📣 Jumbo Raises $3.5M to Deliver Its Decentralized Exchange Ecosystem to the NEAR Protocol
Jumbo, a leading decentralized exchange built on the NEAR Protocol, is proud to announce the successful completion of a $3.5 million fundraising round led by Pantera and Huobi Incubator, with additional funding from DWEB3, D21 Ventures, Metaweb Ventures, Fundamental Labs, Proximity, and Genblock Capital. The funds contributed to developing the user-friendly design and feature offerings that have positioned Jumbo as one of the largest DEXs on NEAR since its establishment in late 2021. Jumbo Exchange also employs HAPI, a novel security system that uses know-your-transaction (KYT) technology to ensure safety and security of users."Thanks to the trust of investors, Jumbo is delivering a user-friendly exchange experience that is rapidly developing, keeping pace with market demands and with the NEAR ecosystem," said Alex Dyatlenko, CEO of Jumbo.
Jumbo, a leading decentralized exchange built on the NEAR Protocol, is proud to announce the successful completion of a $3.5 million fundraising round led by Pantera and Huobi Incubator, with additional funding from DWEB3, D21 Ventures, Metaweb Ventures, Fundamental Labs, Proximity, and Genblock Capital. The funds contributed to developing the user-friendly design and feature offerings that have positioned Jumbo as one of the largest DEXs on NEAR since its establishment in late 2021. Jumbo Exchange also employs HAPI, a novel security system that uses know-your-transaction (KYT) technology to ensure safety and security of users."Thanks to the trust of investors, Jumbo is delivering a user-friendly exchange experience that is rapidly developing, keeping pace with market demands and with the NEAR ecosystem," said Alex Dyatlenko, CEO of Jumbo.
The United States has arrested and charged 24-year-old French citizen Aurelian Michel for defrauding purchasers of the "Mutant Ape Planet" NFT collection (
mutantapeplanetnft) out of $2.9 million.
During the NFT bull run of 2021-2022, there were so many scams and rug-pulls that it was impossible to keep track of.
But it seems like the US government was watching closely.
mutantapeplanetnft) out of $2.9 million.
During the NFT bull run of 2021-2022, there were so many scams and rug-pulls that it was impossible to keep track of.
But it seems like the US government was watching closely.
🪙 PancakeSwap Attains Majority Share of TVL on Aptos Chain
PancakeSwap now accounts for more than 50% of the TVL on the growing Aptos chain, mirroring its status as the dominant DEX on BNB Chain. The chefs have done it again. PancakeSwap has broken the 50% barrier in terms of Total Value Locked (TVL) on the Aptos blockchain, meaning the majority of Decentralized Finance (DeFi) funds are on the platform.PancakeSwap is not only the dominant Decentralized Exchange (DEX) on both BNB Chain and Aptos, but it is head-and-shoulders above competing DeFi Decentralized Applications (Dapps) on those chains. The DEX marked its Aptos achievement with a celebratory Tweet.
PancakeSwap now accounts for more than 50% of the TVL on the growing Aptos chain, mirroring its status as the dominant DEX on BNB Chain. The chefs have done it again. PancakeSwap has broken the 50% barrier in terms of Total Value Locked (TVL) on the Aptos blockchain, meaning the majority of Decentralized Finance (DeFi) funds are on the platform.PancakeSwap is not only the dominant Decentralized Exchange (DEX) on both BNB Chain and Aptos, but it is head-and-shoulders above competing DeFi Decentralized Applications (Dapps) on those chains. The DEX marked its Aptos achievement with a celebratory Tweet.
One of the world's largest banks, Morgan Stanley, bought shares of GBTC, the second-largest holder of BTC
Morgan Stanley Europe Opportunity Fund said it bought $3.6 million worth of shares in Grayscale Bitcoin Trust (GBTC).
Morgan Stanley is the largest investment bank in the world with $6.5 trillion in funds under management. This is very important news for the market.
Morgan Stanley Europe Opportunity Fund said it bought $3.6 million worth of shares in Grayscale Bitcoin Trust (GBTC).
Morgan Stanley is the largest investment bank in the world with $6.5 trillion in funds under management. This is very important news for the market.
📣 Position Exchange Announces Launch of Decentralized Perpetual Trading Protocol
After a long period of unremitting efforts, Position Exchange is overwhelmingly honoured to announce that our Decentralized Perpetual Trading Protocol (DPTP) 2.0 - a 100% decentralized futures trading platform, has been officially released. On July 28, 2021, Position Exchange introduced itself to the world for the first time. A journey has gone by full of up-and-down events. Despite the crypto market volatility, the team has kept an optimistic outlook and, side by side built Position Exchange to become the ultimate crypto platform for all DeFi users. At the moment, Position Exchange has gained almost 720 thousand POSI holders, over $6.2 million Total Value Locked and numerous new features to be introduced.
After a long period of unremitting efforts, Position Exchange is overwhelmingly honoured to announce that our Decentralized Perpetual Trading Protocol (DPTP) 2.0 - a 100% decentralized futures trading platform, has been officially released. On July 28, 2021, Position Exchange introduced itself to the world for the first time. A journey has gone by full of up-and-down events. Despite the crypto market volatility, the team has kept an optimistic outlook and, side by side built Position Exchange to become the ultimate crypto platform for all DeFi users. At the moment, Position Exchange has gained almost 720 thousand POSI holders, over $6.2 million Total Value Locked and numerous new features to be introduced.
NFT Inspect, a popular research tool used to measure the value of NFTs, announced via a tweet that it is closing its services on January 17.
The news comes as sales and trading volumes of NFT plummet. Data reveals that NFTs fell 77% to $1.7 billion in the Q3 of last year from Q2. An 84% decrease in resell profit was recorded during this period.
The news comes as sales and trading volumes of NFT plummet. Data reveals that NFTs fell 77% to $1.7 billion in the Q3 of last year from Q2. An 84% decrease in resell profit was recorded during this period.
Game of Thrones finally dropped their highly anticipated NFT launch, and it sold out in just 7 hours after its release on Nifty's NFT marketplace.
Many on Twitter are now complaining over the quality of the collection's art, especially when compared to the quality of the show's art direction and visuals.
Many on Twitter are now complaining over the quality of the collection's art, especially when compared to the quality of the show's art direction and visuals.
🪙 PancakeSwap Leads with Daily Active Users - DAU
According to data from Token Terminal, a platform that aggregates financial data on the leading blockchains and decentralized applications (dapps), PancakeSwap is currently topping the charts for Daily Active Users - DAU. The achievement reinforces the dominance of the leading Decentralized Exchange (DEX) on BNB Chain after recently achieving over 50% dominance of the Total Value Locked (TVL) on the Aptos blockchain. PancakeSwap has also been live on Ethereum since September 2022, having earlier announced its plans for a potential multichain expansion.PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.
According to data from Token Terminal, a platform that aggregates financial data on the leading blockchains and decentralized applications (dapps), PancakeSwap is currently topping the charts for Daily Active Users - DAU. The achievement reinforces the dominance of the leading Decentralized Exchange (DEX) on BNB Chain after recently achieving over 50% dominance of the Total Value Locked (TVL) on the Aptos blockchain. PancakeSwap has also been live on Ethereum since September 2022, having earlier announced its plans for a potential multichain expansion.PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.
OpenAI this week signaled it’ll soon begin charging for ChatGPT.
In an announcement on the company’s official Discord server, OpenAI said that it’s “starting to think about how to monetize ChatGPT” as one of the ways to “ensure long-term viability.”
The monetized version of ChatGPT will be called ChatGPT Professional.
In an announcement on the company’s official Discord server, OpenAI said that it’s “starting to think about how to monetize ChatGPT” as one of the ways to “ensure long-term viability.”
The monetized version of ChatGPT will be called ChatGPT Professional.
💰 DOJ Investigating Solana’s Stablecoin Dex Saber Labs
Amidst many growing concerns regarding projects over Solana network, a new issue reported related to the same. People with familiarity with the matter stated the United States Department of Justice (DOJ) proceeded with the investigation over Saber Labs creator brothers, Ian and Dylan Macalinao. The platform is a stablecoin exchange based on Solana. The investigations are said to be the result of a report published in August noting the brothers duo created an interlocking financial products ecosystem by using eleven pseudonymous identities. These products are said to make the crypto deposits reach to double and even triple the count simply by passing on the tokens. Behind Solana’s bull run of 2021, this instance acted as a key factor.
Amidst many growing concerns regarding projects over Solana network, a new issue reported related to the same. People with familiarity with the matter stated the United States Department of Justice (DOJ) proceeded with the investigation over Saber Labs creator brothers, Ian and Dylan Macalinao. The platform is a stablecoin exchange based on Solana. The investigations are said to be the result of a report published in August noting the brothers duo created an interlocking financial products ecosystem by using eleven pseudonymous identities. These products are said to make the crypto deposits reach to double and even triple the count simply by passing on the tokens. Behind Solana’s bull run of 2021, this instance acted as a key factor.
Apple announced a launch of mixed-reality headset, which may be called the “Reality Pro”, in 2023 spring as its first major step into the metaverse.
The headset is a combination of augmented reality (AR) and virtual reality (VR) that will reportedly work with other Apple devices. It is expected to have a premium price tag of up to $3,000.
The headset is a combination of augmented reality (AR) and virtual reality (VR) that will reportedly work with other Apple devices. It is expected to have a premium price tag of up to $3,000.
📣 Decentralized Exchange Trading Volumes Remain Lackluster in the New Year, Uniswap Leads the Way with Daily Swaps
According to statistics, decentralized exchange (dex) monthly trading volumes have dropped significantly since Jan. 2022. After a brief spike in volume in Nov. 2022, dex trade volumes have been lackluster for the past 44 days. As of Jan. 14, 2023, Uniswap version three (V3) has the highest trade volume during the past 24 hours at $1.9 billion and the second-highest total value locked (TVL) at $3.57 billion. Metrics show that Curve holds the second-largest trade volume on Saturday with $399 million in 24 hours and the highest TVL in terms of assets locked in dex platforms, with $4.19 billion locked.
According to statistics, decentralized exchange (dex) monthly trading volumes have dropped significantly since Jan. 2022. After a brief spike in volume in Nov. 2022, dex trade volumes have been lackluster for the past 44 days. As of Jan. 14, 2023, Uniswap version three (V3) has the highest trade volume during the past 24 hours at $1.9 billion and the second-highest total value locked (TVL) at $3.57 billion. Metrics show that Curve holds the second-largest trade volume on Saturday with $399 million in 24 hours and the highest TVL in terms of assets locked in dex platforms, with $4.19 billion locked.
NFTs have a brighter future on Instagram than on Twitter
The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030.
This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value proposition and recent events, it is evident that Instagram currently has more in its favor.
The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030.
This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value proposition and recent events, it is evident that Instagram currently has more in its favor.
💰 SushiSwap’s Jared Grey Unveils “10x Market Share” Plan
SushiSwap’s new initiatives for “revitalizing SushiSwap” will focus on scalability and sustainability. Grey’s announcement further stated: “by executing our vision, we intend to 10x our market share in 2023.”. Positioning Sushi as a market-leading, community-centric DEX via “deep liquidity, optimal pricing, sustainable tokenomics,” and a user-friendly platform. Maintaining a decentralized organizational structure to promote product autonomy via best principles like “self-custody, equitable governance, & permissionless trading.”. Implementing newly optimized tokenomics and improving liquidity, sustainability, community ownership, and DAO treasury diversification.
SushiSwap’s new initiatives for “revitalizing SushiSwap” will focus on scalability and sustainability. Grey’s announcement further stated: “by executing our vision, we intend to 10x our market share in 2023.”. Positioning Sushi as a market-leading, community-centric DEX via “deep liquidity, optimal pricing, sustainable tokenomics,” and a user-friendly platform. Maintaining a decentralized organizational structure to promote product autonomy via best principles like “self-custody, equitable governance, & permissionless trading.”. Implementing newly optimized tokenomics and improving liquidity, sustainability, community ownership, and DAO treasury diversification.
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Logan Paul has released a video explaining his 3-step plan for CryptoZoo, including a $1.3M rewards program for disappointed players.
In the video, Logan publicly thanks coffeebreak_yt for his work, explains that a full internal investigation is happening and the bad actors involved with his project will be held accountable.
In the video, Logan publicly thanks coffeebreak_yt for his work, explains that a full internal investigation is happening and the bad actors involved with his project will be held accountable.
💰 1inch Network enters the hardware wallet business
Decentralized exchange aggregator 1inch Network has developed a hardware wallet that aims to provide a secure device for crypto users to hold their assets. The hardware wallet will be a physical device that claims to offer a secure way to store users' private keys offline. 1inch's hardware wallet is undergoing its final stages of development and testing before being released for sale later this year, 1inch said in a statement shared with The Block. Once launched, it will compete with larger players in the hardware wallet niche, such as Ledger and Trezor. The 1inch Foundation-supported hardware wallet will have a 2.7-inch touch display. The wallet will be a wireless device, will run on a rechargeable battery, and users can sign transactions wireless using QR codes or NFC technology.
Decentralized exchange aggregator 1inch Network has developed a hardware wallet that aims to provide a secure device for crypto users to hold their assets. The hardware wallet will be a physical device that claims to offer a secure way to store users' private keys offline. 1inch's hardware wallet is undergoing its final stages of development and testing before being released for sale later this year, 1inch said in a statement shared with The Block. Once launched, it will compete with larger players in the hardware wallet niche, such as Ledger and Trezor. The 1inch Foundation-supported hardware wallet will have a 2.7-inch touch display. The wallet will be a wireless device, will run on a rechargeable battery, and users can sign transactions wireless using QR codes or NFC technology.
NFT blue-chip Azuki's new virtual city Hilumia touches physical and digital worlds
The blue-chip NFT project Azuki has launched a virtual city called Hilumia. Hilumia boasts a toy store, arcade center, gym and even a romance competition called "Love Island." The virtual city launched earlier this week to celebrate Azuki's one-year anniversary.
Hilumia is an interactive virtual city that is shaped by the community and will expand over time," the firm told The Block, adding that its native Physical Backed Token (PBT) threads its ecosystem together. "PBT will also play a part in how Azuki bridges digital and physical. For example, the owners of the physical golden skateboard, upon scanning the PBT, will be enshrined in the Ruins. Azuki universe, connected to Hilumia and the bustling marketplace called Alley.
The blue-chip NFT project Azuki has launched a virtual city called Hilumia. Hilumia boasts a toy store, arcade center, gym and even a romance competition called "Love Island." The virtual city launched earlier this week to celebrate Azuki's one-year anniversary.
Hilumia is an interactive virtual city that is shaped by the community and will expand over time," the firm told The Block, adding that its native Physical Backed Token (PBT) threads its ecosystem together. "PBT will also play a part in how Azuki bridges digital and physical. For example, the owners of the physical golden skateboard, upon scanning the PBT, will be enshrined in the Ruins. Azuki universe, connected to Hilumia and the bustling marketplace called Alley.