Binance plans to launch Solana staking service by the end of September. SOL prices reacted minimally amid overall weak market sentiment. BinanceThe world’s largest cryptocurrency exchange has launched a new staking service. Solana (SUN)It is scheduled to debut at the end of September. Recently press releaseBinance will allow users to stake SOL and receive rewards in the form of Binance Staking SOL (BNSOL), a liquid staking token (LST). According to Vishal Sachendran, Regional Markets Director at Binance, the staking service will provide a seamless way to earn rewards. ‘As one of the first cryptocurrency exchanges to offer SOL liquid staking,…
Author: Crypto Flexs
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Felix Pinkston Sep 5, 2024 06:24 BNB Chain has launched a $300,000 TVL#4 incentive program to encourage DeFi growth. Projects can compete in staking and TVL challenges. BNB Chain has announced the launch of the BNB Chain TVL#4 Incentive Program, a new initiative aimed at accelerating the growth of the decentralized finance (DeFi) ecosystem on the platform. According to the BNB Chain Blog, the program features a total prize pool of up to $300,000, incentivizing projects to expand their total locked value (TVL) and participate in staking challenges. Program Structure The TVL#4 incentive program…
Alex Blania, CEO of Tools for Humanity, said in a group interview during the Korea Blockchain Week 2024 event in Seoul on Wednesday: World Coin World +1.89% We are currently focused on mass distributing the iris scanning “sphere” to scale the project and make it more useful.“I think fundamentally, similar to other networks like PayPal or Facebook that have emerged over the past few decades, they only become useful once they get to scale,” Blania said. “So what we care about now is global distribution and the number of users who are verified and using the service.”Worldcoin is It is…
EigenLayer’s developer, Eigen Labs, has deployed a “major update” to its restaking protocol aimed at “making native (Ether) restaking on EigenLayer easier and more rewarding,” according to a September 4 blog post.This upgrade is designed to improve the performance of so-called EigenPods, EigenLayer’s re-staking smart contracts for Ether (ETH) staked on Ethereum’s Beacon Chain, and is designed to give users greater flexibility when harvesting or reinvesting their staking rewards. “EigenPod users can now re-stake beacon chain ETH rewards on top of their existing EigenPod balance by completing a checkpoint,” Eigen Labs said. “Beacon chain rewards are automatically re-staked to EigenLayer,…
Tony Kim Sep 5, 2024 04:28 Hear from Co-Founder Hugo Philion about the decentralized oracle ecosystem and how Flare Network aims to revolutionize it. In a recent episode of the Public Key podcast, Flare Network Co-founder and CEO Hugo Philion shared insights into the decentralized oracle ecosystem and the innovative solutions his company brings to the table. The discussion, moderated by Chainalysis’ Chief Marketing Officer Ian Andrews, delved into Flare Network’s technical architecture and its approach to improving oracle data security and cost efficiency. Oracle Data Security Innovations Filion highlighted the dire need for…
Donald Trump has gained a bigger lead over Kamala Harris in a Polymarket poll as the 2024 US presidential election approaches. Trump’s polymarket odds, which had been roughly flat until mid-August, have jumped several percentage points, with 53% of bettors backing Trump compared to 47% for Harris. The change marks a return for Donald Trump, who had been at a disadvantage after Joe Biden announced he would not run for reelection, but now has a temporary advantage for the vice president. Trump is expanding his lead in the polymarket…Regular interviews and podcasts make a marked difference to Kamala, who refuses…
Aipcoin monkey +2.84% According to one of the founders of leading NFT brand Yuga Labs, they are re-planning their roadmap with a new set of initiatives called BluePrint. Specifically, the Bored Ape Yacht Club-themed project aims to launch a consumer-grade app to attract new users and foster community building on the upcoming ApeChain network, which Yuga Labs officials have confirmed will be “launching soon.”“At ApeChain, we believe that apps are what matter most. That’s why we prioritize great day-one content partners, a robust ecosystem site where you can easily discover the coolest stuff on the chain, and a suite of…
Polygon has taken a major step towards its unified chain vision. During the initial phase of upgrading from MATIC to POL, only limited functionality is available. Developers expect POL to eventually evolve into a “super-productive” token. Last year, Polygon Labs, the developer of the Polygon Network, announced plans to scale Ethereum infinitely via an “aggregate” chain architecture that horizontally connects as many chains as possible on top of its leading Layer 1. As part of this new roadmap, the developers announced several massive changes planned for the network, including upgrading the ecosystem’s native token from MATIC to POL. A year…
Tony Kim Sep 5, 2024 02:15 BitMEX will launch a new POLUSDT perpetual swap contract with up to 10x leverage on September 5, 2024. Leading cryptocurrency derivatives exchange BitMEX announced the listing of a new POLUSDT perpetual contract on September 5, 2024 at 04:00 UTC. According to the BitMEX blog, the new product will allow traders to leverage their positions by up to 10x. POLUSDT Listing Details The POLUSDT perpetual contract will be tradable based on the index components. BitMEX said it will notify traders via site announcements and social channels when the contracts…
Cryptocurrencies can be fun and profitable, but they can also be addictive. Sometimes, they can consume an investor’s life and strain relationships with friends and family. YSM, a Korean college student who spoke to the magazine on condition of anonymity, said his family was having a hard time because of an app called Pi Network. While YSM is skeptical about the legitimacy of the project, his father, who runs a fried chicken restaurant, is convinced that this is the next Bitcoin. “Every time I visit my parents, my dad keeps urging me to install the app and start mining Pi…