Kategorie: Crypto Markets

• Pangolin, a multi-chain DEX platform, has surged to multi-month highs.
• PNG price reached highs of $0.31 as new team outlined comeback roadmap for the DEX

Pangolin (PNG), an Avalanche decentralized exchange (DEX) platform, is experiencing a price uptick as major altcoins struggle amid Bitcoin’s battle to keep the $50,000 level.

PNG is the native governance token of the Pangolin DEX. It is 100% distributed to the community with no team, advisors or investor allocations. The multi-chain DEX platform launched on Avalanche in 2021.

Pangolin (PNG) price soars

PNG rose more than 200% on Friday to trade at highs of $0.31 as 24-hour trading volume jumped to over $4.7 million. The surge in daily trading volume over the past day represents a staggering 5,500% increase, according to data from CoinMarketCap.

The Pangolin market cap has jumped to over $54 million, doubling over the past 24 hours.

Why is Pangolin price skyrocketing?

Gains for PNG price almost entirely constitute this past week’s upside, with the token having struggled to break above $0.12 since December.  

As well as the price, there’s been a rise in activity for the community-driven project. DeFiLlama shows a slight pick in TVL to $31.34 million. Pangolin’s sudden price surge comes as the DEX platform’s new team announced a roadmap aimed at returning it to its “former glory.”

Hey Fam,

As you know, me and my team have taken over the management of @pangolindex. While the transition process is not yet 100% complete, I believe it’s beneficial to share our upcoming development plans with you. We aim to restore #Pangolin to its former glory as soon as…

— Adam (@erd866x) February 20, 2024

Part of this roadmap includes the unveiling of a new UI/UX, introduction of new pools, token listings and a PangoVerse – a social media platform earmarked for rollout within a year.

Pangolin also announced support for BridgeSwap, bringing asset swaps across Ethereum, Avalanche and Binance Smart Chain to the platform.

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• Jeffrey Zirlin said the hack compromised two of his personal wallets.
• The breach reportedly did not impact Ronin chain’s validation or operational aspects.

Jeffrey Zirlin, co-founder of Sky Mavis, has confirmed that a hacker has compromised two of his personal wallets.

Data shared by blockchain security firm PeckShield shows that the hacker stole approximately 3,248 Ether, worth about $9.7 million. The attacker withdrew the loot from the Ronin Bridge, with transfers made to the crypto mixing platform Tornado Cash.

Zirlin, whose Sky Mavis is the firm behind popular crypto game Axie Infinity hosted on the Ronin sidechain, however noted that the attack did not impact Ronin.

“The attack is limited to my personal accounts, and has nothing to do with validation or operations of the Ronin chain,” Zirlin posted on X. 

“Additionally, the leaked keys have nothing to do with Sky Mavis operations. I want to assure everyone that we have strict security measures in place for all chain related activities.”

An exploit on Ronin in March 2023 saw hackers steal $625 million in crypto. Law enforcement and blockchain security providers later linked the attack to Lazarus Group, a North Korea-backed hacker group.

Ronin (RON) price fell sharply today following the Sky Mavis co-founder’s hack news, dipping from $3.17 to lows of $2.74. RON was down 6% in the past 24 hours. Meanwhile, Axie Infinity (AXS) near $7.78, largely flat on the day.

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• StarkWare updates token unlock schedule as interest in Bitcoin Dogs grows
• Bitcoin Dogs presale near $4 million milestone amid massive investor interest.
• Bitcoin Dogs’ token $0DOG is the first BRC-20 ICO on Bitcoin.

StarkWare, the developer firm supporting the Ethereum Layer-2 protocol Starknet, has heeded to community feedback, changing the unlock schedule of allocated STRK tokens. 

As the crypto community mulls what this means for Starknet ecosystem contributors, new crypto project Bitcoin Dogs continues to dominate the presale market. With its value proposition, it’s emerging as one of the best ICO projects today.

StarkWare adjusts token unlock

On Thursday, StarkWare announced an update to the unlocking schedule for the Starknet (STRK) token – news that saw the price of recently launched token rise sharply. The platform acted after criticism over a schedule that would have seen a massive chunk of the allocated 1.3 billion STRK unlocked in April.

The new schedule significantly cuts the amount of tokens to be unlocked and charts a gradual release over the next few years.

According to the revised schedule, 64 million, or 0.64% of the initial 10 billion supply will unlock on April 15 – not the earlier planned 1.34 billion drop. StarkWare will unlock 6.4% of the allocated tokens every month until March 15, 2025.

This program will see 580 million STRK tokens allocated to early contributors and investors unlocked in 2024, compared to the 2 billion earmarked under the previous schedule. More unlocks will follow over the next three years, with 1.4 billion in 2025, 1.5 billion in 2026 and 380 million by March 15, 2027.

Starknet airdropped over 700 million STRK tokens to early users and other eligible wallets early this week.

Bitcoin Dogs presale is flying

Bitcoin Dogs launched as the first-ever ICO on the Bitcoin blockchain in mid-February – specifically on February 14, 2024.

In under a week, the project’s presale for the native $0DOG token has raised nearly $4 million from early investors. With a new era not just for gaming and NFTs on Bitcoin, but for the crypto investment space at large, the fast-paced ICO is a revelation that is sending ripples across the industry.

As the Bitcoin Dogs team notes on their website, this is a project that is more than just a new BRC-20 token. It comes packed with an entire range of offerings, including a metaverse environment where $0DOG holders can raise, trade and earn from their virtual dogs through tournaments.

Take Bitcoin’s evolving DeFi, NFT and game ecosystem and put all that into a first mover project – that’s what Bitcoin Dogs is building. The best of Tamagotchi, Axie Infinity and BAYC or Cryptopunks come alive in this digital dog ecosystem.

Eager to claim a piece of $0DOG history, crypto enthusiasts are flocking to the Bitcoin Dogs presale in packs. The ICO window is only 30 days, which means the 810 million of the 900 million $0DOG supply will be sold out by March 15, 2024.

How is the Bitcoin Dogs roadmap after presale?

According to the project’s whitepaper, any $0DOG (or “stray dogs”) left hanging after the presale closes will be burned. No hidden tokens or cliff unlocks to concern yourself with – just pure love for the digital pets that participants will have grabbed during the sale.

The era of the $0DOG then begins with official trading on exchanges after users claim their BRC-20 tokens. Product development, as highlighted in the Bitcoin Dogs roadmap, will bring GameFi on Bitcoin with an NFT debut, Beta Launch and play-to-earn partners in Q2, 2024.

More milestones for this exciting project include the much anticipated canine craze come in Q3 with the official game launch, while multi-chain support and DAO governance are planned for Q4, 2024.

Today’s $0DOG presale price of $0.0198 has already locked in gains for early buyers after the increase from the initial $0.015. Set to jump every 72 hours, $0DOG price will rise to $0.0404 during the ICO phase, indicating an early 169% advantage for stage 1 participants.

While now down by two stages, one can still position before the next increase. Learn more here.

The post StarkWare adjusts STRK unlock schedule as Bitcoin Dogs soars appeared first on CoinJournal.

• Binance Labs, the venture capital arm of Binance, has invested in Renzo.
• Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for Ethereum restaking protocol EigenLayer.

Binance’s venture capital arm has announced it invested in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer.

Binance Labs’ announcement that it invested in Renzo comes on the same day as news of venture capital firm a16z’ $100 million investment in EigenLayer. EigenLayer is an Ethereum restaking protocol with a TVL of of $7.8 billion as of February 22, 2024.

Read more: a16z invests $100 million in Ethereum restaking protocol EigenLayer.

Binance Labs seeks to boost Liquid Restaking space

Renzo Protocol is the liquid restaking hub for EigenLayer, with its technology key to the trustless collaboration between various ecosystem players on EigenLayer. Binance Labs seeks to help stakers, node operators and Actively Validated Services (AVS) on Renzo collaborate better within an environment of shared security and standard risk management.

“Renzo’s technology addresses the complexities of Liquid Restaking, enabling more users to participate in Liquid Restaking. At Binance Labs, we are always seeking innovative DeFi projects that introduce novel use cases, and we look forward to witnessing Renzo’s growth in the Liquid Restaking sector,” Yi He, co-founder of Binance and head of Binance Labs, said in a statement.

Renzo offers native ETH restaking, with support for ETH deposits as well as LST tokens such as staked ETH (stETH) and wrapped Beacon ETH (wBETH).

When a user deposits an LST token or Ether on Renzo, they receive ezETH. This is a liquid restaking token that represents the user’s restaked position. The LRT encapsulates all potential yields and incentives.

The post Binance Labs invests in EigenLayer restaking protocol Renzo appeared first on CoinJournal.

• Digital assets brokerage FalconX announces expansion into Hong Kong.
• The platform expanded its services to Singapore in 2023 as it sought to grow its presence in the APAC.
• FalconX recently partnered with TC ICAP’s Fusion Digital Assets.

The team as FalconX, a digital-assets prime brokerage for institutions, has revealed that it is expanding its cryptocurrency services and products to Hong Kong. FalconX shared the news via a post on its X account.

Hong Kong’s growing as a crypto hub

FalconX announced that the expansion plans come amid rising demand from global institutions for an efficient, safe and regulated exposure to the crypto asset class. The platform shared its plans via an announcement on Thursday.

It noted that the goal is to extend its over-the-counter (OTC) brokerage and crypto derivatives products to institutional investors. These include fund managers, proprietary trading firms and family offices among other professional investors.

Hong Kong continues to grow into a leading crypto innovation hub, FalconX general manager for Asia Pacific region Matt Long said. His firm’s move into the region will see its position as Hong Kong brings further regulatory clarity, with Web3 set to benefit.

FalconX is looking to make inroads in the Hong Kong market after its entry into Singapore in February 2023.

In January this year, FalconX inked a strategic partnership with Fusion Digital Assets, an FCA-registered spot crypto asset exchange of the London-based financial services firm TC ICAP.

According to a press release published on January 31, FalconX said the integration would bring competitive pricing and liquidity to its platform.

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