LayerZero connected to Solana blockchain The crypto bridging protocol LayerZero will be extended to the Solana blockchain, allowing Solana holders to transfer assets between 70 chains such as Arbitrum, Ethereum, and Polygon.
LayerZero will expand to the Solana blockchain on Wednesday, providing a new pathway for the transfer of crypto assets between Ethereum and its largest single competitor. Layer Zero Labs, which developed the bridging protocol, stated that crypto holders on Solana will be able to transfer their assets to Arbitrum, Ethereum, Polygon, and 70 other chains, and vice versa.
LayerZero is a bridging platform that can transfer information between disconnected blockchains. According to research firm Messari, its users transferred $6.7 billion worth of cryptocurrency in the first quarter of 2024, generating $11.5 million in revenue.
In a major round of financing announced in April, private venture investors valued LayerZero Labs at $3 billion. The protocol is expected to soon issue its own token. Solana’s native token $SOL is CoinGecko’s fifth largest cryptocurrency by market cap, and it also has three other major bridging protocols connected to the Ethereum ecosystem, the most famous of which is Wormhole.
Fetch_ai SingularityNET, and Ocean Protocol determine the merger date for AI Super Alliance tokens Three artificial intelligence platforms - Fetch.ai, SingularityNET and Ocean Protocol will complete the token merger on June 13th, FET will be renamed ASI in the first two days.
These protocols dedicated to artificial intelligence will complete a tripartite merger of crypto tokens on June 13th, led by Fetch.ai (FET). After the merger, Fetch.ai will be renamed ASI, representing the Artificial Intelligence Super Intelligence Alliance. The two companies announced on Wednesday that starting from June 11th, users can swap FETs for ASI, and the native tokens of SingularityNET (AGIX) and Ocean Protocol (OCEAN) will be swapped after the merger is completed two days later.
For the past year and a half, artificial intelligence has been the focus of the technology community. People are concerned about Microsoft (MSFT) Technology giants such as Alphabet (GOOG) and Meta (META) will establish a dominant position in this field. This concern has prompted Web3 companies to attempt to build a decentralized artificial intelligence infrastructure that makes data transparent and publicly shared among contributors.
Exactly 2 years ago on this day, the cryptocurrency #LUNA began to cost 0
One of the top projects at that time. Many cryptans lost millions, some lost everything. All those who tried to buy out the drawdown threw away their money.
Another reminder about the increased risks in crypto and that you should not load your entire portfolio into one altcoin.
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Hello friends, I want to share the news, Telegram channels are scamming subscribers with scam contracts BEP-20 with some new super promising token, now many scam channels are posting this token #WLC on the official channel #WalletConnect they have already written that this is a scam, they have not released such a token together with #Circle !
Be careful when investing!
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Friends, greetings to everyone!👋 I apologize for the long absence...
#Bitcoin continues to move along the main trajectory, although it did without taking out stops at $60,000 - it’s even better. The support did its job💪
Now the movement should continue from the upward trend, at least to the local resistance of $65,000.
But to be honest, I don’t like the current swing on the cue ball at all, and in principle on the main assets in general🤦🏻♂️
😡 For more than two months we have been marinated in one small range, not allowing us to earn normally...
Therefore, I decided to temporarily shift my focus to working with emerging fundamental altcoins that can show good movements independent of the cue ball
In general, this is what I was busy with in recent days - I analyzed many altcoins. And you know, I found very interesting assets 🤔
Stay in touch in the next few hours – I’ll tell you everything in detail!
#USDT CEO Ripple: The US government is “targeting Tether” - any government actions against the USDT issuer will have an unpredictable impact on the crypto markets.
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Panic and fear are now the main enemies of traders 😱
Just look at how the trading mood is changing 👉🏻 two months ago, when #Bitcoin cost $63,700, the fear and greed index reached a maximum value of 90 points (Extreme Greed). As soon as we saw the first serious correction, we were immediately scared (43 points – Fear).
This hasn’t been seen yet for $52,000, then extreme fear will certainly appear🤦🏻♂️ (as at $20,000 per cue ball).
Now the only winner will be the one who does not sell assets in a panic and who still has a cache reserve🤑
There is such a wonderful rule: When there is Greed in the market - sell When the market is Fear - buy
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Complete collapse and nothing more - after the listing of the first spot Bitcoin and Ethereum ETFs, the trading volume was only $6.3 million. For comparison📝: the trading volume of spot #Bitcoin ETF in the USA, on the first day of listing, was $4.6 billion.
In fact, due to positive expectations that Hong Kong ETFs would outperform US ETFs on the first day, longs failed. Started shopping too early🤷🏻♂️
Fortunately, you and I were ready for this decline👌🏻 and now we will have a great opportunity to buy out all this drawdown.
What is a BTC ETF on an exchange?
A Bitcoin ETF (Exchange-Traded Fund) is a publicly traded investment fund that tracks the value of the underlying asset, Bitcoin. It allows investors to profit from the rising value of Bitcoin without directly owning the cryptocurrency. The company that manages the ETF buys and stores real Bitcoin, and the fund's price is tied to its value.
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Dominance #Bitcoin broke through the upward trend and returned to support. An excellent sign for an alta!👍🏻
Did you notice that when the cue ball fell to $56,500, the viola felt more than confident!?💪
So if everything continues in the same spirit - dominance falls along the trajectory, and the cue ball turns upward, then pretty soon we will get #альтсезон 🤞🏻
Well, you must agree, it’s pleasant, even from this thought🔥
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