🚀 Fluid Protocol Secures $3.9 Million In Seed Funding
#FluidProtocol #SeedFunding #AnimocaVentures #Blockchain #DeFi #Investment #FinancialServices #Innovation
According to Odaily, Fluid Protocol has successfully raised $3.9 million in a seed funding round. The investment was led by Animoca Ventures, with participation from several other investors. This funding aims to support the development and expansion of Fluid Protocol's innovative solutions in the blockchain and decentralized finance (DeFi) sectors.
Fluid Protocol, known for its cutting-edge technology in the DeFi space, plans to utilize the funds to enhance its platform and broaden its market reach. The company is focused on providing seamless and efficient financial services through blockchain technology, aiming to revolutionize the way financial transactions are conducted.
The involvement of Animoca Ventures, a prominent player in the blockchain investment arena, underscores the potential and credibility of Fluid Protocol's offerings. This seed funding round marks a significant milestone for the company as it continues to innovate and push the boundaries of decentralized finance.#FluidProtocol #SeedFunding #AnimocaVentures #Blockchain #DeFi #Investment #FinancialServices #Innovation
🚀 Stargate Proposes Deployment To Unichain With $6 Million Initial Liquidity
#Stargate #Unichain #Liquidity #USDC #Arbitrum #Ethereum #Crypto #ARB #ETH
According to Odaily, Stargate has initiated a proposal to deploy on Unichain, accompanied by an initial liquidity provision of $6 million. This liquidity will be supplied in the form of USDC from Stargate V1 pools on both Arbitrum and Ethereum.#Stargate #Unichain #Liquidity #USDC #Arbitrum #Ethereum #Crypto #ARB #ETH
🚀 Hong Kong Monetary Authority Launches 'Account Connectivity' Initiative
#HongKong #MonetaryAuthority #AccountConnectivity #DataSharing #BankingInnovation #CustomerExperience #Finance #Technology #BankInterbankAccount #SME
According to Odaily, the Hong Kong Monetary Authority (HKMA) has officially named its 'Bank Interbank Account Data Sharing' initiative as 'Account Connectivity.' In collaboration with the Hong Kong Science and Technology Parks Corporation, the HKMA has introduced the 'Account Connectivity Developer Platform.' This platform aims to facilitate secure and efficient data sharing between banks based on customer consent.
The pilot phase of the 'Account Connectivity' initiative began in January this year, with participation from 28 banks. The program has established guidelines and standards for interbank account data sharing, covering retail, corporate, and SME customers. This initiative allows banks to share deposit account information with other banks as per customer preferences, promoting the development of data-driven innovative banking products and services, thereby enhancing the customer experience.#HongKong #MonetaryAuthority #AccountConnectivity #DataSharing #BankingInnovation #CustomerExperience #Finance #Technology #BankInterbankAccount #SME
🚀 Link's Exchange Net Flow Shows Negative Trend Indicating Asset Accumulation
#LinksExchange #NetFlow #NegativeTrend #AssetAccumulation #Withdrawals #ColdStorage #PrivateWallets #SellingPressure
According to Odaily, IntoTheBlock recently reported on platform X that LINK's exchange net flow has been consistently negative over the past month. This trend suggests ongoing withdrawals from exchanges, which typically indicates asset accumulation. When holders transfer assets to cold storage or private wallets, it can reduce immediate selling pressure.#LinksExchange #NetFlow #NegativeTrend #AssetAccumulation #Withdrawals #ColdStorage #PrivateWallets #SellingPressure
🚀 Raydium's Total Trading Volume Surpasses $300 Billion
#Raydium #TotalTradingVolume #DecentralizedExchange #Crypto #Blockchain #TradingFees #LiquidityProviders #RAYTokens
According to Foresight News, decentralized exchange Raydium has announced that its total trading volume has exceeded $300 billion. The platform has paid $620 million in fees to liquidity providers and $50 million in fees for user-programmed buyback and burn of RAY tokens.#Raydium #TotalTradingVolume #DecentralizedExchange #Crypto #Blockchain #TradingFees #LiquidityProviders #RAYTokens
🚀 Bitcoin Market Needs Time To Digest Higher Bond Yields, Says 10x Research
#Bitcoin #BondYields #10xResearch #Ethereum #Stablecoins #MarketTrends #BullishMomentum #Liquidity #BTC #ETH
According to Odaily, 10x Research has indicated in a recent report that the market requires time to absorb higher bond yields before Bitcoin can resume its upward trend, urging against excessive pessimism. The report highlights that despite Bitcoin and Ethereum financing rates rising to 10%, spot prices have lagged, and retail participation remains subdued. The firm notes, 'We hope to see multiple indicators align to confirm bullish momentum, but this is not a major issue. The market may only need a few days to absorb these factors.'
Additionally, the total inflow of stablecoins has been a primary driver of liquidity this year. 10x Research points out, 'Since the launch of the Bitcoin spot ETF, stablecoin inflows have reached $36 billion, and liquidity remains robust.' The report emphasizes that these inflows continue to exert upward pressure on Bitcoin prices.#Bitcoin #BondYields #10xResearch #Ethereum #Stablecoins #MarketTrends #BullishMomentum #Liquidity #BTC #ETH
🚀 Starknet Nears Completion Of First Phase Of STRK Staking
#Starknet #STRK #staking #Ethereum #Layer2 #PoS #decentralized #blockchain #cryptocurrency #testnet #mainnet #governance
According to Odaily, Ethereum Layer 2 network Starknet announced on Platform X that the first phase of STRK staking is nearing completion. This phase includes the development of the STRK staking contract, community governance on STRK staking parameters, and the testnet for the first phase. The mainnet for the first phase is expected to be completed by the fourth quarter of 2024. Starknet's transition to a fully decentralized Proof-of-Stake (PoS) network will take time.#Starknet #STRK #staking #Ethereum #Layer2 #PoS #decentralized #blockchain #cryptocurrency #testnet #mainnet #governance
🚀 BlackRock IBIT Sees $15 Million Pre-Market Trading Volume
#BlackRock #IBIT #TradingVolume #PreMarket #ActiveOrders
According to BlockBeats, on October 23, data from Trader T revealed that BlackRock IBIT experienced a pre-market trading volume of $15 million. Of this volume, 38% were active buy orders, while 35% were active sell orders.#BlackRock #IBIT #TradingVolume #PreMarket #ActiveOrders
🚀 Lido Institutional Integrates Staking Middleware With L1.co Platform
#Lido #Institutional #Staking #Middleware #L1co #DigitalAsset #ETH #Ethereum #Collaboration #Advisory
According to Foresight News, Lido Institutional has announced the integration of its staking middleware into L1.co's digital asset advisory platform. This integration allows L1.co advisors to recommend Lido's staking middleware to their clients for staking ETH. The collaboration aims to enhance the staking experience for institutional clients by providing a seamless and efficient solution for staking Ethereum.#Lido #Institutional #Staking #Middleware #L1co #DigitalAsset #ETH #Ethereum #Collaboration #Advisory
🚀 Vitalik Buterin Criticizes Michael Saylor's Bitcoin Self-Custody Remarks
#VitalikButerin #MichaelSaylor #Bitcoin #SelfCustody #Cryptocurrency #Ethereum #RegulatoryCapture
According to Odaily, Ethereum co-founder Vitalik Buterin has publicly criticized MicroStrategy co-founder Michael Saylor's recent comments on Bitcoin self-custody. In a post on the X platform, Buterin stated, 'I think Saylor's remarks are crazy. Michael Saylor seems to explicitly advocate for a regulatory capture approach to protect cryptocurrencies, which does not align with the core principles of cryptocurrency.'#VitalikButerin #MichaelSaylor #Bitcoin #SelfCustody #Cryptocurrency #Ethereum #RegulatoryCapture
🚀 Trump's Crypto Project World Liberty Financial Reaches Over 15,000 Token Holders
#Trump #Crypto #WorldLibertyFinancial #WLFI #TokenHolders #Cryptocurrency #TokenSale
According to PANews, former President Donald Trump's cryptocurrency project, World Liberty Financial (WLFI), announced on the X platform that the WLFI token now has over 15,000 holders.
Additionally, data from the project's official website reveals that approximately 9.3305 million WLFI tokens have been sold in the public token sale so far. The remaining token supply stands at 19.067 billion tokens. With each token priced at $0.015, the current sales revenue is approximately $13.9957 million.#Trump #Crypto #WorldLibertyFinancial #WLFI #TokenHolders #Cryptocurrency #TokenSale
🚀 NTT Digital Joins Injective As New Validator
#NTTDigital #Injective #validator #telecommunications #Web3 #decentralizedtechnologies #digitalcommunication #finance #INJ
According to Foresight News, Injective has announced that NTT Digital, a subsidiary of Japan's largest telecommunications company and Fortune 500 giant NTT, has become its new validator. NTT is a global leader in telecommunications services, focusing on technological innovation. The company is currently expanding into Web3, exploring decentralized technologies that are expected to shape the future of digital communication and finance.#NTTDigital #Injective #validator #telecommunications #Web3 #decentralizedtechnologies #digitalcommunication #finance #INJ
🚀 Ethereum Foundation Suspected of Regular ETH to DAI Conversions
#EthereumFoundation #ETH #DAI #CoWProtocol #Arkham #crypto #blockchain
According to PANews, Arkham monitoring has revealed that within the past half hour, an address suspected to be associated with the Ethereum Foundation (0xd7...c1f4) transferred 100 ETH to CoW Protocol. Subsequently, this address received approximately 257,400 DAI from CoW Protocol and transferred these DAI to an on-chain address labeled as 'Ethereum Foundation' starting with 0x9eE.
It is reported that since the beginning of this year, the suspected Ethereum Foundation address (0xd7...c1f4) has been converting ETH to DAI through CoW Protocol almost weekly or bi-weekly. The amounts typically range from 50, 100, to 200 ETH.#EthereumFoundation #ETH #DAI #CoWProtocol #Arkham #crypto #blockchain
🚀 Ethereum Foundation Sells 100 ETH Worth $257,000
#Ethereum #ETH #EthereumFoundation #cryptocurrency #blockchain #digitalassets #market sentiment #investors #financialmaneuvers
According to Foresight News, Spot on Chain monitoring revealed that approximately 15 minutes ago, the Ethereum Foundation sold 100 ETH, equivalent to around $257,000.
This transaction marks a significant move by the Ethereum Foundation, which is known for its role in the development and promotion of the Ethereum blockchain. The sale of 100 ETH could be part of the foundation's strategy to manage its holdings and fund ongoing projects and initiatives within the Ethereum ecosystem.
The Ethereum Foundation's activities are closely watched by the cryptocurrency community, as its decisions can have a notable impact on market sentiment and the broader blockchain industry. The sale of such a substantial amount of ETH may prompt discussions among investors and analysts regarding the foundation's future plans and the potential implications for the Ethereum network.
As the cryptocurrency market continues to evolve, transactions like these highlight the dynamic nature of digital asset management and the strategic decisions made by key players in the industry. The Ethereum Foundation's recent sale is a reminder of the ongoing developments and financial maneuvers that shape the landscape of blockchain technology.#Ethereum #ETH #EthereumFoundation #cryptocurrency #blockchain #digitalassets #market sentiment #investors #financialmaneuvers
🚀 Sui Foundation Invests In Arttoo For Blockchain-Based Art Projects
#SuiFoundation #Arttoo #Blockchain #ArtProjects #RealWorldAssets #FractionalInvestment #DigitalArt #Matisse #Monet #SUI
According to Foresight News, the Sui Foundation has made a strategic investment in the art platform Arttoo. The specific amount of the investment has not been disclosed. Arttoo plans to launch real-world asset (RWA) art projects based on the Sui blockchain. The platform will offer fractional investment services within the Sui ecosystem, allowing users to purchase and trade digital shares of artworks by 20th-century masters such as Matisse and Monet.#SuiFoundation #Arttoo #Blockchain #ArtProjects #RealWorldAssets #FractionalInvestment #DigitalArt #Matisse #Monet #SUI
🚀 Satflow Launches DEX for Professional Traders in Ordinals and Runes Ecosystems
#Satflow #DEX #ProfessionalTraders #Bitcoin #Ordinals #Runes #MempoolSniping #Blockchain #CryptoTrading #BTC
According to CoinDesk, Bitcoin infrastructure firm Satflow has launched a decentralized exchange (DEX) aimed at professional traders within the Ordinals and Runes ecosystems. The new platform is designed to address the issue of mempool sniping, a practice that can be particularly problematic on the Bitcoin network due to its 10-minute transaction confirmation window. Mempool sniping occurs when users exploit the time lag in which a transaction is waiting to be added to a Bitcoin block. Snipers remove these transactions from the queue, add their own signature, and attach a higher fee to ensure their transactions are prioritized by Bitcoin miners. This practice is more prevalent on Bitcoin compared to other blockchains and is further exacerbated in the Ordinals and Runes ecosystems, where new assets may experience rapid price fluctuations. To combat this, Satflow's DEX involves three transactions, making them #Satflow #DEX #ProfessionalTraders #Bitcoin #Ordinals #Runes #MempoolSniping #Blockchain #CryptoTrading #BTC
🚀 Norwegian Central Bank Advances CBDC Research With Decision Expected By 2025
#NorwegianCentralBank #CBDC #CentralBankDigitalCurrency #digitalcurrency #research #pilotphase #wholesalecbdc #2025
According to Odaily, the Norwegian Central Bank is progressing with its research on Central Bank Digital Currency (CBDC), aiming to make a decision by the end of 2025. Deputy Governor Pal Longva stated that Norway is not concerned about lagging behind other wealthy nations in the realm of CBDCs and is currently in the pilot phase of exploring this digital currency. In December 2023, the Norwegian Bank released the results of the fourth phase of its CBDC experiment, concluding that a retail CBDC was not necessary at that time. The bank is now extending its research to the fifth phase, focusing on wholesale CBDC applications, with plans to finalize its decision by the end of 2025.#NorwegianCentralBank #CBDC #CentralBankDigitalCurrency #digitalcurrency #research #pilotphase #wholesalecbdc #2025
🚀 CBDCs Pose Privacy Risks, Says London Financial Official
#CBDCs #PrivacyRisks #CentralBankDigitalCurrencies #FinancialCrime #Transparency #DigitalPound
According to PANews, Michael Mainelli, the Lord Mayor of the City of London, expressed concerns over the privacy implications of Central Bank Digital Currencies (CBDCs) during an event hosted by digital pound enthusiasts on Wednesday. Mainelli highlighted that while CBDCs can effectively combat financial crimes due to their traceable nature and the potential for automated transaction monitoring, they also pose significant privacy risks. He emphasized that the transparency offered by CBDCs inherently leads to a loss of privacy, stating, 'I'm sorry, but you can't have both.'#CBDCs #PrivacyRisks #CentralBankDigitalCurrencies #FinancialCrime #Transparency #DigitalPound
🚀 Trader Loses $57,000 Due To Incorrect Address Copying
#TraderLoss #IncorrectAddress #CryptoLoss #TransactionError #SecurityReminder
According to Odaily, approximately 42 minutes ago, a trader lost $57,000 after copying an incorrect address from a contaminated transaction record. This incident serves as a reminder for users to avoid directly copying addresses from transaction records.#TraderLoss #IncorrectAddress #CryptoLoss #TransactionError #SecurityReminder
🚀 Uniswap Launches Permissionless In-App Cross-Chain Bridge
#Uniswap #CrossChain #Blockchain #Ethereum #Arbitrum #Polygon #ZKsync #DeFi #Crypto #UNI #ETH #ARB
According to Foresight News, Uniswap has announced the launch of its permissionless in-app cross-chain bridge. This new feature allows Uniswap users to perform cross-chain transactions directly from the Uniswap interface and Uniswap wallet. The cross-chain bridge is initially available for nine networks: Ethereum, Base, Arbitrum, Polygon, OP Mainnet, Zora, Blast, World Chain, and ZKsync. The cross-chain functionality in Uniswap Labs products is supported by Across Protocol.#Uniswap #CrossChain #Blockchain #Ethereum #Arbitrum #Polygon #ZKsync #DeFi #Crypto #UNI #ETH #ARB
🚀 Bitcoin And Ethereum ETFs Dominate Top Fund Inflows In 2024
#Bitcoin #Ethereum #ETFs #FundInflows #Crypto #BTC #ETH
According to Odaily, ETFStore President Nate Geraci revealed on the X platform that 575 ETF products have been launched so far in 2024. Among the top 30 ETFs by fund inflows, Bitcoin and Ethereum ETFs account for 14 positions. Furthermore, in the top 10 ETFs by fund inflows, Bitcoin and Ethereum ETFs hold six spots.#Bitcoin #Ethereum #ETFs #FundInflows #Crypto #BTC #ETH