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Chinese Authorities Arrest Suspect for Identity Theft in StarkNet Airdrop Scam, Over $91,000 in Crypto Stolen

Chinese authorities have arrested Lan Mou, a suspect involved in a major identity theft case related to the StarkNet (STRK) airdrop.

Lan is accused of using stolen identities to submit over 40 fraudulent Early Community Member Program (ECMP) airdrop forms, illegally acquiring over 40,000 STRK tokens intended for rightful recipients.

The airdrop, which began on February 20, was part of a large-scale initiative by the StarkNet Foundation to distribute 700 million STRK tokens.

The airdrop targeted various groups within the Ethereum community, including solo and liquid stakers, StarkNet developers and users, and contributors outside the Web3 ecosystem.

It drew significant attention, with the first 45 million STRK tokens claimed within just 90 minutes.

Following the airdrop, the stolen STRK tokens were transferred to an OKX wallet and converted into more than $91,000 in Tether.

Lan Mou’s arrest occurred on April 25 in Guangdong Province, where authorities seized a computer and two mobile phones linked to the operation.

The incident sheds light on the prevalent issue of scams and phishing in the cryptocurrency sector.

However, this case of identity theft for claiming airdrops on such a grand scale is particularly noteworthy, signaling a new level of threat in the space.

Yearn.finance developer Banteg previously highlighted a related issue on the same day the StarkNet airdrop began, noting that the eligibility list seemed to be populated heavily with airdrop squatters.

These are individuals who target airdrops for financial gain, often manipulating eligibility by controlling multiple or fake accounts.

Banteg pointed out that around 701,544 of the 1.3 million eligible wallet addresses were potentially linked to such activity, where squatters used repeated or renamed GitHub accounts to increase their chances of receiving airdrops.

In a related revelation from March 2023, it was discovered that airdrop hunters managed to consolidate $3.3 million worth of tokens from the Arbitrum (ARB) airdrop, channeling funds from 1,496 wallets into just two they controlled.

This pattern underscores the ongoing challenges and exploitative practices within the decentralized finance sector, highlighting the need for continued vigilance and improved security measures to protect legitimate users and their assets.

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Chainlink Partners with Rapid Addition to Launch FIX-Native Adapter for Enhanced Digital Asset Trading

Blockchain News/Crypto News Today/DeFi

Blockchain oracle provider Chainlink has announced a partnership with FIX connectivity solutions firm Rapid Addition to create a FIX-native adapter aimed at enhancing institutional digital asset trading.

This initiative leverages Chainlink’s Cross-Chain Interoperability Protocol (CCIP), designed to facilitate a variety of applications such as token transfers, gaming, and decentralized finance (DeFi).

Chainlink’s new development focuses on enabling banks and financial institutions to seamlessly communicate and interact with a diverse range of tokenized assets.

The organization identifies this venture as a promising market opportunity, potentially revolutionizing sectors like renewable energy, carbon credits, and real-world assets (RWAs) including real estate, infrastructure, and collectibles.

Vince Turcotte, Chainlink Labs’ business development lead for Asia Pacific, shared insights with Cointelegraph regarding the capabilities of this adapter.

Drawing parallels to Chainlink’s collaboration with the SWIFT banking system, Turcotte highlighted that financial entities can utilize the adapter to embed smart contracts with specific FIX tags and instructions.

He emphasized its utility in the post-trade process, stating, “We expect this will be particularly useful for the post-trade environment, as it will allow a single source of truth for trade allocations, which can be shared simultaneously and without duplication between asset managers, brokers, and custodians.”

Turcotte also noted that the adapter facilitates integration into existing legacy systems, enhancing the efficiency by reducing settlement errors and rejections.

He explained that the synergy between Chainlink and FIX will allow traditional risk and execution platforms to effectively interact with emergent blockchain-based asset types.

Discussing the broader implications of this technological advancement, Turcotte projected that digitally native institutions are likely to lead in adopting this integration.

“We expect that digitally native institutions will be the early adopters of this integration.

“These institutions recognize the value of using the FIX protocol to engage with the broader TradFi ecosystem and the value of permanence and truth via blockchain,” he elaborated.

Turcotte also mentioned the cost benefits for asset managers and their clients, who could economize by using a unified, continuously updated platform for settlement instructions.

“Asset managers and their clients can save costs by having a single source of truth for settlement instructions available to all counterparties to a trade and constantly updated 24/7,” he added, pointing out the financial and operational efficiencies enabled by the new adapter.

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Bitcoin Network Sets Record with Over 1.6 Million Transactions in a Day

Bitcoin/Blockchain News/Crypto News Today

On April 23, the Bitcoin network achieved a new record with the highest number of confirmed daily transactions, just three days after entering a new halving cycle that started on April 20.

This surge brought the total to over 1.6 million unique transactions processed between various senders and receivers.

Data comparisons from sources such as Blockchain.com and Glassnode have linked the spike in transactions to the launch of Bitcoin Runes.

This new offering serves as an alternative to the existing Bitcoin Ordinals and the BRC-20 protocol on the Bitcoin blockchain, capturing a significant portion of the daily transaction volume.

Notably, Runes accounted for 81.3% of all Bitcoin transactions on the day of the record.

Despite this initial dominance by Runes, Bitcoin (BTC) transactions regained their majority status over the network by April 29, with BTC transactions making up 77.8% of the total, while Runes transactions had decreased to 18.8%.

The remainder of the transaction volume was made up of ordinals at 1.2% and BRC-20 transactions at 2.3%.

The influx of Bitcoin Runes transactions has proven beneficial for the mining sector. Major U.S. mining firms such as Stronghold Digital Mining and Marathon have reported positive impacts from the Runes transactions, both financially and functionally, as communicated to Cointelegraph.

Since the halving, Rune transactions have contributed over 1,200 BTC in transaction fees to miners.

Although the excitement surrounding Bitcoin Runes seems to be waning, Ignas, a pseudonymous decentralized finance (DeFi) researcher, sees continued potential in this market.

In a post dated April 17 on platform X, Ignas commented, “Runestone, RSIC, and PUPS are already pumping, promising holders shiny new Rune token airdrops.

And FOMO threads keep coming. But, like the NFT frenzy post-JPEG reveal, the market could soon cool off.”

Runes and BRC-20 tokens represent new fungible token standards designed to expand Bitcoin’s utility within the emerging sector of Bitcoin DeFi, or BTCFi.

This initiative marks a significant shift towards integrating more complex financial functions directly on the Bitcoin blockchain, illustrating a growing trend of innovation within the cryptocurrency landscape.

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Binance Ban in Philippines Spurs Shift to Local Exchanges Amidst Higher Fees and Token Limitations

Blockchain News/Crypto News Today

Following Binance‘s expulsion from the Philippines, traders in the country now face increased trading fees and a reduced selection of crypto tokens, as indicated by a regional executive.

On December 14, 2023, the Philippines Securities and Exchange Commission (SEC) initiated a three-month countdown to a Binance prohibition.

Kelvin Lee of the SEC noted Binance’s failure to register in the Philippines and adhere to regulations.

The National Telecommunication Commission (NTC) instructed local internet service providers to block the exchange on March 25.

Subsequently, on April 23, the SEC directed Apple and Google to remove the Binance app from their stores.

With the ban in full effect, Cointelegraph contacted local stakeholders to gauge the impact of the Binance ban on the Philippine crypto space.

Ethan Rose, CEO of Pouch, which facilitates Bitcoin payments in the Philippines, applauded the ban, citing former Binance CEO Changpeng Zhao’s involvement in serious financial crimes.

Rose emphasized the ban’s protective nature for Filipino traders.

Rose highlighted a shift of business to local exchanges due to the ban, predicting a positive effect on the local economy and global investment funding for Philippine crypto businesses.

However, Rose acknowledged the trade-offs, foreseeing higher trading fees and fewer token options for Filipino traders.

Arlone Polo Abello, CEO of Global Miranda Miner Group, characterized the SEC action as not a significant crackdown but a reflection of the US SEC’s registration requirements for exchanges like Binance.

Abello noted Binance’s lack of communication with Filipino traders, which was apparent in their focus group discussions.

Jay Ricky Villarante, CEO of Moneybees, emphasized the importance of regulatory compliance in the crypto industry.

He viewed the ban as a step towards regulatory clarity in the Philippine crypto market, fostering confidence and responsible innovation.

In summary, while acknowledging both positive and negative implications, Villarante deemed the ban a significant development for crypto in the Philippines.

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Shiba Inu Community Alert: TREAT Token Release Misinformation Sparks Urgent Caution

Blockchain News/Crypto News Today

The Shiba Inu community is currently on high alert due to the spread of misinformation surrounding the release of the TREAT token.

Shibarmy Scam Alerts, a dedicated source for uncovering scams within the community, has issued an urgent warning.

They emphasize that the TREAT token has not been officially launched and refute recent claims suggesting otherwise.

According to them, the SHIB team has not initiated any official release of the token. As a precautionary measure, the Shiba Inu community is urged to exercise caution and refrain from participating in any transactions or investments related to TREAT until its official release is confirmed by legitimate sources.

It is advised to safeguard assets by avoiding unauthorized TREAT-related activities and prioritizing financial security.

In recent developments, Shiba Inu has secured $12 million from strategic VC partners led by Cypher Capital to facilitate the launch of its next-generation Fully Homomorphic Encryption (FHE) blockchain, which will be powered by the forthcoming TREAT token.

The FHE technology, enabling computations on encrypted data, promises significant advancements in privacy and trust within the cryptocurrency sphere.

However, amidst the anticipation, there are considerable risks associated with the TREAT token, prompting the issuance of the urgent alert.

The Shiba Inu community is reminded to disregard any claims of the TREAT token’s release, as no such action has been initiated by the SHIB team.

Official announcements should be relied upon for accurate information regarding the TREAT launch.

In other significant news for the ecosystem, the decentralized exchange ShibaSwap has completed its migration to Shibarium from Ethereum, marking a milestone in its progress.

This move is expected to bring forth innovations and new possibilities for the ShibaSwap platform within the Shibarium blockchain environment.

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US Crackdown Prompts Acinq and zkSNACKs to Discontinue Services for American Crypto Users

Blockchain News/Crypto News Today

Amidst a recent crackdown on self-custodial cryptocurrency wallet providers by U.S. regulatory agencies targeting major players like Consensys and Samourai Wallet, Acinq’s Phoenix Wallet and zkSNACKs’ Wasabi Wallet have made the decision to discontinue services for customers based in the United States.

Expressing concerns over the legitimacy of self-custodial wallet providers as money service businesses in the wake of regulatory actions, both Acinq and zkSNACKs have taken steps to restrict access for U.S. users.

“In light of recent announcements by U.S. authorities, zkSNACKs is now strictly prohibiting U.S. users from using its services,” stated zkSNACKs in an April 27 release.

Similarly, Acinq highlighted uncertainties regarding the regulatory landscape in an April 26 post, explaining, “Recent announcements from US authorities cast a doubt on whether self-custodial wallet providers, Lightning service providers, or even Lightning nodes could be considered Money Services Businesses and be regulated as such.”

Acinq has set a deadline of May 2 for Phoenix Wallet users to adapt to the impending changes, while Wasabi Wallet’s new policy was immediately put into effect.

Advising Phoenix Wallet users to empty their wallets without force-closing them to avoid significant on-chain fees, Acinq provided guidance for the transition period.

Regulators worldwide have voiced concerns that self-custody crypto wallets might facilitate illicit activities like money laundering.

This sentiment was underscored by recent actions taken against Consensys and Samourai Wallet.

Consensys received a Wells notice from the SEC, signaling potential enforcement actions related to its MetaMask products, while the co-founders of Samourai Wallet face charges of money laundering and operating an unlicensed money transmitting business brought by the U.S. Justice Department.

In contrast, European regulators have taken a more relaxed stance on potential regulations concerning self-custody wallets.

Scrapping a proposed 1,000 euro limit on crypto payments from self-hosted wallets, European Parliament’s lead committees emphasized the importance of due diligence measures by crypto exchanges for transactions exceeding this threshold.

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Google Cloud Unveils Web3 Portal for Blockchain Developers Amidst Mixed Industry Reception

Blockchain News/Crypto News Today

Google Cloud has recently unveiled a Web3 portal tailored for blockchain developers, offering an array of resources ranging from datasets to tutorials on crafting nonfungible tokens (NFT).

Despite this move, the response from the cryptocurrency sphere has been a blend of enthusiasm and skepticism.

Unchained’s vice president of product marketing, Phil Geiger, expressed concern over the absence of native Bitcoin and lightning support, deeming it a crucial oversight.

In a post on X dated April 25, Geiger remarked, “No native Bitcoin and lightning support? Seems like an oversight to ignore the most important cryptocurrency.”

Similarly, a pseudonymous crypto trader, MartyParty, conveyed disappointment to his 80,700 X followers on April 26, asserting, “Not impressed Google is way behind.”

Contrastingly, some embraced the launch with optimism.

Ivaibi Festo, founder of Mitroplus labs, hailed the Web3 portal as a “comprehensive resource” in a post on X dated April 25.

The portal offers developers access to various products and provides testnet tokens for deploying and testing decentralized applications on Ethereum testnets Sepolia and Holesky.

Additionally, it hosts a learning program featuring tutorials on NFT development, Web3 loyalty program implementation, and securing digital assets through multi-party computation.

This initiative follows Google’s recent strides in the Web3 realm.

Notably, Google enhanced its capabilities to enable users to search wallet balances across multiple blockchains, including Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom.

Moreover, Google revised its advertising policies at the outset of 2024, permitting certain crypto products to be promoted on major search engines, encompassing Bitcoin exchange-traded funds.

Preceding the portal’s launch this year, Google focused on forging partnerships to fortify its position in the Web3 landscape.

In October 2023, Google Cloud’s BigQuery data warehouse integrated with MultiversX, facilitating valuable insights for Web3 projects and users through advanced data analytics and AI tools.

In September 2023, Google’s BigQuery expanded its data warehouse to include 11 blockchain networks, encompassing Avalanche, Arbitrum, Cronos, Ethereum’s Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon’s mainnet, Polygon’s Mumbai testnet, and Tron.

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Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3

Press Releases

Grand Cayman, Cayman Islands, May 3rd, 2024, Chainwire

Protocol launches, growth trajectory, and industry-leading technology point toward more success to come

On the first anniversary of Sui’s Mainnet launch, the Sui community is celebrating a landmark year that saw it rise from a nascent ecosystem to the top tier of Layer 1 blockchains, amassing household name partners and shipping multiple technology breakthroughs in the process. In the build-up to its launch in 2023, the chatter around Sui reached a level of excitement that has not been matched by any chain that has launched since. The first anniversary of Sui represents a culmination of the remarkable milestones achieved by the network in its first year.

While centralized institutions face growing public distrust due to decades of anti-competitive and anti-consumer behavior and legacy blockchains lack the speed and technology to solve the problem, in a single year, Sui has emerged as the decentralized solution most capable of disrupting the status quo at scale. The innovations of Sui begin with Sui’s novel programming language, Move, which was created by Mysten Labs Co-founder and CTO Sam Blackshear. Move introduced a new architecture centered around objects, enabling performance and functionality that was simply not available on existing blockchains. The result is a blockchain that is singular in the industry — the universal coordination layer for intelligent assets.

“Like many transformative innovations before us, we knew the problem we had to solve and built the technology to solve it without applying labels, but a year after launch, it is clear that Sui is a vibrant developer ecosystem,” said Evan Cheng, Co-founder and CEO of Mysten Labs. “Developers are taking advantage of Sui’s performance, and its scalable, composable, on-chain storage, and native accessibility features to build sustainable business models with a consumer ownership-first approach. While the Network’s achievements to date are remarkable, the road to onboarding the next billion users to web3 has just started.”

Technology Innovations

The results Sui has achieved have validated the team’s approach. In addition to not experiencing a single minute of downtime or instance of degraded performance since Mainnet launch, in the last 12 months, Sui has achieved:

Lightning-fast transaction speeds — time to finality clocked at just 400 milliseconds
Massive scale — 297,000 peak TPS in a controlled environment
Record-setting Mainnet performance — 65.8M transactions executed in a single day, the most of any blockchain ever
Extremely low fees — predictable, stable transaction fees even during high usage

Yet technology improvements are a constant at Sui. In recent weeks, including at its first global in-person conference, Sui Basecamp, Sui unveiled Mysticeti, which significantly shortens Sui’s end-to-end time to finality, and Pilotfish, which enables nearly unlimited horizontal scaling by enabling individual validators to use multiple machines to extend their capacity.

Sui has also introduced unique implementations of technologies that make adoption easier and make the blockchain accessible to mainstream users, both at the enterprise and retail levels. zkLogin is on-chain authorization with traditional OAuth providers like Google and Twitter, allowing all users to directly operate on-chain with the single sign-on process they have become accustomed to, removing the hurdle of managing wallet addresses and seed phrases. zkSend is an application exclusive to Sui that utilizes zkLogin to enable users to send and claim tokens simply by sharing or clicking a link. Sponsored transactions, enabled by Sui’s extremely low fees, empower builders to remove a final hurdle for engagement. Finally, Enoki, which was announced at Sui Basecamp, removes requirements for enterprises looking to incorporate blockchain technology with a turnkey solution that gives them access to build seamlessly on Sui.

“The rate at which the ecosystem’s deep and talented developer community has shipped powerful protocols and industry-first technology breakthroughs has been breathtaking, and it’s only a year in,” said Adeniyi Abiodun, Co-founder and CPO at Mysten Labs. “Sui’s purpose is to redefine how individuals and businesses collaborate to create, grow, and share value in a digital-first economy and since its mainnet launch, Sui has demonstrated important and unique capabilities in that regard.”

Network Momentum – Sui is a destination for DeFi, Gaming and Commerce

Also owing to the strength of the network and especially notable for an ecosystem so early in its development, Sui has quickly become one of the preeminent destinations for DeFi activity. Within 9 months of its Mainnet launch, Sui ranked in the Top 10 of all blockchains in TVL. A month later, Sui’s DEX volume also achieved top 10 status. Throughout, Wormhole stats show Sui as a top destination for bridging from Ethereum, including over a 30-day period where Sui saw more inflows than all other blockchains combined, and more than twice as much as the next closest blockchain. In each of these cases, Sui eclipsed numerous well-known networks that have existed for far longer.

Builders and enterprises integrating with Sui are also adding to the growing momentum. Bluefin, a derivatives exchange that had already executed billions in transaction volume in its first iteration on another chain, shut that integration down to build on Sui. Solend, a leading lending protocol on Solana, chose Sui for its first integration beyond its initial network, launching the Suilend protocol which has already amassed over $30M TVL. Additionally, First Digital Labs, creator of FDUSD, the fastest-growing stablecoin in crypto with over $4B in market cap, chose Sui for its first expansion since its launch on Ethereum and BNB.

“As we mark the first anniversary of Sui’s launch, the growth and innovation within the Sui ecosystem have been sensational and Sui has quickly ascended to the forefront of Layer 1 blockchains,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s global footprint has continued to expand at a remarkable rate as more and more builders see Sui as the best platform for enabling real world solutions aimed at addressing the world’s most pressing challenges.”

Gaming is another focus for Sui that will continue in the coming months and years. With low, predictable fees that allow game developers to build with confidence and dynamic objects that make games built on Sui more expressive, Sui is the optimal blockchain for gaming studios. Dozens of development teams are currently building games on Sui, including established studios such as NHN (Pebble City), ONBUFF x SNK (Samurai Shodown), NDUS Interactive (Xociety), Orange Comet (The Walking Dead: Lands), and Ambrus Studio (E4C: Final Salvation). Leading professional esports team, Team Liquid, will leverage Sui for the relaunch of its fan loyalty program, and at Sui Basecamp in April, Sui joined gaming infrastructure developer Playtron in announcing SuiPlay0X1, the first handheld gaming device with native blockchain capabilities to wide acclaim.

Other notable ecosystem partnerships achieved in Sui’s first year include those with Alibaba Cloud and Google Cloud, which focused on enhancing security, scalability, developer tools and user experiences across a range of Web 3.0 and AI-powered applications. BytePlus, the web3 arm of ByteDance, partnered with Sui ecosystem partner Mysten Labs to explore collaboration on data warehousing, AI recommendation algorithms, and AI visual algorithms in web3 game platforms and socialFi projects on Sui.

The crowds that gathered for Sui Basecamp 2024 represented the culmination of Sui’s arrival, as over 1,000 projects, partners, investors and enthusiasts from 65 countries around the world came to Paris in April to celebrate Sui at the vaunted Layer 1’s inaugural global conference.

Contact

Sui Foundation
media@sui.io

The Rise of DeFi Lending: How ZeroLend is Transforming the space

Blockchain News/Crypto News Today

If you’ve ever gone through the process of applying for a loan through traditional banking, you know it can be quite cumbersome. Traditionally, securing a loan meant dealing with a maze of paperwork, credit checks, and lengthy approval procedures. However, DeFi lending changes this narrative entirely. Now, borrowers can utilize their crypto assets as collateral, instantly accessing funds through smart contracts seamlessly integrated into blockchain networks. This is the reality of DeFi lending, a sector that is witnessing rapid growth, with an astonishing $24.62 billion locked in smart contracts.

Amidst the booming DeFi lending market, ZeroLend stands out with its unique features. Let’s delve into how this platform is revolutionizing the way you can securely and smoothly avail credit.

The Evolution of ZeroLend: Redefining DeFi Lending

ZeroLend dominates the lending scene across various Layer 2 platforms, including Linea, zkSync, Manta, X Layer and Blast. Its primary focus lies in lending liquid restaking tokens (LRTs), real-world assets (RWAs), and facilitating account abstraction.

Incentivizing Participation

ZeroLend goes beyond traditional banking models by incentivizing users to supply and borrow crypto assets. Through competitive supply and borrow APYs, ecosystem points, and partnerships with leading projects, ZeroLend fosters an environment where users are rewarded for their participation.

Token Launch and Market Position

ZeroLend’s meteoric rise is underscored by its upcoming token launch on May 6th, 2024. The project’s native token, $ZERO, is set to debut on prominent exchanges such as OKX, Bybit, and Kucoin, marking a significant milestone in ZeroLend’s journey. With an estimated 15-17% of the total supply allocated for community airdrops, ZeroLend demonstrates its commitment to inclusivity and community engagement.

Leading the DeFi Revolution

ZeroLend’s exponential growth positions it as a formidable contender in the lending space, rapidly ascending the ranks to become one of the top 10 lending protocols alongside industry stalwarts like Aave, Compound, and Spark. With a remarkable $200 million growth in Total Value Locked (TVL) in 2024, ZeroLend sets its sights on revolutionizing DeFi lending and simplifying it for the retail audience.

ZeroLend’s Innovations in DeFi Lending

Curve-like Tokenomics

ZeroLend pioneers a unique tokenomics model, drawing inspiration from Curve Finance. By offering Curve-like incentives to $ZERO token stakers, ZeroLend enhances its token utility and value proposition. This innovative approach incentivizes long-term participation and aligns stakeholders’ interests with the project’s success.

Prioritizing Safety and Reliability

With a focus on safety and reliability ZeroLend collaborates with top-tier risk managers such as Chaos Labs, Hyperactive, and IntoTheBlock to ensure a secure protocol that protects users’ assets. Moreover, its open bug bounty programs with Immunefi and Cantina further demonstrate ZeroLend’s dedication to transparency and security.

Wrapping up

ZeroLend emerges as a frontrunner in the vast landscape of decentralized finance (DeFi) lending. By leveraging the power of blockchain technology ZeroLend has redefined the borrowing experience, making it more accessible, efficient, and rewarding for users worldwide. With its upcoming token launch and strategic partnerships, ZeroLend is poised to solidify its position as a leader in the DeFi lending space.

Tap Into the Most Lucrative ETH to USDT Exchange with the Lowest Fees Today

Crypto News Today

Swapping ETH to USDT has become a staple transaction in cryptocurrency, offering swift and strategic benefits for savvy investors and active traders. These enthusiasts often capitalize on this famous trading pair, emphasizing the importance of securing a profitable exchange rate and low-to-zero transaction fees. Today, we invite you to explore CrowdSwap, a standout platform that promises enhanced financial opportunities and prioritizes your trading efficiency. Discover why CrowdSwap could be your go-to choice for making the most of your cryptocurrency transactions.

Tether, also called USDT, is a stablecoin directly pegged to the US dollar, providing a buffer against the often severe price movements every day in cryptocurrencies such as ETH. In the frequently turbulent realm of cryptocurrency trading, stablecoins such as Tether play a crucial role. USDT emerged as the foremost stablecoin, enjoying significant trading volume and widespread recognition. Amidst the volatility inherent in cryptocurrency commerce spaces, Tether, valued in the billions, presents itself as a steadfast and reliable option. To shield their profits and mitigate potential losses, traders and investors frequently opt to convert their assets into USDT, underscoring its esteemed position within the trading community.

In contrast, Ethereum (ETH) ranks just below Bitcoin in terms of commerce funding and general popularity. Its versatility and extensive range of applications have garnered significant esteem within the cryptocurrency community, prompting numerous individuals to either buy or exchange their tokens for ETH. ETH holds value for investment and trading purposes, and its diverse advantages within the Ethereum ecosystem. However, as previously noted, there are instances where investors may find it prudent to convert their ETH holdings into more stable assets like USDT.

Diving deep into CrowdSwap’s Ethereum to Tether exchange

Developed in Germany in 2020, this decentralized platform is dedicated to cryptocurrency trading and generating passive income. CrowdSwap is expertly crafted for quick and easy cross-chain swaps, requiring only a few clicks for operation. Users can seamlessly exchange tokens without the hassle of managing wallets or navigating complex network settings. The CrowdSwap aggregator boosts efficiency by identifying the most effective pathways across decentralized exchanges (DEXs), guaranteeing the best liquidity and pricing. All transaction fees are presented upfront, with absolutely no hidden costs.

The exchange’s trade tracking system further enhances its user-friendliness, allowing you to effortlessly track transaction status, review all your activities, and employ advanced filtering options not commonly available on other exchanges.

Lightning-fast cross-chain substitutes

With CrowdSwap, cross-chain transactions and fast, secure substitution are made possible, and token movement between several blockchain networks is easy. Take advantage of unrestricted bridging, trading, and infinite substitution of any token between chains.

Limit orders across chains

You can improve your commerce approach and exclude potential risks using CrowdSwap’s limit orders system. With it, you can set limit orders across various blockchains, altogether avoiding the once-necessary bridge between chain structures, thus reducing the risk of exposure. The feature allows users to determine the exact amount of coins and the value they want to purchase or trade them. Then, these orders are put on hold until the broader market sentiment meets the user’s wants, detailed in the limit order. By leveraging this functionality, you can entirely protect your investments or sidestep commerce volatility.

How CrowdSwap revolutionized the Ethereum to Tether landscape

As you may have noticed, CrowdSwap offers a highly efficient and cost-effective solution for exchanging Ethereum (ETH) for Tether (USDT). By leveraging advanced technology to minimize transaction fees and optimize trading routes, this promising company ensures a seamless exchange experience and maximizes user value. This platform is ideal for individuals who manage their cryptocurrency investments smartly, providing a reliable tool for those seeking to transition between ETH and USDT with minimal cost and maximum efficiency.

CrowdSwap is actively taking its place as the spearheader of the current cryptocurrency community. With the launch of the first decentralized ETF, it quickly set itself apart from the competition. On top of that, the variety of decentralized and general swap infrastructures it offers to its clients is immensely comprehensive and deserves praise.

The ETF is a promising new venture within the larger cryptocurrency market. We suggest all our readers keep a close eye on this platform’s future innovations and expansions, as it might spell a lucrative opportunity in the coming years.

CrowdSwap demonstrates a commendable approach to cryptocurrency exchanges. However, to truly appreciate the innovation and efficiency it brings to the table, visit the platform directly, explore its services, and experience the benefits yourself.