Aurelia Butler

Swaap Labs has announced the launch of Swaap Earn, a new protocol for enhancing DeFi yields. The solution enables liquidity providers to enjoy improved yields, maximizing DeFi earnings while mitigating risk.Swaap Earn utilizes a novel supercharged liquidity system that allows users to top up returns even from natively yield-bearing tokens with market-making yield. It builds upon the success of Swaap Maker, the protocol’s existing market making infrastructure, which has delivered consistent yields so far. Single-asset exposure supports instant token deposits with no position management.Users can enjoy enhanced returns on yield-bearing tokens and take advantage of optimal asset allocation. Dynamically distributed across a set of predefined protocols, this strategy ensures users always get the best yields that match their risk tolerance. Strategies and allocation rules can be added by governance to ensure vaults are up-to-date with the latest yield-generation opportunities.After depositing funds into single-asset vaults, Swaap Earn Liquidity Providers can earn superior yields. The strategy is 100% passive, with the protocol adjusting capital allocation to whitelisted protocols to increase returns in a trust-minimized manner.David Bouba of Swaap Labs said: “The beauty of Swaap Earn lies in its simplicity and efficiency. By marrying our cutting-edge market-making strategies with passive yield generation, we’re setting a new standard for liquidity utilization in the DeFi space.”Swaap Earn prioritizes usability, with a particular focus on UI/UX. The first vaults Swaap Earn utilizes have been developed in conjunction with partners that include Lido and AAVE, with AAVE providing a grant to Swaap Labs to support the development of Swaap Earn.With Swaap Earn, deposited asset liquidity is directed to DAO-approved protocols and assets. A strategist dynamically distributes the liquidity among pre-approved options, facilitating optimal capital allocation based on market conditions and efficient collateral management on lending platforms. This dynamic strategy enables returns to be maximized while minimizing downside risk.DeFi users commonly struggle with risk management and configuring complex strategies. Despite progress in strategy and risk mitigation, issues such as poor strategy design and liquidation risks persist. Swaap Earn was created to solve these challenges while increasing the returns available to LPs.Efficient liquidity utilization is one of the greatest challenges faced by DeFi developers, with the expanding multi-chain landscape resulting in liquidity fragmentation. Revised fee structures by popular AMMs have also resulted in LPs earning less fees than previously. As a result, sustainable yield has become harder to find. Swaap Earn was created to address these problems and set a new benchmark for attainable DeFi yield.About SwaapSwaap is a non-custodial and interoperable market making infrastructure. It provides optimized market making strategies tailored to the needs of DeFi users. From yield maximization to liquidity enhancement, Swaap empowers onchain users to extract more value and enjoy greater capital efficiency.Learn more: https://www.swaap.finance/ContactCyrille [email protected] article was originally published on Chainwire More

Owen Mitchell, a leading figure in the cryptocurrency industry, has significantly impacted the sector through his strategic business approach, as demonstrated in recent events across three countries. At the center of attention is Bavarsis Exchange, a rising contender in the global exchange market, which has been garnering significant interest from industry leaders.Mitchell’s recent meeting with Bybit’s CFO has sparked discussions regarding Bavarsis Exchange’s strategic future.As Bavarsis progresses, it continues to improve its offerings, demonstrating steady advancement. Originating as an arbitrage firm, Bavarsis made its foray into the market with the launch of Bavarsis Exchange. In 2023, it took a proactive step by offering a deposit package for partners, enabling investors to benefit as the firm enhances its asset management. A significant aspect of this growth is its “Lancelot” project—trading bots that have consistently delivered profits to partners.As the crypto sector grows and Bavarsis establishes its presence, the ongoing developments suggest an evolving and potentially shifting [email protected]+61 451 602 190This article was originally published on Chainwire More

Brandt warned that Ethereum could rise rapidly with increasing whale demand, drawing attention to the bear trap in ETH/BTC. After the Dencun update, which was met with great expectations, Ethereum fell below $3,500. Ethereum, which started to underperform Bitcoin, thus recorded its lowest level against BTC since April 2021. However, Peter Brandt claimed that the current outlook in Ethereum could be a “bear trap”.Peter Brandt, in his latest post shared on platform X, claimed that the Ethereum price could continue its journey by forming a “bear trap,” following his comments about Ethereum being an insignificant currency and a Bitcoin copycat. Despite his view of Ethereum being valueless, Brandt also added that the largest altcoin would always see demand.Ethereum accelerated its trend that began in October, fueled by expectations of the Dencun update and potential spot ETF approval in the first quarter of the year. However, by March, the cryptocurrency started retreating after the Dencun update and amid increasing rumors that the spot ETF wouldn’t be approved, ultimately falling back to the $3,000 mark. Additionally, Ethereum reached its lowest level against Bitcoin in nearly three years and witnessed a decline in its dominance rate. This is attributed to Solana’s rapid rise and increasing market share, alongside the Bitcoin network’s halving event.Commenting on Ethereum, Peter Brandt added that there are enough large whales invested in the cryptocurrency, making it difficult for the price to fall significantly. Blockchain data seemingly supports Brandt’s remarks, indicating a rise in whale activity on the Ethereum network following the ETH/BTC’s drop to record lows.After halting its downward momentum around the $3,200 zone last week, Ethereum carried its positive weekend trend into the new week.On the first day of the week, the cryptocurrency rose rapidly alongside the broader market, reaching a value of $3,650 by the time US trading hours began, reflecting an increase of over 5%. This zone also coincides with the resistance level observed since the week of March 18th. More

NexeraID, a leading blockchain-based digital identity solutions, proudly announces joining the International Association for Trusted Blockchain Applications (INATBA). This membership reinforces NexeraID’s commitment to contributing to the global dialogue on blockchain innovation, with a special focus on digital identity through participation in the Identity Working Group.Driving innovation in digital identityNexeraID’s involvement with INATBA, particularly within the Identity Working Group, illustrates its dedication to innovate for a secure and privacy-preserving digital identity. This group facilitates a vital exchange of ideas, best practices, and knowledge, uniting the digital identity and blockchain communities, researchers, governments, and international institutions.‍Collaboration for global impactBy aligning with INATBA, NexeraID is set to collaborate with a network of global leaders and experts, aiming to shape the future of blockchain applications. This partnership will leverage NexeraID’s expertise in blockchain solutions to influence policies, standards, and practices that promote trust, privacy, and innovation across various sectors.‍Commitment to standards and practicesAs a member of INATBA, NexeraID commits to adhering to and promoting the highest standards of ethical conduct, regulatory compliance, and technological excellence. This collaboration is aligned with NexeraID’s vision of creating a more secure, transparent, and inclusive digital world.A call to action for industry leadersNexeraID’s membership with INATBA represents an open invitation to other industry leaders to join the conversation and collaborative efforts in shaping a responsible and innovative blockchain ecosystem. Together, we can drive the adoption of blockchain technology in a way that respects privacy, ensures security, and facilitates inclusivity.The partnership between NexeraID and INATBA is setting the stage for a future where blockchain technology redefines the essence of digital identity. This alliance not only illustrates NexeraID’s commitment to improving blockchain applications but is also an invitation for all stakeholders across industries to join in shaping a digital future that is accessible, transparent, and secure for all.About NexeraIDNexeraID is developing blockchain-based digital identity solutions that ensure privacy, security, and compliance with global regulations. With a focus on innovation and collaboration, NexeraID is committed to empowering individuals and organizations with the tools they need to navigate the digital world securely and confidently.‍About INATBAThe International Association for Trusted Blockchain Applications (INATBA) offers a global platform for blockchain technology advocates, developers, and practitioners to interact with regulators and policy makers. Its mission is to bring together diverse stakeholders to promote dialogue, collaboration, and action that will lead to the adoption and implementation of blockchain in various sectors worldwide.ContactHead of MarketingVanessa [email protected] article was originally published on Chainwire More

The firm reiterated its Buy rating on the stock and raised its price target to $1875 from $990. MSTR stock was trading at $1608 in Monday’s premarket session, up 11.74%.“We view MSTR, a levered play on bitcoin, as particularly well positioned to benefit from an upcoming catalyst: the fourth bitcoin halving,” said the analysts in a research note.MicroStrategy’s new price target is based on the firm’s expectation that Bitcoin will reach $150,000 by the end of 2025. Historically, Bitcoin halving events (2012, 2016, 2020) have been followed by an “explosive appreciation” in price after each event.Benchmark’s previous target for MSTR was based on the assumption that BTC would touch $125,000 by year-end 2025, but since BTC has rallied by around 27% since then, the analysts have revised their target upwards.The demand from new spot Bitcoin ETFs will also increase the impact of the halving event, according to the analysts.Further, MicroStrategy is expected to continue with its aggressive buying of Bitcoin. The company has increased its holdings in the cryptocurrency for 15 consecutive quarters, and will likely use its proceeds from capital markets transactions and excess cash generated through the enterprise software business to increase its holdings to 298,246 Bitcoins by YE2025.The fact that MSTR shares are trading at an implied premium to its NAV is justified according to Benchmark analysts by the company’s “demonstrated ability to tap the capital markets at very attractive interest rates…and then use the proceeds to purchase more bitcoins.” More

The bullish outlook also comes despite Ripple’s ongoing legal tussle with the Securities and Exchange Commission (SEC) over its XRP sales.Garlinghouse’s optimism is partly fueled by broader industry trends, such as the successful launch of Bitcoin ETFs and the increasing institutional money flowing into the market for the first time. Ripple announced last week its plan to launch its own dollar-pegged stablecoin within the year as it seeks to bridge various cryptocurrencies across the XRP ledger and the Ethereum blockchain. The crypto market’s surge has been monumental, with the collective value of major players like Bitcoin, Ethereum, XRP, Solana, and Dogecoin nearly doubling to approach the $3 trillion mark. This surge comes amidst trader speculation over Chinese asset managers’ interest in crypto ETFs and the anticipated supply squeeze resulting from the Bitcoin halving.Bitcoin had already been setting new records, and specific segments of the cryptocurrency world, like meme coins and AI-themed tokens, had seen extraordinary profits. However, XRP had been conspicuously missing from the rally. Despite trailing behind the broader cryptocurrency market’s explosive growth over the last year, Ripple’s XRP has managed to notch a 20% increase.The ongoing SEC lawsuit against Ripple, seeking a reported $2 billion fine over its XRP sales, casts a shadow over the company’s ambitious projections. However, Garlinghouse remains confident, hinting at a settlement in the millions as he believes in the U.S. moving towards a more crypto-friendly regulatory framework. More