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From Crypto Travel to Sports Betting: The Big Moves by Bybit, PFL, and Forte

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From Crypto Travel to Sports Betting: The Big Moves by Bybit, PFL, and Forte


In Brief

In January, several crypto companies formed significant partnerships, including PLAY’s collaboration with Forte for Web3 gaming, Bitpanda’s deal with PSG, Ronin Network’s integration with Transak, Mastercard’s crypto expansion to UAE and Kazakhstan, PFL’s crypto betting partnership with Cloudbet, and Bybit’s luxury travel offering with Entravel.

From Crypto Travel to Sports Betting: The Big Moves by Bybit, PFL, and Forte

Running high on hope, crypto companies around the world started 2025 with some strong partnerships, and this optimism continues strongly as we approach the last week of January.

So, like every week, it’s not a bad idea to take a look at some exciting partnerships in the crypto sector.

PLAY Partners with Forte to Enhance Web3 Onboarding and Expand Blockchain Access

PLAY, a prominent platform for incorporating Web3 technology into gaming, has joined forces with Forte, a leading provider of blockchain compliance and payment solutions. This strategic partnership is focused on making it easier for creators, developers, and players to engage with blockchain technology in a secure, accessible, and compliant manner.

The partnership aims to ease the training process for newbies to the Web3 space. Utilizing Forte’s legal structure and technical know-how, PLAY plans to provide an easy-to-use experience similar to standard Web2 platforms, making it possible for anyone to start using blockchain, even if they have no prior experience. To make sure that all users can make payments easily and legally, PLAY will also use Forte’s link with Fiant, a registered U.S. company.

Christina Macedo, the CEO and Founder of PLAY, stated that the goal of the partnership is to provide an experience that makes Web3 as accessible and user-friendly as Web2. She emphasized the importance of handling the complexities of compliance and technology, so users can focus on engaging with the space rather than the technicalities.

CEO of Forte, Bela Pandya, said that strong economic frameworks and frictionless payment systems are important for driving the growth of blockchain and Web3. He also said that the partnership aims to remove barriers to entry for new creators and innovators by creating safe and open spaces, which will help make the technology mainstream.

Bitpanda Partners with Paris Saint-Germain to Expand Digital Asset Presence

Bitpanda has become the official premium partner of Paris Saint-Germain (PSG) for an extended period of time. By forming this partnership, Bitpanda has significantly expanded its sports offerings. This follows the announcement of the company’s prior collaboration with the NFL in September 2024.

As part of the contract, Bitpanda’s logo will be prominently displayed on LED displays and static signage at PSG’s Parc des Princes stadium, home to 48,000 people. The formal start of the collaboration came on January 12 when PSG played AS Saint-Étienne.

Along with its deals with FC Bayern München and the NFL, this partnership makes Bitpanda’s presence in European sports even stronger. The company wants to use its relationships to connect with sports fans around the world and improve its image as a top digital investment platform.

Nicola Ibbetson, who is in charge of PSG’s global partnerships, said that the partnership shows how committed both companies are to new ideas. It also gives them the chance to connect with fans all over the world and improve the future of digital sports interactions.

Ronin Network and Transak Partner to Revolutionize Fiat-to-Crypto and NFT Payments

Ronin Network, a blockchain developed by Sky Mavis with a focus on gaming, has entered a strategic partnership with Transak, a leading platform for fiat-to-crypto conversions. The goal of this collaboration is to simplify access to blockchain transactions, making it easier for gamers and users to navigate the world of NFTs and cryptocurrencies through traditional payment methods.

By integrating Transak’s fiat-to-crypto services, this partnership allows users to purchase cryptocurrencies and NFTs directly using fiat currency, removing the need for users to first acquire crypto tokens. This is made possible by Transak’s advanced NFT Checkout service, now available on Mavis Market, Ronin’s official NFT marketplace. The service allows for seamless digital asset purchases, with minimum transaction amounts as low as $0.01, further enhancing accessibility.

Etienne Gandon, Head of Partnerships at Transak, emphasized that this service is one of the most advanced solutions for fiat-to-NFT transactions available today. He pointed out that NFTs represent more than just digital ownership; they are a tool for fostering trust and social engagement within communities. Gandon also expressed his belief that NFTs will play a significant role in reshaping social identities in the digital space.

Transak’s long-term vision for the collaboration includes further simplification of the gaming experience, such as eliminating the need for players to manage multiple accounts or manually handle gas fees. As the blockchain gaming industry continues to evolve, Transak plans to expand its support to additional blockchains, responding to user needs and expanding the adoption of blockchain and NFT technologies in gaming.

Mastercard Expands Crypto Credential Solution to UAE and Kazakhstan

Mastercard has extended its Crypto Credential solution to the UAE and Kazakhstan, aiming to streamline digital asset transactions by simplifying the process of sending and receiving crypto. By allowing users to transact using aliases instead of complex blockchain addresses, this initiative reduces transaction errors and enhances overall security.

The solution also ensures compliance with regulatory standards, such as the Travel Rule, by exchanging essential metadata between users and verifying recipient details before processing transactions. Mastercard has partnered with regional exchanges and platforms like ATAIX Eurasia, Intebix, and CoinMENA to support these secure and efficient transactions.

While the initial rollout focuses on peer-to-peer transactions, Mastercard plans to expand this solution to cover additional blockchain applications, such as NFTs and ticketing, as market conditions evolve. This expansion is part of a broader effort, with Mastercard’s Crypto Credential already being tested across multiple regions, including North America, Europe, and Asia-Pacific, and plans for further availability in the near future.

The Astana Financial Services Authority’s Fintech Division Director noted that collaborating with global players like Mastercard is key to building trust and regulatory consistency in the rapidly growing digital asset market.

PFL Teams Up with Cloudbet for New Crypto Betting Partnership

The Professional Fighters League (PFL) has teamed up with Cloudbet, which is a big step forward for the growing trend of crypto betting in MMA. Cloudbet, a well-known online crypto casino and sportsbook, will be the official sports betting partner of the PFL, which fits with the league’s goal to become one of the best MMA organizations in the world.

Starting on January 25, the PFL’s Road to Dubai Champions Series event is where this multi-year deal will begin. By working with Cloudbet, the PFL hopes to increase fan engagement by adding new crypto sports betting options to its already exciting mixed martial arts style.

Damian Willoughby, EVP of Global Partnerships at PFL, expressed enthusiasm for the collaboration, praising Cloudbet’s industry leadership and cutting-edge products. He highlighted how this partnership aligns with the PFL’s mission of delivering fresh and premium experiences to fans worldwide.

Crypto betting has gained momentum in MMA, with several platforms seeking exposure in the sport. For the PFL, integrating crypto betting into its growth strategy is part of its broader commitment to innovation and disruption within the MMA landscape. James Frewin, the PFL’s International Managing Director, shared that embracing the gaming space reflects their goal of continuously evolving the sport to offer new, exciting experiences for fans.

Bybit and Entravel Join Forces to Offer Exclusive Luxury Travel Deals Through Crypto

Through their partnership with Entravel, a foremost platform for crypto-based hotel bookings, Bybit is able to provide its users with exclusive access to discounted luxury travel. Through this partnership, Bybit customers can book more than one million luxury hotels globally at rates as low as 70% off, courtesy of Entravel’s crypto-focused, members-only program. Bybit users also gain free membership to Entravel, unlocking a world of savings on high-end accommodations.

In addition, customers who pay with the Bybit Card can receive up to 6% cashback on their hotel reservations, which is an even better deal for people who want to use cryptocurrency for their trips. This partnership shows how digital currencies are becoming more commonplace, letting people book their trips easily without having to convert currencies.

As more people integrate bitcoin into their everyday routines, Bybit and Entravel are presenting an innovative method to mix digital assets with luxury travel. Thanks to Bybit’s large user base, this cooperation has the ability to reach people all over the world, providing tourists with a one-of-a-kind chance to have affordable luxury stays. As a pioneer in connecting cryptocurrency with mainstream businesses, Bybit is solidifying its position with this step.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author


Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.

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Victoria d’Este










Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.



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Ethereum targets March 2025 for ambitious Pectra upgrade rollout

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Ethereum targets March 2025 for ambitious Pectra upgrade rollout



Ethereum developers are preparing to introduce the network’s next upgrade, Pectra, in March 2025.

This timeline was discussed during the latest Execution Layer Meeting on Jan. 16, where key milestones leading to the mainnet activation were outlined.

According to the developers, preparation begins with finalizing block numbers for the Sepolia and Holesky forks, which is expected to conclude by Jan. 23 or 30.

Afterward, updated client versions will be released on Feb. 3. The Sepolia fork is scheduled for Feb. 12, followed by the Holesky fork on Feb. 19.

These forks will adopt shadow testing, simulating mainnet conditions to ensure realistic and efficient testing. This approach avoids creating an additional developer network, reducing complexity while thoroughly vetting the upgrade.

Christine Kim, a researcher at Galaxy Digital, acknowledged that the timeline remains flexible. She pointed out that unexpected issues during testing could cause delays, though optimism about a March activation is growing.

Kim warned on X:

“The above [date] is a tentative and optimistic timeline for pectra activation on testnets and mainnet. Bugs and issues in code found during testing may delay the timeline.”

Pectra upgrade

The Pectra upgrade has been described as Ethereum’s most ambitious hard fork and was initially split into two phases.

The first phase promises several enhancements to improve Ethereum’s efficiency and usability. Among its highlights are updates to account abstraction, validator staking processes, and deposit and exit mechanisms.

Meanwhile, Pectra’s second iteration is expected to introduce even more transformative changes. While no release date has been set for Pectra 2, it could include advancements such as Ethereum Virtual Machine (EVM) upgrades and the implementation of PeerDAS technology.

Combined, these features are designed to simplify user interactions while bolstering the network’s operational framework.



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Don’t miss the Fanatical Build your own Explosive Bundle as it’s an awesome deal for FPS fans

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Don’t miss the Fanatical Build your own Explosive Bundle as it’s an awesome deal for FPS fans


Another awesome deal for you here in the Fanatical Build your own Explosive Bundle. A chance to build up your collection of action-packed games and seriously cheap too.

You can get 3 + Games for £1.66 each, 5 + Games for £1.60 each and 7 + Games for £1.43 each. And when you look at what’s available, I think you’ll agree you can do well with this one.

Available to pick from:


WRATH: Aeon of Ruin
Wolfenstein: The New Order
Prey (2017)
HYPERVIOLENT
GRAVEN
SPRAWL
BPM: BULLETS PER MINUTE
Hands of Necromancy II
Eden Survivors
Anomalous
The Pony Factory
Jawbreaker
GROSS
Chop Goblins
DIMENSIONAL SLAUGHTER
QUAKE
Viscerafest
Deathbloom: Chapter 1
Deathbloom: Chapter 2
The Hong Kong Massacre & Splatter – Zombiecalypse Now Double Pack
Diluvian Ultra

Check it all out on Fanatical.

Fanatical also list the official Steam Deck Verified rating on each game to make it easier for you.

Article taken from GamingOnLinux.com.



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Phantom Crypto Wallet Secures $150 Million in Series C Funding at $3 Billion Valuation – Web3oclock

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Phantom Crypto Wallet Secures 0 Million in Series C Funding at  Billion Valuation – Web3oclock




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Italy’s Largest Bank Intesa Sanpaolo Buys $1M in Bitcoin to Test Crypto Market – Cryptoflies News

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Italy’s Largest Bank Intesa Sanpaolo Buys M in Bitcoin to Test Crypto Market – Cryptoflies News


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Intesa Sanpaolo, Italy’s largest bank by total assets, has made its first move into the cryptocurrency market by purchasing $1 million worth of Bitcoin. 

According to Reuters, the transaction for 11 BTC was completed on Monday, January 13.  

CEO Carlo Messina described the purchase as “a test.” He explained that while the bank does not aim to become “a Bitcoin player,” it recognizes the need to understand the market. 

Messina noted, “The bank has very sophisticated clients that may ask for this kind of investment, and you can’t serve them unless you have a presence in the market.”  

This move follows the bank’s steps in 2023 to establish a proprietary trading desk for digital assets. By 2024, Intesa Sanpaolo had begun handling spot cryptocurrency trades.

You Might Be Interested In

Bitcoin’s price has been drawing significant attention from investors in recent weeks. Last month, it reached a new all-time high, surpassing $100,000 for the first time. 

This milestone followed nearly two weeks of trading just below $98,000, hinting at a potential plateau before the market gained further momentum.  

Since the U.S. elections, Bitcoin’s value has climbed by more than 36%, rising from around $75,600. 

Analysts predict the cryptocurrency will continue to break records. Deepwater Asset Management’s managing partner Gene Munster recently stated that favorable market and regulatory conditions could drive Bitcoin to even greater heights in 2025, despite possible pullbacks.  



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Netradyne Secures $90 Million in Series D Funding to Revolutionize Fleet Safety and Expand Globally – Web3oclock

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Netradyne Secures  Million in Series D Funding to Revolutionize Fleet Safety and Expand Globally – Web3oclock




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Lunar New Year 2025: Collections Inspired by the Year of the Snake

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Lunar New Year 2025: Collections Inspired by the Year of the Snake


Ahead of the Lunar New Year, fashion brands from around the world are unveiling exclusive collections and campaigns that celebrate the rich cultural traditions and symbolism of this festive season. This year, Maisons are embracing the Year of the Snake, along with themes of renewal, family, and hope.

Prada’s “We, The Snake” campaign for the 2025 Lunar New Year offers a symbolic and metaphorical vision that weaves together themes of belonging and transformation. Featuring an eclectic cast of ambassadors, including Jia Ling, Li Xian, Ma Long, and Ma Yili, the campaign showcases human silhouettes linked together like a snake, embracing interconnectedness.

Similarly, Alexander McQueen’s Lunar New Year campaign is set against a backdrop of a sprawling cityscape. Led by Chinese actor Zhang Youhao, the campaign tells the story of new beginnings, as the characters leave behind the past and look toward a hopeful future on the eve of the Lunar New Year, navigating the streets to catch the rising sun — a symbol of renewal that comes with the new year. Other brands such as Bottega Veneta, Loewe, and Gucci have also launched celebratory campaigns, with the addition of exclusive Lunar New Year capsule collections. Whether through limited-edition accessories, ready-to-wear pieces, or bespoke artworks, these collections creatively incorporate serpentine embroideries and rich reds to honour the Year of the Snake.

Dior X Kaws Collaboration

This New Year, Dior unveiled a captivating new collaboration between artistic director Kim Jones and renowned New York artist Kaws, which hit boutiques on 2 January. The collection — which builds on their partnership from Dior’s Spring/Summer 2019 show — blends Dior’s classic codes with Kaws’ pop-inspired aesthetic with this iteration incorporating a dynamic snake motif. The graffiti-style snake playfully forms the Dior lettering and “CD” initials on neon-hued jackets and sporty tracksuits. Dior’s B35 NXXT sneakers and bags from the Rider 2.0 line are reimagined in bold colours of bright orange and highlighter yellow.

Ralph Lauren

Ralph Lauren is ushering in the Year of the Snake with a special collection of Lunar New Year essentials, celebrating the occasion with a festive twist on the brand’s timeless silhouettes. The capsule includes standout pieces like the Polo Ralph Lauren Corduroy Shirt, and a tang suit-style shirt made from fine-wale corduroy and fastened with Chinese knot buttons. The collection also showcases re-interpretations of the popular Polo Bear Sweatshirt, featuring a festive Polo Bear graphic suited up in a red outfit, gold-embellished slippers, and clutching a red packet. Lastly, the Lunar New Year Crest Blazer is a sleekly tailored jacket, adorned with a bullion-embroidered crest that pays homage to the holiday’s traditions.

Loewe

Loewe continues its annual tradition of honouring Chinese craftsmanship with a special capsule collection for the Lunar New Year, this year drawing inspiration from the ancient art of Chinese cloisonné (a technique of creating intricate patterns on metal objects using metal wires and coloured glass paste). To bring this art form to life, Loewe has collaborated with Xiong Songtao — a Master of Chinese Arts and Crafts and third-generation enameller — to create the collection’s jewellery and hardware finishes. Loewe’s Nest bag is adorned with a snake head and lotus details, while a range of necklaces feature cloisonné pendants in auspicious images of snakes, monkeys, and clouds. Its ready-to-wear collection includes special edition bags inspired by the cloisonné technique, like cloud-shaped clutches, coiled snake keychains, and animated versions of the Puzzle Bag and Pebble Bucket.

Miu Miu

Miu Miu celebrates Lunar New Year with The Encounter (如期而遇), a whimsical short film directed by the renowned filmmaker Shujun Wei. Starring Miu Miu ambassadors — Liu Haocun and Zhao Jinmai — the pair embark on a fantastical adventure into a dreamlike world, all while paying tribute to the Year of the Snake. The accompanying collection mirrors the joyful and optimistic spirit of the film, offering a playful yet refined take on celebratory fashion. Preppy tweeds and jewel-encrusted denim are paired with the brand’s signature footwear: ballet flats, kitten heels, and exclusive sneakers from the New Balance X Miu Miu collection. The release also features a fun nod to the occasion with crochet-knit serpent charms and personalised Chinese knots at select stores.

Bottega Veneta

For the Lunar New Year, Bottega Veneta unveils a stunning campaign set in Liuyang, Hunan, the birthplace of fireworks, symbolising a blend of cultural heritage and artistic craftsmanship. The campaign — captured by the acclaimed Wing Shya — features ambassadors Yo Yang and Shu Qi alongside actor Fan Wei, who wear pieces from the latest ready-to-wear collection as well as exclusive Lunar New Year designs. The collection is marked by signature leatherwork elevated with snake-inspired details in shades of deep red and earthy tones. Snake-tongued zippers and subtle serpent-like buckles are fitted onto the House’s most popular bags. The ready-to-wear collection highlights intricately woven dresses speckled with red and black sequins, offering a luxurious interpretation of the new year.

READ MORE: The Biggest Menswear Losses of 2024

Loro Piana

Loro Piana marks the Year of the Snake with a refined Lunar New Year Capsule that reimagines several of the brand’s iconic pieces, paying tribute to the symbol of wisdom. At the heart of the collection is the Bomber jacket, first introduced in 2003 and a staple of the brand’s sailing-inspired aesthetic. This season, the Bomber is reinterpreted in seven distinct versions, including a luxurious merino shearling version, a sophisticated Silk Wool Cash Bomber for women, and a New Year knit version with suede leather inserts. Other pieces featured in the collection are baseball caps and silk accessories embellished with regal snakes and Loro Piana’s signature fiore di cardo thistle motif, symbolising strength and resilience.

Gucci

To celebrate Lunar New Year, Gucci has released a new campaign and collection featuring Global brand ambassadors Ni Ni and Xiao Zhan. The campaign is rooted in family and tradition, capturing intimate moments as two families come together to partake in the joyous rituals of the festive season. For the collection, Gucci spotlights its snake motif, a longstanding symbol within the House’s heritage. The serpent is prominently featured across a range of ready-to-wear pieces and accessories, available in shades of red, blue, and beige. Fluid, snake-like patterns are stripped across bomber jackets and mini-dresses. Meanwhile, snake detailing can also be seen on Gucci’s Re-Web sneakers and GG monogrammed bags.

Burberry

Burberry rings in the auspicious new year with a striking new campaign, starring actress and brand ambassador Zhang Jingyi, who also fronts the capsule collection. Shot by photographer Walter Pfeiffer, the campaign also highlights serpentine handwoven bamboo art sculptures created by acclaimed Chinese artist Qian Lihuai. The capsule collection blends traditional Burberry styles with the festive season, offering a range of versatile apparel including outerwear, a trench dress, and jersey separates. A seasonal version of the iconic Burberry Check is introduced in red, to represent luck and prosperity. Additionally, a rounded B snake motif adorns oversized cashmere scarves, sweaters and sporty Bubble Sneakers.

Fendi

Fendi’s Lunar New Year capsule collection also marks the House’s centenary. In honour of this momentous occasion, Fendi has launched the Fendi Eyes capsule collection — a playful reimagining of their “monster eye” motif, which was first introduced in the Spring/Summer 2014 collection. The capsule brings a fresh, festive energy to some of the brand’s most sought-after pieces, including the Mini Peekaboo and Baguette bags, which are now adorned with vibrant “Fendi Eyes” in colours of black, pink, and yellow. Men’s pieces include the Peekaboo ISeeU Small and Baguette Soft Trunk bags crafted from black Cuoio Romano leather, as well as accessories like the Fendi Strike Mini backpack. In addition to the playful eye motifs, the collection revisits Fendi’s orchid print, which originally debuted in the Spring/Summer 2015 collection, adding a floral touch to select womenswear pieces.

Giorgio Armani

Going for a pared down approach, Giorgio Armani‘s New Year capsule collection combines classic elegance with the festive charm of the season, featuring global brand ambassador Hu Ge. Inspired by the snake’s symbolism of wisdom, agility, and grace, Giorgio Armani incorporates delicate embroidery and refined graphic designs onto an array of crew necks, outerwear, and shirts, for an understated nod to the Lunar New Year.

READ MORE: Autumn/Winter 25 Menswear Show Season: What to Expect

Chloé

Chloé‘s interpretation of Lunar New Year features bold updates to its bohemian-style silhouettes, with coiling serpent designs reminiscent of a snake-embroidered dress designed by the late Karl Lagerfeld. The collection pays homage to Chloé’s heritage — minimalist baby tees feature a snake illustration first designed by Lagerfeld for Chloé’s Spring/Summer 1969 collection; charms and brass jewellery are reimagined as circular serpents; and its popular Bracelet Hobo Bag and Camera Bag are introduced in red and black colourways.

Roger Vivier

Roger Vivier‘s limited-edition 2025 Lunar New Year Collection showcases the colour red, with striking versions of their signature shoes. Brand ambassador Allen Ren stars in the accompanying campaign, sporting limited-edition gold and red Viv’ on the Run sneakers. Designed by creative director Gherardo Felloni in Paris, the collection also includes patent red Très Vivier babies, featuring a lacquered daisy buckle, ideal for both casual and formal occasions.

Max Mara

Max Mara puts forth a sophisticated take on its Lunar New Year collection. Each piece in this exclusive lineup is thoughtfully designed to embody an element of the fashion industry’s latest trend — quiet luxury — while adding a contemporary twist to the House’s signature pieces. The collection is anchored in lavish outerwear, featuring bold red versions of signature styles like the Teddy Bear Icon coat and the 101810 Icon Coat. The latter is further elevated with a custom silk twill lining and intricate floral embroidery on the back. Its more simple offerings of sweaters and T-shirts are adorned with delicate floral prints, with the letter “M” re-envisioned in embroidered forms.

Acne Studios

Acne Studios’ 2025 Year of the Snake collection blends the bold energy of the serpent with the brand’s signature avant-garde style, starring brand ambassador Sandra Ma. The Stockholm-based brand offers a mix of red tones, python prints, and intricate textures, that exude contemporary luxury style. Notable pieces include a crimson ruffle strap dress featuring red python-print detailing, printed snakeskin jeans in a relaxed fit, and silk scarves with a graphic serpent design. Acne Studios also introduces accessories that perfectly complement the collection’s spirit. A rich red gradient wool mohair scarf and multipocket bag add a streetwear touch to the lineup, while the Bowlina bag comes in an embossed leather version.

Tory Burch

In celebration of the Lunar New Year, Tory Burch unveils a special limited-edition collection for 2025, honouring the Year of the Snake with a festive mix of elegant accessories and embellished ready-to-wear pieces. A standout piece from the collection is a handbag with a crystal-encrusted serpent winding around the clasp, as well as a satin mini tote with enamel handles inspired by the reptile’s graceful curves. Tory Burch’s statement jewellery also gets a Lunar New Year makeover with a delicate golden snake pendant, matching earrings, and a coiling bejewelled snake ring.

For more on the latest in style and fashion reads, click here.



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Bitlayer Introduces BitVM-Powered ‘Finality Bridge’ To Expand User Participation In DeFi

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Bitlayer Introduces BitVM-Powered ‘Finality Bridge’ To Expand User Participation In DeFi


In Brief

Bitlayer has launched the “Finality Bridge,” allowing users to convert BTC into YBTC with minimal reliance on intermediaries and enabling greater participation in liquidity mining, staking, and lending within its ecosystem and beyond.

Bitlayer Introduces BitVM-Powered ‘Finality Bridge’ To Expand User Participation In DeFi

Layer 2 scaling solution for Bitcoin, Bitlayer announced the launch of its trust-minimized bridge, the “Finality Bridge,” which allows users to securely convert BTC into YBTC with minimal reliance on intermediaries, enabling broader participation in decentralized finance (DeFi) activities such as liquidity mining, staking, and lending within the Bitlayer ecosystem and beyond.

The Finality Bridge is designed to facilitate the seamless integration of Bitcoin into the Bitlayer network, ensuring that BTC can be utilized in a decentralized and programmable financial environment. Operating alongside the Bitlayer rollup, the bridge prioritizes both security and efficiency in Bitcoin transfers. At its core, the protocol leverages a combination of BitVM smart contracts, fraud proofs, and zero-knowledge proofs to maintain trust minimization and transaction integrity.

YBTC, the token issued through the Finality Bridge, serves as a trust-minimized representation of Bitcoin within smart contract-based ecosystems. When users lock BTC into a BitVM smart contract, they receive an equivalent amount of YBTC on the Bitlayer rollup or other supported environments. Each YBTC maintains a strict 1:1 peg with Bitcoin, ensuring that it remains a secure and reliable asset rather than a derivative. This structure reinforces YBTC’s stability, backed by the trust-minimized framework of the BitVM smart contract, allowing Bitcoin to be actively used in decentralized applications (dApps) while preserving its intrinsic value.

How Does The Finality Bridge Function?

The Finality Bridge operates through a structured protocol that governs interactions between participants and two key smart contracts—one deployed on Bitcoin and the other on the target blockchain. This dual-contract architecture enables Bitcoin to be securely transferred into programmable environments, utilizing a trust-minimized framework to ensure both security and efficiency.

The protocol is supported by multiple participant roles, each essential to the smooth operation of the bridge. A Peg-in User is a Bitcoin holder who deposits BTC into Bridge Contract A on Bitcoin and mints an equivalent amount of YBTC on Bridge Contract B, which is deployed on the target chain. Each bridge instance has a single peg-in user. In contrast, a Peg-out User holds YBTC and burns their tokens on Bridge Contract B to withdraw an equal amount of BTC from Bridge Contract A. The number of peg-out users corresponds to the total number of withdrawal transactions initiated from Bridge Contract A.

A Broker acts as an intermediary, providing short-term liquidity to facilitate peg-out requests. By fronting the required funds to peg-out users, brokers ensure smooth transactions and later reclaim the equivalent BTC from Bridge Contract A while earning a service fee. Meanwhile, a Vigilante is a network participant responsible for monitoring on-chain activity to detect fraudulent behavior, such as invalid fund reclamation attempts. When necessary, vigilantes initiate challenges to uphold the integrity of the protocol and prevent unauthorized transactions.

The protocol relies on two key smart contracts to function effectively. Bridge Contract A, deployed on Bitcoin, serves as the trust-minimized custodian of locked BTC for each bridge instance. This contract forms the core of the Finality Bridge’s security model and is built using the BitVM smart contract framework. Rather than operating as a single, monolithic contract, it consists of independently deployed contract instances, each created on demand for a specific bridge instance. Bridge Contract B, deployed on the target blockchain, such as the Bitlayer rollup, acts as the management console for YBTC, overseeing its issuance and interaction within the ecosystem.

As the Bitcoin ecosystem evolves, the Finality Bridge represents a notable step toward enhancing Bitcoin’s interoperability with the broader blockchain landscape. By integrating Bitcoin’s security model with cryptographic innovations, the bridge enables more scalable and trustless solutions. This approach not only expands Bitcoin’s role in DeFi but also reinforces the principles of decentralization and transparency, ensuring seamless integration with the growing blockchain ecosystem.

Bitlayer functions as a Layer 2 protocol built on BitVM, combining the security of Bitcoin’s blockchain with Turing completeness for more versatile programming capabilities. The project has established itself as a notable player in the DeFi space, with a total value locked (TVL) exceeding $439 million, according to DeFiLlama.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author


Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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Alisa Davidson










Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.








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Ryan Reynolds Buys Another Soccer Team Amid Justin Baldoni Lawsuit

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    Ryan Reynolds Buys Another Soccer Team Amid Justin Baldoni Lawsuit


    Kevin Mazur/Getty Images

    Ryan Reynolds is expanding his soccer empire!

    The Deadpool & Wolverine star and his Wrexham AFC co-owner, Rob McElhenney, were named Thursday, January 16, among a group of investors set to take over the top Colombian team, Club Deportivo La Equidad Seguros.

    According to Bloomberg and ESPN, the group of investors is led by real estate investor Al Tylis and soccer executive Sam Porter, who both own a stake in the Mexican soccer team Necaxa. Other investors include actress Eva Longoria, supermodel Kate Upton and Upton’s husband, MLB pitcher Justin Verlander.

    “We welcome Al Tylis and Sam Porter, who arrive with a clear, long-term vision to continue strengthening our club,” La Equidad shared in a statement via X on Thursday. “This is the first step towards a future full of opportunities.”

    “Al Tylis and Sam Porter not only have extensive experience in the sports world but they also have the support of recognized figures such as Eva Longoria, Rob McElhenney, Ryan Reynolds, Justin Verlander, Kate Upton, Shawn Marion and Scott Galloway,” the statement continued.

    Reynolds, 48, and McElhenney, 47, took over ownership of Welsh team Wrexham in 2021, helping the club achieve worldwide visibility in part thanks to their FX docuseries, Welcome to Wrexham. Tylis bought a small stake in Wrexham in April 2024, while Reynolds and McElhenney invested in Necaxa, reported Bloomberg.

    Justin Baldoni Alleges Blake Lively Didnt Read It Ends With Us Book

    Blake Lively and Justin Baldoni.
    Courtesy Sony Pictures Ent.

    News of Reynolds’ latest investment came the same day as he was named a defendant in a $400 million lawsuit filed by Justin Baldoni, his wife Blake Lively’s It Ends With Us costar and director.

    According to the filing obtained by Us Weekly on Thursday, Baldoni, 40, is accusing Lively, 37, Reynolds, and Lively’s publicist, Leslie Sloane, of civil extortion, defamation, false light invasion of privacy and other claims. In the suit, Baldoni claimed he was pressured by Reynolds and a “megacelebrity friend” of Lively’s to accept the actress’ changes to the film’s script.

    Blake Lively Justin Baldoni s Reported This Is Us Feud Over Final Edits What We Know 923

    Related: Blake Lively and Justin Baldoni’s Reported ‘It Ends With Us’ Drama Explained

    UPDATE 1/16/25 at 12:43 p.m. ET: Justin Baldoni’s Wayfarer Studios filed a $400 million lawsuit against It Ends With Us costar Blake Lively and her publicist, Leslie Sloane, on Thursday, January 16. In the 179-page filing obtained by Us Weekly, Baldoni claimed that Lively was “determined” to make him a “real-life villain in her story.” […]

    Baldoni’s lawyer, Bryan Freedman, shared in a statement to Us, “This lawsuit is a legal action based on an overwhelming amount of untampered evidence detailing Blake Lively and her team’s duplicitous attempt to destroy Justin Baldoni, his team and their respective companies by disseminating grossly edited, unsubstantiated, new and doctored information to the media.”

    The statement continued, “It is clear based on our own all out willingness to provide all complete text messages, emails, video footage and other documentary evidence that was shared between the parties in real time, that this is a battle she will not win and will certainly regret. Blake Lively was either severely misled by her team or intentionally and knowingly misrepresented the truth.”

    Breaking Down Justin Baldonis Claims in Lawsuit Against Blake Lively

    Related: Every New Claim in Justin Baldoni’s $400 Million Blake Lively Lawsuit

    Justin Baldoni’s legal battle with It Ends With Us costar Blake Lively continues with a brand-new explosive lawsuit. According to the filing obtained by Us Weekly on Thursday, January 16, Baldoni, 40, is accusing Lively, 37, her publicist, Leslie Sloane, and Ryan Reynolds of civil extortion, defamation, false light invasion of privacy and other claims. […]

    The lawsuit follows one filed by Lively against Baldoni on December 31, 2024, accusing him of sexual harassment, retaliation, breach of contract, infliction of emotional distress, invasion of privacy and lost wages.

    Us reached out to Lively’s rep, fellow defendant Sloane, for comment Thursday but did not hear back.



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