OneRoot Network(RNT)

The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 7-March 13.

In the last 24 hours, Shiba Inu, the widely popular meme coin, witnessed a remarkable increase in its burn rate, with 8,241,856,589 SHIB tokens incinerated in a single transaction. The total Shiba Inu tokens burnt in this period reached 8,349,329,301, marking an astounding surge of over 7,686,774%.

Shiba Inu (SHIB) prices have significantly increased because traders have continuously burnt large amounts of tokens. The increased burning activity represents an upward trend for SHIB as the project gains traction among investors. Though the project experienced a marginal downfall, Shiba Inu’s stance remains bullish. InQubeta (QUBE) and Celestia (TIA) follow this positive trend and […]

According to data from the Token Unlocks web app, the unlock will occur this coming September 1, 2023. These 1.15 billion tokens will be worth approximately $57.5 million as of writing, as HBAR is currently trading at $0.05 according data from CoinMarketCap. Data also indicates that roughly 23.9% of the tokens will be allocated for ecosystem and open source development, 22.3% for purchase agreements, 14.8% on network governance and operations, and 7.7% for initial development costs and licensing. Despite initial challenges towards the end of the Q1 2023 due to an exploit in the Hedera mainnet, HBAR has seen a surge over the past two months. This is due to the recent integration of Hedera’s instant payment platform Dropp into the U.S. Federal Reserve’s FedNow platform as a service provider. FedNow introduced Dropp as an alternative to credit card payments, offering merchants the ability to accept small-value digital purchases without the burden of costly transaction fees. Dropp supports micropayments using HBAR, as well as the U.S. dollar and Circle's USDC, providing a pay-by-bank option for these transactions. Hedera has prided itself as the only public ledger to use the hashgraph consensus, making it a decentralized, open-source, proof-of-stake, EVM-compatible public ledger, using a leaderless consensus algorithm. This confers the network with the highest level of security and performance theoretically possible. Recerntly, it has also integrated ChatGPT for a more streamlined asset management and monitoring. It has also seen its userbase jump almost 300% from 3,500 to 13,500 by Q2 2023, year to-date, signalling . While the current metrics for the HBAR token warrant a cautious optimism, the potentialities latent in its integration of AI and the blockchain remain areas for speculation and enthusiasm. Investors and users should keep an eye on Hedera’s future plans after the unlock. 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.

According to data from the Token Unlocks web app, the unlock will occur this coming September 1, 2023. These 1.15 billion tokens will be worth approximately $57.5 million as of writing, as HBAR is currently trading at $0.05 according data from CoinMarketCap. Data also indicates that roughly 23.9% of the tokens will be allocated for ecosystem and open source development, 22.3% for purchase agreements, 14.8% on network governance and operations, and 7.7% for initial development costs and licensing. Despite initial challenges towards the end of the Q1 2023 due to an exploit in the Hedera mainnet, HBAR has seen a surge over the past two months. This is due to the recent integration of Hedera’s instant payment platform Dropp into the U.S. Federal Reserve’s FedNow platform as a service provider. FedNow introduced Dropp as an alternative to credit card payments, offering merchants the ability to accept small-value digital purchases without the burden of costly transaction fees. Dropp supports micropayments using HBAR, as well as the U.S. dollar and Circle's USDC, providing a pay-by-bank option for these transactions. Hedera has prided itself as the only public ledger to use the hashgraph consensus, making it a decentralized, open-source, proof-of-stake, EVM-compatible public ledger, using a leaderless consensus algorithm. This confers the network with the highest level of security and performance theoretically possible. Recerntly, it has also integrated ChatGPT for a more streamlined asset management and monitoring. It has also seen its userbase jump almost 300% from 3,500 to 13,500 by Q2 2023, year to-date, signalling . While the current metrics for the HBAR token warrant a cautious optimism, the potentialities latent in its integration of AI and the blockchain remain areas for speculation and enthusiasm. Investors and users should keep an eye on Hedera’s future plans after the unlock. 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.

Decentralized finance (DeFi) protocol Curve is offering a $1.85 million reward to anyone who can identify the exploiter responsible for draining over $61 million from its pools on July 30. This announcement was made after the deadline for the voluntary return of funds expired. The exploiter used vulnerable versions of the Vyper programming language to launch reentrancy attacks on targeted stable pools, leading to significant losses. Following the attack, Curve and other affected protocols offered a 10% bug bounty to the exploiter, totaling more than $6 million. In response, the hacker returned stolen assets to two projects, Alchemix and JPEGd, but did not refund other affected pools. What is a reentrancy attack?A reentrancy attack, the method used by the exploiter in this case, is a common security vulnerability in smart contracts, especially those running on blockchain platforms like Ethereum. In a nutshell, a reentrancy attack allows an attacker to repeatedly call a functiorn in a smart contract while a previous call to that same function has not yet finished executing. The Vyper programming language, which was used to build the targeted stable pools in this case, is a contract-oriented language similar to Solidity, another popular language for writing smart contracts on Ethereum. While Vyper is designed with a stronger emphasis on security and simplicity, it is not immune to reentrancy attacks, which are a pervasive problem in the world of smart contracts. During a reentrancy attack, an exploiter can drain funds from a contract by recursively calling a function that withdraws funds. In this case, the exploiter managed to drain more than $61 million from several of Curve's stable pools, illustrating the severity of the attack and the poterntial impact of these types of vulnerabilities in the DeFi space. The incident underscores the importance of proper security practices and rigorous code review in the development of smart contracts. Despite the relative maturity of DeFi, the risk of smart contract vulnerabilities like reentrancy attacks remains, necessitating ongoing vigilance and robust security measures from DeFi projects.What's at stake for Curve Finance? Curve has now extended its bounty to the public, promising a reward equivalent to 10% of the remaining exploited funds (currently $1.85 million) to anyone who can identify the exploiter in a way that results in legal conviction. However, the firm has stated that it will not pursue the issue further if the exploiter chooses to return the stolen funds in full. Prior to returning some of the funds, the exploiter had sent a message to the Alchemix and Curve teams, stating that they were refunding the money not because the teams could find them, but because they didn't want to ruin the projects. The July 30 attack targeted several of Curve’s pools, including those of Alchemix, JPEGd, and Metronome, resulting in significant losses. The exploit exposed vulnerabilities across DeFi projects and triggered industry-wide efforts to recover stolen funds. 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.

Decentralized finance (DeFi) protocol Curve is offering a $1.85 million reward to anyone who can identify the exploiter responsible for draining over $61 million from its pools on July 30. This announcement was made after the deadline for the voluntary return of funds expired. The exploiter used vulnerable versions of the Vyper programming language to launch reentrancy attacks on targeted stable pools, leading to significant losses. Following the attack, Curve and other affected protocols offered a 10% bug bounty to the exploiter, totaling more than $6 million. In response, the hacker returned stolen assets to two projects, Alchemix and JPEGd, but did not refund other affected pools. What is a reentrancy attack?A reentrancy attack, the method used by the exploiter in this case, is a common security vulnerability in smart contracts, especially those running on blockchain platforms like Ethereum. In a nutshell, a reentrancy attack allows an attacker to repeatedly call a functiorn in a smart contract while a previous call to that same function has not yet finished executing. The Vyper programming language, which was used to build the targeted stable pools in this case, is a contract-oriented language similar to Solidity, another popular language for writing smart contracts on Ethereum. While Vyper is designed with a stronger emphasis on security and simplicity, it is not immune to reentrancy attacks, which are a pervasive problem in the world of smart contracts. During a reentrancy attack, an exploiter can drain funds from a contract by recursively calling a function that withdraws funds. In this case, the exploiter managed to drain more than $61 million from several of Curve's stable pools, illustrating the severity of the attack and the poterntial impact of these types of vulnerabilities in the DeFi space. The incident underscores the importance of proper security practices and rigorous code review in the development of smart contracts. Despite the relative maturity of DeFi, the risk of smart contract vulnerabilities like reentrancy attacks remains, necessitating ongoing vigilance and robust security measures from DeFi projects.What's at stake for Curve Finance? Curve has now extended its bounty to the public, promising a reward equivalent to 10% of the remaining exploited funds (currently $1.85 million) to anyone who can identify the exploiter in a way that results in legal conviction. However, the firm has stated that it will not pursue the issue further if the exploiter chooses to return the stolen funds in full. Prior to returning some of the funds, the exploiter had sent a message to the Alchemix and Curve teams, stating that they were refunding the money not because the teams could find them, but because they didn't want to ruin the projects. The July 30 attack targeted several of Curve’s pools, including those of Alchemix, JPEGd, and Metronome, resulting in significant losses. The exploit exposed vulnerabilities across DeFi projects and triggered industry-wide efforts to recover stolen funds. 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.

Following Ripple's partial victory over the SEC, it was ruled XRP does not constitute a security concerning programmatic sales. What is a realistic price prediction following this decision, and what is it based on? Popular Twitter personality Shannon Thorp was recently asked to give a price prediction for XRP with no time frame or a set idea of circulating supply or the dollar amount it equates to. Thorp has noticed a trend among the XRP followers (the #XRPArmy as they are better known on Twitter) and found the camp to be divided. One side bases their future views and prediction based solely on charts, taking guidance from past price action and trends that Bitcoin – the biggest crypto by market cap, follows to determine short-term price predictions. The other side bases their views on Ripple and XRP's utility. This camp of XRP supporters is of the opinion that partnerships and the replacement of "antiquated systems" will determine XRP's price. People have long asked what will be the price of $XRP, when will this “utility” come? In my opinion, now more than ever I see a divided #XRPArmy! One side looking at only charts, taking cues from the past and trends that follow Bitcoin to draw short term price predictions. Whilst… — Shannon Thorp (@thorpshannon87) July 29, 2023 Thorp believes no side is correct since XRP does not constitute a security. In Ms Thorp's view, it is wrong to continue making price predictions for XRP as a "security." After the XRP ruling, the FedNow announcement and the US Congress passing its proposed crypto regulation bill to Senate, estimates of XRP's future price have come under question. Vahil Capital released a white paper on XRP's price, which indicates XRP's price could reach anywhere between $3,500 and $21,900. Vahil based its predictions on two years of research and six distinct quantitative models. The VC firm's prediction has been met with shock and scepticism, to say the least, and this apprehension is based on chart analysts stating the chart does not allow for such a prediction. Ms Thorp was quick to call out an issue with the charts: She argues that if a range for XRP is set at $1.00 - $5.00, what it ultimately means is that if one company owned all the XRP tokens in circulation, then yes, it would mean that that company in possession of all 100 billion tokens would have a Liquidity Strength of (LS) anywhere between $100B - $500B - bear in mind that is a burn rate for every transaction regardless of the amount. An LS such as this does not factor for economic growth, messaging and settling and does not account for the benefits of using XRP. Thorp explains the situation concerning SWIFT – SWIFT is one of the systems Ripple aims to improve on. As it stands, SWIFT handles 44.8 million messages in a day, does not include settlements, and at this point, is only half of what Ripple can do. Based on a $7 trillion value for SWIFT in a day (not 24/7 or 365). She suggests that if Ripple, in its ten years of innovation and partnerships, has only gained 30% of SWIFTs value, it would put XRP's daily value at $2.1 trillion (about 13.2 million messages). XRP settles in 1 -5 seconds, and the liquidity would be there. However, settlements are fast, but if a user were to send a $750 million transaction with an LS of $1.00, for argument's sake, it equates to 10% of all that bank's XRP. To determine a price prediction, Thorp follows the following logic: Considering all banks globally, all the XRP that has been burnt through other transactions, all the XRP tokens all its holder own, and all the XRP given to other large banks and the XRP tokens awarded to its creators. Then account for the XRP on liquidity hubs and exchanges and present an amount representing a range, using 50B-75B XRP at any one-time support LS. Then spread that across 300 -1000 banks, liquidity providers and governments. The math follows: 75 billion XRP at $1.00 amounts to $75 billion. Take $75B and divide by 1,000 banks equals $75 million XRP/dollars for each bank or liquidity provider. Further, assume big banks hold more XRP than small banks, and small banks would use liquidity providers. Then consider that Ripple has released all the XRP tokens to reach a circulating supply of 75 billion. LS would be $75M per bank, and a top-tier bank such as J.P. Morgan moves more than $8 trillion a day and considers service overlaps with SWIFT and the assumption that Ripple only has 10% of the market ($800 billion). This movement only accounts for cross-border transactions, not CBDCs, derivatives, real estate, NFTs and technical parallels. Vahil Capital's price prediction and logic do not seem so outrageous anymore. Thorp finally comes to her own price prediction. The Twitter personality has placed her prediction anywhere from $100 - $500 in the short term of four to seven months. She argues that it all comes down to LS if XRP is $100 at a supply of only 50 billion, which equates to an LS of $5 trillion and at $500 makes an LS of $25 trillion. The logic is that this gives the market room to grow and breathe and ensures that no one company needs to own billions of XRP tokens for day-to-day operation. XRP Is On the Rise But Has Not Even Reached $1 While the ruling was highly bullish for XRP, and the price soared over 100% following Judge Torres's order, it has not continued its momentum. XRP reached a high of $0.84 on July 19 but currently trades at $0.66. 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.

Following Ripple's partial victory over the SEC, it was ruled XRP does not constitute a security concerning programmatic sales. What is a realistic price prediction following this decision, and what is it based on? Popular Twitter personality Shannon Thorp was recently asked to give a price prediction for XRP with no time frame or a set idea of circulating supply or the dollar amount it equates to. Thorp has noticed a trend among the XRP followers (the #XRPArmy as they are better known on Twitter) and found the camp to be divided. One side bases their future views and prediction based solely on charts, taking guidance from past price action and trends that Bitcoin – the biggest crypto by market cap, follows to determine short-term price predictions. The other side bases their views on Ripple and XRP's utility. This camp of XRP supporters is of the opinion that partnerships and the replacement of "antiquated systems" will determine XRP's price. People have long asked what will be the price of $XRP, when will this “utility” come? In my opinion, now more than ever I see a divided #XRPArmy! One side looking at only charts, taking cues from the past and trends that follow Bitcoin to draw short term price predictions. Whilst… — Shannon Thorp (@thorpshannon87) July 29, 2023 Thorp believes no side is correct since XRP does not constitute a security. In Ms Thorp's view, it is wrong to continue making price predictions for XRP as a "security." After the XRP ruling, the FedNow announcement and the US Congress passing its proposed crypto regulation bill to Senate, estimates of XRP's future price have come under question. Vahil Capital released a white paper on XRP's price, which indicates XRP's price could reach anywhere between $3,500 and $21,900. Vahil based its predictions on two years of research and six distinct quantitative models. The VC firm's prediction has been met with shock and scepticism, to say the least, and this apprehension is based on chart analysts stating the chart does not allow for such a prediction. Ms Thorp was quick to call out an issue with the charts: She argues that if a range for XRP is set at $1.00 - $5.00, what it ultimately means is that if one company owned all the XRP tokens in circulation, then yes, it would mean that that company in possession of all 100 billion tokens would have a Liquidity Strength of (LS) anywhere between $100B - $500B - bear in mind that is a burn rate for every transaction regardless of the amount. An LS such as this does not factor for economic growth, messaging and settling and does not account for the benefits of using XRP. Thorp explains the situation concerning SWIFT – SWIFT is one of the systems Ripple aims to improve on. As it stands, SWIFT handles 44.8 million messages in a day, does not include settlements, and at this point, is only half of what Ripple can do. Based on a $7 trillion value for SWIFT in a day (not 24/7 or 365). She suggests that if Ripple, in its ten years of innovation and partnerships, has only gained 30% of SWIFTs value, it would put XRP's daily value at $2.1 trillion (about 13.2 million messages). XRP settles in 1 -5 seconds, and the liquidity would be there. However, settlements are fast, but if a user were to send a $750 million transaction with an LS of $1.00, for argument's sake, it equates to 10% of all that bank's XRP. To determine a price prediction, Thorp follows the following logic: Considering all banks globally, all the XRP that has been burnt through other transactions, all the XRP tokens all its holder own, and all the XRP given to other large banks and the XRP tokens awarded to its creators. Then account for the XRP on liquidity hubs and exchanges and present an amount representing a range, using 50B-75B XRP at any one-time support LS. Then spread that across 300 -1000 banks, liquidity providers and governments. The math follows: 75 billion XRP at $1.00 amounts to $75 billion. Take $75B and divide by 1,000 banks equals $75 million XRP/dollars for each bank or liquidity provider. Further, assume big banks hold more XRP than small banks, and small banks would use liquidity providers. Then consider that Ripple has released all the XRP tokens to reach a circulating supply of 75 billion. LS would be $75M per bank, and a top-tier bank such as J.P. Morgan moves more than $8 trillion a day and considers service overlaps with SWIFT and the assumption that Ripple only has 10% of the market ($800 billion). This movement only accounts for cross-border transactions, not CBDCs, derivatives, real estate, NFTs and technical parallels. Vahil Capital's price prediction and logic do not seem so outrageous anymore. Thorp finally comes to her own price prediction. The Twitter personality has placed her prediction anywhere from $100 - $500 in the short term of four to seven months. She argues that it all comes down to LS if XRP is $100 at a supply of only 50 billion, which equates to an LS of $5 trillion and at $500 makes an LS of $25 trillion. The logic is that this gives the market room to grow and breathe and ensures that no one company needs to own billions of XRP tokens for day-to-day operation. XRP Is On the Rise But Has Not Even Reached $1 While the ruling was highly bullish for XRP, and the price soared over 100% following Judge Torres's order, it has not continued its momentum. XRP reached a high of $0.84 on July 19 but currently trades at $0.66. 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.

Starknet, an Ethereum Layer 2, has disclosed the initiation of "appchains," a framework designed to enable developers to construct several application-specific blockchains within the Starknet ecosystem. The innovative project is in alignment with the growing trend of modular networks in the Layer 2 ecosystem, spearheaded by projects like Optimism, Polygon, zkSync, and Arbitrum. A New Era For Application-Specific Chains Developers can harness Starknet Stack, the native developer toolkit of Starknet's ecosystem, to create these appchains, using STARK proofs to boost security. Central to this toolkit is Cairo, a programming language developed by the StarkWare team, bearing similarities to Rust. In a recent blog post, Starknet revealed that the use of appchains could offer developers an enhanced performance, a claim further supported by Starknet's recent v0.12.0 upgrade on the mainnet, which reportedly amplified network performance. Advancing Customization For Devs A unique aspect of appchains lies in their capability to support features currently not present on Starknet's main network. This includes features like custom fee market logic and consernsus mechanisms, among others. This flexibility can potentially grant developers the ability to customize their application's configurations and functionalities, thus offering a greater degree of control over their projects. "Starknet Appchains are the bespoke environment where applications can tailor an instance of Starknet to achieve better control over the specs, lower cost, greater scale, and opt-in privacy," the firm shared. The team underscored the escalating interest in application-specific blockchains, tailored to meet customized requirements. They stated: "The need for appchains has been apparent for several years and is now getting renewed attention." Starknet's introduction of appchains represents a significant milestone in the blockchain landscape, enhancing developers' capacity for customization, and making the ecosystem more versatile and adaptable to specific application requirements. Such a move signals a key step towards a more decerntralized, diversified, and performance-oriented blockchain environment. 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 cryptocurrency market is known for its volatility, with prices of various coins fluctuating daily. While OKB has experienced a decline in value, Tradecurve has recorded a significant price increase. Keep reading to find out why. >>BUY TCRV TOKENS NOW<< Summary OKX has burnt $258M worth of OKB tokens OKB unable to see a noticeable […]

Circle, the issuer of the USD Coin (USDC) stablecoin, has announced the operationalization of its Cross-Chain Transfer Protocol (CCTP) on Arbitrum, a Layer 2 scaling solution for the Ethereum network. This integration enables faster and more secure transfers of USDC across several blockchain networks, including Ethereum, Avalanche, and now Arbitrum. Enhanced Functionality with CCTP CCTP facilitates the movement of USDC across different blockchain networks by employing a burn-and-mint mechanism. Native USDC tokens on the original chain are burnt, and an equivalent amount is minted on the receiving chain. This mechanism enhances the efficiency and security of USDC transfers. Arbitrum is the third chain to support CCTP, and the protocol is live on the official Arbitrum Bridge. The addition of CCTP to Arbitrum follows Circle's recent announcement of a native version of its stablecoin on the Arbitrum network. Integration with Other Protocols Several other bridge projects and interoperability-centric protocols, such as Celer Network, Li.Fi, Wormhole, O3 Labs, Wanchain, and Router Protocol, have incorporated CCTP into their systems. These integrations enable USDC transfers via their respective platforms. Notably, the integration of CCTP with Arbitrum is expected to replace the traditional "lock-and-mint" bridging process typically used for transferring tokens between chains. This conventional mechanism has been associated with security issues in the past. Using CCTP instead can expedite bridge transfers, improving efficiency and security. The Growth of USDC USDC is currently the second-largest centralized stablecoin in the market after USD Tether, boasting a supply close to $28 billion. Its increasing adoption and the integration with Arbitrum underline the significant role it plays in the crypto landscape. Circle expressed its enthusiasm for the CCTP integration with Arbitrum in a series of tweets. The company highlighted that the integration simplified the process of moving USDC natively to Arbitrum, enabling direct transfers to and from Ethereum and Avalanche. As a many-to-many messaging protocol, CCTP can now burn and mint USDC through six unique routes between its three supported chains. Each new chain added automatically connects to all existing CCTP chains. Users receive native USDC with CCTP, eliminating the need for lock-and-mint bridging. This development brings added security and capital efficiency to the process of sending USDC across supported chains. The protocol also allows for a swift return of USDC to Ethereum, bypassing withdrawal delays when moving liquidity from Layer 2 solutions to Layer 1. Circle's CCTP offers developers the opportunity to build applications offering native cross-chain deposits, swaps, purchases, and more. As such, the integration promises significant improvements to the cross-chain capabilities of the ecosystem. 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.

$CatGPT is launching its own NFT collection on its website, CatGPT.Nexus, where you can try him yourself and interact with our A.I Overlord. Are you ready to join the feline revolution? Meet $CatGPT, the world&rsquo;s first AI cat-ledEthereum token and NFT collection from a development team based in the UK. CatGPT is an ambitious project that aims to take over the web3 space with its unique vision and personality. $CatGPT is not your ordinary token. It is powered by a sophisticated artificial intelligence that can generate content and communicate with his own unique personality. $CatGPT is also the leader of a loyal community of cat lovers who share his passion for world domination and innovation. The collection will feature 5,000 unique cyborg cat avatars that represent CatGPT&rsquo;s army of followers. The NFT collection will go live on 16th of June 2PM EDT. The minting price will be payable in $CatGPT tokens and all tokens received will be burnt. The demand is expected to be high, so don&rsquo;t miss this opportunity to join the cat revolution and support CatGPT&rsquo;s mission. To learn more about CatGPT, visit his website at CatGPT.Nexus or follow us on Twitter at @CatGPT__ETH. You can also join the Telegram group https://t.me/CatGPTETH to chat with the community. CatGPT is more than just a token. It is a movement. A movement that will change the web3 space forever with feline world domination! Are you in? Contact: Development team [email protected] Website: https://www.catgpt.nexus/ Twitter:https://twitter.com/CatGPT__ETH 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.

Road Town, BVI, June 7th, 2023, ChainwireDigital asset trading platform LBank Exchange is to list the ELMOERC (ELMO) token. The ELMO/USDT trading pair will officially go live on LBank at 9:00 UTC on Jun 9, 2023.ELMOERC (ELMO) is a memecoin project whose token features a unique "burn and earn" mechanism. The listing of ELMO on LBank Exchange will expand its global footprint and support deeper liquidity.The ELMO token imposes a 10% tax on DEX trades and 6% on CEX trades, mechanisms that support a robust circular economy. The goal of ELMOERC is to become the ultimate memecoin through a rapidly reducing supply, utility, and accessibility.The team behind ELMO intend to introduce staking, NFTs, and many other features. Long-term diamond holders are rewarded through substantial burns funded by taxes imposed on sellers. Whenever someone sells, the total supply reduces, increasing demand for the remaining circulating supply due to scarcity.About ELMO TokenELMOERC is a memecoin with an aggressive burn mechanism that has seen 125M tokens burnt since its launch. This is implemented via a 10% tax on DEX trades. ELMO started out with a total supply of 1 billion, but 500 million of these tokens were burned prior to launch. There is a 0% tax on buying, a 10% tax on selling, liquidity is locked, ownership has been renounced, and team tokens have been secured under lock.Learn MoreOfficial Website | Telegram | Twitter | ContractAbout LBankLBank 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.comCommunity & Social Media:Telegram lTwitter lFacebook lLinkedIn lInstagram lYouTubeContactLBK Blockchain Co. [email protected]

Also: Bitcoin and volatility have a tricky relationship. BTC steadies below $28K after dip.

Bit4You learnt of CoinLoan's insolvency on April 24 and that it no longer has the necessary registration as a digital asset custodian.