Arbitrum Expands Orbit Chain Beyond Ethereum
Arbitrum’s DAO proposes expanding Orbit Chain beyond Ethereum to include Bitcoin and Binance Smart Chain, aiming to boost revenue and ecosystem reach. This has 99.8% community support. $ARB #Update
Ripple Invests $10M in Treasury Bond Tokenization
Ripple invests $10M to tokenize US Treasury bonds on the XRP Ledger via OpenEden, enhancing DeFi access for institutions. As of August 1, 2024, $1.93B is locked in tokenized T-bills. #DeFi #Update
Crypto Growth Predicted by Gemini for 2025
Gemini’s report forecasts crypto market growth in 1-2 years, driven by relaxed monetary policies and better regulations. 73% of US crypto owners will consider crypto stances in the 2024 election. Stablecoins, prediction markets may enhance blockchain utility. #Update
Shibarium TVL Soars Amid BONE Transfers
Shibarium TVL jumps 17% to $2.47M as new tech reduces $BONE transfer time to Ethereum from 7 days to 45 minutes. Trading volume up 15%. #CryptoUpdate
Source: https://coingape.com/shibarium-tvl-soars-17-amid-expedited-bone-token-transfers-to-ethereum/
Blockchain Scalability: NEAR vs Ethereum Approaches
Ethereum leverages rollup-centric Layer-2 solutions to enhance scalability, while NEAR Protocol uses sharding for faster transactions and simpler user experiences. Both approaches tackle blockchain scalability differently. #Blockchain #Update $ETH $NEAR
USDT Price Surge in India: Exchange Insights
In India, $USDT trades at a 5-12% premium due to strict regulations, rupee volatility, and high transaction costs, says @CoinSwitchKuber. @NischalShetty of WazirX cites high demand and regulatory challenges. #Crypto #Update
Bitcoin Liquid Staking: Babylon, pSTAKE Partnership
pSTAKE Finance, backed by @BinanceLabs, is launching a Bitcoin liquid staking solution using Babylon’s framework, expanding from Cosmos to enable BTC holders to earn yields without losing liquidity. This integrates Bitcoin into DeFi. #Update #Bitcoin #DeFi
Crypto Scam Tracker Launched Amidst Wisconsin Crime Rise
The Wisconsin DFI has launched a scam tracker to combat rising crypto fraud, detailing deceptive practices based on consumer complaints. Over $3.5M lost from Jan 2022 to Jun 2024. Verify companies before investing. #CryptoFraud #Update
Trending Crypto Listed Binance’s New Announcement
“Binance lists trending cryptos $JTO, $LDO, $STX, $EOS, and $CKB in USDC pairs, sparking market reactions. $JTO surges 4%, $LDO and $STX up 3%. #Update #CryptoNews”
Polygon Launches 1 Billion POL Developer Incentives
.@0xPolygon unveils a $1B Community Treasury with 1B POL tokens to boost developer engagement. Starting June 11, developers can apply for grants up to 50K $MATIC. The initiative includes 35M $MATIC for early-stage projects. #Blockchain #Update
Grayscale Launches Bitcoin Mini Trust ETP
Grayscale Investments launches Bitcoin Mini Trust (BTC) on NYSE Arca with a 0.15% fee, significantly lower than the 0.20% average. Initially seeded with 10% of Bitcoin from GBTC, it aims to make Bitcoin investments more accessible. #Update
Debunking: No Water Shortage Within Two Years
Polkadot stakeholders refute claims of Treasury depletion. The Treasury, funded by token inflation and holding <2% of $DOT supply, supports marketing, DeFi, security, and more. Spending is community-governed. Diversification into stablecoins planned. #Update #CryptoNews #Polkadot
Liquidity Restaking Tokens Surge 8,300% Amid Demand
Liquidity restaking tokens (LRTs) market surges 8,300%, hitting $14B as investors seek efficient financial tools. @Ether_fi leads with 50% market share. Centralized solutions like @LidoFinance staked $33B, raising centralization concerns. #CryptoNews
Ethereum Client Stability Fix Released
"Ethereum’s Nimbus client releases v24.7.0, crucial for beacon API stability and Pectra upgrade. Solo stakers and node operators must update for optimal performance. Enhanced scalability and security on the horizon. $ETH #Update"