Introducing Magic Square, the revolutionary decentralized platform built on innovative ideas and projects. With its native token, SQR, users can explore a world of possibilities in decentralized finance. The ecosystem grants creators the tools and resources to bring their visions to life, fostering a community of collaboration and growth. Join us on this exciting journey to reshape the future of blockchain technology.
Introducing the Magic Square store, a revolutionary platform in the decentralized world powered by its native token, SQR. With a focus on innovative ideas and projects, Magic Square offers an ecosystem grant to support creators in building the future of decentralized finance. Join us in shaping the new era of Web3 and experience the magic of a community-driven marketplace where creativity flourishes and possibilities are endless.
Web3 enthusiasts have a new reason to rejoice with the launch of the Magic Square store, where users can explore the latest applications and projects in the decentralized world. With the native token, SQR, users can fund innovative ideas and projects through the ecosystem grant program, which has allocated 120 million SQR for grants. This initiative aims to finance and support a diverse range of projects that contribute to the growth and development of the Web3 ecosystem.
Introducing the groundbreaking Web3 application, the Magic Square store! With its native token, SQR, users can explore and fund various projects through the ecosystem grant program. A total of 120 million SQR tokens have been allocated for grants to finance innovative ideas and initiatives. Join the Magic Square community today to be a part of the future of decentralized funding and support exciting projects shaping the digital landscape.
Web3 application store Magic Square is allocating $66 million worth of its native SQR tokens to fund projects listed on its platform. The ecosystem grant program includes 120 million SQR tokens, equivalent to 12% of the total token supply. These grants will help finance the initial marketing costs of selected applications and games, enabling them to increase their visibility on the platform and connect with their target audience.
Data from Coinglass reveals that global liquidations reached $44.81 million within the past hour. Among these liquidations, long positions accounted for $23.17 million, while short positions made up $21.63 million.
The Bitcoin L2 MAP Protocol has announced that 100 million MAPO tokens, originally scheduled to be unlocked for the team and foundation in June 2023, will now be unlocked in March and April. In March, 50 million MAPO tokens allocated to the foundation will be unlocked, while in April, the remaining 50 million MAPO tokens allocated to the team will be unlocked.
The core PCE price index is a key indicator of inflation in the United States and is closely monitored by the Federal Reserve. The recent data suggests a mixed picture of inflationary pressures in the US economy, with the annual rate showing signs of moderation, while the monthly rate indicates a continued acceleration in price growth.
https://t.co/87BZjUp41z Raises $27 Million in Funding Round Led by Bullish and CoinFund.
Liquidity re-staking protocol https://t.co/87BZjUp41z has announced the completion of a $27 million financing round. The funding round was led by Bullish and CoinFund.
Cryptocurrency risk management company Gauntlet has announced a partnership with its competitor, decentralized lending institution Morpho, less than a week after splitting from blockchain lending platform Aave. Under the new plan, Gauntlet will use a feature called MetaMorpho to create its own lending product, MorphoBlue. This service was launched by Morpho in January, allowing anyone to start lending pools for specific digital asset pairs.
Sushi has announced that it will discontinue the Trident pool in order to simplify the user experience and increase the platform's operational efficiency. Users are required to withdraw their liquidity assets before 11:59 Beijing time on March 16th. After this date, the user interface (UI) will no longer be in use, and withdrawals will need to be made through smart contracts or with the assistance of the official team, which may cause delays. For users who wish to continue providing liquidity on Sushi, the company encourages migration to Sushi V3 AMM.
According to CryptoPotato, attorney Scott Johnsson believes that the U.S. Securities and Exchange Commission (SEC) may approve an Ethereum (ETH) spot ETF as early as May 2024. If this timeline is not met, Johnsson estimates that approval could be expected by mid-2025.
Bankrupt cryptocurrency lending institution Genesis and Digital Currency Group (DCG) are set to confront each other in a White Plains, New York court on Monday regarding a repayment plan for the bankrupt subsidiary's creditors. The trial is expected to last several days and will determine the amount of repayment Genesis creditors will receive. Previously, Genesis estimated that if its bankruptcy plan is approved by the court, creditors could recover up to 77% of the debt owed. However, if DCG wins, they may recover less.
The data highlights the recent fluctuations in the cryptocurrency market, with some ETFs increasing their Bitcoin holdings while others, like Grayscale, are reducing their exposure. This comes amid a volatile period for the digital asset, with prices experiencing significant ups and downs in recent weeks. Despite the volatility, the overall trend for institutional investment in Bitcoin remains positive, as evidenced by the continued accumulation of BTC by various ETFs.
Bitcoin began to recover in June 2023 when BlackRock filed to launch its own spot BTC ETF. Institutions started paying more attention to Bitcoin, and the anticipation changed from 'The SEC will never allow a spot BTC ETF' to 'It's a matter of when, not if.' This change led to growing hype and rising prices, with BTC soaring from under $20,000 in June 2023 to over $40,000 in early January. The actual approvals of 11 spot BTC ETFs led to a sell-the-news moment before the cryptocurrency soared past $50,000 for the first time in over two years.
Blast has shown impressive performance since its establishment in November last year, with its total value locked (TVL) exceeding $1.8 billion and a significant increase in the number of BIG Bang ecosystem projects. Despite some controversies, the overall performance of Blast has been remarkable.
DEX Tokens Market Cap Surpasses $24 Billion.
The total market capitalization of decentralized exchange (DEX) tokens has exceeded $24 billion, reaching $24,120,950,954. In the past 24 hours, the market cap has seen an impressive increase of 30.3%.
Litecoinβs emphasis on security
Litecoin prioritizes robust security features to ensure the safety of its usersβ funds and transactions.
Utilizing a decentralized blockchain network, it employs cryptographic protocols like SHA-256 for secure hashing, enhancing data integrity and protection against malicious attacks.
The platform also implements Segregated Witness (SegWit) technology to optimize transaction throughput and mitigate potential network congestion.