Key Takeaways: USDX stablecoin launch: Hex Trust introduced USDX, a 1:1 USD-backed stablecoin, on Flare Network to improve the stability of the DeFi ecosystem. Clearfull integration: Clearpool’s Yield Vault allows users to stake USDX and earn real-world returns, expanding its utility within Flare’s DeFi applications. Security and Compliance: Hex Trust has a strong focus on security, including receiving SOC 1 Type II certification from Deloitte and integrating with MetaMask Institutional for secure access to dApps. Clearpool Security Audit: Clearpool has undergone multiple security audits from companies such as MixBytes and Pessimistic to validate its smart contract infrastructure while also identifying…
Author: Crypto Flexs
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I have always been intrigued by wolves. Even though they’re brooding loners in the woods, they’re always howling at the moon, as if they’re auditioning for an emo band. I really respect them. why? Well, Lord knows my dog, cut from the wolfish Darwinian cloth, can’t even put a princess’s paw on wet grass, let alone look at a grizzly bear. These people are braver than Donald Trump’s lawyer in a room full of tax auditors. It’s no wonder they were able to claim the moon as “theirs.” I mean, take a look at the Wolf’s Moon slot. Was Neil…
Binance opens its doors to small and medium-sized cryptocurrency projectsBinance, a leading global cryptocurrency exchange, has invited small and medium-sized projects to apply for various listing programs on its platform, according to a recent announcement on its official website. The move aims to foster a diverse and healthy industry by supporting projects with strong foundations, sustainable business models and committed teams. This announcement highlights Binance’s commitment to prioritizing user interests and creating a healthy and sustainable market environment.Binance Addresses Market Trends and RisksAccording to the announcement, Binance has observed a trend of tokens being launched…
Late Monday, Bloomberg ETF analysts increased the odds that the U.S. Securities and Exchange Commission (SEC) would approve a spot ETH ETF from 25% to 75%. Meanwhile, CoinDesk reports that the SEC has asked exchanges looking to list and trade potential spot ETFs to quickly update their 19b-4 filings, a sign that the regulator intends to expedite the process.
Bitcoin (BTC) was trading above $70,000 on May 21 after relentless bidding sent the BTC price soaring.BTC/USD 1-hour chart. Source: TradingViewBitcoin Buys Fuel March Above $69,000According to data from Cointelegraph Markets Pro and TradingView, BTC/USD is attempting to maintain its latest reclaiming ground around key psychological levels.Bitcoin surprised the previous daily close, with repeated buying liquidity pushing the market higher to nearly $72,000.Source: Trusted CryptocurrenciesIn doing so, the largest cryptocurrency outperformed short sellers, with $85 million in BTC shorts wiped out in just 24 hours as of this writing, according to data from monitoring resource CoinGlass.Cryptocurrency liquidation (screenshot) Source: CoinglassCommenting,…
Gala Games confirmed an attack on GALA tokens. The company said the attack was “contained.” CEO Eric Schiermeyer hinted at what permitted the attack. Web3 gaming company Gala Games said on Tuesday that a security incident that led to the unauthorized issuance of billions of GALA tokens has been “contained.” On May 20, GALA plummeted nearly 15% due to concerns about possible abuse. Etherscan data shows that someone minted and transferred 5 billion GALA, worth about $212 million, during the incident. Gala Games’ response Hours later, on May 21, Gala Games released its first update acknowledging the exploit. “The security…
join us telegram A channel to stay up to date on breaking news coverage meme coin It has been prominent in the cryptocurrency sector since the beginning of this year. Early investors reaped significant profits from this surge. Although meme coins have experienced relative stability recently, the prices of these tokens have risen exponentially since the Bitcoin halving. Taking this into account, market participants look for new meme coins to add to their portfolios. However, pinpointing profitable meme tokens is a difficult task. This analysis curates such a list, including market viability and potential. Best Meme Coins to Invest Today…
join us telegram A channel to stay up to date on breaking news coverage Floki has been around since the last bull market. Analysts believe it has the potential to become one of the biggest meme coins, as its ecosystem expands beyond just memes. Additionally, another project with similar features is expected to be launched soon to replicate Floki’s success and potentially reach a market capitalization in the billions and billions of dollars. FLOKI Price Analysis Floki is continuing its hot streak, rising 33.71% in the past month and 4.70% last week. After a solid day with an 8% gain,…
Ethereum Foundation researcher Dankrad Feist revealed Monday that he has become an advisor to EigenLayer under the same terms as fellow Ethereum researcher Justin Drake at X. Disclosed his advisory role On sunday.Neither Feist nor Drake specified the exact timeline of their advisory roles at EigenLayer.“I do not represent the Ethereum Foundation, but I take this position personally, with a focus on risk and diversification.” Feist wrote From his X post. “I therefore fully expect to have opposing views on Eigenlayer.”Feist added that he would receive a “significant amount” of Eigen tokens from the position, but that would not influence…
A 23-year-old man has been arrested in New York and charged with owning, operating and profiting from a $100 million dark web drug market after authorities claimed to have tracked cryptocurrency transfers that revealed his real identity.Rui-Siang Lin, known online as “Pharoah,” was arrested at New York’s John F. Kennedy Airport on May 18 and appeared in federal court on Monday, May 20, the U.S. Attorney’s Office in Manhattan said in a statement. It was revealed through .”Lin Louisiang is believed to have operated ‘Secret Market’, one of the largest online drug sales platforms, for nearly four years, conducting illegal…