Decentralized Exchange dYdX D.Y.D.X. -6.038% It plans to move some of its operations to the Cayman Islands as U.S. regulators turn their attention to decentralized finance (DeFi) protocols. The restructuring plan, approved with more than 90% of the vote in a community referendum on Sunday, will transfer the dYdX Operating Trust (DOT) to dYdX Foundation, a Cayman Islands foundation company. said In the X post. With US securities regulators showing signs of cracking down on DeFi protocols, this move could protect dYdX contributors from legal threats. Although dYdX does not operate in the United States, regulators can and have pushed…
Author: Crypto Flexs
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Marc Boiron, CEO of Polygon, emphasized that Layer 2 networks are not considering developing Layer 3 protocols due to the potential risks to Ethereum security.Boiron made this statement buoyed by the early success of Degen Chain, a layer 3 network running on Coinbase-backed scaling solution Base.Layer 3 protocols build on top of Layer 2 infrastructure to improve scalability, allowing developers to tailor application-specific blockchains to their needs.degen chainDegen Chain is a layer 3 network built using Arbitrum Orbit for DEGEN tokens. The digital asset has quickly emerged as a key community token among users of Farcaster, a rapidly expanding web3…
There is a fascinating rivalry going on in the cryptocurrency space today that has captured the attention of investors and enthusiasts alike: Dogecoin (DOGE) vs. Shiba Inu (SHIB). This contest isn’t just about market capitalization or price spikes. We delve deeper into community engagement, technological advancements, and the sustainability of meme coins in a rapidly evolving market. In this competition, the following new entrants Option 2 Trade (O2T)is reshaping the landscape and challenging the traditional dynamics of meme coin competition through an AI-powered approach. Let’s start our analytical journey with the story of Dogecoin (DOGE) vs. Shiba Inu (SHIB) while…
join us telegram A channel to stay up to date on breaking news coverage Dogwifhat price is up 3% in the last 24 hours and 57% over the past week. Traded for $4.37 As of 2:30 a.m. EST, trading volume was up 3% to $632 million. The surge came after American billionaire cryptocurrency investor Michael Novogratz humorously shared his regrets about not owning the fast-rising Solana WIF. Novogratz shared his thoughts at a conference in Manhattan, expressing concerns about potential regulatory scrutiny surrounding an investment in the Solana meme coin. His comments coincided with WIF’s surge to an all-time high…
Single layer 1 blockchain projects under development in the Bitcoin (BTC) ecosystem are surging in value as the broader cryptocurrency market consolidates. CORE, which aims to leverage Bitcoin’s proof-of-work (POW) system with the characteristics of proof-of-stake (POS) using its own consensus mechanism called satoshi plus, has soared more than 477% in the past. main. Core went from $0.59 on March 23rd to $3.41 at the time of this writing. Widely respected economist Alex Krüger recently called attention to the project and correctly predicted that it would stage a massive rally. Krüger said last month: “There are two types of people…
Base, a prominent layer 2 Ethereum scaling solution, led Uniswap’s activity, setting a new trading volume milestone of $1.21 billion on the decentralized exchange. According to Dune, the underlying layer-2 Ethereum network developed by Coinbase saw trading volume on decentralized exchanges (DEXs) hit an unprecedented high of $1.21 billion on March 30. This is a 25% increase compared to $959.63 million the previous day. Most of this volume was facilitated by Uniswap, one of the leading decentralized exchanges in the cryptocurrency market. This surge in transaction volume signals growing interest in and trust in layer 2 solutions as a viable…
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This blog post provides an update on findings following the discovery of a storage corruption bug last week. In summary, the bug was much less severe than initially thought. The small number of affected contracts we discovered may only be exploitable by the owner, or the exploit may only break the user interface and not the actual contract logic. All of the exploitable contracts/dapps we have reviewed can be modified without upgrading the contract itself. Of course, you should still check the contract for safety. After discovering a storage corruption bug in the Solidity compiler and recognizing that it could…
Dmail Network has partnered with BridgeM, the leading cross-chain bridge connecting the Bitcoin and Inscription ecosystems with Manta. It provides a direct communication link between the project and subscribers through a secure wallet and DID connected to the Dmail app. BridgeM joins the big league of Dmail Subscription Hub with this strategic partnership, a breakthrough in improving cross-chain liquidity. Dmail Network has set a unique standard for blockchain communications with approximately 9 million users and 160 million message transactions. Subscription hubs, shortened to SubHub, are essential for improving user engagement within blockchain communities. BridgeM serves as the perfect gateway between…
Market • April 1, 2024, 11:44 AM EDT Posted 1 minute ago In ~ According to CoinShares analyst James Butterfill, cryptocurrency-based investment vehicles rebounded significantly last week with net inflows of $862 million. Data has been published At X.Last week, funds managed by asset managers including BlackRock, Fidelity and Grayscale reported record outflows of $942 million, CoinShares said at the time.With net inflows increasing last week and the price of Bitcoin rising above $70,000 for most of last week, total assets under management across all cryptocurrency funds tracked by CoinShares reached $97.9 billion. Weekly cryptocurrency asset flows. Image: CoinShares. Capital…