Desire(DSR)

Bitcoin’s recent surge in funding rate on exchanges like DyDx and Deribit is causing concern among crypto enthusiasts, who are wary of history repeating itself after last week’s market top. With bullish sentiments prevailing, there’s a desire to keep Bitcoin FOMO (Fear of Missing Out) in check, ensuring that shorts […]

RDC's aim is to address the institutional desire to bitcoin investment that may not be satisfied by a spot ETF.

The decline in BTC supply on exchange is considered a bullish sign because it shows an increased desire by investors to continue holding their assets.

XRP’s price has been consolidating over the last few weeks on the USDT pair. It is yet to show any significant desire to either drop or rally. However, against BTC, things are looking different. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Chart Against USDT, the price has been supported by the $0.6 level. […]

Data from L2Beat shows that layer 2s are seeing greater adoption than ever before as users continue to desire lower gas fees.

[PRESS RELEASE – London, United Kingdom, November 14th, 2023] The Rootstock Grants Program, a trailblazing initiative within the cryptocurrency landscape has committed a further $2.5 million towards funding a new wave of ground-breaking projects that are built on Rootstock, the world’s first Bitcoin Sidechain.  The exciting initiative stems from the desire to further the growth […]

Former Alameda CEO Caroline Ellison recognized she wasn't doing a good job months before the company filed for bankruptcy, but Sam Bankman-Fried persuaded her to stay.

The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.

Bitcoin’s current price action leaves much to be desired, but multiple indicators point to what could be a generational buying opportunity for patient investors.

The NFT marketplace Rarity has recently defended creator royalties and cut ties with OpenSea, LooksRare, and other platforms that do not enforce royalties. Rarity Takes a Stand In a bold move that underscores its commitment to artist royalties, NFT marketplace Rarity announced its decision to sever ties with OpenSea, LooksRare, and X2Y2, effective September 30. This decision is a staunch defense of creator rights amidst an ongoing debate about NFT royalties. Rarity, known as a prominent NFT marketplace and aggregator, has been unwavering in its support for artist royalties. The platform's recent announcement clarified its stance. The statement declared, "By September 30th, Rarible.com will no longer aggregate orders from OpenSea, LooksRare or X2Y2…We support royalties. We always have. And we always will.” Redefining Paradigms In Web3 Era In its public statement, Rarity commended the potential of Web3, emphasizing its promise for artists and creators. Beyond mining NFTs, the platform envisions a redefinition of how creativity is valued and compensated. According to Rarity, the core principle of royalties aligns perfectly with the spirit of decentralization, claiming it to be an ongoing acknowledgment of the creator's worth in each transaction. The platform asserted, "We stand in solidarity with creators and artists. That's why we will no longer support marketplaces that neglect royalties.” Shifting Stance On Royalties OpenSea, a significant player in the NFT market, was initially a vocal advocate for creator royalties, offering rates of up to 10%. However, for the completion of its Blur project, it opted to make NFT creator royalties an optional feature. The marketplace introduced the Operator Filter tool to ensure royalty payments, but this initiative lacked universal buy-in across the Web3 ecosystem. OpenSea's CEO, Devin Finzer, acknowledged this shortfall, stating that the desired empowerment of creators hadn't materialized and recently announced his decision to sunset the Operator Filter. The NFT market is witnessing a trend towards optional creator royalties, leaving creators unpaid upon resale. This policy shift has been adopted by various platforms, including LooksRare, Sudoswap, Magic Eden, and X2Y2. While this move aligns with the evolving landscape, it also raises concerns about the financial well-being of artists. Rarity's Trading Surges In the next 24 hours following the announcement, Rarity experienced a notable surge in trading volume. Analytics data from DappRadar illustrated a remarkable 585% spike in 24-hour fiat trading volume on Rarible, surpassing $45,000 on August 23. While these figures might be modest compared to industry counterparts, Rarity's volume leap outperformed OpenSea and LooksRare. The former saw a trading volume decline of approximately 19%, while the latter experienced a staggering drop of around 74%. On the other hand, X2Y2 observed a volume increase of 8.8% over the same period. 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.

The NFT marketplace Rarity has recently defended creator royalties and cut ties with OpenSea, LooksRare, and other platforms that do not enforce royalties. Rarity Takes a Stand In a bold move that underscores its commitment to artist royalties, NFT marketplace Rarity announced its decision to sever ties with OpenSea, LooksRare, and X2Y2, effective September 30. This decision is a staunch defense of creator rights amidst an ongoing debate about NFT royalties. Rarity, known as a prominent NFT marketplace and aggregator, has been unwavering in its support for artist royalties. The platform's recent announcement clarified its stance. The statement declared, "By September 30th, Rarible.com will no longer aggregate orders from OpenSea, LooksRare or X2Y2…We support royalties. We always have. And we always will.” Redefining Paradigms In Web3 Era In its public statement, Rarity commended the potential of Web3, emphasizing its promise for artists and creators. Beyond mining NFTs, the platform envisions a redefinition of how creativity is valued and compensated. According to Rarity, the core principle of royalties aligns perfectly with the spirit of decentralization, claiming it to be an ongoing acknowledgment of the creator's worth in each transaction. The platform asserted, "We stand in solidarity with creators and artists. That's why we will no longer support marketplaces that neglect royalties.” Shifting Stance On Royalties OpenSea, a significant player in the NFT market, was initially a vocal advocate for creator royalties, offering rates of up to 10%. However, for the completion of its Blur project, it opted to make NFT creator royalties an optional feature. The marketplace introduced the Operator Filter tool to ensure royalty payments, but this initiative lacked universal buy-in across the Web3 ecosystem. OpenSea's CEO, Devin Finzer, acknowledged this shortfall, stating that the desired empowerment of creators hadn't materialized and recently announced his decision to sunset the Operator Filter. The NFT market is witnessing a trend towards optional creator royalties, leaving creators unpaid upon resale. This policy shift has been adopted by various platforms, including LooksRare, Sudoswap, Magic Eden, and X2Y2. While this move aligns with the evolving landscape, it also raises concerns about the financial well-being of artists. Rarity's Trading Surges In the next 24 hours following the announcement, Rarity experienced a notable surge in trading volume. Analytics data from DappRadar illustrated a remarkable 585% spike in 24-hour fiat trading volume on Rarible, surpassing $45,000 on August 23. While these figures might be modest compared to industry counterparts, Rarity's volume leap outperformed OpenSea and LooksRare. The former saw a trading volume decline of approximately 19%, while the latter experienced a staggering drop of around 74%. On the other hand, X2Y2 observed a volume increase of 8.8% over the same period. 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.

Citibank explores the potential of Central Bank Digital Currencies (CBDCs) to revamp securities settlements based on securities firms survey. CBDCs are digital currencies backed by national central banks, and have caught Citibank's attention due to their promise for quicker and more efficient settlements for securities firms. With securities transactions being a critical pillar of the global financial system, any improvement in settlement speed can have profound implications. CBDCs can potentially minimise delays, reduce costs, and mitigate the risks associated with traditional settlement methods. Citibank recognises the potential of CBDCs to transform not just securities but other facets of banking as well. Its move resonates with a broader trend where financial institutions globally are turning their attention to digital currencies, particularly CBDCs, to streamline operations and enhance customer experiences. However, while the prospects of CBDCs are promising, their full-scale implementation in securities settlements demands meticulous planning. Ensuring interoperability with existing systems, regulatory harmony, and the technological infrastructure to support vast transaction volumes are some areas that require thorough attention. Opinion The Citibank survey highlights some of the perceived advantages of a central bank being able to wield its own central bank digital currency (CBDC). Of course, what wouldn’t be a quicker settlement process than what already exists? The survey findings point to institutions turning to CBDCs as well as other digital currencies in order to improve their overall capabilities. However, the key with alternative digital currencies will be whether institutions will be allowed a choice. Global financial bodies and regulatory agencies are at last acknowledging the innovations brought to finance by cryptocurrencies, but this is always overshadowed by their perceived ‘risks’ to the financial and banking system. It needs to be made very clear. The only chance for the existing system, at least as far as governments and central banks are concerned, is a widespread implementation of CBDCs. Only with this kind of control will central banks be able to impose any kind of financial stricture they desire upon the citizenry. The total control this would bestow to a central bank would allow it to ‘switch off’ from the system any individuals who do not follow the bank’s rules. Many who might see this would perhaps think that this is a fantastical and dystopian future that can only be read about in science fiction books. Nevertheless, it can be seen that China has a social credit system already in place that allows the government to blacklist and punish individuals who do not toe the line. Given the unbelievably disastrous state of all fiat-based economies across the world, total control of finances by governments and their central banks must be put in place to extract the last wealth of the people in order to prolong the fiat monetary system. 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.

Citibank explores the potential of Central Bank Digital Currencies (CBDCs) to revamp securities settlements based on securities firms survey. CBDCs are digital currencies backed by national central banks, and have caught Citibank's attention due to their promise for quicker and more efficient settlements for securities firms. With securities transactions being a critical pillar of the global financial system, any improvement in settlement speed can have profound implications. CBDCs can potentially minimise delays, reduce costs, and mitigate the risks associated with traditional settlement methods. Citibank recognises the potential of CBDCs to transform not just securities but other facets of banking as well. Its move resonates with a broader trend where financial institutions globally are turning their attention to digital currencies, particularly CBDCs, to streamline operations and enhance customer experiences. However, while the prospects of CBDCs are promising, their full-scale implementation in securities settlements demands meticulous planning. Ensuring interoperability with existing systems, regulatory harmony, and the technological infrastructure to support vast transaction volumes are some areas that require thorough attention. Opinion The Citibank survey highlights some of the perceived advantages of a central bank being able to wield its own central bank digital currency (CBDC). Of course, what wouldn’t be a quicker settlement process than what already exists? The survey findings point to institutions turning to CBDCs as well as other digital currencies in order to improve their overall capabilities. However, the key with alternative digital currencies will be whether institutions will be allowed a choice. Global financial bodies and regulatory agencies are at last acknowledging the innovations brought to finance by cryptocurrencies, but this is always overshadowed by their perceived ‘risks’ to the financial and banking system. It needs to be made very clear. The only chance for the existing system, at least as far as governments and central banks are concerned, is a widespread implementation of CBDCs. Only with this kind of control will central banks be able to impose any kind of financial stricture they desire upon the citizenry. The total control this would bestow to a central bank would allow it to ‘switch off’ from the system any individuals who do not follow the bank’s rules. Many who might see this would perhaps think that this is a fantastical and dystopian future that can only be read about in science fiction books. Nevertheless, it can be seen that China has a social credit system already in place that allows the government to blacklist and punish individuals who do not toe the line. Given the unbelievably disastrous state of all fiat-based economies across the world, total control of finances by governments and their central banks must be put in place to extract the last wealth of the people in order to prolong the fiat monetary system. 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.

One of the most oft-cited motivations behind the creation of Ethereum was the desire to introduce programmatic functions that weren’t possible on Bitcoin. In simple language, Vitalik Buterin and his fellow co-founders of Ethereum wanted the blockchain to be able to do things other than just send payments, which was Bitcoin’s primary and only use-case at the time. Fast forward eight years, and now Bitcoin is able to do all kinds of things that it couldn’t before. Some projects have made Bitcoin compatible with smart contracts, enabling it to be used with the plethora of dApps in the decentralized finance (DeFi) space, and even allowing NFTs known as ‘Ordinals’ to be created on Bitcoin for the first time. Enter Ordinals - Bitcoin’s Own NFTs The success of Ordinals - which inscribe immutable data, such as texts, images and audio - onto a satoshi (the smallest unit of BTC) has been immense. Upon launch they clogged up the Bitcoin blockchain, causing exchanges such as Binance to temporarily halt withdrawals and bringing the Bitcoin network to a grinding halt. The impact of Ordinals was also felt off the blockchain. The idea of using the Bitcoin blockchain to create what is essentially an NFT (Ordinals share the same characteristics of immutability and non-fungibility) caused a rift between developers in the Bitcoin space. Bitcoin was supposed to be a payment network, said one faction. While others lauded this newfound ability to have the same kind of functionality, customization options, and value creation that they’d seen in the Ethereum ecosystem for years. While developers continue to debate the merits of Ordinals, users in the crypto space have apparently embraced them with open arms. Bitcoin Ordinals trading volume rose by an astonishing 2,834% leading into Q2 of 2023, climbing to $210.7 million. More than half a million trades were executed by over 150,000 unique traders, according to the latestdata by DappRadar. Overtaking Ethereum That flurry of activity led to Ordinals overtaking Ethereum NFTs in terms of trade volume. The top two NFT collections with the highest sales are Bitcoin Ordinals, according to data from CryptoSlam. Their combined sales of $27.2 million in the past 24 hours completely dwarf the nearest Ethereum NFT in third place, which recorded just $1.59 million worth of sales. Some have suggested that Bitcoin is currently in the process of flipping Ethereum when it comes to being the main home of NFTs in the crypto space based on the numbers above. However, the true impact of Ordinals on Bitcoin is much more far-reaching. As the author of the Ethereum white-paper, Vitalik Buterin, stated in regard to the Ordinals debate: “Ordinals are starting to bring back a culture of actually doing things. It feels like there's real pushback to the laser-eye movement, which is good.” The laser-eye movement refers to those who view Bitcoin purely as a payment system, and base their hopes of future profits on its adoption as a global payment rail. One of the main gripes many ‘laser-eye’ loyalists have had with Ordinals is their tendency to take up space on the Bitcoin blockchain that could have been used for payments. Building an Ecosystem Around Ordinals But the spirit of innovation fostered by the creation of Ordinals hasn’t stopped. Several ventures are under way that aim to refine the Ordinals landscape. One group of developers are trying to introduce a new BTC token standard - BRC-69 - aims to radically reduce the cost of minting and sending Ordinals, moving Ordinals away from the current BRC-20 standard on which they are based. Others are attempting to build a community mentality around the newfound Bitcoin NFTs, and kickstart an ecosystem of development that can put Bitcoin on a level with Ethereum in regards to its decentralized finance capabilities. A collection of some of the smartest minds in the blockchain space have come together to form The Ordinal Council, a group of builders, developers and executives who share the common goal of building out the Bitcoin ecosystem around Ordinals. The Ordinal Council is in the process of launching the first Bitcoin DAO to support grassroots talent and builders around Ordinals and BRC-20, and will form a Bitcoin incubator to help develop a raft of innovative use-cases on Bitcoin, such as gaming, metaverse, GameFi and DeFi projects — few of which have been possible on Bitcoin until now. The Council is set to unveil the first launchpad on Bitcoin - ToshiPad - in the next few weeks, and is in the process of executing its ‘Yellow Collection’ PFP drop, which aims to bring more users into what is already a burgeoning BRC-20 ecosystem. After years of inactivity, all it took was one little satoshi with something inscribed on it to kickstart a maelstrom of innovation and development on Bitcoin, and it’s turning the crypto space upside down. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice

One of the most oft-cited motivations behind the creation of Ethereum was the desire to introduce programmatic functions that weren’t possible on Bitcoin. In simple language, Vitalik Buterin and his fellow co-founders of Ethereum wanted the blockchain to be able to do things other than just send payments, which was Bitcoin’s primary and only use-case at the time. Fast forward eight years, and now Bitcoin is able to do all kinds of things that it couldn’t before. Some projects have made Bitcoin compatible with smart contracts, enabling it to be used with the plethora of dApps in the decentralized finance (DeFi) space, and even allowing NFTs known as ‘Ordinals’ to be created on Bitcoin for the first time. Enter Ordinals - Bitcoin’s Own NFTs The success of Ordinals - which inscribe immutable data, such as texts, images and audio - onto a satoshi (the smallest unit of BTC) has been immense. Upon launch they clogged up the Bitcoin blockchain, causing exchanges such as Binance to temporarily halt withdrawals and bringing the Bitcoin network to a grinding halt. The impact of Ordinals was also felt off the blockchain. The idea of using the Bitcoin blockchain to create what is essentially an NFT (Ordinals share the same characteristics of immutability and non-fungibility) caused a rift between developers in the Bitcoin space. Bitcoin was supposed to be a payment network, said one faction. While others lauded this newfound ability to have the same kind of functionality, customization options, and value creation that they’d seen in the Ethereum ecosystem for years. While developers continue to debate the merits of Ordinals, users in the crypto space have apparently embraced them with open arms. Bitcoin Ordinals trading volume rose by an astonishing 2,834% leading into Q2 of 2023, climbing to $210.7 million. More than half a million trades were executed by over 150,000 unique traders, according to the latestdata by DappRadar. Overtaking Ethereum That flurry of activity led to Ordinals overtaking Ethereum NFTs in terms of trade volume. The top two NFT collections with the highest sales are Bitcoin Ordinals, according to data from CryptoSlam. Their combined sales of $27.2 million in the past 24 hours completely dwarf the nearest Ethereum NFT in third place, which recorded just $1.59 million worth of sales. Some have suggested that Bitcoin is currently in the process of flipping Ethereum when it comes to being the main home of NFTs in the crypto space based on the numbers above. However, the true impact of Ordinals on Bitcoin is much more far-reaching. As the author of the Ethereum white-paper, Vitalik Buterin, stated in regard to the Ordinals debate: “Ordinals are starting to bring back a culture of actually doing things. It feels like there's real pushback to the laser-eye movement, which is good.” The laser-eye movement refers to those who view Bitcoin purely as a payment system, and base their hopes of future profits on its adoption as a global payment rail. One of the main gripes many ‘laser-eye’ loyalists have had with Ordinals is their tendency to take up space on the Bitcoin blockchain that could have been used for payments. Building an Ecosystem Around Ordinals But the spirit of innovation fostered by the creation of Ordinals hasn’t stopped. Several ventures are under way that aim to refine the Ordinals landscape. One group of developers are trying to introduce a new BTC token standard - BRC-69 - aims to radically reduce the cost of minting and sending Ordinals, moving Ordinals away from the current BRC-20 standard on which they are based. Others are attempting to build a community mentality around the newfound Bitcoin NFTs, and kickstart an ecosystem of development that can put Bitcoin on a level with Ethereum in regards to its decentralized finance capabilities. A collection of some of the smartest minds in the blockchain space have come together to form The Ordinal Council, a group of builders, developers and executives who share the common goal of building out the Bitcoin ecosystem around Ordinals. The Ordinal Council is in the process of launching the first Bitcoin DAO to support grassroots talent and builders around Ordinals and BRC-20, and will form a Bitcoin incubator to help develop a raft of innovative use-cases on Bitcoin, such as gaming, metaverse, GameFi and DeFi projects — few of which have been possible on Bitcoin until now. The Council is set to unveil the first launchpad on Bitcoin - ToshiPad - in the next few weeks, and is in the process of executing its ‘Yellow Collection’ PFP drop, which aims to bring more users into what is already a burgeoning BRC-20 ecosystem. After years of inactivity, all it took was one little satoshi with something inscribed on it to kickstart a maelstrom of innovation and development on Bitcoin, and it’s turning the crypto space upside down. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice

With a vision to unite all of the ChainGPT products into one intuitive, user-friendly interface, and enable an engaging AI-powered experience for all Web3 participants, ChainGPT will be releasing the highly-anticipated V1 web application to the public. Starting on August 10, at 12:00 pm UTC, every participant of the crypto, blockchain, and Web3 space will have access to the most sophisticated AI with on-chain and off-chain capabilities to date. What is the ChainGPT V1? Acting as an AI powered operating system of fundamental tools for traders, investors, researchers, developers, and everyone in between, the ChainGPT V1 is a dashboard that encompasses the full suite of ChainGPT products including the NFT Generator, smart contract auditor, and chat assistant, with its ecosystem components including the ChainGPT DAO, the staking modules, and API access that will facilitate a new generation of informational management and discovery for all in the crypto and blockchain space. The ultimate hub for Crypto AI Tools. What are some of the V1 Features? Loaded with all of the individual products ChainGPT has released over the last few months, the V1 web app has a rich set of functionality that builds on previous versions of ChainGPT. AI Chatbot Already deployed throughout a multitude of Web3 communities via Telegram and Discord, the ChainGPT AI Chatbot has already become a staple as an interactive, dynamic database for engaging and entertaining users. With the release of the V1 the Chatbot is receiving an upgrade with new capabilities & bug fixes that supersede its predecessor beta version. Its capabilities now extend across a much broader range of sources for gathering live Web3 news and insights. It will be able to conduct much deeper, more granular market analysis through the application of technical indicators (such as the RSI and EMA) to aid traders and investors in their research. It has been tuned to track all major launchpad and IDO platforms, providing a more holistic view of the startup landscape. Initially having a surface level set of assets that were limited in scope, the upgraded chatbot has been plugged in to service over 5,000 coins/tokens (and will be constantly expanding). As it pertains to the bug fixes, all minor and major points of friction for the users have been mended. Response times have been compressed, accuracy has been calibrated for higher contextual fidelity, and error potential has been minimized. Master Dashboard User experience with slow, clunky and disorganized applications has kept many away from participating in the world of Web3; ChainGPT decided to approach this problem head on and was able to construct what might be the most complete AI interface in the industry. Integrating every $CGPT application, while being able to neatly package the visual elements without disrupting its aesthetics, the V1 dashboard is transforming user accounts into AI-powered Web3 operating systems. Automated AI Newsfeed Staying up-to-date in the fast paced crypto, blockchain, and Web3 space has been notoriously challenging, until now. The first (and only) of its kind, ChainGPT’s automated AI newsfeed has been developed from the ground up to deliver the most complete informational experience. Scanning the entire internet, the ChainGPT AI newsfeed aggregates all the leading trusted outlets and social sources, digests the information, and produces succinct summarizations in an comprehensive manner. Prompt Marketplace An AI is only as useful as the prompt that it is given. Quickly becoming one of the most sought after skills in the greater tech industry, prompting is a form of vernacular art; in fact prompts have become a digital asset class of its own. Catering to the evolving demands of AI communities, the V1 dashboard is equipped with its own prompt marketplace, becoming a focal point for the exchange of generative AI ideas. Users will be able to buy, bell, & trade prompts with the expansive $CGPT community; effectively adding a vector for users to monetize their skills. AI NFT Generator ChainGPT released the first ever AI NFT Generator on June 1st, with already over 4,500,000 NFTs generated! In the evolving landscape of digital art, ChainGPT's AI NFT Generator stands out as an avant-garde tool, seamlessly melding technology with artistic expression. With just a simple text prompt, this groundbreaking generator harnesses the power of advanced AI to bring to life high-quality NFT collections, ranging from distinctive single pieces to vast galleries of up to 10,000 NFTs, all within an astonishing 30 to 60 seconds. Offering unparalleled versatility, it supports a myriad of platforms including BNB Chain, opBNB Chain, Polygon, Avalanche, and Ethereum. While individual NFT creation and minting are graciously offered for free, those aiming to craft expansive 10,000 NFT collections can easily do so under the umbrella of ChainGPT's Freemium or Paid plans. The ChainGPT AI NFT Generator is not just a tool—it's a revolution, redefining the boundaries of what's possible in the world of NFT creation. AI Powered Solidity Smart-Contracts Auditor & Generator Navigating the intricate realm of Solidity smart-contracts just became remarkably intuitive with ChainGPT's cutting-edge AI models and tools. Whether you're looking to birth a new contract or rigorously assess an existing one, ChainGPT simplifies the process. Users can effortlessly generate tailor-made smart-contracts by merely articulating their requirements, eliminating the technical jargon and complexities traditionally associated with such tasks. Similarly, auditing a contract is now as straightforward as presenting its code to ChainGPT's AI. This innovation heralds a new era, making the creation and assessment of Solidity smart-contracts more accessible and efficient than ever before. Membership and Access The V1 release will be engaging a three tier membership system based on what applications and the degree of access that users desire to have. Free Plan The basic configuration of functions granted to every account on the V1. Restricted from the more advanced applications, the free plan provides limited access to five of the core applications including the General AI model (chatbot), the news feed, the Ask Crypto People app, Single NFT Generation, and participation in the prompt marketplace. PPP Plan The pay-per-prompt plan offers unlimited, flexible access to the entire application suite. Smart Contact auditing and generations, multi-NFT (collection) generation, the trading assistant, as well as everything in the free plan. Freemium Plan The Freemium plan requires that users accumulate 20,000 CGPTsp by staking $CGPT tokens. This plan provides 20,000 monthly CGPT credits for use as needed throughout any and every single application. In addition to the full product suite, users at the Freemium level will also be granted DAO proposal rights, allowing them to submit ideas for the ChainGPT DAO to vote on. In order to unlock the full spectrum of functionality, a user will be able to swiftly create their accounts by linking their Web3 wallets (Metamask, Trust Wallet, Rainbow wallet, etc..) About ChainGPT ChainGPT is the leading provider of AI-powered Infrastructure for the crypto, blockchain, and Web3 industry. From automated smart contract generation and auditing, to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market. ChainGPT Links:Website | AI App | ChainGPT Pad | WhitepaperDAO | NFT Generator | Staking v2 | Staking v1 | Blog Community and Social Media: Twitter | Telegram | Discord | Instagram | LinkedIn | Youtube | TikTok BD Contact Person(s): Jake Wallace / Cameron French / Ilan RakhmanovContact Email(s): [email protected] / [email protected] / [email protected] —> To learn more about ChainGPT visit the official ChainGPT.org website —> For all other inquiries, please contact [email protected] Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

OPNX, the newly launched crypto exchange by founders of the now-defunct Three Arrows Capital (3AC), has reportedly launched a bid to take over struggling crypto lender Hodlnaut. If the bid is approved, the deal could see an injection of around $30 million worth of FLEX tokens into Hodlnaut. A White Knight Investor For Hodlnaut? According to a report in Bloomberg, the OPNX exchange has made an offer to acquire 75% of the struggling crypto lender. The bid comes at a critical time for Hodlnaut, which is undergoing a restructuring plan under the supervision of a Singapore court. The deal would see a significant capital injection into Hodlnaut and would partially cover outstanding claims and creditor payouts. If the deal is approved, creditors will receive 30% of their claims in FLEX tokens and other cryptocurrencies. This offer also gives them a direct stake in the future potential of the entity being acquired. Alternatively, creditors also have the choice of opting for a pro-rata payment, allowing them to recover about 95% of the available corporate asset pool. According to OPNX, this option prioritizes the immediate financial recovery and stability of creditors. However, the bid is subject to approval from Hodlnaut’s creditors, who effectively hold the fate of the acquisition in their hands. The creditors’ decisions could also have a significant impact on the larger crypto-lending ecosystem. Unclear If Deal Goes Through So far, it remains to be seen if Hodlnaut’s creditors will accept the deal. Back in April, a significant majority of the struggling crypto lender’s creditors indicated their desire to liquidate the company. In a letter from the interim judicial manager (IJM), users representing 55.38% of creditors having claims of around 228.3 million Singaporean dollars ($170 million) have indicated that they prefer liquidation rather than restructuring. However, at the time, there was no source of fresh capital for the company. “There appears to be no indication of a white knight investor to date, and hence no prospect of any fresh capital injection.” Meanwhile, only users with around 2.42% of claims supported looking into the restructuring option. However, all of these claims belonged to company directors. A mediation proposal was also opposed by the major creditors of the company, including Samtrade Custodian and SAM Fintech, and the Algorand Foundation. Algorand has a $35 million exposure to Hodlnaut. The Hodlnaut Fiasco Hodlnaut halted all withdrawals in August 2022, as the turmoil in the crypto markets led to a significant liquidity crisis for the crypto lender. Eventually, the company entered into judicial management, temporarily protecting it against legal action. Following this, the company entered into a court-based restructuring process, shedding light on the extent of its financial difficulties. The company had stated at the time, “We are aiming to avoid a forced liquidation of our assets as it […] will require us to sell our users’ cryptocurrencies such as BTC, ETH, and WBTC at these current depressed asset prices.” With Hodlnaut struggling with the complexities of financial rehabilitation and creditor interests, founders Zhu Juntao and Simon Lee proposed selling the business as an alternative to liquidation, arguing it would result in a more favorable outcome for creditors. Furthermore, regulatory concerns have also compounded troubles, with figures associated with Hodlnaut and OPNX facing reprimands in Dubai for operating OPNX without the necessary local licenses. The OPNX Exchange And Its 3AC Connection The FLEX token is the native token of the CoinFLEX exchange, founded by Sudhu Arumugam and Mark Lamb. Arumugam and Lamb are also the co-founders of OPNX, a crypto claims trading marketplace. Other co-founders of OPNX include Kyle Davies and Su Zhu, who founded the now-bankrupt crypto hedge fund Three Arrows Capital. Creditors are pursuing both Zhu and Davies in the US over bankruptcy proceedings. The legal team representing creditors filed a motion urging that Davies be held in contempt of court for wilfully ignoring a subpoena connected to the firm’s bankruptcy proceedings. Creditors have alleged that Davies is purposely delaying asset recovery. However, the motion does not apply to co-founder Su Zhu, who, thanks to his Singaporean nationality, is not subject to the jurisdiction of US courts. 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.

The world of cryptocurrencies is a dynamic landscape, characterized by constant price fluctuations and market movements. Recent events have seen Bitcoin Cash (BCH) experience a significant 25% decline, leaving investors to ponder their next moves. As the crypto market responds to these shifts, savvy investors are exploring alternative options that offer greater potential for profits. One such option that has been garnering attention is Borroe ($ROE), a project with an innovative fundraising ecosystem and a growing buzz in the crypto community. Let’s delve into the potential advantages of considering $ROE for investment amid Bitcoin Cash's downturn. Innovative Fundraising Ecosystem: Borroe's Transformative Approach Borroe's AI-powered funding marketplace revolutionizes the fundraising landscape, empowering content creators and participants in the Web3 space to generate instant cash flow by selling future recurring revenue NFTs (Non-Fungible Tokens). This cutting-edge approach aligns perfectly with the evolving nature of fundraising in the crypto space, positioning Borroe as a transformative force in the market. Moreover, Borroe's commitment to creating a decentralized and peer-to-peer ecosystem resonates with the crypto community's desire for inclusivity and user empowerment. By fostering a community-driven platform, Borroe paves the way for a new era of fundraising and investment. AI-Powered Risk Assessment: A Pillar of Trust Security is a paramount concern in the crypto world, and Borroe addresses this with its integration of AI-powered risk assessment. By leveraging advanced technology, the project ensures a secure and efficient fundraising process, instilling confidence and trust among investors. This emphasis on safety and reliability makes $ROE an attractive option for those seeking dependable investment opportunities. Liquidity-Driven Solutions: Empowering Investors and Content Creators Borroe places significant emphasis on liquidity-driven solutions, offering seamless trading and liquidity options for future recurring revenue NFTs. This dynamic feature not only benefits investors by providing flexibility but also empowers content creators with a platform to access liquidity, enhancing the overall appeal of $ROE as an investment prospect. The Buzz around Borroe: A Massive Turnout for the Presale Amidst the crypto market's ever-changing landscape, Borroe has generated a massive buzz in recent weeks. Its Beta presale witnessed an overwhelming response from investors, with $250,000 worth of $ROE tokens sold in just five days. Early success has reinforced the project's popularity and potential, making it a top contender in the crypto investment space. With more than 28 million $ROE tokens sold the presale funding generated will be dedicated towards building its ecosystem and providing utility to $ROE holders. To ensure inclusivity, Borroe Finance has lowered the barrier of entry to the presale to enable anyone to take part in the event. In addition, there are multiple payment means to accommodate established crypto communities like BTC, ETH and BNB. Buy $ROE Presale Strategizing Amid Market Fluctuations Bitcoin Cash's recent decline has sparked discussions among investors about the best course of action. In times of market volatility, strategic decision-making is crucial for maximizing returns and managing risks. While some investors may opt to sell their BCH holdings, others are exploring alternative investment avenues, such as Borroe ($ROE), with its innovative fundraising ecosystem and positive market reception. As the crypto market continues to evolve, prudent investors will consider diversification strategies and explore projects that align with their long-term goals. Diligent research, risk assessment, and seeking professional advice are vital components of successful investment journeys in the crypto space. Explore the Borroe ($ROE) Presale: Buy Presale: https://borroe.finance/ Website: https://borroe.finance/ Telegram: https://t.me/borroe_finance Twitter: https://twitter.com/Borroe_Finance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Dubai, United Arab Emirates, August 3rd, 2023, ChainwireDubai has emerged as a global VDA hub and digital market convergence by 3.0 Verse will further benefit the global markets and users.In the dynamic world of large number of trading platforms and cryptocurrencies, the need for an intelligent, information driven and comprehensive user-friendly trade routing platform has never been more crucial. Today, 3.0 Verse is extremely happy to unveil from Dubai, its 3.0 Verse solution, a cutting-edge trade routing platform that brings together the best of both Centralized Finance (CeFi) (Binance, Huobi, Gate IO and OKX) and Decentralized Finance (DeFi) (AAVE, Compound, Curve, Uniswap, Sushi swap and Pancake swap).This innovative platform is poised to revolutionize the crypto trading experience, providing users with seamless access to multiple exchanges, decentralized protocols, information, analytics, BoTs and support ecosystem all from a single interface. The 3.0 Verse solution also has a media channel through 3.0 TV and an educational channel through 3.0 University.A World of Convenience and EfficiencyMulti-Market Trade Routing Platform- The heart of 3.0 Verse lies in its Multi-Market Trade Routing Platform, offering a ground-breaking solution to the fragmented trading experiences faced by crypto participants. This feature empowers users to effortlessly trade on renowned CeFi exchanges along with multiple DeFi platforms besides automated BoT Trading. The beauty of the platform is that a user can do all this from one unified screen and single technology infrastructure. With 3.0 Verse, gone are the days of multiple KYC verifications and the hassles of navigation between exchanges. Our platform consolidates the crypto trading experience and support system on a single platform.Empowering Traders with KnowledgeTrending Coin Monitoring and Market Calls In markets, knowledge is power. 3.0 Verse equips traders with invaluable insights through its Trending Coin Monitoring feature, tracking the hottest coins across CeFi platform, routing lending and borrowing or swapping based on most AI driven most efficient markets.Additionally, the pooled Market Calls feature offers a success rate of over 86% in the last five months, providing users with expert market analysis. Armed with curated content and timely information, traders can confidently make informed decisions. If the users desires to use trading strategies without manual intervention due to long trading hours then the users can use their desired Trading Strategies through the inbuilt trading BoT."In an ever-evolving crypto landscape, convenience and significance are paramount for crypto participants. 3.0 Verse aims to revolutionize the trading experience, uniting CeFi and DeFi on one intuitive platform. At 3.0 Verse, we believe that curated content, market news, data and analytics is instrumental in guiding the users towards smart and informed trading decisions. We constantly enrich the crypto community through 3.0 Verse, 3.0 TV and 3.0 University. With this pioneering trading platform, we aspire to open new doors of opportunities for all crypto enthusiasts." said Mr. Mayur Poddar, Director of 3.0 Verse.The Technology The 3.0 Verse solution is a technology wonder as it handles massive real-time market prices, data, news, orders, trades, queries, analytics, BoTs processing, index computation and education content of LMS of 3.0 University, videos of 3.0 TV, from multiple sources and then aggregates, disseminates and confirms transaction online real time 24/7 with extremely low latency. The 3.0 Verse solution is robust, fault-tolerant, auto-scalable architecture and highly secure with Google Cloud Armour.3.0 Verse invites all crypto enthusiasts and traders to embark on a transformative journey. With its intuitive interface, inclusive access to CeFi and DeFi, and expert market insights, users can navigate the crypto universe with ease and confidence.Mr. Mayur Poddar, added: "3.0 verse App is a technology innovation designed to converge global market ecosystem, efficiency and ease of operation for the users trading in virtual digital asset class. We are happy to have strategic collaborations with the ecosystem partners to ensure that end users have seamless access to markets and services. We are open to partnerships with multiple partners who wish to reach end clients with their products or service as our efforts are collaborative and in the interest of the end users. With a focus on technology innovation, information analytics, and user-centric convenience, we aim to empower individuals to navigate the crypto universe with confidence and ease and yet make informed choice."The TV interview on 3.0TV can be found here– https://youtu.be/QpGViKhwyhYAbout 3.0 Verse3.0 verse is a one-of-a-kind global digital super app, which brings multiple crypto exchanges on a single platform. Users can leverage unparalleled and unprecedented benefits by accessing the world’s top CeFi and DeFi exchanges on a single dashboard. Trusted by more than 3 million users across the crypto industry, 3.0 verse is on an indefatigable mission to create an ever-growing ecosystem of digital asset class trading that can transform lives.ContactDirectorMayur Poddar3.0 [email protected]

The Enhanced Dai Savings Rate is based on DSR utilization, and could boost the stablecoin yield as much as 8%.

The decision was driven by the country's increasing worry about illicit activities in the crypto market and the desire to safeguard investors.

The decision was driven by the country's concern over illicit activities in the crypto market and the desire to safeguard investors.

Over the last year, leaders in the European Union have been vocal about their desire to stay on top of the latest developments in Web3.

A small number of unelected individuals in Washington D.C. are exercising alarming authoritarian power as regulators, counter to the Big Apple’s stated desire to move from antiquated financial systems to digital ones, writes Omer Ozden.