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June 3, 2025

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Bitget Partners with University of Zurich to Power Blockchain Education and Scholarships

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Bitget, the leading cryptocurrency exchange and Web3 company, has announced a partnership with the University of Zurich, the world’s top #3 university for blockchain education. The exchange will sponsor the 6th edition of International Summer School – Deep Dive into Blockchain 2025 program at the University of Zurich Blockchain Center (UZH BCC), offering scholarships and career opportunities to blockchain-curious students. This marks a new chapter in Bitget’s commitment to blockchain education and youth empowerment. The scholarship initiative, part of Bitget’s broader $10M Blockchain4Youth (B4Y) program, aims to make high-impact blockchain education more accessible to bright, motivated students, presenting them with wider opportunities. Deep Dive into Blockchain (DDiB) is the University of Zurich’s flagship international summer school, hosted by the Faculty of Business, Economics, and Informatics in collaboration with the Global Student Experience and organized by the UZH Blockchain Center under the academic leadership of its chairman, Prof. Dr Claudio J…. Read More at Coingape.com

The post Bitget Partners with University of Zurich to Power Blockchain Education and Scholarships appeared first on CoinGape.

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Another Binance Listing Fails, Bondex Token Price Collapses 91%

Crypto news 1 Min Read

Within minutes of the Bondex token launch, the charts presented a complete bloodbath, resulting in the BDXN price crashing more than 91%. More importantly, this crash happened amid the Binance listing, which is often regarded as a bullish action for the token. What went wrong? Let’s discuss. Bondex Token Price Crash Minutes After Binance Listing Binance, the popular crypto exchange, is among the first to launch the BDXN token, with a listing price of $0.9219. However, the Bondex token price crashed immediately after that, losing more than 91% of its value. With that, it currently trades at $0.07767 with a market capitalization of $12.42M. Moreover, it has a trading volume of $21.86M, up 6000%, but the sellers are in the majority past the Binance Bondex token airdrop. According to the official BDXN listing announcement, the Binance users with 212 alpha points could claim an airdrop of 900 tokens. Similar to… Read More at Coingape.com

The post Another Binance Listing Fails, Bondex Token Price Collapses 91% appeared first on CoinGape.

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XRP Price Flashes Buy Signal Amid 6% Recovery Rally

Crypto news 1 Min Read

The four-hour XRP price chart shows a 5.62% recovery since the May 31 swing low of $2.08. This bounce may receive a boost as the Awesome Oscillator has flashed its fifth buy signal in under two months. The last four times this indicator revealed this bullish technical formation, the token soared between 6% and 26%. Will history repeat and catalyze a 15% price rally? What is the XRP Price Buy Signal? The buy signal is a combination of a bullish crossover, as indicated by the Awesome Oscillator (AO), and a bullish crossover, as indicated by the Relative Strength Index (RSI). To be specific, the buy trigger is obtained when the AO flips above the zero mean level, while the RSI is already above the 50 mean level. XRP Price Flashes Buy Signal Amid 6% Recovery Rally The last four times this exact buy signal flashed, XRP price soared by roughly 14%,… Read More at Coingape.com

The post XRP Price Flashes Buy Signal Amid 6% Recovery Rally appeared first on CoinGape.

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Business

Byron Allen puts broadcast TV stations up for sale

Business 3 Mins Read

Byron Allen is putting his broadcast TV stations up for sale.

Allen Media Group said on Monday it has retained investment bank Moelis & Co. to sell its group of 28 owned and operated broadcast TV stations, which are affiliated with ABC, NBC, CBS and Fox in 21 markets across the U.S.

In a news release, Allen said the company has invested more than $1 billion into acquiring the stations over the past six years and after receiving “numerous inquiries and written offers” for most of the stations, has decided to explore a sale.

The Allen Media Group stations join others that have recently hit the sale block. Last year, CNBC reported that Sinclair was exploring the sale of more than 30% of its stations. Apollo Global Management is also reportedly exploring a sale of its Cox Media Group portfolio of TV and radio stations.

Allen Media Group said a sale of the stations would significantly reduce its debt load. Earlier this year, the company refinanced a $100 million debt facility. While S&P Global Ratings said it expected the company to maintain sufficient liquidity over the next 12 months, it noted that Allen Media Group still maintained a junk rating and faced future debt risks.

Last year, CNBC reported that Allen Media Group had been consistently late in making payments to its network owners, in some cases as much as 90 days past due, with the payments totaling tens of millions of dollars throughout the year. The reason for the lateness had been unclear, and representatives for Allen Media Group declined to address the details of CNBC’s reporting.

The stations have also reportedly undergone layoffs.

Allen, a former comedian, founded Entertainment Studios, now known as Allen Media Group, in the early 1990s. He later formed Allen Media Group Broadcasting in 2019 and has built up his profile and business ever since with a string of smaller deals.

He has also become known for expressing interest in buying various media assets to bulk up his media empire. In recent years, he has made a $30 billion bid for Paramount Global when it was up for sale in 2024, as well as a $10 billion offer for ABC and other Disney networks, and he reportedly offered $3.5 billion for Paramount’s BET Media Group.

Disclosure: Comcast’s NBCUniversal is the parent company of CNBC and broadcast network NBC.

This post appeared first on NBC NEWS

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