First Mover Asia: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA’s Incoming CEO
Altcoin roundup
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AAVE proposes decentralized stablecoin: The U.S. dollar-pegged algorithmic stablecoin GHO will be minted by users and generate interest yields. It will be native to the Aave ecosystem and available on the Ethereum network initially but is expected to be offered on other Aave-supported blockchains based on future community votes. Read more here.
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Ethereum name service spikes: Ethereum Name Service (ENS) domain registrations spiked this week as a prominent address sold for hundreds of ether (ETH), sparking retail interest. ENS is a decentralized domain name protocol that runs atop the Ethereum network, providing users with easily readable names for their crypto wallets. Read more here.
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XRP leads crypto recovery: XRP rose by more than 5% as major cryptocurrencies recovered over the past 24 hours and broader equity markets strengthened, even with two U.S. Federal Reserve policymakers calling for higher rate increases in the coming months. Read more here.
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Galaxy’s Institutional Ethereum Funds Raise $32M at Launch – From a Select Few
Galaxy Digital’s institutional-grade ether (ETH) funds have raised over $32 million since their February launch, according to documents filed Friday with the U.S. Securities and Exchange Commission. Early returns – for an “onshore” $22 million fund and its Cayman-domiciled $10 million sibling – reveal a small but deep-pocketed clientele participated in the twin funds’ earliest days. Just five total investors have joined the funds since Galaxy unveiled them in late January. The funds debuted as ETH settled in the $1,500 range, well below highs set February when the native asset of the world computer…
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CoinW Enters “Fast Lane” with Consensus 2023 Partnership
As the highly anticipated Consensus 2023 conference, hosted by CoinDesk, got underway on April 26th, CoinW made its presence known as a deep partner of the event. Attendees couldn’t help but notice CoinW’s brand elements prominently displayed throughout the conference, from the sign-in area’s background wall to the escalator and booth. This marks CoinW’s first major exhibition appearance in the United States within the Web3 field, representing a significant milestone in the company’s global strategic expansion. Caption: CoinW and Beosin, the world’s leading blockchain security company, have jointly sponsored the…
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Windmill: Creating a Solid and Safe “Mining Ark” in the Rapidly Changing Crypto World
The crypto world has come to a new age of rapid growth. Bitcoin has became the world’s 6th asset, with its market value surpassing Tesla, according to a report by ResearchAndMarkets. The market scale of the global cryptocurrency market was approximately USD 979.5 million in 2020, and is expected to reach USD 1.4 billion after adjustment in 2027; the compound annual growth from 2020 to 2027 can reach 4.8%. Despite many policy constraints , in terms of the perspectives from governments around the world towards cryptocurrency, the crypto industry has…
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aelfUnion Node Presale – An Exciting Beginning
aelfUnion recently made waves within the industry by announcing its mission to champion and help drive the advancement of the aelf ecosystem. Recognized as a consortium comprising trailblazers, developers, and international enterprises, aelfUnion has emphasized its commitment to fostering consensus and accelerating the trajectory of the aelf blockchain. Today, aelfUnion has launched its node presale, an event expected to run until 10th September. This presale presents a golden opportunity for users keen on taking on a bigger role in leading and governing a rapidly expanding community, and help set…
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Announcement from Hong Kong Digital Cash Exchange (HKDCE)
Dear HKDCE users： HKDCE is proud to announce that we will soon launch the first physical asset-backed cryptocurrency project, Gold Mountain Coin (GMC), on our spot trading market. Schedule: We will officially launch GMC on August 28, 2023, and enable GMC/USDT trading pair. Deposit: Effective upon launch (Supported network: TRC20) Trading: 16:00 August 28, 2023 (HK, UTC+8) Withdrawal: 16:00 August 28, 2023(HK, UTC+8) Smart Contract: TRC20 What is GMC? GMC is a physical asset-backed cryptocurrency project. It is a digital asset token issued…
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AI Store: Leading the New Wave of AI Tool Services
Recently, the first AI tool service company in the Chinese-speaking region has officially announced its establishment, marking the further popularization and application of AI technology in the commercial field. The AI store, with its original products and excellent team members, has attracted much attention and will provide users with various AI tool services, helping individuals and enterprises flourish in the digital age. Originality Leading the New Trend As the country’s first company focused on AI tool services, the AI store upholds the spirit of innovation, bringing a brand-new business experience…
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Comprehensive interpretation of ZT exchange: the value highland of crypto asset trading
Since 2020, due to the impact of the global new crown epidemic, inflation is soared, and people are looking for more investment tools other than savings. More and more users are using BTC-led crypto assets as their preferred targets for asset allocation. It doesn’t matter whether you are exposed to cryptocurrencies now, because, we believe, at some point in the future, you will definitely feel the charm of the power of cryptocurrencies. When you choose a trading platform, you may face many choices, such as Binance, Coinbase, FTX, etc. Today,…
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Origin Dollar compensation plan marks progressing maturation of DeFi space
Traders and developers are trending towards greater DeFi depositor protections in unison NEWS On Friday, decentralized finance (DeFi) stablecoin project Origin Finance announced a plan to compensate users affected by a $7 million November exploit — part of a wider trend from developers, users, and traders that has seen actors across the DeFi space more widely embrace insurance products and other exploit backstops. On November 17th, Origin Dollar announced that its yield-bearing stablecoin project had been the victim of a $7 million flash loan attack. While the attack is just another…
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ArenaMeta — Creating a legend of growth in the quiz entertainment ecosystem
In every era, there will be firm believers, and in every era, there will also be a group of lunatics. They ignore the worldly disputes and only solve the problems of an industry. What is the increase of wealth and what is the legend of wealth? ArenaMeta is a great exploration initiated by a group of top blockchain believers. They look forward to using the dual means of technology and finance to create a sustainable legend of wealth, reshape the development pattern of the gambling entertainment ecosystem, and save the…
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Cobrazilla is available for pre-order and will be available soon
1. Cryptocurrency Fund CME Group’s Bitcoin futures and NYSE’s Bitcoin futures ETF are milestones in the crypto investing area. The SEC Chairman, Gary Gensler has also stated that he prefers to hold Bitcoin futures funds rather than the cryptocurrency itself, let alone many personal investors. Cryptocurrency investment has a high learning cost, because this is an asset with high volatility, and all participants need to be cautious. For those who are very interested in crypto assets but not interested in buying or holding them, there is still an indirect investment…