While Fantom Foundation is still holding onto its MULTI, Nansen reports that other top holders have been sending Multichain’s governance token to exchanges, including one whale with 494,200 tokens ($2.75 million) as well as digital asset firm Hashkey Capital, whose position was worth $221,000 at the time. Source
On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication. The selloff came after users reported that their multi-chain funds had not arrived due to a backend node upgrade “taking longer than expected.” An admin in the Multichain Discord channel wrote: “Most routes are working as usual, as some routes (Kava, zkSync, Polygon zkEVM) are temporarily suspended. All affected transactions will arrive after the upgrade is complete. We sincerely apologize for the inconvenience…
Searches for the Worldcoin hashtag grew from 0 to almost 20,000 on Weibo – China’s Twitter-like social media site – from earlier in May until a peak on May 21. On WeChat, another popular social media app, searches peaked on May 18, growing 225% from the previous day. Worldcoin and OpenAI founder Sam Altman testified before the U.S. Congress on May 16, which could have stirred up interest in his project. Source
“In a world where there are billions of tokens, there are dozens of different blockchain networks and there are hundreds of different decentralized exchanges scattered across them, figuring out where to go, in order to buy or sell a token and get the best price gets more and more complicated,” added Warren. Aggregation and providing a multichain product like Matcha is “going to become more and more valuable for users over time.” Source
“We’re excited to collaborate with Orionx as we look to expand our presence in Chile and across Latin America,” Paolo Ardoino, CTO at Bitfinex, said in a statement. “This represents a major step forward in our efforts to harness the power of Bitcoin and decentralized technology to promote financial freedom and empower businesses that share our values,” he added. Source
The digital asset platform Bitfinex announced a new partnership with a local exchange in Latin America, as a part of a larger effort to push for wider adoption in the region. On May 24, Bitfinex revealed a new investment in one of Chile’s leading cryptocurrency exchanges OrionX. According to the announcement, the partnership between the two digital asset companies aims to support local education programs, along with financial freedom and inclusion efforts. This comes just over a month after Bitfinex Securities El Salvador was granted an operating license in El…
Dan Berkowitz, a former commissioner of the CFTC and former general counsel at the SEC, hinted that it is possible to categorize Ethereum as both a commodity and a security. As cryptocurrencies grow more popular, there is a rising need for clarity about their legal status, as many people see them differently based on the regulatory provisions within their jurisdiction. In what seems like an addition to the ongoing talks about the regulatory status of Ethereum, Dan Berkovitz, a former commissioner of the Commodities Future Trading Commission (CFTC), said in…
“As blockchain has matured, it’s become clear that one size does not fit all,” he said. “Because AvaCloud-powered blockchains are able to customize validator requirements like KYC and privacy, industries with strict regulations can benefit from blockchain tech. This opens the door for TradFi adoption, HIPAA compliance, government programs and much more.” Source link
Even before the Voltz announcement, companies and investors could already hedge their exposure to SOFR through conventional markets, including Chicago-based CME Group’s exchange. But in announcing its new product, Voltz said it was broadening access to SOFR hedging with its on-chain solution. Source link
Decentralized finance protocol Voltz now allows Avalanche users to trade interest rate swaps of the Secured Overnight Financing Rate (SOFR), a benchmark dollar rate used throughout the global economy. The new feature allows investors to hedge their exposure to interest rate changes and speculators to bet on whether the rate will go up or down, according to a May 24 announcement from Voltz seen by Cointelegraph. SOFR is the interest rate on overnight loans paid by institutions when they use United States Treasury bonds as collateral. It was created to…