A further $6 billion has been added to total crypto market capitalization over the past 24 hours and it is altcoins that are leading the gains. A big dose of Chinese FOMO boosted home grown projects there and Stellar’s coin burn is igniting them this morning, but are they destined to dump again?
Crypto Cap and Volume Rising Total market cap reached $253 billion a few hours ago which is the highest it has been for a week. The bigger picture shows more range bound trading but altcoins appear to be driving momentum at the moment.
Total market cap 24 hours – Coinmarketcap.com The chart also indicates that daily volume has climbed almost 30% since the beginning of the week as everything looks green at the moment. Trader ‘Paddy Stash’ has noted the increase in altcoin dominance over the past week as BTC failed to top 70% and has started to decline in terms of market share.
“Altcoin dominance has continued to climb back upwards since the big $Btc spike from $7.4 to over $10k last week.”
While the ‘China effect’ heavily influenced the prices of NEO, Tron, Qtum, VeChain, Bytom and other local blockchain platforms last week, others are getting a lift today.
ParallelCoin Pump and Dump Something called ParallelCoin is looking very spurious at the moment as CMC is reporting a 7,000% surge for DUO tokens. ‘Crypto Bitlord’ has called it a dangerous pump and dump scheme which should be avoided.
Another altcoin having a serious pump at the moment is Stellar as the Foundation just burnt 55 billion uncirculated XLM tokens. The crypto community is skeptical however and the 25% price pump has already started to fall off.
Stellar is currently priced at just over $0.08 and has knocked Tron back out of the top ten with a market cap of $1.6 billion. Ripple’s XRP got a related pump at the same time of just over 4% which takes the token back over $0.30 where it faces heavy resistance. This week’s Swell event could help XRP to break through that though.
Ethereum has made a small 2.5% move to hold above $185 at the moment while BCH remains flat at $290. Litecoin has made a solid 6% to break above $60 while EOS adds a similar amount to reach $3.45.
BSV and Cardano have gained over 5% a piece in the past few hours and Cosmos has cranked 12% as it reaches $3.80. The two Chinese altcoins VeChain and Qtum are also going strong today with 7% gained.
Bitcoin has made minor gains to reach resistance at $9,400 again but until it surges back into five figures the altcoins are unlikely to climb any higher. It is still likely that a dump will follow whatever gains altcoins have made today as altseason is still a long way away.
In the past two days, Bitcoin triumphantly hit the critical level of $20K. This sudden push from the primary crypto asset was after hovering between $18K and $24K regions for some months. But following the effects of some macroeconomic factors, the price of BTC was rounding the $19K region.
This year has been the toughest for crypto assets and other financial instruments. But the struggle to remain valuable is seemingly paying off as most coins are currently regaining loss values. Even though the Feds are still hawkish, the market is gradually moving towards a bullish sentiment.
However, the bullish trend in the broader crypto market is spreading gradually. The leading crypto kept its position strongly despite the bears struggling to take over.
The appearance of the bulls has deterred further decline for BTC. Other cryptocurrencies are taking to the north, with Ethereum Name Service (ENS) emerging as the top performer.
With the new movement of prices, the cumulative market cap has hit $964.91 billion, indicating a surge of 0.70% over the past 24 hours. The overall implication of events shows a slight improvement in the trend compared to yesterday and last week. However, the broader crypto market sentiment still has elements of fear.
Bitcoin Consolidates The $20K Level After hitting the critical level of $20,000 a few days ago, Bitcoin is currently displaying its sustainability. The asset has defended its stance on the level and also made an impressive consolidation. This was noted in the early trading hours of September 6, as the price of BTC reached $20,200.
It’s worth noting that the bears tried to pull down the price of Bitcoin yesterday as the token recorded $19,730 on Binance. Remaining at the critical level is the only chance for the leading crypto to make further uptrend.
At the time of writing, Bitcoin is hovering around $19,862 depicting a loss. Its market cap has reached over $386.2 billion, while its dominance over altcoins is at 40.04%.
Bitcoin depicts a loss on the chart l BTCUSDT on Tradingview.com Altcoins Are Calm, While ENS Surged The price movement for the altcoins show calmness, with a minimal drop for a few tokens. Most of the assets have consolidated their reclaims in the past day.
But the Ethereum Name Service’s coin, ENS is taking the lead with an almost 11% increase in today’s early hours trading. At the press time, ENS is trading at $16.91. EVMOS is closely following. Recall that EVMOS was the worst crypto asset in price performance as of yesterday. For Ripple (XRP), it seems to be a time of strength with progressive performance.
Featured image from Forbes, chart from TradingView.com
Renowned crypto payment platform Ripple Labs Inc has signed a partnership deal with Evmos, an Ethereum Virtual Machine (EVM) chain built with the Cosmos SDK. Per the deal, the duo plans to build an EVM sidechain for XRP Ledger (XRPL).
XRPL Joins Interchain According to Cosmos, the sidechain will be built with evmOS, a modular and customizable tech stack designed by Evmos. This alliance to build a sidechain with Evmos is already in Devnet and would involve core developer Peersyst Technology. Aside from Cosmos SDK, Evmos also utilizes Inter-Blockchain Communication Protocol (IBC), and CometBFT. These advanced protocols are all geared toward bringing EVM compatibility to Web3.0 businesses.
Markedly, evmOS bring access to over 60 Cosmos SDK chains via the IBC. This upcoming XRP Ledger EVM sidechain is very compatible with industry standards. Additionally, it is joining the Interchain, known to be one of the most versatile in the Web3.0 ecosystem.
This tech stack has other features and modules that are focused on facilitating the implementation of the EVM for Cosmos SDK. Amongst its compatible features are IBC functionality, EVM extensions, access to the dApp Store, and complete customizability. Pulled together, all these presents evmOS as more than just lines of code but rather a ready-to-launch solution designed to cater to everyone.
“The evmOS stack prioritizes native, cross-chain applications and is built with the Cosmos SDK, running on the CometBFT consensus engine,” Cosmos wrote in a blog post. “The modular nature of evmOS will offer XRPL developers unseen flexibility in expanding the XRPL EVM sidechain on their terms.”
XRP Ledger Pushes For Community Satisfaction For XRP Ledger, this marks a significant move towards bringing its community members, Decentralized Applications (dApps), and liquidity to a network of more than 90 interconnected chains. Noteworthy, the interchain now pride itself as a vibrant and dynamic network that fosters synergy among diverse blockchain projects.
Similarly, bringing XRP Ledger to the interchain makes it possible for XRPL community members to gains a passport to all Cosmos SDK chains. Ultimately, this provides users with freedom to interact with any application of their choice.
This EVM push comes only a few months after XRPL welcomes Xahau Ledger, a smart contract sidechain. Like evmOS, the Xahau Ledger also came with some features that allow building things with everyday life utility.
The XRPL ecosystem is keen on improving its platform to cater to its users and compete in the growing DeFi world.
Spacecoin’s newly launched SPACE token surged more than 65%, as the project unveiled detailed plans for its Season 1 airdrop, exchange listings, and cross-chain rollout.
It marks a significant step for a venture positioning itself at the intersection of blockchain, satellite infrastructure, and telecom networks.
Spacecoin Season 1 Airdrop PlansAs of this writing, Spacecoin’s SPACE token was trading for $0.021, just shy of this peak price of $0.026 achieved amid launch frenzy. It is up nearly 66% over the last 24 hours, with prospects for further short-term gains, suggesting growing investor interest.
Spacecoin (SPACE) Price Performance. Source: CoinGeckoIndeed, investors have a lot to look forward to after Spacecoin’s announcement that SPACE is now live across multiple blockchain ecosystems, including Creditcoin, Ethereum, Binance Smart Chain (BSC), and Base.
The token launch represents what the project describes as the “economic heartbeat” of its decentralized satellite internet vision. It allows community members (Cadets) to participate directly in the emerging space economy.
Momentum is further boosted by immediate access to deep liquidity. On launch day, SPACE listed across a wide range of centralized exchanges. This includes Binance (Alpha and Futures), Kraken (Spot), OKX (Spot and Perpetuals), KuCoin, MEXC, Bitget, Coinone, Blockchain.com, and Bybit.
The breadth of listings, spanning both spot and derivatives markets, helped amplify early trading activity and price discovery.
Decentralized trading options also went live in parallel. SPACE is available on PancakeSwap for swaps and liquidity provision.
Despite the impressive 65% rally and broad exchange coverage, the SPACE price surge remains typical of early-stage token launches fueled by airdrop hype and multi-platform listings rather than proven utility at scale.
Aster DEX Helps Ignite Spacecoin’s 65% RallyMeanwhile, Aster DEX launched a limited-time trading campaign featuring reward pools totaling $150,000 in ASTER tokens and 15.75 million SPACE tokens.
The dual CEX-DEX strategy highlights Spacecoin’s push for broad accessibility. It mirrors its stated goal of building an internet layer without geographic or financial barriers.
At the center of the excitement is the Season 1 airdrop, designed to reward early supporters who engaged with the Spacecoin ecosystem before token generation (TGE).
Eligible participants can now claim their allocations through the official claims portal by connecting the wallets they used during the campaign. To reduce friction, Spacecoin is distributing 0.01 CTC (Creditcoin) to eligible wallets to cover gas fees during the claim process.
Notably, however, the airdrop comes with strict eligibility criteria and anti-abuse measures.
Participants must have held specific assets such as CTC, WCTC, or designated NFTs. They must have also completed social missions and event activities during the open period. Accounts flagged for suspicious behavior would be excluded, ensuring rewards go to genuine community members rather than bots.
Token unlocks are structured to limit immediate supply pressure. For Season 1, 25% of rewards unlock at the TGE, with the remainder vesting monthly over three months.
Season 2 allocations will follow a similar phased schedule, though those rewards will become visible later.
Will the Hype Last?Beyond trading and airdrops, Spacecoin also launched a limited-time staking program offering a 10% APR for SPACE tokens on the Creditcoin network alongside cross-chain transfers powered by Wormhole.
Together, these features position SPACE as a multi-chain asset designed for both speculation and long-term participation.
Nevertheless, while Season 1 airdrop’s partial unlock (25% at TGE) and anti-abuse filters are positive steps to curb dumps, vesting schedules across seasons could still create staggered selling pressure as recipients cash out rewards.
Additionally, high trading volumes on day one often signal speculative froth more than sustained demand.
Overall, the fundamentals remain strong for Spacecoin. Yet, its launch rally is still largely driven by speculation, and nearly 90% of all airdropped tokens fail within the first 3 months. Maintaining a positive price structure within this period would be crucial for the SPACE token.
SPACE token launch includes a seasonal airdrop plan and a staking program. Spacecoin sees a price drop of about 21%, yet trading volume surged over 718%. Spacecoin, which provides satellite-based internet infrastructure, launched its own token, SPACE, on January 23, and it is available on Creditcoin, Ethereum, BSC, and Base blockchain networks. As it also plans a seasonal airdrop, staking program, and to list it on the exchanges, which has been confirmed through Spacecoin’s official X handle.
As per the post, on the first day, the token gets listed on centralized exchanges such as Binance, Kraken, OKX, Bitget, Coinone, KuCoin, MEXC, Bybit, and Blockchain.com. The SPACE token is also available on decentralized exchanges such as Aster DEX and PancakeSwap.
SPACE Airdrop and Staking Program The official Spacecoin X post explains the SPACE token airdrop details, where 25% of tokens are unlocked at launch, and the remaining 1.05 billion SPACE tokens are released each month over the course of three months. With that, Season 1 is aimed at early adopters like Spacecoin Cadets and Creditcoin holders.
Then, Season 2, which allocates 1.26 billion tokens with 33.3% unlocked each month for three months, which would begin one month after the Token Generation Event. So, this type of phased distribution is mainly to increase airdrop participation while reducing selling pressure.
Also, Spacecoin has launched a time-limited staking mechanism that enables users to support the stability of the network while earning passive income, and an annual percentage rate (APR) of up to 10% is available to participants who invest their tokens, noted in the post.
SPACE Token Sees High Volatility During the token launch yesterday, 21 million tokens entered as circulating supply, which is equal to 10.25% of the fixed 21 billion token supply.
The SPACE token surged and reached nearly $0.02701 immediately after the token launch, it is currently trading near $0.01759, which is down about 21.81%, but the trading volume alone surged around 718.68% and reached $236 million, with the market cap around $37 million, as per the CMC data. With that, the sharp rise in trading volume despite the price pullback suggests high volatility following the SPACE token’s launch.
Highlighted Crypto News:
World Liberty Financial (WLFI) on the Rise: Is This a Bullish Play or a Short-Term Bounce?
Writer with roots in journalism and international relations, actively exploring blockchain and crypto, with curiosity for the field and a passion for simplifying complex ideas.
TLDR: $SPACE token launches simultaneously on Binance, Kraken, OKX, and five other major cryptocurrency exchanges. Airdrop rewards unlock with 25% immediate distribution for Season 1 participants and monthly vesting schedule. Token operates across four blockchain networks including Creditcoin, Ethereum, BSC, and Base via Wormhole. Limited-time staking program offers 10% APR exclusively for $SPACE tokens held on the Creditcoin network. Spacecoin has officially launched its $SPACE token across multiple blockchain networks and trading platforms. The token is now available on Creditcoin, Ethereum, BSC, and Base networks.
Major centralized exchanges including Binance, Kraken, OKX, and KuCoin have listed the token for trading.
The launch marks a transition from technical demonstration to economic participation for the satellite internet project.
Multi-Platform Trading Access and Exchange Listings The $SPACE token debuted simultaneously on several prominent cryptocurrency exchanges. Binance offers trading through its Alpha and Futures platforms.
Kraken provides spot trading access to users. OKX supports both spot and perpetual contracts for the token. Additional platforms include Bitget, Coinone, MEXC, Bybit, and Blockchain.com.
The project announced that “$SPACE is GO for Launch” following years of development. According to Spacecoin, the initiative involved “groundbreaking engineering across three very different industries (blockchain, space, and telecom).”
The company stated its belief that “access should be as universal as the internet we’re building.” This philosophy guided the decision to launch across multiple major platforms.
Spacecoin partnered with World Liberty Financial for a limited promotional offering on select platforms. The collaboration aims to increase initial token distribution.
Users can verify contract addresses on each network before conducting transactions. The company emphasizes the importance of address verification to prevent errors.
Decentralized exchange options are also available for traders preferring non-custodial platforms. PancakeSwap supports $SPACE trading and liquidity provision across multiple chains.
Aster DEX is running a campaign with $150,000 in $ASTER rewards. The platform also offers 15,750,000 $SPACE tokens as trading incentives.
Airdrop Distribution and Staking Opportunities Eligible participants can claim airdrop rewards through the official portal. Season 1 participants receive 25% of rewards at token generation.
The remaining allocation unlocks monthly over three months. Season 2 follows a different schedule with 33.3% monthly unlocks starting one month after launch.
Spacecoin described the airdrop as recognition for “pioneering Cadets who believed in Spacecoin before it was even a whisper among the stars.”
The team characterized community support as “the rocket fuel for our journey.” The airdrop serves as the company’s “salute to your dedication” according to the announcement.
Eligibility requires holding specific assets during the qualification period. Accepted assets include CTC tokens, WCTC, and designated NFTs.
Participants must have connected wallets to the Spacecoin platform. Social mission completion was mandatory for reward qualification.
The project implemented strict anti-abuse measures during the airdrop process. The company stated that “the $SPACE airdrop is for genuine Cadets, not bots or those who tried to game the system.”
Accounts flagged for suspicious activity are ineligible for rewards. Users disagreeing with decisions can submit review requests with supporting evidence.
PANews reported on April 7th that, according to SoSoValue data, the cryptocurrency market generally declined, with only the RWA sector showing a slight increase of 0.42% in the last 24 hours. Within the RWA sector, Sky (SKY) rose 2.32%, Centrifuge (CFG) rose 5.29%, and Creditcoin (CTC) rose 5.82%. Meanwhile, Bitcoin (BTC) fell 0.34%, fluctuating narrowly around $68,000; Ethereum (ETH) fell 0.43%, remaining above $2,100.
In other sectors, the CeFi sector fell 0.41% in the last 24 hours, with Mantle (MNT) down 2.74%; the DeFi sector fell 0.47%, with River (RIVER) bucking the trend and rising 21.43%; the AI sector fell 0.85%, but Siren (SIREN) rose 9.88%; the PayFi sector fell 1.02%, with Ultima (ULTIMA) surging 14.93% intraday; the Layer 1 sector fell 1.08%, with Canton Network (CC) relatively strong, rising 5.56%; the Meme sector fell 1.30%, with MemeCore (M) rising 1.17%; and the Layer 2 sector fell 1.86%, with Starknet (STRK) falling 2.99%.
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Dogecoin (DOGE) surged more than 8% in the last 24 hours after Elon Musk unveiled plans for a proposed “Department of Government Efficiency” (D.O.G.E),
The billionaire founder of SpaceX and Tesla, speaking at a Pennsylvania town hall, shared his vision for the department, boosting DOGE’s price to $0.1343 as of 2:40 a.m. EST, its highest level since late July, according to CoinMarketCap.
The idea for the department was originally proposed by Donald Trump, who said he would appoint Musk to lead it if he wins next month’s presidential election
Musk Outlines Plans For Proposed D.O.G.E The proposed governmental department, abbreviated D.O.G.E., will aim to optimize government spending of taxpayer money. It will also try to streamline departments that handle spending.
During the town hall, the tech mogul suggested the proposed department could operate in the same way as a company, incentivizing the department’s top performers while penalizing anyone who fails to deliver results.
as far as $DOGE betas go, i expect 'Department of Government Efficiency' (the ETH memecoin) to also catch a bid off strong Dogecoin performance
especially since Elon is literally memeing the 'Department of Government Efficiency' concept every other day
there seems to be a… https://t.co/ySDg8IsLqM pic.twitter.com/V8boPiZeAE
— Unipcs (aka 'Bonk Guy') 🎒 (@theunipcs) October 18, 2024
Only POPCAT Outperformed DOGE Dogecoin was also able to outperform almost the entire crypto market during the past 24 hours. Solana meme coin Popcat (POPCAT) was the only crypto to post a larger 24-hour gain than DOGE after its price rose over 13%.
Dogecoin extended its weekly gain, and has now surged 24% over the last 7 days.
When it comes to the rest of the crypto market, the total valuation for the digital asset sector rose just a tad. But funding for some presale cryptos is surging amid debate over whether a meme coin supercycle is beginning.
Among standout performers is Pepe Unchained (PEPU), probably the most successful ICO of the year after raising more than $20.4 million.
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The rapidly growing new social game MemeFi has gained over 50 million users across platforms and already boasts 3.4 million followers on X.
The game combines social interaction with meme-based gameplay, where players can form clans, compete with popular memes, and earn in-game credits in an immersive world.
“Go wild on a meme battle arena: battle, loot and grow immense riches,’’ says it website. ‘’Fight Till The Last One Is Standing.’’
Up until now, players have not been able to redeem their credits for physical cash. But that will change soon with the project’s upcoming token airdrop and exchange listings.
MemeFi Token To Launch On Six Leading Centralized Exchanges There have been several rumors regarding listings for MemeFi’s token. On Oct. 6, the team addressed these rumors in an X post and confirmed key details about the token distribution event.
According to the team, the game’s token will be listed on at least 6 leading centralized exchanges. The post added that there is also one pending listing. With regards to the date of the listing, the MemeFi team said that the event will be pushed back to Oct. 30 due to “a few externalities” outside of their control.
Clarity on Listings, TGE and Airdrop: All Cards on Deck 🗓
We understand your desire for transparency.
❗️Our top priority has always been to reward you in ways you deserve the most. With millions of players involved, and several examples of airdrop designs gone wrong in… pic.twitter.com/hO7LKf0SE1
— MemeFi (@memeficlub) October 6, 2024
The model to determine each user’s allocation will be “complex, weighted and non-linear,” the team said in the post. This is to ensure players’ involvement across the ecosystem is rewarded.
Any participants who acquire airdrop points by cheating the system will be disqualified. Accounts suspected to be bots will be slashed as well, the post added.
MemeFi Airdrop Criteria Leading up to the listings, the MemeFi team has recently released the airdrop criteria for both its vast Telegram user base and the project’s Web3 community. According to the team, 85% of the token’s supply will be allocated to the game’s Telegram user base, while 3% of the total tokens are reserved for the Web3 community.
Who's getting the MemeFi airdrop?
Today we're revealing the complete criteria for the MemeFi airdrop. Some of you guys have already had a peek at the draft in the chats. We've made a few revisions to the text, so worth taking another look at it again.
❕You can find the full… pic.twitter.com/awfJwaqmjY
— MemeFi (@memeficlub) October 16, 2024
Telegram user eligibility will be determined mainly by the value of all token purchases or the amount of coins held. Only users who have accumulated a minimum number of coins will be considered for the airdrop, according to the team.
Other criteria that will be used to determine how much of the airdrop each Telegram user will receive will include their participation in on-chain transactions, giveaways and whether they have a MemeFi Premium membership.
When it comes to the Web3 community, mainnet and testnet points, as well as the ownership of certain Non-Fungible Tokens (NFTs) will be used to determine each person’s share of the MemeFi airdrop.
Other factors such as whether community members hold branded ERC-404 NFTs, Website Fortune Wheel tokens, or Elite and Royal NFTS will be taken into consideration. Anyone who fulfills a Discord OG role will also be eligible.
The team added, however, that some of the criteria remains a secret in order to prevent exploitation.
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Ripple chief legal officer Stuart Alderoty says the recent filing by the US Securities and Exchange Commission (SEC) in its case against Ripple Labs does not appeal the ruling that XRP is not a security.
Alderoty’s comments follow an Oct. 16 Form C filing by the SEC with a pre-judgement statement against certain aspects of the court’s summary judgment.
Alderoty Says Court Decision Regarding XRP’s Security Status “Stands As The Law Of The Land” Ripple defense attorney James Filan shared the filing on Oct. 17. In their appeal, the SEC asks the court to review its decisions related to Ripple’s XRP sales through exchange platforms. It also requests the court to review the ruling on the personal sales executed by Ripple executives Brad Garlinghouse and Chris Larsen.
The SEC went on to argue that Larsen and Galinghouse violated securities laws by offering and selling XRP. It also said that they both “aided and abetted Ripple’s violations of those provisions.”
Alderoty responded to the SEC’s request by saying that the court’s decision regarding XRP’s security status “stands as the law of the land.” He added that the fintech firm intends to file its own Form C next week.
No surprises here — once again it’s been made clear. The Court’s ruling that “XRP is not a security” is NOT being appealed. That decision stands as the law of the land.
Stay tuned for Ripple’s Form C to be filed next week. https://t.co/m9molUGSBv
— Stuart Alderoty (@s_alderoty) October 18, 2024
SEC Ripple Case Expected To Continue Through July 2025 According to a timeline shared by Fox Business producer Eleanor Terret on X, the Ripple SEC case could carry on well into July next year. After Ripple files its own Form C next week, both the regulator and Ripple Labs will need to “agree on a briefing schedule.”
🚨NEW: Just had a great chat with @s_alderoty of @Ripple who gave me a rundown of the appeals timeline.
📌The @SECGov’s last day to file Form C (which will give some level of detail about what it plans to appeal) is tomorrow.
📌Seven days later, Ripple will file its own Form…
— Eleanor Terrett (@EleanorTerrett) October 15, 2024
Thereafter, the SEC will have up to 90 days to file its first brief according to Terrett, who cited Alderoty. She added that Alderoty believes the regulator will take advantage of this period, and try to only make its filing at the end of the 90 days. Thereafter, the full briefing process “will go through July 2025,” according to the Ripple legal chief.
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New PolitiFi coin FreeDum Fighters ($DUM) has quickly raised $100,000 in just one hour, as MAGA ($TRUMP) and $MAGA whales take notice by making a big splash in this newly launched presale.
As the U.S. election heats up and the crypto space bets big on their presidential pick through Polymarket, FreeDum Fighters takes a more lighthearted approach to patriotism, adding a bit of fun before polling day.
The project invites political junkies to side with “Magatron” or “Kamacop 9000,” two mechanized versions of the leading candidates for office.
Both crypto libs and dems can join this gamified version of the U.S. election and participate in debates, voting, and earning rewards with the project’s native token, the cross-platform accessible $DUM.
Right now, early contributors can buy $DUM for $0.00005 per token. However, the price will increase through multiple presale stages, with the next round set at $0.000075 per $DUM.
PolitiFi Is Heating Up With The U.S. Elections Nearing The PolitiFi sector within the crypto sphere is buzzing, climbing 6.26% in the past 24 hours to reach a market capitalization of $772 million.
Bettors on Polymarket are wagering $622 million on a Trump win, compared to $414 million for Harris – something that could potentially aggravate the Vice President’s Trump Derangement Syndrome, if she indeed has it. Overall trading volume in the presidential election winner market on Polymarket has surpassed $2 billion.
It’s clear that the industry is banking on a Trump victory, which has positively impacted the prices of Trump-related PolitiFi coins. For instance, $TRUMP surged by 6.72%, while $MAGA soared by 2.78% in the past day.
That said, Kamala Harris-related coins have also fared well. In the same timeframe, Kamala Harris ($HARRIS) ticked up 7.11%, and Kamala Horris ($KAMA) saw a 14.28% bump. Belatedly, the Harris camp is also signaling positive regulatory vibes for crypto, so whoever wins, digital asset investors will probably be smiling.
While this meme coin subset is making a lot of noise lately, with Election Day just two and a half weeks away, whales are also turning their attention to new coins in the industry.
One that has caught their immediate interest is FreeDum Fighters, which quickly raised $100,000 in just one hour on Thursday.
But what is it about FreeDum Fighters that has crypto’s most politically inclined investors so engaged?
Prepare For The FreeDum Fighters: Magatron Versus Kamacop FreeDum Fighters introduces Magatron and Kamacop 9000, both ready to bring the rumble to the polls.
These incarnations of Trump and Harris are rallying support from all corners of the crypto political spectrum to participate in weekly debates, mirroring the fierce campaigning leading up to Election Day in a satirical way.
Users can craft witty arguments for the “Maga Machine” or the “Hunter of Injustice” on FreeDum Fighters’ social media accounts, and the winning team scores secret airdrops of “government funds,” transforming political engagement into real profits.
MAGA fans, hippies, rednecks, and commies 🇺🇸
Freedum Fighters presale is coming!
Get ready to make promises you won't keep, 'cause $DUM is about to Make Crypto Great Again 💪 pic.twitter.com/ffJtkWzaMo
— FreeDum Fighters (@Freedum_Fighter) September 24, 2024 Additionally, the project features a voting mechanism through staking, allowing users to select their FreeDum fighter and collect a hefty staking bounty across two staking protocols.
The passionately patriotic Magatron offers an impressive 861.51% APY, while the trailblazing feminist Kamacop 9000 boasts an astounding 28,755% APY.
$DUM, the primary currency for entering the FreeDum Fighters ecosystem, powers the debate rewards and staking. This token enables users to vote, earn rewards, and engage in various activities within the project.
When users invest in the presale, they are prompted to vote (stake) their $DUM tokens for one of the candidates.
If their chosen candidate wins a debate or significant favorable events arise, they will receive airdropped rewards added to their staked balance.
Only those who have voted (staked) will qualify for these rewards.
Around 108 Billion $DUM Tokens Will Be Up For Grabs In The ICO The project’s token has a total supply of 270 billion, with 40% – or 108 billion $DUM tokens – allocated for the presale.
Twenty percent, equating to 54 billion $DUM, will go into a liquidity pool to ensure robust trading on decentralized exchanges (DEXs). An equal amount will be reserved for staking pools.
Additionally, 10% of the total supply, or 27 billion $DUM, will fund the abovementioned debate rewards, giving all participants a chance to claim a share of this pot.
The remaining 10% will cover various initiatives, including marketing strategies tied to real-world political milestones to boost the project’s visibility. According to the FreeDum Fighters’ roadmap, these efforts are set to kick off as early as Phase One.
This final allocation will also support the upcoming token listing, which is expected to follow the crowning of the new leader between Magatron and Kamacop 9000.
How To Participate In The FreeDum Fighters’ ICO Political-themed tokens are rallying this year, and $DUM is primed to ride the wave as elections continue to dominate the headlines.
The head-chopping face-offs between the two parties set the stage for some much-needed comic relief from FreeDum Fighters, with $DUM offering a playful spin on this intense showdown while appealing to both sides of the political spectrum.
Whether it’s Magatron or Kamacop 9000 that claims victory, one thing’s certain: $DUM’s price is ready to blast off to the moon.
Visit the project’s official website to join Stage One of the presale—also known as the preliminaries. Connect your wallet, and with its multichain availability, you can choose between Ethereum, Binance Smart Chain, Base, and Solana, allowing you to purchase $DUM using ETH, BSC, BASE, SOL, USDT, and USDC.
FreeDum Fighters’ smart contract is fully audited by Coinsult and SolidProof, ensuring that its code contains no critical issues.
To stay updated with the latest developments, join the community on X or Telegram. Join the showdown.
Visit FreeDum Fighters.
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In This Article SuperRare (RARE) Outperforming The Marke,t Giving Hope To Lagging NFT SectorWhy Is RARE Pumping? Bullish Catalysts On The HorizonBONUS: Mind Of Pepe (MIND) Surpasses $7.2m In Presale Funding: Could MIND Be The Saviour Of The AI Sector? NFT platform SuperRare (RARE) is quietly outperforming the rest of the crypto market, up more than 20% on the last day alone. These impressive gains come as Ethereum (ETH) slides a further 8% daily, taking it below $2,000 for the first time since November 2023.
Per CoinGecko, RARE is trading for around $0.12 and has a market cap of $98 million. The surge in price has caused a spike in trading volume; in the last 24 hours, RARE has processed over $800 million in volume.
(@Moon_Whales_)
SuperRare (RARE) Outperforming The Marke,t Giving Hope To Lagging NFT Sector The performance of RARE in the past 30 days indicates a growing activity in the NFT space and a boost to digital art platforms like SuperRare.
RARE has been tearing up while Bitcoin (BTC) and Ethereum (ETH) continue to tank, hitting $80,000 and $1,900, respectively. CoinGecko data shows it has risen by 67% in the past 30 days, 140% in the past 7 days, and nearly 25% in the last 24 hours.
This impressive price action from RARE still drops into the ocean when zooming out. For RARE to return to its all-time high in 2021, it would have to increase a further 20-30x from here. If the NFT space recovers, RARE is perfectly placed as a blue-chip investment within the sector.
Market investors are seemingly exhausted with tokens due to continued underperformance in what is supposed to be a bull market. This exhaustion could be part of the reason that there is renewed attention on projects related to digital art.
With the SuperRare platform seeing an uptick in activity, it is no surprise that its governance token, RARE, has spiked in price. Holders of RARE are effectively stakeholders within that SuperRare platform, essentially it is like owning a stake in a physical art gallery.
As SuperRare operates as a decentralized autonomous organization (DAO), RARE holders have an active say in the platform’s future. According to its website, “token holders will have the opportunity to guide the evolution of these necessary developments in a transparent, democratized manner.”
DISCOVER: 9+ Best High-Risk, High–Reward Crypto to Buy in March 2025
Why Is RARE Pumping? Bullish Catalysts On The Horizon
(@MaxanceRol)
Aside from a general shift toward the NFT sector, SuperRare has a few reasons why its token outperforms most of the market.
In less than a month, on April 3rd, SuperRare will inaugurate its own art gallery in New York City. It made the announcement during its live event in Paris at the end of February.
SuperRare also recently introduced ‘Daily Rare’, a daily auction on its platform highlighting a unique digital art every day at 12:00 PM ET.
The Daily Rare initiative has been a huge hit thus far. It offers a daily auction for unique digital artwork selected from the best 1/1 creations. The auction starts every day at 12:00 PM ET, providing collectors with the opportunity to acquire exclusive works.
Innovation doesn’t stop here for SuperRare. To meet the growing demands of fervent collectors, SuperRare will soon offer a private sales service and art consultancy.
These services will offer personalized assistance in selecting and acquiring digital art pieces, facilitating private transactions and providing expert consultations.
With the introduction of the Daily Rare daily auctions, the expansion into physical galleries, and the upcoming offering of personalized services, SuperRare continues to lead the way in the NFT space.
BONUS: Mind Of Pepe (MIND) Surpasses $7.2m In Presale Funding: Could MIND Be The Saviour Of The AI Sector?
The AI sector is seemingly biding its time before it bounces back with a pop. While there are some doomers calling the AI space dead, there is no way that blue-chip AI projects won’t explode once market sentiment turns bullish again.
What is more likely is that the AI space has grown stale, with many cut-and-paste projects that lack true innovation. This is where Mind Of Pepe (MIND) enters the chat. This hot new AI agent is taking the market by storm and has been experiencing healthy daily funding even amid a bloody crypto market.
MIND is hitting the market when market conditions offer investors a lottery ticket for true blue-chip projects. This new AI agent technology analyzes market sentiment and uncovers valuable insights that are paywalled for MIND holders.
Using cutting-edge AI technology, MIND Of Pepe can identify and create opportunities by tracking trends and helping investors navigate the market more easily.
Unlike conventional trading tools, MIND Of Pepe is powered by the latest AI learning models and continuously improves through autonomous intelligence, giving its holders an edge over the market.
Join the MIND of Pepe community on X and Telegram to stay updated.
Remember, there are approximately 12 hours until the $MIND price increases, so don’t wait too long to explore MIND of Pepe.
Visit The MIND Of Pepe Presale Website Today
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SuperRare (RARE) Has Pumped 20% Over The Last 24 Hours RARE continues to surge while the wider crypto market bleeds SuperRare uptick in activity showing signs of life for the NFT sector Addition of physical New York gallery plus upcoming private sales and art consultancy services reasons behind RARE price action Mind Of Pepe (MIND) hits $7.2m in presale funding as investors seek blue-chip AI projects during this bloody market #Presales
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A closely followed crypto strategist believes one Ethereum (ETH) competitor is primed to print gains of more than 2x this year.
Pseudonymous analyst Altcoin Sherpa tells his 211,900 followers on the social media platform X that he thinks Solana (SOL) will see new all-time highs this year.
[adinserter block="1"]
But while the crypto strategist is long-term bullish on SOL, he expects the Ethereum rival to witness a pullback before starting a fresh leg up.
“There is going to probably going to be a pullback somewhere in the $200-$250s, but I don’t know how deep it’s going to be.
Still bullish as hell on this one this cycle, it’s the best chain for retail (evidence of memes). Probably $500+ in 2024.”
Source: Altcoin Sherpa/X At time of writing, SOL is worth $187.90, down over 6% in the past day.
Next up, the trader says that RSS3, a decentralized information processing protocol, appears to be trading in a range with an upper bound of $0.57 and a lower bound of $0.40.
“Still a super strong coin, RSS3 is one I’m still invested in and have a bag. Ranging for now and I think that this has been very strong amidst market volatility.”
Source: Altcoin Sherpa/X RSS3 is trading for $0.448 at time of writing, down 15.4% in the last 24 hours.
Lastly, the trader says he is bullish on Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs) including short-term bonds and US Treasuries.
“ONDO: buy ONDO for financial freedom around $0.43. One of my bags for real-world assets (RWA) this cycle, expecting good things for the future.”
Source: Altcoin Sherpa/X Ondo is trading for $0.422 at time of writing, down more than 12% in the last 24 hours.
Crypto game Aavegotchi is set to migrate from one Ethereum scaling network to another following a successful community vote—and in the process, another gaming-centric network is set to bite the dust.
On Tuesday, a DAO vote for Aavegotchi to migrate from Ethereum sidechain network Polygon to Coinbase's Base layer-2 network reached quorum. The proposal, written by Aavegotchi developer Pixelcraft Studios, suggested that the game "perform a full, 'all-in, no-looking-back' migration to Base."
Aavegotchi is one of the longest-running projects in the crypto gaming space, with the play-to-earn virtual pet game first announced in 2020. The game's GHST token launched later that year, and character NFTs dropped in early 2021.
But the crypto gaming space has changed dramatically in the five years since, with play-to-earn gaming experiencing a massive surge and crash in 2021 and 2022 centered around Axie Infinity, while a resurgence in crypto gaming sentiment last year has led to cratering token valuations in recent months amid market shifts.
Aavegotchi attempted to pivot last year with the launch of its own layer-3 gaming chain called Geist, which would be powered in part by technology from both Arbitrum and Base. The network launched with a "member's only" model that would require fees, but would then reward players as a result.
But now Geist will be "sunsetted" as a result of the vote, and according to Aavegotchi founder CoderDan, the move was prompted in part by what he saw as a lack of gaming traction on Polygon, as well as stagnant or declining DeFi activity. He added that spinning up another layer-3 chain was unlikely to benefit Aavegotchi at this time.
"Although Geist is a good idea in theory for the Aavegotchi ecosystem," he wrote, "the benefits of migrating to our own L3 in this current environment are outweighed by the downsides—namely isolation, onboarding friction, and costs of running our own chain, including developer tools, in addition to the rollup itself."
According to the proposal, the migration is expected to take 4-6 weeks, due to preparation work that had already been done for the Geist launch. All existing NFT assets will be cloned and re-minted on Base, with the original Polygon assets "frozen and not usable" as the new versions take over.
Aavegotchi's GHST token is down 4% on the day and 28% on the week, currently priced at $0.438 per data from CoinGecko. The downswing comes amid a highly volatile market of late—one that has not been kind to the vast majority of gaming tokens.
Numerous gaming chains launched in 2024, but already a few have folded. The makers of the Minecraft-like Hytopia revealed plans in February to shutter their Hychain network, while Treasure aims to "retire" its Treasure Chain following a recent team downsizing and budget crisis. Xterio Chain is also shutting down, with all assets being migrated to BNB Chain.
But the trend hasn't completely subsided. Earlier Tuesday, iCandy Interactive and ZKsync builder Matter Labs debuted ZKcandy, their new Ethereum scaling network focused on mobile gaming.
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In This Article Aavegotchi Founder Made The Proposal To Leave Polygon And Go "All-In On Base"Polygon Vs. Base - Why Did Aavegotchi Leave One For The Other?BONUS: Solaxy (SOLX) Is The First Native L2 On Solana And Just Hit $29.5m In Presale Funding Aavegotchi, an NFT protocol with a focus on Web3 gaming, has opted to abandon blockchain network Polygon and switch to Base, a Coinbase-linked Ethereum layer-2 chain, according to the results of an on-chain vote.
Yesterday (April 8), Aavegotchi’s community members voted 93.25% in favor of a proposal to “Make Aavegotchi Based Again” by shutting down the protocol’s smart contracts on Polygon (POL) and re-deploying on Base.
Let’s Make Aavegotchi Based Again https://t.co/nIoFseAsVi pic.twitter.com/X8UQQXmPnp
— Aavegotchi 👻 (@aavegotchi) April 9, 2025
Aavegotchi Founder Made The Proposal To Leave Polygon And Go “All-In On Base” @coderdannn, the Aavegotchi founder, stated a key reason for the proposal was the competitiveness within the L2 ecosystem and that Polygon “has not shipped any significant updates or features to PoS to enable better ecosystem coherence or discovery for gaming.”
From the proposal back in February, @coderdannn said, “Given our close relationship with the Base team, as well as recent developments in the Base ecosystem, we believe the most +EV move for Aavegotchi (for this cycle, at least) is to sunset Geist (Polygon deployment) and go all-in on Base.”
At the time, Dan also confirmed that Pixelcraft Studios, the developer behind Aavegotchi, “recently made significant team cuts to reduce our burn and extend the runway.”
DISCOVER: CoinPoker Drop CoinMasters Tournament With World Series Event Package and $250K USDT Prizes
Memecoins, GameFi, and NFTs have been some of the hardest-hit crypto sectors over the past 12 months. This situation has only worsened in the last week due to President Donald Trump’s plan to impose sweeping tariffs on most US imports.
The migration to Base from Polygon reflects Aavegotchi’s efforts to adapt to the market downturn by switching to a prominent L2 and leaving one that isn’t making any waves within the Web3 gaming sector.
Base also has the benefit of being launched by Coinbase in 2023. Coinbase is the largest cryptocurrency in the US by trading volume and second in the world behind Binance.
Polygon Vs. Base – Why Did Aavegotchi Leave One For The Other?
(DEFILLAMA)
Aavegotchi’s decision to leave Polygon comes as it faces ongoing challenges in maintaining users and total value locked (TVL) in the face of competition from Ethereum layer-2 chains, such as Arbitrum and Base.
Polygon was once the go-to L2 solution and in 2021 its TVL went as high $10 billion. As of today (April 8), DefiLlama shows its TVL at $716 million. This marks a huge fall from grace while both Base and Arbitrum hold $2.59b and $2b, respectively.
Due to its harsh fall as a top L2 solution, Polygon has fallen outside the top 10 chains and currently ranks 13th, behind Aptos in 12th.
TVL is a key metric used to assess the strength of a blockchain’s DeFi (decentralized finance) sector. It measures the total amount of assets deposited in a protocol, typically for yield-bearing incentives.
It reflects user trust and adoption but also serves as an indicator of available liquidity across the network. Typically, chains with higher TVL are the most popular and widely used. This is evidenced by the top five chains by TVL, which include Ethereum, Solana, BNB Smart Chain, Bitcoin, and Tron.
Aavegotchi is an OG in the web3 gaming space, launching in 20202 via a collaboration between Pixelcraft Studios and Aave, the leading decentralized lending protocol with over $16 billion TVL.
It functions as a blockchain-based game and as a DeFi protocol for staking and NFTs. Users can sell, buy, and upgrade their Gotchi while earning the GHST token and interest based on their activities and staking.
BONUS: Solaxy (SOLX) Is The First Native L2 On Solana And Just Hit $29.5m In Presale Funding Regarding L2’s, the aforementioned Ethereum ecosystem of sidechains is already established as a multi-billion-dollar sector. Solaxy (SOLX) is targeting a niche in the market as the only native L2 solution on Solana.
By introducing a sidechain for Solana, users will experience fewer failed transactions and enhanced speed while maintaining the low cost and security of Solana’s mainnet.
As for developers, it brings confidence in building at scale. And for Solana as a whole, Solaxy could be the missing piece needed to finally become the ‘Ethereum Killer’ it has been touted as since its launch in March 2020.
The SOLX presale offers an opportunity for early positioning. Over $29.5 million has already been secured by eager investors. It represents a perfect opportunity, especially for those who missed Solana when it was trading under $1 in 2020.
To take part in the presale, visit the official Solaxy website and make a purchase using SOL, ETH, USDT, USDC, BNB, or even a bank card.
You can also connect with a supported crypto wallet like Best Wallet to store and view your $SOLX tokens before launch.
Follow Solaxy on X to stay updated, join the growing community on Telegram, and participate in what could be Solana’s next big breakthrough.
Visit The Solaxy Website To Find Out More
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Aave-backed NFT gaming project Aavegotchi leaves Polygon to build on Base chain Aavegotchi founder cites close relationship with Base and its inclusion of GameFi as a key reason for leaving Polygon Base is the 6th largest chain by TVL, with over $2.5bn, while Polygon has fallen to 13th with just $716m Solaxy (SOLX) aims to corner a niche market as the first native L2 on Solana #Presales
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Ethereum and BNB chain bridge Router Protocol just closed an oversubscribed funding round to extend the bridge to more networks.
Router Protocol, a modular cross-chain framework for building interoperable applications. By connecting different blockchain ecosystems, bridges play a crucial role in creating a more cohesive and streamlined network.
It was launched in 2022 on the Polygon and BSC chains with the objective of making life easier for future Web3 users.
Router Protocol said in a press release that it has recently raised more than expected funds for further development—but didn't disclose exactly how much. The investment realized from this raise will be used to fuel its own fully operational layer 1 blockchain, thus breaking away from the Binance and Polygon ecosystem.
“Router Chain embodies the evolution of our unwavering vision to build the universal interconnectivity layer between fragmented L1/L2 networks,” Ramani Ramachandran, CEO of Router Protocol, said in a press release.
The goal, he added, is to do away with complexity.
The team is “laser-focused on delivering seamless and intuitive user and developer experience for multi-chain applications,” he added.
According to Shubham Singh, the CTO of Router Protocol, the ecosystem has experienced tremendous growth with cross-chain projects like FolioX and StakeEase, which have decided to take advantage of the Protocol’s unique characteristics to make a name for themselves.
In another development, Router Protocol has achieved a significant milestone with the successful launch of Router Nitro. This cross-chain bridge leverages an innovative reverse-verification method to deliver speed and gas efficiency.
Since its launch, the Nitro bridge has facilitated over $350 million in volume, processed more than 650,000 transactions, and attracted nearly 300,000 unique users within four months.
This underscores the growing demand for seamless cross-chain interactions.
The Protocol will soon launch an Ecosystem Grant for projects with future prospects that build on the Router Chain.
Edited by Stacy Elliott.
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Router Protocol, a Coinbase Ventures-backed decentralized blockchain network, has announced the mainnet launch of its Layer-1 solution Router Chain.
The launch, set for Tuesday, aims to bridge Bitcoin (BTC) and Ethereum (ETH) security to chains in the Cosmos (ATOM) ecosystem, enabling fully interoperable decentralized applications.
Router Protocol’s mainnet launch introduces chain abstraction technology, allowing developers to create dApps for cross-chain money markets and omnichain tokens and other use cases.
Router Chain eyes a chain abstracted ecosystem Chain abstraction relates to the defragmentation of the blockchain ecosystem to allow users to interact with dApps from any chain without having to exit their current application. Abstraction also allows for interaction with the applications on disparate chains via any token, with blockchains benefitting from aggregated liquidity.
Router Protool wrote in an update that its mainnet launch is another step towards addressing challenges facing developers and the community in relation to chain abstraction within the Web3 ecosystem. Per details shared in the press release, the protocol offers a product suite that includes Router Chain, Nitro and CCIF for this goal.
Router Chain is a proof of stake layer-1 chain leveraging Tendermint’s BFT consensus mechanism and offers compatibility with EVM and non EVM chains. Meanwhile, the Cross-Chain Intent Framework is a plug-and-play infrastructure for cross-chain dApps and Nitro supports cross-chain swaps.
“By abstracting blockchain complexities, Router Protocol not only advances chain abstraction technology but enables the next generation of decentralized applications to seamlessly interact across multiple chains, boosting efficiency and reducing costs. This is the development Web3 has been waiting for,” Router Protocol founder and CEO Ramani Ramachandran said.
ROUTE as gas token Router Protocol’s mainnet launch also allows developers and users to benefit from features such as optimistic reverse verification and fast finality for fast cross-chain transfers. Meanwhile, middleware interceptors provide for customizable interactions and composability.
According to Router Protocol, the ROUTE token will serve as the platform’s gas token as well as offer staking rewards for holders.
Bridging Bitcoin, Ethereum to Cosmos Features that come with Router Chain’s mainnet launch includes canonical bridges, omnichain tokens and alloyed assets, and cross-chain money markets. Developers can leverage Router Chain for decentralized applications for cross-chain lending, borrowing and trading.
Router Chain’s multi-chain dApps feature means developers can tap into Bitcoin or Ethereum’s security, while at the same time leverage Solana for low transaction costs and speed. Router plans to launch a bridging solution for Cosmos to help mitigate the chain’s security limitations.
Also backed by QCP Capital and Wintermute among other investors, Router Protocol will look to mainnet launch to expand beyond the over 30 EVM and non-EVM chains that it currently supports.
Router Protocol has partnerships with Circle, Osmosis and Electron Labs, while its CCIF integrations include Lido, Benqi, Stakestone and Aerodrome.
World Mobile Token has developed by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to boost cross-chain token exchange and staking. This integration across multiple blockchains, including Ethereum, BNB Chain, Base, and Arbitrum, makes user transactions smooth.
World Mobile ensures secure and reliable cross-chain operations, benefiting from CCIP’s security features and risk management protocols. Chainlink shared this strategic integration with Chainlink (LINK) through its official X account.
Expanding Secure Cross-Chain Transfers with Chainlink CCIP Chainlink CCIP introduces arbitrary messaging capabilities, further streamlining the cross-chain process. This allows the World Mobile Token (WMT) network to offer simplified, secure staking across different chains. Consequently, users can stake on one chain and receive rewards on another, improving overall functionality.
World Mobile selected CCIP due to its proven track record of reliability in the Web3 industry. Chainlink’s CCIP is built with an independent Risk Management Network, which monitors cross-chain activities for suspicious behavior. This added layer of protection is crucial, given the exposure historically seen in the cross-chain sector.
Strengthening the World Mobile Ecosystem Chainlink’s integration brings several critical features to the World Mobile ecosystem. The CCIP Token Transfer solution allows audited token pool contracts to manage minting, locking, and burning tokens, creating an efficient and secure transaction system. Additionally, programmable token transfers enable data to be processed alongside tokens, streamlining developer transactions.
Moreover, CCIP is designed for future scalability. World Mobile Token’s decision to integrate CCIP ensures that new blockchain functionalities can be incorporated without costly upgrades or transitions. Hence, CCIP’s flexibility makes it the ideal solution for cross-chain operations.
This integration comes as World Mobile continues its mission to disrupt the telecom industry by offering decentralized mobile networks, focusing on underserved communities globally. By combining blockchain technology and sharing economy principles, World Mobile Token seeks to provide affordable and high-quality connectivity worldwide.
Chainlink CCIP is designed to be future-proof. It supports continuous updates, allowing World Mobile Token to adapt to new functionalities and blockchain networks. This future flexibility eliminates potential switching costs, making it a cost-effective and scalable solution for World Mobile Token’s growth.
World Mobile’s CEO, Micky Watkins, highlighted the importance of CCIP in securing their ecosystem, stating that it will enable staking across different blockchains while expanding the company’s offerings without compromising security.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Cryptocurrency trading platform Unibot team made a new announcement today regarding the UNISOL token to be issued based on Solana.
At this point, Unibot, which initially came out as part of the Ethereum (ETH) ecosystem, announced that it has now adopted the Solana ecosystem and will launch a new token, UNISOL.
The new token, UNISOL, is designed to generate revenue in SOL, Solana's native currency, the team said.
This new token announcement was met with skepticism by investors and caused volatility in UNIBOT's price.
However, the developers assured in their statement that UNISOL can increase the value of UNIBOT.
The team also announced that UNIBOT holders will receive 80% of the UNISOL supply as an airdrop.
This move will allow UNIBOT holders to benefit from the 50% distribution of revenue generated by Unibot on Solana and earn additional earnings through the UNISOL airdrop.
UNIBOT, which experienced an increase of nearly 50% after the announcement, continues to be traded at $ 57 with an increase of approximately 20% at the time of writing.
//ANNOUNCEMENT
We'd like to clear the confusion around the path forward.
The revenue sharing for protocol revenue generated by @UnibotOnSolana is split 50/50 between two pools, described as follows.
Pool #1: simply being a holder of $UNIBOT on Ethereum, no strings attached.… pic.twitter.com/vqEVVhG1FI
— Unibot (@TeamUnibot) January 28, 2024
*This is not investment advice.
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Unibot’s native token fell past $50 today.Conflict has broken out between the popular Telegram bot’s Ethereum and Solana developers.Both sides traded accusations of breach of trust.Unibot’s token fell more than 40% today as news emerged of infighting between its Ethereum and Solana developers of the popular Telegram trading bot with over $1.1 billion in volume.
Unibot’s Ethereum developers said they had ended their collaboration with their Solana counterparts, accusing them of reneging on previous agreements.
The Solana group confirmed the split, announcing plans to rebrand from Unibot’s Ethereum team.
Unibot is a Telegram trading bot on both Ethereum and Solana. It first emerged on the Ethereum mainnet last May, followed by a Solana deployment in January.
Unibot users, especially those who use the Solana-based iteration, now find themselves in the lurch.
Today’s split is the latest problem to rock Unibot, which was previously hacked for $5.6 million last year. These problems have contributed to the project falling further behind its major rival, Banana Gun bot.
Unibot and Banana Gun bot belong to a class of projects that allow crypto users to trade tokens using only a few simple commands on Telegram.
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Unibot token slumps below $50 amid in-fighting between project teamsTelegram bots have evolved into a crypto niche in their own right and boast a $1.6 billion market capitalisation, according to Coingecko.
Apart from trading, several bots also share revenue with users, and some of them help traders automate airdrop farming activities.
Unibot developers lance accusationsThe Ethereum developers behind Unibot accused the Solana group of a breach of trust because the latter also launched a version of the bot on the Blast blockchain without its approval. Blast is a layer-two blockchain built by the same team behind the NFT marketplace Blur.
Unibot’s Ethereum developers accused its Solana counterparts of refusing to undergo the KYC identification process, too.
As such, the Unibot Ethereum team demanded the Solana group change its name which is currently Unibot on Solana.
Following the split, the Unibot Ethereum developers launched a Unisol X frontend for users on Solana as an alternative to the Unibot on Solana bot. They decided to launch a second front because they are no longer working with the Solana group.
Responding to Unibot’s accusations, Reethmos, the pseudonymous Unibot on Solana builder, said the split would not affect its users.
Unibot has earned over $53 million in revenue since inception. (whale_hunter/Dune/whale_hunter/Dune)
Reethmos countered Unibot’s statement and accused the Ethereum developers of engineering the split because the Solana team blocked their access to the bot’s revenue.
“They farmed $30 million from tax farming but apparently it wasn’t enough,” Reethmos said on X, formerly Twitter. Tax farming is the practice of levying fees on token swaps, and Unibot’s Ethereum developers earn 40% of the tax imposed on trading the token.
Unibot generates revenue across all chains, which is shared among token holders. To qualify for the revenue share, holders must hold at least 10 Unibot tokens.
Of the $53 million in cumulative revenue the bot has generated, $48.2 million has been realised on the Ethereum deployment.
Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. To share tips or information about stories, please contact him at [email protected].
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Over the weekend, South Korean Karaoke service SOMESING suffered a hack that stole hundreds of millions of SSX tokens. This hack has made crypto exchanges in South Korea alert users and take provisionary actions to minimize investors’ risks.
Upbit Alerts Over Security Risks On January 29, a press release from the largest South Korean crypto exchange Upbit alerted its users of the SSX tokens hack and the following measures to be taken. The exchange warned the community about the potential security risks and the price volatility the token has faced since the attack.
This announcement came after several crypto exchanges, including Bithumb and Coinone, followed SOMESING’s request to suspend SSX token deposits and withdrawals from crypto exchanges.
The press release stated that Upbit has also suspended deposits and withdrawals of the SSX token following the Foundation’s request and explained that the decision is based on the digital asset becoming a ‘cautionary asset’ according to the Digital Asset Exchange Association (DAXA) designation to protect investors.
As the report details, the ‘cautionary asset’ designation is founded on the security issue that the suspicious movements from SOMESING Foundation wallets represent, as well as the change in distribution volume compared to the distribution plan previously submitted by the foundation.
Consequently, Upbit also labeled the SSX token as a ‘cautionary asset’ and has designated a review period from January 19, 2024, until February 14, 2024, to examine the SSX token. Upbit will conduct a detailed review of the digital asset during this period to determine whether to extend or lift the ‘cautionary asset’ designation or terminate the transaction support.
730 Million Tokens Withdrawn To An Unknown Crypto Wallet On January 27, the decentralized blockchain music platform SOMESING notified its community and holders and revealed the details of the hack that occurred in the early hours of that day.
The hack saw 730 million SSX tokens, worth approximately $11 million at the time, withdrawn to unknown wallets. The foundation detailed on its Medium post that 504 million of the stolen SSX tokens were undistributed tokens originally planned to be circulated by the end of 2025.
The Foundation held the other 226 million withdrawn tokens for their circulation supply plans, and as a result, 489 million SSX tokens are over-circulating.
SOMESING’s investigation determined that no member of its team seemed to be involved in the attack, as the methods used suggest that it was most likely conducted by a professional hacker or group of hackers specialized in targeting digital assets.
As part of the emergency measures taken, the Foundation informed that the case was immediately reported to the Cyber Investigation Unit of the National Police Agency, and the incident would also be reported to Interpol.
Additionally, SOMESING urgently requested that domestic and foreign exchanges temporarily suspend deposits and withdrawals of the SSX token where it was listed to prevent further damage to users.
Lastly, the Foundation detailed its plan to track the transaction history of the stolen SSX tokens in collaboration with the Klaytn Foundation and Official Interpol-partner cyber security company Uppsala Security. The goal is to identify the final destination of the stolen funds and identify the hacker’s wallet to potentially freeze the seized assets and unveil the hacker’s identity to take further legal action.
According to CoinGecko data, the SSX token traded around the $0,017-$0,018 range before the hack, falling to $0,015 in the following hours. At writing time, the SSX token trades at $0.01413, a 12.4% price drop in the last 24 hours.
BTC is trading at $ on the hourly chart. Source: BTCUSDT on TradingView.com Featured image from Unsplash.com, Chart from Tradingview.com
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ThunderCore is one of the latest projects that is trying to solve the blockchain trilemma. That constant struggle between Decentralization, Scalability and Security.
The project is the culmination of years of scientific research. It was only launched recently and has already started achieving interesting results. Trading volumes in the Native Thunder Token has also picked up at a rapid pace.
However, can the project really achieve these ends?
In this ThunderCore review I will attempt to answer that. I will also analyse the long term use cases and adoption potential of the Thunder Tokens.
ThunderCore SolutionAs mentioned, the blockchain Trilemma is a pertinent one. Quite simply, it is the notion that any blockchain technology is only able to achieve two of the three following traits at the same time:
DecentralizationScalabilitySecurityThe most famous proponent of this idea is Ethereum’s founder Vitalik Buterin. However, the ThunderCore protocol offers an elegant solution to the problem and believes it has found a way to deliver all three traits at the same time.
It will solve the problem by combining a standard blockchain, which they are calling the “slow chain” and such as you would find on Bitcoin, Ethereum or any other Proof-of-Work chain, with another chain they are calling the “fast path.”
How the Accelerator Network will work
The fast path is a Proof-of-Stake chain that is secured by a committee of 300 stakeholders and is coordinated by the central authority called the “Accelerator.” The Accelerator exists to linearize transactions and data on the fast chain and was created as a simple way to accomplish this task, which is quite difficult to do in a decentralized fashion.
By combining the slow chain and fast path in this manner ThunderCore achieves the following blockchain behavior:
When the network is working properly i.e. not under attack or compromised, it supports instant confirmations and high throughput.If the network does come under attack the blockchain security is maintained as long as the slow chain remains secure and as long as a majority of the stakeholders remain honest. This is true even if the Accelerator is corrupted and acting maliciously.ThunderCore was built and developed with the application developer community in mind. Not only was it built around developer needs, but it also collects data, feedback, and insights on how the platform is being used by developers to create decentralized applications.
Daily Active Users of top 3 dApp platforms. Image via Official Blog
This data is then used to ensure the platform best supports the developer community. One of these supports is that Ethereum dApps can be ported to ThunderCore in under five minutes.
ThunderCore Roadmap and GrowthThe ThunderCore development team spent six months analyzing the data from their testnet and cleaning up bugs in the code before launching a Pre-Release mainnet on February 28, 2019. The Pre-Release Mainnet was only different from a Public Mainnet in that TT tokens could not be staked on the Pre-Release Mainnet.
The number of addresses and transactions seen on the Pre-Release Mainnet was significant, with the total number of addresses growing to more than 40,000 by the end of April 2019, and the number of transactions climbing to nearly 200,000.
On May 14, 2019, the ThunderCore team announced the launch of the official mainnet, which came following the ICO on May 9. Because of the full compatibility ThunderCore has with the Ethereum Virtual Machine dApps can be quickly and easily migrated to the mainnet.
ThunderCore's Extended Roadmap. Image via Official Blog
Now that the mainnet has officially launched the ThunderCore development team will focus on three key areas of the protocol:
Research and Design of the ProtocolBlockchain ImplementationDeveloper and User EnhancementsThe first area of focus has mostly been completed at this time, with the mainnet launch and the implementation of the Proof-of-Stake incentives. This is bringing about large-scale consensus and committee elections.
The third area of focus is also nearly complete for the time being, with the team looking to add portal enhancements for developers. This is expected to be completed sometime in the third quarter of 2019.
The largest changes in the second half of 2019 will be made in the area of Blockchain Implementation. This will see the next release of ThunderCore called Haikili released sometime in the fourth quarter of 2019, and will bring developer funded gas and cross chain assets to ThunderCore.
The final scheduled upgrades on the roadmap are increased privacy support and the ThunderCore Raijin release, which will add additional blockchains to the protocol as fallback measures. These changes aren’t expected until the second quarter of 2021.
The ThunderCore TeamThe ThunderCore team is global, but the majority of the more than 60 team members are located in San Francisco, CA. The core team of ThunderCore consists of highly dedicated blockchain professionals, all of whom have solid experience in blockchain, networking, security, software development and other areas of computer science.
The primary leaders of the team are CEO Chris Wang, co-founder Elaine Shi and co-founder Rafael Pass.
Chris Wang, the CEO of ThunderCore, received his Ph.D. in Computer Science from Carnegie Mellon when he was just 22 years old. He went on to become a co-founder of the gaming company Playdom, which was acquired by Disney in 2010 for $532 million, although it was later shut down.
Elaine Shi is the Chief Scientist at ThunderCore and is one of the co-founders of the project. She also received her Ph.D. in Computer Science from Carnegie Mellon, and in addition to co-founding ThunderCore, she is also a co-founder of the Initiative for Cryptocurrency and Contracts (IC3).
ThunderCore "Core" Team members
She is extremely experienced in the blockchain space and can be considered a pioneer as she was the first person to write an academic paper concerning Bitcoin and decentralized smart contracts. She has received numerous awards for her work and was the author of the Thunderella protocol, which became the basis for the ThunderCore protocol.
The other co-founder of ThunderCore is Rafael Pass, who received his Ph.D. in Computer Science from the Swedish Royal Institute of Technology. He also received an additional Ph.D. in Computer Science from MIT, and he currently works as a professor at Cornell University.
Pass is considered to be an expert on cryptographic protocols, consensus, and game theory. He was also a co-founder of IC3 alongside Professor Shi, and he helped create the highly scalable ANONIZE computation protocol implemented in the Brave browser with Abhi Shelat.
ThunderCore PartnershipsI normally don’t mention partnerships because in many cases in the blockchain space partnerships are not very meaningful, often created between two blockchain companies neither of which have a viable product. This is not true in the case of ThunderCore and its partners, all of which are already leaders in the blockchain space with solid products.
The first of these partnerships is with TrustWallet, the official cryptocurrency wallet of the Binance Exchange, which now supports the TT token as well. The wallet will also give users access to all the dApps built on the ThunderCore platform.
TrustWallet & Thunder Token. Image via ThunderCore
A second critical partnership has been formed with BlockVigil, who will give ThunderCore advanced integration capability by delivering a transparent API layer to users.
In order to ensure dApp vulnerabilities and protect developers and users, a partnership with Silicon Valley-based blockchain security firm AnChain.ai was formed. The technology developed by AnChain.ai will help determine if the dApps on the ThunderCore platform are safe to interact with.
Last, but not least, is the partnership formed with Liquidity Network, who will be launching their NOCUST payment hub on ThunderCore’s blockchain.
When it comes to increasing adoption and awareness of a cryptocurrency, the community behind said project can be powerful. Hence, I decided to get a better look at the size and engagement of community behind the ThunderCore project.
Firstly, it is important to point out that this project really is global in scope. They have three Telegram channels to support three of their most popular languages.
In the English Telegram channel, they have over 4,900 members. Their Korean channel is on the lighter side with 445 members but they have over 21,000 members in their Chinese channel!
I decided to jump into their English channel to get a better sense of the discussion that was taking place there.
Some of the Discussions in English Telegram
As you can see, the Admins are being quite helpful with those new to the channel and community. There was a bit of price banter and memes that were shared amoung the community but this is normal for most crypto telegram channels.
Taking a look at some other social channels, ThunderCore has a pretty active Twitter account that has just below 10k followers. This is less than we have seen on other official project accounts.
Finally, they also have a Reddit, Discord and official blog. The latter is perhaps one of the best ways to get important updates from the ThunderCore team.
The TT TokenThe TT Token is an ERC-20 token for the ThunderCore blockchain. It acts as a store of value and provides the gas for transaction fees on the blockchain and to underwrite the smart contracts that are created on the ThunderCore blockchain.
It will also be used to build and monetize dApps on ThunderCore. Finally, it can be staked in order to become one of the committee stakeholders or to become the Accelerator and receive incentives for securing the network and processing transactions.
ThunderCore first raised $50 million in private equity during three rounds of private investment. On May 9, 2019, they held an IEO on Huobi Prime Lite, raising $500,000 and selling tokens at $0.015 each.
Thunder Token Price History since IEO. Image via CMC
Given the very short time the token has been in existence its notable that it is currently in the 122 position on CoinMarketCap with a market capitalization of just over $46.5 million.
After its release on May 10, 2019, the TT token immediately jumped higher, hitting its all-time high of $0.02818 on its first day of trading. It dropped quickly and spent the next several weeks trading between the $0.02 and $0.025 level.
By the end of June, it dipped below the $0.02 level however and hit its all-time low of $0.013012 on June 27, 2019. At the time of writing (July 1, 2019) the token is trading at $0.016044.
Buying & Storing Thunder TokensGiven that the Thunder Token was issued in an IEO that took place on the Huobi Exchange, (now HTX), it only makes sense that this would have the most trading volume. However, there is reasonable amounts of volume on exchanges such as Hotbit and Upbit.
What was surprising to me was that the token is not yet listed on Binance. TrustWallet is owned by Binance and they have already started offering support Thunder Token so it looks like a natural fit.
Irrespective of this though, there appears to be decent trading turnover for the Thunder Tokens on the exchanges where they are listed. This means that liquidity should not be an issue when executing large block orders.
Register at HTX and Buy TT Tokens
When you have bought your Thunder Token then you will want to take them off of the exchanges. This is no doubt one of the most prudent things to do given the numerous examples of large exchange hacks.
Given that ThunderCore was built on top of the Ethereum Blockchain, you can store the tokens in any ERC20 compatible wallet. However, you are perhaps best suited to use a secure offline alternative like a hardware wallet.
Having said this, the ThunderCore team is working with other wallet developers to add support for Thunder Token.
ConclusionThe ThunderCore project is an interesting take on smart contracts and dApp creation with a goal of improving blockchain technology across the board. The team behind the project is an impressive one, and the adherence to their own timeline is notable. Now that the public mainnet has launched we can see how well ThunderCore stacks up against its competitors.
The first 10 weeks saw ThunderCore attract 10,000 active users to its platform. The speed of user acquisition was far faster than similar platforms, although that might be due to the maturing dApp communities. We will have to wait and see if growth continues at that pace.
One concern for the project comes in connection with their recent IEO. The price of that IEO was far below the price at the private funding rounds, which were $0.01 in the first round, $0.02 in the second round, and $0.10 in the final round of private funding.
It’s an unwritten rule that the large investors who buy in these private funding rounds are supposed to get the best price for tokens, but ThunderCore has undercut private investors by 85% in their public sale. That could create problems long term, especially if the project intends on securing additional funding.
Business concerns aside, the technical team is a strong one, and they seem to have a good grasp on what they need to do to accomplish their goal of scalability, security, and decentralization in a blockchain.
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Panelists at global fintech company Finder have relayed a series of projections on the Cardano native token ADA. Despite the cryptocurrency’s slow growth recently, various crypto experts have predicted the price of ADA to surge to record highs soon.
Cardano Expected To Rise Above $3 by 2030 A recent survey of panelists at Finders has revealed the future outlook for the price of ADA. According to the report, Cardano is expected to witness a significant surge between the average of $5.37 and $3.15 by the end of the decade.
Supporting the cryptocurrency’s potential price growth, the Chief Operating Officer (COO) of Layer One X, Matiu Rudolph has predicted that the price of ADA could increase to $3.50 or higher by 2025. He has also predicted that the cryptocurrency could witness a rise to new all-time highs of $10 by 2030.
The COO has based his predictions on Cardano’s burgeoning ecosystem and robust community of supporters. He disclosed that the cryptocurrency’s loyal community was one of its greatest assets, fostering global adoption and boosting the value of the cryptocurrency.
Also speaking about Cardano’s future price outlook, the founder of Omnia Markets, Mitseh Shah has projected the price of ADA to surge to $2.75 by 2025. The fintech founder has given reasons for his price prediction, stating if the crypto market enters a bull run, Cardano could see its price rising to new highs.
“If next year’s Bitcoin halving leads to a bullish crypto market Cardano could well be taken along for the ride,” Nick Ranga, senior cryptocurrency and forex analyst at ForexTraders stated.
In a similar light, another panelist, Ruadhan O, creator of Seasonal Tokens has remained bullish on Cardano, expecting the cryptocurrency to surge to $2 by 2030. The crypto investor has disclosed that Cardano is likely to witness significant gains from Ethereum’s market share during the next crypto bull run.
Overall, predictions regarding Cardano’s price outlook seem to depend on the market’s performance and the possibility of a bull run. At the time of writing the cryptocurrency is trading at $0.65, reflecting an increase of 3.63% over the past week, according to CoinMarketCap.
ADA To Witness Major Price Drop Despite the optimistic forecast from a considerable number of Finder’s panelists regarding Cardano’s price, others have expressed opposite views, highlighting Cardano’s underperformance and inability to keep up with market expectations.
Josh Fraser, co-founder of Origin Protocol, Cardano and Joseph Raczynski, a futurist have predicted that the price of Cardano could plummet to zero by 2030 and 2025 respectively. Numerous other panelists who share similar pessimistic sentiments have revealed that Cardano’s lack of decentralized applications and failure to achieve global adoption was one of the key factors behind its foreseeable limited price growth.
ADA price at $0.65 | Source: ADAUSDT on Tradingview.com Featured image from CoinStats, chart from Tradingview.com
Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...
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April 3, 2024
Origin Protocol token holders have proposed to merge the protocol’s lesser known token Origin DeFi Governance “OGV” with its native decentralized finance (DeFi) Ethereum token OGN.
The OGN protocol is backed by Reddit co-founder and VC investor Alexis Ohanian, Taiwanese-born American YouTube co-founder Steve Chen, and Y Combinator president Garry Tan.
In an announcement, Origin Protocol said the move to integrate the tokens will improve Ethereum liquid staking. This allows anyone to share in the rewards of staking without having to maintain complex staking infrastructure.
“The proposal aims to unify Origin Protocol under a single token,” Matt Liu, co-founder of Origin Protocol told Cryptonews. “If both DAOs align on the merger, OGN will become the cornerstone of Origin’s ecosystem, fostering alignment among the community, investors, and core team for improved value creation,” said Liu.
“At a market capitalization of less than $15 million, the team and its investors feel that acquiring OGV while undervalued will serve as a value-creating event,” said Origin Protocol in a press release.
What Is Origin Protocol?
Origin Protocol is a blockchain platform designed to enable decentralized marketplaces and sharing economies and claims to cut out the middleman. It aims to disrupt traditional sharing economy companies like Airbnb and Uber by allowing buyers and sellers to interact directly without the need for intermediaries.
The platform utilizes smart contracts to facilitate transactions, reducing fees and increasing transparency. It also allows developers to build decentralized applications (dApps) on top of its infrastructure.
What Is a Token Merger?A token merger refers to the consolidation of two or more tokens into a single token. This process usually involves transferring the value, functionalities, and user base of the merged tokens into a newly created or existing token.
Token mergers can occur for various reasons such as improving liquidity, simplifying tokenomics, or merging projects to achieve a better synergy. It seems token mergers are becoming more common in the cryptocurrency space.
Origin Protocol highlights there are several notable token merger projects paving the way for innovative new realignments. There is the merger between Fetch.AI, and Ocean Protocol. Another involves SingularityNet with ChainGPT CEO Ilan Rakhmanov stating the merger will set new standards for the industry.
What Is the Origin Token?Origin Token (OGN) is an Ethereum token that powers the Origin platform, which aims to power decentralized and peer-to-peer marketplaces. OGN can be used for staking, governance, and advertising on the Origin platform.
The Origin Protocol white paper can be found here.
Origin Protocol went on to add if the OGN-OGV merger proves successful, it will set a benchmark for mergers and acquisitions within the DeFi space. The merger has generated a buzz within its community and the broader crypto space.
Origin Token (OGN) is an Ethereum-supported platform that combines NFTs and decentralized finance (DeFi) to create unique experiences and opportunities for users. Origin Token aims to bring NFTs and DeFi to the masses by providing simplified platforms for NFT issuance and stablecoin-based passive income. In this article, you can find answers to two frequently asked questions: What is Origin Token (OGN), and how to buy Origin Token (OGN) with TRY?
What is Origin Token (OGN)?Origin Token started as a decentralized e-commerce platform but later shifted its focus to NFTs and DeFi. The platform consists of two main components: NFT Launchpad and Origin Dollar (OUSD). Through these components, Origin Token empowers creators and users to interact with NFTs and DeFi in innovative ways, providing more control and accessibility to cryptocurrencies and financial opportunities.
NFT Launchpad is Origin Token’s marketplace for NFT issuance, designed to simplify the process for creators and provide unique experiences for users. Creators can customize their showcases, pricing models, and content to offer a wide range of digital products, collectibles, and experiences. This platform aims to democratize NFT creation and ownership, allowing creators to connect directly with their audiences and monetize their work in new ways.
Origin Dollar (OUSD) represents Origin Token’s entry into the DeFi ecosystem, offering users a stablecoin pegged 1:1 to the US dollar with the advantage of passive income. Unlike traditional stablecoins, OUSD holders can earn yields directly from their wallets without needing to stake or lock their funds. This passive income is generated through the automatic rebalancing of funds across various lending protocols, allowing users to participate in yield farming seamlessly.
The Origin Token ecosystem is governed by the OGN coin, which ensures the platform’s transparent auditing and development. OGN coin holders have a stake in the governance process, ensuring the platform evolves according to the community’s needs and priorities. This governance model fosters a collaborative environment where users can actively participate in shaping the future of Origin Token.
Origin Token offers users various advantages, such as greater control over NFT creation and ownership, simplified access to DeFi opportunities, and passive income with OUSD. By combining NFTs and DeFi on a single platform, Origin Token aims to democratize access to cryptocurrencies and financial services, empowering both creators and users.
How to Buy Origin Token (OGN) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Origin Token (OGN). On Binance TR, where accounts can be created quickly, more than 100 cryptocurrencies, including OGN, can be bought and sold. To buy Origin Token (OGN) with TRY on Binance TR, you can follow the steps below.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and continue from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and correctly, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be performed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone to perform identity verification from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your mobile phone camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, continue by tapping on the “Identity” option first.
Then, a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, continue by tapping on the “Upload Front” option. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload Back” option and take a photo of the back side of the document and upload it. When taking photos of the front and back sides of your ID card or driver’s license, make sure the images are clear and the information in the photo can be easily read.
Then, continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, ensure that your face fills the camera area as much as possible.
After completing all these steps correctly and completely, your identity verification process will be completed in a short time.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans accounts and make transactions without interruption. Deposits up to 50,000 TL can be made 24/7 with FAST from other banks. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.
Then, a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information displayed on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy OGN Coin with TL on Binance TR?After the deposit process, you can proceed to the OGN coin purchase step with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the page below will open. On this page, type “OGN” in the search section on the right side and click on the OGN/TRY option from the results to go to the OGN purchase page with TL.
Now the OGN trading page below will open. On this page, in the red-marked area, you need to enter the price at which you want to buy OGN in the first box and the number of OGN you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy OGN” button.
What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users supported by Binance’s core functions can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Chainge Finance has received a $13 million investment capital from two digital asset investment firms Gem Digital and Alpha Token Capital to augment cross-chain trading. The firm first announced plans to raise the fund in April.
Also read: DeFi Blue Chips: Which Tokens Doubled Their Volumes After Ethereum ETF Approval?
Of the two investors, Gem Digital Limited based in the Bahamas committed $10 million, while Alpha Token Capital (ATC) has vowed to pour in $3 million towards Chainge’s “mission to change the long tail exchange market.”
Chainge Finance Wants To Disrupt the Market Under the leadership of Najam Kidwai, Mike Lempress, and Dejun Qian, Chainge is looking at leveraging the investment to disrupt the long-tail market.
In an announcement on Monday, the cross-chain liquidity protocol revealed it received the funding to expand its services and make trading more accessible to users globally by leveraging AI.
“Our goal is to create a seamless trading experience across multiple blockchain platforms.”
Chainge CEO Dejun Qian
According to Chainge, the investment is also a thumbs-up of its vision of affording users seamless access to digital assets across numerous chains. This comes as interoperability has been cited as a key enabler in decentralized finance.
💥 Chainge has secured $13Million in investment from GEM Digital & Alpha Token Capital to supercharge our AI-Trading Protocol’s Expansion!
This leap is poised to drive sustained growth, bringing cutting-edge AI-driven solutions to a global audience
Plans To Break Blockchain Technologies Complexities Chainge has also indicated the $13 million investment will help it focus on breaking barriers in the digital assets space.
Also read: Chainage Set To Raise $13 Million Amid Expansion Plans
One of the major concerns in the industry is lack of interoperability, and this investment seeks to address that challenge.
Chainge says the new investment should enhance its ability to provide the necessary tools to navigate the complexities of blockchain technology “effortlessly.”
With the investment, the platform also seeks to capture the emerging opportunities in the digital asset industry and redefine cross-chain trading standards.
The Initial Expansion Initiative Initially, Chainge reportedly floated the idea to its community members to fund-raise from investment companies beginning of April.
The platform, which had about $100 million in total locked value, approached its token holders for approval to raise the funds.
A part of Chainge’s proposal entailed unlocking 50 million of its tokens called XCHNG into the market, which would represent an estimated 10% of its circulating supply.
Chainge did not declare the outcomes of the proposal although its community seems to have accepted the proposal hence the $13m investment.
Also read: PEPE’s Price Action: Are We Headed for a Hard Consolidation?
Apart from supporting Chainge’s growth and network expansion, the latest funding will increase the company’s visibility to global audiences.
Chainge also plans to channel part of the funding towards recruiting experts to guide the fusion between AI and emerging technologies.
Since 2021, the firm has made strides in the industry, growing into the most liquid cross-chain crypto trading platform, calling themselves the most “advanced DEX aggregator ever developed.”
In 2023, the platform integrated with Kapsa, a blockDAG focused on developing an open and scalable payment network.
Polygon‑incubated Katana has acquired veteran DEX IDEX to launch Katana Perps, folding a decade of exchange tech into its DeFi stack as it races Hyperliquid and dYdX for onchain derivatives volume.
Summary
Polygon‑incubated DeFi chain Katana has acquired veteran DEX IDEX to power Katana Perps, a new perpetual futures platform that natively integrates spot and derivatives trading. CEO Matthew Fisher says the goal is to “own more of the trading stack and the revenue that comes with it” as onchain derivatives volumes and always‑on markets surge. Market makers including GSR, Selini Capital, and Auros are seeding liquidity, positioning Katana as a full‑stack DeFi chain spanning spot, lending, launches, and perps. Katana, a DeFi‑focused Ethereum scaling chain incubated by Polygon Labs and trading firm GSR, has acquired decentralized exchange IDEX, using its infrastructure to launch Katana Perps, a perpetual futures venue built directly into the Katana app. The deal, announced on March 23, 2026, brings nearly a decade of exchange technology from the 2017‑founded DEX into Katana’s stack, with IDEX now “relaunching as Katana Perps” and serving as the native derivatives engine for the chain. “The goal is to own more of the trading stack and the revenue that comes with it,” Katana CEO Matthew Fisher said, calling the acquisition the “first major step” of his tenure as he formalizes the strategy he has led since joining the project.
Fisher argued that as crypto trading migrates to always‑on venues, infrastructure that blends CEX‑like performance with onchain settlement will define winners. “We’re building for 24/7 markets where price discovery happens onchain, not during bank hours,” he said, pointing to U.S. regulators’ recent signals about a path for crypto perpetual futures as an inflection point for the sector. Under the new setup, IDEX’s order book and AMM architecture becomes the backbone for Katana Perps, which routes spot liquidity, perps, and order flow through a single interface rather than siloing derivatives as a separate product.
A full DeFi stack with native perps Katana’s broader DeFi stack now spans four pillars: Sushi for spot trading, Morpho for lending, Kensei for token launches, and Katana Perps for leveraged derivatives, all coordinated by the KAT and vKAT token model. Over time, vKAT holders will be able to direct incentives toward perps markets and earn a share of fees, folding derivatives revenue into the same flywheel that powers spot and lending on the chain. At launch, Katana Perps is supported by major market makers GSR, Selini Capital, and Auros, which Fisher said were drawn by IDEX’s “nearly a decade” of live infrastructure and the chain’s performance‑oriented design.
Founded in 2017, IDEX was “the first decentralized exchange to combine a high‑performance matching engine with onchain settlement” and, through 2019, “consistently ranked first by trading volume and transaction count among all DEX protocols,” Katana noted. Bringing that stack in‑house lets Katana offer a more CEX‑like experience — deep API support, higher throughput, and tighter spreads — while keeping custody and settlement onchain.
Onchain derivatives arms race The acquisition lands as perpetuals DEXes are seeing rising volumes and attracting more professional flow, with venues like Hyperliquid, dYdX, and GMX competing to lock in whales and market makers. Recent crypto.news coverage has highlighted how new onchain products — from Hyperliquid’s HIP‑4 proposal for outcome markets to high‑stakes perps traders posting multi‑million‑dollar PnL — are pulling structurally sticky liquidity into derivatives rails. In that context, Katana’s decision to acquire rather than simply integrate a third‑party DEX is a clear statement: the chain wants to control its own economic engines instead of renting them.
As Fisher put it, “Owning perps is not just owning a product, it’s owning the heartbeat of your chain,” a line that neatly captures where the DeFi race is headed.
