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StaFi to Deploy Liquid Staking as a Service Testnet Ahead of 2.0 Mainnet Launch According to Blockworks, liquid staking protocol StaFi is set to deploy its Liquid Staking as a Service (LSAAS) testnet before the rebrand and mainnet launch of StaFi 2.0. Liquid staking as a service refers to blockchain platforms that provide liquidity by minting a new token representing an underlying staked asset. This new token can be used and traded in DeFi protocols for additional revenue or rewards. The initial StaFi 2.0 testnet will support liquid staking derivatives (LSDs) from Ethereum, EVM layer-2s, and the Cosmos ecosystem. It will enable developers across these networks to experiment with StaFi's latest features and allow the protocol to work on improvements based on user suggestions. StaFi plans to launch its liquid restaked token on testnet in Q2 of this year, with the mainnet launch scheduled for Q3 of 2024. StaFi co-founder Liam Young said in a press release, 'The launch of the StaFi 2.0 testnet is a major milestone in our journey to mainnet. It's also a major boost for layer-1 blockchains seeking easier access to LSD with the vast potential this vertical holds for strengthening network security, decentralization, and opening new opportunities for yield generation.' StaFi was initially developed through Polkadot grants, and its blockchain is on Substrate, a blockchain software development kit (SDK) used to create parachains on Polkadot. The latest rebrand will position the protocol to break free from the Polkadot ecosystem and establish itself as a liquid staking derivative infrastructure platform compatible with multiple blockchain networks. In addition to supporting LSDs on Ethereum, EVM layer-2s, and Cosmos, StaFi is also exploring LSD solutions for Bitcoin, with more information expected in the coming months.

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Cardano Surpasses Ethereum in GitHub Activity Amid Layer-2 Project Rumors ADA $0.6289 -0.63% According to CryptoPotato, Cardano has once again outperformed Ethereum and other major Layer-1 blockchains such as Avalanche, Litecoin, and Tron in GitHub commits, reflecting its leading position in developer engagement. Between March 11 and 17, Cardano registered 978,780 commits on GitHub, exceeding its closest competitor, Ethereum, which recorded 407,170 commits during the same period. The data from blockchain intelligence platform IntoTheBlock also revealed that Avalanche has a commit count of 315,770, while Litecoin and Tron stand at 84,110 and 79,380 commits, respectively. This activity indicates potential for decentralized application (dApp) launches and protocol improvements, enhancing overall resilience and functionality. Despite Cardano’s strong developer commitment, its price has remained below $1 since April 2022, currently at $0.59, with nearly 18% in weekly losses. It is important to understand that developer engagement does not always directly influence price. The metric, however, helps gauge developers’ commitment to building, maintaining, and securing the ecosystem. Cardano is no stranger to FUDs. In fact, the latest stats come on the heels of allegations its Layer 2 project, Hydra, was abandoned by the team. Cardano co-founder Charles Hoskinson refuted the rumors and confirmed ongoing development, deeming them to be “pure FUD.” According to DefiLlama, Cardano experienced an increase in the total value locked (TVL) in decentralized finance (DeFi) this year, climbing to $520 million on March 14th. The figure has since come down to $385 million as of March 20th.

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Floki Developers Work on Regulated Digital Bank Accounts Supporting FLOKI Token Financing FLOKI $0.00021303 -7.65% According to Foresight News, Floki developers are working to provide regulated digital bank accounts that can be financed using FLOKI tokens and used for trading in US dollars, euros, and British pounds. The project also includes plans for debit cards and collateral services, with licensed partners in Canada, Spain, the Dominican Republic, Australia, and the United Arab Emirates providing convenience for the accounts.#FLOKİ

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Bitcoin(BTC) Drops Below 63,000 USDT with a 7.61% Decrease in 24 Hours BTC $63,259.98 -7.01% On Mar 19, 2024, 10:48 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,788.148438 USDT, with a 7.61% decrease in 24 hours. $BTC

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Solana Network Activity Surpassed Ethereum Sedang Tren SOL $200.80 +2.30% BOME $0.011664 -31.27% Reported by Cointelegraph, Solana network activity surpassed Ethereum over the weekend amid a scramble for Solana-based memecoins — causing the network to struggle to keep up. On March 16, Solana’s total trading volume soared past Ethereum, reaching $3.52 billion and beating out the daily volume on the Ethereum network by more than $1.1 billion, per DefiLlama. However, the Solana network struggled to keep up with the influx of activity, with many users across X complaining about frequent instances of failed or missing transactions. According to Solana Validator data, cited by pseudonymous user “Dagnum” on X, Solana’s ping time ran between 20 and 40 seconds at 8 pm UTC on March 16, resulting in approximately 50% of transactions failing for around 20 minutes. The huge uptick in Solana network activity was driven by an outsized appetite for new memecoins. On March 14, degens began piling into a new memecoin called Book of Meme (BOME), which rallied from near-zero to a market capitalization of $1.45 billion in just 56 hours. Another memecoin dubbed “$NAP” (NAP) also garnered significant attention from traders, rallying from a market cap of around $20 million to over $330 million in less than 18 hours. #solanausdt

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Bitcoin Eyes $70K as U.S. Debt Hits $35T: Key Insights for the Week

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U.S. Government Holds Significant Bitcoin Reserves Worth $12.35 Billion

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US Government Transfers 29,799.99 BTC Worth $2.02 Billion

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Bitcoin (BTC) Drops Below 67,000 USDT with a 1.08% Decrease in 24 Hours

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BNB Drops Below 580 USDT with a 0.17% Decrease in 24 Hours

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