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OKX Ventures announces investment in Lombard, a Babylon-based solution that provides cross-chain liquidity staking of Bitcoin.
Lombard’s flagship product is LBTC. Lombard is partnering with Babylon, whose staking protocol allows Bitcoin assets to be staked in a trustless and self-custodial manner, providing economic security for Proof of Stake (PoS) systems. Through Babylon, staked Bitcoin assets are converted to LBTC, making them available for integration into the most used DeFi protocols on Ethereum mainnet and future popular Layer 2 chains. LBTC seamlessly moves across chains and is used as collateral in decentralized finance, aiming to unlock over null.3 trillion in Bitcoin for lending and trading. This move will not only bring new capital opportunities to Bitcoin holders, but will also drive growth across ecosystems and DeFi protocols, thereby enhancing Bitcoin’s utility and liquidity.
Coinbase Assets said it will not perform the migration of Ocean Protocol ( OCEAN ) and <Fetch.ai> ( FET ) on behalf of users, but will continue to support trading of each asset until further notice.
Coinbase said that once the OCEAN migration begins, it will allow users to migrate through self-custodial wallets, including but not limited to Coinbase Wallet. Coinbase said that the token merger will support "all major software wallets."
ApeX Protocol, a decentralized derivatives trading protocol, has launched the Feed the Kong Frenzy game. Participants can get the Meme token KONG airdrop with a simple click.
KONG is the Meme token that ApeX Protocol officially announced will be launched soon. It will be launched fairly and completely owned by the community. There are airdrop plans for users who participate in Apex staking, early ApeX Omni users, and Feed the Kong Frenzy game participants. ApeX Omni is a new product recently released by ApeX Protocol. It realizes decentralized and efficient order book derivatives trading based on modular design and zklink engine.
Shares of Bitcoin miner TeraWulf surged in Tuesday trading after the mining company released its monthly production update for May, the first full month after the latest Bitcoin halving event.
The company mined 186 Bitcoins in May, averaging about 6.0 Bitcoins per day.
Uniswap founder Hayden Adams posted on social media that "Hillary running in red states instead of swing states is a serious miscalculation by the Biden camp. They believe that cryptocurrencies will not be important in the 2024 election and will make U.S. securities The SEC and U.S. Senator Elizabeth Warren are in an all-out war—both with voters and money.
Republicans caught wind of this and began to strongly support cryptocurrencies.
Biden has little time to save the day. Anyone close to him or the Democratic leadership should express how serious this matter is and urge an immediate reversal of his stance on cryptocurrency
Crypto market maker Wintermute will provide liquidity for Hong Kong spot Bitcoin and Ethereum ETFs. Wintermute is working with OSL Digital Securities and HashKey HK Exchange to help OSL and HashKey buy, sell and deliver the ETF’s underlying assets.
Ethereum liquidity re-hypothecation protocol Renzo announced that Pendle will open its new long-term ezETH pool today (until December 24, 2024) and increase ezPoints rewards by 3 times. At the same time, users can also receive EigenLayer points as well as ETH re-staking and AVS rewards.
Two virtual asset spot ETFs jointly applied by Boshi Funds (International) Co., Ltd. and HashKey Capital Limited have received conditional approval from the Hong Kong Securities and Futures Commission (SFC). Boshi International and HashKey Capital will give full play to their leading professional knowledge and ecological resources in the traditional financial and virtual asset industries to jointly promote the issuance of Bitcoin and Ethereum spot ETFs and provide investors with a safe, compliant and convenient way. Directly participate in the two mainstream virtual asset markets of Bitcoin and Ethereum.
The approval of the virtual asset spot ETF and the innovative introduction of a currency-holding subscription mechanism (which allows investors to directly use Bitcoin and Ethereum to subscribe for corresponding ETF shares) are expected to further promote the development of the virtual asset market in Hong Kong and even Asia. , attracting more global capital inflows and stimulating the underlying vitality of Hong Kong’s virtual asset market.
Antonio, the founder of dYdX, tweeted that in the next few months, dYdX will launch smart contracts, AMM treasury, permissionless currency listing market, oracles covering most crypto assets, and token pre-launch market.
Blockchain Australia, Australia’s regulatory and policy development industry body, announced on its social platforms that Backpack is now a member.
At the same time, Blockchain Australia stated that "Backpack is a fully regulated global cryptocurrency trading platform."
