KUALA LUMPUR, Aug 12 (Bernama) -- Horizon Quantum Computing Pte Ltd (Horizon Quantum), a developer of advanced software development tools for quantum computers, has appointed Greg Gould as Chief Financial Officer (CFO).
Bringing over 35 years of experience in finance, technology, and operations, spanning leadership roles in both public and private companies, Gould will lead key financial initiatives that are a part of the company’s long-term strategic growth plan.
Founder and Chief Executive Officer, Joe Fitzsimons said Gould brings together growth-stage CFO experience with deep capital-markets expertise, and his institutional relationships will be invaluable as Horizon Quantum transforms into a public company.
“We believe he is ideally suited to help strengthen planning, controls, and stakeholder communication as we enter our next phase of growth,” he said in a statement.
Meanwhile, Gould said: “As CFO, I look forward to aligning our financial strategy with our technological roadmap, ensuring we have the resources, discipline, and operational excellence to achieve our ambitious goals.”
Gould has served as CFO of insurtech company Groundspeed Analytics and artificial intelligence (AI)-driven fit-tech company FIT:MATCH.ai and was named a Top CFO in Miami by Finance & Investing in 2023.
Currently a Venture Partner at 14Peaks Capital and an active technology investor, his earlier leadership roles include Senior Advisor at Corestate Capital and Senior Vice President of Strategic Partnerships & Investor Relations at proptech startup Quarters, where he spearheaded strategic partnerships, operational efficiencies, and business expansion.
-- BERNAMA
Tuesday, 12 August 2025
HORIZON QUANTUM HIRES GREG GOULD AS CFO TO SUPPORT GLOBAL GROWTH STRATEGY
CYBER DEFENCES FALTER AS ATTACK SUCCESS RATES SURGE - PICUS REPORT
KUALA LUMPUR, Aug 12 (Bernama) -- In a troubling snapshot of the current cybersecurity landscape, Picus Security, in its Blue Report 2025, revealed a sharp decline in global cybersecurity defensive effectiveness despite an alarming rise in the volume and sophistication of cyberattacks.
Now in its third year, the report draws on over 160 million real-world attack simulations conducted in live production environments.
The security validation company found that 46 per cent of tested environments had at least one password hash cracked. Even more concerning, attacks using valid credentials succeeded 98 per cent of the time, allowing adversaries to bypass controls with ease and remain virtually undetected.
These trends, according to a statement, show how quickly compromised credentials can lead to large-scale data theft.
“We must operate under the assumption that adversaries already have access,” said Picus Security co-founder and Picus Labs vice president, Dr Süleyman Ozarslan.
He urged organisations to adopt an ‘assume breach’ mindset, improve identity control validation and strengthen behavioural detection.
Among the most staggering findings is that only three per cent of data exfiltration attempts were stopped, down from nine per cent in 2024. This comes amid a surge in infostealer malware and double-extortion ransomware, where attackers encrypt and steal data simultaneously to maximise leverage.
Ransomware remains a key threat, with BlackByte registering a prevention effectiveness rate of 26 per cent, followed by BabLock at 34 per cent and Maori at 41 per cent.
Detection capabilities also suffered, with discovery techniques such as System Network Configuration Discovery and Process Discovery blocked in fewer than 12 per cent of simulations.
Overall prevention effectiveness dropped to 62 per cent in 2025 from 69 per cent last year. Although logging coverage stayed at 54 per cent, only 14 per cent of attacks generated alerts, indicating that most malicious activities went undetected.
The report, compiled from simulations conducted between January and June this year, includes industry-specific findings and recommendations to strengthen security controls and improve threat readiness.
-- BERNAMA
Now in its third year, the report draws on over 160 million real-world attack simulations conducted in live production environments.
The security validation company found that 46 per cent of tested environments had at least one password hash cracked. Even more concerning, attacks using valid credentials succeeded 98 per cent of the time, allowing adversaries to bypass controls with ease and remain virtually undetected.
These trends, according to a statement, show how quickly compromised credentials can lead to large-scale data theft.
“We must operate under the assumption that adversaries already have access,” said Picus Security co-founder and Picus Labs vice president, Dr Süleyman Ozarslan.
He urged organisations to adopt an ‘assume breach’ mindset, improve identity control validation and strengthen behavioural detection.
Among the most staggering findings is that only three per cent of data exfiltration attempts were stopped, down from nine per cent in 2024. This comes amid a surge in infostealer malware and double-extortion ransomware, where attackers encrypt and steal data simultaneously to maximise leverage.
Ransomware remains a key threat, with BlackByte registering a prevention effectiveness rate of 26 per cent, followed by BabLock at 34 per cent and Maori at 41 per cent.
Detection capabilities also suffered, with discovery techniques such as System Network Configuration Discovery and Process Discovery blocked in fewer than 12 per cent of simulations.
Overall prevention effectiveness dropped to 62 per cent in 2025 from 69 per cent last year. Although logging coverage stayed at 54 per cent, only 14 per cent of attacks generated alerts, indicating that most malicious activities went undetected.
The report, compiled from simulations conducted between January and June this year, includes industry-specific findings and recommendations to strengthen security controls and improve threat readiness.
-- BERNAMA
Thursday, 7 August 2025
Menos AI Launches Institutional-Grade AI for Hedge Funds and Asset Managers, Starting with an AI Idea-Generation Agent
SAN JOSE, Calif., Aug 7 (Bernama-BUSINESS WIRE) -- Menos AI, an AI-native fintech built by and for investment professionals, today announced its public launch. Its flagship product, Sonαr, is an intelligent research agent that helps hedge funds and institutional investors uncover timely, differentiated ideas amid information overload. Sonαr is currently rolling out to select partner funds ahead of a broader release.
Founded by investment veterans and AI experts, Menos AI is backed by a $5.2 million oversubscribed seed round led by prominent Silicon Valley family offices and venture capital firms.
Sonαr: Distilling Alpha from Information Overload
Portfolio managers and analysts navigate a constant flood of market updates, sell-side content, third-party research reports, and internal memos. Sonαr cuts through the noise and surfaces alpha-generating insights that might otherwise be overlooked. Developed with leading global macro and multi-strategy hedge funds, Sonαr uses proprietary Alpha Signal Extraction to identify ideas with novelty, timeliness, and market relevance. Its forthcoming Voice Scoring capability can spotlight contributors who are consistently early and accurate — amplifying insights backed by proven track records and exposing areas where further due diligence can lead to an edge.
"Alpha doesn't scream. It whispers," said William Wu, Co-founder and CEO. "Sonαr helps investment teams hear it early — and act with clarity."
Built to Scale with Investment Teams
Menos AI's mission is helping institutional investors build firm-specific AI capabilities. Their secure, domain-specific agent platform delivers seamless enterprise integration with customers' workflows and preferred internal and external sources, delivering significant time savings from idea discovery to research and middle-office support — enabling managers to focus on strategic, differentiated thinking.
"The next generation of high-performing investment teams will be human–machine hybrids," said Chris Yang, Co-founder and Chief AI Scientist. "Menos AI helps firms build their AI edge."
"Our platform is designed for institutional-grade performance and security," added Xiang Pan, Co-founder and CTO. "We're building infrastructure investment teams can trust."
About Menos AI
Headquartered in San Jose, California, Menos AI builds intelligent agents that help institutional investors scale research, decision-making, and operations. Our team combines expertise from senior executives at leading financial services firms, top engineers from pioneering technology companies, and machine learning specialists with PhDs from premier research universities. Dedicated to "less noise, more signal," we help institutional investors focus on what matters most.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250806499043/en/
Contact
For more information:
Website: www.menosai.com
Email: info@menosai.com
Source : Menos AI
Founded by investment veterans and AI experts, Menos AI is backed by a $5.2 million oversubscribed seed round led by prominent Silicon Valley family offices and venture capital firms.
Sonαr: Distilling Alpha from Information Overload
Portfolio managers and analysts navigate a constant flood of market updates, sell-side content, third-party research reports, and internal memos. Sonαr cuts through the noise and surfaces alpha-generating insights that might otherwise be overlooked. Developed with leading global macro and multi-strategy hedge funds, Sonαr uses proprietary Alpha Signal Extraction to identify ideas with novelty, timeliness, and market relevance. Its forthcoming Voice Scoring capability can spotlight contributors who are consistently early and accurate — amplifying insights backed by proven track records and exposing areas where further due diligence can lead to an edge.
"Alpha doesn't scream. It whispers," said William Wu, Co-founder and CEO. "Sonαr helps investment teams hear it early — and act with clarity."
Built to Scale with Investment Teams
Menos AI's mission is helping institutional investors build firm-specific AI capabilities. Their secure, domain-specific agent platform delivers seamless enterprise integration with customers' workflows and preferred internal and external sources, delivering significant time savings from idea discovery to research and middle-office support — enabling managers to focus on strategic, differentiated thinking.
"The next generation of high-performing investment teams will be human–machine hybrids," said Chris Yang, Co-founder and Chief AI Scientist. "Menos AI helps firms build their AI edge."
"Our platform is designed for institutional-grade performance and security," added Xiang Pan, Co-founder and CTO. "We're building infrastructure investment teams can trust."
About Menos AI
Headquartered in San Jose, California, Menos AI builds intelligent agents that help institutional investors scale research, decision-making, and operations. Our team combines expertise from senior executives at leading financial services firms, top engineers from pioneering technology companies, and machine learning specialists with PhDs from premier research universities. Dedicated to "less noise, more signal," we help institutional investors focus on what matters most.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250806499043/en/
Contact
For more information:
Website: www.menosai.com
Email: info@menosai.com
Source : Menos AI
Wednesday, 6 August 2025
DUCK CREEK BILLING ENHANCES MEMBER EXPERIENCE WITH REAL-TIME INSIGHTS AT PURE
KUALA LUMPUR, Aug 6 (Bernama) -- Duck Creek Technologies, a global intelligent solutions provider for the insurance industry, announced that PURE Insurance has upgraded to the latest version of the Duck Creek Billing platform.
In a statement, Duck Creek said the upgrade would enable PURE Insurance to enhance operational efficiency and financial management and deliver a more seamless billing experience for its members.
Duck Creek Technologies Chief Operating Officer, Chris McCloskey said the company was proud to support PURE in modernising its billing processes and elevating its service to members through the upgraded system.
“PURE Insurance is a valued long-time customer, known for consistently delivering an outstanding service experience,” he said.
Meanwhile, PURE Insurance Vice President, Finance Divisional Information Officer, Meenakshi Rungta said the enhanced platform strengthens existing capabilities by improving billing operations and supporting a more intuitive user experience.
“Upgrading to the latest Duck Creek Billing solution is a strategic step that reinforces our commitment to delivering exceptional service to our members,” she said.
PURE Insurance is a member-owned insurer catering to successful and responsible families in the property and casualty (P&C) and general insurance markets.
Duck Creek Billing is a software as a service (SaaS) solution designed to automate invoicing, premium collection and payment processes, while providing flexibility in billing options and configurations.
-- BERNAMA
In a statement, Duck Creek said the upgrade would enable PURE Insurance to enhance operational efficiency and financial management and deliver a more seamless billing experience for its members.
Duck Creek Technologies Chief Operating Officer, Chris McCloskey said the company was proud to support PURE in modernising its billing processes and elevating its service to members through the upgraded system.
“PURE Insurance is a valued long-time customer, known for consistently delivering an outstanding service experience,” he said.
Meanwhile, PURE Insurance Vice President, Finance Divisional Information Officer, Meenakshi Rungta said the enhanced platform strengthens existing capabilities by improving billing operations and supporting a more intuitive user experience.
“Upgrading to the latest Duck Creek Billing solution is a strategic step that reinforces our commitment to delivering exceptional service to our members,” she said.
PURE Insurance is a member-owned insurer catering to successful and responsible families in the property and casualty (P&C) and general insurance markets.
Duck Creek Billing is a software as a service (SaaS) solution designed to automate invoicing, premium collection and payment processes, while providing flexibility in billing options and configurations.
-- BERNAMA
Tuesday, 5 August 2025
LENDLEASE GLOBAL COMMERCIAL REIT SEES MODEST DPU UPTICK IN 2H FY2025
KUALA LUMPUR, Aug 5 (Bernama) -- Lendlease Global Commercial Trust Management Pte Ltd, the manager of Lendlease Global Commercial REIT (LREIT), reports a 1.8 per cent rise in its distribution per unit (DPU) to SG$0.018 for the half-year ended June 30, 2025 (2H FY2025). (SG$1=RM3.28)
The DPU, scheduled to be paid on Sept 24, is driven by steady retail performance and a more favourable interest rate outlook, according to the REIT in a statement.
Lendlease REIT’s portfolio valuation rose 2.2 per cent year-on-year (YoY) to SG$3.76 billion, supported by its core Singapore assets. Following the Jem office divestment, Singapore retail will comprise over 85 per cent of portfolio value.
Its Chief Executive Officer, Guy Cawthra said this divestment is a strategic milestone—reducing leverage, enhancing flexibility, and reinforcing its commitment to long-term growth in prime retail.
While gross revenue and net property income (NPI) declined 6.5 per cent and 10.0 per cent YoY to SG$206.5 million and SG$148.8 million, respectively, this was largely due to the one-off recognition of supplementary rent from the lease restructuring of Sky Complex in FY2024. On an adjusted basis, revenue and NPI saw marginal YoY growth.
The REIT maintained an interest coverage ratio (ICR) of 1.6 times and reported that 68 per cent of its borrowings are hedged to fixed rates, with the average cost of debt at 3.46 per cent per annum.
Retail strength continued, with over 99 per cent occupancy and a 10.2 per cent positive rental reversion, despite weaker tenant sales due to outbound tourism and transitional refurbishments at Cathay Cineplexes.
In Milan, commercial Buildings 1 and 2 recorded a 1.7 per cent rental uplift tied to inflation-linked escalation clauses. These assets remain fully leased to Sky Italia until January 2033.
-- BERNAMA
The DPU, scheduled to be paid on Sept 24, is driven by steady retail performance and a more favourable interest rate outlook, according to the REIT in a statement.
Lendlease REIT’s portfolio valuation rose 2.2 per cent year-on-year (YoY) to SG$3.76 billion, supported by its core Singapore assets. Following the Jem office divestment, Singapore retail will comprise over 85 per cent of portfolio value.
Its Chief Executive Officer, Guy Cawthra said this divestment is a strategic milestone—reducing leverage, enhancing flexibility, and reinforcing its commitment to long-term growth in prime retail.
While gross revenue and net property income (NPI) declined 6.5 per cent and 10.0 per cent YoY to SG$206.5 million and SG$148.8 million, respectively, this was largely due to the one-off recognition of supplementary rent from the lease restructuring of Sky Complex in FY2024. On an adjusted basis, revenue and NPI saw marginal YoY growth.
The REIT maintained an interest coverage ratio (ICR) of 1.6 times and reported that 68 per cent of its borrowings are hedged to fixed rates, with the average cost of debt at 3.46 per cent per annum.
Retail strength continued, with over 99 per cent occupancy and a 10.2 per cent positive rental reversion, despite weaker tenant sales due to outbound tourism and transitional refurbishments at Cathay Cineplexes.
In Milan, commercial Buildings 1 and 2 recorded a 1.7 per cent rental uplift tied to inflation-linked escalation clauses. These assets remain fully leased to Sky Italia until January 2033.
-- BERNAMA
Bitget Hosts Crypto Experience Month 2025 Targeting Gen-Zs Across Europe, Asia and Middle East
VICTORIA, Seychelles, Aug 5 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, officially launches Crypto Experience Month 2025, a global youth activation campaign under its Blockchain4Youth initiative. Now in its third year, the campaign takes a step away from classrooms and webinars, transforming crypto from a buzzword into something tangible, usable, and real. As part of the third-year celebration of International Youth Day in August, Bitget plans to host Crypto Experience events throughout the month of August across multiple cities in the Middle East, Europe, South East Asia, and South Asia.
Crypto Experience Month 2025 is built around a simple tagline: Look What Crypto Can Do. While headlines often frame digital assets around market movements, this campaign flips the narrative, focusing instead on how blockchain is being applied in payments, gaming, DeFi, identity, and creative expression. Across pop-up activations set to roll out globally this August, Bitget is inviting young people to try crypto for themselves, not on charts, but in checkout lines, in metaverse arcades, and through everyday interactions.
From university campuses to creative hubs, attendees will explore zones where they can mint NFTs, experiment with stablecoin lending, trade tokenized stocks in real-time simulations, and test drive PayFi’s QR-based retail transactions. They’ll receive digital badges, load up a Bitget Wallet Mastercard, and even stake assets in DeFi setups guided by in-person educators. The format is designed to merge experience with understanding, where every station is part demo, part discovery.
The shift from education to interaction marks a new chapter for the campaign. Launched in 2023 with Crypto Experience Day, the campaign expanded to an entire month in 2024, reaching over 15,000 participants across 12 countries. This year’s edition pushes further, prioritizing physical presence and hands-on engagement to help bridge the growing gap between Web2 curiosity and Web3 confidence.
Vugar Usi Zade, Bitget’s Chief Operating Officer and the executive sponsor of Blockchain4Youth, believes that relevance comes from application. “You can’t build belief in the future of crypto through theory alone. You need to let people feel it, use it, question it,” he said. “Crypto Experience Month is about making the technology real and giving young people a reason to care about where it’s going.”
Bitget Wallet will serve as the official campaign partner, integrating its latest features, including PayFi, and on-chain tools into the experience zones. Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, added, “The onboarding is just the start. It’s also about showing how crypto can empower everyday actions, from payments to creativity. We’re excited to bring that vision to life on the ground.”
Followers of the campaign can look forward to a recap video capturing highlights from each activation in early September. Until then, Bitget’s message is clear: crypto isn’t just coming to the real world. It’s already here, and this August, it’s handing over the controls to the next generation.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is 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.
Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26282002-8b06-4e5c-87a1-fd77694c6645
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
Crypto Experience Month 2025 is built around a simple tagline: Look What Crypto Can Do. While headlines often frame digital assets around market movements, this campaign flips the narrative, focusing instead on how blockchain is being applied in payments, gaming, DeFi, identity, and creative expression. Across pop-up activations set to roll out globally this August, Bitget is inviting young people to try crypto for themselves, not on charts, but in checkout lines, in metaverse arcades, and through everyday interactions.
From university campuses to creative hubs, attendees will explore zones where they can mint NFTs, experiment with stablecoin lending, trade tokenized stocks in real-time simulations, and test drive PayFi’s QR-based retail transactions. They’ll receive digital badges, load up a Bitget Wallet Mastercard, and even stake assets in DeFi setups guided by in-person educators. The format is designed to merge experience with understanding, where every station is part demo, part discovery.
The shift from education to interaction marks a new chapter for the campaign. Launched in 2023 with Crypto Experience Day, the campaign expanded to an entire month in 2024, reaching over 15,000 participants across 12 countries. This year’s edition pushes further, prioritizing physical presence and hands-on engagement to help bridge the growing gap between Web2 curiosity and Web3 confidence.
Vugar Usi Zade, Bitget’s Chief Operating Officer and the executive sponsor of Blockchain4Youth, believes that relevance comes from application. “You can’t build belief in the future of crypto through theory alone. You need to let people feel it, use it, question it,” he said. “Crypto Experience Month is about making the technology real and giving young people a reason to care about where it’s going.”
Bitget Wallet will serve as the official campaign partner, integrating its latest features, including PayFi, and on-chain tools into the experience zones. Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, added, “The onboarding is just the start. It’s also about showing how crypto can empower everyday actions, from payments to creativity. We’re excited to bring that vision to life on the ground.”
Followers of the campaign can look forward to a recap video capturing highlights from each activation in early September. Until then, Bitget’s message is clear: crypto isn’t just coming to the real world. It’s already here, and this August, it’s handing over the controls to the next generation.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is 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.
Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26282002-8b06-4e5c-87a1-fd77694c6645
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
Wednesday, 30 July 2025
DATAVAULT AI EXPANDS COMMERCIALISATION OF FLAGSHIP AI AGENTS VIA IBM COLLABORATION
KUALA LUMPUR, July 30 (Bernama) -- Datavault AI Inc, a leader in artificial intelligence (AI) data experience, valuation, and monetisation, has announced the expanded commercialisation of its flagship AI agents, DataScore and DataValue, developed in partnership with IBM’s watsonx.ai platform.
In a statement, the company said IBM will provide multi-year support, including AI engineering resources and deep technical expertise, to help accelerate the deployment and impact of Datavault’s offerings across enterprise environments, including on-premises, cloud, and hybrid systems.
Datavault AI, a Platinum partner in IBM’s Partner Plus programme, aims to broaden AI adoption across key sectors such as finance, healthcare, sports, entertainment, and government, with joint initiatives covering deployment, testing, and development.
“This marks a major milestone in our enterprise-scale roadmap. By integrating IBM watsonx at a technical level and collaborating closely with IBM, we are positioned to scale our data monetisation platform globally,” said Datavault AI Chief Executive Officer, Nathaniel Bradley.
Meanwhile, IBM Head of Americas AI Partnerships, Biz Dziarmaga said the collaboration with Datavault AI offers customers a scalable pathway to data monetisation, supporting enterprises in unlocking new revenue streams through AI-driven platforms.
As part of the collaboration, Datavault AI will work with IBM’s sales force and partner network to expand customer engagement and adoption of its patented AI solutions.
According to McKinsey & Company, generative AI is projected to contribute between US$2.6 trillion and US$4.4 trillion annually across key business functions, underscoring the rising importance of AI-powered data monetisation in the enterprise technology landscape. (US$1=RM4.23)
Datavault AI has developed a fully integrated AI ecosystem to help organisations unlock the financial value of their data assets. Among its core offerings is Data Vault Bank, a Web 3.0-powered AI engine currently being built with IBM, which will convert enterprise data into structured, tradable assets and is expected to be launched in October 2025.
The company’s DataScore product is a patented, AI-driven scoring and risk analysis tool designed to assess data quality and ensure compliance with key regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).
Meanwhile, DataValue is a patented pricing engine that uses AI to assign real-world financial valuations to enterprise data, thereby creating new liquidity and trading opportunities.
Datavault AI’s Web 3.0 data platform, enhanced through completed system integrations, allows for secure, compliant, and scalable monetisation across industries. The platform continues to evolve with new advancements in data indexing, perception, and valuation technologies.
-- BERNAMA
In a statement, the company said IBM will provide multi-year support, including AI engineering resources and deep technical expertise, to help accelerate the deployment and impact of Datavault’s offerings across enterprise environments, including on-premises, cloud, and hybrid systems.
Datavault AI, a Platinum partner in IBM’s Partner Plus programme, aims to broaden AI adoption across key sectors such as finance, healthcare, sports, entertainment, and government, with joint initiatives covering deployment, testing, and development.
“This marks a major milestone in our enterprise-scale roadmap. By integrating IBM watsonx at a technical level and collaborating closely with IBM, we are positioned to scale our data monetisation platform globally,” said Datavault AI Chief Executive Officer, Nathaniel Bradley.
Meanwhile, IBM Head of Americas AI Partnerships, Biz Dziarmaga said the collaboration with Datavault AI offers customers a scalable pathway to data monetisation, supporting enterprises in unlocking new revenue streams through AI-driven platforms.
As part of the collaboration, Datavault AI will work with IBM’s sales force and partner network to expand customer engagement and adoption of its patented AI solutions.
According to McKinsey & Company, generative AI is projected to contribute between US$2.6 trillion and US$4.4 trillion annually across key business functions, underscoring the rising importance of AI-powered data monetisation in the enterprise technology landscape. (US$1=RM4.23)
Datavault AI has developed a fully integrated AI ecosystem to help organisations unlock the financial value of their data assets. Among its core offerings is Data Vault Bank, a Web 3.0-powered AI engine currently being built with IBM, which will convert enterprise data into structured, tradable assets and is expected to be launched in October 2025.
The company’s DataScore product is a patented, AI-driven scoring and risk analysis tool designed to assess data quality and ensure compliance with key regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).
Meanwhile, DataValue is a patented pricing engine that uses AI to assign real-world financial valuations to enterprise data, thereby creating new liquidity and trading opportunities.
Datavault AI’s Web 3.0 data platform, enhanced through completed system integrations, allows for secure, compliant, and scalable monetisation across industries. The platform continues to evolve with new advancements in data indexing, perception, and valuation technologies.
-- BERNAMA
MELTWATER UNVEILS GENAI LENS TO EXPOSE BRAND MENTIONS IN AI CHATBOTS
KUALA LUMPUR, July 30 (Bernama) -- Meltwater has launched GenAI Lens, a first-of-its-kind tool that lets brands see exactly how they are portrayed across major artificial intelligence (AI) assistants and large language models (LLMs) like ChatGPT, Claude, Gemini, Perplexity, Grok, and Deepseek.
As AI-powered tools increasingly drive conversations, Meltwater’s latest move addresses a critical and emerging gap for marketing, PR, and communications teams—understanding how their brand is perceived within generative AI platforms.
Meltwater Chief Product Officer, Chris Hackney said GenAI Lens gives brands visibility into this shift—and the power to respond at AI speed.
“Visits to AI chatbots surged 81 per cent last year, signalling these tools are becoming a primary source of discovery,” he said in a statement.
GenAI Lens scans responses from over 90 per cent of LLMs, giving companies a 360-degree view of brand mentions, sentiment, trends, and even source citations. It also tracks competitors and emerging industry topics—helping teams react faster, smarter, and more strategically.
Among its core features are real-time sentiment alerts, trend and emotion tracking, and custom prompts for rapid deployment. It aims to flag reputational risks early and unlock deep competitive insights—all from AI-native environments.
According to a recent Gartner report, 30 per cent of brand perception will be shaped by generative AI content by 2026—not traditional media.
With GenAI Lens, Meltwater sets a new standard in media intelligence, just as AI becomes a dominant force in shaping public narratives.
-- BERNAMA
As AI-powered tools increasingly drive conversations, Meltwater’s latest move addresses a critical and emerging gap for marketing, PR, and communications teams—understanding how their brand is perceived within generative AI platforms.
Meltwater Chief Product Officer, Chris Hackney said GenAI Lens gives brands visibility into this shift—and the power to respond at AI speed.
“Visits to AI chatbots surged 81 per cent last year, signalling these tools are becoming a primary source of discovery,” he said in a statement.
GenAI Lens scans responses from over 90 per cent of LLMs, giving companies a 360-degree view of brand mentions, sentiment, trends, and even source citations. It also tracks competitors and emerging industry topics—helping teams react faster, smarter, and more strategically.
Among its core features are real-time sentiment alerts, trend and emotion tracking, and custom prompts for rapid deployment. It aims to flag reputational risks early and unlock deep competitive insights—all from AI-native environments.
According to a recent Gartner report, 30 per cent of brand perception will be shaped by generative AI content by 2026—not traditional media.
With GenAI Lens, Meltwater sets a new standard in media intelligence, just as AI becomes a dominant force in shaping public narratives.
-- BERNAMA
Monday, 28 July 2025
Bitget Strengthens Regional Presence at Malaysia Blockchain Week 2025
KUALA LUMPUR, Malaysia, July 28 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's leading cryptocurrency exchange and Web3 company, participated in Malaysia Blockchain Week 2025, to strengthen its ties with Southeast Asia’s fast-growing digital economy. The event, hosted at Kuala Lumpur’s World Trade Centre, drew 3,300+ attendees from 20 countries, with support from Malaysian agencies like MDEC, the Ministry of Digital, and Tourism Malaysia.
Bitget CEO Gracy Chen delivered a keynote address titled "Two Strategies to Thrive in a Volatile Market." She spotlighted Bitget’s focus on real-world utility, from its $300M user Protection Fund to new tools like GetAgent (an AI trading helper) and xStocks for tokenized equities. Gracy pointed to her 2024 MYBW visit as the turning point. This year, she unveiled PayFi, Bitget’s bid to simplify cross-border crypto payments in emerging markets.
“Malaysia Blockchain Week has become a key platform in this region,” said Gracy Chen, CEO of Bitget. “Bitget will continue building here, through partnerships, localization, and product innovation. Our goal is to show up meaningfully, through utility, education, and experiences that resonate.”
Bitget also teamed up with Pudgy Penguins (PENGU) to host Hype Drop: Kopi Rave, a side event held at Thong Kee Kopitiam in Kuala Lumpur. Blending wellness, streetwear, music, and collectibles, it drew over 400 attendees and generated strong social media buzz.
Malaysia Blockchain Week 2025 served as a timely stage for Bitget to reinforce its global leadership while celebrating Southeast Asia's role in Web3 adoption. From shaping cross-border payment infrastructure to pioneering real-world asset trading, Bitget's message at MYBW was clear: building in this space is about more than innovation.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is 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.
Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/dd30ebe8-c1fe-467d-8b57-715842f39aa4
https://www.globenewswire.com/NewsRoom/AttachmentNg/3ae531e0-6f67-4e30-a223-dce6eeb9bdb9
https://www.globenewswire.com/NewsRoom/AttachmentNg/8eeebd48-a1b6-406e-9793-a25a2abd1ef4
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
Bitget CEO Gracy Chen delivered a keynote address titled "Two Strategies to Thrive in a Volatile Market." She spotlighted Bitget’s focus on real-world utility, from its $300M user Protection Fund to new tools like GetAgent (an AI trading helper) and xStocks for tokenized equities. Gracy pointed to her 2024 MYBW visit as the turning point. This year, she unveiled PayFi, Bitget’s bid to simplify cross-border crypto payments in emerging markets.
“Malaysia Blockchain Week has become a key platform in this region,” said Gracy Chen, CEO of Bitget. “Bitget will continue building here, through partnerships, localization, and product innovation. Our goal is to show up meaningfully, through utility, education, and experiences that resonate.”
Bitget also teamed up with Pudgy Penguins (PENGU) to host Hype Drop: Kopi Rave, a side event held at Thong Kee Kopitiam in Kuala Lumpur. Blending wellness, streetwear, music, and collectibles, it drew over 400 attendees and generated strong social media buzz.
Malaysia Blockchain Week 2025 served as a timely stage for Bitget to reinforce its global leadership while celebrating Southeast Asia's role in Web3 adoption. From shaping cross-border payment infrastructure to pioneering real-world asset trading, Bitget's message at MYBW was clear: building in this space is about more than innovation.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is 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.
Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/dd30ebe8-c1fe-467d-8b57-715842f39aa4
https://www.globenewswire.com/NewsRoom/AttachmentNg/3ae531e0-6f67-4e30-a223-dce6eeb9bdb9
https://www.globenewswire.com/NewsRoom/AttachmentNg/8eeebd48-a1b6-406e-9793-a25a2abd1ef4
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
Saturday, 26 July 2025
AM Best to Sponsor and Participate at Vietnam Insurance Summit
SINGAPORE, July 23 (Bernama-BUSINESS WIRE) -- AM Best will participate and be a sponsor at the Vietnam Insurance Summit, to be held 1 August 2025 in Quy Nhon, Vietnam.
AM Best Senior Financial Analyst Ken Lau will discuss the credit rating agency’s 2025 outlook on Vietnam’s non-life insurance segment. Lau, who joined AM Best in 2020, is responsible for the credit ratings of insurance and reinsurance companies in the Asia Pacific region and is particularly knowledgeable with Vietnam’s insurance market. The presentation, which will include topics such as insurance demand, regulatory refinements and market competition, is scheduled for 2:15 p.m. ICT.
Additionally, Rob Curtis, managing director and chief executive officer, Asia Pacific, and Johnathan Wong, market development analyst, Asia Pacific, will be in attendance and available for meetings. To arrange a meeting with either Curtis or Wong to learn more about AM Best, its role in the insurance industry and the resources it offers to insurance professionals, including Best’s Credit Ratings, please email rob.curtis@ambest.com or johnathan.wong@ambest.com.
Under the theme “Insurance Development Strategy in the AI Revolution,” the summit will focus on artificial intelligence (AI) applications, data-sharing systems, digital ecosystem development and customer experience optimization through a plenary session and two in-depth conference tracks.
AM Best is a diamond sponsor of the event, which will take place at the Hotel Anya Premier. To learn more about the summit, visit here.
Visitors to the AM Best booth can learn about the rating agency's Best’s Credit Ratings, insurance data and analysis resources and financial data products and Best’s Performance Assessment for Delegated Underwriting Authority Enterprises (DUAEs).
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Additionally, Rob Curtis, managing director and chief executive officer, Asia Pacific, and Johnathan Wong, market development analyst, Asia Pacific, will be in attendance and available for meetings. To arrange a meeting with either Curtis or Wong to learn more about AM Best, its role in the insurance industry and the resources it offers to insurance professionals, including Best’s Credit Ratings, please email rob.curtis@ambest.com or johnathan.wong@ambest.com.
Under the theme “Insurance Development Strategy in the AI Revolution,” the summit will focus on artificial intelligence (AI) applications, data-sharing systems, digital ecosystem development and customer experience optimization through a plenary session and two in-depth conference tracks.
AM Best is a diamond sponsor of the event, which will take place at the Hotel Anya Premier. To learn more about the summit, visit here.
Visitors to the AM Best booth can learn about the rating agency's Best’s Credit Ratings, insurance data and analysis resources and financial data products and Best’s Performance Assessment for Delegated Underwriting Authority Enterprises (DUAEs).
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250722630263/en/
Contact
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com
Source : AM Best
--BERNAMA
Friday, 25 July 2025
Mongolian Mining Corporation Operational Update for the Quarter Ended 30 June 2025
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
MONGOLIAN MINING CORPORATION
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 975)
OPERATIONAL UPDATE FOR THE QUARTER ENDED 30 JUNE 2025
ULAANBAATAR, Mongolia, July 25 (Bernama-GLOBE NEWSWIRE) -- The board of directors (the “Board”) of Mongolian Mining Corporation (the “Company”, together with its subsidiaries, collectively the “Group”) wishes to announce the unaudited operational update for the quarter ended 30 June 2025. The comparative figures for the quarter ended 30 June 2024 and the quarter ended 31 March 2025 are also disclosed in this announcement (if and as applicable).
The Company is the largest internationally listed private mining company with operations focused on and located in Mongolia. The Group has consolidated a diversified business portfolio to develop and operate coking (metallurgical) coal, gold, copper, and other non-ferrous metals mining assets in southern and western regions of Mongolia.
Coking (metallurgical) coal operations
Energy Resources LLC (“ER”), the Group’s wholly-owned subsidiary, operates Ukhaa Khudag (“UHG”) coking coal mine and Khangad Exploration LLC (“KEX”), the Group’s majority-owned subsidiary, operates Baruun Naran (“BN”) coking coal mine, both located in Umnugobi aimag (province), Mongolia. The Group is the largest producer and exporter of washed coking coal products in Mongolia.
During the quarter ended 30 June 2025, the Group’s run-of-mine (“ROM”) coal mining combined output from UHG and BN mines was 3,428.4 thousand tonnes (“kt”), representing 7% quarter-on-quarter (“QoQ”) and 28% year-on-year (“YoY”) decrease as compared to the previous quarter ended 31 March 2025 and the corresponding period ended 30 June 2024, respectively.
The Group processed a total of 3,605.7 kt of ROM coking coal to produce 2,178.1 kt of washed coking coal products, representing 3% QoQ increase compared to the previous quarter ended 31 March 2025 and 2% YoY decrease compared to the corresponding period ended 30 June 2024.
The Group’s operating subsidiaries ER and KEX sold a total of 1,739.7 kt of washed coking coal products in the second quarter of 2025, whilst washed coking coal product mix supplied by the Group to its customers was as follows: (i) 959.0 kt of washed hard coking coal; (ii) 223.5 kt of washed semi-soft coking coal; and (iii) 557.2 kt of washed mid-ash semi-hard coking coal. This represents 9% QoQ increase compared to the previous quarter ended 31 March 2025 and 25% YoY decrease compared to the corresponding period of 2024.
The main operational data for coking (metallurgical) coal operations summarised and shown below in Table 1 are all rounded and derived from the internal records of the Group and are intended to give investors an overview of the Group’s operations in a timely manner and may differ from the data disclosed in periodic reports of the Company.
Table 1. Main operational data for the quarter ended 30 June 2025:
MONGOLIAN MINING CORPORATION
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 975)
OPERATIONAL UPDATE FOR THE QUARTER ENDED 30 JUNE 2025
ULAANBAATAR, Mongolia, July 25 (Bernama-GLOBE NEWSWIRE) -- The board of directors (the “Board”) of Mongolian Mining Corporation (the “Company”, together with its subsidiaries, collectively the “Group”) wishes to announce the unaudited operational update for the quarter ended 30 June 2025. The comparative figures for the quarter ended 30 June 2024 and the quarter ended 31 March 2025 are also disclosed in this announcement (if and as applicable).
The Company is the largest internationally listed private mining company with operations focused on and located in Mongolia. The Group has consolidated a diversified business portfolio to develop and operate coking (metallurgical) coal, gold, copper, and other non-ferrous metals mining assets in southern and western regions of Mongolia.
Coking (metallurgical) coal operations
Energy Resources LLC (“ER”), the Group’s wholly-owned subsidiary, operates Ukhaa Khudag (“UHG”) coking coal mine and Khangad Exploration LLC (“KEX”), the Group’s majority-owned subsidiary, operates Baruun Naran (“BN”) coking coal mine, both located in Umnugobi aimag (province), Mongolia. The Group is the largest producer and exporter of washed coking coal products in Mongolia.
During the quarter ended 30 June 2025, the Group’s run-of-mine (“ROM”) coal mining combined output from UHG and BN mines was 3,428.4 thousand tonnes (“kt”), representing 7% quarter-on-quarter (“QoQ”) and 28% year-on-year (“YoY”) decrease as compared to the previous quarter ended 31 March 2025 and the corresponding period ended 30 June 2024, respectively.
The Group processed a total of 3,605.7 kt of ROM coking coal to produce 2,178.1 kt of washed coking coal products, representing 3% QoQ increase compared to the previous quarter ended 31 March 2025 and 2% YoY decrease compared to the corresponding period ended 30 June 2024.
The Group’s operating subsidiaries ER and KEX sold a total of 1,739.7 kt of washed coking coal products in the second quarter of 2025, whilst washed coking coal product mix supplied by the Group to its customers was as follows: (i) 959.0 kt of washed hard coking coal; (ii) 223.5 kt of washed semi-soft coking coal; and (iii) 557.2 kt of washed mid-ash semi-hard coking coal. This represents 9% QoQ increase compared to the previous quarter ended 31 March 2025 and 25% YoY decrease compared to the corresponding period of 2024.
The main operational data for coking (metallurgical) coal operations summarised and shown below in Table 1 are all rounded and derived from the internal records of the Group and are intended to give investors an overview of the Group’s operations in a timely manner and may differ from the data disclosed in periodic reports of the Company.
Table 1. Main operational data for the quarter ended 30 June 2025:
| Item | Unit | The quarter ended 30 June 2025 | The quarter ended 31 March 2025 | QoQ change (%) | The quarter ended 30 June 2024 | YoY change (%) | ||
| ROM coal mined | kt | 3,428.4 | 3,673.4 | -7% | 4,791.9 | -28% | ||
| ROM coking coal processed | kt | 3,605.7 | 3,749.5 | -4% | 4,060.1 | -11% | ||
| Washed coking coal produced | kt | 2,178.1 | 2,110.0 | +3% | 2,223.8 | -2% | ||
| Washed coking coal sold | kt | 1,739.7 | 1,600.4 | +9% | 2,314.3 | -25% | ||
Gold and metals operations
The Group is 50% equity holder in Erdene Mongol LLC (“EM”), which is currently developing Bayan Khundii (“BKH”) gold mine located in Bayankhongor aimag (province), Mongolia.
During the quarter ended 30 June 2025, commissioning of the BKH gold mine processing plant and site support facilities (including power, heat and water supply infrastructure, laboratory, warehouse, chemicals and blasting materials storages, office and accommodation camp) were conducted by relevant authorities. Commercial production is expected to commence within the third quarter of 2025.
Sale of gold to the Bank of Mongolia and/or its designated commercial banks at the international market price, denominated in local currency (Mongolian Togrog) is subject to the lowest applicable 5.0% royalty tax charged by the Government of Mongolia according to the relevant provisions under the Minerals Law of Mongolia.
Important notice
The aforesaid operational data are not an express or implied forecast or guarantee in respect of the Company’s future operating conditions.
In addition, various factors may affect results, including (but not limited to) force majeure events, changes in market conditions and regulatory interferences, as such material differences may exist in the operational data published from quarter to quarter.
Investors should note that undue reliance on or use of the above information may cause investment risks.
For and on behalf of the Board
Mongolian Mining Corporation
Odjargal Jambaljamts
Chairman
Hong Kong, 25 July 2025
As at the date of this announcement, the board of directors of the Company consists of Mr. Odjargal Jambaljamts and Dr. Battsengel Gotov, being the executive directors of the Company, Mr. Od Jambaljamts, Ms. Enkhtuvshin Gombo and Mr. Myagmarjav Ganbyamba, being the non-executive directors of the Company, and Dr. Khashchuluun Chuluundorj, Mr. Unenbat Jigjid, Mr. Chan Tze Ching, Ignatius, Ms. Delgerjargal Bayanjargal and Dr. Tsend-Ayush Tuvshintur, being the independent non-executive directors of the Company.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d3d8e9b6-7e3d-4685-b1e8-3ef7b14c2700
Contact
khulan.sh@mmc.mn
(Tel: 976 88116379)
SOURCE: Mongolian Mining Corporation
Bitget's July Proof-of-Reserves Report Shows 45% Increase in User Holdings for Bitcoin (BTC)
VICTORIA, Seychelles, July 25 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released its latest Proof-of-Reserves (PoR) data reveals a sharp increase in user-held Bitcoin, with BTC balances surging over 45% month-on-month in July. This marks the strongest growth across all major assets tracked on the platform.
According to the PoR public figures published, BTC held by users grew from 6,594 BTC in June to 9,531 BTC in July. USDT holdings also experienced a notable increase of 21%, climbing from approximately 1.61 billion to nearly 1.95 billion. ETH balances rose by 31% month-on-month, from 148,754 ETH to 195,466 ETH, while USDC holdings grew by 14%.
The substantial surge in user asset holdings follows ongoing efforts across the industry to promote transparent reserve practices. Bitget continues to publish real-time reserve data via Merkle Tree infrastructure and open-source verification tools. As of July 23, the platform maintains a reserve ratio of over 200% across major assets, double the industry benchmark of 100%.
"This increase in on-platform user assets, especially Bitcoin, shows a bit of the broader trend in user behavior, where traders and institutions increasingly may favor exchanges that allow independent asset verification," said Gracy Chen, CEO at Bitget. "Our priority will always be to keep maintaining Bitget as one of the largest most secure platforms for crypto trading," she added.
The POR growth in July also corresponds with improved market sentiment and heightened institutional interest in digital assets, particularly following the recent price stabilization of Bitcoin above the $110,000 threshold.
Bitget’s PoR methodology includes monthly snapshots and daily updates of asset balances, matched against liabilities through publicly auditable cryptographic proofs. The platform’s reserve transparency continues to be a key differentiator as global regulators intensify demands for accountability from centralized exchanges.
For July, all reserve figures exceed the 100% mark across BTC, ETH, USDT, and USDC, and the exchange remains one of the few top-tier platforms to continuously publish real-time snapshots for user review. This consistent transparency is increasingly valued by both retail and institutional users seeking safeguards against mismanagement or opaque balance sheet practices.
To know more about Proof of Reserves, please visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is 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.
Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ab79b77e-18ca-440d-b88b-dd1a69aec32e
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
According to the PoR public figures published, BTC held by users grew from 6,594 BTC in June to 9,531 BTC in July. USDT holdings also experienced a notable increase of 21%, climbing from approximately 1.61 billion to nearly 1.95 billion. ETH balances rose by 31% month-on-month, from 148,754 ETH to 195,466 ETH, while USDC holdings grew by 14%.
The substantial surge in user asset holdings follows ongoing efforts across the industry to promote transparent reserve practices. Bitget continues to publish real-time reserve data via Merkle Tree infrastructure and open-source verification tools. As of July 23, the platform maintains a reserve ratio of over 200% across major assets, double the industry benchmark of 100%.
"This increase in on-platform user assets, especially Bitcoin, shows a bit of the broader trend in user behavior, where traders and institutions increasingly may favor exchanges that allow independent asset verification," said Gracy Chen, CEO at Bitget. "Our priority will always be to keep maintaining Bitget as one of the largest most secure platforms for crypto trading," she added.
The POR growth in July also corresponds with improved market sentiment and heightened institutional interest in digital assets, particularly following the recent price stabilization of Bitcoin above the $110,000 threshold.
Bitget’s PoR methodology includes monthly snapshots and daily updates of asset balances, matched against liabilities through publicly auditable cryptographic proofs. The platform’s reserve transparency continues to be a key differentiator as global regulators intensify demands for accountability from centralized exchanges.
For July, all reserve figures exceed the 100% mark across BTC, ETH, USDT, and USDC, and the exchange remains one of the few top-tier platforms to continuously publish real-time snapshots for user review. This consistent transparency is increasingly valued by both retail and institutional users seeking safeguards against mismanagement or opaque balance sheet practices.
To know more about Proof of Reserves, please visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
Bitget is 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.
Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ab79b77e-18ca-440d-b88b-dd1a69aec32e
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
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