Fintech PR
Crypto Investments Surge as Global Markets Gear Up for Trump’s Inauguration
USA News Group Commentary
Issued on behalf of Spearmint Resources Inc.
VANCOUVER, BC, Jan. 17, 2025 /PRNewswire/ — Markets around the world are already banking on a Trump-fueled crypto boom ahead of the US President Re-Elect’s upcoming inauguration. It’s been just over a year since the SEC legalized bitcoin spot ETFs, and the impact continues to gain momentum on stocks involved with crypto. In 2024, crypto was one of the two drivers that drove gains in the year’s top 5 tech stocks, especially after Donald Trump’s election victory in November. Now cryptocurrency-related stocks have become a must-watch in today’s market, with developments coming from such as examples as Spearmint Resources Inc. (CSE: SPMT) (OTCPK: SPMTF) (WKN: A2AHL5), KULR Technology Group, Inc. (NYSE-American: KULR), MARA Holdings, Inc. (NASDAQ: MARA), Coinbase Global, Inc. (NASDAQ: COIN), and Robinhood Markets, Inc. (NASDAQ: HOOD).
The article continued: According to analysts at Research and Markets, the Global Market for Cryptocurrency was estimated at US$1.3 Billion in 2023 and is projected to reach US$1.8 Billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030. Meanwhile, Spherical Insights published a report that the Global Digital Asset Trading Platfom Market size is expected to grow from US$2.49 in 2023 to US$10.99 billion by 2033, at a CAGR of 16.01%.
Spearmint More than Doubles its Crypto Exposure
Spearmint Resources Inc. (CSE: SPMT) (OTCPK: SPMTF) (WKN: A2AHL5), recently announced that it more than doubled its crypto holdings via additional purchases of Solana. Solana is a crypto-computing platform that aims to achieve high transaction speeds without sacrificing decentralization. It seeks to improve scalability through a different approach in the blockchain industry, combining a proof-of-history (PoH) consensus with the blockchain’s underlying proof-of-stake (PoS) consensus. This approach has attracted interest from a diverse range of traders, from small-scale individuals to institutional entities. Solana claims it can process around 50,000 transactions per second. Solana is both a cryptocurrency and a flexible platform for developers building decentralized applications (dApps) across various industries, including DeFi, gaming, non-fungible tokens (NFTs) and financial derivatives.
“In an effort to be as proactive as possible towards building shareholder value, management feels that diversifying into Solana specifically holds the highest potential for growth within the crypto space,” said James Nelson, President of Spearmint. “We are taking advantage of the dip and have recently made additional Solana purchases resulting in more than doubling our initial position. We intend to continue this crypto diversification plan of action for the foreseeable future and will update the market regarding this strategy in the short and long term.”
The move comes months after Spearmint announced its intention to diversify into crypto, back in November 2024, using a port of its cash on hand to dip into the crypto market.
“With the Republican Party winning the USA election, the sentiment towards crypto has become much friendlier,” said Nelson in the crypto diversification announcement. “We plan to take a portion of the cash on hand and move it into the highest quality portions of the crypto market. Management feels that the longer term prospects of high quality crypto may outperform the banking rates and it makes sense to allocate a portion of our cash on hand to this area.”
Outside of its crypto assets, Spearmint Resources is also developing plans for its 4,722-acre George Lake South Antimony Project in New Brunswick, Canada, capitalizing on antimony’s strong performance over the past year, and anticipated new highs due to China’s recent export ban for the metal.
Spearmint also highlights its lithium holdings in Clayton Valley, Nevada, which show potential for both lithium clay and lithium brine. With growing interest in domestically sourced lithium projects, Spearmint is optimistic about increased market attention in 2025. While sentiment around lithium and electric vehicles (EVs) has been negative in recent years, recent data shows global EV sales are on the rise, with momentum strengthening rather than weakening.
Other recent industry developments and happenings in the market include:
KULR Technology Group, Inc. (NYSE-American: KULR), a leader in advanced energy management platforms, recently announced a significant expansion of its Bitcoin Treasury. The Company has increased its bitcoin purchases for its Bitcoin Treasury by an additional $21 million to reach a total of $42 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $98,393.58 per bitcoin, inclusive of fees and expenses.
The strategic move aligns with the company’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein KULR committed up to 90% of its surplus cash reserves to be held in bitcoin. KULR recently introduced “BTC Yield” as a key performance indicator (KPI) to measure the percentage change in bitcoin holdings per share, providing a transparent view of the accretive impact of its Bitcoin Treasury strategy. From its initial bitcoin purchase in December 2024 to January 4, 2025, KULR achieved a BTC Yield of 93.7%, funded through surplus cash and its At-The-Market equity program, while emphasizing that BTC Yield is a supplementary metric and not a measure of MARA Holdings, Inc. (NASDAQ: MARA) kicked off 2025 by announcing it had surpassed its hash rate target after reporting a solid month of Bitcoin production, marking a significant milestone in its mining operations in December.
“In December, we surpassed our year-end hash rate target of 50 EH/s while improving our fleet efficiency to 20 J/TH,” said Fred Thiel, Chairman and CEO of MARA. “We mined 249 blocks, the second most blocks in a month on record. Our energized hash rate increased to 53.2 EH/s, a 15% improvement over November, while BTC production declined 2% to 890 BTC, primarily due to a slight decrease in luck. While some of our bitcoin and hash rate was acquired outside of our own pool, MARAPool achieved an impressive annual hash rate growth of 168% in 2024, exceeding bitcoin’s network growth rate of 49%. These results underscore the substantial progress we’ve achieved in expanding our operations and enhancing performance, further solidifying our leadership within the industry.”
In 2024, MARA acquired 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC, bringing its total holdings to 44,893 BTC, valued at $4.2 billion based on a spot price of $93,354 per BTC. The company’s year-end BTC yield per diluted share reached 62.7%, with 7,377 BTC loaned to third parties to generate additional returns. By combining mining operations with strategic bitcoin purchases during price declines, MARA leverages a hybrid approach to optimize acquisition costs and maintain a competitive edge. This strategy strengthens its position and aligns with its commitment to delivering long-term shareholder value.
Coinbase Global, Inc. (NASDAQ: COIN), recently scored a big win against the SEC as a judge agreed to escalate a dispute over definitions of crypto securities. Coinbase won its latest legal battle against the SEC, when U.S District Judge Katherine Failla ruled the company can take a closely watched case—which turns on which cryptocurrencies are securities—directly to the U.S. Court of Appeals for the Second Circuit.
Although the ruling doesn’t guarantee Coinbase will win on the core securities issue, it does speed up the timeline for a definitive decision. Judge Failla’s 23-page ruling highlights the disagreement among judges on enforcing securities laws in the crypto sector, aiming to resolve the issue as it progresses through higher courts. However, the appeals court must first agree to hear the case.
“Over the strenuous objection of @SECGov, Judge Failla has GRANTED our motion for leave to pursue an interlocutory appeal and STAYED the district court litigation,” said Paul Grewal, Chief Legal Officer of Coinbase in a post on X. “We appreciate the Court’s careful consideration. On to the Second Circuit we go.”
Robinhood Markets, Inc. (NASDAQ: HOOD), recently settled its own SEC charges for $45 million, just one day after its head of crypto went on Fox Business to give his 2025 outlook under the incoming Trump administration. Robinhood’s CEO Vlad Tenev went on with the BBC back in December to express his concerns that cryptocurrencies and the crypto industry were under a ‘relentless assault’ by the outgoing Biden administration, opining that the next administration will be very good for business.
Looking ahead, Robinhood is set to release its Q4 and FY 2024 financial results on February 12, 2025 after market close. Robinhood Markets provides a platform for trading cryptocurrencies, allowing users to buy, sell, and hold popular digital assets like Bitcoin and Ethereum alongside traditional investments. As of recent reports, cryptocurrencies account for a significant portion of Robinhood’s transaction-based revenue, exposing the company to the volatility and regulatory risks of the crypto market.
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LONDON, March 14, 2025 /PRNewswire/ — AI to Replace Civil Servants and Save £45 Billion: What Does This Mean for Insurance?
The UK government is betting big on AI. Prime Minister Sir Keir Starmer has pledged to replace civil servants with artificial intelligence, calling the state “overcautious and flabby” and promising sweeping reforms. The goal? To cut inefficiencies and save taxpayers £45 billion through automation.
With thousands of government jobs under review and AI well-suited for routine tasks, the civil service could unlock unprecedented efficiency – saving an estimated £45 billion while empowering its workforce
Will the Government’s use of AI legitimise its use in wider industry? Are their parallels within insurance?
The insurance industry faces the same challenges as a market that’s burdened with time-consuming, manual data entry and administrative tasks. AI is poised to change that by automating these processes, allowing underwriters to focus on higher-value decisions, resulting in faster, more accurate quotes, better risk management and a more competitive insurance market.
Much like in government, AI can reduce operational costs in insurance by eliminating repetitive tasks such as keying (and re-keying) submissions, document analysis, and manual risk evaluations. By leveraging AI, insurers can significantly speed up the quote process, improve efficiency and lower premiums.
Rewriting the Underwriter job description
However, AI isn’t replacing underwriters; it’s redefining their roles. As Starmer put it, “No person’s time should be spent on a task where AI can do it better, quicker, and to the same high quality.”
For underwriters, this signals a shift from administrative work to strategic decision-making, portfolio expansion, and coverage innovation. Instead of spending time on data entry or outsourcing submissions for manual processing, underwriters will be free to focus on evaluating complex risks and maximising capacity deployment.
AI won’t make you obsolete; but your competitors using it might
As the government leads the charge in AI-driven reform, the insurance sector must follow. AI is not just a tool for cost-cutting, it’s a powerful driver of efficiency, customer experience, and competitive advantage.
The question is no longer if AI will reshape underwriting but how quickly insurers will adopt it. Those who embrace AI may well outpace their competitors. Those who don’t? They risk being left behind, because AI won’t replace underwriters – but underwriters who use AI will replace those who don’t.
About Concirrus
Concirrus revolutionizes underwriting in specialty and commercial insurance with AI-driven solutions that turn hours-long processes into decisions made in seconds. Founded in 2012, it serves sectors like aviation, transportation, marine, surety, construction, political violence, and terrorism. Trusted by leading insurers, its AI analytics streamline operations, optimize risk assessment, and empower smarter, faster decisions in a rapidly evolving industry. To learn more, visit: https://concirrus.ai
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Fintech PR
The 137th Canton Fair: Strengthening Middle East Trade Ties with Successful Promotion Events
GUANGZHOU, China, March 14, 2025 /PRNewswire/ — The 137th Canton Fair is coming this April. Recognized as the largest trade fair in China, the fair successfully conducted a Middle East roadshow in February, with trade promotion events in Qatar, Saudi Arabia and United Arab Emirates.
“The Canton Fair provides a one-stop service platform for the global business community to trade commodities, exchange ideas and align rules and policies. The 137th Canton Fair will open on April 15, and we cordially invite Middle East enterprises to join the exhibition to strengthen cooperation and achieve win-win with global business partners,” said Ma Fengmin, Deputy Director General of China Foreign Trade Centre.
On February 13, the 137th Canton Fair Promotion Workshop was successfully held in Doha. Ali Saeed Bu Sharbak Al Mansori, the Acting General Manager of the Qatar Chamber (QC), praised the strong Qatar–China relations, noting China’s importance as one of Qatar’s most important trade partners and the noticeable developments in various fields, especially in economic and trade sectors. He emphasized the significance of the Canton Fair and Qatar Chamber’s commitment in fostering business ties and partnerships between Qatar and China. GAC (Guangzhou Automobile Group) highlighted the Canton Fair as a bond of friendship and a bridge for trade, encouraging the Qatari business community to attend the Canton Fair.
The Canton Fair working group also visited manufacturing group QIMC, home furniture chain Nabina Group, premium department store Blue Salon and Doha Exhibition and Convention Center.
On February 16 and 17, the Canton Fair working group hosted two promotion conferences in Riyadh and Jeddah, Saudi Arabia, and over 130 local representatives attended the conferences to exchange ideas and promote trade cooperation. He Song, Minister-Counsellor for Economic and Commercial Affairs at the Chinese Embassy in Saudi Arabia, stated that bilateral trade between China and Saudi Arabia has significantly expanded in recent years. Saudi Arabia’s exports to China are extending from traditional energy to diversification, while China’s exports to Saudi Arabia, including mechanical and electrical equipment, automobiles, new energy products, and IT equipment, are also becoming increasingly abundant. Saudi buyer representative highlighted the Canton Fair’s importance for sourcing goods, expanding business, and giving Saudi factories a global platform. Midea expressed that the Canton Fair serves as a global opportunity engine, accelerating the building of mutual trust and promoting shared growth. ToGo power said that the Canton Fair is an excellent platform for finding new suppliers, developing exclusive product lines, and establishing strategic partnerships.
Subsequently, the working group continued to visit the local home furniture retailer Saco and retail enterprise Bin Dawood, and attended the Big 5 exhibition, where they engaged with some of the exhibitors.
In Dubai, the 137th Canton Fair Promotion Conference held on February 19 was attended by about 100 partners and guests. Wang Xiaojia, Counsellor of the Chinese Consulate-General in Dubai, highlighted the strengthening economic ties between China and the UAE. The Canton Fair has become a premium platform for deepening cooperation between two countries. UAE enterprises are welcomed to join the 137th session and further expand business cooperation. Danube Group Vice Chairman and Milano Founder Anis Sajan reflected on his long-standing attendance at the Fair since the early 2000s, commending China’s robust supply capabilities and the event’s role in gathering global business opportunities. Haricharan DTP, Haier Gulf Electronics LLC sales Director, noted that the Canton Fair provides a window for communication, a stage to showcase the strength and image of the enterprise, and promotes technological innovation and industrial upgrading.
The working group visited Dubai World Trade Centre, port and logistics enterprise Gulftainer, Expo Centre Sharjah, retailer LULU, overseas warehouses of cross-border e-commerce companies as well as Gulfood tradeshow.
As an important milestone in building the online platform of the fair, the Canton Fair App now brings integrated online and offline experience for exhibitors and buyers, and serves as a 365-day, uninterrupted business matchmaking platform.
The 137th Canton Fair will be held from April 15 to May 5, 2025 in Guangzhou. To download the Canton Fair App, please visit https://cief.cantonfair.org.cn/en/app/appintro.html.
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Fintech PR
MEXC Lists AO (AO), Expanding Support for Decentralized Computing and AI Innovation with a 140,000 USDT Prize Pool
VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency trading platform, announces the listing of AO (AO) on both spot and futures markets, scheduled for March 14, 2025, at 06:00 (UTC). To mark the occasion, MEXC is launching an Airdrop+ rewards event with a 140,000 USDT prize pool, providing users with multiple opportunities to engage with AO and explore its potential within the decentralized computing space.
Unleashing AO: MEXC Supports the Future of Decentralized Computing and AI Agents
AO is a decentralized ultra-parallel computing network that expands on-chain computation while ensuring all operations remain verifiable and permanently recorded. Built on Arweave’s permanent storage, AO features an actor-oriented architecture, where modular programs (actors) operate independently, select their own virtual machines (VMs), consensus mechanisms, and payment models, and communicate through a standardized messaging layer. With self-triggering execution and autonomous agent capabilities, AO enables efficient DeFi strategies, automated DEX trading, and AI-driven applications, unlocking a new era of decentralized computing.
By listing AO, MEXC reinforces its commitment to supporting cutting-edge innovations at the intersection of AI, blockchain infrastructure, and decentralized computing. As demand for on-chain processing and AI-powered applications grows, MEXC provides AO with critical market access, deep liquidity, and an engaged global user base to accelerate its adoption and utility. Beyond just a listing, MEXC plays a crucial role in fostering the adoption and development of innovative blockchain projects across AI and DePIN. With a strong trading community, strategic marketing initiatives, and a track record of launching high-potential assets, MEXC provides projects like AO with the tools to gain visibility and traction within the crypto ecosystem. Through this listing, MEXC continues to connect users with the latest blockchain advancements, ensuring accessibility to next-generation decentralized infrastructure.
Celebrate AO’s Listing with a 140,000 USDT Prize Pool
MEXC, known for quickly listing trending tokens, expands its offerings with AO (AO). The AO/USDT trading market officially launched in the Innovation Zone on March 14, 2025, at 06:00 (UTC), followed by the introduction of the AO USDT perpetual futures at 06:10 (UTC), offering adjustable leverage from 1x to 50x with both cross and isolated margin modes.
To celebrate the listing of AO (AO) on MEXC Spot and Futures, MEXC is launching a series of exclusive events from March 13, 2025, at 12:00 (UTC) – March 23, 2025, at 10:00 (UTC), giving both new and existing users the opportunity to earn USDT bonuses and other rewards while engaging with the AO ecosystem.
- Event 1: Deposit to Share 72,000 USDT (New User Exclusive)
New users who trade AO spot (≥ $100) or futures (≥ $500) can earn a 30 USDT bonus, with a total of 72,000 USDT up for grabs.
- Event 2: Futures Challenge — Trade to Share 50,000 USDT in Futures Bonuses (Open to All Users)
Each user can receive up to 5,000 USDT in Futures bonuses.
- Event 3: Invite New Users & Share 18,000 USDT (Open to All Users)
- Event 4: Spread the Word and Win Rewards
Your Easiest Way to Trending Tokens
MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
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