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đ DeFi Technologies Prepares for Nasdaq Listing! đ
Big news from the Canadian crypto scene! DeFi Technologies has filed a Form 40-F with the SEC, gearing up for a Nasdaq listing. đđ„
With a strong portfolio holding Bitcoin, Solana, and CORE, and an impressive $105 million in profits for 2024, DeFi Technologies is setting its sights on attracting even more investors through this uplisting! đ„
As the company takes this major step, could it become one of the biggest players in the crypto world? Stay tuned and follow the journey! đđŒ
#DeFiTech #NasdaqListing #Solana #CORE #Binance $BTC
Big news from the Canadian crypto scene! DeFi Technologies has filed a Form 40-F with the SEC, gearing up for a Nasdaq listing. đđ„
With a strong portfolio holding Bitcoin, Solana, and CORE, and an impressive $105 million in profits for 2024, DeFi Technologies is setting its sights on attracting even more investors through this uplisting! đ„
As the company takes this major step, could it become one of the biggest players in the crypto world? Stay tuned and follow the journey! đđŒ
#DeFiTech #NasdaqListing #Solana #CORE #Binance $BTC
BREAKING đš: #CORE will join NFT_NYC! Representatives from CORE DAO will be there to support the next generation of NFT utility and builders, showcasing the power of $CORE for the future of Non-Fungible Tokens
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#çéšèŻéą #SOLđ„đ„đ„đ„ #base #CORE $BTC $ETH $SOL
1) Market dynamics:
The market as a whole shows a volatile upward trend, mainly driven by the Sol chain and Base chain favored by American capital, among which many "golden dog" projects have emerged with huge gains. As the U.S. stock market was closed for the holidays, the market focused on the U.S. PCE inflation data, which was in line with market expectations.
2) Market hot spot analysis:
Sol chain related:
The public chain token Sol on the Sol chain has surged, driving the related projects in the ecosystem such as WIF, Bome, JUP, Ray, and Jito to follow suit. In particular, the market value of Jito, JUP, etc. has exceeded that of leading projects in the same industry on the Ethereum chain, such as LDO, UNI, etc. There are many projects imitating the cat Meme on the Sol chain, such as MEW, SC, PC, etc. These projects have achieved dozens of times of growth within a week, once again triggering the zoo-themed craze.
Base chain related:
Projects such as Degen, Mfer, and Dino on the Base chain have achieved significant increases. The number of Base chain addresses reached 5.5 million, and transaction volume hit a new high.
Other public chains:
The price of the public chain Core increased five times in a week. OK Exchange was suspected of pulling the price, which forced short sellers to close their positions. The short selling rate was -0.1%.
DeFi field:
The prices of DeFi projects such as LQTY and Pendle have increased. As a stablecoin protocol, LQTY is hyping the concept of its upcoming launch on the ETHNA exchange. Pendle plans to shift its development focus to the Sol chain.
Algorithmic Stablecoins:
ENA, an algorithmic stablecoin protocol, is about to be launched on the BN exchange. Based on new revenue, the market value is estimated to be approximately US$6 billion. The size of the stablecoin USDE has grown rapidly to US$1.5 billion, accounting for 15% of all ETH contract markets. Revenue mainly comes from exchange contract rates and ETH pledges. USDE is essentially an intermediate product between the centralized stablecoin USDT and the decentralized algorithmic stablecoin. The risk is that if the price of collateral Lido's stETH breaks or a large number of ETH contracts are liquidated at the same time, resulting in price differences, it may cause USDE to break the anchor and trigger a run, similar to the previous situation where LUNA's USTC was shorted. In addition, although the current redemption lock-in period of USDE is 7 days, the project team reserves the right to extend the lock-in period permanently.
1) Market dynamics:
The market as a whole shows a volatile upward trend, mainly driven by the Sol chain and Base chain favored by American capital, among which many "golden dog" projects have emerged with huge gains. As the U.S. stock market was closed for the holidays, the market focused on the U.S. PCE inflation data, which was in line with market expectations.
2) Market hot spot analysis:
Sol chain related:
The public chain token Sol on the Sol chain has surged, driving the related projects in the ecosystem such as WIF, Bome, JUP, Ray, and Jito to follow suit. In particular, the market value of Jito, JUP, etc. has exceeded that of leading projects in the same industry on the Ethereum chain, such as LDO, UNI, etc. There are many projects imitating the cat Meme on the Sol chain, such as MEW, SC, PC, etc. These projects have achieved dozens of times of growth within a week, once again triggering the zoo-themed craze.
Base chain related:
Projects such as Degen, Mfer, and Dino on the Base chain have achieved significant increases. The number of Base chain addresses reached 5.5 million, and transaction volume hit a new high.
Other public chains:
The price of the public chain Core increased five times in a week. OK Exchange was suspected of pulling the price, which forced short sellers to close their positions. The short selling rate was -0.1%.
DeFi field:
The prices of DeFi projects such as LQTY and Pendle have increased. As a stablecoin protocol, LQTY is hyping the concept of its upcoming launch on the ETHNA exchange. Pendle plans to shift its development focus to the Sol chain.
Algorithmic Stablecoins:
ENA, an algorithmic stablecoin protocol, is about to be launched on the BN exchange. Based on new revenue, the market value is estimated to be approximately US$6 billion. The size of the stablecoin USDE has grown rapidly to US$1.5 billion, accounting for 15% of all ETH contract markets. Revenue mainly comes from exchange contract rates and ETH pledges. USDE is essentially an intermediate product between the centralized stablecoin USDT and the decentralized algorithmic stablecoin. The risk is that if the price of collateral Lido's stETH breaks or a large number of ETH contracts are liquidated at the same time, resulting in price differences, it may cause USDE to break the anchor and trigger a run, similar to the previous situation where LUNA's USTC was shorted. In addition, although the current redemption lock-in period of USDE is 7 days, the project team reserves the right to extend the lock-in period permanently.
#ETH #CORE Ethereum Developers Say Dencun Upgrade Will Not Happen This Year
Ethereum client developers announced on Thursday that the Dencun upgrade will not be implemented before the end of the year. The delay is due to more work neede and a conflict between the developer clients for the consensus layer and the execution layer. This revelation came during the All core Developers call on Thursday. The consensus layer client team disclosed they did not feel comfortable having a full client fork on the Goeril testnet. They said the delay is due to the varied amounts of work neede, including changes to the codebase from the Ethereum client Prysm, which powers 45% of consensus layer clients.
Ethereum client developers announced on Thursday that the Dencun upgrade will not be implemented before the end of the year. The delay is due to more work neede and a conflict between the developer clients for the consensus layer and the execution layer. This revelation came during the All core Developers call on Thursday. The consensus layer client team disclosed they did not feel comfortable having a full client fork on the Goeril testnet. They said the delay is due to the varied amounts of work neede, including changes to the codebase from the Ethereum client Prysm, which powers 45% of consensus layer clients.
BREAKING đš: 10000 Tokens on #CORE have been deployed that provided liquidity!
$CORE is rising đ
$CORE is rising đ
#CORE is a native token of Core Blockchain with a strong and vibrant community known as #Coretoshis time to dive deep into core ecosystem .
