A prominent decentralized exchange (DEX) aggregator, ParaSwaap has officially rebranded to Velora. The transformation establishes a new intents-based trading model to enhance decentralized finance (DeFi) execution speed while improving flexibility and efficiency. The upgrade incorporates Delta v2.5 that improves Velora’s foundation through enabling many agents to vie for trading execution opportunities.
Introducing Velora, the new era of ParaSwap.
An intents-based crosschain protocol designed for fast and efficient DeFi.
Trade faster. Everywhere 🐆 pic.twitter.com/laCmewgjpN
— Velora (formerly ParaSwap) (@VeloraDEX) April 3, 2025 The transition at Velora solves existing problems with standard DEX aggregation systems using multiple block executions. The updated system provides traders with execution preference definitions that boost pricing effectiveness and bring new features including cross-chain swaps and conditional order capabilities. The framework deployment targets execution reliability by minimizing MEV risks and providing users with better control over system accessibility.
Velora Enhance Trade Execution and Cross-Chain Capabilities The Velora system uses a modular execution framework based on intent to conduct transactions between different blockchain networks. The system update enables users to perform swaps between different blockchain networks while removing risks associated with bridging operations. Through the Dynamic Agent Marketplace, both market makers and solvers participate in trade execution competitions to deliver reduced pricing and decreased MEV exploitation.
The rebranding initiative brings Super Hooks which serves as a mechanism to create automated trading strategies depending on user preferences. The system helps traders conduct extensive multi-step business transactions through one automatic process that manages liquidity and performs collateral swaps in lending protocols. The limit order feature in Velora streamlines operations because traders can set specific rules for execution which overcomes traditional ordering framework restrictions.
Industry Adoption and Future Outlook ParaSwap has processed trading operations of over $100 billion recording over four million user addresses. TokenTerminal statistics show that the platform’s smart contract operations reached 4.3 million transactions during the previous year and maintained an 18,000 monthly active user base.
Velora’s intent-based trading model has the potential to improve the DeFi sector through simplified trade execution that includes competitive pricing features. The rebrand signals an advancement in decentralization trading by delivering better execution speed, heightened cross-chain operation and MEV defense.
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Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
PANews reported on September 16th that, according to The Block , the cross-chain trading protocol Velora (formerly ParaSwap ) has officially launched its new token, VLR . Effective immediately, PSP will lose its governance, staking, and rewards functions. Starting September 16th , users can migrate PSP , sePSP1 , and sePSP2 to VLR at a 1:1 ratio, gas -free. The migration window will be open for at least one year, and those migrating before December 16th will receive additional VLR rewards. VLR utilizes a unified staking mechanism and a rewards mechanism tied to protocol revenue, marking a comprehensive upgrade of Velora's governance and brand. Velora's cumulative trading volume has exceeded $ 125 billion, with monthly trading volume reaching $ 7 billion in August .
AAVE fell 10% during the early hours of the Asian session on Monday, following a $50 million sell-off triggered by growing governance tensions.
The plunge comes amid allegations that Aave Labs, the company led by founder Stani Kulechov, redirected millions in swap fees from the DAO treasury without the approval of token holders, igniting debate over decentralized governance and founder control.
Amidst DAO governance drama and revenue controversy, the AAVE price has dropped by over 10% in the last 24 hours, trading at $159.86 as of this writing.
AAVE Price Performance. Source: BeInCryptoThe controversy centers on Aave’s integration of CowSwap into its frontend, replacing ParaSwap. Critics claim that this shift, completed after Aave Labs received a grant from CowSwap, diverted up to $10 million in potential annual revenue away from the DAO.
An open letter from an Orbit delegate stated that the ParaSwap integration generated approximately $200,000 per week for the DAO.
DeFi community members argue that redirecting these fees undermines the DAO’s decentralized governance model.
Stani Kulechov and Aave Labs maintain that revenue from frontend operations is separate from core protocol revenue and has always been voluntary.
Nonetheless, questions remain over the CEO’s dual role and control of protocol assets, raising concerns about potential conflicts of interest.
DAO Alignment Proposal Moves to SnapshotTo address the crisis, Kulechov moved a controversial DAO alignment proposal to Snapshot for a formal vote.
The recent DAO alignment proposal has been moved to Snapshot after extensive discussion. We realize the community is very interested in a path forward and is ready to make a decision.
Time for tokenholders to weigh in and vote.https://t.co/QwoPeglhmU
— Stani.eth (@StaniKulechov) December 22, 2025 The plan aims to transfer key brand assets, including domains and social media handles, from Aave Labs to the DAO.
“People are tired of this discussion, and getting into a vote is the best way to resolve. This is governance, end of the day,” Kulechov said, urging token holders to weigh in.
However, market confidence appears low. Polymarket odds indicate only a 25% chance of the proposal passing, a 26-point drop from earlier in the week.
Odds of Aave token alignment proposal passing. Source: PolymarketCommunity members, such as Tulip King, have suggested that failing to pass the vote could push AAVE prices further down.
Market and Governance ImplicationsThe episode highlights the broader challenges facing DAOs: aligning incentives among developers, service providers, and token holders while maintaining true decentralization.
Critics point to alternative models, such as Hyperliquid, where nearly all revenue is allocated toward token buybacks, and team compensation is paid in native tokens, as potential examples for Aave to follow.
“Maybe they need to look at Hyperliquid, where 99% of revenue goes to HYPE buy-backs. The team holds and is paid in HYPE. Everyone wins. Why can’t Aave Labs do the same? The pie is big enough already, or are DAOs inherently flawed?” posed analyst Duo Nine.
The Snapshot vote requires a quorum of 320,000 YAE votes and a margin of at least 80,000 votes over rival options to pass. Voting will remain open for three days, giving token holders time to consider the protocol’s next steps.
In the meantime, the AAVE sell-off highlights the market’s concerns about governance transparency and whether token holders can trust that protocol revenues serve the DAO rather than private interests.
As the community heads to the polls, the outcome could set a significant precedent for Aave and the broader DeFi ecosystem.
TLDR Aave Labs submitted a brand control proposal without the original author’s consent, escalating DAO governance tensions. The AAVE price has dropped 18% in one week, including 4.75% in one day. Ernesto Boado disavowed the proposal submission, criticizing the rushed timeline and lack of prior notice. Aave Labs replaced ParaSwap with CoW Swap, redirecting $200K/week in fees from the DAO to company-controlled addresses. Founder Stani Kulechov purchased 84,033 AAVE worth $12.6M in a week, currently facing an unrealized loss of $2.2M. In our recent report, Blockonomi revealed the ongoing misunderstanding between Aave Labs and the DAO over protocol ownership and governance. The tension escalated after Aave Labs submitted a brand control proposal to Snapshot without the original author’s consent.
Boado Disavows Vote Submission by Aave Labs A recap of what really happened, as per our report, reveals that Ernesto Boado, co-founder of BGD Labs, publicly rejected the vote, stating, “This is not, in ethos, my proposal.” He confirmed that Aave Labs submitted the draft without notice and objected to the rushed timeline during the holidays.
The proposal sought to transfer ownership of key assets like aave.com, GitHub, and social accounts to a DAO-controlled entity. Boado clarified that he would not have approved the current version or timing of the submission. Stani Kulechov, Aave’s founder, responded by defending the vote’s legality under the DAO’s governance process.
Earlier, Aave Labs replaced ParaSwap with CoW Swap, shifting $200K/week in fees from the DAO to itself. Delegates said the change lacked approval and diverted revenue generated through the DAO’s liquidity. Aave Labs argued the frontend remains separate and voluntary contributions were never guaranteed.
AAVE Price Drops to $152 According to the latest CoinMarketCap data, AAVE price is currently trading at $152.49, representing a 4.75% decrease over the last 24 hours. The AAVE price has shown a consistent downward trend throughout the day, with a brief recovery failing to hold above $154. The chart indicates a peak near $161, followed by a steady decline.
Source: CoinMarketCap The market cap has also dropped 4.75%, now sitting at $2.33 billion. Trading volume, however, rose 34.59% over the same period, reaching $708.52 million. The volume-to-market capitalization ratio is currently 30.44%, indicating increased short-term activity.
AAVE’s fully diluted valuation stands at $2.43 billion, while total value locked (TVL) is reported at $33.74 billion. The market cap-to-TVL ratio is 0.06928, indicating a disparity between token value and protocol usage.
Stani Kulechov Accumulates 84K AAVE, Faces $2.2M Unrealized Loss Despite the ongoing saga and AAVE price dip, a post on X by Lookonchain reveals that Stani Kulechov executed multiple AAVE-related transactions through Gnosis Safe and CoW Protocol. He purchased a total of 32,660 AAVE, valued at approximately $5.15 million, at an average price of $158. The transactions include inflows and outflows involving WETH and AAVE, routed via settlement contracts.
Stani Kulechov(@StaniKulechov), the founder of @Aave, bought 32,660 $AAVE($5.15M) at $158 again 7 hours ago.
He has bought a total of 84,033 $AAVE($12.6M) at an average cost of $176 over the past week, currently sitting on an unrealized loss of $2.2M.https://t.co/HEXO1r7uQK pic.twitter.com/k0pWQCmwGr
— Lookonchain (@lookonchain) December 23, 2025
He received 935.234 WETH from CoW Protocol and transferred 48.793 WETH back, equaling about $147.7K. Other transactions show repeated movement of WETH and Aave Labs tokens between wallets linked to him and the protocol. One entry indicates 569.329 AAVE moved from CoW Protocol to Stani Kulechov’s Gnosis wallet.
Over the past week, Stani accumulated a total of 84,033 AAVE, valued at $12.6 million, at an average cost of $176. Based on the current AAVE market price, his position shows an unrealized loss of approximately $2.2 million.
According to PHOENIX crypto analytics platform, several cryptocurrencies have shown significant gains across different exchanges recently. Leading the list is $HARD, which has surged by an impressive 81.8%. This dramatic increase highlights its strong performance in the market.
$NULS and $INSP Show Strong Gains of 64.2% and 52.3%, 2nd and 3rd to $HARD $NULS is not very far behind with an increase of 64.2%, which also shows good growth. Another parameter of excellence that can be observed regarding the $INSP is that its percentage has increased by an impressive 52.3% and this certainly speaks volume for its popularity in investment circles.
Other large gainers include, $CAT with a boost of 46.6% and $NLK which has increased by 28.8%. These two cryptos have presented a good performance in recent trading sessions. It’s another record on the rise of the stock in the market, with $WELL increasing by 26.7%.
Recent Daily Gainers Signal Strong Crypto Market Sentiment $PDA has risen to 23.6%, which indicates continuous improvement. $VOXEL is also on the rise with an increase of 21.5% and consistent trend of rising. $TLOS has risen to 20.9% and $APTR has also risen to 20.0%.
Lastly, such daily gainers, reported by PHOENIX, imply upbeat market sentiment and increasing interest in the related digital assets and specific cryptocurrencies. They show that is possible to make large profits in the sphere of cryptocurrencies as the market goes on developing. It is important for investors to be aware of these trends and adopt them in their decisions at the right time.
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Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Home Altcoins Binance Lists Two New Cryptos With up to 75x Leverage
Binance Futures has announced the listing of NULS and DOGS, both coins will be available for trading on August 26, 2024.
These coins will be offered with leverage options up to 75X.
Binance can reportedly change contract features, including funding fees, leverage and margin requirements, depending on market conditions.
Traders can use Binance’s multi-asset mode, which allows the use of assets such as BTC as margin when trading these contracts.
They are part of Binance Futures’ ongoing efforts to expand trading options and improve the user experience when trading crypto derivatives.
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Of late, Floki has been in the headlines, with investors apparently mixing this frenzy with a mix of technical analysis and improving on-chain data.
Floki, a meme coin named after Elon Musk’s Shiba Inu dog, is making waves within the crypto market. According to analysts such as CryptoAnalystHub and Javon Marks, this token is predicted to see colossal gains.
But is this meme coin really due for major upside price action, or are hype and expectations running ahead of the fundamentals?
On Falling Wedges And Potential Breakouts CryptoAnalystHub, a prominent analyst on social media, has successfully plotted a Bullish Falling Wedge in Floki’s price chart. This is generally indicative of the possibility of a price reversal, according to the respective technical indication.
$FLOKI 🔥🚀
Update:(Formation of a Bullish Falling Wedge pattern is done )✅
Breakout is also happens, Expected move for short term buyers is 90-100% soon💰🎯#FLOKI #FLOKIUSDT #FLOKIBTC #SIGNALS #ALTSEASON #ALTCOINS #USDT$DOGS $REI $NULS $PDA $PHA $VIDT $HARD $DCR $FLUX… pic.twitter.com/ELtuhsTnks
— CryptoAnalystHub (@Analysts_Hub) August 27, 2024
In other words, the pattern signals that the recent downtrend for Floki might be at its last stage, thus giving way to an upward rally.
The Falling Wedge, characterized by two converging trendlines with a downward slope, has served to squeeze Floki’s price action between the lines and has printed a series of lower highs and lower lows.
According to CryptoAnalystHub, a breakout above the upper trendline has already occurred, which would mean that Floki is at the cusp of a major bullish phase.
However, the analyst explains that if Floki is to sustain an uptrend, it needs to be able to push above pivotal resistance areas around $0.00021176 and $0.00027969.
These have been resistive zones showing renewed selling pressure in the past and, thus, are crucial for the digital asset to break through.
FLOKI is currently trading at $0.00015. Chart: TradingView Keeping An Eye On Floki Adding to the bullish sentiment, crypto analyst Javon Marks recently flagged Floki as one to watch. On X, Marks projected over 96% gains in store for Floki once a Hidden Bull Divergence has been confirmed.
He noted that a break above $0.0002761498 would unlock the door for even healthier gains, pointing to the next key level at $0.0005467298 – a further upside of 90% from this point, further building on the optimistic prospects into the future of Floki.
Coming off of a recently confirmed Hidden Bull Divergence, sights for $FLOKI (Floki Inu), in response to this divergence is still on an over 96% climb back above the $0.0002761498 target which may only open up even more room for climbing!
With a break above this target,… https://t.co/w3iDJDPeZU pic.twitter.com/SSr3iaLB5F
— JAVON⚡️MARKS (@JavonTM1) August 22, 2024
On-Chain Data Favor The Bulls Beyond technical analysis, on-chain data also looks promising for Floki. Noticeable growth in the network is seen, as depicted by the increase in new addresses.
This could indicate a trend that fresh capital has started flowing into the Floki ecosystem and may be pushing up demand and, therefore, its price.
Further supporting this is the increase in daily active addresses. Increased activity often suggests that interest and momentum are building within a community, which is usually a precursor to increased prices.
Is The Hype Justified? While this might be so from the technical and on-chain indicators for Floki, an un-cautious approach towards such predictions is warranted, seeing that it is a meme coin. Meme coins are very prone to volatility and hence dramatic shifts in sentiment. That being said, while Floki has had a decent run in recent days, investors should be prepared to lose it all.
Technical patterns, on-chain data, and the increase in investors’ interest support the great price surge of Floki. But it remains to be seen whether this meme cryptocurrency would sustain this. After all, as they say, within the crypto space, expect the unexpected.
Featured image from Gadgets 360, chart from TradingView
The team at NULS, a blockchain having a modular-based architecture for cross-chain interactions, has announced the launch of a new mainnet version. The NULS Mainnet v2.20.0 offers substantial enhancements targeted at increasing the NULS ecosystem’s functionality and efficiency, especially in the case of transaction processing and on-chain capabilities. The platform took to its official social media account to announce this development.
NULS Announces Its Mainnet Update with the v2.20.0 Version, Offering Support for $BTC and $ETH According to NULS, a noteworthy feature of the latest update deals with support for $BTC and $ETH assets for gas fees. The respective assets are bridged from local Ethereum and Bitcoin networks via the NULS Parachain NerveNetwork. This makes it significantly convenient for clients to transfer within the ecosystem of NULS. In this respect, they can use well-known crypto assets.
This inclusion will potentially improve the consumer experience with the provision of additional flexibility concerning transfer fee payments. Apart from that, the update takes into account optimizations regarding the cross-chain processing. They focus on minimizing the server pressure along with enhancing the network performance in general. This is specifically crucial while cross-chain interactions operate as a chief feature within the NULS platform.
The Node Owners Need to Update the Nodes to the Latest Version These interactions enable smooth interoperability between diverse blockchain networks. Additionally, NULS v2.20.0 update takes into account diverse stability issues and bugs, guaranteeing a more secure and dependable network for consumers. As the update is mandatory, node owners need to update each of the nodes, taking into account consensus and regular nodes.
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.
After touching an ATL of $23 million market cap, Neiro On Ethereum is back from the bottom of the barrel with a +260% in the last 48 hours. Will we see an incredible comeback?
Neiro on Ethereum looked doomed. Down over 90% from its ATH, It was not looking good. Some investors, however, continued to believe in it.
Despite everything, a community has formed behind this project. Not only that, but Neiro on Ethereum is listed on 15 exchanges, including Bybit, Gate.io, and OKX.
And now Neiro on ETH has listed on Binance Futures – inducing an almost immediate upside.
WTF $NEIRO BINANCE LISTING
HOLY FUCKKKKKKKKKKKKKKKKKKK
SEND IT TO 1B IN A DAY@binance pic.twitter.com/cju5wUb5Ne
— MoneyLord (@moneyl0rd) September 6, 2024
On socials, Neiro continues to be shilled by numerous accounts, including famous influencers who have received bags in exchange for their shills. It was precisely the controversy around these paid callers and the team that holds the majority of the supply that triggered the first wave of fud.
Neiro On Will Ethereum Continue To Rise? Investors Are Betting On It What is noticeable is that Neiro is going against the general market trend. While other meme coins are falling, Neiro’s trading volume continues to rise, as does its value. That surely caught the attention of new investors. Low prices were seen as a potentially high-risk but also high-reward bet. So far, the bet is paying off.
(NEIROUSDT)
Neiro has a $86 million market cap, and people are speculating about its comeback. With an OKX listing and thus even more exposure, Neiro could regain ground and establish itself as the official Neiro of this meta, surpassing in importance not only the other Neiros on Ethereum but also those on Solana.
$NEIRO $ETH is going uptrend on shorter timeframe and forming bull flag pattern
— Eunice D Wong 🦄 (@Eunicedwong) September 6, 2024
Investors seem bullish on Neiro despite everything. All the FUD is gone, for now. Is Neiro going to make it? We will see.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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AlpacaMoney has recently unveiled a unique collaboration with an open-source modular blockchain infrastructure NULS. The partnership between AlpacaMoney and NULS targets to combine both the platforms’ strengths to establish a relatively versatile and interconnected ecosystem. AlpacaMoney took to its official X account to provide insights into this initiative.
AlpacaMoney Joins Forces with NULS, Aiming at Improving Multi-Chain Asset Bridging to NULS and TON In a recent X post, AlpacaMoney expressed its enthusiasm regarding this partnership. The platform has gained significant attention because of its resilient social instruments as well as asset hub abilities. With these features, AlpacaMoney intends to assist in multi-chain assets’ bridging to both the NULS and TON ecosystems. For a considerable time, NULS has been getting attention for the modular and flexible design thereof.
These things made it convenient for builders to develop as well as set up blockchain applications. Leveraging the asset hub of AlpacaMoney enables NULS to access a broader multi-chain asset series. In this respect, it permits increased innovation and flexibility within its ecosystem. The respective integration will unveil the latest use cases and assets, widening the NULS platform’s appeal for users and developers alike.
A key benefit of this collaboration takes into account the capability for bridging the assets throughout several chains. The blockchain sector is seeing a substantial focus on cross-chain interoperability and this endeavor aims to enhance it. For this purpose, this partnership will potentially provide convenience for the assets’ movement across diverse networks.
The Collaboration Enhances Multi-Chain Asset Interoperability to Boost NULS Ecosystem’s Innovation With the improved interoperability, both entities will deliver additional opportunities to the consumers. Hence, they can engage with cutting-edge DeFi applications along with blockchain-based services. According to AlpacaMoney, this initiative will potentially drive the NULS ecosystem’s innovation to a further extent with the expansion of the use case and assets.
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.
On December 2, 2024, blockchain platform NULS and Nexera Network announced a groundbreaking partnership to revolutionize real-world asset (RWA) tokenization. This collaboration aims to integrate NULS’s modular blockchain technology with Nexera’s advanced tokenization framework, enabling the seamless creation and management of RWAs. The partnership is set to introduce institutional-grade standards, enhancing security, compliance, and scalability within the blockchain ecosystem.
The partnership addresses a growing demand for institutional solutions in the blockchain space. By combining their strengths, NULS and Nexera aim to provide a compliant and secure framework tailored to meet the stringent requirements of large-scale financial institutions. This development is expected to accelerate blockchain adoption across industries by offering robust solutions for tokenizing real-world assets such as real estate, equities, and commodities.
Nexera Network’s expertise in decentralized identity (DID) and cross-chain interoperability complements NULS’s modular architecture, known for its flexibility and ease of integration. The two platforms aim to bridge traditional finance and decentralized ecosystems, making blockchain technology more accessible to institutional investors.
Cross-Chain Innovation Drives Real-World Asset Tokenization and Industry Optimism A vital feature of this partnership is the focus on cross-chain capabilities. NULS’s multi-chain system will work alongside Nexera’s interoperable architecture to ensure tokenized assets can operate across various blockchain networks. This cross-chain functionality will allow users to benefit from greater liquidity and efficiency, breaking down barriers between siloed blockchain ecosystems.
Moreover, the integration enables seamless transfers and interactions between tokenized assets, improving transaction speeds and reducing costs. Such interoperability is critical for driving the widespread adoption of tokenized assets in retail and institutional markets.
Tokenizing real-world assets has been a growing trend in the blockchain space, allowing for greater transparency, fractional ownership, and liquidity. The collaboration between NULS and Nexera aims to set new benchmarks in the sector by delivering scalable and compliant tokenization solutions. By leveraging NULS’s customizable blockchain modules and Nexera’s expertise in token standardization, the partnership seeks to unlock new opportunities for asset digitization.
The emphasis on institutional-grade standards ensures that the tokenization framework aligns with regulatory requirements, making it suitable for finance, healthcare, and supply chain management industries. This approach enhances trust and positions blockchain technology as a viable solution for real-world challenges.
The announcement has garnered attention across the blockchain industry, with many viewing it as a significant step towards mainstream adoption. Analysts believe the partnership could set a precedent for future collaborations to bridge traditional finance and decentralized technology. NULS and Nexera are well-positioned to attract institutional players who have been cautious about entering the blockchain space due to regulatory and operational concerns by focusing on compliance and security.
The partnership between NULS and Nexera Network represents a pivotal moment in the evolution of blockchain technology. The collaboration is set to pave the way for broader adoption of blockchain-based solutions by addressing critical challenges such as compliance, security, and cross-chain interoperability. As institutional interest in tokenized assets continues to grow, this partnership is poised to advance real-world asset tokenization with institutional-grade standards.
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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
The world’s largest crypto exchange Binance on Wednesday said it plans to delist some spot and margin trading pairs. The delisting to impact crypto such as Axelar (AXL), Coin98 (C98), Enjin Coin (ENJ), Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP). As a result, the price of some abovementioned crypto drops in response.
Binance Delisting AXL, C98, and ENJ Coin Spot Trading Pairs On January 8, Binance revealed the plan to remove and cease support some spot trading pairs for Axelar, Coin98, and Enjin Coin. The delisting will take effect at 03:00 UTC on January 10.
This move followed Binance’s periodic review of market liquidity and trading volume. The exchange cited poor liquidity and low trading volume as the main reasons for delisting these pairs.
Even though the affected tokens can still be used for trading alongside other assets on the platform, the decision to remove these trading pairs has raised concerns among traders and investors. The delisting of pairs like AXL/FDUSD, C98/BTC, and ENJ/ETH signifies a shift in market dynamics, prompting users to adjust their positions accordingly.
Investors To See Liquidity Issues? Furthermore, the removal of trading pairs from Binance can result in reduced liquidity, which can increase the volatility of the affected tokens, especially amid crypto market crash. The exchange also declared that it would terminate Spot Trading Bot services for the affected pairs.
Users who have set up automated trading bots for these pairs are advised to cancel or adjust them to avoid potential losses. This warning highlights the broader implications of delisting for traders who rely on automated strategies. The delisting news triggered a sharp decline in the price of the affected tokens, contributing to the ongoing market volatility.
Binance to Remove BEL, NULS, LSK, SFP, and LIT Margin Pairs Binance Margin announced the delisting of several cross and isolated margin trading pairs. These include Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP) in BTC pairs.
The delisting process starts with restrictions on asset transfers into Isolated Margin accounts. Isolated margin borrowing will be suspended on January 9. Binance advised users to close their positions or transfer assets to Spot Accounts before January 16. On this date, all affected positions will be settled automatically, and pending orders will be canceled.
Cross-margin pairs such as LIT/BTC, NULS/BTC, and SFP/BTC will be delisted alongside isolated margin pairs, including BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, and SFP/BTC. One of the top crypto exchanges emphasized that users would no longer be able to update their positions during the delisting process, and failure to act in time could result in potential losses.
Despite these changes, the affected tokens will remain tradable in other pairs. This strategic move follows the exchange’s commitment to maintaining high-quality trading markets and optimize the user experience.
Price Impact Following Delisting Announcement Axelar’s AXL price was trading at $0.65 and fell by 12% in the last 24 hours. It was trading between a low of $0.64 and a high of $0.74. The current market cap of AXL is $583 million, with a trading volume of $15.85 million.
Coin98’s C98 token price declined by 15% from its peak level of $0.1884. It was trading at $0.16, with a market cap of $142 million and a 24-hour trading volume of $29 million.
Enjin Coin’s ENJ price was trading at $0.21, dropping 14% in the last 24 hours. It had a 24-hour trading range of $0.2098 to $0.2495. The ENJ token’s market cap stood at $381 million, with a trading volume of $32 million.
Other affected tokens included Litentry (LIT), Bella Protocol (BEL), and NULS, each experiencing a 13% dip. Lisk (LSK) saw a 10% decline, while SafePal (SFP) recorded a 5% decrease.
In addition, Binance suspended Troy token BSC deposits due to security concerns. This announcement caused Troy’s price to plummet by 40%, adding to the bearish sentiment across the market.
Binance will delist 14 tokens from its platform on Apr. 16, following the results of its first batch of the “Vote to Delist” initiative.
The tokens being delisted include BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT. In an announcement made on Apr. 8, Binance explained that the delisting follows both internal reviews and the results of a community vote.
Over 103,000 votes were cast by more than 24,000 participants, and after filtering out ineligible votes, around 93,000 votes were validated. To be eligible to vote, users had to hold at least 0.01 Binance Coin (BNB).
Low trading volumes, a lack of project development, a lack of community involvement, and non-compliance with the platform’s internal or regulatory standards are some of the reasons provided by Binance for the delistings. The exchange pointed out that tokens that were not delisted in this round might still be removed later on if they don’t satisfy the requirements.
All trading pairs for the 14 impacted tokens will be removed at 03:00 UTC on Apr. 16, and deposits for the tokens will be suspended. However, users will still be able to withdraw these tokens until June 9, after which any remaining balances may be converted into stablecoins.
This action follows Binance’s Mar. 31 delisting of Tether (USDT) spot trading pairs in the European Economic Area to comply with the newly enacted Markets in Crypto-Assets regulations. MiCA aims to improve oversight and accountability over digital assets within the EU by requiring exchanges to delist tokens that don’t meet specific compliance standards.
Exchanges need to demonstrate that they meet guidelines for enhanced security, transparency, and compliance with anti-money laundering regulations. The increased regulatory pressure has forced exchanges to be more selective about which tokens they support in the region.
In an exciting development for the Web3 entertainment landscape, HELLO Labs, a pioneering Web3 entertainment company, has announced a strategic partnership with MarketAcross, the leading blockchain PR and content marketing agency globally. This collaboration aims to catapult the innovative Web3 television series “Killer Whales” into the global spotlight, leveraging MarketAcross’s expertise as the official PR partner to bring the show’s unique narrative to audiences worldwide.
Amplifying the Narrative HELLO Labs, founded by Hollywood producer and Grammy-nominated creative director Paul Caslin, is at the forefront of creating premium Web3 entertainment content. As the executive producer and owner of “Killer Whales,” HELLO Labs bridges the gap between Web2 and Web3, ensuring transparency and factual reporting.
“Killer Whales” is not your ordinary reality TV show. It offers a platform where aspiring entrepreneurs present their crypto and NFT projects to a panel of seasoned industry professionals, the eponymous Killer Whales. This series is crafted to blend Hollywood-grade entertainment with educational content, demystifying the Web3 world for the mainstream audience by highlighting both the opportunities and risks within the crypto and NFT space.
MarketAcross, recognized as the “Official PR Partner of Killer Whales,” has carved its niche as the foremost blockchain PR and marketing firm worldwide. With over a decade of experience in the blockchain industry, MarketAcross stands as a beacon of success in PR and content marketing. MarketAcross has played a crucial role in building the brands of major blockchain projects and exchanges, reinforcing its position as an indispensable asset in bringing “Killer Whales” to a global audience.
The firm’s strategic approach, rooted in its deep connections with premier media outlets, venture firms, and thought leaders across the industry, is set to play a pivotal role in enhancing the visibility of “Killer Whales” on a global scale. From crafting compelling content strategies to leveraging its vast media relations, MarketAcross is poised to ensure the show’s narrative not only cuts through the noise but resonates with audiences worldwide.
A Visionary Collaboration Distinctively, “Killer Whales” shifts the focus from mere investment in projects to educating and informing the public about the latest technologies and business models within the Web3 ecosystem. By integrating Web3 projects, blockchain technology, and celebrity talent with Hollywood production standards, “Killer Whales” is set to transcend the crypto niche, making a mark on the general public’s consciousness.
Sander Gortjes, the Executive Producer of “Killer Whales” and CEO at HELLO Labs, expressed his enthusiasm for the partnership, stating, “Having spent 20 years in entertainment, marketing, entrepreneurship, and running campaigns for the top 1000 companies globally, I’m excited to work with what I consider the best PR firm for Web3 companies. MarketAcross brings a wealth of experience that complements our vision for “Killer Whales.”
Echoing this sentiment, Nadav Dakner, CEO of MarketAcross, highlighted the synergy between the two companies, “We’re thrilled to be the official PR partner of ‘Killer Whales.’ Working with an industry-changing project and show like this aligns perfectly with our commitment to visibility. We look forward to amplifying the narrative of ‘Killer Whales’ globally.”
“Killer Whales” upholds a strong commitment to transparency, with participating projects incurring no financial burden and all parties adhering to strict NDAs and non-investment clauses. The show is scheduled to premiere on the HELLO TV Web3 platform on February 8th featuring weekly episodes, before broadening its reach to various streaming platforms and broadcasting networks from March 11th.
This partnership between HELLO Labs and MarketAcross marks a significant milestone in the evolution of Web3 entertainment, promising to bring the intriguing world of crypto and NFTs closer to the mainstream through the captivating narrative of “Killer Whales.”
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
While Killer Whales is crypto's version of Shark Tank, the show does not focus on investing in projects but on educating the masses on the rewards and risks of web3.
Web3 entertainment company HELLO Labs has entered a partnership with blockchain PR and content marketing agency MarketAcross to launch a crypto television series called Killer Whales.
According to a press release seen by CryptoPotato, MarketAcross has become the official PR partner of Killer Whales and will help HELLO Labs propel the show’s entertaining narrative to global audiences.
HELLO Labs and MarketAcross Unveil Killer Whales Killer Whales is a reality show for entrepreneurs to pitch their crypto and non-fungible token (NFT) projects to a panel of experts from different spheres of the industry. These experts are called the whales. The show aims to deliver quality entertainment while educating the masses on the rewards and risks of web3.
Sander Gortjes, executive producer of Killer Whales and CEO of HELLO Labs, said: “Having spent 20 years in entertainment, marketing, entrepreneurship, and running campaigns for the top 1000 companies globally, I’m excited to work with what I consider the best PR firm for Web3 companies. MarketAcross brings a wealth of experience that complements our vision for “Killer Whales.'”
With over ten years of experience in the media space, MarketAcross will leverage its relationships with venture firms, event organizers, incubators, and premier media outlets to accelerate the visibility of the crypto show.
“We’re thrilled to be the official PR partner of ‘Killer Whales.’ Working with an industry-changing project and show like this aligns perfectly with our commitment to visibility. We look forward to amplifying the narrative of ‘Killer Whales’ globally,” said MarketAcross CEO Nadav Dakner.
Focus on Crypto Education While Killer Whales is crypto’s version of Shark Tank, the show does not focus on investing in projects. The aim is to inform and educate the audiences about new web3 technologies and business models, transcending the crypto sphere and spreading to the general public.
The participating projects will bear no financial burdens regarding the show, and involved parties, including the whales, will sign non-disclosure agreements and non-investment clauses.
Killer Whales is set to premiere on the HELLO TV Web3 platform on February 8, with episodes scheduled to be released weekly. From March 11, the series will be available on various streaming outlets.
Some of the whales include former White House communications director and web3 financier Anthony Scaramucci, YouTube personality and crypto analyst Wendy O, and co-founder of NFT Technologies Mario Nawfal.
In an era where the intersection of entertainment and technology is constantly evolving, a groundbreaking collaboration has emerged that promises to redefine the landscape of Web3 media and entertainment.
HELLO Labs, a visionary media production company, has announced a strategic partnership with Moby Media, setting the stage for an unprecedented fusion of Hollywood-quality storytelling and Web3 innovation.
Unveiling the Partnership: HELLO Labs and Moby Media HELLO Labs, known for its pioneering approach to media production in the Web3 space, has joined forces with Moby Media, a leading name in Web3 media, in a strategic media partnership. The collaboration is aimed at catapulting the visibility of HELLO Labs, its groundbreaking “Killer Whales” TV series, and the $HELLO token into the global arena. Leveraging Moby Media’s extensive network and influence, particularly through X Spaces and other platforms, the partnership is poised to bring quality Web3 projects into the limelight, bridging the gap between traditional Web2 audiences and the burgeoning Web3 ecosystem.
“Killer Whales,” a TV series conceptualized by HELLO Labs, stands as a testament to the fusion of Hollywood-grade production values and the innovative spirit of Web3. Spearheaded by industry stalwarts such as Hollywood Producer and Grammy-nominated creative director Paul Caslin, alongside Entertainment and Marketing expert Sander Gortjes, “Killer Whales” is more than just entertainment; it’s a mission to merge the narratives of Web2 and Web3, making the latter accessible and engaging for a global audience.
A synergy of visionaries: The minds behind the mission The partnership between HELLO Labs and Moby Media is not just a business collaboration; it’s a meeting of minds and visions. At the helm of HELLO Labs is Paul Caslin, a renowned figure in the entertainment industry, whose expertise in creating compelling narratives is now being channeled into the Web3 realm. Alongside him, Sander Gortjes brings a wealth of experience in entertainment and marketing, ensuring that “Killer Whales” resonates with audiences across both Web2 and Web3 platforms.
Moby Media enters the partnership as the official media ally, bringing its significant reach and expertise to the table. With a history of covering the nexus of FinTech, Web3, AI, and gaming, Moby Media is perfectly positioned to amplify the stories and innovations emerging from HELLO Labs. Through dedicated coverage on X Spaces and other channels, Moby Media will spotlight the episodes of “Killer Whales,” provide insights into the $HELLO token, and offer project participants a platform to share their journey.
Bridging worlds: The impact on Web3 and beyond The collaboration between HELLO Labs and Moby Media represents a pivotal moment in the evolution of Web3 media and entertainment. By combining the narrative depth of Hollywood with the technological innovation of Web3, the partnership aims to create a new paradigm for storytelling and audience engagement. The “Killer Whales” series, with its high-quality production and Web3 integration, serves as a flagship project for the vision, showcasing the potential for immersive and interactive entertainment experiences.
Moreover, the partnership is set to play a crucial role in demystifying Web3 for the broader public. Through educational content, engaging storytelling, and transparent communication, HELLO Labs and Moby Media are committed to making Web3 accessible and appealing to a global audience. The initiative not only promises to attract a new wave of enthusiasts into the Web3 space but also fosters a deeper understanding and appreciation of the technological and creative possibilities that it holds.
Conclusion The alliance between HELLO Labs and Moby Media stands as a beacon of innovation, bridging the gap between the established world of entertainment and the frontier of Web3. As the partnership unfolds, it promises to usher in a new era of media production, where stories are not just told but experienced, and where audiences are not just viewers but active participants in the narrative.
Killer Whales is an entertainment product co-produced by HELLO Labs and Binance-owned CoinMarketCap, which borrows heavily from the concept and visual language of the more popular shows Shark Tank, Dragon’s Den, and Tigers of Money.
Just like in Shark Tank and Dragon’s Den, Killer Whales’ entrepreneurs take the stage, pitch their idea to a panel of investors, and field questions. Then, the investors either dismiss the idea or begin negotiating the terms of their potential input. Sometimes, they’ll even compete with their fellow sharks to provide the most enticing terms to the entrepreneurs.
So, what exactly do these entrepreneurs stand to gain if they’re chosen by one of the ‘Whales’? The answer appears to be ‘mentorship’ from the judges. Indeed, during the first episode, Ran Neuner nominates himself as an advisor to one of the projects.
This is one of the biggest differences viewers familiar with Shark Tank will note: there’s no discussion of terms of investment because there is no investment on the table.
Shark Tank already suffers from the problem of businesses going on the show without any serious intention of receiving investment, hoping instead that the promotional value will be enough for years’ worth of Instagram ad campaigns. These instances can sometimes benefit the show itself, with the ‘Sharks’ calling out these opportunistic business owners and providing the necessary friction to keep things interesting.
Read more Opinion: Cryptocurrency reality shows are awful
In Shark Tank, you can receive actual investment (though the deals often fall apart after the show), while in Killer Whales, you can receive mentorship from a group of people who have little valuable mentorship to provide. This feels like it compounds the problem of entrepreneurs primarily seeking out a venue for self-promotion.
The first firm we are introduced to in the first episode is Lumara. Lumara is a real-estate platform that, in part, hoped to enable people to “buy property with bitcoin.” Currently, it has enabled 0 transactions and has 20 houses listed on the platform, most of which look to be targeting Bitcoiners who may want to relocate to El Salvador.
Today, the company looks to have pivoted from ‘premier crypto real estate marketplace‘ to a ‘leading nationwide developer of container homes‘ with no mention of crypto. Sixty percent of the judges thought the original idea would ‘sink.’
The second firm we’re introduced to is Pundi X, a Singapore-based crypto exchange that primarily offers a cryptocurrency payment terminal. You can use its token to publish ‘apps’ to the Android 7.0-based terminal. Android 7.0 was released in 2016. Sixty percent of judges thought this idea would ‘swim.’
The third firm was Ape Water, which sells (you guessed it) water that has a disinterested-looking ape on it. This is the firm that excited Neuner so much that he volunteered as an advisor on the spot, immediately seeing the potential of expensive simian-branded hydration. This was the ‘winning’ firm for this episode, with all the judges choosing to ‘swim’ in the Ape Water.
The final firm was Plastiks, a firm that is trying to figure out how to sell companies certificates on the blockchain that symbolize an effort to remove or reduce plastic. These entrepreneurs have a straightforward pitch for why it’s important for their firm to succeed: “If we fail, the world is fucked,” they declared.
Plastiks also claims to have some type of investment or relationship with Google, though it seemed somewhat unclear. The firm’s owners definitely referred to ‘investment,’ which led to the judges talking about the cap table, which would mean it was an investment in equity. However, there were a couple of moments where it seemed that they actually meant that Google purchased some of the plastic credits. Protos has reached out to both Google and Plastiks to clarify and will update if we hear back. Sixty percent of the judges decided to ‘swim’ with this firm.
Less Killer Whales, more Filler Whales This first episode didn’t contain any significant discussion about these projects’ revenue or profitability. Stripped of that type of detail and lacking the financial stakes of investment, the whole thing felt a little empty.
Mario Nawfal takes a break from hosting X Spaces about Elon Musk to mention that he is seriously worried about Liquid Death as a competitor to Ape Water, but he swims nonetheless.
CryptoWendyO swims with every project because why not?
Ran Neuner knows what it’s like to lose because of all the money he put into a Ponzi scheme, which failed, so he swims with Plastiks because the entrepreneur has failed before.
None of these are folks that anyone seems remotely excited to have on their side, with some of the Whales even joking about not wanting to work with each other.
None of it feels like it means anything; there’s no excitement, no disappointment, and not enough insight to make even a single moment worth watching. Perhaps the different judges in later episodes would be more entertaining, but I doubt anyone will see them.
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[PRESS RELEASE – Los Angeles, California, April 10th, 2024]
Following the resounding success of its debut season, which captivated audiences on premier platforms such as AppleTV, Google Play, Amazon Prime, HELLO TV, and Tubi, Killer Whales Season 2 is poised to make an even bigger splash. Applications for the highly anticipated second season are officially open.
HELLO Labs, a pioneering Web3 entertainment company, has once again joined forces with the leading crypto platform CoinMarketCap to scout the most innovative and popular projects within the Web3 industry. These chosen projects will have the exclusive opportunity to pitch to the Killer Whales judges in front of a global television audience.
HELLO Labs Founder Paul Caslin expressed his enthusiasm for the upcoming season, stating, “Season 1 was just the beginning; Season 2 is the main event. We are on a mission to cast a spotlight on the hottest projects in the Web3 space and showcase them to mainstream audiences worldwide.”
In an exciting twist for Season 2, viewers will have the chance to influence the lineup through a special “Wildcard” episode. Starting May 1st, 2024, the crypto community can vote for their favorite projects, with the top three securing much-coveted spots on Season 2.
As anticipation builds and the crypto markets heat up, competition is expected to be fierce. Key dates for the application process are as follows:
April 10th: Applications Open May 1st: Voting Begins June 1st: Winners are Chosen June 24th: Season 2 begins shooting teams who believe their Killer Web3 project has what it takes to face the Killer Whales, are welcome to apply now at hello.one/killerwhales and seize their chance to shine on the global stage.
About Killer Whales:
Killer Whales is a groundbreaking television series that spotlights the most exciting and innovative projects within the Web3 industry. Backed by HELLO Labs and CoinMarketCap, the show provides a platform for emerging talent to showcase their creations to a worldwide audience.
About HELLO Labs:
HELLO Labs is a leading Web3 entertainment company dedicated to pushing the boundaries of digital entertainment. Through innovative partnerships and groundbreaking projects, HELLO Labs aims to revolutionize the entertainment industry.
About CoinMarketCap:
CoinMarketCap is the world’s most trusted and comprehensive source for cryptocurrency data. With millions of users globally, CoinMarketCap provides real-time information on digital assets, markets, and trends.
As the vibrant city of Singapore gears up for TOKEN2049, one of the most anticipated blockchain events of the year, the HELLO [AI] First Token Party promises to kick off the celebrations in style. Hosted by aelf, this exclusive, invite-only event will serve as the perfect prelude to a week filled with blockchain and AI discussions, networking, and innovation. The party is set to create an exciting atmosphere, making it the ideal launchpad for what is sure to be an unforgettable TOKEN2049 experience.
Attendees will have the opportunity to immerse themselves in an evening of insightful conversations, panel discussions, and social festivities. The event aims to bring together AI and blockchain enthusiasts, fostering connections and collaborations in a setting that highlights the fusion of these cutting-edge technologies. With a night full of energy and innovation, the HELLO [AI] First Token Party is positioned as the ultimate beginning to a week of groundbreaking advancements in blockchain and AI.
A Night of Networking and Innovation According to the firm’s report, the HELLO [AI] First Token Party offers an exciting agenda for attendees. Registration begins in the early evening, allowing participants to settle in and connect with fellow enthusiasts. The event will officially kick off with a networking hour, offering a relaxed environment for attendees to engage with industry peers, share ideas, and discuss upcoming trends in AI and blockchain.
As the night progresses, the focus will shift to a series of engaging discussions. Industry leaders will take the stage to share their insights on the intersection of AI and blockchain, shedding light on how these technologies are evolving and what the future holds. The event’s panel discussion will explore the next frontier of AI-powered blockchain applications, diving deep into how AI is transforming the blockchain space. Following the panel, a fireside chat will tackle the intriguing topic of AI decentralization, posing the question: Can AI truly become decentralized?
This lineup of discussions is designed to offer valuable insights into the latest trends in AI and blockchain technology, providing attendees with a deeper understanding of the potential these innovations hold.
The HELLO [AI] First Token Party will feature an impressive roster of speakers, each bringing a wealth of expertise from leading organizations in the AI and blockchain industries. Notable speakers include Brian Liang, Chief Operating Officer at aelf, Chris May, Head of Sales at Sapien, and Chuan C., an AI blockchain expert from Google. Other esteemed speakers include Emad Mostaque, founder of SchellingAI, Khaniff Lau, Business Development Director at aelf, Stacey-Ann Pearson, Head of Web3 at Amazon Web Services, and Steve Shirkey, Director of Azure AI for the Asia-Pacific region at Microsoft.
These thought leaders will delve into the role of AI in blockchain, offering unique perspectives on how these two transformative technologies can be integrated to drive innovation across various industries. Their discussions will pave the way for a lively evening of thought-provoking ideas and forward-thinking visions for the future.
More on the Event The HELLO [AI] First Token Party is not just about discussions and panels, it’s also a celebration of the spirit of innovation and community that drives the AI and blockchain industries. After the formal sessions, attendees will have the chance to unwind and enjoy a lively party that promises fantastic vibes, great music, and a celebratory atmosphere. The event is designed to provide the perfect blend of intellectual engagement and social interaction, ensuring that participants leave with new ideas, connections, and memories.
The party will be an excellent opportunity for those attending TOKEN2049 to begin their week with a fresh perspective on AI and blockchain, setting the stage for further exploration throughout the main event.
The HELLO [AI] First Token Party is a strictly invite-only event, with space limited to ensure an exclusive experience. Attendees are required to RSVP in advance, and admission is subject to confirmation via email. Each invitation grants entry to one participant, and the event’s dress code encourages smart casual attire, with shorts and slippers discouraged.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
Moonbeam Network, known for advancing integrated web3 for builders and dApp users, announces collaboration with HELLO Labs, a media and venture layer for Web3. Together, Moonbeam and HELLO labs are determined to launch the world’s first Web3 gaming accelerator which is designed to bridge on-chain innovation with real-world visibility.
This would ultimately assist the new generation of the game developers to bring onchain games to a wider audience at the global level. Moonbeam Network has revealed this trailblazing news to the global gaming community through its official social media platform, X account.
Moonbeam x HELLO Labs Accelerator Empowers Web3 Game Developers As an integral part of this synergy, Moonbeam will deploy its scalability and interoperability as the technical foundation of this project. It would streamline cross-chain connectivity that is the crucial point for developing the next-gen web3 gaming. To further convert this idea into practical steps, HELLO Labs will integrate its unparalleled media reach and storytelling expertise to help projects to gain recognition and traction at the global level.
This newly launched, Moonbeam x HELLO Labs Accelerator supports the developers (developing Web3 games) from the start to completion. As a part of this support, Moonbeam x HELLO Labs Accelerator is offering funding, media exposure, and deep ecosystem integration. Participants will have a $30K grant from the Moonbeam Foundation and around $50K in milestone-based budgets along with hands-on support from the technical team of Moonbeam foundation.
Along with the funding round of Moonbeam foundation, game developers will have the perks from HELLO Labs as well. HELLO Labs will provide its wide media services to the developers to showcase their expertise worldwide. They will be featured in multiple popular shows i.e., Killer Whales TV and have PR amplification through HELLO’s global KOL network of over 50 influencers.
In addition to that, this accelerator would also grant direct access to the investors, publishers and Web3 gaming communities. The whole process that is going to span over 6 months and 5 weeks will culminate in the ‘Killer Whales Live’, a globally known-event that shows selected projects to millions of views on Amazon Prime, Tubi, HELLO TV, Apple TV and Google Play.
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.
Undercollateralised crypto lending platform Goldfinch just suffered its third default.Those burnt by the loss are calling on Goldfinch to reimburse users with funds from the protocol’s $107 million treasury.Critics say the repeated defaults highlight the difficulty of underwriting emerging-market loans.Lenders using decentralised finance protocol Goldfinch are facing a big hit after another large borrower defaulted on its debts.
Borrower Lend East previously took out $10.2 million worth of loans backed by Goldfinch users.
In an April 1 update, Warbler Labs, the company behind the Goldfinch protocol, announced Lend East would be able to repay only around $4.25 million of the loan, and said it expected Lend East to default on the remaining $5.9 million when the loan matured on April 3.
“Warbler Labs is engaging external counsel to explore all rights and remedies that are available to the community to maximise recovery,” the company said.
The situation with Lend East marks the third default users of the Goldfinch protocol have suffered since it started operating in January 2021.
Critics say the repeated defaults highlight the difficulty of underwriting emerging-market loans and expose serious problems with the Goldfinch protocol’s model.
Goldfinch users say that the Lend East loan’s initial credit assessment was “poorly executed” and that both Goldfinch and Lend East failed to provide backers updates on the loan over the past year.
‘The lowest quality borrowers’The Goldfinch protocol lets its users underwrite undercollateralised loans to companies across the globe, many of which operate in emerging markets.
In traditional finance, such loans are risky and therefore yield high returns. In DeFi, where double-digit annual returns are common, Goldfinch fits right in.
“Underwriting emerging-market loans has always been difficult and putting them on crypto rails doesn’t change that fact,” Tze Donn Ng, an investment associate at Tioga Capital Partners, told DL News.
Ng said that weak regulations in emerging markets, generally low creditworthiness, and adverse selection all contribute to the difficulty. “Only the lowest quality borrowers will go to you, otherwise they would borrow from banks or credit funds,” he said.
Instead of conducting credit assessments for loans itself, Goldfinch relies on a decentralised group of auditors to approve borrowers for the protocol to consider. Those who backed the Lend East loan have accused the auditors of doing a poor job on the loan’s initial credit assessment.
“Initial Goldfinch credit assessment has been poorly executed — or assessor poorly selected — as we end up with multiple default on multiple loans,” a user posting under the name felix2545 said in the Goldfinch Discord — a messaging app.
DL News asked Warbler Labs CEO Mike Sall and chief technology officer Blake West for comment. West directed DL News to Goldfinch’s April 1 announcement and didn’t comment further.
‘A model problem’Goldfinch’s business model is not a new one.
Banks and credit funds have long lent money in emerging markets, but calculating the risks of underwriting such loans is much more complex than lending in developed countries, such as the US.
“DeFi adds efficiency to structuring, capital formation, and deployment, but none of that matters if you don’t have strong underwriting and recourse,” Ryan Rodenbaugh, founder of crypto research and development company Wallfacer Labs, told DL News.
Despite Goldfinch’s best efforts, relying on third parties to source borrowers and assess risk may just be too difficult to make work.
“It’s a model problem,” Ashish Anand, founder of asset tokenisation platform Bru Finance, told DL News. “Not only Goldfinch, but anything that is structured as a credit fund where they rely upon third parties to do sourcing.”
Despite the defaults, Goldfinch has also facilitated 13 loans that were fully repaid. Another eight are listed on the Goldfinch website as “on time.”
A substantial hitThe latest default represents 7.7% of the amount of all active loans outstanding on Goldfinch. Those burnt by the loss are now calling on Goldfinch to reimburse users with funds from the protocol’s $107 million treasury.
Combined with Goldfinch’s previous defaults of a $5 million loan to Kenyan company Tugende, and $7 million from US-based credit fund Stratos, the protocol’s total losses sit at almost $18 million.
In the case of Stratos, Warbler Labs took on the full risk and responsibility of recovery, and backstopped losses for Goldfinch users. The Goldfinch DAO also voted to allocate $1 million in USDC from its treasury to cover losses from the Tugende loan.
DL News asked Warbler Labs’ West if the firm is considering backstopping the losses from Lend East’s loans. He didn’t immediately respond.
Another one of Goldfinch’s loans is also looking precarious. Almavest, a company that lends money to ESG-focused companies in India, Egypt, Indonesia, Colombia, Spain, Philippines, and other markets, is currently late in repaying a $2.1 million loan.
Whether Goldfinch will be able to bounce back from its recent default remains to be seen.
“To solve the existing issues, they will need to go through the regulatory route and restructure debt,” Tioga Capital’s Ng said. “Though this does not fix the long-term problem of poor underwriting.”
Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out to him with tips at [email protected].
Crypto lender Goldfinch and a risk management adviser have parted ways.The adviser, who was slated to earn $135,000 over six months, recently stopped responding to lender inquiries.Crypto lender Goldfinch is seeking a new adviser after its previous hire — who was scheduled to make $135,000 over his six-month tenure — was seen by some restive lenders as ghosting them.
The advisor resigned from the crypto lending protocol in September to pursue a full-time opportunity, according to a copy of his resignation letter shared with DL News.
“Any lack of communication with the lenders was during a transition period near the end or after my last day of work in early October,” the advisor, Ajay Gill, told DL News after this story was published.
But Goldfinch lenders hadn’t been told of his impending departure.
“Even the adviser defaulted on us,” one user in Goldfinch’s Discord — a messaging app — wrote Friday, summarising lenders’ feeling that the embattled startup has struggled to get its borrowers to honour the terms of their loans.
Goldfinch did not return DL News’ request for comment.
It’s the latest setback for a leader in the multibillion-dollar real-world asset market.
The protocol is used to connect lenders and small businesses seeking capital, many of them based in developing countries.
One of the leading protocols at the intersection of crypto and private credit, Goldfinch has issued more than $60 million in outstanding loans since its launch in 2021.
But that figure has fallen steadily since early 2023, according to data from RWA.xyz, and Goldfinch has lost market share to rivals like Figure and Maple amid the seemingly insatiable demand for private credit.
The total value of active, crypto-based private credit loans was more than $9.1 billion on Monday, a roughly 44% increase since January.
Goldfinch has been rocked by a succession of defaults, and frustrated lenders have pressured parent company Warbler Labs to recoup as much as it can.
To that end, the company hired Gill in June with near-unanimous approval from investors who hold the Goldfinch governance token, GFI.
“Mr. Gill is currently advising the special situations team at one of the largest alternative investment firms in the world,” the May 20 proposal reads. According to his LinkedIn account, Gill is a managing partner at Discovery Global LLC.
Gill was charged with serving as the point of contact for Goldfinch lenders and delinquent borrowers, among other things.
But his weekly updates, shared in the Goldfinch Discord channel, abruptly stopped on October 2.
“What is going on here?! Advisor unresponsive and not providing any updates,” one frustrated user wrote on Discord.
In a resignation letter dated September 10, Gill told Goldfinch he would leave his position in 30 days.
“I am unable to continue as a consultant because, among other reasons, I need to focus my attention on a full-time employment opportunity,” he wrote.
Goldfinch Foundation head Obinna Okwodu said Friday he would temporarily assume Gill’s responsibilities during the search for Gill’s successor.
“Ajay will no longer be working as a consultant to the Goldfinch community,” he wrote. “In the meantime, I’ll be stepping in to oversee the management of the portfolio.”
That portfolio has struggled amid the difficult realities of lending to small and medium-sized businesses in the developing world.
In June 2023, African motorbike finance company Tugende Kenya became the first Goldfinch borrower to default when it missed a payment on a $5 million USDC loan.
Tugende Kenya helps motorcycle taxi operators in East Africa obtain financing to purchase their own bikes, rather than renting them indefinitely.
Warbler Labs accused the company of making an unauthorised loan to its struggling Uganda-based parent company.
In October 2023, Warbler said it would write off part of a $20 million loan to US credit fund Stratos, take on the full risk and responsibility of recovery, and backstop losses for Goldfinch users.
In April this year, Warbler Labs said a third borrower, Lend East, would be able to repay only $4.25 million of a $10.2 million loan.
Despite the defaults, Goldfinch has also facilitated 14 loans that were fully repaid, according to its website. Another seven are listed as “on time.”
Update, February 7, 2025: This story was updated to include comment from Ajay Gill and to clarify that he resigned from his position as risk advisor at Goldfinch.
Update, February 22: This story was updated to remove a comment from Goldfinch co-founder Blake West stating Gill’s departure was “more a case of us wanting to find a better adviser.” Gill resigned from the company, according to a copy of his resignation letter later shared with DL News.
Aleks Gilbert is a New York-based DeFi correspondent for DL News. You can reach him at [email protected].
Goldfinch, a crypto lending platform built on Ethereum, is in a bad spot. Its native token, GFI, is down over 75% from its April high. Many investors are exploring other RWA tokens like Ondo Finance or Realio.
The GFI situation is worsened by ongoing project-related issues that may lead to further selling pressure, adversely affecting holders.
Goldfinch Troubles In just the past day, GFI has dropped more than 15% in 25 hours, and there is potential for even greater declines in the coming days.
This Goldfinch crypto downturn coincides with rising concerns about a high rate of loan defaults.
Lenders are increasingly worried that borrowers are not honoring their loan agreements, prompting some to pull out of the platform.
It goes from bad to worse.
Rising loan defaults, coupled with the free-falling GFI token, are straining relations between the platform’s founders and leaders. Recently, Goldfinch lost its risk management advisor, Ajay Gill, who came on board in June to address the alarming loan default rates.
There seems to be no progress in resolving the pressing loan default crisis.
Since its launch in 2021, Goldfinch has processed over $60 million in loans and aims to regain its position. To achieve this, they first need to find a new advisor now that Gill has departed.
3 RWA Tokens To Explore In October 2024 Even with Goldfinch’s crypto troubles, it is not to say there are no other opportunities to explore in the burgeoning real-world asset (RWA) market.
BlackRock is neck-dip in RWA, tokenizing United States Treasuries. Its CEO earlier said the sphere will eventually command over $1 trillion in market cap.
According to Coingecko, the RWA sector is up 5% to over $7.7 billion.
Investors can explore the following RWA tokenization projects, diversifying from the crashing GFI token:
ONDO Finance (ONDO): This is the second-largest RWA platform with a market cap of over $7.7 billion. It seeks to tokenize financial instruments like treasuries, bringing them on-chain. While it rides on the decentralization of Ethereum, all tokenized assets comply with existing securities law. Ondo Finance might be down 14% in the past week but up 742% from all-time lows of $0.082. Landshare (LAND): Landshare is focused on real-estate tokenization while complying with existing laws. Through tokenization, investors gain access to real estate, regardless of location. LAND is the native utility and governance token, priming the Landshare ecosystem. The token is up nearly 3X since sinking to all-time lows in October 2023. Realio (RIO): Realio is a software-as-a-service platform for tokenizing real-world assets. Integrating the blockchain makes it more transparent, reliable, and secure. RIO is the main currency. It is up 51X since launching two years ago in October 2022. Pepe Unchained: RWA Investors Diversifying With PEPU The value proposition of RWA tokens could mean decent ROI for investors in the long term.
Those who want to see this now can choose Pepe Unchained, a meme coin project with a twist.
With over $22.9 million raised, investors are pouring in, searching for gems—and PEPU is proving to be one.
Can it be the next better version of SHIB or PEPE?
Pepe Unchained wants to build an Ethereum layer-2 for meme coins. The platform, Pepe Chain, will offer a solution for developers and traders seeking a scalable and low-fee environment without losing the security of Ethereum.
Pepe Unchained will be compatible with Ethereum, feature a dedicated block explorer, and include a decentralized exchange (DEX).
On launch, the “Frens with benefit” program will boost platform activity and attract developers.
PEPU, the native token, is trading for just $0.01179. On launch, it could easily 100X, outperforming all RWA tokens, including ONDO and GFI.
Visit Pepe Unchained
Explore: Tonchain Daily Active Users Fall 80% To 1 Million: Will Prices Follow?
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[PRESS RELEASE – New York, United States, March 20th, 2025]
Plume, the first full-stack RWAfi (real world asset finance) chain, and Goldfinch, the leading onchain private credit platform, today announced a partnership to expand access to high quality private credit assets on Plume’s flagship RWA staking platform, Nest. This partnership will widen access to institutional-grade private credit funds and make them seamlessly accessible within Plume’s ecosystem. By leveraging Goldfinch Prime’s compliant, composite private credit product, Nest enables users to access sustainable yield in a liquid product.
Private credit has emerged as one of the fastest-growing sectors in the financial industry, providing businesses with essential expansion financing amid stringent banking regulations. As a pioneer in bringing RWAs onchain, Goldfinch has already enabled thousands of users to access sustainable, productive yields. While private credit has historically been reserved for wealthy investors, Plume is democratizing access through this integration with Goldfinch Prime.
For Plume, this partnership significantly strengthens its flagship staking protocol by adding institutional-grade private credit to its yield offerings. Through Nest’s vaults, users gain access to a new asset class that complements Plume’s existing RWAfi ecosystem, transforming these traditionally restricted investment vehicles into permissionless, liquid assets that any Plume user can easily access.
Goldfinch Prime brings together world-class alternative asset managers including Apollo, Ares, Golub, and Stellus – who collectively manage over $1T – through specially built rails that subscribe into these funds and stream yield onchain. The Goldfinch Prime token is a composite product – using specially built rails to subscribe into these funds and stream their yield onchain. Through Plume’s Nest vaults, these private credit yields become permissionless, liquid, and composable within Plume’s RWAfi ecosystem, enabling access to sustainable 10-12% returns.
“This partnership shows how we can leverage Plume’s infrastructure to turn previously inaccessible investment opportunities into fully permissionless and composable assets,” said Teddy Pornprinya, Co-Founder and CBO of Plume. “It’s not just about bringing TradFi products onchain, we want to make them better and more useful for crypto-natives everywhere onchain.”
“We’re excited to partner with Plume on this as a way to make Goldfinch Prime even more useful for crypto native investors,” added Goldfinch Co-Founder and CTO, Blake West.
Goldfinch Prime is establishing itself as the leading private credit product by partnering with multiple managers to offer an indexed private credit product with a single token. The platform continues to add world class asset managers, bringing institutional yield products directly into DeFi.This collaboration between Plume and Goldfinch will accelerate tokenization of the alternative asset industry, allowing investors to buy, trade, and collateralize high-quality yield products in a significant advancement for the space.
About Goldfinch
Goldfinch was started over 4 years ago with the mission to bring real-world finance onchain. Goldfinch Prime represents the next evolution in that mission, as it brings the biggest and best private credit funds in the world onchain, in one simple, diversified investment. Funds like Ares, Apollo, Golub, and more, who collectively manage over $1T of assets are now available around the world in a low-cost way through stablecoins and the blockchain.
About Plume
Plume is the first full-stack L1 RWA chain purpose-built for Real World Asset Finance (RWAfi), enabling the integration and adoption of real-world assets through its ecosystem. With 180+ protocols building on the network and a $25M RWAfi Ecosystem Fund for early-stage projects, Plume offers a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. Coupled with an end-to-end tokenization engine and a network of financial infrastructure partners, Plume enables seamless DeFi integration for RWAs so anyone can tokenize real-world assets, distribute them globally, and make them useful for crypto-native users.
Users can learn more at https://plumenetwork.xyz/ or contact [email protected]
Plume is teaming up with Goldfinch to expand real-world asset finance by bringing several private credit funds onchain.
Plume, a layer 1 modular blockchain for real-world asset finance, says the partnership will see institutional investors access top private credit funds on Nest, its RWA staking platform. With Goldfinch, a leading platform for onchain private credit, the collaboration means an expansion of its institutional-grade offerings to Plume’s ecosystem.
Goldfinch and Plume are therefore eyeing an opportunity for sustainable yield to Nest users, with this available via Goldfinch Prime’s suite of private credit products. These products are from leading alternative asset managers such as Apollo, Golub, Aries and Stellus.
Collectively, these firms manage more than $1 trillion in assets.
Plume will bring yield from Goldfinch Prime, which uses specially-built rails to subscribe to funds that is then streamed onchain.
“This partnership shows how we can leverage Plume’s infrastructure to turn previously inaccessible investment opportunities into fully permissionless and composable assets,” said Teddy Pornprinya, co-founder and chief business officer of Plume.
According to the Pornprinya, the collaboration is not just about taking traditional finance products onchain. The goal is to democratize access, with blockchain technology helping to flip these into useful assets for crypto-natives.
For Nest users, Goldfinch’s partnership will improve its staking offering by infusing institutional-grade private credit. While traditionally, the private credit funds are restricted investment vehicles, Nest vaults turns them into permissionless and liquid assets, allowing any user on the Plume blockchain investment access.
Plume’s latest partnership adds to several in recent months, with all of these aimed at accelerating tokenization across the alternative asset market.
Apart from partnerships with Ondo Finance, Superstate and Music Protocol among others, Plume has recently netted a major strategic investment from YZi Labs. YZi Labs, formerly Binance Labs, and led by Changpeng ‘CZ’ Zhao, announced it had invested in Plume on March 17.
The L1 raised $20 million in a series A round in December 2024, backed by venture capital firm Brevan Howard Digital, Galaxy Ventures and Haun Ventures.
