Among those was the decision to use Rust as the primary programming language, along with WebAssembly, also known as WASM, as the instruction format. That’s instead of Solidity, the language used to run the Ethereum Virtual Machine, which is the foundation for running smart contracts on the Ethereum, Avalanche, Celo and Fantom blockchains, and many other networks. Source
Decentralized finance (DeFi) protocol ether.fi has rolled out a liquid staking token that allows users to generate rewards through ether (ETH) staking and automatically restake rewards on EigenLayer. Source eETHEigenLayerEther.FiLiquidrestakedRollsStakingToken CryptoX Portal
Moons (MOON), the native token of Reddit’s r/CryptoCurrency community, is lower by 85% on the news, while Bricks BRICK, distributed as a reward for contributions in the r/Fortnite subreddit, is down 67%. Donut DONUT the token that represents the community points of the r/ethtrader subreddit is off 66%. Source BrickCommunityDonutMoonPlungePointsPricesReportTokenWindown CryptoX Portal
Immutable, an Ethereum layer-2 nonfungible token (NFT) scaling solution, will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024. According to an Oct. 17 announcement by Immutable co-founder Robbie Ferguson, the move is intended to enhance Immutable’s long-term sustainability. “At a minimum, when we finally do decide to let these tokens unlock – they will be done on linear monthly vesting schedule over time, instead of a cliff,” said Ferguson. The blockchain executive also revealed there are over 200…
While critics wrote off much of the initial hype surrounding the tokenized real-world asset (RWA) market, the sector has been on a tear over the past year or so. In fact, Boston Consulting Group expects the tokenization of global illiquid assets to be a $16 trillion industry by the end of the decade. A variety of asset categories are actively being tokenized and garnering investments, with recent data suggesting that the total value of tokenized real-world assets reached an all-time high of $2.75 billion in August. And while the metric…
Last Wednesday, the cryptocurrency went live on several exchanges, including OKX and Coinbase. Since then, its market price has risen by 254% to $0.251, reaching a high of $0.32 at one point on Friday, Coingecko data shows. In the past five days, the total crypto market capitalization has increased just 2% to $1.056 trillion. Source BigTimeGameFiLaunchingTokenWeek CryptoX Portal
ApeCoin (APE) will undergo a token unlock valued at $16.69 million. This development comes amidst the token’s bearish price action, which has led to it losing half its market value in Q3 2023. 15.60 Million ApeCoin (APE) Set To Flood The Market Next Week According to data from TokenUnlocks, ApeCoin’s next token unlock is set to occur on October 17, during which the ApeCoin DAO will release 15.60 million new APE tokens into circulation. This will mark the tenth APE token unlock in 2023, as this event occurs on the…
XRP has struggled to regain bullish price momentum this month, with the crypto going on six days of red candle close last week. The XRP community appears to be feeling the effects of this lack of momentum, as speculations have begun to circulate about a potential catalyst for the next XRP price surge. Word on the street now is that Ripple plans to burn the 41.9 billion XRP tokens they have locked up in escrow. Although this hasn’t been confirmed yet, some say this move could send the value of…
The FTX estate has reportedly staked 5.5 million Solana (SOL), worth $122 million. This development comes amidst fears of the defunct crypto exchange liquidating a substantial portion of its SOL holdings and inducing a bearish trend. FTX Renews Bullish Interest In Solana With Latest Move On October 14, blockchain tracking platform Whale Alert reported that 5.5 million SOL had been transferred between two unknown wallets. Thereafter, a crypto analyst with the X username ashpool soon identified the FTX exchange to be behind this whale transaction. Using data from gelato.sh, ashpool…
BOND Token Soars After BarnBridge Votes to ‘Comply’ With SEC Source