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China’s Largest AI-Themed ETF Hits Milestone, Reflecting Promising Global Trend and Growing Investor Interest

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HONG KONG, Dec. 18, 2023 /PRNewswire/ — As of December 13th, the E Fund CSI Artificial Intelligence Thematic ETF, the largest of its category, reached a milestone with AUM approaching US$617 million. Managed by E Fund Management (“E Fund” or “the Company”), the largest fund management company with offices in mainland China and Hong Kong, this ETF tracks the CSI Artificial Intelligence Index, which composed of 50 leading companies across artificial intelligence value chain in China.

The recent AI hype has sparked a sense of excitement among investors and the E Fund CSI Artificial Intelligence Thematic ETF recorded a remarkable weekly inflow of US$14 million in December.

Globally, the growing momentum of AI was mainly driven by rapid advancement in large language models and expanded hardware opportunities. On November 6th, OpenAI released the new GPT-4 Turbo model which is more capable, supporting a 128K context window, and has knowledge of world events up to April 2023. To help developers scale applications, GPT-4 Turbo demonstrated improvement in lower prices and higher rate limits.

Meanwhile, major breakthrough in hardware devices was observed with the launch of the AI pin, a digital personal assistant housed in a tiny piece of hardware that can clip to a wearer’s clothes. Powered by large language AI models from OpenAI and a Qualcomm Snapdragon processor, the gadget can serve as a smartphone alternative, to send text, take photos and interact with ChatGPT-like virtual assistant.

In China, the trajectory of AI development, particularly regarding self-developed large language models and computing power, is ramping up. The domestic industry’s full potential is yet to be tapped. As supportive policy incentives take shape, fostering an enabling environment for AI-led innovation, it is believed that investors can unlock opportunities with AI-themed ETFs to gain exposure to companies at the forefront of artificial intelligence revolution.

About E Fund

Established in 2001, E Fund Management Co., Ltd. (“E Fund”) is a leading comprehensive fund manager in China with over RMB 3 trillion (USD 420 billion) under management.* It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund’s clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. Long-term oriented, it has been focusing on the investment management business since inception and believes in the power of in-depth research and time in investing. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers.

Data as of Sep 30, 2023. FX rate is sourced from PBoC as at end of September, 2023.

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Uniswap Kicks Off $35M UNI AirDrop Amid Trump’s Bold Crypto Vision for the USA

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NEW YORK, Jan. 24, 2025 /PRNewswire/ — Uniswap, the world’s leading decentralized exchange in the DeFi ecosystem, has announced the Official $UNI AirDrop. This groundbreaking $35M distribution marks a significant milestone in its journey toward decentralized financial empowerment. This exciting initiative coincides with the Uniswap Foundation’s announcement of Uniswap Version 4, with deployments set to begin today, signaling another leap forward in the platform’s evolution. Meanwhile, the crypto world is abuzz with momentum, fueled by former U.S. President Donald Trump’s bold plans to establish the United States as the global capital of blockchain and cryptocurrency.

Uniswap’s $UNI AirDrop: Celebrating Growth and Innovation

The $35M AirDrop comes as Uniswap celebrates an impressive 120.76% year-over-year growth in 2024. This initiative rewards both loyal and new users, underscoring Uniswap’s dedication to fostering community engagement and innovation in decentralized finance.

The AirDrop also coincides with heightened investor interest, with whales beginning to accumulate $UNI tokens following Uniswap Foundation’s recent announcements. This highlights the growing confidence in Uniswap’s ecosystem and its potential for long-term growth.

Interested participants can review eligibility requirements on Uniswap’s official website, ensuring a secure and transparent process for everyone involved.

Uniswap V4: The Next Chapter in Decentralized Finance

Uniswap’s Version 4 is set to roll out today, bringing groundbreaking improvements to the protocol. Designed to enhance efficiency, scalability, and user experience, V4 introduces innovative features that solidify Uniswap’s position as the industry leader in DeFi.

This latest update not only benefits the platform’s users but also sets the stage for increased adoption and integration across the broader blockchain ecosystem.

Trump’s Vision and Uniswap’s Alignment

The AirDrop and V4 deployment comes at a time when Donald Trump’s vision to establish the USA as the global crypto capital is reshaping the industry narrative. With Bitcoin breaking records and institutional interest surging, Uniswap’s initiatives align seamlessly with the renewed focus on decentralization and financial freedom.

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Uniswap’s ability to anticipate market trends and deliver unparalleled value to its users has positioned it at the forefront of these transformative changes.

Jupiter’s Simultaneous Airdrop Sparks Broader Market Momentum

Uniswap’s AirDrop announcement comes in the midst of significant developments across the DeFi ecosystem. Jupiter, a Solana-based platform, has recently issued a $630M airdrop of its native JUP tokens, propelling its market cap up by 87% to $3.5 billion. This surge in activity highlights the increasing competition and innovation within the decentralized finance space, with platforms racing to reward their communities and expand their reach.

The dual momentum of Uniswap’s $UNI AirDrop and Jupiter’s recent initiatives underscores a new wave of growth and collaboration in the DeFi sector, further solidifying its role in shaping the future of global finance.

This January 2025 has proven to be a groundbreaking month for the crypto space, marked by historic milestones and unprecedented momentum. Bitcoin’s meteoric rise to its all-time high of $100K has reignited global interest in digital assets, while Ethereum and Solana have seen significant gains, driven by innovative developments and strong investor confidence. Meanwhile, the DeFi sector is thriving, with platforms like Uniswap and Jupiter leading the charge through impactful initiatives, including massive airdrops that have reshaped user engagement. This surge of activity has not only reinforced crypto’s role as a transformative financial ecosystem but has also set the tone for an exhilarating year ahead in blockchain and decentralized finance.

Whale Activity Signals Strong Confidence

In addition to the AirDrop, recent data has shown a surge in whale activity, with large investors beginning to accumulate $UNI tokens. This follows Uniswap Foundation’s latest announcements and highlights the growing market confidence in the platform’s future prospects.

As Uniswap continues to innovate with initiatives like V4 and significant reward campaigns, it further solidifies its role as the leading decentralized exchange and a driving force in the crypto space.

How to Participate in the $UNI AirDrop

To participate in the $35M $UNI AirDrop, users are encouraged to visit Uniswap’s official website to confirm their eligibility and review the claiming process. With this initiative, Uniswap reaffirms its commitment to rewarding its community and promoting decentralization.

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For real-time updates and further information, follow Uniswap’s verified social media channels and stay informed about this historic AirDrop and future developments.

About Uniswap

Uniswap is the world’s leading decentralized exchange, empowering millions of users to trade tokens securely and efficiently on the blockchain. Known for its commitment to innovation and transparency, Uniswap continues to set the standard for decentralized finance and global financial systems.

Contact:
Uniswap Foundation
[email protected]
Matthew Elder

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Silver Gene to Present at DxPx Conference Europe 2025: Showcasing Genetic Solutions for Chronic Symptoms and Autoimmune Diseases

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FRISCO, Texas, Jan. 24, 2025 /PRNewswire/ — Silver Gene, a pioneer in nutritional genetic technology and personalized health solutions, is proud to announce its participation in the upcoming DxPx Conference Europe, taking place in Düsseldorf, Germany January 26-27th.

The conference, renowned as a global gathering for leaders in diagnostics, precision medicine, and digital health, will serve as a platform for Silver Gene to share its innovative approach to addressing chronic symptoms rooted in genetic and autoimmune conditions.

Silver Gene’s presentation will highlight the company’s cutting-edge methodology, which combines advanced nutritional genetic technology with the expertise of a nationwide network of physicians. By analyzing multifactorial genes and identifying underlying genetic causes, Silver Gene provides comprehensive evaluations designed to eliminate toxins, restore health, and deliver lasting solutions for patients who have struggled to find answers elsewhere.

“At Silver Gene, our mission is to bring clarity and healing to patients who have been searching for solutions to chronic symptoms and elusive health issues,” said Dennis Hooper, CEO at Silver Gene. “We are honored to join industry leaders at DxPx Europe to share our breakthroughs in personalized healthcare and explore collaborative opportunities that can further revolutionize patient outcomes.”

DxPx Industry & Investor Partners Conference Europe is the premier forum for connecting companies in the life sciences and healthcare industries. Known for its focus on diagnostics and precision medicine, the event attracts investors, innovators, and key decision-makers from across the globe.

Silver Gene invites attendees to visit its booth, schedule one-on-one meetings and learn more about its transformative approach to addressing genetic and autoimmune health challenges. Attendees will also have the opportunity to engage with the team to discuss potential partnerships, collaborations, and investment opportunities.

For more information about Silver Gene and its participation at DxPx Conference Europe, please visit Silver Gene’s website link or the official DxPx conference website.

About Silver Gene
At Silver Gene, we are dedicated to transforming lives by addressing chronic symptoms that stem from genetic problems and autoimmune diseases. Through the expertise of our nationwide network of physicians and cutting-edge genetic technology, we identify the root causes of elusive health issues. By analyzing a wide array of multifactorial genes, we pinpoint the problematic ones and create personalized, comprehensive health evaluations. Our goal is to eliminate toxins from the body, restore well-being, and provide lasting solutions for patients who have long struggled to find answers. At Silver Gene, we are committed to delivering clarity, healing, and a path to a healthier future.

Media Contact: [email protected]

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Fintech Pulse: Your Daily Industry Brief – January 24, 2025 (Pomelo Group, Arrow Checkout, Open Payments, HSBC, Zing, DoubleCheck)

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The fintech landscape is buzzing with activity today as innovative startups and seasoned industry leaders make headlines. From acquisitions to groundbreaking launches and funding rounds, these developments underscore the relentless pace of innovation in the financial technology sector. Here’s your comprehensive daily fintech briefing, featuring the latest updates and analysis.


Pomelo Group Acquires Arrow Checkout: A Power Play in Singapore Fintech

Pomelo Group, a leading name in the payment technology space, has announced its acquisition of Arrow Checkout, a fellow Singapore-based fintech company specializing in seamless online payment solutions. This strategic move not only strengthens Pomelo’s portfolio but also signals its commitment to becoming a dominant force in the Asian payment ecosystem.

Why This Matters:
Consolidation in fintech is nothing new, but this acquisition highlights how regional players are vying for dominance in Asia’s burgeoning e-commerce market. Singapore’s fintech scene has been thriving, and with this merger, Pomelo Group is poised to offer a more comprehensive suite of services to merchants looking for efficient, secure, and scalable payment solutions.

Commentary:
This acquisition could set the stage for further M&A activity in Southeast Asia, as fintech firms race to gain competitive advantages. Pomelo’s move shows that innovation and growth in fintech aren’t confined to the West—Asia remains a hotbed for cutting-edge developments.

Source: Fintech Finance News


The Gender Gap in European Fintech Funding: A Glimmer of Progress?

Stockholm-based Open Payments has raised €3 million in its latest funding round, marking a significant milestone for female founders in European fintech. Led by Louise Brandt, the company’s API-driven platform empowers businesses to integrate banking and payment systems seamlessly.

Why This Matters:
Despite ongoing challenges, Open Payments’ success reflects a slow but encouraging shift toward better funding opportunities for female-led fintech companies in Europe. Historically, women founders have faced an uphill battle in securing venture capital, but this story highlights that persistence and innovation are winning out.

Commentary:
Louise Brandt’s leadership and the company’s ability to raise €3 million indicate a turning point for underrepresented groups in fintech. While Europe still has a long way to go, Open Payments’ triumph serves as a testament to the growing appetite for diversity and inclusion in financial technology.

Source: Tech Funding News, EU-Startups

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HSBC’s Closure of Zing Marks a Stark Warning for Neobanks

HSBC recently announced the closure of Zing, its digital-first challenger bank, due to profitability challenges. The news comes as a blow to neobank enthusiasts and raises questions about the viability of digital-only banking ventures in today’s competitive environment.

Why This Matters:
The closure highlights a recurring theme in fintech: profitability versus innovation. While neobanks have disrupted traditional banking, the struggle to maintain sustainable business models is evident. HSBC’s decision to wind down Zing underscores the difficulties of scaling digital-only offerings while competing against established players.

Commentary:
For startups, HSBC’s retreat may serve as a cautionary tale. Neobanks must focus on diversifying their revenue streams and offering unique value propositions to thrive in an increasingly saturated market.

Source: Sifted


DoubleCheck Names New CEO Amid Strategic Expansion

DoubleCheck, a fintech company revolutionizing overdraft management, has appointed Bryan Weatherford as its new CEO. With his extensive background in financial services and leadership, Weatherford is expected to drive the company’s growth and further establish its market presence.

Why This Matters:
Leadership transitions often signal new phases of growth and strategic shifts. DoubleCheck’s appointment of Weatherford highlights its ambition to expand its offerings and increase adoption of its innovative approach to managing overdrafts—a long-overlooked pain point in consumer banking.

Commentary:
With financial inclusion and customer-centricity becoming critical pillars of fintech innovation, DoubleCheck’s leadership shake-up may pave the way for broader adoption of fair and transparent financial tools.

Source: Fintech Finance News


SC Ventures and kiya.ai Unveil Akashaverse for Inclusive Digital Experiences

SC Ventures, the innovation arm of Standard Chartered, and fintech innovator kiya.ai have teamed up to launch Akashaverse, a digital ecosystem designed to promote inclusivity in financial services. The platform leverages the latest in AI, blockchain, and metaverse technologies to create immersive digital experiences tailored to a wide range of users.

Why This Matters:
Akashaverse represents a significant leap in bridging digital divides and making financial services accessible to underserved populations. By integrating cutting-edge technology into a user-friendly platform, SC Ventures and kiya.ai aim to redefine how financial services are consumed.

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Commentary:
The launch of Akashaverse demonstrates the growing importance of collaboration in fintech. It’s a prime example of how partnerships between established financial institutions and nimble fintech startups can lead to transformative solutions.

Source: IBS Intelligence


Open Payments Secures €3 Million to Accelerate Growth

In addition to its groundbreaking impact on diversity in fintech, Open Payments’ €3 million funding round is set to drive its ambitious growth strategy. The company plans to enhance its API-driven platform, which streamlines bank and payment system integrations, and expand its reach across Europe.

Why This Matters:
As APIs continue to be the backbone of fintech innovation, Open Payments is positioning itself as a leader in this space. With fresh funding, the company can accelerate its mission to make financial services integration seamless and efficient.

Commentary:
This funding round not only validates Open Payments’ business model but also signals growing investor confidence in fintech infrastructure companies. As open banking gains traction, solutions like Open Payments are becoming increasingly vital.

Source: EU-Startups


From strategic acquisitions and funding milestones to leadership transitions and digital ecosystem launches, today’s fintech stories showcase the resilience and innovation driving the industry forward. As the sector evolves, certain key themes emerge:

  • Regional Focus: Stories like Pomelo Group’s acquisition and Akashaverse’s launch highlight how regional initiatives are shaping global trends.
  • Diversity and Inclusion: Open Payments’ success underscores the growing importance of leveling the playing field for underrepresented groups in fintech.
  • Sustainability of Business Models: The closure of Zing serves as a reminder that profitability must go hand in hand with disruption.

For stakeholders, staying ahead requires a keen eye on these trends and a willingness to adapt. As fintech continues to redefine traditional financial services, one thing remains clear: innovation is the heartbeat of this industry.

Fintech Pulse will return tomorrow with more insights, updates, and analysis.

The post Fintech Pulse: Your Daily Industry Brief – January 24, 2025 (Pomelo Group, Arrow Checkout, Open Payments, HSBC, Zing, DoubleCheck) appeared first on News, Events, Advertising Options.

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