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Altcoins To Dodge Trading As Over $580M Worth Token Unlocks Loom

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Binance Labs Unveils Major Investment In Leading Layer 1 Solution Binance Labs, the venture capital arm of the world’s largest cryptocurrency exchange, has announced a significant investment in Particle Network. This groundbreaking Layer 1 solution aims to revolutionize the fragmented blockchain landscape by introducing Universal Accounts. Binance Lab’s Strategic Investment in Particle Network In a significant move for the blockchain industry, Binance Labs, the venture capital and incubation arm of leading cryptocurrency exchange Binance, has announced a major investment in Particle Network. This innovative company is at the forefront of developing a Layer 1 solution aimed at unifying blockchain networks Accounts Particle Network’s modular Layer 1 blockchain tackles a critical issue in the rapidly expanding blockchain landscape: the fragmentation of user bases and liquidity across multiple chains. Their Chain Abstraction infrastructure offers four core features: Universal Accounts, Universal Liquidity, Universal Gas, and the Particle L1 chain. The investment from them comes sequel to $25 million funding round for Particle Network. This round also included contributions from investors such as Spartan Group, Gumi Crypto, SevenX Ventures, and Morningstar Ventures, among others. Yi He, Co-Founder of Binance, emphasized the importance of this investment, stating that they are committed to supporting founders who are building innovative products to onboard the next billion users into Web3. Particle Network plans to utilize the newly secured funds for global team expansion, enhancing their Chain Abstraction ecosystem, and ensuring a timely launch of their L1 Mainnet later this year. This investment marks a significant step towards addressing the challenges of multi-chain ecosystems and could potentially revolutionize user experience in the Web3 space. As the blockchain industry continues to evolve, developments like these will be crucial in shaping its future and driving mass adoption. #BinanceTurns7 #SOFR_Spike #BinanceTournament #MtGoxJulyRepayments

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Shiba Inu Shows Positive Signs Shiba Inu sees positive trends in key metrics, indicating a potential price recovery despite recent declines in the cryptocurrency market. Shiba Inu, the second-largest meme coin by market value, has seen significant increases in several important metrics, indicating a possible change in market sentiment. According to IntoTheBlock, the 7-day volume of Shiba Inu transactions valued at $100,000 or more has increased by 430%, reaching $32.5 million. This surge has led IntoTheBlock to view Shiba Inu as very bullish, noting a 0.22% rise in net network growth. This uptick in large transactions and network activity signals a positive shift for the coin. Another key metric showing improvement is Shiba Inu’s daily SHIB burn rate. According to Shibburn, the burn rate has increased dramatically by 7,334.38%, with over 2.37 million SHIB tokens moved to dead wallets. This increase reduces the overall supply of SHIB, potentially boosting its price. Data also shows that inflows have significantly outpaced outflows in Shiba Inu’s exchange net flow over the last 30 days, indicating a shift towards self-custody methods and away from centralized exchanges. This development suggests growing confidence among investors in the asset. In recent months, Shiba Inu experienced a significant downturn, losing over 10% of its value at one point in July. During this period, several key metrics for the cryptocurrency plummeted, highlighting its poor performance amid market volatility. Shiba Inu's open interest in June fell by 40%, dropping from $135 million to $80 million. Daily transactions on the Shibarium network also fell by about 50%, contributing to a subsequent decrease in SHIB's price. Additionally, SHIB's burn rate saw a 98.79% decline, with less than one million SHIB tokens being burnt. Given these challenges, the recent improvements in key metrics offer renewed hope for a potential price recovery for Shiba Inu. #BinanceTurns7 #SOFR_Spike #BinanceTournament #MtGoxJulyRepayments #shiba⚡

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#OKX Ventures, Aptos Foundation Initiate $10M Fund for the Move-Based Layer-1 Ecosystem The fund will be used to develop an accelerator program for projects built on Aptos. Privacy, Security and Transparency: What Voters Privacy, Security and Transparency: What Voters Want From Tech in 2020 The venture arm of cryptocurrency exchange OKX and the Aptos Foundation, which supports the development of the Aptos protocol, set up a $10 million fund to encourage the growth of the Aptos ecosystem and broader adoption of Web3. The accelerator fund, named Ankaa, will be used to develop projects built on Aptos, according to an emailed announcement. Ankaa will be run by Aptos, OKX Ventures and Alcove, Aptos' accelerator established last November. The fund's main focus will be on projects around decentralized finance (DeFi), real-world assets (RWA), gaming, social and AI. Aptos is a layer-1 blockchain that uses Facebook's (META) Move programming language to execute transactions on-chain in an easy and reliable way. One of its goals is to bridge the gap between DeFi and institutions from the worlds of traditional finance and business. In April, the Apotos developers said they were working with Microsoft, Brevan Howard and South Korean wireless telecommunications operator SK Telecom to offer institutions an entry point to DeFi #BinanceTournament #MtGoxJulyRepayments #SOFR_Spike #BinanceTurns7 #OKX

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