MetalSwap Announces the Exclusive Chainlink Integration
MetalSwap, a prominent decentralized company that permits swaps across financial markets, has recently disclosed a new integration. As per the platform, Chainlink, a universal forum for financial institutions and developers pioneering the global markets’ future on-chain, has integrated with it. The firm took to its official X account to offer insights into this endeavor.
.@MetalSwapNet has integrated #Chainlink CCIP and Automation to unlock liquidity and help enhance security for its protocol.Battle-tested Chainlink infrastructure enables DAOs to innovate in the onchain ecosystem. pic.twitter.com/DnNySKGfn4
— Chainlink (@chainlink) July 22, 2024
MetalSwap Announces Integration with Chainlink for Efficiency and Interoperability
In its recent X post, MetalSwap expressed enthusiasm regarding this partnership. It noted that the integration of the automation technology and the Cross-Chain Interoperability Protocol of Chainlink has assisted it greatly. According to the firm, this has helped in addressing a few of the top issues in the DeFi sector. The CCIP of Chainlink has permitted MetalSwap to carry out smooth cross-chain interactions.
They facilitate more efficient and smoother operations on its protocol. This plays a critical role in guaranteeing that MetalSwap maintains its interoperability with diverse blockchain networks. Hence, it can expand its functionality as well as reach. Apart from that, the automation solutions of Chainlink have improved the efficiency and reliability of MetalSwap’s operations.
The Partnership also Unlocks Liquidity and Increased Security
Additionally, the infrastructure of Chainlink has contributed a lot in advancing its Decentralized Autonomous Organization activities. With the secure and resilient solutions of Chainlink, MetalSwap has reportedly enhanced its liquidity management. Along with that, Chainlink’s support has also allowed the company to optimize the risk-management mechanisms thereof. This increases the reliability of MetalSwap among the users. Moreover, the integration unlocks liquidity along with increased security.
Energy Web は、柔軟性、協調性、回復力のある分散型再生可能エネルギーシステムのための電子部品とシステム (ECS4DRES) という画期的な取り組みを発表しました。Horizon Europe と連邦政府が共同出資するこのプロジェクトは、ヨーロッパ全域の分散型再生可能エネルギーシステム (DRES) の信頼性、安全性、回復力に革命を起こすことを目的としています。
Bitcoin ETFs Buy 5,518 $BTC Worth $368M on July 22, Says Lookonchain
Exchange-traded funds of Bitcoin continue to get more and more inflows. As per Lookonchain, a popular on-chain analytics firm, the net inflows of the $BTC ETFs reached above 5,518 $BTC, equaling more than $368.67 million on July 22. The analytics platform took to its official social media account on X to provide the details of these inflows.
July 22 Update:9 ETFs added 5,518 $BTC(+$368.67M).#Fidelity added 2,099 $BTC(+$140.23M) and currently holds 180,689 $BTC($12.07B).#Grayscale decreased 366 $BTC(-$24.46M) and currently holds 271,794 $BTC($18.16B).https://t.co/UHDL1BTWve pic.twitter.com/fGmW1YVSt9
— Lookonchain (@lookonchain) July 22, 2024
9 Bitcoin ETFs See 5,518 More $BTC on July 22
In its recent X post, the company noted that this significant addition of inflows is very beneficial for the $BTC market. According to Lookonchain, it represents the increasing institutional interest as well as confidence in the top crypto asset. The top Bitcoin ETF in terms of inflows takes into account Fidelity. The exchange-traded fund reportedly added up to 2,099 $BTC. This results in an exclusive investment of approximately $140.23 million.
Fidelity Rules the BTC ETF Market with the Inclusion of 2,099 $BTC
As a result of this addition, Fidelity currently holds a cumulative amount of almost 180,689 $BTC. This amount equals the value of nearly $12.07 billion. The respective move of Fidelity points toward the ETF platform’s commitment to broadening $BTC holdings. It also denotes an optimistic outlook concerning the chief crypto asset’s future performance.
On the other hand, Grayscale, another well-known ETF in the crypto market, has recorded a slump in its $BTC holdings. The platform decreased its $BTC holdings by nearly 366 $BTC. This equates to a reduction of $24.46M. Irrespective of this decrease, Grayscale still owns a massive $BTC amount. The cumulative holdings of the ETF stand at approximately 271,794 $BTC.
BlockDAG’s Leading Block Speed & Presale Success Fuel $30 Forecast for 2030; BNB Dips Amid Ether ...
While Bitcoin ETFs dominate the market, the introduction of Ether ETFs appears less impactful, underscoring Bitcoin’s market supremacy. Concurrently, BNB experiences a downturn due to diminished on-chain actions and regulatory hurdles. Amidst these fluctuations, BlockDAG shines with its exceptional DAG technology and successful presale, positioning itself as a premier cryptocurrency investment for 2024. To date, BlockDAG has amassed an impressive $60.1 million by Batch 20, bolstering confidence among investors and solidifying predictions of its price reaching $30 by 2030.
Bitcoin ETFs: Catalysts of Market Movement
The imminent U.S. launch of Ether ETFs generates excitement, yet they are likely to play second fiddle to the more prominent Bitcoin ETFs. According to Bloomberg’s Eric Balchunas, Bitcoin ETFs, which rapidly attracted over $701 million within their debut week, overshadow their Ether counterparts. This disparity underscores Bitcoin’s continued market leadership.
BNB’s Market Challenges
Recently, BNB’s valuation took a hit, plummeting to a low of $552 after a brief rally, mirroring a broader negative trend influenced by decreasing platform activity and regulatory scrutiny. This drop reflects lower engagement and a shrinking market presence for Binance, with key metrics like total value locked and DApp usage also declining.
BlockDAG Sets the Pace with Revolutionary Speed and Scalability
BlockDAG is revolutionizing the blockchain arena with its pioneering technology. Its Directed Acyclic Graph (DAG) structure enables multiple blocks to link to prior nodes, boosting transaction speed and network scalability. This system not only prevents block redundancy but also supports simultaneous transactions, positioning BlockDAG as a leader in Layer 1 blockchain innovations.
The overwhelming success of BlockDAG’s presale, which amassed over $60.1 million by Batch 20 and saw coin prices climb from $0.001 to $0.015, underscores robust investor trust in BDAG. The build-up to Batch 20 heightens this excitement, heralding a promising run-up to its final debut. Moreover, the mining community’s robust engagement, with over 9300 miners sold, bringing in about $3.8 million, attests to the growing interest.
This positive reception and ongoing success have left market experts optimistic about BlockDAG’s trajectory, with forecasts suggesting the coin could reach $30 by 2030. Driven by the network’s capacity to handle 10 blocks per second—and aspirations to surpass 100—BlockDAG stands out as a transformative force in the mining sector, ensuring steady opportunities for miners with efficient hash rates.
BlockDAG addresses key vulnerabilities of decentralized networks through its hybrid consensus mechanism. By employing DAG technology, it eradicates orphan blocks and boosts processing speed, significantly reducing the likelihood of 51% attacks that plague traditional Proof of Work systems. This strategy not only secures transactions but also enhances overall network efficiency while upholding strong decentralization.
Additionally, BlockDAG’s refined mining protocols and advanced confirmation techniques ensure the authenticity of transactions while lessening reliance on extensive mining pools. These developments make the network both secure and scalable, presenting a formidable alternative to conventional blockchain models.
Final Thoughts
As BlockDAG gears up for its future amidst a landscape shaped by Bitcoin ETFs and BNB’s market troubles, its unique ability to handle multiple blocks concurrently and its promising price projection distinguish it as a must-watch crypto for 2024. With a remarkable presale achievement and increasing interest from the mining community, BlockDAG is well-positioned to lead in the evolving crypto market, making it a prime choice for investors looking for substantial returns.
According to the asset management company CoinShares, cryptocurrency products witnessed inflows of $1.35 billion during the previous week, increasing the total amount of inflows over the previous three weeks to $3.2 billion.
A Breakdown of the Inflows & Outflows
Bitcoin was the most popular cryptocurrency, with inflows totaling $1.27 billion, while short Bitcoin products experienced outflows of $1.9 million.
Inflows of $45 million were received by Ethereum, making it the altcoin with the highest amount of inflows so far. Last week, Solana received $9.6 million in new investments, bringing the total amount of money it has received so far this year to $71 million. It is important to note that Litecoin, which also experienced inflows of $2.2 million, is also included.
Additionally, cryptocurrency funds that are indexed to digital asset baskets had weekly inflows of $16.7 million, which indicates that investors have a desire to diversify their holdings.
BlackRock’s IBIT and Fidelity’s FBTC dominated the flows. Both have Bitcoin ETFs which saw about $1 billion in inflows last week.
However, short-bitcoin exchange-traded funds (ETPs) had withdrawals of $1.9 million. Since March, short Bitcoin exchange-traded products (ETP) have experienced withdrawals totaling $44 million.
This pattern, according to James Butterfill, head of research at CoinShares, is indicative of the persistently bullish feeling among investors ever since Bitcoin’s halving event was completed in April.
With everything going and an inflow of over $3.2 billion, investors see this as a fantastic opportunity to buy top-performing coins.
As the digital landscape bursts with innovation, three standout projects—BlockDAG, Notcoin, and MOONHOP—captivate the crypto community. The BlockDAG presale, fueled by an imminent leadership reveal, promises robust investment opportunities. Simultaneously, the Notcoin reward campaign is enhancing user engagement through strategic partnerships. However, MOONHOP steals the show as the top trending crypto, with over $985,000 in its presale igniting unprecedented excitement. This project combines strategic marketing and community-driven activities to offer a token and a festival of fun and financial opportunity.
BlockDAG is gearing up for a major leadership reveal on July 29th, which is set to propel the BlockDAG presale into a new realm of investor confidence. This event marks another strategic milestone following high-impact promotions in global hotspots like Tokyo’s Shibuya Crossing and Las Vegas’ The Sphere.
Each showcase has significantly boosted the BlockDAG presale, underscoring the project’s innovative approach with its DAG protocol that ensures fast and secure transactions. As BlockDAG unveils its human-led team, the BlockDAG presale is anticipated to attract even more attention, cementing its status as a prime investment in the blockchain world.
Notcoin Innovative Reward Campaign
Notcoin has launched a new chapter in Web3 by collaborating with Pixelverse on a $250,000 Notcoin reward campaign, designed to enhance their community engagement. This partnership involves exciting incentives such as NOT staking and quest completion within the Pixelverse, specifically targeting Notcoin holders across various tiers.
Special benefits are also in store for Gold and Platinum tier members. Moreover, Notcoin’s ongoing growth is supported by multiple partnerships, including recent alliances that aim to boost the Telegram crypto ecosystem and a game incubator initiative with Helika. These strategic moves further establish Notcoin as a key player in the blockchain and crypto space, continually setting higher standards for community involvement and innovation.
MOONHOP’s Marvelous Presale March to $1M
MOONHOP’s presale is catapulting this top trending crypto into the limelight, flaunting an inviting initial stage that beckoned the vibrant community, The Fluffle, to snatch up MOONHOP tokens at just $0.01. This initial boom amassed beyond $985,000, setting the stage for an explosive growth trajectory.
The adventure unfolds over 50 dynamic stages, promising an astronomical 4900% surge from inception to climax. Each phase weaves a tighter knit in the fabric of MOONHOP’s community through diverse engagement tactics: from feverish social media interactions to contests, and generous airdrops, not to mention strategic marketing blitzes that captivate and galvanise.
The journey doesn’t stop there; MOONHOP is primed for listings on decentralised and centralised exchanges, ensuring liquidity and widespread accessibility. The ecosystem strengthens with each partnership and community event, continually fueling the festive spirit of this crypto carnival.
As MOONHOP is listed on prestigious exchanges, it boosts its visibility and cements its position in the crypto market. With every stage, the community balloons, celebrating milestones with zest, drawing more enthusiasts into its jubilant orbit. The energy is infectious, the growth is unprecedented, and the spirit is indefatigable — MOONHOP isn’t just riding the crypto wave; it’s making the waves.
The Last Resolution
As the curtains close on the display of BlockDAG, Notcoin, and MOONHOP, it’s clear that the crypto universe is more vibrant than ever. The BlockDAG presale and Notcoin reward campaign have each carved their niches, boosting investor confidence and community ties. Yet, MOONHOP hops as the symbol of fun and profit in this digital fiesta. With its ingenious presale strategy and community celebrations, MOONHOP is not only a participant in the crypto revolution—it’s a trendsetter.
HAVAH DeFi Expands With Balanced’s Cross-Chain DEX
HAVAH users can now enjoy native cross-chain asset swaps and borrowing against tokens on Balanced, thanks to ICON’s Cross-Chain Framework. This development marks a significant step in HAVAH’s integration with other blockchains, expanding the horizons for seamless value transfer across integrated chains.
@BalancedDAO has launched on @HAVAHofficialGame On! 🚀 HAVAH users can now explore a new horizon of interconnected blockchains with seamless value transferhttps://t.co/hJ2ViTpghk
According to a report from the firm, on July 22, 2024, Balanced officially launched on HAVAH, providing new options for native cross-chain swaps and stablecoin loans. HAVAH, the first blockchain built on ICON SDK to integrate with Balanced, joins several blockchains across the EVM and IBC ecosystems. This integration enables smooth value movement from the HAVAH blockchain, enhancing the DeFi experience for its users.
Seed Liquidity and User Experience
To ensure a positive user experience, the ICON Foundation has provided seed liquidity for the new HVH/sICX pair on Balanced. This support is crucial for maintaining the platform’s cross-chain functionality. HAVAH users can swap native assets between integrated chains, transfer HVH to the ICON chain for liquidity, or borrow bnUSD against their assets.
Aligned with ICON’s vision of promoting cross-chain development, Balanced plans to extend its services to additional blockchains as they become available through ICON GMP. Users can expect updates on these new features as they roll out, further enhancing the cross-chain capabilities of the HAVAH and Balanced integration.
Cyber Attack on WazirX: $230 Million Stolen, Bountry Program and Much More
According to the reports by Spot On Chain, the leading on-chain insights platform, more than 16,345 ETH have been moved to two new wallets just today. The total stolen amount by WazirX exploiter has risen to $230 million.
WazirX’s multisig wallets were exposed to a cyberattack on July 18th, which resulted in the theft of $230 million. According to various experts, this hacker named “WazirX exploiter” can be the cybercriminal group Lazarus.
The #WazirX Exploiter is moving $ETH!In the past 20 minutes, the exploiter moved 16,345 $ETH ($56.88M) to 2 new wallets, “0x58d” and “0x668”;and has 43,962 $ETH ($153M) left across various wallets.Besides, the exploiter still keeps selling the remaining assets, such as… https://t.co/47TdprnolZ pic.twitter.com/jrOFwXgENO
— Spot On Chain (@spotonchain) July 22, 2024
WazirX stated in a statement that the hacker may have stolen the funds by taking advantage of a difference between the data displayed on Liminal’s interface and the contents of the transaction.
$PEPE (Pepe), $GALA (Gala), and $USDT (Tether) have all been converted into $ETH (Ethereum) by the suspicious address, and it is continuing to convert other digital assets.
As a result of this exploit, the cryptocurrency exchange WazirX has paused deposits, withdraws, and trading across its entire platform to cope with the fallout from the exploit.
WazirX’s Bounty Program
WazirX has stated that it will be establishing a bounty program to get assistance with tracing and freezing or returning the assets. The company has extended an invitation to individuals who are knowledgeable in blockchain technology and cybersecurity to “join this critical mission and protect the integrity of the cryptocurrency ecosystem.”
The company had initially provided a reward of five percent of the recovered funds as an incentive for assisting in their full return; however, after receiving feedback from blockchain detective ZachXBT, the reward was subsequently increased to ten percent.
Additionally, the company is providing “up to $10,000 worth of USDT” in exchange for “actionable intelligence that leads to the freezing of the funds.”
According to ZachXBT, “There is no use in offering a $10 million prize if the person or organization in question is Lazarus Group since they are not going to simply hand over the money or be discovered and held legally accountable. 5% is lower than the industry standard of 10%+.”
That’s it for now, we’ll continue updating if anything new comes up.
BlockDAG’s Dev Update 76, Highlights X1 Miner App Testing Enhancements and a Surge in Presale Cro...
BlockDAG’s latest Development Update 76 stands out as a pivotal chapter in the platform’s progression. This update highlights the intensive testing phase of the X1 Miner app, demonstrating BlockDAG’s commitment to improving both user interface and performance. As the presale soars past $60 million, anticipation intensifies for the upcoming events on July 29th and 30th, including a major leadership reveal and an interactive AMA session.
BlockDAG’s Forthcoming Events Propel Presale Beyond the $60M Threshold
In the upcoming days, BlockDAG is poised to transform the crypto landscape through significant events scheduled for July 29th and 30th. On July 29th, the unveiling of the CEO, Executive Team, and Advisory Board is set to foster stronger community ties and elevate market trust. Analysts forecast a potential 40% surge in the value of BlockDAG’s coin following these revelations, igniting fresh investor interest. The subsequent ‘Ask Me Anything’ (AMA) session on July 30th promises to heighten transparency and solidify connections between leadership and the crypto community. This direct engagement is anticipated to boost investor confidence significantly.
Moreover, BlockDAG has introduced a CGI video entitled “On the Way to Number One,” visualizing space rockets descending on Earth with the BlockDAG coin surging past competitors. This creative depiction underscores BlockDAG’s advanced technology and swift transaction capabilities enabled by its innovative Directed Acyclic Graph (DAG) architecture, which ensures almost instant transaction confirmations, a stark contrast to the typical delays seen in conventional block mining.
At the heart of the BlockDAG network is the BDAG coin, instrumental in managing transaction fees that sustain the network’s infrastructure, cover operational costs and reward validators. With its capacity to handle 10,000-15,000 TPS and minimal fees, BlockDAG is strategically positioned to support high-volume, urgent transactions. BlockDAG’s presale journey has been remarkable, starting at $0.001 in Batch 1 and escalating to $0.015 in Batch 20—a 1400% increase. It has amassed over $60 million from the sale of over 12.2 billion BDAG coins and $3.9 million from selling more than 9,400 miners.
Development Update 76: Intensive Testing & Enhancements for User Experience
Previously, Development Update 74 heralded the submission of the X1 app to the Amazon App Store. As the team continues to refine the mining application to enhance user interaction, the focus of Development Update 76 is on the rigorous testing phase and the exciting improvements it brings. The BlockDAG team has recently evaluated the latest modifications and reviewed the current testing phase. They have been actively addressing an issue with notification timings, tweaking them to ensure users receive updates appropriately.
Collaboration with external stakeholders remains a critical part of this development phase. The upcoming build will be shared with these partners for further testing, and their input will be crucial in identifying any lingering issues before the official release. This cooperative effort is aimed at ensuring the delivery of a well-polished final product to users.
In a notable development for Android users, BlockDAG’s team has successfully set up an account on the Huawei Store. They plan to launch the production build on this platform within the week, significantly widening the app’s availability. Next steps include establishing partnerships with the Samsung team and Google Play to ensure the app’s presence on additional platforms, expected to greatly expand its user base.
Final Thoughts
BlockDAG’s Development Update 76 is a significant advancement in refining the X1 Miner app, emphasizing robust functionality and a smooth user experience. As BlockDAG solidifies its position in the market with the presale crossing $60 million, and with the economically priced current Batch 20 at $0.015, major upcoming events are set to captivate the community. The visually striking CGI video not only highlights BlockDAG’s growth potential but also its edge in technology, enhancing community excitement. These strides affirm BlockDAG’s dedication to innovation, transparency, and community involvement, setting the stage for a bright future in the crypto sphere.