DeFi
BlackRock drops $100 million USDC to Ethereum
Week in DeFi: BlackRock Drops $100M USDC to Ethereum
Wall Street giant BlackRock continues its march forward in the crypto space with a new tokenized asset fund SECOND deposit, with $100 million in USDC seeded in chain towards the fund. The same week, Optimism deployed their without authorization anti-breakdown system on the Sepolia testnet in a move towards further decentralization of the Superchain.
Preview
Total value locked (TVL) across all channels drops further as cryptocurrency majors continue their downward trend, pushing down the altcoin walked with. Notable trend outperformers include Bitcoin L2, Battery, Coinbase-supported L2, Baseand movement-based L1s, Sui And Aptos.
Source: https://coinmarketcap.com/chain-ranking/
Welcome to Alpha Central
As the AI space becomes the next big story in the crypto space, Crypto Distilled breaks down the AI agent industry and where it stands today.
TL;DR:
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Autonomous agents are the gold standard, being able to detect inputs and act based on their environment. They can self-learn and improve based on input and their actions.
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Verifying the accuracy and confidentiality of the work performed by the AI agent still remains difficult.
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AI agents could play an important role in Internet of Things (IoT), agents being able to ask other robots and machines to streamline current workflows and processes.
Ethereum: BlackRock deploys an on-chain tokenized assets fund
Blackrock files a tokenized asset fund application with the SEC in collaboration with Securitize, injecting $100 million in USDC in the same week on Ethereum blockchain. In true crypto fashion, users deposited memecoins at the same address and same sprinkling the address with the ETH tokens of Tornado Cash.
Other Product Launches and Updates
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ETH Native Liquid Replenishment Protocol, EtherFi launches the second in its trilogy of products, Liquidan automated vault strategy to optimize return strategies for vault assets EtherFi ecosystem.
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Vault protocol, Yearn Finance, launches Yearn V3revealing new vaults and strategies for farmer yield on Ethereum. Strive V3 safes provide better automation, composability and flexibility for DeFi users.
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Multi-chain decentralized exchange (DEX), Paraswap, unveils Augustus v6the latest protocol update for better and cheaper routing trades. Unfortunately, a bug was discovered shortly after and the funds were secured in a white hat hackwith refunds in progress for affected users.
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Cross chain automated market maker (AMM), Catalyst AMM opens its latest testnet: Tiger. Tiger brings to multi-chain protocol liquidity poolsinstant finality and minimized relay with confidence.
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Supplier of structured chain products, Index Coop, launches ETH2x and BTC2xwith the intention of providing leverage exposure to ETH and BTC, powered by Aave. These new tokens are designed to replace existing Flexible Leverage Index (FLI) tokens. Current holders do not need to take any action.
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F(x) protocol releases rUSDA stable coin backed by liquid recovery tokens. Users can now create and trade rUSD while earning liquid staking yields, FXN token incentives, EtherFi points and Clean diaper points.
The story continues
L2s: Optimism launches a failure proof system
Optimism frees one’s open sourcepermissionless outage proof system on the Sepolia testnet, taking the next step to enable completely permissionless withdrawals and deposits on Optimism’s Superchain network on-chain and chains.
Portfolio monitoring and wallet Vendor Zerion announces its next L2 chain, Zero, which is expected to launch late in the second or early third quarter. The chain seeks to offer zero gas fees for on-chain users to help onboard new users into crypto.
BitDAO-supported L2, Coatteases upcoming feature allowing the staking of MNT tokens to earn Ethena Shards, the points system of the stablecoin protocol, Ethena.
Other Product Launches and Updates
Solana: Jupiter Exchange supports new launches with ILM
Solana DEX Aggregator, Jupiter Exchangeunveils the Intuitive Launchpool Model (ILM), a generalized version of the LFG Launchpool, allowing any project to launch a specialized pool targeting the needs of its token and its project.
Cosmos: Incoming L1 particle network
Wallet abstraction service, Particle Network, has announced plans to launch its own L1built on the Cosmos SDK and BérachainThe Polaris frame from. L1 seeks to power on-chain abstraction through universal accounts, unified cross-chain liquidity, and universal gas tokens across all chains.
Based on the cosmos Ethereum Virtual Machine (EVM), Singing, announces Canto Cyclone Stack, an upgrade to bring parallelized EVM to the chain. The upgrade will take place in three phases, introducing faster block times, smoother transactions, and the removal of on-chain storage bottlenecks.
Injective launches Token Station, their native token launcher, allowing anyone to launch a permissionless token on Injective, without coding experience, in just minutes.
Another week, another airdrop
Dymension RollApp, Nim Network, Releases Eligibility Checker for Its Upcoming NIM Token airdrop, where 9% of the total supply, or 90 million tokens, will be distributed. Eligible wallets include DYM stakers and specific tokens and NFT communities among others.
ETH liquid recovery protocol EtherFi is opening claims for its first ETHFI token airdrop, with claims available until June 16. Unclaimed tokens will be returned to the treasury and placed in the Season 2 airdrop.
Bridging infrastructure protocol, PolyHedra Networkalso opens demands for their governance token, ZK. The claim period ends in one month, on April 19.
Tweet of the week
Cold Blooded Shiller once again leaves us with wisdom as the market continues to deteriorate this week, reminding us not to confuse gambling with trading.
Stay informed about your favorite projects and stay tuned for next week’s edition, and keep supporting your favorite projects, degens!
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
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