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Optimism slid as much as 10% in the week leading up to a scheduled token unlock that will see 24 million OP tokens released onto the market. The price of Optimism’s native OP token is leading losses among the top 50 cryptocurrencies, falling as far as 10% on the week ahead of a $30 million token unlock . According to data from token omics platform Token Unlocks, 24.16 million OP token s, which account for roughly 3% of the circulating supply — are scheduled to be unlock ed on Sept. 30. The next OP token unlock is scheduled for Sept. 30. Source: Token Unlocks At current prices, the unlock will see a little more than $30 million worth of OP tokens hit the market, with $15.49 million going to core contributors and $14.26 million set aside for investors. Token unlocking events form a core part of many main cryptocurrency projects, with many teams choosing to gradually release tokens to the market instead of unleashing them all at once. Typically however, unlocking events are viewed by...

SafePal’s native token SFP is up nearly 40% in one month , driven by strategic partnerships and soaring trading volume. SFP, the native token of the crypto wallet platform SafePal, is experiencing a remarkable uptick in value. At the time of writing, it has surge d by 17% in just one week and an impressive 36% over the past month .  SafePal price on Sept. 5 | Source: CoinMarketCap What is SafePal? SafePal is a comprehensive crypto wallet suite founded in 2018. Backed by industry giants like Binance and Animoca Brands, the platform has a global user base exceeding 10 million. SafePal offers a range of crypto asset management solutions, including cross-chain swapping, trading, and yield-generating tools. The SFP token, a decentralized BEP-20 and ERC-20 utility token, acts as the growth engine of the SafePal ecosystem. It offers multiple use cases, from purchasing SafePal products at a discount to seamless gas conversion across chains. The platform supports 15 languages and ...

Quiztok (QTCON), the native token of the fast-growing chatbot project, has rallied by over 237% in the last seven days. This substantial surge has solidified the token ’s position as the top gainer among the 500 largest crypto assets. Commencing in July, QTCON’s recent surge followed a subdued first half of the year. Despite intermittent upswings in the broader crypto market, the token lingered below the crucial $0.0024 threshold, dampened by bearish sentiment and waning investor interest. The asset’s initial upward movements began in June as it saw a resurgence of interest from market participants. However, this ascent maintained a moderate pace until July, coinciding with a series of ecosystem developments associated with the project. You might also like: Kraken dominates US altcoin market liquidity in July The Quiztok development team unveiled a range of initiatives during Q2 2023. These encompassed an AI-driven quiz system and the Quiztok non-fungib...

DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon. Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. DeLabs, the NFT firm behind y00ts, announced via its X (Twitter) account on Aug. 9 it will soon be migrating to Ethereum in line with its DeGods NFT collection. 1. y00ts will be migrating to Ethereum. — y00ts (@y00tsNFT) August 9, 2023 The NFT collection had mostly migrated from Solana to Polygon in April. The move was first initially announced in December, with the migration starting officially on March 28. By March 30, Polygon announced 11,633 of a total of 15,000 y00ts NFTs had been bridged. DeLabs said the move was to unite its y00ts community with its DeGods community. DeGods had also announced it would be bridging off Solana in December and similarly began its migration from Solana to Ethereum ...

Despite the prevalent consolidation observed across the market , the Rari governance token (RGT) has rallied by over 26% in the last 24 hours. The recent up surge comes after the asset traded within a range for the most of last month. RGT is up 26.27%, which ranks 788 on CoinMarketCap (CMC), and has witnessed higher gains over the past 24 hours than the majority of mainstream assets on the top 100 list. RGT price – July 3 | Source: CoinMarketCap Notably, bitcoin (BTC) is seeing a meager 0.45% increase. This impressive rally has skyrocketed the token to a two-month high of $0.76. You might also like: On-chain data suggests the rise of long-term BTC investors The rari governance token’s bullish momentum picked up at the start of July, per CMC data, following an observable spike in its value on July 2. This spike was preceded by an extensive consolidation that continued throughout June. The market-wide rally in June provided minimal support for the asset. Not...

The wallet developer also raised $4.5 million from HackVC and other firms to further advance ZK-based enterprise solutions. Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch a mainnet later this year. According to the announcement, Demox also raised $4.5 million from investors to further develop ZK-proof technology through Aleo and other networks. Over 40,000 users signed up for the Leo wallet waitlist in the period leading up to its debut. Congratulations to Demox Labs, creators of @theLeoWallet for securing $4.5m in funding. We are proud to have a top-notch team building the future of privacy on @AleoHQ https://t.co/4P5bNVx4Ea — Aleo (@AleoHQ) June 2, 2023 The funding round was led by venture capital firm ...

Bitcoin and select altcoins continue to face selling at higher levels, a sign that the bears have not yet given up. The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the wallets linked to the defunct cryptocurrency exchange Mt. Gox and the United States government. A minor positive is that Bitcoin and select altcoins held their respective support levels. After Bitcoin’s sharp rally in 2023, some traders seem to be planning to book profits. Coinglass reported that the Bitcoin balance held at Binance soared by 50,000 Bitcoin in the past 30 days. While this could add to short-term pressure, bulls can take solace because the increase is not identical across exchanges. Coinglass said that the aggregate increase of Bitcoin balance across exchanges was 14,000 Bitcoin. Daily cryptocurrency market performance. Source: Coin360 The next major event for the market is likely to be the U.S. Federal Reserve’s meeting on...

Last week, crypto investment products witnessed their largest influx since July 2022. Inflows during the period summed up to $160 million and brought to light the growing investor confidence. However now, it seems like large institutional investors have started exercising vigilance as a precautionary measure.   According to CoinShares’ latest weekly report, crypto and other digital asset investment products saw positive flows summing up to “a lackluster” of $2.5 million. In fact, the trading volume in investment products has fallen by 33%, when compared to the prior week. Last week, $127.5 million flowed into Bitcoin. The environment was “fairly supportive,” according to CoinShares, for the largest asset noted inflows worth $8.8 million. Alongside, short-Bitcoin products noted negative flows, indicating that institutions continue to have Bitcoin’s back. Source: CoinShares Also Read: $135 Million Flows Into Bitcoin, Solana, XRP, MATIC: Highest Since July 2022 XRP lead...

Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community. Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community, leading many to come back to crypto roots, reviving the Bitcoin white paper published just weeks after the Lehman Brothers meltdown in 2008.  It's truly amazing how many people are scared that a couple Banks went down. Someone tell these people WHY BITCOIN WAS CREATED. — Toby Cunningham (@sircryptotips) March 11, 2023 "There’s an entire generation of builders who only read about Lehman and the financial crisis and scoffed at Bitcoin. Now, their eyes are wide open. Welcome new friends," stated on Twitter Ryan Selkis, founder and CEO of Messari.  in shock that is all the SPEED at which all of this is happening is unbelievable — Meltem Demirors (@Melt_Dem) March 10, 2023 Approximately six weeks after the dramatic collapse of the...

Universities in the U.K., including Cambridge, Imperial, Edinburgh, Oxford and University College London, offer blockchain-related programs. Universities in the United Kingdom have started offering cutting-edge research programs, courses and practical experience in various aspects of blockchain technology, including cryptocurrencies, smart contracts, privacy, security and scalability. Students who graduate from these programs will be well-equipped with the knowledge and skills necessary to become leaders in the field of blockchain technology and drive innovation and adoption in various industries. Here are top five universities to study blockchain in the United Kingdom. University of Cambridge The University of Cambridge is a public research university located in Cambridge, and its Cambridge Centre for Alternative Finance (CCAF) is a leading research center in the field of alternative finance, which includes research on blockchain and cryptocurrencies.  The CCAF conducts research on ...

Blur’s liquidity heist on OpenSea continues as each project competes in royalties, fees and decentralized governance. Blur, a NFT marketplace, has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14, 2023. The reason for the spike could be the start of season 2 airdrops, where 10% of BLUR token’s total supply will be distributed to certain users based on their activity. The team allocated 12% toward an early user airdrop in the first season that ran from the marketplace’s gated launch in March 2022 to February 2023. Blur trading volumes (in ETH). Source: Dune  Blur has made a significant dent in OpenSea’s position as the leading market place. Analytics from data scientist Hildobby shows that Blur is eating into the market share of OpenSea and other aggregators like X2Y2. Blur's incentive program and advanced NFT trading Features are causing users to shift from OpenSea to Blur. The share of NFT marketplaces by trading volume. S...

Tether's USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin. The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs.  BUSD market cap drops by $2 billion The SEC asserts that BUSD, a U.S. dollar-backed stablecoin , is a security, noting that Paxos has violated investor protection laws by white-labeling it. Related:  Paxos ‘categorically disagrees’ with the SEC that BUSD is a security Since Feb. 13 when the news broke, the BUSD market cap has lost roughly $2 billion, down to around $14 billion as of Feb. 16 — the lowest since January 2022.  BUSD circulating supply. Source: Messari As Cointelegraph reported, Binance has seen its withdrawals and BUSD redemptions surge post-Paxos crackdown. USD Coin market cap...