Restaking and Earning on It

What is Restaking?

Restaking is the ability to reuse ETH in the Ethereum mainnet or in liquid staking pools as wrapped tokens on platforms that implement the EigenLayer protocol. The received tokens can be used to verify the security of third-party networks outside the EVM.

In April 2023, Ethereum developers released the Shapella update, which included several changes to the network consensus. The most important of these was the ability to withdraw locked coins from the Beacon Chain deposit contract, which led to an influx of liquidity into the market. The updated Proof-of-Stake algorithm provided passive income similar to…

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Dormant Wallets Could Pressure Bitcoin

According to data provided by the analytics platform CryptoQuant, wallets that have been inactive for several years could put pressure on the price of Bitcoin. These wallets, known as “dormant wallets,” hold a significant amount of cryptocurrency, and their possible activation is causing concern among traders and analysts.

Recently, analysts recorded significant redistribution of Bitcoins between cold addresses that had been inactive for 3-7 years. This movement includes two large batches of Bitcoins: the first batch contains 16,011 BTC, and the second one contains 14,558 BTC. Such a transfer of funds raises questions about the intentions of the owners…

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Regenerative Finance (ReFi)

What is ReFi?

Regenerative finance (ReFi) is a branch of decentralized finance (DeFi) that creates comprehensive economic models combining material rewards with positive environmental and social impacts.

The goal of ReFi is to support the growth of a regenerative economy with a focus on ecological sustainability, social welfare, and resource sustainability. ReFi also promotes cooperation on global issues such as climate change and biodiversity loss.

The core principles of ReFi were proposed by John Fullerton of the Capital Institute in 2015. ReFi aligns with circular economy principles, as both focus on resource renewal and clean energy.

Traditional economic systems…

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Senator Tim Scott and Republican Support for Cryptocurrencies

U.S. Senator Tim Scott (R-SC), the leading Republican on the Senate Banking Committee, stated at Bitcoin 2024 that the government should “make it easier” for cryptocurrency innovation in the U.S. Such a statement is becoming increasingly typical among Republicans; however, Scott had been relatively silent on cryptocurrency issues until now.

Speaking at Bitcoin 2024 in Nashville, Tennessee, Scott emphasized the merits of digital assets and expressed hope for further development of the cryptocurrency sector in the U.S. If Republicans gain a majority in the Senate in the upcoming elections, Scott could become the chair of the committee that regulates…

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Real World Assets (RWA)

What are RWAs?

Real World Assets (RWA) is a term that refers to the market of real-world assets issued as tokens on the blockchain. RWAs include real estate, ownership rights, artworks, jewelry, metals, and traditional financial instruments in capital markets. The concept involves tokenizing existing assets to transfer their value into decentralized financial applications, reduce costs, and increase the efficiency of asset management in traditional markets.

What falls under RWAs?

The RWA market is still in its early stages but has already segmented into various categories of projects related to tokenized real-world assets.

1. Centralized Stablecoins: Popular coins…

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Stablecoin Supply

The launch of PayPal’s stablecoin took place on August 8, 2023. Although initially, PYUSD did not make a significant impression, its supply recently exceeded $500 million.

This stablecoin was initially issued on the Ethereum blockchain and is now also available on the Solana blockchain. The market capitalization of PYUSD exceeds $598 million, but its share in transactions remains modest.

Analysts predict that this stablecoin will become more attractive to investors in the future. Currently, the monthly turnover on Solana is about $1 billion.

Researchers note a growing interest from institutional investors in PYUSD, who use it for capital transfers.

According to IntoTheBlock, over the past 7 days, the transaction volume for amounts over $100,000 has approached $500 million, indicating increased interest in PayPal’s stablecoin.

Edward Snowden on Bitcoin Privacy Issues

At the annual Bitcoin 2024 conference in Nashville, former NSA and CIA employee Edward Snowden urged American voters to remain critical and not trust politicians.

Snowden emphasized that political figures and parties have their own interests, so it is important to “cast your vote but not join the cult.”

He also expressed serious concerns about the privacy issues of the first cryptocurrency. Despite a common misconception, Bitcoin transactions are not completely anonymous and can be traced back to specific individuals.

“They know what you read, what you buy, whom you send [Bitcoin] to, whom you support politically, where…

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Apple Delays Launch of AI Features

Apple has postponed the launch of its AI features, Apple Intelligence, to October along with software updates. Bloomberg reports this, citing its sources.

The new AI-based tools will become available a few weeks after the scheduled release of iOS 18 and iPadOS 18 in September. Software developers will be able to use Apple Intelligence within the beta version of iOS 18.1 and iPadOS 18.1, which will be released this week.

This AI feature release strategy is unusual because Apple typically does not release a test version of the next update before the public release of the previous one.

On…

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‼️ Matr1x (MAX) token mining on OKX Jumpstart has begun!🔥

This means that a unique opportunity to get coins of the new project in the simplest steps is already available.

We remind you how it works:
Step 1. Transfer BTC and/or ETH tokens to your main account.
Step 2. Deposit BTC (maximum 0.3 BTC) and/or ETH (maximum 3.5 ETH) into staking in the OKX application in the Jumpstart > MAX section to participate in mining.
Step 3. Claim your tokens after mining is complete!

👉 On the last two Jumpstarts, it was possible to make 250-300 usd per account, with maximum staking.

📅 Only until 6:00 UTC August 5th

🔗 Download OKX app: https://www.okx.com/ru/download
🔗 Jumpstart event link: https://www.okx.com/ru/jumpstart/project/10115?channelid=67133486

#okx #okx-jumpstart #jumpstart #Matr1x #max

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Mempool Launches Bitcoin Transaction Acceleration Service

Mempool has introduced a new off-chain service for accelerating Bitcoin transactions through its partner mining pools. This service will be particularly useful during times of rapid fee changes.

The platform collaborates with Foundry USA Pool, MARA Pool, SBICrypto, SpiderPool, and Ocean Pool, which together account for approximately 40% of the network’s hash rate, according to the organization.

To confirm “stuck” transactions, users of Mempool Accelerator will need to pay an additional fee for mining and service.

How the Process Works:

1. Search for the transaction on mempool.space;
2. Select the acceleration option;
3. Pay with Bitcoin through the Lightning…

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