Cryptocurrency

clisBNB, developed by Lista DAO, is an innovative tool that offers BNB holders greater flexibility and control over their assets. Now available through BNB.xyz, a one-stop on-chain platform for BNB, primarily designed to bridge the gap between CeFi and DeFi. clisBNB offers BNB holders a new way to access Binance launchpool and Lista DAO CDP.What is BNB.xyz?With BNB Chain, ListaDAO, and Pancakeswap as core contributors, BNB.XYZ is a one-stop staking platform on the BNB chain, bridging the gap between DeFi and CeFi. The platform offers users competitive APRs, enhanced security, and exclusive features like strategic APY comparisons, Binance Launchpool reminders, and potential integrations with major platforms like Binance.com.What is clisBNB?clisBNB is a certificate token issued when users deposit BNB into a Collateralized Debt Position (CDP) on ListaDAO. Each clisBNB is pegged 1:1 to the amount of BNB deposited, maintaining a clear link between the token and the staked BNB. This innovative solution allows users to retain control of their BNB collateral while accessing a wide range of DeFi opportunities.What Can clisBNB Do?The primary function of clisBNB is to allow users to borrow lisUSD against their BNB collateral on ListaDAO, and still be able to participate in Binance launchpool using clisBNB. Users who hold clisBNB in their Binance Web3 MPC wallet can leverage their BNB to join exclusive token launch events, earning new tokens without having to close their debt positions on Lista DAO.This powerful combination of borrowing and participation in Binance Launchpool gives users more utility and flexibility with their BNB holdings, all through one seamless product.Key Features of clisBNB:clisBNB comes with several features that distinguishes it from other tokens, providing users with focused utility while maintaining control over their assets:1. 1:1 Ratio with BNBWhen users deposit BNB into a CDP on Lista DAO, they are issued clisBNB at a 1:1 ratio. This direct relationship ensures that for every BNB deposited, one clisBNB is created, maintaining a seamless link between the deposit and the certificate.2. Non-transferable TokenOne important feature of clisBNB is that it is non-transferable. Once issued, clisBNB cannot be moved between wallets or users. It is solely linked to the user’s BNB deposit and exists only within the context of the Lista DAO platform, ensuring its security and focused usage.3. Automatic burn upon withdrawalclisBNB is automatically burnt or destroyed when users withdraw their BNB or the corresponding slisBNB from Lista DAO’s CDP. This mechanism ensures that clisBNB always accurately represents the amount of BNB in the user’s position. Once the underlying BNB is withdrawn, the associated clisBNB is removed from the system to prevent any mismatches in value.4. Minting clisBNB to Another AddressclisBNB offers users a unique feature: When depositing BNB into a CDP, they have the option to mint clisBNB to another address. However, once this address has been chosen and the clisBNB has been sent over, it will no longer be transferable to any other wallet. Having this function enables greater flexibility, especially for users who may want to delegate certain actions related to another wallet, such as the accumulation of stardust points.However, this flexibility comes with some key restrictions:Accessing clisBNB is a straightforward process. Users can visit ListaDAO’s deposit page, where they can deposit their BNB into a Collateralized Debt Position (CDP), and automatically receive clisBNB in return. From there, clisBNB can be used to participate in Binance Launchpool events via the Binance Web3 MPC wallet.To ensure participation in Binance Launchpool events, it’s important that users utilize the Binance Web3 MPC wallet, which supports smooth interaction between the staked BNB and launch events.clisBNB: Unlocking BNB LiquidityclisBNB offers BNB holders a powerful new way to unlock liquidity, borrow lisUSD, and participate in Binance Launchpool events without losing access to their collateral. By enhancing the utility and flexibility of staked BNB, clisBNB represents a significant advancement in DeFi solutions for BNB users.With the introduction of clisBNB, BNB holders now have a seamless tool for managing collateral, participating in Binance launchpools and accessing DeFi opportunities, all within a simple and secure process.About BNB XYZBNB XYZ is a One-Stop on Chain Staking Platform for BNB, designed to bridge the gap between BNB CeFi and DeFi. It offers seamless staking solutions and optimizes the utility of both CeFi BNB and DeFi BNB, making it the go-to resource for all BNB users to maximize their potential earnings. Core contributors of BNB XYZ include PancakeSwap, Lista DAO, and BNB Chain.Website: https://BNB.xyzX (Twitter): https://x.com/BNBxyzCore contributors: PancakeSwap, Lista DAO, BNB chainContactMarketing teamBNB.xyzmarketing@bnb.xyzThis article was originally published on Chainwire More

Sui is the first Move language-based blockchain with native USDCSui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and Circle, the issuer of USDC, today announced that native USDC is live on the Sui Network. With this integration, users of Sui will have direct access to one of the most widely used stablecoins as a native asset on the network, removing the added complexities and risks caused by bridged assets. With the launch of native USDC on Sui, users can now enjoy enhanced liquidity and security through direct on-chain representation, eliminating the need to bridge USDC and use external bridges. This transition reduces the risks associated with canonical, or lock-and-mint bridges, offering a more secure experience for asset transfers. Additionally, the upcoming integration of Cross-Chain Transfer Protocol (CCTP) will enable seamless movement of USDC across supported blockchains, allowing users to transfer assets swiftly and securely between networks, including Sui. The development opens up significant opportunities for decentralized finance (DeFi) applications on the Sui Network, as protocols can now leverage native USDC to offer improved liquidity, reduced friction, and enhanced user experiences.ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

A risk-off sentiment in broader financial markets, especially stocks, also spilled over into crypto, driving down prices across the board. Anticipation of more signals from the Federal Reserve and key inflation data this week kept traders on edge. Bitcoin fell 0.6% to $62,564.0 by 09:00 ET (13:00 GMT). Strength in the dollar weighed on crypto markets, as the greenback remained in sight of recent seven-week peaks.The dollar surged after nonfarm payrolls data released last week showed the U.S. labor market remained strong, potentially eliciting a slower pace of rate cuts from the Fed. Traders were seen pricing in an 81% chance for a 25 basis point cut in November, and a 19% chance for no changes to rates, CME Fedwatch showed. Traders were also seen positioning for a higher terminal rate.A slower pace of rate cuts means that U.S. rates will stay high for longer, which bodes poorly for speculative assets such as crypto. Focus this week was on more cues on U.S. interest rates. The minutes of the Fed’s September meeting are due on Wednesday.The central bank had cut rates by 50 bps and marked the beginning of an easing cycle, although it still signaled future rate cuts will be dependent on data. To that end, consumer price index inflation data is due on Thursday and is likely to factor into the outlook for interest rates.A slew of Fed officials are also set to speak in the coming days. Among broader crypto prices, most altcoins fell tracking Bitcoin, while also reversing course from a weekend rebound. World no.2 crypto Ether fell 1.5% to $2,427.7, while SOL, XRP and ADA lost between 1.5% and 2.1%. MATIC fell 2%, while among meme tokens, DOGE lost around 3.5%.Still, crypto markets marked some gains in recent sessions, especially amid increased bets on a Donald Trump victory in the 2024 presidential elections. Crypto betting platform Polymarket showed Trump leading Vice President Kamala Harris 53% to 46.2%.Trump has maintained a pro-crypto stance, while Harris is expected to continue a regulatory crackdown against crypto. Strong U.S. jobs data and positive developments in the FTX creditor repayment process are keeping a bullish outlook for Bitcoin in Q4, despite the recent market downturn amid Middle East tensions, analysts at K33 said in a note.Nearly two years after FTX’s collapse, the U.S. Bankruptcy Court for the District of Delaware approved the exchange’s reorganization plan in a Monday hearing, moving creditor repayments closer. K33 analysts expect payouts to begin later this quarter or early Q1 2025, within a 60-day window of the court’s effective date, anticipated for mid-November.“Debtors will have 60 days to repay individual customers with claims under $50,000, representing approximately $1.2 billion worth of assets. Larger creditors (entitlement class) are expected to receive their $9 billion payouts in February 2025,” they noted.The analysts also discussed how much of the repayments could reenter the market, particularly since crypto assets have already been converted to fiat. Of the $14.4 billion to $16.3 billion in claims, they estimate $3.9 billion is held by credit funds, unlikely to impact the market. Around 33% of the remaining claims are held by sanctioned countries, insiders, and those without KYC verification who cannot claim.They project around 20% to 40% of the remaining $8 billion could be deposited back into crypto markets, or about $2.4 billion. However, this would likely happen “in multiple waves throughout the next year,” with only a soft impact on the market.Ambar Warrick contributed to this report.  More

As Malaysia strides forward to become Southeast Asia’s digital gaming powerhouse, the strategic partnership between Malaysia Digital Economy Corporation (MDEC) and EMERGE Group has solidified the nation’s vision of pioneering Web3 gaming. Among the key players recognized during this announcement is CARV, a leading force in data empowerment and blockchain gaming innovation.The partnership, unveiled at the IOV2055 Symposium, Grand Hyatt, on October 3, 2024, is set to transform Malaysia into a prominent Web3 gaming hub, with CARV playing a crucial role in this movement. This collaboration aims to advance the growth and adoption of blockchain gaming technologies, creating an ecosystem that fosters creativity, innovation, and economic growth. CARV, known for its data ownership and monetization solutions, will contribute its expertise to ensure the region’s gaming landscape evolves with cutting-edge Web3 capabilities.CARV’s Role in Propelling Malaysia’s Blockchain Gaming EcosystemPresented by Datuk Fadzli Abdul Wahit, Head/Senior Vice President Digital Transformation of MDEC, CARV’s inclusion in the inaugural Malaysia Web3 Gaming Council is a significant step forward for the company as it continues to expand its influence within the global gaming industry. By partnering with MDEC, CARV gains an opportunity to further its mission of revolutionizing data ownership in gaming through blockchain technology. The council, made up of industry leaders such as Avocado DAO, TZ APAC, and others, will work collaboratively to develop strategies that place Malaysia at the forefront of Web3 gaming in ASEAN.For CARV Labs, this partnership represents a strategic alignment with Malaysia’s long-term goals in digital innovation. By supporting MDEC’s vision, CARV will be integral in fostering collaboration between Web2 and Web3 ecosystems, leveraging its advanced technology to drive the digital transformation of gaming in the region.As CARV continues to push boundaries in data ownership, its involvement in this initiative demonstrates the company’s commitment to creating meaningful impact. Through this collaboration with MDEC and other leading players, CARV is set to leave a lasting imprint on Malaysia’s digital landscape and the broader Southeast Asian gaming market.This partnership marks the beginning of an exciting era where CARV, alongside MDEC and EMERGE Group, will help drive the growth of blockchain gaming in Malaysia, furthering its mission to empower gamers and revolutionize the future of gaming data.About CARVCARV is building the largest modular Identity and Data Layer (IDL) for gaming, AI, and beyond, integrating over 900 games and AI companies, representing more than 30% of all Web3 games, and serving 9.5M+ registered players with 1.3M+ daily active users and 2.8M unique on-chain CARV ID holders. Ranking among the top three globally with 2.1M+ average daily unique active wallets across 40+ chains, CARV has raised $50M in total funding from top-tier investors like Tribe Capital, Temasek Vertex (NASDAQ:VRTX), HashKey Capital, Animoca Brands, and ConsenSys, along with major gaming studios and ecosystems such as MARBLEX (Netmarble) and the Sandbox. The team comprises industry veterans from Coinbase (NASDAQ:COIN), Binance, Google (NASDAQ:GOOGL), and Electronic Arts (NASDAQ:EA), all dedicated to revolutionizing data usage in gaming, AI, and beyond.About MDECThe Malaysia Digital Economy Corporation (MDEC) was established in 1996 to spearhead the country’s digital economy.MDEC launched Malaysia Digital (MD), a national strategic initiative aimed at addressing current key challenges in the digital landscape for a robust and agile digital economy.As an agency under the Ministry of Digital, MDEC drives the digital economy through industry development, trade facilitation and policy advocacy.Please visit our website at www.mdec.myAbout EMERGE GroupHeadquartered in Singapore, EMERGE Group focuses on developing viable and profitable commercialisation options for content creators, Intellectual Property rights holders, Advertising Inventories and brands in the Southeast Asia region. With an established network of top esports teams and gaming influencers under its flag, EMERGE Group has also worked with multiple endemic and non-endemic brands to fulfill their business objectives.For more information, please visit: https://linktr.ee/emergegroup ContactVictor Yuvito@carv.ioContactCOOVictor Yuvito@carv.ioThis article was originally published on Chainwire More

Bitcoin has been distinctly listless in the past three months after starting the year with a bang. The crypto leader has largely shuttled between $56,000 and $63,000 so far in the second half of the year – a contrast to the first six months when it jumped 45%, propelled by the launch of U.S. exchange-traded funds (ETFs) tracking its spot price.Market players are now eyeing possible new crypto catalysts heading into year-end and early 2025, beyond broader market-moving events such as shifts in U.S. interest rates and the American presidential election.Jake Ostrovskis, trader at UK-based crypto firm Wintermute, is anticipating the upcoming launch of options on BlackRock (NYSE:BLK)’s spot bitcoin ETF, a new product he believes could attract more U.S. retail money after its approval by the Securities and Exchange Commission last month. Because regulators view bitcoin as a commodity, though, such options may also need the green light from the Commodity Futures Trading Commission, which oversees commodity derivatives, said Youwei Yang, chief economist at BIT Mining.”If successful … (ETF options) could increase bitcoin’s market sophistication and volatility, driving greater institutional and retail engagement,” Yang added.It’s been quite a run for crypto as the anticipation and approval of U.S. ETFs helped drive bitcoin activity globally. The total size of the cryptocurrency market has ballooned to $2.2 trillion as of Oct. 1 this year, from $8.3 billion at the start of 2023, according to CoinGecko data.”We’ve observed a significant increase in institutional on-boarding and trading activity,” this year said Ostrovskis, adding there was a strong demand for platforms and services for digital assets that resemble traditional financial structures. Notoriously wild bitcoin’s 90-day volatility has fallen to 42% this year from 67% in mid-2020, according to Deutsche Bank data. Market watchers cautioned that bitcoin still showed a strong correlation to other cryptocurrencies and was likely to be among the first assets dumped by investors retreating from uncertainty and risk; bitcoin slumped 5% on a new spike in hostilities in the Middle East last week, for example.BIGGEST CRYPTO COUNTRIES?Chainalysis’ Global Adoption index, which tracks crypto use in 151 countries with measures including trading and payments, surpassed the 2021 crypto bull market between the fourth quarter of 2023 and the first quarter of 2024. Crypto adoption is particularly strong in lower-income countries which often have less developed and accessible mainstream financial systems, the report showed. India took top spot, followed by Nigeria in Chainalysis’ rankings, while seven of the other top 20 countries were Asian emerging markets including Indonesia, Vietnam and the Philippines. Crypto fans often point to uses in countries with high inflation and rapid currency depreciation – such as Turkey and Argentina – as evidence of digital money’s real world use. Chainalysis also noted a significant increase in decentralized finance (DeFi) and stablecoin activity in Sub-Saharan Africa, Latin America, and Eastern Europe.”The value proposition for bitcoin and stablecoins in Latin America are intact,” said Mauricio Di Bartolomeo, co-founder of crypto loan provider Ledn. “Most of the emerging world wants to bank in dollars, but they don’t necessarily trust their banks.”The United States ranked fourth overall on the adoption ranking, while South Korea and China were 19th and 20th, respectively. In terms of crypto transaction volumes, the U.S. is the world’s biggest market followed by India, according to Deutsche Bank. More

This strategic partnership marks a significant step forward in enabling the mass adoption of XSGD across global markets, and sets a new benchmark for stable, efficient, and secure digital currency transactions. XSGD, backed 1:1 to the Singapore dollar (SGD) and fully backed by reserve assets, offers unparalleled transparency and stability for users in global markets. Unlocking Global Cross-Border Payment FlowsStablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems. With the listing of XSGD on Bitstamp, users can now seamlessly send and receive SGD-backed stablecoins across borders with confidence. This development addresses the demand for faster, more cost-effective global transactions, reducing the complexities of conventional financial systems. By offering greater financial inclusion and opening access to new markets, XSGD will drive digital asset adoption and accelerate innovation in cross-border payments. With enhanced liquidity on a global platform like Bitstamp, XSGD users can enjoy reduced transaction costs, faster settlement times, and access to competitive exchange rates for cross-border payments. This will drive greater financial inclusion and empower businesses to tap into new markets, creating a frictionless ecosystem for global commerce.XSGD will be available via Bitstamp globally, except in US and EU countries.About StraitsXStraitsX is the pioneering payments infrastructure for the digital assets space in Southeast Asia. StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore and offers personal and business account holders to mint and redeem StraitsX stablecoins, manage payments as well as connect their accounts to digital asset platforms. Business accounts can also access B2B API-enabled payment rails for digital asset platforms.About BitstampBitstamp is the world’s longest-standing cryptocurrency exchange, continuously providing safe and open access to crypto since 2011. With a proven track record and mature approach to the industry, Bitstamp provides a secure and transparent trading venue to over five million individuals and is the preferred choice for a range of institutional clients seeking a trusted partner to participate in crypto markets. Bitstamp is a sector leader in both security and compliance, with more than 50 licences and registrations secured with financial regulators across the globe. More info is available at https://www.bitstamp.net/ ContactsStraitsXstraitsx@wachsman.comThis article was originally published on Chainwire More

This article was originally published on U.Today More

Given recent trends, CryptoQuant analyst J.A Maartunn has shared an analysis that hinted at the potential rally of BTC moving forward.”Hash Rate is one of Bitcoin’s most fundamental metrics. It measures the amount of computing power being contributed to the Bitcoin network, expressed in TH/s. Currently, it sits at an impressive 683 million TH/s,” he said in a post on X.He also highlighted the sustained efforts of current Bitcoin miners to get in the game despite the challenges associated with mining the coin. This resolute pursuit of the remaining Bitcoin in circulation is one reason why he is bullish in the long term.Companies around the world are making many gestures in line with their trust in Bitcoin’s price trajectory. Metaplanet has once again topped its bag with over 100 BTC, the same amount it has done over the past few months.Besides direct acquisition, institutional buyers are also gaining exposure to BTC through spot Bitcoin ETF products in the U.S., the U.K. and Hong Kong, among other places.This article was originally published on U.Today More