Cryptocurrency

Multipool, a leading innovator in the blockchain and cryptocurrency industry announces a corporate partnership with Mobilum. The partnership between Multipool and Mobilum will enable users to onboard onto cryptocurrencies without involving a centralized exchange.The world of crypto is heavily focused on DeFi (decentralized finance), but the only access point for the majority of people is via a centralized exchange. Multipool & Mobilum aim to change that, by offering users a simple and easy way into the world of crypto. With Mobilum, people can come to Multipool, directly into the DeFi world without having to touch a centralized exchange.To learn more about Multipool and its features, users can visit:Website – www.multipool.financeTelegram – t.me/multipoolfiX – www.x.com/multipoolfiUsers can learn more about Multipool’s LBP live on Fjord Foundry now – Fjord Foundry $MUL LBPAbout MultipoolMultipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool – The DEX with CEX appeal.www.multipool.financeAbout Mobilum Technologies Inc.Mobilum is a financial technology company providing various payments and banking solutions to bridge the gap between traditional finance and Web 3 economy. Building all-in-one infrastructure to meet global payment needs in both Web 2 and Web 3. Mobilum develops innovative products for retail and institutional clients enabling them to transfer, manage and spend fiat currencies and as digital assets alike in a safe, convenient and compliant manner. Poland, Lithuania, Canada and the United States. For further information, users can visit www.mobilum.com.ContactPublic Relations ManagerAngie HermosaMultipoolpress@multipool.financeThis article was originally published on Chainwire More

Factoring in additional institutional investors not required to file, such as smaller managers and some investment advisors, the estimate for institutional ownership rises to roughly 20%. This leaves retail investor ownership at around 80%, indicating that most of the new spot bitcoin ETFs have been purchased by retail investors since their inception.Hedge funds represent the largest portion of institutional ownership, nearing 8%. Among the new spot bitcoin ETFs, Blackrock (NYSE:BLK)’s IBIT has distinguished itself for several reasons. Firstly, it has garnered the majority of inflows since its launch, becoming the main recipient of capital shifting away from the Grayscale bitcoin trust, which is known for its high fees. Secondly, IBIT is on the verge of overtaking the Grayscale bitcoin trust as the world’s largest bitcoin fund. Thirdly, it has become the most liquid spot bitcoin ETF in the market.Liquidity assessments of IBIT use two key metrics. The first is the Hui-Heubel ratio, which measures market breadth or the sensitivity of prices to volumes. A lower Hui-Heubel ratio indicates greater market breadth, and Blackrock’s ETF has a significantly lower ratio compared to Grayscale’s GBTC, by about three to four times, suggesting it exhibits substantially more market breadth. The second metric looks at the average deviation of ETF closing prices from the Net Asset Value (NAV). A low deviation implies high liquidity, and the Blackrock spot bitcoin ETF has shown a significantly lower ETF price deviation from NAV than both Grayscale’s GBTC and Fidelity’s FBTC in the most recent week, indicating higher liquidity.In conclusion, JPMorgan’s analysis suggests that Blackrock’s IBIT has already established itself as the most liquid spot bitcoin ETF, outshining Grayscale. This could potentially increase its appeal to both institutional and retail investors in the future.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

With the addition of the Mesh platform, Sui Wallet will achieve product parity with the world’s largest self-custody wallets, while Mesh now natively supports the SUI tokenSui, the pioneering Layer 1 blockchain that offers industry-leading performance and nearly infinite horizontal scaling, and Mesh, the leading embedded finance solution for crypto, today announced the integration of Mesh’s seamless digital asset transfer and account aggregation technology with Sui Wallet and all other wallets within the Sui ecosystem that adopt the tooling.With the integration of Mesh, Sui Wallet users can see their aggregated asset balances across hundreds of exchanges and wallet platforms, and transfer those assets with a one-click experience, all without ever needing to leave the Sui Wallet interface. This unique integration adds a new layer of interoperability, on-ramping, asset management, and token swapping directly within wallets native to the Sui Network as Sui’s tech stack continues to separate itself from other blockchains. The wallet tooling is expected to go live this year. In the build-up to the wallet integration, Mesh now supports the SUI token across all of its products, facilitating seamless digital asset transfers, payments, account aggregation, and trading of the token across more than 300 leading crypto wallets and exchanges. Founded in 2020, Mesh has rapidly established itself as a leader in embedded finance. The company recently partnered with major platforms like CoinDCX and MetaMask, and is trusted by PayPal (NASDAQ:PYPL) Ventures, who made a strategic investment in the start-up using their PYUSD stablecoin. “Mesh’s tooling gives wallet providers across the Sui ecosystem a massive technological advantage and it gives the Sui community a native wallet experience that’s unmatched on other blockchains,” said Greg Siourounis, Managing Director of the Sui Foundation. “Native wallets are fundamental to increasing access and driving the growth and adoption of any network, and Sui now has a clear edge in this regard.”This latest collaboration with Mesh continues a trend of Sui offering developers and users unique implementations of technologies that make adoption easier and make the blockchain accessible to mainstream users, both at the enterprise and retail levels. For example, zkLogin is on-chain authorization, unique to Sui, that enables users to authenticate with decentralized applications using the traditional OAuth providers like Google (NASDAQ:GOOGL) and Twitter that they have become accustomed to and removing the hurdle of managing wallet addresses and seed phrases. zkSend is an application exclusive to Sui that utilizes zkLogin to enable users to send and claim tokens by sharing or clicking a link. As with these innovations, with the Mesh integration, Sui is now able to offer one of the most advanced and seamless user experiences in the industry. “Our collaboration with Sui unlocks powerful tooling and interoperability for the millions of wallets on the Sui Network and represents a pivotal development in our mission to build a more connected and secure financial ecosystem,” said Bam Azizi, Co-Founder and CEO of Mesh. “This is our first direct integration with a Layer 1 blockchain’s flagship native wallet, and soon, wallets across the Sui ecosystem will be able to integrate with the Mesh platform, creating a much better experience for users across the globe.”ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

Plume has already seen more than 80 RWA projects spanning collectibles, alternative assets, synthetics, luxury goods, real estate, DeFi and more all building on the network in testnet alone. Plume, the first modular EVM Layer-2 built to bring any real-world asset (RWA) on-chain, announces its $10M seed round led by Haun Ventures with participation from Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, Reciprocal Ventures, and others. Notable angels include founders and executives of leading projects such as Anthony Ramirez of Wormhole Labs, Calvin Liu of EigenLayer, Zon of Initia, Andrew Kang of Mechanism, Jeff Feng & Jayendra Jog of Sei Network, Adam Lawrence of rwa.xyz, Austin King & Tyler Tarsi of Omni, Martin Quensel from Centrifuge, and more.The RWA industry is one of the fastest growing verticals in crypto today but there remains a critical gap — to date there has not been a permissionless blockchain equipped with full-stack RWA infrastructure to deploy any asset class compliantly. Plume was founded to solve this challenge of real-world asset integration by providing the necessary infrastructure for traditional financial participants to engage, while also offering innovative products that appeal to the crypto-native community. By integrating asset tokenization and compliance into its chain along with RWA specific chain level modifications, Plume simplifies the deployment process and offers a dynamic ecosystem for cross-investment and diversification. The robust DeFi ecosystem on Plume enables users to do everything with RWAs – from earning yield, borrowing/lending, trading, and speculating with leverage.In testnet alone, Plume has already seen rapid growth with more than 80 RWA and DeFi projects building on its private testnet with everything from collectibles, alternative assets, synthetics, luxury goods, real estate, borrow/lend protocols, perpetual DEXs, and more. For media inquiries, users can contact Phil LeRoy at (310) 260-7901 or phil(at)melrosepr(dot)com.About PlumePlume is the first modular EVM L2 blockchain dedicated for all real-world assets (RWAs) that integrates asset tokenization and compliance providers directly into the chain. Plume’s mission is to simplify the convoluted processes of RWA project deployment and offer investors a blockchain ecosystem to cross-pollinate and invest in various RWAs. In addition, Plume enables RWA composability through its thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs. To learn more about Plume, visit https://www.plumenetwork.xyz/ContactsCEOChris YinPlume Networkchris@plumenetwork.xyzCMOTiffany LungPlume Networktiffany@plumenetwork.xyzThis article was originally published on Chainwire More

In an unprecedented fusion of innovative science and advanced technology, a leading biotech company has unveiled an ambitious project to bring back the extinct Dodo Bird. Embracing the spirit of this fearless and curious bird, the company is also introducing the MeDoDo Coin.Historically, the Dodo Bird was known for its fearless and inquisitive nature, often following humans out of sheer fascination. Inspired by this behavior, the MeDoDo Coin symbolizes the unwavering love and support fans offer their favorite artists, mirroring the Dodo Bird’s curious devotion. The MeDoDo Coin operates on the BEP-20 standard. This unique cryptocurrency aims to create a vibrant ecosystem where fans can connect with and support their beloved artists in ground-breaking ways.In an exciting development, MeDoDo is finalizing talks with “The Plu9,” the world’s most anticipated and largest hip-hop metaverse. Designed by the visionary behind the phenomenally successful “Grand Theft Auto 5” (GTA 5), which grossed over $10 billion for Sony (NYSE:SONY) PlayStation, “The Plu9” will serve as the launch platform for this new digital ecosystem.BLVD United, exclusively distributed by Universal Music Group (AS:UMG), led by Managing Partner Damuer H. Leffridge, is spearheading the project. Leffridge has a storied history of collaborating with superstars like Chris Brown, Wiz Khalifa, YG, and Eric Bellinger. Notably, BLVD United was instrumental in the triumphant return of Billboard and Nickelodeon Kids’ Choice Award-winning multi-platinum group B2K, which achieved significant acclaim, including a nomination for Billboard Tour of the Year 2020.Additionally, Leffridge piloted the affiliate sales and marketing efforts of the Zondervan published Audie Award-winning audio Bible, “The Bible Experience.” The project features a constellation of stars, including three Oscar winners, five Golden Globe winners, seven Emmy winners, and twenty-three Grammy winners. Led by Academy Award-winning actors Forest Whitaker, Cuba Gooding Jr., and Denzel Washington, along with Angela Bassett, Blair Underwood, and Samuel L. Jackson, establishing Leffridge’s expertise and significant presence in the industry.Get ready to connect with music superstars, top producers, Hollywood icons, and your favorite industry legends from around the world in a groundbreaking way. The MeDoDo Coin and its exciting projects are poised to transform fan interaction and support, taking engagement to unprecedented levels.About BLVD UnitedDriven by innovative projects across various media platforms BLVD United stands at the vanguard of the entertainment industry and a cutting-edge entertainment powerhouse with deepened industry experience complimented with a proven track record of success. BLVD United features an award-winning creative team of comprising industry veterans and celebrated artists.ContactMedia RelationsQ. WilliamsBLVD Unitedinquiries@blvdunited.coThis article was originally published on Chainwire More

“Satoshi era” refers to the period when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was active in the community, roughly between 2009 and 2010. Bitcoin mined during the early years (2009-2011) is considered part of Bitcoin’s foundational history. Transactions involving these coins are rare and often attract considerable attention. This is often because old Bitcoin miners act as a source of liquidity and distribution.The transfer was notable not only for its size but also because it involved coins that had been held for roughly 14 years. The motivation behind moving such a significant amount of Bitcoin after a prolonged period can vary. Some potential reasons include: the holder might seek to capitalize on current market prices or to fund new ventures or investments. Sometimes, old addresses move small amounts to test modern transaction capabilities and security before deciding on larger moves.It is also possible that the owner might be moving their holdings to enhance security, utilizing modern wallets with advanced security features compared to older ones. The movement might be part of a broader market strategy, such as preparing for a large sale through over-the-counter (OTC) markets.According to Moreno, the latter scenario might be the case. He speculates that the coins likely went to an OTC desk or custodian, given that they were forwarded to several other new addresses almost immediately.At the time of writing, BTC was down 0.5% in the last 24 hours to $69,681. At current prices, the value of the transferred 2,000 BTC would be worth nearly $130 million.This article was originally published on U.Today More

Given the SEC’s prior approval of a Bitcoin ETF, denying an Ethereum spot ETF would require the SEC to present new arguments. Bernstein believes there is a reasonable chance of an Ethereum spot ETF approval by May, with a near-certain probability over the next 12 months.”The regulatory setup for Ethereum is similar to Bitcoin, and the success of Bitcoin ETFs has set a precedent that asset managers are unlikely to relinquish easily,” Bernstein analysts noted. “We estimate a 50% likelihood of approval by May and a near-certain probability within the next year.”As the Bitcoin trade gains momentum, Bernstein analysts suggest it may be time to shift focus to Ethereum. While Bitcoin’s price has tripled from its 2023 low, Ethereum has doubled. Ethereum, which currently boasts a market cap of around $350 billion, is well-positioned for similar institutional adoption due to its staking yield dynamics, environmentally friendly design, and institutional utility in building new financial markets.Ethereum futures have been trading as a digital commodity on the CME for the past 2.5 years, with an Ethereum futures ETF live since October 2023. Major asset managers such as Blackrock (NYSE:BLK), Fidelity, and Grayscale are advocating for an Ethereum ETF. Institutions are not only interested in launching ETH spot ETFs but also in leveraging Ethereum to build transparent and open tokenized financial markets. According to Bernstein , this extends beyond asset gathering to “transforming financial markets” and launching “accessible, global asset management products” on Ethereum’s decentralized ledger. “Ethereum holds significant strategic value to institutions as the leading tech platform for financial market transformation, unlike Bitcoin, which is viewed more like digital gold,” Bernstein stated.While competitors such as Solana, SUI, and Aptos position themselves as faster, more integrated blockchain designs, Ethereum has opted for a scalability roadmap driven by an open ecosystem of faster chains built on top of Ethereum, known as roll-ups.Despite criticism for fragmentation and complex user experiences, this open ecosystem allows applications to build dedicated chains, offering speedy and customized user experiences.”As Ethereum’s scalability roadmap unfolds, it will further solidify its position as the backbone of decentralized financial applications,” Bernstein analysts concluded. More

This capital boost has benefited nearly every DeFi sector, across both major and niche markets, making previously inaccessible financial primitives available on-chain.The Yield sector, after a 148.6% increase to $9.1 billion this year, is now the eighth largest DeFi market by TVL. On-chain interest rate derivatives platform Pendle has seen incredible growth this year, up 1962% to $4.8 billion. This surge is thanks to the popularity of yield-bearing assets and the increased rate volatility driven by liquid restaking and speculative point systems. According to Binance’s research team, stablecoins are on the rise too, with the circulating market cap reaching $161.1 billion this year, the highest in nearly two years. Ethena has capitalized on a market gap for a more capital-efficient yield-bearing stablecoin, surging 2730.4% to a $2.4 billion market cap. Elsewhere, money markets have grown this year, with on-chain TVL up 47.2% to $32.7 billion. The demand for more flexible lending products, such as those that can incorporate long-tail assets as collateral, has fueled interest in modular lending. The report cites Morpho Blue and MetaMorpho, which attracted billions in deposits in just a few months.Other highlights show that prediction markets printed a new peak this cycle, with TVL hitting a record $55.1 million after a 57.7% rise YTD. Historically thriving on political events, and with U.S. elections in sight, Polymarket is booming again, with average monthly volumes soaring from $6.1 million in 2023 to $42.0 million in 2024.The market bounce has pumped up on-chain derivatives, the report notes, propelling average daily volumes from $1.8 billion last year to $5.4 billion this year. Hyperliquid has capitalized on this trend to increase its market share to 18.9%, making it the second largest by trading volume, trailing only dYdX. “2024 has marked a turning point for DeFi, with substantial capital commitments underscoring the robustness of the sector,” said Binance Research analysts. “The distribution of this capital across nearly every DeFi sub-sector highlights the diversification of the market, moving beyond just decentralized exchanges (DEXes) as primary drivers.”Despite this influx of on-chain liquidity, the sector’s public market valuations have yet to catch up with the wider crypto market. However, the steady flow of billions into DeFi shows its promise to meet ambitious revenue forecasts, such as the projection of $231.2 billion by 2030, the research concludes. More