Binance Launches USDT Locked Product According to a recent announcement from Binance, the world’s leading cryptocurrency exchange has launched USDT on its Binance Simple Earn locked product. This new investment opportunity offers users a fixed Annual Percentage Rate (APR) of 8.23%. Mechanism of USDT Locked Products USDT-locked products operate on a first-come, first-served subscription basis and are limited to 14 days. The fixed APR remains the same for the entire fixed simple accrual period. Any changes to APR will only apply to new subscriptions and not to existing USDT-locked product subscriptions. The compensation calculation period…
Author: Crypto Flexs
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With a 33% weekly gain, Solana’s BONK has surpassed $2 billion in global market capitalization. Shiba Inu-themed BONK is currently down 29.7% from its March 2024 high. Analysts predict that BONK will move south to shed its overly leveraged positions. Solana’s Bonk (BONK) began its first double-digit bull run in seven days, surpassing the $0.000030 resistance level. With BONK breaking this critical price range on its third attempt, cryptocurrency analysts are now gauging the sustainability of the latest uptrend. “When BONK rises above this level, magic happens.” Cryptocurrency analyst WebTrend Analytics for Crypto analysts note BONK’s confluence resistance in this…
After completing the consolidation phase, BONK hopes to achieve the milestone of $0.0000712. This is interestingly consistent with Bitcoin, which is experiencing an upward rally. However, BONK continues to rise amid expectations of Spot Ether ETF approval. In April, Solana-based cryptocurrency entered a recovery phase. Since then it has not given up and was able to maintain momentum for a potentially higher recovery. The current listing price is $0.00003254, which represents an increase of 4.50% in the last 24 hours. It also reflects an increase of 35.27% in the past 7 days and 56.895% in the past 30 days. It…
index The Ethereum network gave birth to the concept of decentralized finance, or DeFi, which presents itself as a more accessible alternative financial ecosystem that anyone can access for savings, loans, loans, and investments. DeFi has grown into a massive global market worth billions of dollars, and numerous other blockchains, including Solana, Polkadot, Avalanche, and Cardano, have emerged to take on Ethereum, boasting more efficient networks, faster transactions, and more sophisticated smart contracts. ability. However, to date, none of these alternatives have come close to taking away Ethereum’s crown as the best DeFi chain. So can Bitcoin finally do this?…
The Bitcoin Runes protocol has struggled to handle the increasing Bitcoin transaction volume. After launch on April 20, Runes trading dominated Bitcoin blockchain traffic for eight days, mainly over weekends.The launch of Bitcoin Loon coincided with the fourth Bitcoin halving. The resulting hype has led to a surge in trading volume on the Bitcoin (BTC) blockchain. Bitcoin mining revenue surpassed $100 million for the first time, reaching an all-time high with daily revenue of $107.7 million.Users spent $2.4 million in fees to engrave runes and rare satoshis into the first halving blocks. Source: Mempool.spaceTransactions under the Runes protocol accounted for…
With layer 2 developer StarkWare cartridge, We introduce a new scaling framework called ZKThreads to improve the scalability of decentralized applications on Layer 2 Starknet through execution sharding enabled by zero-knowledge proofs.It builds on the fractal scaling vision introduced by StarkWare in 2021.ZKThreads will be used to expand Starknet’s array of “fractal scaling” solutions and will provide an alternative to existing ZK coprocessors that operate in a similar manner, StarkWare told The Block.Therefore, although effective, traditional coprocessors often operate independently, fragmenting liquidity and reducing interoperability between applications. The introduction of ZKThreads aims to address this fragmentation problem by providing a…
In this week’s newsletter, read about Captain Tsubasa’s non-fungible token (NFT) game debuting on the Oasys blockchain and the Korean university launching Metaverse with an LG subsidiary. See how blockchain gaming investments reached nearly $1 billion in April and read about Dolce & Gabbana’s lawsuit over NFTs. In other news, Coffeezilla has cleared up allegations of NFT fraud perpetrated by an artificial intelligence (AI) company. Korean university launches Metaverse with individual student accessLG U+ started the Metaverse experience at Yonsei University. The virtual world recreates the school’s Sinchon campus, complete with explorable landmarks such as the auditorium and library. The…
In a significant development for the recently approved Ethereum ETF in Hong Kong, the ETF product launched by Chinese fund manager ChinaAMC saw a significant increase in net inflows, surpassing HK$5 million (US$640,780) as of noon on Wednesday. The surge is the largest ever inflow, following the previous high of HK$3.77 million on Tuesday. ETF launchInvestors are expecting a similar product to be approved in the U.S. for the market’s second-largest cryptocurrency, which has contributed to increased interest in these ETFs. Hong Kong’s Ethereum ETF breaks trading record According to the South China Morning Post reportOn this day, over 1.28…
OKX, STARL and ANT margin trading pair delisting postponedLeading cryptocurrency exchange OKX has announced the postponement of the delisting of its STARL and ANT margin trading pairs and perpetual futures. The announcement was made on May 23, 2024, and according to OKX’s official announcement, the details are as follows:Acting contentThe STARL/USDT and ANT/USDT pairs were scheduled to be delisted at 7:00 AM UTC on May 27, 2024 and 9:00 AM UTC on May 27, 2024, respectively. However, this delisting has now been postponed. The new delisting time will be announced at a later date.OKX will…
A closely watched analyst says altcoins are likely to spark a new rally while Bitcoin (BTC) decides its next move. Household trader Rekt Capital tells his 470,000 followers on social media platform “Welcome to the Q2 Altcoin Hype Cycle. Altcoin Bottoming Out process is underway.” Source: Rekt Capital/X As of this writing, total altcoin market capitalization has increased to $294 billion, up from $76 billion in November 2022, during the worst bear market. Looking at Bitcoin, Rekt Capital says BTC is potentially forming a bull flag on the monthly chart. As the name suggests, a bull flag is generally considered…