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  • Self-custodial Bitcoin staking protocol Babylon announces mainnet

    Self-custodial Bitcoin staking protocol Babylon announces mainnet

    • Babylon, the self-custodial Bitcoin staking protocol, will launch its mainnet on August 22, 2024.
    • The launch brings a “third native use-case of Bitcoin” to users, adding staking to its store of value and payment, Fisher Yu, co-founder of Babylon, said.

    Babylon, a self-custodial Bitcoin staking protocol, has announced the launch of its phase-1 mainnet as it eyes the growing decentralised finance market on the leading blockchain network.

    Babylon announces Bitcoin staking mainnet

    In an announcement on Monday, the protocol revealed its mainnet launch will go live on August 22, 2024. The first phase of the mainnet will allow BTC holders to stake their coins with the self-custodial protocol.

    Meanwhile, upcoming phases will see the Bitcoin protocol allow proof-of-stake networks to tap into the $1 trillion bitcoin network security. Projects that can gain access to and utilise this ecosystem include layer-2 chains, data availability layers and oracles.

    “This launch leads to the third native use-case of Bitcoin, the asset beside value storage and simple payment: stake to secure networks and earn,” Fisher Yu, co-founder of the Babylon project, said. “We expect this to enhance the crypto-economic security of PoS chains and other decentralised applications, offering them a more secure and reliable infrastructure, while at the same time unlocking the value from the idle, unencumbered $1 trillion Bitcoin ecosystem.”

    Babylon’s announcement comes after the platform raised $70 million in a funding round led by crypto venture capital firm Paradigm. Mainnet is supported by more than 200 finality providers, including Allnodes, Galaxy Digital, P2P, Figment, Luganodes, and Stakefish.

    The project has also received support from top wallets such as Binance Web3 Wallet, OKX Web3 Wallet, Bitget Wallet, Keystone and TomoWallet.

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  • Starknet launches STRK Airdrop as OKX announces listing; Pullix Presale enters penultimate Stage

    Starknet launches STRK Airdrop as OKX announces listing; Pullix Presale enters penultimate Stage

    • Starknet launches STRK token with 1.3M wallet Airdrop, OKX to list the token for trading.
    • The first STRK trading pair on OKX will be STRK/USDT.
    • Pullix (PLX) token price has increased from an initial price of $0.04 to $0.1 in its second-last presale stage.

    In a dynamic week for the crypto space, Starknet’s STRK token has taken the spotlight with a massive Airdrop to 1.3 million wallets. Simultaneously, leading exchange OKX has announced the listing of STRK, creating a buzz in the community.

    Adding to the fervour, Pullix’s PLX token enters its penultimate presale stage, promising unique features and a lucrative investment opportunity.

    Let’s delve into the details of these groundbreaking developments.

    Starknet’s STRK airdrop makes waves

    Starknet, the Ethereum-based ZK-Rollup Layer 2 network, has unveiled its highly anticipated STRK token through an extensive Airdrop campaign. The Starknet Foundation, responsible for the token launch, is distributing STRK to approximately 1.3 million wallet addresses.

    The STRK token is the native token of Starknet network and it plays a pivotal role in decentralization and governance within the network. Starknet enhances scalability for decentralized applications (dApps) using an Ethereum-based ZK-Rollup Layer 2 while ensuring the robust security of the Ethereum settlement layer.

    OKX listing the STRK token

    OKX Exchange, a major player in the cryptocurrency market, is set to provide its users with access to Starknet’s STRK token. The exchange’s decision to list STRK follows the highly anticipated Airdrop announcement, further fueling expectations for increased liquidity and trading opportunities.

    The STRK token will be tradable on the OKX exchange from February 19th at 09:00 AM local time. Users can also withdraw their STRK tokens starting February 21st at 04:00 AM local time. The initial trading pair offered is STRK/USDT, with additional pairs possibly emerging based on user demand and market conditions.

    The move by OKX to list STRK suggests that other prominent exchanges, including Binance, may soon follow suit. This potential expansion to other major exchanges could contribute to the broader adoption and recognition of Starknet’s innovative Layer 2 solution.

    Pullix: seizing the future of DeFi

    In the realm of decentralized finance (DeFi), Pullix is carving its niche with the PLX token, currently in its second-last presale stage. Offering a unique approach to trading, Pullix positions itself as a pioneer with a hybrid exchange, blending centralized and decentralized features for an enhanced user experience.

    The PLX token sets a precedent as the first “Trade-to-Earn” cryptocurrency. Holders enjoy benefits such as passive income, trading discounts, and exclusive rewards from the platform’s daily revenues.

    As Pullix advances through its presale stages, the PLX token is currently available at $0.1 up from the initial price of $0.04. The presale has raised $5,676,776 so far showing the high demand among investors.

    To purchase the PLX token before the price makes its final presale increment, visit the official Pullix website.

    Conclusion

    Starknet’s STRK token, with its groundbreaking Airdrop and listing on OKX, showcases the continued innovation within the blockchain ecosystem. Simultaneously, Pullix’s PLX token disrupts the traditional DeFi landscape, offering a compelling blend of features that could redefine the future of cryptocurrency trading.

    As these projects unfold, the crypto community eagerly anticipates the impact they will have on the broader digital asset landscape.

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  • Binance announces Serum, Sonm and DFI.money delisting

    Binance announces Serum, Sonm and DFI.money delisting

    • The Binance news saw all three altcoins nosedive double-digits.
    • Serum (SRM) was down 29%, Sonm (SNM) shed 58% and DFI.money (YFII) declined by 16% in 24 hours.
    • Trading on all pairs for the tokens will end on August 22, 2023.

    Serum (SRM), Sonm (SNM) and DFI.money (YFII) are among the biggest losers in the crypto market today. As of writing, SRM, SNM and YFII have all plummeted double-digits.

    Binance to delist SRM, SNM and YFII

    Binance announced on Tuesday that it will “delist and cease trading on all trading pairs” for Serum, DFI.Money and Sonm from its platform on August 22. The exchange noted in a notice to customers that the delisting is part of its period review of every listed digital asset.

    “When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users,” the exchange said in a general announcement.

    Although Binance did not specify the reasons for removing support for each of the altcoin, it did cite certain metrics considered during the periodic reviews. These include team commitment, development activity, trading volume and liquidity and network safety with regard to attacks.

    Market reaction plunges affected altcoins

    According to data from CoinGecko, Sonm has seen the most declines in its 24-hour performance as it traded 58% down around 9.45 am ET. The token was changing hands for around $0.105392.

    Serum has nosedived 29% in the same period to just above $0.05 to see its 7-day returns reach -35% and over 50% in the past 30 days. Serum, a project linked to FTX and Alameda Research, is down 99.6% from its all-time high above $13 hit in September 2021.

    Elsewhere, DFI.money, which is a yield farming aggregator forked from yearn.finance, was down 16% in the past 24 hours to trade around $605. YFII has declined by more than 24% in the past month and traded at a level that’s more than 93% down from its ATH of $9,251 reached in September 2020.

    Declines for the three altcoins come as most of the top 20 assets by market cap continued to trade flat, with Bitcoin constrained below $30k and Ethereum unable to breach $1,900. 

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  • Bitget Token (BGB) jumps after MEXC announces listing

    Bitget Token (BGB) jumps after MEXC announces listing

    • Bitget will list MX Token (MX) while MEXC will add Bitget Token (BGB).
    • Both listings will be on July 31, with trading pairs BGB/USDT and MX/USDT.

    Bitget Token (BGB), the utility token of crypto exchange Bitget, will be listed on MEXC Global on July 31, the exchanges announced on Friday.

    MEXC will list the Bitget token in the Innovation Zone and has opened deposits for BGB. Initial supported pair will be BGB/USDT, with trading set for Monday, July 31 at 10:00 UTC. Withdrawals will be available from August 1, 2023 at 10:00 UTC, the exchange noted

    As MEXC lists BGB, Bitget will also be adding trading support for MX Token (MX), the native utility token of the MEXC Global exchange. The simultaneous listing will go live on July 31, with MX/USDT added to the Platform Token Zone.

    BGB price jumped more than 4% following the listing news, with the utility token’s value reaching an intraday high of $0.46. This isn’t far from the all-time high for BGB/USD, which was $0.51 reached in February this year.

    Bitget launched an updated version of its token in July 2021. It is used as a form of payment in the exchange platform’s ecosystem, and can be staked or for discounts on trading fees.

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  • OKX Wallet announces Ordinals Marketplace for BRC-20 trading

    OKX Wallet announces Ordinals Marketplace for BRC-20 trading

    • The Ordinals Marketplace will offer features that include minting and trading of Bitcoin Ordinals
    • OKX Wallet to support Lightning Network and staking for Stacks (STX) and BRC-20 tokens
    • OKX to attend the Bitcoin Builders Conference in Miami

    OKX, one of the leading cryptocurrency exchanges and Web3 technology company, today announced the launch of Ordinals Marketplace on OKX Wallet, making it the first multichain wallet to support BRC-20 trading. The new Ordinals Marketplace allows users to mint and trade Bitcoin Ordinals and BRC-20 tokens.

    “OKX has always believed in the power of Bitcoin and we’re proud to be constantly at the forefront of bringing Bitcoin technologies to a wider market,” said Jason Lau, Chief Innovation Officer at OKX. He added:

    “Whether it’s Ordinals, BRC-20, or Lightning, we see the potential of these technologies as they expand the design space and deliver new use cases. OKX Wallet is the best way to explore the world of Bitcoin Ordinals and BRC-20 tokens, and we can’t wait to launch even more features for the community.”

    Mint and trade ordinal inscriptions and BRC-20 tokens

    The new Ordinals Marketplace includes the following features: a “now live” that will allow users to view and transfer Ordinals; an “available this week” feature enabling trading of BRC-20 tokens (users will be able to buy, sell, and list). 

    Also accessible will be a “coming soon” feature that allows for minting of Ordinal inscription NFTs and BRC-20 tokens and a “coming soon: Trade Ordinals (buy, sell, and list)

    In addition to the new Ordinals Marketplace, OKX has also announced additional support for Bitcoin. 

    This includes support for Lightning Network to enable cheaper and faster bitcoin transactions. There is also staking support for Bitcoin Layer-2 token Stacks (STX) and BRC-20 tokens, and OKX BTC Explorer for BRC-20. With the latter feature, users can now validate BRC-20 transactions in real-time

    In addition to the above announcements, the company also revealed its team will attend the Bitcoin Builders conference, the first-ever conference focused on Bitcoin’s Layer-2 ecosystem. The event is set for May 17 in Miami, where OKX’s Chief Innovation Officer Jason Lau will speak on a panel alongside other industry leaders.

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  • RealFlokiInu announces launch of redesigned website

    RealFlokiInu announces launch of redesigned website

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