Author: Atis. Sh

Content Writer & Crypto Enthusiast

The Alex Labs Foundation, the developer behind the Bitcoin Layer 2 platform ALEX, has unveiled a comprehensive plan to regain community trust and restart its platform following a recent security breach. During a May 29 X Space session, the team outlined the recovery steps, including two critical governance votes aimed at reopening pools and migrating its native token and automated market maker (AMM). The two governance votes are central to the recovery strategy. The first vote, known as the Treasury Grant Program (TGP), focuses on recovering community assets. The second vote addresses the reopening of unaffected pools, specifically targeting several…

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Orbs, a layer-3 liquidity protocol, has announced the launch of its Perpetual Hub, designed to enhance the on-chain futures experience for leverage traders. This ambitious initiative is in collaboration with SYMMIO and IntentX, aiming to address significant inefficiencies in the current decentralized finance (DeFi) perpetual futures market. DeFi perpetual futures providers have traditionally relied on order books as a liquidity mechanism to facilitate token swaps and bootstrap trading. While this method has enabled investors to participate in decentralized perpetuals, it has been criticized for its lack of capital efficiency. According to DefiLlama, the current model falls short in efficiently managing…

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Babylon, a Bitcoin staking protocol, has secured $70 million in fresh financing. The funding round was led by venture firm Paradigm and saw participation from a host of prominent investors, including Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, Hack VC, ViaBTC Capital, Amber, and HTX Ventures, according to a company release. Babylon’s Innovative Approach to Bitcoin Staking Babylon is at the forefront of developing infrastructure that enables proof-of-stake (PoS) systems to acquire staking capital from Bitcoin. The platform’s modular design and slashing functionality allow various stake-based systems—such as blockchains, Layer 2 solutions, decentralized application (DA) layers, and oracles—to incorporate…

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PEPE, has emerged as the most profitable cryptocurrency among the top contenders, even in the face of a recent decline. Despite the downturn, PEPE’s price has surged by an astonishing 900% on a year-to-date (YTD) basis, outperforming notable meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). Data from IntoTheBlock reveals that PEPE’s 90% return recorded this month has placed 96% of its holders in profit. This impressive performance has solidified the frog-themed meme coin’s position as the most profitable crypto among its peers. Over the last month, PEPE’s price saw a significant upward trajectory, contributing to substantial long-term gains.…

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Oracle provider Chainlink and stablecoin issuer Circle have announced a strategic partnership aimed at expanding the utility of stablecoins for institutional use. This collaboration seeks to advance the adoption of tokenized assets, leveraging the combined expertise of both companies to push the boundaries of decentralized finance (DeFi). Partnership Goals and Significance The partnership between Chainlink and Circle is focused on “moving the industry forward and growing the adoption of tokenized assets,” according to William Reilly, Global Head of Centralized Finance at Chainlink Labs. Chainlink, known as the industry-standard decentralized computing platform, and Circle, a global financial tech company that issues…

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Robinhood has launched its latest offering: the crypto trading API. This innovative tool is set to revolutionize the user experience, providing enhanced automation, round-the-clock trading capabilities, and increased security measures. The Robinhood crypto trading API is designed to cater to both seasoned traders and beginners. One of its standout features is the ability to automate trading strategies. Users can implement anything from complex algorithms to simple routines, allowing for more streamlined and efficient trading processes. According to Robinhood, “the API allows them to automate and diversify their trading strategies.” This automation is expected to be a game-changer, particularly for users…

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El Salvador is making significant strides in promoting Bitcoin adoption on a global scale. By collaborating with prominent cryptocurrency firms and engaging with countries interested in digital assets, the nation aims to position itself as a leader in the cryptocurrency domain. This initiative is part of broader economic reforms, driven by strategic partnerships and innovative projects. Significant Bitcoin Mining Initiative A key development in El Salvador’s Bitcoin journey is the establishment of a Bitcoin mining center in San Salvador by Ocean, a Bitcoin mining pool backed by Block founder Jack Dorsey. Ocean has launched Ocean Mining S.A. de C.V., which…

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In a strategic move to enhance the user experience in cryptocurrency trading, Uphold’s Topper has partnered with Coindisco. This collaboration aims to provide Coindisco users with a seamless trading experience and higher transaction approval rates through Topper’s regulated fiat-to-crypto gateway. Enhancing the Trading Experience Topper, a fiat-to-crypto on-ramp by the global web3 financial platform Uphold, has integrated with Coindisco to facilitate the buying and monitoring of preferred crypto assets. This integration ensures that Coindisco users benefit from multiple payment options, high transaction approval rates, and expedited transaction processing. Robin O’Connell, CEO of Uphold Enterprise, emphasized the significance of this partnership:…

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Galxe has unveiled Gravity, a new Layer-1 blockchain that aims to facilitate mass adoption and support an omni-chain future. The Alpha Mainnet for Gravity, which will be a rollup of Ethereum powered by Arbitrum Nitro, is scheduled for launch in the second quarter of 2024. The full Gravity mainnet, featuring its native Proof-of-Stake (PoS) Layer-1 and Reth EVM execution engine, is expected to follow in Q2 2025. Galxe, a prominent blockchain platform known for its innovative contributions to the Web3 ecosystem, is expanding its capabilities with the introduction of Gravity. Galxe has a substantial user base and a reputation for…

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Netflix’s latest comedy special, “The Greatest Roast of All Time,” delivered an evening of laughter and light-hearted jabs, but not all jokes landed smoothly, especially for football legend Tom Brady. Amid the comedic spectacle, Nikki Glaser’s sharp commentary on Brady’s unfortunate cryptocurrency investments, particularly with the now-defunct FTX, struck a chord that resonated beyond mere humor. During the event, Glaser, known for her incisive and daring humor, targeted Brady’s financial woes, saying, “Tom, how did you fall for that?” echoing a sentiment shared by fellow athlete and friend Rob Gronkowski, who humorously remarked about Brady losing $30 million in crypto.…

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