Katana kupuje IDEX a spouští Katana Perps, jednotnou onchain platformu pro perpetual futures a spotové obchodování. Platforma je už v provozu s podporou market makerů včetně GSR, Selini Capital a Auros.
Katana, a decentralized finance blockchain developed under the guidance of Polygon Labs and GSR Markets, has acquired IDEX and introduced Katana Perps, a unified onchain perpetual futures and spot trading platform, according to a statement shared by the team on Monday.
The deal is the first major strategic action under newly installed chief executive Matthew Fisher, who aims to consolidate more of Katana’s trading infrastructure and revenue under one stack.
“As always-on markets become the default venue for real-time price discovery and the regulatory environment opens a path for onchain perpetuals, the infrastructure layer needs to be in place now. That is what we are building,” Fisher said in a statement.
IDEX launched in 2017 and was among the first decentralized exchanges to pair a high-speed order matching engine with onchain settlement. It held the top position among Ethereum-based DEXs by trading volume and transaction count through 2019.
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That operational history now provides the backbone for Katana Perps.
The platform is live with backing from market makers including GSR, Selini Capital, and Auros, offering leveraged trading, directional exposure tools, and integrated liquidity for both crypto-native traders and institutional participants seeking round-the-clock access to derivatives markets.
Decentralized perpetual futures have grown quickly The announcement comes as regulatory signals in the US suggest increasing acceptance of crypto perpetual futures and as the markets continue to shift toward always-on, 24/7 trading environments.
According to CoinGecko, cumulative trading volume across decentralized perpetuals venues reached roughly $6.7 trillion during 2025, a 346% increase over the prior year.
Hyperliquid, the market leader, accounted for roughly $2.9 trillion of 2025’s decentralized perps volume and commands more than 55% market share among top DEXs, driven in part by a widely discussed token airdrop.
When geopolitical tensions involving Iran rattled energy markets earlier this month, oil futures trading on Hyperliquid surged to $7.3 billion by March 13, illustrating how participants increasingly turn to 24/7 decentralized platforms for real-time price discovery.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Zignaly, the premiere platform for connecting users with top digital asset managers, has announced that its founders have made the strategic decision to extend the lock-up on their $ZIG tokens until January 2026, a year later than originally planned.
This decision underscores their unwavering commitment to ZIGChain, the Layer-1 blockchain designed to democratize wealth generation, making investment opportunities accessible to everyone.
“By extending the lock-up on our $ZIG tokens, we emphasize our commitment to the community and the mission of ZIGChain,”
said Bartolome R. Bordallo, Co-Founder and CEO of Zignaly.
“This decision is about fostering equal investment opportunities and ensuring long-term sustainability for all stakeholders. Together, we are building a more inclusive financial future that benefits everyone.”
ZIGChain, Zignaly’s Layer 1 blockchain, represents the next evolution in democratizing wealth-generation opportunities. By offering an infrastructure for developers to build decentralized wealth-generation protocols and fund managers to deploy advanced strategies, ZIGChain is disrupting the way institutions and retail investors can invest. The Blockchain’s $100M Ecosystem Fund, supported by DWFLabs and UDHC Finance, aims to drive further innovation within the WEB3 space.
The choice to maintain the lock-up also aligns with the company’s focus on creating equal financial opportunities for all participants within the ZIGChain ecosystem, ensuring that the project’s core values remain intact. It also significantly changes the company’s tokenomics, leading to lower supply in the market as founder tokens remain locked.
This extension excludes the founders’ donation of 100 million $ZIG tokens to the ZIGChain Foundation. Starting January 2025, these tokens will continue to vest over a 30-month period, following a linear release schedule. The vesting plan aims to empower the ZIGChain ecosy
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
ZIGChain, the layer-1 blockchain developed by social investment platform Zignaly, has announced that its testnet is now live.
The testnet will allow developers to explore, build and test decentralized finance and real-world asset tokenization solutions aimed at democratizing wealth generation and access, the L1 noted.
The price of ZIGChain (ZIG) token rose following the announcement. Data from crypto.news showed that ZIG’s price was up more than 11% at the time of writing, hovering near $0.11. The token previously reached highs of $0.17 in December 2024, a rally fueled by the platform’s massive buyback and burn program.
Recently, ZIGChain revealed its 44th burn event had permanently removed 43,771,804 ZIG tokens from circulation.
According to Zignaly, ZIGChain, built with the Cosmos SDK, enables developers to leverage features such as Token Factory and a decentralized exchange
The former offers support for asset creation while the DEX feature allows for liquidity operations, with these optimized for scalability. The testnet also supports interoperability via compatibility with the Inter-Blockchain Communication protocol.
ZIGChain will implement a phased approach for the testnet, introducing new features and capabilities over time. This approach aims to provide developers with expanded functionality and integrations as they experiment with DeFi and RWA solutions.
The testnet goes live days after blockchain security platform SCV Secuity announced they had completed an audit of ZIGChain’s pre-testnet blockchain. SCV said the successful audit meant the Cosmos-SDK build L1’s public testnet wasn’t far off.
ZIGChain celebrated a major milestone today, flipping the switch on its mainnet beta and officially entering what the team calls “Genesis Day.” After weeks of rigorous testing—and plenty of late nights for developers—the blockchain is now live, ready to power everything from decentralized exchanges to real-world asset tokenization. If you’ve ever tried to navigate traditional finance or shoehorn it into a blockchain context, you know how messy it can get.
Abdul Rafay Gadit, ZIGChain’s co-founder, said, “Accessing reliable and transparent investment infrastructure has historically been difficult, not just for retail users, but even for experienced managers. With ZIGChain, we’re taking a meaningful step toward changing that by focusing deeply on real-world assets as the foundation for long-term, scalable wealth generation. We aim to equip developers with the tools they need to start building programmable protocols designed to align with applicable law that bridge traditional assets with blockchain technology.”
From Vision to Reality Behind the scenes, there’s serious firepower: a $100 million ecosystem fund fueled by DWF Labs, UDHC Finance, and Disrupt.com, plus the pedigree of Zignaly—the social investment platform that already connects over 600,000 users with more than 150 fund managers. Those users, Gadit points out, helped shape ZIGChain’s core features, like native staking, cross-chain bridges, and an institutional-grade validator network.
Co-founder and CEO Bart Bordallo sums it up: “This mainnet beta launch represents a shift from vision to foundation. We’ve built a high-performance, interoperable architecture that can handle the complex requirements of DeFi, RWA tokenization, and automated investment protocols at scale. The infrastructure includes our validator network, cross-chain bridge capabilities, and native staking mechanisms – all designed for institutional-grade security and compliance. We’re excited to see developers leverage these technical foundations to build the next generation of financial applications.”
Over the next few weeks, you’ll see ZIGChain roll out its Hub for staking and validation, connect its bridges for seamless $ZIG migration, and fire up its full validator roster. Even before the dust has settled, a handful of eye-catching projects are gearing up to go live:
Oroswap, a DEX you can literally chat with—thanks to its AI-driven conversational interface.
Valdora Finance, offering liquid staking natively on ZIGChain, so you can earn rewards without locking your tokens away forever.
Permapod, a lending protocol that accepts tokenized real-world assets as collateral—think art, property, or even specialty equipment.
Nawa Finance, designed from the ground up to meet Shariah-compliance standards for users seeking ethical DeFi. These projects aren’t just shiny demos; they’re the first wave of builders betting their reputations on ZIGChain’s promise: a legal-ready, high-performance Layer 1 that plays nicely with existing regulations and institutional demands.
Back in April, at the ZIGChain Summit in Dubai, the team also unveiled Zamanat—the world’s first Shariah-compliant real-world asset tokenization platform—and launched a $25 million DeFAI Innovation Fund. That event highlighted the chain’s dual focus on ethical finance and on-chain programmability, setting the tone for an ecosystem that welcomes everyone, regardless of income, tech skills, or location.
Today’s launch isn’t the finish line, but it’s a big first lap. As more applications go live and the network fills with real assets, ZIGChain hopes to prove that decentralized wealth generation can be both powerful and inclusive. If you’re curious to see what comes next, keep an eye on their GitHub—and maybe clear your calendar for a few late-night coding sessions.
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Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
ZIGChain announces an integration with Ondo Finance to bring Ondo’s tokenized stocks and ETFs to users across ZIGChain’s ecosystem
ZIGChain, the blockchain built to bring investment products onchain for institutions and everyday users, today announced an integration with Ondo Finance, which pioneered the tokenization of institutional-grade real-world assets, to bring Ondo tokenized stocks & ETFs to ZIGChain, extending their shared vision of accessible onchain exposure to publicly traded US securities to a new generation of users through ZIGChain.
Ondo Finance has done something genuinely difficult: taking securities and making them available as programmable, onchain products. That breakthrough matters most when it reaches the widest possible audience. ZIGChain provides infrastructure through which that reach expands by bringing Ondo-tokenized products to users across the GCC and beyond on the ZIGChain ecosystem.
For ZIGChain, this integration is a direct expression of its founding mission. Not to build new financial products for those who already have access, but to take the best existing ones — the instruments that generate real, reliable yield — and make them available onchain, to anyone.
“The next phase of onchain finance is not about replicating access that institutions already have. It is about taking those instruments and making them genuinely accessible to a broader universe of participants, through transparent, scalable onchain infrastructure, without the minimums and intermediaries that have always stood in the way,” said Abdul Rafay Gadit, Co-Founder, ZIGChain. “Ondo has done the hard work of bringing these products onchain. ZIGChain is the infrastructure through which that reaches a new generation of users. For us, this is deeply aligned with our mission: to make high-quality financial opportunities more open, more programmable, and more globally accessible.”
“Bringing tokenized US stocks and ETFs to new ecosystems and user bases is core to what the Ondo Global Markets platform enables. ZIGChain’s infrastructure gives investors across the GCC onchain exposure to the world’s most in-demand securities, with the execution quality and transparency that institutional markets demand. This is exactly the kind of distribution that expands the reach of tokenized finance where it matters most” said Oya Celiktemur, EMEA Director, Ondo Finance.
Access to Ondo-tokenized products through ZIGChain will roll out in phases beginning at the end of May, with initial availability across selected ecosystem applications and partners, expanding over time.
The integration does not constitute a token launch or guarantee of yield or returns. Underlying assets are issued by Ondo Global Markets (BVI) Limited. ZIGChain does not custody underlying real-world assets. All investments carry risk.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
VeChain spustil svůj první cross-chain most s Wanchainem, který propojuje jeho ekosystém s více než 40 blockchainy. Tím chce rozšířit DeFi a zvýšit likviditu.
London, 10th July, 2025 – Leading enterprise blockchain platform, VeChain, announces the launch of its first-ever cross-chain bridge with Wanchain, the industry’s longest-running decentralised interoperability solution. The bridge connects the VeChain ecosystem with over 40 major blockchains.
VeChain is an enterprise blockchain platform that ranks among the top 50 most valuable chains, with a market cap exceeding $1.8 billion and has initiated significant changes in 2025. With VeChainThor as its Layer 1 blockchain, VeChain is creating a new DeFi ecosystem utilizing its tokens, VET, VTHO, and B3TR.
VeChain has also formed a partnership with Visa to introduce the Stella Pay card, allowing users to spend their tokens at any point of sale. The company has achieved MiCAR compliance to operate in Europe and launched a new staking platform with over $84 million in assets, following SEC guidelines. All these moves are aimed at achieving greater adoption while complying with the regulations of each region.
Powered by its partnership with Wanchain, VeChain plans to enhance its DeFi capabilities by enabling interoperability across various chains and increasing liquidity within its ecosystem. The Wanchain Bridge is estimated to compete in volume with the top 10 most-used bridges, according to DefiLlama.
Commenting on the cross-chain bridge launch, Sunny Lu, CEO of VeChain, said:
“Thanks to the Wanchain Bridge integration, VeChain is breaking down the barriers of blockchain isolation, connecting VeChainThor to 40 major chains like Ethereum, Bitcoin, and Solana.
“This milestone unlocks unprecedented liquidity and DeFi opportunities for $VET, $VTHO, $B3TR, and beyond, enabling enterprises and users to engage seamlessly in a truly interconnected Web3 ecosystem. We are not just bridging chains, we are building the future of global tokenized adoption.”
With the support of Wanchain’s cross-chain interoperability solutions, VeChain integrates with the most prominent DeFi applications, including swaps, lending, staking, liquidity pools, and more, from 40 different chains. All the DeFi apps currently have a total value locked (TVL) of more than $116 billion and are now connected to VeChain thanks to the Wanchain Bridge.
Wanchain is a platform of interchain bridges that powers interoperability by connecting over 40 major networks, including Bitcoin, Ethereum, and now VeChain. Its secure, non-custodial bridges, built with Secure Multiparty Computation and Shamir’s Secret Sharing cryptography, enable seamless asset transfers for DeFi and Web3 ecosystems. It boasts an industry-leading security track record, with zero exploits reported since its launch in 2017. Wanchain has processed hundreds of thousands of transactions and billions in cross-chain volume to date.
Commenting on the VeChain integration, Temujin Louie, CEO of Wanchain, said:
“Partnering with VeChain to launch their first-ever cross-chain bridge is a game-changer for blockchain interoperability. This integration connects VeChainThor to the most used chains, unlocking seamless asset transfers and fueling DeFi innovation.
We’re thrilled to empower VeChain’s ecosystem with Wanchain’s secure, battle-tested infrastructure, driving real-world adoption and creating new opportunities for users and enterprises alike.”
These integrations mark a milestone for VeChain, solidifying its position as a leading enterprise blockchain platform committed to regulatory compliance and seeking widespread adoption.
With Wanchain’s secure and robust cross-chain technology, VeChain is poised to unlock new opportunities in the DeFi industry, fostering a more interconnected and accessible blockchain ecosystem.
About Wanchain
Wanchain is a global leader in decentralised blockchain interoperability and creator of the blockchain industry’s first decentralised cross-chain bridge. Since its founding in 2017, Wanchain has remained committed to driving blockchain adoption by establishing a unified decentralised network of blockchains built on industry-wide standards and specifications. Wanchain’s cross-chain infrastructure, renowned for its engineering rigor and industry-best uptime, empowers developers to build truly decentralised cross-chain applications to power the future of Web3. Today, this decentralised infrastructure supports countless products across dozens of EVM and non-EVM networks.
For more information, visit wanchain.org.
About VeChain
VeChain is a leading blockchain Foundation for enterprise applications. VeBetterDAO, VeChain’s new sustainability app platform, is unleashing a revolution for how society drives action on sustainability, from end-users to enterprise to institutions.
For more information, please visit: https://vechain.org.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Ripple’s RLUSD stablecoin is now available in the Cardano ecosystem through an integration by the cross-chain bridge Wanchain. This development comes amid the Cardano ecosystem’s plans to integrate more stablecoins on the network, while Ripple is also eyeing expansion of its stablecoin beyond the XRP Ledger (XRPL) and Ethereum.
Ripple’s RLUSD Now Available On The Cardano Network In an X post, Wanchain revealed that its cross-chain bridge now supports the RLUSD stablecoin. With the integration, users will be able to bridge the stablecoin directly from the XRPL network to the Cardano network. Furthermore, they can bridge the stablecoin from Ethereum to Cardano.
Additionally, users can bridge Ripple’s RLUSD stablecoin on XRPL or Ethereum to Wanchain and then route it from the bridge to the Cardano network. The bridge also enables bridging from the XRPL to the top Layer-1 network, Ethereum.
It is worth noting that RLUSD is currently issued natively only on the XRPL and Ethereum networks. However, Ripple announced plans last year to expand the stablecoin to Ethereum layer-2 networks, including Base, Optimism, Unichain, and Ink. The firm also noted that testing on these chains will begin in partnership with Wormhole.
RLUSD currently ranks as the 8th largest stablecoin, with a market cap of $1.5 billion. Most of the stablecoin’s supply currently sits on the Ethereum network, while 382 million tokens are in circulation on the XRP Ledger.
Boost For Cardano’s Ecosystem Ripple’s RLUSD becomes the second tier-1 stablecoin available to Cardano users, following USDC’s launch on the network earlier this year. It is worth noting that Cardano’s stablecoin market cap has climbed to $50 million following the launch of USDC.
The network’s DeFi TVL had also climbed when USDC launched on the network and could rise again, with network users now able to access RLUSD through the cross-chain bridge. Interestingly, Cardano’s founder, Charles Hoskinson, has long teased plans to integrate RLUSD natively into the network, though that has yet to happen.
Meanwhile, amid RLUSD gaining access to the Cardano ecosystem, Cardano stakeholder Input Output has put nine proposals forward in a bid to scale the network. Notably, none of them focuses on stablecoin integrations, with the highlight being the Leios upgrade, which developers aim to use to scale the network to 27 million monthly transactions by 2030.
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The Artificial Superintelligence Alliance (ASI) kicked off phase 1 of its token merger process. The project recently announced the beginning of the migration process with the delisting of Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto exchanges. However, FET is facing some pressure following its rebranding and supply update.
ASI Token Merger Phase 1 Begins On July 1, the ASI alliance and Fetch.AI (FET) announced the multi-token merger to unify OCEAN, AGIX, and FET. As part of phase 1, withdrawals and deposits with OCEAN and AGIX would close in preparation for the migration to FET.
Additionally, the delisting process from crypto exchanges would begin for the two tokens. Meanwhile, FET would continue to trade as usual, with spot and perpetual trading continuing under the same tricker.
The initial phase of the merger aims to “onboard exchanges and data aggregators for a smooth transition.” Fetch.AI saw a rebrand across platforms. The project took the Artificial Superintelligence Alliance name and logo but kept its ticker.
Moreover, the ASI alliance opened a migration platform on the SingularityDAO dApp to help users migrate their tokens. Some crypto exchanges, including Kraken and Coinbase, revealed they would not support customers on the ASI token merger.
Kraken announced that the trading of OCEAN and FET will continue to be supported on the platform until further notice. The exchange also noted that users must withdraw their tokens to a self-custodial wallet to migrate them.
Similarly, Coinbase informed its users that it chose to “not execute the migration of these assets on behalf of users.” Both exchanges also clarified they would not support the eventual migration from FET to ASI.
FET Retraces Following Rebrand After updating the token’s name, supply, and market capitalization, FET flipped Render (RNDR) in the AI tokens sector. According to CoinMarketCap data, the token is now the 27th largest cryptocurrency by market cap, with $3.38 billion.
Following the rebrand, FET’s price dropped similarly to when the token merger delay news was released. At the time, the merging tokens saw an 8-10% price decline following the rescheduling of the merger. The delay was attributed to logistical and technical issues.
FET fell from the $1.4 support zone on Monday to $1.27, a 9.7% drop in 12 hours. However, the AI token has recovered the $1.3 mark, currently trading at $1.33, representing a 3.6% decline in the last 24 hours.
Some market watchers found this performance disappointing. Some investors believe it might be best not to get involved until the merger is completed. Sjuul Follings, crypto trader and founder of Alt Crypto Games expressed his disappointment with the token’s recent fakeout.
Per the trader, he was optimistic about the late June price action, believing the token was about to break out and expand ahead of the ASI alliance. Nonetheless, FET could not reclaim the $1.8 support zone and retraced to the $1.4 support level over the weekend.
Despite the bearish trend, investors remain optimistic about the token’s future as the merger’s phase 1 is only starting. Some investors forecast a short-term price target of $5 for ASI and a long-term goal of $13.
FET is trading at $1.33 in the weekly chart. Source: FETUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Singapore, March 20, 2025 — Kraken, one of the world’s leading cryptocurrency exchanges, today announced the listing of APENFT (NFT), a key token in the TRON ecosystem. The listing introduces APENFT/USD and APENFT/EUR trading pairs. In addition to the listing on Kraken, a Reef Program airdrop campaign of $90,000 worth of APENFT tokens has been launched.
Launched by the APENFT Foundation in 2021, APENFT uses TRON’s fast and low-cost blockchain to bring top-tier artworks on-chain and support the growth of the NFT ecosystem. As of March 2025, with over $430 million in market cap and more than 2.16 million unique holders, APENFT has become a leading force in the digital collectibles space. APENFT is now listed on over 30 major global exchanges, including HTX, OKX, and Poloniex.
Since its launch, the project has reached several important milestones:
May 2021: Initiated an NFT airdrop program for TRON mainnet token holders, reaching millions of TRX users.
December 2021: Collaborated with Christie’s and Sotheby’s to tokenize masterpieces by Picasso and Andy Warhol.
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2023: Debuted APENFT Marketplace, now becoming the leading NFT trading platform on the TRON chain supporting hundreds of emerging artists through the Art Dream Fund.
September 2024: APENFT Collaborated with SunPump to launch NFT Pump, the first fair-launch NFT tool in the TRON ecosystem, allowing users to mint NFTs at low cost using TRX.
Q1 2025: Released NFT Pump 2.0, introducing the TRC404 standard for fractionalized NFT trading to enhance liquidity and user experience.
The listing of APENFT (NFT) on Kraken marks a significant step in its global expansion, offering increased exposure and access to institutional and retail investors across North America, Europe, and Asia-Pacific. With NFT/USD and NFT/EUR trading pairs now available, APENFT gains direct entry into key fiat markets.
The launch is further supported by a $90,000 airdrop through the Reef Program, designed to boost engagement and broaden its appeal beyond the TRON ecosystem. Known for its high compliance standards and strong security, Kraken provides an ideal platform for APENFT to strengthen its credibility and reach.
APENFT officially launched on Kraken on March 20, 2025, marking a significant milestone in its path toward global adoption and broader market accessibility.
About APENFT
APENFT Marketplace is an NFT trading platform native to the TRON blockchain, launched by the APENFT Foundation, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS). NFT Pump (APENFT) is a leading innovator in the NFT space, providing a one-stop platform geared with a complete suite of tools to empower creators, collectors, and projects alike. From launching NFT Pump 1.0 and 2.0 to establishing the TRC404 standard, NFT Pump (APENFT) is revolutionizing how NFTs are created, traded, and experienced on the TRON network.
The APENFT utility token $NFT is the official governance token issued by the APENFT Foundation. It is a decentralized digital asset that is backed by TRC-20 protocols, and serves as proof of rights on APENFT.
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Singapore, April 8, 2025 — Kraken, one of the world’s leading cryptocurrency exchanges, has announced the listing of WINkLink (WIN) for spot trading, with new WIN/USD and WIN/EUR trading pairs. WINkLink is the first comprehensive oracle of the TRON ecosystem. The listing comes alongside the launch of the Reef Program, an airdrop campaign of $90,000 in WIN tokens.
WINkLink, launched in 2019, is the first decentralized oracle platform in the TRON ecosystem, providing secure and efficient off-chain data services for smart contracts. WINkLink connects data between TRON’s blockchain and centralized systems, supporting decentralized finance (DeFi) and decentralized applications (DApps). As the governance token, WIN (TRC-20) drives the WINkLink ecosystem, enabling holders to participate in governance and earn rewards. As of April 2025, WIN’s market cap is approximately $43 million, with listings on major exchanges like KuCoin and OKX.
WINkLink has grown significantly since its launch reaching several milestones:
August 2019: WINkLink was introduced as TRON’s first decentralized oracle project, aiming to bridge smart contracts with real-world data.
April 2021: The WINk team completed the acquisition of JustLink.io, establishing WINkLink as the first comprehensive oracle in the TRON ecosystem.
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2022: WINkLink joined TRON’s BitTorrent Chain (BTTC) cross-chain ecosystem, enhancing interoperability with Ethereum and BNB Chain.
2023: Established a network of decentralized nodes, improving data reliability and security.
October 2024: Launched Automation and Any API Beta, streamlining DApp development and improving on-chain operational efficiency.
January 2025: Any API Data Feeds goes live, enhancing data transmission security with multi-layer encryption.
The listing of WINkLink (WIN) on Kraken marks a key milestone in the token’s global expansion, with its exposure and access to institutional and retail investors across North America, Europe and Asia-Pacific. Having WIN/USD and WIN/EUR trading pairs now available, it gives the opportunity for direct entry into major fiat markets.
Aimed at boosting the engagement and attracting a wide audience to the WINkLink ecosystem, an airdrop of $90,000 worth of WIN tokens through the Reef Program will be launched simultaneously. This listing on kraken is expected to drive new growth momentum for WINkLink, particularly with innovative features like Any API Data – Feeds. Fueling development and adoption of the TRON ecosystem following the listings of APENFT, JST, SUN and STEEM on Kraken.
About WINkLink
As the first comprehensive oracle on the TRON blockchain, WINkLink fully integrates the real world with the blockchain space, provides reliable and verifiable random numbers, and fully restores trust and improves user experience by tapping into data, events, and payment systems from the real world. WIN, a TRON-based TRC-20 token, is the governance token of the WINkLink oracle network, and has been listed on Binance, OKX, KuCoin, Poloniex, Bitget, and many other well-known international exchanges.
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Victor
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Alchemy Pay se spojila s Reef a přidává fiat-to-crypto on-ramp do webu i peněženky Reef. Uživatelé ve 173 zemích tak budou moci snadněji kupovat $REEF i další digitální aktiva.
Alchemy Pay, a global payment gateway from fiat to crypto, has announced its strategic partnership with Reef. This collaboration aims to introduce the world’s leading fiat-crypto on-ramp into the Reef website and wallet. This initiative strives to empower users of 173 countries, giving them the authority to easily buy $REEF tokens along with other digital assets.
Reef, a Layer-1 blockchain empowering Web3 accessibility, through this incentive, is set to make cryptocurrency more accessible. So, the integration aims to enable the audience worldwide to bridge the gap between traditional finance and Web3. Alchemy Pay has announced the news through its official X account.
Alchemy Pay and Reef Pave the Way for $REEF Token Accessibility Alchemy Pay leverages its fiat-to-crypto gateway to empower the $REEF token on Reef Chain. It means that the global users can utilize their local fiat currencies to purchase the $REEF token. They can use trusted payment methods like Visa, Mastercard, Apple Pay, Google Pay, bank transfers, and regional mobile wallets.
Alchemy Pay provides localized yet regulated payment options, making the onboarding process more compliant and secure. This initiative aims to mitigate entry barriers for crypto newcomers. Through this development, Reef wants to cement its reputation, empowering developers and users through seamless access to the decentralized web. Reef’s user-friendly ecosystem includes ReefSwap, Reef Chain Wallet, and ReefScan.
Alchemy Pay to Foster Web3 Adoption Worldwide Reef blends Alchemy Pay’s global payment rails to solidify its position as a blockchain network, promoting mass adoption. Through an effortless fiat-crypto conversion, both users and developers will benefit by making web applications more accessible. There is a continuous demand for compliant, smooth, and frictionless blockchain entry points. So, the Alchemy Pay and Reef partnership is a perfect example of boosting mainstream crypto adoption.
Through this groundbreaking incentive, Alchemy Pay and Reef are poised to highlight their shared vision of creating more approachable decentralized technologies. The $REEF token is just a few clicks away from users around the world. So, Reef is excited to consider new participants to expand the Web3 ecosystem.
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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.
Zcash dokončil nouzový dvoufázový upgrade, který opravil kritickou chybu v Orchard shielded pool a obnovil důvěru v síť. ZEC se po propadu o zhruba 50 % začíná zotavovat.
Zcash has completed a two-phase emergency network upgrade to fix a critical vulnerability in its Orchard shielded pool — a flaw that sat undetected for four years, could theoretically have allowed unlimited undetectable counterfeit ZEC creation, and triggered a 50% price collapse before the network’s swift response began restoring confidence and driving a recovery in ZEC’s price.
Josh Swihart, CEO of Electric Coin Company — the primary developer of Zcash — posted on X on June 7 confirming the fix was complete and the network secure, as ZEC began its recovery from the lows reached after the vulnerability’s disclosure.
The post arrived at a critical moment for the asset: ZEC had crashed approximately 50% from a June 4 peak of $624 to $309 on June 5, wiping more than $3 billion from its market capitalization, per the BitMEX Blog’s documented timeline of the incident.
ZEC's price trends to the upside over the past 48 hours, as seen on the daily chart. Source: ZECUSD on Tradingview How The Zcash Bug Was Found — And What It Was The vulnerability was discovered on May 29, 2026 by security researcher Taylor Hornby during a protocol audit commissioned by Shielded Labs. Hornby identified a “soundness” flaw in Zcash’s Orchard zero-knowledge proof circuit — specifically an under-constrained element in the Orchard Action circuit that could allow invalid state transitions, creating a theoretical double-spending risk within the shielded pool.
The discovery was made using Anthropic’s Claude Opus 4.8 AI model alongside a custom analysis suite, per Shielded Labs’ official disclosure. Hornby and the AI developed a working proof-of-concept that successfully generated unlimited, completely undetectable counterfeit ZEC in a local test environment — described by one independent analyst as “about the worst kind of bug a cryptocurrency can have,” per Yahoo Finance’s reporting of the disclosure.
Critically, the flaw did not permit inflation of the total ZEC supply on the live network. Zcash’s internal turnstile accounting mechanism — which tracks the total value moving into and out of the shielded pool — confirmed no unauthorized value creation occurred while the flaw was active, per Shielded Labs’ official statement.
However, the organization acknowledged directly that due to the privacy properties of Orchard and the nature of the bug, there is no definitive cryptographic way to determine whether exploitation occurred — a limitation inherent to the shielded pool’s design that became its own source of market concern. The vulnerability had been present since Orchard’s activation in May 2022 — four years — without detection.
The Emergency Response Zcash’s development ecosystem responded with unusual speed. The first phase was an emergency soft fork deployed through Zebra 4.5.3, activated at block 3,363,426 on June 2, which temporarily disabled all Orchard transactions to remove the attack path while developers prepared the permanent fix.
Transparent and Sapling transactions continued operating normally throughout, per the Zcash Foundation’s official announcement on X. The second phase arrived on June 3 through the NU6.2 hard fork — activated at block 3,364,600 via Zebra 5.0.0 — which introduced a corrected circuit and a new verifying key, patching the flaw and re-enabling Orchard transactions, per the Foundation.
The market’s initial reaction to the hard fork was positive. ZEC rose from $544 on June 2 to $603 on June 3, continuing to $624 on June 4 — its highest level since the rally began. Then Arthur Hayes publicly disclosed he had exited his entire ZEC position intraday on June 4 — the same day as the peak — citing five macro factors including higher energy prices and upcoming AI IPOs, per his X post covered in prior reporting. The combination of Hayes’ exit and lingering uncertainty about whether exploitation had occurred before the patch sent ZEC to $309 on June 5.
The Recovery And What It Means Swihart’s June 7 X post — reassuring the community that total ZEC supply remained intact throughout and that the network had passed through the emergency without confirmed exploitation — appears to have been the catalyst for the recovery now underway. The swift two-phase response, combined with the Foundation’s transparent disclosure and Swihart’s direct communication, provided the confidence signal the market needed.
This development marks a pivotal and genuinely uncomfortable moment for Zcash’s long-term positioning in the nascent sector. A four-year-old vulnerability in the Orchard pool — the very component that defines ZEC’s core privacy value proposition — has been fixed cleanly and without confirmed exploitation.
But the structural irony that the privacy properties that make Zcash valuable also make it impossible to confirm the vulnerability was never used will remain a question mark the community will need to address as the recovery continues.
As of this writing, ZEC trades at around $430, recovering from its June 5 lows as confidence in the network’s security response gradually rebuilds.
Cover image from Grok, ZECUSD Chart from Tradingview
VanEckův tokenizovaný fond VBILL je nyní na Euleru a umožňuje použít tokenizované americké státní dluhopisy jako on-chain kolaterál. Krok ukazuje, jak DeFi přizpůsobuje platformy institucím a regulovaným aktivům.
VanEck's tokenized fund, issued by Securitize, is now live on DeFi lending platform Euler, allowing investors to use tokenized U.S. Treasuries as onchain collateral.The move underscores how DeFi protocols are redesigning their platforms to accommodate institutions and regulated assets, Graham Ferguson, Securitize's head of ecosystem, said.Standard Chartered, BCG and Ripple suggest the tokenized asset market could scale into trillions of dollars over the next decade, pushing DeFi to balance openness with traditional compliance demands.Decentralized finance (DeFi) protocols built for crypto assets are increasingly retooling themselves for Wall Street, and VanEck's tokenized Treasury fund arriving on lending platform Euler is the latest example of that shift.
Securitize (CEPT), issuer and tokenization specialist behind VanEck's VBILL Treasury fund, said Thursday that the product is now live on Euler lending markets.
The move allows investors to use tokenized U.S. Treasuries as collateral to borrow and deploy liquidity elsewhere onchain while maintaining compliance limits tied to the asset.
The move highlights how DeFi protocols are evolving as institutional investors push deeper into tokenized finance. Platforms that once centered around permissionless crypto assets are beginning to redesign their architecture for regulated products such as tokenized money market funds and private credit.
Tokenized U.S. Treasuries have become one of the fastest-growing sectors in crypto, topping $15 billion in assets swelling 150% in a year, according to RWA.xyz data. Global asset managers including BlackRock, Franklin Templeton and Janus Henderson have all launched blockchain-based Treasury and money-market products aimed at institutions seeking yield-bearing onchain collateral.
But that's still a fraction of the potential how big asset tokenization could become. Standard Chartered projected $2 trillion in tokenized assets by 2028, while BCG and Ripple forecasted a $18.9 trillion market size by 2033.
Read more: Tokenization push could pull trillions of dollars into DeFi, StanChart says
"The really exciting thing is that there are protocols now that are excited to integrate permissioned assets," Graham Ferguson, Securitize's head of ecosystem, told CoinDesk. "This is something that previously had not been the case."
Euler, which currently has over $320 million in assets on its platform, pivoted earlier this year toward institutional use cases after originally operating as a fully permissionless lending protocol. Rival platform Aave also launched Horizon, its real-world asset platform focused on institutional borrowers and tokenized collateral.
Euler integrated Securitize’s DS Protocol earlier this year, allowing tokenized securities to interact with lending markets while preserving investor eligibility requirements and transfer restrictions. Pricing data for VBILL is supplied through RedStone oracles.
The challenge for DeFi protocols, according to Securitize's Ferguson, is balancing crypto’s open infrastructure with the compliance expectations of traditional finance firms.
"As more serious institutional investors are exploring the space, they need to have certain protections and permissions that they’re used to in traditional finance," Ferguson said.
"DeFi Protocols are finally waking up to the fact that if they want to welcome in this capital, they’re going to have to change their ways," he added.
Unlink se integruje s Eulerem a přidává institucionálnímu lendingu transakční soukromí. Instituce tak mohou na Euler vaults půjčovat a spravovat pozice bez veřejného odhalení své aktivity.
Unlink is integrating with Euler to bring transaction privacy to institutional lending.
The integration routes capital into Euler vaults through @unlink_xyz’s privacy layer, a smart contract deployed to existing chains supported by Euler.
Institutions will be able to supply, borrow, and manage positions while reducing the public link between their wallet and the vaults they use, the activity they take, and the size of those positions.
Onchain lending is public by defaultPutting capital onchain can expose more than a transaction. It can reveal which vaults a desk supplies into, how much capital sits in each, and how those allocations change over time.
Given an address, an outside observer can infer strategy from public transaction history. Position sizes can signal conviction. Reallocations can show how a desk is changing its view. For institutions managing meaningful size, that visibility can be a reason not to participate.
Unlink reduces that exposure by routing activity through a privacy layer.
Organizations can hold accounts, move tokens, and interact with smart contracts while keeping balances and transaction history out of the normal public transaction path.
With Euler, that model is being applied to onchain lending for the first time.
What this will enableInstitutions will be able to supply to and borrow from Euler vaults without making vault selection public.
Position sizes and rebalancing activity can pass through Unlink’s privacy layer instead of being exposed through the normal public transaction path. The integration uses Unlink’s existing contract-interaction flow, with no new chain and no bridge.
Builders will be able to offer private access to Euler vaults through the Unlink SDK, in either non-custodial or custodial form.
Why EulerEuler’s vault architecture is becoming a natural fit for institutional lending infrastructure because it lets teams create isolated markets with explicit parameters for collateral, pricing, interest rates, and liquidation. Unlink can add privacy around user activity without changing how the market works underneath.
The vault remains a standard Euler vault, with its own rules and risk parameters. Only the visibility of the interaction changes.
The same architecture gives institutions configurable lending markets, isolated vaults, and a privacy layer around market activity.
A model for private onchain creditThe same structure can extend across markets built on Euler vaults. Each vault is an isolated contract with a standard interface, so privacy layers, treasury systems, and institutional front ends can connect to Euler markets without rebuilding the integration for each vault.
Euler provides the lending venue, with vault-level parameters for collateral, pricing, interest rates, and liquidation. Unlink provides the privacy layer, so builders can offer shielded access to onchain credit markets without creating a separate lending stack.
Where institutional lending goes nextOnchain lending gives institutions markets where settlement, collateral rules, oracle choices, interest rates, and liquidation logic can be inspected directly. Market infrastructure can be public and verifiable. Account activity does not need to reveal every allocation decision.
Institutional credit needs that separation. Firms should be able to evaluate the rules of a market without publishing their own strategy every time they allocate, rebalance, borrow, or withdraw.
Euler provides configurable lending markets with clear vault-level rules. Unlink adds transaction privacy around how institutional capital moves into those markets.
Together, they make onchain lending more usable for institutions that need programmable credit markets without making every position part of the public strategy graph.
This article is informational only and is not financial, legal, tax, or investment advice. Euler provides lending infrastructure. Euler does not manage, sponsor, advise, or distribute the underlying assets or funds. Eligibility to access or transfer tokenized assets may be restricted, and DeFi markets involve risks including smart contract, oracle, liquidation, liquidity, collateral asset, stablecoin, regulatory, and total loss risk.
Francouzská banka ODDO BHF spustila eurovázaný stablecoin EUROD, který bude zalistován na platformě Bit2Me. Projekt je v souladu s rámcem MiCA a míří na platby i firemní použití.
French banking giant ODDO BHF has made a significant entry into the cryptocurrency market by launching its Euro-pegged stablecoin, EUROD. According to CoinDesk, this stablecoin will be listed on the Madrid-based Bit2Me platform. Positioning itself as a low-volatility payment tool, EUROD is targeted for both individual and institutional use. The project aligns with the European Union’s MiCA framework. Supported by institutions like Telefónica and BBVA, Bit2Me reinforces the trust factor combined with a banking-backed issuer. ODDO BHF, with a 175-year history and over €150 billion in asset management, is crafting a new bridge between traditional finance and blockchain technology.
EUROD Coin: A New Digital Euro Under MiCA ComplianceEUROD is defined as a compliant digital Euro version under the MiCA framework. The target audience comprises users who want to conduct transactions within a regulated framework for payment and transfer scenarios. Bit2Me, a scaled player in Spanish-speaking markets, considers this listing as a bridge. Leif Ferreira, CEO of Bit2Me, emphasizes the mission to expand the set of regulated and reliable assets, stating that a bank-supported Euro peg will accelerate the platform’s corporate expansion.
Earlier this year, Bit2Me grabbed attention with a €30 million funding round led by Tether. When ODDO BHF’s banking status merges with Bit2Me’s market reach, the Euro-pegged digital payment layer aims to capture corporate demand in treasury, commercial payments, and cross-border transfers, in addition to individual users. The involvement of European issuers amid a global dominance of dollar-pegged coins increases currency diversity.
Growing Competition for Euro-Pegged Stablecoins in EuropeThe European market has grown familiar with bank-supported Euro-pegged stablecoins, with Société Générale-FORGE’s EURCV launch. As of September, nine banks, including ING, Banca Sella, Danske Bank, DekaBank, and CaixaBank, had announced MiCA-compliant Euro-pegged stablecoin initiatives. EUROD by ODDO BHF positions itself in this league with oversight from banking and the narrative of regulated reserves. Its differentiating factor is an exchange listing that prioritizes accessibility from day one.
Despite the market being dominated by dollar-based stablecoins, the options for Euro-based payments and corporate cash management are anticipated to rise. The natural advantage of Euro-denominated settlements in intra-European exchanges, combined with regulatory clarity, may accelerate adoption. EUROD’s deployment on Bit2Me highlights an attempt to unite regulatory compliance with market liquidity.
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.
Bankinter získal menšinový podíl v Bit2Me a připojil se k investičnímu kolu v hodnotě 30 milionů eur ($33 milionů) spolu s Tether. Dohoda posiluje kapitálovou strukturu Bit2Me a jeho ambice v Evropě i Latinské Americe.
Bankinter has taken a minority stake in Spanish crypto exchange Bit2Me, joining a $33 million funding round that also included Tether.The investment strengthens Bit2Me's capital structure and supports its regulatory ambitions in Europe and Latin America, as it operates under the EU's new MiCA regulation, the exchange said.The deal marks another example of traditional banks collaborating with crypto firms, with Bit2Me already working with major Spanish financial institutions including BBVA, Unicaja and Cecabank.Spanish banking giant Bankinter has taken a minority stake in crypto exchange Bit2Me, joining a 30 million euro ($33 million) funding round involving Tether in August 2025.
The investment adds another traditional bank to Bit2Me’s growing list of backers, which already includes major local financial institutions including BBVA, Unicaja and Cecabank.
Bit2Me, headquartered in Madrid, is among the first firms registered under the EU’s new Markets in Crypto-Assets (MiCA) regulation, allowing it to operate across the entire European bloc. The company has positioned itself as a business-to-business gateway for banks seeking compliant access to crypto markets.
Bankinter said in a release that the deal is aimed at fostering “technological and knowledge-based synergies,” specifically in areas leveraging distributed ledger technology (DLT).
While exact terms weren’t disclosed, the agreement strengthens Bit2Me’s capital structure and adds weight to its regulatory ambitions in Europe and Latin America.
Over the past 18 months, Bit2Me has quietly embedded itself in traditional finance. It acts as a backend crypto service provider for Turkey’s Garanti BBVA, and jointly launched a custody and trading platform with Cecabank, according to documents shared with CoinDesk.
In a statement, Bit2Me CFO Pablo Casadío framed the Bankinter deal as a sign that banks are choosing collaboration over competition.
“This alliance confirms that the banking sector can leverage our deep industry know-how to enhance its offering. Instead of competing, we are integrating strengths,” Casadío said.
The firm’s ties to traditional financial institutions go deeper, however. In July 2024, Spanish bank Unicaja, through its investment arm Unicaja Ventures, acquired a stake of over 5% in the exchange and secured a seat on its board of directors.
HTX DAO spustila řadu opatření pro $HTX, včetně stakingu, obchodního využití a deflačních mechanismů. Od 1. dubna bude na Huobi HTX jediným tokenem pro úhradu poplatků se slevou 25 %.
PANews reported on March 18th that, according to official sources, HTX DAO has recently launched a series of empowerment measures surrounding $HTX, covering multiple dimensions such as compliant market expansion, on-chain staking, trading application scenarios, and deflationary mechanisms, to enhance $HTX's positioning and long-term value in the new market cycle. Specifically, these include: On March 4th, $HTX officially launched on the European compliant trading platform Bit2Me, further broadening fiat currency access and user participation channels in Europe. On March 16th, HTX DAO launched the $HTX staking Beta version, allowing users to earn rewards through staking and participate in HTX DAO governance. The official version will subsequently launch an interest rate increase campaign, with a maximum annualized yield of 10%. Furthermore, starting April 1st, $HTX will become the only fee-deductible token on the Huobi HTX exchange, offering users a 25% discount when using $HTX to pay fees. On April 15th, HTX DAO will implement its Q1 2026 quarterly burn plan to continuously optimize the $HTX circulating supply structure. The ongoing implementation of multiple initiatives is gradually improving the collaborative system of $HTX in trading, governance, and supply mechanisms, providing multi-dimensional support for $HTX's value proposition in the new market cycle.
Unizen po bezpečnostním průlomu za zhruba 2,1 milionu USD začne okamžitě proplácet 99 % postižených uživatelů. Náhrada se týká ztrát do 750 000 USD, vyplacených v USDT nebo USDC.
Unizen, a decentralized finance (defi) protocol, has committed to reimbursing users who lost $750,000 or less at the earliest opportunity, following a significant security breach that resulted in the loss of approximately $2.1 million in user funds.
Blockchain analytics firms PeckShield and SlowMist played crucial roles in identifying and assessing the breach on March 9.
PeckShield first detected an “approve issue” on March 9, leading to the discovery that over $2 million had been siphoned from the platform. SlowMist’s investigation confirmed the total losses amounted to around $2.1 million, noting that the stolen funds were converted from Tether (USDT) to the stablecoin Dai (DAI).
The hacker exploited an external call vulnerability within the Ethereum-based contract, converting the stolen USDT to DAI. The funds remain stationary, with users urged to revoke any approvals associated with the hacker’s address to prevent additional losses.
In response to the theft, Unizen proactively reached out to the hacker with an on-chain message on March 10, offering a 20% bounty for the return of the remaining stolen assets. The company has also engaged with law enforcement and forensic experts to trace the hacker’s identity.
Despite the ongoing negotiations for the bounty, Unizen announced on March 11 its plan to begin compensating 99% of the victims immediately, prioritizing a meticulous, individualized approach to the reimbursement process.
Sean Noga, the founder and CEO of Unizen, has provided personal funds to facilitate the reimbursements, ensuring that users who suffered losses below the $750,000 threshold receive their funds back in USDT or USD Coin (USDC). Cases involving losses exceeding $750,000 are to be addressed individually. Furthermore, Unizen has released a video guide to assist users in revoking platform approvals to mitigate further risks.
Martin Granström, Unizen’s Chief Technology Officer, disclosed on social media platform X that sufficient evidence has been gathered for a comprehensive incident report, which will be published in collaboration with external third-party firms. Granström also reiterated the company’s commitment to enhancing its security measures to prevent future incidents.
This incident underscores the urgent need for the DeFi sector to continually reassess and enhance their security measures to protect user assets from complex online attacks. In a recent event last month, Seneca Protocol experienced a severe security compromise, leading to a sharp 65% decline in the price of its SEN token. CertiK reported that the assailant took advantage of a flaw within the protocol, making off with digital assets valued at around $3 million. Furthermore, the offender moved 1,000 ETH between two independent accounts, bringing the total estimated damages to about $6.4 million.
Following the March 9 attack orchestrated by a malicious actor on Unizen, a decentralized finance (DeFi) protocol, which resulted in the loss of around $2.1 million, it has now been revealed that the hacker behind the attack has moved the stolen assets to Tornado Cash.
In a post by blockchain security firm PeckShield, it was revealed that the hacker moved 2,179,859 DAI from the wallet used in the attack to an unknown wallet on August 7. They then changed the DAI into 865.4 Ether (ETH) and sent it to Tornado Cash in 26 separate transactions. This will be the first time the stolen Unizen funds have been moved since the attack 151 days ago.
After the March exploitation, the Unizens said they would return the stolen funds to users. The plan was led by the CEO Sean Noga, who released personal money to the company to pay back users who lost less than $750,000. For people who lost more, the company said they would look at each case separately.
More so, days after the attack, Unizen chief technology officer, Martin Granström, stated that the company is working with security experts and law enforcement agencies to track down the hacker’s identity. He noted that they gathered various evidence and can now proceed with the post-mortem.
In the same post, he assured users that the firm would invest more in improving its security with every new upgrade as they owed it to their community. However, despite the firm’s effort to catch the bad actor, it does not seem like they have made any headway, as the hacker now has zero balance in their wallet.
Crypto Hacking: A Growing Concern in the Industry The attacker used a decentralized mixer that makes it hard to trace the origin of cryptocurrency transactions. Bad actors often deploy this tactic to hide stolen money.
Similar scenarios have occurred in other major hacks, such as the $308 million hack of the DMM Bitcoin system. In that case, the hackers used Huione Guarantee, an online marketplace that lets people do scams and other shady things, to launder the stolen assets.
Recently, another DeFi protocol Nexera was hacked, and a sum of $1.5M was exploited, which resulted in the company warning its users to stop trading the NXRA token. It was also revealed that the bad actor has already started selling the token for ETH and has already bridged some to the BNB chain.
The bad actor’s address behind the Nexera attack was said to be connected to recent private key compromise cases, such as Concentric Finance, OKX DEX, and Serenity Shield.
The continuous cyber attacks in the crypto space show the need for further industry security improvement. Many investors have lost a lot of funds because bad actors are becoming more rampant. The attack on WazirX last month, which resulted in the loss of over $230 million, further testifies why a quick solution needs to be found to mitigate the act.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
The UwU Lend hacker returns to swipe another $3.7 million.The lending protocol was hacked using a flash loan for $23 million on Monday.UwU Lend users rejoiced on Wednesday after the lending protocol said it was able to fully reimburse victims of its recent $23 million exploit.
But their celebrations were cut short when at 7:46 am London time, the same hacker returned to take another $3.7 million.
That’s despite UwU Lend offering the hacker a 20% bounty — worth $4 million — to return users’ funds from a Monday hack.
According to Yaron Velner, CEO of risk management project B.Protocol, the hacker was able to drain more money from the protocol using its intended functions due to an oversight from its developers.
“The operation today did not entail any manipulation. Just a malicious intent, and erroneous configuration on UwU side,” he told DL News.
It comes after UwU Lend said in a June 12 X post that it had identified and fixed the vulnerability in its sUSDe market that the hacker previously exploited.
“All other markets have been re-reviewed by industry professionals and auditors with no issues or concerns found,” the protocol said.
UwU Lend did not return a request for comment.
UwU Lend began repaying users on Wednesday after the $23 million exploit forced it temporarily offline.
As of 5 am on Thursday, the protocol said it had repaid about $9.7 million stolen in the first hack.
“The protocol will repay all bad debt, as quickly as reasonably possible,” UwU Lend said. “We are happy to announce that no user funds have been lost due to this process.”
UwU Lend’s controversial founder Michael Patryn, better known by his pseudonym 0xSifu, had previously offered to drop any charges if the hacker returned 80% of the stolen crypto, worth about $18 million.
Oracle attackOn Monday, a hacker used a $4 billion flash loan to manipulate the price of certain tokens on UwU Lend, which allowed them to drain the protocol.
A flash loan is a type of DeFi transaction where a user borrows funds from a lending protocol and repays them in the same transaction.
While flash loans are often used by market makers to quickly arbitrage price differences in DeFi markets, they also make possible exploits that require large amounts of capital to perform.
Zircuit co-founder Martin Derka — who co-developed a tool to detect flash loan-based exploits while at crypto security firm Quantstamp — said such exploits were notorious in DeFi.
“These kinds of vulnerabilities are usually very difficult to discover during smart contract audits, because they require in-depth knowledge of multiple protocols — those that one is auditing, and those that are being used as oracles,” he told DL News.
“There are also not enough automated tools that are capable of discovering such vulnerabilities.”
Launched in 2022, UwU Lend is a fork of Aave, the largest DeFi lending protocol with $12.4 billion of deposits.
A fork is where a developer team uses the open-source code from an existing DeFi protocol to launch a similar protocol — often on a different blockchain or with minor changes.
But the changes to Aave’s code allowed the hacker to drain UwU Lend. The protocol used easily manipulated oracles — software that provides it with the prices of various tokens.
UwU Lend’s UWU token is down 15% over the past week, and trades at around $2.70.
Update, June 13: This article was updated to include comments from B.Protocol CEO Yaron Velner that clarify the $3.7 million theft was not caused by a separate exploit. An earlier version misstated the name of the blockchain Martin Derka co-founded; it is Zircuit, not Circuit.
Aleks Gilbert is a DeFi Correspondent at DL News. Got a tip? Email him at [email protected].
UwU Lend na Ethereu přišel při útoku o 23 milionů USD a protokol pozastavil provoz, dokud neskončí vyšetřování. Tým nabídl hackerovi 20% odměnu white hat za vrácení zbytku.
Ethereum (ETH)-based decentralized finance (DeFi) protocol UwU Lend just suffered a security breach that siphoned $23 million worth of crypto from its platform.
In a post on social media platform X, the team behind UwU Lend says the protocol will be paused until the investigation of the exploit has concluded.
[adinserter block="1"]
“Yesterday UwU Lend was the target of an exploit involving a sophisticated attack. The team reacted swiftly and the protocol was paused within minutes. Rates for borrows and deposits have been set to 0% so users’ positions will not be affected by this pause.”
UwU Lend already made an offer to the hacker and is now awaiting a response. In an on-chain message, the lending and liquidity protocol says the exploiter will get a white hat bounty in exchange for returning the stolen assets.
“UwU Lend would like to discuss a bounty with any parties involved in the recent UwU Lend exploit. We are offering a 20% white hat bounty of any funds taken, which you may keep if you return the remaining 80% to uwulend.eth. You will face no risk of us pursuing this further and no risk of law enforcement issues.”
The exploiter has until 5 PM on June 12th to voluntarily return the assets. Otherwise, UwU Lend says it will offer the bounty to the public and reward 20 percent to anyone who can identify the hacker in a way that will lead to a conviction in court.
UwU Lend suffers a second exploit this week, resulting in a $3.7 million loss. The same exploiter is believed to be responsible.
The UwU Lend protocol, previously targeted in a nearly $20 million hack on June 10, is facing an ongoing cryptocurrency exploit that has so far resulted in the theft of $3.7 million.
This development comes as the protocol has been making efforts to reimburse its users following the $19.3 million June 10 hack.
$3.7 Million Hack Cyvers, an on-chain data analytics platform, was the first to alert UwU Lend about the ongoing exploit. According to its findings, the bad actors behind this latest incident appear to be the same as those responsible for the earlier $19.3 million heist.
ALERT@UwU_Lend has suffered another security breach by the same attacker!
Total loss: $3.7M
Affected pools: uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, uUSDT
All stolen assets have been converted to $ETH and are located at the attacker’s address: https://t.co/9TvwLh18P1
To learn… https://t.co/AjcMS1Cdyl
— Cyvers Alerts (@CyversAlerts) June 13, 2024
The stolen funds, sourced from various asset pools, including uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT, have already been converted into Ethereum and transferred to the attacker’s address.
Following the initial breach on June 10, the development team at UwU Lend notified the community that they had implemented immediate measures to mitigate the damage. The protocol was temporarily paused while investigations were conducted into the vulnerabilities exploited by the hackers.
In an update shared on June 12 via a thread on X, the UwU developer team disclosed that they had identified the specific vulnerability related to the sUSDe market oracle and claimed to have resolved it.
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The team has now identified the vulnerability, which was unique to the sUSDe market oracle and has now been . All other markets have been re-reviewed by industry professionals and auditors with no issues or concerns found.
— UwU Lend (@UwU_Lend) June 12, 2024
They added that independent audits of all other markets had been conducted without discovering additional issues, assuring users that all functions would resume promptly and emphasized that no user funds had been permanently lost during the incident.
Reimbursement Efforts Following the incident, UwU initiated reimbursement efforts, informing users that “The protocol will repay all bad debt as quickly as reasonably possible. We will keep users up to date about progress and the next steps.”
In a final update on June 13, the team reported that they had successfully reimbursed a total of $9,715,288 to affected users thus far. The breakdown included specific amounts returned in various cryptocurrencies such as DAI, crvUSD, USDT, and wETH.
UwU Lend, a fork of the open-source AAVE v2 protocol, offers its users various decentralized finance services such as lending, borrowing, and staking. One of its unique features includes a revenue-sharing token called UwU, which allows users to earn a portion of the platform’s revenues directly.
Šéf Curve Michael Egorov uvedl, že hack zasáhl samostatný projekt UwU Lend, ne Curve Finance, a že CRV použitá jako kolaterál už byla splacena. Zároveň vyzval k nové revizi kontraktů a lepším bezpečnostním auditům.
The leading cryptocurrency is trading at $66,700, and altcoin sales have weakened. One of this week’s most significant developments was the UwU Lend attack. The Curve CEO made important statements to clear up misinformation. What did he say?
The Curve CEO spoke about the UwU Lend hack and the CRV token burn. Michael Egorov has been in the spotlight during many market downturns. Speculative traders targeting the liquidation price of his DeFi position have often triggered significant losses in the CRV Coin price through social media discussions.
Egorov made the following statements regarding recent events:
“This was not an exploitation of Curve Finance. It was an exploitation of a separate project (UwU Lend). As part of the cash-out game, the hacker deposited the CRVs taken from UwU into lendcurvefi (LlamaLend) and disappeared with the funds, leaving the debt in the system.”
To prevent similar attacks in the future, he suggested “revalidating all contracts and having them reviewed by good security auditors.”
CRV Coin BurnThere was a lot of misinformation, which also triggered recent CRV Coin price fluctuations. Egorov made statements on this matter as well. These statements were crucial to preventing the spread of false information on social media:
“This information was tweeted by a fake (impersonator) account, accompanied by a scam link. Several journalists did not verify the news and published it.”
So, what are the positions of the Curve CEO?
“The CRVs sent as collateral for loans likely accounted for about 30% of the circulating supply; half of this was in Curve, so indeed some doubtful receivables were formed. It was already repaid. No one was affected. For smaller cryptos (e.g., not BTC or ETH as collateral), debt ceilings should probably be provided; data shows that Curve-specific markets can be well parameterized to withstand these conditions.”
Egorov also mentioned that steps could be taken regarding open-source liquidation bots in the future.
“It seems the industry’s heavyweights did not fully know how to handle liquidations; they did not attempt partial hard liquidations for my position in Curve. I had to do it myself in the end. In the future, this area could be better with open-source liquidation bots.”
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.
Ethereum Glamsterdam Upgrade Moves Toward 200M Gas Limit Roadmap
TL;DR Ethereum’s Glamsterdam upgrade work is moving through devnet planning ahead of a projected H2 2026 mainnet window. EIP-7732, or enshrined proposer-builder separation, is one of the key pieces being tracked by developers. EIP-7928, covering block-level access lists, is another major component tied to parallel execution and higher throughput. The headline target is a path toward a much higher gas limit, but the exact mainnet package remains subject to Ethereum’s normal testing and governance process. Glamsterdam Moves Into Focus Ethereum’s next major upgrade cycle is now turning toward Glamsterdam, a protocol package expected to define the network’s post-Pectra scaling and block-production roadmap. The upgrade is being watched closely because it touches two of Ethereum’s biggest long-running constraints: who builds blocks, and how much execution capacity the base layer can safely support.
Developer materials and EIP discussions point to enshrined proposer-builder separation and block-level access lists as two of the most important items in the Glamsterdam conversation. Together, they help frame a longer-term path toward higher throughput without simply asking every node operator to absorb more load without structural changes.
What ePBS Tries To Fix EIP-7732, commonly described as enshrined proposer-builder separation, would move part of the current external block-building market into Ethereum’s protocol design. Today, block construction often depends on external relay infrastructure and specialized actors. That system has helped the network manage maximum extractable value, but it has also raised concerns about centralization and censorship pressure.
By bringing proposer-builder separation closer to the protocol layer, Ethereum developers are trying to reduce reliance on off-protocol arrangements and create a cleaner separation between validators proposing blocks and builders assembling them. It is a technical change, but it also speaks directly to Ethereum’s decentralization goals.
Why Block-Level Access Lists Matter EIP-7928, covering block-level access lists, is aimed at making execution more predictable by identifying state access patterns at the block level. In plain English, validators and clients could get better information about what a block needs to touch before processing it. That matters because parallel execution is difficult when the system does not know which transactions are likely to conflict.
If block-level access lists work as intended, they could help Ethereum process more activity without turning every block into a heavier, less predictable burden for nodes. That is why the proposal is often discussed alongside higher gas-limit targets and broader L1 scaling.
A 200M Gas Limit Is The Big Headline The most attention-grabbing part of the Glamsterdam narrative is the potential path toward a 200 million gas limit. That would be a major increase from today’s base-layer capacity and would represent a very different Ethereum L1 if it can be achieved safely. But the wording matters: this is a roadmap and testing target, not a guarantee that every detail is locked for mainnet exactly as discussed in current devnet materials.
Ethereum upgrades usually move through a long process of specification, client implementation, devnets, testnets and final coordination. That process is slow by design. Glamsterdam is important because it shows the network is still trying to scale the base layer itself, not only pushing activity to rollups. The risk is that aggressive capacity increases without careful client and node work could weaken the decentralization properties Ethereum is trying to protect.
This article was written by the News Desk and edited by Samuel Rae.
Upbit přidal devět nových obchodních párů včetně PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO a AMP v párech s BTC a USDT, přičemž AMP byl zalistován pouze v páru s USDT. PEAQ po zalistování vzrostl asi o 21,9 %, zatímco GRAM klesl o 2,75 %.
South Korea’s dominant crypto exchange just added nine fresh trading pairs, and the market reactions are already telling a familiar story: some tokens pop, others drop, and everyone scrambles to figure out which side they’re on.
Upbit began listing PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP on June 19, rolling them out in staggered intervals starting at 15:00 KST. Each token received BTC and USDT trading pairs, with one exception: AMP was listed exclusively against USDT.
Staggered launch, mixed results The rollout was methodical. PEAQ and LIT went live first at 15:00, followed by KMNO and MORPHO at 16:00. GRAM, LDO, and PAXG opened at 18:00, with OSMO and AMP closing out the schedule at 19:00.
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PEAQ was the clear early winner, posting an intraday gain of roughly 21.9%. Not everyone got the same treatment. GRAM, which is the rebranded version of Toncoin (TON) following a name change effective June 15, declined about 2.75%. LIT slipped by approximately 1.68%.
The tokens: a quick primer PEAQ is a decentralized physical infrastructure network, or DePIN, token built for machine economies. LIT, the native token of Litentry, focuses on decentralized identity aggregation. KMNO powers Kamino Finance, a DeFi protocol on Solana. MORPHO is the governance token of Morpho, a lending protocol optimizer that sits on top of existing DeFi lending platforms like Aave and Compound.
GRAM, as mentioned, is the newly rebranded TON. The rebrand took effect just four days before the Upbit listing, making this the token’s first major exchange debut under its new identity. LDO is Lido DAO’s governance token, one of the most well-known liquid staking protocols in crypto.
PAXG is Paxos Gold, a tokenized representation of physical gold, backed one-to-one by London Good Delivery gold bars. OSMO is the native token of Osmosis, a decentralized exchange in the Cosmos ecosystem. AMP is the collateral token for the Flexa payments network.
Samsung, Dunamu, and the bigger picture These listings don’t exist in a vacuum. They arrive alongside a significant corporate development: Samsung affiliates recently concluded a $408 million acquisition of a 4% stake in Dunamu, Upbit’s parent company. That deal puts Dunamu’s implied valuation at roughly $10.2 billion based on that 4% stake.
Previous listings, including SPX6900 in a recent batch, prompted considerable volume increases on the exchange.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SingularityDAO, Cogito Finance a SelfKey spouštějí Singularity Finance, EVM Layer-2 pro tokenizaci RWA, a spojují své tokeny SDAO, CGV a KEY do nového tokenu SFI. Mainnet má přijít v první polovině roku 2025.
Singularity Finance, an EVM Layer-2 for tokenizing the Real World Assets (RWA) of the AI economy, will be launched via a strategic token merger announced by SingularityDAO, Cogito Finance, and SelfKey.
Web3 will be accelerated by a platform optimized for AI tokenization that is powered by the combination of the three complimentary technologies. By integrating AI assets like GPUs into already-existing DeFi apps and tokenizing them, new onchain primitives will be created, opening up more effective financing sources for AI-driven developments.
With the help of SelfKey’s compliant identity solution, Singularity Finance will leverage Cogito’s tokenization framework to put RWAs onchain, establishing decentralized markets in which users may readily engage. Using SingularityDAO’s AI-driven DynaVaults and other technologies, Singularity’s Layer-2 will provide AI-powered financial tools services that improve and automate analysis, portfolio, and risk management.
Cogito Finance CEO Cloris Chen said:
“The rapid growth of the AI sector is creating significant opportunities for both institutions and retail participants. However, barriers still exist on both the demand and supply sides, limiting broader participation in the AI economy. By developing our own Layer-2 solution democratising AI-Fi, we can overcome these challenges and remain agile in adapting to an evolving regulatory landscape.”
SingularityDAO co-founder Mario Casiraghi added:
“We stand at the intersection of AI and DeFi, where much of the innovation currently taking place within the Web3 space is occurring. AI-Fi harnesses the immense potential of the AI economy by tokenising the AI value chain, creating unprecedented opportunities to access, exchange and monetise these assets.”
The three existing tokens—SDAO, CGV, and KEY—will be combined into a single token, SFI, which will function as Singularity Finance’s network token as part of the merger. With the mainnet release scheduled for the first half of 2025, the SFI token will first be accessible on Ethereum and BNB Chain. The conversion ratios between SDAO, CGV, and KEY will be as follows:
At a ratio of 1:80.353 (1 SDAO = 80.353 SFI), SDAO migrates to SFI. 1:10.890 is the ratio of CGV migration to SFI (1 CGV = 10.890 SFI). Migration of KEY to SFI at a 1:1 ratio (1 KEY = 1 SFI). The 200-day moving average of each token up to August 20, 2024, is the basis for pricing.
A leadership council for Singularity Finance will be formed when the merger is finalized to supervise and direct the activities of the combined financial ecosystem. Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO; Cloris Chen, CEO of Cogito Finance; and Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance, will serve as the council’s leaders. The community will have the chance to vote in a governance vote after the merger announcement, which will take place from October 21 to October 31.
The merger will solve the major issues with ownership and accessibility to AI-related revenues and assets that are now present. Users will be able to access yield prospects from compute and AI agents by using SFI-compliant tokenization infrastructure. Additionally, AI market players will be able to create additional liquidity for their assets, increasing the accessibility of high-quality yield supported by AI and hardware. Through its Layer 2—which includes integrated legal frameworks, distribution channels, a marketplace, and AI-powered asset management tools—Singularity Finance will address these issues.
A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.
GMX a Gains Network předložily návrhy na integraci do připravovaného perpetuals marketplace Kwenta. Cílem je rozšířit likviditu a nabídnout uživatelům více trhů na Arbitrum.
Grand Cayman, Cayman Islands, July 9th, 2024, Chainwire
In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlier this year by launching the Base network, reflecting a larger plan to connect derivatives liquidity across multiple chains. This announcement follows the recent approval of a grant from the Arbitrum DAO aimed at supporting Kwenta’s initial expansion to the Arbitrum network.
Product Offerings from GMX and Gains Network Table of Contents
Product Offerings from GMX and Gains NetworkStrengthening the Arbitrum EcosystemLooking AheadAbout KwentaContact GMX and Gains Network have submitted their proposals to integrate their liquidity into Kwenta’s platform. These integrations aim to enhance the trading experience for Kwenta users by providing access to additional markets and liquidity, while taking advantage of Kwenta’s UX-focused roadmap, which includes allowing traders to log in with traditional web2 credentials and sponsoring gasless transactions.
GMX v2, Arbitrum’s flagship perpetual futures AMM (Automated Market Maker), built on the initial success of their v1 product by being the first to integrate Chainlink Data Streams, a low latency product from the leading oracle provider aimed at high-performance applications. The lower fees and wider selection of markets available on GMX v2 allowed the offering to quickly grow in popularity with onchain traders.
Gains Network, known for its gTrade platform, offers a wide variety of trading pairs, including cryptocurrencies, forex, and commodities, supported by their decentralized oracle network. Gains Network’s innovative approach to perpetual futures provides traders access to up to 150x leverage on a growing list of nearly 200 markets.
Strengthening the Arbitrum Ecosystem The integration of GMX and Gains Network into Kwenta’s perpetuals marketplace is expected to drive growth in the onchain perpetuals space by allowing users to easily access advanced DeFi products from Kwenta’s easy-to-use UX layer. While retail-focused applications have made huge steps forward in allowing users to quickly access the best prices for token swaps and bridging, onchain leverage has remained a complex product for more sophisticated DeFi enthusiasts.
This strategic expansion brings Arbitrum’s most popular derivatives trading venues under a single platform, providing a simple and familiar experience for traders new to onchain products. Kwenta’s roadmap promises to build on these quality of life features, allowing users to interact with multiple protocols in a single application.
Looking Ahead Kwenta is currently inviting community feedback on these proposals as it moves towards finalizing its perpetuals marketplace. The potential integrations with GMX and Gains Network align with Kwenta’s mission to provide a superior decentralized trading experience. With these developments, Kwenta is aims to become a leading venue for DeFi derivatives trading on Arbitrum.
About Kwenta Kwenta is an onchain derivatives marketplace on Optimism, Base, and Arbitrum. The platform offers easy-to-use tools to access deep liquidity and low fees onchain, while users retain full custody of their funds. With over $50 billion in trading volume through its community-governed platform, Kwenta is committed to developing tools that bring DeFi to everyone.
For more details, users can follow Kwenta’s governance discussion channels on Discord.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Synthetix navrhuje koupit Kwentu za zhruba 9,05 milionu nově vydaných SNX. Pokud návrh projde, Kwenta se přejmenuje na Synthetix Exchange a její treasury i governance přejdou pod Synthetix.
Synthetix is looking to regain control over its most popular front-end, with Kwenta driving $60 billion in volume over four years.
Synthetix, the veteran DeFi protocol, is looking to acquire Kwenta, a derivatives exchange that spun out of Synthetix in 2020.
On Oct. 29, a proposal outlining plans for Synthetix to acquire Kwenta, the top project within Synthetix’s ecosystem by trade volume, was published to the governance forums of both Synthetix and Kwenta.
Should both projects pass the proposals, Kwenta would be rebranded as a new incarnation of Synthetix Exchange, Kwenta’s treasury would be absorbed into the Synthetix treasury, and the Kwenta subdao would dissolve with governance over the front-end handed over to Synthetix’s Spartan Council.
Acquisition termsThe deal would comprise Synthetix purchasing 532,375 KWENTA — the token’s entire circulating supply — with roughly 9.05 million ($13.2 million) newly minted SNX tokens, resulting in SNX’s supply inflating by 2.8%.
The deal would be closed at a ratio of one Kwenta to 17 SNX, equating to a 19% discount compared to the price ratio of KWENTA/SNX based on a 30-day moving average. Synthetix said the discount reflects the disparity between the two assets’ trade volume, with SNX driving $20 million in daily volume on major centralized exchanges compared to just $100,000 for KWENTA.
As such, Kwenta acknowledges that it is currently “difficult for tokenholders to access the value for their assets,” meaning the token migration would benefit holders through deeper liquidity.
Following approval, a token migration contract would allow KWENTA holders to burn their assets in exchange for SNX vesting contracts. All SNX received by KWENTA holders would be subject to a three-month lockup and subsequent nine-month linear vesting schedule.
Synthetix told The Defiant that all remaining SNX that have not entered circulation are currently held by the Kwenta and Synthetix treasuries, and will be burned should the proposal go through.
Synthetix ExchangeIn 2020, Synthetix divested its Synthetix Exchange front-end in a bid to revamp itself as a liquidity provision protocol powering a diverse ecosystem of front-end integrations.
However, Synthetix now describes this move as a “strategic error” that created distance between the project end users, in addition to fostering poor economic models for front-end integrations. Despite Kwenta driving more than $60 billion worth of trade in the past four years, the project said it has struggled to establish a sustainable business model for the mid-long term.
“Synthetix lost control of the point where customers most interact with their perp engine, and the commercial model has historically not proven to be sustainable for front-ends,” Synthetix said. “This strategic acquisition will ensure Synthetix is closer to the end customer, so it can build better perp products, which will benefit all integrators… Reuniting Synthetix and Kwenta is the solution to offering a competitive perps product.”
Synthetix said the move would also realign the strategic objectives of it and Kwenta, noting that differences in roadmap priorities have previously resulted in delays for Synthetix shipping upgrades.
Synthetix added that it will continue to work closely with other front-ends and products that leverage its perp engine despite the acquisition.
The price of SNX is up 2.7% over the past 24 hours, while KWENTA is down 5% over the same period.
Synthetix spustil na platformě Kwenta vícekolaterálové perpetual futures a jako hlavní kolaterál přidal Threshold Network tBTC. Rollout zahrnuje i ETH, USDe a USDx a přináší 81 nových trhů Perps.
Synthetix has unveiled its multi-collateral perpetual futures (Perps) on Kwenta, featuring Threshold Network’s tBTC as the primary wrapped-Bitcoin collateral asset. The integration of tBTC marks a significant development for DeFi, expanding options for users seeking decentralized, permissionless, and Bitcoin-backed trading. This announcement has been announced via its official X account.
Why Synthetix Chose Threshold Network’s tBTC? Threshold Network’s tBTC offers a range of unique features that make it ideal for decentralized finance (DeFi) applications. It is backed 1:1 with Bitcoin (BTC) and enables users to mint and redeem tBTC without centralized control or KYC requirements. Furthermore, tBTC is backed by 24/7 on-chain, auditable reserves, ensuring transparency and building user trust in its decentralized custody system.
The DeFi community has already embraced tBTC widely, with 82 integrations across six blockchain networks and over 1,600 holders. Moreover, the supply is already exceeding $293 million as claimed y Synthetix. Threshold’s team is known for actively expanding decentralized Bitcoin applications and is broadening the possibilities with products such as stBTC, thUSD, and SATs.
New Collateral Options for Synthetix Perps Markets The new Perps markets on Kwenta come with additional collateral options beyond tBTC, including Ethereum (ETH), Ethena USD (USDe), and USDx, Synthetix’s stablecoin native to Arbitrum. In total, the rollout encompasses 81 new Perps markets, giving users access to a more diverse and flexible trading environment.
By integrating tBTC and expanding collateral options, Synthetix is reinforcing its commitment to decentralized, multi-collateralized markets that cater to a broad spectrum of DeFi users. This will further advance its role in the decentralized trading ecosystem.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Synthetix koupil TLX a plánuje v roce 2025 spustit incentivní program pro pákové tokeny. Akvizice navazuje na nedávné převzetí Kwenta a má posílit jeho nabídku derivátů.
The recent acquisitions are part of Synthetix’s plans to become a category leader among derivative exchanges.
Ethereum-based derivatives trading protocol Synthetix announced its acquisition of leveraged token platform TLX in a token-for-token transaction, Synthetix said in a Dec. 10 blog post.
The platform is completing a thorough review and audit of all TLX products. After that, it will implement parameter improvements and redeploy all contracts, the statement said. It also plans to kick off a leveraged token incentive program in 2025.
“The acquisition of TLX will mark the first end-customer, revenue-generating product built on top of Synthetix that will be owned and operated by Synthetix. This marks a significant milestone in Synthetix’s commitment to expand its product offering and generate additional value for SNX tokenholders,” the Synthetix team wrote in the blog post.
Synthetic’s TLX acquisition came just a month after it acquired the perpetuals trading platform Kwenta in a similar deal. Synthetix and Kwenta were once one platform until 2020, when they separated to allow Kwenta to focus solely on providing industry-standard trading experiences for Sythetix’s derivatives markets.
The acquisitions are part of Synthetix’s strategy to design a decentralized liquidity layer and become a primary product issuer on top of it.
Synthetix is the sixth largest derivatives exchange by total value locked (TVL), according to DeFiLlama data. The TVL of its v3 has increased by over 1,000% in the last month, likely due to Ethereum liquidity providers migrating from V2, as Messari reported.
Synthetix Leveraged TokensLeveraged tokens are crypto derivative products that offer exposure to the price movements of an underlying asset with leverage. They are designed to amplify a user’s gains or losses and offer a more convenient means to access leverage without dealing with margin trading or holding a collateral asset.
Synthetix’s TLX acquisition allows it to go to market with a leveraged token with six months of history and performance. It is also the first in a line of structured products that Synthetix plans to launch in the coming months as it positions itself as a category leader among derivative exchanges.
Zebec Protocol se přejmenovává na The Zebec Network a mění ticker z ZBC na ZBCN. Součástí je automatická migrace a split akcií 1:10 bez navýšení nabídky.
In a significant strategic move, Zebec Protocol and its ZBC token have transitioned to a new name The Zebec Network and corresponding ZBCN token ticker to better represent the business’s expanded product portfolio and the robust infrastructure network that underpins it. ZBCN to start trading on exchanges today, post automatic migration.
Key details for the ZBC to ZBCN Token Swap
Swap Period: April 10th to May 10th
Supply Stability: No new supply to be introduced into the market
Token Split: A 1:10 token split aims to expand network utility and improve accessibility.
Zebec has evolved, consolidating multiple protocols and integrating a variety of blockchain-enabled payment and payroll products into a unified network. This integration significantly boosts the network’s utility, supporting real-world asset (RWA) payment flows, data, and physical infrastructure (DePin).
Sam Thapaliya, Founder and CEO of Zebec, stated, “Our transition to ZBCN and rebranding to The Zebec Network mark critical steps in expanding our capabilities and enhancing our market presence. ZBCN is better suited for our growing infrastructure, diverse use cases, and the increasing transaction volumes.”
The move to ZBCN is expected to enhance liquidity, encourage wider market participation, and improve scalability. It aligns with Zebec’s strategic vision of creating an inclusive financial ecosystem, paving the way for future innovation and strategic partnerships in the blockchain sector. This transition reflects Zebec’s commitment to adapting its business and technology to meet evolving market demands and user needs.
Token holders are assured of a smooth transition, with the company committed to ensuring a seamless conversion experience from ZBC to ZBCN, thereby preserving and enhancing contributors and token holders value. migration.zebec.io
About Zebec Zebec is a decentralized infrastructure network for real world value flows. Founded in 2021, Zebec has attracted $35 million in investments by Circle, Coinbase, Solana Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners, among others.
Today, Zebec Network powers RWA payments, data and physical infrastructure (DePin), servicing hundreds of companies in web2 and web3 economies, integration blockchain into everyday lives.
Disclaimer: This press release contains forward-looking statements based on current expectations, forecasts, and assumptions, which are subject to risks and uncertainties. It is intended for informational purposes only and should not be considered investment advice or financial guidance. Readers should conduct their own research and consult with financial experts before making any investment decisions.
Veritaseum isn’t backing down from the U.S. Securities and Exchange Commission, as the number of enforcement actions related to the 2017 ICO craze continue to pile up.
The SEC filed an emergency lawsuit last week against Veritaseum in a New York federal court and obtained a temporary restraining order to freeze $8 million in remaining ICO funds held by Veritaseum and CEO Reginald Middleton.
Yesterday, Middleton made public his company’s response to the SEC’s lawsuit—a 423-page document that attempts to answer the Commission’s allegations that Veritaseum conducted an unregistered securities offering and subsequently moved $2 million in an attempt to dissipate funds after being served with a Wells notice on August 12.
Much like the few other crypto startups, such as Kik, that are challenging the SEC’s allegations in court rather than settling their charges, Veritaseum’s response insists that the company’s VERI tokens do not represent securities. Further, the company claims that the movement of 10,000 Ether (worth $2 million at the time) in ICO funds after being notified of the enforcement action "was merely the funding of Veritaseum’s ongoing business operations."
In its filing, Veritaseum is asking the court to unfreeze its assets and lif the TRO. "The temporary freeze in this case has already caused significant harm to the holders of Veritaseum’s utility tokens, the very people the SEC is purportedly seeking to protect," Veritaseum said in its response. Potential harm to token holders is the very same line of reasoning that Kik, perhaps not coincidentally, used in its initial response to the SEC’s Well notice.
A token misunderstandingThe SEC’s investigation of Veritaseum began in the summer of 2017, during which Veritaseum raised $14.8 million in a crowdsale lasting from 2017 into early 2018. The lawsuit alleges that funds were raised on the premise that VERI was a utility token providing access to "products ready to go to market that would replace brokers, banks, and hedge funds."
According to the SEC, the company mischaracterized VERI tokens as utility tokens, manipulated the market for VERI Tokens, and attempted to dissipate ICO funds after receiving the Wells notice.
Veritaseum describes itself as enabling "software-driven P2P capital markets without brokerages, banks or traditional exchanges." Products include VeADIR: Veritaseum Autonomous Dynamic Interactive Research, which pays Veritaseum for "real world research," a vehicle for renting VERI tokens, subtoken creation, and access to the Financial Machine portfolio.
Named for Veritas, the Roman goddess of truth, Veritaseum and its executives appear to think their version of the truth will outweigh the SEC's in court.
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Soud zamítl snahu Ripple o stažení žaloby, která tvrdí, že XRP jsou neregistrované cenné papíry. Případ zůstává otevřený a Ripple varuje, že by mohl ohrozit celý trh s XRP.
Ripple failed to dismiss the lawsuit alleging XRP tokens are unregistered securities. The action could “upend and threaten to destroy the established XRP market,” said the motion.
Ripple Fights Lawsuit Over XRP In early August 2019, a complaint was filed against Ripple arguing that its XRP tokens are unregistered securities under U.S. law. The filing represented an update to a lawsuit filed against the San Francisco-based startup in May 2018.
The complaint argues that Ripple violated California’s securities laws and engaged in false advertising and unfair competition. Ripple allegedly blurred differences between its enterprise solutions and XRP to further drive demand. The startup even paid exchanges to list the token.
Additionally, Ripple reportedly limited the supply of XRP to drive price appreciation and made false statements, claiming that the digital asset is not a security.
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While the plaintiff demanded XRP to be recognized as a security and compensation for incurred losses, Ripple filed a motion to dismiss the lawsuit in September 2019, claiming the case was not brought forward in a timely manner.
Now, a court document filed on February 26 reveals that Judge Phyllis Hamilton of the Court of the Northern District of California dismissed Ripple’s claims that the plaintiff failed to act in a timely manner.
That said, Hamilton also recognized that the company did not violate California state law. As a result, claims of false advertising were dismissed as well as claims of personal liability against Ripple’s CEO Brad Garlinghouse.
XRP Could Be Deemed a Security Since the case remains open and the plaintiff can amend the complaint, Ripple believes that moving forward with it could “destroy the established XRP market.”
“Were Plaintiff allowed to belatedly challenge the classification of XRP, it would not only threaten to eliminate XRP’s utility as a currency, but it would upend and threaten to destroy the established XRP market more broadly […] potentially wiping out the value held by the alleged thousands of individual XRP holders around the world,” read the motion to dismiss.
Ripple fears that XRP would experience something similar to what happened to other cryptocurrencies after the SEC sought enforcement action.
In early June 2019, for instance, the SEC sued Kik for conducting an illegal $100 million initial coin offering. The Commission sought a permanent injunction, disgorgement plus interest, and a penalty. Following the charges, the price of KIN collapsed nearly 90%.
A similar market reaction occurred to Veritaseum after the SEC filed a complaint against its CEO Reginald Middleton for conducting an unregistered ICO. VERI token plummeted nearly 60% after the enforcement action.
Even though the legality of XRP remains uncertain, it seems to stands out as a potential security under U.S. regulations, according to the Crypto Rating Council. The organization maintains that XRP was initially sold without clear utility and was marketed with “securities-like language.” Within CRC’s assessment, the token has many “characteristics strongly consistent with treatment as a security.”
Many industry leaders believe that the SEC would have taken action by now if it thought XRP was a security. However, fintech lawyer Jake Chervinsky maintains that the regulatory agency’s enforcement “moves slowly under the best of circumstances” and may be on hold until the lawsuit “wraps up.”
Disclosure: This article was edited by Ali Martinez. For more information on how we create and review content, see our Editorial Policy.
Cryptocurrency exchange Binance today made an announcement regarding an altcoin to inform its users. The cryptocurrency mentioned in the announcement is IRISnet (IRIS). Let’s look at the details of the announcement made by Binance.
In the statement made by Binance, it was mentioned that starting from 07:30 Turkey time on May 20, 2024, deposits and withdrawals of the IRISnet (IRIS) tokens will be suspended to support the network upgrade for the best user experience.
The network upgrade is expected to occur at block height 25,006,118 on May 20, 2024, around 08:30 Turkey time.
Informing its users about other details, Binance stated that the trading of tokens on the mentioned network will not be affected.
Binance also emphasized that it will meet all relevant technical requirements for all users. Deposits and withdrawals for the tokens on the mentioned network will be reopened once the upgraded network is considered stable. Additionally, no further announcement will be made.
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.
UXD Protocol na Solaně ukončuje provoz a DAO hlasuje o uzavření projektu. Pokud návrh projde, vrátí investorům nevyužitý kapitál z vkladů ve výši 7,5 milionu USD a spálí UXP v hodnotě 7,5 milionu USD.
Solana-based UXD Protocol is winding down.UXD DAO is voting to sunset the protocol.The process could take up to two years.Solana-based stablecoin provider UXD Protocol with $7.5 million in user deposits is winding down its operations and will return unused capital to investors, the project announced on Monday.
UXD’s team blamed a lack of liquidity and the inability of its stablecoin model to achieve product-market fit as reasons for sunsetting the project which began in 2021.
“The model does lead to the stablecoin being stable, but [it] is not exciting enough for DeFi users and does not offer enough advantage over centralised stablecoins,” the team said in a DAO forum post on Monday.
“We think sunsetting the project, and returning capital to investors is the best use of capital and team resources.”
The protocol’s shutdown and capital reimbursement process is pending a DAO vote which is already underway and will last for one week.
If the vote passes, the complete shutdown process could take up to two years since there are illiquid assets in its insurance funds, the team said.
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Investor deposits in the UXD ProtocolThe long winddown window gives investors sufficient time to convert those illiquid assets to USDC and withdraw from the protocol.
The team proposed that two smart contract engineers be retained for the duration of the winddown process to ensure investors can redeem their funds.
Monday’s announcement recommended a $200,000 annual salary for both engineers.
As part of the shutdown process, UXD will burn $7.5 million worth of its UXP token.
Stablecoin contenders struggleUXD is one of several projects, alongside Parrot USD and Hubble Protocol, that sought to challenge the dominance of centralised stablecoin issuers like Circle and Tether by offering crypto-backed alternatives.
The Parrot Protocol team rage-quit last year and walked away with $47.5 million, leaving aggrieved investors with only $27 million in the reserve pool to share among themselves.
That meant several investors exited the project with only a fraction of what they put into the protocol.
Hubble Protocol’s USDH stablecoin is only worth $2.7 million, a tiny fraction of the $3.8 billion Solana stablecoin market.
While UXD was never hacked directly, it was one of the projects affected by Avraham Eisenberg’s $110 million exploit of Solana lending protocol Mango Markets in October 2022.
The protocol lost $19.9 million following the exploit but was able to recover the funds shortly after.
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].
COOKIE, token ekosystému Cookie3, se v Q2 2024 spustí na ChainGPT Pad a Polkastarter. Projekt má přenášet marketingovou hodnotu na uživatele, kteří pomáhají růstu projektů.
This first MarketingFi utility token will launch within the Cookie3 ecosystem – COOKIE represents digital marketing value passed on to users who drive projects forward instead of on advertising giants like Google or Facebook. Cookie3, a MarketingFi protocol and AI data layer, has just announced that COOKIE – the Cookie DAO-powered token – will launch on ChainGPT Pad and Polkastarter in Q2 2024.
Using the Cookie3 technological stack, COOKIE aims to move $366 billion digital marketing value from advertising giants onto users who bring quality to projects and help them grow.
The project is backed by industry’s top names, including lead investor Spartan Group, GSR, Big Brain Holdings, CMT Digital, Hartmann Capital, Jsquare and Orange DAO, as well as two top launchpads –Polkastarter and ChainGPT – second of which is also the project’s accelerator.
Ilan Rakhmanov, the CEO and founder of ChainGPT, COOKIE launchpad and Cookie3 accelerator, said,
“Cookie3 and its ecosystem token COOKIE are something the market has not seen yet but has needed for long.
“This revolutionary approach, which combines AI, DeFi and marketing with Cookie3’s amazing data processing technology, gives COOKIE an amazing utility within the Web 3.0 and Web 2.0 digital marketing economy.
“We were lucky to find this project and be closely involved in Cookie3’s development. We see Cookie3 use cases across all corners of Web 3.0 and its entire user base – from degens through KOLs and businesses.
“Cookie3 finds ways to unlock marketing value and put it exactly where it needs to be, using COOKIE as a medium.
“We are honored to support Cookie3’s journey and awaiting to see COOKIE in action within the Cookie3 multi-platform ecosystem.”
João Leite, managing partner of Polkastarter and COOKIE launchpad, said,
“We are delighted that COOKIE will launch on Polkastarter. We have been following Cookie3 for the past two years and are excited that COOKIE will find its home and multiple utilities across Cookie3 platforms.
“Today is the day when MarketingFi [becomes] an even stronger term. I look forward to seeing the Cookie3 vision unfold even further with COOKIE as the medium and carrier of MarketingFi value.”
Unlocking $366 billion value with MarketingFi protocol and AI data layer Cookie3 is able to push marketing value into its ecosystem and users with the COOKIE token, thanks to its unique technological stack based on propriety off- and on-chain analytics engine and an AI data layer.
This value exchange is possible due to the unique synergies between the Cookie DAO community with its COOKIE token impacting the Cookie3 multi-plaform ecosystem.
The Cookie3 tech enables understanding of the user journey from off-chain activities to on-chain conversions and further activity.
This way, Cookie3 can determine which users bring value to projects and should be rewarded.
At the same time, having used AI to analyze over 15 unique behavioral characteristics, Cookie3 can distinguish between quality users, bots or Sybil attackers to ensure that rewards go to truly engaged audiences rather than malicious actors trying to take advantage of the Web 3.0 economy.
This technology is prevalent across the Cookie3 three-platform ecosystem, where analytics and AI are integrated to do the following.
Help marketers understand their users better, tailor marketing campaigns and ensure their marketing budgets are passed on to quality users through Cookie3 analytics. Reward creators with airdrops, allocations and tokens for bringing quality audiences to projects through the Cookie3 affiliate. Allow individual users to explore their MarketingFi score based on their off- and on-chain activity. Users can market themselves to projects worth investing in with rewards such as airdrops, exclusive campaigns or tailored offerings through Cookie3 score (the platform is set to launch in Q3 2024). In short, Cookie3 helps businesses find ways to connect with valuable audiences, while at the same time helping users to market themselves as worth rewarding for further ecosystem growth.
Cookie3 technology has already been trusted by top names in the industry, such as Kyber Swap, Mantle, Polkastarter, Linea, GameSwift, Eesee, Insomnia Labs and over 170 more, who integrated into the Cookie3 MarketingFi protocol.
Filip Wielanier, CEO and co-founder of Cookie3, said,
“Our team has been building the Cookie3 technology for over two years, and our current business traction proves that we are the industry’s most advanced user analytics platform.
“We have over 600 million unique wallets and nine billion transactions processed on 16 chains, with over 170 businesses integrated into our proprietary data infrastructure.
“Today marks a historic breakthrough in the Cookie3 history. The solutions we’ve been developing find utility across three different platforms, designed not only for analytics but also for user acquisition and engagement.
“We believe that MarketingFi can and will change the value distribution game. We are excited to contribute to this ecosystem with the Cookie3 multi-platform ecosystem, fueled by the COOKIE token – the future carrier of the MarketingFi value.”
COOKIE utility – one token, many platforms The COOKIE token will find utility in all parts and corners of the Cookie3 ecosystem – Cookie3 analytics, Cookie3 affiliate and Cookie3 score – generating rewards for its holders and stakers.
Moreover, it will grant governance rights within the Cookie DAO with voting rights on matters relating to its treasury, comprising eight-percent of the COOKIE supply.
The Cookie3 core team also shared that COOKIE token holders will often get to decide the future of Cookie3 products, platforms and the token’s role within the ecosystem, alongside benefiting from exclusive access to token-gated features.
The Cookie3 team has also teased a gamified COOKIE airdrop, with more information to be released soon on the Cookie community platform, which will launch on March 28, 2024.
About Cookie3 Cookie3 pioneers MarketingFi with an AI data layer – a transparent marketing economy unlocking value for Web 3.0 users, creators and businesses, with over 170 DApps such as Kyber Swap, Mantle, Polkastarter, Linea, GameSwift, Eesee and Insomnia Labs already using Cookie3 technology.
To realize its mission, Cookie3 is building a set of MarketingFi platforms and Web 3.0 AI marketing solutions that connect projects with the right audiences, creating profitable opportunities for both.
Cookie3 uses off- and on-chain analytics alongside a Web 3.0 AI data layer to ensure only valuable user and project interactions benefit from the MarketingFi ecosystem.
In an economy where lines between business owners, investors and consumers are blurred, effective marketing becomes collaborative, and value flows freely between all stakeholders.
Backed by top institutional investors such as lead investor Spartan Group, GSR, Big Brain Holdings, CMT Digital, Hartmann Capital, Jsquare, Orange DAO, Polkastarter and Chain GPT, Cookie3 fills the gap where Web 2.0 marketing comes short.
Users can learn more at the website.
About Cookie DAO The Cookie DAO is a collective of MarketingFi enthusiasts aiming to bolster decentralization through innovative blockchain solutions.
It created the COOKIE token and injected it into the Cookie3 ecosystem to drive the MarketingFi ethos forward through governance and tokenized support.
Anyone can become a member of the Cookie DAO. The sole requirement is to believe in MarketingFi and want to drive the MarketingFi economy forward.
Cookie DAO members are encouraged to hold and stake COOKIE for access to additional rewards and voting rights on matters relating to the Cookie DAO’s treasury and future.
Users can learn more here.
About ChainGPT ChainGPT is an advanced AI infrastructure dedicated to developing AI-powered technologies for the Web 3.0, blockchain and crypto spaces.
Their mission is to improve the Web 3.0 space for retail users and startups by developing AI-powered solutions.
Users can learn more at the website.
About Polkastarter Polkastarter is the leading early-stage fundraising protocol enabling Web 3.0’s most innovative projects to kickstart their journey and grow their communities.
Polkastarter allows its users to make research-based decisions to participate in high-potential public sales.
Users can learn more at the website.
Contact Krystyna Kozak-Kornacka, chief marketing officer at Cookie3
Binance od 2. ledna 2025 pozastaví vklady TROY přes BNB Smart Chain kvůli možnému bezpečnostnímu problému u kontraktu TROY-BEP20. Vklady a výběry přes Ethereum zůstávají beze změny.
Cryptocurrency exchange Binance announced that it will suspend deposits for the altcoin TROY (BSC) starting January 2, 2025. This decision was made due to a potential security issue related to the TROY-BEP20 token contract. The exchange emphasized that this action was taken to ensure user security.
Binance Ends Support on BSC NetworkBinance stated that it will no longer support TROY coin deposits through the BNB Smart Chain (BSC) network. The company mentioned that it attempted to communicate with the project team to verify the collateral situation concerning coins issued on the BSC network. However, it was emphasized that the project team did not provide adequate explanations regarding the matter.
Binance TROY (BSC) AltcoinThe cryptocurrency exchange specified that it would only resume deposits for TROY once it is deemed secure. Additionally, it was noted that no separate announcement would be made regarding this issue.
Ethereum Network Transactions UnaffectedOn the other hand, Binance announced that users can continue to deposit and withdraw TROY through the Ethereum $1,623 network. The cryptocurrency exchange indicated that these services are not affected by the aforementioned security concerns. Binance also added that it aims to contribute to the transparency and sustainable growth of the cryptocurrency ecosystem while prioritizing user safety.
Such actions in the cryptocurrency market are a continuing concern for users. Measures taken by major exchanges like Binance are significant for the reliability of the sector. Users must closely monitor such announcements and plan their transactions accordingly.
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.
Senátorky Cynthia Lummis a Kirsten Gillibrand představily nový návrh zákona o stablecoinech v USA. Zakazuje algoritmické stablecoiny a vyžaduje 1:1 rezervy.
Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced fresh stablecoin legislation Wednesday, renewing lawmakers’ years-long attempt at enacting a comprehensive framework for the class of crypto assets in the United States.
The 117-page bill includes a raft of definitions pertaining to the sector, outlining rules on the state and federal levels for firms to issue so-called payment stablecoins. The bill also requires that firms conduct any stablecoin activities through subsidiaries. Stablecoins are crypto assets that are pegged to (and backed by) fiat currencies, and maintain a stable price point.
The new requirement differs from how some companies have handled stablecoins in the past. For example, Binance, which is not a bank, once offered its Binance USD (BUSD) stablecoin through Paxos Trust, which is not a subsidiary of the crypto exchange. The companies’ support of BUSD, however, drew to a close after Paxos was warned of a potential enforcement action by the SEC last year.
Different regulations would apply to companies depending on the outstanding value of stablecoins issued. Under the bill, dubbed the Lummis-Gillibrand Payment Stablecoin Act, a $10 billion cap is placed on state regulators’ ability to authorize and supervise non-depository trust companies involved in the stablecoin space.
🚨@gillibrandny and I are introducing the most comprehensive stablecoin bill to date.
Crypto assets are revolutionizing the world and as the undisputed leader in financial innovation, the U.S. must embrace crypto assets, but it cannot be done without clear rules for stablecoins. pic.twitter.com/vwRUEBUdsl
— Senator Cynthia Lummis (@SenLummis) April 17, 2024
“The legislation maintains the dual banking system that is critical to preserving the parity enjoyed by the state and federal financial institutions,” Lummis said on Twitter (aka X) on Wednesday.
Last week, Senate Majority Leader Chuck Schumer (D-NY) met with key legislators from the House Financial Service Committee to discuss stablecoin legislation, per Punchbowl News. During the meeting, lawmakers reportedly discussed folding bipartisan legislation into a bill reauthorizing the Federal Aviation Administration (FAA).
“I think there’s momentum,” Gillibrand said in an interview on CNBC’s "Squawk Box" Wednesday. “As part of the FAA reauthorization, it can be done quite quickly.”
Often referred to as the "Bitcoin Senator," Lummis' advocacy for crypto on Capitol Hill dates back to her election win in 2020. However, Lummis says she bought her first Bitcoin back in 2013, believing in its potential to address issues in today's financial system.
Under the new bill, it would be unlawful for stablecoin issuers in the U.S. to issue algorithmic stablecoins. Instead of using assets to back a stablecoin’s value, algorithmic coins keep their price pegged to the dollar (or other asset) with trading incentives.
Additionally, the bill requires that stablecoin issuers maintain one-to-one reserves for stablecoins. Often, fiat-backed stablecoins are pegged to the dollar through a mix of liquid assets like U.S. Treasuries and cash.
Algorithmic stablecoins caught attention on Capitol Hill following the collapse of TerraUSD in 2022, which shredded more than $40 billion worth of investors’ wealth. In February, U.S. Treasury Secretary Janet Yellen said it should still be a priority for Congress to pass legislation regulating the stablecoin market.
The senators’ bill introduced Wednesday follows the introduction of other crypto-related bills, such as the Lummis-Gillibrand Responsible Financial Innovation Act in 2022.
Outlining boundaries between the regulatory authority of the Securities and Exchange Commission and Commodity Futures Trading Commission, the bill was reintroduced in 2023.
So far, efforts to regulate crypto on Capitol Hill have died on the legislative grapevine. But Lummis is hopeful that the senators’ efforts could bear fruit before election season becomes too strong a force.
“We're going to keep pushing for weeks, rather than months,” Lummis said on "Squawk Box" Wednesday, adding that Congress is quickly approaching a period where “politics takes over policy.”
Edited by Stacy Elliott and Andrew Hayward
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Altura spustila na Morpho trh AVLT/USDT0 a poprvé umožňuje použít AVLT jako kolaterál pro úvěr ve stablecoinech bez opuštění výnosové pozice. Na startu jsou orientační sazby 12,25 % APY pro lending a 14,25 % pro borrowing.
London, United Kingdom, April 29th, 2026, Chainwire
Altura, the institutional yield strategies vault built on HyperEVM and led by an ex-Fidelity and PwC team, today announced the launch of an AVLT / USDT0 lending market on Morpho.
The integration marks the first time AVLT vault shares can be used directly as collateral to borrow stablecoins within a permissionless lending protocol, allowing holders to access USDT0 liquidity without exiting their yield position.
"AVLT was designed to put institutional yield strategies within reach of every investor. This integration with Morpho takes that a step further -- holders can now borrow against their position without sacrificing the yield working underneath it. That is a level of capital efficiency that simply did not exist for this type of asset before,” said Ranveer Arora - Co-Founder & CEO at Altura DeFi.
Indicative rates at launch are approximately 12.25% APY for lending and approximately 14.25% on borrowing.
AVLT as productive collateralThe Morpho integration changes the role AVLT plays in DeFi. Until now, holders generated yield passively by holding vault shares. With this market open, AVLT becomes collateral inside a permissionless lending venue, enabling holders to borrow USDT0 against their position while the underlying vault strategies continue to compound. Capital that was previously locked in yield generation can now be deployed elsewhere without the holder redeeming their Altura position.
Morpho's permissionless architecture supports isolated markets with custom risk parameters, making it particularly suited to structured asset classes like AVLT.
Unlocking Liquidity From Yield Positions Altura is a multi-strategy yield protocol designed to deliver sustainable, blue-chip grade returns through a single unified vault. Users deposit USDC or USDT from HyperEVM, Ethereum, Polygon, Arbitrum, Optimism, and receive AVLT, the protocol's yield-bearing vault share token.
Yield accrues automatically via a rising price-per-share model, meaning holders do not need to claim or manage positions manually.
The protocol allocates capital across a diversified set of non-directional and asset-backed trading strategies, including market making, funding rate and basis arbitrage, staking yield capture, structured liquidity provision and gold RWA strategy.
A distinctive component to Altura is a real-world asset strategy, which generates returns through short-cycle physical gold arbitrage facilitated by its trading partners. A mechanism that was historically used by institutional commodities desks but had been effectively closed to smaller investors due to high capital requirements and counterparty complexity.
The architecture emphasises institutional-grade yield generation with layered security measures. Rather than relying on inflationary token emissions; Altura’s framework relies on real economic activities that are publicly accessible via their dashboard. Through this open transparency, the protocol has completed six independent security audits across Adevar Labs, Omniscia, and Sherlock.
About Altura:
Altura is a multi-strategy DeFi yield protocol built on multiple EVM chains, designed to give users access to institutional-grade trading strategies through a single on-chain vault. Users deposit stablecoins and receive vault shares representing proportional ownership, while the protocol automatically deploys capital across diversified, market-neutral strategies including arbitrage, funding rate capture, market making, and real-world asset trading. Yield is reflected through a price-per-share model, allowing returns to accrue transparently as underlying strategies generate revenue.
The protocol is built around transparency and capital efficiency, with all fund movements, strategy activity, and balances verifiable on-chain. Rather than relying on token emissions or speculative exposure, the company sources yield from real economic activity such as market inefficiencies, liquidity provision, and asset-backed trading, including gold arbitrage. By abstracting execution while maintaining visibility, the team aims to provide a passive, auditable way for users to access diversified yield strategies typically reserved for institutional participants.
About Morpho:
Morpho is a decentralized lending protocol with different entities and individuals contributing to its development and adoption. As a result, the documentation refers to different areas of “Morpho” which are worth distinguishing.
Altura začne řízeně uzavírat vaulty po prudkém nárůstu výběrů; během uplynulých 24 hodin zpracovala více než 8,5 milionu USDT v okamžitých výběrech. Tým uvádí, že chrání kapitál uživatelů a dokončí všechny výběry.
PANews, June 22 — Ranveer Arora, CEO of the on-chain yield platform Altura, posted on X stating that the platform has received an unprecedented number of withdrawal requests over the past 24 hours and has successfully processed over 8.5 million USDT in instant redemptions. Given the sustained withdrawal demand and current market sentiment, the team has decided to begin an orderly wind-down of the Altura vaults, prioritizing the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner. The team has notified all counterparties and partners and has begun closing positions in the investment portfolio. Arora stated that some positions can be redeemed immediately, while others require standard settlement and redemption periods, and the team is working with all counterparties to accelerate the process.
One day before this post was published, Altura issued a statement regarding the Mainstreet (MSY) depegging incident, clarifying that it has never had any exposure to Mainstreet or any of its underlying investment strategies, and that its HyperEVM lending vaults, related markets, and Ethereum vaults remain unaffected.
NuNet, a decentralized peer-to-peer network for sharing computing power, has announced the launch of Cardano-based payments.
NuNet made the announcement following a successful demonstration of decentralized compute payments on the Cardano blockchain. The event confirms real-world functionality rather than a conceptual roadmap, signaling readiness for broader adoption.
Key Points NuNet has launched Cardano-based payments for its decentralized peer-to-peer compute network. This support follows the release of Device Management Service (DMS) v0.9.0, which expands contract settlement beyond Ethereum. The system allows seamless switching between Ethereum and Cardano within a single payment flow. While Cardano payments are now live, the network’s native NTX token will continue to drive coordination and orchestration. Adding Cardano support represents a key milestone ahead of NuNet’s mainnet launch, scheduled for early March. NuNet Expands Contract Payments Beyond Ethereum NuNet positioned itself as a multi-blockchain decentralized compute marketplace but relied primarily on Ethereum for settlement, in line with broader Web3 standards. However, earlier this month, the project reached a key milestone with the release of Device Management Service (DMS) v0.9.0.
With this update, NuNet added Cardano support to its payment system, extending settlement beyond Ethereum and strengthening its multi-chain architecture. As a result, users can now deploy compute jobs and pay directly with ADA, while the NTX token continues to drive network coordination and orchestration.
Moreover, the system allows seamless switching between Ethereum and Cardano, delivering a production-ready payment flow from deployment through settlement. Overall, this upgrade builds on earlier infrastructure improvements and positions NuNet for its live phase with full multi-blockchain support.
NuNet Gears Up for Mainnet Launch According to NuNet, activating Cardano payments represents a pivotal step toward its mainnet launch. The mainnet infrastructure is scheduled to go live on March 2, 2026, marking the transition from testing to a fully operational decentralized compute economy.
In a statement, the NuNet team emphasized that its infrastructure is now ready for global adoption. Following the deployment of Cardano-based payments, the project stated that it has showcased its ability to deliver seamless payments, multi-blockchain support, and real-world utility.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Jito Labs v červenci spustí JTX, spotovou obchodní aplikaci pro spotřebitele na Solaně. Později chce přidat perpetual kontrakty a funkce prediction market.
On May 5, Jito Labs—the Solana ecosystem’s staking protocol—announced plans to launch JTX, a consumer-focused crypto trading app, in July this year. This marks its official shift from the infrastructure layer to front-end transaction services. Early versions of JTX will support Solana-based spot trading, with plans to later integrate perpetual contracts and prediction market functionality. Access to the perpetual products may be facilitated via Phoenix, a trading platform within the Solana ecosystem. Founded in 2021, Jito currently has approximately 39 employees and holds over $1 billion in cash. The company delivered strong performance in 2025, once generating nearly $6 million in revenue in a single week amid popular on-chain transactions on Solana (such as the meme coin craze). Last year, it secured a $50 million investment from Andreessen Horowitz’s crypto fund. Jito CEO Lucas Bruder stated the firm is no longer content with merely providing underlying infrastructure. Instead, it aims to directly reach users through in-house developed apps to enhance the on-chain transaction experience.
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Strive Vice President Joe Burnett wrote in an article that prior to the TerraUSD collapse, roughly $18.7 billion in UST was in circulation, backed by just $3.1 billion in Bitcoin reserves, and UST allowed immediate redemptions. Currently, Strategy holds around $51.5 billion in Bitcoin, corresponding to a circulating STRC supply of approximately $10.5 billion, while STRC is not an immediately redeemable asset. He stressed that the two differ significantly in collateral structure, asset coverage ratio, and redemption mechanism, noting "they are clearly completely different models."
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According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.
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According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.
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According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.
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The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.
According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.
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James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.
According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.
Phoenix Trade na Solaně spouští mobilní obchodování přes prohlížeč telefonu nebo vestavěný prohlížeč peněženky, bez nutnosti instalace aplikace. Nabízí stejný orderbook jako na desktopu včetně limitních příkazů a on-chain vypořádání.
Phoenix Trade, the on-chain perpetuals exchange built on Solana, has opened up mobile access for its trading platform. Users can now trade directly through their phone’s browser or wallet-embedded browser without downloading a separate app.
What Phoenix is actually offering on mobile The mobile version isn’t a stripped-down companion app. Phoenix is pushing the same orderbook experience to mobile that desktop users already have, including limit orders, on-chain settlement, and instant fund withdrawals after trades complete.
Phoenix processes trades with an average settlement time of roughly 0.5 seconds. Users can access the platform by navigating to phoenix.trade on their mobile browser or through their wallet’s built-in browser. The platform also supports referral codes for fee sharing and builder codes that let developers route order flow through Phoenix.
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The numbers behind the timing Phoenix didn’t launch mobile into a vacuum. The platform recorded an all-time high daily trading volume of $4.3 million on May 13, 2026, less than three weeks before the mobile launch.
Phoenix runs a fully on-chain orderbook, which means every order, every fill, every cancellation lives on Solana’s ledger. Most competing perpetuals platforms rely on oracle-based pricing or off-chain matching engines to hit their volume numbers. Oracle-based perp platforms essentially take a price feed from somewhere else and let traders bet against it. A fully on-chain orderbook means real buyers and sellers are matching directly, with the blockchain serving as both the matching engine and the settlement layer.
From spot DEX to perpetuals platform Phoenix originally launched on Solana’s mainnet in 2023 as a spot limit-orderbook DEX, built by a team called Ellipsis Labs. The expansion into perpetual futures was the natural next step. Building a perp product on top of an existing orderbook infrastructure gave Phoenix a structural advantage over teams starting from scratch.
The mobile launch fits into a broader pattern within the Solana ecosystem that has been leaning heavily into mobile-first crypto experiences. Solana Mobile’s hardware efforts, including dedicated Android devices optimized for crypto, have created a small but growing cohort of users who expect to do everything from their phones.
What this means for traders and the Solana ecosystem Phoenix’s approach of using the mobile browser rather than a native app sidesteps app store friction for both users who don’t want another app and developers who have to navigate Apple and Google’s policies toward crypto applications.
The risk, as always with on-chain orderbooks, is liquidity. A $4.3 million daily volume high is encouraging but still thin enough that large orders could move markets in ways that deter institutional or semi-professional traders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bithumb a Upbit zařadily Grostlcoin (GRS) mezi projekty s upozorněním na obchodování a současně pozastavily vklady. DAXA uvedla, že tým projektu nezveřejnil dostatek klíčových informací a existují nesoulady, které mohou ohrozit investory.
**December 2 Update** South Korean crypto exchanges Bithumb and Upbit announced the same day they will list Grostlcoin (GRS) as a "Trade Caution" project and suspend deposits simultaneously. DAXA, the self-regulatory body for Korean exchanges, noted in its review that the GRS project team failed to disclose sufficient key information impacting the token’s value. The project’s actual progress also showed multiple non-compliant issues, posing a potential risk of harm to investors.
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Strive Vice President Joe Burnett wrote in an article that prior to the TerraUSD collapse, roughly $18.7 billion in UST was in circulation, backed by just $3.1 billion in Bitcoin reserves, and UST allowed immediate redemptions. Currently, Strategy holds around $51.5 billion in Bitcoin, corresponding to a circulating STRC supply of approximately $10.5 billion, while STRC is not an immediately redeemable asset. He stressed that the two differ significantly in collateral structure, asset coverage ratio, and redemption mechanism, noting "they are clearly completely different models."
12 minutes ago
trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)
According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.
12 minutes ago
Japanese storage chip manufacturer Kioxia's share price rose more than 12%
According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.
12 minutes ago
Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.
According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.
12 minutes ago
The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.
According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.
12 minutes ago
James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.
According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.
MXC vyskočil až o 247 % po obnovení těžebního programu Moonchain a sérii aktualizací ekosystému. Denní objem obchodů vzrostl o více než 500 % na téměř 22,5 milionu USD.
MXC, the native token of the Layer 3 blockchain platform Moonchain, surged as much as 247% recently, thanks to the reactivation of its mining program and a wave of ecosystem updates.
According to Coingecko data, Moonchain (MXC) reached an intraday high of $0.00525 on the morning of May 29, Asian time, pushing its market cap past $11.6 million. When writing, the token was up 675% from its lowest point this year, marking one of its strongest moves in 2025 so far.
MXC crypto also recorded a sharp uptick in trading activity, with daily volume spiking over 500% compared to the previous day, reaching nearly $22.5 million, signalling a flood of new interest and momentum.
What’s behind the rally? There are three main catalysts driving MXC’s breakout:
First, the Moonchain team officially reactivated MXC mining on its network using MatchX’s M2 Pro and NEO miners, following a temporary outage on May 21. This reactivation also came after a community poll conducted by MatchX on X on May 19, where 97.9% of participants voted in favor of resuming MXC mining.
For context, MatchX is a German tech company that builds low-energy mining hardware specifically for the Moonchain ecosystem. Their devices help power Moonchain’s data infrastructure and allow users to earn MXC by participating in its Proof of Participation (PoP) system.
Second, Moonchain teased the upcoming launch of its Initial Hardware Offering (IHO). This campaign will send out free physical mining devices, possibly wearables like smartwatches or rings, to Moonchain token holders using an Ethereum smart contract.
According to the project’s Q2 2025 roadmap, the IHO will also include “health-based” mining devices and limited-edition high-hash-rate models to reward users who lock up their tokens early. Distribution hubs are also being set up in key regions to ensure faster deliveries.
Third, Moonchain recently completed an integration with OKX Wallet, a leading multi-chain wallet in the Web3 space. The integration allows users to easily access Moonchain’s dApps, staking features, and token tools across mobile, browser, and Telegram.
With OKX Wallet’s support for over 1,000 protocols, the move better positions both existing and new users to engage with the ecosystem.
What Is Moonchain? For those unfamiliar, Moonchain is a Layer 3 blockchain platform that combines AI, IoT, and DePIN (Decentralized Physical Infrastructure Networks). Its native token, MXC, powers transactions within the network, supports an inter-chain NFT marketplace, and rewards participants via its energy-efficient Proof of Participation model.
The project also features MXProtocol and is building on Ethereum’s Layer 2 tech, including its own zkEVM, to improve compatibility with existing Ethereum-based apps. This positions Moonchain as a solid pick for developers working on real-world use cases, especially in smart devices and data-sharing networks.
MXC price outlook On the technical side, MXC has broken out of a multi-month descending channel, which often signals the start of a potential new uptrend. It also held above the key 61.8% Fibonacci retracement level at $0.0048 before cooling off to around $0.0041 at press time.
MXC price, MACD and RSI chart — May 29 | Source: crypto.news Momentum indicators support the bullish case. The MACD lines are crossing upward, and the Relative Strength Index is in the overbought zone, often a sign of sustained buying pressure and strong buyer conviction in an emerging uptrend.
However, overbought conditions can also bring short-term selling pressure if traders begin to lock in profits.
If MXC continues upward, the next likely target is around $0.0061, a key level it failed to reach in its earlier push. But if it drops below the $0.0030 support, it could slide further down toward the $0.00060 range, which is currently acting as a psychological support zone.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Stacks aktivoval Nakamoto Upgrade, který přináší finalitu Bitcoinu do sítě a zkracuje vypořádání na zhruba pět sekund. STX při tom klesl o 8,5 % na 1,59 USD.
The Stacks (STX) protocol has initiated the Nakamoto Upgrade, which introduces Bitcoin (BTC) finality to its network. Over the next 21 days, the ecosystem is set to experience a range of activities linked to this significant upgrade.
Stacks is one of the largest Bitcoin Layer-2 (L2) networks by market capitalization. Earlier this year, the STX community approved the Nakamoto upgrade, aiming to make the network faster and enhance block times.
Bitcoin L2 Stacks Initiates Nakamoto UpgradeThe Nakamoto Upgrade marks a new era of scalability for decentralized finance (DeFi) within the Bitcoin ecosystem and is one of the most significant changes to the Stacks network. Activated on Wednesday, this upgrade enhances transaction speeds and reduces settlement times.
Bitcoin’s standard settlement times previously ranged from 10 to 30 minutes or more. The Nakamoto Upgrade has slashed this to around five seconds—a 10X improvement that significantly boosts the Stacks network’s usability.
The upgrade received strong community support earlier this year and sets the stage for several key developments in the Stacks ecosystem. One of the major upcoming events is the introduction of sBTC, a decentralized asset backed 1:1 by Bitcoin.
Stacks is specifically designed to enable smart contracts and dApps to use Bitcoin as a secure base layer. By extending Bitcoin’s capabilities without altering it, Stacks unlocks billions in latent capital, allowing for a more dynamic and functional ecosystem.
Read more: A Beginner’s Guide to Layer-2 Scaling Solutions
The Nakamoto Upgrade comes as projects built atop the Stacks blockchain endured less-than-desirable speeds. These slow transaction times negatively impacted the user experience, making it challenging to support high-volume use cases and limiting developers from delivering complex DeFi products.
Despite the positive changes brought by the upgrade, which began on Wednesday, the total value locked (TVL) on the Stacks network has decreased by over $7 million, dropping from $98.10 million to $90.62 million. This decline in TVL suggests that the upgrade’s immediate impact on market confidence was mixed, even as the network undergoes notable improvements.
Stacks TVL. Source: DefiLlamaBeInCrypto data shows STX, the native token of the Stacks network, is trading for $1.59 at press time, down 8.5% since Thursday session openned.
Bitcoin L2s Could Initiate New WaveBitcoin L2 solutions are progressively gaining popularity, and have attracted significant investment. As BeInCrypto previously reported, VC funding towards Bitcoin L2s continues to grow, collectively raising an impressive $94.6 million in the second quarter of 2024.
This represents a substantial 174% increase quarter-over-quarter. Experts also revealed that at least 65 projects identified themselves as Bitcoin Layer-2.
“The crypto industry is catching on to the fact that much of what is done on alternative blockchains can be built on top of Bitcoin. Fortune 500 companies like MicroStrategy are tailoring their entire business towards Bitcoin’s Layer-2. Layer-2 faces no more regulations than other crypto platforms. The only challenges are technical, and the brightest minds are being pulled towards Bitcoin along with nation-states, etc,” Manuel Ferrari, Money On Chain Co-Founder, told BeInCrypto.
Read more: Beginner’s Tutorial to Start Using the Lightning Network
There is also speculation that L2s could spark a new bullish wave for Bitcoin, especially as the focus on scaling increases. This rising demand might lead to capital rotation, with overflow potentially moving into Layer-2 tokens like STX, Elastos (ELA), SatoshiVM (SVM), and BVM (BVM).
Elastos spustil BPoS NFT pro staking ELA, která mění stakované ELA a odměny na obchodovatelná NFT bez přerušení výnosů. Uživatelé mohou získat 2–3 % APR a NFT kdykoli spálit pro vyplacení odměn.
[PRESS RELEASE – Singapore, Asia, October 23rd, 2024]
Users can convert staked ELA and rewards into tradable NFTs, burn them anytime for Bitcoin-secured ELA APY rewards, and claim the staked ELA when the lock period ends. Anyone can stake ELA with a validator and earn 2–3% APR, with higher rewards for longer lock periods. Elastos continues to build momentum for a new decentralized finance model, offering flexible liquidity, Bitcoin-backed security, and simple wallet access. Elastos, a SmartWeb ecosystem provider, has expanded incentives for crypto users and validators with the launch of Bonded Proof of Stake (BPoS) NFTs. This new system offers users liquidity for staked assets by converting ELA and accumulated rewards into tradable NFT receipts, without interrupting rewards or waiting for the lock period to end. Through the Essentials Wallet, users can stake Bitcoin-secured ELA with a validator to earn 2–3% APR, with higher rewards for longer lock periods.
Today’s announcement underscores Elastos’ commitment to delivering value across the Smart Web ecosystem. Users can easily stake ELA tokens with BPoS validators on the Elastos Mainchain using the Essentials Wallet and issue BPoS NFTs. These NFTs can be freely traded or transferred on the Elastos Smart Chain (ESC), offering liquidity without affecting the staking period. Market participants can acquire NFTs to gain access to Mainchain rewards and the underlying staked asset. While the staked ELA remains locked until the staking period ends, NFT holders can burn their NFTs anytime to claim accumulated APY rewards.
“We are committed to delivering technologies that will create long-term value for our users and the ecosystem,” said Jonathan Hargreaves, Head of Global Growth at Elastos. “We are now in a position to deliver the tools and architecture that enable users to trade Bitcoin-backed value through ELA on Elastos without unstaking the underlying asset. This unlocks new market opportunities and sets the stage for BPoS NFTs to be used as collateral in BeL2’s upcoming Arbiter network. Ultimately, we aim to build a new model for decentralized finance backed by Bitcoin security, and we are entering a phase where users will increasingly benefit from these innovations.”
Backed by Bitcoin Security These NFTs represent receipts to claim ELA assets secured by Bitcoin’s hash power through Auxiliary Proof of Work (AuxPoW) and validators via the BPoS mechanism on the Elastos Mainchain. With 293.69 EH/s of Bitcoin’s total 580.74 EH/s hash rate, nearly half of Bitcoin’s security reinforces Elastos’ ELA, anchoring it in Bitcoin’s infrastructure without additional energy use and introducing new utility through mintable and burnable NFTs.
“With ELA’s fixed supply cap of 28.22 million, Bitcoin miner-shared security, and a 4-year halving cycle, ELA embodies Satoshi’s merge-mining BitDNS and Generalizing Bitcoin vision laid out on the Bitcoin forum in 2010,” added Sasha Mitchell, Head of BeL2. “Our roadmap continues to progress with the upcoming BeL2 arbiter network, which will support Native Bitcoin DeFi, allowing nodes to collateralize BPoS NFTs and unlock multiple revenue opportunities beyond ELA APY by supporting BTC-based services.”
Launching the BeL2 Arbiter Network Elastos plans to launch the BeL2 arbiter network by the end of 2024. This network will allow BPoS NFTs to be used as collateral for supporting time-based transactions such as loans and stablecoin pegs, including dispute resolution services. Arbiter nodes using these NFTs will earn Bitcoin and ELA rewards without moving Bitcoin from the mainnet. This approach combines security, liquidity, and financial innovation, positioning Elastos as a key player in the evolution of blockchain-based finance.
About Elastos Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components to create a modern internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. Its mission is to build accessible, open-source services that empower developers to create an internet where individuals own and control their data.
The Elastos SmartWeb platform allows organizations to recalibrate how the internet functions to better manage their data and privacy.
Elastos získal strategickou investici ve výši 20 milionů USD od Rollman Management. Peníze podpoří rozvoj Bitcoin DeFi protokolu BeL2, ELA a Web3 datové ekonomiky.
Majuro, Marshall Islands, January 30th, 2025, Chainwire
Funding accelerates the development of Elastos’ ELA token, Native Bitcoin DeFi protocol, and Web3 data economy – positioning Elastos as the utility layer for Bitcoin.
Elastos, a decentralized web infrastructure pioneer, today announced a $20 million strategic investment from Rollman Management to scale its Bitcoin-aligned ecosystem. Rollman Management, recognized for its high-profile investments in blockchain projects like Ripple, Ethereum, Solana, and Planck, now ranks Elastos among its top five holdings. The partnership will fuel the launch of Elastos’ Native Bitcoin DeFi protocol, BeL2, expand its merge-mined ELA token as a Bitcoin reserve asset, and accelerate Elacity—a Web3 data marketplace that enables creators to monetize content without intermediaries on top.
With Bitcoin’s market cap surpassing $2 trillion, Elastos solves critical gaps in Bitcoin’s ecosystem:
ELA as Bitcoin’s Merge-Mined Reserve Asset: ELA tokens have been secured by Bitcoin’s hash power through merge-mining since 2018, aligning with Satoshi Nakamoto’s 2010 vision for decentralized networks. With a total of 28,220,000 by 2105 and around 50% of Bitcoin’s hashrate, ELA gains security and decentralization, provides additional revenue for BTC miners at no extra cost, and creates a crypto economically sound reserve asset for Elastos’ Bitcoin-native DeFi system. BeL2: Bitcoin’s DeFi Breakthrough: Launching in Q2 2024, BeL2 allows Bitcoin holders to collateralize BTC in personal wallets and access Ethereum smart contract services. These include minting stablecoins, performing swaps, and borrowing assets peer-to-peer, unlocking its value all whilst eliminating reliance on synthetic BTC (e.g., WBTC) and centralized custodians. BeL2 combines locking scripts, zero-knowledge proofs, oracles, and an arbiter network where ELA stakeholders can stake ELA and earn BTC fees as decentralized nodes to support the protocol. Elacity: Web3’s Creator Revolution: Already proven in early tests, where one creator earned $5,600 in 24 hours through tokenized podcast access, Elacity v2 will launch in April with channels and subscription models. It enables influencers to encrypt, tokenize, and sell content/royalties on Elastos for audio and video markets, with plans to extend its technology to support the tokenization of AI markets. “Leveraging Bitcoin’s trillion-dollar consensus to empower Web3 users with scalable utilities—that’s where Elastos comes in,” said Rong Chen, Elastos Founder. “Merge-mining ties ELA’s security to Bitcoin’s, and BeL2, Elastos’ decentralized finance protocol, unlocks BTC-backed DeFi without compromises, whilst Elacity creates a decentralized digital goods economy on top. Rollman’s investment supports our role as Bitcoin’s utility layer”.
The $20M investment from Rollman will drive the advancement of Elastos technologies and also help Elastos reorient its branding, mature its technological stance, and go to market. This includes enhancing marketing efforts, which will further position Elastos as a leader in the growing Bitcoin-native DeFi space.
Elastos as a Pioneer in Bitcoin-secured Governance
Beyond its technological advancements, Elastos stands out for its Cyber Republic Consensus (CRC) governance model, formalized as a DAO LLC in the Marshall Islands, which signed this agreement with Rollman. This delegate-based system allows community members to stake Bitcoin merge-mined ELA, earn APY, and annually elect—or run as—one of 12 council members who vote on proposals, drive innovation, sign contracts, and validate Elastos’ Smart (EVM) and Identity (DID) sidechains. This ensures governance decisions reflect the community’s interests and demonstrates Elastos’ commitment to a truly decentralized and transparent ecosystem rooted in Bitcoin.
As Elastos enters its next phase of growth, participants can join the ecosystems CRC DAO by acquiring merge-mined ELA, which has a market cap of $48,542,586 and is secured by nearly 50% of Bitcoin’s hashrate (366.01 EH/s, equivalent to 244.008 Frontier Supercomputers). ELA offers 6+ years of proven security, a fixed cap of 28.22M tokens to be fully mined by 2105, and 3.29% emissions via its Essentials Wallet, ensuring scarcity and predictability for holders. Available on Centralized Exchanges (Coinbase, KuCoin, Gate.io, Huobi, Bitget, Crypto.com) and Decentralized Exchanges (Uniswap, Chainge Finance, Glide Finance), ELA empowers holders to shape Elastos’ future through CRC governance—driving innovation, reinforcing Bitcoin-level security, and building the next generation of decentralized applications.
Additional Information
ELA Merge Mining BeL2 Elacity Cyber Republic Consensus (CRC) Users can contact [email protected] for partnership inquiries or media requests. About Elastos
Elastos is a SmartWeb ecosystem builder focused on enabling decentralized application creation and cross-chain connectivity. Built on top of Bitcoin merge-mining, Elastos relies on the security of the world’s largest public blockchain and extends it with additional layers. The introduction of BeL2 and its Arbiter Network marks Elastos’ latest effort to advance a more open, clear, and trustless global financial system.
Website: Elastos.info
X/Twitter: @ElastosInfo
About Rollman Management Digital
Rollman Management Digital is a private investment and management consulting boutique that is incorporated in the British Virgin Islands. The firm seeks to invest in talented teams and their blockchain protocols to further develop their technology and business while adding significant value to the future of the modern economy.
RMD is led by Victor R. Ch. Rollman, the founder of Rollman Capital, Rollman Mining, and Rollman Management. The Group offers a wide range of investment opportunities, financial services, and management consultancy to UHNWIs, entrepreneurs, developing governments, commodity trading firms, banks, family offices, and pension funds.
Coinbase přidala Stader (SD) na svůj roadmap, což je důležitý krok pro token projektu Stader Labs. SD zároveň za 24 hodin vyskočil o 88 % na 0,7539 USD.
Coinbase Global Inc. adds Stader (SD) to its roadmap, a significant milestone that underscores the maturity of the Stader Labs’ governance token.
Crypto exchange Coinbase today confirms the addition of the Stader (SD) digital currency to its roadmap through the official X page. By formally adding SD, Coinbase recognizes the pivotal input the ERC-20 token has towards Ethereum (ETH) decentralization and Stader protocol.
Assets added to the roadmap today: Stader (SD)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) July 10, 2024
Coinbase Vote of Confidence on SD The bullish update coincides with the surge in SD price, lifting the liquid staking governance token among the largest digital asset gainers. Bulls are in control as SD rallies 88% in 24 hours to exchange hands at $0.7539. At press time, CoinGecko data shows the same uptrend applies to its market capitalization, now worth $33.26 million from a circulating supply of 41 million.
As America’s largest crypto exchange, Coinbase conforms to a strict listing policy for all digital currencies. The exchange reiterates that listing tokens on its roadmap hinges on the initiative’s technical, legal, and compliance standards.
SD debut on the Coinbase roadmap and for possible future listing affirms the Stader governance token maturity in its bid to further ETH decentralization within the SD Utility Pool. However, Coinbase cautions that the addition of a token to its roadmap does not guarantee future listing.
SD Rejuvenation Path The SD token taps the roadmap update with its trading volume 186.30% up in the past 24 hours to $5,976,529, signaling an accelerated rise in market activity. SD’s emergence traces to the onset of 2022, with the token setting an all-time high (ATH) of $30.17 in March. However, SD lost the appeal as its value plunged to a low of $0.2368 in October.
Market data confirms the Stader struggles with five days of flat price action trailing today’s bullish jump. Despite SD price comparatively 97.28% below its ATH, today’s rally positions it on a rejuvenation path of 18.8% gain in the past 30 days.
CoinGecko indicates that SD’s 28.60% price increase in the past seven days outperforms the global crypto market, down 2.60%. Consequently, the Coinbase roadmap update is a potential shift in SD’s accessibility to investors served by the US exchange and a potential catalyst for further price action.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Stader price climbed sharply after its listing on Bithumb’s Korean Won market, posting a surge of more than 40% in a single day.
Summary
Stader rose 42% on Aug. 26 following its listing on Bithumb’s Korean Won market. Governance updates, including July’s revenue buyback plan, continue to support token fundamentals. Technical signals point to a breakout, with potential targets at $1.12 and $1.40. At the time of writing, Stader (SD) was trading around $0.91, nearly 39% higher over the past 24 hours. The token’s rally has also lifted its seven-day performance by 26%, with momentum stretching beyond the past month.
Bithumb listing drives demand The announcement by Bithumb on Aug. 26 confirmed that SD would now be available in the KRW market through the Ethereum (ETH) network. The development instantly triggered the token’s price surge, briefly rising above $1.12 before declining slightly.
Additionally, trading volumes increased significantly, rising by more than 300% from to $25.5 million over the last day. With the listing, Korean traders will have direct access to SD via a major fiat exchange, bringing with it a new level of market visibility and liquidity.
Expanding ecosystem supports price action The surge’s timing aligns with the Stader ecosystem’s continued expansion. The group introduced Cabbage earlier this year, an AI-driven trading platform that makes trading memecoins easier with features like Crowd Pulse and Whale Watch.
According to Stader’s projections, even a small portion of monthly memecoin activity could generate substantial yearly revenue. Updates to governance have also added more utility to the token.
An recent vote by the DAO allocated 20% of protocol revenue toward buybacks of SD, which could be burned, redistributed to stakers, or used to reward traders. These developments have helped strengthen confidence in the project, providing a foundation for speculative interest even before the Bithumb listing.
Stader technical analysis On the daily chart, price action is currently moving along the upper Bollinger Band in the $0.90 to $1.00 range after SD broke out of its consolidation range around $0.60. The volume increase confirms that there is strong support for this breakout.
Stader daily chart. Credit: crypto.news There may still be space for the rally before overbought levels are reached, according to the relative strength index, which is currently at 64.
If the token sustains support at $0.74, attention may return to $1.12, the level that capped gains earlier in the session. A clear move above that level could pave the way for a move toward $1.40, a resistance level that was tested earlier this year.
However, if recent support is broken, there is a chance that the price will drop back to $0.60, where the previous base of accumulation was formed.
