Paradigm-backed Symbiotic unveils restaking protocol
Restaking protocol Symbiotic officially launched yesterday and announced it raised $5.8 million in funding from Paradigm and cyber.Fund to further its development.
The protocol enables user deposits to secure third-party networks using a shared security model in competition with Ethereum’s first restaking protocol EigenLayer.
Depositors in Symbiotic will accrue rewards for contributing to the security of third-party networks. The protocol boasts a flexible and configurable modular design that supports any mix of tokens as restaked collateral and allows customizable slashing and reward mechanisms.
#NekoNews @OriNeko
Restaking protocol Symbiotic officially launched yesterday and announced it raised $5.8 million in funding from Paradigm and cyber.Fund to further its development.
The protocol enables user deposits to secure third-party networks using a shared security model in competition with Ethereum’s first restaking protocol EigenLayer.
Depositors in Symbiotic will accrue rewards for contributing to the security of third-party networks. The protocol boasts a flexible and configurable modular design that supports any mix of tokens as restaked collateral and allows customizable slashing and reward mechanisms.
#NekoNews @OriNeko
Delay Announced: Fetch.AI, SingularityNET, Ocean Protocol Merger Pushed to July
In a June 11 statement, ASI confirmed that it would delay the merger to July 15, 2024. According to the alliance, the preparation phase for the token merger involves managing complex integrations and coordinating with exchanges, validators, and other ecosystem collaborators. Ensuring all these components align seamlessly requires meticulous planning and execution.
Hence, the alliance believes the delay is a strategic decision to maintain the standards of accuracy and efficiency in the merger process. Humayun Sheikh, CEO of Fetch.ai and chairman of the Artificial Superintelligence Alliance, emphasized that the delay does not impact the alliance’s progress toward creating a decentralized superintelligence network.
#NekoNews @OriNeko
In a June 11 statement, ASI confirmed that it would delay the merger to July 15, 2024. According to the alliance, the preparation phase for the token merger involves managing complex integrations and coordinating with exchanges, validators, and other ecosystem collaborators. Ensuring all these components align seamlessly requires meticulous planning and execution.
Hence, the alliance believes the delay is a strategic decision to maintain the standards of accuracy and efficiency in the merger process. Humayun Sheikh, CEO of Fetch.ai and chairman of the Artificial Superintelligence Alliance, emphasized that the delay does not impact the alliance’s progress toward creating a decentralized superintelligence network.
#NekoNews @OriNeko
Ripple to use Axelar as bridge protocol for EVM sidechain
XRP Ledger, the blockchain network backed by the payments firm Ripple, revealed the official name of its upcoming sidechain, calling it the “XRPL EVM sidechain,” and stated that it would launch with Axelar serving as the exclusive bridge protocol.
The interoperability platform Axelar will allow users to swap their XRP into wrapped XRP (eXRP), which will also be used as the native token for gas fees on the sidechain
📈 Neko Forecasting $XRP for short-term correction and bounce from current marked demand zone for buy position.
#NekoChart @OriNeko
XRP Ledger, the blockchain network backed by the payments firm Ripple, revealed the official name of its upcoming sidechain, calling it the “XRPL EVM sidechain,” and stated that it would launch with Axelar serving as the exclusive bridge protocol.
The interoperability platform Axelar will allow users to swap their XRP into wrapped XRP (eXRP), which will also be used as the native token for gas fees on the sidechain
#NekoChart @OriNeko
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Top 10 Projects on Scroll by 30D TVL Growth
Pencils Protocol +1,478%
Tokan Exchange +942%
Nuri Exchange +398%
Tranchess Yield +81.4%
AAVE V3 +78.9%
LayerBank +61.8%
Uniswap V3 +54.4%
Sushi +23.0%
DODO +13.1%
iZiSwap +12.8%
#NekoNews @OriNeko
Pencils Protocol +1,478%
Tokan Exchange +942%
Nuri Exchange +398%
Tranchess Yield +81.4%
AAVE V3 +78.9%
LayerBank +61.8%
Uniswap V3 +54.4%
Sushi +23.0%
DODO +13.1%
iZiSwap +12.8%
#NekoNews @OriNeko
Conflux Token to Undergo Testnet Hard Fork on June 13th
Conflux Token is set to introduce a new hardfork upgrade, version v.2.4.0-testnet. This upgrade is expected to be implemented on June 13th. All nodes are required to upgrade before the epoch number reaches 175600000. Refer to the official tweet by CFX
📈 Neko Forecasting $CFX for short-term correction and bounce from current marked demand zone for buy position.
#NekoChart @OriNeko
Conflux Token is set to introduce a new hardfork upgrade, version v.2.4.0-testnet. This upgrade is expected to be implemented on June 13th. All nodes are required to upgrade before the epoch number reaches 175600000. Refer to the official tweet by CFX
#NekoChart @OriNeko
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Curve Founder Michael Egorov Risks Liquidation: CRV Drops 35%
Michael Egorov, the founder of Curve Finance, is currently grappling with the liquidation of loans secured by CRV token collateral following a sharp 28% drop in CRV's price in just one day.
Currently, Egorov holds $20.6 million in debt across four DeFi platforms: (Inverse, UwU Lend, Fraxlend, and LlamaLend) backed by 111.87 million CRV tokens (nearly $28 million). His position on Inverse now has a health ratio of 1.07, with the liquidation threshold of 1. Additionally, Egorov has reportedly started repaying the borrowed DOLA stablecoins.
#NekoNews @OriNeko
Michael Egorov, the founder of Curve Finance, is currently grappling with the liquidation of loans secured by CRV token collateral following a sharp 28% drop in CRV's price in just one day.
Currently, Egorov holds $20.6 million in debt across four DeFi platforms: (Inverse, UwU Lend, Fraxlend, and LlamaLend) backed by 111.87 million CRV tokens (nearly $28 million). His position on Inverse now has a health ratio of 1.07, with the liquidation threshold of 1. Additionally, Egorov has reportedly started repaying the borrowed DOLA stablecoins.
#NekoNews @OriNeko
Paradigm raises $850M for third crypto fund
Venture capital firm Paradigm has closed a third fund to invest in crypto and blockchain-based projects at an early stage.
According to an announcement on June 13, the VC firm has completed an $850 million investment fund, making it one of the largest crypto fund raises in history. Paradigm has been discussing the new fund for the past few months following the rebound in crypto markets.
#NekoNews @OriNeko
Venture capital firm Paradigm has closed a third fund to invest in crypto and blockchain-based projects at an early stage.
According to an announcement on June 13, the VC firm has completed an $850 million investment fund, making it one of the largest crypto fund raises in history. Paradigm has been discussing the new fund for the past few months following the rebound in crypto markets.
#NekoNews @OriNeko
Chiliz to Undergo Hard Fork on June
Chiliz has announced that the Dragon8 hard fork is scheduled to occur on June 17th at 08:00 UTC. Refer to the official tweet by CHZ
📈 Neko Forecasting $CHZ for short-term correction and bounce from current marked demand zone for buy position.
#NekoChart @OriNeko
Chiliz has announced that the Dragon8 hard fork is scheduled to occur on June 17th at 08:00 UTC. Refer to the official tweet by CHZ
#NekoChart @OriNeko
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Holograph fell 80% in 9 hours after exploiter mints 1B additional HLG
Blockchain tokenization platform Holograph’s native token fell as much as 79.4% after a malicious actor hacked the protocol’s operator contract and minted 1 billion HLG tokens worth $14.4 million.
Holograph’s X account confirmed the hack on June 14. It revealed that it has since patched up the initial exploit and is working with cryptocurrency exchange partners to freeze the malicious actor’s accounts.
#NekoNews @OriNeko
Blockchain tokenization platform Holograph’s native token fell as much as 79.4% after a malicious actor hacked the protocol’s operator contract and minted 1 billion HLG tokens worth $14.4 million.
Holograph’s X account confirmed the hack on June 14. It revealed that it has since patched up the initial exploit and is working with cryptocurrency exchange partners to freeze the malicious actor’s accounts.
#NekoNews @OriNeko
MANTRA to Participate in Innovation Day in Cannes on June
MANTRA’s CEO and co-founder is scheduled to speak at the Joker Odyssey Joker Club by Partouche on Innovation Day. The event, which is part of Cannes Lions 2024, will take place in Cannes on June 18th. The CEO will discuss the tokenization of RWAs and how MANTRA is bringing finance on-chain. Refer to the official tweet by OM
📈 Neko Forecasting $OM for short-term correction and bounce from current marked demand zone for buy position.
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MANTRA’s CEO and co-founder is scheduled to speak at the Joker Odyssey Joker Club by Partouche on Innovation Day. The event, which is part of Cannes Lions 2024, will take place in Cannes on June 18th. The CEO will discuss the tokenization of RWAs and how MANTRA is bringing finance on-chain. Refer to the official tweet by OM
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Stellar to Participate in Ethereum Community Conference in Brussels on July
Stellar will participate in the Ethereum Community Conference in Brussels on July 10th. The event will feature tech talks and networking opportunities. Refer to the official tweet by XLM
📈 Neko Forecasting $XLM for short-term correction and bounce from current marked demand zone for buy position.
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Stellar will participate in the Ethereum Community Conference in Brussels on July 10th. The event will feature tech talks and networking opportunities. Refer to the official tweet by XLM
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Top 10 GameFi Coins by Fully Diluted Valuation
Ronin - $2.65B
BinaryX - $2.31B
Notcoin - $2.09B
Axie Infinity - $1.87B
Pixels - $1.85B
Gala - $1.72B
XAI - $1.52B
Matr1x FIRE - $1.44B
Beam - $1.26B
Echelon Prime - $1.21B
👉 https://cryptorank.io/categories/gamefi
Ronin - $2.65B
BinaryX - $2.31B
Notcoin - $2.09B
Axie Infinity - $1.87B
Pixels - $1.85B
Gala - $1.72B
XAI - $1.52B
Matr1x FIRE - $1.44B
Beam - $1.26B
Echelon Prime - $1.21B
👉 https://cryptorank.io/categories/gamefi
