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Gate Ventures, Movement Labs, and Boon Ventures Launch $20M Fund to Accelerate Web3 Innovation

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SAN FRANCISCO, Oct. 13, 2024 /PRNewswire/ — Gate Ventures, a global venture capital firm specializing in blockchain; Movement Labs, a leader in Move-based blockchain technology; and Boon Ventures, a prominent investor in emerging tech startups, today announced the establishment of a groundbreaking $20 million fund designed to transform the Web3 space. This strategic alliance will invest in cutting-edge projects and accelerate the development of Move-based blockchain technologies.

The fund will concentrate on four key areas:

Accelerating the adoption of Move-based blockchain solutionsEnhancing security and performance in decentralized networksSupporting projects that bridge Move and EVM ecosystemsDriving innovation in Web3 infrastructure and applications

“This $20 million fund marks a significant milestone in our mission to drive forward-thinking solutions in the Web3 ecosystem,” said Kevin Yang, Managing Partner at Gate Ventures. “By collaborating with Movement Labs and other visionary projects, we’re paving the way for the future of decentralized technology.”

Rushi Manche, Co-Founder of Movement Labs added, “This $20 million fund is a game-changer for the Move ecosystem. It’s a powerful validation of what we’re building at Movement Labs. Move’s capabilities in security and scalability are setting new standards in Web3. This fund will specifically be used to support builders building the future of secure decentralized finance, fully on-chain gaming and consumer, as well as decentralized physical infrastructure efforts.”

Teerus Boon-Long, CEO of Boon Ventures said, “This is the beginning of a great journey forward in the Web3 space. It’s not aimed at short-term goals but at building a promising future for a decentralized society.”

The partnership leverages the unique strengths of each entity:

Gate Ventures brings extensive resources, a global network, and deep experience in Web3 investments, enabling strategic partnerships and growth opportunities.Movement Labs offers profound expertise in Move-based blockchain technology, infrastructure and ecosystem building.Boon Ventures has a successful track record of empowering innovative startups across multiple sectors through funding, mentorship, and strategic guidance.

To help achieve its goals, the fund will implement several key initiatives:

Organize global hackathons to stimulate innovation in Move-based technologies and attract top talent.Establish a mentorship program connecting industry veterans with promising Web3 startups to provide guidance and expertise.Create a research grant program to advance blockchain interoperability solutions, fostering cross-ecosystem collaboration.Host quarterly thought leadership summits to address pressing challenges in the Web3 space and drive collective progress.

As the fund deploys its $20 million, the partners are committed to fostering innovation and driving the Web3 space forward. They will provide updates on investments, collaborations, and leading-edge technologies that will define the future of Web3, blockchain, and decentralized applications.

About Gate Ventures
Gate Ventures is the venture capital arm of  Gate.io, one of the world’s largest and most trusted cryptocurrency exchanges, specializing in early-stage investments in blockchain technology and digital assets. Our mission is to drive innovation and foster growth across the global blockchain ecosystem. By collaborating with industry leaders worldwide, we support visionary teams and startups that have the potential to reshape social and financial interactions. As a long-term investor, we are committed to offering comprehensive support to our portfolio companies, from product development and operational scaling to global expansion. Follow Gate Ventures on X for more updates.

About Movement Labs
Movement Labs develops the Movement Network, an ecosystem of Modular Move-Based Blockchains. The company is creating the first Move Virtual Machine L2 for Ethereum, along with open-source tools to promote Move adoption across blockchains. Their platform enables developers to launch high-performance Move VM rollups easily, bridging Move and EVM ecosystems. Backed by $38 million in Series A funding, Movement Labs is advancing Move-based technologies and blockchain interoperability in Web3. Follow Movement Labs on X and on Discord for updates.Movement Labs is on a mission to create a global community of Move builders, working together to increase the security, performance, and user experience of building in decentralized networks.

About Boon Ventures
Boon Ventures is a single-family office spun out of the Boon-Long family, one of the longest-established families in Thailand, in 2015. Since then, it has served as the alternative investment and advisory arm of the Boon-Long family. Boon Ventures is an independent, fast-moving organization with a strong network and partnerships both in Thailand and globally, driven by a mission to foster innovative change, long-term growth, and sustainable value.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

Photo – https://mma.prnewswire.com/media/2529336/Movement__Gate__Boon__1.jpg

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24X Expands Digital Assets Prime Brokerage Partnership with Standard Chartered

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Bitcoin and Ethereum to be offered alongside existing FX, NDF and Spot Trading

HAMILTON, Bermuda, Nov. 10, 2026 /PRNewswire/ — 24X Bermuda Limited (“24X“), one of a select few global platforms that offer both crypto spot and FX trading on a single, unified technology infrastructure, today announced that it has expanded its partnership with Standard Chartered to include digital assets Prime Brokerage. This expanded partnership will now enable trading in Bitcoin (BTC) and Ethereum (ETH) on 24X’s institutional-grade, multi-asset trading platform. Standard Chartered is a leading international banking group.

With this expansion, 24X becomes the first trading platform to offer both crypto and FX products with Standard Chartered acting as the central counterparty. This structure allows counterparties to face only Standard Chartered while accessing OTC liquidity through 24X, which operates the execution-only platform and handles liquidity configuration, matching and straight-through processing (STP). Globally recognized as a leading FX NDF platform and offering FX spot and swaps, 24X aims to apply that expertise to drive institutional adoption of digital assets.

24X and Standard Chartered’s Prime Brokerage business already give clients access to FX NDFs, FX Spot, FX Deliverable Swaps, FX Non-Deliverable Swaps, and Metals. Bitcoin and Ethereum trading will operate in a similar capacity. This announcement comes shortly after Standard Chartered served as liquidity taker for first spot cryptocurrency trades on the 24X platform, with Cumberland DRW and Wintermute serving as liquidity providers.

24X CEO and Founder Dmitri Galinov said, “Institutional interest in digital assets is rapidly increasing, and this expansion of our partnership with Standard Chartered will enable the 24X platform to continually meet that demand. Our crypto trading infrastructure delivers the deep liquidity, rigorous oversight, and the same seamless workflow global financial institutions have come to expect from 24X. We are proud to deepen our relationship as global markets continue to converge around digital assets.” 

24X Bermuda Limited’s cryptocurrency activity is regulated by the Bermuda Monetary Authority. 24X also offers Deliverable Swaps, Non-Deliverable Swaps, Metals and Spot products to institutional customers in addition to NDFs. Since its launch in 2019, 24X’s multi-asset offering through a single trading interface has enabled market participants to access increased liquidity at lower cost. Through its subsidiary 24X National Exchange, trading in U.S. equities is available 16/5 via broker-dealers who are approved members of the Exchange.

About 24X 
24X Bermuda Holdings LLC (“24X”) is a privately held company with two primary operating subsidiaries: 24X Bermuda Limited (“24X Bermuda”), which allows seamless and cost-effective exchange of currency exposures, metals and spot cryptocurrency; and 24X National Exchange LLC (“24X Equities”), the first national securities exchange approved by the U.S. Securities and Exchange Commission (SEC) to operate 23 hours each weekday. 24X’s mission is to enable cost-effective trades across a growing range of asset classes around the clock by lowering the cost of exchanging assets in the global markets and simultaneously delivering creative and unique workflows tailored to each asset class. 24X Bermuda is a registered Introducing Broker with the U.S. Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA ID #0556980). 24X Bermuda and its crypto activity are regulated by the Bermuda Monetary Authority. More information is available at https://www.24exchange.com.

Media Contact: 
Eric Andrus, KARV 
24Xmedia@karv.global 

View original content:https://www.prnewswire.co.uk/news-releases/24x-expands-digital-assets-prime-brokerage-partnership-with-standard-chartered-302934245.html

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Telecom Review Group Accelerates the Journey to 10Giga GCC with U6GHz

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DUBAI, UAE, Nov. 10, 2026 /PRNewswire/ — At the 20th edition of the Telecom Review Leaders’ Summit, held on October 20–21, 2026, at the Ritz-Carlton, Dubai Jumeirah Beach Residence, industry leaders examined how upper 6 GHz (U6GHz) spectrum and 5G-Advanced could accelerate the GCC’s journey toward 10 Gbps connectivity.

Moderated by Issam Eid, Group CMO and Partner at Telecom Review Group, the panel brought together Dr. Bilel Jamoussi, Deputy Director of ITU Telecommunication Standardization Bureau and Chief, Study Groups & Policy Department (SPD); Jawad Abbassi, Head of MENA, GSMA; Eng. Saif Bin Ghalita, Executive Director Technology Development Affairs, TDRA; Dr. Mahmoud Sherif, Head of Innovation and Technico Business Development, du; Dr. Ayman Elnashar, VP, Technology Strategy, Architecture & Innovation, etisalat; Steven Liu, Vice President of ICT Marketing and Solution Sales, Huawei Middle East and Central Asia; and Omar Samman, Head of Networks – Gulf, Ericsson.

Spectrum Policy Sets the Foundation

The UAE’s progress in commercial U6GHz deployment reflects the importance of forward-looking spectrum policy and regulatory coordination. Eng. Bin Ghalita outlined the country’s spectrum roadmap, including allocating 500 MHz in the 6 GHz band for indoor Wi-Fi in 2020 and subsequently designating 700 MHz, spanning 6.425–7.125 GHz, for International Mobile Telecommunications (IMT) in the 2024 National Frequency Plan.

These measures helped pave the way for commercial U6GHz deployments by etisalat and du. “For the U6GHz commercial launch, I would particularly like to recognize Huawei, with whom the UAE has had more than 25 years of engagement. Huawei has always delivered on its commitment,” Eng. Bin Ghalita mentioned. “This kind of collaboration is what turns our missions into tangible progress.”

Regulators must also address device compatibility and interference coordination.

“The regulator’s job does not end with spectrum assigned; it continues until the investment and the partnership translate into a better experience for society,” Eng. Bin Ghalita remarked.

The GSMA has pointed to growing international momentum behind U6GHz, with countries representing more than 80% of the world’s population now supporting mobile use of the band and more than 60 mobile ecosystem players supporting large-scale deployment. To advance the industry’s journey toward 6G, Abbassi stressed the importance of driving spectrum adoption while acknowledging and demonstrating the wider economic value of licensed U6GHz deployment.

“The licensed approach yields 7 times the economic benefits of keeping it in the unlicensed band,” noted Abbassi.

Dr. Jamoussi warned that divergent national approaches could fragment device and network ecosystems, increasing costs. “International harmonization will be essential to making advanced connectivity more affordable and interoperable,” he said.

Turning 10 Gbps Potential into Real-World Performance

U6GHz’s ultra-wide bandwidth is enabling significant advances in peak data rates, with du reporting a 10 Gbps peak data rate in a 5G-Advanced demonstration combining U6GHz and Sub-3 GHz spectrum. Dr. Sherif positioned the achievement as a milestone for the UAE’s wider telecommunications ecosystem.

“This achievement is particularly noteworthy given 5G-Advanced’s role in bridging 5G and 6G. There are so many key takeaways that we can evaluate as we pursue 6G commercialization,” highlighted Dr. Sherif.

Steven Liu identified fixed wireless access (FWA), mobile broadband, and AI-driven services as potential application areas, highlighting how U6GHz’s ultra-wide bandwidth supports higher-speed home broadband and demanding mobile applications, although actual performance will depend on network configuration and deployment conditions. Steven Liu emphasized that the industry can “bring a new level of innovative service and superior end-user experience to the market through U6GHz.”

Dr. Elnashar highlighted emerging enterprise offerings and AI-driven consumer applications. “It’s a journey that we started two or three years back with the first prototype of U6GHz in the UAE,” he remarked. “Following the trial where we demonstrated 10 Gbps downlink and uplink, I believe we are bridging the gap between wireless and fiber for the first time.”

Omar Samman highlighted rising uplink and low-latency demands from AI applications. “Uplink growth is no longer a prediction; it is already happening,” he said, noting the role of AI-enabled radio access network software and updated service-area planning.

Paving the Way for 6G Evolution

Following the panel, Allen Tang, President of Huawei’s Wireless Network & Cloud Core Network Marketing & Solution Sales, and Toni Eid, Founder of Telecom Review Group and CEO of Trace Media International, joined the panelists to officially mark the world’s first U6GHz commercial launch during an exclusive ceremony, highlighting the UAE’s progress in moving the technology from spectrum planning to commercial deployment.

The milestone underscored the region’s ambition to accelerate toward a 10 Gbps society. Achieving that vision, however, will require converged infrastructure, harmonized standards, device readiness, and sustainable investment. These factors will determine how effectively the GCC translates U6GHz potential into real-world connectivity and supports the transition to 6G.

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Blue Planet Strengthens Singapore-India Partnership with Uttar Pradesh Waste Infrastructure Agreement

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SINGAPORE, Nov. 10, 2026 /PRNewswire/ — Singapore-headquartered Blue Planet Environmental Solutions has signed a memorandum of understanding with the Government of Uttar Pradesh to advance integrated waste management infrastructure, marking a further step in Singapore–India collaboration on sustainable urban development.

The agreement establishes a framework for collaboration across scientific landfill remediation, fresh municipal solid waste processing and resource recovery. It reflects a shared focus on addressing accumulated waste while strengthening the infrastructure needed to manage the demands of urban growth.

The signing took place in Lucknow during a high-level Singapore Business Federation (SBF) delegation’s engagement with Hon’ble Chief Minister Shri Yogi Adityanath and senior government officials. Led by SBF Chairman Mark Lee, the visit built on dialogue following the Chief Minister’s visit to Singapore earlier this year, reinforcing business ties between Singapore and Uttar Pradesh.

For Blue Planet, the agreement represents an opportunity to bring its integrated waste management expertise to the state’s evolving environmental priorities. By connecting remediation with fresh waste processing and resource recovery, the collaboration aims to support a more coordinated approach to municipal waste management, enabling the productive use of recovered materials and land while reducing reliance on disposal.

Prashant Singh, Co-Founder & CEO, Blue Planet Environmental Solutions, said:

“Waste infrastructure is fundamental to how cities grow. Addressing legacy waste and managing the waste generated today must go hand in hand, supported by systems that recover resources and serve communities over the long term.

“Uttar Pradesh presents a significant opportunity to put this integrated approach into practice. This agreement deepens our commitment to the state and provides a foundation for sustained collaboration. We thank Hon’ble Chief Minister Shri Yogi Adityanath Ji and his team for their engagement and support, and look forward to bringing our operational expertise and execution capabilities to this shared ambition.”

The engagement underscores the growing scope for Singapore businesses to contribute specialised capabilities to India’s infrastructure development. Environmental services offer a meaningful avenue for such cooperation, bringing together international experience, local understanding and long-term operational partnerships.

Mark Lee, Chairman, Singapore Business Federation, said:

“Strong business relationships create the foundation for long-term cooperation between Singapore and India. Our continued engagement with Uttar Pradesh is helping businesses better understand the state’s priorities and identify where their capabilities can make a meaningful contribution.

“Blue Planet’s agreement illustrates how these relationships can translate into collaboration in an essential sector such as environmental infrastructure. We appreciate the engagement of Hon’ble Chief Minister Shri Yogi Adityanath Ji and his government, and look forward to supporting partnerships that deliver enduring value.”

Blue Planet will continue working with the relevant authorities to advance the collaboration in line with local requirements. The company’s focus will be on applying its remediation, treatment and resource recovery capabilities to support more resilient municipal waste systems and Uttar Pradesh’s broader development objectives.

About Blue Planet Environmental Solutions

Headquartered in Singapore, Blue Planet Environmental Solutions is an integrated waste management company with capabilities across the waste value chain. Its solutions span legacy waste remediation, municipal and industrial waste management, recycling and resource recovery, e-waste management, and organic waste and bioenergy. Blue Planet works with governments, municipalities and businesses to advance circular resource use and its mission of Zero Waste to Landfill.

For more information, visit www.blueplanet.asia.

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SOURCE Blue Planet Environmental Solutions

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