Schlagwort: blockchain markets

• Hedera announced it had joined the Linux Foundation Decentralized Trust project as a founding member.
• The initiative includes contributing its entire source code to the LF Decentralized Trust.
• HBAR price traded largely lower amid the news, although it was signalling a potential uptick.

Hedera has joined the Linux Foundation’s newly launched Decentralized Trust project as a founding premier member, according to a news release published on Sept. 16.

But Hedera hasn’t just become a member of the LF Decentralized Trust.

Per the details shared in the company blog, the blockchain platform has taken a bigger step in promoting decentralization in the blockchain and crypto space. That’s by contributing its entire source code, including the Hashgraph consensus algorithm and its network’s core services, to the Linux Foundation.

The Hiero initiaive

Charles Adkins, the president of Hedera, said that this new direction for the blockchain ecosystem will evolve via a new project named Hiero.

The new project begins the next innovation chapter for Hedera and the broader ecosystem, driving key applications such as wallets, cryptographic solutions, decentralized exchanges and software development kit, or SDK.

As well as contributing code, Hedera joins LF Decentralized Trust’s governing board, which also comprises Accenture, DTCC, and Hitachi.

What next for Hedera?

According to Adkins, the Hedera Council will continue to handle the network’s governance.

“Our commitment to the Hedera ecosystem remains unwavering. While Hedera’s code now benefits from the stewardship and vast resources of the Linux Foundation, the operational governance of the Hedera network remains with the Hedera Council,” Adkins wrote.

Benefits of the transition include security, integrity and decentralization. It also provides for a robust ecosystem for developers.

Hedera’s contribution to the Linux Foundation, adds to the platform’s participation in the Decentralized Recovery Alliance. Hedera joined DeRec Alliance alongside Cardano’s IOHK in early September.

HBAR, the native token of the Hedera ecosystem, traded around $0.05 at the time of writing. The altcoin’s value was down 2.8% in the past 24 hours.

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• NEIRO, BABYDOGE and TURBO tokens soared as Binance announced new trading pairs for the meme coins
• First Neiro on Ethereum gained as Neiro on Ethereum slumped.
• Deposits for the three meme coin trading pairs open on September 16 at 10:00 UTC.

Neiro (NEIRO), Baby Doge (BABYDOGE) and Turbo (TURBO) tokens have exploded after leading crypto exchange Binance announced spot trading support.

Binance Will List @neiroethcto $NEIRO, @TurboToadToken $TURBO and @BabyDogeCoin $BABYDOGE with Seed Tag Applied.

Read more 👉 https://t.co/cwaNCfaAS7 pic.twitter.com/7gvibLZYQ0

— Binance (@binance) September 16, 2024

NEIRO, BABYDOGE soar amid Binance listing

Binance announced it would list new spot trading pairs for the three meme coin tokens, and price reaction was massive – particularly for Neiro.

According to data from CoinGecko, the First Neiro on Ethereum (NEIRO) token spiked more than 600% after the news, while the NEIRO on Ethereum token slumped. Binance said it would list First Neiro on Ethereum, the community token representing the Neiro project on Ethereum.

.@neiroethcto This dog’s got some serious swag! pic.twitter.com/S2CoaZlFGb

— H.E. Justin Sun🌞(hiring) (@justinsuntron) September 16, 2024

Baby Doge Coin (1MBABYDOGE), another community dog-themed meme coin on Binance Smart Chain (BSC), also rose after Binance’s announcement. BabyDoge is a Doge community meme coin that looks to promote awareness around animal adoption.

The token traded more than 55% up in 24 hours at the time of writing. Meanwhile, Turbo (TURBO) price spiked more than 14% as Binance announced the TURBO/USDT trading pair would go live at 10:00 am UTC on September 16, 2024.

The exchange will also add NEIRO/USDT and 1MBABYDOGE/USDT, with withdrawals open at 10:00 UTC on September 17, 2024.

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• Crypto services provider Matrixport’s RWA platform has announced the launch of XAUm.
• This is an on-chain gold token that will support Ethereum and BNB Chain.
• XAUm launched on September 16, 2024.

Matrixdock is expanding its RWA market with XAUm, an on-chain gold token backed fully by physical gold bars at the London Bullion Market Association. The LBMA physical gold bars backing the on-chain gold token have 99.99% purity, Matrixdock noted in an announcement.

XAUm will be available as an ERC-20 token on Ethereum and as a BEP-20 token on the BNB Chain. Its issuance is pegged 1:1 to a troy oz. of the LBMA gold. Trading support is available for the largest stablecoins in the market today – USDT and USDC.

Investors will not incur any management fee. However, the company will charge a 0.25% flat rate for both minting and redemption orders. Meanwhile, Matrixdock will custody the gold at reputable vaults.

According to the platform, investors will have an option of redeeming XAUm as stablecoins or physical assets. However, users will have to complete KYC to redeem the assets, with physical gold redemption available to customers via Matrixport’s Hong Kong and Singapore services.

RWA market up to $12.3 billion

XAUm’s launch on the RWA platform Matrixdock comes after the successful debut of the Short-term Treasury Bill Token. STBT offers accredited investors access to tokenized US Treasury bills (T-Bills). The token is pegged 1:1 to the US dollar.

Per RWA.xyz data, the total on-chain value of real-world assets has hit over $12.3 billion. There also are currently more than 100 asset issuers.

The tokenized commodities market, which includes the value of on-chain gold, silver and oil products, has reached $994 million. Biggest issuers are Paxos, Tether, Comtech Gold, Aurus and WisdomTree.

In comparison, tokenized treasuries products across the RWA market has surpassed $2.4 billion. BlackRock’s BUIDL, Franklin Templeton’s FOBXX and Ondo Finance’s USDY are currently the three largest by market value.

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$WHALE token Stage 1 was announced last month, which gives early adapters and active community members the opportunity to gain tokens via a “invite a friend” program. In the short time over 200k tokens have been claimed with Stage 1 and it’s still ongoing.

Stage 2 was released few days ago. According to the recently released roadmap, @WheelOfWhales’s play-to-earn game will be front and center of this long-awaited airdrop allowing users to acquire up to 10% of the $Whale tokens’ total supply. Wheel Of Whales is said to have a unique gaming mechanism with multiple minigames, prize drops, and more. Compared to Stage 1, this game makes it much easier to claim tokens as users are able to play and earn any time.

“We’re firm believers that everyone should get a piece of the pie. That’s why we have designed our tokenomics and airdrops to ensure that all players have the possibility to gain enough tokens and participate in the wealth distribution” said by the CEO of Whale. 

Future plans of Whale

A surprising move from the Whale team is sharing their ambitions by releasing a public roadmap. The team is committed to setting a standard for transparency and building with the community.

According to their roadmap, $Whale token will be listed in Q1 next year and until that, users are able to use earned tokens in the Whale ecosystem for gameplay, merch stores, jackpots, loot boxes, and more. $Whale token listing is going to significantly increase the token’s visibility and accessibility, providing more opportunities for trading and liquidity to all token holders.

One of the most interesting things in that roadmap is the Token dashboard which is said to display business performance metrics on a public dashboard where everyone can see the real utility of $Whale token. They even mentioned reinvesting 10% of business profits to a token buy back program starting in Q2 next year.

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• Circle and Sony Block Solutions Labs partner to bring USDC on Soneium.
• The Ethereum layer 2 will integrate bridged USDC, allowing users and developers to tap into borderless transactions and digital dollar payments.
• USDC will help the creator economy on Soneium and the web3 ecosystem, the companies said in a press release.

Circle, issuer of stablecoin USDC, is partnering with Sony to bolster the creator ecosystem on the recently launched Ethereum layer 2 solution Soneium.

The strategic partnership is between Circle and Sony Block Solutions Labs, Sony Group’s blockchain infrastructure company that launched Soneium in August.

Soneium launched its Minato testnet and the Spark incubation program in late August and has partnered several other industry players amid its vision of empowering developers and bringing web3 to the mainstream.

“This collaboration marks a significant milestone for Circle’s mission to accelerate the adoption of our stablecoins and blockchain technology, and empower creators to flourish through secure, user-friendly web3 experiences,” Jeremy Allaire, co-founder and chief executive officer at Circle, said in a press release.

Bridged USDC on Soneium

Sony Block Solutions Labs’ collaboration with Circle aims at bringing USDC to developers and users on Soneium. In this case, the layer 2 is adopting bridged USDC as one of its primary value exchange tokens.

The integration will see users leverage the stablecoin to unlock new opportunities across the layer 2’s ecosystem, including enabling cross-border transactions and deployment of decentralised applications.

With bridged USDC as proxy for native USDC on Ethereum, developers can tap into key stablecoin features and benefits to build on L2 networks. For Soneium users, this includes using USDC to power dApps with digital dollar payments.

“By integrating Circle’s financial infrastructure with Soneium, we are set to redefine the landscape of digital entertainment and finance,” Jun Watanabe, Chairman of Sony Block Solutions Labs, said.

Notably, Soneium’s integration of a bridged version of the stablecoin means it could later upgrade to native issuance.

As highlighted above, Sony Block Solutions Labs has struck several key partnerships as it looks to further accelerate web3 growth.

Other than Circle, Soneium launch partners include Astar Network, Chainlink, Alchemy, Optimism and The Graph. The L2 has also partnered with Transak to bring fiat currency payments to the network.

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