The cryptocurrency market continues to experience a downturn. However, recent whale activity has sparked a flicker of hope for Ripple’s native token, XRP. On Tuesday, a significant investor commonly referred to as a whale acquired 23 million XRP, sparking renewed interest in the embattled token. Whale movements: a sign of changing tides? The purchase was confirmed by Whale Alert, a platform that tracks large-scale cryptocurrency transactions. The tokens were launched in a Binance exchange wallet and the recipient address was not disclosed. However, the fact that the recipient was a Binance user suggests the potential for further trading activity. Some…
Author: Crypto Flexs
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Binance, a leading cryptocurrency exchange, has introduced a new promotion that allows users to participate in airdrop rewards by subscribing to SOL or BNB locked products or staking ETH. The purpose of the promotion is to provide users with additional incentives and benefits when participating in these investment options. During the promotion period, which runs from April 30, 2024 to May 13, 2024, users who select and meet the subscription requirements can share a total of 7,777 ACE as airdrop rewards. Rewards will be distributed to the top 500 users based on net eligible subscription…
ETH DEV would like to thank everyone who participated in the Olympic Test Network, which was very helpful in stress testing, optimizing, finding bugs in the Ethereum client, and determining what the limitations of the current Ethereum system are. To that end, we are pleased to announce the Olympic Reward recipients. In addition to the rewards announced below, any miner who mines a block on the Olympic Chain with a block number in the range (310000, 589999) will receive 0.5 ETH per block, and any miner who mines a block on the Olympic Chain will also receive the following rewards:…
With over 20 million request transactions completed for thousands of smart contracts across many blockchains, the Chainlink Verible Random Function (VRF) is the most widely used random number generator (RNG) in Web3. Through continuous upgrades and improvements, Chainlink VRF achieves an ultimate latency of approximately 2 seconds, allowing for a number of innovative use cases that require quick responses. In many blockchain use cases, including gaming, NFTs, and art, randomness is important to create fair outcomes and experiences. However, it is difficult to guarantee that the source of randomness is secure. This is especially true in deterministic systems such as…
EigenLayer, a pioneering re-staking protocol, has garnered significant interest in the crypto community. However, there have been concerns and criticisms about the details of the stakedrop that will be performed on the native cryptocurrency. Let’s take a closer look at the details of its deployment, as well as the objections and possible consequences associated with EigenLayer. EIGEN Token Airdrop Distribution EigenLayer has launched native tokens with a total value of $1.67 billion to promote ecosystem development. A total of 45% of these tokens were used for the Eigen Foundation’s community-related efforts. These efforts included stake…
Bitcoin (BTC) attempted to maintain its gains on April 30 as Hong Kong’s institutional landmark gained momentum. BTC/USD 1-hour chart. Source: TradingViewHong Kong ETF Provides BTC Price ReliefData from Cointelegraph Markets Pro and TradingView showed a local high of $64,714 on Bitstamp after the daily close.This coincided with the launch of a new spot Bitcoin exchange-traded fund (ETF) in Hong Kong. This is an important moment for the Asian industry, which has few conditions to promote Bitcoin as a mainstream asset.“Despite structural flows being dwarfed by U.S. ETFs (of course the world’s largest economy), this shows a dramatic shift in…
index The announcement also confirmed that the DEX will introduce trading of tokenized real assets such as stocks, ETFs and commodities, giving traders a more diverse portfolio. In an announcement this week, Jellyverse, a comprehensive DeFi ecosystem, announced the launch of JellySwap, a decentralized exchange. The DEX will launch concurrently with the mainnet launch of Sei Network, an official fork of the Balancer protocol, bringing real-world assets (RWA) into the wider DeFi ecosystem. According to the statement, JellySwap will leverage Balancer’s high-throughput architecture to provide users with a comprehensive trading ecosystem. The exchange allows users to trade in a variety…
Solana’s top dog coins, Bonk and Dogwifhat, have a market capitalization of $4.2 billion. Dogwifhat’s $5 price target remains in place as long as WIF retraces 45% from its highs. Bonk gains 16% weekly as on-chain data suggests deep BONK liquidity. Solana’s popular dog coins, Dogwifhat (WIF) and Bonk (BONK), were trading sideways for most of April. However, the change in BONK’s price trend occurred two weeks ago, with the dog-themed coin soaring 46.9% in the past 14 days.This has pushed BONK to half a new all-time high, but the cartoon dog-shaped cryptocurrency faces significant competition from Solana (SOL) and…
Spot Bitcoin Exchange Traded Fund (ETF) was officially listed in Hong Kong with the opening of the stock market. Formula: Spot #Bitcoin ETF trading begins in Hong Kong 🇭instagram pic.twitter.com/yI8HsqRECf— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024 The approval, eagerly awaited for months, signals a new era for the Bitcoin industry in the region. Major asset managers are gearing up for the event after the Hong Kong Securities and Futures Commission approved three spot Bitcoin ETF applications earlier this month. China Asset Management, Harvest Global Investments, Bosera International, and HashKey were all among the asset managers that received regulatory approval to…
After unlocking the token’s transferability, the price of the safety token plummeted 42%, from $3.26 on the day of unlocking to $1.88 on April 30. Safe’s token contract was released on April 23rd. activate Holders transfer their tokens. The token has been locked for two years after the project’s Decentralized Autonomous Organization (DAO) decided to implement locking in 2022.This follows SafeDAO’s vote on the token transfer proposal where 99.1% of participants voted to ratify the proposal. A Safe spokesperson told Cointelegraph that the DAO delayed the token launch to “allow for gradual decentralization.” The DAO worked together to create a…