Patricia

@patricia01

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Tether to Introduce Dirham Stablecoin in Partnership with UAE Partners Phoenix Group PLC and Green Acorn Investments Ltd., two UAE-based businesses, have partnered with Tether to establish a new stablecoin linked to the dirham. On August 21, leading stablecoin issuer Tether announced the launch of a stablecoin pegged to the United Arab Emirates dirham (AED). This move is part of a strategic partnership with two prominent UAE-based companies, Phoenix Group PLC and Green Acorn Investments Ltd.

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The EigenLayer Foundation has announced an upcoming rewards program that will reward stakers and operators for securing Actively Validated Services. Ethereum restaking protocol is also introducing a new incentive program that will offer 4% of the EigenLayer (EIGEN) total supply. EigenLayer links different restaking protocols, and stakers and operators help secure AVSs by restaking their ETH. In return, they receive staking rewards. When the new initiatives launch, it will be the first time the stakers and node operators get token-based rewards directly from AVSs via the EigenLayer protocol. Meanwhile, 4% of the supply will be shared with recipients through “rewards boost” distributions as part of the new EIGEN programmatic incentives program. In this case, stakers and operators will receive rewards proportional to AVSs’ distribution. What it means is that the more AVSs a network participant supports, the more tokens the EigenLayer Foundation will distribute to them.

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Hey, world! 🌍

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Jade City, a real-world asset (RWA) platform, is planning to launch its token by the end of the year, with the firm aiming to change the way precious commodities are accessed and traded. There are two business segments, Jade Vault and Jade City, the firm’s CEO William Ralston Saul told CryptoNews. The jade mining and tokenization businesses have already made significant strides with fund raising intiatives and in the world of digital finance and precious minerals, said Ralston Saul. So far, Jade Vault, the jadeite storage and trading company has raised $2.1 million to kickstart the production of a jade mine in Kazakhstan. This investment is a critical step towards tapping into one of the world’s most coveted and historically significant gemstones. Simultaneously, Jade City is planning to secure $1.8 million in a private funding round. So far, Jade City has raised $300,000 bringing the total capital raised for the Jade business to $2.4 million

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https://warpcast.com/smartarena/0x3ebe8136

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Illegal crypto mining operators in Malaysia have stolen $723 million worth of electricity between 2018 and 2023. Malaysia’s Deputy Minister of Energy Transition and Water Transformation, Akmal Nasrullah Mohd Nasir, revealed this during an event where approximately $467,000 worth of seized items, including Bitcoin mining machines and electrical equipment, were destroyed. Nasir emphasized that these illicit mining operations not only harm Malaysia’s state-controlled power operator but also impact local communities in affected areas.

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The end of the week brought more outflows from spot Bitcoin (BTC) exchange-traded funds (ETFs), pushing the total net outflows for these products to more than $544 million. According to Farside Investors, spot Bitcoin ETFs saw net outflows amounting to $105.9 million on June 21, making it the sixth successive day with outflows exceeding $100 million. The bulk of these outflows came from three major funds: the Fidelity Wise Origin Bitcoin Fund (FBTC) with $44.8 million, the Grayscale Bitcoin Trust (GBTC) with $34.2 million, and the ARK 21Shares Bitcoin ETF (ARKB) with $28.8 million going out.

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Mint 04 CryproGrandmother 😀

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Artificial intelligence (AI) is rapidly advancing, yet its development and deployment are largely controlled by a few powerful entities. This concentration of power raises significant concerns about privacy, security, and fairness. As AI continues to transform industries and societies, it is crucial to explore solutions that can democratize its benefits and mitigate its risks. Blockchain technology offers a promising path forward by enabling decentralized, transparent, and secure AI systems.

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Mint Farcaster OG

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I Love /warpcast 😍 😍

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GM guys! How are you?

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