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The year 2024 marks the dawn of a new era, not just for technology but for finance, as a major victory was achieved for Bitcoin Spot ETFs (Exchang-Traded Funds). It’s now the era where the past will be appreciated for its foresight and doggedness.
When the pioneer cryptocurrency and digital currency, Bitcoin launched in January 2009, it was nothing like a real-world asset or of an ‘agreed’ digital value, but an almost neglected bag of gold as it faced enough rejection from all phases. Even with Satoshi’s Whitepaper, Bitcoin wasn’t given a cordial welcome in the world of finance.
However, for all its promise, BTC remained shrouded in an air of mystery and skepticism. It took several years for Bitcoin to cement its value in the world of technology, finance, and the digital economy, assuming a giant role amidst many other cryptocurrencies.
However, On January 10, 2024, the SEC, in its official filing, approves all 11 Bitcoin Spot ETFs. This long-awaited green light from the US SEC marked a watershed moment, not just for Bitcoin, but for the entire cryptocurrency industry.
The 14-year journey to this point was arduous and paved with skepticism; regulatory hurdles loomed large, with the SEC citing concerns about market manipulation and investor protection as justification for repeated rejections. Attempts like Bitcoin futures ETFs offered limited exposure, failing to capture the true essence of a spot ETF’s direct price tracking.
Bitcoin Spot ETF Explained The recent approval of Bitcoin spot ETFs has stirred excitement across the financial landscape. But what exactly are these instruments, and what impact will they have on the future of BTC and, more broadly, on the investment landscape?
Bitcoin “Spot” ETFs (exchange-traded funds), unlike their futures-based counterparts, don’t track the price of Bitcoin futures contracts. Instead, they take a more direct approach, holding the underlying asset – Bitcoin itself – in secure digital custodians.
This eliminates the potential for “basis risk,” a phenomenon where futures prices deviate from the actual cash price of Bitcoin. Simply put, Spot ETFs offer a more straightforward and transparent way to gain exposure to BTC’s price movements, akin to traditional gold-backed ETFs.
Bitcoin Spot ETFs function similarly to their traditional counterparts, such as those tracking stock market indices. They pool investor capital, purchasing Bitcoin and holding it securely. Each share of the ETF represents a fractional ownership of the pooled Bitcoin, allowing investors to participate in the market without directly holding or managing the cryptocurrency themselves. This eliminates technical complexities and potential security risks, particularly for those with limited crypto experience, potentially broadening the base of Bitcoin investors.
The Genesis Of Bitcoin ETFs (Early Days and Conceptualization – 2013-2017) The earliest sparks of a Bitcoin ETF concept date back to 2013, when the Winklevoss twins first proposed their Gemini ETF. Winklevoss twins, Cameron and Tyler, both tech entrepreneurs with a vision in 2013, submitted the first application for a Bitcoin ETF, the Gemini ETF, sparking the decade-long journey to regulatory approval.
This audacious proposal was outrightly rejected by the SEC during the tenure of its former chairman, Jay Clayton, who later resigned in 2020 and became a supporter of cryptocurrency. Interestingly, Clayton is now actively involved in crypto regulations when he joined the advisory board of Fireblocks, a crypto custody platform.
The following years were a crucible of innovation and uncertainty. While Bitcoin’s market capitalization surged, attracting both fervent supporters and cautious observers, the SEC remained hesitant. The regulator’s concerns about market manipulation, price volatility, and the nascent state of blockchain technology were cited as justifications for repeated rejections of subsequent ETF proposals, including Grayscale’s attempt to convert its Bitcoin Investment Trust into a spot ETF.
Yet, amidst the rejections, there were flickers of progress. Technological advancements improved blockchain security and custody solutions, addressing initial concerns about vulnerability and potential wash trading. The global adoption of Bitcoin, particularly in Canada with its approval of Spot ETFs in 2021, served as a compelling case study for increased accessibility and market stability.
This period also saw the SEC’s stance slowly evolve. The appointment of Gary Gensler as SEC Chair in 2021 brought a newfound openness to dialogue and exploration of potential regulatory frameworks for cryptocurrencies. The approval of the first US-listed futures-based bitcoin ETF in October 2021, despite its limitations, offered a glimpse of what could be.
The Turning Point: A Decade Of Persistence Pays Off (2018-2023) While the 2017-2018 crypto boom and subsequent crash sent shockwaves through the industry, it also served as a crucible, forging resilience and fueling a renewed focus on compliance and innovation. Industry figures like Grayscale, undeterred by previous rejections, continued to refine their proposals, incorporating crucial safeguards and addressing regulatory concerns.
This relentless pursuit of approval finally yielded results in 2023. In May, Cathie Wood’s ARK Investments filed for a spot bitcoin ETF, setting a definitive deadline for the SEC’s decision.
Then, in June, BlackRock’s entry into the arena with its own Spot Bitcoin ETF application sent ripples of excitement through the financial world. This move by a traditional financial giant signalled a crucial shift in sentiment, demonstrating growing institutional confidence in BTC’s potential.
The months that followed were a whirlwind of activity. A flurry of applications from firms like Fidelity and Invesco poured in, fueled by the momentum of BlackRock’s move and the prospect of imminent approval. In August, a pivotal legal victory for Grayscale in the D.C. Circuit Court further strengthened the case for spot ETFs, forcing the SEC to re-examine its previous rejections.
Finally, the SEC, in a historic decision, greenlighted 11 spot bitcoin ETF proposals, including those from BlackRock, Fidelity, and VanEck. This moment marked the culmination of a decade-long struggle, signifying the mainstream acceptance of investor participation in the cryptocurrency space.
Ripples Across The Crypto Landscape: Implications Of Bitcoin Spot ETFs (2024) The arrival of spot ETFs has cast a wide net, sending ripples across various spheres of the financial world. There are a lot of potentials and challenges presented by spot ETFs, vital impact on market stability, institutional adoption, and regulatory oversight. There are positive predictions that the Bitcoin market cap could rise above $1 Trillion after the launch of Bitcoin Spot ETFs.
Let’s contemplate the broader significance of this pivotal moment, what it means for the future of finance, and its relationship between technology and traditional financial systems here.
Investor Crossroads For retail investors, Spot ETFs offer a convenient and familiar way to participate in the Bitcoin market without directly holding the cryptocurrency. This opens the door to broader adoption and increased liquidity, potentially leading to smoother price discovery and reduced volatility. The influential American magazine, Forbes predicted the BTC price will trade as high as $80,000 as a result of Bitcoin Spot ETFs’ approval.
The year 2024 is also shaping up to be a good one, if not one of the best seasons for cryptocurrency, especially Bitcoin, as it’s the season for Bitcoin halving, which will have another mega impact on the crypto industry.
However, the inherent risks of Bitcoin, including price fluctuations and potential exposure to fraud, must not be underplayed. Investors should approach spot ETFs with cautious optimism, ensuring a proper understanding of the technology, market dynamics, and associated risks before venturing in.
Institutional Embrace Bitcoin The arrival of spot ETFs marks a significant step towards institutional acceptance of Bitcoin. The involvement of established financial institutions like BlackRock and Fidelity lends credibility to the cryptocurrency and paves the way for further integration with traditional financial products and services.
Concerns remain about the impact of institutional involvement on market manipulation and potential conflicts of interest. However, regulatory oversight and robust compliance frameworks will be crucial in ensuring a fair and transparent market for all participants.
Market Redefined Spot ETFs could potentially lead to greater market stability by introducing institutional investors and their risk management expertise. This could mitigate some of the inherent volatility of the cryptocurrency market, attracting a wider range of investors and fostering sustainable growth.
The SEC’s approval represents a cautious acceptance, not a blank check. Further regulatory clarity and potential adaptation of existing frameworks might be required to effectively address the unique challenges posed by the integration of cryptocurrencies into mainstream financial systems.
Beyond Bitcoin Spot ETFs could act as a gateway for investors to explore the broader crypto landscape. Their familiarity and ease of access might encourage exploration of other promising blockchain-based projects, accelerating the overall growth and development of the cryptocurrency ecosystem.
The success of spot ETFs will hinge on the continued evolution of blockchain technology and associated infrastructure. Scalability, security, and user experience will remain key areas of focus for ensuring the smooth functioning and widespread adoption of crypto-based financial products.
The 11 Spot Bitcoin ETFs products (with their ticker symbols) approved on January 10, 2024, are:
Blackrock’s iShares Bitcoin Trust (IBIT) ARK 21Shares Bitcoin ETF (ARKB) WisdomTree Bitcoin Fund (BTCW) Invesco Galaxy Bitcoin ETF (BTCO) Bitwise Bitcoin ETF (BITB) VanEck Bitcoin Trust (HODL) Franklin Bitcoin ETF (EZBC) Fidelity Wise Origin Bitcoin Trust (FBTC) Valkyrie Bitcoin Fund (BRRR) Grayscale Bitcoin Trust (GBTC) Hashdex Bitcoin ETF (DEFI) Conclusion The approval of Bitcoin spot ETFs is a watershed moment, not just for the cryptocurrency itself, but for the entire financial landscape. It marks a new chapter in the saga of Bitcoin, one where its disruptive potential can be harnessed within the framework of established financial systems.
Also, this path forward is paved with both opportunities and challenges. Navigating regulations and addressing investor risk concerns are important to ensure seamless integration with traditional financial systems and regulatory bodies, which will be crucial in determining the ultimate success of this technological leap.
Final Thoughts The approval of Bitcoin spot ETFs is not merely a regulatory green light; it’s a resounding declaration of Bitcoin’s arrival on the main stage of finance.
Related Reading: Celestia Network: How To Stake TIA And Position For 5-Figure Airdrops
However, the journey is far from over. This approval is a milestone, not a destination. As we stand at this turning point, it’s important to remember the spirit of defiance that birthed BTC. It was born from a desire for autonomy, for freedom from centralised control, and for a more equitable financial system.
While ETFs offer a bridge between this decentralized world and the established financial order, it’s crucial not to lose sight of these core principles.
BTC price struggles post-Bitcoin Spot ETF approval | Source: BTCUSD on Tradingview.com Featured image from Cryptopolitan, chart from Tradingview.com
Persistence One, a leading provider of blockchain interoperability solutions, has entered into a partnership with Merlin Chain to further improve Bitcoin’s capacity by utilizing state-of-the-art ZK-Rollups. From this deal, an opportunity arises to revolutionize how Bitcoin works through the integration of Merlin’s mBTC token into Persistence’s cross-chain solutions in the BTCfi environment for better efficiency, scalability, and compatibility.
Tackling Bitcoin’s Scalability with ZK-Rollups Mainnet Bitcoin (mBTC) has had issues with throughput and scalability, challenges that create hurdles to cross-chain transfer and increased transaction fees. The ZK-Rollup technology, which works on Ethereum, is another solution that could solve Bitcoin’s scaling problems by combining multiple transactions into one to minimize clogging and expenses. By integrating Merlin Chain’s ZK-Rollup functionalities into its system, Persistence one will hope to enhance cross-chain transactions to be seamless and efficient for those who would wish to use Bitcoin Net.
The Role of mBTC in Streamlining Cross-Chain Transactions In this integration, mBTC, which is Merlin Chain’s Layer 2 Bitcoin representation, will significantly facilitate cross-chain asset exchanges. It also means that the mBTC token can move from one chain to another without having to go through the standard exchanges, hence reducing the number of fragmented marketplaces and giving a more unified place for liquidity.
Persistence’s intent-based architecture allows users to swap tokens with low slippage and without encountering any issues. Such a strategic fit of mBTC with its system will enhance its liquidity and help users seamlessly and safely transfer their assets across various blockchain ecosystems.
Merlin Chain: An Emerging Force in Bitcoin Layer-2 Solutions Merlin Chain, which started in early 2024, has quickly attracted a lot of adopters as an efficient Bitcoin Layer-2 solution with zkEVM compatibility. Merlin Chain also has decentralized Oracle services and data availability layers that provide additional features and enable staking, farming and DeFi solutions for mBTC users.
Merlin Chain has gained credibility through association with big industry players, and the architecture of the platform is well-aligned with the vision of Persistence One. Persistence’s cross-chain solutions combined with Merlin’s technology developed specifically for Bitcoin will bring better prospects to the BTCfi sector by allowing users to interact with decentralized finance applications easily.
Persistence One’s Mission for a Unified BTCfi Landscape Persistence One has been dedicated to working towards enhancing the liquidity profile and usage of Bitcoin assets across Layer-2 solutions. Their goal is not to have isolated solutions but to imagine a fully interconnected BTCfi ecosystem in which assets such as mBTC can be easily and safely transferred between different participants.
This collaboration is a significant step toward advancing Persistence One’s goal of providing Bitcoin with genuine cross-chain versatility, thus launching a robust and easily accessible BTCfi ecosystem while integrating various Layer-2 technologies with Bitcoin’s security.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
TrueFi is a protocol that creates interest-bearing pools with high APRs for liquidity providers. It incorporates utility and reward mechanisms using TrustTokens (TRU) and rewards participants for sustaining stable, high APRs.
What is TrueFi (TRU)?TRU is the native token of the TrueFi protocol and is used for: TrustToken holders ultimately have the right to voice their opinion in the prediction market about who is a trustworthy borrower. TRU grants its holder the ability to rate credit for third parties. A permissionless credit system operating entirely on incentives can be established with the TRU credit score. TRU holders partially own the right to create a new credit system.
On the other hand, TrueFi is a DeFi lending platform similar to Aave or Venus, allowing you to earn interest on stablecoin deposits. However, a significant difference is that TrueFi enables borrowers to secure uncollateralized loans. The idea here is that the protocol aims to attract large industry players and institutions as loan takers who want to secure high-value, long-term loans.
Additionally, there are three use cases for TRU tokens on the TrueFi platform:
Staking: When a loan request comes through the TRU token, stakers vote “Yes” or “No” on the loan’s approval. Since rewards are based on the loan being repaid successfully, stakers are incentivized to vote carefully.Farming: To bootstrap liquidity, TRU tokens are initially distributed to lenders and stakers as rewards through liquidity mining programs on Uniswap or Balancer.Governance: After TRU is distributed fairly and decentralized, the future development of TrueFi will be community-driven.It is reported that TrustToken has taken many steps since its launch. For example; the protocol code underwent a complete security audit by Slowmist. Furthermore, the distribution of TRU is 100% through farming, ensuring a fair launch. Moreover, any tokens collected by the team’s own funds will either be burned or reinvested into the community.
Additionally, the TRU token does not follow an inflationary economic model since it has a fixed supply. Thus, potential yield farmers do not need to worry about continuous downward selling pressure.
Where to Buy TRU Coin?TRU Coin can be quickly and securely purchased via Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy TRU Coin, one must first sign up to Binance and then send fiat money. After sending a fiat currency like dollars, the purchase can be made in the Bitcoin (BTC), BUSD, and Tether (USDT) TRU trading pairs.
Additionally, on Binance, users can place orders to buy at a lower price than the market value. For this, you just need to use the Limit tab and enter the amount and price you want to buy at.
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.
SponsoredUpdated Mar 25, 2024, 5:01 p.m. Published Mar 25, 2024, 4:59 p.m.
2 min read
(Jason Leung/Unsplash, modified by CoinDesk)Investors will be able to deposit TrueFi's T-bill token to borrow the platform's new TRI token.TRI holders will be able to stake the token to earn a yield from borrowing fees.The offering comes as DeFi activity and demand for leverage picked up amid the current crypto bull market.Decentralized finance (DeFi) lender TrueFi unveiled plans Monday to start a real-world-asset-based (RWA) lending platform called Trinity to boost utility for its tokenized U.S. Treasury offering.
Trinity will let users take out crypto loans using tokenized RWAs as collateral. TrueFi's Treasury bill token (tfBILL) will be the first, with plans to add other yield-generating tokenized products in the future, according to a TrueFi governance proposal by ecosystem developer organization Wallfacer Labs.
Investors will be able to borrow the platform's TRI token by pledging the tfBILL tokens, using the borrowed crypto to create DeFi strategies to earn up to 15% annualized yield, the proposal said. Investors will also be able to buy TRI tokens on secondary markets such as decentralized exchanges, and stake them to earn a yield from the platform's borrowing fees.
The proposal to launch Trinity is pending approval by the TrueFi decentralized autonomous organization.
Trinity will let investors take out loans against TrueFi's tokenized Treasury bill. (Wallfacer Labs)The proposed new platform follows a resurgence in DeFi activity in recent months, with crypto-native yields and demand for leverage rapidly increasing amid the roaring digital asset bull market. The CoinDesk 20 Index, a measure of the most liquid crypto tokens, has risen almost 50% since the start of the year.
TrueFi was a key lender during the previous crypto bull cycle, originating over $1.5 billion of undercollateralized loans mainly to trading firms and market makers. As crypto prices cratered in 2022 with multiple firms imploding, some borrowers failed to repay their loans and depositors fled. The protocol's total value locked dropped to $20 million by the end of 2022 from a peak of over $900 million in 2021.
Last year, TrueFi introduced the tokenized U.S. Treasury offering, which had recently attracted $8.7 million of deposits.
TrueFi's governance token TRU$0.0₃8998 jumped 14% after the proposal was published at 15:53 UTC, and has gained some 20% in the past 24 hours.
Cicada Partners and TrueFi are launching uncollateralised loans on Arbitrum.The niche has led to some of the largest and most expensive bankruptcies in recent years.There’s little to no standardisation in how crypto firms are assessed for underwriting.TrueFi, a credit protocol, is teaming up with risk managers Cicada Partners to bring what’s been a cornerstone of traditional finance — borrowing more with less — to crypto.
Undercollateralised lending is a fraught business, marred by catastrophic failures over the past few years.
The multi-billion-dollar collapse of centralised lenders Celsius, BlockFi and Genesis sent ripples across the industry, defining the crypto winter of 2022 and 2023. Decentralised lenders have had their fair share of carnage, too.
Recent attempts at unbacked lending on DeFi protocols like Goldfinch have resulted in millions of dollars worth of defaults.
Despite previous catastrophic failures, TrueFi and Cicada are giving it another shot.
After all, it’s a massive opportunity.
A 2023 report from Allied Market Research predicts the global market for unsecured business loans across all industries will hit $12.5 trillion by 2031.
“The negative stigma is largely one that comes from a lack of education on the topic,” Ryan Rodenbaugh, CEO and co-founder of Wallfacer Labs, a core contributor to the TrueFi protocol, told DL News.
To be sure, lending exists in the crypto industry, but the majority of loans demand borrowers to put up more collateral than they can borrow. In the permissionless world of DeFi, it’s the only way to minimise the risk that your counterparty won’t run off with the money.
For uncollateralised lending, the only assurance of reimbursement is the trustworthiness and track record of the borrower.
It all hinges on a firm’s ability to accurately assess risk. In this case, that means TrueFi and Cicada.
“Given loans are issued based on onchain and offchain balance sheets, there has to be a centralised underwriter who has to analyse all of this data and issue an opinion,” Ashwath Balakrishnan, head of Delphi Creative, told DL News.
Taking things slowThe two companies will provide lines of credit to crypto-native trading firms, a demographic notoriously unable to take out loans from traditional banks that can’t bear the risk.
But for an industry with a disastrous history of under-collateralised lending, attracting business is a challenge. When DL News asked how they’ll differentiate themselves from previous catastrophes, Rodenbaugh said by taking things slow.
“Risk-managed and slow-growth underwriting works well,” he said, referring to the process by which entities calculate and take on the financial risk of loans.
The new platform is not their first foray into lending. TrueFi already runs a small, uncollateralised lending market on Ethereum worth nearly $24 million.
Cicada also underwrote uncollateralised loans on DeFi lender Maple Finance, a venture not without its own failures.
Lenders on Maple took a big hit in December 2022 when borrower Orthogonal Trading defaulted on eight loans totalling $36 million.
Months prior, crypto hedge fund Invictus Capital and crypto investment firm Blockwater Technologies failed to repay loans on TrueFi totalling $4.4 million.
But Rodenbaugh said the TrueFi platform, which has in its lifetime lent $1.7 billion across over 150 loans, has a default rate of less than 1%. Similarly, Cicada Partners, which has underwritten over $850 million in loans since 2021, has a 1.2% default rate.
“Both protocols had losses, as you would expect in any form of credit, but neither of our protocols suffered the catastrophic losses seen by firms like BlockFi, Genesis, Celsius, etc,” Rodenbaugh said.
TrueFi and Cicada’s default rates are comparable to those in traditional financial markets. According to the Federal Reserve Bank of St. Louis, the average delinquency rate on business loans across all commercial banks was 1.13% in the first quarter of 2024.
“No standardisation means there’s no way to confirm for sure data is legit.”
— Ashwath Balakrishnan, head of Delphi CreativeSefton Kincaid, founder of Cicada Partners, told DL News the low default rates were because the pair were highly selective in who they loaned to and a strict due diligence process.
He said the pair examined the performance track records of potential borrowers across multiple trading cycles before agreeing to underwrite loans.
Still, that might not be enough. Compared to traditional markets, there’s little to no standardisation in how crypto firms are assessed for underwriting.
“No standardisation means there’s no way to confirm for sure data is legit,” Balakrishnan told DL News. “You as a lender must trust that the underwriter is doing their job properly.”
Deploying on ArbitrumThe pair have built their new lending market on Ethereum layer 2 Arbitrum.
Rodenbaugh said TrueFi and Cicada chose Arbitrum over other blockchains because it’s the Ethereum layer 2 with the most deposits and also the farthest along in terms of decentralisation.
The network’s foundation also agreed to provide an ARB token grant to encourage interest, but it has not disclosed publicly how big the grant will be.
The question now is whether TrueFi and Cicada can attract enough high-quality borrowers.
Cicada’s Kincaid said his firm identified over 20 borrowers — mostly trading firms — looking to take out lines of credit worth over $300 million at 13 to 15% interest.
If the pair courted all these borrowers, it would make the new protocol the fourth-largest real-world asset DeFi protocol as tracked by DefiLlama.
Multi-stage investment firm DWF Labs joined TrueFi as a market maker. The price of the TRU token surged by more than 10% in the past 24 hours. 7.5 million TRU tokens were sent to DWF Labs as part of the proposal. DWF Labs, the Web3 investment firm, is set to become the market maker for TrueFi, a leading DeFi lending platform.
This partnership, formalized through a recent governance proposal passed on July 10th, highlights the increasing maturation of the DeFi sector and the potential for traditional financial players to play a more active role in this rapidly evolving landscape.
Notably, the proposal to appoint DWF Labs as the market maker was submitted on May 27. The proposal was subsequently put to a vote on July 2 on Tally, a front-end for on-chain DAOs. As per post, the proposal received approval on July 10, officially appointing DWF Labs as the market maker for TrueFi.
Following the approval, a wallet received 7.5 million TRU, the native token of the TrueFi project, aligning with the terms outlined in the proposal. The proposal stated that DWF Labs could provide funding to the TrueFi team in the future, if needed, adding:
DWF Labs excels in dynamic prop trading, employing varied strategies in both CeFi and DeFi, including liquidity provisioning in DEXs and CEXs, cross-venue arbitrage, and HFT. We can enhance liquidity for TRU in both spot and perp markets.
Yet another X post detailed the terms of the arrangement, revealing that the 7.5 million tokens were borrowed for a period of 24 months. DWF Labs will provide a 3% annual interest yield, paid every four weeks via stablecoins Tether (USDT) and USD Coin (USDC). Additionally, the market-making target is a bid-ask spread of 35 basis points.
As a result of DWF Labs’ appointment, TRU surged by more than 10% in the past 24 hours, according to CoinMarketCap data.
As a result of DWF Labs being appointed as TrueFi market maker, TRU surged by more than 10% in the past 24 hours, according to data from CoinMarketCap.
DWF Labs and TrueFi have maintained active communication throughout the year, with DWF Labs recently announcing a series of growth initiatives. These include the debut of a new website to improve market transparency and fairness, as well as partnerships with the TON Foundation and Fireblocks.
On May 28, DWF Labs announced its MEME track fund and partnered with LADYS, FLOKI, GME, and MAGA. GALA, a project within the firm’s portfolio, is also one of the top four assets on the chain.Additionally, DWF Labs also launched a $20 million cloudbreak fund to support Web3 projects and their leaders in regions where Chinese is the primary language. The fund focuses on gaming finance (GameFi), social finance (SocialFi), memecoins, derivatives, and layer-1/layer-2 projects.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
The total value locked (TVL) in multiple cryptocurrency projects achieved significant growth. The research document published by Phoenix Group uses data from DeFiLlama to present the top projects based on their TVL weekly growth performance. TrueFi (TRU) stands as the top project with $260.2k increase in its TVL representing a 424% surge surpassing other projects in terms of locked value.
Three DeFi projects Mint ($MINT), Maple ($MPL), and Zircuit ($ZRC) experienced significant TVL growth after TrueFi. Mint holds $1.5 million while Maple secures $454.4 million and Zircuit maintains a TVL of $890.8 million. The increasing TVL shows that decentralized finance (DeFi) markets receive more investor trust and experience more activity.
Notable Projects Experiencing TVL Expansion Three DeFi protocols Note ($NOTE), Euler ($EUL), and Velodrome ($VELO) show substantial TVL growth resulting in value increases of $13.5 million, $377.1 million, and $66.7 million respectively. Various DeFi platforms found in the list indicate that decentralized financial applications are gaining growing popularity across the market.
The TVL figures from Level ($LVL), Earn Network ($ERN), and Tokenlon ($LON) reached more than $87.7 million, $3.2 million, and $1.1 million respectively. The multiprotocol growth across different platforms reflects the diverse characteristics of the DeFi sector since various protocols gain simultaneous traction.
Market Capitalization and Investor Confidence The major increase in TVL demonstrates growing liquidity and project participation levels, which both derive from market confidence and shifting market dynamics. The amount of token value locked within a protocol point to increased protocol usage alongside user trust, which results in enhanced development and an expanding ecosystem.
$IDLE and $PUFFER along with $BLUE and $CPOOL reported successive TVL growth reaching $51.1 million and $172.3 million respectively. These ongoing market trends currently shape the DeFi landscape by drawing more capital inflows which enhances decentralized financial networks.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
We recently published the Q3-2025 DAO report and as such wanted to share our updated vision with the broader crypto community. Over the past year, TrueFi has undergone a strategic transformation. Following a period focused on stabilizing operations, reducing costs, and rebuilding key infrastructure, the DAO is now entering a new phase centered on growth: scaling total value locked (TVL), reactivating KYC-enabled lending, and generating sustainable fee revenue.
At the start of 2025, TrueFi’s priorities were clear: rebuild essential systems, cut excess spending, and re-establish operational control. The Foundation inherited a complex and costly structure that required decisive action. Through careful resource management, vendor consolidation, and focused execution, the team succeeded in reducing expenses by roughly 75% while maintaining core development and governance functions.
This efficiency drive not only extended the DAO’s financial runway but also enabled continued progress on critical technical milestones. With the completion of the Elara codebase, the integration of Cyan on Hyperliquid, and the strategic partnership and investment in Accountable, TrueFi’s infrastructure is now primed for scalable, compliant lending activity.
The Foundation also completed a full front-end reskin, now in its final phase user acceptance testing and is on track for an October launch. This new interface will deliver a modern, intuitive user experience and reintroduce on-chain lending through KYC-enabled vaults.
Together, these efforts have set the stage for TrueFi’s next chapter: growth.
Elara Codebase Completion
The Elara framework, TrueFi’s compliant and composable stablecoin and treasury management infrastructure, reached full code completion this quarter. With yield-distributing smart contracts, comprehensive frontend and backend implementation, and 98% test coverage, Elara has been deployed to the Sepolia testnet.
The team also completed internal security reviews and secured audit quotes from top firms and an independent security researcher. Once live, Elara will compliantly power stable income generation, support diversified collateral types, and deliver institutional-grade transparency. It represents a major step toward reestablishing TrueFi as a leader in scalable DeFi infrastructure.
Cyan Integration on Hyperliquid
The integration of Cyan with Hyperliquid marks a major step toward connecting decentralized credit markets with deep on-chain liquidity. Cyan serves as a coordination layer that links lenders, borrowers, and liquidity venues for efficient loan origination and execution. Its infrastructure allows asset owners to access liquidity while retaining upside from airdrops and future appreciation.
By enabling NFT-backed and over-collateralized lending on Hyperliquid, the integration opens a new frontier for structured credit products in decentralized finance. The team successfully bootstrapped initial liquidity for Cyan’s NFT lending markets on the HyperEVM, a segment poised for meaningful growth as DeFi credit continues to evolve.
Accountable Partnership and Investment
TrueFi’s strategic partnership and investment in Accountable reinforces the Foundation’s commitment to privacy-preserving credit infrastructure. Accountable’s zero-knowledge verification technology allows institutions to prove assets and liabilities without revealing sensitive data such as wallet addresses, trading strategies, or API keys.
This integration complements TrueFi’s long-term mission to create a transparent yet privacy-conscious credit layer for both traditional and crypto-native markets. The collaboration also expands TrueFi’s reach, enabling stronger underwriting frameworks and unlocking new opportunities for compliant, real-world lending.
Cost efficiency remains one of the Foundation’s most significant achievements this year. By centralizing vendor contracts, renegotiating key agreements, and eliminating redundant expenses, the DAO preserved financial stability while funding high-impact initiatives.
This discipline reflects a cultural shift at TrueFi. We are committed to doing more with less, measuring progress through delivery and results rather than spend. It also ensures that future growth initiatives, from KYC-enabled lending to ecosystem partnerships, are built on sustainable financial footing.
With the core infrastructure complete and operations streamlined, TrueFi’s focus now turns to measurable growth.
Reactivating KYC-Enabled Lending
With the completion of the new front-end, the Foundation plans to resume KYC-enabled lending in Q4. This unlocks participation from regulated institutions seeking compliant exposure to on-chain credit, expanding the addressable borrower base and driving new inflows of capital.
Growing Total Value Locked (TVL)
Increasing TVL remains the DAO’s most important growth metric. Through targeted business development and strategic partnerships, TrueFi aims to attract institutional and crypto-native groups to use its time-tested vaults in their borrow-lend activity.
In addition to classic credit vault TVL, we will also aim to ramp up activity on Cyan. While NFT lending today represents a departure from TrueFi’s origins, these high-margin loans are an attractive source of diversified revenue.
Generating Fee Revenue for the DAO
The reactivation of lending activity will directly translate into fee revenue, strengthening DAO self-sufficiency. As lending volumes rise, these fees will support continued development, investments, and community incentives, completing the flywheel between protocol usage and DAO growth. We look forward to sharing more about our plans here in the second half of 2026.
Elara and the Stablecoin Opportunity
Elara, the stablecoin and treasury management project owned by TrueFi, represents an additional growth lever. As the team prepares to deploy elUSD across multiple chains, we expect to see meaningful expansion in circulating supply, which should establish a stable and recurring revenue base from which the project can scale. TrueFi intends to collaborate closely with Elara, supporting its adoption and integrating its credit capabilities when it makes sense. Over time, the DAO will also explore opportunities to monetize its Elara holdings in a way that supports long-term value creation for the community.
TrueFi enters Q4 2025 with a clear mandate: move from rebuilding to scaling. The team’s near-term priorities are to launch Elara, activate compliant lending vaults, grow TVL, and begin generating consistent income for the DAO.
These efforts mark the culmination of a year defined by efficiency and delivery and the beginning of one centered on growth and sustainability.
With a lean operating model, robust infrastructure, and a growing network of partners, TrueFi is positioned to reassert itself as a leading credit layer within decentralized finance. Strategic investments in Cyan and Elara provide a healthy pipeline of diversified revenue and future investment opportunities for the DAO.
Today, we’re excited to announce TrueFi’s strategic investment in Accountable, the new standard for real-time financial verification. Accountable enables institutions to prove financial health privately, powered by zero-knowledge proofs. This investment, a small contribution to the project’s latest funding round led by Pantera Capital, represents a significant step forward in our mission to enable sophisticated, real-world lending while maintaining the decentralization and composability that make DeFi transformative.
As we build toward the next phase of on-chain lending, TrueFi is investing in infrastructure that enhances both privacy and efficiency while preserving the transparency and reliability we’ve brought to real-world credit markets. Our collaboration with Accountable reflects this vision: : by supporting a verifiable trust layer for borrower health, we extend our commitment to institutional-grade lending and help shape a more private, composable, and interoperable credit stack.
Traditional DeFi lending faces the fundamental limitation of requiring over-collateralization, which is capital inefficient and constrains economic growth. While protocols like Aave and Compound have proven the viability of on-chain lending, their reliance on excess collateral means borrowers must lock up more capital than they receive, limiting the productive use of funds.
As the industry moves toward uncollateralized loans, establishing trust between lenders and borrowers raises a new challenge. Historically, overcoming this trust gap has required borrowers to sacrifice privacy, exposing sensitive financial data, wallet activities, and business operations to public scrutiny or centralized intermediaries.
Accountable solves this challenge with privacy-preserving attestations. Using zero-knowledge proofs, borrowers can prove income, assets, or other financial metrics without exposing underlying data. In practice, this enables selective transparency: lenders get the information they need, while borrowers preserve control and privacy.
This unlocks scalable under-collateralized lending, essential for the growth of both institutional DeFi and tokenized real-world assets.
The synergies between our platforms underpin the strategic nature of this investment and are compelling across multiple dimensions:
Shared Mission: Both projects are committed to scaling uncollateralized and real-world lending in a trust-minimized manner. Together we’re going to build solutions that consider both the benefits and challenges of operating on-chain.
Complementary Capabilities: TrueFi provides the lending infrastructure, smart contract architecture, and exciting optionality through our ties to Elara and Cyan. Accountable contributes the Data Verification Network (DVN), a privacy-preserving system for real-time proofs. Together we can deliver a complete solution that increases capital efficiency and unlocks network effects.
Proven Collaboration: TrueFi is already live with Accountable’s YieldApp on testnet, the first marketplace for verifiable yield opportunities.
Strategic Positioning: This investment gives TrueFi role at the forefront of privacy-preserving, verifiable credit infrastructure, aligning with Accountable’s Data Verification Network and enabling us to shape the next generation of institutional-grade, on-chain lending.
Accountable’s funding round, led by Pantera Capital, signals broader industry recognition of the importance of privacy-preserving, verifiable, financial infrastructure and the growth potential of DeFi credit markets.
Secured backing from a strong brand in crypto venture is aligned with growing institutional interest in DeFi solutions that can bridge the gap between traditional finance and decentralized protocols while maintaining the composability and reach that make DeFi compelling.
Our collaboration with Accountable places TrueFi at the leading edge of on-chain lending. As we evolve our platform and reintroduce real-world lending, tools like Accountable’s Data Verification Network and Vault-as-a-Service allow us to do so with greater efficiency and flexibility.
Imagine a borrower proving income from off-chain sources, demonstrating on-chain activity, or sharing balance sheet data, all while avoiding exposure of sensitive details on public blockchains or even to lenders beyond what’s required for underwriting.
Looking ahead, we’re committed to building infrastructure that supports the next wave of financial applications that respect user privacy while enabling rigorous, data-rich credit assessments. This approach not only strengthens TrueFi’s ecosystem but sets a precedent for how decentralized credit markets can scale responsibly.
We’re incredibly excited to work with the Accountable team as they continue to push the boundaries of what’s possible with zero-knowledge proofs in finance. Their technical expertise, combined with TrueFi’s lending infrastructure and market experience, creates opportunities that neither of us could realize alone.
This investment reaffirms TrueFi’s commitment to pushing the boundaries of decentralized financial infrastructure. Whether you’re a builder interested in privacy-preserving financial applications, a borrower seeking access to decentralized credit, or a lender looking for new opportunities in real-world assets, we invite you to join us in this next phase of TrueFi’s evolution.
The future of decentralized credit is verifiable, private, and accessible. With partners like Accountable, we’re making that future a reality.
Learn more about TrueFi at truefi.io and follow our progress on Twitter. For full details, read Accountable’s official announcement and visit accountable.capital to learn more about Data Verification Network (DVN).
As we wrap up 2025, the TrueFi community deserves a clear and honest look at what we’ve accomplished over the past year and where we are going next. It has been a year of rebuilding from the inside out. Not the loud, flashy kind of rebuilding that makes headlines. The quieter kind where systems get untangled, expenses get streamlined, and foundations get strengthened so that meaningful growth can happen again.
2026 is going to bring some of the most exciting announcements in the project’s history. Before we get there, though, it is worth reflecting on how far the protocol has come.
TrueFi entered 2025 with a number of legacy issues that needed to be addressed. Much of this stemmed from earlier eras of the project where processes were handed off, wallets were scattered, contracts were unclear, and costs tended to drift upward rather than downward.
One of our core priorities this year was tackling those issues head-on. The most measurable result is the dramatic reduction of our monthly burn. At the start of the year, TrueFi’s monthly operating costs were still running above $400,000. Through systematic cost reviews, renegotiation of vendor relationships, consolidation of IT services, and a careful rethink of every recurring expense, we have brought that figure down to about $150,000 per month.
Importantly, we expect this number to fall even further in early 2026. Many of the decisions made over the past year have lagging cost benefits that will show up in the coming months. Of course, the goal is not austerity for its own sake. We’re ensuring that every dollar spent moves the protocol toward long-term sustainability and value creation.
Another major initiative in 2025 was completing the cleanup of legacy IT and service infrastructure. This included untangling systems still linked to old founder cards and reorganizing accounts so the DAO has clear, auditable control. While this type of work rarely gets attention, it is essential for any protocol that wants to operate responsibly and maintain security. It also took a long time to complete! That said, we are leaving 2025 with a much cleaner, simpler, and more transparent operational footprint than we started with.
Another meaningful win has been the work on wallet cleanup. As TrueFi evolved, various assets were scattered across legacy wallets, multisigs, and smart contracts that were no longer in active use. This led to stranded capital, as well as unnecessary complexity around financial reporting and treasury management.
In 2025 we took a systematic approach to reviewing all known addresses, recovering idle assets, standardizing ownership, and building a clean map of protocol-controlled capital. That effort is now in its final stages. Once completed, TrueFi will have a much tighter grip on its treasury and a clear picture of its resources as we enter 2026.
One of the most exciting developments this year was the completion of the Cyan acquisition. Cyan is a revenue-generating NFT lending platform with a talented team and a product that complements TrueFi’s long-held vision for permissionless credit markets.
This acquisition gives TrueFi exposure to a new category of on-chain credit, one that behaves differently from RWA lending (today) and opens the door to new use cases for both users and partners.
Cyan also launched on Hyperliquid in 2025, expanding its reach into one of the most active ecosystems in crypto. As we head into 2026, we are rolling out a new incentive program designed to encourage activity on Cyan in a way that is economically positive for the protocol. Unlike traditional emissions-based campaigns, ours focuses on strengthening activity and deepening real usage rather than paying for short-term spikes. Full details will be released publicly in the coming weeks.
The team at Cyan has been exceptional to work with. Their culture blends well with ours and we look forward to building with them in the coming year.
While much of our focus over the past year was dedicated to internal cleanup and infrastructure improvements, we also made progress on the user-facing side of TrueFi. The front end underwent a complete reskin, giving users a cleaner and more modern interface. Our aim is to make TrueFi feel intuitive and accessible while still maintaining the sophistication expected of an institutional-grade credit protocol.
Alongside the redesign, we have been integrating Keyring as a compliance gateway for the protocol. Now in final testing, this system will give institutions and regulated entities a smooth, secure way to access TrueFi without requiring bespoke integrations or manual processes. Compliance infrastructure is a critical ingredient for bringing larger borrowers, lenders, and market participants into the fold, and we are excited to roll this out in the coming days.
Another important step this year was our participation in Accountable’s $7.5 million round led by Pantera Capital. We’re big fans of Accountable. They’re a company whose technology and team will provide meaningful synergies as we resume growth in the lending business. Their expertise deepens TrueFi’s capabilities in risk, transparency, and reporting, all of which are essential for scaling responsibly. As markets recover and demand for credit increases, these capabilities will play a central role in re-establishing trust in RWA lending.
Although the external funding we expected for Elara did not come through, that has not slowed our momentum. The team developed a robust protocol that will allow TrueFi to operate a capital-efficient, economically aligned asset with real utility across the ecosystem. Even without outside capital, we retain full ownership of the intellectual property and are now exploring how to make use of it in a sustainable manner.
This work positions TrueFi well for future cycles, especially as stablecoins become the gravitational center of on-chain activity. The technical foundation we built also informed our next major development initiative.
We also shipped a major technical milestone: a CDP system on testnet that supports looping of yield-bearing assets. For users, this means the ability to deposit yield-generating tokens as collateral and borrow against them to purchase more of the same assets, amplifying potential returns in a controlled environment. This architecture opens the door for new product lines within TrueFi and potentially allows lenders to access leveraged yield in a transparent, risk-managed way. Early testing has been promising and we expect to share more in the new year.
We know the last few years have been difficult for the community. Trust was broken and the project struggled under the weight of legacy baggage. That is exactly why the current team approached 2025 with a focus on discipline, transparency, and execution.
We cleaned up operations. We recovered capital. We reduced unnecessary burn. We integrated new platforms. We made strategic acquisitions that strengthen our roadmap. And we laid the groundwork for new products that will define the next phase of TrueFi’s evolution.
All of this happened in a year when crypto token prices were broadly down and sentiment was mixed. Even so, the team is incredibly proud of what has been achieved. These results are the foundation of everything that comes next.
2026 is shaping up to be a transformative year. We have several important announcements on the way and a roadmap that is clearer, more focused, and more economically aligned than it has been in years.
Thank you to everyone in the community for your patience, your feedback, and your belief in what TrueFi can become. We wish you a restful holiday season and look forward to building with you in the New Year.
Jiang Zhuoer: This round of Bitcoin bear market may bottom out in Q4 2026, with a target range of $42,000 to $44,000.
BTC.TOP founder Jiang Zhuoer wrote in a post that Strategy’s modified net asset value (mNAV) has fallen to 0.72, near the 0.7 low hit in May 2022 during the last bear market. Citing recent market sentiment events including STRC’s depegging, he noted that mNAV is now in the bottom zone of this cycle. mNAV usually bottoms roughly six months before Bitcoin’s price. Using the "four-year cycle" and volatility decay model, Jiang projected that this Bitcoin bear market will likely bottom between October and December 2026, with a target price range of $42,000 to $44,000. He added that his recent medium-short term strategy remains focused on selling spot assets and holding short positions, and will switch to buying spot and going long once the expected bottom arrives.
1 minutes ago
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
1 minutes ago
Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify
Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)
1 minutes ago
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
1 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
PANews reported on April 17 that Binance will delist the Dego Finance ( DEGO ), DENT , and TrueFi ( TRU ) spot trading pairs at 11:00 (UTC +8) on April 28 , 2026 , and terminate related trading bots, instant swaps, and small-amount asset exchanges.
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Panelists at global fintech company Finder have relayed a series of projections on the Cardano native token ADA. Despite the cryptocurrency’s slow growth recently, various crypto experts have predicted the price of ADA to surge to record highs soon.
Cardano Expected To Rise Above $3 by 2030 A recent survey of panelists at Finders has revealed the future outlook for the price of ADA. According to the report, Cardano is expected to witness a significant surge between the average of $5.37 and $3.15 by the end of the decade.
Supporting the cryptocurrency’s potential price growth, the Chief Operating Officer (COO) of Layer One X, Matiu Rudolph has predicted that the price of ADA could increase to $3.50 or higher by 2025. He has also predicted that the cryptocurrency could witness a rise to new all-time highs of $10 by 2030.
The COO has based his predictions on Cardano’s burgeoning ecosystem and robust community of supporters. He disclosed that the cryptocurrency’s loyal community was one of its greatest assets, fostering global adoption and boosting the value of the cryptocurrency.
Also speaking about Cardano’s future price outlook, the founder of Omnia Markets, Mitseh Shah has projected the price of ADA to surge to $2.75 by 2025. The fintech founder has given reasons for his price prediction, stating if the crypto market enters a bull run, Cardano could see its price rising to new highs.
“If next year’s Bitcoin halving leads to a bullish crypto market Cardano could well be taken along for the ride,” Nick Ranga, senior cryptocurrency and forex analyst at ForexTraders stated.
In a similar light, another panelist, Ruadhan O, creator of Seasonal Tokens has remained bullish on Cardano, expecting the cryptocurrency to surge to $2 by 2030. The crypto investor has disclosed that Cardano is likely to witness significant gains from Ethereum’s market share during the next crypto bull run.
Overall, predictions regarding Cardano’s price outlook seem to depend on the market’s performance and the possibility of a bull run. At the time of writing the cryptocurrency is trading at $0.65, reflecting an increase of 3.63% over the past week, according to CoinMarketCap.
ADA To Witness Major Price Drop Despite the optimistic forecast from a considerable number of Finder’s panelists regarding Cardano’s price, others have expressed opposite views, highlighting Cardano’s underperformance and inability to keep up with market expectations.
Josh Fraser, co-founder of Origin Protocol, Cardano and Joseph Raczynski, a futurist have predicted that the price of Cardano could plummet to zero by 2030 and 2025 respectively. Numerous other panelists who share similar pessimistic sentiments have revealed that Cardano’s lack of decentralized applications and failure to achieve global adoption was one of the key factors behind its foreseeable limited price growth.
ADA price at $0.65 | Source: ADAUSDT on Tradingview.com Featured image from CoinStats, chart from Tradingview.com
Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...
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Origin Protocol token holders have proposed to merge the protocol’s lesser known token Origin DeFi Governance “OGV” with its native decentralized finance (DeFi) Ethereum token OGN.
The OGN protocol is backed by Reddit co-founder and VC investor Alexis Ohanian, Taiwanese-born American YouTube co-founder Steve Chen, and Y Combinator president Garry Tan.
In an announcement, Origin Protocol said the move to integrate the tokens will improve Ethereum liquid staking. This allows anyone to share in the rewards of staking without having to maintain complex staking infrastructure.
“The proposal aims to unify Origin Protocol under a single token,” Matt Liu, co-founder of Origin Protocol told Cryptonews. “If both DAOs align on the merger, OGN will become the cornerstone of Origin’s ecosystem, fostering alignment among the community, investors, and core team for improved value creation,” said Liu.
“At a market capitalization of less than $15 million, the team and its investors feel that acquiring OGV while undervalued will serve as a value-creating event,” said Origin Protocol in a press release.
What Is Origin Protocol?
Origin Protocol is a blockchain platform designed to enable decentralized marketplaces and sharing economies and claims to cut out the middleman. It aims to disrupt traditional sharing economy companies like Airbnb and Uber by allowing buyers and sellers to interact directly without the need for intermediaries.
The platform utilizes smart contracts to facilitate transactions, reducing fees and increasing transparency. It also allows developers to build decentralized applications (dApps) on top of its infrastructure.
What Is a Token Merger?A token merger refers to the consolidation of two or more tokens into a single token. This process usually involves transferring the value, functionalities, and user base of the merged tokens into a newly created or existing token.
Token mergers can occur for various reasons such as improving liquidity, simplifying tokenomics, or merging projects to achieve a better synergy. It seems token mergers are becoming more common in the cryptocurrency space.
Origin Protocol highlights there are several notable token merger projects paving the way for innovative new realignments. There is the merger between Fetch.AI, and Ocean Protocol. Another involves SingularityNet with ChainGPT CEO Ilan Rakhmanov stating the merger will set new standards for the industry.
What Is the Origin Token?Origin Token (OGN) is an Ethereum token that powers the Origin platform, which aims to power decentralized and peer-to-peer marketplaces. OGN can be used for staking, governance, and advertising on the Origin platform.
The Origin Protocol white paper can be found here.
Origin Protocol went on to add if the OGN-OGV merger proves successful, it will set a benchmark for mergers and acquisitions within the DeFi space. The merger has generated a buzz within its community and the broader crypto space.
Origin Protocol (OGN) token holders have set forth a governance proposal to merge Origin DeFi Governance (OGV) with OGN. The protocol's lesser-known token, OGV, appreciated over 100% last month as the protocol's revenue and total value locked (TVL) continued its upward momentum.
OGV exists as the value accrual token for Origin's DeFi products. Its flagship product, Origin Ether, has $160M+ total value locked, accruing over $1 million in fees annually. At a market capitalization of $10 million, the team and its investors feel that acquiring OGV while it's undervalued will serve as a value-creating event.
Similarly, the AEVO and Ribbon merger set a precedent for token mergers aimed at enhancing product offerings and market positioning. These precedents highlight the impact token mergers can have on protocols, showcasing their ability to foster greater utility and community alignment.
The proposed merger with OGN, contingent on the approval of both the ongoing OGN governance proposal and a subsequent OGV proposal, marks a strategic consolidation aimed at enhancing Origin's product suite and improving its focus.
OGN boasts an impressive roster of backers, including Pantera, Spartan Group, HackVC, 1kx, Reddit co-founder Alexis Ohanian, YouTube co-founder Steve Chen, and Y Combinator president Garry Tan. Origin Protocol claims that the merger is the first step in the protocol's renewed roadmap, which includes ambitious products in the realm of liquid staking and restaking.
The roadmap highlights plans for broadening Origin’s footprint across various Layer 2 networks, further bolstering its capacity to offer cutting-edge solutions in yield generation and liquid staking. Origin's expansion towards Layer 2 networks Arbitrum, Base, and Optimism is poised to unlock new possibilities for scalability and utility within the Origin ecosystem and the liquid staking landscape at large.
The OGN-OGV merger will set a benchmark for mergers and acquisitions within decentralized finance. Origin Protocol's merger, along with the project’s ambitious expansion plans, have generated notable excitement from its community and the broader crypto space. The full details of Origin's yield products are scheduled to be announced this Thursday, with teasers being shared last night in the OGN governance proposal.
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The Origin Protocol crypto captured the investors’ attention on April 17, as witnessed by the rally of nearly 10% in OGN price. Notably, the recent surge has sparked discussions in the crypto community over the potential reasons that could have triggered the recent rally.
Meanwhile, this price jump comes following a groundbreaking announcement from the Origin DeFi DAO, signaling a significant development for the protocol’s future trajectory. In addition, the positive sentiment in the broader crypto market today might have also helped gains in it.
Origin Protocol Price Rallies Following OGN-OGV Merger Announcement Origin Protocol recently announced a groundbreaking decision that has sent ripples of excitement throughout the crypto community. The proposal to merge OGN and OGV has not only been accepted but welcomed with open arms by the Origin DeFi DAO, ushering in a new era of consolidation and growth.
Notably, this strategic move aims to concentrate value and streamline the protocol’s offerings under one cohesive banner, marking a pivotal moment in Origin’s evolution.
Meanwhile, the merger, which received overwhelming support from the community, is poised to bring about substantial benefits for all stakeholders involved. By consolidating OGV into OGN, Origin Protocol is set to solidify its position as a dominant player in the competitive landscape of decentralized finance (DeFi).
With OGN at the helm, stakeholders can look forward to governing a substantial portion of Total Value Locked (TVL) and earning a share of protocol revenue from various products, including OETH and OUSD.
Also Read: Upbit To Suspend Deposit and Withdrawal of Crypto Exceeding 1 Million Won
What’s Next? The merger paves the way for the integration of PrimeStaked, a robust liquid restaking platform, into Origin’s ecosystem, providing users with enhanced liquidity and support. OGN’s utility is set to expand exponentially, as it takes center stage in governing Origin’s innovative Automated Redemption Manager (ARM), a cutting-edge hub for seamless liquidity provision.
Meanwhile, as the protocol gears up for the next phase of its evolution, users can anticipate voting on a governance proposal to finalize OGN’s upgraded tokenomics. If approved, migration mechanisms will be put in place to facilitate the seamless conversion of OGV holdings to OGN, ensuring a smooth transition for all stakeholders involved.
Notably, the Origin Protocol price traded at $0.156, up 9.71% over the last 24 hours, while its trading volume from yesterday soared 28.52% to $19.19 million. However, despite the recent rally, the crypto has lost more than 30% in the last seven days amid a broader crypto market crash.
Origin Protocol Price Also Read: Dubai Flood Prompts Blockchain Life 2024 To Facilitate Airdrop For Participants
Origin Protocol’s OGN token experienced a notable 10% price increase, sparking discussions about potential catalysts behind the recent surge in the cryptocurrency world. The primary catalyst contributing to this momentum was an announcement from Origin DeFi DAO, indicating a significant development for the protocol’s future trajectory.
Price Increase Tied to Origin DeFi DAO’s Merge AnnouncementThe recent price increase of Origin Protocol was triggered by the announcement from Origin DeFi DAO regarding the proposal to merge OGN and OGV, which was positively received by the altcoin community. The acceptance of this proposal marks a transformative phase aimed at consolidating value and optimizing offerings under a unified umbrella. This strategic move is a crucial moment in the evolution of Origin Protocol, positioning it for further growth in the decentralized finance (DeFi) world.
The merger proposal of OGN and OGV, which received strong community support, promises significant benefits for all stakeholders involved. By merging OGV with OGN, Origin Protocol aims to strengthen its position as a key player in the competitive DeFi landscape. With OGN taking a central role, stakeholders will manage a significant portion of the total value locked (TVL) in the protocol and share in the protocol revenues generated from various products including OETH and OUSD.
Looking forward, the merger will pave the way for the integration of PrimeStaked, a robust liquid restaking platform, into Origin’s ecosystem, thereby enhancing liquidity and support for users. OGN’s role in managing the innovative Automatic Repayment Manager (ARM) is expected to significantly expand its use cases, facilitating seamless liquidity provision.
As the protocol progresses to its next phase, users can expect to participate in governance proposals to complete OGN’s enhanced tokenomics. If approved, mechanisms will be created to facilitate the seamless conversion of OGV assets into OGN, ensuring a smooth transition for all stakeholders.
Current Status of OGNAccording to data provided by the cryptocurrency data and price platform CoinMarketCap (CMC), OGN is trading at $0.1534, up 9.17% in the last 24 hours. CMC data shows that the altcoin’s price reached up to $0.16. Despite this upward movement in altcoin, data shows that the price has melted just over 30% in the last 7 days.
Furthermore, following the announcement, OGN’s trading volume also saw a double-digit increase. According to the data, the altcoin’s trading volume in the last 24 hours increased by 30.89%, reaching $19.34 million.
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.
Origin Token (OGN) is an Ethereum-supported platform that combines NFTs and decentralized finance (DeFi) to create unique experiences and opportunities for users. Origin Token aims to bring NFTs and DeFi to the masses by providing simplified platforms for NFT issuance and stablecoin-based passive income. In this article, you can find answers to two frequently asked questions: What is Origin Token (OGN), and how to buy Origin Token (OGN) with TRY?
What is Origin Token (OGN)?Origin Token started as a decentralized e-commerce platform but later shifted its focus to NFTs and DeFi. The platform consists of two main components: NFT Launchpad and Origin Dollar (OUSD). Through these components, Origin Token empowers creators and users to interact with NFTs and DeFi in innovative ways, providing more control and accessibility to cryptocurrencies and financial opportunities.
NFT Launchpad is Origin Token’s marketplace for NFT issuance, designed to simplify the process for creators and provide unique experiences for users. Creators can customize their showcases, pricing models, and content to offer a wide range of digital products, collectibles, and experiences. This platform aims to democratize NFT creation and ownership, allowing creators to connect directly with their audiences and monetize their work in new ways.
Origin Dollar (OUSD) represents Origin Token’s entry into the DeFi ecosystem, offering users a stablecoin pegged 1:1 to the US dollar with the advantage of passive income. Unlike traditional stablecoins, OUSD holders can earn yields directly from their wallets without needing to stake or lock their funds. This passive income is generated through the automatic rebalancing of funds across various lending protocols, allowing users to participate in yield farming seamlessly.
The Origin Token ecosystem is governed by the OGN coin, which ensures the platform’s transparent auditing and development. OGN coin holders have a stake in the governance process, ensuring the platform evolves according to the community’s needs and priorities. This governance model fosters a collaborative environment where users can actively participate in shaping the future of Origin Token.
Origin Token offers users various advantages, such as greater control over NFT creation and ownership, simplified access to DeFi opportunities, and passive income with OUSD. By combining NFTs and DeFi on a single platform, Origin Token aims to democratize access to cryptocurrencies and financial services, empowering both creators and users.
How to Buy Origin Token (OGN) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Origin Token (OGN). On Binance TR, where accounts can be created quickly, more than 100 cryptocurrencies, including OGN, can be bought and sold. To buy Origin Token (OGN) with TRY on Binance TR, you can follow the steps below.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and continue from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and correctly, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be performed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone to perform identity verification from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your mobile phone camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, continue by tapping on the “Identity” option first.
Then, a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, continue by tapping on the “Upload Front” option. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload Back” option and take a photo of the back side of the document and upload it. When taking photos of the front and back sides of your ID card or driver’s license, make sure the images are clear and the information in the photo can be easily read.
Then, continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, ensure that your face fills the camera area as much as possible.
After completing all these steps correctly and completely, your identity verification process will be completed in a short time.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans accounts and make transactions without interruption. Deposits up to 50,000 TL can be made 24/7 with FAST from other banks. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.
Then, a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information displayed on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy OGN Coin with TL on Binance TR?After the deposit process, you can proceed to the OGN coin purchase step with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the page below will open. On this page, type “OGN” in the search section on the right side and click on the OGN/TRY option from the results to go to the OGN purchase page with TL.
Now the OGN trading page below will open. On this page, in the red-marked area, you need to enter the price at which you want to buy OGN in the first box and the number of OGN you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy OGN” button.
What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users supported by Binance’s core functions can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In a move that heralds a new era of collaboration within the DeFi realm, Bella Protocol has inked a strategic partnership with Manta Network. This alliance is set to invigorate the Manta ecosystem, drawing on Bella’s prowess in liquidity provision to spur innovation and growth. The partnership builds on the successful integration of Bella LP Farm on Manta and the inauguration of a BellaStaking node, underscoring a commitment to harnessing the power of advanced blockchain technologies for DeFi enhancement.
A Union of Innovators At the core of Bella Protocol’s mission is a relentless pursuit of cutting-edge liquidity solutions that elevate user experience while resting on a solid technological foundation. The partnership with Manta Network is a natural fit, with Manta’s expansive exploration of blockchain technology over three years complementing Bella’s objectives. Among Manta’s notable features are:
Scalable Solutions through Modular Data Availability: Utilizing Celestia for data availability and zkEVM for scalability, Manta Network promises low transaction fees and high scalability — essential for DeFi’s growth and wider adoption. A Developer’s Haven: Manta’s developer-friendly ecosystem, featuring a programmable zero-knowledge feature and an intuitive ZK library, makes it an attractive platform for Solidity developers to innovate using ZK technology within Ethereum’s familiar terrain. Liquidity Leadership: Recognizing liquidity’s critical role in the crypto market, Manta has swiftly ascended to the Top 25 in Total Locked Volume (TVL), showcasing its potential to enhance trading efficiency and market stability. This partnership marks more than a milestone; it represents a shared vision for a DeFi ecosystem that is not only more efficient and secure but also broadly accessible. “Joining forces with Manta Network is about more than achieving benchmarks; it’s about combining our strengths to cultivate a DeFi space that benefits all stakeholders,” shared Kenny Li, Co-Founder of p0x Labs and core contributor to Manta Network.
Echoing this sentiment, Felix Xu, CEO & Co-founder of Bella Protocol, emphasized the partnership’s significance for the DeFi landscape. “Our collaboration with Manta Network isn’t just about supporting a project; it’s about investing in DeFi’s future. Manta’s forward-thinking solutions perfectly align with our dedication to enhancing liquidity. Together, we’re forging a path for a DeFi future that not only meets but surpasses community expectations.”
Looking Forward Bella Protocol is committed to exploring new partnerships in liquidity farming to expand yield opportunities for its community, drive the development of infrastructure layers and DeFi applications, and pave the way for a more expansive, efficient, and equitable DeFi ecosystem across diverse landscapes.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Bella Protocol has partnered with Manta Network, a modular layer-two building a secure and interoperable future for ZK (zero knowledge) applications. With this strategic partnership, the idea is to unlock the vast potential of the fast-growing Manta ecosystem and leverage Bella’s successful track record in catalyzing growth and innovation in DeFi.
Kenny Li, co-founder of P0x Labs and core contributor for Manta Network, said,
“Bella Protocol’s engagement with Manta Network is a cornerstone of our shared path toward innovating within the DeFi landscape.”
Li noted that this collaboration is about making use of their “combined strengths to foster” a more accessible, efficient and secure DeFi ecosystem for all.
Backed by renowned investors like Binance Labs and Arrington XRP Capital, Bella Protocol is a platform that offers a suite of streamlined tools for users to maximize crypto yields across multiple chains.
This suite includes the flagship yield product Bella LP Farm, which has integrated ZkSync Era, Mantle Network and Manta Network, enabling users to effortlessly boost their potential earnings through multiple token rewards.
Additionally, the Ethereum-based Bella Flex Savings version two offers a gas-efficient, smart liquidity pool that auto-compounds returns.
Moreover, there’s Tuner, a Uniswap version three simulator designed to fine-tune quantitative strategies.
In this endeavor to provide greater user satisfaction, Manta is acting as Bella’s key partner, distinguished by its developer-friendly architecture, robust liquidity potential, high scalability and low transaction fees.
Impressively, Manta ranks among the top 25 for TVL (total value locked), according to DefiLlama, boasting over $229 million in TVL. With such feats, it exceeds several prominent layer-ones and layer-twos.
All these attributes of Manta Network will help the end users of the protocol and the platform gain mass adoption.
Moreover, with this ecosystem collaboration, Felix Xu, CEO and co-founder of Bella Protocol, said they are “not just supporting a project but investing in the future of DeFi.”
At the forefront of the DeFi Innovation
Together, Manta and Bella aim to push the “boundaries of liquidity provision” and “chart a course for a decentralized landscape [that] exceeds the expectations of the rapidly evolving crypto community.”
The collaboration with Manta Network comes on the heels of launching Bella LP Farm on Manta Pacific earlier this year, alongside the recent deployment of a BellaStaking node.
However, these developments are just part of the story.
In the last month alone, Bella joined hands with several other innovative projects to broaden yield prospects for its community, catalyze the development of DeFi applications and ultimately pave the way for an equitable DeFi landscape across various ecosystems.
Just last week, Bella partnered with AlphaNet, an AI platform for crypto trading.
With AI mania taking over the world and transforming industries, Bella will be utilizing the Phoenix-powered AlphaNet, which gives retail traders access to massive market data that – up until now – has been reserved only for the likes of institutional and professional traders.
This collaboration will allow Bella to expand its liquidity provision and enhance its product suite to deliver an intuitive DeFi experience.
In addition to delving deeper into AI-driven applications through AlphaNet, Bella is bringing data protection to its users by partnering with the leading ZK provable data privacy solution NuLink.
Then, to further stay on the top of its game and at the forefront of DeFi innovation, Bella secured an alliance with ZkLink Nova, the pioneering aggregated layer-three rollup ZkEVM network that brings asset aggregation to the Ethereum ecosystem.
Powered by ZK Stack from ZkSync and Nexus from ZkLink, ZkLink Nova solves the issue of liquidity fragmentation by unifying liquidity and assets onto one interoperable platform integrated with leading layer-twos like Arbitrum, Manta, Mantle, Linea and ZkSync.
So, with all these partnerships with diverse and dynamic platforms, Bella Protocol is gradually solidifying its position in the innovative, rapidly changing and yield-centric DeFi world.
Bella Protocol (BEL) is an asset management platform offering DeFi products designed to provide yield farming without gas fees. Main products like Bella Flex Savings, Bella LP Farm, and Bella Tuner offer a user-friendly experience, simplifying liquidity provision and yield optimization. Founded in 2020 by Yemu Xu and Felix Xu, the platform aims to provide access to a wide range of crypto assets with security, transparency, and low fees. This article answers two key questions: What is Bella Protocol (BEL) and how to buy Bella Protocol (BEL) with TRY.
What is Bella Protocol (BEL)?Bella Protocol is an innovative asset management platform designed to enhance and simplify the yield farming process in decentralized finance (DeFi). By offering gas-free DeFi products, Bella Protocol aims to improve liquidity provision and optimize earnings for both professional and everyday investors. Its core products, Bella Tuner, Bella LP Farm, and Bella Flex Savings, are designed to create a user-friendly investment experience that allows for strategy optimization and maximum returns.
Bella Protocol was launched in September 2020 by founders Yemu Xu and Felix Xu, who currently leads the project as CEO. The platform benefits from a team of experienced developers, engineers, and expert professionals who ensure its continuous growth. Bella Protocol operates out of Beijing, China, and is audited by PeckShield. The project is supported by leading investors such as Alphabit, Binance Labs, Ledger Capital, RockX, and Arrington Capital.
The primary goal of Bella Protocol is to create a DeFi platform optimized for financial gains while catering to varying risk tolerances. The founders aimed to offer a secure, transparent, and strategically developed platform with low fees and access to a wide range of cryptocurrencies. Bella Protocol strives to democratize DeFi investments by focusing on enhancing user experience and optimizing earnings.
Bella Protocol’s user interface is designed to be intuitive, providing easy navigation and advanced strategic development. By supporting access to various cryptocurrencies across multiple blockchains, it increases returns for users. Bella Flex Savings allows users to deposit stablecoins and other assets, which are then directed to different mining pools through smart contracts. This strategy, implemented on Curve, is periodically updated to optimize returns.
Bella LP Farm uses zkSync to enhance liquidity provision for decentralized exchanges (DEXs), offering superior incentives to users. This product also allows staking of LP tokens from DEX pools in exchange for BEL token rewards, with support for multiple blockchains. Bella Tuner, an independent Uniswap v3 simulator, enables users to backtest individual transactions and develop advanced investment strategies through smart contract functionality.
Bella Protocol offers three main products: Bella Flex Savings, Bella LP Farm, and Bella Tuner. Bella Flex Savings v2 supports gas-efficient, optimized earnings through auto-compounding and a smart liquidity pool. It supports assets like USDT, ARPA, USDC, DAI, WBTC, BUSD, and HBTC. Bella LP Farm, the top yield protocol on zkSync, offers a superior user experience with transparency, security, and optimized returns, providing easy access to other cryptocurrencies.
Bella Tuner serves as a highly accurate Uniswap v3 simulator for backtesting individual transactions. This tool, boasting 127 stars and over 40 forks on GitHub, enhances quantitative and liquidity strategies. Bella Tuner’s functionality supports advanced investment strategies by enabling smart contract operations similar to Uniswap v3.
How to Buy Bella Protocol (BEL) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy Bella Protocol (BEL). With over 100 cryptocurrencies available for trading, including BEL, Binance TR allows quick account creation. Follow these steps to buy Bella Protocol (BEL) with TRY on Binance TR.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. Go to trbinance.com and proceed from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name, surname, date of birth, nationality, and Turkish ID number.
After entering the requested information completely and accurately, email/SMS verification will be conducted to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify Your Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through 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, click on the “Copy URL” option to send the identity verification address 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 Side” 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 Side” 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 photos 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. After the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately 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 from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits over 50,000 TL from other banks are processed during EFT hours. Deposits up to 50,000 TL can be made 24/7 using FAST from other banks.
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank. 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 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. All you need to do now is use the information displayed on the page of your preferred bank 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 BEL Coin with TL on Binance TR?After depositing money, click on the “Buy-Sell” option in the top left menu on the Binance TR website to proceed to the step of buying BEL coin with TL.
After clicking on this option, the following page will open. In the search box on the right side of this page, type “BEL” and click on the BEL/TRY option from the results to go to the page for buying BEL with TL.
Now the following BEL trading page will open. In the area marked with a red box on this page, you need to enter the price at which you want to buy BEL in the first box and the number of BEL you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy BEL” 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 offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functions 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.
Bella Protocol, an AI protocol that powers various DeFi products, announced a strategic partnership with GAIB AI, an AI platform designed to make AI computing more scalable and accessible.
Bella Protocol is an AI-driven network that aims to simplify the accessibility of DeFi products, making them more simplified and user-friendly.
On the other hand, GAIB is an AI blockchain network that tokenizes GPUs, making AI computing – the processing power needed to train and operate AI models – more accessible.
The collaboration between the two firms is a tactical move to combine innovative AI abilities with DeFi, seeking to develop intelligence finance.
The Collaboration Introduces Bella into GAIB The core of this partnership is the integration of Bella Protocol’s AI-powered DeFi trading infrastructure with GAIB AI’s computing network. This means that Bella Protocol’s AI trading assistant tools will take advantage of GAIB AI’s expertise in advanced computing access and GPU systems.
This implies that Bella’s AI systems, which need huge computing power for real-time efficient strategy execution, market analytics, and predictive analysis, will operate on GAIB AI’s powerful GPU compute tech architecture.
GPUs are the key technology driving AI operations, machine learning, and powerful computing. By integrating Bella Protocol’s AI system with GAIB’s tokenized GPU investment network, this integration scales and enhances accessibility to powerful computation resources for Bella’s AI DeFi trading activities.
This integration of GAIB’s high-powered GPU and advanced computing power in Bella Protocol’s crypto trading network will enable Bella to improve the precision, speed, and advancement of its AI-powered DeFi products. This will result in more sophisticated trading strategies, advanced profit maximization, and new AI-driven investment offerings.
Introducing High-Performing AI Compute in Web3 The alliance between the two firms is paramount in the Web3 world as it resolves the urgent demand in the sector: rapid processing and powerful AI computational capability. Decentralized trading networks such as Bella Protocol are adopting AI for high-level (sophisticated) trading strategies, risk control, and profit maximization.
However, such AI systems require massive computation power, and their access remains expensive and concentrated among a few major centralized cloud providers.
Gaib AI’s distributed GPU system resolves this challenge as it runs a decentralized GPU ecosystem where high-quality computing resources are widely accessible. This collaboration advances the accessibility of low-cost, high-performing artificial intelligence abilities in the decentralized sector, making powerful artificial intelligence easily available and cost-effective for decentralized platforms.
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.
Bella Protocol simplifies crypto trading and optimizes cross-chain yields with tools like the AI-powered Signal Bot and Research Bot. The protocol has been scaling new heights, with massive user growth, product integrations, and collaborations to enhance the user experience.
The Bella Signal Bot, launched in September 2024, already has over 180,000 subscribers who directly receive real-time market insights on Telegram. The Signal Bot provides traders with long, short, and close signals for over 21 trading pairs, utilizing five distinct ML Signal models tailored to different market conditions.
The Bella LLM Research Bot, also launched in late 2024, has been upgraded with OpenAI API integration and whale tracking for the top 100 token holders. It combines legacy keyword search with a modern, vector-dependent retrieval mechanism to provide accurate data and in-depth, qualitative trading insights.
These cutting-edge AI tools have recently partnered with some of the leading industry protocols to improve web3 navigation.
Bolstering Web3-AI With Industry CollabsBella Protocol has expanded its digital footprint across the DeFAI (DeFi+AI) domain through multiple strategic alliances with Fere AI, GOAT Network, NuDEX, SuperNet, Quantum Protocol, and DeAgentAI. The latest brands to work together with Bella Protocol are AWE, AON, and zkLink.
AWE x BellaAutonomous Worlds Engine (AWE), formerly known as STP Network, facilitates an open digital realm where AI agents and humans can interact. It provides a permissionless, composable infrastructure to enable a dynamic economy between agent-to-agent and agent-to-human.
The partnership between Bella Protocol and AWE will bring together trading agents and next-gen digital, autonomous ecosystems. To this end, the Bella Research Bot will have a dedicated AWE button for users to directly access AWE’s real-time updates and resources on Telegram.
Bella Protocol’s mission to democratize AI tool accessibility to retail users aligns with AWE’s vision to build composable AI agent frameworks. Together, they aim to make intelligent trading, research, and autonomous decision-making intuitive and seamless for crypto users.
AON x BellaAGI Open Network (AON) is a decentralized AI platform that empowers developers to easily create, deploy, and monetize AI Agents. AON offers a comprehensive solution for building AI Agents and unlocking new revenue streams.
Bella Protocol has announced a significant partnership with AON to elevate decentralized AI infrastructure. AON is a pioneering platform that streamlines AI agent development via no-code tools and decentralized computing so that it’s easier to build, deploy, and monetize AI in Web3.
Through this collaboration, Bella’s AI-powered Signal Bot and LLM Research Bot will be integrated into AON’s modular agent ecosystem. This synergy combines Bella’s real-time market analysis capabilities with AON’s flexible, accessible AI framework, empowering developers to embed intelligent, autonomous agents into DeFi, trading tools, and beyond.
zkLink x BellaBella Protocol recently announced a strategic integration with zkLink, the first aggregated Layer-3 zkEVM Rollup network, designed to improve interoperability across Ethereum’s Layer-2 ecosystem. zkLink Nova aggregates liquidity across fragmented L2s, enabling seamless smart contract development with low gas costs, fast finality, and Ethereum-grade security.
This partnership embeds zkLink’s insights, documentation, and ecosystem intelligence directly into Bella’s LLM Research Bot via a dedicated menu button to provide users faster access to info on innovative Layer-3 infrastructure. By combining Bella’s AI-powered research tools with zkLink’s cross-rollup capabilities, the collaboration enhances accessibility and empowers users with deeper intelligence.
The Road AheadBella Protocol is actively working to deliver smart AI trading tools and a more intelligent and accessible crypto ecosystem for all. These collaborations provide further exposure and exchange of ideas between AI and web3 communities, while delivering real-world use cases. There are more crossovers and collaborations planned for the future, to continue providing cutting-edge crypto infrastructure for all.
This article is not intended as financial advice. Educational purposes only.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Solidus AI Tech, a blockchain-powered AI infrastructure specialized in offering computing resources, announced a strategic collaboration with Bella Protocol, a DeFi platform providing AI-enhanced tools for streamlined crypto trading and yield optimization. According to information shared today by Solidus AI Tech, the integration of the two firms’ respective technologies is set to help people efficiently maneuver DeFi markets through real-time, data-powered intelligence.
Strategic Partnership: Solidus Ai Tech and Bella Protocol!
Solidus Ai Tech has partnered with @BellaProtocol, an AI-powered trading and research platform known for innovations such as the Perpetual Trading Signal Bot and the Bella Research Bot.
As part of this collaboration,… pic.twitter.com/XRcTRDNGr3
— AITECH (@AITECHio) October 13, 2025 Bella Unlocks AI Capability with Solidus High-Performance Computing As reported in the data, this partnership enabled the integration of Bella’s Research Bot into the Solidus’ AI Tech ecosystem. The incorporation allowed Bella Protocol to introduce and operate high-functioning trading bots powered by advanced AI models on its DeFi network.
Bella Protocol is a DeFi platform that focuses on simplifying financial applications and yield generation for cryptocurrency clients. The platform uses AI to interpret huge amounts of data from diverse on-chain data sources and streamline the process of recognizing actionable market opportunities.
The presence of Solidus AI Tech is crucial in this partnership as it provides high-performance computing resources to Bella’s data processing and AI functioning. Based on this collaboration, Bella leverages Solidus AI Tech’s enterprise-grade compute infrastructure to provide computing power that its AI algorithms require to efficiently process vast quantities of data at extremely high speeds.
This is where Solidus’ computing solution is of significance to this integration. With Solidus’ compute system, Bella’s intelligent algorithms now have the efficient capability to execute various tasks autonomously to optimize DeFi trading automation, customer experiences, and risk management within its decentralized ecosystem.
As indicated in the data, this innovative integration provides Bella users with seamless access to AI-powered market analytics tools. The introduction of intelligent AI bots now enables Bella customers to carry out sophisticated trading strategies like liquidity management, yield generation, etc., without manual oversight.
Eliminating Barriers and Transforming DeFi The partnership between Solidus AI Tech and Bella Protocol represents an important move by the two decentralized projects to enable greater efficient access to DeFi services. The alliance drives long-term opportunities for DeFi advancement, giving users cutting-edge tools to empower themselves economically.
Solidus AI Tech and Bella Protocol stand out due to their capability to leverage blockchain, AI, and computing technologies to deliver real-time, functional intelligence in the rapidly growing DeFi world. The partnership shows the commitment by the two firms to redefine how people engage with DeFi markets and enable alignment between blockchain infrastructure and data-driven approach.
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.
Bella Protocol (BEL), a DeFi platform that simplifies cryptocurrency trading through AI-driven tools, announced a strategic collaboration with PlutonAI, an advanced ecosystem that combines AI with DeFi to provide an efficient Web3 experience.
Through this partnership, Pluton integrated the Bella LLM Research bot into its DeFAI platform to advance the efficiency of the decentralized artificial intelligence network. Pluton is a DeFAI (decentralized artificial intelligence) platform that enables users to deploy AI agents to drive financial automation, portfolio optimization, and trading productivity.
🚀 New Integration!
We’re excited to announce that the Bella LLM Research Bot is now live on @PlutonAIHQ – an advanced ecosystem merging AI + DeFi to redefine intelligent automation in Web3. 🤖💡
Check out our AI research agent on PlutonAI to streamline research and make… pic.twitter.com/oxheuYQPWX
— Bella Protocol (@BellaProtocol) November 13, 2025 Why Pluton Integrated Bella LLM Research Bot into the DeFAI Platform People take advantage of DeFAI platforms (like Pluton) to authorize AI agents to execute on-chain tasks like enhancing DeFi trading processes, identifying the lowest lending costs, securing the best token swap rates, and many others. One of the use cases of such DeFAI projects is yield optimization. Instead of users manually moving assets between platforms, AI agents do the work on their behalf. AI agents can swiftly reallocate assets in DeFi platforms (such as Compound, Aave, etc.) in real time to maximize returns and minimize costs.
By partnering with Bella Protocol, Pluton improves the functionality and scalability of its AI agents. Bella Protocol has gained recognition as a key participant in the field of AI agents, particularly in the sector of cryptocurrency trading. By taking advantage of Bella LLM Research bot’s advanced machine learning algorithms, Pluton’s AI agents deliver real-time trading signals that cover everything from prominent assets (like BTC, ETH, etc.) to niche segments like meme coins, DeFi tokens, and others.
The integration of Bella LLM Research bot’s dynamic machine learning models enables Pluton AI agents to adapt to different market conditions, like bullish, consolidating, and downtrend markets. By tailoring their functionalities to diverse market signals (supported by Bella’s multi-machine learning models), Pluton AI agents provide both experienced traders and beginner investors with advanced trading applications. Also, by capitalizing on Bella’s advanced AI-driven text research solution, Pluton agents provide customers with real-time access to comprehensive trading insights with high accuracy.
Redefining AI Agents in Web3 The partnership highlights the shared mission of the two platforms to develop an accessible, secure, and intelligent DeFAI ecosystem. By collaborating, Pluton and Bella aim to improve the reliability and effectiveness of AI agents in the rapidly advancing Web3 economy.
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.
PANews reported on January 19th that Pundi AI announced an integration with Bella Protocol, combining Bella's AI trading signals and market research tools with Pundi AI's decentralized data infrastructure to promote the practical application of AI agents in decentralized environments. Through this collaboration, Pundi AI can access the Bella Signal Bot API, using perpetual trading signals for specific token pairs, including long/short and close indicators, helping developers and AI agents explore real-time trading strategies and market analysis.
Furthermore, the Bella Research Bot (a Telegram AI assistant based on a large language model) can display Pundi AI-related information, such as product updates, ecosystem activities, and data content, providing users with a convenient interactive experience. This integration demonstrates the crucial role of AI-driven infrastructure in supporting transparent and accessible on-chain applications, and also aligns with Pundi AI's mission to transform data into on-chain intellectual property and promote open participation in the AI economy. In the future, both parties will explore more innovative AI applications and further expand the Web3 ecosystem.
Bella Protocol has formed a new strategic partnership with PinGoAI which is a big step towards its endeavor to improve AI-powered products throughout its ecosystem. The collaboration combines the decentralized finance infrastructure of Bella with the decentralized physical infrastructure network, or DePIN, of PinGoAI, which is developed on The Open Network. Bella will use the distributed computing capabilities of PinGoAI to enhance the speed and efficiency of its AI-driven tools and make them smarter.
🚀 New collab: Bella × @PinGoAI
PinGo is pioneering AI + DePIN on TON, and we’re excited to leverage their immense computing power to level up Bella’s AI models
We're pushing faster iteration, stronger performance, and more efficient intelligence across our products🤝✨ pic.twitter.com/BjY0jfwXAg
— Bella Protocol (@BellaProtocol) January 29, 2026 The partnership is a larger trend throughout Web3, with AI and decentralized infrastructure coming together to provide scalable, performance oriented applications. In the case of Bella, integration will facilitate quicker iteration times and improved modelling across its product range.
Leveraging DePIN Computing on TON PinGo is known to be the first AI-based application to combine AI and DePIN on TON, which provides access to a large-scale, decentralized computing power. Under this collaboration, Bella Protocol will use the infrastructure offered by PinGoAI to serve compute-intensive AI workloads without having to rely on centralized providers.
Decentralized computing provides AI models in a dynamic manner, which is censorship resistant and cost-effective. PinGoAI can also enjoy the advantages of high throughput and low latency coming on the back of TON, which is essential to real-time AI applications. This infrastructure is likely to make Bella have a more scalable and resilient backend to its AI-powered services.
Enhancing Bella’s AI Product Suite Bella Protocol will incorporate the computing power of PinGoAI into several products based on AI. These improvements will lead to increased model training, inference speeds, and output accuracy. Bella reports that the partnership will empower the enhanced operation across trading and yield optimization instruments that are based on AI-driven insights.
AI-powered trading and signal tools are one of the flagship products of Bella Protocol, which are aimed at assisting the users in maximizing returns in decentralized markets. These tools will be able to handle bigger datasets and react better to the market with improved computing resources and may enhance the choice made by the users.
Driving Faster Iteration and Smarter Intelligence In addition to the potential benefits of raw performance, the partnership will be placed in the position to shorten development cycles in the AI roadmap of Bella. The increased pace of access to computing power enables teams to experiment and deploy updates as well as refine models more effectively.
The partnership also shows the increasing significance of decentralized intelligence in Web3. Through the integration of AI with DePIN infrastructure, Bella Protocol and PinGoAI will be able to achieve less centralization of systems while maintaining an enterprise-level performance standard.
Strengthening the AI and DeFi Convergence With protocols becoming more and more automated, data analyzed, and with prediction models, access to scalable and decentralized compute infrastructure is a competitive advantage.
In the case of PinGoAI, the collaboration represents a practical application of its decentralized computing network in the applications of DeFi. As for Bella Protocol, it will strengthen the commitment to innovation based on AI, thereby placing the platform in a position to provide more advanced tools as the market changes.
With the rate of AI adoption only increasing in Web3, such collaborations are an indication of the transition to more decentralized and integrated technology stacks. The Bella and PinGoAI collaboration is another move towards matching AI execution with decentralized infrastructure that preconditions the introduction of more intelligent and efficient DeFi experiences constructed on TON.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Bella Protocol has announced a new partnership with HyperGPT, which is the introduction of the Bella Research Bot to the HyperGPT platform. The integration links on-demand LLM-powered research agent of Bella with next-generation AI and Web3 ecosystem of HyperGPT in a bid to make the development and adoption of decentralized intelligence tools faster.
🚀 Hot new collab: Bella × @hypergpt
We’ve launched Bella Research Bot on the HyperGPT platform to connect Bella’s on-demand research agent with a next-gen AI + Web3 ecosystem built to accelerate decentralized intelligence.
Try Bella Research Bot on HyperGPT 👇… pic.twitter.com/umZZHcNMHG
— Bella Protocol (@BellaProtocol) February 6, 2026 The news was distributed through the official channels of Bella Protocol, where the partnership was described as one of the steps towards making AI research more accessible on decentralized platforms. As a result of this launch, users can now use the research capabilities of Bella by accessing HyperGPT growing network of AI agents and tools.
Bringing AI Research Automation On-Chain With Bella Protocol Bella Research Bot is an on-demand research robot that is trained to offer a streamlined research support with large language models. With the launch of the bot on HyperGPT, Bella Protocol is taking their research infrastructure into an AI native Web3 world with a focus on decentralization, interoperability, and open access.
As pointed out in the announcement, the integration enables developers, traders, and builders to do research in various fields using the HyperGPT AI based architecture. The relocation is indicative of a wider shift in Web3 where more sophisticated AI instrumentation is to be directly integrated into the decentralized systems instead of operating on centralized platforms.
HyperGPT’s Expanding AI and Web3 Ecosystem HyperGPT is poised as a new generation AI and Web3 ecosystem created to hasten the use of intelligent and decentralized technologies across the globe. The platform is driven by its indigenous token, $HGPT, and combines AI agents, developers, and users via modular and composable infrastructure.
Through the addition of the Bella Research Bot to its catalog, HyperGPT keeps on adding AI agents to its platform. The partnership is in line with the overall objective of the HyperGPT of helping in real world applications of AI, especially the ones that are likely to benefit through decentralization and on-chain integration.
Expanding Research Access for Builders and Traders Bella Protocol has highlighted that the launch makes it possible to research more places and construct more ways. HyperGPT provides the Bella Research Bot to users as a part of an expanded AI application that is expected to aid in trading strategies, yield optimization and data driven decision making.
Bella Protocol already provides an array of AI-driven trader and yield farming applications such as its Bella Signal Bot. The Research Bot release extends and adds more analytical and research-oriented capabilities to this ecosystem, and is now available in HyperGPT as an AI agent in their marketplace.
A Step Toward Decentralized Intelligence The combination testifies to the increasing convergence between AI and Web3, in which intelligent agents work in the framework of decentralization. Bringing Bella and HyperGPT together through the integration of their research technology based on the LLM and the infrastructure allows both projects to take a step towards making decentralized intelligence a mainstream concept.
With the increasing integration of AI agents into blockchain based ecosystems, alliances such as Bella and HyperGPT are pointing to a move toward modular and interoperable AI services capable of scaling across platforms. The release of the Bella Research Bot on HyperGPT is another step in the direction of the continuing attempt to implement advanced AI use in decentralized conditions.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Chainge Finance suffered an unexpected fund transfer of $400,000 instigated by a security lapse Hence, the system upgraded to a new smart contracts system for greater security, but with a temporary service hitch. Chainge Finance, a financial technology player of note, was the precursor of the recent $400,000 unauthorized fund transfer crisis that rocked the world of cryptocurrencies. ‘a lack of input validation in Gz expertise’, was held responsible for the breach. This observation gave the chance for third parties to carry out the transactions for which approvals had not been provided by the owners of the assets.
🚀 To boost transactional speed and efficiency, Chainge is upgrading to a smart contract-based cross-chain system
🛑 Note: web & mobile app services will be paused for 24-36 hours while the migration completes
🙏 Thank you for your patience as we enhance your experience! pic.twitter.com/Pix10ocAEg
— Chainge 🪢 (@FinanceChainge) April 15, 2024 System upgrades and service interruptions Around three-quarters of 3025 passengers, who were experiencing the travel for the first time, were required to defer their travel because of the ongoing crises.
To face the issue, Chainge Finance is switching to a new system working with smart contracts to elevate transaction speed and efficiency on the cross-chain of tokens. Although it means a temporary drop or an outage of services, this synchronization is very essential to the system. After the completion of the system migration, a scheduled time-out of both the network and mobile application services ranging from 24 to 36 hours is set to be implemented. On the other hand, this contributed to testing the ability of newly put security measures and completed ones to work efficiently.
Aspects and precautions to be taken or installed The case of Chainge Finance depicts how extreme vulnerabilities could be originated by input validation and illustrates the necessity of a strong defense mechanism. The most popular of input validation omission that the attackers are likely to exploit to make unauthorized actions like fund transfers is insufficient input validation. In this regard, the significance of the event is manifested in the need for adopting the strict regulations of financial competence in the sphere of technology, concerning cryptocurrencies and blockchain technologies.
Gradual changing over to the ground solution tells a lot about the insistence of Chainge Finance to render the assets of their clients secure post-incident and to restore the trust to normal. It is, thus, a wake-up call reminding the fintech community to employ best practices and standards to avoid future reenactment of similar security breaches.
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Haseeb Shaheen
As a Web Researcher and Internet Marketer, Haseeb Shaheen delivers relevant valuable content for audiences. He focuses on financial and crypto market analysis, as well as technology-related areas that help people change their lives.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Chainge secures a $13 million investment from GEM Digital and Alpha Token Capital to enhance cross-chain trading efficiency and accessibility.
Chainge, a trailblazer in the cross-chain trading space, has announced a significant milestone with a $13 million investment commitment from two prominent digital asset investment firms. GEM Digital Limited, based in The Bahamas, has pledged $10 million, while Alpha Token Capital (ATC) has invested $3 million in Chainge’s mission to change the long tail exchange market.
The substantial investment serves as a resounding endorsement of Chainge’s vision to empower users with seamless access to digital assets across multiple chains. With a dedicated focus on breaking down barriers in the digital asset space, Chainge aims to provide users with the tools necessary to navigate the complexities of blockchain technology effortlessly.
Chainge’s leadership and vision Under the guidance of esteemed board members Najam Kidwai, Mike Lempress, and Dejun Qian, Chainge is set to disrupt the long tail exchange market. The platform’s mission is to redefine standards in cross-chain trading, capturing emerging opportunities in the rapidly evolving digital asset landscape. Chainge’s leadership team brings a wealth of expertise to guide the platform’s disruptive journey.
Achievements and infrastructure Chainge boasts an impressive track record and robust infrastructure:
Full-fledged 2-product suite, both mobile and web-based Robust DCRM bridge infrastructure Secure cross-chain transactions across 55 blockchains Surpassed $1 billion in cumulative trading volume These achievements demonstrate Chainge’s commitment to crafting a future where AI-powered cross-chain trading is efficient, secure, and accessible to all.
About the investors GEM Digital Limited, part of The Global Emerging Markets Group (GEM), a $3.4 billion alternative investment group, actively sources, structures, and invests in utility tokens listed on over 30 centralized and decentralized exchanges globally. Their investment in Chainge highlights their confidence in the platform’s potential to shape the future of cross-chain trading.
Alpha Token Capital (ATC), a specialized token fund, is dedicated to elevating the intrinsic value of promising token projects across various markets. With notable investments in tokens such as OPUL, Map Protocol, VELA exchange, FRONT Frontier, and Vulcan Forged, ATC’s support for Chainge further solidifies the platform’s position in the cryptocurrency ecosystem.
Future outlook As Chainge moves forward with this significant investment, the platform is poised to accelerate its growth and expand its reach in the cross-chain trading market. With a vision to make AI-powered cross-chain trading efficient, secure, and accessible to all, Chainge is set to play a pivotal role in shaping the future of the digital asset landscape.
The $13 million investment from GEM Digital and Alpha Token Capital marks a crucial milestone in Chainge’s journey, enabling the platform to further develop its infrastructure, expand its offerings, and solidify its position as a leader in the cross-chain trading space.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Chainge, a cross-chain liquidity protocol, has received $13 million in funding from two crypto-focused investment companies to expand its business offerings and make cross-border trading more accessible to users across the world through artificial intelligence (AI) solutions.
In an announcement on Monday, the decentralized finance (DeFi) protocol said it received a $10 million investment from GEM Digital and $3 million from Alpha Token Capital (ATC) bringing the total funding to $13 million.
💥 Chainge has secured $13Million in investment from GEM Digital & Alpha Token Capital to supercharge our AI-Trading Protocol's Expansion!
This leap is poised to drive sustained growth, bringing cutting-edge AI-driven solutions to a global audience
Chainge initially floated the idea of raising the funds from unnamed investment companies to its community members on April 1, 2024. The platform which had about $100 million in total value locked (TVL) at the time sought the approval of its token holders on its decentralized autonomous organization (DAO) to raise the funds.
Chainge’s Expansion Plans Part of the proposal included the unlocking of 50 million of its native token called XCHNG into the market. Once released, the figure represents about 10% of the token’s current circulating supply.
While the network did not announce the outcome of the proposal, the community appears to have accepted the deal. Hence, the announcement that it has secured funding from two investment companies.
The new capital will be used to support the network’s development and growth. The platform plans to use the funds to make Chainge more visible to global audiences by investing in advertising to attract more users.
Additionally, part of the funding will go into recruiting top talents to enable the fusion of artificial intelligence with cutting-edge technologies.
The cross-chain protocol plans to stick with its proposed plan of making the platform one of the leading liquidity providers in the industry. The funds will also go into providing support for other partnerships and rewards for token holders.
Chainge Adds Support for Kaspa Chainge, launched in 2021, aims to redefine standards in cross-chain trading, seizing emerging opportunities in the burgeoning crypto economy.
With Najam Kidwai, Mike Lempress, and Dejun Qian on its board, the platform equips users with the tools needed to access various cryptocurrencies across any blockchain.
Chainge has been making significant strides in the industry, becoming the most liquid cross-chain crypto trading platform. The platform touts itself as the most “advanced DEX aggregator ever developed.”
Last year, the platform integrated with Kaspa, the world’s first blockDAG focused on building an open and scalable payment network.
Chainge CEO Dejun Qian stated that both platforms share a vision for a more open and decentralized financial system.
He further noted that this shared vision attracted Kaspa to collaborate with them, emphasizing that integrating Kaspa’s network into Chainge will offer users a more “seamless and secure experience
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
Chainge Finance has received a $13 million investment capital from two digital asset investment firms Gem Digital and Alpha Token Capital to augment cross-chain trading. The firm first announced plans to raise the fund in April.
Also read: DeFi Blue Chips: Which Tokens Doubled Their Volumes After Ethereum ETF Approval?
Of the two investors, Gem Digital Limited based in the Bahamas committed $10 million, while Alpha Token Capital (ATC) has vowed to pour in $3 million towards Chainge’s “mission to change the long tail exchange market.”
Chainge Finance Wants To Disrupt the Market Under the leadership of Najam Kidwai, Mike Lempress, and Dejun Qian, Chainge is looking at leveraging the investment to disrupt the long-tail market.
In an announcement on Monday, the cross-chain liquidity protocol revealed it received the funding to expand its services and make trading more accessible to users globally by leveraging AI.
“Our goal is to create a seamless trading experience across multiple blockchain platforms.”
Chainge CEO Dejun Qian
According to Chainge, the investment is also a thumbs-up of its vision of affording users seamless access to digital assets across numerous chains. This comes as interoperability has been cited as a key enabler in decentralized finance.
💥 Chainge has secured $13Million in investment from GEM Digital & Alpha Token Capital to supercharge our AI-Trading Protocol’s Expansion!
This leap is poised to drive sustained growth, bringing cutting-edge AI-driven solutions to a global audience
Plans To Break Blockchain Technologies Complexities Chainge has also indicated the $13 million investment will help it focus on breaking barriers in the digital assets space.
Also read: Chainage Set To Raise $13 Million Amid Expansion Plans
One of the major concerns in the industry is lack of interoperability, and this investment seeks to address that challenge.
Chainge says the new investment should enhance its ability to provide the necessary tools to navigate the complexities of blockchain technology “effortlessly.”
With the investment, the platform also seeks to capture the emerging opportunities in the digital asset industry and redefine cross-chain trading standards.
The Initial Expansion Initiative Initially, Chainge reportedly floated the idea to its community members to fund-raise from investment companies beginning of April.
The platform, which had about $100 million in total locked value, approached its token holders for approval to raise the funds.
A part of Chainge’s proposal entailed unlocking 50 million of its tokens called XCHNG into the market, which would represent an estimated 10% of its circulating supply.
Chainge did not declare the outcomes of the proposal although its community seems to have accepted the proposal hence the $13m investment.
Also read: PEPE’s Price Action: Are We Headed for a Hard Consolidation?
Apart from supporting Chainge’s growth and network expansion, the latest funding will increase the company’s visibility to global audiences.
Chainge also plans to channel part of the funding towards recruiting experts to guide the fusion between AI and emerging technologies.
Since 2021, the firm has made strides in the industry, growing into the most liquid cross-chain crypto trading platform, calling themselves the most “advanced DEX aggregator ever developed.”
In 2023, the platform integrated with Kapsa, a blockDAG focused on developing an open and scalable payment network.
Today the crypto market sees various digital assets experience significant price advancements, with Self Chain ($SLF) topping the list with a rise of 40.1 percent to close at $0.09. $IDEX trailed slightly behind with a 38.5% increase that brought its share to $0.02. $REX, funded on KuCoin, increased in value by 36.5%, reaching the mark of 0.02. These growths were also matched by fairly small market capitalizations, with $SLF representing $15.3 million, $IDEX registering $24.7 million, and $REX with its 43.4 million.
Hyperlane ($HYPER) also saw bullish signs, rising from 27.0% to $0.56. It has a current market capitalization of $98.3 million. $SYRUP rose to $0.59 and registered a higher price increase of 24.7% and a much bigger market cap of 715.2 million, which shows great liquidity and investor interest in the crypto market to yield the maximum profits.
Mid and Established-Cap Tokens Show Profits Other assets recorded a moderate increase in the same direction. Centrifuge ($CFG), which trades on MEXC, added 23.0% to $0.27, with a market cap of 151.5 million. StaFi ($FIS) gained 18.5% on Binance, raising its price per share to $0.12 and market cap to 19.1 million.
Axelar ($AXL) increased by 16.0% to $0.40 and boasted a much higher market capitalization of $418.5. Another token supported by Binance that gained 13.8% was DIA ($DIA), which experienced a price of $0.94 and a market cap of 114.0 million.
$ILV Emerges Among Larger-Cap Gainers The popular asset in the gaming and metaverse segment, Illuvium ($ILV), increased in price by 12.6% and crossed the line to $14.42. It has a huge market worth of $136.7 million. Even though ILV is listed as the minimum top gainer in percentage change, its total valuation makes it one of the most capitalized tokens in the day ranking.
Each of the tokens is open to trade on well-known exchanges such as Binance, KuCoin, and MEXC, which affects the visibility and accessibility of the tokens.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
IDEX price rose sharply as whales showed renewed interest in the token. Will it face a pullback or see more gains ahead?
Summary
IDEX price has hit a five-week high of $0.039 today. With no immediate catalysts at play, the rally was fueled mainly by whale buying. Technical indicators are in support of more gains in the short-term. According to data from crypto.news, IDEX (IDEX) rallied as high as 50% to a five-week high of $0.039 on Sep. 1 morning Asian time, before settling at $0.036 at press time.
The surge came in a high-volume trading environment. Its trading volume was up nearly 550% over the last 4 hours at nearly $66 million, while its market cap stood at $36 million.
While there were no major catalysts such as significant developments or new partnerships driving the gains, the surge appears to have been fueled by renewed interest from whale investors.
According to data from Santiment, the number of whale wallets holding 10,000 to 100 million IDEX tokens has increased over the last two days. Such whale accumulation often increases token visibility and signals confidence from large investors, factors that also tend to attract retail traders, who often follow due to FOMO and momentum-driven sentiment.
A jump in the number of whale addresses has been recorded over the last 2 days | Source: Nansen Demand from derivatives traders also appears to have played a significant role in IDEX’s gains today. According to data from CoinGlass, open interest in IDEX futures surged by 185% to $5 million as of press time. Meanwhile, the token’s weighted funding rate has turned negative. This indicates that short sellers are paying long positions to keep their trades open—signaling that many traders are anticipating a short-term pullback in IDEX’s price.
However, if the IDEX price continues to rise, this imbalance could trigger a short squeeze, potentially fueling further price appreciation for the token.
Despite this, the token’s rally remains at risk owing to the absence of any strong potential drivers, such as any major developments or partnerships in the short term.
IDEX price analysis On the daily chart, IDEX has formed a descending triangle pattern over the last 5 weeks. Such a bearish structure is typically defined by a flat support base and a series of lower highs, which reflect sustained selling pressure and signals more decline ahead.
IDEX price has formed a golden cross on the daily chart — Sep. 1 | Source: crypto.news However, IDEX invalidated the bearish setup as it broke above the upper trendline of the triangle yesterday, marking the beginning of a potential trend reversal.
Momentum indicators support this bullish breakout. Both the MACD lines and the Relative Strength Index are trending upward, indicating growing positive momentum.
IDEX MACD and RSI chart — Sep. 1 | Source: crypto.news More importantly, IDEX has also confirmed a golden cross, as the 50-day simple moving average crossed above the 200-day one. The classic bullish signal typically marks the beginning of a longer-term uptrend.
Based on the height of the triangle and the strength of the breakout, the next likely target for IDEX stands at $0.048, which would represent the projected move based on the breakout from the triangle pattern and implies a 33% jump from current levels. A decisive move above that level could pave the way for a rally toward the $0.050 psychological resistance.
On the contrary, if the hype around whale accumulation fails, IDEX could likely drop to $0.023, which has stood as a strong support level for the last couple of weeks.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Key Takeaways IDEX rallied over 30% in the past seven days, with the potential to extend the rally to 70% under positive conditions. The DEX’s perpetual trading volume expanded 3x in 2025 to $1.5B.
Decentralized exchanges (DEXes) are making a killing as crypto trading volumes recover.
In particular, hybrid ones that mix user friendliness seen in centralized exchanges (CEXes) and security of DEXes like Hyperliquid [HYPE], IDEX (now known as Kuma), amongst others.
In fact, the IDEX token has pumped 34% in the past seven days, reinforcing the market interest in hybrid DEXes. This raises the question: Is there more upside for IDEX after last week’s gains?
Can bulls hunt for an extra 40%? Source: IDEX/USDT, TradingView On the daily price charts, the upper wick after the recent rally suggested a brief cool-off.
However, the OBV (On Balance Volume) has been in an ascending channel while price action was above the Q3 trendline support (yellow).
In other words, bulls have a market edge unless the price slips below the trendline support. The immediate overhead hurdle was $0.045.
That would be a potential 42% gain if hit, especially if trading volumes increase ahead of September rate cut expectations.
If so, the $0.031 and $0.024 could be buying opportunities for the above target. However, a price drop below the trendline support (yellow) would invalidate the bullish thesis.
IDEX triples perps volume According to DeFiLlama data, collectively, IDEX and Kuma versions have done $1.5B in cumulative perpetual volume as of September. That’s a 3x growth from the $500M seen in early 2025.
Source: DeFiLlama The traction could further boost the demand for IDEX, further reinforcing the bullish thesis if broader crypto trading rebounds.
Even so, the speculative appetite for IDEX dropped by nearly 50%.
According to CoinGlass, the Open Interest (OI) rate slumped from over $4 million to $2.4 million, underscoring a decline in demand in the derivative market.
Source: CoinGlass Overall, the price chart suggested that IDEX’s uptrend could stretch to $0.045 under positive market conditions.
However, the speculative interest seen over the weekend had faded, and the next move could depend on Bitcoin’s [BTC] next direction.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
This is a general Binance Exchange Notice. Products and services referred to here may not be available in your region. Fellow Binancians, At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics. When we conduct these reviews, we consider a variety of factors. Below are the updated metrics we look at that influence whether we decide to delist a digital asset: Commitment of team to projectLevel and quality of development activityTrading volume and liquidityStability and safety of network from attacksLevel of public communication, community engagement, and transparencyResponsiveness to our periodic due diligence requestsEvidence of unethical/fraudulent conduct or negligenceNew regulatory requirementsMaterial/unjustified increase in token supply or changes to tokenomicsImpact from changes to the project’s ownership structure or to the core team membersCommunity sentiments Based on our most recent reviews, we have decided to delist and cease trading on all spot trading pairs for the following token(s) at 2026-04-01 03:00 (UTC): Arena-Z (A2Z)Ampleforth Governance Token (FORTH)Hooked Protocol (HOOK)IDEX (IDEX)Loopring (LRC)Neutron (NTRN)Radiant Capital (RDNT)Solar (SXP) Please note: The delisting schedule may or may not apply to the products listed below, depending on their association with the token(s) being delisted.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Spot The spot trading pair(s) of the aforementioned token(s) will be removed.All trade orders will be automatically removed after trading ceases in each respective trading pair. Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2026-04-01 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses. Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 2026-03-25 03:00 (UTC) - After this time, any outstanding assets will be force-sold at market price or moved to the Spot Account if the amount is unsellable. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to Binance Spot Copy Trading delisting time to avoid potential losses. Accounts The token's valuation will no longer be displayed in users’ accounts after delisting. To view their assets after trading ceases, users should ensure they have not selected “Hide Small Balances” in all of their accounts.Deposits of these token(s) will not be credited to users’ accounts after 2026-04-02 03:00 (UTC). Withdrawals of these token(s) from Binance will not be supported after 2026-06-01 03:00 (UTC). Delisted tokens may be converted into stablecoins on behalf of users after 2026-06-02 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins is not guaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion. In situations where token conversion is not feasible, Binance will keep withdrawals open, subject to network availability. Futures Binance Futures will close all positions and conduct an automatic settlement on the contracts of the aforementioned token(s) at 2026-03-24 09:00 (UTC). The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the contracts of the aforementioned token(s) starting from 2026-03-24 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the contracts of the aforementioned token(s) without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. Funding Rate Arbitrage Bot At 2026-03-24 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the symbols of the aforementioned token(s). The pairs will no longer be available for opening new arbitrage strategies upon delisting. Simple Earn Binance Simple Earn will delist the token(s) mentioned above after 2026-03-25 07:00 (UTC). Users may choose to redeem their Flexible and Locked Products positions beforehand. Otherwise, these Flexible and Locked Products positions will be automatically redeemed at the above-mentioned time, and subsequently transferred to users’ Spot Accounts, together with any accrued rewards. Dual Investment Binance Dual Investment will cease support for the aforementioned token(s), and users will not be able to subscribe to these products starting from the subsequent Friday at 08:00 (UTC). Unsettled subscriptions will be refunded on the subsequent Friday at 08:00 (UTC). The asset, including rewards, will be distributed to users’ Spot Accounts within 4 hours. The rewards will be calculated based on the actual subscription period. Mining Pool Binance Pool will cease support for mining the token(s) mentioned above at 2026-03-24 3:00 (UTC). Your final payment will be settled on the following day. We strongly advise all users to stop mining the token(s) before Binance Pool ceases mining support for the token(s) to avoid any potential losses. Loan At 2026-03-24 07:00 (UTC) VIP Loan and Flexible Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s). Users are strongly advised to repay their outstanding loans before the automatic closure to avoid any potential losses, where applicable. Margin Cross Margin & Isolated Margin Binance Margin will delist the aforementioned token(s) from Cross and Isolated Margin at 2026-03-24 10:00 (UTC) (the “Margin Scheduled Delisting Time”). The cross and isolated margin pair(s) of the aforementioned token(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said tokens, these users may only manually transfer up to the amount of liabilities of that token into their Margin Accounts, less any collateral already available.At 2026-03-19 06:00 (UTC), Binance Margin will suspend borrowings on the aforementioned cross margin token(s) and isolated margin pair(s). At the Margin Scheduled Delisting Time, Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned isolated margin pair(s), which will then be removed from isolated margin.At the Margin Scheduled Delisting Time, if users hold both collateral and liabilities of the aforementioned token(s) on cross margin, the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining token(s) in their Cross Margin accounts that are to be delisted will then be fully sold. If the CML is below 2, the remaining token(s) in users’ Cross Margin Accounts that are to be delisted will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin Accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the delisting token(s)’ liabilities.Please note that users will not be able to update their positions during the delisting process, which may take approximately 3 hours. Users are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading. Binance will not be responsible for any potential losses. Portfolio Margin If the aforementioned token(s) remain in the Portfolio Margin Account after the Margin Scheduled Delisting Time, they will be automatically liquidated. The delisted margin assets will be sold for USDT, and the proceeds will be added to the user's Portfolio Margin balance. Binance is not liable for any losses incurred.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balance before the Margin Scheduled Delisting Time where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. Please Note: For futures perpetual contracts, please refer to the relevant Futures announcements. Refer to this FAQ for more information on how any remaining balances of the aforementioned token(s) in Portfolio Margin users’ Margin Accounts will be treated. Convert Binance Convert will subsequently delist the aforementioned token(s) and all associated pair(s) at 2026-04-01 02:00 (UTC)Convert Low-Value Assets will delist the token(s) mentioned above at 2026-03-31 02:00 (UTC). Users may choose to convert the low-value assets beforehand. Buy & Sell Binance Buy & Sell Crypto will delist the aforementioned token(s) and all associated pair(s) at 2026-03-19 03:00 (UTC). Gift Card Binance Gift Card will delist the token(s) mentioned above at 2026-04-01 03:00 (UTC). Users are encouraged to manage Gift Cards containing these token(s) in advance to avoid any inconveniences. Pay Binance Pay will delist the aforementioned token(s) at 2026-03-24 03:00 (UTC). We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth. Thank you for your support! Binance Team 2026-03-18
