Track market-moving stories before they get noisy

ILV: Illuvium: Arena Update 1.17.8

The Graveyard turns every fallen Challenger into progress toward a shared collection system across FREE, STANDARD, and ADVANCED leagues. Once players complete the collection at least once, they become eligible for weekly rewards funded by Bones and Jackpot contributions. The more collections a player completes, the greater their weight and share of the weekly Graveyard pool.

Purpose

The Graveyard is a collection feature where players collect dead Challengers.Progress is tracked in all leagues:FREESTANDARDADVANCEDKilling challengers in any of these leagues contributes towards a joint Graveyard collection state, eligibility, weighting, and reward pool.Rewards accumulate from Monday–Sunday and are distributed every Monday at 00:00.

League

Graveyard Contribution

FREE

2 Bones per game

STANDARD

1% of each game's Jackpot

ADVANCED

1% of each game's Jackpot

*Jackpot clarification: Instead of 7% going entirely to the Jackpot:

6% goes to the Jackpot1% goes to the Graveyard poolPlayers qualify for rewards if they have completed the Graveyard collection at least once.

A player's share of rewards depends on their weighting, which increases with collection completions.

Collection Type

Weight

Color Collection

1×

Holo Collection

50×

Dark Holo Collection

2000×

Each completed collection adds its corresponding weight.

Calculate the total reward pool for the week.Sum all eligible players' weights.Divide the pool by total weight to get reward per weight unit.Each player receives:Reward = Player Weight × Weekly Reward per Weight Unit

10,000 FREE games, 500 STANDARD games and 100 ADVANCED games.Prize Pool Breakdown:
- FREE league contribution = 10,000 games x 2 Bones / Game = 20,000 Bones.
- STANDARD league contribution = 500 games x 1% Prize Pool x 600 Skulls average Prize Pool = 3,000 Skulls.
- ADVANCED league contribution = 100 games x 1% Prize Pool x 7000 Skulls average Prize Pool = 7,000 Skulls.5 eligible players:Player 1: completed Color collection once → 1×Player 2: completed Color collection three times → 3×Player 3: completed Color collection 41 times → 41×Player 4: completed Color collection 5 times and Holo 1 Time → 55xPlayer 5: completed Holo collection two times → 100xTotal weight = 200×

Rewards per weight:

Bones Rewards per weight = 20,000 / 200 = 100 BonesSkulls Rewards per weight = 10,000 Skulls / 200 = 50 SkullsDistribution:

Player 1 receives 100 Bones and 50 SkullsPlayer 2 receives 300 Bones and 150 SkullsPlayer 3 receives 4,100 Bones and 2,050 SkullsPlayer 4 receives 5,500 Bones and 2,250 SkullsPlayer 5 receives 10,000 Bones and 5,000 Skulls

Markets are weak, but ALGO, FXS and HNT book a 20%+ rally — Here’s why

Updated Jan 18, 2023, 3:26 p.m. Published Jan 18, 2023, 11:56 a.m.

3 min read

(Pixabay)Decentralized-finance (DeFi) application Frax Finance is briskly gaining favor among investors because of its strong product lineup as liquid staking derivatives (LSD) heat up ahead of the Ethereum blockchain's Shanghai upgrade.

The Frax protocol is a two-token system comprising the FRAX stablecoin and a governance token called frax shares (FXS). FRAX maintains a peg to the U.S. dollar by being partly collateralized by USD coin (USDC) alongside periodic buying and selling of FXS to maintain its market capitalization.

Frax's staked ether product, which was launched in October, is attracting capital. Users deposit ether (ETH) and receive the Frax ether token (frxETH), which is backed 1:1 with ether. The frxETH token can be freely traded or staked on other DeFi applications or on Curve’s liquidity pools – where stakers are earning up to 10% annualized.

At writing time Tuesday, FrxETH holds just above $100 million, data from DefiLlama shows. That is a nearly $50 million increase since the start of January and four times the amount since November.

Frax's frxETH product has grown fourfold in the past few months. (DefiLlama)Frax is offering annualized returns of over 6% to 10% to users who stake ether on the platform. Those rewards are paid out in CRV, FRAX and FXS, depending on which liquidity pool a user stakes his tokens.

In contrast, Lido, the biggest DeFi application by total value locked, offers 5.2% yields to users.

The draw of capital into Frax’s ether pools has resulted in greater demand for FRAX and FXS tokens, with the price of FXS rising over 62% in the past week according to CoinGecko. And because some liquidity pools pay out in FXS, the price increase theoretically means higher rewards for stakers – which, in turn, could drive more ether toward Frax and even more demand for Frax’s tokens.

According to some observers, Frax’s treasury holdings of curve and convex tokens are resulting in outsized returns for some stakers.

“FRAX has an advantage over other LSD platforms at the moment due to their outsized CRV/CVX treasury holdings,” Hal Press, a partner at crypto fund North Rock Digital, said in a tweet this week. “This allows them to stimulate higher ETH staking yield on their staked ETH derivative product than the rest of the market.

“Sentiment among traders increased amid increased utility for FXS tokens. These tokens accrue value from the newly minted FRAX stablecoins and fees from Frax Finance,” Press added.

The summary of the FXS thesis is as follows. FRAX has an advantage over other LSD platforms at the moment due to their outsized CRV/CVX treasury holdings. This allows them to stimulate higher ETH staking yield on their staked ETH derivative product than the rest of the market. https://t.co/ODdkHjxq1O

— Hal Press (@NorthRockLP) January 17, 2023 Understanding CurveIt’s helpful to know how Curve works to fully understand the reason behind the high yields on Frax.

Curve offers an efficient way to exchange stablecoins while maintaining low fees and low slippage, according to Curve Finance. Pools deployed on Curve are backed by centralized or decentralized stablecoins, wrapped tokens – such as wrapped bitcoin (WBTC) – or a basket of various assets.

Depositors on Curve earn annual yields of up to 4% from one of the many pools on the platform.

High trading volumes on liquidity pools on Curve that involve Frax contributes toward the FRAX token holding its intended dollar peg. Additionally, Curve allocates CRV tokens as rewards for liquidity providers to select pools, called gauge rewards, which results in more returns for liquidity providers.

“The long-term effect of the Curve AMO is that Frax could become a large governance participant in Curve itself,” Frax’s technical documents state. Curve held over $6 billion in tokens as of Tuesday and is among the few “blue-chip” DeFi protocols.

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Frax Finance's founder Sam Kazemian expressed support for a proposal from Ouroboros Capital that pushes for a more aggressive token buyback strategy.

Frax Share (FXS) is known for its current buyback strategy, where the project buys and burns the same amount of FXS over a predetermined timeframe, irrespective of any price fluctuations. The project has a $20 million fund for this purpose.

Ouroboros Capital, a cryptocurrency investment research firm, put forward a proposal on June 16 calling for a proactive optimization of the current token buyback strategy.

The proposal suggested a time-weighted average price (TWAP) buyback worth $1 million to be initiated when the FXS price dips below $5. If the price further slides to below $4, an additional $1 million buyback, set for a 1-month duration, is proposed to be activated. The key premise here is to purchase more FXS tokens for subsequent burning, as the price falls further.

This comes as the price of FXS — currently at $5.30 — falls toward $5, according to CoinGecko.

“I believe that the most judicious use of our revenue and capital is to buy and burn the FXS supply," Kazemian told The Block. "Especially given the low valuations in a mature ecosystem due to macro market conditions and the state of the global economy, I can’t envisage a more effective use of capital.”

Kazemian expressed agreement with the general idea of accelerating the TWAP mechanism as the price drops to $4, $3 and $2, echoing Ouroboros Capital’s suggestion. “If the price continues to fall, we should buy back more tokens more aggressively,” he added.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Sponsored Oct 13, 2023, 11:38 a.m.

2 min read

(Adam Nir/Unsplash, modified by CoinDesk)Frax's governance token FXS is in stasis as the decentralized finance protocol's nascent high-yielding staking product draws millions in investor money.

Early Thursday, Frax unveiled sFRAX, an ERC4626 staking vault allowing holders of the protocol's partially collateralized fractional-algorithmic stablecoin FRAX to earn yields matching the U.S. Federal Reserve's (Fed) interest rate on reserve balances (IORB), currently around 5.4%.

The product debuted with an APY of 10%, eventually converging with the Fed's 5.4% IORB rate. So far, more than 150 users have poured in more than $35 million in the vault, according to Dune Analytics.

FXS' price rose 7% to $5.66 on Thursday, but has since pulled back to $5.49 to indicate a 0.5% gain on a 24-hour basis, CoinDesk data show. The steady price action is consistent with the continued low-volume range play among market leaders bitcoin and ether.

More than 150 users have poured $35 million in the newly launched sFRAX vault. (Dune Analytics)The new offering comes as lending protocol MakerDAO enjoys a first-mover advantage in capitalizing on high interest in the U.S. According to Parsec Finance, MakerDAO has invested over $2 billion in short-term bonds via offchain structures since February 2022, offering a 5% savings rate on DAI and buy back its MKR token.

On a year-to-date basis, MKR has gained over 168%, outshining bitcoin's 62% rise by a big margin. FXS, meanwhile, has gained only 32% this year. Some in the crypto community expect FXS to catch up with MKR.

"Impressive growth from sFRAX with $24.6M allocated to Frax Finance's FinresPBC short-term U.S. Treasuries strategy currently yielding 10%. FXS set to make a MKR catch-up trade and reignite protocol revenue with the 5.25% risk-free rate," McKenna, pseudonymous founder of Founder of Arete Research, said on X.

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Despite the ongoing correction in the crypto market, opportunities abound for investors. In the spotlight this week is Bitcoin, but the world of altcoins is equally brimming with potential.

#1 Bitcoin (BTC) – The King Of Crypto Bitcoin remains the bellwether of the crypto market, and its price action is once again expected to set the tone for the week. Grayscale’s GBTC ETF, which currently holds 566,973 BTC ($23.21B), is a key focal point. The ETF has seen outflows of approximately 52,227 BTC ($2.14 billion) since it was passed, leading to speculation about when these outflows will end.

According to the #Grayscale website, #Grayscale currently holds 566,973 $BTC($23.21B), decreasing ~52,227 $BTC ($2.14B) since the ETF was passed.

And iShares(Blackrock) holds 33,431 $BTC($1.37B), Fidelity holds 24,857 $BTC($1.02B), Bitwise holds 10,152 $BTC($415.6M). pic.twitter.com/fx2Kj3WpSB

— Lookonchain (@lookonchain) January 22, 2024

Crypto analyst Ignas | DeFi Research pointed out the psychological impact of Grayscale’s continuous selling: “Grayscale’s continuous dumping every working day gave the market trauma. Now, everyone expects another BTC transfer from GBTC to Coinbase and BTC dumped in advance. A massive rebound awaits when that anticipated morning transfer never happens.”

Thus, the spot Bitcoin ETF flows in general (how can the “newborn nine” absorb the GBTC outflows) and the GBTC outflows particular will be key data points, which will determine the price trend this week. At press time, BTC was falling towards the 6-week low at $40,270.

BTC price drops below $41,000, 4-hour chart | Source: BTCUSD on TradingView.com #2 Dogecoin (DOGE) The creation of the X Payments account on the X platform (formerly Twitter) has ignited speculation about the inclusion of Dogecoin in the project. This speculation led to a 23% surge in DOGE’s price within just 5 hours on Saturday. Although the gains were partially reversed, this incident underscores the importance of following X Payments closely.

X Payments is part of X’s plan to launch its payment service, and the account already boasts over 100,000 followers, including prominent figures in the crypto community. DOGE is a strong contender for inclusion due to Elon Musk’s association with both X and his fondness for the meme coin. Investors are eagerly awaiting any substantial announcements from X Payments, as they could significantly impact DOGE’s price.

#3 Render (RNDR) The launch of Apple Vision Pro on February 2nd is poised to have a profound impact on the Render (RNDR) network. During the announcement of Apple Vision Pro last year, RNDR experienced a substantial price surge. The distributed computing sector, including RNDR, is expected to benefit significantly from Apple Vision’s launch.

Speculation surrounds a potential partnership between Apple and the crypto company behind RNDR, OTOY. OTOY is closely associated with both the RNDR token and Octane, a product linked to RNDR. The CEO of OTOY, Jules Urbach, has connections to both products, fueling rumors of collaboration.

Apple’s mention of RNDR during its WWDC 2023 event further supports the notion of a possible collaboration.

#4 Chiliz (CHZ) Chiliz (CHZ) has piqued the interest of investors with the promise of new tokenomics. CEO Alexandre Dreyfus has hinted at a revamped tokenomics model, including a burn system, subsidization of staking rewards, and external consultation. Dreyfus stated, “Farming and earning CHZ on the Chiliz network is coming soon to your screens (and wallets).”

Farming and earning $CHZ on the @chiliz network is coming soon to your screens (and wallets).#SportFi #Tokenomics https://t.co/JJXJz00xwP pic.twitter.com/KlsBvaQNkV

— Alexandre Dreyfus (@alex_dreyfus) January 20, 2024

Additionally, the PEPPER airdrop is generating excitement within the CHZ community. This airdrop involves growing CHZ on the Chiliz blockchain to receive daily PEPPER rewards from the greenhouse. Dreyfus has actively engaged with the community on social media, encouraging users to follow @PepperChain for early access to the PEPPER meme airdrop.

#5 Frax Share (FXS) Frax Share (FXS) is making headlines with the upcoming launch of SfrxETH on EigenLayer, scheduled for January 29th. SfrxETH is the native ETH LSD token of the Frax protocol and has experienced significant growth. Fraxtal, Frax’s Layer-2 blockchain, is also set to launch in the first week of February.

With a TVL of over $1 billion and a market capitalization of $685 million, FXS is set to attract the attention of the crypto community. CEO and founder Sam Kazemian, aims to roll out Fraxtal as a significant addition to its existing product suite. Several projects, including Curve, have proposed deploying their functionalities on Fraxtal, which utilizes rollups technology to execute transactions efficiently.

In a recent interview, he expressed high expectations for Fraxtal’s performance, predicting substantial TVL and market capitalization growth in the coming months. “The current timeline is the first week of February. Etherscan will support it on day 1 with Fraxscan, and a huge slew of projects will debut soon after launch. It will surely be one of the biggest rollup releases of the year,” Kazemian remarked.

He added, “We expect at least a 9-figure total value locked in the first month and $1 billion plus for Q1. That should put us in the top 5 chains soon thereafter if our innovations are well received.”

Featured image from iStock, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

The cryptocurrency market can be a rollercoaster. Some coins shoot for the stars, while others fizzle out. Investors constantly look for the next big thing, especially during presales, when they can get in on the ground floor. But beware: Coins like Dogecoin and Frax Share have faced significant challenges recently, with steep price drops and uncertain futures. Amidst all this, one project catching a lot of attention in the 2024 presale scene is MoonBag Coin: the best crypto coin presale. Unlike some cryptocurrencies that tax your earnings, MoonBag boasts tax-free profits, a major perk for anyone looking to keep more of their gains. MoonBag also has what they call innovative tokenomics, a fancy way of saying the structure of the coin is designed to benefit investors.

So, is MoonBag the perfect fit for you? Let’s figure it out!

Frax Share’s Struggles and What It Means for Investors Table of Contents

Frax Share’s Struggles and What It Means for InvestorsIs Dogecoin Losing Its Appeal?MoonBag’s Best Crypto Coin Presale: The 2024 Crypto Jackpot Everyone’s Talking AboutLooking to Buy $MBAG Coins?Conclusion- Make The Right Choice With MoonBagInvest in MoonBag Presale  Frax Share has faced significant struggles, particularly following the Terra crash in May. Despite its innovative approach as a fractional-algorithmic stablecoin, the governance token FXS experienced a severe price drop, plummeting from its all-time high of $42.67 in April to below $4 by mid-June.

Although it has shown some recovery since then, its volatility remains a major concern. In contrast, MoonBag offers a more promising option with its stable presale benefits and robust financial incentives, making it an appealing alternative for investors.

Is Dogecoin Losing Its Appeal? Recent updates on Dogecoin have been less than encouraging for investors. Although it remains popular, Dogecoin is facing challenges as its momentum wanes. Analysts point out that while other meme coins are seeing notable gains, Dogecoin’s performance has been lacklustre. The price of Dogecoin has fallen over 40% from its peak this year, and it has struggled to recover. Dogecoin might seem risky if you’re considering where to invest your money. For those looking for an alternative with substantial potential, keep reading to discover what’s next!

MoonBag’s Best Crypto Coin Presale: The 2024 Crypto Jackpot Everyone’s Talking About MoonBag (MBAG) is quickly becoming a favourite among crypto investors due to its structured presale and attractive financial incentives. Notably, the project offers an 88% annual percentage yield (APY) for staking MBAG coins, which can significantly boost returns. For instance, staking 10,000 MBAG coins could earn an additional 8,800 coins over six months. MoonBag’s referral program also benefits referrers and new investors, encouraging community growth with appealing bonuses.

Early investors are in line for impressive returns; a $5 investment in the presale could grow to $100,000 by stage 7. Even if you join at stage 7 with a price of $0.0005 per MBAG, you could see a 300% return, with projections suggesting that a $10,000 investment could rise to $40,000 by the end of the presale. With MBAG’s expected listing price of $0.003, stage 7 investors could achieve up to a 500% ROI, turning a $10,000 investment into $60,000. That’s some big numbers. Don’t miss out—join the MoonBag presale now!

Looking to Buy $MBAG Coins? Here’s how you can get started:

Set up a wallet like MetaMask or Trust Wallet. Fund it with your chosen cryptocurrency. Visit the MoonBag website. Select the number of MBAG coins you want to buy. Watch as the coins are delivered to your wallet. Conclusion- Make The Right Choice With MoonBag While Dogecoin and Frax Share have strengths and unique attributes, MoonBag crypto has exceptional presale benefits and attractive features. Its innovative approach has captured significant market interest, with analysts predicting substantial growth by the end of the presale. Don’t miss the opportunity—join the best crypto coin presale now and start seeing impressive returns.

Invest in MoonBag Presale  Website: https://moonbag.org/ Presale: https://moonbag.org/presale Telegram: https://t.me/moonbag_official Twitter: https://twitter.com/moonbag_org

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Frax Finance laid out its vision of becoming the decentralized central bank of crypto in its 2025 Vision Roadmap.  Frax announced its plans to develop a tech stack to deploy AI agents on blockchain.  While the broader crypto industry is awaiting a bull run at a larger scale in 2025, several crypto projects are focusing on their growth and development. Frax Finance has also laid out some of its initiatives for 2025 such as token upgrades, hard fork, growth in DeFi adoption, and AI agents deployment. 

Frax Finance is a decentralized stablecoin cryptocurrency protocol consisting of FRAX, FPI, and frxETH stablecoins. While FRAX is a stablecoin pegged to the US dollar, FPI is pegged to a consumer goods basket, and frxETH is a stablecoin pegged to ETH. Apart from stablecoins, the platform also offers several DeFi services like a lending market, an AMM, and a cross-chain transfer protocol. 

Initiatives of Frax Finance 2025 Vision Roadmap As part of its 2025 Vision Roadmap, Frax Finance aims to become a decentralized central bank of crypto. Some of its key initiatives include Frax token upgrades, Fraxtal North Star Hard Fork, Frax Universal Interface (FUI) Redesign, and AI Integration. 

The FRAX stablecoin is going to be rebranded to frxUSD and offers direct fiat redemption and integration with the US financial systems. On the other hand, FRAX is going to be a symbol for Frax Shares, which is currently FXS. Additionally, the governance token Frax Shares will also be used for gas and staking on its Fraxtal layer 2 blockchain. 

The Fraxtal North Star Hard Fork is also a significant part of the 2025 Vision. It will enable ultra-fact block processing time and supports applications on its layer 2 with high throughput. Apart from this, the interface is also going to be redesigned with intuitive tools and advanced onramping. 

Frax Finance Focuses on AI Agents Development Among its other key initiatives, Frax Finance is also developing the AIVM parallelized blockchain. Being powered by a new Proof-of-Inference consensus system, its tech stack enables AI agents development and deployment on blockchain. They aim to develop on-of-its-kind and world’s first autonomous and sovereign AI agent without being controlled by anyone. 

The focus on AI agent development and innovation has been increasing lately in the industry. A couple of days ago, DWF Labs announced a $20 million fund to support Web3 projects focusing on AI agent innovation and development. Thus, Frax Finance might be eligible for this fund with its new 2025 vision to deploy AI agents on blockchain. 

Highlighted Crypto News Today: 

Microsoft’s Bitcoin proposal was rejected with just 0.55% support

Manisha is a proficient content writer with a keen eye for blockchain, NFTs, and fintech trends. With a passion for breaking down complex topics, she delivers insightful and engaging content for the Web3 community. Her expertise spans emerging market trends, latest news, and industry developments.

Ethereum 2.0 Test Network Supporting Multiple Clients Launched

Ethereum 2.0 Testnet Underway With Genesis Block Mined and Over 18,000 Validators

ETH Exchange Balance Reaches 3-Year High as Craze for Ethereum Staking Builds

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Pixel Realm, a well-known gaming platform, has recently announced an exclusive initial non-fungible token offering. As per the company, it is commencing the sale of Daosis Sapphire Maestro NFTs, giving a chance to the participants to for minting the tokens on Pixel Realm. On its X account, the firm revealed the details of the respective endeavor.

https://twitter.com/PixelRealmlabs/status/1789626686377459873?t=OTT7uFlndZM0nB1yl-7yWg&s=19

Pixel Realm Commences the Sale of Its Daosis Sapphire Maestro NFTs In a blog post covering this development, Pixel Realm disclosed May 13th as the date for the NFT sale. It added that Oasis Sapphire EVM would power the initial launchpad “Daosis.” As per it, Oasis Sapphire EVM operates as a flourishing community ecosystem and welcomes participation. In addition to this, it strengthens its participants to build its future. Daosis comprises a couple of dynamic components that contribute to a remarkable experience.

According to the platform, it will sell twenty non-fungible tokens via the closed-bid auction. The respective NFTs play the role of the keys to reach Daosis Launchpad’s Tier Sapphire Mestro. The cost to access Tier Sapphire Maestro is up to $3,000 in terms of DSS coins. The non-fungible token has the exact intrinsic value. Nonetheless, the participants may buy it for less via an auction.

While discussing the chief features of the project, the company noted that it ensures access to a prominent launchpad tier. Additionally, it ensures greater allocation concerning IDOs on the launchpad. Moreover, the wallet containing the non-fungible token is qualified to have revenue shares.

Apart from that, such a wallet can also bear community rewards. That’s not all as it can also receive launchpad rewards. Furthermore, the consumers can also sell the NFT. Following the transfer, just the latest wallet comprising it will be able to reach Tier Sapphire Maestro.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Table of contents

Oasis, a privacy layer dealing with artificial intelligence and Web3, has announced a new project. As per the platform, it is unveiling a unique framework ‘ROFL’ to provide computing support concerning off-chain mechanisms to runtimes such as Oasis Sapphire. The company took to social media to offer details of this endeavor.

Oasis Unveils a Unique Framework called ‘ROFL’ for Improved Off-Chain Computing Support In its latest series of X posts, Oasis mentioned that the platform intends to start decentralized AI. For this purpose, it is reportedly creating ROFL. Blockchains are innovative in their capability to offer trustless computation. Nonetheless, the consumers can do limited things on-chain. Keeping that in view, a question arises about the expansion of the computation abilities concerning blockchain technology.

We’re on a mission to pioneer decentralized AI 🚀

This is why we’re developing ROFL, a framework that adds computing support for off-chain components to runtimes like Oasis Sapphire

This is a game-changer

Here’s why: 🧵👇 pic.twitter.com/jfZV1S6tTO

— Oasis (@OasisProtocol) July 17, 2024 Particularly, this takes into account the provision of physical infrastructure and the development of oracles for streaming data assets. In addition to this, it also includes the development of representations of physical real-world assets. Hence, the advent of ROFL provides a solution for these things. ROFL is the full form of runtime off-chain logic. It takes off-chain components to the on-chain environment.

In this respect, it carries out remote attestation as well as proofs to use the trust and security of Oasis. With this endeavor, the users can enjoy improved verifiability, trust, and privacy. The project has significant potential for development. It deals with chain abstraction, in-depth defense, and decentralized artificial intelligence training of oracles.

The Initiative Targets Eliminating the Limitations of On-Chain Computations Hence, the innovative approach focuses on addressing the limitations that the on-chain computations face. It opens a broad series of cutting-edge possibilities to revolutionize blockchain technology. The capabilities of the blockchains are often restrained by the limitations of on-chain processing. Therefore, to solve this issue, ROFL has profound implications.

It transforms the blockchain’s efficiency when it comes to building. It enables everything such as unconventional AI agents along with self-directing collections of non-fungible tokens. This improved flexibility and composability denotes a new epoch of complexity and innovation in dApps.

As included in the current development, the Eden 24.0 Upgrade is witnessing the integration of foundational support regarding ROFL. This will reportedly enable critical features that Oasis Core 24.0 possesses. The upgrade signifies a remarkable move in the mission of Oasis Protocol to widen the frontiers of decentralized AI and blockchain technology.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Crypto and money laundering: What you need to know

PANews reported on August 28th that the stablecoin Visa card platform Rain has completed a $58 million Series B funding round, led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed. This funding represents a nearly sixfold increase in Rain's valuation of $24.5 million. Sources familiar with the matter revealed that the annualized spending on Rain-supported bank cards has exceeded $1 billion.

Founded in 2021 by CEO Farooq Malik and CTO Charles Yoo-Naut, Rain launched a Visa-enabled bank card, enabling stablecoins to be spent anywhere Visa is accepted. Rain allows emerging banks and fintech companies to offer stablecoin payment services. Earlier in March , Rain secured $24.5 million in funding, led by Norwest Venture Partners.

Rain raises $58M to expand enterprise stablecoin platform

Stablecoin Card Firm Rain Raise $58M from Samsung and Sapphire

Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure

U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.

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Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

1 seconds ago

2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

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BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

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Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

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Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.

According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.

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