via @HGEABC on X A new #BTCL2 , #MerlinLayer2 , now has a l | kaymyg on Binance Square

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via @HGEABC on X

A new #BTCL2 , #MerlinLayer2 , now has a larger #TVL than $SOL .
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Coinbase has rolled out trading support for the brand-new native token of an Ethereum (ETH) layer-2 restaking protocol. Customers at the top US crypto exchange can now buy and sell SWELL, which launched on Thursday. $SWELL is the governance token for the Swell Decentralized Autonomous Organization (DAO), which manages the development and growth of the restaking protocol. SWELL also secures the project’s layer-2 infrastructure. Explains the project’s whitepaper, “Swell’s mission is to create a more secure, decentralized and transparent financial future for the world that does not discriminate or censor economic freedom. The beginning of that journey for Swell starts with continuing to advance liquid staking as one of the fundamental building blocks of modern-day decentralized finance (DeFi) that is composable and fully integrated with the Ethereum ecosystem.” Coinbase added the “experimental label” to SWELL, which the platform assigns to tokens that pose certain risks such as price swings and canceled orders because of lower trading volume and availability. SWELL is trading at $0.0372 at time of writing. The 706th-ranked crypto asset is up more than 9% on its first full day of trading. Kraken, Bybit, KuCoin, Bitrue, MEXC, Bitget and a flurry of other digital asset exchanges also listed SWELL on Thursday.

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#COINCU #Polymarket , a decentralized prediction market platform, is rumored to be planning a token airdrop after its success during the 2024 U.S. presidential election. The platform saw significant growth, with betting volumes reaching $3.6 billion by November 5, 2024. Polymarket has hinted that users who reinvest their winnings into new markets might be eligible for rewards and future token drops. This follows the platform's recent rise in popularity and significant fundraising efforts, including a $70 million investment round. Although no official confirmation has been made, some users have received messages suggesting upcoming airdrops for those reinvesting in the platform. Polymarket has also attracted high-profile investors like #PeterThiel and #VitalikButerin . $POL

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#COINCU North Korean hacker group #BlueNoroff has been targeting cryptocurrency firms with a new malware campaign called "Hidden Risk" since April 2023. The campaign primarily exploits MacOS vulnerabilities, delivering malware through phishing emails with fake PDF links. Once opened, these PDFs download malware that gives hackers remote access to victims' systems, enabling them to steal sensitive data, including private keys for digital wallets. The #FBI and #CISA have issued warnings about ongoing threats from North Korean hackers, particularly BlueNoroff, which has long targeted the crypto industry. In recent months, the group has increased its efforts, including using fake domains to further deceive and extort victims. This campaign follows a pattern of cyberattacks linked to the #LazarusGroup , which is also associated with high-profile cybercrimes.

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#Tether , the issuer of the $USDT #stablecoin has financed a $45 million Middle Eastern crude oil deal involving 670,000 barrels, signaling its move into the $10 trillion trade finance industry. This expansion marks Tether's efforts to diversify beyond cryptocurrency by supporting global trade transactions, which traditionally rely on slower, costly payment methods. In addition to trade finance, Tether is also investing in bitcoin mining, artificial intelligence, and venture capital. Despite these developments, Tether faces scrutiny from U.S. authorities over potential sanctions and money-laundering violations, which the company denies.

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Binance Labs has invested in #BIOProtocol , marking its first venture into the decentralized science (DeSci) sector. BIO Protocol aims to leverage blockchain to support fundraising and commercialization of early-stage scientific research. Binance Labs describes BIO as a blockchain-based equivalent of Y Combinator for science, helping finance and organize research through decentralized autonomous organizations (DAOs). BIO’s initial token event raised $6 million, and it has now raised a total of $13 million. The platform supports research in diverse fields, including cryopreservation, women’s health, and mental health psychedelics, with plans for decentralized AI research agents.

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