Author: NBTC
Trader Joe (JOE), a decentralized trading platform on the Avalanche network, delivers an extensive suite of financial tools, integrating decentralized exchange (DEX) services with decentralized finance (DeFi) loans. This project, centered on community engagement, aims to sustain its competitive advantage in the DeFi sector by leveraging the JOE token for governance and rewards. With innovative features and a phased development strategy, Trader Joe is designed to enhance user experience and lead in DeFi solutions with functionalities such as limit orders and Zap. Contents hide 1 What is Trader Joe (JOE)? 2 What Makes JOE Significant? 3 Concrete Insights for Users…
Bloomberg ETF analyst James Seyffart said he and his colleagues believe spot Ethereum ETFs could launch around July 15 as the application process settles. Seyffart posted the prediction on social media on July 3 but said he has “low confidence in those launch date predictions at this point.” The prediction is related to Bitwise’s amendment to its spot Ethereum ETF application on July 3. Seyffart noted that the only significant change was adding a six-month fee waiver for the first $500 million in assets. Seyffart said: “These changes were very minimal and [I don’t know] why the ETFs wouldn’t be…
The firm will tokenize the real estate assets in several tranches. Investors will earn yields through stablecoins and OM tokens. Mantra Chain will tokenize $500 million worth of assets of Dubai-based real estate developer MAG Group, the firms said in a press release shared with CoinDesk. Mantra, which is focused on the Middle East, will tokenize the assets in multiple tranches. The first tranche will include a residential project, Keturah Reserve, which is being built by MAG in Meydan, Dubai. The tranche will also package a $75 million mega-mansion at ‘The Ritz-Carlton Residences, Dubai, Creekside’ development. Investors will earn yield…
SingularityNET has officially announced the final dates for the merger of the Alliance of Artificial Superintelligence (ASI) tokens with its native AGIX token. This marks a significant step towards bringing together the fetch.ai (FET), AGIX and Ocean Protocol (OCEAN) communities. The merger to unite into one decentralized artificial intelligence (AI) network will begin on June 11 and end on June 13, and the FET token will be renamed ASI. For holders of FET, AGIX and OCEAN tokens, the merger will include the conversion of these tokens into ASI tokens at certain conversion rates. FET tokens will be converted to ASI…
In a significant development for the cryptocurrency industry, FTX, the exchange that collapsed in November 2022 under the leadership of convicted Sam Bankman-Fried, is preparing to distribute a staggering $16 billion in cash to its customers, which could lead to significant gains for Bitcoin (BTC) and Solana (SOL) prices. Crypto researcher Xremlin has predicted that a considerable portion of this cash will flow back into the crypto market, serving as a catalyst for growth towards the end of the year. FTX $16 Billion Cash Injection In a recent social media post, Xremlin highlighted the significance of the distribution, emphasizing that…
As the focus turns toward web3, scalability is becoming a challenge for blockchain networks, preventing them from matching traditional financial systems. Advanced cryptographic techniques, such as zero-knowledge proofs (ZKPs) and scaling solutions like ZK rollups, are emerging as key solutions. Zk rollups involves bundling thousands of transactions off-chain, reducing the main blockchain’s data load while offering a high level of privacy and faster finality times. Experts like Vitalik Buterin believe it could become central to blockchain scalability strategies. The Ethereum co-founder has penned several pieces explaining his vision about rollups to scale Ethereum, which has been plagued by network congestion…
Lower Bitcoin fees are creating problems for miners. After the recent halving, daily average network fees spiked, providing some relief to Bitcoin miners. However, as the initial rush of users to the Runes protocol has cooled off, fees have decreased, leading to renewed pressure on miners facing slashed rewards. The higher fees had temporarily alleviated some post-halving stress on miners. For example, transaction fees accounted for 16% of BTC earned by Marathon Digital in April, a significant increase from 4.5% in March. This spike in fees helped offset some of the financial strain caused by the halving, which typically forces…
Smart contract proxy upgradeability allows developers to update the logic of deployed smart contracts while preserving the contract’s state and address. This provides flexibility to fix bugs or add features but also introduces potential risks. Smart contracts, self-executing agreements on blockchain networks, traditionally operate as immutable code once deployed. This immutability is a cornerstone of trust in blockchain technology, ensuring that contract terms cannot be altered unilaterally. However, the inability to modify contracts post-deployment can pose challenges, mainly when bugs are discovered or improvements become necessary. Proxy-upgradeability in smart contracts Proxy-upgradeability addresses this limitation by introducing a two-contract system. A…
SEC delays decision on Ethereum ETF S-1 drafts as analysts shifted their potential launch date again. Ethereum whale risks liquidation if ETH declines to $2,984. Ethereum breaches key support amid key insight from CME open interest. Ethereum is down more than 5% on Thursday following the Securities & Exchange Commission’s (SEC) failure to approve ETH ETF issuers’ S-1 drafts. Meanwhile, the recent decline has strengthened the bearish outlook after ETH moved below a key support level, sparking $90 million in long liquidations. Daily digest market movers: SEC yet to approve ETH ETF Despite its light comments on issuers’ S-1 drafts,…
In a recent post, Cardano’s creator, Charles Hoskinson, addressed concerns about the blockchain’s scalability. He highlighted the availability of sufficient funds in the treasury to support an ambitious Leios, Hydra and ZK program if the community chooses to pursue it. Hoskinson also highlighted the potential for a parallel approach, citing the existing infrastructure and talent within the Cardano (ADA) ecosystem. He expressed optimism about the potential for rapid progress, citing the substantial enhancements witnessed over the past two years. The Cardano community has been engaged in discussions regarding scalability, particularly in light of the blockchain’s growing competition, including platforms like…