Thursday, August 15, 2024
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Another slow day for BTC, but there's still plenty of things being built! In today's news:
The Meta-Master card 💳 From ezETH to ezSOL 💧
Read on! | | 24h Hot Searches Worldwide 🔥 | | Ethereum Price Predictions for 2024 | | Are analysts and pundits bullish when it comes to ETH? Check out some of their price predictions for 2024. | | | The Meta-Master card 💳 The popular Web3 wallet MetaMask is teaming up with Mastercard to launch a new crypto debit card. Unlike other crypto debit cards that may need to be topped up from external addresses, the MetaMask card will connect directly to users wallets, allowing for seamless crypto payments.
However, there are several caveats - users have to store their crypto on the Linea Layer-2 within their MetaMask wallet, and then delegate the assets to their card.
Currently, the MetaMask card support stablecoins such as USDC, USDT, and other assets such as WETH.
The card is currently available through a pilot testing phase for several thousand users from EU and the UK.
Yet, MetaMask expects that the card will be fully launched in the two regions by the end of the year, and will be launching pilot programs in other areas in the next few quarters.
Interestingly, the card will be issued by Baanx, a UK-based Web3 firm with its own native BXX token.
Since the MetaMask card was announced, the price of BXX has risen by 76.6% from $0.041 to $0.072.
Editor's Note:
With more off-ramp solutions coming into the space, it makes complete sense for MetaMask to capitalize on providing this feature for their Wallet users. While they claim to support stablecoins and major currencies at the start, it's not hard to imagine that maybe the selection of supported assets may even expand to memecoins or even yield-bearing assets. | | | Watch today's video to catch up on the latest state of CBDCs in 2024! | | | From ezETH to ezSOL 💧 Renzo, one of the largest liquid restaking protocols, is ready to make its mark on Solana.
Partnering with the Jito Foundation, Renzo plans to launch their version of liquid restaked SOL, known as ezSOL, September this year.
The platform states that users will be able to mint ezSOL using jitoSOL as the underlying asset, which will accrue additional yield from securing different protocols, on top of staking and MEV rewards.
Once ezSOL is live, the tokens can also be used to earn more rewards on other Solana-based DeFi protocols. | | | NEAR Introduces Chain Signatures - a groundbreaking Chain Abstraction solution built on NEAR enabling the next chapter of Chain Abstraction by allowing smart contracts and accounts to sign transactions on any chain. | | | | In this article, we'll explore how Agoric aims to revolutionize crypto UX, making it easier to experience seamless cross-chain opportunities with fewer transaction signatures required. | | | | Sonic is a Layer 2 on Solana built specifically for decentralized gaming. Users can now join the Sonic Odyssey Testnet campaign to earn Ring rewards! | | | In Other News... Telegram Increasingly Crypto Friendly. Users can send reactions to content creators on the app, which can be converted into TON tokens. The growing introduction of features supporting cryptocurrencies highlights Telegram's growing commitment to the widespread adoption of digital currencies. Silk Road Bitcoin On the Move. On Wednesday, the U.S. government transferred over $600M in Bitcoin to Coinbase. The purpose of this move is not yet known, and further market volatility could occur if they decide to sell.
TON Coin Heats Up. Binance's launchpad announcement for TON on Tuesday led to the coin surging 10%. Token trading is now live on Binance.
Nigerian Government Freezing Efforts Fail Cryptocurrencies Prevail. Despite the government's assertion that wallets were frozen in response to civil unrest, these cryptocurrency wallets continued to operate. This shows the censorship-resistant nature of cryptocurrencies in practice.
Binance Is Back in India. After seven months of being banned, the cryptocurrency exchange is back following a successful registration with the Indian government.
Mantra Chain Unveils Another Round of Airdrops. The Real World Assets (RWA) focused blockchain has announced a new round of airdrops valued at approximately $50M. The eligibility criteria have been disclosed, and once again, prominent NFT communities are included.
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