Tag: chain
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Robinhood Unveils Robinhood Chain, an Ethereum Layer-2 Network, Bolstering DeFi Integration and Global Expansion
Publicly traded brokerage and financial app Robinhood has marked a significant strategic pivot with the launch of the public mainnet for its proprietary Ethereum layer-2 network, Robinhood Chain, on Wednesday. This ambitious initiative, powered by Arbitrum technology, signals Robinhood’s intent to aggressively bridge the chasm between traditional finance (TradFi) and the burgeoning world of decentralized…
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Bitcoin’s Cycle Bottom Remains Elusive, On-Chain Data Suggests Further Correction Needed
The most pressing question currently dominating the cryptocurrency landscape is whether Bitcoin has finally established its cycle bottom. According to Ki Young Ju, CEO of the prominent on-chain analytics firm CryptoQuant, the answer, based on a comprehensive analysis of on-chain data, unequivocally remains no. His detailed argument hinges primarily on the metric known as realized…
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On-Chain Analyst Expects Next Bitcoin Bull Cycle To Be More Aggressive Here’s Why
The digital asset market is demonstrating renewed strength, emerging from a period of significant outflows that had previously eroded billions from its overall market capitalization. In the past 24 hours, the total market cap has surged by 3.91%, surpassing the $2.28 trillion mark. This upward momentum is being fueled by improving macroeconomic conditions, according to…
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Venus Protocol Pioneers Tokenized Stock Collateral on BNB Chain
Venus Protocol, a leading decentralized lending and borrowing platform operating on the BNB Chain, has officially launched tokenized stocks, referred to as bStocks, as eligible collateral within its Core Pool. This landmark integration marks the first instance where users can leverage tokenized stock positions as collateral to borrow various cryptocurrencies and stablecoins without divesting their…
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Axelar Halts Secret Network Bridge After $4.67 Million Exploit Targets Cross-Chain Protocol Vulnerability
Axelar is actively working to contain the fallout from a significant security incident that has led to the unauthorized loss of approximately $4.67 million in digital tokens. The breach specifically targeted assets that were bridged from the Axelar chain to the Secret Network using the Inter-Blockchain Communication (IBC) protocol. In response to the discovery, Axelar,…
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