New York, NY, September 17th, 2024, Chainwire

tBTC on EigenLayer offers users new restaking opportunities to earn rewards as Bitcoin demand outpaces other crypto markets 

EigenLayer’s adoption of tBTC spotlights tBTC’s role as one of the most decentralized assets for securely growing the BitcoinFi ecosystem 

Threshold Network, the DAO behind tBTC, the first decentralized asset bridging Bitcoin and Ethereum, announced that EigenLayer, the restaking protocol built by Eigen Labs, has officially started accepting tBTC deposits, making tBTC the first incentivized bitcoin asset on EigenLayer.

Threshold’s integration with EigenLayer underscores the BitcoinFi community’s outpaced demand for staked Bitcoin—a major shift towards maximizing the full earning power of Bitcoin for users,” commented MacLane Wilkison, Contributor to Threshold. “It is a testament to tBTC’s strength in securing the BitcoinFi ecosystem through the diversification of assets available. To date, leading protocols including Curve, GMX, and Compound, among others, have integrated the asset for its flexibility as one of most decentralized wrapped assets on the market.” 

The Threshold Network DAO, which governs tBTC, offers incentives of up to $45K in T over the first 3 months for new users who deposit tBTC into EigenLayer. With Eigenlayer, users have a new way to maximize capital efficiency: opting in to secure additional protocols through restaking. This method strengthens economic security by leveraging Bitcoin’s stability—an asset that accounts for over 50% of the total crypto market cap—and merging its long-term non-inflationary nature with the Proof of Stake (PoS) consensus model. Notably, restaking just 7% of Bitcoin’s total supply would provide the same level of economic security as Ethereum, underscoring Bitcoin’s potential as a PoS asset.

“The inclusion of Threshold’s tBTC as a restakeable asset on EigenLayer is another major step forward towards open innovation by building connectivity with the bitcoin ecosystem, broadening the scope of assets that can contribute to securing decentralized networks, and providing greater optionality and utility for AVSs and restakers,” stated Sreeram Kannan, Founder and CEO of Eigen Labs.

Following the emergence of Bitcoin staking projects like Babylon, Lombard, and Acre, EigenLayer’s adoption of tBTC is a testament to the power of Bitcoin restaking in incentivizing users to put Bitcoin to use beyond a store of value. tBTC’s ability to bridge the Bitcoin and Ethereum ecosystem makes it the optimal solution for driving the development of the BitcoinFi ecosystem. 

About Threshold Network:  

Threshold Network offers decentralized cryptography services that enhance privacy and security on public blockchains by distributing operations across independent nodes. Powered by the T token, users can stake and operate nodes to support key services like tBTC, a Bitcoin bridge, and TACo, an access control tool. By minimizing reliance on centralized entities, Threshold ensures trustless, secure, and privacy-focused solutions for decentralized applications in the evolving Web 3.0 landscape. To learn more, please visit: https://threshold.network/  

About EigenLayer: 

EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through a system of interconnected smart contracts, any ERC-20 token, such as tBTC, can be “restaked” to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS. 

Contact

M Group on Behalf of Thresholdtkaufmann@mgroupsc.com

Staking is among the most popular ways through which passive income is generated in the crypto space. It presents investors with the opportunity to increase their holdings by locking up their assets in a Proof of Stake network. In the wake of the evolution of staking, crypto staking platforms with high APYs have grown in appeal. The best among them is STAKING AI, which does not only offer high APY but superior benefits and rewards for both advanced crypto investors and complete newbies. Some of the top 4 crypto staking platforms include the following:
STAKING AIKrakenBinanceCoinbase
 
 
STAKING AI: Best Overall Crypto Staking Platform
STAKING AI revolutionized the staking market by offering a high-yield, user-friendly, and highly secure staking environment. From crypto newbies to serious investors, STAKING AI provides a seamless experience with high APY in many different types of cryptocurrencies. With a mission to make staking easy for one and all, STAKING AI secures your assets and gets you regular rewards with minimal hassle.

 
Why Choose STAKING AI?
Free $100 Staking Bonus: STAKING AI welcomes its new users by offering them an instant $100 bonus to get started with your staking journey.
Rich Variety in Staking Pools: STAKING AI supports a wide variety of staking pools, including premium assets such as Ethereum, Solana, and Polygon, among others. The staking amount ranges from $100 to $300,000, while APY gives consistent returns day in and day out.
Referral Commissions: Earn by referring friends. You earn a 4% commission with every successful referral, earning from the Staking activity of your referrals to further maximize your profits.
Flexible Staking Plans: STAKING AI offers a range of plans that can cater for either short-term or long-term gains, depending on one’s investment goal.
Liquid Staking: Keep your assets liquid even in the event of staking. STAKING AI works with leading liquid staking providers to ensure, at all points in time, the availability of funds for you while you continue to earn rewards.
 
 
Getting Started with STAKING AI
Quick Registration: Sign up with your email, username, and referral code if you have one. New users get daily free staking opportunities.
Staking Plan Selection: Choose from the best available staking plans for the cryptocurrencies, which include an Ethereum staking pool giving as much as $6,000 daily in returns.

Reward Earning: STAKING AI settles rewards in your account balance every 24 hours to make real-time earnings a guarantee.
 
 
Infrastructure and Security
STAKING AI works with world-class infrastructure, ensuring 24/7 uptime for validator nodes and protection of the assets in custody. It has gained over 630,000 stakers’ trust and $1.7 billion in value staked, which consolidated its spot among the leaders of this market.
 
Kraken
Kraken is also one of the most popular staking platforms since it is very secure and friendly. Kraken offers staking functionalities for most PoS assets such as Ethereum, Polkadot, and Solana. With one of the highest APYs on most assets, Kraken sports a friendly interface, making it perfect for new investors of staking.
Kraken Features:
APYs: Kraken often offers competitive staking rates. The rates usually sit in the range of 6-12%, depending on the asset.
Security: Kraken is one of the most trusted crypto exchanges and provides the best security features to safeguard the staked assets.
Ease of Use: The interface at Kraken is pretty intuitive to use and allows users to start staking quickly with hardly any technical knowledge.
 
 
Binance.US
Binance.US is the American arm of Binance, a worldwide cryptocurrency exchange giant. Binance.US allows users to stake some but not all cryptocurrencies in the U.S. at competitive APYs.
Binance.US Features
High APYs: Depending on the asset and duration of staking, the APY of staking on Binance.US could be as high as 20%.
Liquidity: Just like STAKING AI, Binance.US also offers flexible staking, whereby users can stake and unstake assets with minimum restrictions.
 
Coinbase
Coinbase is among the most trusted names within the crypto space. The platform boasts excellent regulatory compliance, and its intuitive layout makes this service an excellent choice for investors who value security.
Coinbase Features:
Ease of Use: Coinbase is a great starting point for users who aren’t exactly experts at staking. It has step-by-step guidelines with minimal complexity.
APYs: APY staking on Coinbase is usually low compared with that of other platforms, like STAKING AI, Binance.US, and Kraken.
Security: Being a United States-regulated exchange, it is very secure and reassuring for customers.
 
Conclusion: Why STAKING AI Keeps the First Place
While staking services provided by Kraken, Binance.US, and Coinbase are good, STAKING AI has the best rewards, the most flexible plans, and referral bonuses. STAKING AI offers high APYs, a $100 sign-up bonus, and lifetime referral commissions to create a leading platform for crypto investors to maximize their earnings.
If you’re a novice to staking or an accomplished investor, why settle for anything less when STAKING AI can offer the best? Stake with STAKING AI today and unlock your crypto assets to their full potential.

Blockchain technology, known for its role in cryptocurrency, is creating a new path in the energy sector. Traditional power grids often face issues like centralized control, inefficiency, and high costs. Blockchain offers a new approach to these problems, promising a more open, secure, and efficient system. By introducing decentralized grids, blockchain allows for a new way to generate, distribute, and trade energy.

 

 

The Concept of Decentralized Grids

Decentralized grids are systems where energy production and distribution happen on a smaller scale. Local generation produces power instead of relying on a single, central power plant to supply electricity to an entire region—often through renewable sources like solar panels or wind turbines. This localized approach can reduce transmission losses and enhance energy security.

In a decentralized grid, energy producers, like homeowners with solar panels, can sell excess energy to their neighbors. Blockchain acts as a ledger to record and verify these transactions. This system can potentially lead to a more resilient and efficient energy network.

 

 

How Blockchain Fits into the Energy Sector

Blockchain’s primary feature is its ability to record transactions in a secure and transparent manner. In the energy sector, companies use it to track energy production, distribution, and consumption. Smart contracts, which are self-executing contracts with terms directly written into code, automate and streamline energy trading.

Key Benefits of Using Blockchain in Energy:

Transparency: Every transaction is recorded on a public ledger, reducing the chances of fraud.

Security: Blockchain is immune to hacking since it is decentralized.

Efficiency: Automated processes reduce the need for intermediaries, lowering costs.

Accessibility: Enables peer-to-peer energy trading, allowing more people to participate in the market.

 

 

Renewable Energy and Blockchain

Solar and wind, inherently decentralized, allow for small-scale generation, making them perfect for integration with blockchain-based grids. Individuals and businesses can install solar panels and wind turbines, using blockchain to manage the energy they produce and consume.

Table: Comparison Between Traditional and Blockchain-based Energy Systems

Feature Traditional Energy System Blockchain-based System Control Centralized Decentralized Energy Trading Limited to large entities Open to individuals Transparency Low High Transaction Speed Slow Fast Cost High due to intermediaries Lower Security Vulnerable to hacks Highly secure

Peer-to-Peer Energy Trading

Peer-to-peer (P2P) energy trading is one of the most interesting uses of blockchain technology in the energy industry. In a traditional system, consumers can only buy energy from large utility companies. With blockchain, consumers can buy and sell energy directly with each other.

Imagine a neighborhood where each house has solar panels. On a sunny day, some houses generate more energy than they use. Instead of sending this excess energy back to the grid, they can sell it directly to their neighbors using a blockchain platform. Smart contracts can automate this peer-to-peer trading, ensuring that transactions occur only when certain conditions are met.

 

 

How Energy Trading Works with Blockchain

When a household produces excess energy, it sends a signal to the blockchain network. The network matches this household with another that needs energy. The terms of the transaction—like price and amount—are set by a smart contract. Once the trade is complete, the blockchain records it, and the payment is transferred automatically. This process eliminates the need for a middleman and makes the system more efficient.

 

 

Challenges and Considerations

While blockchain offers many benefits, integrating it into the energy sector is not without challenges. One issue is scalability. Blockchain networks can become slower and less efficient as more transactions are added. Energy trading involves a high volume of transactions, which could overwhelm current blockchain networks.

Another challenge is regulatory compliance. Regulations heavily govern the energy sector, creating uncertainty about how blockchain-based systems will fit into existing frameworks. Authorities need to address questions about taxation, data privacy, and consumer protection before blockchain can achieve wide adoption.

 

 

Real-World Applications and Examples

Several projects worldwide are exploring how blockchain can revolutionize the energy sector.

Power Ledger (Australia): An energy trading platform that allows users to buy and sell solar power using blockchain technology.

Brooklyn Microgrid (USA): A community project where residents can trade locally-produced solar energy using a blockchain platform.

WePower (Europe): Enables renewable energy producers to sell their energy directly to consumers using blockchain.

 

The Future of Decentralized Grids

As renewable energy becomes more popular, decentralized grids powered by blockchain may become the norm. This shift could lead to a more sustainable and efficient energy system, where individuals have greater control over the energy they use and produce.

Blockchain can help address some of the most pressing issues in the energy sector, from reducing carbon emissions to making energy more affordable. While challenges remain, the potential for a decentralized, blockchain-powered energy grid is significant. This technology could lead to a future where energy is not just a commodity but a shared resource managed by the community for the community.

Blockchain is offering new ways to rethink energy distribution and consumption. By enabling decentralized grids and peer-to-peer energy trading, it has the potential to create a more efficient, secure, and sustainable energy sector. Although there are hurdles to overcome, the progress being made shows promise for a future where energy systems are not just decentralized, but also democratized.

Singapore, September 2024 — The future of technology is here, and it’s time to unlock new frontiers! Orbis86, a trailblazer in Web3 innovation, invites you to dive deep into the cutting-edge world of blockchain, AI, and tokenization at “Orbis X Hotcoin X Hedera – The Future of Tech: Web3 Networking Mixer” on September 20th, 2024, from 3:00 PM to 6:00 PM SGT in Singapore. This power-packed event is more than a conference—it’s a launchpad for the future, bringing together a vibrant community of innovators, investors, and tech enthusiasts who are shaping tomorrow’s digital landscape today.

The agenda is set, the stage is primed, and the conversations promise to be nothing short of electrifying. From thought-provoking panel discussions to insightful keynotes and hands-on networking, attendees will be front-row witnesses to the most exciting trends in Real-World Asset Tokenization (RWA) and blockchain technology. 

 

 

Speaker and Panelist Featuring:

Pathorn T., Developer Advocate at Hashgraph

Sonny Mohanty, Head of Ventures and Ecosystem Building at XDC Network

Sandy Carter, Chief Operating Officer, Unstoppable Domains

Steven, COO, Hotcoin

Varuni Trivedi, Editor-in-Chief, The Coin Republic

The panel will explore how Web3 can revolutionize industries and unlock new avenues of value creation.

This event isn’t just about discussions; it’s about making connections that matter. Over three hours of networking, attendees will have the chance to meet thought leaders and changemakers, sharing insights over future-defining ideas. Whether you’re a seasoned blockchain guru or just curious about what the decentralized future holds, this mixer is the perfect platform to link up, level up, and lead in the Web3 space.

The Networking Mixer is hosted by Orbis86, known for its cutting-edge approach to community building through its Utility-as-a-Service model. With a mission to create an inclusive space for collaboration and innovation, Orbis86 has consistently brought together the best minds in Web3 and AI, fostering partnerships that push boundaries and challenge the status quo.

Sponsored by Hotcoin and Hedera the event will showcase the visionaries behind some of the most transformative technologies of our time. 

Hotcoin – Title Sponsor: HOTCOIN was founded in November 2017 and is a user-friendly one-stop cryptocurrency platform. With over 6 years of operation, we have served over 6 million users in 97 countries and regions worldwide. Holding licenses for cryptocurrency trading and foreign exchange in Australia, as well as an MSB license in the United States, we consistently adhere to global compliance standards.

They have established Hotcoin community service centers in North America, Dubai, Japan, Singapore, and Hong Kong, providing 24/7 customer service to users worldwide. Our commitment is to offer secure, efficient, and diversified cryptocurrency services.

 

Hedera – Title Sponsor, is an open-source, leaderless proof-of-stake public ledger. Hedera’s robust ecosystem is built by a global community, on a network governed by a diverse council of industry-leading organizations, including abrdn, Avery Dennison, Boeing, Chainlink Labs, COFRA Holding, DBS Bank, Dell Technologies, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, Hitachi, IBM, the Indian Institute of Technology (IIT), LG Electronics, The London School of Economics (LSE), Magalu, Nomura Holdings, ServiceNow, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, Ubisoft, University College London (UCL), Wipro, and Zain Group.

 Together with XDC Network – Venue Sponsor, leading the charge in enterprise-grade blockchain solutions, the event promises to be a hotbed of ideas and innovations.

Unstoppable Domains – Merch Sponsor: empowers user-owned digital identities via Web3 domains, enabling seamless login, payments, and full website ownership. OffChain and Web3Preneur are key partners dedicated to empowering innovators and advancing Web3 startups. Their support ensures this event fosters dynamic collaboration and growth in the tech ecosystem.

This event is more than just a chance to talk tech; it’s an opportunity to be part of the movement shaping the next generation of digital transformation. Whether it’s new blockchain-based solutions, AI advancements, or the integration of Real-World Asset Tokenization, this networking mixer is where tomorrow’s tech titans will make today’s deals.

So, mark your calendars and get ready to engage, network, and innovate at “Orbis86 X Hotcoin X Hedera – The Future of Tech: Web3 Networking Mixer.” Supported by media partners like Voice Of Crypto | ​TUA Crypto | Trade Base | The Bit Crypto | Crypto Tion | Crypto News Bulls (CNB) | Coin Zebro | Crypto Craze | Bitcoin All | Crypto Papers | Lucky Coiner | CoinPedia | CoinCodex | CoinCheckup| Coinspeaker | Blockchainreporter | Bitcoin World | Crypto New | Cryptopolitan this event is guaranteed to be a future-defining moment for anyone looking to tap into the endless possibilities of Web3.

Join us in Singapore and be a part of the future.

Singapore, Singapore, September 17th, 2024, Chainwire

The world’s largest martial arts organization will leverage Sui’s technology for its products and highly anticipated mobile game ONE Fight Arena built in partnership with Animoca Brands

Sui, a cutting-edge Layer 1 blockchain, today announced it will be the official blockchain partner of ONE Championship (“ONE”), the world’s largest martial arts organization. ONE events represent the full spectrum of martial arts, with world-class athletes from more than 80 countries competing across MMA, Muay Thai, kickboxing, submission grappling, and other disciplines. The partnership was announced during a panel at Sui’s Singapore Builder House during Token2049, the world’s largest crypto event.

Through this partnership, Sui will be integrated into various ONE products, including ONE Fight Arena, the promotion’s highly anticipated official Web3-enabled free-to-play mobile game, built in partnership with Animoca Brands and its subsidiary Notre Game. ONE Fight Arena features ONE’s robust roster of world champion martial artists and vast IP library.

The mobile game will leverage Sui’s world-class technology to provide a novel gaming experience with true digital ownership at its core, while allowing ONE to directly engage with its global fan base in a deeper manner. 

Sui’s integrations will include a comic/manga series about ONE athletes accessible through zkLogin and powered by the Walrus protocol on Sui, a free-to-play pick’em game where fans can win a variety of rewards and phygital collectibles that blend physical and digital aspects.

“ONE Championship is the fastest-growing major global sports property and has established a reputation for being extremely forward-thinking and technologically innovative,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Being chosen as their official blockchain partner and being integrated into their tech stack is a validation of Sui’s growth and adoption trajectory and another opportunity to serve the sports community with Sui’s technology.”

As ONE’s official blockchain partner, Sui is expected to gain significant visibility and brand exposure during marquee scheduled events, which will be accessible in-person for thousands of people and broadcasted to millions globally into over 190 countries through a network of partners, including Prime Video, Sky Sports, Globo, Channel 7 HD, U-Next, Seven Network, and Disney+ Hotstar.

“In today’s competitive landscape, capturing attention demands high-quality, interconnected, and engaging experiences. By offering world-class events, innovative gaming, second-screen features, and leveraging Web3 technology, we aim to connect with fans on a deeper level,”, said Hua Fung Teh, Co-Founder and Group President of ONE Championship. “Sui perfectly aligns with these objectives, and we are thrilled to partner with them as our official blockchain partner to bring this vision to life.”

Contact

Sui Foundationmedia@sui.io

Montevideo, Uruguay, September 16th, 2024, Chainwire

The Rootstock community is set to conclude the “Rootstock World Tour,” one of its largest ecosystem campaigns, on September 30, 2024. This campaign, hosted on the Galxe platform, is bringing together partners from across the Rootstock ecosystem, offering users interactive opportunities to engage with 12 different decentralized applications (dApps) on the Rootstock blockchain.

Throughout the tour, participants will gain hands-on experience, enhance their knowledge of decentralized finance (DeFi) and blockchain technologies, and earn rewards for their engagement. The campaign is providing a unique opportunity to explore and interact with various Rootstock integrations.

Users can check out the campaign on Galxe here.

About Rootstock

Rootstock is the first, biggest, and longest-lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.

Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless. 

Rootstock World Tour Overview

The Rootstock World Tour campaign began on August 5, 2024, and is spinning a total of 12 quests across different destinations within the Rootstock ecosystem. Users who complete these quests have the chance to earn unique rewards, including Rootstock NFTs and Air Miles points. Additionally, participants are eligible for a raffle on September 30, 2024, where three winners will be selected to receive $3,000 in RBTC, Rootstock’s native token pegged 1:1 to Bitcoin (BTC).

Campaign Details and Rewards

Participants of the Rootstock World Tour are invited to engage in various activities through the 12 featured dApps: Jumper, Rubic Exchange, SushiSwap, Oku, Symbiosis, Woodswap, Money on Chain, Sovryn, Tropykus, RNS, Elk Finance, and CoNFT.

By completing quests such as obtaining RBTC, swapping tokens within the ecosystem, minting Rootstock NFTs, staking, and interacting with RNS domains, users can earn rewards from each individual dApp. Completing all quests also unlocks additional rewards and boosts participants’ chances in the final raffle.

Timeline and Raffle

The Rootstock World Tour ends on September 30, 2024, at which point the raffle will be held to award three winners with $3,000 in RBTC.

Quests 

To complete the tour, users can visit 12 destinations to do 5 types of quests: 1) Getting RBTC, 2) swapping RBTC to a token in the ecosystem (RIF, USDRIF, DLLR, MoC, rUSDT, or WRBTC), 3) minting a Rootstock NFT, 4) putting the tokens to work by staking, depositing, or adding liquidity, and 5) Minting an RNS (RIF Name Service) domain.

Interacting with any of these dApps is considered a quest by itself whether users take a further step or not. Each Rootstock community partner will publish the terms and conditions applicable to such particular quest.

Resources and Support

To navigate the Rootstock ecosystem, it’s useful for users to read through the following:

Comprehensive list of wallets compatible with the Rootstock ecosystem

Understanding the tokens in the Rootstock ecosystem; RBTC, RIF, and USDRIF

Guide to displaying Rootstock NFTs in your Metamask wallet

More detailed information about the quests is available on Rootstock.

Legal disclaimer

This article is for general information purposes only. It does not constitute legal, financial, or other professional advice, and should not be relied upon as such. RootstockLabs accepts no responsibility for any loss or damage that may arise from reliance on information contained in this publication. Readers should do their own research or seek independent professional advice before making any decision based on the information contained in this publication.

Contact

Rootstock Communityjouman.hajjar@rootstocklabs.com

Bitwise Analyst: Fed Rate Cuts Could Positively Impact Crypto Market

André Dragosch, head of European research at Bitwise, has projected that a potential 50 basis point rate cut by the U.S. Federal Reserve could have a beneficial effect on the cryptocurrency market. According to a report by The Block, Dragosch’s analysis highlights the influence of monetary policy on the crypto sector.

Key Insights from André Dragosch

1. Impact of Fed Rate Cuts:

Dragosch believes that if the Federal Reserve implements a 50 basis point rate cut, it could positively impact Bitcoin and other cryptocurrencies. This sentiment stems from the broader relationship between interest rates and investment flows into alternative assets.

2. Market Reactions to Rate Cut Expectations:

The analyst notes that the crypto market may respond more to expectations of rate cuts rather than the actual reduction in rates. He points out that recent economic indicators have shown increased momentum, suggesting that market participants are already factoring in the possibility of future rate cuts.

3. Influence of Economic Conditions:

Dragosch anticipates that expectations of further rate cuts, driven by a weakening U.S. economy and the potential for a recession, will create a favorable environment for cryptocurrencies. Lower interest rates typically encourage investment in riskier assets, including digital currencies.

4. Crypto Market Dynamics:

The potential positive impact of rate cuts on the crypto market aligns with historical trends where lower interest rates have led to increased investment in alternative assets. Dragosch’s analysis suggests that the crypto market could benefit from enhanced investor confidence and capital inflows.

Broader Implications for the Crypto Market

1. Investment Strategies:

Investors might adjust their strategies in anticipation of Fed rate cuts, potentially increasing their exposure to cryptocurrencies as part of a diversified portfolio. The prospect of lower interest rates could drive interest in assets like Bitcoin, which is often seen as a hedge against inflation and economic instability.

2. Market Sentiment:

Positive expectations around rate cuts could boost market sentiment, leading to increased buying activity and higher valuations for cryptocurrencies. Dragosch’s forecast highlights the importance of monetary policy in shaping market dynamics and influencing investor behavior.

3. Economic Uncertainty:

The potential for further rate cuts amid economic uncertainty could reinforce the role of cryptocurrencies as an alternative investment. As traditional economic indicators fluctuate, digital assets may attract more attention as a store of value or speculative opportunity.

Conclusion

André Dragosch’s analysis suggests that the cryptocurrency market could see favorable conditions if the Federal Reserve implements rate cuts. With expectations of lower interest rates potentially driving investor interest in digital assets, Bitcoin and other cryptocurrencies may benefit from increased capital inflows and positive market sentiment. As economic indicators evolve, the relationship between monetary policy and the crypto market will continue to be a key area of focus for investors.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

MicroStrategy Holds 1.17% of Total Bitcoin Supply

MicroStrategy, a prominent business intelligence firm with a strong focus on Bitcoin development, has amassed approximately 245,000 Bitcoin (BTC), representing 1.17% of the total Bitcoin supply of 21 million. This notable accumulation was reported by Ecoinometrics on X (formerly Twitter), highlighting MicroStrategy’s continued commitment to increasing its Bitcoin holdings.

Key Points About MicroStrategy’s Bitcoin Holdings

1. Significant Bitcoin Accumulation:

MicroStrategy’s Bitcoin holdings are substantial, accounting for over 1% of the total Bitcoin supply. With 245,000 BTC in its portfolio, the firm’s Bitcoin reserves are larger than those held by many spot Bitcoin exchange-traded funds (ETFs).

2. Ongoing Accumulation Strategy:

The firm has consistently increased its Bitcoin holdings, demonstrating a strategic approach to acquiring and holding the cryptocurrency. This accumulation aligns with MicroStrategy’s long-term strategy to leverage Bitcoin as a key asset.

3. Comparison with Bitcoin ETFs:

MicroStrategy’s holdings surpass those of most Bitcoin spot ETFs, which typically hold a fraction of the total Bitcoin supply. This positions MicroStrategy as one of the largest institutional holders of Bitcoin.

Impact on the Bitcoin Market

1. Market Influence:

MicroStrategy’s significant Bitcoin holdings impact market dynamics, reflecting institutional confidence in Bitcoin’s value. The firm’s large position could influence Bitcoin’s liquidity and market behavior.

2. Institutional Adoption:

The firm’s strategy underscores the growing institutional adoption of Bitcoin. MicroStrategy’s holdings demonstrate a commitment to Bitcoin beyond short-term trading, contributing to its perception as a long-term investment asset.

3. Price Implications:

As a major holder, MicroStrategy’s buying and selling activities can affect Bitcoin’s price. The firm’s continued accumulation could potentially exert upward pressure on Bitcoin’s value, given its large share of the supply.

Future Outlook

1. Continued Accumulation:

MicroStrategy is expected to maintain or even increase its Bitcoin holdings, depending on market conditions and strategic goals. This ongoing accumulation reinforces its role as a significant player in the Bitcoin market.

2. Market Trends:

The firm’s actions will likely continue to be closely watched by market participants. Changes in MicroStrategy’s Bitcoin holdings could serve as indicators of broader market trends or shifts in institutional investment strategies.

3. Institutional Influence:

As institutional interest in Bitcoin grows, firms like MicroStrategy will play a crucial role in shaping market trends and influencing Bitcoin’s adoption and valuation.

Conclusion

MicroStrategy’s holding of 1.17% of the total Bitcoin supply underscores its significant role in the cryptocurrency market. By maintaining a substantial position in Bitcoin, the firm exemplifies institutional confidence and long-term commitment to the digital asset. As Bitcoin continues to evolve, MicroStrategy’s strategy will be a key factor in understanding broader market trends and institutional adoption of cryptocurrency.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

Panama City, Panama, 16 September – Bitcoin trading protocol Velar has announced the beta launch of its perpetual swaps DEX on BOB (Build on Bitcoin). Its release marks a world first in bringing onchain perps markets to the Bitcoin ecosystem. 

The mainnet deployment of Velar Artha PerpDex allows users to begin exploring the features and capabilities of the first Bitcoin-native decentralized exchange for futures trading. The culmination of years of innovation in the Bitcoin and DeFi space, Velar Artha provides an entirely new way of interacting with Bitcoin.

By leveraging the robust security and unparalleled network effects of Bitcoin, combined with the flexibility and capital efficiency of perpetual contracts, Velar Artha opens up a new frontier in decentralized finance. The Velar Artha platform is built on BOB, the Bitcoin layer-2 that supports lightning-fast trades, enhanced scalability, and reduced transaction costs while maintaining the security guarantees of the Bitcoin network. This allows traders to engage with sophisticated financial products without ever leaving the Bitcoin ecosystem.

Users can begin trading on Vela Artha now and connect their wallet to BOB. Its non-custodial design ensures that traders retain full control of their assets at all times, while advanced market-making algorithms maintain deep liquidity for an optimal trading experience. Velar CEO Mithil Thakore said: “The launch of the first Bitcoin PerpDex isn’t just a milestone for Velar and BOB, but for the entire Bitcoin DeFi ecosystem. It unlocks a powerful new use case for L2 assets while leveraging the untapped liquidity of the Bitcoin network. The ability to make perpetual swaps onchain forms a versatile DeFi primitive that will allow bitcoiners to do more with their assets.”

The beta launch of Velar Artha PerpDex allows traders to begin accessing perpetual contracts with leverage of up to 20x. The mainnet launch has been bootstrapped with sufficient liquidity to ensure users can create leveraged positions for the most popular trading pairs. Initial liquidity will be gradually increased, allowing traders to interact with the platform’s full feature set.

DeFi users are invited to participate in Velar Artha’s beta phase and provide feedback and insights that will help to enhance the world’s first Bitcoin PerpDex. A host of upgrades are already scheduled for the coming months including additional trading pairs, enhanced UI/UX, advanced trading tools and analytics, and community governance initiatives.

Velar is on a mission to unlock the billions of dollars in untapped liquidity that exist on Bitcoin. Through innovations such as Velar Artha, Velar is pioneering new ways for BTC to be utilized onchain. As a result, bitcoiners can grow their digital wealth while retaining full custody of their assets.

The beta launch of Velar Artha PerpDex represents a significant leap forward in the Bitcoin ecosystem. For the first time, traders can engage with perpetual contracts directly on a Bitcoin-native platform, combining the security and liquidity of Bitcoin with the flexibility of perpetual swaps.

 

About Velar

Velar is building the user interface to access the most secure blockchain ever created. Velar Dharma enables anyone to effortlessly trade their favorite Bitcoin-based tokens via a user-friendly interface while Velar Artha serves as the world’s first Bitcoin PerpDex. Velar is laying the groundwork for a new era of Bitcoin-powered financial innovation while unlocking untapped liquidity and empowering users to take control of their digital assets.

 

Learn more: http://velar.com

 

Singapore, Singapore, September 16th, 2024, Chainwire

Built on Base, Unite is launching its inaugural earning season

Users can earn $UNITE tokens in Mom’s Kitchen, the first profitable casual mobile game in Web3 

Minting Soul Bound Token (SBT) In-Game Asset Offers an Exclusive Bonus Multiplier for Airdrop

Unite, a groundbreaking Layer 3 blockchain solution built on Base and backed by industry leaders like Coinbase Ventures, OKX Ventures, Solana Ventures, and Superlayer, is excited to launch its inaugural in-game season for the popular casual mobile game, Mom’s Kitchen: Cooking Games.

Since its June launch, Unite has quickly established itself as a key player in web3 mobile gaming infrastructure; achieving over 5 million downloads across its suite of games on iOS and Android. Unite’s mission is to bring the mobile gaming industry’s massive $90 billion revenue and its 2.8 billion players into the world of web3, setting a new standard for blockchain-based gaming experiences.

Introducing The $UNITE Airdrop Bonus Multiplier in Mom’s Kitchen

Mom’s Kitchen: Cooking Games, published by Unite, attracted over 500,000 downloads across more than 200 countries, with strong user bases in the United States, India, Indonesia, and the United Kingdom. Through revenue earned from in-game advertising and item purchases, Mom’s Kitchen is one of the first profitable casual mobile games in web3. Mom’s Kitchen is available for download on the Apple’s App Store and Google Play Store. With over 320,000 total unique active wallets, Mom’s Kitchen has established itself as a leading mobile game for players to enjoy casual gaming while owning and earning the value they have created by watching the in-game ads and/or made the in-app purchase.

Mom’s Kitchen is a revenue-backed web3 mobile experience that aligns with Unite’s vision of transforming mobile gaming. As part of this initiative, Unite is introducing a limited-time $UNITE Airdrop Bonus Multiplier that offers players an opportunity to significantly increase their token rewards by participating in the game. The total prize pool for the inaugural season is 565 million $UNITE, which is approximately 1.86% of the token’s total supply.

Players can mint a unique, soul-bound token (SBT) in-game assets called Platinum Piggy that guarantees a higher allocation of $UNITE tokens from Unite’s community reward campaign, Unite Odyssey. This achievement reflects Unite’s commitment to maximizing the earning potential of its players.

As the $UNITE Token Generation Event (TGE) draws near, Unite is offering its community members the chance to enhance their airdrop allocations by actively participating in the game and acquiring the Platinum Piggy in-game asset. This soul-bound token unlocks the potential for earnings by playing the game, viewing ads, and making in-game purchases. Each action taken after acquiring the Platinum Piggy SBT contributes to earning exclusive Unite points, which can be converted into $UNITE tokens before the TGE.

Recently, Unite has raised $3 million from its seed extension round demonstrating a significant level of belief in Unite’s vision to be the first and best L3 chain for mass-market mobile games.

Joining the Unite Community and Boosting $UNITE Airdrop

Unite is thrilled by the community’s enthusiasm throughout the Odyssey campaign and is committed to ensuring a fair $UNITE token distribution for its mobile game players. This exclusive token airdrop bonus multiplier is designed to reward active participants and demonstrate Unite’s appreciation for its loyal community.

Users can stay tuned for additional details on the Mom’s Kitchen $UNITE Airdrop Bonus Multiplier. Unite is also opening up collaboration opportunities with leading web3 communities to secure whitelist spots. Interested communities can reach out to them via DM on X @uniteio for consideration.

About Mom’s Kitchen

Mom’s Kitchen: Cooking Games is a free-to-play casual mobile game offering a unique blend of fun and earning potential in the web3 space. Players will enjoy a smooth gameplay experience in this online cooking simulator, serving foodies with a variety of unique recipes across hundreds of challenging levels. Players who generate value from this game will receive rewards in the form of crypto or gift cards for brands like Amazon, Adidas, Starbucks, and more. Through in-game advertising and item purchases, Mom’s Kitchen has become one of the first profitable web3 mobile games. Users can download Mom’s Kitchen on App Store (iOS) or Google Play (Android).

About Unite

Unite is on a mission to build the first Layer 3 blockchain solution for mass-market mobile games, targeting the 2.8 billion players and the $90 billion revenue generated from the mobile game market. Focused on enhancing player experience with in-game earning capabilities, Unite offers a comprehensive L3 solution encompassing chain, client, ecosystem and establishing a decentralized physical infrastructure (DePin) built on billions of daily active mobile devices worldwide.

Founded by veterans in mobile, gaming and web3 infrastructure who served as founders and executives of some of the biggest names, Unite is leading the innovation to the mobile games.

For more information, users can visit Unite’s official website, follow them on X, and join the Unite Discord community.

Contact

Head of GrowthDi ChenUniteiodchen@unite.io

Lagos, Nigeria, September 16th, 2024, Chainwire

Onboard is excited to announce a significant expansion and rebrand, coupled with a successful capital raise from Coinbase Ventures and LAVA. This expansion marks the evolution of Onboard from a digital money app and a global P2P exchange, to a comprehensive platform and ecosystem designed to empower onchain builders and creators globally.

The world is facing unprecedented challenges, with over 3.5 billion people living below the poverty line, 75-90% currency devaluation, and rampant double to triple-digit inflation across various regions. Onboard believes that rather than battling outdated systems, the way we change this, is by focusing on the transformative possibilities of the onchain economy.

Onboard empowers independent builders and creators to help bring the world onchain. Onboard’s vision is to enable anyone, anywhere to come onchain and live a radically better life. Their gateway enables people to come onchain with as little as $1 in under 2 minutes. However, the true value lies in the applications and experiences that make this economy accessible, engaging, and transformative.

“To truly unlock the potential of the onchain economy, we need to support the creation of actually useful onchain apps and experiences. This is where builders and creators come in. This rebrand signifies our commitment to fostering a thriving onchain ecosystem that benefits everyone.” – Yele Bademosi, Co-Creator of Onboard.

Onboard is dedicated to building the ultimate financial platform and support community for onchain dreamers—those independent builders and creators. We believe that by inviting the world’s best minds to join us, we can create exceptional onchain applications and experiences that will inspire and enable more people to embrace the possibilities of this new economy.

The capital raised from Coinbase Ventures and LAVA will be pivotal in accelerating Onboard’s growth and expanding its offerings to meet the needs of the global onchain community. This funding will support the development of new financial tools, resources, and community initiatives aimed at empowering onchain creators and builders.

 The onchain economy holds tremendous potential to empower people around the world. Onboard’s on and offramps enables safe, low-cost, and low-barrier entry to the onchain world, bringing the benefits of this new economy to people who need it most. We’re excited to partner with Onboard in making economic freedom more accessible to all.” – Shan Aggarwal, Vice President, Corporate & Business Development, Coinbase Ventures.

About Onboard

Onboard is building the ultimate financial platform and support community for onchain dreamers—independent builders and creators developing applications and experiences to bring the world onchain. With a mission to expand the onchain economy and make it universally accessible. Onboard is committed to enabling anyone, anywhere, to live a radically better life through the possibilities of the onchain economy.

Website: onboard.xyz

X: @OnboardGlobal

Farcaster: @Onboard

Contact

Marketing LeadLiza JOnboardliza@nestcoin.com

Amidst the Tap-to-Earn clicker games craze, with some titles attracting millions of new users almost overnight and people here and there coding and selling bots for tapping that hamster the most effective way, you may be kicking yourself for not getting in earlier. But don’t worry: there’s another game on the horizon that is set to take the Play-to-Earn world by storm: Battle Bulls. And I’d say, if you missed out on the early days of Hamster Kombat or Notcoin, you better not miss out on that train. Here’s why.

 

 

Phenomenon of Clicker Games

Hamster Kombat and Notcoin have set the stage for what P2E games can achieve. These clicker games offered simple yet addictive ‘tap-to-earn’ gameplay mechanics while allowing players to earn real-world rewards. Hamster Kombat, with its quirky pet grooming and crypto exchange simulation, attracted millions of users with its fun and engaging mechanics. Notcoin, in contrast, provided a straightforward gaming experience with the potential to earn some crypto.

 

Both games demonstrated the immense potential of P2E games on platforms like Telegram, proving that there is a massive audience hungry for these kinds of experiences. For many, missing out on these first bangers might feel like a lost opportunity, but fear not: Battle Bulls offers you a new chance to engage with this trend.

 

 

Enter Battle Bulls: The Next Big Thing in P2E Gaming

Battle Bulls is not just another clicker game. It’s a dynamic and forward-looking gaming platform that combines addictive tapping gameplay with strategic PvP battles and the potential for real-world rewards. Within a short period of time from the launch this summer, the number of players exceeded 2 million by September 2024 and continues to grow.

 

Here’s why Battle Bulls stands out and why you should consider to jump in now:

 

1. Engaging Gameplay Mechanics

At its core, Battle Bulls is a clicker game where tapping fuels your progress. But it doesn’t stop there. Every tap strengthens your virtual bull, your business mascot, enhancing its power for intense one-on-one battles against other players. The more you tap, the stronger your bull becomes, and the more in-game currency you can get.

 

Battle Bulls already features cards for offline profit, ranks, and leaderboards, showcasing the top 100 leaders from each rank.

 

2. Strategic PvP Battles

The addition of strategic PvP battles sets Battle Bulls apart from other clicker games. It’s not just about mindless tapping; it’s about outsmarting your opponents and strategically utilizing your bull’s strengths to win battles and earn valuable in-game coins. These coins can later be exchanged for real-world rewards, adding an extra layer of incentives and competition.

 

3. Clear Roadmap and Transparency: Airdrop Coming Soon!

One of Battle Bulls’ most appealing aspects is its transparency. The developers have outlined a clear roadmap with dates for the airdrop of BULL tokens (September 2024) and their listing on a Tier 1 crypto exchange in November. Such transparency fosters trust and builds confidence in the project, ensuring that players know exactly what to expect and when.

 

4. Community-Driven Rewards

Battle Bulls rewards active participation. The more you play, the more you win, and the faster you level up. This creates a vibrant, dynamic community of players constantly pushing each other to achieve higher ranks and earn greater rewards. Features like completing tasks and the referral system further enhance the community aspect, allowing players to earn in-game currency by inviting their friends.

 

5. Real-World Potential

The upcoming token airdrop and exchange listing offer players the chance to turn their in-game rewards into real cryptocurrencies, potentially generating substantial profit. This essential feature sets Battle Bulls apart from many other P2E games, making it a truly rewarding experience.

 

 

Don’t Miss Out Again

If you regret missing out on the early days of Hamster Kombat or Notcoin, don’t make the same mistake with Battle Bulls. With an airdrop planned for September 2024 and BULL token listing on a major exchange by the end of the year, this is your chance to get in early and take advantage of the Battle Bulls’ further growth and development.

 

Join the Battle Bulls community now and start building your digital crypto empire. With its engaging gameplay, strategic battles, and real-world rewards — let alone airdrop and token listing — Battle Bulls is poised to become the next big thing in P2E gaming. So, don’t miss out and tap into the future of social gaming today!

Crytpo staking in cryptocurrency has now become one of the main trends to generate passive income and, at the same time, contribute to the security and stability of blockchains. You help to keep the blockchain running, just by locking your crypto in a staking platform. In return, you receive some reward in the form of additional cryptocurrency.

However, with numerous crypto staking platforms offering the service, selecting the appropriate one may be a little tricky. In this article, we discuss the four best crypto staking platforms that one can consider for 2024, basing our judgment on the features, security, and potential returns. Some of the best platforms include:

 

 

CryptoBox: Overall best crypto staking platform

CryptoBox features among the best staking systems for its new approach to return maximization. It operates using AI-powered algorithms that preselect the most rewarding staking strategy for a user while they sit and watch their profits grow. CryptoBox gained much attention with its very user-friendly approach and attractive incentives, hence earning a place among the best staking platforms to consider in 2024.

 

Key Features of CryptoBox:

$100 Staking Bonus: Every new user gets a free $100 bonus after signing up that they can stake and keep all earnings.

AI-Optimized Strategies: CryptoBox’s AI will always have you staking your assets under optimal conditions, raising your profits with minimal effort. For example, you can stake $100 in the Dash Trial Plan for 1 day and earn a return of $1 per day or Stake $100,000 worth of Solana for 56 days and get $2,400 per day, with an additional $3,600 in referral rewards.

Referral Commissions: Users can earn even more by referring friends and receiving a commission of 4% on their staking.

Security: High-level security with top-level encryption, 2FA, regular audits, and McAfee testing and protection from external threats.

Reputation and Reliability: CryptoBox has over 100 staked assets, over 500K users, and over $69M in rewards paid.

Whether an advanced investor or a complete newbie in crypto staking, CryptoBox features an AI-powered way with high yields making it a prime choice to grow your investment portfolio in 2024.

 

 

Coinbase: Best Centralized Staking Platform for U.S. Users

Considered one of the most popular crypto platforms by U.S. users, Coinbase is also a popular platform for staking a variety of cryptocurrencies, including but not limited to Ethereum (ETH), Solana (SOL), and Cardano (ADA).

Key Features:

Wide Variety of Cryptos: Coinbase allows staking over 150 cryptocurrencies, including top ones such as Ethereum, Cardano, and Solana, at APYs as high as 12%.

Ease of Use: Staking on Coinbase is seamless and ideal for beginners.

Security: Coinbase boasts industry-leading security for asset protection.

While charging higher fees on staking rewards, Coinbase can be a great option for U.S. users given the ease of use and extensive asset selection.

 

 

3.KuCoin: Best for Flexible Staking Products

KuCoin offers Advanced and balanced staking products. Advanced offers products like Protective and Dual Investment which come in fixed terms. On the other hand, Balanced products such as staking Flexible savings, ETH2, and KuCoin Earn Select, come in fixed and flexible terms.

 

Key Features:

Flexible and Fixed-Term Staking: KuCoin has flexible and fixed-term staking products that let users adapt more to their strategy for staking rewards.

High-Yield Opportunities: KuCoin provides very competitive APY rates from 5% to over 20%.

No Minimum Staking Amount: There is no minimum amount for staking on KuCoin, hence making available staking for each type of investor.

Auto-Reinvestment: Some staking products allow daily rewards, which can be set to automatically reinvest and compound returns over time.

Competitively priced and offering a wide range of different staking options, KuCoin is a strong competitor for the best staking platform going into 2024. However, it is not available for U.S. users.

 

 

MEXC: Best for Privacy and No-KYC Staking

MEXC provides a centralized staking platform called MEXC Savings to assist users in passive earnings. It supports multiple cryptocurrencies, including BTC and ETH, and mainnet stablecoins. It offers two types of stakings: Locked Savings and Flexible Savings.

 

Key Features:

Privacy and Security: MEXC supports no-KYC trading, hence ideal for users who believe in privacy above everything

Flexible and Locked Savings: MEXC provides both flexible and locked staking for the user to decide between liquidity and higher rewards.

High APYs: MEXC grants some assets a yield of as high as 25% APY or more due to competitive staking returns.

Leverage and Spot Trading: Along with staking, MEXC offers leveraged trading and zero-fee spot trading; thus, this allows users to leverage multiple crypto investment strategies.

Although MEXC is one of the platforms to watch in the year 2024, it’s good to note that it is highly regulated and does not fiat deposits and direct withdrawals to bank accounts.

 

 

How to Get Started with CryptoBox: The best overall crypto staking platform

Sign Up: Create an account by registering with your email username, and a referral code if you have one for extra bonuses, including the free $100 bonus.

Choose Your Plan: Choose one of many AI-optimized staking plans that best work for you, depending on investment amount and duration.

Start Earning: Profits are paid daily and are withdrawable at any time.

 

 

Conclusion

Selecting the best crypto staking platform weighs the potential returns, ease of use, potential returns, and most importantly security features. For 2024, CryptoBox is a great choice due to its AI staking strategy, generous bonuses, flexibility, and security.

To those who prefer diversification of crypto earnings through crypto staking, CryptoBox offers a new level of service, with an additional $100 staking bonus, referral commissions, and a highly secured platform. Start your staking journey with CryptoBox today and unlock AI-driven staking strategies to maximize your crypto portfolio with ease.

Vitalik Buterin: Lower Layer 2 Fees Enable ‘High-Value DeFi’ on Ethereum

Ethereum founder Vitalik Buterin has emphasized that the recent reduction in Layer 2 fees is a major milestone for decentralized finance (DeFi) on Ethereum, allowing “high-value DeFi” to operate efficiently. Buterin made these comments on X (formerly Twitter), noting that the blockchain industry is still in its early stages, but the recent developments in fee structures signify a turning point for DeFi applications.

Key Insights from Vitalik Buterin

1. Layer 2 Fee Reduction:

Buterin pointed out that Layer 2 fees have finally dropped to a point where high-value decentralized finance (DeFi) can function properly. “High-value DeFi can only work if fees are low enough,” Buterin explained, highlighting that the fee reduction occurred in March.

2. The Importance of Low Fees:

Since 2020, Buterin has advocated for low fees as a critical factor for DeFi to thrive. High transaction costs on Layer 1 networks like Ethereum had previously hindered the use of DeFi protocols for high-value transactions, but Layer 2 scaling solutions have now addressed this issue.

3. Future Directions:

Looking ahead, Buterin suggested that the next significant step for Ethereum could involve the combination of ZK-SNARK proofs (zero-knowledge succinct non-interactive arguments of knowledge) and account abstraction. These technologies would further enhance the privacy, security, and user experience of blockchain applications.

Impact on DeFi and Ethereum

1. Unlocking High-Value DeFi:

Lower Layer 2 fees are seen as a game-changer for the DeFi ecosystem. With reduced costs, users can now perform more complex, high-value transactions without the prohibitive fees that previously limited DeFi’s utility for larger transactions.

2. Enhanced User Experience:

The combination of ZK-SNARKs and account abstraction, as proposed by Buterin, could further streamline the user experience on Ethereum. ZK-SNARKs would allow for greater privacy in transactions, while account abstraction would enable more flexible account management and smart contract interactions.

3. Broader Ethereum Adoption:

With fees reduced and scalability improved, Ethereum could see broader adoption across both institutional and retail markets. These advancements position Ethereum to handle more complex financial services, expanding its role in the global financial ecosystem.

Looking Ahead: Ethereum’s Next Steps

1. ZK-SNARKs and Account Abstraction:

Buterin’s mention of ZK-SNARKs and account abstraction suggests that privacy and usability will be key areas of focus for Ethereum’s development. These technologies will likely play a central role in future upgrades, enhancing Ethereum’s ability to support a diverse range of applications.

2. Layer 2 Ecosystem Growth:

As Layer 2 networks continue to evolve, they will likely attract more developers and projects to build on Ethereum, especially in areas like DeFi, gaming, and NFTs. Lower transaction costs could make these sectors more accessible and practical for users at all levels.

Conclusion

Vitalik Buterin’s announcement regarding lower Layer 2 fees marks a significant development for Ethereum and the broader blockchain industry. By making “high-value DeFi” viable, Ethereum is poised to expand its influence in the decentralized finance space. As technologies like ZK-SNARKs and account abstraction become more integrated into the Ethereum ecosystem, the platform is well-positioned to support more complex and secure financial transactions.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

Bloomberg Analyst: Bitcoin Weakness Caused by Long-Term Holders, Not BlackRock

Amid recent controversy in the cryptocurrency community regarding BlackRock’s alleged influence on Bitcoin prices through Coinbase’s cbBTC, Bloomberg’s senior ETF analyst, Eric Balchunas, has refuted these claims. According to Balchunas, the primary cause of Bitcoin’s recent price weakness is not related to BlackRock or the opacity of its Bitcoin spot ETF, but rather the selling activities of long-term Bitcoin holders, commonly referred to as “HODLers.”

Key Points from Eric Balchunas

1. Long-Term Holders Selling:

In response to allegations that BlackRock’s Bitcoin ETF is putting downward pressure on Bitcoin prices, Balchunas argued that many in the community are overlooking a more plausible explanation. “It’s inconceivable to them that native HODLers can become sellers. But this is actually happening,” Balchunas stated on X (formerly Twitter). He emphasized that long-term holders have been selling Bitcoin, which is driving price weakness.

2. ETF and BlackRock’s Role:

Balchunas dismissed the notion that BlackRock and its Bitcoin ETF are to blame for the price decline. He stated that ETFs, including BlackRock’s, have actually helped stabilize Bitcoin’s price during downturns by pulling it back from lower levels, counteracting some of the market’s volatility.

Rebuttal from Nate Geraci

1. Conspiracy Theories About ETFs:

Nate Geraci, CEO of ETF Store, also weighed in on the debate, addressing the conspiracy theories surrounding Coinbase’s alleged involvement with BlackRock’s Bitcoin ETF. He pointed out that Coinbase holds Bitcoin on a 1:1 basis for the physical ETF, ensuring that the underlying asset is properly backed. Geraci likened the situation to similar claims made when gold physical ETFs were launched, stating, “People who repeat such claims do not understand how ETFs work.”

2. Clarifying the ETF Mechanism:

Both Balchunas and Geraci emphasized that the operations of ETFs are transparent and subject to regulatory scrutiny, refuting the idea that BlackRock could be using its ETF to manipulate Bitcoin prices. They argued that the decline in Bitcoin’s price is not due to ETF-related practices, but rather market dynamics, including the actions of long-term Bitcoin holders.

The Broader Debate

1. BlackRock and Bitcoin Market Sentiment:

BlackRock’s entry into the Bitcoin space has generated both excitement and skepticism. While some believe that the presence of major institutional players like BlackRock will ultimately stabilize Bitcoin and boost its legitimacy, others are wary of the potential for market manipulation.

2. Role of Long-Term Holders:

The recent sale of Bitcoin by long-term holders has caught many off guard. Traditionally viewed as steadfast, long-term holders exiting their positions can indicate a shift in sentiment and contribute to market volatility, particularly if these sales happen in large volumes.

Conclusion

Eric Balchunas’s analysis suggests that Bitcoin’s recent price weakness is more attributable to the selling activities of long-term holders than to any actions by BlackRock or its ETF. Alongside Nate Geraci’s clarification on how Bitcoin ETFs operate, the discussion highlights the importance of understanding market dynamics before attributing blame to institutional players. As the debate continues, the focus remains on how long-term holders and institutional involvement will shape Bitcoin’s price trajectory.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

Coinbase: “We Never Gave BlackRock Preferential BTC Borrowing Privileges”

Coinbase, the largest cryptocurrency exchange in the U.S., has firmly denied accusations that it provided preferential Bitcoin borrowing privileges to BlackRock, the world’s largest asset management company and issuer of a Bitcoin spot ETF. The explanation comes in response to rumors circulating within the crypto community that Coinbase and BlackRock were collaborating to manipulate Bitcoin prices.

Accusations and Coinbase’s Response

1. Tyler Durden’s Allegations:

Over the weekend, Bitcoin analyst Tyler Durden sparked controversy by claiming that “Coinbase is issuing BTC IOUs to BlackRock.” This allegation implied that BlackRock could borrow Bitcoin from Coinbase and short it without proving it maintained a 1:1 ratio of ETF assets and Bitcoin holdings, potentially influencing the price of Bitcoin.

2. Coinbase’s Official Stance:

Coinbase quickly responded to the accusations through a statement reported by BeInCrypto, stating, “We have never given special privileges in borrowing BTC to BlackRock.” CEO Brian Armstrong reiterated that Coinbase, as a publicly traded company audited by Deloitte, adheres to strict regulatory standards and cannot disclose institutional customers’ Bitcoin addresses unless required.

3. Clarification on cbBTC:

Armstrong also addressed concerns regarding cbBTC, a recently launched wrapped Bitcoin asset on the Base network. He confirmed that cbBTC is stored by a centralized custodian based on trust, but emphasized that the exchange has never made claims suggesting otherwise.

Criticism from Justin Sun

1. Justin Sun’s Concerns:

Amid the controversy, Justin Sun, founder of Tron, criticized cbBTC for its lack of transparency, stating, “cbBTC does not require proof of deposit, does not conduct an audit, and can freeze anyone’s balance at any time.” He likened cbBTC to a centralized asset that could be confiscated by the U.S. government if subpoenaed, calling it a “central bank version of Bitcoin.”

Implications and Market Sentiment

1. Impact on Investor Trust:

Accusations of price manipulation and unverified Bitcoin IOUs could impact investor confidence in both Coinbase and BlackRock, especially in a market that values transparency and decentralized practices. However, Coinbase’s swift denial and its established reputation as a regulated and audited institution may mitigate the negative sentiment.

2. Centralization vs. Decentralization Debate:

The controversy surrounding cbBTC highlights ongoing debates within the crypto community about centralized custodians versus decentralized assets. Justin Sun’s critique of cbBTC echoes concerns over centralization in an industry built on the ideals of decentralization and transparency.

Conclusion

Coinbase has firmly denied any allegations of providing preferential Bitcoin borrowing privileges to BlackRock amid accusations of market manipulation. CEO Brian Armstrong reaffirmed the company’s commitment to transparency and regulatory compliance, clarifying the nature of cbBTC while refuting claims of wrongdoing. As the crypto industry continues to grapple with concerns over centralization and transparency, Coinbase’s response will likely play a significant role in shaping market sentiment.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

Second Assassination Attempt on Trump at Florida Golf Course: Former President Unharmed: According to Yonhap News, former U.S. President and Republican presidential candidate Donald Trump was targeted in what appeared to be a second assassination attempt while playing golf at his own course in Florida. Thankfully, Trump was not injured during the incident, and law enforcement agencies are actively investigating the suspect, who is currently on the run.

Incident Details

1. The Incident:

The assassination attempt reportedly took place at Trump’s Florida golf course. While the specifics of the attack are still unclear, authorities confirmed that the former president was unharmed during the incident.

2. Law Enforcement’s Response:

The FBI quickly released a statement saying, “We are investigating what appears to be an assassination attempt on former President Trump.” The agency is working closely with other law enforcement bodies to apprehend the suspect involved.

3. Trump’s Statement:

Shortly after the event, Trump reassured his supporters through an email, stating that he was safe and unharmed. “Nothing will slow me down. I will not give in!” Trump declared, emphasizing his resolve to continue his political and public activities undeterred by the attack.

Ongoing Investigation

1. Suspect on the Run:

Law enforcement agencies, including the FBI, are pursuing the suspect involved in the attempted assassination. Details about the individual or their motivations have not been released, but the investigation is ongoing.

2. Heightened Security:

In light of the recent attempt on his life, authorities are expected to reassess security protocols for the former president. This is the second reported attempt on Trump’s life, further emphasizing the need for heightened security measures.

Impact on Trump’s Campaign and Supporters

1. Continued Determination:

Trump’s swift and defiant response to the incident highlights his commitment to his political career and the Republican base. His message to supporters reassured them that he remains undeterred and will continue to push forward with his political ambitions.

2. Increased Security Concerns:

The assassination attempt will likely raise concerns among Trump’s team and his supporters about the safety of public figures, especially during high-profile events like campaign rallies and public appearances.

Conclusion

Former President Donald Trump is safe following what has been described as a second assassination attempt at his Florida golf course. As law enforcement agencies, including the FBI, investigate the attack, Trump has vowed to continue his public and political activities without fear. The investigation will undoubtedly focus on apprehending the suspect and ensuring that future events are conducted with enhanced security measures.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.

StandwithCrypto Launches $6 Million NFT Creator Legal Defense Fund: Stand With Crypto, a cryptocurrency advocacy group, has announced the launch of a $6 million legal defense fund aimed at protecting NFT creators from legal actions by the U.S. Securities and Exchange Commission (SEC). The initiative is backed by prominent players in the NFT and cryptocurrency space, including NFT marketplace OpenSea and a16z Crypto, the cryptocurrency division of Silicon Valley venture capital giant Andreessen Horowitz.

Details of the Legal Defense Fund

1. Support for NFT Creators:

The $6 million fund will provide financial assistance to NFT creators facing legal challenges, particularly those related to actions by the SEC. As regulatory scrutiny of digital assets increases, NFT creators have found themselves at the center of legal debates surrounding the classification of their works.

2. Backers of the Fund:

The legal defense fund is sponsored by OpenSea, one of the largest NFT marketplaces, and a16z Crypto, the cryptocurrency arm of Andreessen Horowitz. Their backing signals strong support for NFT creators and the broader Web3 community as regulatory tensions continue to escalate.

3. Objective of the Fund:

Stand With Crypto has made it clear that the fund’s primary goal is to provide legal support to those wrongfully targeted by the SEC. The group argues that many NFT creators are being unfairly pursued under regulations that do not appropriately apply to their work.

Impact on the NFT and Crypto Communities

1. Defense Against Regulatory Overreach:

The legal defense fund is designed to help NFT creators challenge regulatory overreach, particularly by the SEC, which has increasingly scrutinized NFTs and other digital assets. This move highlights the growing divide between U.S. regulators and the crypto community regarding how digital assets should be classified and regulated.

2. Empowering NFT Creators:

By providing financial support to creators facing legal challenges, the fund aims to empower those who might not otherwise have the resources to defend themselves. This could encourage more innovation and creativity in the NFT space by alleviating fears of regulatory backlash.

3. Signal of Industry Solidarity:

The involvement of OpenSea and a16z Crypto demonstrates industry solidarity in the face of regulatory challenges. This backing may foster greater collaboration across the NFT and crypto sectors to develop a unified response to regulatory pressures.

Future Outlook

1. Increased Legal Support for Creators:

The establishment of the legal defense fund may prompt other crypto and Web3-focused organizations to offer similar support to individuals and companies targeted by regulatory authorities. This could lead to a more robust defense against unfavorable legal precedents that could stifle innovation.

2. Ongoing Regulatory Battles:

As regulatory authorities like the SEC continue to focus on digital assets, the fund may become a critical tool in shaping the legal landscape for NFTs. The outcomes of cases supported by the fund could influence how NFTs are regulated in the future.

Conclusion

The $6 million NFT creator legal defense fund launched by Stand With Crypto, in collaboration with OpenSea and a16z Crypto, marks a significant development in the ongoing regulatory battle between U.S. authorities and the digital asset industry. By offering legal support to NFT creators, the fund aims to protect the innovation and creativity that NFTs represent, while challenging regulatory overreach. As the NFT and cryptocurrency sectors evolve, this fund could play a pivotal role in shaping the future legal framework for digital assets.

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Second Assassination Attempt on Trump at Florida Golf Course: Former President Unharmed: According to Yonhap News, former U.S. President and Republican presidential candidate Donald Trump was targeted in what appeared to be a second assassination attempt while playing golf at his own course in Florida. Thankfully, Trump was not injured during the incident, and law enforcement agencies are actively investigating the suspect, who is currently on the run.

Incident Details

1. The Incident:

The assassination attempt reportedly took place at Trump’s Florida golf course. While the specifics of the attack are still unclear, authorities confirmed that the former president was unharmed during the incident.

2. Law Enforcement’s Response:

The FBI quickly released a statement saying, “We are investigating what appears to be an assassination attempt on former President Trump.” The agency is working closely with other law enforcement bodies to apprehend the suspect involved.

3. Trump’s Statement:

Shortly after the event, Trump reassured his supporters through an email, stating that he was safe and unharmed. “Nothing will slow me down. I will not give in!” Trump declared, emphasizing his resolve to continue his political and public activities undeterred by the attack.

Ongoing Investigation

1. Suspect on the Run:

Law enforcement agencies, including the FBI, are pursuing the suspect involved in the attempted assassination. Details about the individual or their motivations have not been released, but the investigation is ongoing.

2. Heightened Security:

In light of the recent attempt on his life, authorities are expected to reassess security protocols for the former president. This is the second reported attempt on Trump’s life, further emphasizing the need for heightened security measures.

Impact on Trump’s Campaign and Supporters

1. Continued Determination:

Trump’s swift and defiant response to the incident highlights his commitment to his political career and the Republican base. His message to supporters reassured them that he remains undeterred and will continue to push forward with his political ambitions.

2. Increased Security Concerns:

The assassination attempt will likely raise concerns among Trump’s team and his supporters about the safety of public figures, especially during high-profile events like campaign rallies and public appearances.

Conclusion

Former President Donald Trump is safe following what has been described as a second assassination attempt at his Florida golf course. As law enforcement agencies, including the FBI, investigate the attack, Trump has vowed to continue his public and political activities without fear. The investigation will undoubtedly focus on apprehending the suspect and ensuring that future events are conducted with enhanced security measures.

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PolitiFi Memecoins Suffer 90% Market Cap Collapse: Political-themed memecoins, collectively known as PolitiFi, have experienced a sharp collapse in market capitalization, plummeting nearly 90% from a peak of $1.25 billion in June to under $170 million, according to a recent report from Blockworks. The once-popular tokens, such as MAGA (TRUMP), Doland Tremp (TREMP), and Jeo Boden (BODEN), have struggled to maintain their momentum, with interest waning despite significant political events.

Major Decline in PolitiFi Market

1. Peak to Plummet:

PolitiFi tokens saw a rapid rise earlier in 2024, reaching a combined market cap of $1.25 billion at their peak. However, by September, the market cap had collapsed to under $170 million, representing a 90% loss. This drastic drop reflects declining interest and new investor participation in political-themed cryptocurrencies.

2. MAGA (TRUMP) Token:

Among the hardest-hit tokens is MAGA (TRUMP), a memecoin inspired by former U.S. President Donald Trump. MAGA (TRUMP) has seen its value nosedive from a high of $17.51 in June to just $2.25, losing 90% of its market value. The token’s steep decline signals a broader trend across the PolitiFi space.

3. Doland Tremp (TREMP) and Jeo Boden (BODEN):

Other tokens, such as Doland Tremp (TREMP) and Jeo Boden (BODEN), have similarly struggled. The general decline in prices across PolitiFi memecoins suggests that the initial hype surrounding politically themed digital assets has failed to sustain itself in the face of a challenging market environment.

Factors Behind the Collapse

1. Lack of Sustained Interest:

Despite significant political events in recent months, PolitiFi tokens have failed to attract new holders. The novelty of these memecoins may have worn off, with fewer traders and investors finding value in the tokens. The market’s inability to sustain momentum has resulted in sharp declines in market capitalization and trading volume.

2. Speculative Nature:

Like other memecoins, PolitiFi tokens were largely driven by speculative interest. Once initial enthusiasm subsided, the market’s underlying weakness became apparent, contributing to the swift market cap decline.

3. Volatility in Memecoin Markets:

Memecoins are known for their extreme volatility, and PolitiFi tokens are no exception. The sharp price drops highlight the risks inherent in these types of assets, particularly when they lack a clear use case beyond speculative trading.

Implications for the Future of PolitiFi Tokens

1. Market Sentiment Shift:

The dramatic fall in PolitiFi memecoins may signify a shift in market sentiment away from politically themed tokens. Investors are likely reassessing the long-term viability of such assets, especially given their reliance on hype and external events to drive value.

2. Challenges Ahead:

Without a resurgence of interest or new use cases, PolitiFi tokens could continue to struggle. The broader memecoin market faces similar challenges, as tokens that lack inherent value or utility often find it difficult to sustain investor engagement over time.

Conclusion

The near 90% collapse in the market cap of PolitiFi memecoins, including MAGA (TRUMP) and Doland Tremp (TREMP), underscores the volatile nature of politically themed tokens. Despite initial success earlier this year, the market has failed to attract sustained interest, leading to significant losses for investors. As PolitiFi tokens grapple with diminishing participation, their future will depend on whether they can reinvent themselves or face further declines.

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