Here are the top news in #Crypto for the past 24 hours
🟠 HKMA begins e-HKD Phase 2, testing CBDC applications like programmability, tokenization, and exploring new use cases with a regulatory sandbox.
🟠 Democratic Senators Jack Reed & Laphonza Butler send letter to SEC Chair Gary Gensler requesting he deny other crypto ETFs.
🟠 Elon Musk hints at future Tesla purchases with Dogecoin, boosting the token's value. Tesla already accepts Doge for merch.
🟠 EigenLayer outlines mainnet launch roadmap, aiming for a smooth, secure start. Post $100M funding by Andreessen Horowitz, it tests on Ethereum's Holesky.
🟠 U.S. judge rejects Gemini and Genesis' bid to dismiss SEC lawsuit, alleging unregistered securities sale in Gemini Earn program.
🟠 Arbitrum to fund $400M into blockchain gaming over 2 years, boosting its ecosystem via the Gaming Catalyst Program for publishers and builders.
🟠 BNB Chain launches rollup-as-a-service for Layer 2 expansion, offering infrastructure for dapp-driven custom rollups on BNB Smart Chain.
🟠 Judge rules Craig Wright isn't Satoshi Nakamoto, didn't author Bitcoin whitepaper, marking a win for the crypto community against his claims.
🟠 Hong Kong's SFC warns against Bybit exchange for offering unlicensed crypto services, including futures and securities, to local investors.
🟠 etherfi allocates 11% of $ETHFI to airdrop; farming for 4 days before Binance listing. Raised $32.3M with major backers.
The introduction provides a basic overview of the DOP token's utility. Here's a more detailed breakdown of its functionalities within the ecosystem:
Fees:
Using DOP's data ownership features incurs fees, payable in either: DOP tokens: Direct payment using the native currency. Transacted asset: Users can pay a portion of the transaction amount directly in the asset being transferred. Fee Distribution: 75% burned: A significant portion of collected fees is permanently removed from circulation, reducing the overall token supply and potentially increasing its value over time. 25% distributed to stakers: Users who stake their DOP tokens receive rewards from these fees, incentivizing long-term participation and network security. Governance:
DOP token holders have voting rights on proposals affecting the platform's future, including: Adding new features or functionalities. Adjusting protocol parameters like fee structures or staking rewards. Making decisions related to the Decentralized Autonomous Organization (DAO). Voting power is proportional to the amount of DOP tokens held, giving users with larger stakes a greater influence on governance decisions. Staking:
Users can stake their DOP tokens to earn rewards from various sources: 25% of fees: As mentioned above, a portion of the collected fees is distributed to stakers, offering passive income opportunities. Potential additional rewards: The document might mention other potential sources of rewards for stakers, such as specific incentives for participating in governance or early adoption programs. Overall, the DOP token serves as the:
Native currency for accessing data ownership features and paying fees. Governance tool for influencing the platform's development and direction. Staking asset for earning rewards and contributing to network security.
This is February 2021's chart. Eerily similar to Feb 2024 now 3 years later. Could history repeat itself in terms of price movement? We shall wait and see.
Here are the top news in #Crypto for the past 24 hours
🟠 Grayscale's GBTC ETF sees its lowest outflows of $44.2M since becoming an ETF, marking a slowdown in withdrawal volumes.
🟠 MicroStrategy's X account hacked, phishing links posted, leading to $440,000 stolen, according to ZachXBT.
🟠 ZachXBT recovers most of $177K from stolen DeGods NFT after a 9-month investigation, returning funds to the victim.
🟠 Blast network's layer 2 project, RiskOnBlast, hit by a 500 ETH rug pull, marking a significant exploit within the platform's ecosystem.
🟠 Aleo users raise privacy concerns after a leak of KYC documents, highlighting risks in the platform's third-party KYC process.
🟠 Circle teams up with Krafton and Naver Z to create a 'Roblox-style' metaverse, enabling USDC payouts through programmable wallets.
🟠 OANDA launches FCA-registered crypto trading platform in the UK, offering 63+ cryptocurrency pairs, following Coinpass acquisition.
🟠 China's national prosecutor targets blockchain cybercrimes amid a rise in online fraud and cryptocurrency scams, warning investors of local crypto economy risks.
🟠 Consensys announces Evolved NFT collection launch ahead of Cancun-Deneb Ethereum upgrade in mid-March.
🟠 Frax Finance considers Uniswap-like rewards for veFXS token stakers, pending community approval, says CEO Sam Kazemian.
• $ACE - Fusionist has hinted that there will be an important update in March.
• $ACS - Access Protocol is scheduled to upgrade to V2 on Feb 26.
• $AIT - AIT protocol is scheduled to launch mainnet on Feb 26.
• $ALEX - Alex plans to start voting on Nakamoto Release emissions on Feb 26.
• $DIA - DIA has officially integrated with @BTClayer2.
• $FLUX - Beta version of Fluxcore scheduled for release on Feb 29.
• $MAVIA - Heroes of mavia plans to announce layer 2 chain on Feb 27.
• $PIXEL - According to Pixel Founder, the pet mint will be held on Monday or Tuesday.
• $PHB - Phoenix will rollout GenAI Model Fine-Tuning within few days.
• $USTC - A vote to burn 800M $USTC through contract migration is ongoing. #1 Voting power's participation has increased the likelihood of proposal approval.
• $VET - Vechain CEO will announce a large-scale update on Feb 28.
• @ParclLimited $PRCL Airdrop is coming this April.
* * *
Note : FLUX/MAVIA/VET/PIXEL is news that was announced a few days ago.
Here are the top news in #Crypto for the past 24 hours
🟠 New Satoshi emails published, revealing early Bitcoin insights, including the origin of "cryptocurrency" term and views on anonymity.
🟠 Carlson Group selects four Bitcoin ETFs for its financial advisers, focusing on volume, growth, and low fees from BlackRock, Fidelity, Bitwise, and Franklin.
🟠 FTX sells its European arm back to founders for $32.7M, a significant drop from the $323M acquisition price, amidst efforts to resolve bankruptcy.
🟠 Injective partners with DojoSwap to launch CW-404, enabling fractional NFT ownership and expanding financial use cases.
🟠 Prosecutors ask CZ to surrender all passports before sentencing, amid conditions for bail and travel restrictions within the U.S.
🟠 Thai SEC seeks to revoke Zipmex's license due to failure in meeting regulatory requirements amid ongoing recovery struggles from crypto winter.
🟠 Forgotten Playland announced the launch of the game for March and an NFT Toy Box sale in the next few weeks.
🟠 Flincap co-founder urges Nigeria to clarify crypto regulations and address exchange licensing, not blame crypto for forex issues.
🟠 Google partners with Reddit to use its content for AI model training, marking Reddit's first major AI collaboration and enhancing Google's AI services.
🟠 Crypto and blockchain companies have received over $90 billion in funding, with recent investments focused on DeFi, infrastructure, and NFTs.
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