bhattji (@bhattji) • Hey
bhattji (@bhattji) • Hey
Publications
- 🗞 CryptoNews of the Day 🗞
Solana Developers Aim to Address Transaction Failure Bug on April 15: Developers of the Solana blockchain network are planning to implement a fix for an "implementation bug" on April 15.
👉Details: https://coinmarketcap.com/academy/article/solana-developers-aim-to-address-transaction-failure-bug-on-april-15
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https://coinmarketcap.com/alexandria/article/solana-developers-aim-to-address-transaction-failure-bug-on-april-15
- 🗞 CryptoNews of the Day 🗞
BTC Surges Towards $ 72,000, Boosting Crypto Stocks like MicroStrategy: Bitcoin (BTC) is making a strong comeback, surging past $ 71,000 after a month of sideways trading.
👉Details: https://coinmarketcap.com/academy/article/btc-surges-towards-dollar72000-boosting-crypto-stocks-like-microstrategy
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https://coinmarketcap.com/alexandria/article/btc-surges-towards-dollar72000-boosting-crypto-stocks-like-microstrategy
- 🔎 CMC Research 🔎
DePIN Deep Dive - Bridging to the Real World
Decentralized Physical Infrastructure Networks (DePIN) are emerging as a game-changer, ensuring secure and transparent network operation.
As DePIN technology matures, we expect a surge of innovative applications across various industries. DePINs have the potential to democratize infrastructure, building a more inclusive and user-owned future. This report serves as a stepping stone to further exploration and adoption of DePINs, paving the way for a more resilient, collaborative, and empowering infrastructure landscape for all.
CMC dives into DePINs and their impact on traditional infrastructure management, leveraging blockchain, and crypto-incentives for collaborative development.
👉 Details: https://coinmarketcap.com/academy/article/depin-deep-dive-bridging-to-the-real-world
https://coinmarketcap.com/alexandria/article/depin-deep-dive-bridging-to-the-real-world
- 🗞 CryptoNews of the Day 🗞
Parallel Studios Secures $ 35M in Funding for Ethereum NFT Game Parallel and AI-Powered Colony: Parallel Studios, the startup behind the popular Ethereum NFT card-battler game Parallel, has announced a successful funding round.
👉Details: https://coinmarketcap.com/academy/article/parallel-studios-secures-dollar35m-in-funding-for-ethereum-nft-game-parallel-and-ai-powered-colony
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https://coinmarketcap.com/alexandria/article/parallel-studios-secures-dollar35m-in-funding-for-ethereum-nft-game-parallel-and-ai-powered-colony
- 🗞 CryptoNews of the Day 🗞
Sam Bankman-Fried Makes Final Statement Before Going to Prison: Former FTX CEO Sam "SBF" Bankman-Fried has broken his silence after being sentenced to 25 years in federal prison.
👉Details: https://coinmarketcap.com/academy/article/sam-bankman-fried-makes-final-statement-before-going-to-prison
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https://coinmarketcap.com/alexandria/article/sam-bankman-fried-makes-final-statement-before-going-to-prison
- 🗞 CryptoNews of the Day 🗞
Bitkub, Thailand's Largest Crypto Exchange, Sets Sights on 2025 IPO: Bitkub Capital Group Holdings, the leading cryptocurrency exchange in Thailand, has announced plans to go public on the Stock Exchange of Thailand (SET) in 2025.
👉Details: https://coinmarketcap.com/academy/article/bitkub-thailands-largest-crypto-exchange-sets-sights-on-2025-ipo
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https://coinmarketcap.com/alexandria/article/bitkub-thailands-largest-crypto-exchange-sets-sights-on-2025-ipo
- 🗞 CryptoNews of the Day 🗞
Arthur Hayes Defends Memecoins as Valuable Contributors to Blockchain Networks: Arthur Hayes, co-founder of BitMEX, has defended memecoins, cautioning against dismissing them as "stupid" and highlighting their potential value to blockchain networks.
👉Details: https://coinmarketcap.com/academy/article/arthur-hayes-defends-memecoins-as-valuable-contributors-to-blockchain-networks
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https://coinmarketcap.com/alexandria/article/arthur-hayes-defends-memecoins-as-valuable-contributors-to-blockchain-networks
- 🗞 CryptoNews of the Day 🗞
Solareum Telegram Trading App Shuts Down Following $ 523K Exploit, BONKbot Users Affected: Solareum, the Telegram trading app facilitating the buying and selling of Solana-based tokens, has announced its closure following a security breach.
👉Details: https://coinmarketcap.com/academy/article/solareum-telegram-trading-app-shuts-down-following-dollar523k-exploit-bonkbot-users-affected
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https://coinmarketcap.com/alexandria/article/solareum-telegram-trading-app-shuts-down-following-dollar523k-exploit-bonkbot-users-affected
- 🗞 CryptoNews of the Day 🗞
China Launches "Belt and Road Initiative" Blockchain Platform Led by Conflux Network: The Chinese government has introduced a new public blockchain infrastructure platform led by Conflux Network, a multichain blockchain ecosystem under the Conflux Foundation.
👉Details: https://coinmarketcap.com/academy/article/china-launches-belt-and-road-initiative-blockchain-platform-led-by-conflux-network
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https://coinmarketcap.com/alexandria/article/china-launches-belt-and-road-initiative-blockchain-platform-led-by-conflux-network
- 🗞 CryptoNews of the Day 🗞
Coinbase Derivatives Plans To Launch Futures Trading for Dogecoin in Letter to CFTC: Coinbase Derivatives, a popular cryptocurrency exchange, announced its plans to introduce futures trading for Dogecoin, Litecoin and Bitcoin Cash on April 1.
👉Details: https://coinmarketcap.com/academy/article/coinbase-derivatives-plans-to-launch-futures-trading-for-dogecoin-in-letter-to-cftc
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https://coinmarketcap.com/alexandria/article/coinbase-derivatives-plans-to-launch-futures-trading-for-dogecoin-in-letter-to-cftc
- 🗞 CryptoNews of the Day 🗞
Hong Kong’s Traditional Brokerages Keen To Obtain Virtual Asset License: Hong Kong's crypto market is experiencing a surge of interest from established financial institutions, eager to capitalize on the booming demand for digital assets.
👉Details: https://coinmarketcap.com/academy/article/hong-kongs-traditional-brokerages-keen-to-obtain-virtual-asset-license
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https://coinmarketcap.com/alexandria/article/hong-kongs-traditional-brokerages-keen-to-obtain-virtual-asset-license
- 🗞 CryptoNews of the Day 🗞
Stablecoin Issuer Circle Will Stop Minting USDC on Tron Network: Circle, the issuer of the popular USD Coin (USDC) stablecoin, announced on February 20 that it will be discontinuing support for USDC on the Tron blockchain.
👉Details: https://coinmarketcap.com/academy/article/stablecoin-issuer-circle-will-stop-minting-usdc-on-tron-network
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https://coinmarketcap.com/alexandria/article/stablecoin-issuer-circle-will-stop-minting-usdc-on-tron-network
- 🔎 #CMCResearch: A deep dive into #USDD, a decentralized stablecoin aiming to offer crypto stability 🔎
Launched by TRON DAO Reserve, USDD is multi-chain, fast, and over-collateralized, promising users a digital currency that's both reliable and widely usable.
Discover how USDD maintains its peg and its future in on-chain finance 💪
👉Details: https://coinmarketcap.com/academy/article/deep-dive-on-usdd-decentralized-usd-stablecoin
https://coinmarketcap.com/alexandria/article/deep-dive-on-usdd-decentralized-usd-stablecoin
- 🗞 CryptoNews of the Day 🗞
StarkNet Airdrops Token Despite Controversies Over Allocation: Starknet, a highly anticipated Ethereum layer-2 solution, launched its STRK token and airdrop on February 20, distributing millions of STRK tokens.
👉Details: https://coinmarketcap.com/academy/article/starknet-airdrops-token-despite-controversies-over-allocation
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https://coinmarketcap.com/alexandria/article/starknet-airdrops-token-despite-controversies-over-allocation
- We are thrilled to announce Galaxis as our new Incubatee of #CMCLabs, CoinMarketCap's Web3 Accelerator Program 🤝🔥
Galaxis is set to revolutionize how we connect, collaborate, and create 🧠
Stay tuned for more updates as we support Galaxis's journey to empower decentralized communities! 🚀
👉 Details: https://coinmarketcap.com/academy/article/cmcs-strategic-incubation-of-galaxis-unveiled-a-new-era-for-blockchain-powered-communities
https://coinmarketcap.com/alexandria/article/cmcs-strategic-incubation-of-galaxis-unveiled-a-new-era-for-blockchain-powered-communities
- 🔎 CMC Research 🔎
January 2024 was an eventful month with the U.S. spot #Bitcoin ETFs approved by SEC, a historic milestone for the crypto industry.🚀
This #CMCReport further delves into the key trends and metrics over 2023, offering in-depth analysis and valuable insights into the top performing tokens, crypto exchanges, DeFi protocols, Layer-1 and Layer-2 networks, NFTs, and more.💪
👉 Details: https://coinmarketcap.com/academy/article/according-to-cmc-crypto-market-analysis-2024
https://coinmarketcap.com/alexandria/article/according-to-cmc-crypto-market-analysis-2024
- 🗞 CryptoNews of the Day 🗞
South Korean Crypto Executives Apprehended for Allegedly Looting $ 828M Worth of Crypto: Three executives at yield platform Haru Invest were arrested by South Korean authorities.
👉Details: https://coinmarketcap.com/academy/article/south-korean-crypto-executives-apprehended-for-allegedly-looting-dollar828m-worth-of-crypto
CoinMarketCap Trackers:
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https://coinmarketcap.com/alexandria/article/south-korean-crypto-executives-apprehended-for-allegedly-looting-dollar828m-worth-of-crypto
- We are pleased to announce that @Galaxisxyz is the latest project to join our #CMCLabs as an incubatee, a part of the CoinMarketCap Web3 Accelerator Program.
Galaxis is poised to transform the paradigms of interaction, cooperation, and innovation within decentralized networks.
Watch this space as we back Galaxis on its mission to fuel decentralized communities! 🔥
Details: <https://coinmarketcap.com/academy/article/cmcs-strategic-incubation-of-galaxis-unveiled-a-new-era-for-blockchain-powered-communities>
https://coinmarketcap.com/alexandria/article/cmcs-strategic-incubation-of-galaxis-unveiled-a-new-era-for-blockchain-powered-communities
- 🗞 CryptoNews of the Day 🗞
3AC Founders-Backed Exchange OPNX To Shut Down Operations by Feb. 14: OPNX, a hybrid bankruptcy claims platform and crypto exchange founded by the co-founders of failed hedge fund Three Arrows Capital (3AC), has announced its official closure.
👉Details: https://coinmarketcap.com/academy/article/3ac-founders-backed-exchange-opnx-to-shut-down-operations-by-feb-14
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https://coinmarketcap.com/alexandria/article/3ac-founders-backed-exchange-opnx-to-shut-down-operations-by-feb-14
- 🗞 CryptoNews of the Day 🗞
India Maintains Controversial Crypto Tax Policy in Election Year: The government's annual budget, presented by Finance Minister Nirmala Sitharaman on Thursday, maintained the controversial tax deducted at source (TDS) policy for crypto transactions.
👉Details: https://coinmarketcap.com/academy/article/india-maintains-controversial-crypto-tax-policy-in-election-year
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https://coinmarketcap.com/alexandria/article/india-maintains-controversial-crypto-tax-policy-in-election-year
- 🗞 CryptoNews of the Day 🗞
Binance Web3 Wallet Launches Bitcoin Inscriptions Marketplace: Binance, the world's largest cryptocurrency exchange, has announced the launch of an in-app Inscriptions Marketplace.
👉Details: https://coinmarketcap.com/academy/article/binance-web3-wallet-launches-bitcoin-inscriptions-marketplace
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https://coinmarketcap.com/alexandria/article/binance-web3-wallet-launches-bitcoin-inscriptions-marketplace
- 🗞 CryptoNews of the Day 🗞
Jupiter Founder Defends JUP Airdrop After Highly Anticipated Launch Saw Backlash: Meow, the pseudonymous founder of Solana DEX aggregator Jupiter, has responded to criticisms of the project's massive JUP airdrop.
👉Details: https://coinmarketcap.com/academy/article/jupiter-founder-defends-jup-airdrop-after-highly-anticipated-launch-saw-backlash
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https://coinmarketcap.com/alexandria/article/jupiter-founder-defends-jup-airdrop-after-highly-anticipated-launch-saw-backlash
- https://twitter.com/KamalBh28920895/status/1738535004039495981?s=20
@lens/phaver & Mocaverse
https://twitter.com/KamalBh28920895/status/1738535004039495981?s=20
- 🗞 CryptoNews of the Day 🗞
Sam Altman’s Involvement in Worldcoin Remains Firm Despite OpenAI Drama: Sam Altman, the former CEO of OpenAI, is reported to maintain a significant position in the crypto venture Tools for Humanity.
👉Details: https://coinmarketcap.com/academy/article/sam-altmans-involvement-in-worldcoin-remains-firm-despite-openai-drama
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https://coinmarketcap.com/alexandria/article/sam-altmans-involvement-in-worldcoin-remains-firm-despite-openai-drama
- 🗞 CryptoNews of the Day 🗞
Celsius Network To Focus on Bitcoin Mining Following Post-Bankruptcy Restructuring: Crypto lending platform Celsius Network has made changes to its plans after emerging from bankruptcy, focusing solely on Bitcoin.
👉Details: https://coinmarketcap.com/academy/article/celsius-network-to-focus-on-bitcoin-mining-following-post-bankruptcy-restructuring
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https://coinmarketcap.com/alexandria/article/celsius-network-to-focus-on-bitcoin-mining-following-post-bankruptcy-restructuring
- 🗞 CryptoNews of the Day 🗞
Circle Launches Bridged USDC Standard To Allow Developers To Deploy on New Chains: Circle, a prominent issuer of stablecoins, has introduced a new standard to simplify the process of launching its stablecoin, USDC, on different networks.
👉Details: https://coinmarketcap.com/academy/article/circle-launches-bridged-usdc-standard-to-allow-developers-to-deploy-on-new-chains
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https://coinmarketcap.com/alexandria/article/circle-launches-bridged-usdc-standard-to-allow-developers-to-deploy-on-new-chains
- 🗞 CryptoNews of the Day 🗞
BlackRock's Spot Bitcoin ETF Application Still Under SEC Review Amid Approval Rumors: On October 16, Bitcoin price surged to a high of $29.4k, following a tweet from CoinTelegraph that BlackRock's Bitcoin Sport ETF had received approval.
👉Details: https://coinmarketcap.com/academy/article/blackrocks-spot-bitcoin-etf-application-still-under-sec-review-amid-approval-rumors
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https://coinmarketcap.com/alexandria/article/blackrocks-spot-bitcoin-etf-application-still-under-sec-review-amid-approval-rumors
- 🗞 CryptoNews of the Day 🗞
Sam Bankman Fried’s Lawyers: SBF Needs More Adderall To Focus During Trial: In a letter dated October 15, Bankman-Fried's legal team asked a US judge for permission to obtain long-release Adderall to help him concentrate during his ongoing criminal trial.
👉Details: https://coinmarketcap.com/academy/article/sam-bankman-frieds-lawyers-sbf-needs-more-adderall-to-focus-during-trial
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https://coinmarketcap.com/alexandria/article/sam-bankman-frieds-lawyers-sbf-needs-more-adderall-to-focus-during-trial
- 🗞 CryptoNews of the Day 🗞
South Korean Crypto Exchange Upbit Receives Approval for Major Payment Institution License in Singapore: Upbit, South Korea's largest cryptocurrency exchange by trading volume, reached a crucial milestone on October 16.
👉Details: https://coinmarketcap.com/academy/article/south-korean-crypto-exchange-upbit-receives-approval-for-major-payment-institution-license-in-singapore
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https://coinmarketcap.com/alexandria/article/south-korean-crypto-exchange-upbit-receives-approval-for-major-payment-institution-license-in-singapore
- 🗞 CryptoNews of the Day 🗞
Binance Burns $450M Worth of BNB Tokens in Planned Quarterly Burn: Cryptocurrency exchange Binance announced on Monday that it had conducted a planned token burn, burning more than $450 million worth of its native BNB tokens.
👉Details: https://coinmarketcap.com/academy/article/binance-burns-dollar450m-worth-of-bnb-tokens-in-planned-quarterly-burn
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https://coinmarketcap.com/alexandria/article/binance-burns-dollar450m-worth-of-bnb-tokens-in-planned-quarterly-burn
- 🗞 CryptoNews of the Day 🗞
Solana Foundation Joins Dubai Multi Commodities Centre (DMCC) as an Ecosystem Partner: The Dubai Multi Commodities Centre (DMCC), one of Dubai's economic free zones, has welcomed the Solana Foundation into its ecosystem partner network.
👉Details: https://coinmarketcap.com/academy/article/solana-foundation-joins-dubai-multi-commodities-centre-dmcc-as-an-ecosystem-partner
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https://coinmarketcap.com/alexandria/article/solana-foundation-joins-dubai-multi-commodities-centre-dmcc-as-an-ecosystem-partner
- 🗞 CryptoNews of the Day 🗞
Australia Proposes New Licensing Rules for Crypto Exchanges
: Tougher regulations coming for Australian crypto platforms.
👉Details: https://coinmarketcap.com/academy/article/australia-proposes-new-licensing-rules-for-crypto-exchanges
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https://coinmarketcap.com/alexandria/article/australia-proposes-new-licensing-rules-for-crypto-exchanges
- 🗞 CryptoNews of the Day 🗞
U.S. Government's Bitcoin Holdings Worth $5 Billion, Acquired Through Seizures
: U.S. government's passive acquisition of Bitcoin results in largest state-owned hoard.
👉Details: https://coinmarketcap.com/academy/article/us-governments-bitcoin-holdings-worth-dollar5-billion-acquired-through-seizures
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https://coinmarketcap.com/alexandria/article/us-governments-bitcoin-holdings-worth-dollar5-billion-acquired-through-seizures
- 🗞 CryptoNews of the Day 🗞
Ferrari Will Accept Crypto Payments for Its Luxury Supercars in the U.S.
: In response to rising client demand, Ferrari, the renowned luxury car maker, plans to accept cryptocurrency payments for its premium sports cars.
👉Details: https://coinmarketcap.com/academy/article/ferrari-will-accept-crypto-payments-for-its-luxury-supercars-in-the-us
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https://coinmarketcap.com/alexandria/article/ferrari-will-accept-crypto-payments-for-its-luxury-supercars-in-the-us
- 🗞 CryptoNews of the Day 🗞
Latin America Prefers Centralized Exchanges (CEXs) in Crypto Usage, Report Finds
: According to a recent analysis from blockchain analytics firm Chainalysis, Latin America prefers centralized exchanges (CEXs) over decentralized exchanges (DEXs).
👉Details: https://coinmarketcap.com/academy/article/latin-america-prefers-centralized-exchanges-cexs-in-crypto-usage-report-finds
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https://coinmarketcap.com/alexandria/article/latin-america-prefers-centralized-exchanges-cexs-in-crypto-usage-report-finds
- 🗞 CryptoNews of the Day 🗞
Glassnode: Bitcoin Whales Are Accumulating, Ethereum Whales Selling: Glassnode data shows a striking difference in the behavior of major Bitcoin and Ethereum holdings, indicating divergent views among crypto whales.
👉Details: https://coinmarketcap.com/academy/article/glassnode-bitcoin-whales-are-accumulating-ethereum-whales-selling
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https://coinmarketcap.com/alexandria/article/glassnode-bitcoin-whales-are-accumulating-ethereum-whales-selling
- 🗞 CryptoNews of the Day 🗞
FTX Estate Stakes 5.5 Million Solana Worth $122M: Over 5.5 million Solana (SOL) were sent by an FTX-identified wallet to Figment, a staking validator service catering to institutional investors.
👉Details: https://coinmarketcap.com/academy/article/ftx-estate-stakes-55-million-solana-worth-dollar122m
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https://coinmarketcap.com/alexandria/article/ftx-estate-stakes-55-million-solana-worth-dollar122m
- 🗞 CryptoNews of the Day 🗞
What Happened in Crypto Today? [Oct. 16]: From FTX staking its massive SOL stash to the US goverment holding ~200k BTC, here is a 2-minute breakdown of everything important that happened in crypto today.
👉Details: https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-oct-16
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https://coinmarketcap.com/alexandria/article/what-happened-in-crypto-today-oct-16
- Ethereum User Trends in 2023
Key Takeaways:
- The 'Layer 2, Bridging, and Infrastructure' sector is the fasting growing sector year-to-date (YTD) in 2023 with a 149.28% increase in daily user activity, followed by the 'DeFi' sector with 52% growth, signaling an inclination towards scalability and DeFi solutions.
- Despite the overall growth in most sectors, the 'NFT and Gaming' sector saw a significant decline of 61.4% YTD in 2023.
- A new user's first action on-chain mostly comprises of DeFi counterparties, making up an average of 63% of users' first actions vs Scaling and NFT entities in 2023. This suggests that DeFi remains a dominant entry point for new users in the ecosystem.
Link to the full report: https://research.nansen.ai/articles/ethereum-user-trends-in-2023
https://research.nansen.ai/articles/ethereum-user-trends-in-2023
- 🗞 CryptoNews of the Day 🗞
Elliptic Suggests $477M FTX Hack in 2022 Is Linked to Russian Group: Elliptic, a blockchain analytics and surveillance firm, has proposed that the mysterious hacker behind the $477 million FTX exchange hack in November last year.
👉Details: https://coinmarketcap.com/academy/article/elliptic-suggests-dollar477m-ftx-hack-in-2022-is-linked-to-russian-group
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https://coinmarketcap.com/alexandria/article/elliptic-suggests-dollar477m-ftx-hack-in-2022-is-linked-to-russian-group
- 🗞 CryptoNews of the Day 🗞
Mastercard Completes Trial To Wrap CBDCs on Multiple Blockchains: Mastercard has completed a successful experiment with the Reserve Bank of Australia (RBA) and the country's Digital Finance Cooperative Research Centre CBDC.
👉Details: https://coinmarketcap.com/academy/article/mastercard-completes-trial-to-wrap-cbdcs-on-multiple-blockchains
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https://coinmarketcap.com/alexandria/article/mastercard-completes-trial-to-wrap-cbdcs-on-multiple-blockchains
- 🗞 CryptoNews of the Day 🗞
China Opens Industrial Park in Shenzhen to Boost Digital Yuan Ecosystem: China has inaugurated its first industrial park dedicated to the development of the digital yuan, commonly known as the e-CNY, in Shenzhen's Luohu area.
👉Details: https://coinmarketcap.com/academy/article/china-opens-industrial-park-in-shenzhen-to-boost-digital-yuan-ecosystem
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https://coinmarketcap.com/alexandria/article/china-opens-industrial-park-in-shenzhen-to-boost-digital-yuan-ecosystem
- 🗞 CryptoNews of the Day 🗞
Bitcoin Dips Following CPI Report as Inflation Remains at 3.7%: Following the release of the latest U.S. Consumer Price Index (CPI) report, which indicated a slowdown in inflation, Bitcoin and the wider crypto market experienced a dip.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-dips-following-cpi-report-as-inflation-remains-at-37percent
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https://coinmarketcap.com/alexandria/article/bitcoin-dips-following-cpi-report-as-inflation-remains-at-37percent
- 🗞 CryptoNews of the Day 🗞
CFTC and FTC Charge Former Voyager CEO Stephen Ehrlich: The Commodities and Futures Trading Commission (CFTC) has sued Stephen Ehrlich, the former CEO of the bankrupt crypto lender Voyager Digital.
👉Details: https://coinmarketcap.com/academy/article/cftc-and-ftc-charge-former-voyager-ceo-stephen-ehrlich
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https://coinmarketcap.com/alexandria/article/cftc-and-ftc-charge-former-voyager-ceo-stephen-ehrlich
- #CMCResearch: #Crypto Market Overview in Q3, 2023 🔎
The total crypto market cap at the end Q3 is at null.07 trillion USD, representing a drop of 8.56% in Q3, but is still up 34.95% YTD. A few factors have led the market growth this quarter: In Q3 2023, the crypto market witnessed significant growth narratives compared to Q2.
In this report we dissect Q3’s market condition:
🔹 #Bitcoin & #Ethereum Key Events
🔹 Exclusive CMC Stats
🔹 Key themes in Q3 2023
🔹 Global Crypto Demographic Insight
👉Details: https://coinmarketcap.com/academy/article/according-to-cmc-crypto-market-analysis-q3-2023
https://coinmarketcap.com/alexandria/article/according-to-cmc-crypto-market-analysis-q3-2023
- 🗞 CryptoNews of the Day 🗞
WOO Network To Buy Back All Tokens and Equity Acquired by Three Arrows Capital: WOO Network, a cryptocurrency exchange, has reached an agreement to repurchase shares and tokens previously acquired by bankrupt hedge firm Three Arrows Capital (3AC).
👉Details: https://coinmarketcap.com/academy/article/woo-network-to-buy-back-all-tokens-and-equity-acquired-by-three-arrows-capital
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https://coinmarketcap.com/alexandria/article/woo-network-to-buy-back-all-tokens-and-equity-acquired-by-three-arrows-capital
- 🗞 CryptoNews of the Day 🗞
JPMorgan's Onyx Completes Successful Cross-Border Payments Pilot with First Abu Dhabi Bank: Onyx Coin Systems, JPMorgan's blockchain-based payment system, has reached another milestone in the Middle East with the completion of a successful pilot project.
👉Details: https://coinmarketcap.com/academy/article/jpmorgans-onyx-completes-successful-cross-border-payments-pilot-with-first-abu-dhabi-bank
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https://coinmarketcap.com/alexandria/article/jpmorgans-onyx-completes-successful-cross-border-payments-pilot-with-first-abu-dhabi-bank
- Silo Finance: Tackling Contagion Risk in DeFi Lending
Key Takeaways:
- Silo Finance is a DeFi lending market on Ethereum and Arbitrum. Since the start of September, TVL on the platform is up 94% as they enabled crvUSD to be the universal accepted collateral across all their markets.
- SILO is up 102.5% YTD in 2023 and has a few key catalysts coming up including Arbitrum’s STIP proposal which will allocation 1m ARB to their markets on Arbitrum and Silo v2 in the coming months.
Link to the full report: https://research.nansen.ai/articles/silo-finance-tackling-contagion-risk-in-de-fi-lending
https://research.nansen.ai/articles/silo-finance-tackling-contagion-risk-in-de-fi-lending
- 🗞 CryptoNews of the Day 🗞
Ethereum Gas Fees Plummets to Yearly Lows Amid Decrease in Activity: According to Etherscan data, Ethereum (ETH) gas fees have dropped to their lowest level since October 2022.
👉Details: https://coinmarketcap.com/academy/article/ethereum-gas-fees-plummets-to-yearly-lows-amid-decrease-in-activity
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https://coinmarketcap.com/alexandria/article/ethereum-gas-fees-plummets-to-yearly-lows-amid-decrease-in-activity
- 🗞 CryptoNews of the Day 🗞
Tangible's USDR Token Depegs by 50% as DAI Redemptions Expose Liquidity Issue: Tangible, a project which claims to offer the “first stablecoin backed by tokenized, yield-generating real estate,” experienced a significant crash in its Real USD (USDR) stablecoin.
👉Details: https://coinmarketcap.com/academy/article/tangibles-usdr-token-depegs-by-50percent-as-dai-redemptions-expose-liquidity-issue
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https://coinmarketcap.com/alexandria/article/tangibles-usdr-token-depegs-by-50percent-as-dai-redemptions-expose-liquidity-issue