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Will Hash Power Mining Lead Ethereum Into 2.0?

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2020 is destined to be an extraordinary year. The global health problems brought about by the Corona-virus, had not only accelerated fluctuation in personal assets, but also intensified the turbulence of the capital market. The first thing that bears the brunt is the US dollar system as the global currency, followed by crude oil, stocks, etc. At this time, the outstanding performance of cryptocurrencies has attracted the attention of many traditional investors, and the concept of “mainstream cryptocurrencies as safe-haven assets” was mentioned again.

From the perspective of M1, bitcoin is now recognized as the sixth largest currency in the world, which indicates that cryptocurrencies have officially integrated into the global mainstream financial system.

In 2020, the world’s largest digital payment platform PayPal announced that it will soon be able to let its more than 1 billion users to trade cryptocurrencies such as BTC, ETH through its online wallet.

In 2020, a financial services company led by Jack Dorsey, CEO of the digital payment company Square, announced that it had bought 4,709 BTC worth $50 million, which accounted for 1% of the company’s total assets.

In 2020, Singapore’s largest retail and commercial bank — DBS Bank, will soon launch the DBS cryptoexchange, which will support Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH) to start with.

In 2020, Ethereum settlement exceeded 1 trillion USD, surpassing the Bitcoin network settlement amount for the first time.

In 2020, the ecological market value of Ethereum has exceeded 100 billion USD, and the total lock-up amount of the Ethereum DeFi project has exceed 10 billion USD, which is a tenfold increase compared to 2019.

In 2020, the concept of DeFi made an explosion in the blockchain industry. Until late august, the total market value of all Defi tokens has reached 11.5 billion USD, the trading volume of decentralized cryptoexchanges has exceeded 400 million USD, and the total lock up value of DeFi projects has raised over 6.2 billion USD.

Moreover, the data above came from the current congestion and the racket high gas fee of ETH . After Ethereum 2.0 is fully launched, the TPS of Ethereum said to be increasing from 10-25 TPS to 100,000 TPS, and the market value of Ethereum ecosystem will reach trillions of dollars.

Although there are many complaints about the Ethereum network now, among the 242 DeFi projects, 197 are deployed on Ethereum, while EOS and Bitcoin have only 22 and 23 DeFi projects respectively.

With the increasing scale of the Ethereum DeFi ecosystem, the governance rights will be handed over to the community more and more, which makes migration basically impossible. This situation makes Ethereum and DeFi pushing each other’s mutual achievements.

From investors’ perspective, having experienced the collapse of ICO and many other incidents, it may be difficult for them to establish trust in centralized crypto-projects again.

In this context, the Galaxy Cloud hash power mining platform is a decentralized asset management platform that integrates ETH 1.0 POW mining , ETH 2.0 POS cloud mining and DeFi liquid mining, and is constructed to achieve tens of trillions of dollars of market value of ETH 2.0 in the future!

Galaxy Cloud hash power mining platform is created by the Galaxy Cloud Foundation. Galaxy Cloud Foundation was branched from Singapore AI Foundation in May 2020, aiming to support the research and development of various blockchain software and hardware, among which Ethereum and the decentralized technology ecosystem are the main targets.

Since the establishment of Singapore AI Foundation in 2017, it has been committed to support the research and development of artificial intelligence, and the return on their investment projects has been at the leading level of the AI industry. At the beginning of 2020, the AI Foundation decided to put out some funds and personnel to establish a blockchain fund to help the development of the emerging technology industries, and there came Galaxy Cloud Foundation.

The mission of Galaxy Cloud Foundation is to promote the development of new technologies and applications, especially in the field of new open and decentralized hardware and software architectures. Its goal is to develop, cultivate, promote and maintain decentralized and open technologies.

Galaxy Cloud Foundation gathers the world’s top financial technology talents, through years of research and development, formed the world’s leading artificial intelligence DeFi asset management platform — Galaxy Cloud hash power mining platform. Based on the global DeFi alliance (including Uniswap, MakerDao, Debank and dozens of other DeFi platforms), it integrated ETH 1.0 POW mining, ETH 2.0 POS cloud mining and DEFI liquidity mining. The Galaxy Cloud hash power mining platform will become the benchmark application of the future DeFi ecology, helping to build an application ecology with a market value of 10 trillion US dollars for ETH 2.0 for the next ten years.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Bybit Expands Beyond Crypto as CEO Outlines Next Phase of Financial Platform

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Dubai, United Arab Emirates, October 13th, 2026, Chainwire

Bybit Co-founder and CEO Ben Zhou has outlined the latest stage of the company’s expansion from a crypto exchange into The New Financial Platform, highlighting new products and collaborations across traditional and digital markets. 

The updates were presented during Bybit’s latest biannual “Keynote with Ben” session titled “Make Your Move”, where Ben discussed the convergence of financial markets and the company’s approach to building for that shift. Held outside the usual studio format, in a gathering with a live audience, the keynote brought Ben together with selected guests to discuss changes in the financial landscape, new technologies and the products shaping Bybit’s next phase.

Four Years of TradFi Expansion, With Stocks Now Live and mStocks Ahead

Four years after entering traditional finance with contracts for difference (CFDs) in 2022, Bybit has established itself as the largest crypto CFD platform, with trading volume reaching as much as $100 billion at its peak. On Oct. 12, the company expanded further into traditional markets with the launch of stock trading for eligible users, providing access to more than 1,000 U.S. stocks and ETFs. Users can trade using USDC, with fractional shares and 24/5 access covering U.S. pre-market, regular and after-hours sessions.

Bybit is also developing mStocks in collaboration with Mantle, with a targeted launch in November. The tokenized stock product is designed to be backed 1:1 by real stocks, with plans to support round-the-clock conversion between eligible stocks and mStocks on Bybit, as well as decentralized exchange trading through automated market maker (AMM) liquidity pools on Mantle. Converted mStocks are also expected to be transferable into Bybit’s Unified Trading Account (UTA) for use as trading collateral, subject to applicable terms and conditions.

Bybit launched IPO Express in June, giving eligible users access to selected IPO opportunities at the offering price through tokenized representations of the underlying securities. The service launched with SpaceX and is designed to extend Bybit’s access beyond secondary-market trading into selected primary-market opportunities.

The latest developments build on Bybit’s expansion into perpetuals, pre-market products, foreign exchange and options. Its TradFi offering now spans more than 600 products across equities, ETFs, indices, commodities and FX. TradFi perpetuals have recorded more than $180 billion in trading volume, while recent additions include Forex Perps and Perp Options, an industry-first options product built on TradFi perpetuals.

Bybit is continuing to develop new perpetual products linked to AI computing and commodities, extending its range of instruments beyond conventional crypto markets.

Extending the Platform into Payments

Beyond trading and investing, Bybit has expanded its payments infrastructure to help customers move funds with greater flexibility. Bybit Pay and Bybit Card support crypto and fiat transfers, merchant payments and everyday spending. The service now connects users with more than 5,000 merchants across 15+ countries and supports transfers to bank accounts and e-wallets, alongside QR payments and other payment services. Bybit has issued more than 4 million Bybit Cards, extending the platform’s use beyond financial markets into payments and spending.

Security and Regulatory Infrastructure

The expansion has been accompanied by investment in security, compliance and technology infrastructure.

In the first half of 2026, Bybit said it intercepted more than 30,000 suspicious withdrawal requests, protecting users from more than $700 million in potential losses.

Bybit also secured five new licenses and regulatory approvals across European Union, the Cayman Islands, Indonesia, South Africa and El Salvador during 2026. These regulatory developments support the company’s efforts to expand its presence across different markets, subject to local requirements.

The company launched Bybit AI in September as a conversational assistant across trading, account management and customer support, with further development planned around the platform’s wider financial services.

“Bybit is all about giving you the speed and scale you need when you Make Your Move. We have brought trading, investing, payments and AI together, and we are continuing to add more markets and more ways to use them. We built the platform. Now it is about giving people the financial freedom to make their own move,” said Ben Zhou, Co-founder and CEO of Bybit.

Building Beyond the Exchange

Four years after entering TradFi, Bybit now combines crypto markets with stocks and ETFs, derivatives, commodities, FX, selected pre-IPO access, payments and AI-powered services. The company’s focus is increasingly on bringing these capabilities together within a single platform while continuing to expand market access, product depth and the infrastructure supporting them.

For Bybit, the development of The New Financial Platform represents the next stage of its growth beyond crypto and into a broader role across global financial markets.

Watch the full keynote here: https://www.bybit.com/en/press/live/keynote-with-ben-h2-2026

#Bybit / #NewFinancialPlatform  

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Head of PR
Tony Au
Bybit
tony.au@bybit.com

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Meet A7 International, an Innovative Global Platform Designed to Reinvent the International Payments Market

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Moscow, Russia, October 13th, 2026, Chainwire

A7 International enables businesses and individuals to pay invoices with digital assets, while recipients receive a regular bank transfer, reflecting A7’s international positioning and expanding the geography of settlements available to foreign clients.

In two years of operation, A7 has become one of the key players in the international settlements market. Founded in 2024 to serve the foreign economic activity of Russian businesses, it currently serves around 15,000 companies, processing 10+ trillion roubles in 2025 alone. The services A7 offered domestically sparked interest among businesses from other countries, prompting the company to come up with a new product for foreign clients.

The launch of A7 International marks a new stage in A7’s journey. In response to requests from foreign entrepreneurs, the company is expanding its positioning and creating an export offering for businesses in various countries. It is a remote service compliant with local legislation on digital assets and available only in those jurisdictions where cryptocurrency circulation is permitted.

“We are presenting not just a new product in the lineup, but a new image of A7. We have adapted our service so that it can be used remotely from anywhere in the world. This is precisely the key demand of market participants today. They want to be able to transfer money around the world in a few clicks in the shortest possible time – directly from your smartphone, without lengthy paperwork, hidden fees, or unjustified holds on funds. And we are packaging this demand into a convenient and competitive form,” said Chairman of Bank PSB Petr Fradkov.

The mechanics of the service are simple: the client transfers USDT, and A7 arranges a bank transfer via SWIFT using the counterparty details specified in the invoice. The recipient does not need to accept cryptocurrency or open a crypto wallet: the funds arrive in their bank account.

To submit an application, you need to register in your personal account on the website a7.biz. Individuals undergo identity verification (KYC), and companies undergo corporate data verification (KYB). Then the client uploads the invoice and the necessary documents. The built-in algorithm automatically recognizes the invoice data and helps fill out the application.

“The system operates as follows. AI analyzes the sender and beneficiary, jurisdictions, and key risk factors of the transaction. Based on the verification results, a risk profile of the payment is formed and the available options for processing it are determined. The system compares compliance requirements with the capabilities of the existing payment infrastructure. After that, it recommends the optimal payment route taking into account its cost, speed, reliability, and applicable restrictions. Routing dynamically adapts to changes in conditions and the availability of payment channels. Data accumulated over the years makes it possible to continuously improve the quality of decisions made by the system,” noted A7 CEO Ilan Shor.

At launch, A7 International accepts USDT on the TRON network. Bank transfers are available in US dollars, euros, Chinese yuan, and UAE dirhams. Other currencies are available by prior agreement. The commission is 0.3% for both businesses and individuals. After uploading the invoice, the client sees the final cost of the payment, including commission, in advance.

Payment execution time is from one business day. After the operation is completed, the client receives a SWIFT message or another confirming document. For currency and customs control, the service also provides closing documents.

The presentation of the service took place on a symbolic date and time — October 13 at 13:13.

Video of the official presentation and Customer journey here.

About A7

A7 is a global financial technology company specializing in international payments and settlement solutions for international trade. It was established in 2024 with the involvement of PSB Bank.

A7 is developing an independent global payment infrastructure across more than 100 countries, combining global financial expertise, advanced technology and regulatory compliance. The company’s products include international payments, digital financial assets and promissory notes.

A7 Group works with 15,000 clients, with around 2,000 transactions processed through the system every day. In 2025, approximately 19% of Russian companies’ cross-border trade settlements were processed through A7. In October 2025, A7 received an AA(RU) credit rating with a Stable outlook from ACRA.

Contact

CMO
Alex Fedorov
A7
info@a7.biz

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Meet A7 International, an Innovative Global Platform Designed to Reinvent the International Payments Market

Published

on

Moscow, Russia, October 13th, 2026, FinanceWire

A7 International enables businesses and individuals to pay invoices with digital assets, while recipients receive a regular bank transfer, reflecting A7’s international positioning and expanding the geography of settlements available to foreign clients.

In two years of operation, A7 has become one of the key players in the international settlements market. Founded in 2024 to serve the foreign economic activity of Russian businesses, it currently serves around 15,000 companies, processing 10+ trillion roubles in 2025 alone. The services A7 offered domestically sparked interest among businesses from other countries, prompting the company to come up with a new product for foreign clients.

The launch of A7 International marks a new stage in A7’s journey. In response to requests from foreign entrepreneurs, the company is expanding its positioning and creating an export offering for businesses in various countries. It is a remote service compliant with local legislation on digital assets and available only in those jurisdictions where cryptocurrency circulation is permitted.

“We are presenting not just a new product in the lineup, but a new image of A7. We have adapted our service so that it can be used remotely from anywhere in the world. This is precisely the key demand of market participants today. They want to be able to transfer money around the world in a few clicks in the shortest possible time – directly from your smartphone, without lengthy paperwork, hidden fees, or unjustified holds on funds. And we are packaging this demand into a convenient and competitive form,” said Chairman of Bank PSB Petr Fradkov.

The mechanics of the service are simple: the client transfers USDT, and A7 arranges a bank transfer via SWIFT using the counterparty details specified in the invoice. The recipient does not need to accept cryptocurrency or open a crypto wallet: the funds arrive in their bank account.

To submit an application, you need to register in your personal account on the website a7.biz. Individuals undergo identity verification (KYC), and companies undergo corporate data verification (KYB). Then the client uploads the invoice and the necessary documents. The built-in algorithm automatically recognizes the invoice data and helps fill out the application.

“The system operates as follows. AI analyzes the sender and beneficiary, jurisdictions, and key risk factors of the transaction. Based on the verification results, a risk profile of the payment is formed and the available options for processing it are determined. The system compares compliance requirements with the capabilities of the existing payment infrastructure. After that, it recommends the optimal payment route taking into account its cost, speed, reliability, and applicable restrictions. Routing dynamically adapts to changes in conditions and the availability of payment channels. Data accumulated over the years makes it possible to continuously improve the quality of decisions made by the system,” noted A7 CEO Ilan Shor.

At launch, A7 International accepts USDT on the TRON network. Bank transfers are available in US dollars, euros, Chinese yuan, and UAE dirhams. Other currencies are available by prior agreement. The commission is 0.3% for both businesses and individuals. After uploading the invoice, the client sees the final cost of the payment, including commission, in advance.

Payment execution time is from one business day. After the operation is completed, the client receives a SWIFT message or another confirming document. For currency and customs control, the service also provides closing documents.

The presentation of the service took place on a symbolic date and time — October 13 at 13:13.

Video of the official presentation and Customer journey here.

About A7

A7 is a global financial technology company specializing in international payments and settlement solutions for international trade. It was established in 2024 with the involvement of PSB Bank.

A7 is developing an independent global payment infrastructure across more than 100 countries, combining global financial expertise, advanced technology and regulatory compliance. The company’s products include international payments, digital financial assets and promissory notes.

A7 Group works with 15,000 clients, with around 2,000 transactions processed through the system every day. In 2025, approximately 19% of Russian companies’ cross-border trade settlements were processed through A7. In October 2025, A7 received an AA(RU) credit rating with a Stable outlook from ACRA.

Contact

CMO
Alex Fedorov
A7
info@a7.biz

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

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