Coin2.1(C2)

As Ethereum kicked off the week with a strong performance, ERC20 assets have outpaced the broader market, recording an impressive growth of +8.1% over the past week.

The Render token (RNDR) continues to ride a wave of bullish momentum, propelling it to achieve a remarkable new all-time high of $13.59 early in today’s trading session.  This surge in price comes amidst anticipation of significant events on the horizon, notably the upcoming NVIDIA-powered AI conference GTC24 scheduled to […]

The value of Frontier token ($FRONT) has surged to its highest point in over a year, experiencing a remarkable 200% increase in the past seven days. According to on-chain data from spotonchain, Whale address 0xc29 recently made a significant deposit of 1.22 million $FRONT tokens, amounting to $3.03 million, onto […]

Multibit ($MUBI), a dual-sided bridged token operating on both the BRC20 and ERC20 platforms, has experienced a significant downturn in its value over the past month.  With losses exceeding 33% in the last 30 days and 21% in the past week, the token faces considerable downward pressure. Today, the decline […]

The liquidity provider is expanding to Luxembourg in a bid to widen its EU presence six months after gaining a license to operate in France.

[PRESS RELEASE – Hong Kong, China, December 30th, 2023] AssetClub, the world’s first Web3 digital asset investment game platform, announced the addition of BRC20 inscription token RATS as a payment token on December 29, 2023, as well as upcoming new application scenarios and game functions pivoting around RATS token, committed to leading 8 billion users around […]

GameFi Project AssetClub announced adoption of BRC20-RATS for further development of the RATS community

Discover the top 5 ERC20 tokens to invest in this December. Our expert guide covers promising cryptocurrencies with strong fundamentals and growth potential, offering insights on why these tokens stand out in the ever-evolving digital currency landscape. Ideal for both novice and experienced investors looking to diversify their portfolios.

In a notable development, MultiBit has emerged as the pioneering dual-sided bridge, revolutionizing seamless cross-network transfers between BRC20 and ERC20 tokens.  This innovative bridge, by facilitating effortless movement of cryptocurrency tokens between Ethereum Virtual Machine (EVM) networks like Ethereum and BNB blockchains, and the Bitcoin blockchain, significantly enhances cross-chain interoperability. […]

This week, Bitcoin's price managed to increase by a whopping 14%, while meme coins are having their way. Other altcoins are also on the rise.

Recently, the price of $TRB has experienced a notable downturn, shedding over 10% within the past 24 hours, coinciding with substantial deposits made by two whales to the prominent crypto exchange, Binance. Furthermore, data sourced from Spotonchain has also revealed that the whales in question, identified as 0x6c2 and 0x2DE, collectively deposited 30,152 TRB ($2.43M) […]

LBank Revolutionizes Cryptocurrency Investing with Groundbreaking BRC20 Index

The crypto markets saw a strong performance this past week, with major cryptocurrencies like Ethereum, Solana, and Cardano posting double-digit gains. Leading the charge was Bitcoin, which briefly surpassed $36,000 to hit its highest level since September, with Ethereum also putting in new highs. But the spotlight is increasingly falling on an emerging project called […]

Concerning trend in Telegram coin exchange robot: TRC20 USDT involved in gambling, money laundering, stolen coins, and fraud.

Decentralized crypto wealth management platform MC2 Finance becomes the latest participant of the Cointelegraph Accelerator program.

Swiss-based Web 3 node provider Validation Cloud has launched its novel institutional staking-as-a-service platform, bringing on-demand deployment, smart-contract powered rewards automation, and SOC2 security to Ethereum staking.

EOS EVM, the Ethereum-compatible version of the EOS network, has just had a major upgrade. v0.6.0 of the protocol comes bearing a raft of new features and improvements that will make the network more developer friendly. The main attraction is support for USDT, the ERC20 version of which can now be trustlessly bridged onto EOS EVM.

19.4% of the mentioned addresses have been linked to money laundering schemes.

Contrary to popular belief, when users 'hold' tokens in a crypto wallet, they're not really holding them there. On platforms like Ethereum and its variants, ERC20 tokens and NFTs

Introduction If financial markets are an ocean, then liquidity is the water. Although definitions of liquidity vary between the availability of cash and the cash itself, one thing is for certain; just as an ocean cannot exist without water, a market cannot function without liquidity. Meanwhile, the flow of liquidity between markets can make or break them. Furthermore, the liquidity of a particular asset, cryptocurrency for example, is an important indicator of their viability as well as an essential element of their tradability. Thus, in financial markets, liquidity truly is king! Understanding Markets: Why Liquidity is King Before jumping into its importance, let us define the concept. Liquidity, in its most fundamental sense, refers to the ease with which an asset can be bought or sold in the market. This tradability often correlates with the availability of the asset and is therefore conflated with the relative quantity of the asset itself. Accordingly, liquidity is discussed in relation to an individual or group allocating their funds to an opportunity in addition to the liquidity of an asset or market itself. Nevertheless, liquidity in both forms is critical, with its importance having been recognised by numerous economists and financial theorists throughout history. For instance, Nobel laureate Eugene Fama highlighted liquidity's role in ensuring that asset prices fully reflect all available information, as stated in his Efficient Market Hypothesis. The concept of liquidity is multifaceted, encompassing aspects such as market depth, immediacy, and tightness. Market depth refers to the exchange’s ability to handle large orders without significant price changes that occur following a trade, known as slippage. Immediacy is the speed at which orders can be executed. Finally, tightness refers to the spread between the bid (purchase) and ask (sale) prices. A market is considered highly liquid if it possesses depth, immediacy, and tight spreads in the order book, allowing for efficient price discovery and minimal transaction costs. In the burgeoning world of decentralised finance (DeFi), liquidity takes on a newfound importance. Liquidity in these markets is often provided by liquidity providers (LPs) who pool their assets in smart contracts. These liquidity pools are used to facilitate trading activities on decentralised exchanges (DEXs), with LPs earning fees in return. The concept of Automated Market Makers (AMMs), pioneered by platforms like Uniswap, hinges on this principle of liquidity provision. The importance of liquidity in these markets cannot be overstated. It is the cornerstone upon which the promise of DeFi - a truly open, inclusive, and efficient financial system - is built. The Role of Liquidity in Driving DeFi Innovation The management of liquidity and the maximisation of capital efficiency have been pivotal in driving the continued innovation of DEXs in the DeFi landscape. As the backbone of DeFi, DEXs have had to constantly evolve and adapt to the challenges posed by the unique characteristics of the crypto market, particularly its volatility and the fragmentation of liquidity. The quest for efficient liquidity management and capital utilisation has led to the development of novel mechanisms and protocols. Uniswap, one of the pioneers of the AMM model, serves as a prime example of this liquidity-driven innovation In its initial iteration, Uniswap V1, the platform introduced the concept of liquidity pools, where users could deposit equal values of ETH and any Ethereum Request for Comment 20 standard token (ERC-20) to create a market. While this model was revolutionary, it had its limitations, particularly in terms of capital efficiency. The 50/50 liquidity provision requirement meant that capital was often underutilised, especially for pairs with significant price disparity. In response to this, Uniswap V2 introduced several improvements, including the ability to create direct pairs between any two ERC-20 tokens, thereby improving capital efficiency. However, the most significant leap came with Uniswap V3, which introduced concentrated liquidity. This feature allows liquidity providers to specify price ranges for their liquidity, thereby maximising capital efficiency. Using this model, LPs can provide liquidity only at price levels where they anticipate trading activity, ensuring they are constantly making use of the liquidity in pools. This innovation has not only improved capital efficiency but reduced slippage, benefiting traders. The evolution of Uniswap and the broader DeFi landscape underscores the critical role of liquidity management and capital efficiency in driving innovation. As the DeFi space continues to mature, the quest for improved liquidity and capital utilisation will undoubtedly continue to shape its trajectory. From the development of more sophisticated AMM models to the integration of cross-chain and layer 2 solutions, the pursuit of liquidity and capital efficiency will remain at the forefront of DeFi innovation. The role of liquidity in driving DeFi innovation is not only significant yet concurrently transformative, shaping the future of finance in profound and novel ways. Taking the Next Step with Elektrik Despite the progress made by protocols such as Uniswap V3, liquidity in web3 is still critically underutilised. While DeFi boasts a number of protocols that offer high levels of capital efficiency, the relatively small amount of liquidity present in the market often causes issues, particularly as it pertains to the cold start problem. At its core, the cold start problem refers to the challenge of launching a new product or service in a market where network effects are prevalent. In such markets, the value of the product or service increases with the number of users, creating a virtuous cycle of growth. However, this also means that when a product or service is first launched, it has little to no value as there are no users yet. Subsequently, at a fundamental level, the cold-start problem can be understood through a question - in an environment where users extract value from the existence of other users, why would the initial wave of users remain in the environment? This problem is faced not only by newly minted protocols aiming to facilitate the liquidity of their own token, but also newly created DEXs looking to establish a base of liquidity providers for trading. Without this base, tokens would be untradable and the DEX would subsequently be rendered ineffective. Hence, the importance of implementing effective measures to foster the highest level of capital efficiency possible becomes clear, DEXs are seeking to overcome the cold-start problem with as little liquidity as possible whereby traders always face a positive experience. Elektrik is one such DEX looking to solve this problem, implementing effective capital efficiency measures to facilitate high volume trading from its inception. Incidentally, this necessitates the adoption of novel and creative mechanisms to attract LPs and manipulate liquidity so that it is always available where needed. While traditional DEXs, such as Uniswap, have taken strides in this regard, Elektrik represents a new wave of DeFi protocols that can achieve more with less liquidity. How Does Elektrik Work? Elektrik is a DEX protocol built on the Lightlink Network. In its first iteration, Elektrik V1, the DEX plans to implement itself as a fork of the revolutionary Uniswap V3 architecture. As a fork of Uniswap V3, Elektrik carries forward the proven AMM model, enhancing it with the unique capabilities and features of the Lightlink network. This AMM model allows users to trade directly with the smart contract on the platform. Users can also become LPs by depositing assets into the liquidity pools and earn fees from the trading activity. This design is intended to provide efficient and flexible trading opportunities for all users. The protocol is built on Lightlink, a layer 2 blockchain secured by Ethereum, purposefully built for Metaverse, NFT, and Gaming applications. By harnessing the power of the Lightlink network, Elektrik is able to offer an efficient and seamless trading experience for its users. Most importantly, Lightlink offers a unique feature referred to as ‘enterprise mode’ which allows organisations to pay a monthly fee, covering its users’ gas costs, to simplify users' experiences when transacting with ERC20 and ERC721 smart contracts, effectively bypassing native gas costs. This feature, combined with Lightlink's low transaction fees and high speed, provides Elektrik with a significant advantage over other DEXs built on more traditional blockchains. Elektrik's design as a Uniswap V3 fork also brings with it a number of benefits. For instance, Elektrik, like Uniswap V3, provides higher capital efficiency compared to its predecessors by allowing liquidity providers to provide liquidity in concentrated price ranges, which, for sophisticated and active LPs, can potentially lead to higher returns. Furthermore, Elektrik supports single-sided liquidity provisioning, enabling LPs to deposit only one type of asset in a trading pair, reducing the risks associated with price fluctuations. In terms of fee structure, Elektrik implements an adaptive fee structure that dynamically adjusts fees based on market conditions and liquidity utilisation. This is achieved through the introduction of multiple fee tiers for each pair: 0.05%, 0.30%, and 1.00%. These options allow LPs to adjust their margins based on the expected volatility of the pair. For example, LPs can choose to take on more risk with non-correlated pairs like ETH/DAI, or minimal risk with correlated pairs like USDC/DAI, and select the fee tier that best compensates them for this risk. This ensures competitive fees for users while maintaining incentives for liquidity providers. By adapting fees to market conditions, Elektrik aims to promote efficient market participation and attract liquidity. Moreover, Elektrik introduces enhanced capital efficiency by utilising multiple fee tiers within liquidity pools. Liquidity providers can allocate their funds to different fee tiers, optimising their capital allocation and earning potential. This feature encourages efficient capital deployment and enables liquidity providers to maximise their returns. Understanding Elektrik V2’s Liquidity Model Although Elektrik is initially being released via the aforementioned Uniswap V3 model, Elektrik V2 plans to implement an innovative AMM. The Elektrik V2 platform represents a significant advancement in the realm of decentralised exchanges, distinguished by its incorporation of abstracted AMM, Artificial Intelligence (AI), Reinforced Learning (RL), and dynamic smart contracts. Central to Elektrik's proposition is its commitment to capital efficiency, ensuring that liquidity is not merely present but is deployed judiciously for optimal trading outcomes. The Dynamic Liquidity Provision (DLP) mechanism is pivotal in this regard, meticulously adjusting liquidity with each block on the LightLink network to meet the precise requirements of liquidity providers. While Elektrik V1 allows for LPs to add liquidity to particular price ranges, Elektrik V2 harnesses the power of AI to anticipate and modulate liquidity in the inherently unpredictable cryptocurrency market. While conventional AI models may falter in such volatile environments, Elektrik's model is characterised by its dynamic adaptability. It undergoes continuous training on a diverse array of data, both internal to Elektrik and from external sources, ensuring its models remain contemporaneous and pertinent. This perpetual refinement is instrumental in ensuring that liquidity is judiciously allocated, responding adeptly to market fluctuations and safeguarding optimal trading conditions. The decision-making prowess of this AI is further enhanced by the principles of Reinforcement Learning (RL). To elaborate, RL operates on a paradigm wherein the system discerns optimal actions through a process of iterative trial and error. Within Elektrik's operational framework, RL assists in determining the most efficacious deployment of liquidity, harmonising the dual objectives of return maximisation and risk minimization. By synergizing dynamic AI with RL, Elektrik underscores its commitment to the judicious management of liquidity, thereby promising an unparalleled trading experience driven by precision and efficiency. Comparing Elektrik to the Competition Since 2021, the DEX landscape has been dominated by Uniswap V2-style DEXs, with many implementing the tried-and-tested x * y = k algorithm and spreading liquidity evenly across all price ranges. This can lead to inefficiencies, especially those associated with use of capital. If liquidity is dispersed across all price ranges, each pool will require a larger amount of liquidity to facilitate the same amount of volume. Consequently, more trading fees are dispersed to a greater number of parties and traders must be charged higher fees in order to provide LPs with the same level of yield. With the advent of Uniswap V3 in 2022, the DEX landscape has likewise undergone a subsequent evolution, with concentrated liquidity models becoming increasingly prevalent in DeFi. Nevertheless, these types of models often require manual rebalancing of liquidity or custom automated strategies by LPs, which can be relatively inefficient. Thus, even the relatively recent AMM models possess inherent flaws with regards to their management of idle liquidity that make them ineffective solutions when compared to next generation AMMs such as that implemented by Elektrik V2. Elektrik V2 and similar DEXs will offer far greater flexibility than their contemporaries. The greater capital efficiency facilitated by the continuous rebalancing and concentration of liquidity will allow protocols to handle high volume trading with relatively insignificant liquidity. Thus trading fees for users can be reduced and those which are earned can be dispersed between fewer LPs, providing incentives for the participation of users and LPs alike. Another key advantage of an automatic liquidity rebalancing model is the potential reduction in impermanent loss. Impermanent loss is a risk faced by LPs in traditional AMMs when the price of the assets in a pool diverges. By automatically adjusting liquidity to follow price movements, a DEX implementing this model can ensure that a LP’s liquidity is never concentrated in one side of a pool, mitigating the effects of impermanent loss. This means LPs are less likely to be holding the wrong asset when prices change, which can lead to more stable and predictable returns. Notably, this model does possess some inherent challenges, particularly associated with the potential incorporation of machine learning for liquidity rebalancing. After all, if the AI makes an incorrect judgment, then the actual price range will have less liquidity than if the prediction were correct. However it is important to note that any particular price range would never be completely devoid of liquidity due to the use of a price weighting model by the AI, which allocates liquidity to certain price ranges depending on the likelihood that the price will be achieved. Furthermore, the learning curve for LPs in actually understanding and grasping this system may pose some challenges to adoption. Nevertheless, these challenges can be solved via frequent rebalancing and user interface abstraction for a more seamless user experience. Conclusion The very definition of liquidity as the ability to quickly and effortlessly buy or sell assets, is the essence of a functional market, be it the financial markets at large or the intricate DeFi space. Its influence extends throughout history, where liquidity has ruled the dynamic and ever-evolving landscape of markets and as we have found, continues to influence the modern financial system - even in the context of DeFi. Therefore, it's evident that DeFi markets, such as Elektrik, which foster liquidity and allocate it efficiently, are likely to remain at the forefront of their respective industries. Therefore, it's evident that DeFi markets, such as Elektrik, which foster liquidity and allocate it efficiently, are likely to remain at the forefront of their respective industries. Consequently, as one of the principal determinants of market and asset success, liquidity, as championed by platforms such as Elektrik, will continue to drive innovation, incentivize adoption, and remain paramount in financial markets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ethereum automated market maker (AMM) Balancer, has put out an official disclosure to confirm that it had been exploited for approximately $900,000 (USD). The news comes just days after the decentralized finance protocol highlighted a vulnerability affecting several of its pools. Blockchain security expert Meier Dolev identified an Ethereum address believed to belong to the alleged attacker. Subsequent to the exploit, this address received two transfers of the Dai (DAI) stablecoin, amounting to $636,812 and $257,527 respectively. According to Dolev, the account affected over $893,978 in balance. Through a statement on the social platform X, formerly known as Twitter, the Balancer team acknowledged the situation. They stated, “Balancer is aware of an exploit related to the vulnerability below.” Although they had implemented mitigation measures that significantly lowered the associated risks, they were unable to halt the affected pools. As a precautionary measure, the team urged users to withdraw from the compromised liquidity providers (LPs). The attacker continues with his operation, approx $900K affected, more than $600K moved to this address0xB23711b9D92C0f1c7b211c4E2DC69791c2df38c1 pic.twitter.com/inNqH4zel2 — Meir Dolev (@Meir_Dv) August 27, 2023 Previously, on August 22,Balancer had reported a critical vulnerability impacting its boosted pools. The platform had implored users to remove their funds from LPs and initiated a pause on pools to minimize potential harm. Assets that were under threat spanned various platforms including Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zkEVM (from Polygon). Upon the revelation of the vulnerability, merely 1.4% or over $5 million of Balancer's entire assets were at jeopardy. However, by August 24, an estimated $2.8 million, which constitutes 0.42% of its total value locked, was still exposed. The platform had issued a warning on X, advising its users: “We believe funds in the mitigated pools (labeled ‘mitigated’) are safe, but still strongly recommend timely migration to safe pools, or withdrawal. Pools that were unable to be fortified are marked ’at risk’. If you participate as an LP in any of these pools, it is advised to exit immediately.” Balancer had transitioned to the Optimism network in June the previous year with the intent of amplifying user functionality and diminishing transaction costs. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ethereum automated market maker (AMM) Balancer, has put out an official disclosure to confirm that it had been exploited for approximately $900,000 (USD). The news comes just days after the decentralized finance protocol highlighted a vulnerability affecting several of its pools. Blockchain security expert Meier Dolev identified an Ethereum address believed to belong to the alleged attacker. Subsequent to the exploit, this address received two transfers of the Dai (DAI) stablecoin, amounting to $636,812 and $257,527 respectively. According to Dolev, the account affected over $893,978 in balance. Through a statement on the social platform X, formerly known as Twitter, the Balancer team acknowledged the situation. They stated, “Balancer is aware of an exploit related to the vulnerability below.” Although they had implemented mitigation measures that significantly lowered the associated risks, they were unable to halt the affected pools. As a precautionary measure, the team urged users to withdraw from the compromised liquidity providers (LPs). The attacker continues with his operation, approx $900K affected, more than $600K moved to this address0xB23711b9D92C0f1c7b211c4E2DC69791c2df38c1 pic.twitter.com/inNqH4zel2 — Meir Dolev (@Meir_Dv) August 27, 2023 Previously, on August 22,Balancer had reported a critical vulnerability impacting its boosted pools. The platform had implored users to remove their funds from LPs and initiated a pause on pools to minimize potential harm. Assets that were under threat spanned various platforms including Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zkEVM (from Polygon). Upon the revelation of the vulnerability, merely 1.4% or over $5 million of Balancer's entire assets were at jeopardy. However, by August 24, an estimated $2.8 million, which constitutes 0.42% of its total value locked, was still exposed. The platform had issued a warning on X, advising its users: “We believe funds in the mitigated pools (labeled ‘mitigated’) are safe, but still strongly recommend timely migration to safe pools, or withdrawal. Pools that were unable to be fortified are marked ’at risk’. If you participate as an LP in any of these pools, it is advised to exit immediately.” Balancer had transitioned to the Optimism network in June the previous year with the intent of amplifying user functionality and diminishing transaction costs. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

London-based liquidity provider B2C2 has acquired French market making firm Woorton in a deal that will grants B2C2 access to licenses, allowing it to operate in the EU.

Road Town, BVI, August 21st, 2023, Chainwire LBank Exchange, a global digital asset trading platform, will list DongCoin (DONG) on August 25, 2023. For all users of LBank Exchange, the DONG/USDT trading pair will be officially available for trading at 8:00 UTC on August 25, 2023. DongCoin (DONG) is Korea's first shitcoin (excluding Luna). Introducing DongCoin LBank Exchange is thrilled to announce the upcoming listing of DongCoin (DONG), Korea’s first shitcoin (excluding Luna). The global digital currency sphere is no stranger to meme coins. Yet, the waves created by these fun, internet-inspired tokens have not fully hit the shores of South Korea until now. Enter 똥코인 (DongCoin), Korea's premier meme coin. Though Luna may claim some notoriety, DongCoin is setting out to prove its mettle in the meme coin arena. While meme coins have been majorly a Western phenomenon, with tokens inspired by internet humor, DongCoin serves as Korea's answer to this trend. The name itself – "똥" which translates to "s**t" in English – carries a cheeky nod to the term "s**tcoin". This is not just a coin; it's a statement, embracing the humor and playfulness that internet culture is known for. The fact that Americans aren't the only ones enjoying meme coins is now evident. Koreans have a rich internet culture, appreciating memes and emoticons, notably the poop emoji. Now, they have a coin tailored for their humor. About DONG Token A whopping 420,000,000,006,969 tokens are up for grabs. Such an elaborate figure, filled with meme-worthy numbers like 420 and 69, further reinforces the playful nature of this cryptocurrency. Based on ERC20, DONG has a total supply of 420 trillion (i.e. 420,000,000,006,969). It will be listed on LBank Exchange at 8:00 UTC on August 25, 2023, investors who are interested in DONG can easily buy and sell it on LBank Exchange by then. Learn More about DONG Token: Official Website | Contract | Twitter | Telegram About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies. Start Trading Now: lbank.com Community & Social Media:Telegram lTwitter lFacebook lLinkedIn lInstagram lYouTube Press contact [email protected] Contact LBK Blockchain Co. [email protected]