Author: Crypto Flexs

Mantle, Ethereum’s layer 2 platform, has launched Mantle LSP, a liquid staking protocol. It is competing fiercely for third place in liquidity staking volume, establishing itself as one of the best providers, challenging rivals Lido and Rocket Pool. This Monday, Ethereum’s layer 2 platform Mantle announced the launch of Mantle LSP, a “permissionless, non-custodial ETH liquid staking protocol.” This is the second core product in the Mantle ecosystem, following the main Mantle network launched in July 2022. Mantle LSP allows platform users to stake ETH in exchange for $mETH tokens. According to the company, users can also earn money using…

Bitcoin perpetual futures open interest on the Deribit derivatives exchange has reached a yearly high of $740 million. This is a level not seen since November 2021, when Bitcoin surpassed its all-time high of $68,000.Increasing open interest means new funds are entering the market, indicating increased participation and potential liquidity. Deribit chart shows Bitcoin perpetual open interest at yearly highs.CME Bitcoin Futures Premium IncreaseJustin d’Anethan, Keyrock’s head of business development for APAC, suggested that the existing premium on the CME Bitcoin futures contract is another indicator of increased institutional participation.“You’re bound to see a healthy futures premium in the CME…

Bitcoin (BTC)-related investment products have become a “major beneficiary” of recent investor interest in cryptocurrencies amid growing expectations of the approval of a spot Bitcoin ETF in the United States. According to a December 4 report from CoinShares, a total of $1.76 billion in investor funds flowed into cryptocurrency products over a 10-week period, the largest inflow for that period since October 2021 when Bitcoin futures were launched. occupied. James Butterfill, Director of Research. Record the inflow! Total inflows over the past 10 weeks totaled $1.76 billion, the highest since the launch of the US futures-based ETF in October 2021.Week…

Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACEpress releaseWhen you see a video ad on social media, how much detail do you actually look at?Most of us use a magnifying glass…

December 4th Bitfinex Alpha | Bitcoin is surging and the underlying economy also looks solid. Post time: 13:36h On Bitfinex Alpha Maria Lobusova This week on Bitfinex AlphaWe look at how Bitcoin hit a year-to-date high above $42,000 on December 4 and recorded its strongest monthly close since March 2022. We believe this surge is due to the culmination of a variety of factors, including notable changes in futures dynamics. A market compared to the spot market.In our cumulative volume delta analysis, we see an increase in leverage, which is generally a signal to pay attention, but at the same…

Despite rebranding as Parallel Finance to focus more on the decentralized finance (DeFi) ecosystem, non-fungible token (NFT) lending protocol ParaSpace will continue to focus on its core product even amid the industry downturn.Yubo Ruan, founder and CEO of ParaSpace (now Parallel Finance), explains in a conversation with Cointelegraph that the protocol uses a combination of multiple liquidity pools, dynamic loan-to-value ratios, and price discovery partnerships to mitigate associated risks. Due to high volatility, there are often not enough bidders for the underlying asset.“Despite the market downturn, we believe NFT margin lending is still viable,” Ruan said. “It serves a niche…

Mantle’s Liquid Staking Protocol (LSP) has been launched on the Ethereum blockchain. The launched LSP is a non-custodial liquid staking protocol. The Mantle Liquid Staking Protocol is governed by the Decentralized Autonomous Organization (DAO). Mantle, a decentralized autonomous organization, has introduced a groundbreaking liquid staking protocol to the Ethereum mainnet. This move follows the successful deployment of the Layer 2 network and aims to provide users with new ways to participate in staking within the network. Mantle’s approach addresses concerns about the concentration of staking assets from major providers such as Lido, Coinbase, and Binance and provides an alternative solution…

DevConnectThe week-long Ethereum ecosystem and community gathering concluded its second event in Istanbul. This week, more than 3,500 participants from diverse backgrounds gathered at Devconnect Cowork in Istanbul Congress Center from 13 to 19 November. 70+ in-depth events Organized by an independent team from the Ethereum community. Events were held in various locations across the city and beyond to celebrate the breadth and depth of the Ethereum ecosystem. thank you To everyone who participated in Devconnect! We’re so excited for everyone who was able to join us for an intense week filled with conversations, talks, workshops and real-life connections. I’d…

OKX, the Web3 technology leader, is sponsoring a major event during India Blockchain Week (IBW) scheduled for December at the Sheraton Grand Whitefield, Bangalore. As part of this week-long initiative, OKX will support Polygon Connect and ETH India, in addition to co-hosting both developer mixers. IBW is India’s leading Web3 and blockchain gathering, bringing together industry influencers to represent the latest developments in Web3. Ankit Bhatia, Director of Product (Web3) at OKX, will deliver a keynote address at Polygon Connect. It focuses on OKX’s Web3 solution leveraging the Polygon Chain Development Kit (CDK), with a particular focus on X1, the…

In the ever-evolving world of cryptocurrency, the concept of a “store of value” has gained prominence. A store of value is an asset that can maintain its value over time and provides a hedge against inflation and economic uncertainty. Bitcoin, often referred to as digital gold, has emerged as a pioneering store of value in the cryptocurrency space. But you’re not the only player in the game. Binance Coin (BNB), originally created as a utility token for the Binance exchange, has also shown potential as a store of value. In this article, we will explore and compare the characteristics, strengths,…