Peregrine Exploration, a blockchain development and research company, has raised $3.6 million in a funding round co-led by Polychain Capital and Dragonfly to develop a stablecoin protocol called Level.According to a press release, Robot Ventures, Pier Two, EIV, and Global Coin Research participated in the round. Angel investors Balaji Srinivasan, Jeff Fang, Julian Koh, and Sidney Powell also participated.Level aims to be the first stablecoin protocol backed by re-staking dollar tokens. These tokens are created when someone stakes a dollar-denominated token (e.g. USDC or USDT) on a re-staking protocol like EigenLayer and earns re-staking yields. These yields are generated from…
Author: Crypto Flexs
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According to on-chain data, Ethereum whales have been on a significant buying spree recently, which is a sign that the ETH price could be bullish. Ethereum whales recently added 200,000 ETH to their holdings. As analyst Ali Martinez explains in a new post on X, ETH whales have been buying recently. A “whale” is an Ethereum investor who holds between 10,000 and 100,000 ETH in their wallets. At the current cryptocurrency exchange rate, the lower bound of this range is $26.4 million, and the upper bound is $264 million. Holders of this group would be among the largest groups in…
Jessie A Ellis 29 Aug 2024 09:56 NVIDIA announced record revenue for its second quarter of fiscal 2025, driven by increased data center demand and significant earnings per share growth. NVIDIA Corporation (NASDAQ: NVDA) reported record revenue of $30 billion for its second quarter of fiscal 2025, up 15% from the previous quarter and up a whopping 122% from the same period last year, according to the NVIDIA Newsroom. Sales and earnings growth The company’s gross margin for the second quarter was 75.1%, slightly lower than 78.4% in the prior quarter but higher than…
September has historically been a bearish month for crypto markets, often signaling a difficult Q3. With this week’s erratic price action, experts expect additional volatility. In this uncertain environment, seasoned analysts provide the strategic insight needed to navigate the turbulent conditions of the cryptocurrency markets. Analysts Share Altcoin Trading Strategies Miles Deutscher, a prominent crypto analyst, advises traders to target “quality altcoins” during significant declines. Deutscher defines quality as a strong narrative and relative strength against the broader market. He recommends sectors that are expected to see momentum as retail investors return. These include real-world assets (RWA), artificial intelligence (AI),…
Bitcoin (BTC) re-targeted $60,000 on August 29 as the market broke out of a new wave of impulsive selling.BTC/USD 1-hour chart. Source: TradingViewBinance sells 45,000 BTCAccording to data from Cointelegraph Markets Pro and TradingView, BTC price action coincided with a two-week low of $57,900 on Bitstamp before bouncing back.BTC/USD came under pressure the previous day, with market participants attributing the weakness to spot selling by the world’s largest exchange, Binance.Source: MartyPartyThe exchange has been embroiled in controversy over Palestinian users’ funds, with sell-offs particularly high during U.S. trading hours.According to data from monitoring resource CoinGlass, Binance’s BTC balance has been…
Kaia Announces Mainnet Launch with LINE’s NEXT WEB SDK, Accelerating Consumer Adoption – Chainwire housenewsroomKaia Announces Mainnet Launch with LINE’s NEXT WEB SDK, Accelerating Consumer Adoption We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the subscriber or user to use specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications via…
Kaia, a layer 1 blockchain launched by two of Asia’s largest messenger apps, announced its mainnet launch on Wednesday at 10 p.m. ET.According to a press release, “Kaia mainnet is scheduled to launch on August 29th and is the world’s fastest EVM blockchain with 1-second finality, ultra-low gas fees, and support from top Web3 partners in Asia, including Kakao and LINE NEXT.”Kaia was released in April. merger Kakao’s Klaytn and Line’s Pincia. Kakao operates a messenger app used by 96% of Koreans, while Line is the dominant messaging platform in Japan, Taiwan, and Thailand. According to a press release, the…
Aptos’ latest move aims to facilitate network activity via Bitcoin. APT’s strong recovery makes August more likely to end in the green. Aptos has been busy expanding its DeFi ecosystem to leverage more organic growth. In fact, its latest announcement highlights its plans to leverage more opportunities through Bitcoin. Aptos announced that Bitcoin holders can now connect their BTC to the blockchain thanks to a new collaboration with Echo Protocol. This collaboration will allow Echo to be launched on Aptos. Thanks to this development, Bitcoin holders will be able to exchange their BTC for aBTC, which can then be used…
After several days of price gains, some altcoins seem to be losing some momentum. Binance Coin (BNB) is struggling to break the $550 support level. Meanwhile, Tron (TRX) is maintaining its bullish momentum and is preparing to turn the next resistance level into support. At the same time, interest is growing in Intel Markets (INTL), a new blockchain-based project that aims to reshape cryptocurrency trading. The project is integrated with one of the most disruptive innovations of this century, AI, making it a new DeFi project to keep on your radar. Intel Markets (INTL): Revolutionizing the Global Cryptocurrency Trading Scene…
Louisa Crawford 29 Aug 2024 07:59 BNB Chain announces a new Bridge, enhancing cross-chain interoperability with partners Celer, deBridge, and Stargate. The initiative aims to streamline transactions and enhance DeFi. BNB Chain has announced the launch of BNB Chain Bridge, a major milestone in cross-chain interoperability. According to the BNB Chain Blog, this development, achieved in collaboration with leading cross-chain technology partners Celer, deBridge, and Stargate, aims to improve cross-chain connectivity, liquidity, and user experience on BNB Chain.Key BenefitsNavigating multiple bridges and tokens has long been a challenge for cryptocurrency users. BNB Chain Bridge…