The latest price moves in bitcoin (BTC) and crypto markets in context for April 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
There are lots of dynamic NFT examples in the cryptocurrency space, including gaming items that evolve as players progress and digital artworks that are transformed by the actions of collectors, time or even the surrounding environment. One of the first examples of dynamic NFTs was the unique work titled “Crossroad” by Mike Winkelman, also known as Beeple. The NFT was created before the 2020 United States presidential election and was supposed to change its appearance depending on the result. After Joe Biden became president, the image changed to depict former…
Ethereum Layer 2 governance platform Arbitrum Foundation has spoken out following the community FUD from its controversial ARB sale. The Arbitrum Foundation is taking heat for offloading 50 million ARB tokens on-chain without community consent. ARB’s value slumped 11% following the sale, with the Foundation explaining it utilized the proceeds in the DAO’s interest. The Foundation also revealed it loaned 40 million ARB from the total on-chain transfer to a financial markets player. In addition, Arbitrum converted the remaining 10 million ARB tokens to fiat and channeled it toward operational costs. The Ethereum layer…
Decentralized finance (DeFi) protocol PancakeSwap has launched version 3 of its automated market maker platform on BNB Chain and Ethereum, with the upgrade encompassing performance improvements and lower fees. Enhanced capital efficiency is cited as a key aspect of the upgrade, with a change in how liquidity providers can allocate capital on specific price intervals. In the previous version of PancakeSwap, liquidity from providers (LPs) was distributed uniformly along the price curve of trading pairs, which the platform notes was inefficient given that assets typically trade within certain ranges. V3…
V3 brings four different trading fee tiers, 0.01%, 0.05%, 0.25% and 1%, compared with V2’s single level of 0.25%. Source
Cryptocurrency exchange and Web3 technology developer OKX has been active in the space over the last month, with the latest announcement on its first immersive metaverse fan experience as a part of its “OKX Collective.” On April 3, the company revealed a collaboration called “Train Like Dias” with one of its brand ambassadors and footballer from Manchester City, Rúben Días. According to the announcement, fans will be able to virtually experience Días’ favorite training techniques and have exposure to coaching and tips. The experience is open to fans within the…
As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry. The recent bank runs of American banks as recorded in March have fueled a massive pulldown on the liquidity base of Bitcoin (BTC), the world’s largest digital currency by market capitalization. As reported by CoinTelegraph citing data from crypto analytics provider, Kaiko, the drained liquidity in the market has hit a 10-month low despite the bullish price outlook of Bitcoin…
Li Auto claims to have grabbed 20% of the total market for SUVs in the price range of 300,000 yuan ($43,674) to 500,000 yuan. Chinese electric carmaker Li Auto registered a massive surge in sales for the last month of March and thus for the entire Q1 2023. During the month of March, Li Auto delivered a total of 20,823 vehicles. This was more than what rival company Xpeng did during the entire first quarter. Li Auto in Q1 2023 During the first three months of the year, Li Auto…
Worldcoin, a project co-founded by Sam Altman, who is also a co-founder of artificial intelligence (AI) startup Openai, announced the launch of World ID, a digital proof of personhood ID protocol. The protocol allows for an AI-resistant verification of humanness online, using a device called the orb to scan the iris of each person for verification. Worldcoin Launches Iris-Based World ID Humannness Verification System To Counter AI Worldcoin, a cryptocurrency token project that was co-founded by Sam Altman, co-founder of Openai, has launched World ID, an AI-resistant protocol that will…
With Twitter allowing users to verify their accounts for a monthly fee, the number of accounts with a blue checkmark — previously associated with prominent figures — has flooded the social media platform. A browser extension available for Chrome, Firefox and Safari aims to bring back the balance by revealing the accounts that have paid $8 for subscribing to Twitter Blue. Under the direction of Elon Musk, Twitter rolled out the “Twitter Blue” subscription to discourage spam bots and fake accounts on the platform. However, when the service was initially…