bookmark_borderCCSwap 将于 20:00 上线 BSC,开启创世挖矿

链闻消息,CCSwap (CrazyCat)将于今日 20:00 在 BSC 上开启创世挖矿。此次供应总量 5000000 枚 CC Token,其中 CC/ETH、CC/WBNB、CC/BUSD、CC/CAKE、CC/BUNNY、CC/ALPACA、CC/XVS 7 个交易对的流动性挖矿,占此次供应总量 83%;USDT/BUSD、WBNB/BUSD 的流动性挖矿,占此次供应总量 6%;CC、BNB、BTC、BUNNY、ALPACA、XVS、CAKE、LOWB 8 个单币质押挖矿,占此次供应总量 11%。

CCSwap 是去中心化借贷式 AMM 复合交易协议,由 CCFOX Labs 参与投资并孵化。除了常规的交易功能之外,CCSwap 集合了流动性挖矿、借贷式流动性提供、链上永续合约交易、链上期权、交易挖矿、多链支持等特点,为用户提供去中心化的一站式体验,满足用户对于去中心化生态的不同需求。

原文链接:CCSwap 将于 20:00 上线 BSC,开启创世挖矿

bookmark_border哈萨克斯坦政府为发展加密货币市场制定路线图

链闻消息,据 cointelegraph 报道,哈萨克斯坦政府制定了路线图,以刺激该国的加密货币行业和区块链技术的发展。该国政府已审查解决加密货币行业发展的提案,并重新考虑监管加密货币运营的方法。政府官员建议通过 Astana 国际金融中心来运行加密货币交易所,并建立标准,加密货币交易所可以在标准下与本地银行和客户进行交互。

原文链接:哈萨克斯坦政府为发展加密货币市场制定路线图

bookmark_border基于 0x 协议的点对点交易协议 Sudoswap 推出 V2 版本

链闻消息,基于 0x 协议的点对点交易协议 Sudoswap 推出 V2 版本。升级包括:可设置任意比例的 ERC20 及 ERC721/1155 (NFT)标准的资产之间相互交易;可设置订单到期日期,订单在到期后将自动失效;可自定义设置接收者地址,与指定的地址完成交易。

原文链接:基于 0x 协议的点对点交易协议 Sudoswap 推出 V2 版本

bookmark_borderYearn Finance price nearly hits $70,000 — What’s driving the YFI bulls?

Traders have flocked into the Yearn Finance’s YFI markets as their upside opportunities in other top tokens subside.

A lackluster cryptocurrency market did little in offsetting Yearn Finance’s bullish bias as the price of its governance token YFI reached new record highs in USD terms on May 11 — just shy of $70,000.

YFI price hits new highs in USD

The YFI/USD exchange rate added $6,258, or 10.02%, to reach $68,748 ahead of the London opening bell. The pair quickly retraced lower as traders decided to realize their profits, hitting roughly $67,067 as of 0736 UTC. Nevertheless, the drop appeared marginal compared to the prevailing uptrend, hinting that YFI could continue its upward momentum following a short-term consolidation period.

The token performed equally well against Bitcoin (BTC), the flagship cryptocurrency whose own uptrend slowed down after hitting a milestone high of roughly $65,000 last month. Tuesday morning, the YFI/BTC exchange rate was near its five-month high of 1.192 BTC. Meanwhile, at its intraday peak, the pair’s bid was 1.247 BTC, up 58%.

YFI/BTC reaches 5-month high. Source: Tradingview

The massive upside moves in the Yearn Finance token market appeared as its top rivals underperformed severely. At first, Bitcoin continued to show weakness after failing to log a breakout above a psychological resistance level of $60,000. Its strong positive correlation with other top digital assets also pushed their prices lower.

For instance, Ether (ETH), the second-largest cryptocurrency by market cap, plunged back below $4,000 on profit-taking sentiment.

Meanwhile, the biggest losers on a 24-hour adjusted timeframe were Dogecoin (DOGE), XRP, Polkadot (DOT), and Litecoin (LTC). Each fell within the range of 9%-12%, again due to traders’ inclination to withdraw profits after the tokens’ supersonic price rallies in the previous sessions.

Yearn Finance’s YFI was comparatively weaker so far in 2021. The token would surge by almost 160% compared to its altcoin peers’ thousands of percentages worth of upside gains. For instance, Dogecoin remained a scene-stealer for most of the first and second quarters, rising by more than 19,000% to eventually outshine other large-cap altcoins.

Technically, YFI served as a hedge as the rest of the cryptocurrency market returned from their overbought levels. But looking closely, what worked in the favor for the Yearn Finance token — at least in the current quarter — is its ability to cast aside a flurry of its major issues.

Banking infrastructure for DeFi

In retrospect, Yearn had a rocky beginning in 2021. Its main problem heading into the year was funding deficits. The Yearn Finance group had no reserves set aside for its core contributors that limited it from gaining any upside exposure. Andre Cronje, the creator of the Yearn Finance protocol, even shared his frustration by writing a blog titled, “Building in DeFi Sucks”.

However, the following weeks witnessed huge community involvement to solve the reserves issue. The YFI holders introduced two proposals and passed them through a democratic vote. The first “Buyback and Build” upgrade assisted in introducing a buyback program that added YFI to their treasury for redistribution.

Meanwhile, the second “Funding Yearn’s Future” proposal minted 6,666 new YFI tokens to create the protocol treasury, with a primary focus on funding core contributors.

The next major upgrade came in the form of Yearn V2.  Its mid-January launch earlier met with negative reviews due to user interface issues. But the team responded promptly to address those concerns to a successful conclusion. In the months following the fix, the total value locked inside the Yearn Finance pool has climbed to $4.243 billion.

Source: Yearn.Science

The most notable changes Yearn V2 brought to the Yearn Finance protocol included a new fee structure, multi-strategy vaults, and highly differentiated strategies with the help of a new ecosystem partnership with Cream. YFI prices responded bullishly to the events.

Frax Finance,  a fractional-algorithmic stablecoin protocol, has added its fixed yield asset FXB to Yearn vaults. Meanwhile, Alchemix is also building a credit system atop their protocol, confirming that Yearn is becoming a banking alternative to the decentralized finance ecosystem.

Absolutely epic H6 close on $YFI, no other bnf futes showing this degree of rel strength at the moment, and $YFIBTC looking primed for continuation. pic.twitter.com/hutUBRONuJ

— cuban (@cubantobacco) May 11, 2021

The YFI rally takes its long-term bullish cues from the said growth prospects.

bookmark_borderShiba Inu hits another exchange as SHIB deposits overwhelm Binance

There’s a new dog in town, and it’s wasting no time in marking its territory.

Shiba Inu (SHIB) was listed on three different cryptocurrency exchanges in the past 48 hours, after an explosive 966% surge in the same time frame sent the token to 18th in the market cap rankings.

Self-described as the “Dogecoin Killer”, Shiba’s instant addition to Binance on May 10 surprised onlookers, many of whom expected a more in-depth listing process by the world’s largest crypto exchange.

What’s more, the fact that 50% of the SHIB token supply is in the hands of one individual made Binance’s decision to list the token immediately all the more surprising.

The Shiba team purposely sent 50% of the 1 quadrillion token supply to Ethereum co-creator Vitalik Buterin as a means to put the tokens out of circulation. The other 50% was apparently sent to the Uniswap app to provide liquidity. In doing so, the creators claim to have created a decentralized token, the fate of which will be decided solely by the market.

Binance founder and CEO Changpeng Zhao spoke out on the issue of Shiba Inu on Monday, telling his Twitter audience that the exchange was simply following user demand. Zhao said demand to trade SHIB was so high that Binance ran out of deposit addresses for the Ethereum based token:

“Some have voiced concerns about $SHIB listing. We follow users. There is a large number of users demanding it, to the point where we ran out of ETH deposit addresses due to SHIB today. Never happened before for any other ERC20 coin.”

“Not endorsing it. Super high risk. NFA,” he added.

Shiba Inu’s recent emergence came fresh on the back of the rise of Dogecoin (DOGE). Like Dogecoin, Shiba Inu is emblazoned with a variation of the Shiba Inu dog meme. Also like Dogecoin, Shiba awakened from months of inactivity to surge to what was an all-time high on April 20 (i.e. 4/20 day), the same day Dogecoin reached a then all-time high of $0.420.

But what is there to Shiba Inu except for funny dogs and crazy percentage gains? Well, the project’s “woofpaper” alludes to the creation of ShibaSwap, a decentralized exchange where SHIB holders will be able to swap tokens and take part in yield farming. The exchange is currently undergoing “security tests, audits and final updates,” according to the project’s website.

In addition to SHIB, the project also encompasses a multi-token system consisting of BONE and LEASH. All three are expected to be used as part of Shiba Inu’s yield farming feature.

In addition to Binance and FTX, the OKEx exchange also fell in line and listed Shiba Inu according to Tuesday’s press release.

OKEx CEO Jay Hao used the term “experimental” to describe the motivations behind the token listing, and declared a willingness to list “memetic” tokens.

“We are pleased to welcome Shiba Inu to the OKEx platform. I appreciate their experimental spirit, which is exactly what the blockchain and crypto space needs. As an exchange, we are delighted to be able to offer a diverse portfolio of cryptocurrencies, including memetic tokens,” said Hao.

CoinGecko, a cryptocurrency data aggregator with close to 100 million views per month, still hasn’t given Shiba Inu a proper listing. By all accounts, this is because it has thus far failed to determine accurate circulation numbers for the token.

We asked Binance how the presence of 500 trillion SHIB (worth over $15 billion) in Vitalik Buterin’s personal wallet affected their calculations of the token’s circulating supply. They refused to comment on matters relating to Shiba Inu.