These 5 altcoins, which are on the crypto money exchange Binance, have increased in the stock markets in line with the developments.
This altcoin exploded with this development
STX, the native token of the Bitcoin layer 2 Stack Network, is augmented by the recent arrival of the Ordinals protocol, revealing a new narrative of NFTs and smart contracts on the Bitcoin blockchain. Stacks Network is a Bitcoin layer 2 network for smart contracts focused on building the world’s largest and oldest programmable blockchain.
Stacks has a separate ledger for storing data outside of the Bitcoin blockchain, allowing developers to build applications similar to those on Ethereum and Solana. The altcoin is up nearly 50% in the last 24 hours to $0.60, taking the month-to-date gains to 125%. Prices rallied as high as $0.84, the highest level since May, early Monday, according to cryptokoin.com data.
Last week, Bitcoin-focused Web3 wallet Xverse rolled out Ordinals support. At the same time, Hiro Wallet added support for posts to the testnet, and Ali described the same thing as Metamask for Bitcoin.
Huobi Global applies for crypto trading license
Market players are now taking action, as Hong Kong regulators seek to re-establish the region as Asia’s crypto hub. In the latest development, Justin Sun’s Huobi Global announced that it has applied for a crypto trading license in Hong Kong.
In addition to searching for licenses, Huobi Global plans to establish a local exchange, namely Huobi Hong Kong. The exchange will comply with all local regulations while offering a variety of trading pairs and services to clients.
In addition, Huobi’s new exchange will cater to institutional investors as well as offering trading services for high net individuals in Hong Kong. Huobi Hong Kong positions itself as a reliable and safe platform for investors in Asia who want to join the crypto market. Talking about the development, Justin Sun wrote:
“With the new license, Huobi will be able to expand its services and offerings to customers in Hong Kong and offer a wider range of crypto trading and investment options. This is great news for traders and investors looking for a reliable platform to buy, sell and store cryptocurrencies.”
This altcoin is revolutionizing AMMs
The Balancer Protocol has introduced Generalized Augmented Pools, a new feature that allows for the monetization of idle resources in other protocols. With Automated Market Makers, only a small portion of the liquidity in a pool is used to facilitate transactions, and most of the funds remain idle. Augmented Pools aim to achieve high capital efficiency by storing liquidity in external protocols as yielding versions of common tokens.
The launch of Augmented Pools provides several benefits, including high capital efficiency, consolidated liquidity, flexibility in exchanging common and yielding assets, and moving funds between composable tiers or different Augmented Pools. Augmented Pools are aimed at different users such as traders, liquidity providers, pool creators and aggregators.
The first iteration of Boosted Pools was launched in partnership with lending protocol Aave. This first offering, the bb-a-USD Augmented Pool, is a collection of a Composable Stable Pool containing tokens from three different Linear Pools. These pools have an associated stablecoin, including DAI, USDC, and USDT.
VeChain spikes after two key triggers
VeChain (VET) is bullish today after its price broke above $0.03049 amid a 14.36% growth. Price action has grown more than 32.85% over the past week for a token that has hardly been in the limelight.
VeChain, an enterprise-grade Tier-1 smart contract platform, is making significant headway in terms of adoption across a wide range of industries. Despite its versatility and diversity in application, VeChain is particularly well drawn in the fight against climate change.
https://twitter.com/eisenreich/status/16227297880250671104
In one of the most recent updates, the protocol took back the unique capabilities of VeCarbon, a zero-threshold carbon management software-as-a-service (SaaS) protocol. According to the update shared by Twitter user @eisenreich, a VeChain Foundation educator, hundreds of companies have used the VeCarbon protocol to effectively manage their own carbon emissions.
With each blockchain protocol unique in its own way, VeChain has a visibly different model from its regular focus on decentralized finance (DeFi) and NFTs. However, for its enterprise-level solutions, the protocol is gaining a lot of attention through high-profile partnerships and integrations of its core solutions.
Shiba Inu (SHIB) developer reveals plans for Shibarium platform
Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), has announced plans for a Tier-2 solution called Shibarium. In a recent blog post, Kusama talked about his journey towards developing the platform and the challenges he faced along the way.
Kusama explained that his 2022 goal is to create a different and viable platform not only for scam projects, but for the collaborative ecosystem. He also stressed the importance of finding the best possible team for the job. Despite facing criticism and challenges, Kusama remains focused and works tirelessly to bring Shibarium to life.
However, Kusama acknowledged that the project’s damage to his mental health was significant, which prompted him to embark on a spiritual journey to recuperate. He has since returned to the project, working with the Shibarium team to develop new relationships and friendships that will help bring the platform to life.
Kusama stressed that Shibarium will be a decentralized platform that embraces everyone, but stressed the importance of respecting the hard work and achievements of the Shib community. He also expressed his gratitude to the community members who worked tirelessly for the success of the project.
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