Deutsche Bank and Standard Chartered Test Blockchain Transactions for Stablecoins and CBDCs
Deutsche Bank and Standard Chartered Ventures are piloting a blockchain-based alternative to the traditional SWIFT network, aiming to streamline cross-border transactions with stablecoins and central bank digital currencies (CBDCs). This test highlights the growing interest in blockchain to boost the speed, transparency, and security of international payments, especially in the digital asset space. (CoinDesk)
Polygon Unveils POL Token on Ethereum
Polygon has launched its new POL token on the Ethereum blockchain, enhancing governance capabilities within its ecosystem. The POL token allows holders to participate in decision-making and access exclusive benefits, further strengthening Polygon's position as a prominent player in the Ethereum ecosystem. (Decrypt)
Mastercard and MoonPay Partner to Embrace Web3 and Expand Digital Asset Accessibility
In a strategic move, Mastercard has partnered with MoonPay, a cryptocurrency payment infrastructure provider, to bring digital assets closer to mainstream adoption. Through this collaboration, Mastercard aims to allow users to seamlessly integrate cryptocurrencies into their everyday experiences, expanding Web3 adoption and enhancing digital payment options for global users. (CoinDesk)
Arbitrage Opportunities in Bitcoin Amid Rising Perpetual Funding Rates
Bitcoin’s perpetual funding rates have surged, sparking interest in arbitrage trading among investors. These higher rates create opportunities for traders to profit from price discrepancies between spot and futures markets, highlighting the dynamic nature of Bitcoin and cryptocurrency markets and the growing appeal of arbitrage strategies. (CoinDesk)
Gnosis Chain TVL Doubles Following MakerDAO's Spark Protocol Integration
Following the integration of MakerDAO's Spark protocol, Gnosis Chain has experienced a notable increase in total value locked (TVL), reaching $150 million. This development emphasizes the importance of interoperability within the blockchain ecosystem, allowing protocols like Gnosis and MakerDAO to collaborate and drive growth through cross-chain functionality. (The Block)
Ethereum NFT Trading Volume Surges as Interest in Digital Collectibles Reignites
NFT trading on Ethereum has seen a remarkable increase in trading volume, reaching $142 million in a single week. This 124% rise indicates renewed interest in NFTs and digital collectibles, illustrating the sustained demand for unique digital assets within the crypto space. (CryptoTicker)
dYdX Unveils Version 4 Code for Its Cosmos-Based Decentralized Exchange
The decentralized exchange dYdX has released the code for Version 4 of its platform, now built on the Cosmos blockchain. This update is expected to enhance scalability and performance, offering users an improved trading experience and contributing to the evolution of decentralized finance (DeFi) on Cosmos. (The Block)
Pepe Memecoin Gains 31% After Burning 55 Million Tokens
The Pepe memecoin recently experienced a 31% price jump following a token burn event, where 55 million tokens were removed from circulation. This strategic move demonstrates the positive impact of controlled token burns, reducing supply and fostering price stability for holders and investors. (CoinDesk)
Lightspark Brings Lightning Bitcoin Payments to E-commerce
Lightspark is enabling e-commerce merchants to accept Bitcoin payments through the Lightning Network. This integration aims to improve transaction speeds and reduce fees, providing a practical solution for businesses looking to adopt digital currency payments in the growing e-commerce space. (Blockworks)
Chainalysis Report: Lower-Middle-Income Countries Leading Crypto Adoption
According to a report from Chainalysis, lower-middle-income countries are emerging as leaders in cryptocurrency adoption. The study reveals a rising interest in using cryptocurrencies for remittances, payments, and as a store of value, especially in regions facing economic instability. This trend underscores the role of digital assets as alternative financial solutions. (Cointelegraph)
The Sandbox Cofounder Highlights Content Creators’ Role in Metaverse Gaming
The Sandbox cofounder emphasizes the significance of user-generated content and content creators in the metaverse, advocating for creative contributions over land speculation. This insight reflects the evolving landscape of the metaverse and the pivotal role of creators in driving engagement and innovation in virtual worlds. (The Block)
