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The Latest DeFi Marvels: What’s New and Why It Matters

Innovation. Technology. Security. These are the backbones of what makes blockchain great. But it’s a part of finance that also enjoys its trends. The magic happens when an innovative trend becomes the next big thing.

RWAs. Options. LSTs. What were once fleeting trends grew to become the staples leading the charge into this bull cycle. Now, Cega is taking its turn, launching a gold-linked options product. It can potentially reshape DeFi by combining what users know, what they want, and something truly new.

The product fuses the traditional allure of gold as a secure asset with the high-yield potential inherent in DeFi options, a blend poised to redefine how investors approach yield generation. Because yield is what users are hungry for in this space. And to be successful, you have to give the people what they want. Here’s how this product, and others like it, are improving the space.

The Rise of Real World Assets (RWAs) and Liquid Staking Tokens (LSTs) in Crypto

Real World Assets (RWAs) and Liquid Staking Tokens (LSTs) are two of the latest developments in DeFi. These innovations are gaining popularity among investors and users alike due to their potential for providing higher yields and diversification opportunities.

RWAs refer to traditional assets such as real estate, commodities, and even fiat currencies that are tokenized and brought onto the blockchain. This allows for greater accessibility, liquidity, and efficiency in trading these assets while also opening up new investment opportunities for users.

On the other hand, LSTs are a form of staking where users can earn rewards by locking up their tokens to support a particular network or protocol.

These tokens represent a user’s stake in the network and can be traded or used as collateral for loans. For example, going to AAVE, lending rETH, and borrowing ETH against it, makes it difficult to be liquidated. rETH’s value is always higher than ETH, no matter how much it rises or dips. The only scenario that would put a loan at risk is a de-pegging event.

Both RWAs and LSTs are exciting developments in DeFi that have the potential to attract traditional investors to the world of crypto, while also providing more options and opportunities for current users.

Cega’s Newest Product

Cega’s initiative to link real-world assets (RWAs) with DeFi reflects a groundbreaking stride towards integrating gold’s stability and historical reliability with the avant-garde earning mechanisms of decentralized finance.

The allure of earning up to an 83% Annual Percentage Yield (APY) on staking currencies such as ETH, stETH, wBTC, or stablecoins like USDC is an enticing proposition for any investor.

Even more intriguing is the proposition that yields are paid in the staked currency, preserving the asymmetric upside potential attracting investors to these assets in the first place.

What Users Need – A Safety Net

However, the innovation doesn’t stop with impressive yields. Cega has deftly introduced a safety net for investors through downside protection features, ensuring that significant market dips won’t wipe out investments.

This assurance, attributed to a technical innovation known as a barrier option, plays a pivotal role in mitigating investment risks.

Pulling Away From the Competition

What sets RWAs, LSTs, and now Cega’s offerings apart is the democratization of finance. Historically, the realm of structured investments and exotic options was a fortress held by traditional finance powerhouses, accessible only to those within its walls.

Many new DeFi strategies represent a breach in this fortress. The once-exclusive financial tactics are now available to the broad DeFi community. Ideas like this not only make DeFi a great place to be; they’re the foundational principle of the financial freedom that drew so many early users to crypto.

The essence of these new products is in their ability to provide safer, higher-yield opportunities without compromising the principal’s security.

Linking the stability of gold, real estate, or other tokens – then giving them the liquidity of digital assets – offers a balanced portfolio strategy, particularly in times of market uncertainty. In a space full of volatility, they are the heroes Defi needs right now.

The Decentralized Future We’ve Waited For

The products mentioned today are more than just a financial innovation. It’s a gateway to a more inclusive, secure, and high-yield DeFi environment. Now that the world at large has fully embraced NFTs and GameFi, it’s time to take it to the next level.

Backed by giants like Dragonfly Capital and Pantera Capital, Cega is undeniably leading the charge towards a new era in decentralized finance – one where traditional and digital finance not only meet but synergize for greater investment opportunities. And that’s one example of one protocol going above and beyond.

There are many others out there. Rocket, Lido, and Stader are providing great opportunities in the space. As the market heats up, it’s important to perform due diligence and resist the temptation to throw money at worthless meme tokens.

Focus on projects that combine value for their users, unparalleled security, and a relentless drive to help usher in the future of inclusive finance for everyone.

Avail Partners With dWallet Network To Introduce Native Bitcoin Rollups to Web3

Press Releases

Dubai, United Arab Emirates, April 2nd, 2024, Chainwire

Following the integration, users will be able to natively manage their BTC on any rollup in the Avail ecosystem without relinquishing control over their digital assets

Avail, a modular blockchain solution designed to unify Web3 and optimize data availability (DA) for highly scalable and customizable applications, has partnered with dWallet Network, a pioneering non-collusive, decentralized multi-chain layer, to bring programmable native Bitcoin to rollups in the Avail ecosystem.

Leveraging the newly unveiled dWallet primitive, smart contracts using rollups built on Avail DA will be able to programmatically manage native BTC for the first time while preserving user ownership. This marks a paradigm shift from emerging Bitcoin L2 solutions that predominantly rely on collusive and often risky cross-chain solutions, such as bridges, where the user must sacrifice ownership of their BTC.

“Allowing BTC to be used programmatically on other blockchains via a trust-minimized approach is a clever approach to increasing BTC adoption.” said Anurag Arjun, co-founder Avail. “Together with dWallet, we can enable Layer-2 chains or rollups on top of the Bitcoin network. Bitcoin represents a superb base layer from the DA perspective, with the highest security available in the ecosystem. As a result, the dWallet integration will enable users to leverage arbitrary execution and logic to secure their BTC via a decentralized multiparty computation (MPC) solution.”

In essence, the collaboration aims to harness dWallet’s MPC infrastructure to enhance Bitcoin’s capabilities by enabling the creation of native bitcoin rollups — ushering in more efficient and secure transactions and operations on the Bitcoin blockchain and supporting a wider range of functionalities beyond simple transactions.

The integration with the dWallet Network, coupled with the ability to control dWallets from a smart contract on any Avail rollup, was made possible through Avail Nexus, a zero-knowledge coordination rollup embedding validity-proof based light clients and execution proof aggregation. This pivotal move towards the unification of Web3 will also enable developers to power Avail Fusion’s borrowed security from native assets of the most mature ecosystems, including BTC, ETH, and others.

Furthermore, the dWallet Network integration will facilitate the Fusion Security model when it goes live, empowering users to securely hold their BTC, ETH, or other assets in dWallets and stake them to bolster the safety of the Avail ecosystem, all while maintaining ownership of their native assets. This introduces the first native multi-chain staking/restaking solution aimed at securing the consensus of a different blockchain.

To implement the dWallet primitive, the dWallet Network utilizes 2PC-MPC, the state-of-the-art protocol invented by its team. This industry-first multiparty protocol enables the generation of an ECDSA signature in a non-collusive way, requiring participation from both the end-user and a significant number of nodes, the number of which could potentially reach hundreds or thousands.

dWallet technology allows a Solidity smart contract on an Avail rollup to create Bitcoin signatures and enables developers to manage a dWallet. Meanwhile, the dWallet Network mandates approval from the Avail rollup smart contract for logic enforcement, requiring users to finalize the signature to prevent collusion and asset theft. Whether for Web3 applications in custody, DeFi, DAOs, gaming, or other domains, any protocol on an Avail rollup can leverage dWallets for enhanced functionality and secure interoperability.

“We are excited to team up with Avail because our visions of a unified Web3 have so much in common, with both companies striving to bring countless disparate ecosystems together,” noted Omer Sadika, co-founder of dWallet Network. “We firmly believe that the future of Web3 is multi-chain, not cross-chain, and together with Avail, we will continue to work tirelessly on making this vision a reality.”

This latest integration aligns perfectly with Avail’s mission to unify Web3, for which it’s already employing a comprehensive full-stack architecture that comprises three innovative solutions — DA, Nexus, and Fusion Security — to help usher in the rollup future and solve the growing scalability pains of the blockchain industry.

Avail DA stands as the initial cornerstone element of the Avail trinity, offering expansive blobspace for rollup developers and serving as a foundational layer for a diverse and vibrant ecosystem of rollups. Avail Nexus, aimed at unifying the ecosystem beyond the blockchains built atop Avail’s DA layer, employs Avail DA as the trust anchor for ecosystem-wide coordination.

Lastly, Fusion Security will offer additional protection to an expanding network of rollups and blockchains, thus enhancing Avail’s consensus mechanism. Supercharging the Avail trinity with dWallets accelerates the unification of Web3, addresses issues of fragmentation, and paves the way for a completely integrated, secure, and native experience across all Web3 ecosystems.

About Dwallet Network

dWallet Network is the home of dWallets – programmable and transferable signing mechanisms that live on-chain. dWallet Network empowers builders on L1s and L2s to utilize dWallets as a building block for managing assets & enforcing logic across all of Web3 in a decentralized and noncollusive way.

For more information, users can visit: https://dwallet.io/

About Avail

Avail is building a unification layer to solve rollup fragmentation and scalability. Avail addresses this from first principles with its three phase roadmap, the Avail Trinity. Starting with Avail DA, the validity proven data availability layer that scales with demand, followed by Nexus for permissionless unification, and Fusion for shared security. Blockchain and rollup developers can submit transaction data to Avail DA today and inherit the security and benefits of Avail’s KZG commitments and light clients with data availability sampling. Start building today, because the unification of web3 is coming!

For more information, users can visit: https://www.availproject.org/

Contact

Siva Sagiraju
Marketing lead
dWallet Network
siva@dwalletlabs.com

Dogwifhat Surges to Become Third-Largest Meme Coin, Overtaking Pepe Token in Market Cap

Blockchain News/Crypto News Today

Dogwifhat (WIF), a cryptocurrency emerging from the world of internet memes, has made significant waves in the digital currency space by becoming the third-largest memecoin by market capitalization as of March 29.

This achievement saw it overtake the Pepe (PEPE) token in the rankings.

Achieving a new peak, the price of Dogwifhat soared to an all-time high of $4.64 on March 30, only to adjust slightly to $4.32 by 2:00 pm (UTC) the same day, based on data from CoinMarketCap.

The remarkable surge of over 87% in a week propelled Dogwifhat’s market cap to $4.3 billion, thus surpassing Pepe token’s valuation of $3.4 billion.

Such growth has positioned WIF as the 31st largest cryptocurrency overall.

The largest holder of WIF, despite the coin’s 431% increase over the past month, is opting to retain their investment.

Holding $139.5 million worth of WIF tokens, initially purchased at an average price of $0.32, this wallet now sits on an unrealized profit of $127.3 million, as per Coinstats.

The momentum behind Dogwifhat’s rise was notably boosted on March 14, reaching a then peak of $3 following a crowdfunding initiative that gathered over $700,000 for advertising the token on the Las Vegas sphere, resulting in a 25% price increase post-announcement.

Arthur Hayes, the ex-CEO of BitMEX and now chief investment officer at Maelstrom, forecasted on March 14 through an X post that Dogwifhat could reach a $10 valuation, stating, “The hat stays on while I count to $10.”

Dogwifhat joins the ranks of dog-themed memecoins like Dogecoin, which soared to a $75.2 billion market cap in May 2021, currently valued at $30.2 billion.

To match Dogecoin’s market cap, Dogwifhat’s price would need to reach $30.8 per token, an eightfold increase not deemed improbable in the volatile memecoin market.

Reflecting on Dogecoin’s performance during the 2021 bull market, it witnessed an over 892% price increase from $0.07433 on April 12, 2021, to $0.7376 on May 6, illustrating the dynamic and unpredictable nature of memecoin valuations.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Coinbase’s Base Shatters Trading Volume Records, Surpassing $1 Billion Amid Rising Memecoin Popularity

Blockchain News/Crypto News Today/DeFi

Coinbase’s Ethereum layer-2 network, Base, has experienced a significant surge in trading volume on decentralized exchanges (DEX) within just 24 hours, breaking its previous records and exceeding the $1 billion threshold.

Data from Dune highlighted this remarkable increase, showing that on March 30, Base’s DEX trading volume soared to $1.21 billion, a 25% rise from the previous day’s $959.63 million.

The bulk of this trading volume was concentrated on Uniswap, which dominated 64.3% of the activity.

It was followed by contributions from Aerodrome Finance and SharkSwap, which accounted for 9.7% and 7.8% of the volume, respectively.

Additionally, Base’s daily active users (DAU) also witnessed a boost, with a 12.4% jump from 153,000 to 172,000, while the average weekly active users over the past six weeks stood at 667,765.

Amidst this growth, there’s a buzz in the crypto community regarding Base’s potential to emerge as a new focal point for memecoins.

The crypto trader Wizard of SoHo, with a following of 97,000 on X, likened Base to an “early Solana” and foresaw the development of several billion-dollar memecoins on the network.

Similarly, Base contributor Jesse Pollak engaged his 73,200 followers in a discussion about when Base might become the “largest non-Ethereum on-chain economy,” with 49.4% of participants predicting it could happen within 3 months, and another 28.6% within a year.

Despite the buzz, the network presently lacks tokens with a market capitalization reaching or surpassing $1 billion.

However, memecoins like Degen (DEGEN) and Brett (BRETT) are notable, boasting market caps of $709.9 million and $654.6 million respectively, as per CoinGecko.

Notably, DEGEN’s market cap surged nearly fivefold from $143.4 million to $709.9 million in just seven days.

Furthermore, Coinbase announced plans on March 27 to transition more of its USD Coin stablecoin accounts for both customers and corporate entities to Base.

Max Branzburg, Coinbase’s vice president, emphasized that this move would enable the exchange to offer lower fees and quicker settlement times for managing and securing customer funds.

This adjustment will be applicable only to Coinbase.com accounts, excluding Coinbase Wallet users who manage their own private keys.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

XRP Faces Volatility Amid Legal Uncertainties; Ripple and Coinbase Brace for Regulatory Challenges

Blockchain News/Crypto News Today

Over the weekend, XRP experienced a minor setback, decreasing by 1.36% on Saturday and closing the session at $0.6219.

This dip reversed the gains from Friday, highlighting the volatile nature of cryptocurrency markets.

The decline occurred amidst a backdrop devoid of new developments from the ongoing SEC vs. Ripple litigation, instead reflecting market reactions to a significant court decision involving Coinbase.

On Wednesday, a partial victory was recorded for Coinbase in its Motion to Dismiss (MTD) against a lawsuit, but the celebration was muted as the court’s decision also hinted at challenges for Coinbase, Ripple, XRP, and the broader cryptocurrency sector.

The dismissal pertained only to certain allegations, leaving intact serious charges of securities law violations.

Legal analysts had speculated that a complete win for Coinbase might have prompted the SEC to reconsider its stance against Ripple.

Stuart Alderoty, Ripple’s Chief Legal Officer, took to X (previously known as Twitter) to comment on the implications of the recent court ruling, criticizing the SEC’s approach and expressing skepticism about their evidence.

Alderoty’s statements underscore the ongoing tension and the critical eye Ripple maintains towards the SEC’s legal maneuvers.

The court’s ruling, articulated by Judge Katherine Failla, underscored the allegations against Coinbase for operating as an unregistered securities intermediary.

This decision not only affects Coinbase but also casts a shadow over the cryptocurrency industry at large, especially as it involves 13 cryptocurrencies accused of being offered and sold as investment contracts.

In a broader context, the legal landscape for cryptocurrencies in the United States is becoming increasingly complex.

Recent judgments, including one against Terraform Labs, have started to shape a regulatory environment that could extend SEC oversight across the digital asset domain.

These developments are pivotal, potentially influencing the future of Ripple and XRP, among others.

XRP’s market position, in the meantime, remains resilient.

Despite short-term fluctuations, indicators like the 50-day and 200-day Exponential Moving Averages (EMAs) suggest a bullish trend.

Technical analysis points to possible resistance and support levels, with a notable emphasis on the potential for XRP to challenge higher price points, should it overcome immediate barriers.

As the cryptocurrency community watches the unfolding legal battles, the SEC’s aggressive posture towards the sector demands investor vigilance.

The outcomes of these cases, including the one involving Coinbase, could significantly impact market dynamics and regulatory approaches in the U.S. digital asset space.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Moongate Raises $2.7M Seed Round to Develop a Modular Web3 Engagement Layer for Real-World Activations

Press Releases

Hong Kong, Hong Kong, April 2nd, 2024, Chainwire

Moongate announces the closing of a $2.7M Seed round to develop a Modular Web3 Engagement Layer for Real-World Activations. Backed by its success in disrupting the ticketing industry, the company aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI.

The funding round was led by CMCC Global’s Titan Fund, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and notable angel investors from Coingecko, Synthetix, and Dolphin Browser. The team also received ecosystem grants and support from Arbitrum, Polygon, Avalanche, and BNB Chain.

“We are thrilled to have the backing of our investors as we continue to build out our modular Web3 engagement layer. This funding will accelerate our product development and further our mission of driving meaningful Web3 adoption across various industries,” said Jonathan Mui, Founder and CEO of Moongate, expressing his excitement for the investor support.

Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global’s Titan Fund, affirmed Moongate’s potential: “Moongate is at the forefront of driving real-world adoption of Web3 technologies. Their approach to creating a modular Web3 engagement layer will unlock significant value for brands and consumers. The founders’ drive and commitment, along with their achievements in the ticketing industry, illustrate their potential. We’re excited to support the team as they bring Web3 to the next few hundred million people.”

Over 100,000 Active Users for Flagship Decentralized Ticketing and Membership Platform

Moongate has already made significant strides with its flagship product, a decentralized ticketing and membership platform. By transforming real-world assets and experiences into immutable digital tokens on the blockchain, it allows brands to establish direct, authenticated channels with their fans, fostering deeper relationships and unlocking opportunities for personalized experiences, exclusive content, and loyalty programs.

The company boasts an active user base exceeding 100,000 individuals, with major enterprise customers successfully implementing the solution. Notable clients include Wonderfruit, one of Southeast Asia’s largest music festivals, ComplexCon, a globally renowned cultural conference by Complex, and Siam Piwat, a major conglomerate in Thailand with over $1.5 billion in annual revenue. Moongate has also secured long-term service contracts with leading Web3 platforms, including Binance and Avalanche, as well as with major regional crypto conferences across more than 30 countries. Building upon its success, Moongate plans to introduce new feature sets to disrupt adjacent industry segments.

Experience Web3 Engagement through the #MoonFarmer Campaign

To showcase the potential of its Web3 engagement layer, Moongate has unveiled the #MoonFarmer campaign. This initiative is designed to incentivize users and creators by rewarding them with points for engaging in various tasks on the platform, fostering creativity, ownership, and community participation on-chain.

The company is committed to providing the utility and connectivity required for the next generation of Web3 experiences. The highly anticipated early access to the private beta is scheduled to roll out this week, leading up to the public launch. Further details about the campaign can be found in the linked post.

As Moongate continues to innovate and expand its offerings, the company remains dedicated to its mission of driving meaningful Web3 adoption across various industries. With the support of its investors and the success of its flagship product, Moongate is well-positioned to revolutionize the way brands and consumers interact in the digital age.

For media enquiries, users can contact:

Jonathan Mui: jon@moongate.id

About Moongate

Moongate is building a Modular Web3 Engagement Layer for Real-World Activations, abstracting the complexity of blockchain to record real-world experiences on-chain. This allows users to create a ‘phygital’ passport to unlock various rewards, access, and communities tied to their omni-channel profiles. The company’s flagship product, a decentralized ticketing platform, has already demonstrated significant traction, with an active user base of more than 100,000 individuals and successful partnerships with major enterprises such as Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and many more across 30+ countries. Backed by its success, Moongate aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI technologies.

To learn more users can visit Moongate’s Official Website | Twitter | LinkedIn

About Titan Fund

Titan Fund offers accredited investors exposure to attractive growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy focusing on seed to series A companies along the key investment verticals of Infrastructure, Fintech and Consumer. The Titan Fund is CMCC Global’s latest fund strategy and complements its Digital Asset Funds, which have been investing directly into protocols and crypto assets since 2016, and its SYZCrest fund of funds that invests into crypto quant funds.

To learn more users can visit Titan Fund Official Website

Contact

CEO
Jonathan Mui
Moongate
jon@moongate.id

How to Earn Real Crypto Trading Futures?

Blockchain News/Crypto News Today/Gambling

The crypto industry is growing and enriched with new trading tools. To succeed in this dynamic market, traders should understand the fundamentals of trading and identify the most suitable instruments for their needs. One such tool that has gained significant popularity among many crypto enthusiasts is Futures. Explore the trading world and learn how to earn real profits from crypto Futures.

What are Crypto Futures?

Crypto futures are financial derivatives that allow traders to speculate on the crypto price movements. Unlike spot trading, where assets are bought and sold for immediate delivery, Futures contracts enable the trade of an asset at a predetermined price on a specified future date. The principle of working with them is to choose the long or short Futures position and form a correct betting strategy. Analysts and professionals who can predict price movements well can earn millions on trading. So, the first step to success is to choose the most suitable tool and understand its essential aspects.

Where to Trade Crypto Futures?

Over time, many platforms are expanding their crypto ecosystems and introducing Futures trading. If you are looking for a unique experience and exclusive benefits, consider the following projects.

BetFury: the platform offers many trading opportunities with low fees and up to x1000 multiplier. Moreover, BetFury gives up to a 60% discount on Futures commission for all holders of BFG (the platform’s native token).
RollBit: the platform is known for its user-friendly interface and comprehensive range of Futures products. Another plus is that RollBit offers over 20 currencies for trading.
BCGame: the platform has expanded its crypto ecosystem to include a trading game. It has low leverage but is convenient for novice traders.
SolCasino: the platform offers users 18 currencies for trading with high multipliers. SolCasino Futures has an attractive interface and pleasant customer service.

How to Earn Real Crypto Trading Futures?

There is no one-size-fits-all method for success in this dynamic market. However, you can consider some key principles to decrease the level of risk.

Do Your Research: the ideal strategy is your own strategy. Each responsible user should independently analyze the market, be in search, and choose the most profitable approaches. Thus, catch waves of relevance and conduct your own crypto research.
Use the Right Leverages: earnings from Futures directly depend on the chosen leverage. The bigger the leverage, the higher the income. For example, BetFury Futures offers a multiplier of up to x1000. Suppose a user places $10 with 1x leverage and closes the position with a P&L +$1. If, in this case, the user places $10 with 1000x leverage, his profit will be $1,000.
Use a Variety of Indicators: when trading Futures, it is essential to use all tools provided by the platform for convenience and speed. Knowing how to use indicators to trade futures is an admirable skill for crypto earning.
Apply Additional Trading Tools: classic Futures are formed based on exchange rates from official exchanges. However, specific tools work a bit differently. For example, FuryWaves by BetFury generates price movements using a randomizer. It simulates a trading experience with an entertaining method and helps users master more difficult instruments.
Practice Risk Management: implement techniques to protect your capital and minimize losses. Pay attention to stop-loss orders to limit potential losses and use the correct position size for effective risk management.
Develop a Futures Trading Strategy: even if one strategy consistently generates income, you don’t need to stick to it. It’s worth looking for new approaches that will bring even more cryptocurrency.
Choose a Reputable Platform: trade Futures on reliable platforms with security audits, long-term and reachable plans, a supportive community, and strong partners. As a sample, BetFury has over 2M users, CertiK audit, and leading partners like BNBChain. Such aspects build trust and knowledge that any tools of this platform have a transparent and fair system.
Be Patient: take your time to earn as much crypto as possible at once. Creating perfect strategies takes a lot of time. By exercising patience, you can thoroughly analyze market trends, identify optimal entry and exit points, and adjust your strategies.

Conclusion

Trading crypto Futures offers enthusiasts a lucrative opportunity to earn by predicting price changes. You can capitalize on this for substantial financial gain with a deep understanding and the right approach. Therefore, choose the most profitable Futures tool and adhere to all tips to get real crypto.

BSX: The First CLOB Perp Exchange to Launch on Base Layer-2 Blockchain

Press Releases

Grand Cayman, Cayman Islands, April 1st, 2024, Chainwire

Quick Take

BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance decentralized exchange, offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of centralized exchanges with the self-custody features of decentralized exchanges.
BSX will begin trading on Base L2 Mainnet Alpha on April 1, 2024.

Following the conclusion of its Public Testnet trading phase in Q1, BSX – the new standard in premier, high-performance decentralized exchanges (DEXs) – is set to begin trading on the Base L2 Mainnet Alpha on April 1, 2024.

BSX is backed by a number of notable investors, including Base Ecosystem Fund, Bankless Ventures, CMS Holdings, No Limit Holdings, Saison Capital, Kyros Ventures, WW Ventures, among others. BSX is also being advised by Arthur Hayes, the founder and CIO of Maelstrom and the co-founder of BitMEX.

BSX aims to provide the ultimate DeFi trading experience, combining the liquidity, premium UX and user-friendly features of centralized exchanges (CEXs) with the pricing and self-custody features of (DEXs). By utilizing the Base network, BSX provides lightning quick transactions and inexpensive trading fees while ensuring transparency and accuracy through on-chain settlements.

BSX also streamlines the interface and flow for retail traders, who can conveniently connect their existing wallets, enable one-click trading, and securely execute trades on-chain. BSX users will be able to access a wide range of crypto products, including perpetuals, spot, and more, all in one place.

Core product offerings:

Low-gas Trading: Base’s transaction costs are minimal and highly optimized, enabling near gas-free settlements. This makes the total trading costs comparable to CEXs.
Unrivaled Performance: Our high-performance trading engine provides extremely low latency and instant, guaranteed execution. Coupled with our one-click instant trading feature, it offers an experience akin to, if not better than, CEX trading.
Self-custody and Transparency: By settling all trades on-chain, BSX ensures you have full control over your funds without any hidden counterparty risks. Your keys, your coins.
API Integrations: BSX’s Delegated Keys feature simplifies the use of external trading terminals without exposing your private keys or relinquishing custody of your funds.

BSX initiated its Private Testnet in November 2023 – welcoming early adopters from an extensive waitlist of 80,000 members – and its Public Testnet in January 2024 included 5,000 traders, who contributed to a robust total trading volume of $5B during the period.

BSX is positioned to compete with leading centralized exchanges like Binance and OKX, with crypto perpetuals trading in April, followed by other products later this year. Visit bsx.exchange to trade and participate in the upcoming exciting rewards program for new traders and/or go to the following:

Discord community: https://discord.gg/FWdPe5Vgjr

Twitter: https://twitter.com/bsx_labs

Public docs: https://docs.bsx.exchange/bsx-docs

Contact

Core Contributor
Henry N
BSX Protocol Foundation
team@bsx.exchange

Bitcoin Surges to $70,000, Eyes Record Highs Amid Positive Economic Remarks from Fed Chair Powell

Bitcoin/Blockchain News/Crypto News Today

Bitcoin‘s resurgence to a $70,000 valuation post the March 29 daily close has sparked considerable attention as the cryptocurrency market anticipates the conclusion of an exceptionally bullish first quarter.

According to data from Cointelegraph Markets Pro and TradingView, Bitcoin is now testing the previous all-time highs around $69,000 as potential support levels, moving into the weekend with a promising upward trajectory.

The latter part of the day saw Bitcoin appreciating by about $1,000, buoyed in part by remarks from Jerome Powell, the Chair of the U.S. Federal Reserve, during an interview at the Macroeconomics and Monetary Policy Conference held in San Francisco, California.

Powell’s demeanor towards inflation and the broader economic forecast was notably measured, indicating a deliberate approach to policy adjustments, particularly regarding interest rate cuts, which are pivotal for risk assets.

“Growth is strong right now, the labor market is strong right now and inflation has been coming down,” Powell commented, emphasizing a cautious stance on future decisions.

Market speculations currently favor a June timeline for an anticipated interest rate reduction, with predictions leaning towards a 0.25% cut during the Federal Open Market Committee (FOMC) meeting, based on probabilities from CME Group’s FedWatch Tool.

Despite March 29 being a non-trading day on Wall Street, the release of the Personal Consumption Expenditures (PCE) Index, a preferred inflation measure by the Fed, aligned with expectations at 2.5%, maintaining a stable outlook on inflation.

As Bitcoin navigates through potential price action barriers, the spotlight remains on the upcoming weekly, monthly, and quarterly candle closes.

Notable cryptocurrency trader and analyst Rekt Capital underscored the importance of the $69,000 level, suggesting that a weekly close above this threshold could set a new record for Bitcoin’s closing price.

“BTC is going to continue whip-sawing and zig-zagging within this Weekly Range until the Weekly Candle Close,” Rekt Capital shared on X (formerly Twitter), highlighting the significance of consolidation outside of these movements.

In addition, Kevin Svenson, another prominent trader, pointed to optimistic on-chain indicators, notably the moving average convergence/divergence (MACD) oscillator on daily charts, which is reportedly primed for an upward cross.

Svenson’s analysis on X suggests that such a development could herald a significant breakout for Bitcoin, potentially surpassing the all-time highs near $74,000, indicating a bullish outlook for the cryptocurrency’s future trajectory.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

GRAM Token Now Listed on MEXC Exchange, Marking a Significant Milestone for the Crypto Community

Blockchain News/DeFi

In a notable development in the cryptocurrency market, GRAM, recognized as one of the leading growth tokens of 2024, has been officially listed on the MEXC exchange. The crypto community has often likened GRAM to Bitcoin, referring to it as the Bitcoin equivalent for Telegram users. This listing marks a pivotal moment for GRAM, showcasing its popularity and potential within the crypto space.

Key Developments

Trading Pair Availability: MEXC has introduced the GRAM/USDT trading pair, providing traders with a new opportunity to engage with one of the most sought-after tokens on the TON blockchain.

Verification and Popularity: Prior to its listing, GRAM became the most popular token on the TON blockchain, and now, it underwent thorough independent verification by a major exchange, a process aimed at ensuring the coin’s demand within the crypto community. The successful listing on MEXC serves as further validation of GRAM’s promising prospects
Previous Listings and Purchasing Options: Before its debut on MEXC, GRAM was available on several decentralized exchanges including STON.fi, Ton.Diamonds, and DeDust. Additionally, it can be purchased through the P2P section of CryptoBot in Telegram.

Why Invest in GRAM?

1. Strong Technical Foundation: As the premier project on the TON blockchain, developed by Telegram and refined by independent programmers, GRAM benefits from high throughput and scalability. This technical prowess supports its use in various financial transactions and as a store of value.

2. Decentralization and Accessibility: With no single owner, no pre-mining during its launch, and a vibrant community steering its direction, GRAM embodies true decentralization. The token is mineable using regular computers with graphics cards, emphasizing its accessibility and distribution among a wide user base.

3. Promising Growth Outlook: The upcoming Bitcoin halving is expected to catalyze growth across the crypto market, with well-positioned altcoins like GRAM poised to benefit significantly. Since its launch in January 2024, GRAM has already achieved a staggering 28,000x increase in value (from $0.00000107 to $0.03, peaking at $0.044), demonstrating its potential for future gains.

Looking Forward

Following its successful listing on MEXC, the GRAM community anticipates further listings on major exchanges in the near future. According to the GRAM community Telegram group, recently, more than one million GRAMs have been sent to accounts on MEXC and OKX, indicating a high level of activity. This expansion is expected to attract new investors and contribute to the token’s growth trajectory, making now an opportune time to consider adding GRAM to one’s investment portfolio.

The integration of GRAM into MEXC not only underscores the token’s viability and demand but also signals exciting times ahead for investors and the broader TON blockchain ecosystem.