Latest Market News
The annual Bitcoin & Beyond Summit, held on November 10, saw some of the more influential voices in the crypto community join the virtual event to discuss some of the more pressing topics concerning the blockchain sector. The list of notable speakers included the executive chairman of the Blockchain Research Institute Don Tapscott, the founder and CEO of FTX Sam Bankman-Fried, the CEO and co-founder of Real Vision Raoul Pal, and many more.
DeFi project izumi Finance has raised a $2.1 million round from a group of cryptocurrency investment companies. The investment round was led by Mirana Ventures, and also included participation from Everest Ventures Group, Youbi Capital, LucidBlue Ventures and others. The izumi Finance project describes itself as a “Liquidity as a Service” provider based on Uniswap v3. izumi Finance builds on top of the concentrated liquidity feature that was introduced in Uniswap V3, and gives projects a way to distribute tokens more efficiently by taking advantage of price ranges.
Smart exchange ecosystem Unizen and ZenX CeDeFi incubator revealed they have partnered with the Geometric Energy Corporation (GEC) to build and launch a cubical module satellite dubbed DOGE-1 into the lunar orbit. The mission will be remembered as the first ever crypto-funded space mission and perhaps also the mission that brought the first CubeSat into the lunar orbit.
Binance is featuring the CITY token on its Launchpool platform. On Launchpool, users will be able to stake BNB, BUSD and CHZ to earn CITY tokens. A total of 291,036 CITY tokens, which corresponds to about 1.4% of the total token supply, will be distributed through Binance Launchpool.
Tim Cook, the CEO of tech giant Apple, says he owns cryptocurrency as a personal investment. The Apple CEO did not specify which cryptocurrencies he owns. However, he did add that he has been into cryptocurrency “for a while”, and that he finds it interesting.
TRON has announced a $1.1B fund to incentivize developers to work on DeFi and NFT applications.
The total cryptocurrency market cap has reached the $3 trillion milestone for the first time in its history. Both Bitcoin and Ethereum have reached new all-time highs - BTC peaked at about $68,5000, while ETH reached the $4,8000 mark.
As we move through Q4, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
The decentralized finance (DeFi) world has given rise to some exciting new staking opportunities. As dozens of chains have native assets supporting yield farming and staking, there is tremendous potential to explore. However, personally, I feel the current landscape is far too fragmented, dissuading users from using their liquidity for the greater good of the broader ecosystem.
Ember Sword, the soon-to-be-released MMORPG will be migrating from Polygon to Immutable X to meet their massive NFT scaling needs. By the end of the year, Immutable X protocol will power 48,000 Ember Sword NFTswith gas-free and 100% carbon-neutral trading and minting on the STARK-based zero knowledge rollup.
