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Binance Futures will launch the USDⓈ-M USTC Perpetual Contract at 2023-11-27 12:30 UTC, with up to 50x leverage.
The USTC price has increased by ~275% in 24 hours.
https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-m-ustc-perpetual-contract-with-up-to-50x-leverage-91deccb2e146483383617db8b8fcaba1
KyberSwap team recovered a total of ~$5.7m after a $47m hack.
The hacker got 10% as a bounty.
https://x.com/KyberNetwork/status/1728800315955437743
Stablecoin supplies has increased by an additional $2.2bn over the past two weeks - now up 2.8% over the past 90 days.
https://twitter.com/WClementeIII/status/1728881909168763009
Bounce Finance has introduced the launch of BitStable Protocol (BSSB) token.
BitStable Protocol is the platform through which anyone from anywhere can generate the DAII stablecoin against bitcoin ecosystem collateral assets.
Date: at 4:00 UTC on Nov 29th
Total Supply: 21,000,000 BSSB
Total Raise: $500,000
BSSB Token Launch on Bounce will be conducted in 2 rounds:
1. 60% for a Staking Auction (Stake AUCTION tokens to earn proportional BSSB allocations)
2. 40% for a Fixed Price Auction (1 BSSB = 0.0000233 ETH)
https://x.com/bounce_finance/status/1728994515359310106
Crypto Market Daily Review ☀️
The market is down. Market cap is $1.44T. Bitcoin is trading at $37.3K
dropstab | icodrops | twitter | telegram
The USTC price has increased by 155% in 24 hours and USTC is now trading at $0.04.
https://dropstab.com/coins/terrausd
SIPHER grew 60% in 24 hours and entered the top 300 in FDV ($192m).
https://dropstab.com/coins/sipher
The Cosmos community voted to reduce the maximum inflation rate from 14% to 10% and the annualised staking yield from 19% to 13.4%.
https://www.mintscan.io/cosmos/proposals/848
Co-founder of Magic (TreasureDao) Karel Vuong said that they are currently building a gaming blockchain and plan to use the MAGIC token as a gas.
It is very likely that the blockchain will be based on Arbitrum.
https://twitter.com/karelvuong/status/1728242284251283955
A whale or unknown fund address '0x59a6' deposited 15,000 stETH ($31.52M) into Blast, making it the largest depositor on the Blast bridge.
https://x.com/0xscopescan/status/1728354863892029845
Coinbase and MicroStrategy shares hit a new high since early 2022.
https://www.tradingview.com/chart/?symbol=NASDAQ%3AMSTR
LooksRare has updated tokenomics and started burning LOOKS.
50% of fees from new initiatives, including YOLO and Raffles, now goes towards buying LOOKS out of the market.
https://docs.looksrare.org/blog/the-big-looks-tokenomics-update
STEPN has presented its brand new MOOAR Genesis Sneakers.
https://x.com/stepnofficial/status/1728049354324279588
Binance Labs, BNB Chain and CMC Labs launch the seventh phase of the MVB VII incubation program, to incubate 100 early-stage projects.
Applications are open until 23:59 UTC on January 15, 2024.
The MVB program has also expanded to include two tracks.
The first is the Startup Track, which sees the program continuously admit and advise on new startups, facilitating the acceleration of their growth.
The second is the newly added Founder Track, which serves as a venture studio committed to incubating 100 innovative ideas that address real-world needs.
https://www.bnbchain.org/en/blog/mvb-accelerator-program-teams-up-with-cmc-labs-to-launch-new-founder-track-aiming-to-incubate-100-new-projects-on-bnb-chain
Bybit announced a new launchpad project - 5ire.
Date: on November 28, 10:00 UTC
/channel/Bybit_Announcements/2909
Binance will delist BTS, PERL, TORN, WTC on 2023-12-07.
https://www.binance.com/en/support/announcement/binance-will-delist-bts-perl-torn-wtc-on-2023-12-07-d24dd4a035c443b1ad8cf49f60b9d194
Dan Robinson (researcher at Paradigm)said that Paradigm does not agree with the Blast decision to launch the bridge before the L2, or not to allow withdrawals for three months.
https://twitter.com/danrobinson/status/1728817674543862023
At the Devconnect conference in Turkey, Vitalik Buterin said he plans to rework Ethereum's staking and address issues affecting performance.
He recognises the UTXO payment model and hopes to integrate private mempools, ERC-4337, code pre-compilation, ZK-EVM and liquid staking into Ethereum.
Vitalik also expressed concern about the growing concentration of Ethereum liquid stabling in the proof-of-stake model.
https://www.youtube.com/watch?v=MWaNej58Wn0&t=6s
SBI Holdings has concluded a Memorandum of Understanding with Circle to circulate USDC stablecoins, establish a banking relationship and promote the use of Circle’s Web3 Services in Japan.
The Japanese government revised the Payment Services Act, on June 3, 2023 to establish regulations for stablecoins.
https://www.circle.com/en/pressroom/sbi-holdings-partners-with-circle-to-pioneer-digital-currency-innovation-in-japan-with-usdc-banking-and-web3-services
CEO of Binance Richard Teng posted a photo with Khabib and Ronaldo.
Users are waiting for new announcements of Binance's collaborations with celebrities.
https://twitter.com/_RichardTeng/status/1728770225896862052
ImmutableX TVL rose 39% in a week to $215 million.
https://l2beat.com/scaling/projects/immutablex
Binance's $4.3bn penalty stands as the seventh-highest financial fine ever recorded in history and one of the largest criminal penalties in US history.
https://twitter.com/TELO_OFFICIAL/status/1727078269558919575
Polkadot will abandon its parachain auction system in the next six months and replace it with Agile Coretime or Bulk Coretime.
Also in development is a bridge that will connect Ethereum, Polkadot and Kusama.
https://www.youtube.com/watch?v=R8OCl3DGA7o
Solana ranked second among all blockchains in terms of NFT sales in history.
https://www.cryptoslam.io/blockchains
The current Avalanche Web Wallet at wallet.avax.network will be phased out on November 30th.
All staking needs can now be found with Core Stake.
https://x.com/avax/status/1728095677518074249
At present, HTX has resumed TRC20 USDT deposit and withdrawal services, as well as deposits for BTC after the hack.
https://www.htx.com/support/en-us/detail/24955208177843
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The largest recipient of BLUR airdrop, Hanwe (@HanweChang), sold all tokens received ( $7.2 million BLUR).
https://twitter.com/ArkhamIntel/status/1728001626307174592
💧Current state of the market in our weekly overview
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Ethereum (ETH) has risen back above $2,100 and is preparing to renew local highs.
https://dropstab.com/coins/ethereum