London, UK, May 10, 2024, ChainwireKintsu, a leading innovator in the DeFi space, is excited to announce the launch of its highly anticipated testnet on May 13th. This exclusive event invites a select group, including Kintsu OG, to pioneer a new era of liquid staking on the cutting-edge Aleph Zero blockchain.Aleph Zero is a permissionless layer 1 blockchain that combines Proof of Stake (PoS) consensus mechanism and Directed Acyclic Graph (DAG) for scalability, security, and efficiency. Advanced privacy features include zero-knowledge proof (ZK-SNARK) and secure multi-party computation (sMPC) within the Liminal privacy layer.About KintsuKintsu aims to reshape the DeFi landscape…
Author: Crypto Flexs
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One lucky trader is seeing profits of more than 86,000% on his Ethereum (ETH)-based memecoin investment, according to new on-chain data. According to Lookonchain, a blockchain tracking company, one investor said: purchased MAGA (TRUMP), worth $6,500 at the end of last year, is now worth $5.6 million. “Trader ‘waxl.eth’ made 870x profit with TRUMP – from $6,500 to $5.6 million! He spent $6,500 to buy 2.08 million TRUMPs across two wallets and sold 1.24 million TRUMPs for $902,000, leaving him with 832,000 TRUMPs ($4.7 million).” Founded by former US President Donald Trump in August 2023, MAGA Mimcoin currently ranks 234th…
join us telegram A channel to stay up to date on breaking news coverage Solana price has surged 6% in the last 24 hours. Deal for $153.97 As of 3:22 a.m. EST, trading volume was up nearly 1% to $2.2 billion. This follows FTX announcing that it had realized enough funds to repay victims of the exchange’s 2022 decline. FTX had previously proposed making this repayment after selling assets, including a significant portion of SOL. FTX repays creditors in full FTX announced in a court filing that it would repay the $11.2 billion it owes to creditors, as well as…
It’s been a while since we last talked about social finance platform FriendTech in The Block’s Data & Insights newsletter.In other words, the premise of the protocol was that users could purchase keys (previously known as shares) of popular creators. This allowed key holders to get exclusive chat and content from “influencers.” The platform was very novel at launch, and despite its success spawning several clones, it remains the largest SoFi platform by total value to date.FriendTech also got a boost with its release from Base in late summer. While FriendTech has been generating a lot of hype, the network…
Magic Eden has surpassed Blur to become the leading NFT marketplace in terms of trading volume, bringing about major changes in the competitive landscape of digital asset exchanges. This development comes as Blur, previously dominant in the Ethereum-based NFT market, has seen its market share decline.According to DappRadar’s April 2024 Dapp Industry Report, Magic Eden’s trading volume exceeded Blur’s by $108 million. This surge is due to Magic Eden’s strategic expansion into Bitcoin Ordinals and strong rewards program, attracting traders and collectors alike. The platform integration of Bitcoin Ordinals trading, which currently accounts for 70% of total trading volume, highlights…
BNB price is attempting a new rise in the $540 range. The price needs to stabilize above the $600 resistance to gain bullish momentum. BNB price started a new rise after crossing the $565 resistance zone. The price is currently trading above $580 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, there is a major bullish trend line forming around support at $592 (data source from Binance). A breakout of the $602-$610 resistance area could provide bullish momentum. BNB price maintains support BNB price started a new rise after forming a base above…
In light of recent allegations of sexual misconduct, Neel Somani, founder and CEO of Ethereum scaling startup Eclipse, announced that he would resign from his position as the company’s “public face” (1). It is Somani’s intention to defend himself and vindicate his reputation, and he said he does not believe the allegations. This page provides an overview of the incident and the actions Eclipse has taken in response to the claims. Sexual Harassment Allegations and Response Neel Somani has been accused of engaging in sexual harassment on the social networking site X(1). Somani pointed out…
Victoria, Seychelles, May 10, 2024, Chainwire Bitget Wallet, a prominent Web3 wallet and DeFi gateway, has announced two groundbreaking updates to significantly improve the overall user trading experience: Instant Swap mode and a dedicated Solana Priority Fee solution. These additions represent an important milestone in the wallet’s global efforts to provide users with cutting-edge solutions. The first major improvement to Bitget Wallet is the launch of Instant Swap Mode, a powerful addition to the swap functionality. With Instant Swap enabled, users can now enjoy transaction speeds that are more than double that of standard transactions on multiple chains, including Solana,…
ARB’s key indicator presented a buying opportunity on the chart. However, bearish sentiment remained dominant across markets. The Market Value to Realized Value (MVRV) ratio of leading Layer 2 (L2) token Arbitrum (ARB) has triggered a buy signal on the charts. in fact, AMBCrypto discovered that the native token’s MVRV ratio, evaluated against its 30-day and 365-day moving averages, had returned negative values at press time. Source: Santiment The MVRV ratio of an asset tracks the difference between the current market price and the average price of all coins or tokens acquired for that asset. If the value is positive…
SBI VC Trade, a subsidiary of SBI Holdings, has started serving as a validating node for the XRP Ledger (XRPL). As a major player in the Japanese financial sector, this move by SBI highlights its commitment to play a pivotal role in the governance and development of its ledger. SBI Announces Launch of XRP Ledger Validator News of the launch was shared by Emi Yoshikawa, Vice President of Strategic Initiatives at Ripple, in a post on X. Yoshikawa’s announcement highlighted the proactive approach taken by SBI VC Trade in the interests of its customers who are XRP holders. It is…