Axie Infinity [AXS] recorded one of its strongest daily performances in recent weeks, climbing 23.13% as traders drove trading volume up 630.63% to $127.54 million.
The rally pushed the token to $1.16 at press time and lifted its market capitalization by 23.05% to $201.94 million.
Such a sharp increase in both price and activity highlighted a notable shift in market sentiment after several weeks of subdued performance.
Traders piled into AXS leveraged positions Derivatives activity strengthened as Open Interest climbed 91.02% and reached $38.64 million, reflecting a substantial influx of capital into futures markets.
Rising Open Interest alongside a rising price often indicates that new positions entered the market rather than existing traders merely closing exposure.
This development aligned with the broader increase in trading activity and highlighted growing speculative interest around the token.
However, elevated Open Interest can increase volatility when price approaches major resistance zones.
For now, the data suggested that market participants had shown stronger confidence in the recovery, with derivatives traders contributing significantly to the latest upside move.
Source: CoinGlass Supply on exchanges continued shrinking On-chain data revealed a notable reduction in exchange-held AXS supply.
Exchange reserves fell by 29.27% to 8.473 million tokens, extending a broader decline in available exchange balances.
Lower reserves generally indicate that investors have transferred tokens away from trading platforms, reducing the amount readily available for immediate selling.
The continued reduction suggested that a portion of holders had preferred custody outside exchanges rather than positioning for near-term liquidation.
Source: CryptoQuant AXS breakout shifts focus toward higher levels Price action strengthened considerably after AXS broke above a descending channel that had guided the downtrend throughout June.
The breakout developed after buyers defended support near $0.882 and regained control of short-term market structure.
AXS subsequently climbed toward the key $1.203 resistance level, which now stands as the immediate hurdle for further gains.
Technical indicators also supported the improving outlook.
The MACD produced a bullish crossover, while the histogram shifted into positive territory and reflected strengthening buying pressure.
Meanwhile, the Parabolic SAR flipped below price, signaling that the previous bearish trend had lost control.
Together, these indicators aligned with the channel breakout and reinforced the recovery narrative. If buyers continue defending the breakout zone, the market could maintain upward pressure.
Source: TradingView Final Summary Trading activity and leverage increased sharply, reinforcing AXS’s latest recovery attempt. Declining exchange reserves and bullish indicators supported the breakout above support.
Official Axie Links: the list of resources built by Sky Mavis for anyone who wants trusted, straight-from-the-source access, including the main site, Marketplace, Ronin wallet, support, blog, onboarding, and on-chain explorers.
Guides: the list of starter references for new players and collectors learning the ropes, including the Axie Collector’s Guide and the community AxieWiki.
Community Tools: the list of player-built tools for traders, Terrarium owners, and competitors chasing an edge, including Marketplace analytics, Terrariums managers, Origins trackers, and a Classic tracker.
We gathered every official and community-built Axie resource into this one post, from the Marketplace and Terrariums to Origins trackers, wallets, guides, and analytics. New players, veterans, and the friend you are onboarding will all find what they need, whether you are hunting for axies, growing your collection, or jumping back in after a break. Now you never have to dig for a link again. Bookmark it and keep it close.
You might even find a tool you have not tried yet. Let’s dive in.
Official home base for game info, lore, AXS, and the entire Axie universe.
🔗 : https://axieinfinity.com/
Help with wallets, battles, and transfers. Search the knowledge base or talk to a support specialist.
🔗 : https://support.axieinfinity.com/
Official news, announcements, and updates, read by over 350,000 subscribers.
🔗 : https://blog.axieinfinity.com
All-in-one hub for the Marketplace, AXS staking, delegation, the Bounty Board and more.
🔗 : https://app.axieinfinity.com/
Axie Land as a passive reward game. Activate plots, assign axies, and earn bAXS every hour.
🔗 : https://terrariums.axieinfinity.com/
New player guide with step-by-step setup for your wallet, your first axies, and your first gameplay.
🔗 : https://welcome.skymavis.com/
One wallet for everything on Ronin. Your gateway to the whole ecosystem.
🔗 : https://wallet.roninchain.com/
Send RON or ERC-20 tokens to multiple addresses in one transaction.
🔗 : https://scatter.roninchain.com/
Block explorer for Ronin. Search transactions, verify smart contracts, and track on-chain activity.
🔗 : https://explorer.roninchain.com/
Collecting starter guide covering rarity, the major sets, and the Triple Threat framework.
Community wiki with mechanics, guides, and reference for every Axie game.
🔗 : https://bit.ly/axiegameswiki
These tools are outstanding resources built by fellow Lunacians. The community trusts and vets them, but a friendly reminder that these are not official Sky Mavis products, so always do your own due diligence.
Treasury analytics for the Axie treasury, AXS staking, and bAXS breakdowns.
🔗 : https://axietreasury.com/
Real-time Marketplace sales, collectible dashboards, and Mementos tools.
🔗 : https://axieboo.com/
Marketplace analytics and live market trends.
🔗 : https://axiedashboard.thediep.tech/
Batch NFT transfers, scatter, delegation, snapshots, and CSV exports.
🔗 : https://ronin.axiedao.org/
A Swiss-army scanner for the Marketplace. Hunt Slips and Nightmare parts.
🔗 : https://ronin.tools/marketplace/
Competitive hub for tournaments, trackers, mini games, and events.
Axie Infinity [AXS] surrendered a large portion of its recent advance after sellers stepped in near the $1.25 area and pushed the token lower.
The asset traded at $1.03 at press time, reflecting a 12.3% decline over the last 24 hours. Despite the retracement, market activity intensified rather than faded.
Trading volume climbed 67.3% to $71.34 million, indicating that participants remained highly engaged during the correction.
Earlier, AXS delivered a sharp breakout move that attracted fresh interest across the market. However, the latest decline suggested that many traders secured profits following the rapid rise.
Even so, elevated volume showed that buyers and sellers continued battling for control, keeping AXS among the more actively traded assets in the market.
Are spot buyers absorbing the selling pressure? Spot market participants continued showing interest despite the recent decline.
According to CryptoQuant analytics, the Spot Taker CVD remained buyer-dominant, revealing that market buy orders continued to outweigh sell orders across the observed period. The trend suggested buyers had not fully stepped away even as the token corrected from its local high.
While price moved lower, spot demand remained relatively firm, creating an interesting divergence between market activity and price action.
Such conditions often reflect accumulation behavior rather than widespread capitulation.
Nevertheless, buyers still faced the challenge of absorbing supply from traders who secured profits during the rally.
If spot demand continues strengthening, AXS could stabilize above current levels.
Otherwise, persistent selling pressure could delay any meaningful recovery attempt over the near term.
Source: CryptoQuant AXS supply on exchanges keeps declining Exchange-held AXS supply continued shrinking despite the market pullback.
Exchange Reserve dropped 5.93% to approximately $8.61 million, extending the downward trend visible in recent sessions.
The decline indicated that fewer tokens remained available on trading platforms, which often reflects movement toward private wallets or long-term storage.
Although exchange outflows do not guarantee immediate price appreciation, they frequently reduce readily available sell-side liquidity.
In this case, the shrinking reserve contrasted with the sharp decline in price, suggesting that holders had not rushed to move large quantities of AXS onto exchanges for disposal.
As a result, the broader supply picture remained relatively constructive. Should demand improve again, lower exchange balances could provide a supportive backdrop for another upward move.
Source: CryptoQuant Breakout retest now faces a crucial test Price structure remained one of the most important developments on the chart. AXS had broken above a descending channel that had constrained price action since late April.
Following that breakout, the asset pulled back and revisited the former upper boundary of the channel.
Rather than signaling immediate weakness, such behavior often serves as a retest of a newly established support area. The current zone, therefore, carried significant importance for both bulls and bears.
The MACD line remained above the signal line, preserving the bullish crossover that emerged earlier in June.
In addition, the histogram stayed in positive territory, reflecting improving market conditions compared with previous weeks.
Resistance remained positioned near $1.203, while the next major support sat around $0.882. Buyers needed to defend the breakout region to preserve the improving structure.
If the retest held successfully, AXS could attempt another move toward overhead resistance.
Source: TradingView Ultimately, AXS showed signs of cooling after a rapid rally, yet several underlying metrics remained supportive.
Spot buyers continued dominating order flow, exchange reserves kept falling, and the MACD structure stayed constructive.
If buyers successfully defended the breakout retest, AXS could challenge the $1.203 resistance level again.
Final Summary Spot Taker CVD remained buyer-dominant, suggesting demand persisted despite AXS falling more than 12% in 24 hours. Exchange Reserve dropped to $8.61 million, indicating fewer tokens were readily available for selling.
Smooth Love Potion (SLP) is an ERC-20 token used for breeding Axies in the Axie Infinity game. SLP, produced through in-game activities and traded on decentralized exchanges like Uniswap, holds value in both the game economy and the cryptocurrency market. As Axie Infinity grows, the importance and value of SLP also increase. In this article, you can find answers to two frequently asked questions: What is Smooth Love Potion (SLP), and how to buy Smooth Love Potion (SLP) with TRY.
Smooth Love Potion is an ERC-20 token used as an in-game asset in the blockchain-based game metaverse Axie Infinity. Players in Axie Infinity collect, breed, and battle digital pets called Axies, represented by NFTs. The game operates on a multi-token economy using another ERC-20 token called Axie Infinity Shards (AXS) for governance. SLP tokens are necessary for breeding Axies and can be earned in-game or traded on cryptocurrency exchanges, making them accessible beyond the Axie Infinity ecosystem.
SLP tokens are not sold directly by Axie Infinity but are produced within the game. Players earn SLP by winning battles against computer-controlled monsters in “adventure mode” or competing against other players in “arena mode.” These activities reward players with experience points and SLP tokens, but earning enough SLP for breeding can be challenging, leading to the development of a secondary market on platforms like Uniswap. This market allows players to purchase SLP tokens from others, accelerating in-game progress.
To prevent excessive Axie supply, Axie Infinity has limited the number of times an Axie can breed. Each Axie can breed a maximum of seven times, and the SLP cost increases with each breeding. The first breeding requires 600 SLP, and by the seventh breeding, the cost gradually exceeds 10,000 SLP. Additionally, players must pay one AXS token per breeding. These costs help regulate the number of Axies in the game and limit each Axie’s income potential.
The supply of SLP tokens is dynamic, as they are continuously produced through in-game activities and burned during the breeding process. This makes the circulating supply of SLP dependent on player activities in Axie Infinity. As the game’s user base grows, the amount of SLP generated through in-game competitions and other events is expected to increase. This constant flow of supply and demand contributes to the token’s value both within the game and in the broader crypto market.
SLP tokens hold value in the Axie Infinity metaverse’s play-to-earn mechanics and the broader crypto market. The ability to trade SLP on decentralized exchanges like Uniswap sets it apart from many other in-game currencies. This external market presence makes SLP a significant asset not only for Axie Infinity but also beyond the metaverse economies and the NFT market.
How to Buy Smooth Love Potion (SLP) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Smooth Love Potion (SLP). Over 100 cryptocurrencies, including SLP, can be traded on Binance TR, where accounts can be quickly created. Follow these steps to buy Smooth Love Potion (SLP) with TRY on Binance TR.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. To do this, go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, an email/sms verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be performed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or the official Binance TR website. Note that you will need your mobile phone to verify your identity on the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first, tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first, select the document type that suits you best.
After selecting the document type, tap on the “Upload Front” option to continue. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload Back” option and take a photo of the back side of the document and upload it. Make sure the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible once the camera opens.
After completing all these steps correctly and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account through all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans accounts. Deposits up to 50,000 TL can be made 24/7 with FAST from other banks. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first, go to trbinance.com and hover over the “Wallet” option at the top left of the homepage, then click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do now is use the information displayed on the preferred bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy SLP Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to SLP coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the following page will open. Type “SLP” in the search section on the right side of this page and click on the SLP/TRY option from the results to go to the TL to SLP purchase page.
Now the following SLP trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy SLP in the first box and the number of SLP you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy SLP” button.
What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct banking channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users are supported by Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Web3 gaming platforms are blockchain-powered ecosystems that provide gamers and developers with tools to play, create, and trade in-game assets. These platforms prioritize security, transparency, and true ownership of assets, thereby enabling users to retain control over their purchases and sales without relying on centralized intermediaries. This guide highlights some of the best web3 gaming platforms worth exploring in 2026.
KEY TAKEAWAYS
➤ Web3 gaming platforms are blockchain-based ecosystems that enable decentralized gameplay, true asset ownership, and player-driven economies.
➤ These platforms often include a play-to-earn (P2E) model to drive engagement by enabling players to earn and trade in-game assets.
➤ Key factors to consider while choosing a web3 gaming platform include variety in the game library, P2E mechanics, and security, among others.
5 top web3 gaming platforms
1. TikTrix
Native token
$TRIX and $WORM
Launched in
2024
TikTrix is a web3 gaming platform that combines short-form media with casual games to offer a unique, engaging, gamified experience. It is built on the Meer Chain, an Arbitrum-based layer-3 blockchain optimized to enhance scalability, reduce costs, and improve performance.
TikTrix brings along an intuitive swipe-based navigation, gamified content, and a transparent rewards system powered by its native token, $TRIX.
At the core of TikTrix’s infrastructure are Meer Nodes, which decentralize content delivery, validate transactions, and reward contributors. These nodes ensure platform scalability and reliability while enabling participants to earn rewards by staking tokens and supporting the ecosystem.
Developers also benefit from TikTrix’s APIs and SDKs, which simplify the integration of games and features, thereby expanding the platform’s content library.
TikTrix has a dual-token economy, with $TRIX for governance and platform utilities and $WORM for in-game activities.
As of late January 2025, the platform plans to enhance its governance structure, expand the Meer Node network, and introduce a marketplace for token transactions. It also aims to integrate AI-driven tools for personalized gaming experiences and host large-scale gaming tournaments.
Pros
Unique combination of short-form media and casual gaming designed for broad appeal. Built on Meer Chain, a layer-3 blockchain offering optimized performance for web3 gaming. Decentralized infrastructure with Meer Nodes enhancing data storage and reliability. Dual-token system for governance, in-game transactions, and ecosystem stability. AI integration supports advanced analytics and ensures fair gameplay. Cons
Some technical elements, like node operations, may require advanced understanding. ➤ Layer-3 blockchain architecture: Meer Chain promises to ensure faster and more efficient processing for decentralized gaming activities. This could significantly improve scalability and performance.
➤ Meer Nodes: Extend IPFS functionality for decentralized storage of assets and AI training datasets.
➤ Dual-token economy: TRIX powers governance and platform utilities, while WORM facilitates in-game purchases and rewards.
➤ AI-powered tools: Analytics, abuse prevention, and leaderboard systems to create a fair and engaging user experience.
➤ Gamified engagement: Offers challenges and rewards designed to keep players involved and incentivized.
➤ Scalable ecosystem: Built to support global expansion with multi-chain compatibility and advanced blockchain infrastructure.
2. Gala Games
Native token
$GALA
Launched in
2019
Gala Games is a web3 gaming platform that aims to revolutionize the gaming industry by giving players true ownership of in-game assets. It was founded in 2018 by Eric Schiermeyer, co-founder of Zynga, the company behind popular games like FarmVille.
Gala Games combines blockchain technology, NFTs, and player-driven economies to create a unique gaming ecosystem.
The platform hosts a diverse portfolio of titles, including the likes of Town Star, Spider Tanks, and Mirandus — each promising engaging gameplay with ample earning opportunities.
At its core lies the GALA token, used for in-game transactions, governance, and rewards. Players can earn GALA and other game-specific tokens by playing games, owning nodes, or participating in the ecosystem. Gala Games supports decentralized decision-making, with node operators having a voice in platform development.
Pros
Provides players with true ownership of in-game assets using blockchain technology and NFTs. Expanding portfolio of games with engaging gameplay. Community-driven governance through player-operated nodes. GALA token supports P2E mechanics and incentivizes ecosystem participation. Strong leadership team with gaming and blockchain expertise. Cons
High entry cost for some games due to expensive NFTs or required assets. Complexity of blockchain elements may challenge non-crypto-savvy users. ➤ Player-owned economies: Gamers retain full ownership of in-game assets represented as NFTs, which can be traded or sold across marketplaces.
➤ GALA token utility: Facilitates in-game transactions, rewards node operators, and enables governance participation.
➤ Node network: Includes Founder Nodes for governance and game-specific nodes to support decentralized gameplay and reduce reliance on traditional servers.
➤ Expanding game portfolio: Offers games like Town Star (P2E farming), Spider Tanks (PvP brawler), and Mirandus (fantasy RPG) that cater to various genres.
➤ Decentralized infrastructure: Player-operated nodes ensure platform security and scalability, with rewards distributed to incentivize participation.
➤ NFT integration: Provides gamers with rare and unique assets. This paves the way for player-driven economies and earning opportunities.
3. Immutable X
Native token
$IMX
Launched in
2021
Immutable X is another popular web3 platform that promises to revolutionize the gaming and NFT markets. It offers a high-performance layer-2 scaling solution for Ethereum and promises to effectively tackle high gas fees, slow transaction speeds, and limited scalability.
The platform leverages Zero-Knowledge Rollups (zk-rollups) to ensure instant trade confirmations and gas-free transactions while also maintaining Ethereum’s decentralization and security.
It also provides a developer-friendly infrastructure that includes REST APIs, SDKs, and NFT-enabled wallets. These features collectively ensure a smooth integration of blockchain features into games and applications. At the same time, they also reduce development complexity, making it an attractive choice for game developers.
The Immutable X Marketplace further enhances the platform by offering zero gas fees for NFT trading and a shared global order book. These features boost liquidity, simplify user engagement, and encourage interoperability across marketplaces.
Players, meanwhile, benefit from true ownership of in-game assets, with the ability to trade, sell, and use these items across supported platforms.
Pros
Zero gas fees for NFT minting and trading. Powered by ZK-Rollups for scalability and decentralization. Strong marketplace with instant trade confirmations and high-frequency transaction support. Empowers players with ownership of in-game assets. Growing ecosystem attracting gamers, developers, and collectors. Cons
Limited number of supported games compared to traditional platforms (so far). ➤ Zero gas fees: Enables minting and trading of NFTs without transaction costs, thus lowering entry barriers for users.
➤ Zk-rollups scalability: Ensures faster transactions while maintaining security and decentralization on Ethereum.
➤ User-friendly marketplace: A reliable platform for trading NFTs with instant trade confirmations and high-frequency support.
➤ Cross-game asset ownership: Players can own and utilize assets across various games within the ecosystem.
➤ Developer-friendly tools: APIs and SDKs simplify game integration and encourage ecosystem growth.
4. QORPO
Native token
$QUORPO
Launched in
2018
QORPO is a web3 gaming and e-sports platform that blends blockchain technology with AAA-quality games to create an elaborate decentralized gaming ecosystem. It offers a one-stop hub for gaming, esports, and digital asset management that serves gamers and blockchain enthusiasts alike.
QORPO simplifies web3 gaming by uniting its products under QORPO WORLD, a suite that includes a web3 wallet, an NFT marketplace, a DAO-powered governance system, and advanced gaming mechanics powered by Unreal Engine 5.
This ecosystem combines new technology with community-driven principles to deliver an immersive gaming experience.
Some of the top games and features on the platform include:
➤ Citizen Conflict: A dystopian hero shooter that combines esports-ready mechanics, cyberpunk aesthetics, and a player-driven economy.
➤ AneeMate: A fantasy RPG where players rescue and own mythical creatures as NFTs — it’s a mix of strategy, exploration, and storytelling.
➤ QORPO Marketplace: A transparent, decentralized marketplace for trading in-game assets and NFTs.
Pros
Titles like Citizen Conflict and AneeMate offer immersive gameplay powered by Unreal Engine 5. QORPO WORLD integrates games, a wallet, an NFT marketplace, and governance in one seamless platform. The platform emphasizes decentralization by granting players true ownership of in-game assets via NFTs. Integration with Ethereum, BNB Chain, Immutable X, and more ensures low-cost, scalable transactions. Competitive and spectator modes appeal to esports enthusiasts. Cons
While streamlined, onboarding to blockchain gaming may still pose challenges for beginners. Some high-value assets might limit accessibility for casual gamers. ➤ QORPO marketplace: A decentralized marketplace for secure trading of in-game items, NFTs, and digital assets.
➤ Web3 wallet: Manage cryptocurrencies, NFTs, and stake assets within the QORPO ecosystem.
➤ DAO governance: Users vote on platform development, token listings, and roadmap milestones.
➤ Advanced game development: Powered by Unreal Engine 5 and AWS for high-performance gameplay.
➤ Multi-chain support: Offers compatibility with Ethereum, BNB Chain, Immutable X, and more for seamless transactions.
5. Axie Infinity
Native token
$AXS
Launched in
2018
Axie Infinity is another popular blockchain-based gaming platform that merges play-to-earn (P2E) mechanics with engaging gameplay. Players can collect, breed, and battle creatures called Axies, each represented as a unique NFT. These Axies, along with in-game rewards like Smooth Love Potion (SLP) and governance token Axie Infinity Shards (AXS), form the backbone of the ecosystem.
The gameplay includes virtual land ownership, P2E incentives, and a decentralized economy powered by the Ethereum-based Ronin sidechain. Meanwhile, the Axie Infinity Marketplace serves as a hub for buying, selling, and trading Axies, virtual land, and other in-game items.
Initially launched as Axie Infinity Classic, the game transitioned to Axie Infinity Origins in 2022 to enhance gameplay and accessibility. Despite a fluctuating player base in 2025, Axie Infinity remains a significant force in the GameFi space.
So far, this growing ecosystem has contributed to the rise of blockchain gaming by promoting peer-to-peer engagement and empowering players with ownership and autonomy of in-game assets.
Pros
Players own in-game assets like Axies and virtual land as NFTs The Ronin sidechain reduces gas fees and enhances transaction speed for a smooth user experience. Unique and rewarding P2E dynamics. Includes virtual land, AXS governance tokens, and in-game rewards like SLP. Regular updates and the introduction of Axie Infinity Origins reflect ongoing innovation. Cons
The cost of acquiring Axies or virtual land can deter casual players. Earnings have decreased as market saturation and economic adjustments impacted profitability. ➤ NFT-based gameplay: Each Axie is an NFT that grants players true ownership and the ability to trade or sell their creatures.
➤ Smooth Love Potion (SLP): Can be earned through gameplay. You can use this token for breeding Axies or trading on exchanges.
➤ Axie Infinity Shards (AXS): A governance token enabling holders to vote on platform decisions, stake for rewards, or purchase in-game items.
➤ Virtual Land (Lunacia): Tokenized plots where players can gather resources, earn AXS, and upgrade their Axies and base.
➤ Scholarship Program: Community-driven model where players can lease Axies to new users, thereby expanding access to the game.
How to choose a web3 gaming platform Considering the abundance of web3 gaming platforms out there — some established, others new and emerging — it makes sense to carefully consider the following factors to ensure the best gaming and investment experience:
Game quality and variety: Ideally, you should look for platforms offering engaging, high-quality games with diverse genres. A platform’s ability to deliver an immersive and engaging experience often reflects its commitment to innovation and player satisfaction.
Ownership and asset utility: You also want to ensure the platform provides true ownership of in-game assets via NFTs. Consider how these assets can be used across different games or ecosystems, as this can significantly improve their value and usability.
Blockchain integration: Check the platform’s underlying blockchain technology for scalability, transaction speed, and low costs. Established blockchains like Ethereum, Solana, or Polygon often provide sound infrastructures.
User-friendliness: A good platform should offer intuitive interfaces, easy wallet integration, and straightforward onboarding to make itself accessible to new and experienced users. Community and ecosystem: Platforms with active communities and strong partnerships often have better growth potential. Look for transparency in governance and opportunities to participate in decision-making.
Security and trust: Make sure that the platform undergoes regular audits and adheres to security standards. A track record of safe transactions and transparent operations is essential. Stay safe when gaming in web3 Web3 gaming ecosystems are still in the early stages of development and can’t yet match traditional gaming platforms in quality or game variety. However, many platforms, including some covered in this article, are making significant progress, with some even working to introduce AAA titles to their libraries. That said, what sets web3 gaming apart is its play-to-earn mechanics and true ownership of in-game assets. These aspects offer a unique appeal that compensates for the current limitations in quality and variety.
Each platform on our list offers distinct features and opportunities. So, start by exploring their game libraries, P2E models, and ecosystem dynamics to find the platform that best suits your preferences. Remember to always prioritize your safety when interacting with web3 platforms and never share your crypto wallet’s private keys or click unverified links.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Purchasing in-game tokens for investment purposes is risky and you may lose money.
Frequently asked questions What makes web3 gaming platforms different from traditional gaming platforms? Web3 gaming platforms integrate blockchain technology to offer a decentralized ecosystem where players assume true ownership of in-game assets as NFTs. Unlike traditional platforms, where assets are tied to the game, web3 assets can be traded or sold independently. These platforms also feature decentralized economies that allow users to participate in governance and earn rewards through play-to-earn models.
Can beginners play web3 games? Many web3 platforms are working to simplify onboarding for new users with intuitive interfaces and guides. However, understanding blockchain basics like wallets, tokens, and NFTs is essential for using these ecosystems. Beginners should start with platforms offering free-to-play options and comprehensive tutorials.
How do I pick the best web3 gaming platform? Key factors include the platform’s game library, play-to-earn dynamics, and supported blockchain ecosystems. Check for security measures, user reviews, and token utility to ensure a reliable experience. Assess compatibility with your devices and ease of use for smooth gameplay.
Orderly Network has partnered with Quickswap, the leading DEX on all Polygon chains, to launch QuickPerps: Falkor, a next-generation decentralized Perpetual Exchange. This integration unlocks a new level of functionality for DeFi traders on Polygon PoS, with key benefits powered by Orderly’s innovative omnichain vaults:
Enhanced Liquidity: Orderly’s robust liquidity layer combines with Quickswap’s, enabling leveraged trading with tighter spreads and lower slippage. Effortless Cross-Chain Trading: Deposit, withdraw, and trade assets seamlessly across all major EVM chains supported by Orderly, directly from the Falkor vault. No asset bridging required. Zero-Gas Leveraged Trading: Enjoy Polygon PoS’s fast network and low fees for vault deposits. Leveraged trading within the vault happens entirely gas-free thanks to Orderly Network. CEX-Like Experience: A familiar orderbook interface powered by Orderly’s CLOB infrastructure simplifies trading for both new and experienced users. Advanced Order Controls: Manage risk effectively with limit orders – all available within the user-friendly interface. This collaboration positions Quickswap to become the go-to DEX for leveraged trading on Polygon PoS. By solving the re-org issues that plagued previous perpetual protocols, Falkor has the potential to ignite a surge in trading volume on the platform.
Said Arjun Arora, COO of Orderly Network: “Partnering with QuickSwap aligns with Orderly’s mission to empower DEXs with superior infrastructure that enables them to rival traditional CEXs in functionality and performance. This integration is also a testament to Orderly Network’s versatility, as it enables an Automated Market Maker like QuickSwap to widen their product offering and offer perpetual futures for the first time on Polygon PoS.”
Said Sameep Singhania, Core Contributor at QuickSwap: “Our partnership with Orderly Network marks a significant leap forward for QuickSwap and the DragonFi ecosystem. By integrating Falkor with Orderly Network’s omnichain vault system, QuickSwap can empower its users with the best-in-class leveraged trading experience, complete with zero-gas fees, deep liquidity, and a user-friendly interface.”
Orderly Network has come a long way in a short amount of time. Since launching in 2022, Orderly has already surpassed US$38 billion in trading volume, and integrated some of the world’s highest-caliber decentralized exchanges into its novel permissionless liquidity layer. Backed by major investors like Sequoia China, Pantera Capital, Primitive Ventures, Dragonfly Capital, Jump Crypto, and GSR Ventures, Orderly has rapidly gained traction with DeFi builders and traders alike.
A Perfect Match for DeFi Growth
Polygon PoS’s fast network, cheap fees, and large user base (over 400k daily active users) create the perfect environment for DeFi to thrive. Orderly’s robust infrastructure, combined with Quickswap’s reach and Polygon PoS’s scalability, positions this collaboration as a major step forward for omnichain trading and DeFi on Polygon PoS.
“The integration of Orderly Network’s advanced perpetuals trading system into Quickswap marks a significant advancement in DeFi on Polygon PoS,” said Jack Melnick, Head of DeFi, Polygon Labs. “This development, supported by Orderly’s innovative omnichain vaults, underscores a vision of fostering a scalable, efficient, and user-friendly DeFi ecosystem.”
About Orderly Network
Orderly Network is a combination of an orderbook-based trading infrastructure and a robust liquidity layer offering spot and perpetual futures orderbooks. Unlike traditional platforms, Orderly doesn’t have a front end; instead, it operates at the core of the ecosystem, providing essential services to projects built on top of it.
Orderly Network’s DEX white-label solution is carefully crafted to save builders time and capital while granting access to our bootstrapped liquidity. Picture having the best features of CEXs while keeping settlements on-chain and maintaining full self-custody.
With Orderly, anyone can create a trading application thanks to our seamless plug-and-play experience leveraging our liquidity and composability.
Looking ahead, Orderly Network’s grand vision is to create an omnichain protocol, connecting traders from both EVM and non-EVM chains within the same orderbook.
For more information, users can visit Orderly Network’s: Official Website | Twitter | Telegram | Discord | Linkedin
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.
Orderly Network has partnered with Quickswap, the leading DEX on all Polygon chains, to launch QuickPerps: Falkor, a next-generation decentralized Perpetual Exchange. This integration unlocks a new level of functionality for DeFi traders on Polygon PoS, with key benefits powered by Orderly’s innovative omnichain vaults:
Enhanced Liquidity: Orderly’s robust liquidity layer combines with Quickswap’s, enabling leveraged trading with tighter spreads and lower slippage. Effortless Cross-Chain Trading: Deposit, withdraw, and trade assets seamlessly across all major EVM chains supported by Orderly, directly from the Falkor vault. No asset bridging required. Zero-Gas Leveraged Trading: Enjoy Polygon PoS’s fast network and low fees for vault deposits. Leveraged trading within the vault happens entirely gas-free thanks to Orderly Network. CEX-Like Experience: A familiar orderbook interface powered by Orderly’s CLOB infrastructure simplifies trading for both new and experienced users. Advanced Order Controls: Manage risk effectively with limit orders – all available within the user-friendly interface. This collaboration positions Quickswap to become the go-to DEX for leveraged trading on Polygon PoS. By solving the re-org issues that plagued previous perpetual protocols, Falkor has the potential to ignite a surge in trading volume on the platform.
Said Arjun Arora, COO of Orderly Network: “Partnering with QuickSwap aligns with Orderly’s mission to empower DEXs with superior infrastructure that enables them to rival traditional CEXs in functionality and performance. This integration is also a testament to Orderly Network’s versatility, as it enables an Automated Market Maker like QuickSwap to widen their product offering and offer perpetual futures for the first time on Polygon PoS.”
Said Sameep Singhania, Core Contributor at QuickSwap: “Our partnership with Orderly Network marks a significant leap forward for QuickSwap and the DragonFi ecosystem. By integrating Falkor with Orderly Network’s omnichain vault system, QuickSwap can empower its users with the best-in-class leveraged trading experience, complete with zero-gas fees, deep liquidity, and a user-friendly interface.”
Orderly Network has come a long way in a short amount of time. Since launching in 2022, Orderly has already surpassed US$38 billion in trading volume, and integrated some of the world’s highest-caliber decentralized exchanges into its novel permissionless liquidity layer. Backed by major investors like Sequoia China, Pantera Capital, Primitive Ventures, Dragonfly Capital, Jump Crypto, and GSR Ventures, Orderly has rapidly gained traction with DeFi builders and traders alike.
A Perfect Match for DeFi Growth
Polygon PoS’s fast network, cheap fees, and large user base (over 400k daily active users) create the perfect environment for DeFi to thrive. Orderly’s robust infrastructure, combined with Quickswap’s reach and Polygon PoS’s scalability, positions this collaboration as a major step forward for omnichain trading and DeFi on Polygon PoS.
“The integration of Orderly Network’s advanced perpetuals trading system into Quickswap marks a significant advancement in DeFi on Polygon PoS,” said Jack Melnick, Head of DeFi, Polygon Labs. “This development, supported by Orderly’s innovative omnichain vaults, underscores a vision of fostering a scalable, efficient, and user-friendly DeFi ecosystem.”
About Orderly Network
Orderly Network is a combination of an orderbook-based trading infrastructure and a robust liquidity layer offering spot and perpetual futures orderbooks. Unlike traditional platforms, Orderly doesn’t have a front end; instead, it operates at the core of the ecosystem, providing essential services to projects built on top of it.
Orderly Network’s DEX white-label solution is carefully crafted to save builders time and capital while granting access to our bootstrapped liquidity. Picture having the best features of CEXs while keeping settlements on-chain and maintaining full self-custody.
With Orderly, anyone can create a trading application thanks to our seamless plug-and-play experience leveraging our liquidity and composability.
Looking ahead, Orderly Network’s grand vision is to create an omnichain protocol, connecting traders from both EVM and non-EVM chains within the same orderbook.
For more information, users can visit Orderly Network’s: Official Website | Twitter | Telegram | Discord | Linkedin
In this exclusive interview, Roc Zacharias, CEO and co-founder of Layer-2 DEX QuickSwap, reflects on his unconventional journey as a Web3 founder. After leaving a doctoral program inspired by the Bitcoin whitepaper, Roc recounts how Polygon co-founder Sandeep Nailwal introduced him to the idea that eventually became QuickSwap.
He explains why he turned down multimillion-dollar investment offers from firms such as Lightspeed, Coinbase Ventures, and Mark Cuban, choosing decentralization over venture capital.
According to Roc, avoiding VC influence allowed QuickSwap to remain truly permissionless, with no external pressure to extract value from users.
He underscores the importance of social capital and community trust, warning founders that reputation is fragile and must be earned. Roc also views the improving U.S. regulatory climate as a positive signal for crypto’s future.
Looking ahead, he stresses resilience, longevity, and sustainable revenue as essential for founders navigating the market’s volatility.
Quickswap, a DEX built on Ethereum and supported by Polygon’s L2 network, today disclosed a strategic launch of Kyber Network on the Base Chain, establishing a new decentralized offering to millions of DeFi customers. Base Network, one of the rapidly advancing DeFi networks, hosts millions of proactive traders and a growing decentralized audience.
Based on this launch, Quickswap now enables seamless multi-chain swaps across DeFi networks, simplifying DeFi transaction experiences by eradicating the use of bridges and external utilities.
QuickSwap has integrated @KyberNetwork on Base Chain 🟦
KyberSwap will aggregate V4 and V2 swaps to provide tradooors with superior token prices and lower slippage on the DEX.
Aggregated liquidity on steroids. Based. pic.twitter.com/BGGjJDkglH
— QuickSwap 🐲 DragonFi 2.0 (@QuickswapDEX) August 13, 2025 Why Quickswap Selected Kyber Network Slippage, expensive transaction costs, and sophisticated conversion processes are major obstacles encountered by DeFi traders and even institutional investors. This partnership between Quickswap, Kyber Network, and the Base Chain helps to resolve these setbacks.
With this rollout, Quickswap utilizes KyberSwap’s tech infrastructure to enable DeFi investors to efficiently move assets across various chains with just one click. With KyberSwap’s advanced DMM (dynamic market maker), this integration implies Quickswap users can now swap assets with better rates and lower slippage across crypto networks.
KyberSwap was tapped due to its responsive Trading Routing feature that allows traders to access liquidity across various protocols to help accomplish better prices for any asset transfer on any supported chain.
Based on this launch, Quickswap seeks to improve customer convenience and effectiveness by eliminating sophistications traditionally linked with multi-chain transactions. By incorporating KyberSwap’s technology, Quickswap allows its customers to conduct trades across Ethereum, Polygon, Base, and other composable on-chain ecosystems seamlessly without the complexities of moving across numerous platforms or the utilization of external bridges.
Positioning Itself in DeFi Another substantial development noticed in this alliance is Quickswap broadening its footprint beyond Ethereum and Polygon networks by extending into another high-performing blockchain network, the Base Chain, a protocol owned by Coinbase.
Base is rapidly rising as a prominent Layer-2 chain with a specialty in resolving scalability challenges encountered by Ethereum. It currently hosts over 100 million users, an indicator showing its surging influence and its scaling proficiency to support responsive and fast-processing decentralized applications.
Quickswap’s move into the Base network is a tactical approach to connect its active audience with the Base’s growing ecosystem. It is a deliberate action to respond to the rising demand for composability within the DeFi environment. As the decentralized world continues to expand, the capability of swapping assets across varied chains has become increasingly essential.
By enabling rapid, seamless, and affordable swaps powered by Kyber Network’s technology, Quickswap displays its commitment to evolving into a leading multi-chain DeFi trading avenue, providing people with an efficient and convenient experience.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
SparkLend, the lending arm of the Sky Protocol ecosystem, currently shows more than $725 million in wrapped Ether borrowed at a variable rate of just 1.81%. That’s a borrowing cost low enough to make traditional finance blush, and it’s attracting serious capital.
The protocol’s utilization rate sits at 70.7%, meaning roughly seven out of every ten dollars deposited into its WETH pool are actively being lent out.
How SparkLend keeps rates anchored The protocol deliberately pegs its WETH borrowing cost to stETH staking yields, specifically using a two-day average minus 10 basis points.
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In English: if you can earn, say, 1.91% by staking ETH through Lido, SparkLend will let you borrow ETH for roughly 1.81%. The spread is razor-thin by design.
Steady growth, not a spike A snapshot from May 21 showed $761 million in WETH borrowed at a slightly higher rate of 1.85%, with utilization touching 72.1%. That same period saw nearly $1.95 billion in wstETH (wrapped staked ETH) supplied to the protocol as collateral.
Going further back, data from January 15 pegged total WETH borrowing at $711.1 million, representing 46.2% of SparkLend’s overall $1.54 billion borrowing pool at that time. So from January through June, the protocol has maintained borrowing volumes in the $700M to $760M range for WETH alone, with only modest fluctuations.
What this means for investors SparkLend is an Aave V3 fork operating under Sky governance (formerly MakerDAO). For ETH holders, sub-2% borrowing rates mean cheap leverage. If you’re bullish on ETH and want exposure without selling other assets, SparkLend offers one of the most cost-effective ways to do it in DeFi right now.
SparkLend’s approach anchors rates to an external yield benchmark — staking returns — rather than using algorithmic interest rate curves that respond to utilization, as traditional lending platforms like Aave and Compound do.
The risk is that staking yields could shift dramatically. If Ethereum’s staking rate drops significantly, SparkLend’s borrowing rate follows, potentially compressing lender returns to unattractive levels. Conversely, if staking yields spike, the spread narrows in a way that could reduce the looping incentive.
There’s also concentration risk to consider. With nearly $1.95 billion in wstETH supplied and $725 million in WETH borrowed, the protocol is heavily tilted toward a single asset class. A sharp ETH price decline wouldn’t just hit borrowers. It would pressure the entire collateral base simultaneously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
9 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
9 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
9 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
9 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
9 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
9 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
9 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
9 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
9 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
9 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
9 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
9 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
9 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
9 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
9 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
9 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
ETH swing trading whale nemorino.eth opens $10.71 million ETH swing trade again after 12 days
PANews reported on June 9th that, according to on-chain analyst Ai Yi, ETH whale nemorino.eth has launched a $10.71 million ETH swing trade after a 12-day hiatus. Eleven hours ago, it purchased 6328.6 WETH via Cowswap at an average price of $1690.7, and has already deposited 2000 of them into Aave. In the previous ETH swing trade that ended on May 28th, it incurred a loss of $480,000.
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A-shares close: ChiNext rebounds with volume up 2.84%, over 4200 stocks decline across the market
PANews reported on June 9th that Cyvers Alerts detected suspicious transactions related to Token of Power (TOP), resulting in a loss of approximately $1.58 million. An address depositing funds via TornadoCash initiated malicious transactions into the TOP/WETH Balancer V1 liquidity pool, draining the pool's funds and then depositing the stolen assets back into TornadoCash. Cyvers stated that this behavior resembled a fraudulent attack and advised users to pay attention to their risk control measures to mitigate similar risks.
Token of Power suffered an exploit on Tuesday that drained more than $1.5 million from its liquidity pool. On-chain firms Blockaid, PeckShield, and Cyvers flagged the incident in posts on X.
Token of Power lost 944.2 WETH, worth about $1.58 million, from its TOP/WETH Balancer V1 pool. Blockaid described the incident as a governance-takeover attack, while Cyvers traced the drain to the Balancer pool. PeckShield data showed the attacker later moved stolen funds into the Tornado Cash crypto mixer. The attack targeted the TOP/WETH Balancer V1 Pool and drained 944.2 WETH.
Token of Power, also known as TOP, is an Ethereum-based ERC-20 token. The project operates under a DAO called The Mask of Power. The project built TOP around collective ownership of a specific MetaMask NFT. Its token also supported liquidity for the project’s market activity.
Cyvers said the attacker drained funds from the TOP/WETH Balancer V1 Pool. The pool held TOP tokens and Wrapped Ethereum under a 50-50 structure. Wrapped Ethereum, or WETH, represents ETH in a token format used across DeFi.
The Balancer V1 pool functioned as an automated trading vault for both assets. Blockaid described the incident as a “governance-takeover attack” in its X post. PeckShield and Cyvers also published alerts as the transaction activity became visible on-chain.
On-chain firms report 944.2 WETH loss On-chain intelligence firms said the attacker added a large number of TOP tokens into the pool. The attacker then swapped those tokens against the pool’s real WETH reserves. The exploit drained 944.2 WETH, worth about $1.58 million at the time.
After the drain, the pool held heavily diluted TOP tokens. The incident left liquidity providers exposed to tokens with little market value. Further project details on recovery, compensation, or next steps remain unavailable.
PeckShield data showed the attacker later moved stolen funds into Tornado Cash. Tornado Cash is a crypto mixer that can make tracing funds more difficult. The movement to Tornado Cash followed the initial drain from the Balancer pool. Security firms have not yet published a complete technical report on the incident.
Exploit follows separate Humanity Protocol breach The Token of Power incident came one day after another reported DeFi security breach. As it was reported by crypto.news, Humanity Protocol lost $36 million in user funds through an employee’s laptop breach. The two incidents affected different projects and used different reported attack paths.
However, both cases drew attention from blockchain security firms this week. The Humanity Protocol breach involved a digital identity project built on blockchain infrastructure. In contrast, the Token of Power exploit centered on a liquidity pool.
The TOP project has not yet released a full incident review in the provided details. More information about the attacker’s route and possible project response remains pending. Blockaid, PeckShield, and Cyvers continue to serve as the main cited sources for the incident. Their alerts identified the affected pool, the estimated loss, and the fund movement.
PANews reported on June 11 that, according to Bits.media, the NovaBox platform's reward pool was hacked on Ethereum on June 9, resulting in the loss of approximately 56.73 ETH, affecting over 130 depositors. The attackers drained the pool from 65.11 ETH to 0.09 ETH in a single transaction, representing approximately 99.86% of the total. Security firm F12 stated that the incident was not due to a smart contract vulnerability, but rather a flaw in the reward distribution mechanism.
The attacker borrowed 427.5 WETH through an Aave V3 flash loan, exploiting a vulnerability in NovaBox's mechanism where dividends are paid out before the balance is updated upon user deposits and withdrawals. The hacker first deposited a small amount of NOVA tokens to trigger dividend calculation, then deposited a large amount of ETH, significantly increasing the actual share. However, because the system failed to update the balance in time, dividends were still calculated based on the previous small share, but were paid out based on the new large share, resulting in a "phantom dividend" of approximately 145.82 ETH, thus depleting the reward pool.
PANews, June 21 – MEV bot developer JaredFromSubway.eth posted that his MEV bot was hacked and drained of approximately $15 million in assets. He publicly offered a $1 million bounty for the full return of the funds, promising complete confidentiality and a secure return, emphasizing that this is a legitimate and time-sensitive bounty, and calling on the hacker to contact him privately.
Security firm Blockaid stated that the attacker constructed fake token wrappers and liquidity pools, tricking the automated MEV execution system into granting token approvals to attacker-controlled contracts. The attacker then exploited the unrevoked approvals to transfer out assets such as WETH, USDC, and USDT held by the bot via transferFrom. Blockaid noted that this incident was neither a traditional phishing attack nor a smart contract vulnerability in the victim contract itself; rather, the attacker exploited a flaw in the bot’s mechanism for automatically identifying arbitrage opportunities and generating approvals.
PANews, June 21 – According to PeckShieldAlert monitoring, the attacker of the MEV bot JaredFromSubway stole 1,474.58 WETH, 2.87 million USDC, and 2 million USDT. The attacker swapped the stolen funds for 4,400 ETH and has deposited 1,000 ETH into TornadoCash.
Earlier news reported that the MEV bot JaredFromSubway was attacked, with approximately $7.5 million in assets stolen.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
8 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
8 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
8 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
8 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
8 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Ethereum’s well-known MEV bot JaredFromSubway was drained after an attacker used contracts that made its automated trading system grant token approvals, according to Blockaid.
Summary
Blockaid says attacker-controlled contracts tricked JaredFromSubway’s automated system into granting approvals later used for draining. Jared publicly claimed a $15 million loss, while Blockaid’s public estimate stood near $7.5 million. Crypto.news previously tied JaredFromSubway to Vitalik Buterin’s swap and heavy Ethereum gas use in 2023. The security firm said the incident was not a normal phishing case and not a direct bug in the victim contract.
“This is not a classic phishing attack and not a traditional smart-contract vulnerability in the victim contract,” Blockaid said.
The firm said the bot approved attacker-controlled contracts during routes that appeared to be profitable MEV trades.
Blockaid says approvals stayed open Blockaid said the attacker first tested routes where approvals were used at once, leaving no open allowance. Later, the attacker changed the route design so the bot gave approvals that were not spent or revoked.
One example cited by Blockaid involved an approval of about 92.16 WETH to an attacker helper contract. Etherscan data for the transaction showed jaredfromsubway.eth interacting with its MEV Bot 2 contract before the later sweep. The transaction record also showed ERC-20 movements tied to the same automated route.
Final sweep hit WETH, USDC and USDT The final transaction used the open approvals to pull WETH, USDC and USDT from the JaredFromSubway MEV bot contract through transferFrom. Etherscan showed transfers from “jaredfromsubway: MEV Bot 2” to the attacker wallet beginning with 0x3e37.
Blockaid put the drained amount at about $7.5 million. The JaredFromSubway account later claimed the loss was $15 million and offered a $1 million bounty for the full return of the funds. That difference has not been fully explained in the public posts reviewed.
How the attacker turned the bot’s logic against it The attack appears to have targeted the bot’s own trading workflow. MEV bots watch Ethereum activity and act on transactions that look profitable. In this case, attacker-controlled contracts made the route look useful enough for the bot to approve spending rights.
The attacker used 66 fake token contracts that copied the look and function of WETH, USDC and USDT. These contracts were paired with fake liquidity pools. The setup pushed the bot toward approvals that later became the path for the drain.
JaredFromSubway’s record is back in focus JaredFromSubway is one of Ethereum’s most watched sandwich bots. In a sandwich attack, a bot places trades before and after a user’s swap. This can give the user a worse price while the bot captures the spread.
As previously reported by crypto.news, JaredFromSubway targeted a small swap by Ethereum co-founder Vitalik Buterin in April, using about $1.14 million in WETH volume across SushiSwap and Uniswap V2. Crypto.news also reported in 2023 that the bot used 455 ETH in gas within 24 hours and accounted for about 7% of Ethereum gas use during that period.
The exploit now puts attention on token approvals used by automated systems. The case shows how a system built to act quickly on open market data can be steered into unsafe permissions when controls around approvals are weak. It also adds a new chapter to the wider debate over MEV, sandwich trades and user protection on Ethereum.
For now, the key public details remain split between Blockaid’s technical thread, the on-chain records and posts from the JaredFromSubway account. No recovery had been confirmed in the reviewed updates.
An attacker drained more than $7.5 million from the notorious Ethereum MEV bot jaredfromsubway.eth by exploiting its automated trading logic rather than a traditional contract bug or phishing scam.Over several weeks, the attacker lured the bot into approving malicious helper contracts via fake tokens and liquidity pools that mimicked assets like WETH, USDC and USDT, then used those open approvals to pull funds and route some through Tornado Cash.The incident underscores both the scale and risks of industrialized sandwich-bot activity—jaredfromsubway.eth has been responsible for roughly 70% of Ethereum sandwich attacks, which cost traders about $60 million a year—by showing how machine-speed, pattern-based systems can themselves be turned into victims.Jaredfromsubway.eth, one of Ethereum’s most infamous MEV bots, has been drained for more than $7.5 million after an attacker turned the bot’s own automated trading logic against it.
The bot is known for sandwich attacks, a form of maximal extractable value, or MEV, in which an automated trader spots a pending transaction, buys ahead of it, lets the victim trade at a worse price, then sells immediately after.
The result is a small hidden tax on users that can add up across thousands of trades.
Sandwich attackers aren’t typically a form of exploit but are looked upon in crypto circles as a type of predatory behavior, which skims value from users, leads to a spike in gas fees and doesn’t benefit either the network or the user.
Security firm Blockaid said Saturday’s incident was not a normal phishing attack and not a simple bug in the victim contract. The attacker instead targeted the bot’s decision-making system.
The setup was built over several weeks, where the attacker deployed dozens of fake token contracts and fake liquidity pools - a term for a pile of tokens locked on a decentralized exchange - that looked like profitable trades. Some mimicked familiar assets such as wrapped ether (WETH), and dollar-pegged stablecoins USDC and USDT.
That bait did what it was supposed to do. Jaredfromsubway.eth’s bot saw what looked like MEV opportunities and generated approvals for attacker-controlled helper contracts to spend tokens on its behalf. Those approvals were used immediately as part of the trade in earlier tests, but later, the attacker created routes where the approvals stayed open.
This left the attacker with standing permission to pull funds. And they used those open approvals to transfer WETH, USDC and USDT out of Jaredfromsubway.eth’s contracts, draining more than $7.5 million.
Some of the stolen funds were later sent to Tornado Cash, onchain data reveiwed by CoinDesk showed.
The irony was hard to miss, meanwhile.
Jaredfromsubway.eth has long been one of the most visible symbols of toxic MEV on Ethereum. Sandwich attacks cost Ethereum traders about $60 million a year, with 60,000 to 90,000 attacks per month between November 2024 and October 2025.
Roughly 70% of those attacks were associated with Jaredfromsubway.eth, who has been active since early 2023.
CoinDesk reported in May that the same bot had even sandwiched a small swap by Ethereum co-founder Vitalik Buterin. It put up $1.14 million to frontrun Buterin's trade to make just $4 (after fees, the bot a few dollars money on this particular trade).
The trade was worth only a few dollars, and the loss was tiny, but it showed how industrialized the bot had become. It was scanning the mempool for nearly anything it could insert itself around.
While Saturday's incident does not make sandwich attacks less harmful, but it does show the risk of running systems that approve transactions at machine speed based on pattern recognition and profit signals.
Jaredfromsubway.eth spent years profiting from traders who did not see the bot coming. But on Saturday, the bot did not see the trade coming either.
Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry
The popular max pain theory isn’t working out as bitcoin trades far from the $72K level a day ahead of a $10 billion quarterly options settlement.
Updated 49 minutes ago
Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going
A liquidation flush took bitcoin to its lowest since early June before Micron's blowout earnings and SK Hynix's U.S. listing plans steadied the AI trade that crypto had been sliding alongside.
5:35 AM
Negative
MemeCore's M token suddenly crashes 80% with no clear trigger
The token fell from nearly $3 to about $0.50 in hours, wiping out close to $3 billion in market value, with no exploit or announcement to explain it. Onchain investigator ZachXBT warned in April that M's price had been propped up by insiders.
5:02 AM
Positive
Ripple's RLUSD stablecoin goes live in Japan after regulatory approval
Japan's financial regulator cleared the U.S. dollar-backed token as a new category of payment instrument, letting SBI VC Trade offer it to institutions and retail. RLUSD remains small, at about $1.7 billion.
4:53 AM
Neutral
BTC0.00%
Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.
The market has found a new support level and it could be tested following Thursday's U.S. inflation data.
4:32 AM
Negative
XRP slides 2.8% as weak bounce keeps $1 support in focus
Sellers broke another support level on heavy volume, while the recovery failed to reclaim the zone that would ease downside pressure.
4:29 AM
Negative
Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound
The token fell to about $59,000 before buyers stepped in, but the week's losses are steep across the board. A blowout Micron forecast lifted stocks and oil kept sliding, yet crypto did not follow.
Yesterday
7:52 PM
Neutral
Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
In this week's edition of The Protocol Newsletter, we're looking at Ethereum's eventful week that started off with the launch of EthLabs, plus the layoffs at the Ethereum Foundation, and what this all means for the network.
7:48 PM
Positive
Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket
The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according to a Financial Times report.
5:18 PM
Binance withdraws Greek MiCA bid but vows to remain in Europe
The crypto giant must find a home base in the EU by July 1 or regulators will force the company to shut down operations for millions of regional users.
4:01 PM
Negative
BTC0.00%
Bitcoin falls below $60,000 as AI trade continues to draw investor interest and capital
South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.
4:00 PM
BTC0.00%
Crypto Long & Short: Infrastructure is the prevailing currency in digital assets
In this week's Crypto Long & Short, Nonco’s Caue Teixeira makes the case that regardless of which coin ultimately wins, infrastructure is the prevailing currency in digital assets. Then, using CoinDesk's liquidation feed, Liquibit Capital's Alen Pavlović finds that June's forced selling peaked near $68,000, days before bitcoin actually bottomed.
3:45 PM
Negative
SecondFi loses $2.4 million in Cardano wallet exploit
SecondFi was hit by three separate attacks exploiting a flaw in its wallet generation software. A further 129 million ADA was secured by the team before attackers could reach it.
3:42 PM
Negative
Trump's refusal to sign housing bill could delay Congress and imperil Clarity Act
As Congress prepared to celebrate the president's signing of the bipartisan housing bill that contains a CBDC prohibition, Trump abruptly cancelled the event.
3:23 PM
Neutral
Ex-FCA policy insider explains the ‘great divide’ in the UK’s crypto ambition
Former FCA policymaker and Hedera Global Policy VP, Isadora Arredondo says there is a gap between the U.K.'s crypto ambitions and how policy is carried out in practice.
2:47 PM
Negative
Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone
A 50% drop from recent highs has pushed the asset into a zone historically labeled as a dead end, sparking a debate among crypto analysts.
1:48 PM
Negative
Gold, silver and bitcoin tumble as 'debasement' trade unwinds
Precious metals have fallen sharply from their 2025 highs as markets price in Fed rate hikes.
1:42 PM
Negative
BTC0.00%
Bitcoin could fall to $55,000 before finding a bottom, 10x Research says
A strengthening U.S. dollar and the Fed's hawkish turn under new chair Kevin Warsh may keep pressure on crypto through the summer.
1:19 PM
Positive
CoinDesk 20 performance update: Aave (AAVE) gains 5.9% as index moves higher
Internet Computer (ICP), up 2% from Tuesday, joined Aave (AAVE) as a top performer.
Leading US-based crypto exchange platform Coinbase is listing “the world’s lightest blockchain” after a two-week delay.
News of the listing sent Mina Protocol (MINA), a privacy-focused payments protocol clocking in at a size of just 22 kilobytes, surging from its 24-hour low of $3.04 to $3.48, a 14.5% increase.
[adinserter block="1"]
According to the crypto project’s website, MINA’s small size allows anyone to connect to the internet using their smartphone to validate the blockchain’s transactions. Mina protocol uses zero-knowledge (ZK) proofs to secure user data while executing smart contracts.
ZK proofs allow one party to prove to a validator that a specific statement is true without giving out any extra irrelevant information.
MINA was initially set to launch two weeks ago but was met with delays. News of the original launch sent the smart contract platform surging from $2.16 to $2.71, a 25.4% increase.
Coinbase says that the ability to buy and sell the lightweight blockchain was pushed back in order to ensure the launch would be successful.
“In order to have full confidence in a successful launch of MINA, we have made the decision to continue to delay the launch of trading.”
Yesterday, Coinbase announced that trading MINA would begin as long as proper liquidity conditions were met. Those conditions were met and MINA was officially launched for trading on the exchange today as a result.
Mina Protocol has since stabilized and is exchanging hands at $3.22 at time of writing.
Kurt Hemecker is COO of the Mina Foundation, building on the Mina Protocol to create a privacy and security layer for web3. Kurt is former Head of Business Operations at Facebook's Diem Association (formerly Libra).
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Why you should listen Using zero knowledge technology, Mina is creating the infrastructure for a secure, democratic future. Mina’s zkApps, smart contracts powered by zero knowledge, keep users in control of their privacy by validating and sharing proofs of their data, rather than the data itself. Think about getting a loan by simply sharing a proof of your personal ID and credit score, rather than the data itself. No risk of your personal information being hacked or sold. You are the only one owning your data, and it never leaves your device.
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Mina Protocol (MINA) is leading the altcoin rally today following its 88% mega rally in the last 24 hours.
MINA, Listed on Upbit Exchange, Experienced a Great Rise The cryptocurrency's price is currently hovering around $0.78 and is attempting to retest its year-to-date high of around $1.17.
MINA Daily Chart MINA's rise proves that while an altcoin can spark a rally based on Bitcoin's influence, the momentum can also be triggered by its own fundamentals and community trends at large.
MINA has outperformed major altcoins and with its current price action, it has gained up to 109% in this time frame, complementing the gains made in the last seven-day period.
MINA is designed to reduce computational requirements to run dApps more efficiently.
MINA is following in the footsteps of the zk-rollup trend to take advantage of this technology that many believe will reshape the future of the blockchain ecosystem.
MINA is facing an impressive embrace from different market participants, especially the stock exchanges.
As reported in July, the MINA/BTC trading pair was listed by Upbit and its price increased by 17% at that time.
Today, Upbit exchange announced that it has listed the MINA/KRW trading pair.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
October was a bullish month for the cryptocurrency market, filled with altcoin gainers. Bitcoin (BTC) and several other cryptocurrencies reached new yearly highs.
As Halloween ushers an end to October, BeInCrypto looks at 5 altcoins that made October frighteningly profitable. The five October altcoin gainers are:
Polymesh (POLYX) price increased by 205.13% Tellor (TRB) price increased by 95.60% Solana (SOL) price increased by 79.61% Injective (INJ) price increased by 71.45% MINA price increased by 62.92% POLYX Price Leads October Altcoin GainersThe POLYX price has increased quickly since October 13. The upward movement has been parabolic, leading to an all-time high price of $0.43 on October 30.
The increase caused a breakout from the $0.29 horizontal resistance area, which had been in place since April.
The all-time high was close to the 1.61 external Fib level of the most recent decrease. Once the price is at an all-time high, the Fib level often acts as the area for the top.
If POLYX breaks out above it, it can increase by 75% to the 2.61 external Fib level at $0.66.
POLYX/USDT Daily Chart. Source: TradingViewDespite this bullish prediction, failure to close above the $0.44 resistance can lead to a 25% drop to the $0.29 horizontal area, which is expected to provide support.
TRB Reaches Yearly HighThe TRB price has increased alongside a parabolic ascending support line since the beginning of September. The upward movement led to a new yearly high of $125 yesterday.
Currently, TRB trades slightly above the 0.618 Fib retracement level of the entire previous decrease at $105. Whether the price moves above it or gets rejected can determine if the future trend is bullish or bearish.
A successful close above this area can lead to a 50% increase to the next resistance at $165.
TRB/USDT Two-Day Chart. Source: TradingViewOn the other hand, a rejection and breakdown from the parabolic ascending support line will mean the upward movement is complete. In that case, a 40% drop to the closest support at $66 will be likely.
Solana Resumes Rapid AscentThe SOL price has increased alongside an ascending support trendline since the beginning of the year. More recently, it bounced above the line in September (green icon), accelerating its rate of increase.
The next month, SOL broke out from the $28 horizontal area. This was a crucial area since it had been in place since November 2022.
Today, SOL reached a new yearly high of $37. If the price continues upwards, it can increase by another 46% and reach the next resistance at $47.
SOL/USDT Weekly Chart. Source: TradingViewDespite this bullish SOL price prediction, failure to sustain the increase can cause a 25% drop to the $28 area, validating it as support.
Injective Increases by 50% in One WeekThe INJ price increased by 50% last week, breaking out from the $9 horizontal resistance area. The price reached a new yearly high of $14.50 today. This was the highest price since November 2021.
Currently, INJ trades inside the $13.50 horizontal resistance area. This is the final resistance before the all-time high region.
So, if INJ breaks out, it can double in price and reach the all-time high of $27.
INJ/USDT Weekly Chart. Source: TradingViewDespite this bullish prediction, a rejection from the $13.50 horizontal resistance area can trigger a 35% drop to validate the $9 support area again.
MINA Concludes October Altcoin GainersThe MINA price has increased swiftly since its $0.36 low on October 11. On October 24 alone, the price increased by 110%, leading to a high of $0.98.
However, the upward movement could not be sustained. Rather, MINA created a long upper wick (red icon) and fell below the $0.88 horizontal resistance area.
Now, MINA trades just above the $0.58 horizontal support area. Whether it bounces or breaks down can determine the future trend’s direction.
MINA/USDT Daily Chart. Source: TradingViewA bounce can lead to a 40% increase to the next resistance at $0.88. On the other hand, a breakdown can cause a 40% drop to $0.37.
For BeInCrypto’s latest crypto market analysis, click here.
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In the whirlwind landscape of cryptocurrency, the Mina Protocol has taken center stage with an extraordinary 47% surge in its native token, MINA, within the past week.
Currently riding high at $1.40, a level not witnessed since May 2022, MINA’s impressive rally has ignited contemplation among investors: Can it breach the elusive $2 mark in the immediate future?
MINA price action today. Source: Coingecko Mina’s Surge: CEO Appointment And Swiss Relocation This surge in MINA’s value is not a mere coincidence; it’s the result of a convergence of significant developments that have unfolded in recent weeks.
December 19 marked a pivotal moment when the Mina Foundation announced the appointment of Kurt Hemecker as the new CEO, a distinguished business development specialist in the FinTech space.
Simultaneously, the foundation strategically relocated its operations to Geneva, Switzerland, amplifying the positive sentiment surrounding MINA due to anticipated regulatory benefits and enhanced networking opportunities within the cryptocurrency community.
MINAUSD currently trading at $1.260 territory. Chart: TradingView.com Another driving force behind MINA’s remarkable surge is the introduction of the Paima ZK layer. A collaborative effort involving Paima Studios, Mina, ZekoLabs, and Class Lambda, this layer represents a groundbreaking leap in blockchain gaming technology.
It can deploy Zero-Knowledge (ZK) proofs to any Layer 1 (L1) ecosystem, supporting both EVM and non-EVM codebases. The layer’s innovative capacity to enable dynamic scaling of on-chain games, akin to the traditional “world select” in web2 games, adds a novel dimension to MINA’s utility.
The Mina Foundation Board appoints Kurt Hemecker (@khem) as CEO to champion adoption of @MinaProtocol’s ZK tech.
Kurt, previously COO, brings two decades of business development experience from major players including @DiemAssociation and @PayPal.
1/3https://t.co/W1old4fmxJ
— Mina Foundation 🪶 (@MinaFoundation) December 19, 2023
MINA Faces Resistance At Recent Highs Despite the positive momentum, MINA encounters initial resistance at its recent peak of $1.48, with additional overhead resistance noted between $1.5817 and $1.6337.
While the broader trend remains upward, cautious optimism is warranted as short-term oscillators hint at early signs of peaking momentum, prompting vigilance among traders and investors alike.
Meanwhile, Sebastien Guillemot, the principal developer at Cardano, alluded to significant advancements for the blockchain in 2024 in a recent X post.
With Ethereum sentiments being in the dumps right now, I’d just like to say working with Arbitrum (@arbitrum) has been a great experience 👍
Expect more projects that combine Arbitrum with @cardano and @MinaProtocol in the 2024 👍
— Sebastien Guillemot (@SebastienGllmt) December 26, 2023
Guillemot’s expressed enthusiasm about collaborating with Arbitrum suggests a potential fusion of Cardano with Arbitrum and Mina Protocol.
Paima Studios, under Guillemot’s leadership, has already contributed to the progression of Layer-2 solutions, releasing a solution for Cardano’s on-chain gaming this year.
The alignment with Arbitrum and Mina Protocol points toward a paradigm shift in the blockchain landscape, promising further innovation and seamless integration.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading past the key $43,000 level on Tuesday.
Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,300 mark this morning.
Pendle (CRYPTO: PENDLE) was the top gainer over the prior 24 hours, while Manta Network (CRYPTO: MANTA) turned out to be the biggest loser.
At the time of writing, the global crypto market cap rose to $1.67 trillion, recording a 24-hour gain of 2.5%. BTC was trading higher by 2.9% at $43,475 while ETH rose by around 1.9% to $2,315 on Tuesday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Spearheaded by the innovative collaboration of zero-knowledge proofs and the Mina Protocol, ‘httpz’ ushers in an era of secured, verifiable online interactions. Will Cove, the Head of Community at Mina Foundation, shared insights into the dwindling trust across the web and presented ‘httpz’ as the beacon of reliability in the digital realm.
2/4 httpz uses zero-knowledge proofs to let you verify data & information directly, without trusting any third party. It builds on the legacy of HTTPS, adding a "proof layer" on top.
This lets you verify the source & validity of data or computation, without trusting any…
— Everstake (@everstake_pool) April 11, 2024 Zero-knowledge proofs (ZKPs) emerge as the heralds of a new internet age, proposing a solution to the crisis of confidence plaguing the online world. ZKPs aim to reinstate trust in the veracity of data without revealing underlying details, mirroring the role of encryption in securing data transmission. This technology aspires to realign the internet with its decentralised roots, prioritising protocols over platforms.
‘Httpz’ represents a transformative vision for the internet, enabling users to independently create, share, and validate information proofs without relying on intermediaries. Building on the legacy of HTTPS, ‘httpz’ introduces a proof layer enhancing data verification and source authenticity, fostering direct trust in information over the platforms that host it.
How ‘httpz’ Works At the heart of ‘httpz’ lies a proof layer powered by local proof generation through zero-knowledge applications (zkApps) and consolidation via the Mina blockchain. zkApps facilitate the creation of proofs for any standardised dataset or computation, promoting data validity without disclosure. These proofs, either stored on a device or validated on the Mina blockchain, offer a comprehensive ‘proof of everything’, ensuring data integrity in a public and accessible manner.
The Mina Protocol is uniquely positioned to host the ‘httpz’ proof layer, primarily due to its capability to handle billions of succinct proofs daily through recursion. This efficiency simplifies user interaction with proofs, focusing on their validity rather than their creation process. Mina’s adaptability ensures it remains at the forefront of secure and fair digital verifications, serving as a universal API for ‘httpz’.
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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
While the market is saturated with thousands of crypto assets, we’ve highlighted a list of tokens under $1 with strong potential for growth.
Investors who missed out on the last bull run hope to participate in this ongoing bull market. Recall that the last bull run in 2021 brought a lot of crypto assets, including Solana (SOL) and Shiba Inu (SHIB), into the limelight, with their prices skyrocketing to unprecedented levels.
As the peak of the bull market edges close, investors are looking for affordable crypto assets with the potential to register significant price growth.
Top 5 Altcoins Under $1 That said, we’ve compiled a list of 5 promising under $1 altcoins that could record massive growth as the bull market progresses. This list is compiled for informational purposes and should not be taken as investment advice.
ClinTex (CTI) The ClinTex (CTI) project is unique in the crypto space. Its blockchain was established specifically for clinical trials and transforming the medicine development industry.
CTI is currently trading at $0.046, with a 24-hour trading volume of $406,198. Data from CoinMarketCap shows that it is the 1,275th biggest crypto asset, with a valuation of $3.78 million.
Like most altcoins, CTI attracted the attention of many investors in 2021 when its price surged to an all-time high (ATH) of $0.39. The token is currently trading on multiple exchanges, such as KuCoin, Gate.io, and Latoken.
Decentraland (MANA) Another altcoin under $1 with strong growth potential is Decentraland (MANA). MANA rallied to an all-time high of $5.39 in 2021 and is currently trading at a discount of $0.50.
The token demonstrated its prowess for significant growth last month when its price surged to around $0.8. However, MANA’s price has plummeted amid the widespread volatility in the broader market. Despite the plunge, top analysts expect MANA to perform exceedingly well in the peak of the bull run.
At press time, the token’s 24-hour trading volume stood at $155.34 million, while its market cap is currently around $938.55 million, ranking it as the 94th-biggest crypto. You can trade MANA on Binance, Kraken, Bybit, OKX, and Crypto.com.
Jasmy (JASMY) Ranked as the 92nd largest crypto by market cap, Jasmy (JASMY) is among the altcoins expected to record significant growth in the peak of the bull run. JASMY is down 20.4% over the past 24 hours to $0.019, being one of the most impacted in the current downturn.
Despite its massive plunge, JASMY has soared 198% year-to-date (YTD). At press time, JASMY is down 99.61% from its peak price of $4.99, registered on February 16, 2021.
The token has a market cap of $953.61 million, with a daily volume worth $220.01 million. JASMY trades across top exchanges like Binance, Coinbase, KuCoin, and HTX.
Mina Protocol (MINA) Mina Protocol is the fourth coin on our list of top 5 sub-$1 crypto assets with strong growth potential. At the time of writing this line, MINA is trading at $0.81, down 20.5% over the past 24 hours.
The decline in price stems from the bloodbath witnessed across the broader market over the past day. Nonetheless, MINA is still expected to record tremendous growth during the bull market’s peak.
The token has already demonstrated its growth potential when it surged to an all-time high of $9.09 in June 2021. You can trade MINA on Binance, MEXC, DigiFinex, OKX, and BingX.
Beam (BEAM) The last token on the list of top 5 sub-$1 assets with good potential for enormous growth is Beam (BEAM). At the time of writing, BEAM is changing hands at $0.026, with a 24-hour trade volume of $59.34 million. The token currently has a market cap of $1.4 billion and is ranked as the 68th largest cryptocurrency.
BEAM has soared over 54% since the beginning of this year. However, it is down 39.6% from its ATH of $0.044, registered last month. At the moment, BEAM is trading on Binance, Bitget, Bybit, and Gate.io.
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.
In a strategic move to bolster its ecosystem, Mina Protocol has partnered with Celestia to incorporate a first-of-its-kind modular decentralized data availability (DA) solution. This collaboration is spearheaded by Geometry Research and supported technically by o1Labs.
It marks a significant advancement in the Mina ecosystem, introducing more robust data availability options that are crucial for the development of zkApps—applications that utilize zero-knowledge proofs to ensure privacy and security while maintaining the integrity of the underlying data.
The integration is timely as blockchain technology faces increasing challenges around data availability, a critical aspect for ensuring transparency and security in decentralized networks. Data availability solutions are essential in addressing issues related to scalability and trust, particularly as blockchains grow in size and complexity. By ensuring that all necessary data in a blockchain block is readily accessible and verifiable, Mina Protocol strengthens its infrastructure, making it more resilient against attacks or data manipulation.
Redefining Scalability and Security Mina Protocol’s integration with Celestia’s modular DA layer is a transformative development for the blockchain sector. It specifically enhances how data is handled, offering a scalable solution that does not compromise on security.
The modular approach allows different layers of the blockchain to operate independently yet cohesively, providing a flexible and efficient framework that supports the rapid development of decentralized applications.
This integration addresses the core challenge of scalability by enabling Mina Protocol to manage larger volumes of transactions efficiently. Celestia’s DA solution ensures that even as the ecosystem scales, data remains transparent and tamper-proof. This is particularly crucial for applications that require a high degree of trust and integrity, such as financial services and identity verification platforms.
Strategic Implications for Development and Adoption The collaboration between Mina Protocol and Celestia is not just a technical upgrade; it’s a strategic enhancement that positions Mina as a pioneer in the space of zero-knowledge applications. With Mina’s architecture, which compresses data into succinct zero-knowledge proofs, the integration allows for even greater scalability and accessibility.
This makes Mina’s blockchain not only more secure but also more user-friendly, as participants can verify transactions and blockchain states even on low-power devices.
Furthermore, the integration is set to accelerate the development of new applications on Mina’s platform. With easier zkApp programmability on the horizon, thanks to an upcoming mainnet upgrade, developers will find a more conducive environment for creating innovative applications. This upgrade is expected to significantly boost developer activity and increase the number of zk-oriented products in the market.
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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Digital assets custody and collateral management provider Copper now offers custody and staking support for Mina Protocol.
Copper.co announced its support for Mina Protocol (MINA) on Aug. 21, noting that support for the zero-knowledge blockchain platform’s native token expands digital asset options for institutional investors.
The integration will allow eligible clients to participate in the Mina Protocol ecosystem through Copper’s infrastructure.
Targeting institutional investors Founded in 2018, Copper is a platform that seeks to offer institutional investors access and exposure to the digital assets market. The platform provided an MPC wallet and launched its off-exchange settlement solution, ClearLoop, in 2020.
ClearLoop allows users to manage digital asset collateral and settle trades across major crypto exchanges without moving assets off Copper’s wallet.
According to the London-based company, adding MINA staking allows for increased adoption of ZK technology.
“The addition of Copper’s custody solution gives professional and institutional entities more options to diversify their crypto participation with MINA. We hope that it will also raise awareness of institutional use cases for ZK technology, such as zk-KYC credentials that help address compliance without sacrificing user privacy,”
Kurt Hemecker, chief executive officer of Mina Foundation
Copper co-founder and chief executive Dmitry Tokarev commented that crypto and blockchain are at a “pivotal moment for institutional adoption.”
Tokarev added that the U.S. Securities and Exchange Commission’s approval of Ethereum ETFs in May and launch of trading in July has accelerated interest. As a result, the ecosystem is seeing increased demand for reliable tools through which institutional investors can gain exposure to cryptocurrencies.
Copper’s recent partnerships Copper recently partnered with Hedera (HBAR) to expand institutional access to the proof-of-stake network’s native token. The integration allows investors to leverage Copper Connect and Hedera protocols such as SaucerSwap to participate in the HBAR and Hedera Token Service utility.
Copper expanded its custody and staking service to Internet Computer (ICP) in July.
In the rapidly evolving crypto market, the robust activity plays a significant role. As per Phoenix Group, based on GitHub’s 12-month data concerning most active crypto assets, Internet Computer, Mina Protocol, and Sushi are dominating the others. The on-chain analytics provider took to social media to share the list of top active projects over the year.
Internet Computer Emerges as 1st Most Active Crypto Project During Past 12 Months Phoenix Group’s list of most active cryptocurrency projects during the recent twelve months includes Internet Computer ($ICP) at the 1st position. The project saw a staggering 7,071 commits and more than 100 contributors during this period. Subsequently, Mina Protocol ($MINA) is the top 2nd project with up to 4,274 commits. In addition to this, saw above 100 contributors in the meantime.
Following that, Sushi ($SUSHI) stands in the 3rd place with its commits reaching 3,207 in terms of number. Additionally, witnessed twenty-seven contributors cumulatively. Apart from that, Bitcoin ($BTC) has secured the 4th position with nearly 3,068 commits in total, with up to 99 contributors. The next project in this respect is Chainlink ($LINK) with almost 3,034 commits as well as 100+ contributors.
Along with that, Cosmos ($ATOM) is the 6th most active crypto project. Hence, it has effectively recorded 2,370 commits and 100+ contributors. It is followed by Rubic ($RBC) which has obtained 2,279 commits and 20 contributors to secure the 7th spot in the list.
eCash Bottoms List with 1,666 Commits and 100+ Contributors Phoenix Group’s list of most active crypto projects in line with GitHub’s 12-month data includes Storj ($STORJ) on the 8th rank. The project has gained 1,788 commits and 100+ contributors. After that, PancakeSwap ($CAKE) occupies the 9th position with 1,717 commits and 100+ contributors. eCash ($XEC) comes last in the list with its commits reaching 1,666 mark while it witnessed 100+ contributors.
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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.
