Frax Finance is working with Noble to expand Frax’s products into the Cosmos ecosystem, providing a relatively decentralized alternative to USDC.This collaboration will enable Frax and sFrax tokens to be natively integrated across the Cosmos ecosystem, comprised of over 80 interconnected blockchains, for a variety of applications including decentralized finance and payments. This is in addition to the current Ethereum issuance, bringing the total value to over $1.1 billion.Frax’s initial products for Noble include the Frax token, a decentralized stablecoin combining collateral and algorithmic mechanisms for peg stability, and sFrax, a staking version of Frax aimed at providing yield.Within the…
Author: Crypto Flexs
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Coinbase, a leading cryptocurrency exchange, has released a new report examining redeposit trends in Ethereum. The report, written by analysts David Han and David Duong, explores how re-staking can reshape validator incentives, potentially opening up new opportunities and introducing complex risks. Coinbase analyst explains why re-staking has emerged as a hot topic in the cryptocurrency industry. Ethereum’s transition to Proof of Stake (PoS) has created massive pools of ETH that far exceed network security requirements. However, the introduction of re-staking, particularly through Liquidity Restaking Tokens (LRT), highlights both opportunities and risks for validators and the broader decentralized finance (DeFi) ecosystem.…
VanEck-backed Agora announced the launch of AUSD, a USD-backed stablecoin, following a successful $12 million funding round led by Dragonfly. Agora, started by Nick van Eck, a descendant of Jan van Eck, CEO of renowned investment management firm VanEck, is set to launch a new stablecoin called AUSD. This digital dollar is designed to be pegged to the US dollar, providing a safe and stable cryptocurrency option in the volatile cryptocurrency market. The creation of AUSD is backed by $12 million in seed funding led by Dragonfly, a prominent player in the cryptocurrency investment space. The success of the funding…
Fetch.ai and Rendr showed a high volume of active addresses. Following the recent downtrend, RNDR has accumulated. Santiment’s recent post on AI and trading strategies were also major topics of discussion. Fetch.ai (FET) and Rendr (RNDR) were among the largest tokens in the AI sector by market capitalization. Given the hype around AI despite the market downturn, AMBCrypto decided to take a look at what investors should prepare for in the coming weeks. Fetch.ai demonstrated strong on-chain activity. Source: Santiment The number of active addresses is growing significantly. This was a positive sign and showed increased engagement and demand for…
We are very excited to announce that. Wormhole (W) Now available on Kraken! Funding and Transactions Financing for W is underway and trading will begin on April 3. Go to and add W to your Kraken account. fundingSelect an asset and tap deposit. Deposit W only on Solana. Deposits made using other networks will be lost. Do you have a W and Kraken account? ⤵️ W is tradable on Kraken and Kraken Pro using the following parameters: LegacypairPrice decimal precisionMinimum order sizeMinimum deposit amountfemaleUS Dollar, Euro42three memo: Once liquidity conditions are met, trading will become available through the Kraken app…
Binance has expanded its monitoring tags to include five more tokens: EPX, FOR, UNFI, WAVES, and WNXM, and traders must pass a quiz and agree to the terms and conditions. Binance, the largest cryptocurrency exchange, said it will expand its monitoring tags to include EPX, FOR, UNFI, WAVES, and WNXM starting April 3, 2024. Monitoring tags are designations given to tokens that indicate higher volatility and risk. Comparison with other listed tokens. Tokens tagged with monitoring are regularly reviewed by Binance to ensure they meet the exchange’s stringent listing criteria. This ongoing evaluation evaluates a variety of factors, including the…
Cryptocurrencies continue to challenge traditional finance, and the latest buzz comes from Koala Coin. with that Ticketing Now, with the first phase priced at just $0.014, investors from giants like Cardano (ADA) and Cosmos (ATOM) are flocking to Koala Coin (KLC) to make sure they don’t miss out on what could become the meme coin of the year. The unique charm of Koala Coin (KLC) Koala Coin is on a mission to blend finance and fun to create a world where every transaction is an adventure. Our community-driven approach makes it irresistible, promising not only profits but a journey filled…
Interoperability platform Wormhole allows users to request a token airdrop starting today at 7:30 AM ET.Nearly 400,000 wallets can claim a total of 678,823,000 Wormhole tokens, equivalent to 6.78% of the total 10 billion supply.This is based on a February 6 snapshot of users across the project portal bridge and ecosystem apps across 30 blockchains connected to the wormhole.Of the airdrop allocation, 117 million tokens will go to Wormhole Discord members, select Monad community members, Pyth stakers, and NFT collection holders including Bad Kids, DeGods, Mad Lads, and y00ts registered on the project’s Discord.The tokens are a native ERC20 token…
Bitcoin ended the first quarter of 2024 with a massive gain of 68.50%. Much of the rally was triggered by the launch of a spot Bitcoin exchange-traded fund that saw strong inflows. Bitcoin’s rise boosted sentiment, leading to sharp gains in several altcoins. The question nagging investors is whether the rally will continue or whether a correction is needed. The next major event to watch is Bitcoin’s halving, which is expected to occur in about 18 days. Historical data shows that Bitcoin reached all-time highs 12 to 18 months after the halvings in November 2012, July 2016, and May 2020.…
April 2 Is Liquid Network blending traditional and cryptocurrency markets? Posted at 16:21h education by admin Liquid Network represents a sophisticated layer 2 scaling solution for Bitcoin focused on fast, confidential payments and digital asset issuance. Developed as a sidechain for Bitcoin, Liquid facilitates the transfer of BTC between the underlying Bitcoin blockchain and the Liquid sidechain, maintaining a 1:1 peg that ensures asset verifiability and security. The technology aims to enhance the financial ecosystem by providing a decentralized trust model, eliminating the need for centralized intermediaries, and promoting self-custodial. Liquid’s users span a broad spectrum, including institutional and retail…