Cryptocurrency

Panana Finance has introduced closed beta access, enabling users to trade both cryptocurrencies and real-world assets on its platform.A New Era of Decentralized TradingPanana Finance is a decentralized exchange (DEX) designed to enhance perpetual trading and bridge the gap between traditional finance and the digital economy. The platform offers a wide range of trading pairs, including cryptocurrencies, Forex, and commodities, providing users with a diversified trading experience.Empowering Traders: The Democratic Revolution of Panana FinanceAt the heart of the financial revolution, Panana Finance stands out as a beacon of collective empowerment. It’s not just another platform; it’s a 100% community-owned project that’s breaking the mold. With no venture capitalists in sight, every decision, every change, and every new feature is driven by the very people who use it. This isn’t just a platform for trading; it’s a platform for the traders, by the traders. Here, every member holds the power to shape the future, making Panana Finance a true democracy in the digital age.Revolutionizing Liquidity ProvisionThe platform employs a hybrid market-making model that combines institutional expertise with community-driven liquidity. This approach aims to provide effective liquidity across various trading pairs, fostering a seamless trading environment suitable for both experienced traders and newcomers.Visionary Initiatives on the HorizonUpcoming initiatives for Panana Finance include a DAO-based token launch, allowing users to participate in governance, and the introduction of tiered NFTs linked to trading volume, which offer exclusive benefits and rewards.Exclusive Closed Beta AccessPanana Finance’s closed beta is launching on the Arbitrum mainnet. Nearly 20,000 eligible traders from the Arbitrum ecosystem will have the opportunity to claim one of 3,000 invite codes. Those who have been active on Arbitrum perpetual DEXs or made significant deposits into the Hyperliquid Arbitrum bridge may qualify for these limited invite codes.Closed beta whitelist criteria:Participants in the closed beta will gain early access to the platform and have the opportunity to earn Panana Points through trading, achieving milestones, and referring new users. These points will offer future rewards and advantages.Panana Points will have more rewarding use cases in the future so keep an eye on them.How to ParticipateEligible users can check their status and claim invite codes on the Panana Finance website. Additional opportunities to obtain invite codes will be available through Panana’s social media and community channels.Users who are unable to claim an invite code through the Panana platform can still participate by following Panana’s X account and joining the Discord community, where additional invite codes will be distributed through various giveaways.Revolutionizing TradingPanana Finance aims to redefine trading by offering a platform that emphasizes decentralization, liquidity, and community empowerment.About Panana FinancePanana Finance is a community-driven perpetual DEX on Arbitrum that allows users to trade cryptocurrencies and real-world assets such as forex with potential commodities and no funding fee. For more information users can visit: Official Website | Discord | XContactMarketing LeadJack WilliamsonPanana [email protected] article was originally published on Chainwire More

BaseAlpha, the newly launched IEO token on ProBit Global is set to redefine decentralized investing. With its innovative approach to the automated launchpad, BaseAlpha brings accessibility for users to access early crypto releases on a Base chain. BaseAlpha’s (BAA) core value is bringing accessibility and inclusivity for all investors, eliminating any advantages like venture capital and secret token discounts. Moreover, BaseAlpha introduces Liquidity Bootstrapping Pool (NASDAQ:POOL), a dynamic contract designed to optimize investment opportunities by managing a pool of tokens to be sold. This approach democratizes investing and fosters a community-driven environment where every participant has fair access to investment opportunities.In addition, BaseAlpha provides a subscription model where funds raised are divided by the tokens provided in the pool, and any surplus beyond the hard cap is refunded to investors. This provides a transparent launchpad and transparency of fund allocation. Moreover, BaseAlpha’s decentralized launchpad utilizes their Alpha Bot for automated seamless interactions for token deployment. Using their Telegram bot to bridge the gap between Web2 and Web3 users, it provides a user-friendly interface, ensuring a smooth and efficient investing experience for all participants.As BaseAlpha launches on ProBit Global with their Initial Exchange Offering, it invites users to join its mission to change decentralized finance. With their commitment to fairness and transparency, BaseAlpha is positioned to reshape investing on the Base chain. Users can check out the ongoing BaseAlpha (BAA) IEO round 1 on ProBit Global, and be on alert for upcoming BAA events and token reward opportunities.ABOUT PROBIT GLOBALFounded in 2018, ProBit Global is a Top 20 cryptocurrency platform featuring access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 2,000,000 active users, globally.With a powerful crypto trading interface, easy integration for automated crypto trading bots, fiat on-ramp support for 45 currencies, and a multilingual website in 46 languages, ProBit Global has all the features to make your cryptocurrency trading experience easy.To learn more, users can visit probit.com.ProBit Global Telegram: https://t.me/ProBitGlobalOfficialProBit Global on X: https://x.com/ProBit_Exchange ContactTheo HeisenbergProBit [email protected] article was originally published on Chainwire More

Leading Cryptocurrency broker, PrimeXBT, has just launched a total revamp of its brand, website, and all-in-one platforms, as part of its vision to “democratise the financial markets” and “make investing available to all”. PrimeXBT’s new look and feel debuts alongside equally substantial upgrades to the broker’s product offering, including lower fees across 100+ CFD markets, increased leverage on Crypto CFDs, and new fiat payment options, aiming to offer traders more for less. This is in addition to offering traders the ability to buy popular Cryptocurrencies like BTC, ETH, USDT, and USDC outright. The revamp is accompanied by a campaign simply titled “We listen”, where the Crypto broker reveals that a lot of the upgrades were inspired by client feedback.Additional upgrades to PrimeXBT’s offering include a substantially improved user experience across its website, webtrader, and app. The revamped PrimeXBT website now also features a ‘News’ section, so traders can get the latest news and insights from the Crypto world, and other CFD markets. Finally, the broker also debuted a new Partnership Program. Crypto Affiliates can earn up to $2,500 in CPA per client, and Introducing Brokers (IBs) can get up to 50% RevShare, making PrimeXBT’s the most competitive program currently on the market.The Crypto broker’s core brand values are clearly displayed on the upgraded PrimeXBT website; innovation, client-focus, empowerment, and transparency. All four are in clear focus with this wide-reaching revamp. The addition of new tools to the broker’s webtrader and app attest to innovation, while the simplified user experience empowers traders of all levels to take control of their finances. Making the language used across its website and platforms as clear and easy-to-understand as possible shows transparency, while helping build trust with their users. Finally, all of the changes and upgrades clearly reflect PrimeXBT’s client-focus, incorporating user feedback to improve the overall experience on offer.Users can learn more about the products and services PrimeXBT offers.About PrimeXBTPrimeXBT offers the only all-in-one trading platform that allows clients to buy and sell Cryptocurrencies, and use them to trade 100+ popular markets including Crypto Futures, and CFDs on Crypto, Forex, Indices, Stocks, and Commodities. Since being founded in 2018, PrimeXBT has grown exponentially to serve 1,000,000+ traders in 150+ countries all around the world. Clients enjoy the confidence of trading with an award-winning brand, committed to security, and benefit from round-the-clock support.Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in our website. [email protected] article was originally published on Chainwire More

The community on the X platform, which also belongs to him, responded immediately, congratulating the hard working CEO. Among them were also crypto-themed accounts that made allegations about SpaceX’s crypto holdings going up in the future.Recently, as was announced by Elon Musk, this space-internet connection became available in Indonesia. Musk paid a visit to Bali as part of the promotion campaign.Crypto user @XRPcryptowolf tweeted that he expects crypto held by SpaceX to go to moon. It is widely known that SpaceX holds Bitcoin and Dogecoin. As of March 1, SpaceX and Tesla (NASDAQ:TSLA) together hold $1.3 billion worth of Bitcoin, with more than half a million U.S. dollars in profits after the bull run that took place back then. As for DOGE, this is is the only cryptocurrency both SpaceX and Tesla accept for their merchandise in online shops.The new feature will create photographic memories for users, Microsoft CEO Satya Nadella claims. It will take screenshots of all user activity on a PC and then process it with AI. Users will be able to search through this archive later on, according to the idea.Elon Musk responded, saying that this really looks like “a Black Mirror” episode – a popular TV series about possible dystopian futures and the dominating role of technologies. Musk tweeted that he will certainly switch this feature off. Ripple CTO David Schwartz also questioned the point behind the creation of this feature, assuming that people would hardly want to use it. Nadella, though, assumed everyone that Recall will operate locally and will not transfer personal user data from their PCs.This article was originally published on U.Today More

Crypto prices rose on hints of progress toward U.S. approval of exchange-traded funds investing directly in Ethereum, a departure from a more pessimistic outlook last week.The market-moving ETF speculation is reminiscent of the investor excitement that greeted comparable U.S. Bitcoin ETFs, whose January debut fueled a rally in the largest digital asset to a record high.Amid this euphoria, Michael Saylor, the chairman of MicroStrategy, took to X with an intriguing yet compelling message: “Escape the Matrix.” This tweet comes at a time when the crypto market is witnessing an epic rally, with Bitcoin nearing its current all-time highs. At the time of writing, BTC was up 6.28% in the last 24 hours to 6.28% and up 16% in the last seven days. At current prices, Bitcoin is just 3.45% away from its all-time high of $73,350, reached in mid-March. Literally, escaping the matrix means shedding all forms of outside influence to determine what you truly want deep in your soul.Saylor’s call to “Escape the Matrix” resonates with the growing positive sentiment on the crypto market. The “matrix” could reflect the previously imposed limitations, including external influences.Bitcoin’s price has been largely influenced by macroeconomic developments in recent weeks, dropping to a low of $56,903 on May 2 before recovering. While Saylor’s tweet remains subject to interpretation, “Escape the Matrix” could be more than just a catchphrase; it could be a call to action for individuals who want to push the bounds of what seems conceivable.This article was originally published on U.Today More

On the technical front, Bitcoin’s recent move has broken through key resistance levels, sending a strong signal to the market. The daily chart shows Bitcoin successfully surpassing the $67,000 mark, which acted as a significant resistance. This breakthrough has set the stage for Bitcoin to aim for the $70,000 level, a milestone that could solidify its position in bullish territory.Ethereum’s chart reveals a similar story. The cryptocurrency has managed to break past its 50-day and 200-day moving averages, indicating a strong upward momentum. The volume of trading has also seen a notable increase, suggesting growing investor interest and confidence in Ethereum’s future prospects.The impact of these price movements on the broader market has been profound. According to data, more than $250 million worth of short positions were liquidated as traders rushed to cover their positions amid the bullish trend. This massive liquidation has added further fuel to the rally, pushing prices even higher.Interestingly, the liquidation data shows that the majority of these liquidations were short positions as, prior, to the Ethereum ETF news, the majority of the market was heavily inclined toward bearish sentiment. The chart provided indicates that in the past 24 hours alone, $328.73 million were liquidated, with $267.06 million coming from short positions. In its current state, the market may in fact gain momentum and enter the second phase of 2024’s bullrun.This article was originally published on U.Today More

Axelar Interchain Amplifier’s Integration With Rollkit Streamlines the Creation of Interoperable Rollups, Making it as Simple as Developing any Smart ContractThe Axelar Foundation today announced an integration with Celestia Labs that will make multichain interoperability easy for sovereign blockchains built with Celestia’s Rollkit, the first sovereign rollup framework. This integration will advance the modular thesis, simplifying multichain development for thousands of new blockchains.Celestia is the first modular blockchain network, envisioning a future with 1 million rollups. Scaling Web3 to this level with great user experience requires smart-contract capability at the cross-chain layer. Integration of Rollkit and Axelar Interchain Amplifier puts this capability into builders’ hands by introducing new interoperability toolkits that easily connect any new rollup across EVM, Cosmos, Bitcoin, Polkadot and beyond, via Axelar’s growing network of connected chains.Making rollups interoperable across the wider web3 ecosystemAxelar network, the Web3 interoperability platform, is set to enhance Rollkit via the integration of Interchain Amplifier. Built on the Axelar Virtual Machine, Amplifier ​​makes new-chain integrations permissionless and easy, automating routing and translation across Axelar’s expansive network, which today numbers 60+ interconnected chains. Interop Labs, the initial developer of Axelar network, will build the necessary smart contracts and tooling to effect the integration of Interchain Amplifier as a seamless interoperability path for builders developing on Rollkit. Any mainnet upgrades to Axelar network are subject to an on-chain vote, as are future new-chain connections that may be added via Rollkit, once the integration of Amplifier into Rollkit is complete. About Axelar networkAxelar is the Web3 interoperability platform, delivering the shortest path to scale on an open stack to connect all blockchains. Adopters include Uniswap, Microsoft (NASDAQ:MSFT) and dozens of natively multichain startups, building applications to reach all blockchain users at once – 10X as many active users as the leading Web3 application environment. Axelar supports smart contracts on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase (NASDAQ:COIN), Dragonfly, Galaxy and Polychain.Users can learn more here :axelar.network.About Axelar FoundationAxelar Foundation is a nonprofit established to support the growth and adoption of the Axelar network, a decentralized interoperability platform that serves multiple blockchain ecosystems. Users can learn more at axelar.foundation.About CelestiaCelestia is a modular data availability network that makes it easy for anyone to securely launch their own blockchain.About RollkitRollkit is the first sovereign rollup framework that makes deploying any VM or application as its own sovereign chain as easy as rollkit start, reducing the time to launch a sovereign chain from what used to be months to seconds.About Interop LabsInterop Labs is a leading developer of blockchain interoperability technology, used by Web3 infrastructure protocols to support scaling the next generation of internet applications to billions of users. Interop Labs is the initial developer of Axelar network. Users can learn more at interoplabs.io.ContactPR DirectorKarla [email protected] article was originally published on Chainwire More

Multipool, a leading innovator in the blockchain and cryptocurrency industry, announces corporate partnership with industry-leading global connectivity provider BSO, enabling ultra-fast low latency trading on Multipool. The combined tech offers users a comprehensive suite of fully decentralized trading tools delivering the best DEX price execution in the industry.Fully utilizing BSO’s cutting-edge technology and direct access to financial market data centers, Multipool will offer the following features to users trading on the platform:Multipool provides financial traders & investors with the features of a centralized exchange on a fully compliant and stable decentralized platform for trading real-world assets (RWAs) and cryptocurrencies.Multipool’s landmark capability is its fully decentralized on-chain order book, offering the precision of a traditional order book with deep levels of liquidity, optimal price execution and exceptional trading efficiency. Other key features include decentralized limit ordering and hybrid order execution, zero price impact auctions, P2P Repo Lending and trustless RFQs (request for quotes).Stay in the knowMultipool’s vision for unlocking DeFi’s untapped potential is outlined in its whitepaper, which explains Multipool’s governance, protocol capabilities and tokenomics for its native token, $MUL.Multipool’s LBP is now live on Fjord Foundry – Fjord Foundry $MUL LBPTo learn more about Multipool and its features, users can visit:Website – www.multipool.financeTelegram – t.me/multipoolfiX – www.x.com/multipoolfiAbout 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.About BSOFounded in 2004 and serving the world’s largest financial institutions, BSO is a global pioneering infrastructure and connectivity provider, helping over 600 data-intensive businesses across diverse markets, including financial services, technology, energy, e-commerce, media and others.BSO owns and provides mission-critical infrastructure, including network connectivity, cloud solutions, managed services and hosting, that are specific and dedicated to each customer served.The company’s network comprises 240+ PoPs across 33 markets, 50+ cloud on-ramps, is integrated with all major public cloud providers and connects to 75+ on-net internet exchanges and 30+ stock exchanges. The team of experts works closely with customers in order to create solutions that meet the detailed and specific needs of their business, providing the latency, resilience and security they need regardless of location.BSO is headquartered in Ireland and has 11 offices across the globe, including London, New York, Paris, Dubai, Hong Kong and Singapore.www.bso.coContactPublic Relations ManagerAngie [email protected] article was originally published on Chainwire More