EigenLayer will offer apps a "shared security" mechanism
EigenLayer, the avant-garde restaking protocol, is poised to unravel a groundbreaking paradigm in the decentralized application sphere—introducing a novel “shared security” mechanism underpinned by a communal network reservoir. The revelations come from a comprehensive report by The Block, a herald of the impending evolution in EigenLayer's strategic architecture. EigenLayer ingeniously propounds the capacity to repurpose Ethereum (ETH) traversing the mainnet or coursing through the vein...
EigenLayer will offer apps a "shared security" mechanism
EigenLayer, the avant-garde restaking protocol, is poised to unravel a groundbreaking paradigm in the decentralized application sphere—introducing a novel “shared security” mechanism underpinned by a communal network reservoir. The revelations come from a comprehensive report by The Block, a herald of the impending evolution in EigenLayer's strategic architecture. EigenLayer ingeniously propounds the capacity to repurpose Ethereum (ETH) traversing the mainnet or coursing through the vein...
The ORDI meme token grew by 45% within 24 hours. Its capitalization exceeded $1.2 billion
The ORDI meme token has surged significantly, showcasing a remarkable growth of 45% in just 24 hours. Its impressive market capitalization now stands at over $1.2 billion, marking a historical milestone for BRC-20 crypto assets. Hitting the $60 mark, ORDI has solidified its position, currently occupying the 57th spot on CoinGecko's rating. Over the past week, it has soared by an astounding 198%. Notably, following its listing on Binance, the token experienced an exponential surge, witnes...
The ORDI meme token grew by 45% within 24 hours. Its capitalization exceeded $1.2 billion
The ORDI meme token has surged significantly, showcasing a remarkable growth of 45% in just 24 hours. Its impressive market capitalization now stands at over $1.2 billion, marking a historical milestone for BRC-20 crypto assets. Hitting the $60 mark, ORDI has solidified its position, currently occupying the 57th spot on CoinGecko's rating. Over the past week, it has soared by an astounding 198%. Notably, following its listing on Binance, the token experienced an exponential surge, witnes...
Real USD has lost its peg. The stablecoin rate fell by 50%
The real estate-backed stablecoin, Real USD (USDR), has experienced a significant loss of value, resulting in a 50% depreciation. Prior to this incident, USDR had maintained a stable peg to its target value. The stablecoin is issued by TangibleDAO, and it claimed to be "a new form of money backed by real estate" with the potential to provide an annual yield of 8-15%. The sudden loss of pegging is attributed to a significant wave of asset redemptions, as indicated by data on the project's...
Real USD has lost its peg. The stablecoin rate fell by 50%
The real estate-backed stablecoin, Real USD (USDR), has experienced a significant loss of value, resulting in a 50% depreciation. Prior to this incident, USDR had maintained a stable peg to its target value. The stablecoin is issued by TangibleDAO, and it claimed to be "a new form of money backed by real estate" with the potential to provide an annual yield of 8-15%. The sudden loss of pegging is attributed to a significant wave of asset redemptions, as indicated by data on the project's...
The court called on the SEC and Binance.US to cooperate
In a recent legal development, the court has opted not to compel Binance.US, the American arm of the global cryptocurrency exchange Binance, to furnish the U.S. Securities and Exchange Commission (SEC) with an extensive array of information pertaining to the handling of client assets. Instead, District Judge Zia Farooqui has issued a call for cooperation between the two parties involved. This decision comes amid allegations by the SEC that Binance.US had shown reluctance to collaborate in the...
The court called on the SEC and Binance.US to cooperate
In a recent legal development, the court has opted not to compel Binance.US, the American arm of the global cryptocurrency exchange Binance, to furnish the U.S. Securities and Exchange Commission (SEC) with an extensive array of information pertaining to the handling of client assets. Instead, District Judge Zia Farooqui has issued a call for cooperation between the two parties involved. This decision comes amid allegations by the SEC that Binance.US had shown reluctance to collaborate in the...
Experts evaluated the reliability of bitcoin exchanges through on-chain indicators
In the ever-evolving landscape of cryptocurrency exchanges, the evaluation of their reliability has become a topic of fervent discussion, guided by the intricate dance of on-chain indicators. Drawing inspiration from the lessons learned from the FTX collapse, the experts at Glassnode have cast a cautious eye towards the state of affairs at exchanges like Huobi, juxtaposing them against the backdrop of Coinbase and Binance. This analytical spotlight stems from the energetic conversations that ...
Experts evaluated the reliability of bitcoin exchanges through on-chain indicators
In the ever-evolving landscape of cryptocurrency exchanges, the evaluation of their reliability has become a topic of fervent discussion, guided by the intricate dance of on-chain indicators. Drawing inspiration from the lessons learned from the FTX collapse, the experts at Glassnode have cast a cautious eye towards the state of affairs at exchanges like Huobi, juxtaposing them against the backdrop of Coinbase and Binance. This analytical spotlight stems from the energetic conversations that ...
