Tuesday, December 3, 2024
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Read on! | | | Join the Decade of BitMEX Trading Competition from 25 Nov - 14 Dec to compete for a 10 BTC Prize Pool and mega prizes such as… $20,000 in Holiday Trip Funds $5,000 in Luxury Hotel Vouchers Apple MacBook Pros $5,000 USDT Bonus
...and more. Don't miss out on your chance to compete and win big. Celebrate our 10-year anniversary with us the right way. | | | 24h Hot Searches Worldwide π₯ | | From DEXs to derivatives π€ Synthetic stablecoin issuer Ethena has teamed up with on-chain derivatives protocol Derive to drive further growth for both platforms.
The partnership will see Ethena's flagship USDe and staked USDe products integrated into the Derive platform, further boosting the platform's liquidity and trading volume.
Subject to its risk council's approval, Ethena will also expand its basis trading operations to Derive, increasing the protocol's capacity to support larger positions.
At the same time, the entity behind Derive, the Lyra Foundation, will receive a multi-million dollar grant from the Ethena Foundation in exchange for a grant of Derive's native DRV tokens.
Additionally, existing staked ENA (sENA) holders will be entitled to 5% of the DRV tokens provided to the Foundation. Over the past week, the total supply of USDe in circulation has grown by 20% from $4B to $4.8B today.
Meanwhile, the price of Ethena's native ENA token has risen by 38.9% from $0.59 to $0.82 as of the time of writing.
| | | Learn the difference between hot vs cold wallets and how they secure your crypto. | | | Just another artifact π RTFKT, the Nike-owned firm responsible for producing virtual wearables and the Clone X NFT collection, has announced its closure.
In a recent announcement, RTFKT stated that it will be sunsetting its operations in January next year and launching a revamped website to highlight its achievements in the NFT space. The company will also release one last collection later this month - known as MNLTH X (featuring BLADE DROP) - before shutting down. Since the announcement, the value of several NFT collections produced by RTFKT has fallen significantly, with the floor price of Clone X NFTs plunging by 35% from 0.56 ETH (~$2K) to 0.35 ETH (~$1.3K).
| | | All you need to know about swapping tokens on the blockchain, the pitfalls, misconceptions and more! | | | In Other News... PolyMarket Users Loyal Despite Elections Concluding. Data from Dune dashboards reveal that despite open interest plummeting after the elections, PolyMarket maintains a healthy number of active daily users at 30K. This number is not far off the 39K active users during the election period. Potential $2B Bitcoin Sell-Off?! Arkham Intelligence data reveals that the US Government has just moved over $2B worth of Bitcoin, seized from the Silk Road to CoinBase. It is unclear if the US government intends to sell off its holdings. Coinbase's First Pump.fun Memecoin Listing! Solana memecoin MOODENG soared 80% in an hour after CoinBase announced that it would be listing the memecoin. The Ripple Effect. Chainlink surged 29% on speculations that the DeFi oracle project would also partner up with various financial institutions. Comparisons are being drawn to XRP, which recently surged on institutional adoption. Sonic Labs Layer 1 Blockchain Could Go Live Soon. Sonic Labs, a project forked from the Fantom blockchain, is set to launch its mainnet soon. It was also recently announced that a snapshot for the upcoming airdrop has just been taken.
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