Movement Integrates with OKX Wallet and Launches Interactive Tasks

The Movement announced via their X platform that they have now integrated with OKX Wallet. Along with the integration, they have introduced interactive tasks where users can complete related tasks through OKX Wallet to earn badge rewards.

#MovementLabs #OKXWallet #Blockchain #Write2Win #BadgeRewards

Eigen Foundation: First Reward Application for Incentive Program v1 Opens on October 15

On October 4, PANews reported that the Eigen Foundation announced that eligible operators can claim rewards under its incentive program for their activities before the transferability period (up to September 30, 2024). The first application for these rewards under Incentive Program v1 will be open on October 15.

#EigenLayer #Write2Win #CryptoCurrurencyNews #Rewards #Blockchain

$EIGEN

Meson.fi to Support PayPal Stablecoin PYUSD Cross-Chain Transactions, Launching First on ETH and Solana

On October 4, Mars Finance reported that PayPal completed its first commercial transaction using its stablecoin PYUSD, marking a major milestone for digital currencies in the B2B payment sector. In response, the Meson.fi cross-chain protocol announced it will support PYUSD cross-chain transactions and provide API interfaces for enterprise users and merchants to directly integrate services into decentralized applications. The first networks to launch will be Ethereum (ETH) and Solana, accelerating the circulation of PYUSD in the DeFi ecosystem and driving further innovation and adoption in PayFi.

#PayPal #ETH #Solana #Stablecoin

BNB Chain’s Meme Project Cheems Orders 1,000 Cheems-Themed Merchandise for Holders and Donors

On October 3, according to official news, to celebrate Cheems (also known as Ball Ball) and support animal welfare, the BNB Chain-based meme project Cheems ordered 1,000 Cheems Beanies from the official Cheems merchandise store. These will be distributed to Cheems holders and Cheems donors.
To participate, users must complete relevant social tasks and submit proof of holding Cheems. The event will run for 48 hours.

#binance #BNBChain #MemeProject #Write2Win

Data: 30 Million XRP Transferred to Binance

According to ChainCatcher and Whale Alert monitoring, approximately 30 million XRP valued at $15.65 million was transferred to the crypto exchange Binance at around 20:58 Beijing time today.
#XRP’ #Write2Win #binance

$XRP

Ripple Partners with Brazil's Mercado Bitcoin Exchange to Launch Enterprise Payment Solution

On October 3, PANews reported that Ripple has partnered with Brazil's Mercado Bitcoin exchange to launch an enterprise-focused payment solution. This solution allows users to transact in Brazilian real while utilizing Ripple's platform to enhance operations in Brazil and Portugal. Silvio Pegado, Ripple's Executive Director for Latin America, stated, "Ripple Payments provides critical capabilities for crypto businesses, enabling them to streamline operations, optimize liquidity, and ultimately increase profit margins through real-time settlements."
#Ripple #Write2Win #Write2Win #CryptoCurrurencyNews

$XRP

Coinbase is set to launch cbBTC on the Solana network.

On September 21, Coinbase officially announced that it will soon launch cbBTC on the Solana network.

Previously, Coinbase had officially announced the launch of the Coinbase Wrapped Bitcoin (cbBTC) token. The token operates on the Ethereum and Base networks and is backed 1:1 by Bitcoin, with plans to support more blockchains in the future.

#Coinbase #Write2Win #Solana⁩ #Blockchain #Defi

$SOL

Bitcoin Faces Data Availability Challenges, Layer 2 (L2) Scaling Solutions May Need Consideration

Bitcoin faces significant challenges as a data availability (DA) layer. The main points are as follows:

Limited Block Space: The upper limit of Bitcoin's block size is 4MB, and data released by ZK-Rollup every 6-8 blocks can occupy 10% of the block space.

High Costs: At a rate of 10-50 sat/vByte, the monthly data publishing cost for Rollup is approximately $460,000 to $2.3 million.

Economic Viability: Rollup needs to handle a large volume of transactions each month and charge sufficient fees to be profitable. For example, with a monthly transaction volume of 20 million, the transaction fee needs to be $0.05-0.23 to break even.

Increased Competition: The introduction of Rollup will increase competition for block space, potentially raising transaction fees for all users.

Alternative Options: If costs are too high, Rollup might switch to alternative DA layers like Celestia or develop L3 solutions.

Security Trade-offs: Using Bitcoin as a DA layer is very costly but offers great decentralization and security.

#Bitcoin❗ #Layer2 #Blockchain #Write2Win #cryptonews

$BTC

Montenegro Court Facilitates Extradition of Do Kwon to South Korea

On August 1, according to Bloomberg, Montenegro's appellate court upheld the decision to extradite Do Kwon, co-founder of Terraform Labs Pte., to his home country of South Korea, rejecting the request to extradite him to the U.S.

Thursday's ruling is the latest in a series of decisions for Montenegro, which is facing dual requests from the U.S. and South Korea for the extradition of the disgraced crypto mogul. The Podgorica court stated in a Thursday statement that there were no appeals against the decision.

The ruling also maintained the expedited extradition procedures previously issued by another Montenegrin court. After the ruling was announced, Do Kwon's lawyer, Goran Rodic, told Bloomberg that Montenegro would arrange the extradition with the assistance of Interpol and expressed hope that the process could be completed "as soon as possible."

#Montenegro #DoKwon #SouthKorea #cryptonews #Bloomberg

Bitcoin Drops Below $63,000 Amid Market Uncertainty and Regulatory Concerns

Several factors could have contributed to the recent decline in Bitcoin's price below $63,000:

Market Sentiment: Negative sentiment in the overall cryptocurrency market can cause a sell-off. This can be triggered by various news events, regulatory concerns, or macroeconomic factors.

Regulatory News: Any new regulations or government actions against cryptocurrencies, such as crackdowns on exchanges or restrictions on crypto activities, can lead to a decrease in price.

Technical Factors: Bitcoin's price is highly influenced by technical analysis. If it breaks a significant support level, it can lead to further selling pressure.

Whale Activity: Large holders of Bitcoin (whales) selling significant amounts can influence the market. The movement of large amounts of Bitcoin to exchanges can indicate potential sell-offs.

Economic Data: Broader economic data, such as inflation rates, interest rate changes, and economic performance indicators, can impact investor confidence in risk assets like cryptocurrencies.

Market Corrections: After periods of significant gains, the market often experiences corrections. This can be part of a natural market cycle where prices adjust before potentially moving higher again.

Hack or Security Breach: News of hacks, security breaches, or significant losses in cryptocurrency platforms can also lead to a loss of confidence and subsequent selling.

Without specific news pointing to the exact cause, it's likely a combination of these factors contributing to the recent price drop.

$BTC

#Bitcoin❗ #BTC☀ #cryptonews #Blockchain

Bitcoin Falls Below $63,000

On August 1, according to HTX market data, Bitcoin has fallen below $63,000, decreasing by 5.41% in the past 24 hours.

$BTC

#Bitcoin❗️ #BTC☀ #MarketUpdate #cryptomarket #Blockchain

Massive Transfer of Meme Cryptocurrencies: $1.567 Million with $1.486 Million Net Profit

On August 1, according to monitoring by ai_9684xtpa, a smart money address 0x7ea...41416 transferred Pepe and MOG worth a total of $15.67 million to a new address two hours ago. The total floating profit of these two tokens is as high as $14.86 million.

This address withdrew 51.54 million Pepe (approximately $860,000) from the exchange platform at an average price of $0.000001671 a year ago, with its value increasing more than fivefold.

MOG also saw a significant position opened at a low a year ago, spending only $246,000 to buy 7.06 trillion tokens on the chain. The cost was as low as $0.000000003487, yielding a return exceeding 478 times.

#Memecoins #PEPE✈ #MOG_COIN #cryptocurrency #Blockchain

"Who Owns Bitcoin, Makes the Rules"

Mars Finance News reported that "Who owns Bitcoin, makes the rules," is a prophetic view by Max Keizer about Bitcoin's impact on reshaping global power dynamics. This statement has elicited strong reactions in the financial community as Bitcoin is no longer just a store of value but is becoming the foundation of future governance frameworks.

$BTC

#Bitcoin❗️ #BTC☀ #FinancialNews #cryptocurrency

Crypto Meme Sector Experiences Sharp Decline, WIF Drops Over 16% in 24 Hours

On August 1, according to HTX data, the meme coin sector has generally declined, impacted by the downward market trend. Key declines include:

WIF down over 16% in 24 hours
SATS down over 13% in 24 hours
BONK down over 12% in 24 hours
Pepe down over 12% in 24 hours
FLOKI down over 12% in 24 hours
PEOPLE down over 12% in 24 hours

#Memecoins🤑🤑 #Bonk #PEPE✈ #FLOKI #PEOPLE

DEX Trading Volume Increases by Approximately 34% from January to This Month

DEX trading volume has shown slow and steady growth in 2024, rising from $133.5 billion in January to $179.5 billion this month, marking an increase of approximately 34%.

#dex #tradingvolume #Crypto #Blockchain #FinancialNews

Kujira Responds to Liquidation Concerns: Establishing DAO for Asset and Protocol Management

On August 1st, PANews reported that the Kujira team announced on platform X their decision to use part of their operational funds to enhance ecosystem liquidity. This decision was deemed reasonable at the time. However, subsequent events, including security vulnerabilities and social engineering attacks, caused market instability. Misleading claims of an "exit scam" by some social media influencers exacerbated market fears. The team clarified that 14 million KUJI remains secure in the organization's treasury, and the entire treasury is not at risk. To improve transparency and accountability, Kujira will establish a Decentralized Autonomous Organization (DAO) to manage the treasury and core protocols.

Previously, KUJI token experienced a 40% drop due to the liquidation of Kujira Foundation's operational wallet.

#Kujira #KUJI #DAO #Crypto #Blockchain

Notcoin Launches New Gaming Division "Not Games" with First Game "Lost Dogs"

Notcoin has introduced a new gaming section called "Not Games," showcasing games from various developers. Users can earn rewards based on their participation and tournament levels within Notcoin.
The first game under Not Games is "Lost Dogs: The Way," a nurturing game where players vote on the story direction daily and receive rewards in Fake or Not. Mad Tail, the Chief Business Officer (CBO) of the Lost Dogs series, mentioned that integrating Notcoin into the game enhances user experience.

#NOTCOİN #NotGames #LostDogs #CryptoGaming #blockchaingaming

Ethena Labs Takes Precautions Against Potential Risks Using USDe for Derivatives Collateral

Ethena has introduced a feature allowing traders to use USDe as collateral for derivatives trading. Conor Ryder, head of research at Ethena Labs, explained that they have taken the necessary precautions to mitigate potential risks. Guy Young, Ethena Labs' founder, stated that the company and its partners have implemented appropriate safeguards. Ethena collaborates with five exchanges to diversify short bets on USDe: 48% on Binance, 23% on Bybit, 20% on OKX, 5% on Deribit, and 1% on Bitget. The collateral for USDe is diversified: 50% supported by Bitcoin, 30% by Ethereum, 11% by Ethereum Liquid Tokens, and 8% by USDT. Bybit has also announced the use of USDe for derivatives trading, offering up to 20% annual interest.

#EthenaLabs #usde #Derivatives #cryptotrading #Binance

July NFT Sales Total Estimated at $430 Million, Down 2% from Previous Month

CryptoSlam's data on NFT sales across 20 blockchains shows that in July 2024, total NFT sales reached approximately $430 million, a 2% decrease from $439 million in June. Sales on the Ethereum blockchain accounted for 33.07% of the total, around $142 million, making it the top platform. Solana followed with 22.69%, approximately $97.66 million. Bitcoin came next with $77.31 million, Polygon with $33.92 million, Immutable with $21.03 million, and Mythos with $17.51 million.

#NFT #Ethereum(ETH) #Solana⁩ #Bitcoin❗️ #cryptonews

OKX Officially Begins HMSTR/USDT Futures Pre-Market Trading

OKX has officially launched its pre-market trading feature, with the HMSTR/USDT futures contract available in the initial phase. Through OKX's pre-market trading, users can trade before the currency launches, becoming the first to buy and sell digital currency futures contracts selected by the platform and enjoy double leverage.
Pre-market trading delivery contracts are essentially USDT-based delivery contracts. They are typically delivered before the new token is launched on the spot trading market, allowing users to participate in the initial price formation of the new token. OKX has noted that the pre-market trading token price is determined by the market and carries significant volatility risks. Users should exercise caution when participating. Pre-market delivery contracts do not guarantee that the currency will ultimately be listed for spot trading. Please pay attention to OKX announcements for specific currency listing details.

#Write2Win #cryptonews #airdrop