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👉👉👉 SwapKit & Swing Partnership: A New Dawn for Cross-Chain #CryptoTrading In the dynamic realm of decentralized finance (#DEFI ), cross-chain technology is advancing, offering integrated solutions for users & developers. A notable breakthrough is SwapKit, an all-in-one SDK designed to streamline native cross-chain trading & DEX aggregation, enabling the creation of resilient, multi-chain decentralized applications (dApps). Swing's integration of SwapKit is a major milestone, improving liquidity across blockchain networks, particularly between Bitcoin & EVM-compatible chains. This collaboration streamlines cross-chain exchanges & boosts liquidity management in DeFi. Leveraging SwapKit, Swing now facilitates efficient #THORChain swaps, allowing direct exchanges between major EVM chains & Bitcoin, enhancing user trading experience. Swing CEO Viveik Vivekananthan stresses the strategic significance of this integration, underscoring its potential to empower Web3 developers with essential cross-chain liquidity tools seamlessly. The amalgamation of SwapKit with Swing's platform offers several advantages: 1. Enhanced Liquidity Access: Leveraging THORChain's liquidity pools via SwapKit enables developers to facilitate dynamic swaps between Bitcoin & various EVM chains, enhancing liquidity management & ensuring more competitive trading conditions for users. 2. Simplified Development Process: Swing's suite of tools, combined with SwapKit's capabilities, simplifies the development process for cross-chain dApps. Developers can seamlessly integrate sophisticated features without extensive technical overhead. 3. Seamless User Experience: The unified cross-chain user experience facilitated by Swing, enhanced by SwapKit's integration, ensures smooth interaction across different blockchain networks, fostering broader adoption of decentralized applications. The strategic alliance between Swing & SwapKit sets new standards in cross-chain liquidity & interoperability, driving growth & user engagement in the #Blockchain space. Source - blockchainreporter.net

👉👉👉 SwapKit & Swing Partnership: A New Dawn for Cross-Chain #CryptoTrading

In the dynamic realm of decentralized finance (#DEFI ), cross-chain technology is advancing, offering integrated solutions for users & developers. A notable breakthrough is SwapKit, an all-in-one SDK designed to streamline native cross-chain trading & DEX aggregation, enabling the creation of resilient, multi-chain decentralized applications (dApps).

Swing's integration of SwapKit is a major milestone, improving liquidity across blockchain networks, particularly between Bitcoin & EVM-compatible chains. This collaboration streamlines cross-chain exchanges & boosts liquidity management in DeFi. Leveraging SwapKit, Swing now facilitates efficient #THORChain swaps, allowing direct exchanges between major EVM chains & Bitcoin, enhancing user trading experience.


Swing CEO Viveik Vivekananthan stresses the strategic significance of this integration, underscoring its potential to empower Web3 developers with essential cross-chain liquidity tools seamlessly.

The amalgamation of SwapKit with Swing's platform offers several advantages:

1. Enhanced Liquidity Access: Leveraging THORChain's liquidity pools via SwapKit enables developers to facilitate dynamic swaps between Bitcoin & various EVM chains, enhancing liquidity management & ensuring more competitive trading conditions for users.

2. Simplified Development Process: Swing's suite of tools, combined with SwapKit's capabilities, simplifies the development process for cross-chain dApps. Developers can seamlessly integrate sophisticated features without extensive technical overhead.

3. Seamless User Experience: The unified cross-chain user experience facilitated by Swing, enhanced by SwapKit's integration, ensures smooth interaction across different blockchain networks, fostering broader adoption of decentralized applications.

The strategic alliance between Swing & SwapKit sets new standards in cross-chain liquidity & interoperability, driving growth & user engagement in the #Blockchain space.


Source - blockchainreporter.net

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💥💥💥 #shibaInu ($SHIB ) Jumps 4.28% in Unusual Price Recovery Stunt Shiba Inu (SHIB) is currently spearheading the #memecoin🚀🚀🚀 resurgence, having surged by 4.28% in the past 24 hours to $0.0000187, according to CoinMarketCap. This marks the coin's first significant price increase since June 7, indicating that its worst days may be behind it. Shiba Inu Metrics on the Rise - As Shiba Inu gains bullish momentum, various ecosystem metrics are also showing positive trends. The SHIB burn rate has seen a 44.67% increase, with a total of 17,259,834 SHIB sent to burn addresses. Additionally, whale transactions, tracked by IntoTheBlock, have jumped by 45.81% in 24 hours, reaching $139.36 million. This increase in whale accumulation is crucial for Shiba Inu's overall market health. Can SHIB Surpass the $0.00002 Resistance? - With these encouraging metrics, the Shiba Inu community is optimistic about the coin flipping the $0.00002 resistance level to establish it as a new support in the short term. The coin dipped below this level on June 17, part of a 24.7% decline over the past month. Overcoming this resistance could help SHIB recover more of its lost value in the near future. Leveraging Shiba Inu's Strengths - Shiba Inu has positioned itself as a bridge between meme coins and more traditional assets in terms of gains. While it can be highly volatile, it also shows resilience at times, a dual quality that could allow it to decouple from Bitcoin's influence in the long term, similar to XRP. The Shibarium utility boost and other native Shiba Inu metrics further drive demand for the token, enhancing its appeal. Overall, Shiba Inu's recent performance and metrics suggest a potentially positive outlook, with the possibility of reclaiming key resistance levels and driving future gains. Source - u.today #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
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🔥🔥🔥 Institutional #DEFI players will bring commercial real estate #Onchain : KPMG exec Institutional engagement in DeFi is evolving towards more controlled environments, according to Kunal Bhasin of KPMG. At the Toronto Collision Conference, Bhasin highlighted the growing interest among institutional investors in blockchain-tokenized shares of high-value commercial real estate, aiming to democratize ownership traditionally limited to deep-pocketed investors. He emphasized that while institutions value the efficiency of DeFi, they prioritize transparent participant identification and controlled transactions. Bhasin cited examples like #Bitfinex Securities facilitating asset raises for properties such as a Hampton by Hilton hotel in #elsalvador . Despite successes like the #BlackRock USD Institutional Digital Liquidity Fund, challenges remain in broader adoption due to reputational risks associated with fraud and scams prevalent in the crypto industry. Looking ahead, Bhasin predicted that financial institutions risk falling behind if they don't embrace crypto and digital assets, emphasizing the competitive advantage of early adoption. His insights highlight a shifting landscape where institutions cautiously explore DeFi while managing risks and leveraging tokenization to broaden ownership opportunities. Source - cointelegraph.com
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👉👉👉 What is zero-knowledge proofs? Understanding our digital shields Zero-Knowledge Proofs (ZKPs) are pivotal in safeguarding online identities, particularly within Web3, using cryptographic protocols to verify statements without divulging sensitive data. Originating from the 1980s, ZKPs by Goldwasser, Micali, and Rackoff underpin digital privacy in transactions and communications, extending into physical asset verification. In Web3, ZKPs uphold privacy in financial transactions by proving asset ownership without exposing full financial histories. They also secure identity verification across multiple chains, mitigating identity theft risks. In physical transactions like real estate or art, ZKPs authenticate ownership or attributes without disclosing personal details, enhancing trust and privacy. They also benefit healthcare by protecting sensitive information, such as verifying student disabilities while preserving privacy. ZKPs empower Web3 projects by enabling fair voting and token distribution without revealing identities, fostering democratic processes and preventing fraud. As ZKPs gain adoption across industries, they promise to fortify digital interactions against data breaches and identity theft, becoming essential in the Web3 ecosystem. Source - cryptobriefing.com #CryptoNews🔒📰🚫 #BinanceSquareTalks #Web3
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💥💥💥 Bitcoin ‘#Banana Zone’ is next if these 3 indicators play out Bitcoin is poised to enter the "Banana Zone," a phase characterized by potentially significant price increases, according to Julien Bittel from Global Macro Investor (GMI). This transition, coined by GMI founder Raoul Pal, signals a period of anticipated bullish momentum. However, analysts caution that several critical trends must reverse for a sustainable recovery: 1. Bitcoin Miner Selling: IT Tech from CryptoQuant highlights the need for decreased miner selling. Mining revenue has declined sharply since Bitcoin's peak at $73,679 in March, contributing to upward selling pressure. 2. Stablecoin Inflows: The absence of new #stablecoin issuances has reduced liquidity. Over two months, stablecoins held in exchange reserves dropped by nearly 10%, totaling $21.96 billion, impacting price stability. 3. Outflows from Spot #BitcoinETFs : Significant outflows from ETFs like Fidelity and Grayscale exacerbate selling pressure. Recent reports show substantial outflows, including $83.1 million from Fidelity and $62.3 million from Grayscale on June 18. Bitcoin's current trading price is $64,966, reflecting a 2.35% decline over the past month and a 12% drop from its March peak of $73,679. Altcoins like Solana ($SOL ), Dogecoin ($DOGE ), and Shiba Inu ($SHIB ) have faced steeper losses recently, declining 8.23%, 11.67%, and 16.31% respectively over the past week. While Bittel characterizes Bitcoin's recent price action as stagnant, suggesting a period of sideways movement, traders like Rekt Capital anticipate a potential price reversal with a break of the current downtrend line observed throughout June. Source - cointelegraph.com #CryptoTrends2024 #BinanceSquareTalks
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👉👉👉 Trader #JasonPizzino Says Solana and One Additional Altcoin Will Be First To Break Out Into New Highs This Year A well-regarded analyst predicts that altcoins demonstrating relative strength during the recent crypto downturn will be the first to reach new highs this year. Jason Pizzino, addressing his 108,800 followers on X, states that he is monitoring altcoins displaying bullish higher low setups. “Strong #Altcoins👀🚀 continue to hold their higher lows. If they maintain these levels, they will be the first to break out into new, fresh highs and/or all-time highs in the second half of 2024.” In a recent video update, Pizzino shared a list of altcoins that are performing better amid the market correction, highlighting two in particular. “I’ve got some stronger stuff… #Solana⁩ is definitely one of those… Pendle is also holding above its 50% retracement level, showing a reasonable weekly close above $5.60.” Pizzino suggests that the current decline in altcoin prices provides a prime opportunity for long-term investors to accumulate promising projects in anticipation of a rally later this year. He emphasizes that although deep drawdowns have occurred in the past, resilient altcoins typically experience substantial gains once market conditions improve. “It’s happened before. We got there in the end. Solana, I think, is a great one. If you don’t believe, look back at some of these charts that dropped 80% over four to six months… and then see how they have surged since then. And that surge can last quite a while.” Source - cointelegraph.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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