This column was co-written by Frank Chaparro, Special Projects Director at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not necessarily reflect those of their employers. My name is Frank. Greetings from the United Club Lounge. I am waiting for my flight out of San Francisco after a few weeks of traveling from New York to Jackson and finally to San Francisco. Recent events have got Laura and I thinking about crypto hubs.San Francisco has been a technology hotbed since the early days of the semiconductor industry, with the…
Author: Crypto Flexs
Read More
According to a blog post on August 27, Ondo Finance, a real-world asset (RWA) protocol, is extending access to the Ondo US Dollar Yield Token (USDY) to Arbitrum, an Ethereum layer 2 scaling network.Ondo’s USDY is a yield token designed to allow users to earn up to 5.35% annual yield on stablecoins like USD Coin (USDC). According to Ondo, each USDY token is backed by bank deposits and short-term government bonds. “This launch paves the way for some of the largest decentralized finance applications to leverage tokenized U.S. Treasuries,” Katie Wheeler, Ondo’s VP of partnerships, said in a statement. USDY…
Lawrence Jengar 27 Aug 2024 21:49 Gala Games partners with Coinflow to integrate Google Pay and Apple Pay to improve payment options for seamless NFT transactions. Gala Games has announced that it is working with Coinflow to integrate Google Pay and Apple Pay as new payment options within its ecosystem. According to Gala News, the development aims to streamline the trading of NFTs and other digital content on the Gala platform. Enhanced Payment Options This integration represents a significant milestone for Gala Games, which has focused on making its ecosystem more accessible and versatile.…
We are excited to launch a new, general-purpose resource on cryptocurrency security.Welcome to the exciting journey of owning cryptocurrencies. Start here and learn more about the basics of risks in the crypto space and where to go to keep your crypto safe.Vault12: Keep Your Crypto Safe | Wasim Ahmad, Chief Crypto OfficersummationCryptocurrency wallets are very easy to use in an unsafe manner.You need to understand what the seed phrase is. You need to understand why seed phrase backup is the most important thing to keep your cryptocurrency safe. The right choice for cryptocurrency security is unique and varies from person…
As Bitcoin’s price action heads towards $60,000, massive withdrawals are occurring from exchanges.According to data from on-chain analytics platform CryptoQuant, there was a net outflow of 45,000 bitcoin (BTC) from exchanges on August 27.Bitcoin Exchanges See Surge in WithdrawalsBitcoin bulls may have temporarily lost steam, but there is already interest in “buying the dip” behind the scenes.According to CryptoQuant, August 27th is currently expected to be the third largest net exchange outflow of 2024. The current net outflow total is just under 45,000 BTC, which is down from the daily outflows of around 52,000 BTC and 68,500 BTC on July…
Solana’s metrics have become increasingly reliant on memecoins. Solana’s vulnerability exposed as top memecoins decline New competition in the Mimecoin space poses greater risks. The Solana blockchain has been the hub for Mimecoin transactions for the past year. Thanks to its low fees and ease of use, Mimecoin traders have flocked to Solana, making it a significant source of network traffic. However, Solana’s main Mimecoin has recently experienced long-term losses, exposing significant risks to the chain and its over-reliance on the volatile Mimecoin market. Solana’s Blockchain Shakes as Memecoin Activity Declines The recent MIME crash has shown just how exposed…
Developer Solayer Labs Solana brush -1.78% Re-staking protocol Solayer has raised $12 million in a seed funding round led by Polychain Capital. Other investors in the round include Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE, and Arthur Hayes’ family office Maelstrom, Solayer Labs said Tuesday.The round closed in May and was structured as a simple future equity agreement (SAFE) with token warrants, co-founder Rachel Chu told The Block. The funding round brought Solayer’s valuation to $80 million, Chu added.Earlier this month, Binance Labs announced that it had invested in Solayer. Chu said the investment was part of…
Louisa Crawford 27 Aug 2024 18:59 Arkham has partnered with CoinGecko and GeckoTerminal to integrate market data and on-chain analytics to enhance trading insights for millions of users. Arkham, the leading on-chain analytics platform, has announced a strategic partnership with CoinGecko and GeckoTerminal. According to arkhamintelligence.com, the collaboration aims to combine CoinGecko and GeckoTerminal’s robust market data with Arkham’s cutting-edge on-chain data to provide users with an enhanced trading analytics experience.Expanding existing relationshipsSince the launch of the Arkham platform, the company has worked closely with CoinGecko to provide token price data. This new partnership…
According to on-chain data, the largest non-exchange holder of dogwifhat, a Solana (SOL)-based Mimecoin, continues to accumulate WIF. Blockchain tracking firm Lookonchain says Solana addresses beginning with “mmEAfW” have recently accumulated hundreds of thousands of WIF. “The largest WIF holder used 1.54 million USDC to buy back 800,556 WIF at $1.92 each! This whale currently holds 28 million WIF ($53.23 million) and has generated over $77 million in revenue from WIF!” Source: Lookonchain/X Last week, Lookonchain shared a chart showing the whales’ accumulation process: they bought aggressively during the March bull run, sold their profits in April and May, and…
Bitcoin (BTC) rose to $65,000 over the weekend (August 24-25), continuing a three-week recovery since its crash on August 5 and continuing its rally to $49,500. As prices return to the comfort zone of many investors, traders will be wondering whether trading will continue in the same range, whether consolidation will occur, or whether a range expansion will occur towards new highs. Now let’s take a look at some Bitcoin price data points to see if it’s time for BTC to break out of its current range. DXY falls to lowest level since the beginning of the yearThe interaction between…