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Leading DeFi derivatives protocol, SynFutures, crosses $100B
9 hours ago 1 min read

Leading DeFi derivatives protocol, SynFutures, crosses $100 billion in cumulative trading volume on Blast

SynFutures, the decentralized finance (DeFi) derivatives system, has recently surpassed $100 billion in total trading volume on Blast, achieving this milestone in a mere four months. According to Messari, the protocol was one of the first decentralized apps to be launched on Blast. It rapidly became the leading perpetual trading exchange on the network, accounting for 83% of Blast’s volume market share at the end of the first quarter. Since its introduction, SynFutures has consistently maintained its position as the top decentralized derivatives exchange, surpassing competitors in terms of weekly trading volume according to DefiLlama. SynFutures’ expansion can be credited

Bitget Lists Solana-based Memecoin: Watercoin (WATER)
9 hours ago 1 min read

Bitget Lists Solana-based Memecoin: Watercoin (WATER)

Bitget, a crypto exchange and Web3 firm, has added Watercoin ecosystem-based WATER tokens to its PoolX platform. This allows users to possibly earn benefits by staking their tokens for mining. Users can accrue tokens by staking, so avoiding the additional expenses associated with buying newer tokens. PoolX, the staking platform developed by Bitget, has transformed the crypto industry by distributing rewards on an hourly basis according to the amount of crypto that users have staked. PoolX has launched more than 40 projects, such as Ethermail, ArtFi, and ZkSync, since its introduction on April 8. Watercoin is a recently popular memecoin

Chainlink has just unlocked 21 million LINK tokens
10 hours ago 1 min read

Chainlink unlocks $295 million in tokens to Binance

Chainlink has just unlocked 21 million LINK tokens, valued at $295 million, from its non-circulating supply contracts. These tokens were mainly transferred to Binance, which has raised concerns among investors regarding a potential decrease in price. Spot On Chain has stated that this increase in volume could exacerbate Chainlink’s ongoing price fall. Following the unlocking process, a total of 18.25 million LINK tokens, with a market value of $265 million, were transferred to Binance. Additionally, another 2.25 million LINK tokens, valued at $31.3 million, were transmitted to a multisig wallet. Chainlink follows a token unlock plan that gradually releases around

This wealth distribution firm launches free-for-life AI tokens
18 hours ago 1 min read

This wealth distribution firm launches free-for-life AI tokens

BioMatrix.ai, a wealth distribution firm, has introduced Proof of You (PoY) AI Tokens, which are the first-ever AI tokens that are free for life. The program seeks to equalize access to digital assets and actualize Universal Basic Income (UBI) for all individuals, irrespective of their economic standing. The objective of BioMatrix.ai is to remove obstacles for individuals to participate in the digital asset industry by providing PoY AI Tokens at no cost. PoY AI Tokens leverage AI and blockchain technologies to create individualized AI tokens for every user. Users residing in specific countries will be able to obtain the complimentary

Solana launches ZK compression, a new feature that drastically cuts costs
1 day ago 2 mins read

Solana launches ZK compression, a new feature that drastically cuts costs

Solana (SOL) has implemented zero-knowledge (ZK) compression, a tool created by Light Protocol and Helius Lab, to assist developers in reducing expenses associated with token and account creation by compressing their on-chain state. The compression employs zero-knowledge proofs to guarantee the integrity of the data and enables data retrieval using supported RPC providers. Developers can reduce on-chain storage costs by storing just state roots on the blockchain and keeping additional data on Solana’s ledger. Mort Mumtaz, the CEO of Helius, highlighted the significant cost reduction and scalability enhancements achieved through ZK compression. This technology has enabled a 10,000-fold improvement in

iRA Blocks to Democratize Real-World Asset Investment
2 days ago 2 mins read

iRA Blocks to Democratize Real-World Asset Investment

iRA Blocks is a platform that utilizes blockchain technology to democratize access to valuable assets such as real estate, luxury items, and aviation. This strategy divides large assets into smaller, cost-effective parts, enabling a wider spectrum of investors to take part. The platform use smart contracts to automate the administration of assets, including the distribution of dividends and voting rights. This guarantees that fractional owners have the ability to participate in the decision-making process regarding their investments. iRA Blocks enhances liquidity in markets that are typically illiquid, hence streamlining and expediting transactions. The platform utilizes smart contracts to automate several

A leading Turkish crypto exchange suffers a cyber attack
2 days ago 1 min read

A leading Turkish crypto exchange suffers a cyber attack

BtcTurk, a prominent Turkish cryptocurrency exchange, has fallen victim to a cyber attack, resulting in the compromise of certain hot wallets. The assault took place on June 22, causing concern among the cryptocurrency community. The exchange asserts that it had the financial resilience to withstand the event, as only the hot wallets of 10 coins were impacted. The CEO of Binance, Richard Teng, declared a collaborative inquiry with BtcTurk, resulting in the retrieval of $5.3 million in pilfered funds. ZachXBT, an investigator specializing in blockchain transactions, proposed a potential connection between the hackers and the address 0x327a81d0d128db8886d265be73c9fdda97194f30. This address recently

Bybit crypto exchange implements Apple Pay for checkout
2 days ago 1 min read

Bybit exchange implements Apple Pay for checkout

Bybit crypto exchange is implementing Apple Pay as a more secure, private, and reliable payment option for its clientele. Starting from July 1, 2024, at 10AM UTC, users have the option to purchase cryptocurrencies using more than 20 different fiat currencies. During this time, transactions will not be subject to any fees. At checkout, users have the option to choose their favorite cryptocurrency and payment currency, and can select Apple Pay as their payment method. Apple Pay is accessible on iPhone, iPad, and Mac, enabling expedited and convenient transactions without the necessity of account creation or repetitive input of shipping

Bitget Wallet launches TON network integration for dApps
2 days ago 1 min read

Bitget Wallet launches TON network integration for dApps

Bitget Wallet has implemented an extensive support package for the TON network, bolstering its integration with decentralized applications in the TON ecosystem. The TON Connect protocol enables users to establish connections with TON dApps, hence easing the research and interaction with a wide range of apps. The new TON dApp zone showcases prominent TON dApps, such as Telegram Tap2Earn and Open League, with dedicated areas. The implementation of the TON Connect protocol has resulted in a substantial surge in new users, which can be ascribed to the increasing popularity of TON ecosystem games. This advancement is anticipated to allure a

This trader says Bitcoin is at a crucial support level and will crumble
3 days ago 1 min read

This trader says Bitcoin is at a crucial support level and will crumble

The trader, known as the Flow Horse, anticipates that Bitcoin’s crucial support level of $60,000 will crumble prior to a reversal in the prevailing trend. The analyst argues that Bitcoin is displaying several indications indicating that the support level at $60,000 will weaken before the dominant crypto experiences a change in direction. He is rather certain that Bitcoin will once again be traded below $60,000, since extended periods of consolidation and weakness, without any external support and with declining demand, typically result in downward movement before any upward recovery. The Flow Horse holds the belief that Bitcoin and Ethereum are

1inch teams up with Blockaid to enhance Web3 security
3 days ago 1 min read

1inch teams up with Blockaid to enhance Web3 security

1inch, a leading DeFi aggregator, has launched the 1inch Shield, a solution designed to protect users against various potential threats. The partnership with Blockaid, a major provider of Web3 security tools, aims to set a new standard for security in the cryptocurrency landscape by combining Blockaid’s innovative security solutions with 1inch’s advanced features. The collaboration aims to enhance user safety and asset protection, contributing to the growth and mainstream adoption of DeFi. Blockaid acts like an anti-virus for Web3, leveraging superior data and machine learning to identify and protect against malicious attackers. By providing clear information about transaction execution, Blockaid

SoSoValue
3 days ago 1 min read

SoSoValue Raises $4.15M Seed Funding to Lead AI-Driven Crypto Investment

SoSoValue, a cryptocurrency financial research firm based in Singapore, has successfully completed a seed investment round with a total of $4.15 million. HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs were the investors who led the round. Co-founders of Gitcoin and Ethereum, as well as founders of leading Web3 and artificial intelligence technology companies, participated in the round. With over 1.2 million organic registered users within five months of its introduction, SoSoValue is an innovative platform that was developed to provide every investor, from novices to seasoned professionals, with the information they require to make informed investment

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