Cryptocurrency

Omnichain tokenization protocol Holograph has announced a technical partnership with web3 cybersecurity specialist Halborn. The collaboration will see Halborn engaged to provide regular audits with a view to reinforce protocol security.The appointment of Halborn follows a recent incident in which a malicious attacker was able to mint HLG, the native Holograph token. Halborn has been commissioned to review the incident in order to strengthen the protocol’s security.Upon completion of the joint analysis, a full report will be released by Holograph detailing the incident and the measures that have been implemented to prevent a recurrence. At the same time, Holograph has confirmed that it will reach out to exchanges to resume HLG deposits so that trading can recommence.To further mitigate the effects of the incident, an HLG Burn Plan, developed with extensive community feedback, has commenced. The initiative will see HLG burned to restore the originally programmed supply of 10 billion HLG. Approximately 200 million HLG will be burned from the attacker’s frozen centralized exchange accounts, and another 800 million burned from the Holograph treasury and open market purchases. The first phase of the HLG Burn Plan has already been implemented, involving the burning of 53 million HLG. Holograph has committed to provide onchain proof of each burn as it occurs. The HLG Burn Plan will be implemented in tranches of varying sizes until a total of 1 billion HLG has been removed from the market. Moving forward, Holograph will collaborate with Halborn on all aspects of protocol security, and will utilize Halborn’s technical expertise to ensure that every component of its omnichain protocol is fully strengthened.About HalbornHalborn is an award-winning, elite cybersecurity company for blockchain organizations. It serves as a third-party partner to continuously assess organizations’ most vital assets, drive maximum value, and provide world-class cybersecurity consulting and execution every step of the way.Learn more: https://www.halborn.com/About HolographHolograph is an omnichain tokenization protocol, enabling asset issuers to mint natively composable omnichain tokens. Holograph has been used to mint millions of onchain assets, making it one of the most widely used protocols for cross-chain asset production and distribution.Learn more: https://www.holograph.xyz/ContactMarketAcross PRpr@marketacross.comThis article was originally published on Chainwire More

SynFutures, the leading DeFi derivatives protocol, today announced its plans to expand to Base, Coinbase’s L2 network. To mark this milestone, SynFutures is launching “Meme Perp Summer,” a six-week campaign blitz aimed at expanding its community asset listings and rewarding the meme communities driving organic traction on Base. With a total rewards pool of 100,000 USDC and future airdrop allocations, this campaign underscores Synfutures’ commitment to fostering the growth of emerging token projects.SynFutures will continue to support Blast while extending its reach, doubling down on its commitment to being the go-to destination for trading trending tokens, including memecoins and altcoins. V3 has already supported perp pairs for trending tokens like PAC, DEGEN, YES, WIF, and ESE on Blast, and is now bringing this strategy to Base.About SynFuturesSynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and onchain order book model.Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.For more information, users can visit SynFutures: Website | Twitter | WarpcastContactCMOMark LeeSynFuturesmark.lee@synfutures.comThis article was originally published on Chainwire More

According to Ki Young Ju, early Bitcoin miners, who were among the first to adopt and validate transactions on the Bitcoin network, have seen a significant return on their investment in 2024. The data indicates that these miners capitalized on the Bitcoin price surge this year while securing significant profits.Several Bitcoin wallets from the “Satoshi era,” which refers to the months when Bitcoin’s pseudonymous founder, Satoshi Nakamoto, was active on public forums from late 2009 to 2011, have been reactivated since the start of 2024.In May, an early Bitcoin miner wallet that had been dormant for 14 years transferred 2,000 BTC, which most likely went to an OTC desk or custodian, as the coins were transmitted to multiple other fresh addresses practically immediately.The $62,000 to $70,000 price range has proven to be particularly lucrative for these ancient Bitcoin miners. This range represents a period when Bitcoin reached near its current all-time highs, providing an ideal opportunity for miners to sell their accumulated Bitcoin at premium prices.Bitcoin has quadrupled in price since the start of 2023, reaching an all-time high of $73,798 in March, boosted by demand for specialized U.S. exchange-traded funds. The surge has recently eased, as has the pace of ETF inflows.Bitcoin plummeted along with the rest of the cryptocurrency market on Tuesday, reaching a low of $64,010, amid global economic concerns and lower summer liquidity.At the time of writing, the price of Bitcoin was down by 0.52% at $64,998, according to CoinMarketCap data, sliding below $65,000 for the first time since May 16.This article was originally published on U.Today More

This article was originally published on U.Today More

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 M.ApeBondpah.monkey@apeswap.financeThis article was originally published on Chainwire More

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

Debifi, one of the leading non-custodial Bitcoin-backed lending platform, has announced a dynamic growth roadmap during BTCPrague, widely recognized as Europe’s premier Bitcoin event, carries substantial weight. The association with such a reputable gathering further underscores the credibility of Debifi’s growth roadmap and their dedication to revolutionizing the lending industry. The roadmap includes the significant addition of fiat payments for their Bitcoin-backed loans, marking a major milestone in the company’s expansion plans.As a global lenders aggregator, Debifi is committed to providing institutional-grade liquidity while maintaining transparency and security. The platform allows any financial institution worldwide to become a lender and compete in the free market. In alignment with their commitment to transparency and community engagement, Debifi plans to release their Debifi App as Open Source this July, embracing the power of FOSS (Free and Open Source Software). This strategic move aims to foster community building and accelerate adoption by allowing individuals to verify the security of the platform’s code.Enhanced Security and PartnershipsDebifi has forged a significant partnership with Coinkite, a renowned provider of secure bitcoin wallets. This collaboration enables users to store their Debifi keys on Coinkite’s MK4 wallets, leveraging NFC technology for account signing and enhancing overall protection. Furthermore, Debifi has joined forces with ACEMA Credit Czech, a.s. the leading provider of secured fiat loans in Central Europe. This partnership aims to augment Debifi’s liquidity, enabling users to access fiat loans directly deposited into their bank accounts by the end of June. By integrating fiat payments into their offerings, Debifi is allowing individuals worldwide to leverage their Bitcoin holdings while retaining ownership.Market Landscape ImpactThe current financial climate is witnessing a growing demand for secure and transparent lending solutions, particularly those that bridge the gap between traditional finance and the burgeoning Bitcoin economy. Debifi’s introduction of fiat payments and their Open Source initiative are poised to set new standards in the market, fostering increased trust and adoption among users and financial institutions alike.Acema, impressed by Debifi’s innovative approach to securing collateral using Bitcoin, has pledged significant support by providing loan liquidity on the platform. Acema’s endorsement underscores the reliability and user-friendliness of Debifi’s solutions, further validating their commitment to security.Leadership InsightsMax Kei, CEO of Debifi, expressed excitement about the partnership with ACEMA, stating, “”Debifi aspires to seamlessly connect traditional banking with the growing Bitcoin economy. By enhancing our liquidity through this partnership, we empower individuals who depend on traditional banking to expand their economic opportunities using Bitcoin.”Credibility and Event SignificanceDebifi’s announcement at BTCPrague, widely recognized as Europe’s premier Bitcoin event, carries substantial weight. The association with such a reputable gathering further underscores the credibility of Debifi’s growth roadmap and their dedication to revolutionizing the lending industry.About DebifiDebifi is a leading non-custodial Bitcoin-backed lending platform that provides institutional-grade liquidity while prioritizing transparency, security, and user-friendliness. By embracing FOSS and collaborating with industry leaders, Debifi aims to bridge the gap between traditional banking and the new bitcoin economy.For more information, users can visit Debifi’s: Official Website | Twitter (X) | LinkedinFor press inquiries, users can contact:communications@debifi.comContactTony NakamotoDebificommunications@debifi.comThis article was originally published on Chainwire More

FSL, the gaming studio behind the acclaimed ‘Move and Earn’ app STEPN, has officially launched STEPN GO, a new social lifestyle app that integrates gaming and social features. Users can now participate in the Alpha Draw to potentially earn Sneaker NFTs, which are the gateway to earning the new GO GAME TOKEN (GGT) by walking, jogging, and running. STEPN GO is designed to provide an engaging and rewarding fitness experience. The app features easy onboarding with the Haus System, allowing users to lend their Sneakers to friends and family without any crypto knowledge required. Users can walk or run with their Sneakers to earn the new GO GAME TOKEN (GGT). The app will also introduce a PvP game feature where users can potentially earn GMT, the FSL Ecosystem token. Customizable avatars and outfits enable users to craft unique looks for their avatars and show them off on the in-app Interactive Map. Only those who win Sneakers in the Alpha Draw will be able to enter the Alpha Test. Additional opportunities to win Sneakers will be available through the STEPN GO’ers Program, STEPN GO Discord, and the STEPN GO X account. Moreover, a limited number of STEPN GO Sneakers will be available on the MOOAR platform, serving as a bonus prize for the MOOAR Box S2 rewards program.The STEPN GO Alpha Draw is officially live. Users can download STEPN GO now for the chance to win STEPN GO Sneakers and gain early access to STEPN GO and the Alpha Test.About STEPN GO: Building on the success of STEPN, the pioneering move-and-earn platform, STEPN GO revolutionizes social fitness in everyday life. Buy, borrow, or lend users’ Sneakers to earn rewards by staying active. Users’ rewards can be used to level up, cash out, or flex their online appearance, fostering both physical activity and social connections.To learn more about STEPN GO, users can read the whitepaper: STEPN GO Whitepaper. About STEPN:Since its debut in 2021, STEPN has become the leading ‘Move and Earn’ app with over 5.6 million users and 1 million Sneaker NFTs. It has partnered with major brands like ASICS, Steve Aoki, and adidas, and was the first blockchain gaming app to integrate Apple (NASDAQ:AAPL) Pay, simplifying the onboarding process for Web2 users.ContactMattina HiwaiziFSLmattina@fsl.comThis article was originally published on Chainwire More