Malissa Plotkin RmGX
@Square-Creator-1dfcf074b27e
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$SOL
Binance News
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Solayer And OpenEden Launch Yield-Bearing Stablecoin On Solana
According to Cointelegraph, Solayer and OpenEden have announced the launch of a yield-bearing stablecoin on Solana (SOL) backed by United States Treasury bills. The announcement, made on October 28, introduces the stablecoin named sUSD, which is the first of several tokenized real-world assets (RWAs) that Solayer plans to launch on the Solana blockchain.
Solayer, a Solana-based restaking protocol, and OpenEden, a specialist in RWA tokenization, have collaborated to create sUSD. The stablecoin allows anyone with as little as $5 to access tokenized real-world assets, starting with US Treasury bills. The sUSD protocol operates as a request for quote (RFQ) marketplace, where users deposit USD Coin (USDC) and are matched with tokenized RWAs to receive sUSD, which Solayer refers to as a liquid RWA token (LRT).
Solayer has facilitated nearly $300 million in restaked total value locked (TVL) to date, according to its website. Restaking involves using a token that has already been staked as collateral with a validator to secure other protocols simultaneously. EigenLayer, the largest restaking protocol, secures dozens of third-party protocols with approximately $11 billion of restaked collateral on Ethereum, according to DefiLlama.
The market for tokenized RWAs is predicted to see a 50-fold increase by 2030, based on predictions from major financial institutions and business consulting firms compiled in a Tren Finance research report. RWAs, including tokenized claims on financial assets, commodities, or art, represent a $30-trillion market opportunity globally, as stated by Colin Butler, Polygon’s global head of institutional capital, in August.
Stablecoins are currently the most popular tokenized RWAs, but there is growing demand for products that tokenize highly liquid, yield-bearing assets such as US Treasury bills. The largest stablecoins by assets under management (AUM) are BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX), with AUM of approximately $520 million and $440 million, respectively.
Solayer, a Solana-based restaking protocol, and OpenEden, a specialist in RWA tokenization, have collaborated to create sUSD. The stablecoin allows anyone with as little as $5 to access tokenized real-world assets, starting with US Treasury bills. The sUSD protocol operates as a request for quote (RFQ) marketplace, where users deposit USD Coin (USDC) and are matched with tokenized RWAs to receive sUSD, which Solayer refers to as a liquid RWA token (LRT).
Solayer has facilitated nearly $300 million in restaked total value locked (TVL) to date, according to its website. Restaking involves using a token that has already been staked as collateral with a validator to secure other protocols simultaneously. EigenLayer, the largest restaking protocol, secures dozens of third-party protocols with approximately $11 billion of restaked collateral on Ethereum, according to DefiLlama.
The market for tokenized RWAs is predicted to see a 50-fold increase by 2030, based on predictions from major financial institutions and business consulting firms compiled in a Tren Finance research report. RWAs, including tokenized claims on financial assets, commodities, or art, represent a $30-trillion market opportunity globally, as stated by Colin Butler, Polygon’s global head of institutional capital, in August.
Stablecoins are currently the most popular tokenized RWAs, but there is growing demand for products that tokenize highly liquid, yield-bearing assets such as US Treasury bills. The largest stablecoins by assets under management (AUM) are BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX), with AUM of approximately $520 million and $440 million, respectively.
$BTC
📉 Crypto Market News: Bitcoin soared 6% to $66,400 on October 14, pushing crypto stocks higher. CleanSpark (CLSK) rose 12.72%, Coinbase (COIN) rose 11.3%, and IREN rose 10.21%. However, MicroStrategy (MSTR) fell 5.1%, and Core Scientific (CORZ) fell 1.9%. Analysts are debating whether "Uptober" has begun, but BTC is still 10.4% below its record. 🚀
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Zilliqa Cuts Miner Rewards by 50% for Three Months 🚀
- On October 14, the Zilliqa (ZIL) team announced that a proposal to cut miner rewards had passed a community vote.
- As part of the transition to Zilliqa 2.0, the network will be fully transitioning to Proof-of-Stake (PoS).
- Miners will receive 22.25% of rewards in October, 20% in November, and 12.5% in December.
- The price of ZIL rose by 8%, but then fell to $0.01546.
- On October 14, the Zilliqa (ZIL) team announced that a proposal to cut miner rewards had passed a community vote.
- As part of the transition to Zilliqa 2.0, the network will be fully transitioning to Proof-of-Stake (PoS).
- Miners will receive 22.25% of rewards in October, 20% in November, and 12.5% in December.
- The price of ZIL rose by 8%, but then fell to $0.01546.
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$SOL
Zilliqa Cuts Miner Rewards by 50% for Three Months 🚀
- On October 14, the Zilliqa (ZIL) team announced that a proposal to cut miner rewards had passed a community vote.
- As part of the transition to Zilliqa 2.0, the network will be fully transitioning to Proof-of-Stake (PoS).
- Miners will receive 22.25% of rewards in October, 20% in November, and 12.5% in December.
- The price of ZIL rose by 8%, but then fell to $0.01546.
- On October 14, the Zilliqa (ZIL) team announced that a proposal to cut miner rewards had passed a community vote.
- As part of the transition to Zilliqa 2.0, the network will be fully transitioning to Proof-of-Stake (PoS).
- Miners will receive 22.25% of rewards in October, 20% in November, and 12.5% in December.
- The price of ZIL rose by 8%, but then fell to $0.01546.
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$REEF what do you think about this? is it time to open a deal for a fall? or is it too early? waiting for advice from top traders.
$BTC
#Memcoins Hit the Ceiling$FLOKI $DOGE $PEPE
Investor Miles Deutscher believes that the widespread discussion of meme coins on social media, from YouTube to X, is a warning sign. According to Kaito, attention share for them has reached a new high of 27.32%. Attention share is a metric that shows how much of the community’s attention a topic is attracting.
“As I said, almost all of crypto Twitter is pushing the memecoin narrative. Attention share is at an all-time high, but social media discussions alone are not enough to support the insane price increases we’ve seen. And as market cap increases, more capital is required to maintain momentum. So either memes will move into the retail space now, or we’ll see a local peak for a while and give things time to cool off. Personally, I believe the latter,” wrote Miles Deutscher. While Deutscher acknowledges the long-term prospects of meme tokens, he believes they are at a crossroads. This means they will either crash or correct once the hype dies down.
He also argues that selling altcoins now to buy memecoins may not be the best strategy.
Investor Miles Deutscher believes that the widespread discussion of meme coins on social media, from YouTube to X, is a warning sign. According to Kaito, attention share for them has reached a new high of 27.32%. Attention share is a metric that shows how much of the community’s attention a topic is attracting.
“As I said, almost all of crypto Twitter is pushing the memecoin narrative. Attention share is at an all-time high, but social media discussions alone are not enough to support the insane price increases we’ve seen. And as market cap increases, more capital is required to maintain momentum. So either memes will move into the retail space now, or we’ll see a local peak for a while and give things time to cool off. Personally, I believe the latter,” wrote Miles Deutscher. While Deutscher acknowledges the long-term prospects of meme tokens, he believes they are at a crossroads. This means they will either crash or correct once the hype dies down.
He also argues that selling altcoins now to buy memecoins may not be the best strategy.
🫥
🪙 Thoughts on the market
😎Bitcoin continues its sweeping growth. The nearest target is 66.5k, then we need to see what the reaction to this level will be. There are a lot of stops and liquidity above, it is logical for the price to fly all the way to 74k to collect all this stuff. But of course, it is possible that Bitcoin will still go down to refuel at the level of 62k.
🤓About Altcoins. I have a portfolio, everything is going according to plan. My portfolio.
✔️Ether, as always, is following Bitcoin. You can see the trade on 1H near the diagonal level. Everything is clear here, if Bitcoin jerks up, a breakout and the target is 2.7k.
✔️About Altcoins. To assess the situation on the market, of course, I often focus on my portfolio. I have a variety of assets there and they give an understanding of the general direction. So, for several months now, if not more, the portfolio drawdown has been around 35%-30%. That is, something is growing, something is falling, etc. But in total, the result does not change. This clearly looks like an accumulation of energy for further movement. The market is waiting for a trigger, and this trigger can come from both macroeconomic factors and from within the crypto industry - be it mass adoption of technologies, large investments or updates in blockchain networks.It is only a matter of time before the energy accumulated during this protracted period finds an outlet and the market begins to move actively.
😎Bitcoin continues its sweeping growth. The nearest target is 66.5k, then we need to see what the reaction to this level will be. There are a lot of stops and liquidity above, it is logical for the price to fly all the way to 74k to collect all this stuff. But of course, it is possible that Bitcoin will still go down to refuel at the level of 62k.
🤓About Altcoins. I have a portfolio, everything is going according to plan. My portfolio.
✔️Ether, as always, is following Bitcoin. You can see the trade on 1H near the diagonal level. Everything is clear here, if Bitcoin jerks up, a breakout and the target is 2.7k.
✔️About Altcoins. To assess the situation on the market, of course, I often focus on my portfolio. I have a variety of assets there and they give an understanding of the general direction. So, for several months now, if not more, the portfolio drawdown has been around 35%-30%. That is, something is growing, something is falling, etc. But in total, the result does not change. This clearly looks like an accumulation of energy for further movement. The market is waiting for a trigger, and this trigger can come from both macroeconomic factors and from within the crypto industry - be it mass adoption of technologies, large investments or updates in blockchain networks.It is only a matter of time before the energy accumulated during this protracted period finds an outlet and the market begins to move actively.