Thursday, August 24, 2023

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National Airdrop

The resolution of political drama and appointment of Srettha Thavisin as Thailand's next Prime Minister means a 10,000 THB ($300) 'airdrop' is likely happening.

This proposed 10,000 baht (THB) distribution would be provided to every Thai citizen aged 16 and above, with the condition that it can only be utilized within a four-kilometer radius of their residence. The airdrop will utilize a national token rather than an existing digital asset or cryptocurrency. Vendors will have the option to convert it into cash at specified banks.

In today's news, we have EigenLayer's TVL surging after a second round of deposits, Binance Labs investing in Pendle Finance, and Solana Pay integrating with Shopify.

Read on!

Global CBDC Development: First Movers & Progress

When it comes to the pace of development, emerging economies are moving faster on Central Bank Digital Currencies (CBDCs) as compared to advanced economies.

According to the Atlantic Council CBDC Tracker, there are currently 11 economies with a launched or piloted CBDC, which include the Bahamas, Jamaica, Nigeria, Anguilla, and the Eastern Caribbean Currency Union (ECCU), all of which are classed as emerging. In contrast, only eight advanced economies have piloted CBDCs to date, none of which are officially launched.

While 130 economies are now exploring CBDCs, only three have fully launched a digital currency so far, and nine are in the pilot phase.

Read more here!

Bitget KCGI 2023: Battle to Win a Share of 2,650,000 USDT!

The highly anticipated Bitget KCGI (King's Cup Global Invitational) is back! As our largest trading competition throughout the year, the 2023 KCGI has a prize pool of 2,650,000 USDT, and various giveaways including an Airbus H135 helicopter, Tesla Cyberquad for Kids, and iPhone 15 Pro Max!

Join Now!

24h Hot Searches Worldwide 🔥

Tezos (+1.3%)
Hourglass (+6.7%)
Bitrock (-33.5%)
Sei (+1.8%)
Pendle (+11.6%)
Ethereum (+1.7%)
Worldcoin (+5.6%)

Stablecoins are an integral part of the crypto markets.

Learn about the main types in this video!

In the Hot Seat

The U.S. Department of Justice has charged the founders of Tornado Cash with money laundering. One of the founders has been arrested, while the other remains at large.

Tornado Cash is a widely-used "coin mixer" application designed for anonymously sending and receiving Ethereum, the second-largest cryptocurrency by market capitalization.

Decrypt

Real-world Adoption

Solana's payment platform, Solana Pay, has now been integrated with the prominent e-commerce platform Shopify, facilitating digital dollar currency transactions.

Through this integration, users can link their Solana-focused cryptocurrency wallets, such as Phantom or Slope, and carry out on-chain payments with merchants using USDC, a stablecoin pegged to the US Dollar.

CoinDesk

Round 2

EigenLayer, an Ethereum re-staking protocol, has concluded the second round of re-staking deposits, leading to a significant increase in total value locked (TVL), now approaching $240 million.

Additionally, EigenLayer has unveiled a fresh non-fungible token (NFT) series named EigenWorlds, which opened for a free mint today. The team has not yet revealed whether the mint is merely commemorative or if this collection will have any utility.

The Block

Earn more through liquid staking with Origin Ether (OETH). Origin Ether is an ETH-pegged token revolutionizing liquid staking by rebalancing between leading liquid staking tokens to earn top risk-adjusted returns, with over 40K ETH in TVL. Find out how OETH offers higher yields and how to get started now.

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