Michael Saylor Shares Crucial BTC Advice, Shiba Inu Burn Rate Surges 12,842%, Cardano Spikes 162% in Trading Volume: Crypto News Digest by U.Today
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ApeBond Expands to LightLink: Revolutionizing DeFi Bonds with Gasless Transactions
ApeBond is excited to announce its expansion to LightLink, a groundbreaking gasless blockchain network tailored for enterprises, dApps, and millions of users. LightLink, an Ethereum Layer 2 blockchain, empowers dApps and enterprises to offer users seamless, gasless transactions, marking a significant leap in the DeFi landscape.LightLink Bonds: The Next Frontier in DeFi InnovationWith LightLink Bonds, ApeBond is setting the stage for a new era in DeFi. By integrating with LightLink, known for its exceptional transaction speeds and low costs, we are enhancing our DeFi Bonds platform to offer users instant, gasless transactions with transaction speeds of just 0.5 seconds and gas fees as low as $0.01. This integration underscores our dedication to pushing the boundaries of DeFi technology and user experience.The Strategic Move to LightLinkApeBond move to LightLink represents more than just another blockchain integration; it’s a strategic choice to harness LightLink’s cutting-edge technology and its rapidly growing ecosystem. Additionally, ApeBond has received a grant to build on LightLink, showcasing the network’s support for our vision and growth.LightLink’s high-speed transactions and minimal fees create an ideal environment for our Bonds product, which has already surpassed 130+ partners. This ecosystem offers unmatched opportunities for growth, scalability, and impact.Envisioning the Future of BondsThe launch of LightLink Bonds adds another chain to ApeBond’s tally and is another step toward making DeFi more sustainable. With a current total bonded value of over $14 million, ApeBond welcomes the LightLink community to explore the limitless possibilities of our Bonds products. ApeBond’s vision remains steadfast: to expand offerings with high-quality partners, continually enhancing our ecosystem week by week.This movement pioneers innovations that redefine the Web3 landscape, continually breaking new ground and setting new standards for what DeFi can achieve.About ApeBondApeBond is a decentralized finance platform offering a full suite of tools to explore and engage with the future of wealth building. With products ranging from a decentralized exchange, a bonding protocol, and a Liquidity Health Dashboard, ApeBond empowers users to access DeFi in a secure, transparent, and globally accessible way.ContactDirectorPah [email protected] article was originally published on Chainwire More
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Business leaders’ myopic reversal on Donald Trump
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Chinese spy threat spooks US tech sector
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India approves $9-billion port to boost trade with Europe
The Vadhavan port will be built on India’s western coast, about 150 km (93 miles) from financial capital Mumbai, for 762 billion Indian rupees ($9.14 billion), Information Minister Ashwini Vaishnaw told reporters. The port will include terminals to accommodate “mega vessels” and terminals for petroleum, automobiles and other imports, with annual capacity of 298 million metric tons, Vaishnaw said. He added that the first of two phases of construction is expected to be completed by 2029.”This will be an integral part of (the) India-Middle East corridor,” Vaishnaw said, referring to the plan announced in September on the sidelines of the G20 summit in New Delhi. “This will be a major multiplier of economic activity in the future.”($1 = 83.3870 Indian rupees) More
Exact Reason Behind Bitcoin (BTC) Drop Finally Revealed
Recently, cryptocurrency hedge funds have completely given up on Bitcoin. Throughout the previous 20 trading days, they have decreased their exposure to the BTC market to just 0.37. This is the lowest level since October 2020. The charts show the price trend of Bitcoin from 2019 to 2024, emphasizing notable highs and lows. Hedge funds’ reduced exposure to Bitcoin offers an important reason for the recent steep decline in the cryptocurrency. The lower chart illustrates the rolling one-month beta of global crypto hedge funds to Bitcoin, demonstrating the degree to which hedge fund performance is influenced by changes in the price of Bitcoin. A hedge fund’s performance follows Bitcoin if its beta value is one, whereas a beta of less than one denotes reduced exposure. The drop to a beta of 0.37 indicates that hedge funds are far less vulnerable to changes in the price of Bitcoin than they were a few years ago.Hedge fund exposure was last at this low point in October 2020 just before Bitcoin saw a notable bull run. Hedge funds are well known for their calculated actions and frequently have access to cutting-edge data and industry knowledge. They may have been expecting more drops or volatility based on their withdrawal from Bitcoin.There are a number of reasons for this cautious approach, such as shifting internal investment strategies, macroeconomic conditions or regulatory uncertainties. Since there has been less exposure, there has probably been more selling pressure on Bitcoin, which has pushed the price below the crucial $65,000 mark.Given that they frequently have significant capital under their control, hedge funds have a significant influence on the market. The mood of the market and price action greatly affects the flow of funds.This article was originally published on U.Today More
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ECB urges Eurozone countries to cut high levels of debt
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How ‘pub meal’ inflation has hit hopes of UK rate cut
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