Ted Hisokawa 24 July 2024 19:55 Polygon (MATIC) CDK is the first chain development kit to integrate Circle’s Bridged USDC standard, providing seamless upgrades and improved liquidity. Polygon (MATIC) CDK has become the first chain development kit to integrate the Bridged USDC standard developed by USDC issuer Circle, polygon.technology announced. This integration aims to streamline the deployment and future upgradeability of Bridged USDC on EVM chains, improving both developer and user experience. Improved developer and user experience The Bridged USDC Standard allows developers to build on a single contract address that remains consistent even…
Author: Crypto Flexs
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John Paul Torbjornsen, also known as “JP Thor,” recently confessed something he had kept hidden for a long time. He is the founder of THORChain, a well-known layer 1 cross-chain protocol, and while doing so, he pretended to be a woman named “Lina”, acting completely virtual for 6 years. Now, just months after revealing his identity, Thorbjornsen has revealed his next crusade: building his own super app while “vampirizing” bad players in the decentralized finance (DeFi) industry. “I’m going to vampire attack the entirety of DeFi and wake everyone up,” Thorbjornsen told the magazine. “I’m going to do a six-month…
The price of PEPE has risen by more than 3% in the last 24 hours. Several market indicators were bearish on Mimecoin. After a week of price declines, Pepe’s price has once again gained bullish momentum. This recent uptrend could continue further as memecoin breaks through important levels. Let’s take a closer look at what’s happening in PEPE. PEPE’s bullish breakout CoinMarketCap’s data PEPE said it had suffered a major price correction last week, dropping more than 2% in value. However, things have improved in the last 24 hours. The price of Mimecoin has surged by more than 3%. At…
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.The Ether ETF has launched. The market debut of the new fund tied to the second-largest cryptocurrency has seen trading volumes surpass $1 billion, which is about 23% of the volumes of the Bitcoin ETF on its first day of trading earlier this year. In terms of overall flow, Ether flows were about 16% of Bitcoin flows.At this point, it is almost a cliché…
Ted Hisokawa 24 July 2024 16:28 Injective (INJ) has launched USDM, a yield-generating stablecoin integrated with Mountain Protocol, and is strengthening the DeFi ecosystem with tokenized treasury bonds. Injective (INJ) announced an integration with Mountain Protocol, bringing the first native yield-generating stablecoin USDM to the ecosystem. According to the Injective blog, the collaboration aims to improve the decentralized finance (DeFi) landscape by giving users the ability to utilize USDM in a variety of decentralized applications (dApps) and earn yields on Treasury bonds. What is Mountain Protocol? Mountain Protocol, the issuer of USDM, is backed…
Franklin Templeton, one of the first firms to issue a Bitcoin exchange-traded fund (ETF) in the United States, is bullish on more cryptocurrency ETFs, including Solana’s product.“Beyond Bitcoin and Ethereum, there are other exciting and important developments that I believe will drive the crypto space forward,” Franklin Templeton wrote in a July 23 post to X. The post added:”Solana has demonstrated mainstream adoption and continues to mature while overcoming technical growing pains and highlighting the potential of a high-throughput monolithic architecture.”Franklin Templeton’s Spot Ethereum ETF Launches on CBOEThe day Franklin Templeton released its statement on a potential Solana (SOL) ETF…
Bitcoin saw a brief rally at the Wall Street open on July 24, as a popular analyst predicted a “tug-of-war” on exchanges.BTC/USD 1-hour chart. Source: TradingViewBitcoin ‘retreat’, core support remainsBitcoin (BTC) price is up about 1% on the day, targeting $67,000, according to data from Cointelegraph Markets Pro and TradingView.Despite the decline that some had expected, the major support level at $65,000 and the short-term holder realization price at $65,110 held.Source: Rect CapitalThe latter level, monitored by on-chain analytics platform Glassnode, represents the total cost base of Bitcoin speculators and has recently recovered to support levels that had been briefly…
According to a recent report from CoinShares, Ethereum (ETH) saw increased inflows last week, surpassing Solana (SOL) inflows in 2024, coinciding with its imminent launch. Exchange Listed Fund (ETF) allows regulated investment in the second-largest cryptocurrency by market cap in the United States. ETH dominates inflows that much report Ethereum has seen strong momentum over the past month, with inflows reaching $45 million last week, pushing it to over $103 million this year, surpassing Solana’s year-to-date (YTD) inflows. However, Solana saw inflows of $9.6 million during the same period, lagging behind Ethereum with a YTD total of $71 million. inflowAmong…
Options traders now expect greater price volatility in Bitcoin compared to Ether, indicating that short-term market sentiment may be shifting in favor of Bitcoin. After the highly anticipated Ethereum spot exchange listed fund (ETF) trading (ETF) launched on Tuesday, but the expected market surge did not materialize. Over the past 24 hours, Ethereum Ethereum -1.51% As of this writing, it is down 1.4% and is currently trading at $3,455. The pricing page of the block. QCP Capital analysts observed that Bitcoin options now have higher implied volatility than Ether options, meaning that greater price volatility for BTC is expected in…
Cryptocurrency investors who suffered losses due to the 2022 Terra Luna incident may be able to claim a refund. The insolvent fintech company has tentatively announced a cryptocurrency loss limit date. TerraForm, which was fined $4.5 billion by the SEC, has less than $100 million in known assets. The Terra Luna crash was a disaster that has been lingering in the crypto space for over two years. The collapse of Terra Luna’s ecosystem in May 2022 triggered a tsunami of liquidations across the crypto space, originating from small and professional traders, crypto hedge funds, and crypto-collaborators.The nightmare appears to be…