As of Wednesday morning, validator “Big Brain Staking” holds over 35% of staked DYM tokens – attracting criticism from DYM holders for its large network influence. Source
Rollup Platform Dymension’s DYM Reaches $5.2B Valuation After Botched Start
Tag: Platform
Chainlink and Solana holders diversifying into streaming platform
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Many regret not investing in Bitcoin (BTC) earlier on. Presently, altcoins, especially DeeStream (DST), are being monitored by Chainlink (LINK) and Solana (SOL) holders. Chainlink is under pressure Chainlink is up 3% in the past day, expanding with falling trading volume. With trading volume down by 30%, it suggests that there has been a shift in market dynamics, possibly hinting at sellers. Solana’s outlook Solana is down by 6%…
Crypto Trading Platform Avantis Opens Perpetual Swaps DEX on Base Network
It seems unlikely that such a crowd would immediately flock to the sort of high-risk leverage trading that Avantis, which offers 75x leverage, says it offers. But plenty did during Avantis’ two-month testnet, which generated over $5 billion in trading from 50,000 wallets, according to a press release. Source
RWA Tokenization Platform Superstate Debuts Tokenized Treasury Fund on Ethereum (ETH)
The USTB token aims to offer an alternative to stablecoins for U.S. institutional investors – venture capital funds, hedge funds, digital asset firms – to park their on-chain cash and earn a yield, Robert Leshner, founder and CEO of Superstate, said in an interview with CoinDesk. Source
8081.io Announces the Prelaunch of its Automated Trading Platform for Cryptocurrency
In a landmark development, 8081.io, a leader in cryptocurrency trading automation, today announced the pre-launch of its state-of-the-art automated trading platform. Armed with advanced AI/ML technology, this platform is meticulously crafted to serve the unique needs of both traditional retail investors and institutional licensed brokers. Poised to lead the upcoming global surge in crypto adoption, 8081.io combines user-friendly design with sophisticated technology. Confronting the trust issues and asset selection uncertainties that have long plagued the crypto industry, 8081.io set out to serve as a beacon of innovation and dependability. This…
Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout
“Because we aggregate and standardize AML information, we can provide a comprehensive view of web3 wallets that meets the standards expected of compliance officers, as well as users seeking a holistic understanding of their digital asset portfolios.,” said Karim Chaib, CEO of Web3Intelligence. Source
Top Crypto Exchange Binance To Roll Out Support for New Altcoin on Launchpool Platform
Top global crypto exchange Binance has announced plans to support another new altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 45th project will be AltLayer (ALT), an open and decentralized protocol for Ethereum (ETH) rollups. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. They’re designed to help with scaling by reducing transaction costs and congestion on the main Ethereum chain. Between January 19th and the 25th, Binance users can stake BNB as well…
Ethereum Staking Platform Kiln Raises $17M for Global Expansion
The round was led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC and LBank. It also included additional contributions from existing investors, the Paris-based firm said. The new round was an extension of Kiln’s $17.6 million Series A announced in November 2022. Source
BTC ETF Frenzy Brings Windfall Volume to Polymarket, a Decentralized Betting Platform
Last month, the platform listed a contract, “Bitcoin ETF approved by Jan 15,” which expired Wednesday, with the SEC greenlighting ETFs. Traders wagered more than $12 million throughout the contract’s lifetime, with some participants buying the “No” side shares as a hedge against potential rejection. Source
Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform
“The problem with today’s major streaming platforms is that large corporations reap the lion’s share of the profits, leaving artists with a small piece of the pie,” Tune.FM said in an emailed announcement shared with CoinDesk. “Tune.FM wants to shake up the current standard by offering artists up to 90% of their streaming revenue.” Source