The stablecoin issuer First Digital Labs has announced its intention to debut its dollar-pegged token FDUSD on the Sui network. This collaboration is described as a “strategic alliance aimed at enhancing liquidity and efficiency of transactions.” FDUSD to Integrate With Sui Blockchain First Digital Labs, the issuer and asset manager of the fourth-biggest stablecoin in […] Source CryptoX Portal
April 11: DLC.Link, describing itself as the “self-wrapping trustless bridge to DeFi,” announced the release of dlcBTC, “a safer wrapped Bitcoin alternative, built utilizing discreet log contracts (DLCs).” According to the team: “DLC.Link created a trustless bridge between Bitcoin and Ethereum, transforming Bitcoin’s role in DeFi. DlcBTC represents a significant advancement in this transformation, allowing users to seamlessly utilize bitcoin across the Ethereum ecosystem while retaining full ownership of their assets. The newly launched dlcBTC enables depositors to engage in trading, lending and hedging while maintaining self-sovereignty.” Original
Boston, United States, April 11th, 2024, Chainwire Leading Web3 gaming ecosystem teaming up with globally recognized toy company, renowned for bringing beloved game characters to life. Planet Mojo, a leading web3 gaming ecosystem, and WowWee, an award winning global toy company with such hits as Fingerlings and Robosapien, today announced a collaboration to create toys and products around Planet Mojo’s IP, characters and lore. The toys will bring the physical and virtual worlds together by connecting the real world toys with Planet Mojo’s in-game Digital Collectibles (NFTs). At its heart,…
The latest price moves in bitcoin (BTC) and crypto markets in context for April 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be hitting a snag. Industry leaders are voicing growing concerns about the likelihood of securing regulatory approval from the Securities and Exchange Commission (SEC), with a deafening silence from the agency fueling anxieties. Jan van Eck, CEO of investment firm VanEck, recently cast a shadow of doubt on the possibility of SEC approval for spot Ether ETFs in May. In a CNBC interview, van Eck expressed his belief that their application would likely be rejected, citing…
According to Framework Ventures, Most DePIN projects, including Helium, have historically taken a retail-focused approach to initial distribution of the network and hardware. Helium is arguably one of the largest and first DePIN projects, with a market capitalization of almost $1 billion. Source
Analysts at CryptoQuant found that Bitcoin demand from “permanent holders” has outpaced BTC issuance for the first time in history, adding fuel for the potential price rally. Bitcoin‘s demand from long-term holders has surged past issuance levels for the first time in the cryptocurrency’s history, according to a recent research report from CryptoQuant. The cohort of long-term holders is now adding around 200,000 BTCs per month, analysts say, adding that the figure is far exceeding the monthly issuance of approximately 28,000 BTC. Bitcoin issuance | Source: CryptoQuant Analysts at CryptoQuant…
The Bitcoin Halving is almost here, bringing about the most significant event in the Cryptocurrency market ever. Each event has had a dramatic impact on supply, demand, and price appreciation post-halving. But with Bitcoin price already setting a new all-time high before the halving for the first time ever, how might this change post-halving performance? Let’s take a closer look. What is the Bitcoin Halving? The Bitcoin Halving is a recurring event happening approximately every four years. By design, it is intended to increase the scarcity of BTC and strengthen…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. NuggetRush merges gaming with crypto earning, while XRP reels from a whale’s dump, and FLOKI’s drop hints at rebound potential, stirring investor interest. NuggetRush (NUGX) is a leading digital platform that merges the gaming industry with the dynamic realm of crypto. On the other hand, investors are seeking alternative investments to shield themselves from the massive drops recorded by XRP and FLOKI (FLOKI). Here are the reasons why XRP…
While Dubai’s regulatory rules were broadly welcomed, some firms worried about the expense. Source