dYdX community approves 20M token stake as network activity soars$DYDX

The dYdX community approved staking 20 million DYDX tokens as a security measure as the protocol experiences a spike in trading activity.
The dYdX community approved staking 20 million DYDX tokens to strengthen security as the decentralized crypto exchange (DEX) experiences a surge in activity.

The proposal passed on April 6 with 91.7% of votes in favor, allowing tokens from the community treasury worth over $61 million at current prices to be staked with liquid staking protocol Stride. According to dYdX, the move is a response to the growing trading activity on the protocol:

“The rate of DYDX being staked to validators has plateaued and deposits to the exchange are growing at a tremendous pace. Over $140M USDC is held in dYdX v4, of which roughly $100M arrived in the past week.”
Staking is the process of locking cryptocurrency to support a blockchain network’s operations, like processing transactions or validating new blocks. Participants, or “stakers,” commit their tokens as stakes in the network. In return for their service and the risks—such as potential token value fluctuation — stakers receive rewards, often in the form of additional tokens.

By staking its native tokens, the DEX is seeking to shield its network from a possible control attack, similar to a 51% attack. This type of attack happens when a malicious entity gains control over a significant amount of a blockchain’s hashing power, enabling the network to be manipulated. Decentralizing voting power prevents such attacks from occurring.
Source: https://cointelegraph.com/news/dydx-approves-20m-token-stake-network-activity-soars?utm_source=Telegram&utm_medium=social

#DYDXLong #TrenddingTopic

👀 Ethereum reaches 1M validators

$ETH network achieved a validator count of one million, with the 32 million $ETH staked accounting for 26% of the total supply.💰

While the number of validators could translate into higher security for a blockchain, some community members think too many validators could be problematic.

$ETH #HotTrends #Ethereum✅

🚨🚨🚨BREAKING NEWS 🚨🚨🚨

FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison.

#fttusdt #HotTrends #FTT🔥🔥

PART 2

Why is no-code development important for Web3?

Traditional blockchain development has various challenges, primarily its complexity and high learning curve.
Writing secure and effective smart contracts, figuring out consensus procedures and maintaining blockchain infrastructure are challenges that developers frequently face. Furthermore, these difficulties are exacerbated by the lack of qualified blockchain developers and the ongoing development of blockchain technology, which prevents broad acceptance and innovation in the field.
Web3 depends on no-code development since it democratizes access to blockchain technology, addressing many of the issues mentioned above. No-code platforms enable a broader audience to engage in creating DApps and using blockchain solutions by eliminating the requirement for in-depth coding expertise. In the Web3 ecosystem, this democratization speeds up development and encourages diversity and creativity.
Moreover, individuals and businesses can take advantage of the possibilities of decentralized technologies due to no-code solutions, which make it simpler to create smart contracts, integrate blockchain technology, and offer user-friendly interfaces for developing decentralized applications. Ultimately, Web3’s goal of creating a more open, accessible and decentralized internet is greatly aided by no-code development.

Advantages of no-code blockchain development over traditional development methods

The creation and implementation of decentralized applications is being revolutionized by no-code blockchain development, which provides multiple advantages over conventional techniques.
Firstly, it greatly reduces the entrance barrier for people with little to no coding experience, democratizing access to blockchain technology and encouraging creativity from a wide variety of innovators. No-code platforms facilitate quick prototype and iteration by offering drag-and-drop capability and intuitive graphical interfaces, which speed up the development lifecycle.

#HotTrends

No-code blockchain development explained

PART 1
What is no-code development?
Developing software applications without a deep understanding of coding or conventional programming languages is known as “no-code development.”
It enables quick and effective design and deployment of functional applications by individuals with different degrees of technical competence. Users can assemble required functionalities by dragging and dropping parts through pre-built modules and intuitive graphical interfaces, which lowers the barrier to entry for software creation.
Web3 users now have access to a number of popular no-code development platforms that support blockchain’s decentralized architecture. No-code development is relevant to blockchain because it makes it possible for anyone to construct decentralized applications (DApps) without learning complicated smart contract programming.
Using an open-source framework called OpenZeppelin, developers can create DApps without writing complex contract code from scratch by utilizing a library of reusable and secure smart contracts for the Ethereum network. Access control, utility contracts, security and token creation are just a few of the use cases the library addresses.
The developer starts by describing their goal and selecting the primary features of the DApp. From OpenZeppelin’s secure smart contract suite, the developer must choose relevant contracts and customize them to meet the specific needs of the decentralized application. Following extensive testing in a controlled setting to ensure reliability, the DApp is made available to the general public. Post-launch, continuous monitoring and updates are crucial for maintaining performance and user satisfaction.
Moralis offers a fully managed back end infrastructure for creating DApps. With its real-time database cloud features and user authentication, it helps developers swiftly create and launch DApps on many blockchains. Similarly, users can mint nonfungible tokens (NFTs) with OpenSea’s user-friendly interface by simply uploading digital assets and basic NFT details.

NEW: 🟠 80% of Bitcoin hasn't moved in the last 6 months 🔥

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#HotTrends #BTC🔥🔥🔥🔥 $BTC

ICYMI:
🟠 Bernstein analysts raised their end of year #Bitcoin price target to $90,000 from $80,000 🚀$BTC
What is your BTC’s price target in this year 🎯?
#HotTrends #BTC🔥🔥🔥🔥

Breaking news for #AVAX✅

Alipay taps Avalanche for Web3-powered voucher program

Avalanche said the initiative allows brands to test Web3 solutions and how to create new engagement opportunities with their users.

Online payment platform Alipay has collaborated with the smart contract blockchain platform Avalanche to create a voucher program powered by Web3 technology.

On March 20, Avalanche announced that Alipay’s ordering solution, Alipay+ D-store, and its partnered e-wallets are using Avalanche for a Web3-enabled voucher program.

The program was rolled out in Southeast Asian milk tea stores, letting consumers acquire vouchers by playing a mini-game. After completing the game, customers can claim a voucher in their e-wallet.

Avalanche explained that the vouchers let users get up to 50% discounts on over 500 milk tea shops.

The vouchers are powered by an Avalanche Subnet built and managed by its blockchain service, AvaCloud. According to Avalanche, the vouchers aim to allow brands like Alipay to experience solutions powered by Web3 technology. Avalanche wrote:

“The POC will allow brands like Alipay+ D-store to test Web3 solutions, including how they can help merchants foster new forms of interaction with users, helping retain them and generate new revenue streams.”
Furthermore, the blockchain platform said the program allows Alipay to collaborate with other brands using blockchain-powered features and digital collectibles.

Avalanche highlighted that the program is still in the first phase of its proof-of-concept (POC) stage. The blockchain platform said the program will roll out to more than 2,000 stores and aims to introduce the vouchers to 100 million users.

Avalanche has been building its ecosystem in 2024, partnering with well-known brands. On Feb. 20, the smart contract platform partnered with Sports Illustrated’s ticketing arm, SI Tickets.

Follow us for more informations ✅

$AVAX $BTC #HotTrends #AVAX✅ #Avalanche"

Solana meme coins battle! 👊 If you had to HODL one crypto meme coin for the rest of the year, which would you choose? 🤔

🔥— Slerf ($SLERF)

🐳 — Bonk ($BONK )

⚡️— dogwifhat ($WIF )

🍾 — BOOK OF MEME ($BOME )

Share your opinions to others. Maybe you will change someone’s mind and financial situation
$BOME $BONK $WIF
#HotTrends #BOME #meme coins"

Mysterious Bitcoin whale becomes 14th-biggest BTC holder

A mysterious Bitcoin whale, nicknamed “Mr. 100,” has sparked curiosity in the cryptocurrency space after amassing over 52,996 Bitcoin, worth over $3.5 billion, on-chain data shows.

Who is Bitcoin’s “Mr. 100”?

The Mr. 100 whale wallet bought at least 1,000 Bitcoin
BTC tickers down on March 15, which is 52% of the total 1,907 BTC bought by the 10 spot Bitcoin exchange-traded funds (ETFs), according to an X post by HODL15Capital.

This address has been continually receiving BTC since November 2022, when the FTX exchange collapsed. The wallet has been adding at least 100 BTC nearly every day since Feb. 14.

The wallet received some larger Bitcoin transfers from a secondary wallet address, which has also been adding tranches of 100 BTC since 2019. This suggests that the mysterious whale has been stacking sats since at least 2019, according to HODL15Capital, who also noted in a March 15 X post:

“What I do know is that this is NOT one of the U.S. ETFs. I have all those mapped.”

Mr. 100 continues accumulating regardless of Bitcoin price at near all-time highs, adding 400 BTC on March 12, when Bitcoin traded above the $72,000 mark.$BTC
#HotTrends
Source: https://cointelegraph.com/news/who-is-mr-100-bitcoin-whale-btc-holder

2 PART
TOP Gaming and AI projects ‼️

In this picture you can see the top projects with market capitalization
#HotTrends #AIProjects $IMX $NEAR

Exploring the Top Cryptocurrencies by Category

I tried to make top cryptocurrencies by category with market capitalization

Next post will be about top gaming and AI projects

Follow us for more informations
#HotTrends #TopTokens2024 $BTC $ETH $SOL

Why #1inch is HARAM? 🤷‍♂️

Let’s talk about it:

What is 1Inch: 1INCH coin?
The 1 Inch Network is a channel that connects three different decentralized blockchain protocols. The protocol permits the consolidation of liquidity from a variety of decentralized exchanges to facilitate cost-efficient transactions.

Is 1INCH project aligned with Islamic values?
No, 1INCH does not align with Islamic values, based on the points discussed here and therefore fails project screening. 1Inch is an exchange liquidity pool on Ethereum like Uniswap. The liquidity pool is linked to lending activity which is not in line with Islamic values.
1INCH Token Screening for Shariah Compliance
Token screening is an assessment of the mechanics of the token itself, to see if it is compliant with Islamic rulings. 1INCH platform contributes to the lending activity. It is used as a governance token and a utility token on the platform and based on this the token should be considered haram.

What Does The Muslim Crypto Community Think of 1Inch?
Sharlife considers 1INCH as a haram cryptocurrency based on the five areas assessed for Shariah complaince screening.
If you know of other academic or scholarly views on this, please add in comments and we will update accordingly. Alternatively, you may want to join our community of Muslims crypto investors and traders, to share, learn and profit from halal digital assets.

Is 1Inch Halal?
1INCH is a platform that filters over 33 different liquidity protocols in order to discover the most efficient swap route. With this platform, users can save money and time. Liquidity protocols are also involved in contributing pooling assets to a lending platform such as Aave and Synthetix which are not Shariah compliant. Overall, we consider 1INCH is against Shariah rulings and is a Haram cryptocurrency.

source: https://cryptoummah.com/is-1inch-halal/

#1inch #1INCH/USDT #haramcoin $1INCH

Which door will make you rich ?

$BTC $ETH $XRP #SHIBA🔥

Leave comment below 🙏

🔒 List of main tokens to be unlocked next week:

- #ICP 0.71% ($49.33 million) - March 11📅
- #APT 6.74% ($339.19 million) - March 12📅
- #OAS 10.07% ($12.92 million) - March 12📅
- #SWEAT 8.89% ($9.7 million) - March 13📅
- #RSS3 4.48% ($9.71 million) - March 14📅
- #BICO 3.25% ($12.79 million) - March 14📅
- #SEI 4.89% ($114.54 million) - March 15📅
- #CYBER 5.98% ($10.51 million) - March 15📅
- #UNI 1.39% ($119.8 million) - March 16📅
- #APE 2.51% ($36.06 million) - March 17📅
- #GPT 0.93% ($35.23 million) - March 17📅
- #ARB - (~$2.36 billion)1.11 billion tokens

#UnlockingEvent #TrendingTopic $APT $CYBER $ARB

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🚀 Bitcoin price will hit $138K in 16 days if history repeats

Crypto market analyst and Pomp Investments founder Anthony Pompliano recently pointed out that, if history were to repeat, the Bitcoin price might reach as high as $138,000 in the next three weeks after breaking its all-time high price of $69,000 on Tuesday.

“As we near the record high, if we go back and look at past record high breaks or when we eclipse the old all-time high, three of the four times, Bitcoin doubled in 18 days or less,” Pompliano said during an appearance on CNBC.

Do you agree with his prediction? 🤔
Write down your opinion to comment ✍️📝

👍 — Absolutely, I'm all in!

🚫 — Nah, I'll take a more cautious approach

#TrendingTopic #BTC #BTC/USDT: $BTC

#Aevo
Let’s talk about Aevo, Binance's 48th LaunchPool project !!!

About:

Aevo is built on a custom L2 based on the OP stack, enabling high throughput and performance while inheriting the security of Ethereum.
Product Ecosystem. The ecosystem of Aevo products provides everything any trader needs. Trade options, perps, yield and structured products in a single place.

Listing

Binance will then list AEVO at 2024-03-13 10:00 (UTC) and open trading with AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD and AEVO/TRY trading pairs.

AEVO Launchpool Details:
Token Name: AEVO (AEVO)
Max Token Supply: 1,000,000,000 AEVO
Launchpool Token Rewards: 45,000,000 AEVO (4.5% of max token supply)
Initial Circulating Supply: 110,000,000 AEVO (11% of max token supply)
Smart Contract Details: Ethereum
Staking Terms: KYC required
Hourly Hard Cap per User:
30,000 AEVO in BNB pool
7,500 AEVO in FDUSD pool

Dear binancians
What are you thinking about this #Aevo
Write your predictions in comment
#Launchpool #aevo

#MyFirstFeedPost Hello, Binance Square!

How it feels being a Bitcoiner who only buys and doesn't trade its wealth away 💪

Who wants to sell bitcoin at what price?

#BTC.😉.