LIVE
Crypto Economy
@CryptoEconomyNews
Cryptocurrency News #Bitcoin #Cryptocurrencies #Altcoins #DeFi #Mining #Metaverse #Blockchain #cryptonews #crypto
Following
Followers
Liked
Shared
Sui Blockchain Outage Raises Concerns: Smart Contracts Were on Hold
TL;DR
On November 21, 2024, the Sui blockchain experienced a significant outage, halting block production for over an hour and causing widespread concern among users and stakeholders.
The outage led to an 11% drop in the SUI token’s value, with major exchanges like Upbit temporarily disabling SUI deposits and withdrawals to protect users.
The downtime has raised questions about the reliability of the Sui network, with ongoing investigations by Mysten Labs and the Sui Foundation to identify an
On November 21, 2024, the Sui blockchain experienced a significant outage, halting block production for over an hour and causing widespread concern among users and stakeholders.
The outage led to an 11% drop in the SUI token’s value, with major exchanges like Upbit temporarily disabling SUI deposits and withdrawals to protect users.
The downtime has raised questions about the reliability of the Sui network, with ongoing investigations by Mysten Labs and the Sui Foundation to identify an
Bitcoin (BTC) Breaks Its ATH Again! BTC at $100K Is Imminent
TL;DR
Bitcoin (BTC) has shattered its all-time high, reaching over $98,000 on November 21, 2024, driven by growing investor confidence and optimism.
Key factors driving the rally include increasing institutional adoption, pro-crypto political developments in the U.S., and spot Bitcoin ETFs.
The new ATH has significant implications for the broader crypto market, potentially triggering gains in other major cryptocurrencies and opening new opportunities in sectors like DeFi and digital payments.
Bitcoin (BTC) has shattered its all-time high, reaching over $98,000 on November 21, 2024, driven by growing investor confidence and optimism.
Key factors driving the rally include increasing institutional adoption, pro-crypto political developments in the U.S., and spot Bitcoin ETFs.
The new ATH has significant implications for the broader crypto market, potentially triggering gains in other major cryptocurrencies and opening new opportunities in sectors like DeFi and digital payments.
Spot Trading Goes Live on Arkham Exchange—Here’s What You Need to Know
TL;DR
Arkham Intelligence has launched spot trading on its exchange, aiming to enhance transparency and attract both retail and institutional traders by integrating trading services with its robust blockchain data dashboard.
The Arkham Exchange will feature on-chain audits and traceable proof of reserves, ensuring enhanced transparency and security for traders, and making it especially favored by day traders.
While the spot trading feature is a significant addition, it will not immediately be
Arkham Intelligence has launched spot trading on its exchange, aiming to enhance transparency and attract both retail and institutional traders by integrating trading services with its robust blockchain data dashboard.
The Arkham Exchange will feature on-chain audits and traceable proof of reserves, ensuring enhanced transparency and security for traders, and making it especially favored by day traders.
While the spot trading feature is a significant addition, it will not immediately be
DegenLayer Introduces The First Memecoin Focused Blockchain
Luxembourg, Luxembourg, November 21st, 2024, Chainwire
DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.
The project’s developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200
DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.
The project’s developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200
Arcana Network Launches the First Ever Chain Abstraction Wallet, Ushering a New Era of Multi-Chai...
Dubai, United Arab Emirates, November 21st, 2024, Chainwire
Arcana Network is thrilled to announce the launch of the Arcana Wallet Beta, now available on the Chrome Store, setting a new standard in blockchain accessibility and user experience through its pioneering Chain Abstraction Protocol. Built as the first Externally Owned Account (EOA) wallet to leverage Chain Abstraction, Arcana Wallet enables a frictionless, multi-chain experience where users can spend assets across Ethereum, Base, Poly
Arcana Network is thrilled to announce the launch of the Arcana Wallet Beta, now available on the Chrome Store, setting a new standard in blockchain accessibility and user experience through its pioneering Chain Abstraction Protocol. Built as the first Externally Owned Account (EOA) wallet to leverage Chain Abstraction, Arcana Wallet enables a frictionless, multi-chain experience where users can spend assets across Ethereum, Base, Poly
GMT DAO Launches Groundbreaking Burn Initiative with a Target of Up to 600 Million GMT
Sydney, Australia, November 21st, 2024, Chainwire
The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to 100 million USD, marking this as one of the most ambitious token burns in the web3 ecosystem.
The GMT Burn Initiative reflects th
The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to 100 million USD, marking this as one of the most ambitious token burns in the web3 ecosystem.
The GMT Burn Initiative reflects th
AIntivirus Announces Initiative Inspired by the Legacy of John McAfee
Barcelona, Spain, November 20th, 2024, Chainwire
AIntivirus, a global initiative aimed at combating systemic corruption and promoting transparency, launches with a message rooted in the enduring legacy of John McAfee. The project, inspired by McAfee’s outspoken stance on accountability and digital security, seeks to create a more equitable and secure digital environment.
A Legacy Rekindled
John McAfee, a polarizing figure renowned for his contributions to cybersecurity and his defiance of con
AIntivirus, a global initiative aimed at combating systemic corruption and promoting transparency, launches with a message rooted in the enduring legacy of John McAfee. The project, inspired by McAfee’s outspoken stance on accountability and digital security, seeks to create a more equitable and secure digital environment.
A Legacy Rekindled
John McAfee, a polarizing figure renowned for his contributions to cybersecurity and his defiance of con
AI Platform bitGPT Experiences Significant Growth Following Binance Demonstration
Tallinn, Estonia, November 20th, 2024, Chainwire
Following its global unveiling on the main stage of Binance’s Blockchain Week conference in Dubai, AI platform bitGPT is experiencing sizable growth across every vertical of the project, from active partnership conversations to the number of users currently testing its technology.
bitGPT’s X and Telegram communities grew in size by more than 1,000% in the days following its presentation at Binance in which hundreds of onlookers watched as its AI
Following its global unveiling on the main stage of Binance’s Blockchain Week conference in Dubai, AI platform bitGPT is experiencing sizable growth across every vertical of the project, from active partnership conversations to the number of users currently testing its technology.
bitGPT’s X and Telegram communities grew in size by more than 1,000% in the days following its presentation at Binance in which hundreds of onlookers watched as its AI
Fhenix Unveils Nitrogen Testnet Upgrade: A Leap Forward for Encrypted Layer-2 Networks
TL;DR
Fhenix launches an update for its Nitrogen testnet, improving decentralization, security, and user experience.
The new Threshold Network enables decentralized and multiparty decryption, enhancing security and reducing censorship risks.
Parallel Decryptions, Security Zones, and Celestia are incorporated to improve performance, flexibility, and reduce transaction costs.
Fhenix, a Layer-2 network that utilizes Fully Homomorphic Encryption (FHE), has announced the launch of an update for i
Fhenix launches an update for its Nitrogen testnet, improving decentralization, security, and user experience.
The new Threshold Network enables decentralized and multiparty decryption, enhancing security and reducing censorship risks.
Parallel Decryptions, Security Zones, and Celestia are incorporated to improve performance, flexibility, and reduce transaction costs.
Fhenix, a Layer-2 network that utilizes Fully Homomorphic Encryption (FHE), has announced the launch of an update for i
Memecoin Platform GraFun Expands to Ethereum for Increased Visibility
TL;DR
GraFun expands its memecoin launchpad platform to Ethereum to attract more users and take advantage of its higher liquidity.
The platform stands out for its “Fair Curve” model, which minimizes risks of fraud and price manipulation in token issuances.
With the backing of Floki (which owns more than 40%) and DWF Labs, GraFun establishes itself as one of the leading platforms in the memecoin market.
The memecoin launchpad platform GraFun has announced its expansion to the Ethereum network
GraFun expands its memecoin launchpad platform to Ethereum to attract more users and take advantage of its higher liquidity.
The platform stands out for its “Fair Curve” model, which minimizes risks of fraud and price manipulation in token issuances.
With the backing of Floki (which owns more than 40%) and DWF Labs, GraFun establishes itself as one of the leading platforms in the memecoin market.
The memecoin launchpad platform GraFun has announced its expansion to the Ethereum network
BIS Study Shows DEX Liquidity Is Heavily Centralized Among Top Players
TL;DR
A BIS report reveals that institutional participants dominate liquidity in DEXs, controlling between 65% and 85% of the total.
Institutional players apply strategies similar to those in traditional markets, achieving annual returns 11.65% higher than retail LPs.
The BIS research shows that institutional LPs prefer pools with high liquidity and low volatility, while retail investors operate in smaller pools and lose money more frequently.
A report from the Bank for International Settlem
A BIS report reveals that institutional participants dominate liquidity in DEXs, controlling between 65% and 85% of the total.
Institutional players apply strategies similar to those in traditional markets, achieving annual returns 11.65% higher than retail LPs.
The BIS research shows that institutional LPs prefer pools with high liquidity and low volatility, while retail investors operate in smaller pools and lose money more frequently.
A report from the Bank for International Settlem
Fueling KYVE’s Expansion Era: A New Age of Interoperable Data Opportunities For All
Frankfurt, Germany, November 20th, 2024, Chainwire
KYVE is entering its expansion era, introducing an enhanced web app packed with new features and collaborations to support users and unlock multi-network potential. From experienced developers to crypto newcomers, the platform aims to make it easier for users to jump in, contribute, and benefit as part of KYVE’s mission to make blockchain data accessible to all.
The latest updates are meant to make it easier for users of all levels to engage
KYVE is entering its expansion era, introducing an enhanced web app packed with new features and collaborations to support users and unlock multi-network potential. From experienced developers to crypto newcomers, the platform aims to make it easier for users to jump in, contribute, and benefit as part of KYVE’s mission to make blockchain data accessible to all.
The latest updates are meant to make it easier for users of all levels to engage
Injective Unveils iAgent, Bridging AI and Blockchain for Effortless Integration
TL;DR
Injective introduces iAgent, an SDK that simplifies the integration of AI and blockchain using natural language commands.
iAgent enables predictive analysis, automated trading, and assistant customization without requiring technical expertise.
The tool removes technical barriers, making blockchain more accessible for both experts and beginners alike.
Injective has launched iAgent, a software development kit (SDK) that facilitates the integration of artificial intelligence into blockcha
Injective introduces iAgent, an SDK that simplifies the integration of AI and blockchain using natural language commands.
iAgent enables predictive analysis, automated trading, and assistant customization without requiring technical expertise.
The tool removes technical barriers, making blockchain more accessible for both experts and beginners alike.
Injective has launched iAgent, a software development kit (SDK) that facilitates the integration of artificial intelligence into blockcha
PlayBlock Rockets to #8 Globally in Blockchain Transactions and Turnover Following DappRadar Listing
Ramat Gan, Israel, November 20th, 2024, Chainwire
UpVsDown.com Prediction Platform Leads the Way as PlayBlock Takes Center Stage in the Blockchain World
Playnance proudly announces the official listing of its groundbreaking blockchain, PlayBlock, on DappRadar, the premier tracking platform for decentralized applications (dApps). Just weeks after its launch, PlayBlock has achieved the remarkable milestone of being ranked #8 globally in daily transactions and daily turnover, solidifying its po
UpVsDown.com Prediction Platform Leads the Way as PlayBlock Takes Center Stage in the Blockchain World
Playnance proudly announces the official listing of its groundbreaking blockchain, PlayBlock, on DappRadar, the premier tracking platform for decentralized applications (dApps). Just weeks after its launch, PlayBlock has achieved the remarkable milestone of being ranked #8 globally in daily transactions and daily turnover, solidifying its po
First Digital’s FDUSD Stablecoin is Officially Live on Sui
Grand Cayman, Cayman Islands, November 20th, 2024, Chainwire
FDUSD becomes the second native stablecoin on Sui following USDC’s landmark deployment in early October
Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and First Digital Labs, the creator of one of the world’s largest stablecoins, FDUSD, today announced that FDUSD is live on Sui. FDUSD is the second multi-billion dollar market cap stablecoin to natively integrate with Sui in recent m
FDUSD becomes the second native stablecoin on Sui following USDC’s landmark deployment in early October
Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and First Digital Labs, the creator of one of the world’s largest stablecoins, FDUSD, today announced that FDUSD is live on Sui. FDUSD is the second multi-billion dollar market cap stablecoin to natively integrate with Sui in recent m
Grayscale to Introduce Options Trading for Its Bitcoin ETFs Today
TL;DR
Grayscale Investments is launching options trading for its Bitcoin ETFs today, following the record-breaking debut of BlackRock’s iShares Bitcoin Trust (IBIT) ETF options.
Grayscale’s entry into the options market includes its Grayscale Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC) products, aiming to generate income through a covered call strategy by writing and buying options contracts on Bitcoin ETPs.
The introduction of options trading for Grayscale’s Bitcoin ETFs is expected to
Grayscale Investments is launching options trading for its Bitcoin ETFs today, following the record-breaking debut of BlackRock’s iShares Bitcoin Trust (IBIT) ETF options.
Grayscale’s entry into the options market includes its Grayscale Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC) products, aiming to generate income through a covered call strategy by writing and buying options contracts on Bitcoin ETPs.
The introduction of options trading for Grayscale’s Bitcoin ETFs is expected to
PayPal Expands Reach of PYUSD to Boost Financial Access Worldwide
TL;DR
PayPal is expanding the reach of its stablecoin, PayPal USD (PYUSD), through a partnership with Xoom to enhance global financial access and revolutionize cross-border payments.
The partnership with Xoom will enable disbursement partners like Cebuana Lhuillier and Yellow Card to use PYUSD for settling cross-border money transfers, driving financial inclusion.
PYUSD’s compatibility with the Ethereum ecosystem and new integrations, including a rewards program with Anchorage Digital and par
PayPal is expanding the reach of its stablecoin, PayPal USD (PYUSD), through a partnership with Xoom to enhance global financial access and revolutionize cross-border payments.
The partnership with Xoom will enable disbursement partners like Cebuana Lhuillier and Yellow Card to use PYUSD for settling cross-border money transfers, driving financial inclusion.
PYUSD’s compatibility with the Ethereum ecosystem and new integrations, including a rewards program with Anchorage Digital and par
21Shares Introduces Staking to Its Ethereum ETP for European Investors
TL;DR
21Shares has upgraded its Ethereum ETP to include staking functionality, renaming it the Ethereum Core Staking ETP, now listed on major European exchanges.
The Ethereum Core Staking ETP offers an average staking yield of 3.17%, allowing investors to earn rewards by locking their Ethereum to support the network’s security and operations.
With a competitive management fee of 0.21%, the Ethereum Core Staking ETP is designed to attract a wide range of investors, enhancing their investment e
21Shares has upgraded its Ethereum ETP to include staking functionality, renaming it the Ethereum Core Staking ETP, now listed on major European exchanges.
The Ethereum Core Staking ETP offers an average staking yield of 3.17%, allowing investors to earn rewards by locking their Ethereum to support the network’s security and operations.
With a competitive management fee of 0.21%, the Ethereum Core Staking ETP is designed to attract a wide range of investors, enhancing their investment e
Bitcoin Hits Unprecedented $94K as BlackRock’s IBIT Options Debut Today
TL;DR
Bitcoin has reached a new all-time high, surpassing $94,000, driven by the debut of options trading on BlackRock’s iShares Bitcoin Trust (IBIT) ETF, reflecting increased demand and investor confidence.
The launch of IBIT options saw $1.9 billion in notional exposure on its first day, with 354,000 contracts traded, mostly call options, indicating strong investor bets on further Bitcoin price increases.
The introduction of IBIT options is expected to significantly impact Bitcoin’s market
Bitcoin has reached a new all-time high, surpassing $94,000, driven by the debut of options trading on BlackRock’s iShares Bitcoin Trust (IBIT) ETF, reflecting increased demand and investor confidence.
The launch of IBIT options saw $1.9 billion in notional exposure on its first day, with 354,000 contracts traded, mostly call options, indicating strong investor bets on further Bitcoin price increases.
The introduction of IBIT options is expected to significantly impact Bitcoin’s market
BYDFi Lists Bio-Ecosystem Tokens RIF and URO, Pioneering DeSci Meme Tokens Hit New Heights
Seychelles, Seychelles, November 20th, 2024, Chainwire
BYDFi has announced the listing of two groundbreaking DeSci meme tokens, Rifampicin (RIF) and Urolithin A (URO), increasing its innovative token offering. Both tokens have demonstrated remarkable market performance, with RIF reaching an all-time high of $0.1679.
About RIF and URO
RIF and URO are essential components of the innovative Bio Ecosystem, launched through the Pump.science platform as part of Molecule DAO’s DeSci project. Notably
BYDFi has announced the listing of two groundbreaking DeSci meme tokens, Rifampicin (RIF) and Urolithin A (URO), increasing its innovative token offering. Both tokens have demonstrated remarkable market performance, with RIF reaching an all-time high of $0.1679.
About RIF and URO
RIF and URO are essential components of the innovative Bio Ecosystem, launched through the Pump.science platform as part of Molecule DAO’s DeSci project. Notably