Track market-moving stories before they get noisy

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

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

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

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Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

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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%.

5 hours ago

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%.

5 hours ago

Binance’s Token Purge Sends 8 Altcoins Into Free Fall

Key Highlights Table of Contents

Key HighlightsMajor Defense Contract Strengthens PositionNeutron Rocket Remains Key CatalystGet 3 Free Stock Ebooks Rocket Lab successfully executed its inaugural dedicated mission for the European Space Agency (ESA) on March 28. The “Daughter Of The Stars” mission placed ESA’s “Celeste” payload into low Earth orbit at a 510 km altitude. This marked the company’s sixth orbital mission of 2026 and the 85th successful Electron rocket deployment to date. The aerospace firm secured a record-breaking $190 million contract with the U.S. Department of War for 20 hypersonic test missions, elevating its total backlog beyond $2 billion. Analysts maintain a Moderate Buy rating on RKLB shares with a consensus price target of $89.36, suggesting approximately 47% potential upside. Rocket Lab achieved a significant milestone on Friday evening by executing its inaugural dedicated mission for the European Space Agency, successfully deploying navigation test satellites from its New Zealand facility. The Electron launch vehicle departed from Launch Complex 1 at 10:14 p.m. New Zealand Time on March 28, transporting ESA’s “Celeste” payload to a 510-kilometer altitude in low Earth orbit.

Electron delivers 'The Daughter Of The Stars' to orbit for the European Space Agency @esa.

✅ 85th Electron launch and 6th mission of the year.
✅ 2nd launch in 5 days from Launch Complex 1.
✅ Another flawless launch with 100% mission success by Electron. pic.twitter.com/B5fl7yvcNW

— Rocket Lab (@RocketLab) March 29, 2026

Dubbed “Daughter Of The Stars,” this mission represents the company’s sixth orbital deployment in 2026 and brings the total Electron vehicle mission count to 85.

The pair of satellites will evaluate whether a constellation operating in low Earth orbit can effectively complement Europe’s Galileo navigation infrastructure, which functions in medium Earth orbit. The objective is enhancing positioning precision throughout Europe for applications spanning autonomous transportation, maritime operations, and emergency response systems.

Two European industry partnerships constructed the spacecraft — one spearheaded by GMV based in Spain, and another led by Thales Alenia Space headquartered in France.

Rocket Lab USA, Inc., RKLB

RKLB stock advanced approximately 2% during Monday’s premarket session following the mission announcement.

Shares have declined 13% since the start of the year, affected by widespread risk-averse market behavior and escalating U.S.-Iran tensions. Despite this, the stock has surged 231% over the trailing twelve-month period.

Major Defense Contract Strengthens Position Beyond the ESA achievement, Rocket Lab recently won a substantial $190 million agreement with the U.S. Department of War to conduct 20 hypersonic test missions utilizing its HASTE launch platform. This represents the largest individual contract in the company’s history.

This agreement propelled Rocket Lab’s cumulative backlog beyond the $2 billion threshold.

Throughout the remainder of 2026, the company has scheduled missions encompassing commercial Earth observation operations, national security deployments, international space agency partnerships, and hypersonic technology advancement initiatives.

Neutron Rocket Remains Key Catalyst This operational momentum builds toward the highly anticipated inaugural launch of Rocket Lab’s larger Neutron rocket, presently scheduled for late 2026.

Neutron is engineered to compete in the medium-lift segment, focusing on reusable launch capabilities for larger commercial and governmental payloads.

Analysts assign a Moderate Buy consensus rating to RKLB, comprising nine Buy recommendations and four Hold ratings. The mean price target stands at $89.36 — representing approximately 47% upside potential from present trading levels.

Key Takeaways Table of Contents

Key TakeawaysNeutron Takes Center StageWall Street’s PerspectiveGet 3 Free Stock Ebooks Rocket Lab has secured a new multi-launch agreement with iQPS for three additional Electron rocket missions, with launches beginning in 2028. The partnership now totals 15 missions, with seven launches already successfully completed since 2023. iQPS has placed its second multi-launch order with Rocket Lab within a six-month period. Wall Street analysts maintain a Moderate Buy rating on RKLB, with a consensus price target of $86.77 — representing approximately 30% potential upside. The upcoming Neutron rocket launch, anticipated in late 2026 or early 2027, is viewed as a significant growth catalyst for the company. Rocket Lab has secured yet another contract with a loyal customer, and industry analysts are closely monitoring whether the aerospace company can translate this growth trajectory into improved profitability.

Rocket Lab USA, Inc., RKLB

The aerospace manufacturer revealed a fresh multi-launch contract with the Institute for Q-shu Pioneers of Space (iQPS) covering three more Electron rocket flights. These missions are slated to commence no earlier than 2028, launching from Launch Complex 1 located in New Zealand.

This agreement elevates the total number of missions between the two partners to 15. Of these, seven missions have already been successfully executed since 2023.

What’s particularly noteworthy is that iQPS has now placed two separate multi-launch contracts with Rocket Lab within just half a year. This pattern of recurring business demonstrates strong operational dependability and customer satisfaction.

The upcoming missions will carry QPS-SAR satellites into orbit utilizing Rocket Lab’s Motorized Lightband separation technology. Each mission will be entirely dedicated to iQPS payloads, ensuring focused delivery.

Brian Rogers, Vice President of Global Launch Services at Rocket Lab, emphasized that the partnership’s strength stems from the company’s proven track record on previous missions. The upcoming iQPS launch is scheduled for no earlier than May 2026.

In related financial developments, Rocket Lab recently concluded its at-the-market equity offering, securing approximately $474 million in gross proceeds. The company also maintains collared forward transaction agreements with potential maximum proceeds reaching $642 million.

Regarding corporate expansion, Rocket Lab obtained German regulatory clearance for its anticipated acquisition of Mynaric. The transaction is projected to finalize in April with a valuation of roughly $75 million.

Neutron Takes Center Stage The company generated $601.8 million in revenue over the trailing twelve months, marking a 38% year-over-year increase. However, market analysts emphasize that the real narrative revolves around what’s on the horizon — the Neutron rocket.

This 43-meter partially reusable launch vehicle is engineered to rival SpaceX’s Falcon 9 in the satellite and cargo deployment market. Critical components, including the distinctive “Hungry Hippo” fairing and thrust structure, have been completed and are prepared for final integration.

Clear Street analyst Gregory Pendy noted that Neutron could access a substantially larger market segment and produce higher revenue per launch compared to Electron — positioning it as a primary growth engine if development timelines are maintained.

Wall Street’s Perspective Citizens analyst Trevor J. Walsh elevated RKLB from Hold to Buy this week, maintaining his $85 price target. Walsh described the current valuation as an appealing entry opportunity and emphasized Rocket Lab’s strategic expansion into defense and space services as a route to enhanced profit margins.

Sujeeva De Silva from Roth MKM sustained a Buy rating with a $90 price objective. De Silva drew attention to Rocket Lab’s expanding contract backlog and its diversification into satellite components as proof that the company is effectively broadening its business model beyond launch services.

Overall, RKLB carries a Moderate Buy consensus rating on TipRanks — comprising 10 Buy ratings and 5 Hold ratings issued over the past three months. The consensus price target stands at $86.77, suggesting approximately 30% upside potential from current trading levels.

RKLB shares declined 3.39% on the day the announcement was made.

Key Takeaways Rocket Lab is scheduled to announce Q1 2026 financial results after the closing bell on May 7, with consensus estimates calling for approximately $190 million in revenue—a year-over-year increase exceeding 50%. Shares of RKLB climbed 7.5% during Wednesday’s trading session and have gained more than 25% throughout the past month leading into the earnings announcement. Implied volatility from options markets suggests a potential 13.59% price movement in either direction—substantially higher than the stock’s typical 4.65% post-earnings reaction. Market participants are particularly interested in management commentary regarding the Neutron rocket initiative, which is projected to achieve its inaugural launch during late 2026 or early 2027. The company maintains an impressive $1.85 billion order backlog, though its valuation sits at a premium 46x forward price-to-sales ratio compared to the sector’s 11.64x average. Rocket Lab (RKLB) is scheduled to unveil its Q1 2026 financial performance following today’s market close on May 7. The stock currently trades at $84.65, reflecting a 7.5% gain from Wednesday’s close—marking an impressive 25% climb over the trailing month.

Rocket Lab USA, Inc., RKLB

Analyst consensus points to an anticipated loss of $0.07 per share for the quarter, demonstrating substantial improvement compared to the $0.12 per share deficit reported during Q1 2025. Revenue projections cluster around $189–$191 million, indicating year-over-year expansion surpassing 50%.

While profitability remains elusive, the company’s accelerating growth momentum continues to attract investor attention.

The options market is pricing in a significant 13.59% potential move following the earnings release. This expectation dramatically exceeds the stock’s historical average post-announcement movement of merely 4.65%, signaling that traders view this report as particularly consequential.

Rocket Lab has successfully exceeded earnings expectations in only one of its last four quarterly reports, falling short in the remaining three—producing an average earnings surprise of 4.29%.

Neutron Rocket Development Takes Center Stage Beyond standard financial metrics, investor attention is firmly fixed on the Neutron rocket program. This 43-meter partially reusable launch vehicle is engineered for satellite deployment and cargo transport missions.

Successful deployment in late 2026 or early 2027 would position Rocket Lab as a legitimate challenger to SpaceX’s Falcon 9 platform—a market segment offering substantially enhanced profit margins.

Management’s commentary regarding Neutron’s development progress and launch schedule will be scrutinized carefully by market participants.

The Q1 financial results may also showcase the initial impact of two strategic acquisitions—Optical Support, Inc. (OSI) and Precision Components Limited (PCL). Both transactions are anticipated to have enhanced the company’s defense contracting and satellite production operations.

Order Backlog and Profitability Metrics Under Scrutiny Rocket Lab concluded Q4 2025 with an unprecedented $1.85 billion order backlog. Management projects approximately 37% of this pipeline will translate into revenue within the coming year—though supply chain dependencies introduce uncertainty that could postpone revenue recognition.

GAAP gross margin registered at 34.4% throughout 2025. Shareholders will be monitoring whether this metric demonstrates improvement, particularly as substantial research and development expenditures alongside Neutron program investments continue exerting pressure on profitability.

The company commands a substantial valuation premium at 46x forward price-to-sales, dramatically exceeding the industry benchmark of 11.64x.

This elevated multiple leaves minimal margin for disappointment. Additionally, trailing twelve-month return on invested capital (ROIC) remains in negative territory—indicating that current capital deployments have yet to generate adequate returns.

According to TipRanks analysis, RKLB maintains a Moderate Buy consensus rating supported by 9 Buy recommendations and 4 Hold ratings issued over the previous three months. The mean analyst price target stands at $89.00, suggesting approximately 5.14% potential upside from present trading levels.

SpaceX Shares Dip Below IPO Price, Valuation Falls Below $2 Trillion

The Quantum Post Debuts in Lisbon: A Talk Show Bridging Technology, Humanity, and the Future

Meme coins often mirror the emotional extremes of market cycles, whether bullish or bearish. However, according to prominent analyst Murad Mahmudov, the success of these projects hinges significantly on their community support.

Currently, the market capitalization of meme coins shows a modest increase of 0.1%, standing at $41.48 billion. Leading this sector are Dogecoin, Shiba Inu, Pepe, Dogwifhat, Bonk, and Floki, each enjoying a strong and loyal following.

Meme coins, like memes themselves, have unpredictable lifespans and attract speculative investors, often referred to as “Degens.” These investors seek rapid profits, quickly selling off their assets and moving on to the next trend or narrative.

According to Mahmudov, the aesthetics and ticker symbol play crucial roles in a project’s development. He notes that the meme itself only contributes about 30% to a coin’s success. The remaining 70% hinges on the strength of its community. Without an active and engaged following, even the most cleverly designed meme coin is likely to fade into obscurity.

“When you’re buying Memecoins you are, first and foremost, betting on People,” he wrote.

Read more: What Are Meme Coins?

Meme coins have recorded a meteoric rise in the crypto arena, fueled by whimsical branding, viral marketing, and passionate online communities. These factors have captivated retail investors, who are drawn to the blend of humor and speculative opportunity.

Despite their lighthearted image, the success of meme coins hinges on a crucial balance between community engagement and solid project fundamentals. Whether driven by savvy investors or enthusiastic supporters, the community remains the most critical asset for these projects.

“Meme Popularity” doesn’t immediately translate to “Memecoin Market Cap”; otherwise, Wojak, Skibidi, and Hammy would be trading in the Billions already. It’s clearly more complicated than that. Meme Popularity is just one of ~50 factors to consider,” the analyst added.

Indeed, the collective belief of community members, their efforts to promote the coin, and their defense against skeptics create a strong sense of unity and momentum, which are vital for a coin’s success.

Crypto executive Justin Sun highlights the importance of capturing public attention but places even greater value on genuine community engagement. He looks beyond follower counts, focusing on the depth of interaction and support before making investment decisions.

“I will check on the real social engagement. Are those likes real, or it’s just general bullshit? Do they have lots of influence, and the people really believe them? Also, I will see the founders, see their material, and see the memes they made and the videos they made. I will see if this is the right video and the right social engagement,” Sun elaborated during a discussion on the Crypto Banter YouTube channel.

Many projects in this sector fail due to weak or non-existent community support. According to BeInCrypto, a mere 15 out of 1.7 million meme coins succeed, translating to a success rate of just 0.0001%.

Pump.Fun Coins Success Ratio. Source: NewtonEinsteinAs Mahmudov stresses out the importance of community, the crypto market remains divided between Tron’s SunPump and Solana’s Pump.fun. Although SunPump entered the market recently, it quickly outpaced competitors like Moonshot, which rivaled Pump.fun.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

However, the sector grapples with a persistent issue: rug pulls and scam tokens. These practices, where creators withdraw funds and abandon investors, continue to create unease, further eroding trust in the crypto industry.

TORONTO, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Wojak ($WOJAK) , one of the most iconic and widely recognized memes in internet culture, has officially launched on the Solana blockchain. Known globally as the “Feels Guy,” Wojak is a foundational cultural figure whose broad emotional expression has defined online communities for over a decade. The new $WOJAK token introduces this enduring cultural symbol to the rapidly expanding, high-throughput Solana ecosystem.

A Cultural Icon Enters Modern Infrastructure

Wojak is an MS Paint-style illustration used to convey a wide spectrum of human emotions—from melancholy and reflection to triumph, nostalgia, and shared community sentiment. Its versatility has led to significant evolution; a search for “Wojak” online produces more than 200 catalogued variations, transforming the character into a truly universal language for the internet.
With the launch of $WOJAK on Solana, the character moves from a cultural icon into a blockchain asset, entering an environment known for its high throughput, near-instant confirmations, and low-cost transactions. This technical combination positions the project for rapid community growth and scalable adoption.

The Advantage of Solana

Solana has established itself as one of the leading ecosystems for community and meme-driven projects, primarily due to its infrastructure's ability to handle high transaction volumes and micro-transactions efficiently. For a widely referenced meme like Wojak, Solana’s foundation provides the ideal environment for viral expansion and trading activity, with significantly reduced friction compared to slower or more expensive networks.

For years, Wojak has been embedded in forums, social media, and crypto communities, frequently reflecting market sentiment in a way few other memes can. The image has been adapted into numerous variations—including Doomer Wojak, Zoomer Wojak, NPC Wojak, and Based Wojak—each representing its own subculture and emotional context.

Project Objectives

The introduction of $WOJAK on Solana achieves two key objectives for this digital expression:

Preservation: Placing a foundational internet meme on an immutable ledger.Community Building: Allowing global communities to build new utilities, artworks, and tokenized experiences around a universally understood character.The $WOJAK initiative aims to combine the cultural longevity of the meme with Solana’s growing influence in the market. The project's vision centers on accessibility, decentralization, and community involvement, leveraging the familiarity of the Wojak symbol to create a new digital asset that resonates with both long-time internet users and new participants in the Solana environment.

About Wojak ($WOJAK)

Wojak ($WOJAK) is a Solana-based token inspired by one of the internet’s most enduring and versatile memes. Built for cultural relevance and long-term community engagement, $WOJAK aims to bring the broad emotional language of the Wojak character into the blockchain space. The project emphasizes open participation, decentralized ownership, and seamless user experience enabled by Solana’s high-performance architecture.

Twitter (X): https://x.com/wojakonx

Telegram: https://t.me/Wojak8J69

Website: https://wojakmeme.org/

CMC: https://coinmarketcap.com/currencies/wojak-sol/

CoinGecko: https://www.coingecko.com/en/coins/wojak-4

MEDIA CONTACT

Contact Person: Alex Blinko
Company: Wojak
Email: [email protected]
Website: https://wojakmeme.org/

Disclaimer: This content is provided by Wojak. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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With the broader crypto market down by 3% in the past 24 hours, Celestia has been washed away by the bearish tide. According to CoinGecko, TIA, Celestia’s native toke, is down over 18% since last week, putting more pressure on the exhausted bulls as the bears eye more downward breakthroughs.

Despite its native token’s downward trajectory, Celestia continues to innovate, keeping the bullish narrative alive. The question is if it is enough for a recovery of TIA in the long term. 

Zaar Announces Sudoswap Launch On The Platform Zaar, an NFT-focused organization, recently posted that SudoSwap, an automated market maker protocol specifically built for NFTs, will launch on its native blockchain as soon as it launches its mainnet. The Zaar blockchain is built on Initia using the toolkit of Celestia. Although the latter is in a background role for the project, it still shows that the broader crypto community still regards Celestia as reliable. 

We’re excited to announce that @sudoswap will be launching on Zaar Chain on Day 1 along with our mainnet.

We’re excited to be powering the first NFT marketplace on @initiaFDN with @CelestiaOrg underneath.

Study The Fun Network.

💊🦴✨🔁 pic.twitter.com/GdcaNo8c24

— Zaar 💊 (@zaar_gg) August 20, 2024

Keeping this in mind, Celestia’s involvement with an NFT project might just be great timing. 

Although market interest in NFTs has faded ever since, some movement within the market. Just recently, the CryptoPunks collection led the NFT surge with over $825,000 in sales along with the offloading of CryptoPunks #5822 for an undisclosed amount. 

These small but big movements might spark interest in NFTs once again, pushing them from niche to mainstream. But before that can happen, development in the NFT space should continue as it recovers from lost retail interest. 

TIA is currently trading at $5.002. Chart: TradingView TIA Trading On Sustainable Price Range As of writing, the token is trading right between $4.8 and $5.9, keeping the bears from any possible breakthrough in the short to medium term. 

This trading range gives the bulls a strong and reliable jumping-off point in the coming days. At its current price point, accumulation should be the focus of the bulls in the next few weeks. However, TIA’s momentum is highly correlated with the swings of the broader market, making it susceptible to any change in the market’s sentiment. 

As of press time, TIA investors and traders are still bullish on the token’s future performance despite the extreme slip that occurred in its market. If this sentiment continues and investors rightly weigh in on the developments inside Celestia, we might see a reattempt to take lost ground above the $5.8 ceiling. 

If the $5.8 ceiling is broken, TIA has the potential to regain $6.3 in the long term. Patience, then, is the greatest weapon investors and traders should have in this situation. With only a slight dip in the market and a bullish investor base, TIA will have enough momentum to make breakthroughs soon. 

Featured image from 01node, chart from TradingView

Obyte marks its ninth anniversary with new governance, DeFi apps, and a virtual city built on its DAG-based, fully decentralized crypto network.

Summary

Obyte’s DAG-based network now runs full on-chain governance, letting GBYTE holders vote on upgrades and select Order Providers that keep the DAG synchronized.​ 2025 milestones include CariPower’s election as first community Order Provider and the launch of Obyte City, a virtual grid where plots and houses are governed on-chain.​ The roadmap adds Obyte Friends for social rewards plus new DeFi, social apps, and sidechains, expanding Obyte’s ecosystem beyond core payments and token tools.​ Obyte, a decentralized cryptocurrency network, reached its ninth anniversary on December 25, 2025, marking nine years since its launch as Byteball in 2016, according to the project’s official blog.

Obyte develops new ecosystem The platform has expanded its ecosystem in 2025 with new community-focused applications and governance structures, the blog stated.

Obyte operates on a directed acyclic graph (DAG) architecture and offers multiple decentralized tools, including ODEX for token swaps, Oswap.io for liquidity provision, and the Counterstake Bridge for cross-network asset transfers. The platform also supports trading on centralized exchanges including NonKYC.io and Biconomy.

The network’s infrastructure includes Autonomous Agents, smart contracts, attestations, private tokens, and token creation capabilities. Additional features include Prophet for prediction markets, Kivach for open-source project donations, and Pythagorean Perpetual Futures for advanced trading.

In late 2024, Obyte implemented a major network upgrade introducing full on-chain governance, allowing GBYTE token holders to participate in network decisions through a dedicated governance site, according to the announcement.

In March 2025, the network selected its first Order Provider through decentralized community voting. Order Providers operate public nodes that send periodic transactions to maintain DAG synchronization, though they cannot approve, block, or censor transfers, the blog explained.

CariPower, a renewable energy company based in the Caribbean, became the first Order Provider selected through on-chain governance after receiving over 31,000 GBYTE votes. The company has stated plans to explore distributed ledger applications for peer-to-peer energy markets and infrastructure.

In June 2025, Obyte launched Obyte City, a virtual environment where users can purchase plots on a digital grid. The system assigns random coordinates to purchased plots, and when two unbuilt plots are positioned adjacently, both owners receive a house and two additional plots by connecting through Discord or Telegram, according to the platform description.

Plots are priced in CITY tokens, which are tradeable on Oswap.io. The City operates through Autonomous Agents on the Obyte DAG, with limited settings adjustable through on-chain governance by plot owners.

The project announced plans to launch Obyte Friends, described as a community engagement platform that will reward users for daily social interactions and promoting the network. Additional decentralized finance applications, social systems, and sidechains are planned for 2026, the blog stated.

Crypto drainers now sold as easy-to-use malware at IT industry fairs

Web3 platform Aventus and Airport Perishables Handling (APH) have conducted research at Heathrow Airport that shows airlines can save up to 7% in cargo handling operations by adopting Web3 solutions, as per the latest updates shared with Finbold on August 7.

Aventus’ Web3 solutions brings major enterprises and airlines to Polkadot (DOT), showcasing not only the transformative power of blockchain technology but also the expansiveness of the DOT ecosystem.

Solving the issues of manual data inputs with Blockchain For three decades now, global ULD (Unit Load Device) management has relied on manual data inputs.

This leads to data visibility, accuracy, and information sharing issues, as well as losses and delays, which cost airlines over $1.6 billion every year.

Blockchain technology offers a solution to these problems, enabling immutable, tamper-proof records, reducing disputes, and helping meet regulatory standards. 

Moreover, it automates various processes through self-executed smart contracts, which minimizes administrative overhead and errors. 

Finally, it provides real-time visibility into ULD location, custody, and condition.

Aventus’ blockchain-based cargo handling solution The study conducted at Heathrow Airport revealed that Aventus’ blockchain-based cargo handling solution enhances data visibility, accuracy, and operational efficiency. 

Among the key improvements found was a 90% reduction in communication and error incidents thanks to digitized data capture. 

Likewise, manual documentation saw an 83% decrease, while ULD stock update time was cut from 3-4 hours to just 30 minutes. 

Additionally, loading times were reduced by 28% due to optimized ULD loading workloads.

The importance of the Aventus study Alan Vey, Aventus founder, commented on the findings, stating:

“These results are truly remarkable, underscoring the transformative potential of blockchain for not only the aviation industry but for supply chains globally. We are proud to be empowering enterprises to enhance data accuracy, reduce operational inefficiencies, and achieve greater transparency. As we expand our partnerships across North America, Europe, the Middle East and Asia, we anticipate these results to only improve via network effects.”

Michelle Roosevelt, Director at Aviation Perishables Handling, turn praised Aventus’ technology, stating: 

 “Aventus’ technology is fast and responsive, which is key in our busy airport environment. We’ve seen huge improvements in productivity. The app is more than a tool — it’s reshaped how we manage and track our aircraft containers, and the Aventus team’s support and expertise in meeting our needs has been outstanding.”

Aventus’ aviation solution brings major enterprises into the Polkadot ecosystem, including Aviation Perishables Handling at Heathrow Airport, Vodafone’s Digital Asset Broker, and other airlines across Asia and the Middle East.

Aventus Supply Chain Solution believes in the capacity of blockchain to revolutionize the aviation industry. Furthermore, Aventus considers Polkadot as a major protocol that holds the required solution for the industry at this time. Markedly, Aventus is an industry-leading provider of end-to-end Web3 solutions for enterprises and parachains on Polkadot.

Blockchain Technology Can Fix Global ULD Management Challenges Aventus and Airport Perishables Handling (APH) recently conducted a joint study at Heathrow Airport to give credence to the aforementioned argument. The Web3 solution provider found that its end-to-end blockchain-based cargo handling solution holds the capacity to bring significant improvements to data visibility, accuracy, and operational efficiency within the cargo handling sector.

Following the study, the firm concluded that the use of Web3 solutions could help airlines save up to 7% in their cargo handling operations. For the longest time, the same set of tools is utilized for global Unit Load Device (ULD) management. A large chunk of these existing tools requires manual inputs which is tedious and time-consuming.

In the long run, other challenges showed up bordering on data visibility and accuracy, secure information sharing, and costly ULD losses, damages and delays. At the end of the year, these airlines have operation costs running as high as $1.6 billion, at least in the case of Heathrow Airport.

With blockchain and Web3 solutions, most of these drawbacks become history. Based on the study conducted and existing use of blockchain technology, Aventus came to the conclusion that its solution can enable immutable, tamper-proof records that provide a single source of truth. This mitigates or totally eliminates the occurrence of disputes and improves regulatory compliance.

Also, the use of blockchain reduces administrative overhead and minimizes errors by automating manual processes via self-executing smart contracts. Additionally, it facilitates real-time visibility into ULD location, custodianship, and condition while streamlining data sharing to enable airlines to optimize operations.

Blockchain in Aviation Industry to Safe Cost To put figures to these touted capacity of blockchain, Aventus noted that the potential integration of this solution will bring 90% reduction in communication and error incidents as a result of digitized data capture.

This is in addition to an 83% reduction in manual documentation time, an 81% reduction in time between ULD stock updates from 3-4 hours to just 30 minutes, enabling real-time decision-making; and a 28% reduction in loading times as a result of optimized ULD loading workloads.

“These results are truly remarkable, underscoring the transformative potential of blockchain for not only the aviation industry but for supply chains globally,” Aventus founder Alan Vey said. “We are proud to be empowering enterprises to enhance data accuracy, reduce operational inefficiencies, and achieve greater transparency.”

The Polkadot chain is lauded as one of the biggest enablers of crucial innovations. Its ability to drive massive adoption of blockchain solutions is widely talked about. Generally, there is a growing adoption of blockchain solutions across several sectors, ranging from sports, supply chain management, entertainment, finance, tokenization, and even Artificial Intelligence (AI).

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.

Polkadot (DOT) News, Blockchain News, Cryptocurrency News, News

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

Aventus Supply Chain Solution Demonstrates Polkadot’s Impact on Aviation Inudstry

London, United Kingdom, October 22nd, 2024, Chainwire

Aventus, a leading provider of enterprise blockchain solutions and parachain on Polkadot, today confirms the launch of Aventus 2.0, an evolution of the Aventus Network aimed at establishing a stronger foundation for long-term growth and value capture. 

The update introduces several strategic initiatives designed to enhance network performance and stakeholder utility, including increasing transaction volume and overall network usage, expanding the ecosystem through successful partnerships with Layer 3 appchains, enhancing token holder engagement via a liquidity mining program, and reducing token supply via a burn mechanism. 

The vision for Aventus 2.0 was developed by MVP Workshop, a Blockchain Product Research & Development Studio who designed Polygon Edge and Astar Network, in collaboration with Scytale Digital and the Aventus Services team.

Following the approval of a community governance proposal in which AVT token holders voted in favour of executing this vision, the Aventus Services team will implement the Aventus 2.0 plan over the next four months. This process underscores Aventus’s commitment to stakeholder-driven decision-making, ensuring that major network decisions are made through community consensus.

Aventus 2.0 comprises three main components: 

A Layer 3 appchain model, whereby enterprises are able to operate on the Aventus Network and benefit from the security, scalability, interoperability and decentralised infrastructure offered by the Aventus ecosystem. A liquidity mining program on Uniswap, including a custom user-friendly dApp, to enhance token holder engagement. Appchains are also able to request grants from Aventus community treasury and launch their own liquidity mining programs to drive liquidity for their own tokens, contributing a portion of their token supply and network fees to the Aventus treasury to support the broader Aventus ecosystem and its development.   A new collator rewards mechanism to ensure a secure and efficient Aventus Network, alongside an automatic burn mechanism for a portion of gas fees to reduce the overall supply of AVT tokens in circulation. Alan Vey, Founder at Aventus, commented: “Aventus 2.0 builds on important learnings from existing Aventus Network clients as well as the invaluable expertise of our partners at MVP Workshop & Scytale Digital, and represents a significant milestone in our journey to enhance the Aventus Network’s capabilities and deliver greater value to stakeholders.”

The appchain model is already seeing traction, with existing users of the Aventus Network having recently launched their own Aventus Layer 3 appchains.

Barry Helfrich, CIO at Enigmatic Smile, adds: “We needed the Voucher Ledger solution to be secure, fast and stable enough to process the discounts collected by hundreds of millions of users in our rewards ecosystem — no small feat, but Aventus has helped us build such a solution. The team has been helpful, professional and responsive throughout the process. We’re looking forward to continuing our long-standing relationship with them.”

The updated network will provide enhanced functionality and improved user experiences, positioning the Aventus Network as a trusted leader in enterprise blockchain solutions and key contributor to enterprise use cases within the Polkadot ecosystem.

About Aventus

Aventus transforms how customers create trust and unlock growth, crafting pioneering Web3 solutions for brands, from creating more connected, integrated experiences to enhancing traceability, transparency, and product authentication. Founded in 2020, Aventus is the only trusted digital product extension platform that provides a secure and reliable Web3 environment for customers to launch market-leading programs and product activations. 

With deep industry expertise and a strong understanding of enterprise needs, Aventus delivers one the best feature sets of Web3 with the familiarity of Web2, driving significant brand reputation, trust, and enterprise growth for its customers. Its production-ready, end-to-end Blockchain-as-a-Service software is modular, scalable, and interoperable, giving clients the flexibility they need to respond to rapidly-evolving market opportunities.

For more information, users can visit: www.aventus.io, and also their X, LinkedIn and Telegram.

Contact Head of Marketing
Ellie Hyman
Aventus
[email protected]

Aventus Network Confirms Launch of Aventus 2.0, Key to Driving Enterprise Use Cases to Polkadot

October 22, 2024 – London, United Kingdom

Aventus, a leading provider of enterprise blockchain solutions and parachain on Polkadot, today confirms the launch of Aventus 2.0 – an evolution of the Aventus Network aimed at establishing a stronger foundation for long-term growth and value capture. The update introduces several strategic initiatives designed to enhance network performance and stakeholder utility, including increasing transaction volume and overall network usage, expanding the ecosystem through successful partnerships with layer-three appchains, enhancing token holder engagement via a liquidity mining program and reducing token supply via a burn mechanism.

The vision for Aventus 2.0 was developed by MVP Workshop – a blockchain product research and development studio who designed Polygon Edge and Astar Network – in collaboration with Scytale Digital and the Aventus Services team.

Following the approval of a community governance proposal in which AVT token holders voted in favor of executing this vision, the Aventus Services team will implement the Aventus 2.0 plan over the next four months.

This process underscores Aventus’s commitment to stakeholder-driven decision-making, ensuring that major network decisions are made through community consensus.

Aventus 2.0 comprises three main components.

A layer-three appchain model, whereby enterprises are able to operate on the Aventus Network and benefit from the security, scalability, interoperability and decentralized infrastructure offered by the Aventus ecosystem. A liquidity mining program on Uniswap, including a custom user-friendly DApp (decentralized application), to enhance token holder engagement. Appchains are also able to request grants from Aventus community treasury and launch their own liquidity mining programs to drive liquidity for their own tokens, contributing a portion of their token supply and network fees to the Aventus treasury to support the broader Aventus ecosystem and its development. A new collator rewards mechanism to ensure a secure and efficient Aventus Network, alongside an automatic burn mechanism for a portion of gas fees to reduce the overall supply of AVT tokens in circulation. Alan Vey, founder of Aventus, said,

“Aventus 2.0 builds on important learnings from existing Aventus Network clients as well as the invaluable expertise of our partners at MVP Workshop and Scytale Digital, and represents a significant milestone in our journey to enhance the Aventus Network’s capabilities and deliver greater value to stakeholders.”

The appchain model is already seeing traction, with existing users of the Aventus Network having recently launched their own Aventus layer-three appchains.

Barry Helfrich, CIO at Enigmatic Smile, said,

“We needed the Voucher Ledger solution to be secure, fast and stable enough to process the discounts collected by hundreds of millions of users in our rewards ecosystem – no small feat – but Aventus has helped us build such a solution.

“The team has been helpful, professional and responsive throughout the process. We’re looking forward to continuing our long-standing relationship with them.”

The updated network will provide enhanced functionality and improved user experiences, positioning the Aventus Network as a trusted leader in enterprise blockchain solutions and key contributor to enterprise use cases within the Polkadot ecosystem.

About Aventus Aventus transforms how customers create trust and unlock growth, crafting pioneering Web 3.0 solutions for brands, from creating more connected, integrated experiences to enhancing traceability, transparency and product authentication.

Founded in 2020, Aventus is the only trusted digital product extension platform that provides a secure and reliable Web 3.0 environment for customers to launch market-leading programs and product activations.

With deep industry expertise and a strong understanding of enterprise needs, Aventus delivers one the best feature sets of Web 3.0 with the familiarity of Web 2.0, driving significant brand reputation, trust and enterprise growth for its customers.

Its production-ready, end-to-end BaaS (blockchain-as-a-service) software is modular, scalable and interoperable, giving clients the flexibility they need to respond to rapidly-evolving market opportunities.

For more information, users can visit the links below.

Website | X | LinkedIn | Telegram

Contact Ellie Hyman, head of marketing at Aventus

 

Aventus Introduces Blockchain Factory for Effortless Enterprise Blockchain Adoption

London, United Kingdom, November 27th, 2024, Chainwire

Innovative platform enables businesses to deploy tailored, scalable and integrated blockchain networks with ease and efficiency in as little as two weeks.

Aventus, a leader in enterprise blockchain technology and parachain on Polkadot, today announces the launch of its Blockchain Factory: a platform designed to help businesses deploy bespoke blockchain networks with advanced features and seamless integration into existing systems. 

The Blockchain Factory aims to make blockchain adoption more accessible, offering a streamlined, flexible solution for organisations exploring the potential of Web3 technologies including blockchain and tokenisation. 

Designed to meet the diverse needs of medium to large enterprises, the Blockchain Factory offers a range of advanced capabilities:

Streamlined deployment: Custom blockchain networks can be set up within two weeks using automated processes alongside custom configurations for specific requirements. Scalability and reliability: Networks support up to 20 operational nodes and 50,000 light nodes, providing enhanced decentralisation and security. Enhanced network integrity: A dynamic consensus mechanism ensures all nodes contribute to the network’s decentralisation and utility. Custom tokenisation and rewards: Capabilities for each network to issue its own token, and reward systems to encourage network participation. Interoperability: Enable bridging of tokens to Ethereum with a user-friendly front-end. User accessibility: Developer-friendly features, including a Gateway API and blockchain explorer, ensure seamless integration and usability.  The Blockchain Factory ensures networks are not only easy to deploy but also practical to maintain, providing businesses with the necessary user-friendly tools, including a white-label wallet, an intuitive API, and a blockchain explorer, all designed to make blockchain accessible to both developers and end-users.

Aventus Services – the commercial arm of the Aventus ecosystem – will also offer advisory services for scoping, as well as dedicated support for integration, testing, and post-deployment optimisation for the blockchain networks, which will be deployed as layer 3 (L3) appchains on the Aventus Network. 

For not only the Aventus Network but for the broader Polkadot ecosystem, Aventus L3 appchains contribute significantly to driving network utility and increasing transaction volumes. Additionally, each appchain will pay ongoing token reward fees into the Aventus Network community treasury, further enhancing its sustainability.

Alan Vey, Founder of Aventus Network and CEO of Aventus Services, highlights the importance of lowering barriers to blockchain adoption: “The Blockchain Factory represents a significant step forward in making blockchain technology practical and achievable for businesses. By offering a fast, tailored, and scalable approach, we empower organisations to focus on their goals while benefiting from the security and flexibility of blockchain. At Aventus, our mission is to remove the complexity from blockchain adoption, ensuring businesses of all sizes can unlock its full potential with confidence and ease.”

About Aventus

Aventus is an enterprise blockchain solution provider dedicated to delivering secure, scalable, and user-friendly blockchain technology. With a focus on operational excellence and a commitment to adding value, Aventus empowers businesses to leverage blockchain for long-term growth and value creation. Founded in 2020, Aventus offers production-ready, end-to-end Blockchain-as-a-Service software that is modular, scalable, and interoperable, enabling clients to respond to rapidly evolving market opportunities.

For more information, visit:

Website: www.aventus.io

Twitter: https://x.com/aventusnetwork

LinkedIn: https://www.linkedin.com/company/aventusnetwork/

Telegram: t.me/Aventus_Official

Contact Head of Marketing
Ellie Hyman
Aventus
[email protected]

November 27, 2024 – London, United Kingdom

Innovative platform enables businesses to deploy tailored, scalable and integrated blockchain networks with ease and efficiency in as little as two weeks. Aventus – a leader in enterprise blockchain technology and parachain on Polkadot – today announces the launch of its Blockchain Factory – a platform designed to help businesses deploy bespoke blockchain networks with advanced features and seamless integration into existing systems.

The Blockchain Factory aims to make blockchain adoption more accessible, offering a streamlined, flexible solution for organizations exploring the potential of Web 3.0 technologies including blockchain and tokenization.

Designed to meet the diverse needs of medium-to-large enterprises, the Blockchain Factory offers a range of advanced capabilities, including the following.

Streamlined deployment – Custom blockchain networks can be set up within two weeks using automated processes alongside custom configurations for specific requirements. Scalability and reliability – Networks support up to 20 operational nodes and 50,000 light nodes, providing enhanced decentralization and security. Enhanced network integrity – A dynamic consensus mechanism ensures all nodes contribute to the network’s decentralization and utility. Custom tokenization and rewards – Capabilities for each network to issue its own token, and reward systems to encourage network participation. Interoperability – Enable bridging of tokens to Ethereum with a user-friendly front end. User accessibility – Developer-friendly features, including a Gateway API and blockchain explorer, ensure seamless integration and usability. The Blockchain Factory ensures networks are not only easy to deploy but also practical to maintain, providing businesses with the necessary user-friendly tools – including a white-label wallet, an intuitive API and a blockchain explorer – all designed to make blockchain accessible to both developers and end users.

Aventus Services – the commercial arm of the Aventus ecosystem – will also offer advisory services for scoping, as well as dedicated support for integration, testing and post-deployment optimization for the blockchain networks, which will be deployed as layer-three appchains on the Aventus Network.

For not only the Aventus Network but for the broader Polkadot ecosystem, Aventus layer-three appchains contribute significantly to driving network utility and increasing transaction volumes.

Additionally, each appchain will pay ongoing token reward fees into the Aventus Network community treasury, further enhancing its sustainability.

Highlighting the importance of lowering barriers to blockchain adoption, Alan Vey, founder of Aventus Network and CEO of Aventus Services, said,

“The Blockchain Factory represents a significant step forward in making blockchain technology practical and achievable for businesses.

“By offering a fast, tailored and scalable approach, we empower organizations to focus on their goals while benefiting from the security and flexibility of blockchain.

“At Aventus, our mission is to remove the complexity from blockchain adoption, ensuring businesses of all sizes can unlock its full potential with confidence and ease.”

About Aventus Aventus is an enterprise blockchain solution provider dedicated to delivering secure, scalable and user-friendly blockchain technology.

With a focus on operational excellence and a commitment to adding value, Aventus empowers businesses to leverage blockchain for long-term growth and value creation.

Founded in 2020, Aventus offers production-ready, end-to-end BaaS (blockchain-as-a-service) software that is modular, scalable and interoperable, enabling clients to respond to rapidly evolving market opportunities.

For more information, visit the links below.

Website | X | LinkedIn | Telegram

Contact Ellie Hyman, head of marketing at Aventus

 

BlackRock Gains FCA Approval as a Crypto Asset Firm in the UK

The entity behind the WazirX exploit has liquidated a good portion of its ill-gotten gains, which analysts have noted has had a major impact on some prices.

Alex Svanevik, CEO of blockchain analytics firm Nansen, pointed out on Twitter that the entity behind the hack of Indian exchange WazirX—suggested to be a North Korean hacking group—became the top Uniswap (UNI) seller. Nansen data for UNI shows that the address in question has sold $859,514 worth of the token over the last seven days.

The @WazirXIndia Exploiter is back on the move...

In the past hour, they've moved 21.16b $BOB ($800k) and some smaller holdings that have also been sold. And a further 6.7m $CHR ($1.6m), was sent to a separate address and was sold a few minutes ago

This is after the… pic.twitter.com/L0zPf8Id0O

— Nansen 🧭 (@nansen_ai) July 22, 2024

Similarly, the presumed North Korean hacker group also topped the sale charts for Chainlink (LINK) and The Sandbox (SAND). Nansen data shows that the hacker sold over $2.77 million of Chainlink and $1.6 million of SAND over the last seven days.

Later, the firm's main account sent a tweet saying that there's now only $5 million worth of funds left in the exploiter's wallet. The remainder is mostly comprised of Celer Network (CELR), Ooki (OOKI), and Frontier (FRONT).

Market reacts to WazirX hacker's sellingDespite this, according to CoinMarketCap data, Chainlink is trading at $14.16 after seeing a 2.57% gain over the last seven days. Similarly, The Sandbox is trading at $0.3371 after seeing 3.61% worth of gains over the last seven days. Uniswap is trading at $7.91 after trading in the red for most of the last seven days—even before the hack—and lost 6.1% over the last seven days.

The same cannot be said about Push Protocol (PUSH). The token has dropped 24% over both the last seven days and 32% in the last 24 hours. It's now trading at $0.1027 after rebounding 28% from its $0.08022 low reported earlier on Monday. Nansen data shows that the WazirX hacker wallet sold $529,167 worth of PUSH over the last da—with the next top seller only having sold $11,133, highlighting the low liquidity.

Push Protocol and The Sandbox 24-hour price chart. Source: CoinMarketCapPush Protocol & The Sandbox 24-hour price chart. | Source: CoinMarketCap

The difference in impact is to be largely attributed to the different levels of liquidity. Push Protocol has a market cap of under $6.2 million and a 24-hour volume of under $4.9 million as of press time.

Hi Push Community

As you may know, WazirX exchange has been the victim of a hack that exposed several coins, and unfortunately, PUSH as well. We have traced them to this address: https://t.co/NA2ObL7eM6 exploiter of the exchange has sold 100% of the reserve of PUSH tokens… pic.twitter.com/m43ec4TrME

— Push Protocol | Push Nodes SOON (@pushprotocol) July 22, 2024

Chainlink has a market cap of nearly $8.6 billion and a volume of over $421 million, whereas The Sandbox has $767 million and $69 million respectively. Uniswap has a market cap of $4.74 billion and a volume of nearly $158 million.

Edited by Stacy Elliott.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Key NotesWeb3 communications protocol Push is launching its native Layer-1 chain.The new chain is designed as a Proof-of-Stake chain with core developer tools.It is out in Devnet with mainnet expected next year. Web3-native communications startup Push Protocol is working on launching its Layer-1 blockchain, dubbed the Push Chain. As reported by The Block, it plans to develop the L1 to focus on chain abstraction and building Web3 applications with multichain accessibility. Ultimately, the Push Protocol will address the challenges of fragmented user experiences and scalability issues with the Push Chain.

Push Chain will introduce groundbreaking features to achieve these goals, such as the ability to do any chain transactions. It also plans to introduce a new model called Consumer transactions. Other features expected to come with the chain are wallet and gas fee abstraction, sharding, and sub-one-second transaction finality.

Push Protocol Pivots With Push Chain For a long time, the blockchain-based notifications project has operated as a communication protocol. It enables cross-chain notifications and messaging for Decentralized Applications (dApps).

This upcoming Proof-of-Stake (PoS) chain is a strategic shift from Push’s original form.

The entire notification and chat protocols will be merged into the Push Chain, turning these interactions into value-accruing transactions. The integration aims to ensure its continued status as the standard for Web3 communication while leveraging Push Chain’s scalability and innovation advantages.

Under its PoS consensus algorithm, the Push Chain will bridge EVM and non-EVM ecosystems.

In the long run, it will enable seamless transactions, liquidity bridging, and smart contract interoperability. According to a spokesperson for the project, the team “worked on building notification nodes for years and completed their implementation in January 2024.”

“It was during this journey that we realized our efforts to scale, unify web3, and enable seamless onboarding for an exceptional consumer experience could evolve into something far more impactful,” the Push spokesperson added.

Push Chain Plans For Phased Launch As part of its benefits, the Push Chain will serve as a common settlement layer for all the L1s and L2s.

If this is achieved, the resulting “universal smart contracts” will offer developers or users access to the state of a wallet on another chain. The chain’s initial testnet would be phased out, starting with the first in mid-January 2025. The mainnet will follow later in the year.

For now, the Chain is live on devnet. It includes tools and resources for developers, such as the Push Chain Whitepaper, Push Chain Knowledgebase, Push Scan Explorer, and Tx App.

The chain will pave the way for consumer-friendly apps like decentralized social platforms, gaming ecosystems, universal Decentralized Finance (DeFi), and cross-chain non-fungible token (NFT) marketplaces. By doing so, Push Chain could drive mass adoption of Web3. All the resources going into the development of the chain position it to form the infrastructure for on-chain AI.

For context, features like its shared state, fast finality, sharding, transaction payload size, and the ability to have users from any chain give Push Chain the capacity to support fast, multi-use AI use cases in Web3.

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.

Blockchain News, Cryptocurrency News, News

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

Decentralized protocol Prosper secures investment from BIT Mining as it expands its solution to include institutional-grade Bitcoin mining and liquidity farming.

Prosper, a decentralized protocol bridging Bitcoin (BTC) mining to the blockchain by providing hashrate-backed tokens representing live Bitcoin mining power, has announced that BIT Mining has made a strategic investment in its native token, PROS. In a blog announcement on Nov. 14, Prosper said the investment represents “another significant validation” of its thesis by institutional backers.

“This investment reinforces the credibility and viability of Prosper’s new strategic vision,” the investment vehicle stated.

The size of the deal was not disclosed. The latest funding comes just a week after Prosper also received an undisclosed “key investment” from Waterdrip Capital, a venture capital firm founded by Chinese blockchain-aimed entrepreneurs. At the time, Waterdrip also invested in Prosper’s PROS token. Following BIT Mining’s funding, PROS price gained 7%, soaring to $0.52.

Founded in 2021, Prosper is a decentralized protocol that leverages Bitcoin hashrate to unlock the full potential of the network by bridging institutional-grade mining power on-chain. The protocol allows PROS token holders to earn passive income through “limited-duration” staking reward campaigns.

In the future, to be eligible, PROS holders would need to engage in protocol governance by casting at least one vote every three months, either on BNB Chain (formerly Binance Smart Chain) or Ethereum.