Fintech PR
Bitget to Burn $120 Million worth of BGB for Upcoming Quarterly Burn
VICTORIA, Seychelles, April 10, 2025 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a significant update to the burn mechanism of Bitget Token (BGB). This enhancement introduces a utility-based model that ties BGB’s quarterly burn amount to its on-chain usage, signifying the token’s evolution towards higher transparency, compliance, and sustainable token value
To better reflect the growing integration of BGB across centralized and decentralized ecosystems, the new burn mechanism links quarterly burn volumes to the amount of BGB used for on-chain gas fees through Bitget Wallet’s GetGas accounts. By anchoring the burn to real usage, the model facilitates BGB’s transformation as a key asset within Web3 and real-world applications. The burn formula accounts for BGB’s usage as gas fees, quarterly average price, and predefined constants to ensure a dynamic and verifiable process.
The first quarterly burn under this new mechanism has now been calculated. In Q1 2025, 6,943.63 BGB were topped up in Bitget Wallet’s GetGas accounts for on-chain gas fee usage. Based on the new formula, a total of 30,006,905 BGB will be burnt in this quarter. All data related to the burn — including transaction records and wallet addresses — are publicly accessible on-chain to ensure full transparency.
“BGB is becoming a vital bridge between centralized and decentralized ecosystems. By linking its burn mechanism to actual on-chain utility, BGB’s quarterly burn amount can evolve with real usage. This update incentivizes adoption and enables transparent and sustainable tokenomics,” said Gracy Chen, CEO of Bitget. “As BGB continues to expand its role in on-chain ecosystems, a more sustainable burn mechanism can be expected.”
Bitget Token (BGB) is the utility token that fuels the entire Bitget ecosystem, spanning both its centralized exchange and decentralized wallet. BGB can be staked to earn passive income or qualify for popular token airdrops via Launchpool and PoolX. It also unlocks early access to high-potential Web3 projects through Launchpad and LaunchX. On-chain, BGB is used to cover multi-chain gas fees in Bitget Wallet. Holding BGB grants users exclusive perks such as VIP-level upgrades and profit-sharing opportunities for elite traders. More than just a token, BGB is a gateway for users to engage with, influence, and grow alongside the Bitget ecosystem.
Earlier this year, the BGB ecosystem was strengthened by permanently burning 800 million team-held tokens, representing 40% of the total supply. Following this burn in January 2025, the total supply was reduced to 1.2 billion, with 100% now in circulation.
Launched in July 2021 at an initial price of 0.0585 USDT, BGB reached an all-time high of 8.5 USDT in December 2024 — delivering over 100x in cumulative gains. According to CoinMarketCap, it now ranks among the top three CEX native tokens by market cap and is listed as a top 30 crypto asset.
For more information, visit this link.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange 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.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
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View original content:https://www.prnewswire.co.uk/news-releases/bitget-to-burn-120-million-worth-of-bgb-for-upcoming-quarterly-burn-302425658.html
CHARLOTTE, N.C., April 17, 2025 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) reported its first quarter 2025 results today. Investors can access the live first quarter 2025 earnings call at 8 a.m. ET today by webcast or dial-in as follows:
- Webcast: app.webinar.net/KNd8VGQjew3
- Dial-in: 1-877-883-0383, passcode 0999346
The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist’s First Quarter 2025 Quarterly Performance Summary, which contains detailed financial schedules, are available at Truist’s Investor Relations website at https://ir.truist.com/earnings. A replay of the call will be available on the website for 30 days.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $536 billion as of March 31, 2025. Truist Bank, Member FDIC. Learn more at Truist.com.
View original content:https://www.prnewswire.co.uk/news-releases/truist-reports-first-quarter-2025-results-302430810.html
PORT VILA, Vanuatu, April 17, 2025 /PRNewswire/ — Vantage Markets, a globally recognized multi-asset CFD broker, has secured two prestigious awards at the UF Awards LATAM 2025, held during the iFX Expo Mexico 2025.The broker was honored with “Best Multi-Asset Broker” and “Best Mobile Trading App.” These accolades underscore Vantage’s ongoing commitment to delivering exceptional trading experiences and technological excellence to clients.
Hosted by Ultimate Fintech, the UF Awards LATAM celebrates outstanding achievements and innovation in the fintech and online trading industry. This recognition reaffirms Vantage’s position as a globally trusted and forward-thinking broker.
This award recognizes Vantage’s robust and diversified product offerings, which include CFDs across forex, commodities, indices, shares, ETFs, and bonds. With access to deep liquidity, ultra-fast execution, and highly competitive trading conditions, Vantage empowers traders to diversify their portfolios and trade confidently across global markets.
Vantage’s mobile app has set new industry standards by offering an intuitive, high-performance trading experience that puts powerful tools directly into the hands of users. With real-time data, seamless navigation, customizable charts, advanced indicators, and AI-driven insights, the app equips traders with real-time data to make timely decisions – no matter where they are.
Commenting on the recognition, Marc Despallieres, CEO of Vantage Markets, said:
“We’re incredibly honored to be recognized by UF Awards LATAM for both our multi-asset offering and mobile trading app. These awards reflect the hard work and passion of our team, and our unwavering commitment to providing traders with the best tools, technology, and support. We are proud to continue investing in innovation and client-centric solutions to meet the evolving needs of our users.”
This additional recognition follows a series of recent accolades for Vantage, including recognition for its copy trading platform, trading reliability, and affiliate program. As the company continues to develop its global offering, Vantage remains focused on building technology-driven solutions that empower traders of all levels.
Visit Vantage Markets website, for more information about Vantage’s award-winning services and upcoming initiatives.
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING : CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.
Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.
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View original content:https://www.prnewswire.co.uk/news-releases/vantage-celebrates-dual-wins-at-uf-awards-latam-2025-302431389.html
HANOI, Vietnam, April 17, 2025 /PRNewswire/ — Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB) announced its consolidated first-quarter results 2025 with positive figures, reflecting robust performance.
Strong performance exceeds Q1/2025 KPIs
SeABank has delivered outstanding results in Q1/2025, sustaining growth momentum compared to the same period in 2024, particularly: PBT reached VND4,350 billion (US$168.14 million), fulfilling 269% of KPIs and marking a sharp YoY increase of nearly 189%. TOI hit VND5,820 billion (US$224.96 million), achieving 184% of KPIs and increasing by over 115% YoY. A standout contributor to this income growth was NoII, which surged to VND3,369 billion (US$130.22 million) – an increase of 378%, completing 340% of KPIs. Those positive results were driven by SeABank’s proactive expansion of non-credit services, effective cost control, enhanced risk management, and the implementation of strategic projects.
By the end of Q1/2025, total mobilization from customer deposits and valuable papers at SeABank reached VND189,993 billion (US$7.34 billion). Total lending balance was VND213,048 billion (US$8.24 billion) – a net year-on-year increase of VND3,693 billion (US$142.75 million).
Additionally, SeABank’s NPL ratio slightly declined to 1.84%, reflecting effective credit risk management amid ongoing macroeconomic challenges and a rising NPL trend across the banking sector. The debt coverage ratio was maintained at 81.81%, ensuring sufficient provision in line with regulatory requirements.
As of March 31st, 2025, SeABank’s total assets reached VND333,746 billion (US$12.9 billion), up 2.47% – equivalent to a net increase of VND8,047 billion (US$311.04 million) from December 31st, 2024; charter capital reached VND 28,450 billion (US$1.1 billion).
Enhancing international partnerships, expanding funding and supporting SME
In Q1/2025, SeABank continued its position as a trusted partner of international financial institutions to promote capital access for Vietnamese enterprises, thereby strengthening capacity and advancing focus on key business sectors.
By the end of March 2025, SeABank’s total international mobilization reached nearly US$1.1 billion, following an investment of US$80 million from the French Development Finance Institution (Proparco) and the Dutch Entrepreneurial Development Bank (FMO). This not only strengthens SeABank’s funding base to support SMEs and women-owned businesses, but also affirms the Bank’s reputation, operational efficiency, and effective capital utilization.
Besides, in Q1/2025, SeABank has completed transferring 100% of its stake in Post and Telecommunication Finance Company (PTF) to AEON Financial Service. This helped enhance the Bank’s capital base and financial capacity for scale expansion, technological investments, while driving sustainable business growth with strategic focus.
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View original content:https://www.prnewswire.co.uk/news-releases/seabank-reports-profit-before-tax-of-us168-14-million-in-q12025–302431364.html
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