Ethereum Optimism Unveils Token With Entire Airdrop Season

Ethereum scalability solution Optimism revealed their governance token, called OP. This will mark the beginning of a transformation process for the Optimism ecosystem. It aims and providing users with more power with a unique governance system. Related Reading | Bitcoin Beneath Key Support Level; What’s Next? Control via two entities, the Citizens’ House and the Token […]

Here’s why the growth of token staking could be bullish for Lido (LDO)

Liquid staking has grown in popularity over the past year thanks in part to the launch of the Ethereum beacon chain and the inability of ETH stakers to withdraw their tokens until the full launch of the consensus layer.  As a result, Lido (LDO) has established itself as a leader in the liquid staking sector. Lido is […]

Bitcoin’s Correlation With Gold-Backed PAXG Token Weakens to Record Low

“This reflects BTC’s increasing correlation with macro stock indices as well as its recent behavior as a risk asset rather than a store-of-value, and points to price turbulence ahead as markets digest the impact of further inflation and liquidity withdrawals,” Noelle Acheson, head of market insights at CoinDesk’s sister concern Genesis Global said. Source link

Crypto Lender Celsius Says Its CEL Token Faces ‘Regulatory Risks’

“As with other digital assets, CEL is susceptible to a wide variety of risks” including coin thieves, lost keys, irreversible transactions and failing chains, the clause has read (with minor verbiage shifts) since October 2021. The April 2022 update places “regulatory risks” up there, too. Source link

0x Protocol’s Token Surges Over 47% After Coinbase NFT partnership

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part […]

Near-Based Defi Protocol Bastion to Launch $BSTN Token at a $180M Valuation

Bastion’s rapid growth comes as the core pieces of DeFi infrastructure are being built out on Near. Near, which boasts fewer projects than competing layer 1s such as Ethereum, Avalanche, Solana or Luna, has yet to see a DeFi project hit the $1 billion TVL milestone. Source link

DeFi token AAVE eyes 40% rally in May but ‘bull trap’ risks remain

A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests. AAVE price rebounds from key support Dubbed a “rising wedge,” the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It […]

Optimism-based projects spike on rumors of token airdrop

The native token prices from multiple projects that employ Ethereum Layer 2 scaling solution Optimism have spiked around 20% amid rumors that the network will soon launch a token and airdrop it to the community. Optimism is a Layer 2 scaling solution that utilizes Optimistic rollups to process a high amount of transactions off the […]

Atari claims its namesake token is now ‘unlicensed’ as it terminates blockchain joint venture

In a statement published by former video-game giant Atari on Monday, the firm says it has, effective immediately, terminated all license agreements with its joint venture partner ICICB Group and its subsidiaries. Previously, the two jointly created the Atari Chain and the namesake Atari Token (ATRI). However, the company has had a change of heart regarding […]

DeFi Giant Yearn Leads the Way on ERC-4626 Token Standard Adoption

Indeed, developers from across the DeFi ecosystem, not just Yearn, are already building on ERC-4626, Santoro said. The standard, first proposed in January and finalized in March, is now being implemented by the likes of Alchemix, Balancer, Rari Capital, Fei Protocol and Open Zeppelin. Source link