Morpho is the first layer 2 protocol launched on Coinbase Base. Morpho has increased yields and lending options by introducing MetaMorpho Vault and Morpho Markets to Base. Morpho CEO Paul Frambot has changed his stance on native distribution, seeing it as pivotal to Morpho’s growth in DeFi. Morpho, a decentralized finance (DeFi) lending and borrowing protocol originally founded on Ethereum, marks a significant milestone by becoming the first layer 2 (L2) protocol to launch on Base, the scaling network for Ethereum introduced by Coinbase in 2023. Achieved. This expansion marks a pivotal moment for Morpho as it seeks to leverage…
Author: Crypto Flexs
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Unfounded reports that former President Donald Trump was launching an official cryptocurrency sent the token soaring sky high, while other politically-based memecoins plummeted.The X account for publishing Pirate Wires wrote in a post onPerhaps referring to the president’s youngest son.The Block reached out to the Trump campaign and the Trump Organization for comment but did not hear back as of publication time.Almost immediately, many users thought their X account had been hacked. Especially after Mike Solana, the editor-in-chief of the X account (not connected to the blockchain platform), responded to the post with the contract address. Additionally, the Solana-based DJT…
A trader known for contrarian cryptocurrency calls believes two decentralized finance (DeFi) altcoins are poised for massive gains. Household analyst Credible told his 398,100 followers on social media platform X that he is bullish on both Curve (CRV) and Convex Finance (CVX). Curve Finance is a stablecoin-focused decentralized exchange and Convex supports Curve by optimizing the yield of locked tokens. According to Credible, both altcoins are positioned to rebound after Curve founder Michael Egorov was liquidated on June 13. “We are seeing lower term impulses in CRV and CVX. Perhaps it is time for the great recovery to begin. Now…
join us telegram A channel to stay up to date on breaking news coverage Cryptocurrency is emerging as a central field of finance and investor interest is increasing. Tether, known as the world’s largest stablecoin, introduces Alloy, a new digital asset platform that combines the stability of the U.S. dollar and the safety of gold. The first token, aUSD₮, is backed by Tether Gold (XAU₮), Switzerland’s physical gold reserve. As interest in the cryptocurrency market grows, investors are pursuing it. New token launch, listing and pre-sale Take advantage of optimistic market sentiment. This article presents a selection of tokens to…
Dear Ethereum Explorers, Announcements are coming one ~ after Other The closer we get to Devcon. Today we are excited to announce the launch of our second funding round for the SEA community. clr.fund! We saw the excitement and grassroots energy growing in Southeast Asia on our SEA Tour in April and witnessed first-hand the passion of local builders. Special Initiative: Second round of funding for the SEA community 👏 The Southeast Asia Ethereum community is organizing a second funding round with clr.fund specifically for the region! The Devcon team is proud to support this initiative by contributing to the…
Chainlink (LINK) price is showing bearish momentum as the market appears to be showing signs of fatigue. Chainlink price shows a downward trend. Key support for the LINK/USD pair was found at $8.54. Pair resistance seen at $9.26 The price of the LINK/USD pair fell in an overall predictable overnight decline. Moreover, the market has lost 4.80% in the last 24 hours and is currently facing major resistance at $9.26. Currently, LINK price appears to be very bearish with key support at $8.54. Related Reading LINK price discount 1.83% Looking at the daily chart, we can see that the LINK/USD…
Circle integrates Solana for enhanced Web3 services. The integration brings programmable wallets, gas stations to subsidize transaction fees, and NFTs to Solana. Solana’s increase in active addresses highlights its expanding developer appeal. Circle, the peer-to-peer payment technology company currently managing the USDC stablecoin, has announced integration with the Solana blockchain, taking a significant step toward expanding its Web3 services. This move is intended to introduce advanced features that improve user interaction and automation within the Solana ecosystem. Circle’s web3 service expands to Solana. The integration of Circle and Solana will occur in two major steps: In the initial phase, Solana…
Fox Corporation announced a significant upgrade to its verification beta by switching to a proprietary zero-knowledge (ZK) blockchain using Polygon’s (MATIC) chain development kit (CDK). According to Polygon Technology, this move makes Fox Corporation the first company to launch ZK-based Ethereum Layer 2 (L2).Time as the first external partnerIn a notable development, TIME will become the first external media company to utilize Verification Protocol for content licensing and verification. The partnership aims to build a technological and cryptographic bridge to AI platforms, opening up new commercial opportunities for publishers.Content registration and verificationThe verification protocol, developed…
According to Blur, a non-fungible token (NFT) marketplace, the price of Bored Ape Yacht Club (BAYC) has plummeted over the past 24 hours, falling below $10 Ethereum (ETH). This sharp decline has surprised the NFT community and sparked discussion and concerns about the future of BAYC and the broader NFT market. At the time of writing, Blur lists the lowest price for BAYC as 8.95 ETH. Meanwhile, OpenSea, another major NFT marketplace, shows a slightly higher floor price of 9.49 ETH. Converting current prices to USD, 1 ETH is equivalent to $3,400, and the lowest BAYC price on Blur is…
Despite a brief rise to $151 on June 16, Solana’s native SOL token has experienced a 24% correction since June 7. This underperformed the overall cryptocurrency market capitalization, which fell 14% over the same period. This means that Solana (SOL)’s problems are more pronounced than the overall market’s decline in interest in cryptocurrencies.Several indicators, including on-chain activity on the Solana network and demand for leveraged positions, indicate that SOL’s bearish momentum is likely to continue. If demand remains flat, we could see a retest of sub-$130 levels.SOL Price Could Suffer Due to ETF ShortagePart of the decline in interest in…