La demanda para el staking de ether aumentó y dejó tiempos de espera de más de un mes para obtener un rendimiento anualizado de 5% a partir del lunes. Source
Tag: Token
Bitcoin-Based Decentralized Exchange Token Surges 158% in Just Seven Days, Defying Crypto Downtrend
A Bitcoin (BTC)-based decentralized exchange platform (DEX) is skyrocketing despite turbulence within the crypto markets. New data reveals that AlexGo (ALEX), a decentralized trading platform for BRC-20 tokens that is set to launch next week, surged from its seven-day low of $0.0595 on May 6th to a new all-time high of $0.154 just six days later, a 158% increase. The 287th-ranked crypto asset by volume has since retraced and is trading for $0.146 at time of writing. AlexGo, which made its market debut last September, recently reached out to other crypto…
Liquid Staking Platform Agility (AGI) Has Dropped 99% in Token Price, Trading Volume and Total Value Locked
When Ethereum recently completed an upgrade known as Shapella, it was heralded as opening a new era of staking ETH. Up until that point, if you staked ETH to help run the blockchain, you couldn’t get it back. Shapella made it possible to unstake, making it more attractive to pledge ETH in the first place. Source
Crypto Lender MakerDAO Founder Proposes Upgraded Versions of DAI Stablecoin and Governance Token (MKR)
The new governance token will have a larger supply than MKR, with a 1200:1 exchange rate to MKR. It will also give access to Maker’s AI-assisted governance tools, allowing token holders to “easily summarize and verify governance rules and processes, or generate new aligned governance proposals,” the proposal said. Source
BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days – Bitcoin News
Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within five days. Impervious to Market Slump, BRC20 Tokens Defy the Odds Built atop the Bitcoin blockchain, the recently established BRC20 token economy has seen significant growth in the past five days. As of Thursday, May 11, its total market valuation stands at $427 million, representing a 53% increase since May 7. Moreover, there…
BitDAO proposes to replace BIT token in branding revamp
A proposal seeking to apply a “One Brand, One token” principle has been pushed to a vote on BitDAO’s Snapshot and calls for substituting BitDAO’s token (BIT) under a new governance token. Snapshot serves as an off-chain governance voting platform for decentralized autonomous organizations (DAOs) and other blockchain projects. According to proposal BIP-21, the BitDAO ecosystem — governance (BitDAO) and product (Mantle) — will be unified as Mantle. Governance processes and treasury management will remain unchanged, but after community approval, BIT holders will undergo a token-conversion process for the new…
Crypto Hedge Fund Polychain Prepares to Sell ROOK Token on Uniswap, Snubbing Lucrative Arbitrage Trade
In doing so, Polychain, one of the oldest and richest crypto hedge funds, seemingly thumbed its nose at a slightly risky arbitrage trade that could end up paying millions of dollars more. It is forgoing the opportunity to redeem its ROOK tokens via the “rage quit” smart contract, where it could at most yield $8.7 million. That’s because those ROOK tokens give it the right to a guaranteed slice of ROOK’s treasury, plus the possibility of even more upside if other ROOK holders forget to do the same. Source ArbitrageCryptoFundHedgeLucrativePolychainPreparesRookSellSnubbingTokenTradeUniSwap…
PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High – Market Updates Bitcoin News
The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5. Rival Meme Tokens Challenge PEPE’s Dominance as Meme Token’s Value Plummets Despite retaining its position as the third-largest meme token in terms of market capitalization, pepe (PEPE) has been losing value since May 5, when it hit $0.00000431 per unit. Its value has since plummeted…
Long-Term Bitcoin Holders Are Boosting Their Token Stash as BTC Prices Decouple From Nasdaq
Bitcoin crossed above $31,000 on April 14, hitting the highest since June 2022, per CoinDesk data. Since then, the cryptocurrency’s price has dropped by 12% to $27,500, while Nasdaq has risen by over 2% since mid-April. The Nasdaq-to-S&P 500 ratio, which bitcoin has closely followed in the past, has also increased by over 2% during that time period. Source
Aragon’s Token Rallies After Cofounder Luis Cuende Proposes ANT Buybacks to End Activist Investor Crisis
“The Aragon Association’s mandate is to spend its treasury on Aragon’s mission. That mandate also applies for transferring the funds to the DAO. So whichever proposal the AA decides to go with, it will need to be reviewed by the legal team. This is usually slow, painful, and requires a lot of back and forth,” Cuende wrote. Source