Cryptocurrency

Along with their core rollup infrastructure, Caldera offers a catalog of over 50 integrations across the modular stack and an assortment of other custom user-facing tools for chains to leverage. Guardian Nodes are the latest addition to that list.This incentive structure fosters decentralization by encouraging individual stakers to operate honest validators, while punishing those who don’t, making for an extremely high cost to attack a network and compromise its security.Caldera’s Guardian Nodes allow teams to decentralize their rollups by enabling users to verify blocks and secure the network in exchange for rewards. Under the hood, this is accomplished by introducing a novel “light verifier” to Arbitrum rollups that allows Guardian Node operators to verify Nitro batches on everyday hardware without needing to run a full node.Teams can launch Guardian Nodes to their users through a “Node Sale”, which distributes “keys” that authenticate a node’s eligibility to submit claims and earn rewards, granting purchasers the ability to operate a Guardian Node on a given rollup.HYCHAIN, the first team to leverage this system, raised over $8m across 16,000+ node keys in just 2 weeks, completely supercharging their community while generating significant revenue for their project.By enabling more parties to watch over a rollup and identify malicious behavior, the network’s security grows more robust— a crucial step to establishing trust in the chain’s correctness. This in turn generates more demand for a rollup’s native token, which is required for users to participate in validation and helps provide practical cryptoeconomic security for the network.Guardians Nodes are another notch in the belt of Caldera’s impressive infrastructure solution. With the success of HYCHAIN’s launch, we expect more teams building rollups to leverage this innovative product in the coming months.To get started with a high performance rollup, visit Caldera’s website here and/or book a call here.ContactGrowthAlex GuCalderaalex@caldera.xyz4844329611This article was originally published on Chainwire More

Iconic Italian football club Juventus has announced a partnership with Instant Casino, a crypto online casino, will be its new regional betting partner in Europe. The agreement has been described as a major win for both Juventus fans and Instant Casino players, promising a wide range of entertainment opportunities and exclusive rewards. Chief Commercial Officer of Juventus Tiziana Di Gioia echoed this optimism while speaking on the new partnership: “We are delighted to welcome Instant Casino to the Juventus family. This partnership represents an exciting chapter for both our club and our fans. Instant Casino shares our commitment to excellence and innovation, and we are confident that together, we will create unforgettable experiences for our supporters.” Despite being a relatively new brand, Instant Casino has quickly made a name for itself in the online gambling market, thanks to its instant payouts. The partnership with Juventus aims to increase its brand visibility to a whole other level, making Instant Casino one of the most discussed new players into the iGaming industry. As per the deal, the Instant Casino brand will become an integral part of the Juventus ecosystem. For instance, the LED system at Allianz (ETR:ALVG) Stadium will prominently feature the Instant Casino logo, accompanied by a range of exciting promotions. “We are honoured and excited to partner with the iconic Italian club Juventus”, said Greg Turner, the head of PR at Instant Casino. “We are looking forward to starting to work with Juventus, which has a rich history and has won countless trophies both domestically and in Europe. At Instant Casino, we will continue to disrupt the market with our simplified casino and sportsbook products, while also offering our players the fastest experience in the business”On the Juventus side of things, in addition to the sponsorship involved, the football club is set to receive a massive boost in fan engagement. Instant Casino will offer special odds and contests for betting enthusiasts during Juventus games. Moreover, the platform will offer opportunities for fans to win official jerseys and tickets to Juventus games. A recent Variety Intelligence report found that betting on a sport made a considerable difference in consumer engagement and viewership. The same report revealed how an increasingly higher number of football fans are getting interested in sports wagering, with this percentage being 37% in 2022. The report highlights that teams saw a significant increase in the number of fans as a result of sports betting.Tech blog Techopedia ranks it one of the best online casinos in Norway (source).Being an instant withdrawal casino, the platform continues to attract new players while boasting impressive customer retention. Instant Casino is quickly separating itself from its competitors, thanks to attractive cashback bonuses, fast cashouts and higher bet limits. The top casino takes pride in providing a tailor-made experience for all players, accepting both fiat and crypto payments. Being a global brand, it has also made provisions for localized payments. About Instant CasinoInstant Casino provides a wide range of games, sportsbooks and megaways, with regular new launches as well. Players can find big money-making opportunities while enjoying any game of their choice. Website: Instant CasinoX: https://twitter.com/_InstantCasinoTelegram: https://t.me/Instant_CasinoContactInstant Casino Teamcontact@instantcasino.comThis article was originally published on Chainwire More

Saylor still expects Bitcoin to beat Ethereum and all other rivals on the market, according to his tweet.The Godzilla image has a BTC mascot in the bottom right corner as if hinting at the immense power of Bitcoin that its followers believe in and the future impact on the market they expect to see.Mow believed that the odds of spot Ethereum ETFs getting approved had been always 50/50. He reckons that the only real reason that stands behind the approval is that the SEC had pushed themselves into a corner, so they “had no choice but to let it through.”Mow reminded that, for him, ETF approval “does not change the bearish outlook for Ethereum at all.” Earlier this week, Mow tweeted that now is the last chance to sell ETH above 0.05 BTC.On Thursday, the second-largest cryptocurrency, Ethereum, responded to the ETF news with an almost 5% increase, surging to the $3.937 level. However, a rebound followed, taking Ethereum down by 6.86%. At the time of this writing, ETH is changing hands at $3,664 per coin.This article was originally published on U.Today More

While Bitcoin was still sitting on some gains for the week, it was back within a $60,000 to $70,000 trading range seen for over two months. It also trimmed a bulk of its weekly gains on Thursday and Friday.Bitcoin fell 3.6% in the past 24 hours to $67,486.0 by 08:12 ET (12:12 GMT).World no.2 token Ether dipped 5.1% to $3,718.70 amid some profit-taking.But the token was trading up 22% over the past seven days, buoyed chiefly by the Securities and Exchange Commission’s approval of applications from several major exchanges to list a spot Ether ETF.The SEC approval applications from the Nasdaq, CBOE and the NYSE to list ETFs that will directly track the price of Ether. The step marked some progress towards the eventual approval of a spot ETF for trade, although the SEC has to now engage with applications from fund managers to list a spot ETF. Applicants include VanEck, ARK Investment Management and seven other issuers. Rumblings of the SEC’s approval had boosted Ether prices through the week, with the actual event sparking fleeting gains in the token.But fears of high for longer U.S. interest rates were a key point of pressure on crypto markets, especially as hawkish signals from the Federal Reserve showed increasing anxiety amid policymakers over sticky inflation.A slew of Fed members said that inflation was likely to take longer to reach the central bank’s 2% annual target, while the minutes of the bank’s late-April meeting showed some policymakers were even open to raising interest rates further. This saw traders largely price out expectations for any rate cuts this year. Traders were seen pricing in a nearly equal probability of rate cut or a hold in September, at around 46%, according to the CME Fedwatch tool. High for longer rates bode poorly for crypto, given that the sector usually thrives in low-rate, high-liquidity markets. Most token prices fell on this notion, with a rebound in the dollar also pressuring markets.Solana fell 4.7% while XRP rose 0.9%. Meme tokens Investing.com Shiba Inu Index and DOGE/USD dropped 5.7% and 3.7%, respectively.The approval of ether spot ETFs likely opens the door for the next chapter of crypto ETFs, Standard Chartered (OTC:SCBFF) analysts said.”For other coins markets will look ahead to their eventual ETF status as well, albeit this is likely a 2025 story not a 2024 one,” Standard Chartered told The Block.The bank’s analysts believe the green light for ether ETFs points to a notable shift in US regulators’ stance. Specifically, it suggests that ETH is not classified as a security by the SEC, thereby implying that other ETH-like coins, which were previously under scrutiny in cases such as the 2023 XRP case, may also not be considered securities.”In several cases the core technology is so similar to ETH it would be difficult for the SEC to claim they were securities given the ETH position,” analysts said. “The crypto industry now seems to have political backing on both sides of the aisle.”They view the latest support for crypto in the US as a “true watershed moment.” As such, analysts think that the next question is not whether but when the market will witness more regulatory changes. More

In a major development for the cryptocurrency industry, the SEC approved the first-ever Ethereum ETF today. This decision is seen by many as a potential turning point, ushering in a new bull cycle for crypto. With Ethereum paving the way for regulatory acceptance, all eyes are now on other leading projects like Solana.SolanaVM created L2’s innovative solution that allows Ethereum dApps to leverage Solana’s lightning-fast speed and minimal fees. This can play a huge role in the coming bull run, as it might significantly boost the whole Solana ecosystem and the activity of developers in Web3.SolanaVM recently commenced the presale of its native token, $SVM, raising over $400,000 within the first day. The presale is structured in multiple rounds with progressively increasing prices. The token launch is scheduled for Q3, with 15% of the total token supply allocated for the presale.SolanaVM acts as a bridge, allowing developers to seamlessly move their existing Ethereum applications to Solana. This unlocks the immense potential of Solana’s architecture, which boasts:SolanaVM isn’t just about speed and cost savings. It’s a win-win situation for both developers and users:SolanaVM is more than just a bridge – it’s a leap forward in DeFi technology. By leveraging the power of Solana, it has the potential to revolutionize interactions with decentralized applications. Further updates can be tracked on SolanaVM official Twitter: https://twitter.com/solanaVM To join the DeFi revolution, SolanaVM’s team invites users to visit SolanaVM’s website at solanavm.xyz to become part of the future.ContactMark Walshcontact@solanavm.xyzThis article was originally published on Chainwire More

The move potentially allows these products to start trading later this year. While the ETF issuers still need final approval before launching, Thursday’s decision marked an unexpected victory for these firms and the cryptocurrency industry, which, until Monday, had anticipated the SEC would reject the filings.In their comments on the development, TD Cowen analysts said they were “surprised at the timing, but not the outcome.”“Approval has been inevitable for a few years. We do see this as clearing the way for more crypto ETFs though it does not represent a change in the SEC’s approach to crypto. We still expect it will pursue litigation against tokens and trading platforms,” they added.TD Cowen notes that the SEC’s approval came about six months earlier than expected. The broker had anticipated the agency would wait a full year after the Bitcoin ETF launch before considering Ether ETF applications and could delay any litigation until early 2025.However, the approval became inevitable after the SEC sanctioned crypto futures ETFs and subsequently the Bitcoin (BitfinexUSD) ETF earlier this year, making a legal challenge unlikely.VanEck, BlackRock (NYSE:BLK), Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise are among the first batch of firms that secured the approval. They had to agree that Ether held in the ETFs would not be used for staking.The next step is for the S-1 filings to be approved, which may take several weeks or longer, said TD Cowen’s team.“That said, we do not see this as an insurmountable obstacle,” analysts wrote.“Our view is that ETFs which reflect a basket of tokens will also be approved within a year though we will be watching if the initial baskets are just Ether and Bitcoin or if they include other tokens,” they added. More

PlayFi, an AI-powered data network and blockchain tailored for the gaming industry, today announced its plan to conduct an exclusive node license presale on Polygon PoS Network. This sale deployment on the Polygon network marks PlayFi’s entrance into the market, showcasing its commitment to integrating blockchain technology into the traditional gaming world. As part of the presale, users on the Polygon PoS network will gain exclusive access to tier one pricing of PlayFi’s innovative modular nodes license, ahead of the tiered public sale coming later this summer. Node license holders will be eligible for rewards for helping run the PlayFi network by ingesting, validating and storing data from AAA and indie games in web2 and web3.PlayFi will continue its synergy with the Polygon community by becoming the first zkSync hyperchain to join the AggLayer, creating innovation with cross-chain interactions for game builders and players.The Technology Powering the Vision of PlayFiPlayFi aims to revolutionize the gaming landscape by seamlessly integrating blockchain into gaming. Aimed at gaming enthusiasts, node runners, developers, and game studios, PlayFi facilitates a rich, web3-enhanced gaming experience without compromising the core gameplay of the world’s most popular games. PlayFi enables features such as amateur esports, peer-to-peer competitions, and advanced marketplaces, scaling to meet the demands of over three billion gamers globally. It does this through two core components:Additional information on PlayFi and the node license presale can be found here. Users can follow PlayFi on X or visit PlayFi.ai for future updates.About PlayFiPlayFi is redefining gaming by integrating blockchain technology to enhance gameplay and community engagement. Through its cutting-edge PlayChain technology and AI-powered PlayBase network, PlayFi ensures a fast, secure, and scalable zkEVM blockchain solution, as well as optimal data processing and analysis tailored for the gaming industry. With a commitment to enhancing the gaming experience with web3, PlayFi is empowering developers, players, and studios across the globe to push the boundaries of innovation in an ever-evolving digital landscape and setting new standards in how games are played, developed, and monetized. For more information, visit playfi.ai.ContactSenior PR ManagerLeslie TermuhlenSerotoninleslie@serotonin.coThis article was originally published on Chainwire More

This article was originally published on U.Today More