovation, and commitment to simplifying complex enterprise environments continue to strengthen operational resilience and deliver sustained value for organizations across the region,” said Kenny Yeo, Director at Frost & Sullivan.

Guided by a long-term strategy focused on digital innovation, intelligent infrastructure, and customer-centric transformation, Singtel has moved well-beyond traditional telecommunications to a trusted technology partner for enterprises navigating increasingly connected and data-driven environments. Its strategic investments in AI-enabled operations, cloud-native platforms, secure connectivity, and ecosystem partnerships enable organizations to modernize critical infrastructure while maintaining the flexibility to support future business growth.

The company’s strategic agility and sustained investment in integrated digital platforms have enabled it to scale innovative services across local, regional, and global enterprise environments. Innovation remains central to Singtel’s approach through solutions including the CUBΣ connected intelligence platform, multidomestic IoT connectivity powered by eSIM orchestration, managed cybersecurity services, AI-driven network automation, and network-as-a-service capabilities. These solutions simplify network and security management, strengthen cyber resilience, improve operational visibility, and provide enterprises with scalable, secure, and high-performing connectivity across cloud, edge, IoT, and hybrid infrastructures.

By streamlining service delivery through intelligent automation, centralized orchestration, proactive monitoring, and flexible managed and co-managed service models, Singtel continues to help organizations reduce operational complexity while improving service reliability and business agility. Its ability to integrate best-of-breed technologies in a unified operational framework, combined with strong regional network ownership and localized expertise, enables customers to confidently scale digital initiatives while maintaining security, governance, and operational excellence.

Frost & Sullivan commends Singtel for setting a high standard in competitive strategy, execution, and customer value across multiple technology domains. By combining intelligent networking, secure digital infrastructure, AI-enabled operations, and cross-border IoT capabilities in an integrated platform strategy, the company is shaping the future of enterprise connectivity while helping organizations build resilient, future-ready digital ecosystems.

Each year, Frost & Sullivan presents its Company of the Year and Customer Value Leadership recognitions to organizations that demonstrate outstanding strategy development and implementation, resulting in measurable improvements in customer satisfaction, competitive positioning, and business performance. These recognitions honor forward-thinking companies that continuously raise industry standards through innovation, operational excellence, and long-term value creation.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com

 

View original content:https://www.prnewswire.com/news-releases/singtel-receives-four-frost–sullivan-2026-recognitions-for-leadership-in-enterprise-connectivity-cybersecurity-and-digital-transformation-302829114.html

SOURCE Frost & Sullivan

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Foreign entrepreneurs find business opportunities and a home in Yiwu

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BEIJING, July 19, 2026 /PRNewswire/ — A report from People’s Daily:

Yiwu, a city in east China’s Zhejiang province, is neither a coastal hub nor a border town. Yet it has built a trade network that reaches across the globe. Today, the city is home to more than 10,000 foreign-invested businesses and around 38,000 foreign merchants who live and work there.

People’s Daily reporters recently visited Yiwu to meet foreign entrepreneurs who have built successful businesses and settled down in the city. They shared stories of growing alongside Yiwu and becoming part of its remarkable transformation.

“I wouldn’t be where I am today without Yiwu,” said Senegalese businessman Sourakhata Tirera, a sentiment he often expresses. He first came to Yiwu in 2003 to source hardware products and was immediately impressed by the Yiwu International Trade Market. He noted, “If you can’t find something here, it’s probably because you haven’t searched carefully enough.”

In 2007, Tirera opened a foreign trade agency in Yiwu. In 2012, leveraging Yiwu’s comprehensive foreign trade pilot reform project, he established a wholly foreign-owned trading company. Today, his company ships 200 to 300 containers every month, dealing in more than 1,000 product categories and providing one-stop sourcing services for clients across Africa.

“Everyone is fascinated by Yiwu because it’s a place full of opportunities. Things that once seemed impossible can become reality here,” Tirera told People’s Daily after he finished receiving a trade delegation from Gabon.

Yemeni businessman Maged Mohammed Ali Al-Huraibi came to Yiwu alone in 2008 to pursue his entrepreneurial dream and founded a cosmetics trading company. In 2024, Yiwu launched a one-stop entrepreneurship service for foreign talent, offering factory leasing, policy consultation, and talent recruitment. Seizing the opportunity, Al-Huraibi invested in a cosmetics factory early that year, successfully transitioning from trader to manufacturer.

“Yiwu made my entrepreneurial dream come true. Now I want to bring cosmetics made in Yiwu to even more countries and regions around the world,” Al-Huraibi said.

Yiwu’s success is not simply about gathering products. More importantly, it comes from the city’s ability to create what the market needs — pioneering new approaches where none exist and forging new paths through continuous exploration.

Nepalese businessman Khadka Raj Kumar first came to Yiwu in 2002. In 2011, Yiwu pioneered a dual-track system for representative offices and foreign-invested business entities, addressing challenges related to residency, employment and business operations for foreign entrepreneurs. The following year, Kumar established his own trading company in Yiwu and later bought a home there.

In 2013, Yiwu established China’s first people’s mediation committee dedicated to foreign-related disputes, inviting foreign businesspeople to serve as mediation processes. Kumar has served in this role since 2017 and has participated in resolving more than 150 foreign-related disputes.

“In Yiwu, we’re not outsiders — we’re part of the local community,” he said.

As Yiwu’s sixth-generation marketplace, the Yiwu Global Digital Trade Center marks the city’s transition from traditional trade to a digital trade ecosystem.

Pakistani businessman Sheikh Jamil, who has operated in Yiwu for 21 years, has witnessed this transformation firsthand. According to him, more and more business is now conducted online. With the help of AI, he can quickly generate product solutions tailored to different market demands. “I can do business with the whole world without leaving my office,” he said.

Yemeni businessman Hasan Mohammed entered Yiwu’s cosmetics business as a distributor a decade ago. In 2018, he registered his own cosmetics brand in Saudi Arabia. With its products registered in Saudi Arabia, manufactured in China and sold worldwide, his business model delivers both high-quality products and a strong competitive edge.

“Yiwu is more like an ecosystem where ideas can quickly become reality. It offers not only opportunities, but also the potential for continuous growth,” said Mohammed.

For Brazilian businesswoman Ana Garcia, Yiwu’s transformation from “Made in Yiwu” to “Created in Yiwu” has been fueled by broad support in branding, digital innovation and global expansion. She founded a business consultancy that helps overseas clients identify market opportunities and sourcing needs, connect with qualified suppliers, and manage every step of the supply chain — from product selection and quality inspection to logistics and customs clearance.

Yiwu belongs not only to China, but also to the world. Together with entrepreneurs from around the globe, the city will continue turning the impossible into the possible, further burnishing its reputation as the “world’s supermarket” and ensuring that products created in Yiwu benefit people in more countries.

View original content:https://www.prnewswire.com/apac/news-releases/foreign-entrepreneurs-find-business-opportunities-and-a-home-in-yiwu-302829158.html

SOURCE People’s Daily

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