Aave’s decentralized autonomous organization is launching the GHO stablecoin on the Arbitrum blockchain as part of itsCross-chain expansion strategy.””teaMulti-collateral stablecoins built into the Aave protocol will leverage industry standards. Chainlink Cross Chain Interoperability Protocol (CCIP) “We will roll out gradually, starting with Arbitrum as our first network and expanding to other networks over time,” the statement reads.The GHO stablecoin, native to the Aave protocol, is fully backed and transparent by the Aave DAO, which manages the token supply. Assets available within the Aave protocol can also be used to back GHO. Almost a year ago, ghost We have activated a…
Author: Crypto Flexs
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Binance, one of the world’s leading cryptocurrency exchanges, has announced that it will be adding new trading pairs and trading bot services to its Binance Spot platform starting from July 3, 2024 at 14:00 (UTC). According to Binance, this move aims to expand the trading options and improve users’ trading experience. New trading pairs The newly introduced trading pairs include WIF/BRL, ZK/USDC, and ZRO/USDC. These pairs will be available for trading from the specified date and time. Binance will Legal tender It does not mean any other digital currency. Trading bot service In addition to…
HashKey Group’s airdrop campaign has started. The company plans to distribute millions of its platform tokens, HSK. HSK is based on the ERC-20 standard. HashKey Group announced on Tuesday the launch of a community airdrop for its platform token, HSK. Based on the ERC-20 standard, the HSK token is designed to provide holders with a variety of benefits, including transaction fee discounts, community rewards, cross-platform ecosystem collaboration, exclusive token pre-sale rights, and business growth activities at HashKey Global. HashKey announced last month that HSK will supply a total of 1 billion tokens, of which 65% will be allocated to ecosystem…
Bitcoin (BTC) was focused on $63,000 on July 2, amid macro liquidity changes.BTC/USD 1-hour chart. Source: TradingViewBitcoin Analyst on Global Liquidity: “You Like to See It”According to data from Cointelegraph Markets Pro and TradingView, the BTC price moved to solidify its bullish momentum and hit a monthly close.Despite the overall failure to break above key resistance levels above $64,000, Bitcoin traders have been rekindling their optimism as July begins.“Bitcoin resumes its uptrend,” popular trader and analyst Rekt Capital summarized in one of several news posts on X (formerly Twitter).BTC/USD chart. Source: Rekt Capital/XRekt Capital highlighted the monthly close as a…
Sentient, an open source artificial intelligence development platform polygon Matic +1.48% Sandeep Nailwal, co-founder and one of the key contributors, raised $85 million in a startup funding round.Sentient said Tuesday that Peter Thiel’s Founders Fund, Pantera Capital, and Framework Ventures co-led the massive round. Other investors in the round include Ethereal Ventures, Robot Ventures, Symbolic Capital, Delphi Ventures, Hack VC, Arrington Capital, HashKey Capital, Canonical Crypto, and Foresight Ventures.Nailwal told The Block that Sentient began raising seed funding in March of this year and closed in May. He declined to comment on the structure or valuation of the round. Nailwal…
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that 11 altcoins could be delisted. On Monday, Binance expanded its “monitoring tags” for Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT), and Sun (SUN). Binance says tokens with monitoring tags are more volatile and risky than other crypto assets. The exchange monitors and conducts “regular reviews” of tokens with tags. Binance says: “Please keep in mind that tokens with monitoring tags may no longer meet the listing criteria and are at risk of being…
In a strategic move to encourage community engagement and strengthen the ecosystem, Cronos (CRO) has announced the launch of the zkEVM Pioneer Program. According to Cronos, the initiative will allow users to earn points by completing various quests on the network’s testnet, with the opportunity to claim these points for additional revenue in participating decentralized applications (dapps) in the future.Introducing the Cronos zkEVM Pioneer ProgramThe Cronos ecosystem is working with engineering teams from Matter Labs (the team behind zkSync), Crypto.com, VVS Finance, Fulcrom Finance, and Veno Finance to develop the next-generation blockchain network called Cronos…
HashKey Group, an Asia-based cryptocurrency financial services company, today officially launched a community airdrop for its platform token, HSK, with a listing planned for Q3 of this year.The company said: name On Tuesday, users can now claim HSK by logging into the Telegram bot called “DejenDog” and completing assigned tasks. Users can also earn additional points for token redemption by playing the DejenDog tap-to-adult mini-game on Telegram. HashKey plans to distribute a total of 10 million HSK tokens before the planned listing.“By tapping on the husky-themed dog character, users will earn HIT points, which can be redeemed for more eligible…
Altcoins are showing signs of recovery and have significant upside potential. Analysts highlight strong market moves and positive technical patterns that indicate a bullish trend. The altcoin market is showing signs of reversing its recent downtrend, with the market crashing from a high of over $1.26 trillion in March to $960 billion on June 24. A significant rebound was observed in July. In the past few days, the altcoin market has experienced a surge of around 3%, once again breaking the $1 trillion mark and is now worth $1.025 trillion. This resurgence in the altcoin market is closely tied to…
Ethereum exchange-traded funds (ETFs) have seen their biggest outflows in two years as the U.S. Securities and Exchange Commission continues to delay approving spot ETF trading.According to CoinShares’ latest Digital Asset Funds report, these outflows have resulted in $30 million in outflows from global cryptocurrency-related investment products for the third week in a row.But James Butterfill, head of research at Coinshares, noted that last week’s modest moves “show that outflows have slowed down considerably.”Meanwhile, negative sentiment had little effect on trading volumes in these products, which rose 43% to $6.2 billion per week, but still significantly below the weekly average…