NEAR Protocol ETP Launched by Valour
Valour, a subsidiary of @DeFiTech_, has launched the world’s first ETP for NEAR Protocol ($NEAR), available on Spotlight Stock Market. This move highlights the growing interest in #crypto assets. #Update
Blockchain
Discusses advancements, use cases, and technical aspects of blockchain technology, not limited to financial applications.
Grayscale Unveils AI-Driven Blockchain Fund
Grayscale Investments launched the Grayscale Decentralized AI Fund, focusing on blockchain-based AI projects. The fund holds NEAR and RNDR tokens, making up over 57% of its assets. It’s rebalanced quarterly and targets AI solutions like chatbots and neural networks. #Update #Blockchain #AI
Blockchain Revolutionizes TradFi with RWA Innovations
BlackRock and tradfi giants drive blockchain innovation with asset tokenization. BlackRock’s $BUIDL on Ethereum surpasses $500M, marking a key milestone. Tokenization could hit $5 trillion by 2028, boosting liquidity and investment access. #Update #Blockchain
Cardano Node 9.0.0 Enables Chang Hard Fork
Cardano’s Node 9.0.0 launched, setting the stage for the Chang hard fork and on-chain governance via CIP-1694. This upgrade is crucial for decentralization and includes Delegate Representatives and on-chain voting. Exchanges and stake pools must update for the transition. #Cardano #Update
Degen Chain User Loses 90% Funds in Transaction
A Degen Chain user lost 90% of his assets, worth 785,000 DEGEN, due to slippage from low liquidity during a cross-chain transaction to Base. Full refunds and service improvements announced. #CryptoSafety #DEGEN
Aptos Powers Le Poisson Rouge Ticketing Blockchain
Le Poisson Rouge (@lprnyc) partners with KYD Labs to integrate Aptos blockchain, becoming the first major U.S. venue for on-chain ticketing. This 4-year deal enhances transparency, fan experience, and artist engagement. #Blockchain #Update
Uniswap Labs Launches Multi-Blockchain Wallet Extension
.@Uniswap launches its wallet extension on Chrome, enabling token swaps across 11 blockchains like Ethereum and Polygon. With over 793,000 on the waitlist, it’s a major step in the DEX market. $ETH $MATIC #Update #CryptoNews
Satoshi Protocol Secures $2M for Bitcoin Liquidity
Satoshi Protocol, backed by @CMSHoldings and RockTree Capital, raised $2M to enhance security and integrate Layer-2 solutions. Bitcoin holders can now mint SAT stablecoins as collateral. The move boosts BTC liquidity options. #Bitcoin #CryptoNews
Hackers Steal $8M from LI.FI Cross-Chain Protocol
LI.FI, a decentralized protocol, suffered an $8M hack affecting cross-chain swaps for Jumper. Hackers drained stablecoins and converted some to $ETH. Users with infinite approvals were impacted. #DeFi security remains crucial. #Update
Degen Chain Bridge Error Costs User 90% Funds
? A Degen Chain user lost 90% of 785,000 $DEGEN in a cross-chain transfer due to a slippage issue and poor liquidity in the DEGEN/ETH pool. The platform is refunding users and improving liquidity management. #DeFi #Crypto
ApeCoin Introduces ApeChain Layer-2 Testnet
ApeCoin ($APE) launches the testnet for its layer-2 network, ApeChain, backed by @HorizenLabs and @Arbitrum. ApeChain aims to use APE tokens for gas and governance, with potential $7M annual revenue. #ApeChain #Update
Blockchain Revolutionizes Global Water Management
Blockchain tech can revolutionize water management, enhancing transparency and efficiency. The U.S. needs $625B to update water infrastructure, while leaks waste 900B gallons annually. Blockchain’s immutable ledger ensures accountability and fair distribution. #WaterManagement #Update
Blockchain Solves AI Transparency Challenges
Chris Feng of @Chainbase discussed using blockchain to enhance AI transparency. Blockchain can secure training data and improve decision traceability, addressing transparency but not biases in AI. Companies like @Bittensor are exploring these integrations. #Update #AI #Blockchain
Super NFT Campaign Launched by ELFi Protocol
ELFi Protocol is launching in July 2024, revolutionizing derivatives trading with a decentralized platform. A Super NFT campaign will distribute 200 NFTs to testnet participants, offering exclusive benefits. Raised $5M led by @IDGCapital & @kucoincom. #Update #DeFi #CryptoNews