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Glory Star expected to further increase profitability

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4 years ago

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Glory Star New Media Group, a Nasdaq-listed digital media platform and content-driven e-commerce company in China, is expected to be able to further increase its profitability with its growing market share and economy of scale.

The company reported a 15.8% growth in its Non-GAAP net income to US$16.9 million for the six-months ended June 30 from US$14.6 million in the same period of last year.

During the first half of this year, the company’s total revenues grew 144.6% to US$71.9 million from US$29.4 million, thanks to the increase in advertising revenues and Cheers e-Mall marketplace service revenue, primarily attributable to the development and promotion of its mobile and online businesses.

Income from operations surged 40.9% to US$16.2 million from US$11.5 million.

During the first half year of 2021, the company successfully grew its top and bottom lines as it allocated more resources to sales and marketing to augment its brand equity and fuel its long-term growth engine.

The company’s rising economy of scale will allow it to gradually reduce operating expenses and capitalize on the rising popularity of video content and deliver lasting shareholder value.

At the end of June 30, the number of downloads of the company’s Cheers App reached 215.6 million, up from 121 million a year earlier. The increase in the number, a key indicator of the attractiveness and usability of its Cheers App and its e-Mall platform traffic, showed that it had successfully converted viewers of its content to its Cheers App.

Average daily active users (DAUs) of the app grew to 7.1 million from 4.5 million for the same period. Stock Keeping Units (SKUs) on its Cheers e-Mall platform jumped to 231,630 from 19,984.

Gross Merchandise Value (GMV) of the Cheers App reached US$181.2 million in the first six months of this year, compared with US$20 million in the same period of 2020. The increase in GMV was driven significantly by its ability to attract and retain users to its Cheers App through its professionally produced content and its ability to further enhance its product offerings.

The company has a strong commitment to its corporate mission, meticulous execution of growth strategies, methodical expansion in both overseas and domestic markets, proactive engagement of Generation Z users through innovative products, and prudent investment in sales and marketing initiatives. It plans to refine its competitive edge in content-driven e-commerce of premium lifestyle, deepen our expertise in integrating quality content with lifestyle commerce, and expand our brand influence among Generation Z consumers on a global basis.

During the first half year, the resurgence of Covid-19 and its Delta variant caused the Chinese government to impose travel restrictions within mainland China, particularly in the southern regions of the country.

The company temporarily suspended the production of its traditional “Cheers Series” TV programs, thus resulting in a decline in its cost of revenues during the first six month of 2021. Once the travel restrictions are eased, the company will resume its content production activities in the second half of this year.

As of June 30, 2021, the company had cash and cash equivalents of US$20.3 million, compared with US$17.7 million at the end of last year.

Blockchain and AI technologies

Since its establishment in 2016, Glory Star has pioneered a unique, new business model integrating e-commerce services with premium video content. With the use of blockchain and AI technologies in its systems, the company has become a leading online digital media and entertainment company in China, with a strong track record both in terms of viewership and production capabilities. The company launched its Cheers App in 2018 to integrate e-commerce services with professionally generated content (PGC).

During the first half, the company produced many more live streaming shows and started to provide title sponsor advertising services at a higher price point. It also spent substantially on the development of the Cheers Chat and Cheers Car.

The company plans to provide more user-generated content (UGC) by forming partnerships with other platforms. It will allow global users to upload their content to its video platforms in the fourth quarter of this year while users will receive advertising revenue or get rewards from viewers directly.

The company will also allow content providers to use its software-as-a-service (SaaS) supply chain system with the blockchain technology that will help them match with relevant merchandisers. Content providers will be able to share the revenue from the sales of products on their video accounts.

The company’s ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people’s lives.

Its large and active user base has created valuable engagement opportunities with consumers and enhanced platform stickiness with thousands of domestic and international brands.

Non-fungible token

Glory Star’s Naschain platform offers one-stop solutions, which include smart contract, multichain universe and cross-chain consensus mechanisms, to users with its blockchain technology. It can help e-shoppers trace the origins of the products, avoid buying counterfeit goods, lower their logistics costs and protect their privacy.

The company has signed an agreement with the Beijing Minsheng Art Museum to use the company’s non-fungible token (NFT) technology, which can be used in copy-rights’ registration, verification, transaction and valuation, to protect the intellectual property of the museum’s artworks. The company will be able to boost its market share by acquiring some NFT service providers.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

“Truth Behind the Virus” Documentary Released Globally: Rebuilding Global Public Health Governance in a Post-Pandemic World

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2 hours ago

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July 1, 2025

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In June 2025, the groundbreaking documentary Truth Behind the Virus premiered globally on Roku TV, one of the United States’ leading connected television platforms. Taking the COVID-19 pandemic as its point of departure, the film presents a sobering reflection on the institutional fragilities and trust deficits exposed in the current global health governance framework. Through a critical examination of virus origins, scientific collaboration, and geopolitical contestation, the documentary calls on the international community to rethink the structures of global health cooperation and build a more resilient, equitable system.

The film features exclusive interviews with frontline experts, including members of the WHO’s Scientific Advisory Group for the Origins of Novel Pathogens (SAGO). It highlights the scientific evidence behind viral origin theories, analyzes the structural impacts of geopolitics on public health systems, and underscores that international cooperation and shared scientific knowledge are essential to managing future health threats.

 

Facing Reality: Nature, Not Conspiracy

 

Truth Behind the Virus is not merely a historical chronicle of the pandemic era—it also captures deep insights from scientists at the frontlines of global virology research. Among them are two key members of WHO’s SAGO: Dr. Carlos Morel, Director of the Centre for Technological in Health under Brazil’s Ministry of Health, and Dr. Christian Happi, Director of the African Center of Excellence for Genomics of Infectious Diseases. Both have led vital research efforts on emerging pathogens and neglected tropical diseases.

 

In the film, the experts reaffirm the global scientific consensus that natural origin mechanisms are far more likely—and more complex—than any human-engineered cause. As Dr. Morel states, “Nature is far more powerful than humans. It does not need our help to produce new pathogens.” He emphasizes that regions of high biodiversity, such as the Amazon Basin, are inherently fertile ground for the emergence of unknown viruses.

 

Both experts stress that investigations into the origins of pathogens must be rooted in global collaboration, scientific consensus, and evidence-based reasoning—not political manipulation or emotional scapegoating. They caution that when science is silenced, stigma and division become the greatest threats to global health governance.

 

Geopolitical Tensions Undermine Global Health Infrastructure

 

The documentary also sheds light on a largely overlooked structural crisis: the chronic underfunding of the global public health system amidst escalating geopolitical conflict. With countries like the United States slashing financial contributions to the World Health Organization, many projects—particularly those targeting neglected tropical diseases (NTDs)—face severe funding cuts, staffing losses, and suspended operations.

 

Dr. Morel, as a current SAGO member, offers a candid assessment. “They are cutting staff, slashing budgets, and shutting down projects. Many frontline researchers have had to cancel travel or even disband teams.” He warns that the fragile architecture of global health depends on sovereign state contributions—and in a climate of rising geopolitical tensions, more and more countries are redirecting budgets toward bombs and fighter jets instead of research and prevention.

 

The film critiques this growing imbalance, arguing that prioritizing military spending over pathogen preparedness not only weakens early response capacity but also exacerbates global inequality in access to healthcare and research infrastructure.

 

The Politicization of Virus Origins

 

The documentary provides a detailed account of how the discourse around virus origins has been politicized since 2020. It spotlights how, absent conclusive evidence, some governments rushed to blame China and the Wuhan laboratory, leveraging social media to amplify the “lab leak” narrative.

 

In 2020, the U.S. government announced its withdrawal from the World Health Organization and froze funding, further destabilizing global cooperation. Although the Biden administration reversed the withdrawal process, in January 2025, the U.S. again announced funding cuts, placing renewed strain on WHO operations.

 

Importantly, in February 2021, WHO’s joint investigation team publicly stated that “a lab-origin scenario is extremely unlikely.” WHO Director-General Dr. Tedros Adhanom Ghebreyesus has repeatedly emphasized that tracing the origins of a virus is a scientific endeavor—not a political one.

 

The film contends that under “America First” policies, viruses, funding, and origin narratives have all been weaponized as foreign policy tools. This undermines the independence of global public health institutions and weakens the multilateral system at its core. Behind Hollywood’s heroic narratives of saving humanity lies a more troubling story of displaced accountability and declining global solidarity.

 

Cross-Border Collaboration and Institutional Renewal Are Urgent

 

In its concluding message, Truth Behind the Virus issues a clear and urgent call: the world must move beyond ideological divides and return to science-based, cooperative global health governance. In the aftermath of COVID-19, only by rebuilding trust and upholding multilateral frameworks can humanity mount a credible defense against future pandemics.

 

The film highlights under-recognized platforms such as Sino-Brazilian scientific cooperation and the TDR (Special Programme for Research and Training in Tropical Diseases), which have provided indispensable global public health support. Yet, these collaborative frameworks are often marginalized within international discourse—a neglect that demands serious reconsideration from policymakers.

 

“We must hold accountable those decision-makers who continue to cut public health budgets and politicize disease,” one expert warns in the film. “And we must secure long-term institutional support for scientific research.”

 

As the documentary underscores, hope for global health lies not in confrontation, but in cooperation. Not in fear, but in knowledge.

As of February 2025, Roku announced that its global user base had exceeded 90 million households, reaching an estimated 145 million homes worldwide. With its release on this powerful platform, Truth Behind the Virus is poised to reach a vast international audience—amplifying the voices of science and prompting a renewed reflection on our shared health destiny.

 

Truth Behind the Virus is now officially released. We invite viewers, institutions, and media platforms to engage, share, and reflect. Let us begin with truth—and move together toward the future.

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Press Release

NodeOps Network $NODE Token Generation Event Sells Out in Minutes via Binance Wallet, Debuts Across Top Global Exchanges

Published

9 hours ago

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June 30, 2025

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Dubai, UAE, 30th June 2025, ZEX PR WIRE, NodeOps Network is thrilled to announce the successful completion of its exclusive Token Generation Event (TGE) on Binance Wallet, where $NODE tokens sold out within minutes of launch. The event, held on June 30 between 08:00 and 10:00 UTC, marked a major milestone for the project and showcased overwhelming demand from the global crypto community.

Hosted as the 27th TGE on Binance Wallet, this launch also marked a strategic first: participation was gated exclusively through Binance Alpha Points, a move that increased user engagement and rewarded Binance’s most active ecosystem participants with early access to NodeOps Network’ decentralized Compute coordination layer. In addition to Binance Wallet, $NODE is accessible on PancakeSwap, supporting broader participation while staying true to the principles of decentralization.

Following the oversubscription, $NODE officially launched for trading at 10:00 AM UTC on a curated set of top global exchanges, including KuCoin, OKX Wallet, Bitget, MEXC, HTX (formerly Huobi), BitMart, LBank, and BingX. This coordinated multi-exchange debut marks a pivotal moment in NodeOps Network’ journey to make decentralized Compute infrastructure accessible at scale, signaling the beginning of what the community is calling “DePIN 2.0”

NodeOps Network: Powering the Future of Decentralized Compute

NodeOps Network is a decentralized infrastructure coordination layer powering the next era of verifiable compute. Designed for scale, the protocol currently orchestrates over 61,000 active nodes, powers 60+ protocols, and has generated $3.8 million in revenue to date with $150M of assets under management. 

Built on top of NodeOps Network, the NodeOps Platform offers a modular product suite—including a no-code Node Console, decentralized Compute Cloud, Staking Hub, Security Hub, and AI Agent Terminal designed to simplify infrastructure deployment across Web3 and AI. The platform addresses the growing complexity of operating compute and node infrastructure in a multi-chain world, supporting networks across BNB Chain, Ethereum, and emerging Layer 2 solutions.

Redefining Token Launches Through Strategic Access

Token Generation Events serve as critical inflection points in the lifecycle of emerging crypto projects, offering early supporters access to native tokens before widespread distribution. With a proven track record of spotlighting successful Web3 projects, Binance continues to play a pivotal role in bridging high-potential protocols with its global user base.

The introduction of Alpha Points as the sole access mechanism to the NodeOps Network TGE signals a clear shift in launch strategy. Traditionally earned through platform engagement, Alpha Points now serve as high-utility assets rewarding loyal, active users with exclusive opportunities to participate in Binance-curated launches.

Tokenomics for Sustainability

$NODE’s tokenomics emphasize stability, real usage, and economic alignment. With a total genesis supply of 678,833,730 tokens, the distribution model incorporates long-term vesting, protocol-based emissions, and a burn-and-mint equilibrium that ties token creation to on-chain revenue. This structure promotes a responsible token economy, ensuring that supply growth is directly tied to value creation, not speculative emissions.

In line with NodeOps’ commitment to transparency and user-centricity, it released a first-of-its-kind interactive tokenomics portal to help users model and better understand the dynamic nature of $NODE’s tokenomics. Its emissions follow a dynamic mint-and-burn model tied to real network usage, anchoring long-term value to platform demand.

Token Allocation Highlights:

  • Community & Ecosystem: 47.5%
  • Early Backers: 22.5%
  • Protocol Incentives: 15%
  • Initial Contributors: 15%

NodeOps is positioning itself as the leading DePIN infrastructure platform, uniting tokenized incentives, AI automation, and decentralized compute into a single interface for the future of verifiable systems.

About NodeOps Network

NodeOps Network is an AI-powered, decentralized Compute coordination layer that automates validator and node operations across blockchain networks. Supporting over 60 protocols and 61,000 nodes, NodeOps delivers scalable infrastructure tooling and staking solutions that power the next generation of decentralized applications.

For more information, please visit https://nodeops.network/ 

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Press Release

Zilliqa 2.0 Launches: A New Era for Scalable, Institution-Ready, and EVM-Compatible Blockchain Infrastructure

Published

10 hours ago

on

June 30, 2025

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Singapore, 30th June 2025, ZEX PR WIRE, Zilliqa, the pioneering high performance Layer 1 blockchain platform known for bringing sharding into production, today announced the official transition from Zilliqa 1.0 to Zilliqa 2.0 — a major protocol upgrade that redefines the platform’s capabilities for developers, enterprises, and institutions alike.

As the industry matures, so do its requirements. With Zilliqa 1.0, the world witnessed that high-throughput, sharded blockchains could operate at scale. But in today’s rapidly evolving web3 world, the need for regulatory alignment, composability, and developer-first tooling is greater than ever. Zilliqa 2.0 addresses this with a re-architected, modular platform designed to support verifiable smart contracts, tokenized assets, and next-generation dApps. It represents a complete architectural overhaul, built to meet the demands of today’s blockchain landscape — from EVM compatibility and modular design to regulatory-ready infrastructure that enables  tokenized real-world assets and compliance-driven DeFi.

“Zilliqa 2.0 is more than an upgrade — it’s a transformation. We’re building the blockchain institutions can trust without compromising on the speed, flexibility, or openness that brought us here in the first place. The next era of blockchain won’t be built on hype. It’ll be built on trust, transparency, and technical excellence. That’s what Zilliqa 2.0 stands for”, said Alexander Zahnd, interim CEO of Zilliqa.

Key Upgrades in Zilliqa 2.0

Zilliqa 2.0 launches with full EVM  support, enabling seamless deployment of Ethereum-native applications and tooling. The platform’s modular design future proofs the chain for upgrades, scale, and protocol evolution.At its core are six foundational pillars: a modern Proof-of-Stake consensus, customizable x-shards, seamless cross-chain communication, light client support, and sustainable tokenomics. Looking ahead, Zilliqa’s roadmap includes smart accounts that will bring enhanced on-chain programmability, as well as zero-knowledge (ZK) features to enable privacy-preserving compliance tools like selective disclosure and verifiable credentials. Together, these upgrades deliver a blockchain that’s faster, greener, easier to build on, and ready for real-world adoption at scale. 

This upgrade transforms Zilliqa into a blockchain that’s as attractive to institutions as it is to developers. Whether it’s fintechs launching programmable assets or compliance-driven DAOs building advanced tooling, Zilliqa 2.0 offers a production-ready base layer that bridges real-world needs with decentralized innovation.

“Zilliqa is now institution-ready and developer-friendly,” Zahnd added. “We’ve rebuilt the core to make sure we’re not just fast — we’re also open, composable and built for real-world impact.”

Continuous Commitment to Performance

With over 50 million transactions processed and one of the most proven sharding implementations in production, Zilliqa’s core performance is only accelerating. Validators remain integral to the protocol, and staking continues to offer attractive rewards as the network enters its next chapter.

With Zilliqa 2.0’s debut, staking receives a performance boost:, streamlined validator onboarding, and potential early high APR for users who migrate staking early from Zilliqa 1.0 to Zilliqa 2.0. This dynamic staking model is designed to incentivize early adopters while scaling sustainably as liquidity gradually transitions from the old to the new system.

Over a six-month Aventurine phase, 21 external validators tested the proto-mainnet, generating over 7.5 million blocks and completing 15 successful client upgrades. Now live on mainnet, Zilliqa 2.0 is powering projects building across tokenized assets, (regulated) DeFi, digital identity, fintech infrastructure, and more. Strategic integrations – such as partnerships with LTIN and deBridge (introducing native USDC) –  are already expanding the ecosystem’s capabilities. With this momentum, Zilliqa is emerging as the high-performance Layer 1 where institutions, innovators, and real-world value collide.

If you’re a developer and want to build dApps on Zilliqa 2.0, please refer to the technical documentation.

About Zilliqa:

Zilliqa is a high-performance Layer 1 blockchain platform built to power scalable, secure, and interoperable decentralized applications. As the first public blockchain to implement sharding, Zilliqa has consistently pushed the boundaries of blockchain infrastructure. With the launch of Zilliqa 2.0, the platform is evolving to meet the needs of institutions, enterprises, and developers seeking high-throughput infrastructure with the trust, transparency, and flexibility required for real-world adoption.

To learn more, visit www.zilliqa.com or follow @zilliqa for regular updates.

Press Contact

Shilika Jain

PR Lead (On behalf of Zilliqa)

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