Layer4 Network - Enabling reliable, low-latency communication for seamless digital experiences 🔥

Layer4 Network stands as a modular blockchain ecosystem with a singular objective, to construct a scalable data availability layer that paves the way for the evolution of highly scalable blockchain structures. With a blend of L1 & L2 solutions, zkRollups, Polygon CDK, and OP Stack, they're forging the future of blockchain.

🟢 TESTNET is now LIVE! Dive in and experience the future at
🌐 https://layer4.network/testnet

🚀 MAINNET is already live and thriving at
🌐 https://scan.layer4.network/.

💎 Presale started on PinkSale and will end at 6:00 PM UTC on Sep 6th.
🟪 https://pinksale.finance/launchpad/0xB4a917c075E2fe8D1C89c0de2D537036ad0EA248?chain=ETH

NaturesGold Token is a unique gold-linked digital asset tokenising grams of in-ground gold via their NGOLD token trading at a discount to the spot rate of gold.  Each token represents the preservation of 0.01 grams of quantified, in-ground gold.
They have already raised $2.3M through private and seed sales with several key partners. 

Slow raise since its vested, so DYOR before investing, more sale rounds to follow as well. This raise is on BSC chain but tokens will be exchanged to NGOLD Polygon chain tokens.
Doxxed team with audited by CERTIK as well.

Pinksale : https://www.pinksale.finance/launchpad/0xAc8257d4e574F5d39945178d864b7EBCeE5A5fbd?chain=BSC

Telegram : https://t.me/naturesvault

Website : https://naturesgoldtoken.io/

Twitter : https://twitter.com/naturesvault_io

HyperGPT Highlights 💲

Discover how HyperGPT is breaking boundaries in the world of artificial intelligence 🤖

🤝 Partnerships: A Collaborative Force
💼 Listed on Exchanges: Global Reach
🧠 Products & Solutions: Shaping the Future
👥 Community: A Strong Foundation

https://hypergpt.ai

  🔶FriendFi

➡️Buy on Pinksale: https://www.pinksale.finance/launchpad/0x0849B0807e7D980c85f7De0D33ec67EC952120D8?chain=BSC

🪪KYC  ✅AUDIT ✅SAFU

✔️FriendFi - SocialFi - Social marketplace for friends&content creators. Powered by $FFI. Build on Starknet and BNB chain.Audited by CFGNinja.


🔍Website:  https://friendfi.org

Platypus Finance suffers more than $2 million exploit on Avalanche: PeckShield

Platypus Finance, a DeFi protocol operating on the Avalanche network, fell victim to a security hack earlier today. An estimated loss of over $2 million was reported by security firm PeckShield. The project has responded by temporarily halting all of its liquidity pools. “Due to suspicious activities in our protocol, we have taken the proactive measure of temporarily suspending all pools. Further updates will be communicated to the community in a timely manner,” Platypus noted.

The incident appears to result from a flash loan attack, explicitly targeting the AVAX-sAVAX liquidity pool — although a formal comment on the attack vector has not yet been announced. A flash loan is a feature in decentralized finance that allows users to borrow assets without collateral, provided they return the loan within the same transaction block. However, attackers have discovered methods to exploit this feature, manipulating market prices or taking advantage of vulnerabilities in DeFi protocols. By borrowing vast amounts, an attacker can create artificial market conditions, profiting from the induced discrepancies before repaying the loan, all within a single transaction block.

​‘Bitcoin NFTs’ Aren’t New, But Blockchain Purists Are Now on the Defensive

For nearly a decade, creators have enlisted sidechain or layer-2 solutions to link digital art to the Bitcoin blockchain. But how this is accomplished—or whether it should even be done—has Crypto Twitter up in arms after new project Ordinals developed a way to add digital items to on-chain Bitcoin transactions.

NFT are blockchain tokens that can serve as a proof of ownership for assets, including digital goods like artwork, videos, music files, and memberships. While blockchains like Ethereum and Solana are synonymous with NFTs and digital collectibles, many Bitcoin developers have sought ways to bring them to the quintessential blockchain.

One issue hampering the development of NFTs on Bitcoin is the need for smart contracts. In the minting process, NFTs use smart contracts to assign ownership of the digital asset in the NFT. The smart contract updates the ownership when the NFT is bought or sold.

Bitcoin has only limited smart contract support.

To address this, earlier projects like Counterparty and Stacks developed alternative solutions that use a native token for the contract piece but ultimately settle their transactions back on the Bitcoin blockchain.

Snoop Dogg and Happi Co. Bring NFT-Inspired Ice Cream Line to Walmart Stores

Snoop Dogg is making waves again, this time teaming up with Happi Co. to introduce an exciting new line of ice cream called Dr. Bombay. Combining the world of NFTs with real-life treats, Dr. Bombay Ice Cream will hit the shelves of 3,500 Walmart stores starting this week, priced at $4.98 per tub.

Drawing inspiration from Snoop Dogg's very own NFT character, the Dr. Bombay brand will debut with a delightful array of seven flavors, promising a West Coast vibe that captures the essence of where the legendary rapper hails from.

The flavors include Bonus Track Brownie, Cocoa Cream Cookie Dream, Iced Out Orange Cream, Rollin' In the Dough, S'more Vibes, Syrupy Waffle Sundaze, and the lively Tropical Sherbet Swizzle.

For Snoop Dogg, ice cream holds a special significance as more than just a snack; it's a way to unwind, relax, and find joy.
"That's exactly what I want Dr. Bombay Ice Cream to do—bring a smile to your face and ease your mind," Snoop expressed.
The rapper has poured his heart and soul into perfecting these flavors, and he's eager for fans worldwide to experience the delicious creations.

But Dr. Bombay isn't just a catchy name; he's also Snoop Dogg's beloved sidekick, adding a playful and mischievous element to the brand's identity both on social media and in-person interactions. The charismatic ape infuses unexpected fun into the ice cream line, reflecting the vibrant and dynamic nature of Snoop Dogg's persona.

CertiK Lays Off: Cuts 15% Workforce Amid Blockchain Challenges!

CertiK lays off about 15% of its staff, resulting in the layoff of a portion of its employees. Co-founder and CEO Ronghui Gu addressed the developments in an email statement, citing the rationale behind the decision as being in response to evolving market dynamics. The restructuring initiative was implemented with the aim of better aligning the company’s workforce with its long-term strategic objectives. CertiK’s unwavering focus on achieving long-term sustainability and resilience in the face of industry shifts.

The CEO’s statement underscored CertiK’s unwavering focus on achieving long-term sustainability and resilience in the face of industry shifts. By realigning its team structure, CertiK lays off aims to position itself strategically within the rapidly evolving blockchain landscape, effectively positioning the company to leverage emerging opportunities and meet the evolving demands of the market. CertiK remains committed to upholding its standards of excellence and innovation in the field of blockchain security. The company’s leadership has expressed optimism regarding the future trajectory of CertiK lays off, emphasizing its dedication to advancing the development and implementation of cutting-edge security solutions within the blockchain ecosystem.

Avalanche-based Star Arena Recovers 90% of Hacked Funds, Offers 10% Bounty

On-chain social platform, Star Arena has announced a recovery of assets drained from its platform over the weekend following an agreement with the hacker. In a post on X (formerly Twitter), the platform disclosed that 90% of user assets have been recovered while the hacker was offered a 10% bounty.

The agreement means the company recovered 90% of 266,000 Avalanche (AVAX) tokens worth nearly $3 million while the hacker was offered 27,610 AVAX tokens approximately $257,000.

We have recovered approximately 90% of the lost funds. We reached an agreement with the individual responsible for the recent security breach.”

Per the agreement, the hacker would also be compensated about 1000 AVAX lost in a bridge with the platform adding in a separate post that it has written a new smart contract to ensure security before placing recovered funds, making a subsequent rollout.

Tether Promotes Paolo Ardoino to CEO

Stablecoin issuer Tether has appointed Paolo Ardoino as its new CEO with former CEO Jean-Louis van der Velde transitioning into an advisory role. Ardoino became Tether's CTO in 2017 after joining Bitfinex three years prior. In that time Tether's (USDT) market cap has grown from less than $100 million to $83.5 billion as it experienced exponential growth starting in 2020. Van der Velde will remain as Bitfinex's CEO whilst Ardoino has retained his role as CTO at both Bitfinex and Holepunch, according to a press release.

“Paolo is extremely well-suited to lead Tether into this exciting new era,” said Jean-Louis van der Velde. “I believe Tether is poised to continue its rapid growth, with a continued focus on emerging markets and transformative technology. I think I can speak for the entire company when I say that we eagerly anticipate Paolo’s leadership as he guides Tether toward a future where finance knows no bounds.” The press release states that Ardoino envisions Tether as a "tech powerhouse" that will "reshape the future of finance."Tether's (USDT) market cap has grown from less than $100 million. The new CEO also hopes that company will expand the influence of the USD in global trade and exchange, which will ensure its utility in emerging markets.

Galaxy Bitcoin ETF Now Updated To Form S-1 To Respond To The SEC

Invesco Galaxy has joined the ranks of firms updating the Invesco Galaxy Bitcoin ETF prospectus in response to recent inquiries from the US Securities and Exchange Commission (SEC). This development comes shortly after Cathie Wood’s Ark Invest also made revisions to its ETF documents. The SEC recently reached out to potential issuers with questions regarding their S-1 forms, sparking a wave of updates in the ETF landscape. Invesco Galaxy has taken the initiative to address the SEC’s concerns with comprehensive adjustments to the Invesco Galaxy Bitcoin ETF S-1.

SEC’s final verdict on these filings remains pending. Nevertheless, this interaction between regulatory authorities and issuers is an encouraging sign of progress. Notably, Ark Invest’s adjustments to the Spot BTC ETF S-1 were characterized as broad rather than substantial, encompassing language refinements, additional context, and enhanced risk disclosures. In June, Invesco, boasting $1.4 trillion in assets under management, re-submitted its application for a spot Bitcoin ETF in collaboration with Galaxy Digital. The company initially filed for the Invesco Galaxy Bitcoin ETF in 2021, concurrently with Galaxy, and also pursued a Bitcoin futures ETF. However, the latter effort was abandoned in October 2021 after ProShares received approval and began trading.

Tesla Keeps Bitcoin Stash Steady in Q3

Tesla's (TSLA) bitcoin (BTC) holdings held steady in the third quarter, the U.S.-based car manufacturer’s new earnings report revealed Wednesday. The quarterly report did not mention bitcoin implying that the firm did not buy or sell any bitcoin in the three months ended September. The holding was valued at $184 million at the end of the third quarter and has remained unchanged for the fifth consecutive quarter. Tesla still has the third largest bitcoin holdings for a public company estimated to be 9,720 bitcoin.

The firm, led by crypto propounder Elon Musk, invested $1.5 billion in bitcoin in February 2021, reportedly accumulating around 43,000 tokens. In the same month, Tesla said it would begin accepting bitcoin as a form of payment. The company, however, walked back on its intentions in the subsequent months. It sold 4,320 bitcoin in the first quarter of 2021 and liquidated 75% of the remaining balance at a hefty loss last year. Tesla reported a net income of $1.85 billion for the July-September quarter, registering a 44 percent decline from a year earlier, with earnings per share falling to 53 cents from 95 cents. Shares of Tesla were down 4.78% at $242.68 on Wednesday.

JPMorgan expects spot bitcoin ETF approvals to come 'within months'

The Securities and Exchange Commission will likely approve multiple spot bitcoin exchange-traded fund applications soon, given it did not appeal a recent ruling in the case brought against it by Grayscale Investments, according to JPMorgan. "The timing of spot bitcoin ETF approvals remains unclear but should happen within months and most likely before Jan. 10, 2024, the final deadline of Ark Invest and 21Shares applications," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday.

Given that spot bitcoin ETF approval for GBTC now appears more likely, Grayscale will likely face pressure to lower the product's fees, according to the JPMorgan analysts. GBTC's discount to net asset value will also likely disappear due to the share redemption/creation arbitrage mechanism in an ETF structure, they added. "The Grayscale Bitcoin Trust is the largest bitcoin fund in the world with $17.7 billion of AUM [assets under management], and upon conversion to ETF, the discount would likely disappear, implying a $2 billion benefit to investors," they noted. The GBTC discount has been narrowing since Grayscale's court victory last month. It currently stands at around -13%, well improved from the extreme discount of close to -50% .

Ripple Joins Forces With Uphold to Improve Cross-Border Crypto Payments Liquidity

Ripple announced Tuesday that it has formed a new partnership with Uphold, a multi-asset digital currency platform that operates in over 184 countries, offering access to over 200 crypto and fiat currencies. Uphold CEO Simon McLoughlin explained that his company’s platform “features a fully automated, high-frequency trading stack” that is connected to 30 underlying trading venues. This allows Uphold to “offer deep liquidity, multiple execution paths for transactions, and exceptionally tight spreads,” he said.

Ripple’s head of payments, Pegah Soltani, commented: “Our new partnership with Uphold enables us to enhance our underlying infrastructure and Uphold’s deep liquidity expertise further underpins Ripple’s ability to offer fast and flexible cross-border payments around the world.” The crypto firm recently celebrated its victory against the U.S. Securities and Exchange Commission (SEC). Last week, the securities regulator dropped its lawsuit against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. On July 13, District Judge Analisa Torres partially ruled in favor of Ripple regarding XRP. The SEC sought to appeal the decision but Judge Torres rejected the regulator’s bid for an interlocutory appeal.

DYdX Chain officially launches on mainnet as standalone Cosmos Layer 1

The "alpha mainnet" for dYdX version 4, along with the debut of its standalone Cosmos-based blockchain, was released today, signaling a notable transition for the leading decentralized derivatives platform. At 1 p.m. EST today, dYdX Chain validators created the genesis block of the dYdX Chain. The activation of the dYdX alpha mainnet marks the first phase in transitioning to dYdX version 4 and its new, community-governed Layer 1 blockchain. The transition incorporated developments across multiple testnets during this year.

"After years of development, 5 testnets involving 60+ validators and top tier trading firms, the dYdX Chain has been officially launched by the community and DAO," Charles d’Haussy, CEO of the dYdX Foundation, told The Block. "This marks a monumental leap forward for the dYdX Ecosystem representing a new chapter that’s defined by full decentralization.". At this alpha stage, the mainnet aims primarily to stress-test the network. It's in the process of onboarding over 60 validators to ensure network security. A subsequent beta launch is planned, pending approval from a community governance vote, that will eventually enable trading on the network.

Bitcoin Shows No Signs of Overheating, Despite Doubling This Year: Analysis

Bitcoin (BTC), the leading cryptocurrency by market value, has doubled this year to over $34,000. Still, the market shows no signs of overheating, a positive sign for traders anticipating unabated gains, according to blockchain analytics firm IntoTheBlock. The firm’s view is based on an on-chain indicator called the market value to realized value (MVRV) ratio, which measures the spread between bitcoin’s market capitalization and realized capitalization. The ratio currently stands at 170% or significantly lower than the 300% threshold, historically marking major market tops.

"The bitcoin market value to realized value (MVRV) ratio shows that despite reaching yearly highs, bitcoin is not as overheated yet as during previous bull markets," blockchain analytics firm IntoTheBlock said in the weekly newsletter. “Historically, bitcoin bull markets have peaked around 300%+ MVRV, which, in comparison to the current 150% value, suggests the bull market has room to run further,” IntoTheBlock added. Market capitalization refers to the total dollar value of the supply in circulation, as calculated by the daily average price across major exchanges. The realized value, considered a relatively better gauge of fair value, approximates the value paid for all existing coins by adding the market value of coins when they change hands through an on-chain transaction.

OKX Wallet Integrates with Trait Sniper, Unlocking New NFT Frontiers

— Seamless Integration for NFT Adventures

The process to unlock the potential of Trait Sniper through the OKX Wallet is simple and user-friendly. To get started, users only need to download the OKX Wallet web extension, which is readily available as an add-on for popular browsers like Chrome and Firefox. From there, users can either create a new OKX Wallet or add an existing one to begin their NFT adventure. Once their wallet is set up, connecting OKX Wallet to Trait Sniper is done via the web extension, making the entire process seamless and hassle-free. The collaboration between the two platforms aims to offer users unparalleled access to a diverse range of NFT solutions.

OKX Wallet has been making waves in the crypto space, boasting an extensive suite of products to cater to both beginners and experienced crypto enthusiasts. As a universal crypto wallet, it supports over 3,000 cryptocurrencies and more than 60 networks. Additionally, OKX Wallet provides access to thousands of DApps and boasts a one-stop decentralized NFT Marketplace, eliminating the need for users to navigate between multiple platforms.

Recent news from OKX Wallet revealed that the platform is now open source, marking a significant step in fostering transparency and community collaboration within the crypto ecosystem. The global technology giant, OKX, continues to drive the future of Web3 by partnering with top brands and high-profile athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

The collaboration between OKX Wallet and Trait Sniper stands as a testament to the rapid evolution of the NFT market. By combining the expertise of both platforms, users can now access advanced analytics and robust trading capabilities, enhancing their NFT experience and empowering them to make more informed decisions in this dynamic and fast-growing sector.

Crypto lawyer John Deaton believes Ripple has 90% chance of winning SEC lawsuit

Well-known cryptocurrency attorney John Deaton believes that the SEC only has a 10% chance of winning its dispute with Ripple, with 90% odds in the company’s favor. Deaton said that a settlement of $20 million or less would represent a significant legal triumph for Ripple, The lawsuit, which the SEC initiated against Ripple Labs in December 2020, alleged that the company conducted an unregistered securities offering by selling its native token XRP.

Deaton’s recent comments were prompted by a post from Ripple’s Chief Legal Officer Stuart Alderoty, who highlighted that the SEC faced a recent defeat in the case of the SEC versus Govil, where the U.S. Court of Appeals for the Second Circuit ruled that the SEC cannot request a substantial disgorgement award without first demonstrating actual financial harm to investors. Deaton strongly refuted the idea that the lawsuit’s outcome was an even 50/50 for the SEC, contending that it’s closer to a 90/10 advantage in favor of Ripple. His assessment resonates with the sentiment in the cryptocurrency community, which generally views a suggested $20 million settlement as a favorable resolution for Ripple.

Robert Kiyosaki Breaks Down Rich Dad's First Lesson — Says Bitcoin Provides 'Lifelong Financial Security and Freedom'

The author of Rich Dad Poor Dad, Robert Kiyosaki, explained the core concept of Rich Dad’s first lesson in a post on social media platform X on Thursday. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

“Rich Dad’s Lesson #1 ‘The rich don’t work for $,'” Kiyosaki began. “Why? Because our wealth is designed to be stolen from our fake money via taxes and inflation and the stock market.” He elaborated: “Instead, the rich work for assets that put tax-free money in their pocket, cash flow assets, such as rental properties, oil, food production.” Kiyosaki also explained why the poor and middle class get poorer. He described: “The poor and middle class want jobs that promise a steady paycheck but offer no job security. Even worse, the poor and middle class work at jobs that pay taxable fake $ income.” He added: “And then they save fake $, then invest in stocks, bonds, mutual funds, and ETFs [exchange-traded funds] which are crashing as I write this text.”