james ding December 17, 2024 15:21 According to Dan Morehead of Pantera Capital, the Pantera Bitcoin Fund has achieved the milestone of 1,000x growth since its inception, highlighting the growing institutional interest in blockchain technology. According to Dan Morehead, founder and managing partner of Pantera Capital, the Pantera Bitcoin Fund has achieved an incredible milestone since its inception, reaching 1,000 times its initial valuation. This performance highlights the significant growth and institutional interest in Bitcoin (BTC) and blockchain technology. Institutional interest in blockchain Dan Morehead discussed the fund’s performance and its broader impact on…
Author: Crypto Flexs
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Singapore, Singapore, December 18, 2024, Chainwire dTRINITY, the next-generation stablecoin liquidity protocol, announced its mainnet debut on the Fraxtal L2 Network. The platform is designed to address the key challenge of the rising cost of credit in DeFi by lowering interest costs and improving returns for stablecoin users. At the core of dTRINITY is a protocol-based stablecoin (dUSD) that acts as an integrated liquidity layer between money markets (dLEND, Aave v3 fork) and external liquidity pools (e.g. Curve). dUSD is backed 1:1 by on-chain collateral reserves comprised of stablecoins such as USDC, FRAX, DAI, etc. and yield coins such as…
Cryptocurrency exchange Coinbase cited risks associated with Tron founder Justin Sun in its lawsuit over the delisting of Wrapped Bitcoin (wBTC). In a recent complaint, wBTC custodian and Sun-affiliated BiT Global accused Coinbase of using wBTC (the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain) for a “cash-out” and delisting it to exchange for existing bitcoins. They criticized it for replacing it with coins. Your own version of the asset. I complained, “In the case of packaged Bitcoin, Coinbase viewed it as another cash grab. Competitor wBTC had what it wanted. It was a revolutionary product that unlocked…
Ted Hisokawa December 17, 2024 15:49 Wormhole expands support for Circle’s cross-chain transfer protocol, enabling seamless USDC transfers across major blockchains with improved liquidity and developer integration. Wormhole announced that it has expanded support for Circle’s Cross-Chain Transfer Protocol (CCTP) to facilitate native USD Coin (USDC) transfers across eight major blockchains. According to Wormhole, this development aims to consolidate liquidity and provide seamless integration for developers. Cross-chain function expansion Wormhole integrates with Circle’s CCTP, allowing developers to create applications that can transfer USDC on Ethereum, Solana, Arbitrum, Base, Optimism, Polygon, Avalanche, and Sui. This…
Dubai, India, December 18, 2024, Chainwire Sophon launched its mainnet with the first Validium deployment on ZKsync powered by Avail DA. With over $500 million in Total Value Locked (TVL) through the Sophon Agricultural Program and a growing ecosystem of existing partners, Sophon is paving the way for scalable, consumer-focused blockchain applications. This release comes with significant community support. You can now claim over 120,000 node licenses purchased by over 5,800 unique participants. SOPH tokens are currently distributed as non-transferable, and in this initial phase all transactions will be free to users. Node holders will begin receiving rewards on January…
The whale’s purchase of $30 million of XRP signaled renewed confidence and a potential price increase. XRP’s technical indicators have suggested further bullish momentum if volume and sentiment continue. In the past 24 hours, whale investors purchased 30 million Ripple (XRP) tokens, sparking a surge in demand and drawing attention to XRP’s price potential. This sudden surge raises important questions. Could this be the start of a major rally for XRP? More interestingly, is it possible for XRP to reach extreme price levels like $100, $300, or even $500? Whale activity and immediate price impact Santiment data highlights a significant…
Tony Kim December 18, 2024 15:58 According to NVIDIA, AI-powered digital avatars are improving customer service by providing personalized support in multiple languages across industries. Learn how these technologies can transform your operations and improve your user experience. AI-powered digital avatars are making great strides in improving customer service experiences across a variety of sectors. According to NVIDIA, these digital humans leverage the power of generative and agent AI to provide consistent multilingual support and personalized guidance. Industry-wide impact Digital avatars are used in a variety of industries, including healthcare, communications, and retail. Facilitate…
Bitcoin (BTC) price hit an all-time high of $108,365 on December 17 before falling below $105,000. The short-term decline comes ahead of the US Federal Reserve’s interest rate announcement on December 18. A 25bp cut in the current market. Despite the short-term volatility, one cryptocurrency analyst emphasized that an optimistic scenario is taking shape, with long-term Bitcoin holders positioning themselves for future gains. Bitcoin LTH revenue generation decreases from $10 billion to $3 billionBitcoin broke its all-time high in November 2024 with an incredible return of 37%, followed by a profit-taking frenzy. Cointelegraph reported that selling pressure in November reached…
Chainwire, San Francisco, USA, December 18, 2024 Pepeto: The frog god of utility and vision. Unlike other memecoins’ transaction-centric approach, Pepeto Provides a comprehensive utility-centric ecosystem. Pepeto, known as the Frog God, aims to drive adoption of all future memecoins and elevate the sector through its fee-free cross-chain exchange and bridging technology. Pepeto Ecosystem Highlights: Fee-free exchange: A listing platform for emerging and established memecoins, ensuring free trading for token holders and investors. Crosschain Bridge: Seamless exchange of tokens between blockchains improves liquidity, accessibility, and collaboration across the entire cryptocurrency market. Staking Rewards: Investors can earn additional rewards by staking…
Ethena, a decentralized finance (DeFi) protocol, announced a strategic partnership with Donald Trump-backed World Liberty Financial on December 18. The partnership aims to integrate Ethena’s sUSDe token (a staked version of the USDe “synthetic dollar”) with World Liberty Financial’s Aave instance, allowing users to deposit USDe and receive rewards in both sUSDe and World Liberty’s WLF tokens. Let’s do it. Ethena Labs announces partnership with X.com. source: Ethena LabAccording to an announcement posted on X.com:“If this proposal passes, World Liberty Financial users will be able to benefit from sUSDe rewards and WLF token rewards. “Just as sUSDe’s integration into Aave’s…