Orbs, a layer 3 liquidity protocol, has partnered with SYMMIO and IntentX to launch Perpetual Hub to improve the on-chain futures experience for leveraged traders. Defi perpetual futures providers typically use order books as a liquidity mechanism to facilitate token swaps and bootstrap trading. According to DefiLlama, this method allows investors to participate in decentralized perpetual contracts, but many industry experts argue that it lacks capital efficiency for the $3.4 billion locked up in on-chain derivatives. DeFi derivatives TVL | Source: DefiLlama Orbs Persistent Hub To solve this problem, Orbs introduced an intent-based persistent hub that provides a comprehensive on-chain…
Author: Crypto Flexs
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Talos, a cryptocurrency trading software provider and unicorn backed by giants including Citibank and Andreessen Horowitz (a16z), has acquired Skolem, which provides a DeFi access platform.The transaction size and other terms were not disclosed, but Talos said it will help Skolem expand its on-chain capabilities and connect institutional clients to additional decentralized finance or DeFi services.Anton Katz, co-founder and CEO of Talos, told The Block: “With this acquisition, Talos will expand its on-chain capabilities and provide customers with access to additional DeFi liquidity pools as well as its Portfolio Management Service (PMS) services. “It will help us expand to DeFi…
May 30th What is VELAR? Post time: 10:01h education Maria Lobusova Velar is a decentralized finance (DeFi) liquidity protocol that leverages the security of Bitcoin through a layer 2 agnostic approach, initially leveraging the Stacks blockchain and Clarity smart contract language. Designed to integrate Bitcoin’s fundamental strengths with advanced DeFi capabilities, Velar takes strategic steps forward by introducing sophisticated solutions such as automated liquidity protocols and the world’s first decentralized perpetual contract exchange with Bitcoin finality with up to 20x leverage. It unfolds as follows. With significant support and strategic partnerships, Velar aims to establish itself as a leading platform…
The U.S. Department of Justice (DOJ) arrested Yune Wang, 35, a national of the People’s Republic of China and an investment citizen of St. Kitts and Nevis, on charges of engaging in “cyberattacks, botnet fraud used to commit large-scale attacks.” These include large-scale fraud, child exploitation, harassment, bomb threats and export violations.”According to the May 29 indictment, from 2014 to 2020, Wang “created and accumulated malicious code to compromise and accumulate networks of millions of home Windows computers around the world,” affecting more than 19 million IP addresses through the 911 S5 botnet from 2014 to 2020. He was indicted…
The past few months have seen the Goliaths of the cryptocurrency world, the Ethereum whales, flex their financial muscle. According to a recent report from Santiment, on-chain data shows a surge in whale activity following the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Ethereum exchange-traded fund (ETF). This heightened participation from large investors adds additional excitement to Ethereum’s bullish momentum, suggesting growing confidence and expectations within the market. Related Reading Whale of the Ages: An Anchor for Future Accumulation The SEC’s surprise approval of Form 19b-4 for ETF applications from big names like BlackRock and Fidelity on…
The Celo Network has officially integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), strengthening its position as a powerful Ethereum Layer-2 and mobile-first blockchain. According to the Celo Foundation, the integration aims to strengthen cross-chain security and reliability and facilitate seamless token transfers and other key blockchain operations. Improved cross-chain security Chainlink CCIP introduces an industry-standard interoperability solution to the Celo ecosystem, providing multiple methods for cross-chain token transfers. It includes burn/mint, lock/unlock, and lock/mint mechanisms to support a wide range of use cases and applications. With this integration, Celo’s ecosystem is expected to significantly benefit from…
PayPal integrates PYUSD with Solana blockchain. It promises improved transaction speeds and reduced costs. Crypto.com, Phantom, and Paxos provide an initial on-ramp. Stablecoin transfers are becoming increasingly important in cryptocurrencies due to their reliability and ease of use for customers. Most recently, PayPal, one of the world’s largest payment networks, announced a major step forward for stablecoins. PayPal’s PAYUSD is now available on the Solana blockchain. This move leverages Solana’s high-speed and low-cost transaction capabilities to provide users with a cheaper payment method.PayPal USD has been integrated with the Solana blockchain.At the Consensus 2024 conference on Wednesday, May 29, PayPal…
join us telegram A channel to stay up to date on breaking news coverage The cryptocurrency market appears to be fairly neutral, but some coins are trying to bounce back. Investors should pay attention to this consolidation phase as it could be an opportunity to ride the upward trend. Institutional investors are now paying more attention to interoperability and tokenization of real-world assets. The prices of these assets are rising even before the market fully rises. The goal is to identify: Next Cryptocurrency to Explode Inform investors and traders about each token. The next cryptocurrency to explode Next month, the…
Bitcoin (BTC) failed to attract bids close to $70,000 on May 30 as traders prepare for a “pretty large” macroeconomic data release.BTC/USD 1-hour chart. Source: TradingViewBTC Price: Bulls “Lacked Sustained Momentum”Data from Cointelegraph Markets Pro and TradingView shows that BTC price action is lacking momentum as it breaks away from nearby support levels.The four wickets at $67,000 in recent days have established the importance of that level as a line in the sand to hold for the bulls. The bulls nevertheless struggled to muster the strength to revisit overhead resistance.“After reaching the top range and market supply of $72,000, the…
Still running out of FOOLS? This is nothing more than a PONZI plan. So you also support censorship. Are you asking a valid question but not posting? Why is that? Because you are afraid of the truth. Why is that? Are you hiding something? Of course it is. Bitcoin is a scam pure and simple.