🚀 Skate Launches On TON Network, Expands Multi-Chain Capabilities
#Skate #TONNetwork #MultiChain #EVM #NonEVM #ApplicationDevelopment #BlockchainIntegration #Solana #Eclipse
According to Odaily, Skate has officially launched on the TON network. Skate's stateless application infrastructure allows applications to run in a single state across both EVM and non-EVM chains simultaneously. This feature enables developers to build applications on Skate without being restricted by virtual machines, making it compatible with all chains.
Skate has announced that users who try the new TON integration will receive additional Ollies points. Furthermore, Skate plans to integrate with Solana and Eclipse in the near future.#Skate #TONNetwork #MultiChain #EVM #NonEVM #ApplicationDevelopment #BlockchainIntegration #Solana #Eclipse
🚀 WOO Locks $45 Million Tokens, Signaling New Era of Decentralized Treasury Management
#WOO #DeFi #DecentralizedFinance #TreasuryManagement #TokenEconomics #CommunityGovernance #Transparency #Cryptocurrency #MarketConfidence
According to Odaily, WOO ecosystem has announced the locking of $45 million worth of undistributed WOO tokens in its treasury. This move marks the official end of the WOO token supply phase and heralds a new era of decentralized treasury management. The decision to lock all reserved tokens aims to ensure that token releases are tied to the project's actual performance and community governance levels, thereby avoiding potential inflation risks and boosting market confidence.
The new token economic structure reflects WOO's commitment to transparency and decentralization, ensuring that all future developments and decisions will involve active community participation. This initiative lays a solid foundation for WOO's continued growth and innovation.#WOO #DeFi #DecentralizedFinance #TreasuryManagement #TokenEconomics #CommunityGovernance #Transparency #Cryptocurrency #MarketConfidence
🚀 Everclear Launches L2 Re-Staking Service With Significant Growth
#Everclear #ReStaking #Blockchain #Layer2 #ETH #ChainAbstraction #TotalValueLocked #GasFees #DeFi #Crypto #REZ
According to BlockBeats, on September 4, blockchain interoperability platform Everclear, formerly known as Connext, announced the launch of Renzo's L2 re-staking service based on its chain abstraction technology. The service has already achieved significant milestones, including over $1 billion in Total Value Locked (TVL), a tenfold increase in unique externally owned account (EOA) addresses, and a 90% reduction in gas fees.
Everclear's solution allows Renzo users to re-stake ETH directly on Layer 2 (L2), thereby retaining liquidity within the L2 ecosystem. This eliminates the need for users to bridge back to the mainnet, avoiding high gas fees and enhancing the overall user experience.#Everclear #ReStaking #Blockchain #Layer2 #ETH #ChainAbstraction #TotalValueLocked #GasFees #DeFi #Crypto #REZ
🚀 Ripple CEO Predicts SEC Chair Departure Regardless Of 2024 Election Outcome
#Ripple #SEC #GaryGensler #BradGarlinghouse #cryptocurrency #2024Election #bipartisan #technology #legalbattle
According to BlockBeats, Ripple Labs CEO Brad Garlinghouse has made a bold prediction that regardless of the outcome of the 2024 U.S. presidential election, SEC Chairman Gary Gensler will step down. Garlinghouse expressed his willingness to make a 'gentleman's bet' that Gensler's term will not continue, no matter who takes office in the White House.
Since 2020, Ripple has been embroiled in a legal battle with the SEC. In the context of the upcoming November election, Garlinghouse discussed U.S. cryptocurrency policy, emphasizing that technology should bridge political divides. He anticipates that as the election progresses, technology will foster bipartisan cooperation. He noted that while Republicans have taken a more proactive stance on cryptocurrency, several key Democrats also view these technologies as crucial for maintaining America's leadership in the tech sector.#Ripple #SEC #GaryGensler #BradGarlinghouse #cryptocurrency #2024Election #bipartisan #technology #legalbattle
🚀 Spacecoin Plans to Launch Nano Satellites for High-Speed Internet in Underserved Areas
#Spacecoin #NanoSatellites #HighSpeedInternet #UnderservedAreas #DePIN #Blockchain #DataTransmission #Cryptocurrency #5GNetwork #DigitalDivide
According to Odaily, the DePIN project Spacecoin aims to provide high-speed internet services to underdeveloped regions by launching nano satellites. The initiative has garnered support from U.S. military generals, lunar scientists, NASA astronauts, and blockchain industry experts. Spacecoin intends to use blockchain technology to manage data transmission, allowing users to pay network fees with cryptocurrency. The first satellite, CTC-0, is scheduled for launch in the fourth quarter of 2024. The project's goal is to establish a global 5G network at a lower cost, thereby helping to bridge the digital divide.#Spacecoin #NanoSatellites #HighSpeedInternet #UnderservedAreas #DePIN #Blockchain #DataTransmission #Cryptocurrency #5GNetwork #DigitalDivide
🚀 PinGo To Launch Free NFT Minting Event For Prime Punny Series
#PinGo #NFT #PrimePunny #minting #TON #cryptocurrency #blockchain #whitelist
According to Foresight News, TON ecosystem's DePIN and AI computing project PinGo will open the free minting of its NFT series, Prime Punny, on September 4 at 22:00 (UTC+8). Whitelisted users will be able to participate in this event. The total supply of the Prime Punny NFT series is 10,000, with 500 slots available in this round to incentivize ecosystem participants. Users can interact with the Telegram PinGo Punny mini-program to obtain PUNNY and whitelist qualifications.#PinGo #NFT #PrimePunny #minting #TON #cryptocurrency #blockchain #whitelist
🚀 BNB Drops Below 500 USDT with a 6.42% Decrease in 24 Hours
#BNB #Bitcoin #cryptocurrency #Binance #USDT #marketdata #trading #pricechange
On Sep 04, 2024, 10:19 AM(UTC). According to Binance Market Data, BNB has dropped below 500 USDT and is now trading at 498.600006 USDT, with a narrowed 6.42% decrease in 24 hours.#BNB #Bitcoin #cryptocurrency #Binance #USDT #marketdata #trading #pricechange
🚀 Tether Partners With Mahidol University International College To Enhance Financial Education
#Tether #MahidolUniversity #financialeducation #stablecoins #blockchain #P2P #collaboration #education
According to Foresight News, Tether, the issuer of USDT, has announced a memorandum of understanding (MoU) with Mahidol University International College (MUIC) in Thailand. This collaboration aims to integrate stablecoins, blockchain, and peer-to-peer (P2P) technologies into MUIC's curriculum. The initiative will include workshops, guest lectures, and research projects to bolster financial education and community engagement.#Tether #MahidolUniversity #financialeducation #stablecoins #blockchain #P2P #collaboration #education
🚀 BNB Falls Below 500 USDT With 6.66% Drop in 24 Hours
#BNB #USDT #cryptocurrency #marketdata #decline
According to Odaily, market data indicates that BNB has fallen below 500 USDT. The current price stands at 498 USDT, marking a 6.66% decline over the past 24 hours.#BNB #USDT #cryptocurrency #marketdata #decline
🚀 Grayscale Research Highlights Bitcoin's Potential Amid Weak Dollar And Low Interest Rates
#GrayscaleResearch #Bitcoin #WeakDollar #LowInterestRates #AlternativeCurrency #RecessionRisks #Investors #EconomicDownturn #MonetaryPolicy #FiscalPolicy #BTC
According to Odaily, Grayscale Research recently stated that a weakening dollar and continued low interest rates could benefit Bitcoin. Similar to physical gold, Bitcoin serves as an alternative currency system competing with the dollar in the international market. The research team also noted that the primary downside risk for cryptocurrency valuations is a further rise in unemployment and a potential recession. Therefore, investors should closely monitor upcoming labor market data, including the next monthly employment report scheduled for release on September 6.
Despite the recession risks, Grayscale Research believes that there is little tolerance for a significant economic downturn. Policymakers are likely to intervene at the first signs of trouble by injecting liquidity and promoting consumption. The lack of discipline in monetary and fiscal policies is one reason some investors choose to invest in Bitcoin. Consequently, periods of economic weakness may further highlight Bitcoin's long-term investment value.#GrayscaleResearch #Bitcoin #WeakDollar #LowInterestRates #AlternativeCurrency #RecessionRisks #Investors #EconomicDownturn #MonetaryPolicy #FiscalPolicy #BTC
🚀 Victim Loses $397,831 Due To Phishing Signature Scam
#PhishingScam #CryptoScam #OwnershipFraud #DSProxy #FinancialLoss #CyberSecurity #ScamAlert #Cryptocurrency
According to Odaily, a victim has lost $397,831 after signing a 'setOwner' phishing signature that altered the ownership of their DSProxy. ScamSniffer reported this incident on platform X, highlighting the significant financial impact of such scams.
In a previous report by ScamSniffer in August, it was revealed that crypto phishing scams resulted in losses amounting to $63 million during the month. Among these incidents, one victim suffered a staggering loss of up to $55 million due to a proxy ownership scam. This underscores the growing threat and sophistication of phishing attacks in the cryptocurrency space.#PhishingScam #CryptoScam #OwnershipFraud #DSProxy #FinancialLoss #CyberSecurity #ScamAlert #Cryptocurrency
🚀 Mysten Labs Develops Offline Crypto Transactions Using Radio Waves
#MystenLabs #CryptoTransactions #RadioWaves #SuiBlockchain #IoT #DePIN #ChipWireless #Africa #SUI
According to Odaily, Mysten Labs co-founder Adeniyi Abiodun revealed in an interview with Cointelegraph that the company has completed research on enabling offline crypto transactions using radio waves. This innovation allows the Sui blockchain to transmit transactions using underwater waves and long-distance radio, and even compress transactions into smaller text messages. Abiodun stated that Sui has already tested this method and found it effective. The current focus is on integrating this technology into Internet of Things (IoT) devices, which could also benefit decentralized physical infrastructure (DePIN) projects. Sui is collaborating with Canadian mobile service provider Chip Wireless to test these ideas and is considering expanding to target markets such as Africa.#MystenLabs #CryptoTransactions #RadioWaves #SuiBlockchain #IoT #DePIN #ChipWireless #Africa #SUI
🚀 MetaMask Introduces Enhanced Token Management Features
#MetaMask #TokenManagement #Crypto #FinancialData #Blockchain
According to Foresight News, MetaMask has announced the introduction of two new token management features in its plugin. The enhancements include displaying the 24-hour percentage change of tokens and providing detailed financial data within the token details. These features are expected to be available on the mobile version soon.#MetaMask #TokenManagement #Crypto #FinancialData #Blockchain
🚀 🔥 QCP Capital: Volatility Momentum Indicators for Bitcoin and Ethereum Trigger Alerts 🔥
#QCPcapital #Bitcoin #Ethereum #VolatilityMomentum #Cryptocurrency #InvestmentStrategy #OptionsTrading #MarketVolatility
QCP Capital has issued a report stating that the Volatility Momentum Index (VMI) for both Bitcoin (BTC) and Ethereum (ETH) has triggered an alert, signalling the potential for high volatility shortly.While the indicator does not specify whether prices will move upward or downward, it points to the likelihood of large price fluctuations. Based on historical data, QCP Capital suggests that investors shift from income-generating strategies to convex strategies, such as buying options, to better optimize their portfolio returns during this anticipated period of increased market volatility.The alert serves as a warning to investors to prepare for significant movements in the cryptocurrency market in the coming days or weeks.#QCPcapital #Bitcoin #Ethereum #VolatilityMomentum #Cryptocurrency #InvestmentStrategy #OptionsTrading #MarketVolatility
🚀 🔥 Dollar Declines Ahead of U.S. Employment Data 🔥
#Dollar #EmploymentData #FederalReserve #InterestRates #MarketSentiment #Investors #CurrencyFluctuations
The U.S. dollar fell ahead of the release of key employment data, which could impact the Federal Reserve's rate cut expectations. Antje Praefcke, a foreign exchange analyst at Commerzbank, noted that the dollar may experience fluctuations on Wednesday and Thursday as investors hold back from taking significant positions ahead of Friday’s jobs report.Praefcke emphasized the importance of the August employment data, especially following July’s report, which raised speculation about the potential for a larger rate cut. Investors are now eagerly awaiting Friday’s report, which could be decisive in shaping market sentiment and the Fed’s next moves on interest rates.#Dollar #EmploymentData #FederalReserve #InterestRates #MarketSentiment #Investors #CurrencyFluctuations
🚀 India Leads In Content Creators On The Sandbox Metaverse Platform
#India #ContentCreators #TheSandbox #Metaverse #SebastienBorget #DigitalCommunity #UserGrowth #SAND
According to Odaily, India currently boasts over 66,000 content creators on the Metaverse platform The Sandbox, surpassing any other country. Additionally, the number of users in India has doubled, reaching 350,000. Co-founder Sebastien Borget revealed that the platform announced plans focused on India in December, with the current goal of attracting 1 million users within two years.#India #ContentCreators #TheSandbox #Metaverse #SebastienBorget #DigitalCommunity #UserGrowth #SAND
🚀 Zurich Cantonal Bank Introduces Bitcoin And Crypto Products
#ZurichCantonalBank #Bitcoin #Cryptocurrency #DigitalAssets #SwissFinance #BTC
According to Odaily, Zurich Cantonal Bank, with a market capitalization of $290 billion, has launched Bitcoin and cryptocurrency products. This move marks a significant step for the Swiss financial institution as it ventures into the digital asset space.#ZurichCantonalBank #Bitcoin #Cryptocurrency #DigitalAssets #SwissFinance #BTC
🚀 Fed Chair Powell Signals Shift From Inflation Fight To Job Protection
#FederalReserve #JeromePowell #InterestRates #JobProtection #Inflation #LaborMarket #EconomicSymposium #RateCuts #Traders
According to Odaily, during the recent Jackson Hole Economic Symposium, Federal Reserve Chair Jerome Powell indicated a shift in the central bank's primary focus from combating inflation to safeguarding employment. Powell stated that further cooling of the labor market would be 'unwelcome.' Notably, he refrained from using the term 'gradual' to describe the pace of future rate cuts, leading some investors to speculate that this opens the door for more rapid rate reductions.
Traders now anticipate that the Federal Reserve will cut interest rates by a full percentage point by the end of this year. This expectation suggests that one of the remaining three meetings in 2024 will see a 50 basis point rate cut.#FederalReserve #JeromePowell #InterestRates #JobProtection #Inflation #LaborMarket #EconomicSymposium #RateCuts #Traders
🚀 Andreessen Horowitz Closes Miami Office Amid Cryptocurrency Market Downturn
#AndreessenHorowitz #MiamiOffice #Cryptocurrency #MarketDownturn #OfficeClosure
According to Foresight News, Bloomberg reports that Andreessen Horowitz has closed its Miami office due to the ongoing slump in the cryptocurrency market. This decision comes two years after the firm initially opened the office in the Miami area. The closure was attributed to the low frequency of employee usage of the office space. A representative from Andreessen Horowitz confirmed that the company no longer maintains an office in Miami but declined to provide further comments.#AndreessenHorowitz #MiamiOffice #Cryptocurrency #MarketDownturn #OfficeClosure
🚀 The Sandbox Launches Voxel Games Initiative Post-Gamescom
#TheSandbox #VoxelGames #AnimocaBrands #Gamescom #Metaverse #IndieGames #GameDevelopment #FRAGGames #TheDevhouseAgency #SAND
According to Foresight News, Animoca Brands' immersive metaverse platform, The Sandbox, has announced the launch of its new Voxel Games initiative following the Gamescom conference in Cologne. The Voxel Games initiative aims to collaborate with independent developers and studios to create games in The Sandbox's voxel style. This program will allow independent studios to use their preferred underlying technology and game engines for development. Initial studio partners include FRAG Games and The Devhouse Agency, with more partners expected to be announced in the coming months.#TheSandbox #VoxelGames #AnimocaBrands #Gamescom #Metaverse #IndieGames #GameDevelopment #FRAGGames #TheDevhouseAgency #SAND