Binance Square
LIVE
LIVE
Cryptic Mind Trader
--2.1k views
Hi Guys, It's Big & Big #alert About $1.2 Trillion $BTC in Web3 !!! Web3 Teams Compete To Bring Restaking To $1.2T Bitcoin Ecosystem Developers are racing to leverage BTC to replicate Ethereum's booming restaking ecosystem. DeFi developers are competing to replicate the explosive growth generated by Ethereum’s restaking sector within the Bitcoin ecosystem. On May 20, BounceBit, a “CeDeFi’ Layer 1 network backed by Binance, the popular centralized exchange, published its roadmap for 2024. In the document, BounceBit said it plans to develop a “shared security client module” allowing third-party projects to utilize the liquidity deposited on the “BounceBit BTC restaking chain.” BounceBit celebrated its mainnet launch on May 13, claiming to have amassed a total value locked (TVL) of more than $1 billion after launching an incentivized early access phase on Jan. 30. The BounceBit chain is secured by users who stake both its native BB token and Bitcoin (BTC). BounceBit’s new roadmap seeks to expand on this with the introduction of restaking by allowing third-party protocols to harness its staking mechanism for security. BounceBit’s roadmap also includes improving BounceBit’s Ethereum Virtual Machine (EVM) execution, bolstering transaction throughput, and upgrading communication between its EVM and the Cosmos software development kit. Restaking boom Restaking was pioneered on Ethereum by EigenLayer. EigenLayer allows Ethereum stakers to earn additional yield by simultaneously pledging their stake to secure third-party actively validated services (AVSs) while also securing the Ethereum network. However, restakers incur additional slashing risks, meaning their stake will be diminished should delegated AVSs misbehave. EigenLayer has surged to become the second-largest DeFi protocol with a more than $15.3 TVL. The protocol’s growth was recently buoyed by the explosive rise of liquid restaking tokens (LRT) protocols, which reduce the technical barriers to participating in restaking and enable additional yield generation by allowing users to remain liquid.

Hi Guys,

It's Big & Big #alert About $1.2 Trillion $BTC in Web3 !!!

Web3 Teams Compete To Bring Restaking To $1.2T Bitcoin Ecosystem

Developers are racing to leverage BTC to replicate Ethereum's booming restaking ecosystem.

DeFi developers are competing to replicate the explosive growth generated by Ethereum’s restaking sector within the Bitcoin ecosystem.

On May 20, BounceBit, a “CeDeFi’ Layer 1 network backed by Binance, the popular centralized exchange, published its roadmap for 2024. In the document, BounceBit said it plans to develop a “shared security client module” allowing third-party projects to utilize the liquidity deposited on the “BounceBit BTC restaking chain.”

BounceBit celebrated its mainnet launch on May 13, claiming to have amassed a total value locked (TVL) of more than $1 billion after launching an incentivized early access phase on Jan. 30.

The BounceBit chain is secured by users who stake both its native BB token and Bitcoin (BTC).

BounceBit’s new roadmap seeks to expand on this with the introduction of restaking by allowing third-party protocols to harness its staking mechanism for security.

BounceBit’s roadmap also includes improving BounceBit’s Ethereum Virtual Machine (EVM) execution, bolstering transaction throughput, and upgrading communication between its EVM and the Cosmos software development kit.

Restaking boom

Restaking was pioneered on Ethereum by EigenLayer. EigenLayer allows Ethereum stakers to earn additional yield by simultaneously pledging their stake to secure third-party actively validated services (AVSs) while also securing the Ethereum network.

However, restakers incur additional slashing risks, meaning their stake will be diminished should delegated AVSs misbehave.

EigenLayer has surged to become the second-largest DeFi protocol with a more than $15.3 TVL. The protocol’s growth was recently buoyed by the explosive rise of liquid restaking tokens (LRT) protocols, which reduce the technical barriers to participating in restaking and enable additional yield generation by allowing users to remain liquid.

Αποποίηση ευθυνών: Περιλαμβάνει γνώμες τρίτων. Δεν είναι οικονομική συμβουλή. Ενδέχεται να περιλαμβάνει χορηγούμενο περιεχόμενο. Δείτε τους Όρους και προϋποθέσεις.
0
Εξερευνήστε τα τελευταία νέα για τα κρύπτο
⚡️ Συμμετέχετε στις πιο πρόσφατες συζητήσεις για τα κρύπτο
💬 Αλληλεπιδράστε με τους αγαπημένους σας δημιουργούς
👍 Απολαύστε περιεχόμενο που σας ενδιαφέρει
Διεύθυνση email/αριθμός τηλεφώνου
Σχετικός δημιουργός

Ανακαλύψτε περισσότερα από τον Δημιουργό

Hi Guys, It's Big & Big #alert About $UNI Price 20% Jumping !!! Uniswap price jumps 20% as UNI hints at massive breakout Uniswap price jumped more than 20% in 24 hours to trade at $10.99, its highest level since early April. A bullish outlook suggests increased buying pressure could push UNI towards highs of $15.40 reached in March. Uniswap price and the ETH ecosystem UNI is the native token of the leading DEX platform, likely one of the top beta plays around the spot Ethereum ETF approval. On Friday, Uniswap price defied marketwide consolidation, with the price of Ethereum (ETH) hovering above $3,700. As most altcoins looked to bounce off key support levels, UNI price rose more than 20% to touch a multi-week peak of $10.95. This comes as whales increasingly withdraw UNI from exchanges. According to on-chain details shared by Lookonchain on X, one such whale withdrew $1.96 million in UNI from Binance as price rose. Uniswap’s upside momentum has also strengthened amid the unveiling of ERC-7683. This new token standard is a collaboration between Uniswap Labs and Across Protocol and aims at streamlining cross-chain trading via a “unified framework for cross-chain intents systems.” UNI surges after Uniswap response to SEC Breaching the critical $10 mark also came amid a rising bullish sentiment around Uniswap’s regulatory outlook. Earlier this week, Uniswap Labs’ reiterated its readiness to fight the SEC’s potential lawsuit following a recent Wells Notice. According to Uniswap, the SEC is “wrong” in its assertions that the DEX platform is an unregistered securities exchange and broker-dealer. The allegation that UNI is a security is also wrong, with SEC’s theories around it “weak” Uniswap wrote in a response to the regulator. #EarnFreeCrypto2024 #FIT21 #Write2Earrn #MemeWatch2024
--
Hi Guys, It's Big & Big #alert About $BTC Whale Buy $1.34 Billion $BTC !!! First of All Follow MeX. Bitcoin Whales Buy $1.34 Billion In BTC In One Day – Is Return To $70,000 Imminent? The Bitcoin price made a run at its current all-time high of $73,737. While the momentum was not sufficient to push the premier cryptocurrency to a new record price, BTC still managed to cross the $70,000 level for the first time in over a month. Bitcoin’s price soon experienced a correction and currently sits below $70,000 despite the SEC’s eventual approval of the ETH ETF. However, the latest on-chain revelation suggests that the BTC price might resume its upward movement sooner rather than later. Can Whale Activity Drive BTC’s Price Recovery? In a recent post on the X platform, popular crypto pundit Ali Martinez shared that there has been significant buying activity amongst a certain class of large investors in recent days. This on-chain revelation is based on Santiment’s Balance of Whales, which tracks the total number of coins owned by whales holding between 1,000 and 10,000 BTC. According to data from Santiment, this class of large Bitcoin holders have bought more than 20,000 BTC (equivalent to a massive $1.34 billion) in the past day. This recent acquisition brings the balance of this class of whales to a whopping total of 4.96 million BTC. he timing of this purchase is interesting, considering its occurrence after the Bitcoin price dropped back to $67,000. Notably, Martinez said in his post that these whales are “buying the dip,” a term used to describe purchasing activity after an asset experiences a fall in price.  What’s more, this recent purchase by the whales might be a signal that the large holders and big players might know something about the BTC future price trajectory. As such, investors might want to keep an eye out for further movements, as they can lead to speculations and potential market shifts. #btc70k #EarnFreeCrypto2024 #BTC☀️ #Write2Earrn
--
Hi Guys, It's Big & Big #alert About $BTC #whales_game !!! Follow MeX. Ancient Bitcoin (BTC) Whales Reawakening Bitcoin network witnessing remarkable phenomenon The Bitcoin network is witnessing a remarkable phenomenon: the reawakening of ancient BTC whales. These entities, which have not moved their holdings for over a decade, are now resurfacing, contributing to a significant spike in on-chain activity.  This surge in activity among long-dormant Bitcoin addresses marks a significant trend in this current market cycle, reflecting an increase in the movement of old BTC holdings. According to Julio Moreno, the head of research at CryptoQuant, This current cycle has awakened more Bitcoin OG's than ever. The 10+ year-old Bitcoin spending indicator reached a record high of 3.7% in March, when Bitcoin traded near $70,000, Moreno added.  This cycle has awaken more Bitcoin OG's than ever. 10+ year-old #Bitcoin spending reached a record high of 3.7% in March, when Bitcoin was at $70K. Right now is at 2.5%. The % is the 30-day cumulative spending annualized of Bitcoin with more than 10 years-old. Interestingly, this indicator is currently at 2.5%, which represents the 30-day cumulative spending annualized of Bitcoin with more than 10 years old. This uptick is not far from the record high of 3.7% observed in March, signaling the resurgence of Bitcoin ancient whales.  The term "ancient whales" refers to the earliest adopters of Bitcoin, who mined or purchased the cryptocurrency when it was in its infancy and far less valuable than it is today. #EarnFreeCrypto2024 #Write2Earrn #btc70k
--
Hi Guys, It's Big & Big #alert About $PEPE Rally of 13% & Again Try to breaking #PEPEATH !!! Follow MeX. Pepe Coin Rallies 13% Amid Meme Coins Sector Recovery, Price Hits New ATH. Pepe coin price surged nearly 13% today, with the token hitting a new ATH. Although the meme coin encountered substantial selling pressure, it currently trades in the green Pepe coin, a renowned frog-themed meme cryptocurrency, has continued to defy the broader market sentiments of a price correction and has once again surged to unprecedented levels. PEPE has hit new ATH amidst the meme coins sector recovery, solidifying its position and garnering significant attention across the global crypto realm. With weekly gains of over 50%, followed by an over 100% price upswing recorded over the past month, the meme coin has emerged as a favorite on crypto market traders’ and investors’ radar. Here’s a brief report on the Pepe coin’s current market statistics Pepe Coin Bull Run: A Closer Look Notably, PEPE kicked off the year on an optimistic note as the token embarked upon a bull run in March. Moreover, it sustained maintaining a hold above critical price levels, further continuing to pump to new ATHs. Pepe coin hit a new ATH of $0.00001559 today, May 25, piquing significant investor interest. This ATH comes on the back of a 13% price rally, as mentioned above. Despite Coinglass recording $4.58 million in liquidations, the token is rallying phenomenally today, garnering additional investor attention to the frog-themed meme token. PEPE Price Rallies 13% As of writing, PEPE’s price has gained 12.33% in the past 24 hours and is currently trading at $0.00001548. Its 24-hour lows and highs are $0.00001366 and $0.00001559, respectively. Coinglass data illustrated mixed sentiments prevailing among investors, as OI surged 21.58%, although derivatives volume dipped 41.05%. The RSI continued to surf in the overbought territory, at 74, birthing market sentiments of a potential due price correction. #PEPE‏ #MemeWatch2024 #EarnFreeCrypto2024
--
Hi Guys, It's Big & Big #alert About $ETH ETFs Get Green Light & $DOGE is Jumping !!! Follow MeX. Ethereum ETFs Get the Green Light, Dogecoin Jumps on Elon Musk Tweet.A lot of unexpected things happened this week, but the markets were into it. It’s been a wild week for crypto, with what many see as a complete 180-degree turn from the Securities and Exchange Commission when the regulator on Thursday approved eight spot Ethereum ETFs. The SEC said yes to the likes of Grayscale, VanEck, Fidelity, and BlackRock after industry observers said for months that the products would not get approved. Despite the funds now making their way to the market, the price of the coin didn't move much on the news. It still had a great week since rumors of incoming approvals dropped on Monday: ETH is now trading for $3,747, a more than 20% seven-day jump. The ETFs won't be available until applicants sort their S-1 forms out with the SEC. But the approval is a big win for the space. Soon, traditional investors will be able to buy shares that track the price of the second-biggest digital asset—and if the eventual launch of the products is anything like the Bitcoin ETF one, capital will flood the space. Bitcoin rode off the back of the ETH approval rumors on Monday and passed the $70,000 mark for the first time in more than a month. The price of the biggest digital asset has since dipped and is now at $68,757 per coin, per data from CoinGecko, a 2.8% increase over the week. Other coins and tokens have risen over the past week, with Chainlink, Avalanche, and Bitcoin Cash making gains of 4.8%, 3.1%, and 3% respectively. But Dogecoin is the best-performer out of the top assets, having jumped by 7% in one week. It's now priced at $0.1656 after Tesla CEO Elon Musk posted a picture on Twitter expressing his condolences for Kabosu, the Shiba Inu behind the Doge meme, who died Friday. #ETHETFsApproved #EarnFreeCrypto2024 #MemeWatch2024 #Write2Earrn
--

Τελευταία νέα

Προβολή περισσότερων
Χάρτης τοποθεσίας
Cookie Preferences
Όροι και Προϋπ. της πλατφόρμας