G.M Frens
📰 Today's Crypto Rundown: All the must-know updates in one place! 👇
News 📝
• Bitcoin Reaches Key Resistance: Bitcoin saw its third consecutive day in the green, reaching $58,000 but facing resistance as it attempts to break $60,000. A Fed rate decision next week could play a major role in its next move. 📈 (CoinSwitch, CoinGecko)
• Rocket Pool Soars: Rocket Pool's native token, RPL, surged 22%, standing out in the top 500 tokens. This growth comes even as the Liquid Restaking Token (LRT) trend loses steam following the EigenLayer token launch. 🚀 (CoinSwitch, CoinDesk)
• Helium Loses Momentum: Helium (HNT), a leader in the Decentralized Physical Infrastructure space, dropped by 7% after pausing a growth rally. 🛑 (CoinSwitch, CoinGecko)
• PayPal & Venmo to Accept ENS: PayPal and Venmo plan to integrate Ethereum Name Service (ENS) for blockchain names, making cryptocurrency transactions even more accessible to mainstream users. 💳 (CoinDesk, Cryptonews)
• Coinbase Layer-2 Success: Coinbase’s Layer-2 solution, though not as technologically advanced as others, has gained significant traction thanks to effective marketing efforts. 📊 (CoinDesk, CryptoNews)
• API3’s New Oracle Solutions: API3 introduces advanced oracle solutions aimed at improving data accuracy and efficiency in decentralized finance applications. This move positions them to cater to growing demands in the DeFi space. 🛠️ (CryptoNews, Decrypt)
• XRP's Fade Amid Bitcoin's Wobble: Ripple's XRP struggles to gain momentum as Bitcoin's price volatility continues to impact altcoin markets. 📉 (DailyCoin, CoinTelegraph)
• Arthur Hayes Exits Short Position: Arthur Hayes, founder of BitMEX, has closed his short Bitcoin position and predicts a potential BTC rally in the coming days. 📈 (DailyCoin, BeInCrypto)
• Coinbase Wins Partial Legal Battle Against SEC: A New York judge has granted Coinbase access to key SEC documents, marking a significant step in their ongoing legal dispute. ⚖️ (DailyCoin, CoinDesk)
• QuickSwap’s Gasless Exchange: QuickSwap announces the launch of its gasless perpetual exchange, aiming to enhance user experience on Ethereum Layer 1. 🚀 (DailyCoin, CoinTelegraph)
• Cardano’s Memecoin Surge: Cardano's Nike-inspired memecoin jumps 130%, marking an unexpected rally amidst a generally flat crypto market. 🐷 (DailyCoin, BeInCrypto)
• NoOnes Exchange Defies Regulations: The crypto exchange NoOnes adds privacy coins like Monero and Zcash, pushing back against regulatory scrutiny. 🔒 (DailyCoin, CoinTelegraph)
• Shiba Inu DAO Funds Stolen: $90,000 worth of Ethereum was stolen from Shiba Inu's DAO fund, raising concerns over the project's security measures. 🐕🦺 (DailyCoin, BeInCrypto)
• ETFSwap Rising: As Bitcoin and Ethereum ETFs face bearish sentiment, ETFSwap is emerging as a promising project in the decentralized finance space. 🏦 (DailyCoin, CoinTelegraph)
• Aleph Zero Expands: Aleph Zero's new NEON program aims to accelerate global enterprise adoption of blockchain technology, partnering with giants like Vodafone. 🌐 (BeInCrypto, DailyCoin)
Crypto & DeFi Projects Updates 📈
Liquity V2 Launch ➤ Liquity has introduced Protocol Incentivized Liquidity (PIL), a mechanism aimed at boosting ecosystem liquidity. This upgrade brings new staking and liquidity incentives, providing users with a way to earn higher yields while stabilizing the system. 📈 (CryptoNewsLand, CoinDesk)
Ether fi’s Restaking Protocol ➤ Ether fi is moving to a restaking model on the Scroll Layer-2 network. This shift will help scale Ethereum more efficiently by providing lower fees and greater transaction throughput, while also allowing stakers to secure additional rewards. 🔄 (CoinDesk, CryptoNews)
MakerDAO's Compliance Focus ➤ MakerDAO is shifting its priorities towards regulatory compliance, rather than focusing solely on decentralization. By doing so, they aim to meet legal standards while continuing to grow their DeFi lending platform without centralization risks. ⚖️ (CryptoNews, Decrypt)
Kujira Expansion on THORChain ➤ Kujira’s integration with THORChain is set to enhance decentralized exchange capabilities, improving liquidity across multiple assets. This move bolsters Kujira's presence in the DeFi space, creating cross-chain liquidity solutions. 🔗 (Cointelegraph, CoinDesk)
API3’s Oracle Update ➤ API3’s latest oracle solution promises greater efficiency for DeFi applications by providing more accurate real-time data. This service will help DeFi protocols better manage price feeds, enabling safer and more precise financial instruments. 🛠️ (CryptoNews, Decrypt)
Tonstakers Rewards Program ➤ Tonstakers, supported by the TON Foundation, launched liquidity rewards for tsTON holders. This initiative is part of a broader strategy to increase network liquidity and reward long-term stakers with attractive incentives. 💧 (BlockchainReporter, Cointelegraph)
Aave GHO Stablecoin Plan ➤ Aave’s native stablecoin, GHO, is on the cusp of meeting its $40M market cap goal to enable buyback mechanisms. This milestone would solidify its position in DeFi lending markets and offer increased stability for users. 💰 (Cryptopolitan, CryptoNews)
Stay informed, stay ahead! 🚀
See u soon 😇
Maboo :)
