Crypto News

Injective unveils CW-404 standard with DojoSwap. CW-404 enables fractional NFT ownership, starting with the Sushi Fighter NFT collection. Aiming to attract Ethereum’s investment, Injective pioneers new blockchain standards. Injective, a Layer 1 blockchain, has unveiled its latest move in the world of digital assets with the introduction of the CW-404 standard. This development, in collaboration with decentralized exchange DojoSwap, aims to revolutionize the landscape of non-fungible tokens (NFTs) and token standards. CW-404 standard: fractional ownership to NFTs Injective’s CW-404 standard mirrors the highly acclaimed ERC-404 standard, known for its groundbreaking approach to NFTs on the Ethereum blockchain . CW-404 combines elements from the CW-20 and CW-721 standards, paving the way for fractional ownership of NFTs. This innovation makes NFTs more accessible to a wider range of users and unlocks a plethora of financial possibilities within the digital asset space. The Sushi ...

Binance Labs, the venture capital arm of Binance, has invested in Renzo. Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for Ethereum restaking protocol EigenLayer. Binance ’s venture capital arm has announced it invested in Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. Binance Labs’ announcement that it invested in Renzo comes on the same day as news of venture capital firm a16z’ $100 million investment in EigenLayer. EigenLayer is an Ethereum restaking protocol with a TVL of of $7.8 billion as of February 22, 2024. Read more: a16z invests $100 million in Ethereum restaking protocol EigenLayer . Binance Labs seeks to boost Liquid Restaking space Renzo Protocol is the liquid restaking hub for EigenLayer, with its technology key to the trustless collaboration between various ecosystem players on EigenLayer. Binance Labs seeks to help stakers, node operators and Actively Validated Services (AVS) on Renzo collaborate better within an env...

Regulatory reforms in Japan boost JasmyCoin’s bullish sentiment. Bitcoin Dogs introduces unique gaming and social experience in the canine crypto world. Bitcoin Dogs’ 0DOG token presale is underway with limited supply. JasmyCoin (JASMY) and Bitcoin Dogs have recently made headlines with their remarkable performances. JasmyCoin, Japan’s leading cryptocurrency project, has witnessed an impressive surge in value, while Bitcoin Dogs , a new innovative platform on the Bitcoin blockchain , is grabbing attention with its unique features and the ongoing 0DOG token presale. Let’s delve into the details of these crypto phenomena and explore whether they present enticing investment opportunities. JasmyCoin’s meteoric rise: a tale of bulls and whales JasmyCoin’s recent price rally has left the crypto community buzzing. Over the past week, JASMY has experienced a staggering 199% surge, reaching $0.01863, marking a remarkable 265% growth in the last month. JasmyCoin price chart   T...

Key takeaways  Fundstrat’s Tom Lee believes that BTC’s price could hit $150k this year. Bitbot’s presale is now in the fourth stage and has already raised more than $650k. Bitcoin could reach $150k in 2024: Tom Lee The cryptocurrency market has been bullish since the start of the year, with Bitcoin touching the $50k level for the first time since 2021. With the bulls currently in control, many believe that BTC’s price could soar higher in the coming months. FundStrat head of research Tom Lee is one of those bullish analysts and he predicted that the leading cryptocurrency could touch $150,000 before the end year. If BTC’s price could triple in the coming months, this could be an excellent opportunity for investors to acquire more assets. One of the gems that could record massive gains in the coming months and years is Bitbot . This project will leverage the growing trading volume in the market to gain massive adoption.  What is Bitbot?  Before investing in t...

Binance has announced Web3 gaming project Portal (PORTAL) as the 47th project added to the Binance Launchpool. Users can stake BNB and FDUSD to farm PORTAL starting on February 22, 2024 at 00:00 UTC. Binance will add trading support for PORTAL at the end of the farming period. Binance has added the 47th project to its Launchpool with the introduction of crypto gaming platform Portal (PORTAL). An  announcement  the crypto exchange released on Wednesday stated that Binance Launchpool participants can now farm PORTAL by staking BNB and FDUSD. The seven-day program will then be followed by Binance’s listing of PORTAL spot trading pairs. According to Binance, farming for PORTAL will start on February 22 at 00:00 UTC, with trading support for the cross-chain gaming platform set for February 29 at 10:00 UTC. The exchange plans to list five spot trading pairs for the token – PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD and PORTAL/TRY. ⚡ Portal x @binance ⚡ The mom...

Pullix raises $7M in presale, nearing eagerly awaited launch. The presale is in the final stage and over 3 million tokens have already been sold. PLX token empowers users with passive income and trading discounts. Pullix , a pioneering force in decentralized finance (DeFi) , has garnered significant attention as it approaches the culmination of its presale phase. With $7 million raised thus far, Pullix stands poised to revolutionize the crypto trading landscape with its innovative hybrid exchange platform. As the presale’s final stage quickly progresses, anticipations are mounting for the much-anticipated launch of Pullix, which could signal a new era in crypto trading . Pullix: bridging centralized and decentralized trading Pullix introduces a novel approach to DeFi with its hybrid exchange, seamlessly integrating the strengths of centralized and decentralized platforms. At the core of the Pullix exchange lies the PLX token, which empowers users with passive income, trading d...

Brad Garlinghouse, CEO of Ripple, says that they are open to an XRP ETF. His comments come after the SEC approved spot Bitcoin exchange-traded funds (ETFs) in January and amid speculation over an XRP ETF. Ripple CEO Brad Garlinghouse has said the company would welcome an exchange-traded fund (ETF) for its token XRP.  The Ripple executive commented on this during an interview with Bloomberg, noting that the crypto industry will see more spot ETFs in future. According to Garlighouse, the SEC’s approval of spot Bitcoin ETFs in January this year was largely down to the regulator’s hand being forced. He highlighted the court’s decision in the Grayscale vs. SEC case as what pushed SEC Chair Gary Gensler to give the spot ETFs a nod. “ You know, the sad reality of what we saw with the Bitcoin ETF is it was only because the courts forced the SEC’s hand, and really chair Gensler’s hand, that we saw that [approval] finally come to fruition ,” he noted. Ripple okay with XRP ETF The...