Rebecca Moen Aug 23, 2024 02:36 Discover the unique features and applications of the Sui DeFi ecosystem, including lending and borrowing protocols, DEX, and NFT marketplace. Sui Blockchain’s decentralized finance (DeFi) provides a unique and powerful ecosystem for both users and developers. According to The Sui Blog, Sui’s basic primitives enable DeFi applications to solve common challenges such as liquidity bootstrapping through tools like DeepBook.Sui’s DeFiIn many DeFi ecosystems, users face friction points, especially when they are new to Web3. Sui simplifies DeFi activities and makes them user-friendly, as it does not require authorization…
Author: Crypto Flexs
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We round up the weekly news from across Asia, highlighting the most important industry trends. Power struggle with Southeast Asia’s Bitcoin miners Southeast Asia has become a hotbed of Bitcoin mining following China’s massive crackdown in 2021. Authorities across the region are now battling a surge in electricity theft used to fuel these mining activities. Malaysian authorities arrested seven people this week for allegedly mining bitcoin illegally using stolen electricity, according to Malaysian state-run news agency Bernama. Police seized 52 pieces of mining equipment along with electronic devices and several vehicles worth about 250,000 ringgit (US$57,000). But that’s just the…
The curve is formed at the upper time frame. Why are big holders selling ahead of the upcoming alt season? Curve (CRV) recently broke out on the 2-day time frame, signaling a possible price increase. Using the Lux Algo indicator, CRV successfully retested the breakout level and is now targeting a new high. After completing the 5th wave bottom, CRV established support at $0.30 and resistance was found at $0.42. However, it is uncertain whether CRV will reach the short-term high of $0.50. Source: TradingView CRV has also broken out of consolidation at the time of writing, and price action…
Cryptocurrency infrastructure startup Conduit has announced the launch of a marketplace platform that will help rollup teams scale.Conduit creates products that help developers build their own “customizable and robust” rollups and creates layer 2 scaling solutions for networks. Ethereum Ethereum +0.33% . The new Conduit Marketplace offers:“It’s the place to find, buy, and build best-in-class integrations for everything your chain needs,” the Ollup team said in a statement.The company said there were 48 partners registered for the marketplace at launch Thursday. Rollup developers can then seamlessly find, purchase, and integrate tools by organizing the marketplace, Conduit said in a statement.…
Ted Hisokawa 22 Aug 2024 17:23 Startups are advised to hire recruiters from among their first 10 employees to ensure successful scaling and avoid common pitfalls. According to a16z crypto, startups are encouraged to prioritize hiring recruiters from their early staff to ensure successful scaling and avoid common pitfalls. This strategy may seem counterintuitive, but it can provide a significant advantage in the competitive environment for early-stage companies. The Role of Recruiters in Early-Stage Startups Recruiters can save founders a significant amount of time by sourcing, cold outreach, and managing multiple candidates through multiple…
Cryptocurrency prediction market Polymarket has had quite the summer, pouring hundreds of millions of dollars worth of bets into questions related to the 2024 US presidential election. Recent developments seem to be testing Polymarket’s accuracy compared to polling.Over the past few days, former President Donald Trump has again hit a new high on the site to win the White House in November, the first time since Kamala Harris entered the race. He currently has a 53% lead, while Harris has a 47% lead.President Trump overtook Harris earlier this week, and the gap has only widened.But traditional polls show Harris still…
After about 6 months of downtrend, AVAX price seems to be in the early stages of a trend reversal. On August 5, it was trading at a 9-month low of $17.29. In the past two weeks, the altcoin has gained 45%, reversing to $25.25. AVAX’s plunge below $18 followed the same pattern as most altcoins during Bitcoin’s (BTC) correction to $49,500 on August 18, but AVAX has lagged the broader market since peaking at $65 on March 18. Positive news may be partly responsible for the recent rise in AVAX prices. This week, AVAX investors have focused on the Avalanche…
According to an unsealed indictment, Michelle Bond, a partner of former FTX executive Ryan Salame, is accused of violating U.S. campaign finance laws. Former congressional candidate Michelle Bond, who ran unsuccessfully for a seat in the New York House of Representatives in 2022, has been accused of financing her campaign from a cryptocurrency exchange in the Bahamas. According to documents released Aug. 22, Damien Williams, the U.S. attorney for the Southern District of New York, alleged that Bond funneled at least $400,000 in illegal funds to her candidacy through “numerical consulting arrangements.” Bond was already associated with Salameh at the…
After about 6 months of downtrend, AVAX price seems to be in the early stages of a trend reversal. On August 5, it was trading at a 9-month low of $17.29. In the past two weeks, the altcoin has gained 45%, reversing to $25.25. AVAX’s plunge below $18 followed the same pattern as most altcoins during Bitcoin’s (BTC) correction to $49,500 on August 18, but AVAX has lagged the broader market since peaking at $65 on March 18. Positive news may be partly responsible for the recent rise in AVAX prices. This week, AVAX investors have focused on the Avalanche…
The U.S. Securities and Exchange Commission has argued that it has jurisdiction to pursue the case in response to Hex founder Richard Hart’s attempt to dismiss a lawsuit filed against him.The regulator argued that Heart’s motion to dismiss should be denied, according to a document the agency filed in the U.S. District Court for the Eastern District of New York, dated July 8 but made public only Thursday. “Hart ignored the complaint’s well-argued arguments and the applicable law in his motion asking the court to dismiss all claims against him,” SEC attorneys said in the filing. The SEC sued Richard…