🦎🚀 It's looking busy in the Lion City! 🦁

Thursday, November 16, 2023

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Singaporean Stables

Crypto firm Paxos has established Paxos Digital Singapore Pte. Ltd. to launch a USD-backed stablecoin in Singapore.

The new entity has received in-principle approval from the Monetary Authority of Singapore and aims to issue the stablecoin in compliance with Singapore's stablecoin regulatory framework.

In other news, significant collaborations are underway to create a proof-of-concept for investment portfolio management, the NHL has launched its own NFT platform, and a new Web3 game is coming to Epic Games and Steam.

Read on!

24h Hot Searches Worldwide 🔥

Celestia (-2.1%)
Wing Finance (+3.7%)
Zephyr Protocol (+50.3%)
Bonk (+9.1%)
Sei (+14.0%)
Kujira (+11.1%)
Solana (+9.2%)

Top Layer-1 Blockchains

The top 10 L1 blockchains have 9.6 times more TVL than the top 10 L2 blockchains. Even though L1s have seen smaller growth in terms of TVL compared to L2s, the total value locked (TVL) in the top L1s significantly surpasses the TVL of the top L2s.

This underscores that TVL remains predominantly concentrated on L1s and suggests that L2s still have substantial ground to cover in this respect.

WhiteBIT Exchange Birthday Activities Have Begun!

The WhiteBIT crypto exchange celebrates its 5th anniversary, but it is the users who will get presents. During the whole month, the exchange will hold 3 epic activities with a total prize pool of 60,000 USDT. Whether you're a newbie or a seasoned trader, WhiteBIT has activities for everyone. Tap to find out more and join the celebration now!

Learn more

Crypto bridges play an important role in connecting the ever-growing crypto multichain-verse. Find out how the main types work in this video!

Watch now!

Proof of Concept

JPMorgan's Onyx Digital Assets team has partnered with WisdomTree, Apollo, Avalanche, Oasis Pro, Provenance Blockchain, Biconomy, LayerZero Labs, and Axelar to create a proof-of-concept for investment portfolio management on blockchain.

This collaboration aligns with the Monetary Authority of Singapore's Project Guardian initiative, emphasizing open and interoperable private networks for tokenized asset exchange using DeFi protocols.

CoinDesk

From the NFL to the NHL

The National Hockey League (NHL) has officially launched NHL Breakaway, an NFT collectibles platform developed in partnership with the National Hockey League Players' Association (NHLPA), National Hockey League Alumni Association (NHLAA), and crypto startup Sweet.

NHL Breakaway enables fans to collect, trade, and showcase digital collectibles featuring NHL highlights.

The platform incorporates a Trade Lounge for collector interaction, public profiles for showcasing fandom, and gamification elements such as challenges for earning real-life rewards.

The Block

Ready for the Masses

Blowfish Studios' mecha combat game, Phantom Galaxies, has been released in early access.

The Web3-enabled title is available for free on its official website and the Epic Games Store, featuring blockchain integration that provides players with true ownership of in-game digital property.

Additionally, a non-Web3 version would be accessible on Steam.

Decrypt