1INCH Flips Tether and Shiba Inu Top Ethereum Wallet Holdings
1INCH has surpassed Tether’s USDT and Shiba Inu (SHIB) in the ranks of the cryptocurrencies being held by the top 100 Ethereum wallets due to increased demand by whales. 1INCH holders received positive news on Sept. 6 when the 1inch Network announced that a total of 300,000 Optimism (OP) tokens would be distributed among its users in a move to incentive their activity on the Optimism Network. This week the token flipped USDT, the largest stablecoin by market capitalization, and SHIB, the second-largest meme-inspired digital asset in terms of top-10 Ethereum wallet holdings on Sept. 11.
1INCH has surpassed Tether’s USDT and Shiba Inu (SHIB) in the ranks of the cryptocurrencies being held by the top 100 Ethereum wallets due to increased demand by whales. 1INCH holders received positive news on Sept. 6 when the 1inch Network announced that a total of 300,000 Optimism (OP) tokens would be distributed among its users in a move to incentive their activity on the Optimism Network. This week the token flipped USDT, the largest stablecoin by market capitalization, and SHIB, the second-largest meme-inspired digital asset in terms of top-10 Ethereum wallet holdings on Sept. 11.
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A pair of Grammy award-winning producers, James Fauntleroy and Hit-Boy, who produced Beyoncé and Justin Timberlake's album, is helping to create music for an NFT band made up of Bored Apes.
The producers and songwriters are creating the discography for Kingship; the BAYC band created last November by Universal Music Group's crypto culture-focused sublabel 10:22PM.
The producers and songwriters are creating the discography for Kingship; the BAYC band created last November by Universal Music Group's crypto culture-focused sublabel 10:22PM.
Decentralized Exchange (DEX) Volumes Sink to Long-Term Lows
Decentralized exchanges continue to record below-average volumes, especially in the past three months. This slump is primarily due to a significant decline in decreasing investor interest and a bearish crypto market. Decentralized exchanges, normally referred to as DEXes, have been the exchanges of choice for traders who prioritize anonymity over safety. Over the years, some decentralized exchanges have even surpassed centralized exchanges by monthly volume. The last three months have been a bit different, though, as DEX cumulative volumes have fallen below $100 billion. In August, cumulative DEX volume only reached $67 billion.
Decentralized exchanges continue to record below-average volumes, especially in the past three months. This slump is primarily due to a significant decline in decreasing investor interest and a bearish crypto market. Decentralized exchanges, normally referred to as DEXes, have been the exchanges of choice for traders who prioritize anonymity over safety. Over the years, some decentralized exchanges have even surpassed centralized exchanges by monthly volume. The last three months have been a bit different, though, as DEX cumulative volumes have fallen below $100 billion. In August, cumulative DEX volume only reached $67 billion.
House of Hiranandani becomes India's first real estate developer to launch NFTs
House of Hiranandani, India's premium real estate developer announced its foray into the Non-FungibleToken (NFT) segment, becoming the first real estate developer in the country to jump on the NFT and Web3 bandwagon. The brand's maiden NFT series titled 'DreamVerse'.
The NFT collection has been launched with an aim to pay an ode to engineers and architects who have helped create the unparalleled urban landscapes of the House of Hiranandani. For over four decades, House of Hiranandani with its engineers and architects has transformed dreams into reality for every aspiring home buyer. Through its thoughtful construction, it has transformed land parcels into buzzing community spaces and offered elevated lifestyles for its residents.
House of Hiranandani, India's premium real estate developer announced its foray into the Non-FungibleToken (NFT) segment, becoming the first real estate developer in the country to jump on the NFT and Web3 bandwagon. The brand's maiden NFT series titled 'DreamVerse'.
The NFT collection has been launched with an aim to pay an ode to engineers and architects who have helped create the unparalleled urban landscapes of the House of Hiranandani. For over four decades, House of Hiranandani with its engineers and architects has transformed dreams into reality for every aspiring home buyer. Through its thoughtful construction, it has transformed land parcels into buzzing community spaces and offered elevated lifestyles for its residents.
1inch: Severe Vulnerability in Ethereum Vanity Address Tool Risks Millions of Dollars
Decentralized exchange aggregator 1inch claimed on Sept. 15 to have discovered a severe vulnerability in Ethereum vanity address generating tool Profanity. This has the potential to put millions of dollars in user money at risk.1inch founder and CEO Anton Bukov warned ethereum users in a tweet that “funds are not Safu,” crypto lingo used to express that user funds are at risk of loss following a hack or exploit. Ethereum uses a combination of public and private keys to generate wallet addresses.
Decentralized exchange aggregator 1inch claimed on Sept. 15 to have discovered a severe vulnerability in Ethereum vanity address generating tool Profanity. This has the potential to put millions of dollars in user money at risk.1inch founder and CEO Anton Bukov warned ethereum users in a tweet that “funds are not Safu,” crypto lingo used to express that user funds are at risk of loss following a hack or exploit. Ethereum uses a combination of public and private keys to generate wallet addresses.
The immense technological milestone known as The Ethereum Merge has been completed, bringing sustainability, scalability and security to Ethereum.
While you probably won’t notice a difference in your day to day transactions, the impact this upgrade has can not be overstated. Estimates place the resulting reduction in Ethereum’s energy usage at around 99.5%.
This shift from Proof of Work to Proof of Stake represents an important step in mass adoption, as the largest and most active NFT ecosystem there is has just become ultra-efficient. This could usher in a new era for Ethereum and the NFT ecosystem as a whole, attracting new traders, artists, collectors, brands, corporations and beyond.
While you probably won’t notice a difference in your day to day transactions, the impact this upgrade has can not be overstated. Estimates place the resulting reduction in Ethereum’s energy usage at around 99.5%.
This shift from Proof of Work to Proof of Stake represents an important step in mass adoption, as the largest and most active NFT ecosystem there is has just become ultra-efficient. This could usher in a new era for Ethereum and the NFT ecosystem as a whole, attracting new traders, artists, collectors, brands, corporations and beyond.
Sushi DAO Holds Election for Chief Executive
The decentralized organization behind crypto exchange SushiSwap is tapping its next chief executive. Instead of having insiders interview and select a candidate, the DeFi platform’s “head chef” will be elected by holders of the protocol’s native SUSHI token following a public campaign. The election represents a grand experiment in corporate governance and the viability of decentralized business models. But the nomination process has been mired in controversy and comes as Sushi struggles to keep its treasury afloat.
The decentralized organization behind crypto exchange SushiSwap is tapping its next chief executive. Instead of having insiders interview and select a candidate, the DeFi platform’s “head chef” will be elected by holders of the protocol’s native SUSHI token following a public campaign. The election represents a grand experiment in corporate governance and the viability of decentralized business models. But the nomination process has been mired in controversy and comes as Sushi struggles to keep its treasury afloat.
The Epic Games Store is a digital video game shop where users can browse and purchase a variety of titles, some being exclusive to the platform. Earlier this week, the Mythical Game title Blanko’s Block Party made its Epic Games Store debut, marking the first NFT-backed release on the platform to date.
Blanko’s Block Party is an open-world multiplayer game styled like a giant block party, with a focus on art and the customization of the vibrant surrounding world. While ownership of a crypto wallet or NFTs is not necessary to play, the game does allow players to collect rare items, accessories and designs via blockchain-backed NFTs.
Originally launched in Beta back in 2020, the game has already reportedly amassed more than a million unique users, and taken on collaborations with the likes of Burberry and Atari. The full game has still not been released, but the launch is now slated for September 28th.
Blanko’s Block Party is an open-world multiplayer game styled like a giant block party, with a focus on art and the customization of the vibrant surrounding world. While ownership of a crypto wallet or NFTs is not necessary to play, the game does allow players to collect rare items, accessories and designs via blockchain-backed NFTs.
Originally launched in Beta back in 2020, the game has already reportedly amassed more than a million unique users, and taken on collaborations with the likes of Burberry and Atari. The full game has still not been released, but the launch is now slated for September 28th.
GMX DEX Reportedly Suffers $565,000 Exploit
Decentralized exchange (DEX) GMX allegedly experiences price manipulation on the AVAX/USD pair in key exchanges. Open interest in AVAX long perpetual futures has accordingly been capped at $2 million, while open interest in AVAX short perpetual futures has been limited to $1 million. Perpetual futures are a type of open futures contract without a settlement date. GMX offers spot and perpetual futures, with more than $342 million locked up on Arbitrum, a layer-two ETH solution, and $67 million on Avalanche’s blockchain. GMX is a decentralized exchange that offers a low fee for perpetual futures and spot trading. It runs on Arbitrum and Avalanche. It allows users to borrow up to 30x their initial margin to amp up futures betting.
Decentralized exchange (DEX) GMX allegedly experiences price manipulation on the AVAX/USD pair in key exchanges. Open interest in AVAX long perpetual futures has accordingly been capped at $2 million, while open interest in AVAX short perpetual futures has been limited to $1 million. Perpetual futures are a type of open futures contract without a settlement date. GMX offers spot and perpetual futures, with more than $342 million locked up on Arbitrum, a layer-two ETH solution, and $67 million on Avalanche’s blockchain. GMX is a decentralized exchange that offers a low fee for perpetual futures and spot trading. It runs on Arbitrum and Avalanche. It allows users to borrow up to 30x their initial margin to amp up futures betting.
Catalog.lu have announced a meme contest!
For all you, memelords, here’s what you need to do :
1️⃣Join our telegram chat ✨ / Join our discord
2️⃣Make your meme as an NFT (guide) 🗣
3️⃣Post them in a chat and use the hashtag #CatalogMemes 💎/ Post your memes in channel #memecontest 💎
Dates: 19 September - 26 September
Awards 🥇 — The prize fund is $100 where it will be:
1st place - $50
2nd and 3rd place - $25.
The winners will also be given roles in our discord (our team will determine which memes we like the most).
Let the fun begin! 🎉
For all you, memelords, here’s what you need to do :
1️⃣Join our telegram chat ✨ / Join our discord
2️⃣Make your meme as an NFT (guide) 🗣
3️⃣Post them in a chat and use the hashtag #CatalogMemes 💎/ Post your memes in channel #memecontest 💎
Dates: 19 September - 26 September
Awards 🥇 — The prize fund is $100 where it will be:
1st place - $50
2nd and 3rd place - $25.
The winners will also be given roles in our discord (our team will determine which memes we like the most).
Let the fun begin! 🎉
For the past 6 months, government agencies like the SEC have been researching the “risks and benefits” of digital assets, developing legislative framework and recommendations for the country. The findings released by the White House have been labeled as the “first-ever comprehensive framework for responsible development of digital assets”.
In terms of the research compiled, the report is comprised of a variety of issues and recommendations for solving them. While no official legislation is laid out, it explores topics like the White House’s plans for protecting consumers, investors and businesses, promoting access to safe financial services, fighting illicit finance and notably, exploring a U.S. Central Bank-backed digital currency. Head to the link in our story to read the full report.
In terms of the research compiled, the report is comprised of a variety of issues and recommendations for solving them. While no official legislation is laid out, it explores topics like the White House’s plans for protecting consumers, investors and businesses, promoting access to safe financial services, fighting illicit finance and notably, exploring a U.S. Central Bank-backed digital currency. Head to the link in our story to read the full report.
The White House has released a set of guidelines for ways in which it thinks the U.S. should approach the growing crypto scene. The report also mentions the possibility of a U.S.-backed digital currency.
SEC Chairman Gary Gensler stated this past week that Proof-of-Stake assets may be considered securities and subject to separate regulation, which could spell some trouble for PoS coins like the newly merged Ethereum.
Leading exchange Coinbase has integrated its standings on crypto policy directly into the app, allowing users to easily locate which candidates in their area have a crypto-friendly attitude. This aims to help pro-crypto candidates receive donations from the wider crypto community.
Korean authorities have issued an arrest warrant for now defunct Terra-founder Do Kwon, who they have accused of being on the run. Do Kwon has responded stating that he is in-fact not on the run, and has been willing to cooperate with government agencies looking to communicate.
SEC Chairman Gary Gensler stated this past week that Proof-of-Stake assets may be considered securities and subject to separate regulation, which could spell some trouble for PoS coins like the newly merged Ethereum.
Leading exchange Coinbase has integrated its standings on crypto policy directly into the app, allowing users to easily locate which candidates in their area have a crypto-friendly attitude. This aims to help pro-crypto candidates receive donations from the wider crypto community.
Korean authorities have issued an arrest warrant for now defunct Terra-founder Do Kwon, who they have accused of being on the run. Do Kwon has responded stating that he is in-fact not on the run, and has been willing to cooperate with government agencies looking to communicate.
ApeSwap Launches ‘Zap’ Functionality to Improve Speed, Cost for Users
The new Zap functionality will let users access ApeSwap products just by holding any single token on BNB Chain or Polygon. ApeSwap, a prominent Decentralized Exchange (DEX) on BNB Chain, announced the launch of “Zap” functionality on Sept. 13. According to ApeSwap, the new feature was launched as part of its effort toward bettering the user experience for the products in its Decentralized Finance (DeFi) suite. Essentially, Zap is intended to make it faster and cheaper for users to go from holding any single token on BNB or Polygon to using ApeSwap’s services. According to the blog post, the feature can be used in three different ways, which the DEX intends to roll out in stages in the coming weeks.
The new Zap functionality will let users access ApeSwap products just by holding any single token on BNB Chain or Polygon. ApeSwap, a prominent Decentralized Exchange (DEX) on BNB Chain, announced the launch of “Zap” functionality on Sept. 13. According to ApeSwap, the new feature was launched as part of its effort toward bettering the user experience for the products in its Decentralized Finance (DeFi) suite. Essentially, Zap is intended to make it faster and cheaper for users to go from holding any single token on BNB or Polygon to using ApeSwap’s services. According to the blog post, the feature can be used in three different ways, which the DEX intends to roll out in stages in the coming weeks.
Trust Wallet and PancakeSwap Disconnecting Errors
Trust Wallet is a cryptocurrency wallet that supports various cryptos. The wallet was released in 2017. It supports over 4.5 million assets and more than 65 blockchains. The wallet has various characteristics, one of which is its user-friendly UI, which draws a lot of newcomers. Since its inception, it has gathered over 25 million customers. PancakeSwap is a popular exchange on the Binance Smart Chain. Users have flocked to it as a dependable substitute for other large decentralized exchanges (DEX). Users who are trying to connect PancakeSwp and Trust Wallet end up with some disconnecting issues. This can be quite annoying at times when users need to execute an important trade. Read ahead to find the root cause and a solution to that error.
Trust Wallet is a cryptocurrency wallet that supports various cryptos. The wallet was released in 2017. It supports over 4.5 million assets and more than 65 blockchains. The wallet has various characteristics, one of which is its user-friendly UI, which draws a lot of newcomers. Since its inception, it has gathered over 25 million customers. PancakeSwap is a popular exchange on the Binance Smart Chain. Users have flocked to it as a dependable substitute for other large decentralized exchanges (DEX). Users who are trying to connect PancakeSwp and Trust Wallet end up with some disconnecting issues. This can be quite annoying at times when users need to execute an important trade. Read ahead to find the root cause and a solution to that error.
PancakeSwap DEX Domination Might Be Bad for BNB Chain
Today, Centralized Exchanges (CEXs) like Binance dominate cryptocurrency trading activity, although Decentralized Exchanges (DEXs) like PancakeSwap on BNB Chain are gaining popularity. DEXs enable peer-to-peer trading by employing automated smart contracts to execute transactions without intermediaries. Not all DEXs, however, use the same underlying infrastructure. While some people prefer traditional order book models, others prefer emergent liquidity protocols. As a result, developers are creating new aggregation methods to solve the disjointed liquidity inherent in DEXs and exchange and liquidity protocols.
Today, Centralized Exchanges (CEXs) like Binance dominate cryptocurrency trading activity, although Decentralized Exchanges (DEXs) like PancakeSwap on BNB Chain are gaining popularity. DEXs enable peer-to-peer trading by employing automated smart contracts to execute transactions without intermediaries. Not all DEXs, however, use the same underlying infrastructure. While some people prefer traditional order book models, others prefer emergent liquidity protocols. As a result, developers are creating new aggregation methods to solve the disjointed liquidity inherent in DEXs and exchange and liquidity protocols.
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KuCoin Labs, the investment and incubation arm of the KuCoin ecosystem, has officially announced its co-incubation with Republic Capital in BidShop.iо, a startup that creates additional liquidity streams for NFT holders.
BidShop.iо introduces game theory factors into the traditional NFT auction process, which has the effect of creating additional liquidity streams above floor price for holders of non-fungible tokens. On the buyer side of the equation, the solution also allows bidders to acquire rare NFTs at a fraction of the price.
In the future, KuCoin Labs will further explore potential and diversified collaborations with BidShop.iо to vastly improve the NFT ecosystem.
BidShop.iо introduces game theory factors into the traditional NFT auction process, which has the effect of creating additional liquidity streams above floor price for holders of non-fungible tokens. On the buyer side of the equation, the solution also allows bidders to acquire rare NFTs at a fraction of the price.
In the future, KuCoin Labs will further explore potential and diversified collaborations with BidShop.iо to vastly improve the NFT ecosystem.
Universal Studios’ theme parks are some of the most popular worldwide, seeing close to 20 million visitors yearly between two U.S. locations. Now the California and Florida parks are adding NFTs to the list of attractions they offer.
Universal’s dive into web3 comes as an innovative partnership with crypto-service titans Moonpay. Through October 31st, visitors to the park can find seven different QR codes that Moonpay has hidden near the attractions. Upon scanning the QR code, Moonpay’s newest service Hypermint will mint NFT art of characters associated with Universal’s iconic ‘Halloween Nights’ experience. Upon collecting all seven, users will also receive a gold medal NFT.
Interactive NFT experiences with little barrier-to-entry play a huge role in onboarding users to the space, showing millions of potential enthusiasts how easy it can be to get involved.
Universal’s dive into web3 comes as an innovative partnership with crypto-service titans Moonpay. Through October 31st, visitors to the park can find seven different QR codes that Moonpay has hidden near the attractions. Upon scanning the QR code, Moonpay’s newest service Hypermint will mint NFT art of characters associated with Universal’s iconic ‘Halloween Nights’ experience. Upon collecting all seven, users will also receive a gold medal NFT.
Interactive NFT experiences with little barrier-to-entry play a huge role in onboarding users to the space, showing millions of potential enthusiasts how easy it can be to get involved.
BurgerCities Set to Launch Mystery Box on Binance NFT
The listing adds new value for BurgerCities players, granting a chance at Gen 0 Hero NFTs. It’s an important day for the BurgerCities Team and community as the project announced that BurgerCities will have its Gen 0 Hero listed on Binance NFT Mystery Boxes. The BurgerCities Gen 0 Heroes Mystery Boxes will be live on Binance NFT on the 21st of September.
A Mystery Box provides you the chance to receive a random Gen 0 Hero, which is an extremely rare NFT in BurgerCities. There are 4 levels of heroes in BurgerCities, with rarity ranked from low to high as green, blue, purple to orange, and each level of rarity corresponds to the cultivation value of Heroes. Players will gain a Blindbox in game by obtaining Mystery Boxes in your wallet from Binance. Each Blindbox will randomly spawn one Gen 0 Hero upon opening in BurgerCities. The rarity of the Gen 0 Hero include R (Blue Gen 0 Hero), SR (Purple Gen 0 Hero).
The listing adds new value for BurgerCities players, granting a chance at Gen 0 Hero NFTs. It’s an important day for the BurgerCities Team and community as the project announced that BurgerCities will have its Gen 0 Hero listed on Binance NFT Mystery Boxes. The BurgerCities Gen 0 Heroes Mystery Boxes will be live on Binance NFT on the 21st of September.
A Mystery Box provides you the chance to receive a random Gen 0 Hero, which is an extremely rare NFT in BurgerCities. There are 4 levels of heroes in BurgerCities, with rarity ranked from low to high as green, blue, purple to orange, and each level of rarity corresponds to the cultivation value of Heroes. Players will gain a Blindbox in game by obtaining Mystery Boxes in your wallet from Binance. Each Blindbox will randomly spawn one Gen 0 Hero upon opening in BurgerCities. The rarity of the Gen 0 Hero include R (Blue Gen 0 Hero), SR (Purple Gen 0 Hero).
Leading BNB Chain DEX PancakeSwap Plans Multichain Expansion
The redirection of $CAKE for the DEX’s multichain expansion goals is necessary to ensure a fast-tracked expansion process which will be aided by having a “war chest” of $CAKE from a designated Multichain Farm Emissions allocation, the proposal states. According to PancakeSwap, the proposed redirection will not harm its already established success on BNB Chain, where it has a Total Value Locked (TVL) of $2.8 billion, which accounts for 54.4% of BNB Chain’s overall TVL. On how the Multichain Farm Emissions is designed to function, PancakeSwap said that it intends to select trading pairs with the most TVL, user growth, and potential to incentivize with CAKE.
The redirection of $CAKE for the DEX’s multichain expansion goals is necessary to ensure a fast-tracked expansion process which will be aided by having a “war chest” of $CAKE from a designated Multichain Farm Emissions allocation, the proposal states. According to PancakeSwap, the proposed redirection will not harm its already established success on BNB Chain, where it has a Total Value Locked (TVL) of $2.8 billion, which accounts for 54.4% of BNB Chain’s overall TVL. On how the Multichain Farm Emissions is designed to function, PancakeSwap said that it intends to select trading pairs with the most TVL, user growth, and potential to incentivize with CAKE.