Naturally, projects that are unable to compete with larger competitors will try to merge their businesses to remain viable. “The next wave of M&A will likely come from sectors with a high level of fragmentation, such as layer 1 chains, DEXs, DeFi protocols, node operators, and even NFT projects that haven’t broken the top 10,” Aki said. Balogh, co-founder and CEO of DLC.Link
Author: Crypto Flexs
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Cryptocurrency exchange developer Ellipsis Labs has raised $20 million in Series A funding led by venture firm Paradigm. Electric Capital also participated in the round, with additional support from Justin Drake and Mike Neuder of the Ethereum Foundation, Sreeram Kannan of EigenLayer, Anatoly Yakovenko of Solana Labs, and Uri Klarman of bloXroute. Ellipsis Labs will use the funds to continue developing its DeFi technology stack. Ellipsis Labs develops Phoenix, Solana’s on-chain order book decentralized exchange. “Ellipsis Labs started building better on-chain liquidity fundamentals 1.5 years ago.” said On social media platform X, Phoenix combines “the efficiency of order books with…
Renowned cryptocurrency analyst Jelle captured the attention of the Bitcoin (BTC) community with the following bold prediction: target The price is $82,000. In particular, despite recent struggles breaking $66,000, Bitcoin is currently hovering around $67,780, showing its resilience despite short-term declines. Will BTC soon hit $82,000? In an X post uploaded earlier today, cryptocurrency analyst Jelle shared his latest views on Bitcoin. Bitcoin target “remains the same: $82,000”, according to the analyst. It is worth noting that Jelle’s prediction is based on his observation of the formation of a “bullish pennant”, a technical pattern that suggests a potential surge in…
One veteran cryptocurrency trader thinks an Ethereum (ETH) competitor will soon attempt a “turbo send.” Anonymous digital asset analyst known as Bluntz share chart With 253,100 followers on social media platform Source: Bluntz/X NEAR is trading at $6.67 at the time of this writing. The 23rd-largest cryptocurrency asset by market capitalization is up nearly 7% in the last 24 hours. Bluntz also described the trio of Solana (SOL)-based ecosystem altcoins, including oracle solution Pyth Network (PYTH), decentralized finance (DeFi) protocol Jito (JTO), and decentralized exchange (DEX) aggregator Jupiter, as a “holy trinity.” “It’s called. (JUP). The analyst says all three…
DWS, a prominent asset manager with over $900 billion in assets under management, has teamed up with Galaxy Digital Holdings Ltd. to launch the new Xtrackers Exchange-Traded Commodities (ETC), giving investors convenient access to Bitcoin exposure in Germany. I made sure to do so.JUST IN: $932 billion asset manager DWS launches physical product. #Bitcoin ETC in Germany 🇩🇪 pic.twitter.com/e6RvMLidHY— Bitcoin Magazine (@BitcoinMagazine) April 4, 2024 “Since the first Bitcoin transaction in 2009, digital assets have evolved from a niche technological innovation to a globally recognized asset class,” said Manfred Bauer, Global Head of Products at DWS and Member of the…
Xoom, PayPal’s international payments service, allows U.S.-based users to send money abroad using PYUSD, PayPal’s stablecoin. The new option allows you to convert PYUSD to US dollars, allowing you to send money to approximately 160 countries without any fees from Xoom. Users can transfer funds directly to bank accounts, mobile wallets, and international pickup locations, but currency conversion to USD involves a markup. Eligible US customers can now transfer funds by converting PayPal USD to USD on Xoom, PayPal’s international money transfer service. This new option allows eligible U.S. Xoom users to send money to friends and family overseas without…
The cryptocurrency space is filled with stories of successful individuals. millionaires and billionaires by Cryptocurrency Token Trading. This time, it was revealed that another individual made $8.3 million in just 6 days. How did this trader earn $8.3 million? On-chain analytics platform Lookonchain has been released as X (formerly Twitter). post Anonymous cryptocurrency trader Larp von Trier turned 0.1 ETH ($353) into $8.3 million in January 2019. Layer 2 network based. He is said to have made a return of 23,770 times his investment in $KEYCAT. Meme Coin on BaseIt was still trading at a market cap of $2,200. Von…
Binance introduced Saga (SAGA) to Launchpool, allowing users to stake BNB and FDUSD tokens over a four-day farming period, earn rewards, and complete KYC verification. Binance, one of the leading cryptocurrency exchanges, recently introduced SAGA to its Launchpool platform. Saga is L1 launching L1, and Binance is proud to be the first platform to list the token. Saga trading will begin at 14:00 (UTC) on April 9, 2024. With the launch of Saga on Binance Launchpool, users now have the opportunity to earn SAGA tokens by staking their BNB and FDUSD tokens into separate pools. The farming period begins at…
FTX CEO John J. Ray III was paid $1,575 an hour last month for his work overseeing the exchange’s bankruptcy, according to court documents filed Thursday.From March 1 to March 31, Ray worked 231 hours and earned a total of $363,825. Ray’s duties included leading weekly calls and in-person board meetings as well as weekly calls and meetings to manage bankruptcy restructuring efforts, according to Staff Monthly. report.“In addition, Mr. Ray will establish and maintain internal controls, address and manage employee and staff concerns, interact with management in Japan, Europe and other locations around the world, and work with cash,…
The digital currency landscape is bracing for a massive surge that could redefine the trajectory of Ethereum and its fellow altcoins. As market dynamics align, signs of a coming wave are sparking interest across the investment community. As the 2024 bull market begins, expectations for these significant changes have become clear. The imminent impact of such a wave presents an important moment for investors to pay attention to as they navigate the cryptocurrency space. BlastUP Pre-sale: The first launchpad in the Blast ecosystem is now available! BlastUP is the pioneering launchpad for Blast, a cutting-edge layer 2 solution that quickly…