🚀 MakerDAO Community To Debate Dropping Sky Brand
#MakerDAO #SkyBrand #USDS #stablecoin #DAI #RuneChristensen #MKR #governance #DeFi #cryptocurrency
According to CoinDesk, MakerDAO's community is set to debate the potential abandonment of the Sky brand following a lukewarm reception to the re-brand and the successful launch of the USDS stablecoin. A formal governance poll is scheduled for November 4 to decide the future course of action.
The USDS stablecoin, introduced in August, aims to provide native token rewards and operate alongside the existing DAI synthetic stablecoin, which remains unchanged. On-chain data indicates that USDS has a supply of $1.2 billion and offers a savings rate of 6.5%. The community generally agrees that the launch was successful.
Sky co-founder Rune Christensen highlighted the community's strong affinity for the Maker brand, emphasizing its values of stability, security, and DeFi scale. He noted that there is significant commitment to holding the MKR token rather than upgrading to SKY. Christensen mentioned that three proposals are under consideration to address community concerns: continuing with Sky as the core brand, recentering the Maker brand with its original identity and reinstating MKR as the sole governance token, or refreshing the Maker brand to align with the current ecosystem while maintaining its established trust and stability.
Several contributors have expressed that the introduction of the SKY token, which replaced MKR as the core governance token under the Sky ecosystem, has not achieved the expected growth. In the past two weeks, SKY has declined by 23%, while the CoinDesk 20 index, which measures the performance of the largest digital assets, has risen by 10%. MKR, the governance token, has decreased by 24% over the year, according to CoinDesk data.
The controversial #MakerDAO #SkyBrand #USDS #stablecoin #DAI #RuneChristensen #MKR #governance #DeFi #cryptocurrency
🚀 Bitcoin's Golden Cross Signals Potential Bull Market
#Bitcoin #GoldenCross #BullMarket #Crypto #Trading #MarketAnalysis #Investing #BTC
According to BlockBeats, on October 23, CoinDesk market analyst Omkar Godbole noted that Bitcoin's 50-day simple moving average (SMA) has begun to rise and is expected to surpass the 200-day SMA in the coming days, confirming the so-called 'golden cross.'
This pattern indicates that short-term price momentum is surpassing long-term momentum, which could potentially evolve into a bull market. Indicators based on moving averages are often criticized as lagging signals, which might mislead traders into the wrong side of the market. While this criticism is generally valid, the golden cross has historically signaled major bull markets.
Traders who held Bitcoin for a year after the first and second golden crosses, as well as the golden cross in May 2020, saw triple-digit percentage returns. Following the golden cross on October 30, 2023, Bitcoin's value doubled, reaching a new all-time high of over $73,000.#Bitcoin #GoldenCross #BullMarket #Crypto #Trading #MarketAnalysis #Investing #BTC
🚀 Aptos Governance Approves AIP-91 For Enhanced Move VM Enum Type
#Aptos #AIP91 #MoveVM #EnumType #SmartContracts #BlockchainDevelopment #CodeReadability #DataStructures #APT
According to Foresight News, Aptos has announced the approval of AIP-91, which introduces the Enum type in the Move Virtual Machine (VM). This new feature will enable developers to define structured data with multiple variants, enhancing code readability and maintainability. The Enum type also supports efficient data structures and allows for version control, enabling data to evolve over time without breaking compatibility. This advancement is expected to facilitate long-term smart contract management without requiring changes to the underlying storage or serialization.#Aptos #AIP91 #MoveVM #EnumType #SmartContracts #BlockchainDevelopment #CodeReadability #DataStructures #APT
🚀 Ethereum(ETH) Drops Below 2,600 USDT with a 1.92% Decrease in 24 Hours
#Ethereum #ETH #cryptocurrency #Binance #marketdata #USDT #trading #decrease
On Oct 23, 2024, 08:04 AM(UTC). According to Binance Market Data, Ethereum has dropped below 2,600 USDT and is now trading at 2,589.800049 USDT, with a narrowed 1.92% decrease in 24 hours.#Ethereum #ETH #cryptocurrency #Binance #marketdata #USDT #trading #decrease
🚀 Top Trader Nachi Claims Significant Holdings in GOAT Supply
#TopTrader #Nachi #GOATSupply #Investments #CryptoTrading
According to Odaily, top trader Nachi has revealed that he holds 4% of the total supply of GOAT. In a recent statement, Nachi expressed confidence in this investment, stating, 'If the AI robot Truth Terminal wants to hear the truth directly, then I will say it. I have acquired 4% of the total supply of GOAT. This will be the best trade of this cycle.'#TopTrader #Nachi #GOATSupply #Investments #CryptoTrading
🚀 Lama Project Establishes Freedom Foundations in Dubai and US
#LamaProject #FreedomFoundation #Dubai #US #MemeCommunity #FinancialAssistance #LegalAssistance #Charity #Rebellion #Llama
According to Odaily, the BSC chain meme project Lama has officially submitted the establishment of the Dubai LAMA Freedom Foundation at the Dubai International Financial Centre (DIFC). Additionally, the project has also filed for the registration of the US LAMA Freedom Foundation online. The primary goal of these foundations is to support individuals and groups who have been long oppressed, providing them with financial and legal assistance to overcome unfair treatment.
In a statement on its official Twitter account, Lama emphasized the need for freedom, rebellion, and charity within the meme world. The project aims to represent these values through the image of a llama, symbolizing freedom and charity in the meme community.#LamaProject #FreedomFoundation #Dubai #US #MemeCommunity #FinancialAssistance #LegalAssistance #Charity #Rebellion #Llama
🚀 EthContingency Project Transfers 200 ETH to Tornado Cash
#EthContingency #TornadoCash #200ETH #CertiK #ICO #cryptocurrency #Ethereum #ETH
According to Foresight News, CertiK monitoring has revealed that an externally owned address (EOA) associated with the EthContingency project deposited 200 ETH (approximately $520,000) into Tornado Cash this morning. EthContingency, which raised around 2,100 ETH (currently valued at approximately $5.46 million) through an initial coin offering (ICO) in 2017, subsequently disappeared. A significant amount of ETH remains in three wallets linked to the EthContingency project.#EthContingency #TornadoCash #200ETH #CertiK #ICO #cryptocurrency #Ethereum #ETH
🚀 New Address Accumulates 177,000 LINK Tokens Worth $2.06 Million
#LINK #cryptocurrency #tokens #BlockBeats #value #investment
According to BlockBeats, a new address has accumulated a total of 177,000 LINK tokens over the past two months. The total value of these tokens is approximately $2.06 million, with an average purchase price of $11.5 per token.#LINK #cryptocurrency #tokens #BlockBeats #value #investment
🚀 Hong Kong Government Focuses On Digital Currency And Fintech Development
#HongKong #DigitalCurrency #Fintech #CBDC #MobilePayments #VirtualAssets #Innovation #GenerativeAI #WealthTech #Insurtech #Web3 #Startups #FintechGrowth
According to PANews, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, announced at the 'APAC Fintech Innovation Lab 2024' demo day that the government will prioritize areas such as central bank digital currencies (CBDCs), mobile payments, and virtual asset trading to advance cutting-edge financial services. The event, co-organized by Accenture and Cyberport, highlighted innovations in generative AI, wealth tech, insurtech, and Web3.0, aiming to accelerate the growth of regional fintech companies and assist startups in exploring new opportunities.#HongKong #DigitalCurrency #Fintech #CBDC #MobilePayments #VirtualAssets #Innovation #GenerativeAI #WealthTech #Insurtech #Web3 #Startups #FintechGrowth
🚀 Plume Network Joins Ethereum Enterprise Alliance
#PlumeNetwork #EthereumEnterpriseAlliance #RWA #tokenization #blockchain #Devcon #enterprise #innovation #investment #ETH #LINK
According to BlockBeats, on October 23, Plume Network, a Layer 2 network focused on real-world assets (RWA), announced its official membership in the Ethereum Enterprise Alliance (EEA). This collaboration will enable Plume Network to work alongside industry leaders such as the Ethereum Foundation, Microsoft, JP Morgan Chase Bank, Ernst & Young, Accenture, Chainlink, ConsenSys, and Trail of Bits to develop tokenization standards and frameworks for real-world assets.
The EEA is a global enterprise collaboration that brings together companies from various industries to foster innovation and enhance Ethereum technology. By joining this alliance, Plume Network aims to leverage its expertise to create secure, scalable, and interoperable enterprise-grade solutions for RWAfi.
As part of this initiative, Plume's Chief Business Officer, Teddy, will speak at the EEA Day conference during Devcon, sharing Plume's innovations and contributions to RWAfi. Plume Network is dedicated to utilizing blockchain technology to empower the future of enterprise tokenization, providing high-quality investment opportunities to global users through RWAfi.#PlumeNetwork #EthereumEnterpriseAlliance #RWA #tokenization #blockchain #Devcon #enterprise #innovation #investment #ETH #LINK
🚀 Somnia Launches World Builder Tool for Enhanced 3D Experience Creation
#Somnia #WorldBuilder #3DExperiences #GameDevelopment #VirtualWorlds #Collaboration #NFTs #InteractiveDesign #VisualEditor #JavaScript #MMLMarkdown
According to Odaily, Somnia has announced the release of World Builder, a powerful new tool within the Somnia Dream Builder suite. This tool offers several key features designed to enhance the creation of 3D experiences.
World Builder includes a visual editor that allows users to create 3D experiences through an intuitive interface. Additionally, it features a code editor for editing JavaScript and MML markdown to implement custom logic. Users can also benefit from a real-time playback view, enabling them to interact with their creations as they build them. The tool also supports collaboration, allowing multiple users to work on projects together.
With World Builder, creators can develop complex and customized games, experiences, virtual worlds, and more. The tool is integrated with the Somnia ecosystem, providing compatibility with assets such as Bored Apes and other NFTs.#Somnia #WorldBuilder #3DExperiences #GameDevelopment #VirtualWorlds #Collaboration #NFTs #InteractiveDesign #VisualEditor #JavaScript #MMLMarkdown
🚀 Synthetix Founder Reflects On Infinex Patron NFT Auction Success
#Synthetix #Infinex #NFT #PatronNFT #auction #fundraising #Vitalik #Toly #JessePollak #Blur #OpenSea #cryptocurrency #blockchain #success #SNX #ETH #SOL
According to Odaily, Synthetix founder Kain Warwick recently reviewed the success of his new project, Infinex, and its Patron NFT auction sponsorship event. The event, essentially a public fundraising effort using NFTs, saw participation from notable projects and institutions such as Wormhole, Pyth, Synthetix, Variant, Founders Fund, Framework Ventures, and Wintermute Ventures. Prominent individuals involved included Ethereum co-founder Vitalik, Solana co-founder Toly, and Base head Jesse Pollak.
Warwick announced that the distribution of Patron NFTs will commence soon, with more opportunities to become an Infinex sponsor emerging in the coming months. Additionally, the Patron NFTs are set to be listed on Blur and OpenSea in the next few days. Previously, it was reported that the Infinex auction sponsorship event successfully sold 41,258 NFTs, raising a total of $65.3 million.#Synthetix #Infinex #NFT #PatronNFT #auction #fundraising #Vitalik #Toly #JessePollak #Blur #OpenSea #cryptocurrency #blockchain #success #SNX #ETH #SOL
🚀 QuickSwap Introduces Ethereum Liquidity Aggregator Supported By Orbs
#QuickSwap #Ethereum #LiquidityAggregator #Orbs #Polygon #DecentralizedExchange #Layer3 #LiquidityHub #QUICK #ETH
According to Foresight News, Polygon's native decentralized exchange (DEX) QuickSwap has announced the launch of an Ethereum liquidity aggregator powered by Orbs Liquidity Hub. This development follows QuickSwap's previous governance proposal to expand its services to Ethereum using Orbs' Layer 3 liquidity hub protocol.#QuickSwap #Ethereum #LiquidityAggregator #Orbs #Polygon #DecentralizedExchange #Layer3 #LiquidityHub #QUICK #ETH
🚀 UK Expected To Implement Stablecoin Legislation Within Months
#UK #Stablecoin #Legislation #Circle #DanteDisparte #CNBC #EuropeanUnion #MiCA #CryptoAssets
According to Foresight News, Circle's Global Policy Chief Dante Disparte stated in an interview with CNBC that the United Kingdom is expected to introduce stablecoin legislation within months rather than years. Disparte emphasized that the UK needs to catch up with the European Union, which has already begun regulating stablecoins under the Markets in Crypto-Assets (MiCA) framework.#UK #Stablecoin #Legislation #Circle #DanteDisparte #CNBC #EuropeanUnion #MiCA #CryptoAssets
🚀 Solana Blockchain Sees Surge In Daily Transaction Fees
#Solana #Blockchain #TransactionFees #DefiLlama #Crypto #May2024 #SOL
According to Odaily, data from DefiLlama indicates that daily transaction fees on the Solana blockchain have surged to their highest level since early May 2024. Over the past 24 hours, transaction fees on the Solana network have risen to $3.85 million, marking a significant increase compared to the average values of the past six months.#Solana #Blockchain #TransactionFees #DefiLlama #Crypto #May2024 #SOL
🚀 ZkLink Core DAO Delays Token Unlock Schedule By Six Months
#ZkLink #CoreDAO #TokenUnlock #Delay #Investors #TeamMembers #TokenSupply #MarketConditions #StrategicAdjustments #ValueEnhancement
According to BlockBeats, on October 23, zkLink Core DAO announced a six-month delay in the token unlock schedule for investors and team members. The affected tokens constitute 40.5% of the total token supply.
The new schedule impacts several key stakeholders. Early private round purchasers, who were initially set to have their tokens unlocked on October 22, 2024, will now see their tokens unlocked on April 22, 2025. Additionally, the zkLink Core DAO team and advisors, whose tokens were originally scheduled to be unlocked on January 22, 2024, will now have to wait until July 22, 2025.
This decision reflects the organization's strategic adjustments and aims to align with broader market conditions and internal goals. The delay is expected to provide additional time for the project to mature and potentially enhance the value of the tokens upon their eventual release.#ZkLink #CoreDAO #TokenUnlock #Delay #Investors #TeamMembers #TokenSupply #MarketConditions #StrategicAdjustments #ValueEnhancement
🚀 Vitalik Buterin Criticizes Splunk's Use Of Zero-Knowledge Proof Technology
#VitalikButerin #Splunk #ZeroKnowledgeProof #XSIAM #Ethereum #Technology #Criticism
According to Foresight News, Ethereum co-founder Vitalik Buterin has criticized software company Splunk for its marketing description of the project XSIAM, which uses zero-knowledge proof technology. Buterin referred to XSIAM as an 'unverified solution' and humorously remarked that 'this is what ZK project advertisements look like to the average person.'#VitalikButerin #Splunk #ZeroKnowledgeProof #XSIAM #Ethereum #Technology #Criticism
🚀 🔥 DOGE, XRP Lead Crypto Majors Decline as Bitcoin ETFs Suffer $80M Outflow 🔥
#DOGE #XRP #Bitcoin #ETFs #Crypto #MarketDecline #Stablecoin #Memecoin #ApeCoin #Liquidity #BitcoinResistance #BTC
According to CoinDesk: The cryptocurrency market experienced a downturn as Bitcoin ETFs saw a net outflow of $80 million, breaking a seven-day streak of inflows. Leading the decline were major tokens like Dogecoin (DOGE) and XRP, which fell 5% and 4%, respectively, while Bitcoin struggled to maintain momentum after failing to break the $70,000 resistance level.Key Highlights:Bitcoin’s Struggle: Bitcoin dropped 1% after a failed attempt to rally towards $70,000. This influenced a broader market decline, with the CoinDesk 20 (CD20) index, which tracks the largest cryptocurrencies by market capitalization, falling by nearly 2%.Major Tokens Drop: Dogecoin (DOGE) and XRP led the losses among major tokens, both giving up gains from earlier in the week. DOGE had rallied on Elon Musk’s endorsement, while XRP benefited from positive fundamental developments.ETFs See Outflows: U.S.-listed Bitcoin ETFs saw $80 million in net outflows, with Ark Invest’s ARKB product losing a record $134 million. BlackRock’s iShares Bitcoin Trust (IBIT) led inflows with $42 million, while Fidelity’s FBTC and VanEck’s HODL brought in $8 million and $3 million, respectively.Stablecoin Concerns: Traders pointed to a lack of growth in stablecoin volume as a key reason for the market’s slowdown. Stablecoins, often used as liquidity for quick crypto purchases, have seen stagnant volume since late September, potentially signaling a broader market slowdown.Market Outlook: Despite the dip, some traders expect Bitcoin to reach $80,000 in the coming weeks, especially with the U.S. presidential election drawing near. However, concerns about liquidity and resistance levels remain.Mid-cap and low-cap cryptocurrencies saw little movement, though memecoin BONK and ApeCoin (APE) led losses, each dropping over 7%. Analysts noted that Bitcoin’s failure to break past $70,000 resistance and a pause in stablecoin liquidity are major factors contributing to the market’s current stagnation.#DOGE #XRP #Bitcoin #ETFs #Crypto #MarketDecline #Stablecoin #Memecoin #ApeCoin #Liquidity #BitcoinResistance #BTC
🚀 Zanzibar Government Launches Blockchain Sandbox Initiative
#Zanzibar #Blockchain #Sandbox #Entrepreneurship #Technology #Xinfin #XDCNetwork #Ledgerfi
According to Foresight News, the semi-autonomous government of Zanzibar, located within the United Republic of Tanzania, has introduced a blockchain sandbox program aimed at fostering entrepreneurship and technological advancement. This initiative is supported by the Xinfin XDC Network and designed by Ledgerfi IT Solutions. The program allows startups to securely test their blockchain-based solutions within the national blockchain network.#Zanzibar #Blockchain #Sandbox #Entrepreneurship #Technology #Xinfin #XDCNetwork #Ledgerfi
🚀 Chainlink And Swift Collaborate On Blockchain Payment Solution
#Chainlink #Swift #Blockchain #PaymentSolution #FinancialInstitutions #DecentralizedOracle #Sibos #TradFi #BlockchainPrivacyManager #CrossBorderPayments #LINK
According to PANews, decentralized oracle provider Chainlink is set to introduce a new blockchain payment solution for financial institutions. Chainlink has partnered with Swift, the global messaging network used by banks and institutions, to demonstrate a new integration that allows institutions to interact with blockchain technology using Swift messages.
At the Sibos conference hosted by Swift in Beijing (UTC+8), Chainlink co-founder Sergey Nazarov highlighted the practical value of this integration. He stated, 'We are currently in the pre-production phase, which means we are about to provide you with functionalities that can be truly implemented within your existing institutional systems.' Nazarov further explained that the solution leverages Swift's established messaging standards to execute pre-settlement and transaction confirmations, which are widely used in traditional finance (TradFi). Once confirmations are completed, Chainlink's infrastructure converts these messages into blockchain events, enabling financial institutions to lock assets on-chain and execute payment operations.
Additionally, Nazarov introduced the newly launched Blockchain Privacy Manager (BPM). This feature, combined with the new Swift integration, allows financial institutions to conduct sensitive transactions, including private tokenized asset trades and cross-border payments.#Chainlink #Swift #Blockchain #PaymentSolution #FinancialInstitutions #DecentralizedOracle #Sibos #TradFi #BlockchainPrivacyManager #CrossBorderPayments #LINK
🚀 Fed Rate Expectations See Hawkish Repricing, ING Reports
#FedRate #HawkishRepricing #FOMC #InterestRates #ING
According to Odaily, ING has indicated that recent Federal Reserve rate expectations have undergone a hawkish repricing. Some members of the Federal Open Market Committee (FOMC) are currently expressing doubts about consecutive rate cuts before the end of the year.#FedRate #HawkishRepricing #FOMC #InterestRates #ING