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The TON Foundation and Curve Finance have partnered to incubate a new stable swap project on the TON blockchain. The initiative will use Curve's advanced CFMM technology to streamline stablecoin swaps, improve the user experience, and reduce price fluctuations during trades. Curve founder Michael Egorov will serve as an advisor to the project.
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WalletConnect is planning to launch its token, Connect (#WCT), and conduct an airdrop of 185 million WCT tokens.
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JUST IN πŸ—½ : πŸ‡ΊπŸ‡Έ Gunshots fired at Donald Trump's Golf Club, where he was golfing, but is currently safe
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Binance has revealed that its 59th Launchpool project is Catizen (CATI), a cat-themed game developed on the Telegram mini-program platform with backing from Binance Labs. This marks the fifth TON ecosystem token launched by Binance in recent times.
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The average fee for stablecoin transfers on L2 networks is $0.01. Currently, up to 7% of all stablecoin transactions are processed through L2 solutions, and this percentage is expected to rise as trust in L2 technology continues to grow.
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Nubank, the largest digital bank in Latin America, announced that it will discontinue its operations with its native cryptocurrency, Nucoin. Customers holding at least R$100 in Nucoins will be able to convert them into Bitcoin or USDC, as reported by Portal do Bitcoin.
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Polygon Labs and Fabric Cryptography have introduced custom ZK chips to accelerate the development of AggLayer. These chips are designed to enhance efficiency and speed in zero-knowledge proof processes, contributing to the advancement of AggLayer's capabilities.
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Tether, the issuer of USDT, has acquired a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million. This move is part of Tether's strategy to diversify its investments into the agriculture and food sectors. Adecoagro is a leading milk producer in Argentina and oversees more than 193,000 hectares of sugarcane in Brazil, producing both refined sugar and ethanol.
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Switzerland's fourth-largest bank, Cantonal Bank Zurich (ZKB), has introduced cryptocurrency trading and storage services, supporting Bitcoin and Ethereum. These services are seamlessly integrated into ZKB's existing platforms, such as electronic and mobile banking, allowing customers to trade cryptocurrencies 24/7.
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Binance will launch DOGS/USD futures (with 20x leverage) on September 10.
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A Nigerian judge has postponed the decision on Tigran Gambaryan's bail application.
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In a recent video, Cardano's founder Charles Hoskinson criticized Bitcoin for not keeping up with innovation, suggesting it could lose its leading position in the market. Bitcoin supporter Tuur Demeester responded by noting that Cardano's market share compared to Bitcoin has decreased from 10% to just 1% over the last three years. He also mentioned that ADA has dropped out of the top ten cryptocurrencies, with its price down 89.2% from its peak in September 2021.
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Scammers swindled 250,000 USDT from a Kyiv entrepreneur. Four criminals, posing as law enforcement officers, intimidated the man with false criminal charges. To "resolve the issue," they demanded 10 million hryvnias in cryptocurrency. The police have arrested the fraudsters, who now face up to 12 years in prison.
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Dune Hey Protocol https://dune.com/amir007/lens-protocol-ranking
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FarCon line up
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the most electric standing room only energy at FarHack with 200+ people who sticking around on the last day of FarCon to see the top 10 projects selected by judges the crowd chose the FarHack winner, Memecaster.
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April protocol stats - 85K DAU single day ATH - First month averaging 70K+ DAU - First month with 200K+ MAU; +30% MoM
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All Farcaster NFT
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Farcaster uses a new type of consensus model. Read more about it in the post below.
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