Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has integrated Circle’s Cross-Chain Transfer Protocol (CCTP) to make it easy for users to transfer USDC across chains.
https://www.coindesk.com/tech/2024/01/16/chainlink-teams-up-with-circle-to-allow-cross-chain-stablecoin-transfers/
Solana Mobile has introduced the second smartphone.
▫️ 20,000 Sagas
▫️ The initial “Founder Window” preorder deposit is $450.
https://x.com/solanamobile/status/1747302707273089133
Bware Labs is the recipient of over 65k OP through Optimism’s RetroPGF Round 3.
https://x.com/bwarelabs/status/1746902664925913572
Manta Pacific beat Base in TVL and finished fourth in the Layer 2 rankings
https://l2beat.com/scaling/summary
Arthur Hayes believes Bitcoin ETFs could bring in billions from TradFi.
https://www.coindesk.com/markets/2024/01/16/arthur-hayes-believes-bitcoin-etfs-could-bring-in-billions-from-tradfi/
The TUSD stablecoin dropped to $0.985.
“The massive selloff of TUSD reveals panic for its holders over the uncertainties of its reserves and instability related to Poloniex. After a recent hacking incident that targeted Poloniex, TUSD holders find themselves in an increasingly difficult situation to find stability with the USD-pegged stablecoin,” Nick Ruck, chief operating officer of ContentFi Labs, told The Block.
https://www.theblock.co/post/272736/trueusd-drops-below-1-peg-to-0-985-amid-selloff
Solana Mobile plans to launch a second smartphone, a person familiar with the matter said.
The upcoming phone will have the same basic features as its predecessor, called Saga: an onboard crypto wallet, custom Android software and a "dApp store" for crypto applications – but at a cheaper price point and with different hardware, the person said.
https://www.coindesk.com/business/2024/01/16/solana-mobile-to-sell-second-crypto-smartphone-source/
Fantom reduced the validator self-stake requirement from 500k to 50k FTM.
https://x.com/fantomfdn/status/1746929222202118345
XION unveils Generalized Abstraction Testnet ahead of Mainnet in Q1 2024.
Previously, it raised $11M and is backed by Circle Ventures, Multicoin, Animoca, Spartan, HashKey and more.
https://x.com/burnt_xion/status/1746910163645112445
Mercedes-Benz has unveiled an update to its in-car virtual assistant that includes an NFT gallery and AI voice assistant.
https://group.mercedes-benz.com/innovation/product-innovation/technology/ces-2024.html
💧Top Funding Rounds in the Last Week
👉 https://dropstab.com/insights/latest-fundraising-rounds
Binance Research introduced a study of 2023 trends and promising trends in 2024.
https://www.binance.com/en/research/analysis/full-year-2023-and-themes-for-2024
A United Nations report published Monday suggested that USDT has become a payment method for money laundering and scams in Southeast Asia, according to the Financial Times.
https://www.theblock.co/post/272568/usdt-fraud-southeast-asia-united-nations
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.70T. Bitcoin is trading at $42.6K
dropstab | icodrops | twitter | telegram
The Bitcoin price was trading below $42,000 in the moment.
BTC is now trading at $42,520.
https://dropstab.com/coins/bitcoin
A federal court in the U.S. has accepted the validity of using information contained in a Bitcoin transaction to notify a defendant about a civil action.
The case, believed to be the first where this method is accepted, might help solve hundreds of cryptocurrency theft cases in which the attacker’s identity is unknown.
https://news.bitcoin.com/court-uses-bitcoin-blockchain-for-legal-summons-revolutionizing-defendant-notification/#google_vignette
DojoSwap announced the next project on its launchpad — Ninjaroll.
Ninjaroll is a decentralized gaming platform built on Injective.
Start: January 19, 9:00 UTC
Price: 0.000625 INJ ($0.25)
https://dojo.trading/launchpad
Binance will remove and cease trading on the following spot trading pairs:
At 2024-01-19 03:00 UTC: DAR/BNB, DEXE/ETH, ID/BNB, POLS/BTC.
https://www.binance.com/en/support/announcement/notice-of-removal-of-spot-trading-pairs-2024-01-19-44f3c7f4136b40dda2c93ad0ecc2c0a9
Nyan Heroes has announced its Early Access Play-to-Airdrop campaign.
https://nyanheroes.medium.com/nyan-heroes-early-access-play-to-airdrop-announcement-2024-11e4a88eecb7
The hearing on Coinbase’s Motion for Judgment on the Pleadings will be held on Wednesday, Jan 17.
https://x.com/metalawman/status/1746187846191321163
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.71T. Bitcoin is trading at $42.8K
dropstab | icodrops | twitter | telegram
Elon Musk's X receives money transmitter license in Utah.
https://www.reuters.com/technology/elon-musks-x-receives-money-transmitter-license-utah-2024-01-15/
US SEC is willing to delay Terraform Labs trial for Do Kwon's extradition.
The SEC asked for April 15, to accommodate scheduling conflicts.
https://www.reuters.com/legal/us-sec-willing-delay-terraform-labs-trial-do-kwons-extradition-2024-01-15/
According to CoinGecko, over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died.
https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed
Manta Network has introduced its tokenomics.
https://mantanetwork.medium.com/manta-tokenomics-b226f911c84c
Binance has announced the 44th project on Binance Launchpool - Manta (MANTA).
Users will be able to stake their BNB and FDUSD into separate pools to farm MANTA tokens over two days, with farming starting from 2024-01-16 00:00 UTC.
Binance will then list MANTA at 2024-01-18 10:00 UTC and open trading with MANTA/BTC, MANTA/USDT, MANTA/BNB, MANTA/FDUSD and MANTA/TRY trading pairs.
https://www.binance.com/en/support/announcement/d408406a0b594b2d82206f7ea9ca60bc
South Korean payment service KakaoPay will stop providing cryptocurrency services from February 16.
https://www.kakaopay.com/news/notice_detail
Bithumb lists Radworks (RAD) and Magic (MAGIC).
The RAD price has increased by ~14% in 24 hours.
https://m-feed.bithumb.com/notice/1644416
Investing giant Vanguard disallowed investors access to spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) this week.
The firm has also announced that it will no longer accept the purchase of cryptocurrency products, including bitcoin futures ETFs.
Ark Invest CEO Cathie Wood called this decision “a terrible mistake” and “a strategic blunder.”
https://news.bitcoin.com/vanguard-deepens-anti-crypto-stance-after-disallowing-spot-bitcoin-etf-trading-ark-ceo-says-its-a-terrible-mistake/
With two days in the books, the nine Bitcoin ETFs have taken in +$1.4b in new cash, overwhelming GBTC's -$579m of outflows for net total of +$819m.
https://twitter.com/EricBalchunas/status/1746145426229669972