Tag: Launch

Best Crypto to Buy as Kanye West Confirms Meme Coin Launch

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Este artículo también está disponible en español. Anticipation among both crypto enthusiasts and bettors remains high for a potential Kanye West meme coin. If it becomes a reality, which it should now that Kanye himself has confirmed the news, the token would almost certainly be one of the best cryptos to buy. The uproar has been caused by an alleged CoinDesk article, which all but confirmed Kanye’s meme coin ambitions. Rogue $YZY Token Rug Pulls As unfortunate as it is, an unregulated $YZY token started doing the rounds almost immediately…

MegaETH launch could save Ethereum… but at what cost?

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The hype machine building up around Ethereum layer-2 MegaETH claims it’s the answer to Ethereum’s scaling and sentiment problems. Prioritizing speed over decentralization, the new L2 will apparently feel as seamless as using a Web2 app or a centralized exchange, and run an order of magnitude faster than all the other rollups and Solana combined. In short, the aim is to “Make Ethereum Great Again.” Community-designed poster (Cronosis/X) It’d be easy to dismiss this as pure hyperbole, but MegaETH is backed by some of the biggest names in the industry,…

Agglayer Testnet Launch Drives 30% Spike In POL Market Cap

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Este artículo también está disponible en español. In the fourth quarter of 2024, Polygon (formerly MATIC) experienced a significant mixed performance in key metrics, primarily driven by the testnet launch of its interoperability protocol, Agglayer.  This new initiative aims to facilitate cross-chain token transfers and message-passing, enhancing the functionality and integration of various blockchain networks.  Polygon Market Cap Rebounds To $3.8 Billion According to market intelligence firm Messari, by leveraging zero-knowledge (ZK) proofs, Agglayer promises secure communication and asset transfers, positioning itself as an innovative development akin to the introduction…

The Core Foundation and partners launch new institutional Bitcoin yield token

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The Core Foundation in partnership with Maple Finance, BitGo, Copper, Hex Trust has launched a Bitcoin token designed for institutions to earn return from idle BTC. In a press release received by crypto.news, IstBTC has announced a new liquid, yield-bearing Bitcoin (BTC) token specifically designed for institutions to reap back billions of dollars while maintaining security, compliance, and liquidity. Institutions can mint lstBTC by depositing Bitcoin with custodians like BitGo, Copper, or Hex Trust. Unlike other tokens, IstBTC accumulates yield while remaining fully liquid. That way, institutions are able to…

SafeMoon (SFM) to Launch Memecoin on Solana (SOL) After Burning Most of SFM Supply

The SafeMoon team is planning on launching a memecoin on Solana (SOL) on Saturday at 1:00 AM UTC. The team has burned 2.2 trillion SFM tokens across the Ethereum, Polygon and Binance Smart Chain networks, the VGX Foundation told CoinDesk. In total, almost the entirety of the Ethereum and Polygon supplies have been eliminated, as well as roughly 60% of the Binance Smart Chain supply. SFM holders will be given the opportunity to exchange their SFM tokens for the SafeMoon memecoin through the VGX wallet. “We are going to allow the…

Plasma Secures $20 Million to Launch Bitcoin-Based Blockchain for Zero-Fee Stablecoin Transactions

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Plasma, a startup focused on developing a blockchain tailored for stablecoin transactions, has raised $20 million in a Series A funding round led by Framework Ventures, following an earlier $4 million seed round. The investment, which includes participation from notable figures such as Peter Thiel and Tether CEO Paolo Ardoino, aims to enhance Plasma’s capabilities […] Original

Bitcoin L2 Hemi captures $260m TVL ahead of mainnet launch

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While Bitcoin L2s recently witnessed outflows, a new protocol called Hemi amassed more deposits on its private mainnet network. Hemi, a Bitcoin (BTC) layer-2 protocol founded by early blockchain developer Jeff Garzik, has achieved over $260 million in total value locked ahead of its mainnet launch.  BTC L2s function as sidechains connected to Bitcoin’s blockchain. Protocols like Hemi, Core, Bitlayer, and Stacks seek to unlock decentralized finance for BTC through staking and yield generation. Data from the project’s native explorer showed an uptick in deposits, comprising some 2,686 in liquid…

Wazirx to Launch RT Tokens to Compensate Users After $230M Crypto Breach

Nischal Shetty, founder and CEO of Wazirx, India’s largest cryptocurrency exchange, has announced plans to introduce RT tokens equivalent to the total value of assets stolen in the $230 million breach the platform endured. Wazirx Pledges Transparency With RT Tokens According to Shetty, Wazirx intends to distribute recovery tokens in response to the July 2024 […] Source CryptoX Portal

Blackrock to Launch Bitcoin ETP in Europe as Institutions Dive Into Crypto

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Blackrock is seeking to launch a bitcoin ETP in Europe, capitalizing on institutional demand after its U.S. bitcoin ETF amassed nearly $60 billion in assets. Blackrock Eyes Europe for Bitcoin ETP Amid Institutional Crypto Boom Blackrock, the world’s largest asset management firm, is reportedly preparing to introduce a spot bitcoin exchange-traded product (ETP) in Europe, […] Original

CFTC’s Crypto CEO Forum Aims to Shape Future of Digital Asset Markets With Pilot Launch

The Commodity Futures Trading Commission (CFTC) which regulates the U.S. derivatives market said it will hold a CEO Forum with leaders from Coinbase, Ripple, Circle, Crypto.com, and Moonpay to evaluate a digital asset markets pilot program. The announcement was made on Friday and the purpose of the program will be to establish regulatory clarity around […] Source CryptoX Portal