Tuesday, September 10, 2024
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Just the same old story for September, or we will see things turn around real quick? In today's news:
Read on! | | 24h Hot Searches Worldwide 🔥 | | State of Stablecoins: 2024 | | Explore the evolution of stablecoins over the years, from their rapid growth to the ongoing innovation of new forms and failures along the way. | | | For the alliance! 🤝 The Kujira network is merging with three of its partners - Fusion, Unstake, and Wink - to form the Rujira Alliance, a unified effort to develop a new app layer for THORChain.
According to 'JP THOR', the co-founder of THORChain, the project would include a combined treasury and would be led by him for the time being.
He also added that the Rujira layer would feature products from various DeFi verticals, such as perpetuals, order book DEXs, and even a token launchpad.
With the new merger, the KUJI, WINK, FUZN, and NSTK tokens will be combined into the new RUJI token.
However, the Kunjira team has stated that the merge will not affect KUJI's utility and is completely voluntary.
Yet, the price of KUJI has plunged by 13.3% from $0.448 to $0.388 today.
On the other hand, the price of THORChain's native token, RUNE, has risen by 6.2% from $3.69 to $3.92 following the app layers's announcement.
Editor's Note: Mergers between two crypto projects are quite common, but a combined effort between several projects is rare. With different teams able to focus on different aspects of Rujira, the project could ship new products and improvements at a much faster pace. However, the teams would need to remain aligned. Otherwise, conflicts may occur more frequently, which would not bode well for a project of this scale. | | | The AO Computer is a recent addition to the expanding Arweave ecosystem. Learn more about how it works and its fair launch token in this video! | | | Crypto-native credit card 💳 Liquid staking protocol Ether.Fi is launching its new credit card on the Scroll Layer-2 network.
Known as Ether.Fi Cash, the card will be issued by Visa and comes in several tiers based on popular degen memes such as Pepe, Wojak, Chad, and Whale.
Ether.Fi Cash currently offers up to 3% cashback on all transactions, but the card is only available in certain jurisdictions.
The card is non-custodial, meaning that users can pay for goods and services directly from their own crypto wallets rather than being forced to transfer them to a separate account.
Holders can even use the card to borrow funds against their staked deposits and, in the future, to pay using their native staking yield. | | | Corn is a Layer 2 network that is working to integrate Bitcoin into the Ethereum ecosystem, and is now rewarding users with Kernels for an upcoming token airdrop. Find out how to qualify! | | | In Other News... Neiro Ethereum Breaks Top 25 Memecoin: I Got This Mom! Dogecoin's mascot, Kabosu, passed away earlier this year. Kabosu's owner then adopted a new Shiba Inu, Neiro, which inspired the now top 25 memecoin, Neiro. Ethereum Layer 2s: Marketing Wins! Coinbase's Layer 2 Base network has outpaced other Ethereum L2s despite its simpler tech. The "Onchain Summer" event drew over 2M wallets and $5M in revenue, showcasing the effects of strong marketing.
Snapshot Labs Moves On-chain with Starknet. Snapshot Labs, previously an off-chain platform used by 96% of DAOs for governance votes, has now moved on-chain to Ethereum Layer 2, Starknet.
It's Not That Deep! Apple's unveiling of the iPhone 16 saw many crypto scammers utilizing DeepFakes of Apple CEO Tim Cook to advertise crypto scams on YouTube live streams. Be cautious of any YouTube live streams urging you to deposit your crypto.
Steady Lads, Deploying More Capital. Japanese investment firm Metaplanet has purchased an additional $2M in Bitcoin, increasing its total holdings to over $26M. The firm began acquiring Bitcoin in May, following its decision to include it as a treasury asset.
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