🚀 Sky to Launch Liquidity Incentives and Fully Migrate to Solana
#Sky #Solana #LiquidityIncentives #Wormhole #Blockchain #Migration #SOL
According to Foresight News, during the Solana Breakpoint conference, Sky co-founder Rune Christensen announced plans to initiate liquidity incentives on Solana and Wormhole in the coming months. Additionally, Sky will fully migrate to the Solana blockchain.#Sky #Solana #LiquidityIncentives #Wormhole #Blockchain #Migration #SOL
🚀 Wormhole Foundation Announces Portal Upgrade At Solana Breakpoint Conference
#WormholeFoundation #PortalUpgrade #Solana #BreakpointConference #IntentBasedExchanges #RapidTransfers #NetworkDetection #AssetDetection #SOL
According to Foresight News, during the Solana Breakpoint Conference, Wormhole Foundation co-founder Dan Reecer announced significant product updates. The Portal upgrade will now support intent-based exchanges and rapid transfers, along with automatic network and asset detection.#WormholeFoundation #PortalUpgrade #Solana #BreakpointConference #IntentBasedExchanges #RapidTransfers #NetworkDetection #AssetDetection #SOL
🚀 User Loses $163,900 in stETH Due to Phishing Attack
#PhishingAttack #stETH #CryptocurrencyScam #Odaily #ScamSniffer
According to Odaily, approximately four hours ago, a user lost 64 stETH, valued at around $163,900, due to a phishing attack involving a 'permit' signature. The incident was detected by Scam Sniffer.#PhishingAttack #stETH #CryptocurrencyScam #Odaily #ScamSniffer
🚀 BNB Chain Integrates With Telegram To Enhance Web3 Accessibility
#BNBChain #Telegram #Web3 #Integration #Blockchain #Crypto #Accessibility
According to BlockBeats, on September 20, BNB Chain announced its integration with the messaging application Telegram. This integration aims to make Web3 more accessible, marking another significant step towards BNB Chain's goal of bringing the next billion users into the Web3 ecosystem.#BNBChain #Telegram #Web3 #Integration #Blockchain #Crypto #Accessibility
🚀 Amber Premium FZE Receives Preliminary Approval for VASP License in Dubai
#AmberPremiumFZE #VASP #Dubai #VirtualAssets #UAE #RegulatoryApproval #DigitalAssets #Brokerage #LendingSolutions #InvestmentServices
According to Foresight News, Amber Premium FZE, a subsidiary of digital asset company Amber Group and enterprise service and consulting firm NH Management, has received in-principle approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This preliminary approval allows Amber Premium FZE to offer a wide range of virtual asset services within the regulatory framework of the United Arab Emirates (UAE). These services include brokerage activities, lending solutions, and management and investment services.#AmberPremiumFZE #VASP #Dubai #VirtualAssets #UAE #RegulatoryApproval #DigitalAssets #Brokerage #LendingSolutions #InvestmentServices
🚀 Galaxy Digital Withdraws 3500 ETH From CEX
#GalaxyDigital #ETH #CEX #Ethereum #cryptocurrency
According to BlockBeats, on September 20, TheDataNerd monitoring revealed that Galaxy Digital withdrew 3,500 ETH from a centralized exchange (CEX) approximately four hours ago. The value of the withdrawn Ethereum is estimated to be around $8.91 million. Currently, the address associated with Galaxy Digital holds a total of 65,368 ETH, which is valued at approximately $166 million.#GalaxyDigital #ETH #CEX #Ethereum #cryptocurrency
🚀 Solana Co-Founder Discusses Mobile Market Potential and Firedancer Progress
#Solana #MobileMarket #Firedancer #Blockchain #Crypto #SmartContracts #TechInnovation #Layer1 #Developers #Breakpoint #SOL
According to Foresight News, during the Solana Breakpoint conference, Solana co-founder Toly highlighted the significant potential in the mobile market due to the high profit margins of Apple and Android app stores. He emphasized that the most daunting aspect of working in the crypto space is the threat of smart contract hacks, which can impact the Layer 1 infrastructure itself. This concern underscores the importance of the Solana validator client, Firedancer, which is nearing completion. Toly mentioned that once Firedancer reaches over 33% network operation on the mainnet, or when two clients are operational, he will consider it out of beta and remove the beta label.
When asked about his expectations from the Solana ecosystem, Toly encouraged developers to build innovative projects without the fear of failure, emphasizing that the process is a learning experience.#Solana #MobileMarket #Firedancer #Blockchain #Crypto #SmartContracts #TechInnovation #Layer1 #Developers #Breakpoint #SOL
🚀 Ant Group Seeks RWA Architects For Hong Kong-Based Roles
#AntGroup #RWA #RealWorldAsset #HongKong #CBDC #Ensemble #crossbordertransaction #digitalcurrency
According to PANews, Ant Group has posted several job openings for RWA (Real World Asset) architects on its overseas social media platforms, with all positions based in Hong Kong.
Insiders close to the matter revealed that the hired individuals will participate in the sandbox work for Hong Kong's wholesale central bank digital currency (CBDC) project, Ensemble. This development comes just a month after Ant Group successfully completed its first cross-border RWA transaction for a mainland enterprise in Hong Kong, totaling 100 million yuan.#AntGroup #RWA #RealWorldAsset #HongKong #CBDC #Ensemble #crossbordertransaction #digitalcurrency
🚀 PancakeSwap Reports $836 Billion Trading Volume And Plans Major Update
#PancakeSwap #TradingVolume #DecentralizedExchange #DeFi #AMM #TotalValueLocked #PancakeSwapV4 #UserExperience #Scalability #LiquidityProviders #GasFees #DeveloperProgram #Hookathon #Blockchain #Crypto #TradingEfficiency #ChainExpansion #CAKE
According to Cointelegraph, decentralized exchange PancakeSwap has reported a cumulative trading volume of $836 billion and a total value locked (TVL) of approximately $1.72 billion over its four years of operation. As of September 20, PancakeSwap's TVL stood at $1.72 billion, a significant decrease from its all-time high of $7.16 billion on May 4, 2021, as per DefiLlama. The TVL was about $2.42 billion on March 30 and has been declining since then.
The exchange, which operates on an automated market maker (AMM) model, serves over 43 million cumulative unique addresses. PancakeSwap has announced the upcoming release of PancakeSwap v4, a major update aimed at enhancing user experience and scalability. The update is expected to address shortcomings in existing AMMs, such as inflexible pricing models, limited trading features compared to centralized exchanges, impermanent loss for liquidity providers, and high on-chain gas fees. Chef Kids, head of PancakeSwap, stated that the new version would offer dynamic fee tiers, advanced trading tools, and reduced gas fees, thereby improving the overall trading experience and lowering costs.
PancakeSwap has also released its v4 white paper this year and launched a $500,000 developer program to attract top-tier builders ahead of the official v4 launch. As part of this initiative, PancakeSwap is hosting a v4 Hookathon on Dorahacks, with submissions open until September 30. Launched in 2020, PancakeSwap is available across nine chains, including BNB Chain, Ethereum, Aptos, Polygon zkEVM, ZKsync Era, Arbitrum One, Linea, Base, and opBNB.
Chef Kids mentioned that PancakeSwap plans to expand its decentralized exchange to more chains. By focusing on product-market fit, PancakeSwap aims to address the lack of functionality and user experience in many DEXs. Improving accessibility and trading efficiency on emerging networks could help PancakeSwap fill a crucial market gap.#PancakeSwap #TradingVolume #DecentralizedExchange #DeFi #AMM #TotalValueLocked #PancakeSwapV4 #UserExperience #Scalability #LiquidityProviders #GasFees #DeveloperProgram #Hookathon #Blockchain #Crypto #TradingEfficiency #ChainExpansion #CAKE
🚀 Future Of AI Discussed At Growth Hacker Camp
#FutureOfAI #GrowthHackerCamp #CollaborativeAI #DecentralizedEcosystem #AIInnovation #ComputingResources #DataPrivacy #AIDevelopment #IntelligentNetwork #MarketingStrategies #CommunityCulture #Web2Growth
According to PANews, the 'Growth Hacker Camp' event, co-hosted by BeWater and PANews, featured a keynote speech by Jasper Zhang, co-founder and CEO of Hyperbolic, titled 'The Future of AI is Collaborative.' Zhang discussed the technical challenges, solutions, and future prospects of a decentralized AI ecosystem using Hyperbolic as an example. He highlighted that AI is the most powerful and latest technology of this era, applicable in fields such as social media, finance, and transportation. Distributed computing resources can enhance AI performance, and by building a high-quality centralized operating system, users can contribute their computing resources to participate in AI operations, forming a decentralized ecosystem. However, Zhang also pointed out challenges in performance optimization, verification mechanisms, and data privacy protection, offering corresponding solutions. He emphasized the importance of collaboration in driving AI technology innovation and ecosystem construction, which can help build a more open, efficient, and secure AI ecosystem. Additionally, Zhang predicted that future AI development will not rely on a single, massive model but rather a network of thousands of AI agents, each addressing specific domain problems. This network will be modular, networked, and highly intelligent, forming a super-intelligent network. The second session of the 'BeWater Growth Hacker Camp' was held in Singapore from September 20 to September 21. Co-hosted by BeWater and PANews, the event focused on growth methods, collective intelligence, and exploring the essence of marketing. It invited top projects and VC investors who have achieved significant growth over the past six months to discuss core themes such as personal branding and influence, marketing strategies, community culture and organic growth, and Web2 user acquisition and retention.#FutureOfAI #GrowthHackerCamp #CollaborativeAI #DecentralizedEcosystem #AIInnovation #ComputingResources #DataPrivacy #AIDevelopment #IntelligentNetwork #MarketingStrategies #CommunityCulture #Web2Growth
🚀 PancakeSwap Announces Major Update With V4 Release
#PancakeSwap #v4 #update #userexperience #scalability #liquidity #interoperability #blockchain #trading #cryptocurrency #CAKE
According to Odaily, PancakeSwap has announced on the X platform that it will soon release PancakeSwap v4, a significant update aimed at enhancing user experience and scalability. The new version is designed to improve liquidity provision and interoperability on the PancakeSwap platform. Currently, PancakeSwap boasts 43 million users and a trading volume of $836 billion, spanning nine blockchain networks.
Chef Kids, the head of PancakeSwap, stated, 'With PancakeSwap v4, we aim to address the main shortcomings of existing automated market makers, including inflexible pricing models, limited trading functions compared to centralized exchanges, impermanent loss for liquidity providers, and high on-chain gas fees.'#PancakeSwap #v4 #update #userexperience #scalability #liquidity #interoperability #blockchain #trading #cryptocurrency #CAKE
🚀 Weaker Yen Supports Bitcoin Amid Federal Reserve Policy Changes
#WeakerYen #BitcoinSupport #FederalReserve #USdollar #HighRiskAssets #RiskOnTrades #BTC
According to BlockBeats, on September 20, derivatives trader Gordon Grant highlighted that the weakening yen, in addition to changes in Federal Reserve policies, has been providing support for Bitcoin. The strengthening of the US dollar against the yen since Monday has created additional upward momentum for Bitcoin.
Grant explained that historically, a stronger US dollar against the yen has been beneficial for high-risk assets. This is because the yen is often used as a funding currency for 'risk-on' trades, where investors borrow low-interest currencies like the yen to seek higher returns.#WeakerYen #BitcoinSupport #FederalReserve #USdollar #HighRiskAssets #RiskOnTrades #BTC
🚀 CATI To Launch USDT Margin Perpetual Contracts And Leverage Trading
#CATI #USDT #MarginContracts #PerpetualContracts #LeverageTrading #Cryptocurrency #Finance #Trading
According to Odaily, CATI has announced the launch of its USDT margin perpetual contracts, which will go live on September 20, 2024, at 10:30 (UTC). Additionally, CATI's leverage trading and simplified earnings will be available starting September 24, 2024, at 4:00 (UTC).#CATI #USDT #MarginContracts #PerpetualContracts #LeverageTrading #Cryptocurrency #Finance #Trading
🚀 Ethereum Foundation Sells 300 ETH Worth $760,000
#Ethereum #ETH #EthereumFoundation #cryptocurrency #crypto #blockchain #bitcoin #investment #decentralization #ForesightNews
According to Foresight News, the Ethereum Foundation has sold 300 ETH in the past 15 minutes. The total value of the sale is approximately $760,000, with an average selling price of $2,543 per ETH.#Ethereum #ETH #EthereumFoundation #cryptocurrency #crypto #blockchain #bitcoin #investment #decentralization #ForesightNews
🚀 Bitcoin's Risk-Reward Potential Remains Attractive, Says 10x Research
#Bitcoin #10xResearch #cryptocurrency #riskreward #bullmarket #bearmarket #trading #Ethereum #investing #BTC
According to Odaily, renowned cryptocurrency research firm 10x Research recently stated on the X platform that Bitcoin continues to be one of the most attractive assets in terms of risk-reward potential. Following a warning about downside risks after Bitcoin's peak in March-April, the firm has adopted a tactically optimistic stance amid Bitcoin's sharp decline. Several previously published reports support their more optimistic outlook for a significant rise in Bitcoin's value.
Additionally, breaking Bitcoin's downward trendline could indicate stronger upward momentum, potentially pushing Bitcoin above the 21-week simple moving average of $60,996. This level is a key indicator for determining whether Bitcoin is in a bull market (above) or a bear market (below). Surpassing this level sets a target of $65,000, which is now within reach. Notably, current trading signals have increased long positions to a net long position of 70% for the first time. Historical pattern analysis suggests that this shift indicates Bitcoin and Ethereum may offer attractive buying opportunities in the next 2-3 months.#Bitcoin #10xResearch #cryptocurrency #riskreward #bullmarket #bearmarket #trading #Ethereum #investing #BTC
🚀 South Korea to Launch Large-Scale Tokenized Deposit Pilot by End of 2024
#SouthKorea #TokenizedDeposit #CBDC #BankOfKorea #PilotProject #DigitalCurrency #CommercialBanks #FinancialTechnology #CrossBorderPayments #BIS
According to Odaily, South Korea plans to initiate a large-scale tokenized deposit pilot by the end of 2024, involving approximately 100,000 individuals. Originally scheduled to start in September or October 2023, the pilot has experienced a slight delay. The initiative will utilize a voucher-like system, allowing users to purchase goods at convenience stores. This effort is part of the Bank of Korea's (BOK) wholesale central bank digital currency (wCBDC) program, aimed at supporting interbank tokenized deposit settlements.
Currently, six major commercial banks are participating in the project, including NH NongHyup Bank. The Korea Financial Telecommunications and Clearings Institute (KFTC) will manage the smart contracts. A banking industry insider noted that despite the slight delay, launching a pilot involving 100,000 users within the year would be a significant global milestone. The Bank of Korea is also actively involved in the Bank for International Settlements (BIS) led cross-border payment projects, including the Agorá project, which involves seven central banks and 41 institutions, aiming to tokenize correspondent banking services. South Korea's six banks—Hana Bank, Korea Development Bank, KB Kookmin Bank, NH NongHyup Bank, Shinhan Bank, and Woori Bank—are also participants. Additionally, South Korea is an observer in another BIS cross-border payment project, mBridge.#SouthKorea #TokenizedDeposit #CBDC #BankOfKorea #PilotProject #DigitalCurrency #CommercialBanks #FinancialTechnology #CrossBorderPayments #BIS
🚀 Pyth Network Integrates FUD Price Data on Sui Ecosystem
#PythNetwork #FUD #SuiEcosystem #PriceData #BlockchainIntegration #MemeCoin
According to Foresight News, the oracle service Pyth Network has announced the integration of FUD price data within the Sui ecosystem. This development means that FUD/USD price information is now available across more than 75 blockchains. The integration aims to enhance the availability and accuracy of price data for the meme coin FUD, contributing to the broader adoption and utility of the Sui ecosystem.#PythNetwork #FUD #SuiEcosystem #PriceData #BlockchainIntegration #MemeCoin
🚀 Bitcoin Core Developers Issue High Severity Warning Over Node Vulnerability
#Bitcoin #BitcoinCore #NodeVulnerability #DenialOfService #SecurityAlert #Cryptocurrency #SoftwareUpdate #Blockchain #BTC
According to PANews, Bitcoin Core developers have issued a high severity warning, revealing that one in six Bitcoin nodes has a software vulnerability. On Thursday, the open-source Bitcoin Core project, which maintains the software running on over 98% of reachable full nodes, disclosed a significant security issue affecting software on 17% of the network's nodes. Specifically, all software versions below Bitcoin Core 24.0.1 are at risk. Bitnodes' monitoring estimates that this denial-of-service vulnerability impacts approximately 3,330 of the 19,200 accessible Bitcoin full nodes' user agents.
In Bitcoin Core software versions prior to 24.0.1, malicious actors could spam nodes using a low-difficulty header chain. By forcing nodes to download and store an excessively long header chain, the attack could crash nodes by consuming too much bandwidth or device storage space. Developers addressed this vulnerability in Bitcoin Core pull request (PR) number 25717 and merged the fix into production with the release of version 24.0.1 on December 12, 2022. The current Bitcoin Core node software version (now 27.1) includes fixes for this and other vulnerabilities.
Although this vulnerability is quite severe, there are few known instances of it being exploited in the public record. The high cost of generating and broadcasting block header chains to execute a denial-of-service attack makes it economically unfeasible for most attackers. However, it remains a security flaw that could be exploited by extremely wealthy, powerful, or technically skilled entities, such as a nation-state, who might aim to disrupt Bitcoin operations for non-financial or financial delay reasons. In early June, developers agreed to disclose severe vulnerabilities in Bitcoin Core software that had been patched for at least 18 months. Initially, they disclosed vulnerabilities in versions 20 and below. Every few weeks, they continue to reveal more software vulnerabilities. Unless Bitcoin node operators update their software, up to 17% of the network's nodes could be at risk of denial-of-service attacks.#Bitcoin #BitcoinCore #NodeVulnerability #DenialOfService #SecurityAlert #Cryptocurrency #SoftwareUpdate #Blockchain #BTC
🚀 TON Launches Global Winter Hackers League With $2 Million Prize Pool
#TON #WinterHackersLeague #prizepool #DeFi #SocialNetworks #GameFi #OnChainData #Interoperability #hackathon #competition
According to Foresight News, TON has announced the launch of its Global Winter Hackers League, featuring a total prize pool of $2 million. The competition will cover five tracks: DeFi, Social Networks and Utilities, GameFi & Onboarding, On-Chain Data Analysis, and Interoperability. The event is scheduled to take place from September 12, 2024, to December 20, 2024.#TON #WinterHackersLeague #prizepool #DeFi #SocialNetworks #GameFi #OnChainData #Interoperability #hackathon #competition
🚀 Ethereum.org Launches Redesigned Website With New Features
#Ethereum #website #redesign #userexperience #blockchain #crypto #assets #networkfees #Ethereumecosystem #ETH
According to Foresight News, ethereum.org has unveiled a newly designed website that introduces several new features aimed at enhancing user experience. The updated site now includes functionalities for creating accounts, managing assets, acquiring Ethereum, selecting the network with the lowest fees, and trying out various applications. This redesign aims to make it easier for users to navigate and utilize the Ethereum ecosystem effectively.#Ethereum #website #redesign #userexperience #blockchain #crypto #assets #networkfees #Ethereumecosystem #ETH
🚀 Octra Secures $4 Million Pre-Seed Funding Led By Finality Capital
#Octra #Funding #PreSeed #FinalityCapital #FullyHomomorphicEncryption #FHE #WebAssembly #WASM #Hypergraphs #Mainnet
According to Foresight News, the general Fully Homomorphic Encryption (FHE) protocol, Octra, has successfully raised $4 million in a pre-seed funding round. The round was led by Finality Capital, with participation from Big Brain Holdings, Karatage, Presto, and Builder Capital. Octra is currently in the final stages of development and is set to launch its mainnet next year. The company is also releasing a public WebAssembly (WASM) sandbox to demonstrate the efficiency of hypergraphs in FHE.#Octra #Funding #PreSeed #FinalityCapital #FullyHomomorphicEncryption #FHE #WebAssembly #WASM #Hypergraphs #Mainnet