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BlackRock Set to Introduce Bitcoin ETP in Switzerland

BlackRock Inc., the world’s largest asset manager, is preparing to launch a Bitcoin Exchange-Traded Product in Europe, with plans to domicile the fund in Switzerland. The company could begin marketing the ETP as early as this month, according to sources familiar with the matter. This initiative marks BlackRock’s first crypto-linked ETP outside the United States.

The move comes in response to growing demand from both institutional and retail investors seeking exposure to digital assets. BlackRock’s U.S.-based iShares Bitcoin ETF , launched in January 2024, has accumulated nearly $60 billion in assets under management, reflecting significant investor interest in cryptocurrency-linked investment products.

In anticipation of this European expansion, BlackRock has established a Zurich-based entity, iShares Digital Assets AG, to focus on digital asset offerings. This strategic decision underscores the firm’s commitment to meeting the evolving needs of investors in the digital asset space.

However, the European market presents distinct regulatory challenges. The forthcoming Markets in Crypto-Assets Regulation in the European Union is set to introduce stringent requirements for crypto businesses, potentially making operations more complex compared to the U.S. market. Despite these hurdles, BlackRock’s decision to proceed indicates confidence in navigating the regulatory landscape and capitalizing on the growing appetite for cryptocurrency investments in Europe.

Industry analysts note that BlackRock’s entry into the European crypto ETP market could intensify competition among providers. Existing firms have already begun implementing measures such as fee waivers to attract investors. The fee structure of BlackRock’s new ETP remains undisclosed, but it is expected to play a crucial role in the product’s competitiveness and appeal to investors.

The success of BlackRock’s U.S. Bitcoin ETF has been attributed to increased participation from institutional investors, including sovereign wealth funds. Larry Fink, BlackRock’s CEO, has highlighted the potential for Bitcoin’s value to rise substantially if large-scale institutional investments continue. He suggests that even a modest allocation of 2% to 5% of assets by these investors could drive Bitcoin’s price significantly higher.

Cryptocurrencies Surge as Bitcoin Nears $100,000 Amid Market Volatility

Bitcoin has experienced a significant surge, approaching the $100,000 mark. As of February 10, 2025, Bitcoin is trading at $97,605, reflecting an increase of $636, or approximately 0.66%, from the previous close. The day’s trading range saw a high of $97,937 and a low of $94,747.

Ethereum, the second-largest cryptocurrency by market capitalization, is currently priced at $2,645.11, marking a slight decrease of $12.46, or 0.47%, from its prior close. Throughout the day, Ethereum’s price fluctuated between a high of $2,668.35 and a low of $2,541.34.

Solana has demonstrated notable growth, with its price reaching $204.14, an uptick of $2.40, or 1.19%. The day’s trading for Solana recorded a peak at $205.63 and a trough at $194.02.

XRP is currently valued at $2.43, experiencing a decline of $0.04, or 1.62%, from the previous close. The cryptocurrency’s intraday high was $2.47, with a low of $2.32.

The cryptocurrency market has been experiencing heightened volatility, influenced by various factors including geopolitical tensions and regulatory developments. Notably, recent policy decisions, such as the imposition of new tariffs by the U.S. on imports from Canada, Mexico, and China, have led to significant market reactions. These tariffs resulted in a substantial liquidation in the crypto market, amounting to $2 billion, with Bitcoin experiencing a 7.5% decline to $91,969, and Ethereum dropping by 20.1% to $2,510.

Despite these fluctuations, institutional interest in cryptocurrencies remains strong. Strategy Inc., formerly known as MicroStrategy, has raised an additional $584 million through the sale of preferred stock to further its $42 billion cryptocurrency acquisition plan. The company has acquired a total of 218,887 bitcoins between October 31 and January 26, underscoring the growing institutional adoption of digital assets.

Mutuum Finance’s Presale Attracts Major Investors Amid 1300% Growth Projections

Mutuum Finance, a decentralized lending protocol, is garnering significant attention in the decentralized finance sector. The platform’s presale phase has seen substantial participation from prominent investors, driven by projections of a 1300% increase in token value by its official launch.

The platform offers a dual-market approach: Peer-to-Contract and Peer-to-Peer . In the P2C market, transactions are automated through smart contracts, providing a secure method for users to supply or borrow assets. This market accepts only tokens that meet stringent safety and risk criteria, such as stablecoins like USDT or established assets like ETH, ensuring a safer environment for users aiming to minimize risk while earning or accessing funds. Conversely, the P2P market enables direct user-to-user transactions, allowing the exchange of a broader range of tokens, including newer or higher-risk assets like memecoins and recently launched cryptocurrencies. While these tokens carry higher risks, they also offer opportunities for users seeking potential higher returns. Both markets are powered by smart contracts, ensuring transactions remain secure, decentralized, and efficient across the platform.

The presale is structured across multiple stages, with the initial phase pricing MUTM tokens at $0.01. Early investors have the opportunity to secure tokens at this entry point, with the price set to increase in subsequent stages, culminating in a launch price of $0.06. This structure offers early participants a potential 1100% return by the time of the platform’s official launch. For instance, an investment of $1,200 at this stage could potentially grow to $13,200 at launch.

Analysts predict further price growth post-launch, driven by the platform’s live beta release and increasing community interest. Anticipated listings on top-tier centralized exchanges could further enhance the token’s value, with projections suggesting an additional 1100% increase or more.

To engage and reward its community, Mutuum Finance has announced a $100,000 giveaway. The prize pool will be divided among 10 winners, each receiving $10,000 worth of MUTM tokens. Participants are required to follow Mutuum Finance on social media platforms and actively engage with the community. Detailed instructions for participation are available on the official website.

DFI Retail Group Appoints New Chief Executive Officer for 7-Eleven for South China, Hong Kong, Macau and Singapore

HONG KONG SAR – Media OutReach Newswire – 10 February 2025 – DFI Retail Group (‘the Group’) today announced the appointment of Yoep Man (Yoep) as Chief Executive Officer for 7-Eleven for South China, Hong Kong, Macau and Singapore, effective immediately. In his new role, Yoep will lead the strategic direction and operations of the convenience retail business across these markets, driving innovation and growth to meet […]

HP to Establish PC Manufacturing Facility in Saudi Arabia

HP Inc. has announced plans to establish a state-of-the-art manufacturing facility in Riyadh, Saudi Arabia, marking a significant expansion of its global operations. The facility is scheduled to commence production of personal computers , printers, and other computing devices within the year. This move aligns with Saudi Arabia’s Vision 2030 initiative, which aims to diversify the nation’s economy and bolster its technological capabilities. Enrique Lores, President and […]

Saudi Arabia Unveils $14.9 Billion AI Investment at LEAP 2025

Saudi Arabia has announced a substantial $14.9 billion investment in artificial intelligence during the LEAP 2025 technology conference in Riyadh. This move underscores the Kingdom’s ambition to position itself as a global leader in digital innovation and aligns with its Vision 2030 objectives. The announcement was made by Minister of Communications and Information Technology Abdullah Al-Swaha, who highlighted the nation’s rapid growth in the tech sector. He […]

Kids Haven Announces Ongoing Partnership with Children’s Wishing Well to Raise Funds and Support Children’s Futures

SINGAPORE – Media OutReach Newswire – 10 February 2025 – Kids Haven, a kid’s furniture provider, is pleased to announce the continuation of its partnership with Children’s Wishing Well, a charity supporting children and families in need. Building on their successful collaboration in 2022, both organisations are now working together on a long-term fundraising initiative with another children’s art workshop planned for March 2025. Kids Haven is […]

Trump’s Sanctions Against ICC Shows His Deep Contempt For International Laws

By Satyaki Chakraborty U.S. President Donald Trump has started breaking all conventions about abiding by international laws b h announcing the U.S. government’s sanctions against the International Criminal Court (ICC) taking the plea that the ICC is biased against the U.S. and Israel. Donald Trump launched sanctions against the global body, which is seen as […]

Elon Musk’s 19-Year-Old DOGE Staffer Dismissed for Sharing Confidential Data

A 19-year-old member of Elon Musk’s Department of Government Efficiency , Edward Coristine, was previously terminated from an internship at Path Network, a cybersecurity firm, for allegedly leaking proprietary information to a competitor. In a June 2022 communication, a Path Network executive stated that Coristine had been dismissed due to the unauthorized disclosure of internal data, emphasizing the company’s zero-tolerance policy towards such breaches. Following his departure […]

NIA Unveils 2025 Startup Trends: AI, Green Tech, and FinTech Set to Soar as Thailand Drives Global Growth Ambitions

BANGKOK, THAILAND – Media OutReach Newswire – 6 February 2025 – The Ministry of Higher Education, Science, Research, and Innovation (MHESI), through the National Innovation Agency (Public Organisation) or NIA, has revealed an overview of Thailand’s startup growth for 2024. The data shows a consistent upward trajectory, with a cumulative growth rate of 3.3% since 2021, reinforcing Thailand’s position as one of the world’s most startup-friendly hubs. […]

4 in 5 Singapore residents prioritising savings, investments and insurance amongst others despite expectations of a tough year ahead: AIA Live Better Study

18-29 year olds significantly more optimistic and feel more financially prepared to confront the year compared to 40-49 year olds. SINGAPORE – Media OutReach Newswire – 6 February 2025 – AIA Singapore today announced findings from the seventh edition of the AIA Live Better Study, which reflects the evolution of a society where more than 4 in 5 (83%) of Singapore residents plan to actively manage their […]

Small Chinese city reaps global success with sunflowers

HOHHOT, CHINA – Media OutReach Newswire – 6 February 2025 – At 57, Wang Fei is hailed as the “King of Sunflower Seeds” in his hometown of Bayannur, in northern China. A farmer drives a harvester to harvest sunflower seeds in a field in Linhe District of Bayannur, north China’s Inner Mongolia Autonomous Region The title reflects not only his passion for the crunchy snack but also […]

Despite Setback In Delhi, AAP To Remain A Political Force Of Reckoning

By Dr. Gyan Pathak Despite political setback in Delhi Vidhan Sabha election and loss of power to BJP, Aam Aadmi Party (AAP) will remain a political force of reckoning. AAP’s huge voter support base is intact, and election result shows that the BJP could win by only about a small margin of about 2.26 per […]

Dubai Unveils Ambitious Plan for Car-Free Urban Zones

Dubai is advancing its sustainability agenda with the introduction of the Super Block initiative, aiming to establish car-free zones in key residential areas. This move seeks to enhance environmental quality and promote healthier urban living. The Super Block concept involves designating clusters of nine city blocks where non-essential vehicles are restricted, transforming streets into pedestrian-friendly spaces. Essential services and residents’ vehicles will have limited access, with speed […]

G42 Unveils Comprehensive AI Safety Framework Amid Global Regulatory Concerns

Abu Dhabi-based technology conglomerate G42 has introduced its Frontier AI Safety Framework, aiming to ensure the responsible development of advanced artificial intelligence models. This initiative establishes rigorous protocols for risk assessment, governance, and external oversight, aligning with global best practices to proactively identify and mitigate potential risks associated with AI. The framework’s release comes as international discussions intensify regarding the regulation of AI technologies. The European Union […]

Zimbabwe Government Honours its Commitment to Compensate Investors Under Bilateral Investment Protection and Promotion Agreements (BIPPAs)

The payments to farm owners under BIPPA-protection marks a historic milestone and a critical step in Zimbabwe’s Arrears Clearance and Debt Resolution Process HARARE, ZIMBABWE – EQS Newswire – 8 February 2025 – The Government of the Republic of Zimbabwe is honouring its commitment to compensate investors protected by Bilateral Investment Protection and Promotion Agreements (BIPPAs), whose investments were affected by the Land Reform Programme in 2000. […]

12 Malaysian students celebrate as Octa broker’s bootcamp reaches completion

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 7 February 2025 – In 2024, Octa broker sponsored a coding bootcamp for Malaysian students, STATUS 200. Organised in cooperation with Ideas International, this charity project was held on-site in Kuala Lumpur and lasted from April to November 2024. The program was divided into three stages, each filled with intense learning and challenging assignments. While many participants could not […]

Singapore’s Tolaram Welcomes IFC Investment in Lagos Free Zone to Boost Industrial Growth and Economic Diversification in Nigeria

LAGOS, NIGERIA – Media OutReach Newswire – 8 February 2025 – Tolaram, the Singapore-headquartered owners and operators of Lagos Free Zone are proud to announce that the International Finance Corporation (IFC) has committed an equity investment of up to $50 million to support the development of Lagos Free Zone. The investment, aimed at closing key infrastructure gaps to enhance Nigeria’s global competitiveness, will help accelerate the first […]

Make the Moment: The 2025 OnePlus Photography Awards Calling for Creativity Worldwide

Entries for the 2025 OnePlus Photography Awards are now open, celebrating mobile photography with global rewards and recognition SHENZHEN, CHINA – Media OutReach Newswire – 7 February 2025 – Global technology brand OnePlus announced the launch of the 2025 OnePlus Photography Awards (OPA), now in its fifth year. From February 7 to June 30, 2025, mobile photography enthusiasts worldwide are invited to showcase their creativity and passion […]

Under Yunus Regime In Bangladesh, Anti-Democracy, Communal Elements Thriving

By Nitya Chakraborty Exactly six months have passed since the installation of the interim government in Bangladesh on August 8, headed by Dr. Mohammad Yunus, three days after the ouster of the Awami League government led by former Prime Minister Sheikh Hasina. Hasina, daughter of the founder of the present Bangladesh, the late Sheikh Mujibur […]

Wildberries Empowers Women in Tech in Kyrgyzstan

MOSCOW, RUSSIA – Media OutReach Newswire – 7 February 2025 – Wildberries, one of the largest e-commerce platforms in Eurasia, has become an official partner of Women in Tech Kyrgyzstan, part of a global community dedicated to empowering women in technology and reducing gender inequality. Wildberries experts shared their experience in training young women for digital professions at the launch of the Kyrgyzstan Chapter of Women in […]

Gaw Capital Partners and Patience Capital Group Complete Acquisition of an Iconic Mall in Central Ginza, Tokyo

TOKYO, JAPAN – Media OutReach Newswire – 7 February 2025 – Real estate private equity firm Gaw Capital Partners today announced that the firm, through a fund under its management and investment from co-investors, has partnered with Patience Capital Group (PCG) to form a joint venture for the acquisition and management of prime retail asset “Tokyu Plaza Ginza” in Ginza 5-chome, Tokyo, Japan. Gaw Capital holds 91% […]

DBS Hong Kong Unveils “Culinary Delights” – A Customer Engagement and Marketing Concept Offering Exclusive and Exquisite Dining Experiences, Debuting with Chef Edward Lee

Celebrating Gastronomic Excellence and Artistry with unique and elevated culinary offerings HONG KONG SAR – Media OutReach Newswire – 6 February 2025 – DBS Bank (Hong Kong) Limited (“DBS Hong Kong“) is thrilled to unveil its latest marketing and customer engagement initiative — DBS Culinary Delights. As a leading player in wealth management and private banking, DBS always looks at trends that drive behaviours of our customers. […]

Heinbro Announces Strategic Alliance with FAS Limited to Transform Compliance & Accounting Services in Hong Kong

HONG KONG SAR – Media OutReach Newswire – 6 February 2025 – Heinbro Consulting (Heinbro), a leading provider of legal compliance, immigration, recruitment, company secretarial, and business services, is excited to announce a strategic alliance with Financial Accounting Services (FAS) Limited, a prominent player in specialised support services for fund managers. This alliance aims to create a one-stop-shop for compliance, specialised accounting and support services offered to […]