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[New York Pre-Market Check] U.S. PCE Inflation Index in Focus... Market Uncertainty Persists
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[New York Pre-Market Check] U.S. PCE Inflation Index in Focus... Market Uncertainty Persists

2025-03-28 20:51
# Pre-Market Highlights: Key Themes for Wall Street Investors ## U.S. PCE Inflation Gauge in Focus U.S. equity futures dipped ahead of Friday’s opening bell as investors exercised caution fueled by tariff uncertainty and anticipation of pivotal inflation data. The Personal Consumption Expenditures (PCE) Price Index for February is scheduled for release today. Given the Federal Reserve’s upward revision of inflation projections recently, this data set will be instrumental in assessing whether inflationary pressures persist. Economists surveyed by Dow Jones expect the February PCE to show a 0.3% increase month-over-month and a 2.5% rise compared to the same period last year. On Thursday, Wall Street closed lower. The Dow Jones Industrial Average shed 155 points, or 0.4%, while the S&P 500 and Nasdaq Composite dropped 0.3% and 0.5%, respectively. ## Trade Uncertainty Lingers Investor sentiment has also been clouded by former President Donald Trump’s provocative statement on trade. Trump suggested imposing a 25% tariff on all cars not manufactured in the U.S., rekindling concerns about trade policy disruptions. Adding to market jitters, signs of a potential consumer spending slowdown have intensified worries over economic deceleration. Lauren Goodwin, chief market strategist at New York Life Investments, told CNBC, “Until uncertainties surrounding policy dissipate, market volatility is likely to persist. Next week may prove pivotal, but for now, clouds of uncertainty remain.” ## Big Tech Escalates Humanoid Robotics Race U.S. tech giants, including Tesla and Nvidia, are racing to advance humanoid robotics development. Proponents argue the technology will form the backbone of future economies. However, experts warn that China might already be gaining the upper hand in this sphere. Humanoid robots, designed to emulate human form and movement powered by artificial intelligence (AI), have diverse applications across industrial and service sectors. Jensen Huang, CEO of Nvidia, recently unveiled the company's humanoid robotics portfolio and declared, “The dawn of the era of general-purpose robots.” His comments have sparked heightened investor interest in the sector. ## Futures and Key Market Metrics As of early trading, Dow Jones Futures slipped 0.13%, Nasdaq Futures fell 0.31%, and S&P 500 Futures declined 0.17%, according to CNBC. Meanwhile, the U.S. Dollar Index, tracked by *The Wall Street Journal*, inched up 0.14% to 104.49. The 10-year Treasury yield eased 3.2 basis points to 4.334%. Crude oil benchmark WTI Futures rose marginally by 0.04%, trading at $69.93 per barrel.
Solv Protocol(SOLV) Co-Founder Ryan Chow Donates Additional 1 Million KRW for South Korea Wildfire Recovery
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Solv Protocol(SOLV) Co-Founder Ryan Chow Donates Additional 1 Million KRW for South Korea Wildfire Recovery

2025-03-28 19:48
# Solv Protocol Co-Founder Ryan Chow Donates 2 Million KRW to Aid South Korea Wildfire Recovery Ryan Chow, co-founder of Solv Protocol ($SOLV), has donated a total of 2 million KRW to support recovery efforts following the devastating wildfires in South Korea. On March 27 (local time), Chow took to his X (formerly Twitter) account to express his concern over the severity of the wildfires, stating that he became fully aware of the situation through a post by Korean crypto influencer “CoinGachiInvestment” and subsequent discussions with his Korean colleagues, which led him to take action. # An Initial Donation Inspired by Colleague's Appeal Chow shared that he was deeply moved by his Korean colleague's statement, "My homeland, South Korea, is in danger," which spurred him to make an initial donation of 1 million KRW to Hope Bridge Korea Disaster Relief Association. A situation report released the following day revealed that the wildfire had devastated an area of 52,300 hectares—an increase of 9 percent within just 24 hours. The disaster led to 65 injuries and forced the evacuation of approximately 10,000 people. In response to these alarming figures, Chow made an additional donation of 1 million KRW to bolster support for firefighting personnel and on-site emergency responders. # Raising Awareness Through Action Chow expressed his belief in the power of raising awareness, noting, "This amount is merely a drop in the ocean compared to what has been lost, but I believe increasing awareness can bring strength." He also mentioned that his Korean colleagues compiled a list of verified donation channels, including Hope Bridge, for those looking to contribute to the cause. Chow invited anyone interested in lending help to reach out for further information. # A Message of Solidarity and Support Beyond the financial contributions, Chow underscored his solidarity with South Korean wildfire response forces and victims. "Solv Protocol can’t make it rain, but we’re ready to join as one of the many raindrops," said Chow, signaling the company’s unwavering support for the country’s recovery efforts. Meanwhile, a Korean employee at Solv Protocol emphasized the significance of individual contributions during such crises, saying, "Even a single bucket of water can make a big difference when facing wildfires." The employee also urged for continued attention and sustained support from the community. The wildfires have posed a critical challenge to South Korea, and efforts like Chow's serve not only as financial aid but also as a rallying cry for more collective action and global solidarity.
AI Privacy Protection and Computational Acceleration at Once… Aeronyx Ventures into New AI Infrastructure – SOON Spotlight
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AI Privacy Protection and Computational Acceleration at Once… Aeronyx Ventures into New AI Infrastructure – SOON Spotlight

2025-03-28 19:15
# Aeronyx Targets Simultaneous Solutions for AI and Privacy Protection with Proprietary Network Architecture Amid growing demand for artificial intelligence (AI) capabilities and enhanced data privacy, Aeronyx is leveraging its proprietary network architecture to address these dual challenges. Evolving from its roots as a Decentralized Physical Infrastructure Network (DePIN), Aeronyx has developed into a privacy-focused AI acceleration layer. The platform combines on-chain privacy routing technology with advanced GPU resource management systems to enhance both security and computational efficiency across various applications, including AI-driven chat functions, model training, and high-speed computing. # Network Architecture for AI Privacy Protection At the core of Aeronyx's technology lies blockchain-enabled Onion Routing and data sharding techniques, designed to safeguard user information such as conversations, search patterns, and activity histories from external exposure. This structure is geared toward mitigating potential security risks tied to the use of AI services, particularly those involving sensitive personal or corporate data. Aeronyx also provides enterprises with a secure computational environment for leveraging proprietary data during AI model training. The platform incorporates advanced cryptographic tools such as ECDSA, ECDH, and AES to protect data integrity and confidentiality. Aeronyx supports complex tasks like large-scale model inference, computer vision operations, and neural network training. # DePIN Acceleration Architecture and Aledger Expansion Strategy Aeronyx differentiates itself further through its proprietary DePIN architecture, which maximizes computational efficiency. Features such as smart-contract automation, consensus-based optimization, and real-time load balancing enhance processing speed and resource utilization. The platform integrates mathematical models to optimize resource allocation across the network. Additionally, Aeronyx is driving broader participation in its network with its RWA (Real World Asset)-based hardware solution, Aledger. Aledger enables users to transform hardware devices into mining nodes, transition from service users to network stakeholders, and facilitate decentralized value flows. This approach represents a departure from traditional telecom network models and has been instrumental in the platform’s expansion. # Key Metrics and Network Growth Recent activity within the Aeronyx network shows steady growth. The number of active wallets reached 78,287 on Faucet and 77,459 on Synx, recording week-over-week increases of 6.4% and 3.1%, respectively. Transaction volumes also rose, with Faucet reporting 120,624 transactions and Synx 162,713 transactions, reflecting increases of up to 9.9% compared to the previous week. The total number of nodes in the network stands at 61, with staked assets amounting to approximately 534 quadrillion units. The number of delegators has grown to 83,143, marking a consistent upward trend. Usage patterns for active wallets and transactions vary by time, yet the network continues to expand steadily. As staking participation rises alongside user-base growth, Aeronyx is solidifying its position in the AI privacy protection infrastructure market.
Changpeng Zhao Highlights 'SOON': "Solana SVM on BNB Chain"
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Changpeng Zhao Highlights 'SOON': "Solana SVM on BNB Chain"

2025-03-28 18:40
# Binance CEO Highlights Deployment of Solana Virtual Machine on BNB Chain Changpeng Zhao (CZ), the founder of Binance, expressed his surprise and enthusiasm over the integration of the Solana Virtual Machine (SVM) into the BNB Chain. On March 28, CZ tweeted, “How did I miss this? Now, SVM apps can deploy directly on BNB Chain. Build!” The headline-grabbing innovation is credited to a project developed by Soons, known as the “svmBNB” mainnet. The svmBNB framework enables Solana’s SVM environment to function on the BNB Chain by decoupling and integrating it as a separate layer. Transactions and settlements are processed within the BNB Chain, and gas fees are paid in BNB. This structure allows Solana developers to work in their familiar ecosystem while leveraging the security and broader ecosystem of the BNB Chain. # Combining Solana's Performance with BNB's Security The svmBNB structure preserves Solana's execution environment while carrying out block generation, validation, and settlements on the BNB Chain. This innovative design falls under the emerging category of modular blockchain architectures, specifically employing a “decoupled” model that separates execution and consensus functions. Soons emphasized that this model ensures both high performance and reliability. Developers can build diverse dApps, taking advantage of rapid execution speeds, low transaction fees, and high throughput. The versatility of svmBNB makes it particularly suitable for meme tokens, automated trading bots, high-performance AI models, and responsive gaming applications. # Testnet Results: 10x Faster Than Solana Prior to its official launch, svmBNB underwent rigorous testing on its testnet. The reported results were impressive, with 2.53 million active wallets, 20.6 million total transactions, and an average block generation time of just 50 milliseconds. Soons claims these metrics showcase a transaction processing speed that is over ten times faster than Solana’s. Contrary to traditional blockchains that frequently encounter bottlenecks during surges of meme token activity or event-driven traffic, svmBNB maintains millisecond-level transaction times even under concurrent high-volume activity. This performance is critical in trading environments requiring high liquidity and rapid response times. # From Concept to Mainnet in Just Two Months The svmBNB mainnet was developed at an extraordinary pace—conceptualized and launched within just two months. This rapid development cycle demonstrates Soons’ capability as an infrastructure leader in the blockchain sector. Under its “Super Adoption Stack” strategy, Soons is advancing multi-chain expansion. Central to this strategy are the Soons Mainnet, Soons Stack, and InterSoons, which aim to boost compatibility while maintaining Solana Virtual Machine specifications. Soons has collaborated with Anza, a spin-off organization from Solana Labs, to retain seamless interoperability with other blockchains while preserving core SVM functionality. # Star-Studded Investor Lineup The Soons project has attracted considerable attention and investment from blockchain industry leaders. Its backers include Anatoly Yakovenko, co-founder of Solana Labs; Lily Liu, chairman of the Solana Foundation; Jonathan King, partner at Coinbase Ventures; Mustafa Al-Bassam, co-founder of Celestia Labs; Abrit Kumar, co-founder of AltLayer; and Prabal Banerjee, co-founder of Avail. Joanna Cheng, co-founder and CEO of Soons, spearheads the project with extensive experience in the crypto industry since 2017. Her prior roles include business development and partnerships at Coinbase, Optimism, and Aleo, highlighting her influence in the blockchain space. # SVM’s Role in the Next Stage of the Meme Market The BNB Chain has seen a surge in meme token transactions recently, often leading to network slowdowns and skyrocketing fees. These limitations negatively impact the user experience. However, by addressing these bottlenecks at the execution layer, svmBNB positions itself as a potential breakthrough platform to sustain the next wave of meme token growth. Soons stated, “By combining BNB Chain’s security, TVL (total value locked) scale, and user base with SVM’s ultra-fast transaction capabilities, we can drive cultural and community growth without encountering technical bottlenecks.” # A New Era of Blockchain Design The emergence of svmBNB is not merely a technological development; it represents an experimental shift in blockchain architecture through the separation of execution and settlement. CZ’s focus on this innovation underlines a significant industry takeaway—the Solana Virtual Machine can now operate seamlessly on the BNB Chain. This marks a pivotal step toward greater cross-chain interoperability and scalability.
Terraform Labs to Launch Cryptocurrency Loss Compensation Claim Portal on March 31
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Terraform Labs to Launch Cryptocurrency Loss Compensation Claim Portal on March 31

2025-03-28 18:20
# Terraform Labs Opens Portal for Crypto Loss Claims Amid Bankruptcy Proceedings Terraform Labs, the embattled blockchain firm behind Terra USD(UST), has announced the launch of a claims portal on March 31, as part of its ongoing bankruptcy process. The portal aims to facilitate compensation claims for investors who suffered losses following the collapse of UST. # Kroll Restructuring Administration to Manage Claims Portal Managed by Kroll Restructuring Administration LLC, the portal will be accessible through claims.terra.money. According to the company, the claim submission deadline is set for April 30 at 11:59 PM Eastern Time. Investors should note that no claim submissions will be accepted beyond this date. Eligible claimants must have incurred losses from specific cryptocurrency investments. The full list of eligible cryptocurrencies can be viewed in the portal under the section “Schedule I — List of Eligible Loss Cryptocurrencies.” However, assets with on-chain liquidity below $100, as well as certain assets like Luna 2.0, are excluded from compensation eligibility. # Submission Process and Verification Requirements The claims process will take place entirely online through the dedicated portal. Claimants must first register on the portal and then verify their holdings using one of the following methods: 1. **Wallet Signature:** Proof of ownership can be validated through wallet signatures on verifiable blockchains, such as the Terra chain. 2. **API Key Submission:** For assets held on exchanges or platforms, providing a read-only API key is recommended. 3. **Transaction History:** Submission of detailed trading records. Manual evidence submissions are permitted but may result in longer review periods and carry a higher risk of claim rejection. After submitting a claim, the Terra Wind Down Trust will review and notify claimants of the results within 90 days. Claim outcomes can either be accepted or disputed by the claimants. Upon acceptance, distributions will be processed promptly on a pro-rata basis among creditors. # Precision and Compliance Emphasized Claimants are required to provide accurate and complete information regarding their asset holdings and transactions. Providing false or incomplete data could lead to claim denial. Additionally, identity verification will be mandatory to facilitate the distribution of funds. Regarding the estimated figures, Terraform Labs projects compensation payouts between $184.5 million and $442.2 million, translating to approximately 245.4 billion to 588.2 billion KRW, depending on verified claims. # Additional Resources and Support Detailed instructions for the claims process are available on the official Terra bankruptcy documentation site (dm.epiq11.com/case/terraform). For portal access issues, claimants can reach out to Kroll via email at terraforminfo@ra.kroll.com. For queries related to the compensation process, claimants should contact the legal advisory team of the Terra Wind Down Trust at tfl_clc_distributions@kirkland.com. Investors within the Terra community are urged to complete their claims by the deadline to secure eligibility for compensation. ### Conclusion This initiative marks a significant step in Terraform Labs’ efforts to resolve its bankruptcy proceedings and address the losses of affected investors. With a clear claims process in place, the onus is now on claimants to meet the deadlines and requirements to ensure their inclusion in the compensation distribution.
Four Meme Coins Promoted by Binance… Listing Decided by Vote
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Four Meme Coins Promoted by Binance… Listing Decided by Vote

2025-03-28 18:00
# Binance Lists Four Meme Coins Through 'Vote to List' Campaign Binance has announced the listing of four meme coins on its platform, leveraging the BNB Chain-based "Vote to List" campaign. The newly listed coins are Mubarak(MUBARAK), Broccoli(BROCCOLI), Tutorial(TUT), and BananaforScale(BANANA). All four tokens will be assigned the “Seed” tag, indicating their early-stage status. The exchange emphasized that while the final decision was influenced by user voting, other factors were also considered. "The listing wasn't solely determined by the number of votes but also reflected a comprehensive evaluation of the projects' credibility and past performance," Binance stated. Meanwhile, CreatorBid(BID), which ranked second in voting, was ultimately excluded from the final listing decision. # Bitcoin Slips to $85,000 Range in Asian Markets Bitcoin(BTC) experienced a sharp decline, falling to the $85,000 range within Asian trading hours. According to Cointelegraph, three main factors are driving the downturn in Bitcoin's price: continuous selling pressure from short-term holders, reduced market liquidity, and a lack of new demand. Bitcoin held by short-term investors in a loss position has reached 3.5 million BTC, the highest level since 2018. Additionally, on-chain activity indicators, such as transaction volume and the number of active addresses, have declined, further reflecting a lack of market momentum. # SEC’s Paul Atkins Signals Flexible Regulatory Approach Paul Atkins, the nominee for the next chair of the U.S. Securities and Exchange Commission (SEC), has hinted at a more flexible approach to regulation. Atkins stated, "I aim to establish a reasonable and consistent principle-based regulatory framework," signaling openness to dialogue with the industry—a marked contrast to the contentious tenure of former Chair Gary Gensler. However, Atkins’ past advisory roles in the cryptocurrency sector have raised concerns about potential conflicts of interest, which could pose challenges during his confirmation process. # GameStop Announces $1.3 Billion Convertible Bond for Bitcoin Strategy In a bold move, GameStop has revealed plans to issue $1.3 billion in convertible bonds to finance the acquisition of Bitcoin(BTC). CEO Ryan Cohen indicated that the company’s financial strategy has drawn inspiration from Michael Saylor’s Bitcoin-focused playbook at MicroStrategy. Following the announcement, GameStop's stock experienced high volatility. Shares surged 12% immediately after the Bitcoin acquisition plan was made public but tumbled more than 13% the following day, underscoring market uncertainty regarding the strategy.
Bitcoin, 110K Dollar Outlook Shaken by Key Weak Indicators
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Bitcoin, 110K Dollar Outlook Shaken by Key Weak Indicators

2025-03-28 17:50
# Bitcoin Faces Headwinds as Key Indicators Signal Weakness, Casting Doubts on $110,000 Recovery Bitcoin(BTC) is showing bearish signals across major indicators, raising questions over its ability to break past the $110,000 resistance level. On-chain metrics and broader analyses suggest the cryptocurrency is losing upward momentum, according to blockchain and economic research. On October 27, Capriole Investments, led by Charles Edwards, reported continued declines in its proprietary “Bitcoin Macro Index,” as cited by Cointelegraph. This index employs machine learning to analyze on-chain and macroeconomic data, excluding price data, to assess Bitcoin's relative value. Charles Edwards commented on social media, stating, “The Bitcoin Macro Index is creating lower highs, leading to bearish divergence. This isn’t encouraging.” The bearish divergence began to emerge toward the end of 2023, despite Bitcoin’s price hitting new local highs. Historically, such divergence has marked potential long-term tops during bull markets, raising concerns about Bitcoin’s trajectory. # On-Chain Metrics Indicate Growing Volatility Independent analysis points to Bitcoin entering a phase of pronounced volatility in both the short and medium term. According to on-chain analytics firm CryptoQuant, several key metrics—including Market Value to Realized Value (MVRV), Net Unrealized Profit/Loss (NUPL), and the Inter-Exchange Fund Flow Index (IFP)—indicate increased market fluctuations. Burak Kesmeci, an analyst at CryptoQuant, noted in a recent report, “These indicators show Bitcoin is facing significant short- to mid-term volatility. However, it has not yet reached an overheated phase or a cyclical top.” The IFP metric, in particular, has been concerning, remaining in bearish territory since February without signs of recovery. Kesmeci added, “A meaningful recovery in Bitcoin's downtrend can only occur if the IFP surpasses its 90-day Simple Moving Average (SMA).” # Conservative Outlook in Futures and Options Market Sentiment in Bitcoin futures and options markets also reflects a cautious outlook. Price prediction markets are skeptical about Bitcoin surging past $138,000, even by 2025—underscoring the tempered expectations from institutional and retail investors alike. # Current Price Action As of 5:35 p.m. KST on October 28, Bitcoin is trading at approximately $85,070, down 2.9% over the past 24 hours, according to CoinGecko. Analysts suggest the cryptocurrency could face continued hurdles unless it regains momentum across both technical and on-chain indicators. The road to recovery for Bitcoin remains uncertain, as both macroeconomic challenges and weakening on-chain metrics weigh on its near-term prospects.
Verachain Implements PoL System, Annual Yield of iBERA Increases by 2661%
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Verachain Implements PoL System, Annual Yield of iBERA Increases by 2661%

2025-03-28 17:44
# Berachain Implements Proof of Liquidity System, Boosting Ecosystem Activity Berachain, a Layer 1 blockchain, has officially launched its Proof of Liquidity (PoL) system, bringing significant changes to its digital asset ecosystem. This new mechanism is fostering ecosystem revitalization by shortening reward cycles and driving yield increases, prompting attention within the decentralized finance (DeFi) community. On October 25, Berachain rolled out its PoL system, which allows users to provide liquidity and, in return, receive rewards while gaining opportunities to participate in governance activities. Users who deposit assets into Berachain's decentralized exchange (BEX) are rewarded with governance tokens called BGT. # A Deeper Dive into Berachain’s Token Economy The governance token, BGT, is one of three primary tokens in the Berachain ecosystem. It can be delegated to validators or used in governance voting but cannot be transferred. BGT is exchangeable with Berachain’s base token, BERA, on a 1:1 basis, although the conversion is strictly one-directional from BGT to BERA. Berachain’s base token, BERA, plays a critical role in the ecosystem by being used for transaction fee payments and validator staking. Meanwhile, the auxiliary token HONEY facilitates DeFi rewards within the ecosystem. # Enhanced Rewards and Rising APY The adoption of the PoL system has reduced the BGT reward distribution cycle from seven days to three days. This accelerated cycle has led to an immediate yet temporary increase in annual percentage yield (APY). For instance, the iBERA pool recently recorded an astonishing APY of 2,661%. Stablecoin activity within the ecosystem has also experienced substantial growth. As of October 26, the total stablecoin supply within the Berachain ecosystem exceeded $1.3 billion, while the HONEY token supply stood at $726 million, further demonstrating the platform’s growing traction. # Market Potential and Community Attention The Berachain community has highlighted the blockchain project as one of the most promising newcomers with a high potential for real-world application. With a relatively low circulating supply and a market capitalization of approximately $600 million, some analysts suggest that Berachain could be subject to upward market re-evaluation over time. Additionally, certain market observers speculate that BERA could serve as a stable store of value, even during periods of declining trading volume, further strengthening its appeal. # TVL and Market Performance Since the introduction of PoL, Berachain's total value locked (TVL) has increased by over $500 million, reflecting growing user participation and asset inflows. As of 5:40 PM (KST) on October 28, BERA was trading at $8.13 on Binance, marking a 0.28% decrease from the prior day. Berachain’s recent developments and robust ecosystem metrics underscore its potential to redefine liquidity management and governance within the blockchain space. For both investors and developers, the platform represents a noteworthy opportunity in the evolving DeFi landscape.
South Carolina, U.S., Withdraws Lawsuit Against Coinbase Staking
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South Carolina, U.S., Withdraws Lawsuit Against Coinbase Staking

2025-03-28 17:20
# South Carolina Drops Staking Lawsuit Against Coinbase, Following Vermont’s Lead South Carolina has officially withdrawn its staking-related lawsuit against cryptocurrency exchange Coinbase, marking a significant development in the ongoing legal battles involving digital assets in the United States. The state made the announcement on March 27, joining Vermont, which similarly dropped its claims last month. The case stems from a broader legal offensive initiated on June 6, 2023, when the U.S. Securities and Exchange Commission (SEC), alongside ten states including South Carolina, sued Coinbase for allegedly offering unregistered securities. Participating states included Alabama, California, Illinois, Kentucky, Maryland, New Jersey, Washington, and Wisconsin. Paul Grewal, Coinbase’s Chief Legal Officer (CLO), celebrated the withdrawal on X (formerly Twitter), writing, “This is not just a victory for Coinbase, but for American consumers. The dominoes keep falling, and staking will very soon be back for Coinbase users in South Carolina. We hope other states also reconsider their approach to regulation.” Grewal further noted that the lawsuit had prevented South Carolina residents from receiving an estimated $2 million in staking rewards, underscoring the financial impact on local consumers. # Strategic Digital Asset Preparedness Act Introduced in South Carolina In a related development, South Carolina introduced the "Strategic Digital Asset Preparedness Act" on the same day. The proposed legislation permits the state treasury to allocate up to 10% of its funds to investments in digital assets such as Bitcoin(BTC), signaling a more progressive stance toward cryptocurrencies. The dual announcements highlight evolving regulatory attitudes toward digital assets in the U.S., with some states stepping back from litigation and others exploring proactive measures to integrate cryptocurrencies into their financial frameworks.
Bitcoin Layer 2 BOB(BOB) Surpasses $300 Million in TVL... Poised to Become a DeFi Hub
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Bitcoin Layer 2 BOB(BOB) Surpasses $300 Million in TVL... Poised to Become a DeFi Hub

2025-03-28 16:55
# Bitcoin-Based Layer 2 Solution BOB Surpasses $300 Million in TVL, Pushing DeFi Expansion Bitcoin(BTC)-based Layer 2 solution BOB(Build on Bitcoin) is making significant strides in the decentralized finance (DeFi) sector, having surpassed $300 million in total value locked (TVL). Alexei Zamyatin, co-founder of BOB, announced that the platform’s TVL, which includes loans from Euler Finance and Avalon Finance($AVL), has exceeded the $300 million milestone. # Rising Through DeFi Rankings According to renowned DeFi analytics platform L2beat, BOB is making its mark as: - The seventh largest Layer 2 solution by TVL, excluding native tokens. - The fifth largest chain for Uniswap deployments, ranking above Binance Smart Chain and Optimism. - Third within the Superchain ecosystem, following Base and Optimism. # Hybrid Layer 2 Combining Bitcoin Security and Ethereum Smart Contracts BOB is a cutting-edge hybrid Layer 2 solution that merges Bitcoin’s robust security with Ethereum(ETH)’s advanced smart contract functionality. By employing zero-knowledge (ZK)-based rollup technology, BOB streamlines transaction processing while anchoring records on both Bitcoin and Ethereum blockchains. This dual design ensures both scalability and security. Recently, BOB announced the integration of OP Kailua, shifting its infrastructure from Optimistic Rollups to ZK-Rollups. The platform also plans to collaborate with firms such as Risc Zero and Boundless to upgrade from ZK fraud proofs to validity proofs, enhancing system efficiency. This transition is expected to significantly reduce withdrawal waiting times from seven days while lowering transaction fees to as little as $0.00012. Additionally, by incorporating Babylon Finality into ZK validity proofs, BOB aims to maximize Bitcoin’s security within its framework. # Decentralized Bridges: Revolutionizing Bitcoin in DeFi BOB is introducing a decentralized bridge built on BitVM, enabling seamless Bitcoin utilization on-chain without relying on centralized custodians like WBTC or cbBTC. Through the Bitcoin Virtual Machine (BitVM), conditional transactions can be executed without the need for smart contracts, fostering an environment where Bitcoin can be freely utilized in DeFi projects. The BOB team emphasized the importance of security and decentralization in bridge design, stating, “Our goal is to elevate Bitcoin’s utility in DeFi by creating a secure and decentralized solution. BOB is setting a new standard for practical Bitcoin integration.” # Pioneering a New Era for Bitcoin in DeFi Despite Bitcoin commanding over half of the total cryptocurrency market capitalization, its utility in DeFi remains underwhelming, constituting less than 1% of DeFi activity. To address this gap, initiatives like BOB are at the forefront of integrating Bitcoin liquidity into the DeFi ecosystem. Currently operating on its testnet, BOB is gearing up to launch its mainnet later this year. In tandem, the platform is expanding collaborations across the Ethereum ecosystem to support a broad range of financial services, including loans, trading, and staking, all using Bitcoin as collateral. Industry analysts note the potential of BOB’s growth trajectory to transform Bitcoin from a mere store of value into a key component of digital financial infrastructure. This could mark a critical technological inflection point for Bitcoin-based DeFi innovation.
Upbit, Bithumb, Coinone Designate HiFi(HIFI) as a Cautionary Trading Item
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Upbit, Bithumb, Coinone Designate HiFi(HIFI) as a Cautionary Trading Item

2025-03-28 16:37
# South Korean Crypto Exchanges Flag HiFi(HIFI) as Investment Warning Asset On March 28, leading South Korean cryptocurrency exchanges Upbit, Bithumb, and Coinone designated HiFi(HIFI) as an investment warning asset, citing investor protection concerns. HiFi was flagged under the oversight of the Digital Asset Exchange Alliance (DAXA), a coalition of South Korean cryptocurrency trading platforms. DAXA coordinates joint actions among member exchanges, including issuing investment warnings, designating assets for caution, and ending trading support to safeguard investors' interests. According to the exchanges, several deficiencies were identified in HiFi’s operational framework. This included inadequacies in its updated business plans, token issuance and circulation plans, and the current execution of its business activities. Upbit specifically noted, "HiFi has made arbitrary changes to significant matters without justifiable reasons, which could potentially harm users. Thus, we have designated the asset as an investment warning." In response, Upbit and Bithumb suspended deposit services for HiFi as of 3 p.m. (local time) on March 28. This designation period is expected to last approximately two weeks. A follow-up announcement regarding extension, removal of the designation, or termination of trading support is anticipated in the second week of April. Coinone also flagged HiFi as an investment warning item on the same day and issued a notice alerting users to a potential suspension of deposit services. Coinone further indicated that trading support for HiFi could be terminated should the outlined concerns fail to be addressed adequately. Once an asset is designated as an investment warning, each cryptocurrency exchange conducts an internal evaluation through explanatory procedures. Depending on the outcome, the exchanges will decide whether to extend the designation, lift it, or terminate trading support for the asset. This latest action underscores the heightened regulatory scrutiny by Korean exchanges, emphasizing investor protection amid the volatile digital asset landscape.
"Total Prize of 100 Million Won"⋯Upbit Hosts Quiz Event to Prevent Ponzi Schemes
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"Total Prize of 100 Million Won"⋯Upbit Hosts Quiz Event to Prevent Ponzi Schemes

2025-03-28 16:30
# Upbit Launches Quiz Event to Educate Investors on Ponzi Scheme Prevention Dunamu, the operator of South Korea's leading cryptocurrency exchange Upbit, announced on October 28 that the company will hold a Ponzi scheme prevention quiz event as part of its efforts to promote a safer and more reliable environment for digital asset investment. Upbit has recently taken proactive measures to protect investors from rising cases of Ponzi schemes in the digital asset sector. Notably, the platform acted swiftly to block withdrawals to Quantvine, a firm suspected of operating an illegal fundraising scheme. In response, other domestic exchanges implemented cautionary measures, and authorities launched formal investigations, effectively curbing further damage to investors. # Educational Initiative to Enhance Investor Awareness Through this quiz event, Upbit aims to educate its users with straightforward content on the concept of Ponzi schemes, their warning signs, prevention strategies, and guidance on how to respond if victimized. Participants will first access educational materials before attempting the quiz. Those who score perfectly will have the chance to win a share of the prize pool, totaling 1 Bitcoin(BTC), currently valued at approximately 129 million KRW (around $96,000). A total of 10,000 winners will be selected via a lottery. The event will be accessible via Upbit’s official website until October 31. Participants can attempt the quiz once daily until they achieve a perfect score. # Strengthened Commitment to Investor Protection A Dunamu representative explained the goal behind the initiative: “As Ponzi schemes become increasingly sophisticated, we launched this quiz event to raise awareness about these deceptive practices. We remain committed to continuously offering educational content that helps safeguard our customers’ assets.” To minimize potential financial losses caused by criminal activity, Upbit has implemented a real-time monitoring system and established a reporting channel for suspicious activities. Users can report fraudulent schemes, multi-level marketing entities, or illicit users through the “1:1 Inquiry” feature on Upbit’s customer service portal. With these efforts, Upbit reiterates its dedication to protecting investors while fostering a secure digital asset investment ecosystem.

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