Author: Andrei Ionescu
IoTeX, a decentralized physical infrastructure network (DePIN), has partnered with Polygon Labs to integrate its IoTeX 2.0 blockchain with AggLayer, a move aimed at boosting cross-chain communication and liquidity for DePIN projects. The collaboration was announced at the R3al World event in Singapore by IoTeX CEO Raullen Chai and Polygon co-founder Sandeep Nailwal. This integration will enable IoTeX-based projects to distribute rewards and allow users to settle on the chain of their choice. AggLayer’s capabilities will provide enhanced cross-chain support, unlocking liquidity and scaling opportunities for DePIN initiatives. “This integration not only enhances cross-chain capabilities but also unlocks unprecedented liquidity…
BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) recorded its first daily net inflows since August 26, marking a pivotal shift with $15.8 million in inflows on Monday. This ends a three-week period without positive flows, including 11 trading days of zero activity and two days of net outflows on August 29 and September 9. According to CoinGlass, several other spot Bitcoin ETFs also saw gains, including Fidelity’s FBTC, Franklin Templeton’s EZBC, and VanEck’s HODL, which collectively garnered net inflows of $5.1 million, $5 million, and $4.9 million, respectively. Conversely, Grayscale’s GBTC, known for its higher fees, saw a return to…
Binance has issued a public statement addressing misleading claims made by Zettai, the parent company of WazirX, in light of recent events involving a cyber-attack on the WazirX platform. Binance clarified its non-involvement with WazirX’s operations, emphasizing that Zettai and WazirX management must be held accountable for the loss of user funds resulting from the attack. On July 18, 2024, WazirX reported a cyber-attack that compromised a wallet holding user funds. The wallet was controlled by a multisignature process involving five members of the WazirX team and one representative from Liminal, a third-party custody provider. Binance was not involved in…
Binance announced that it will delist a series of margin trading pairs on September 24, 2024, as part of its regular updates to improve the trading experience. The following pairs will be removed from Binance’s margin trading services: Key Dates: Users are advised to manage their positions ahead of the delisting date to avoid disruptions. Binance encourages users to close positions and transfer funds from Margin Wallets to Spot Wallets before the margin trading ceases. Trading of the affected assets will still be available via other pairs on Binance Margin. Binance emphasizes that it will not be liable for any…
In a strategic move to enhance crypto trading capabilities, Exodus Movement (EXOD) has teamed up with Ledger, a leading blockchain hardware manufacturer, to launch a new crypto swap aggregator. The partnership, announced Tuesday, introduces the XO Swap feature, which will be integrated into the Ledger Live application. XO Swap will allow users to swap across thousands of cryptocurrency pairs directly from their self-custody wallets by connecting to third-party exchange APIs. This new feature emphasizes user control and security, distinguishing itself from traditional centralized exchanges by enabling on-chain swaps. “This integration prioritizes user control and security, setting it apart from centralized…
Bitcoin (BTC) mining stocks suffered in the first half of September as the cryptocurrency’s price remained below $60,000, while the network’s hashrate surged, according to a JPMorgan research report released on Monday. The report highlights that Bitcoin’s hashrate a measure of the total computational power used to mine and validate transactions rose by 4% this month, returning to pre-halving levels. The increase in hashrate signals growing competition in the mining industry. However, this rising hashrate is pressuring profitability, with the hashprice, or miners’ daily earnings, falling by 2% month-to-date and now sitting at 50% below pre-halving levels. JPMorgan analysts Reginald…
At the Ethereum Singapore 2024 conference on September 16, Ethereum co-founder Vitalik Buterin emphasized the critical role of solo staking in enhancing the network’s security and decentralization. Solo stakers, who stake Ether (ETH) independently without relying on third-party services or centralized entities, are essential for reducing the reliance on centralized players and protecting Ethereum’s long-term resilience. Strengthening Ethereum Against Centralization Risks In his address, Buterin warned about the risks posed by centralized staking services and large staking pools. He argued that solo stakers act as a crucial defense against potential network attacks, specifically 51% attacks, where a malicious entity gains…
Binance has announced the listing of Neiro (NEIRO), Turbo (TURBO), and Baby Doge Coin (100000BABYDOGE), which will be available for spot trading starting on September 16, 2024, at 10:00 (UTC). The new spot trading pairs are as follows: Users can start depositing NEIRO, TURBO, and 100000BABYDOGE one hour prior to trading. Withdrawals will open on September 17, 2024, at 10:00 (UTC). A Seed Tag will be applied to NEIRO, TURBO, and 100000BABYDOGE. Trading bots and spot copy trading will be enabled for these tokens within 24 hours of the listing. Users can customize their Spot Copy Trading portfolios through the…
Binance Futures has announced the launch of a new trading option, the UXLINKUSDT Perpetual Contract, which will go live on September 15, 2024, at 15:00 UTC. This contract will offer up to 75x leverage, providing traders with an additional high-risk, high-reward tool to enhance their trading strategies. At launch, the maximum funding rate for the UXLINKUSDT contract is set at +2.00% / -2.00%, with funding fees settled every four hours. Binance has stated that it may adjust the contract specifications over time in response to market conditions. These adjustments could include changes to the funding fee, tick size, leverage limits,…
Bitcoin (BTC) order books are indicating a potential bottom in the market, with a bullish reversal on the horizon, according to data from Hyblock Capital. The order books, which reflect buy and sell activity at various price levels, show a significant decline in liquidity, a common pattern observed at market turning points. Market Depth Decline Liquidity both close to and further from the current BTC market price has dried up, suggesting the end of Bitcoin’s recent decline from its late-August highs above $65,000. Market depth, which measures the ability of the market to handle large buy and sell orders without…