🚀 Decentralized Exchange SphereX to Participate in Aspecta's BuildKey Event

According to Foresight News, the decentralized exchange SphereX has announced its participation in Aspecta's BuildKey event on September 24. As part of this initiative, SphereX will offer 0.5% of its total platform token supply, HERE, to support the event. Users will have the opportunity to purchase SphereX Build Key using BNB before the Token Generation Event (TGE) and later exchange the Key for HERE tokens proportionally after the TGE.

SphereX operates as a decentralized multi-chain contract exchange utilizing an order book model. It supports deposits and withdrawals across various chains, including Blast, opBNB, and ZKLink.

#SphereX #Aspecta #BuildKey #decentralizedexchange #token #BNB #multi-chain #cryptocurrency

🚀 Masa And Autonomys Network Collaborate To Enhance AI Data Integration

According to Foresight News, decentralized AI data chain Masa has partnered with on-chain AI infrastructure Autonomys Network. The collaboration aims to introduce high-quality, real-time, multi-modal training data into various on-chain agents and applications within the Autonomys ecosystem. Developers will be able to access Masa's text datasets through Autonomys' Distributed Storage Network (DSN) to optimize AI agents and fine-tune large language models (LLMs). Audio and video datasets are currently under development. Additionally, AI agents will be able to obtain Masa's data streams via Autonomys' Nova EVM platform. Autonomys will also utilize Masa's real-time data streams to support its innovative AI agents and applications.

#Masa #AutonomysNetwork #AIdata #dataintegration #decentralizedAI #multi-modal #AIagents #languagemodels #DistributedStorageNetwork #real-timedata

🚀 NEAR Infrastructure Committee Reviews 2024 Achievements and Outlines 2025 Goals

According to PANews, NEAR's Infrastructure Committee (IC) has reviewed its achievements since its establishment in April 2024 and outlined its goals for 2025. In 2024, the IC approved 24 proposals out of 99 submissions, focusing on enhancing the NEAR ecosystem's infrastructure, including wallet development, decentralization of RPC services, and expansion of analytical tools.

Looking ahead to 2025, the IC plans to continue optimizing existing infrastructure and will form working groups to proactively drive ecosystem development. Regular Requests for Proposals (RFPs) will be issued. Key initiatives include improving wallet functionalities, such as integrating NEAR single sign-on with Solana applications, supporting chain abstraction infrastructure like multi-chain browsers, oracles, and Omnitoken support, and investing in decentralized AI infrastructure. These efforts aim to further enhance NEAR's interoperability and technological capabilities.

#NEAR #InfrastructureCommittee #2024Achievements #2025Goals #ecosystemdevelopment #walletdevelopment #decentralization #RPCservices #analyticaltools #multi-chainbrowsers #oracles #Omnitoken #decentralizedAI #interoperability #technologicalcapabilities #SOL

🚀 New Scam Technique on YouTube Targets Cryptocurrency Users

According to PANews, a new scam technique has been identified by security firm Kaspersky, gaining traction on YouTube. The scam involves a comment about transferring USDT from a Tron blockchain wallet holding over $8,000 in stablecoins. This is not a novice's mistake but a well-crafted trap.

The stablecoins are stored in a multi-signature wallet, requiring a fee for withdrawal. When scammers attempt to steal funds by sending TRX tokens, the tokens mysteriously vanish into another wallet controlled by the scammer. The bait wallet is set up as a multi-signature wallet, needing multiple approvals for transactions, preventing direct transfer of USDT to personal wallets. Kaspersky highlights that scammers pose as beginners, sharing wallet access to deceive naive thieves, who ultimately become victims themselves. This scam is not isolated, as multiple new accounts have posted similar comments and mentioned the same mnemonic phrase.

Due to low transaction fees on the blockchain, often under $10, such scams may primarily target those seeking illicit gains rather than sophisticated criminal activities aiming to steal large sums.

#scam #YouTube #cryptocurrency #USDT #Tron #blockchain #Kaspersky #scammers #multi-signature #stablecoins #cryptohemer #fraud #illicitgains #TRX

🚀 Avalanche Network Sees Reduced Fees and Increased Transactions After Upgrade

According to PANews, the Avalanche network has experienced a significant reduction in transaction fees and an increase in transaction volume following the implementation of the Avalanche9000 upgrade on December 16. Reports from CoinDesk indicate that average transaction fees have decreased by 75%, while transaction volume has surged by over 35%. Data from Flipside and Bitquery reveal that Avalanche's daily transactions have now reached approximately 354,000.

The upgrade introduced seven improvement proposals, including ACP-125, which reduced the base fee for C-Chain smart contracts from 25 nAVAX to 1 nAVAX. Additionally, validator fees were adjusted from 2,000 AVAX to a monthly subscription model ranging from 1 to 10 AVAX, lowering the entry barrier for validators. Avalanche continues to enhance its DeFi ecosystem and attract more developers through its multi-chain architecture, which includes C-Chain, P-Chain, and X-Chain.

#Avalanche #transactionfees #blockchain #DeFi #upgrade #smartcontracts #validatorfees #multi-chain #transactions #cryptocurrency #AVAX

🚀 🔥 Bybit Faces $700 Million in Net Outflows Following Massive Hack, DefiLlama Founder Reports 🔥

The aftermath of the Bybit hack continues to unfold, as DefiLlama founder 0xngmi revealed that user withdrawals have resulted in a net outflow of $700 million as of February 22. The staggering outflows highlight the growing concerns among traders and investors following the $1.4 billion exploit of Bybit’s ETH multi-signature cold wallet.

#Bybit #hack #netoutflows #DefiLlama #cryptocurrency #ETH #multi-signature #coldwallet #investors #traders

🚀 Proxystudio's Departure from Clanker Ensures Continuity in Velodrome Operations

According to Foresight News, the Clanker team has identified Proxystudio as a member of the 2022 Optimism ecosystem's DEX and liquidity protocol Velodrome, known as Gabagool. Gabagool was involved in transferring Velodrome team funds, which resulted in the inability to send these funds to the team's multi-signature account. Following discussions, Proxystudio will exit Clanker, with the team leader taking over operations to ensure the continuity of products and services. User assets remain secure, and the project's development plans are unchanged.

#Proxystudio #Clanker #Velodrome #Optimism #DEX #liquidity #Gabagool #teamfunds #multi-signature #userassets #development #OP

🚀 EU's Current Crypto Regulations Deemed Sufficient Amid Stablecoin Concerns

According to PANews, despite warnings from the European Central Bank (ECB) and the European Systemic Risk Board (ESRB) about the potential threats stablecoins pose to financial stability, the European Banking Authority (EBA) believes that the European Union's existing cryptocurrency regulations are adequate to address these risks. An EBA spokesperson acknowledged the risk of 'potential large-scale redemption requests' but emphasized that the level of risk largely depends on the operational model and business scale of the stablecoin issuers.

Currently, the ECB and ESRB have urged Brussels to impose stricter restrictions on the operations of stablecoin companies within and outside the EU, particularly advocating against the 'multi-location issuance' model. This model, used by global stablecoin companies like those behind USDC or USDT, involves mixing tokens issued within the EU with those circulated in other regions. The ESRB warns that if investors outside the EU suddenly redeem tokens issued within the EU, it could lead to significant financial losses and a liquidity crisis. Officials have expressed concerns to Reuters that if many investors withdraw simultaneously, the United States might block dollar reserves from flowing to Europe, complicating the ability of stablecoin issuers to fulfill redemption payments.

#EU #cryptoregulations #stablecoins #financialstability #ECB #ESRB #EBA #stablecoinrisk #multi-locationissuance #USDC #USDT #liquiditycrisis #crypto

🚀 Aave Community Approves Strategy Adjustment for V3 Deployment

According to BlockBeats, the Aave community has overwhelmingly approved a temperature check vote to adjust the V3 multi-chain deployment strategy, with a support rate of 99.96%. The proposal suggests closing Aave V3 deployments on zkSync, Metis, and Soneium, while setting a $2 million revenue threshold for new deployment chains. The community plans to release a standard ARFC proposal following this decision.

#Aave #community #V3 #multi_chain #zkSync #Metis #Soneium #deployment #strategy #ARFC #AAVE

🚀 NYSE Develops Platform for Tokenized Securities Trading and Settlement

According to BlockBeats, on January 19, the New York Stock Exchange (NYSE), part of the Intercontinental Exchange Group, announced the development of a platform for tokenized securities trading and on-chain settlement, seeking regulatory approval for its implementation.

The NYSE's new digital platform aims to offer a tokenized trading experience with features such as 24/7 operations, instant settlement, order placement in USD amounts, and stablecoin-based fund transfers. The design integrates the NYSE Pillar matching engine with a blockchain-based post-trade system, enabling multi-chain settlement and custody capabilities.

Upon receiving regulatory approval, the platform will facilitate a new NYSE trading venue, supporting tokenized stock trading interchangeable with traditional issued securities, as well as native digital securities tokens. Tokenized shareholders will retain dividend and governance rights akin to traditional shareholders. The venue is designed to adhere to established market structure principles, providing non-discriminatory access to all qualified broker-dealers for distribution.

The launch of the NYSE tokenized securities platform is part of the Intercontinental Exchange's broader digital strategy, which includes preparing its clearing infrastructure for round-the-clock trading and exploring the integration of tokenized collateral. The Intercontinental Exchange is collaborating with banks such as BNY Mellon and Citigroup to support tokenized deposits within its clearinghouse, aiding clearing members in transferring and managing funds outside traditional banking hours, fulfilling margin obligations, and accommodating financial needs across different jurisdictions and time zones.

#NYSE #tokenizedsecurities #blockchain #digitalplatform #tokens #cryptotrading #stablecoin #onchainsettlement #digitalstrategy #clearinginfrastructure #IntercontinentalExchange #24/7trading #multi-chain #financialinnovation

🚀 Curvance Prevents Hacking Attempt on DeFi Platform

Curvance, a multi-chain decentralized finance (DeFi) protocol, successfully prevented a hacking attempt on its front end, ensuring no funds were lost. According to NS3.AI, the platform's security partner identified the threat early, allowing for swift preventive measures to secure the system. Users have been advised to refrain from using the front end while a security investigation is underway.

#Curvance #DeFi #hacking #security #blockchain #multi-chain #NS3AI #cryptocurrency #fundsafety #securityinvestigation