Peter Zhang 19 Aug 2024 12:36 Binance has announced that it will support the Frontier (FRONT) token swap and rebrand to Self Chain (SLF), which will impact trading pairs and futures contracts. Leading cryptocurrency exchange Binance has announced support for the Frontier (FRONT) token swap and rebranding to Self Chain (SLF). According to Binance, this significant transition will impact a number of trading pairs and services on the platform.Token Swap DetailsStarting from 03:00 UTC on August 27, 2024, Binance will delist all existing FRONT spot trading pairs, including FRONT/BTC, FRONT/TRY, FRONT/USDC, FRONT/USDT. All pending…
Author: Crypto Flexs
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Ether (ETH) has been trading in a narrow $230 range since August 9, holding solid support at $2,550. However, this is a 20% drop from three weeks ago, when ETH closed above $3,300 in July. While this drop is in line with the broader contraction in cryptocurrency prices, Ether is facing its own unique challenges. Decentralized applications (DApps) on the Ethereum network have seen a significant decline in activity over the past seven days.Spot Ether ETF flows and weak Ethereum network activity limit ETH price gains.Part of the reason Ether has failed to maintain its bullish momentum could be the…
Company • August 19, 2024 5:07 PM EDT Posted 1 minute earlier ~ in Quick take As the Democratic National Convention opens, cryptocurrencies have been removed from the party’s platform. Bitwise Acquires Physical Bitcoin ETP Issuer ETC Group Amid European Expansion Shaquille O’Neal’s Legal Battle Over Astrals NFT Case Partially Dismissed The following is an excerpt from The Block’s newsletter, The Daily, published weekday afternoons. Happy Monday! Today’s Daily features the Democratic Party’s platform missing crypto before the convention, Bitwise acquires crypto ETP issuer ETC Group, Shaquille O’Neal’s NFT lawsuit partially dismissed, and more. Let’s get started. Cryptocurrency disappears from…
Digital asset manager CoinShares said last week that institutional cryptocurrency investors were pouring only a small amount of capital into digital asset investment products. CoinShares said in its latest Digital Asset Fund Flows report that Ethereum (ETH) competitor Solana’s (SOL) institutional crypto investment product saw record outflows last week amid fading interest in Mimecoin. “Solana saw its largest outflow on record, $39 million, as trading volumes in the heavily reliant Mimecoin dropped sharply.” Source: CoinShares According to CoinShares, last week saw a massive drop in trading volumes for institutional investment products due to changing expectations about the Federal Reserve’s next…
Louisa Crawford 19 Aug 2024 13:20 BNB Chain has announced a $1 million gas subsidy program aimed at supporting Web3 startups and developers for three months. BNB Chain has unveiled a new Gas Grants Program that will provide over $1 million in rewards to support Web3 innovation and growth. According to the BNB Chain Blog, the initiative, which will run for three months, aims to support startups and developers to achieve significant business success within the BNB Chain ecosystem. Program Eligibility This program is open to: Decentralized applications (dApp) will be deployed on the…
According to CoinMarketCap, Cardano has dropped out of the top 10 cryptocurrencies by market cap, falling by around 3% over the past seven days.Cardano (ADA), which ranked third in the cryptocurrency rankings during the 2021 bull cycle, is now ranked 11th, behind Tron (TRX). Tron’s current market cap is $12.04 billion, while Cardano’s market cap is $11.89 billion.This isn’t the first time Cardano has fallen out of the top 10. In May, Toncoin overtook ADA after TON surged 30% in two weeks.Top 10 cryptocurrencies by market cap. Source: CoinMarketCapThis comes amid a market-wide correction that has seen most cryptocurrencies drop…
MATIC is currently in a subdued price action in the cycle and is approaching its June 2022 low. MATIC holders will be able to convert their balances into multi-purpose POL tokens in September. Polygon (MATIC) is currently in the process of transitioning to a more advanced decentralized system. Polygon 2.0, released in June 2023, entails a series of upgrades that redefine Polygon’s token economics, protocol architecture, and governance aspects. The upgrade also includes improvements to the network’s consensus mechanism to support anticipated growth and scaling demands. Polygon’s ambition to become a multi-chain solution Polygon 2.0 introduces a new architecture focused…
The Democratic Party’s newly released platform may disappoint left-wing voters who are weighing whether to vote for them in November, but they also want a new vision for how the U.S. government should handle cryptocurrencies.The Democratic Party’s platform does not mention cryptocurrencies once at the party’s convention, which begins Monday. How politicians view cryptocurrencies could be a major issue for many voters in this year’s election.This stands in stark contrast to the Republican platform, which promised to “end the Democrats’ illegal and un-American crackdown on cryptocurrencies” and “defend the right to mine bitcoin.” Republican presidential candidate Donald Trump has made…
According to a blog post from EigenLayer, EigenDA, EigenLayer’s data availability protocol, has reduced its service prices by a factor of 10 and introduced a ‘free tier’. EigenDA is a “data availability layer” that operates on top of EigenLayer’s Ether (ETH) re-staking platform, designed to reduce the cost of storing and accessing on-chain data for Ethereum’s Layer 2 scaling chains. The price drop comes as EigenDA works to onboard more Layer 2s to its platform, which launched in April. According to the blog post, EigenDA’s mission is “to enrich trusted, scalable, and secure data availability (‘DA’).” “In pursuit of this…