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Binance’s Indonesian subsidiary Tokocrypto saw advancements in crypto licensing in the past day.  The exchange was acquired by Binance towards the end of 2022. In the past few weeks, the crypto regulatory division has seen an increase in activity after the recent market lull. Recently, the Nigerian SEC announced that it would be taking action against unlicensed crypto exchanges. Amid the actions and other lawsuits, Binance saw an advancement in terms of regulations. 

Notably, Tokocrypto, Binance’s Indonesian subsidiary received the Physical Crypto Asset Trader (PFAK) from the country’s Commodity Futures Trading Regulatory Agency (Bappebti). According to Binance’s official announcement, the regulator had previously in 2019, named Tokocrypto as prospective to be licensed. 

The announcement also discussed how the Binance subsidiary had undergone a rigorous licensing process with Bappebti. Additionally, the CEO of Binance stated that the exchange would extensively support Tokocrypto. 

Binance CEO, Richard Teng stated:

“Binance is committed to fully supporting Tokocrypto in its mission to drive the growth of the Web3 ecosystem in the region”

Moreover, the PFAK license would allow Tokocrypto to function as a physical crypto-asset trader in the country. This would grant the exchange with rights to sell, buy, and store crypto assets in wallets. 

How will the Licensing Enhance Binance’s Tokocrypto?  Notably, Binance acquired the local crypto exchange Tokocrypto towards the end of 2022. The exchange’s current CEO – Yudhono Rawis – expounded on the importance of the PFAK license. He stated that it was an important milestone for the crypto exchange in its aim to become the top digital asset exchange platform in the country. 

Furthermore, Rawis also stated that the exchange has been ‘strengthening its commitment to maintaining high standards of regulatory compliance’. He expressed that the PFAK license and Binance’s support can help the exchange attain market leadership in Indonesia. 

Meanwhile, Binance released its 22nd Proof of Reserves recently. The reserves showed a slight decline in Bitcoin and ETH holdings. However, the reserves’ USDT and BNB token holdings remained positive. 

The overall crypto market has begun to show price recovery as per CMC data. Leading cryptocurrencies such as Bitcoin and Ethereum have recorded modest price gains after the recent dip. 

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Tokocrypto, Indonesia’s popular crypto trading platform and a Binance subsidiary, has officially obtained its status as a regulated Physical Crypto Asset Trader (PFAK) in Indonesia. This regulatory greenlight grants Tokocrypto full power to operate as a physical crypto asset trader within Indonesia’s evolving cryptocurrency landscape.

The announcement, made on Monday, follows years of stringent regulatory scrutiny by the country’s Commodity Futures Trading Regulatory Agency (Bappebti). Notably, Tokocrypto, officially known as PT Aset Digital Berkat, was previously operating as a Prospective Physical Crypto Asset Trader (CPFAK) in the region. Securing the PFAK license highlights the trading platform’s persistent efforts to comply with Indonesia’s strict regulatory framework.

This development comes as Tokocrypto continues to experience massive growth in Indonesia. The platform’s user base has crossed 4.5 million in 2024, with its monthly trading volume increasing by an impressive 138%.

Solidifying Tokocrypto’s Long-Term Goals The approval confirms that Tokocrypto adheres to the regulator’s stringent standards, providing a safe and dependable platform for crypto investors. The platform’s Chief Executive Officer (CEO), Yudhono Rawis, noted the importance of the PFAK license in realizing the company’s vision of becoming Indonesia’s leading crypto platform. Rawis stated that securing the license represents a major step toward achieving his company’s long-term goals and maintaining high compliance standards.

The Indonesian government is gradually progressing in regulating the crypto industry, with Bappebti playing a central role in overseeing the industry. The agency works closely with other institutions, such as the central bank (Bank Indonesia), tax authorities, and law enforcement to regulate crypto trading. However, despite growing interest, Bank Indonesia still does not recognize cryptocurrencies as legal payment instruments.

Bappebti has applications from around 35 crypto exchanges for the regulatory license. To operate legally in the country, the platforms are required to register with self-regulatory organizations like the CFX apart from obtaining this license. Interestingly, Tokocrypto is the third trading platform to receive this regulatory nod in Indonesia.

Binance’s Focus on Compliance Binance CEO Richard Teng took X to praise Tokocrypto for securing the PFAK license and contributing to Web3 development in the region. He also noted Binance’s efforts toward regulatory compliance, not just in Indonesia but globally. Binance is currently boosting its compliance measures worldwide, with plans to onboard 1,000 new employees by the end of this year, 200 of whom will focus on compliance.

Teng brings a wealth of expertise in regulatory compliance, having previously held important positions in the sector. Just last week, Binance gained regulatory approval from Kazakhstan’s financial authorities, moving closer to obtaining full licensing in the country.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.

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Crypto exchange Binance said its subsidiary Tokocrypto has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti), according to a Sept. 9 statement shared with CryptoSlate.

This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license. The country currently has 35 prospective crypto exchanges registered with Bappebti.

Tokocrypto's growthOver the past year, Tokocrypto has seen significant growth, with its user base surpassing 4.5 million and monthly trading volume increasing by 138%, signaling growing trust in its services.

Yudhono Rawis, Tokocrypto's CEO, emphasized the license's significance in achieving the company's goal of becoming Indonesia's leading crypto-asset trading platform. He stated:

“Over the past two years, Tokocrypto has continuously strengthened its commitment to maintaining high standards of regulatory compliance. We are proud of this achievement to become the third exchange to receive PFAK license in Indonesia, the market which has 35 prospective crypto exchanges registered with Bappebti.”

Binance, which fully acquired Tokocrypto in late 2022, had previously held a majority stake in the company.

Richard Teng, Binance's CEO, praised Tokocrypto's achievement, describing it as a testament to its dedication to regulatory compliance. He added that Binance remains committed to supporting Tokocrypto's mission to promote Web3 growth in the region.

He said:

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“Binance is committed to fully supporting Tokocrypto in its mission to drive the growth of the Web3 ecosystem in the region.”

Following the news, CoinMarketCap data showed that Tokocrypto's native TKO token saw a 15% increase to $0.3342.

Binance compliance effortsThis milestone hopes to reinforce Binance's commitment to regulatory compliance under Teng's leadership. Over the past months, the exchange has secured licenses in various regions, including Kazakhstan and India.

However, Binance faces challenges in Nigeria, where authorities have detained its executive, Tigran Gambaryan, since February.

US lawmaker French Hill— who visited Gambaryan earlier this year— condemned his continued detention and highlighted concerns over his deteriorating health. He stated:

“This is outrageous. It's clear Tigran's condition is rapidly deteriorating – the Nigeran government must release him immediately.”

Mentioned in this articlePosted in

Indonesia’s licensing regime sparks ‘monopolistic’ market concerns

Tokocrypto, a leading Indonesian cryptocurrency exchange and a subsidiary of Binance, has achieved a significant milestone by securing a Physical Crypto Asset Trader (PFAK) license from the country’s Commodity Futures Trading Regulatory Agency (Bappebti), according to a joint statement by Tokocrypto and Binance announcement this week.

Tokocrypto is the third exchange to receive PFAK license in Indonesia, which has 35 prospective crypto exchanges registered with Bappebti.

“Binance is committed to fully supporting Tokocrypto in its mission to drive the growth of the Web3 ecosystem in the region,” Richard Teng, CEO of Binance, said about the achievement. Binance had invested in the crypto trading platform in 2020 and 2021, and acquired the platform in late 2022.

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The PFAK license, secured after a rigorous application process, underscores Tokocrypto's commitment to compliance with local regulations and its dedication to providing a safe and secure trading environment for its users, the announcement said.

The exchange has been operating as a prospective physical crypto asset trader since 2019 and has successfully met the stringent requirements set by Bappebti to obtain the full license. Tokocrypto’s user base surpassed 4.5 million this year, while monthly average trading volume grew by 138%, the exchange said, noting "consistent growth and increasing trust in Tokocrypto’s services."

According to the Indonesia Commodity Futures Trading Authority, the nation boasts over 18 million crypto investors, making it the seventh-largest crypto market globally.

With the PFAK license in place, Tokocrypto is well-positioned to expand its operations and offer a wider range of services to its users. The exchange is also likely to benefit from increased institutional interest and partnerships as it solidifies its position as a trusted and regulated player in the Indonesian crypto space.

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Table of contents

The Market Value to Realized Value (MVRV) ratio has historically been a reliable indicator of Bitcoin’s market trends, often acting as a resistance or support point. The 4-year and 1-year MVRV averages have played critical roles in defining market movements, guiding traders and analysts in assessing potential short-term tops and the need for strategic risk management.

In March, on-chain data suggested potential short-term market tops, prompting caution among traders. Subsequent months, including July, August, and September, have seen ongoing evaluations focused on the likelihood of a market correction concluding and the potential for a trend reversal to take shape.

Current Market Dynamics: MVRV Trends Below Key Averages According to CryptoQuant, recent data reveals a slight deviation in the typical MVRV pattern, with the current market behavior differing from past recovery phases. Following a period of market overheating, the expected price correction turned out to be milder, and the consolidation period extended longer than anticipated. As a result, MVRV has dipped below both the 1-year and 4-year averages, signaling a departure from historical trends.

Despite a promising market recovery, MVRV’s position below the 1-year average suggests that Bitcoin remains undervalued relative to its performance over the past year. This undervaluation indicates that, while positive momentum is present, significant resistance remains before a bullish trend can fully resume.

For Bitcoin to regain its bullish trajectory, the MVRV ratio must rise above the 1-year average. This shift would serve as a critical trigger for renewed market optimism and could mark the beginning of a new bullish phase. Analysts suggest closely monitoring MVRV movements, as breaking above this threshold could signal a turning point, enhancing investor confidence and driving market momentum forward. As the market navigates through prolonged consolidation, the evolving MVRV trends provide essential insights into potential future movements, emphasizing the importance of ongoing analysis and strategic positioning for investors.

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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.

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Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

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US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

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US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

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During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

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PANews reported on December 22nd, citing Jakarta Globe , that Indonesia's financial regulator, the OJK, has released a list of 29 licensed digital asset and crypto trading platforms, reminding consumers to verify their "legality and logic." The list includes Indodax , Tokocrypto , Pintu , Upbit , Reku , Luno , Pluang , Triv , Stockbit , BTSE Indonesia , Nanovest , Nobi , and digitalexchange.id. The OJK also listed four market infrastructure institutions: PT Bursa Komoditi Nusantara (exchange), PT Kliring Komoditi Indonesia (clearing), PT Kustodian Koin Indonesia , and PT Tennet Depository Indonesia (custodian). The OJK also issued new regulations covering digital and crypto asset trading, derivatives, and consumer protection.

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From a new Bitcoin warning to the latest support for XRP, Litecoin and Bitcoin Cash, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

As Bitcoin clings to $5,000, Bloomberg is issuing a new warning about where the price of BTC may be heading.

The GTI VERA Convergence Divergence indicator “sent its first sell signal since mid-March. The shift could suggest further downside may be ahead as the coin flirts with its highest levels of the year.”

The technical gauge is designed to identify market reversals and exhaustion. It utilizes typical moving average convergence divergence (MACD) and looks to remove excess noise, using a proprietary theory called volatility explosion relatively adjusted (VERA).

According to George McDonaugh, chief executive officer at London-based blockchain investment company KR1 Plc, a drop lower for Bitcoin would only be natural.

“When Bitcoin jumped significantly a few weeks ago, the volume was big enough to push up through major resistance levels into a potentially new trading range. Current movements are natural market cycles within a trading range, and it’s just the market searching out the lower bounds.”

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Ethereum

The latest edition of EthHub Weekly is out, covering all things Ethereum.

The new post looks at developments on Ethereum 2.0 and a number of Ethereum-based platforms, including Maker, which is comprised of a decentralized stablecoin, collateral loans and community governance, and AirSwap, a peer-to-peer trading network.

Ripple and XRP

Ripple’s global head of banking Marjan Delatinne just sat down for an interview at the 2019 Penn Blockchain Conference.

Delatinne talks about her efforts to engage with companies in the financial industry and demonstrate how blockchain can boost their bottom line.

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XRP, Litecoin, Bitcoin Cash

eToro’s regulated crypto exchange and wallet eToroX just launched seven new pairs for XRP, Litecoin and Bitcoin Cash. The pairs are BCH/BTC, LTC/BCH, BCH/ETH, XRP/ETH, LTC/ETH, BCH/XRP and LTC/XRP.

https://twitter.com/eTorox/status/1122872353627746304

Stellar

IBM has released a new video on its Stellar-powered World Wire remittance platform. Lead developer Seema Phalke talks about how the platform works and the advantages of using Stellar’s technology.

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Tron

Tron’s latest weekly report is out. The new edition reveals new progress on BitTorrent Speed which will integrate the Tron-based BitTorrent Token (BTT) with the file-sharing platform. The report also looks at the recent release of the Tron-based Tether (USDT) token.

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This week, the various corners of the Ethereum ecosystem have been filled with a particularly lively flurry of activity.

First up, there’s MAD Stores — think “Mutually Assured Destruction.” Created by Ethereum developer Alejandro Diaz and announced on Wednesday, Turms MAD Stores is an anonymous and decentralized marketplace that leverages Ethereum smart contracts  in order to avoid needing a backend server at all.

In the reveal, Diaz characterized the marketplace as akin to a “completely decentralized” and more private version of eBay:

“Another difference between ebay and MAD Stores is that sellers can remain anonymous, or at least pseudonymous; that is, buyers and sellers are only known by their Ethereum addresses (or ENS names).”

Those making deals can use the relatively new Turms Anonymous Message Transport system, another project Diaz has worked on. Turms AMT can make encrypted comms between Ethereum addresses.

Moreover, the MAD smart contracts provide escrow functionalities, a product category ledger, and the ability to record a seller’s inventory and information about it.

Buyers and sellers are protected according to the aforementioned principle of Mutually Assured Destruction. If a party on either side of a deal tries to scam the other, both users’ escrowed funds will be burned.

Another Ethereum Mixer Steps Up to the Plate Various mixers have been proposed in the Ethereum ecosystem recently (e.g. Heiswap), and the latest oncomer is the Tornado mixer, which is backed by the zk-SNARKS privacy tech — also known as “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge” transactions.

https://twitter.com/rstormsf/status/1154148852993183745

The mixer is notably non-custodial, meaning users can facilitate private Ethereum-based trades right from the comfort of an address of choice rather than having to first deposit ether (ETH) onto a centralized exchange.

The Tornado mixer was just released on the Kovan testnet, so it’s not ready for a production environment status just yet. But its progress is heartening for many Ethereum community stakeholders who have been lobbying for solid mixer resources in recent times.

Pooled cDAI Built to Help Ethereum Funding For the past few weeks, EthHub co-founder and Gnosis team member Eric Conner has floated the idea of launching a pooled fund comprised of the Dai stablecoin, the interest of which could be put toward Ethereum development activities while at the same time allowing investors to pull out their principal investments when all was said and done.

Now, an early example of that model has officially been put forth in the Pooled cDAI project. As the effort’s GitHub explains, it does the following activities:

“[…] Pools DAI, converts it into Compound DAI, and sends interests to a beneficiary. Users putting DAI into the pool receives Pooled cDAI (pcDAI), an ERC20 token which is 1-for-1 redeemable for DAI at any time.”

Introducing Pooled cDAI, an ERC20 token template allowing people to pool DAI together, lock the DAI into @compoundfinance , and send the interests to a beneficiary. Locked DAI can be withdrawn *at any time*. Kinda like generalized @PoolTogether_ . #DeFi https://t.co/jX6ZAANhdf

— zefram.eth (@boredGenius) July 25, 2019

Chalk it up as another novel open-source development funding avenue that could be explored by all sorts of entities in the cryptoeconomy, not least of which are Ethereum stakeholders looking to boost development prospects in the blockchain’s ecosystem.

Wow! Someone already built the community interest fund idea.

I love this community. https://t.co/owmaeSyT50

— eric.eth (@econoar) July 25, 2019

Speaking of the Dai stablecoin, it’s also worth mentioning that the MakerDAO team that oversees the dual MKR-DAI ecosystem has opened up a bug bounty campaign for the coming Multi-Collateral Dai offering, which will ultimately allow users to take out collateralized debt positions (CDPs) using assets beyond ether.

You all know what this means… soon™️ https://t.co/6kVa7G3rLk

— DeFi Pulse (@defipulse) July 25, 2019

Real World, Off-Chain Assets to Underpin Maker CDPs? Speaking of opening up CDPs with assets beyond ether, what about doing so with off-chain assets like physical property?

That’s what Fluidity — the builders of the AirSwap crypto exchange — are planning with their Tokenized Asset Portfolio roadmap.

Today @fluidityio introduced the Tokenized Asset Portfolio (TAP) —

A model enabling real world assets to be pledged as collateral in decentralized credit facilities —

Including the MakerDAO multi-collateral Dai system cc @makerdao $dai #ethereumhttps://t.co/0wgHQaQ5dD

— Michael Oved (@ovedm606) July 25, 2019

Reasonable people can agree or disagree as to whether off-chain assets being used to secure Dai loans is a shrewd idea, but what’s clear is that the DeFi horizon is growing day by day.

William M. Peaster

William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster

Posted: September 15, 2019

AirSwap reported that their development team had detected a ‘critical vulnerability’ in a recently launched AirSwap smart contract. According to a blog released on medium, AirSwap, a decentralized token-trading platform built on the Ethereum blockchain, revealed that on 12th September, the internal security review team recognized a major flaw in the mainnet of the smart contract.

The vulnerability would have allowed any hacker to perform a swap with another party without requiring their signature. It was stated that the tainted code was active in the system for less than 24 hours and only a few addresses were affected. The article stated,

“When the issue was detected, the team immediately rolled back AirSwap Instant to use the original smart contracts. Both the AirSwap Instant and Trader products are no longer affected by the vulnerability.”

The AirSwap team also carried out a few remediations after the vulnerability was reported. Dev team initiated identification of affected users and started the process of de-risking [process of protecting user asset without alerting the network]. All vulnerable components were removed from the production AirSwap UI and from all related tools.

AirSwap released a statement of apology and remarked,

“We would like to deeply apologize to our affected users for any inconvenience these vulnerabilities may have caused, and hope that the important lessons we continue to learn throughout these processes form the basis for a more open, secure, and efficient trading environment.”

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AirSwap’s native token, AST rose as high as 115%, driven by renewed interest from whales and a favorable technical setup.

According to data from CoinGecko, AirSwap (AST) rose to an intraday high of $0.071 on June 23 afternoon Asian time, extending its gains to 255% from its year-to-date low of $0.020.

AirSwap rallied as the global crypto market cap dropped roughly 3% to $3.2 trillion on the day. Major assets, including Bitcoin (BTC) and Ethereum (ETH), continued to trend downward, weighed by escalating geopolitical tensions in the Middle East and shifting investor sentiment toward safe-haven assets.

By press time, AST had cooled off to $0.051, trimming its daily gain to approximately 51%. However, technical and on-chain indicators suggest the token may still be poised for further upside.

On the 4-hour/USDT chart, AST has decisively broken out of a multi-week descending channel, typically seen as a reversal signal when followed by volume confirmation. In addition, the token completed a breakout from a bull-flag pattern, a continuation pattern that often signals further upward momentum.

AST price, 50-day and 200-day SMA chart — June 23 | Source: crypto.news Notably, AST is now trading above both the 50-day and 200-day simple moving averages. The 50-day SMA appears on track to cross above the 200-day SMA, a technical formation known as a golden cross, which is traditionally seen as a bullish long-term signal. 

On top of that, the MACD lines have pointed upwards, while the Supertrend indicator has flipped to a green signal, reinforcing the short-term bullish bias.

AST Supertrend and MACD chart — June 23 | Source: crypto.news From a price-action perspective, AST may attempt to retest its recent high of $0.071. A successful breakout above this level could open the door to a rally toward the next resistance at $0.095, which was last touched in April.

Whale accumulation appears to be a key catalyst driving the move. According to CoinMarketCap data, whales currently control 83.8% of AST’s circulating supply, a trend that retail traders often track for cues on institutional sentiment.

Concurrently, total AST balances on exchanges have dropped by over 21% in the past three months.

On the development front, the AirSwap team has also scheduled a community call on June 25 to discuss upcoming DAO-related initiatives. The announcement has stirred renewed engagement across the AirSwap ecosystem, which could sustain attention in the short term.

Despite the bullish setup, there remains a key risk for investors. According to data from CoinMarketCap, the top 10 holders currently control nearly 80% of the circulating supply. This high degree of concentration introduces a vulnerability to sudden sell-offs or price manipulation, which could create volatility in the absence of strong demand-side support.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Web3 gaming guild GuildFi has announced a strategic rebranding after securing $140 million in funding in 2022 from notable investors including Binance Labs, Coinbase Ventures, Animoca, Pantera Capital, and Hashed.

According to the announcement, the rebranding marks a significant step in Zentry’s mission to create a universal Superlayer that will integrate games across all platforms into a single, cohesive Play Economy.

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“Imagine a game of games: one profile, expansive rewards, multiversal IPs and vast gaming activities,” said Jarindr Thitadilaka, founder & CEO of Zentry. “We’re reshaping how gamers are recognized and rewarded by enabling how a player’s gaming activities benefit their real-world self, and their real-world actions to boost their digital self. This will usher in a fundamental shift in the gaming industry where profits will flow from corporations to players.”

The rebranding also introduces a token conversion program, allowing GuildFi token holders to convert to the new Zentry token in a 1-for-10 split, further integrating the community into the Zentry ecosystem. With over $100 million in treasury and partnerships with leading Web3 properties, Zentry is set to become a dominant force in the gaming, entertainment, and lifestyle sectors.

Zentry’s idea is to create a massive multiplayer online RPG in real life. This overlay experience will combine loyalty systems, gamer identities, and cross-world activities, offering a unified community for the world’s three billion gamers.

Moreover, their ecosystem designed for blockchain gaming is aimed at transcending traditional DAOs, offering a story-driven product ecosystem with four core components: a blockchain infrastructure bridging Web2 and Web3 data, consumer apps targeting diverse player demographics, an IP-rich world for deeper engagement, and a substantial treasury for strategic growth and ecosystem incentives.

Disclosure: This article was edited by Gino Matos. For more information on how we create and review content, see our Editorial Policy.

➡️ @hydration_net: Liquidity Layer of the Polkadot Universe

Hydration combines all assets in a single trading pool, unlocking deep liquidity and unmatched trading efficiency.

Single-sided LPing allows DeFi users to circumvent impermanent loss.

— Emperor Osmo 🐂 🎯 (@Flowslikeosmo) September 2, 2024

Gibraltar, Gibraltar, November 29th, 2024, Chainwire

Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets.

Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events.

The platform operates as a fork of the AAVE v3 protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions and arbitraging interest rates. These features cater to users seeking diverse, risk-adjusted financial strategies within the DeFi space.

Hydration’s launch is a step forward in its mission to democratize access to financial tools while ensuring sustainable protocol development. The project’s focus on transparency and user-centric design aligns with the broader goals of fostering a robust, decentralized financial ecosystem.

For more information, users can visit hydration.net, app.hydration.net or follow Hydration on X (formerly Twitter).

About Hydration

Hydration is a blockchain-based platform dedicated to enhancing financial accessibility and innovation through decentralized tools. By leveraging Polkadot’s scalability and interoperability, Hydration aims to empower individuals and institutions with secure, transparent, and efficient solutions for borrowing, lending, and managing digital assets.

Contact Valery Hydrator
[email protected]

Hydration Unveils Decentralized Borrowing Platform on Polkadot

November 29, 2024 – Gibraltar, Gibraltar

Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits and borrow various digital assets.

Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the DeFi (decentralized finance) ecosystem.

Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events.

The platform operates as a fork of the AAVE version three protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions and arbitraging interest rates.

These features cater to users seeking diverse, risk-adjusted financial strategies within the DeFi space.

Hydration’s launch is a step forward in its mission to democratize access to financial tools while ensuring sustainable protocol development.

The project’s focus on transparency and user-centric design aligns with the broader goals of fostering a robust, decentralized financial ecosystem.

For more information, users can visit the website or the Hydration web app, or follow Hydration on X.

About Hydration Hydration is a blockchain-based platform dedicated to enhancing financial accessibility and innovation through decentralized tools.

By leveraging Polkadot’s scalability and interoperability, Hydration aims to empower individuals and institutions with secure, transparent and efficient solutions for borrowing, lending and managing digital assets.

Contact Valery Hydrator

 

Singapore, Singapore, January 10th, 2025, Chainwire

Bifrost has announced that vDOT, Polkadot‘s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed by DOT leveraging demand.

The integration of vDOT into Money Market allows for new strategies for Polkadot’s DeFi participants: By staking Polkadot (DOT), participants receive vDOT, which can be used as collateral to borrow additional DOT. This process allows for the possibility of repeating the cycle to explore strategies aimed at optimizing returns.With this introduction, Bifrost is unlocking the opportunities of what’s possible in Polkadot DeFi, creating synergies and flywheels for the ecosystem. Users are offered the opportunity to earn dual yields, borrow against their staked tokens without sacrificing liquidity, and leverage their positions for higher yields. This synergy also enhances DOT market liquidity, drives user adoption, and exemplifies the DeFi composability of Polkadot ecosystem, making vDOT as a cornerstone asset within the Polkadot ecosystem.

For more information, users can visit app.bifrost.io or follow Bifrost on X.

About vDOT

Bifrost’s vDOT, short for “voucher DOT,” is a reward-bearing liquid staking token (LST) issued by the Bifrost Staking Liquidity Protocol. vDOT represents staked DOT on the Polkadot Relay Chain and accrues staking rewards, reflected as an increase in its value rather than its quantity.

As Polkadot’s largest DOT LST, vDOT boasts a total locked value of over $50 Million, enabling users to maximize their capital efficiency while benefiting from staking rewards.

About Bifrost

Bifrost is a liquid staking appchain tailored for all blockchains, utilizing decentralized cross-chain interoperability to empower users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security across multiple chains.

Contact Wonder
[email protected]