Layer 2 and Scaling • July 7, 2024 4:59 PM EDT Posted 1 minute earlier In ~ Updated: July 7, 2024 5:03 PM EDT forehead forehead -7.16% Dango Layer 2 testnet, a mobile-first Layer 1 blockchain, has launched as the first major step towards its subscription plan. Ethereum Ethereum -6.62% ecosystem. Celo, which is compatible with the EVM, voted in July last year to transition its Layer 1 network to an Ethereum Layer 2 chain. After eight months of evaluation, the Celo community Layer 2 network using Optimism Office -8.27% Stack joins Optimism’s so-called “superchain” ecosystem alongside Base, Zora, Mode,…
Author: Crypto Flexs
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OKX Ventures, the investment arm of leading cryptocurrency exchange and Web3 technology company OKX, has announced participation in a pre-seed investment round by Compute Labs. The Singapore-based startup is pioneering the tokenization of real-world assets (RWAs) with a focus on enterprise-grade GPUs. Compute Labs’ Innovative Approach Compute Labs is at the forefront of revolutionizing the computing market by offering a novel GPU Restaking solution. This cutting-edge approach democratizes access to computing returns by allowing a wider audience to invest in expensive computing assets. Compute Labs aims to make enterprise-grade GPUs more accessible to everyday investors…
Santiment, a popular cryptocurrency analytics firm, has released a list of large-cap altcoins that could see a short-term rally following last week’s correction. The cryptocurrency insights firm revealed that the Market-to-Realized Value (MVRV) metric for seven altcoins on social media platform X has fallen into negative territory. MVRV is the ratio of the market capitalization of a digital asset to the realized capitalization or the value of all coins at the purchase price. When the MVRV value falls below 0, it indicates that the coin is currently oversold or undervalued. Santiment says: “The lower the 30-day MVRV of a coin,…
Tier 1 • July 7, 2024 6:53 PM EDT Posted 1 minute earlier In ~ The long-awaited ‘Firedancer’ independent verification client Solana brush -8.25% The blockchain built by Jump Crypto will soon launch its first bug bounty program. Announced by pseudonymous developer Cantelope Peel, the program will run for six weeks, starting July 10. Backed by Immunefi, the program will award up to $1 million to developers who discover critical bugs in the first version of the client, Firedancer v0. 1 (nicknamed “Frankendancer”). According to Cantelope Peel, work on Firedancer appears to be going smoothly, writing that X has “tested…
Binance has unveiled the next round of its popular ‘Learn & Earn’ program, where users can expand their blockchain knowledge and earn W token rewards by completing courses and quizzes. The announcement was made on the official Binance website.Period of activityThe ‘Learn & Earn’ initiative will run from 09:00 UTC on July 4, 2024 to 09:00 UTC on July 18, 2024. During this period, verified users can participate on a first-come, first-served basis and receive a pre-determined amount of W tokens.Eligibility and ParticipationTo qualify, users must complete account verification (KYC) on Binance. Once verified, users…
LINK has fallen more than 6% over the last 7 days. Buying pressure on LINK was high, but indicators suggested a price decline. Chainlink (LINK) On July 7th, a promising bullish rally began, suggesting a recovery from last week’s losses. However, LINK failed to sustain its gains and soon lost its upward momentum. Let’s take a closer look at what’s happening at LINK and what you can expect going forward. Sell signal appears on LINK chart CoinMarketCap’s data LINK’s price has dropped by more than 6% over the past seven days. However, things have started to improve as the token…
Bitcoin (BTC) is witnessing a fierce battle between the bulls and the bears. Buyers are trying to keep the price in the range of $56,552 to $73,777, while the bears are trying to push the price lower. Sellers pushed the price down to around $53,500 on July 5, but the lower levels attracted the bulls to buy.According to Farside Investors, the U.S.-based Spot Bitcoin ETF saw net inflows of $143.1 million on July 5, the largest in a month. In a post on X, Bitwise Asset Management CEO Hunter Horsley said that investors without exposure to Bitcoin “have a buying…
price World Coin world -1.016% ‘s token is currently down about 80% from its March high, shortly after Sam Altman-co-founded company OpenAI released Sora, a text-to-video generation AI model. Nevertheless, Worldcoin is set to soon double its daily token unlock rate, as are several other prominent projects in the cryptocurrency space that are set to release millions of dollars worth of tokens to the market. Here is a list of all major tokens unlocked during the remainder of July that are worth more than $10 million at current prices: Xai: July 9, $70 millionXai, a Layer 3 game-based project decision…
The cryptocurrency markets crashed this week, with most coins suffering huge losses. Popular Mimecoin has been dethroned after a huge crash. One coin bucked the trend and remained strong. The once booming cryptocurrency market has had a brutal week, with a chilling domino effect sending shivers down investors’ spines. All but one of the top 10 coins have suffered significant losses, leaving red marks on the charts and deepening anxiety about the future. Top 10 Face Key Price Modifications Leading the downward spiral were industry heavyweights BNB and Ethereum, both of which plunged more than 10%, with BNB down 11.5%…
Blockchain platform Cronos (CRO) announced the launch of a new zkEVM Bridge campaign, which gives users the opportunity to earn points by linking Ethereum and Cronos EVM’s CRO tokens. According to the official announcement, the initiative is part of the Cronos zkEVM Pioneer Program, which aims to encourage participation and reward early adopters. zkEVM Journey The Cronos zkEVM project and its associated decentralized applications (dApps) have launched the Cronos zkEVM Passage campaign, the final step before the mainnet launch, allowing users to connect their assets to Cronos zkEVM and earn loyalty points as a reward.…