Coin overview
DBR
Ended--
Last price (USDT)
129.59K
24h total (USDT)
235.35K
Total vol (USDT)
2024-10-12 09:30:00 ~ 2024-10-17 07:30:00
Trading time (UTC+0)
2024-10-17 12:00:00
Delivery time (UTC+0)
DBR operation suggestions from the perspective of Chan theory
DBR operation suggestions from the perspective of Chan theory Trading viewpoint: Long position: When the price pulls back to around 0.034, the volume shrinks or there is a divergence in the indicators, take a light long position with a target of 0.040. After breaking through, look towards 0.050-0.057. Short selling point: When the price falls below 0.034 and is accompanied by a lift DNU, short the market with a target of 0.030. Defense and stop loss: Bullish defense is set at 0.033, bearish defense is set at 0.041. Trend breakdown: from main uptrend to oscillation consolidation DBR launched a strong main upward trend at the low point in October, and the price climbed all the way from the low point to the high point of 0.05713 in early December. This upward momentum was sufficient, but the short-term increase was too large, leading to the rapid exhaustion of bullish forces. Subsequently, the price entered a correction period and is currently running in the oscillation range of 0.034-0.040. From the perspective of the Chan theory, the current trend has entered a typical "central construction" stage. The central point is the game area of the market's bulls and bears, where prices fluctuate and consolidate, and the market sentiment tends to be wait-and-see. The center of gravity price of the central point is roughly at 0.036, which is the core observation point of the current stage. The significance and key points of the central interval 1. Central definition and location: The upper resistance level is 0.040, which is a key point that the bulls need to overcome in the short term. After breaking through, it is expected to form a new round of rise. Lower support level: 0.034, which is the current strong support area. If the price falls below, the bearish force may further strengthen. 2. Volume guidance: Shrinking trading volume: Currently, the trading volume is gradually shrinking, indicating that the market is in a wait-and-see state. Lift DNU Breakthrough: If the price breaks through the upper edge of the center with the lift DNU (0.040), it means that the bulls are taking the initiative and the price has the opportunity to further rise. III. Operational advice: How to seize trading opportunities 1. Short-term strategy: Long position conditions: If the price falls back to around 0.034, and the trading volume shrinks or there is a divergence in the indicators (such as a bottom divergence in MACD), you can enter the market with a light position, and the target is to look at the upper edge of the center at 0.040. After the breakthrough, you can add positions to chase long positions, and the target is further seen to be 0.050-0.057. Short selling conditions: If the price falls below 0.034 and is accompanied by a lift DNU, you can short with the trend, with the target at 0.030. However, it should be noted that the rebound after the fall may be faster, and the stop loss is recommended to be set above 0.035. 2. Mid-term strategy: Conduct band operations within the range of 0.034-0.040, buy low and sell high. Wait for the direction to be clear, and then adjust the holding strategy according to the breakthrough or fall. 3. Risk control: Bullish defense: If the price falls below 0.033, stop loss and exit immediately to avoid further losses. Bearish defense: If the price stabilizes above 0.041, stop loss in time. Possibility of future trends: from shock to breakthrough 1. Short-term fluctuations continue: The current market trading volume is at a low level, and there is a strong wait-and-see sentiment. Without new funds or news pushing, the price may continue to fluctuate within the range of 0.034-0.040. 2. Possibilities after the breakthrough: If the price breaks through 0.040 with increased trading volume, it can be confirmed that the bulls are dominant, and the price is expected to quickly break through 0.050, or even the previous high of 0.057. Breaking scenario: If the price falls below 0.034 and lifts the DNU, bearish forces will dominate the market, and the price may further explore 0.030. 3. Triggers for market sentiment: The market needs a catalyst to break the current volatile pattern, such as new progress in projects or the transfer of market hotspots. V. Summary and Reminder The current trend of $DBR has entered a critical oscillation range. Short-term investors can operate around the range of 0.034-0.040, focusing on changes in trading volume and breakthroughs in the upper and lower edges of the central axis. Whether going long or short, it is recommended to strictly implement stop loss and maintain good risk control habits. The market is full of uncertainty, but precisely because of this, more possibilities have emerged.
Doubler: The snapshot of DBR-10x option tokens has been completed, the $DBR airdrop data has been updated at a 1:10 ratio
Doubler announced on X that the snapshot of DBR-10x option tokens has been completed, and the $DBR airdrop data has been updated at a 1:10 ratio. Users can view detailed information on the airdrop page and claim tokens from 7:00 (UTC). In addition, the activity to lock TWO tokens to qualify for an airdrop will end at 12:00 (UTC) on December 30th, any transfers after this will be considered invalid.
DeBridge Dynamic Express: 1 second cross-chain, listed on the top exchange in Korea, 25 days trading volume exceeded 1 billion dollars
On December 23rd, deBridge co-founder Alex showcased his latest cross-chain technology achievements through social media - achieving fast cross-chain operations from "VIRTUAL" to "Fartcoin" in just 1 second through deBridge. This not only demonstrates deBridge's leading strength in the field of cross-chain technology, but also further enhances users' efficiency experience in cross-chain transactions. Meanwhile, deBridge is accelerating its layout in the global market. The successful listing of the $DBR token on Bithumb, a top Korean exchange, has provided a new opportunity for it to attract a large amount of Korean capital flow. The Korean market has always been known for high-frequency speculation, and this launch is expected to attract capital attention, significantly increase trading volume, and drive up prices. In addition, since the publication of the $DBR token, the user engagement rate and ecological activity data of the protocol have steadily increased, and the continuous promotion of cooperation with Hyperliquid and others has injected new impetus into its ecological development. In just 25 days, deBridge's trading volume exceeded $1 billion, becoming another strong proof of its ecological success. In the future, deBridge will continue to innovate and empower token prices.
Doubler Foundation: The airdrop inquiry link is now open, over 100,000 addresses are eligible
The Doubler Foundation announced on X that the airdrop query link is now open. According to Sybil's judgment rules, a total of 4.76 million DBR tokens have been withheld, of which 1.44 million tokens are proportionally distributed to addresses identified as Sybil. Therefore, more than 100,000 addresses qualify for this airdrop.
The fundamentals of deBridge are impressive: user growth is stable, and the cumulative income of the treasury continues to grow
On November 28th, deBridge co-founder Alex Smirnov stated in X that the Dynamic Pool on the Meteora platform has become an important source of income for the project. In addition to the 0.3% transaction fee, it also creates additional income by lending unused USDC liquidity to other platforms. Data shows that in the past 30 days, the cumulative revenue of deBridge DAO vault has exceeded $250,000. In addition, Alex Smirnov has publicly stated that in the past 30 days, deBridge has added more than 1,000 new users every day. Driven by the dual drive of user expansion and revenue surge, deBridge's fundamental performance is stable, providing strong support for token value and worthy of market attention.
Data: Over the past week, more than 60 million US dollars in funds have been transferred to Solana via deBridge cross-chain
Data shows that in the past 7 days, cross-chain funds to Solana have exceeded 200 million US dollars, of which one third of the funds are through the deBridge cross-chain protocol.
In-depth analysis of deBridge: Undervalued giant in the multi-chain wave, steadily empowering $DBR
In the field of DeFi, cross-chain bridge technology provides crucial support for multi-chain interoperability and liquidity aggregation. deBridge, as an emerging cross-chain bridge solution, has gradually established itself on mainstream blockchains such as Solana and Ethereum with its unique technical architecture and robust market performance, and has become one of the official standard bridges such as BNB Chain. Since winning the Hackathon award, deBridge has gradually developed from a start-up company to a leader in the field of cross-chain bridges, and the undervaluation of its DBR token also provides potential value-added opportunities for investors. 1. Project background and development history The birth of deBridge stems from the team's attention to cross-chain liquidity bottlenecks. After winning the Chainlink Global Hackathon, deBridge has gradually become one of the most important bridges on the Solana and EVM chains through continuous innovation. As of now, deBridge's cumulative cross-chain settlement has exceeded $4.50 billion, protocol revenue has exceeded $13 million, and has maintained a stable source of income without liquidity incentives. This revenue model that does not rely on liquidity mining has laid the foundation for the sustainable development of deBridge. Important achievements: Cross-chain settlement volume: accumulated over 4.50 billion USD, protocol revenue over 13 million USD, no liquidity incentives, focus on sustainable income. B. Users and transactions: Attracted more than 550,000 loyal users, with more than 3 million cross-chain transactions. Partners with deep integration, Solana has the highest proportion of users. Chain support and infrastructure: It has supported 15 chains and become one of the important infrastructures for multiple public chains and second-layer networks, and has been selected as one of the official specification bridges for BNB Chain. It has received a grant of 1 million ARB from the Arbitrum Foundation to subsidize cross-chain and gas fees. D. Security: 100% secure operation since launch, has passed 26 security audits, with a $200,000 bug bounty program. DBR Token Launch: DBR was launched on October 17th and airdropped to 491,000 wallets, supporting multiple exchanges. The trading volume exceeded $100 million within 24 hours, laying the foundation for the transformation of DAO. 2. Innovative technological advantages DeBridge has achieved disruptive innovation in cross-chain bridge technology, mainly relying on the "zero TVL" model and the "Interoperability as a Service (IaaS) " architecture, establishing a leading position in the industry. Compared with traditional cross-chain bridges that require locking a large number of liquidity pools to support cross-chain transactions, deBridge's "zero TVL" model does not rely on pooled liquidity. Instead, it achieves efficient cross-chain transfer with minimal slippage in a decentralized environment through a peer-to-peer transaction mechanism. This design not only greatly reduces capital efficiency requirements, but also avoids security risks caused by locked liquidity in the pool, making deBridge more secure, flexible, and has strong scalability potential. DeBridge achieves high interoperability in cross-chain information and value exchange through its IaaS architecture. This model allows any EVM or SVM-compatible blockchain to quickly access the deBridge network by paying a subscription fee and achieve real-time and reliable information and value transmission between multiple chains. DeBridge has built standard adapters for EVM and SVM, which not only facilitate existing links, but also provide developers with the flexibility to build adapters to support other chains (such as Aptos, Sei, Sui, Starknet, etc.). This innovative model enables emerging public chains to integrate deBridge's cross-chain solutions at a lower threshold, achieving a decentralized, permissionless cross-chain ecosystem. In addition, deBridge's architecture makes it one of the few cross-chain bridges that can combine efficient transactions with low Gas fees. The development of Gas-free cross-chain transaction function further enhances user convenience, making cross-chain operations almost as smooth as transactions on CEX. Such technological advantages not only enhance User Experience, but also give deBridge a significant competitive advantage in the wide application of on-chain operations. 3. Market value expectations deBridge ($DBR) is a decentralized cross-chain bridge protocol that supports multiple chains, aiming to improve liquidity and security between chains. Compared with cross-chain bridges such as Wormhole and Zeus, deBridge stands out with its zero-lock (Zero TVL) model, interoperability-as-a-service (IaaS) architecture, stable revenue sources, and comprehensive security measures. Especially in terms of fee revenue and protocol value-added, deBridge achieves stable growth without relying on incentive measures, demonstrating its profitability and long-term value potential. In recent data comparisons, deBridge's protocol revenue remains at a high level, user engagement rate and loyalty continue to rise, showing unique market appeal. Based on the current unit price of $DBR tokens of 0.0279 dollars and the initial circulation of 1.80 billion tokens, its circulating market value is $50.3 million, and its fully diluted market value (FDV) is $279.9 million. To estimate the unit price of $DBR when it is close to the market value of other cross-chain communication protocols, refer to the following: Benchmark project type and market value expectations: Zeus Network ($ZEUS) - Permissionless communication layer on Solana and Bitcoin Token unit price: 0.54341 dollars Market capitalization: $91,022,728.51 If the circulating market value of $DBR is the same as $ZEUS, the token unit price is about 0.0506 dollars Increase: + 81.4% of current price Wormhole ($W) - Web3 Universal Messaging Protocol Token price: 0.268 dollars Market capitalization: $730,289,331.25 If the circulating market value of $DBR is the same as $W, the token unit price is about 0.4068 dollars Increase: + 1358.8% of current price LayerZero ($ZRO) - Full-chain interoperability protocol Unit price: 3.89 dollars Market capitalization: $433,332,492.67 If the circulating market value of $DBR is the same as $ZRO, the token unit price is about 0.2407 dollars Increase: + 763.1% of current price 4. Multi-dimensional data comparison: transaction volume, fee revenue, user growth and activity Transaction volume and fee income From the data comparison, deBridge's transaction volume and fee income show significant growth potential. The data shows that deBridge's cross-chain transaction volume exceeds 3 million times and maintains a stable growth trend. In terms of fee income, deBridge's cumulative revenue has exceeded tens of millions of dollars and does not rely on high liquidity incentives. In comparison, similar protocols such as LayerZero, although performing well during market peaks, rely on short-term benefits brought by liquidity incentives and fluctuate greatly in user activity, making it difficult to compare with the steady growth of deBridge. DeBridge's fee income, which relies on real user requests rather than incentive models, provides a solid guarantee for its future Sustainability. Breadth of support chain As of now, deBridge has supported 15 chains, including mainstream EVM and SVM chains, covering multi-chain ecosystems from Ethereum to Solana. This makes deBridge more widely applicable in the cross-chain bridge market and able to serve more user requests. In contrast, Stargate and Zeus are relatively limited in terms of supporting chain diversity and flexibility. This multi-chain support not only increases the market coverage of deBridge, but also enhances the flexibility and user experience of users, bringing higher potential for the long-term development of the platform. Active users and daily trading volume DeBridge has also performed steadily in terms of user growth and active level. Data shows that the number of active users and daily transaction volume of deBridge have maintained an upward trend in the past few months, demonstrating its attractiveness in the market. Unlike other projects that rely on incentive policies to drive short-term active levels, deBridge's growth curve indicates that its user base is more stable and sticky. This stable user growth provides important support for deBridge's fee income and ecological development. 5. Safety: 100% safety record and multiple guarantees deBridge has set an industry benchmark in terms of security, with no security incidents to date and has been audited by 26 top security companies. In addition, deBridge has established a $200,000 vulnerability bounty pool to further encourage developers and customers to engage in security maintenance. This high-standard security strategy not only protects users' asset security, but also establishes a good brand perception in the market. In contrast, projects like Wormhole have encountered serious security issues in the past, which have affected user trust. For example, Wormhole was hacked in 2022, losing about 120,000 ETH worth about $320 million; in addition, Ronin cross-chain bridge was also stolen 620 million dollars. These events highlight the importance of cross-chain bridge security, and deBridge, with its robust security record, has never had a security incident, which has laid a solid foundation for attracting more users, improving market trust and valuation. 6. Future plans for technology deBridge has demonstrated unique advantages and vision in product innovation and market expansion in the field of cross-chain bridges. In the future, deBridge plans to further consolidate its leading position in the market through technological upgrades and application expansion. Support more chains Supporting more blockchain cross-chain bridges will be an important step towards achieving true interoperability. DeBridge plans to expand chain support through two modes to achieve seamless transfer of cross-chain assets and information. Interoperability as a Service (IaaS): deBridge's IaaS model allows any EVM or SVM chain to subscribe to real-time information and value exchange between multiple chains. Currently, EVM and SVM adapters are ready, and future builders can extend connections to blockchains such as Aptos, Sei, Sui, and Starknet, promoting deBridge as an important infrastructure for interoperability. Strategic Construction: For chains with high user requests or liquidity and lack of connection to the DeFi ecosystem, deBridge will prioritize building IaaS adapters to eliminate subscription fees, attract more users and activities, and further expand the DeFi ecosystem. Bitcoin custody In order to expand DeFi liquidity, deBridge will launch a Bitcoin native custody solution, allowing BTC to be traded almost instantly on any chain. This custody service not only simplifies the cross-chain flow of Bitcoin, but also brings nearly $1 trillion of potential Bitcoin liquidity to the DeFi ecosystem, enabling BTC to more effectively participate in DeFi applications on different chains. Gas-free cross-chain transactions DeBridge will launch a Gas-free cross-chain feature, allowing users to easily transfer and trade without paying Gas fees. This feature will greatly optimize the on-chain transaction experience, making it as seamless and smooth as CEX transactions, further reducing the threshold for users to enter the DeFi ecosystem. Programmable cross-chain (deBridge Hooks) The newly launched deBridge Hooks allows for real-time cross-chain data transmission, simplifying operations, optimizing experiences, and improving efficiency. Through Hooks, developers, protocol parties, and market makers can attach any on-chain operations to cross-chain transactions, integrating the transaction steps of multiple chains. For example, Hooks can be applied to risk management of on-chain lending or cross-chain leverage operations, greatly improving users' cross-chain experience and breadth of functional applications. SocialFi support deBridge is committed to providing broader support for future SocialFi applications, allowing users to easily achieve functions such as copy trading, betting, and gaming. By integrating with social platforms such as Telegram, deBridge combines SocialFi with DeFi functions, making it more convenient for users to participate in DeFi and enjoy a diverse blockchain ecosystem experience. With its continuously expanding technology and product layout, deBridge has laid the foundation for true cross-chain interoperability and set a benchmark in the field of cross-chain bridges. The growth path of deBridge demonstrates another possibility of cross-chain bridge technology - without the need for huge lock-up liquidity, it has taken a unique path through a stable technical architecture and innovative IaaS model. Its revenue model does not rely on incentives, its user base is stable, and the valuation of DBR tokens is relatively low, which undoubtedly attracts the attention of long-term Value Investment. In an era where the demand for multi-chain interoperability is becoming more and more significant, can deBridge continue to move forward on this rarely traveled path and become the core pillar of the cross-chain ecosystem? The future may witness how deBridge gradually realizes this vision, which is worth looking forward to.
Bitget Daily Futures Market Dynamics
The size of liquidations in the ETH market is significant, indicating a more pronounced imbalance between the two sides. Bitcoin futures update: Total BTC open interest: $39.60B (+0.86%) BTC trading volume (24 hours): $58.16B (-13.80%) BTC liquidations (24 hours): $11.74M (long) / $12.09M (short) Long/short ratio: 50.32%/49.68% Funding rate: 0.0070% Ethereum futures update: Total ETH open interest: $12.89B (+0.50%) ETH trading volume (24 hours): $20.28B (+1.07%) ETH liquidations (24 hours): $47.02M (long) / $9.03M (short) Long/short ratio: 49.13%/50.87% Funding rate: 0.0104% Top three increases in open interest: DBR: $18.23M (+60,777,558.19%) DIA: $32.79M (+572.87%) COS: $2.87M (+91.75%)
Bitget Spot Bot adds DBR/USDT
We are pleased to announce that Bitget spot bot has now added: DBR/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Today's Top 5 Gainers: DBR with a 24-hour increase of 7080.00%
According Bitget market data , today's top 5 tokens in terms of increase are DBR, GRAPE, WAT, PZP, OGLG. Specifically: DBR has increased by 7080.00% in the last 24 hours and is currently priced at $0.03590; GRAPE has increased by 125.71% in the last 24 hours and is currently priced at $0.002212; WAT has increased by 118.50% in the last 24 hours and is currently priced at $0.00040057; PZP has increased by 36.05% in the last 24 hours and is currently priced at $0.0585; OGLG has increased by 34.88% in the last 24 hours and is currently priced at $0.0019207.
Bitget has launched U-denomination DBR perpetual contracts with leverage ranging from 1-20x
According to the official announcement, Bitget announced that it has launched the U-domain DBR perpetual contract with a maximum leverage of 20x. The contract strategy is open for trading at the same time.
Bitget PoolX & CandyBomb: Grab a share of 3,100,000 DBR
Bitget PoolX is listing deBridge (DBR). deBridge is the bridge that moves at lightspeed, enabling near-instant movement of value and information for over 500,000 users. PoolX, Bitget's latest lock-to-get airdrop platform, allows users to lock specific coins to get popular token airdrops. Each PoolX project will feature one or more locking pools, with the airdrop tokens distributed hourly based on the proportion of the locking amount to the total locking amount of all users in that pool. Activity 1: PoolX – Lock ETH to get DBR airdrop Locking period: 17 October 2024, 21:00 – 27 October 2024, 21:00 (UTC) Lock Now Locking pool details Total DBR airdrops 1,700,000 DBR Maximum ETH Locking limit 15 ETH Minimum ETH Locking limit 0.002 ETH Token allocation: ETH pool airdrop per user = user's locked ETH ÷ total locked ETH of all eligible participants × corresponding pool airdrops. Activity 2: CandyBomb – Trade to get DBR airdrop Promotion period: 17 October 2024, 21:00 – 24 October 2024, 21:00 (UTC) CandyBomb Promotion details: Total DBR airdrop 1,400,000 DBR DBR spot trading pool*new spot user only 1,050,000 DBR Futures trading pool*new futures user only 350,000 DBR How to participate: 1. Go to the CandyBomb page and use the Join button. 2. Bitget will start calculating your valid activity data upon successful join. 3. You will get candies based on your DBR spot trading and futures trading volumes. Terms and conditions 1. Participants must complete identity verification to be eligible for the promotion. 2. All participants must strictly comply with Bitget's terms and conditions. 3. Users must complete identity verification to participate in the promotion. Sub-accounts, institutional users, and market makers are not eligible for the promotion. 4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their airdrop if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim airdrop), or other violations are found. 5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion. 6. Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
DBRUSDT now launched for futures trading and trading bots
Bitget has launched DBRUSDT for futures trading with a maximum leverage of 20, along with support for futures trading bots, on October 17, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. DBRUSDT-M perpetual futures: Parameters Details Listing time October 17, 2024 20:00 (UTC+8) Underlying asset DBR Settlement asset USDT Tick size 0.00001 Maximum leverage 20x Funding fee settlement frequency Every eight hours Trading time 7*24 Depending on market risk conditions, Bitget may adjust the parameters from time to time, which may include the tick size, maximum leverage, and maintenance margin rate. [Futures] Bitget’s futures include: USDT-Ⓜ️ Futures, Coin-Ⓜ️ Futures and USDC-Ⓜ️ Futures. USDT-Ⓜ️ Futures - Trade using USDT for all pairs. You can choose USDT to trade multiple currency pairs at the same time, in which multiple futures share the same account equity, profit, loss and risks. Thank you for your support and attention to Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
deBridges governance token DBR is now live and airdropped to 491,000 wallets
deBridge’s governance token DBR has entered circulation and has been airdropped to 491,286 early users and loyal community members in the DeFi space. DBR is the SPL token on Solana, with an initial circulation of 1.8 billion and a total supply of 10 billion. All airdrop recipients can choose to receive 50% at the Token Generation Event (TGE) and the remaining 50% after 6 months, or choose to receive 80% at the TGE, but a 20% penalty will be deducted. The tokens of all strategic partners and core contributors will be locked until they are unlocked 6 months after TGE (20% will be unlocked, and the rest will be unlocked gradually on a quarterly basis over 3 years). Trading has started at $0.03/DBR ($300M fully diluted valuation), trading on-chain via the Meteora pool for DBR/USDC, and listed on the following exchanges: Bybit, Kraken, KuCoin, Crypto.com, HTX, Bitget, Gate.io, BingX, Coinone, Backpack, Cube, BTSE, MEXC, Bitvavo, Zeta Markets, Bitrue, Bitmex, Drift, and Aevo deBridges airdrops are conducted both on-chain and off-chain. deBridge has partnered with more than 10 centralized exchanges to allow users to directly receive tokens to their trading accounts during TGE. In fact, 60% of airdrops are received through centralized exchanges, and the remaining 40% will be received on-chain. The token launch will be a turning point for deBridge, gradually moving from a technology-driven infrastructure project to a more complete and mature cross-chain financial ecosystem. The launch marks that deBridge has become the largest cross-chain bridge economy , collecting more than $13 million in fees and becoming one of Solana’s leading cross-chain bridges. Looking forward to the future development of the ecosystem, deBridge has also formulated a plan direction: first, support more blockchain networks, plan to integrate more blockchains such as Tron, etc., expand the scope of cross-chain interoperability, and promote the interconnection of more ecosystems; secondly, launch the P2P function on (DLN), allowing more customized transactions; in addition, develop gas-free transaction functions, strive to reduce users transaction costs, improve user experience, and make cross-chain transactions more convenient and efficient; at the same time, expand custody services, support the transfer of assets between different chains through the dePort custody solution, create derivatives, and plan to enable custody for Bitcoin (BTC) first, allowing native BTC transactions on other chains.
deBridge Token Officially Launches and Airdrops DBR to 491,000 Wallets
On October 17th, deBridge's governance token, DBR, went into circulation, airdropped to DeFi's 491,286 early adopters and loyal community members. DBR is an SPL token on Solana with an initial circulation of 1.8 billion and a maximum supply of 10 billion. All airdrop recipients have the option to receive 50% at TGE, 50% after 6 months, or 80% at TGE minus a 20% penalty. Trading has opened at $0.03/DBR ($300 million FDV) and is available both in the DBR/USDC Meteora pool and on multiple exchanges. deBridge's airdrops are hosted across on-chain and off-chain, working with multiple centralized exchanges to enable users to pick them up directly in their trading accounts at TGE.
[Initial Listing] Bitget Will List deBridge (DBR) in the Innovation and Web3 Zone!
We are thrilled to announce that deBridge (DBR) will be listed in the Innovation and Web3 Zone. Check out the details below: Deposit Available: Opened Trading Available: 17 October 2024, 08:00 (UTC) Withdrawal Available: 18 October 2024, 08:00 (UTC) Spot Trading Link: DBR/USDT Introduction deBridge is the bridge that moves at lightspeed, enabling near-instant movement of value and information for over 500,000 users. Contract Address (Solana): DBRiDgJAMsM95moTzJs7M9LnkGErpbv9v6CUR1DXnUu5 Website | X | Telegram How to Buy DBR on Bitget DBR to FIAT Calculator Fee Schedule: DBR Price Market Data: DBR 7-Days Limited-time Buy Crypto Offer: Buy DBR with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
deBridge governance token DBR has been launched on the Jupiter LFG launchpad
The governance token DBR of cross-chain interoperability protocol deBridge has now launched on Jupiter LFG launchpad, and eligible whitelist users can participate in the LFG launch.
Cross-chain bridge new star deBridge, revenue approaching tens of millions of dollars, with an expected increase in token prices
I. Project introduction deBridge is a bridge protocol that provides efficient and secure cross-chain interoperability for the Web3 ecosystem, allowing users and protocols to transfer arbitrary messages and assets between different blockchains in a decentralized manner. The project ensures the security and efficiency of cross-chain transactions through a network of independent validators selected by deBridge's decentralized governance system. deBridge aims to become the "Internet of Liquidity" and plans to build a fully decentralized cross-chain asset transfer ecosystem by gradually introducing DBR tokens and DAO governance. The project has been successfully deployed on multiple mainstream blockchains, including Solana and EVM chains. II. Project highlights 1. Efficient and secure cross-chain transmission: deBridge, as a cross-chain bridge project, supports the decentralized transmission of arbitrary messages and assets between different blockchains. Its independent validator network ensures the security and efficiency of each transaction, making it one of the fastest and most secure cross-chain solutions on the market. 2. Innovative point rewards and token economy: deBridge allows users to earn points when conducting cross-chain transactions through its point reward system, which is proportional to the protocol fee and motivates users to continue participating. In the future, DBR tokens will be launched, and users can participate in decentralized governance by staking tokens, influencing key decisions of the protocol. 3. Unlocked liquidity model: Unlike traditional cross-chain bridges that rely on liquidity pools, deBridge adopts an unlocked liquidity model, which eliminates the need to lock large amounts of liquidity in advance. This design greatly improves capital efficiency, reduces security risks, and ensures more flexible and secure cross-chain asset transfer. 4. Extensive multi-chain support and continuous expansion: deBridge has supported multiple mainstream blockchains, including Solana and EVM chains. In the future, it will further expand to ecosystems such as Tron and Cosmos, and plans to launch cross-chain transaction functions for native Bitcoin, continuously expanding its cross-chain interoperability. III. Market value expectations As a cross-chain interoperability protocol, deBridge ($DBR) has established its position in the cross-chain bridge market with its unique lock-free liquidity model and decentralized governance mechanism. With the development of the project and the integration of more blockchains, the value of the $DBR token is expected to have significant growth potential. According to the latest data, the unit price of $DBR token is 0.0273 dollars, with an initial circulation market value of about 45 million dollars and an initial FDV (fully diluted market value) of 273 million dollars. To better predict the future potential of $DBR, we can analyze it by benchmarking it against the market value of other cross-chain interoperability protocols. Benchmark project: Omni Network ($OMNI) : The interoperability layer of Ethereum, with a token price of 9.92 dollars and a circulating market cap of $90,804,877. Celer Network ($CELR) : a blockchain interoperability protocol with a token price of 0.0142 dollars and a circulating market value of $110,505,487. LayerZero ($ZRO) : a full-chain interoperability protocol with a token unit price of 4.09 dollars and a circulating market value of $455,274,696. Assuming the market value of deBridge reaches the level of these benchmark projects, the expected price and increase of the $DBR token are as follows: Benchmarking Omni Network ($OMNI) : The circulating market value is $90,804,877, and the price of the $DBR token is about $0.0555, an increase of 2.03 times. Benchmarking Celer Network ($CELR) : The circulating market value is $110,505,487, and the price of $DBR token is about $0.0670, an increase of 2.45 times. Benchmarking LayerZero ($ZRO) : The circulating market value is $455,274,696, and the price of $DBR token is about $0.2766, an increase of 10.13 times. IV. Token economy model The native token $DBR of deBridge is the core of the entire project ecosystem, mainly used for governance, staking, and Incentive Mechanism. The following is the key economic information of the $DBR token. Token details : Token Ticker: $DBR Total number of tokens: 10 billion Initial FDV (Fully Diluted Valuation): 250 million USD Token Distribution and Release Model : Foundation (15%) : 33.3% will be released during TGE (token generation event), and the remaining part will be linearly released within 3 years after 6 months of lock-up. Ecological reward (26%) : 11.5% is released during TGE, and the remaining part is linearly released within 3 years after 6 months of locking. Core contributors (20%) : TGE no release, after 6 months of lock-up, linear release within 3 years. Community and liquidity (20%) : 50% is released at TGE, and the remaining part is linearly released within 3 years after 6 months of locking. Strategic Partner (17%) : Release 20% during TGE, after 6 months of lock-up, the remaining part will be linearly released within 3 years. Validator (2%) : Release 20% during TGE, after 6 months of lock-up, the remaining part will be linearly released within 3 years. Initial circulation : The initial circulation of the project is 1.80 billion, accounting for 18% of the total. The initial market capitalization is approximately $45 million. Token Economy Analysis : Among the 1.80 billion tokens initially circulated by deBridge, the project party holds a large proportion. As the token release model progresses, the supply of tokens in the market will gradually increase. Due to the relatively high initial circulation market value and initial market pressure, the attractiveness of the token economy model to early investors may be challenged. Investors need to closely monitor the rhythm of token release and the subsequent ecological development of the project to balance the potential impact of supply pressure. V. Team and financing Team Info Alex Smirnov : Co-founder, responsible for technology and strategic direction. Jonnie Emsley : CMO, responsible for marketing activities and brand operations. Gal Stern : Head of Business Development, responsible for global business development. Financing information Seed round financing : $5.50 million Time : September 7, 2021 Key investors : ParaFi Capital, SkyVision Capital, GSR, Animoca Brands, Crypto.com Capital, MEXC Ventures, etc. VI. Risk Warning Token economy risk : The proportion of initial circulation tokens in the project is relatively high, with an initial circulation market value of 45 million US dollars and FDV of 250 million US dollars. Although a considerable number of tokens will be locked and linearly released, the initial circulation is too large, which may lead to greater market selling pressure, especially for early investors and project parties. The unlocking time is short, and there may be a risk of liquidity imbalance in the market. Market competition risk : deBridge, as a cross-chain bridge project, has fierce market competition. There are already many mature projects in the cross-chain bridge track, such as Wormhole, Synapse, Multichain, etc., which have leading advantages in market share and technology. deBridge has good infrastructure and community support, but the future market share competition may encounter greater competitive pressure. Technical security risks : Cross-chain bridge projects usually face high security risks. There have been many incidents of cross-chain bridges being hacked in history, causing serious losses in capital. deBridge's technology emphasizes security, but still needs to continue to prove its anti-attack ability, especially in the case of increased transaction volume and user interaction. Sustainability of community active level : Although deBridge's social media and community data are currently performing well, there is still uncertainty as to whether it can maintain this popularity in the future. Declining user engagement rate and participation may affect the overall development of the project and the stability of token prices. VII. Official links Website ： https://debridge.finance/ Twitter： https://x.com/deBridgeFinance Telegram： https://t.me/deBridge_finance
DBR liquidity bootstrapping gets underway on Jupiter's launchpad ahead of deBridge token launch
A liquidity bootstrapping program for deBridge’s upcoming DBR governance token is underway via Solana decentralized exchange aggregator Jupiter’s LFG launchpad ahead of a token generation event on Thursday. Hosted by the deBridge Foundation, the DBR LFG launch claims to be unique compared to prior offerings. According to a statement shared with The Block, the launch offers a fixed price to all participants without a bonding curve. A bonding curve is a standard pricing model determining how token prices increase as more tokens are purchased during a launch event. Eligible whitelisted participants can deposit up to $5,000,000 in the USDC stablecoin collectively to bid on DBR’s initial price of $0.025 per token before the official launch, the team explained. This gives the project a $250 million fully diluted valuation. Each individual whitelisted address has a deposit cap of $25,000 in USDC. The Solana-based token will have a total supply of 10 billion tokens. It is designed to decentralize governance power to the community as control is passed over to a DAO, deBridge told The Block earlier this year. The goal is to ensure that no single party can dominate or make decisions based on their own interests rather than those of the whole DAO. The LFG vault will be open until 8 a.m. UTC on Oct. 16, the team said. It is available to participants who used the deBridge app on at least 10 separate days before the July 23, 2024 cutoff and those staking a minimum of 690 JUP tokens at the time of the snapshot. The launch comes after Jupiter put forward three “OG” Solana projects to potentially become the next tokens to launch on its new LFG launchpad in February — of which deBridge was highlighted as one of the candidates. The Jupiter community subsequently approved deBridge to use the platform as the crowd sale venue for DBR via a Jupiter-based liquidity pool. deBridge’s token generation event and next steps deBridge’s token generation event is scheduled for 8 a.m. UTC on Oct. 17, with trading starting at $0.03 per DBR — a $300 million FDV. Tokens acquired through the LFG launch will be distributed with 50% available immediately at TGE, and the remaining 50% will be released six months later, the team confirmed. deBridge token holders can stake their DBR tokens to participate in DAO governance votes on protocol parameters, including the election of active validators, setting minimum consensus thresholds and the deployment and upgradeability of smart contracts. The DAO will also manage the project’s treasury and ecosystem reserves, with responsibilities gradually increasing over time. Once deBridge’s delegated staking and slashing module is activated, DBR tokens can also be staked to support deBridge validators. By staking DBR, validators' slashable collateral is increased, which serves as a form of insurance, protecting against potential issues such as validator downtime, censorship and collusion. Overall, deBridge’s token distribution is set to allocate 20% of the supply to its community, with a 1.8 billion DBR circulating supply at launch. Of the remaining supply, 26% is allocated to ecosystem support, 20% to core contributors, 17% to strategic partners, 15% to the deBridge Foundation and 2% to validators. What is deBridge? deBridge differs from the popular bridging model in which users lock a token on one chain and receive an equivalent wrapped asset on another — one of the most common bridge vulnerabilities exploited in the industry. Instead, deBridge is designed to enable liquidity transfer directly between chains, removing the need to lock assets, reducing complexity and improving transfer efficiency. deBridge claims to have the largest bridge economy in web3, having generated $7.5 million in fees year-to-date, according to Token Terminal data . Last week, deBridge unveiled Hooks for cross-chain data transfers and dapp triggers. For example, an application running on one blockchain can now receive deposits from another network in a single transaction.
Planet Daily | Goldman Sachs: The Federal Reserve may implement more interest rate cuts before the end of the year; Harris proposes a loan plan and s
Headlines Goldman Sachs: The Fed may implement more interest rate cuts before the end of the year, and investors will continue to hold alternative investments that are more attractive than stocks U.S. households will shift their allocations to stocks only “slightly” from credit as the Federal Reserve begins its expected rate-cutting cycle, Goldman Sachs analysts said in a note to clients. The Fed slashed interest rates by 50 basis points last month to a range of 4.75% to 5.00%, with more cuts expected before the end of the year. “Steady rates near 4% suggest that investors will continue to have more attractive alternatives to stocks, but to a lesser degree than in past years,” Goldman analysts wrote. QCP Capital: BTC rebound may be related to Mt.Goxs postponement of repayment deadline, and potential rise will be affected by the US election QCP Capital published an analysis that BTCs rebound to $65,000 may be related to Mt.Goxs postponement of repayment until October 2025. Although there may be many factors that can explain the current trend, if you look at the historical price trend, this is a rather interesting moment because it is mid-October and there are only three weeks before the US election. If you look back to 2016, BTC has been trading in a very narrow range for more than 3 months. It was not until three weeks before the US election that BTC began to rise from $600 and eventually doubled its price in the first week of January. Similarly, in 2020, BTC was trapped in a boring range for half a year until it began to rebound from $11,000 three weeks before the US election, reaching a high of $42,000 in January. So far though, October’s performance has been rather disappointing, with BTC up just +1.2% compared to an average gain of +21%. Harris proposes lending plan and supports crypto regulatory framework in bid to win over black male votes Vice President Harris is stepping up her outreach to black male voters, promising to provide a path to economic security as polls show Trump is gaining support among black voters. Harris on Monday proposed a new plan to provide loans to black entrepreneurs and others who face barriers to financing. According to Harris campaign outline for black male voters, the plan would provide 1 million loans with up to $20,000 forgiven. Harris also pledged to support a cryptocurrency regulatory framework that would provide more investment certainty for the 20% of Black Americans who own or have owned digital assets. Last week, the US Bitcoin spot ETF had a net inflow of more than $300 million, and the Ethereum spot ETF had a net outflow of $5.22 million According to iChainfo monitoring, last week (October 7-11), the US Bitcoin spot ETF had a net inflow of US$308.75 million, and the Ethereum spot ETF had a net outflow of US$5.22 million. TD Bank becomes first U.S. bank to plead guilty to money laundering conspiracy, fined $3 billion Last week, U.S. Attorney General Merrick B. Garland announced in Washington that TD Bank, one of the largest financial institutions in the United States, had pleaded guilty to multiple felony charges, including conspiracy to violate the Bank Secrecy Act and money laundering. Garland confirmed in a statement that TD Bank agreed to a $1.8 billion criminal fine, which, when combined with the civil enforcement action, brings the total penalty against the bank to about $3 billion. He noted that the resolution includes the largest penalty ever imposed under the Bank Secrecy Act and the first time the Department of Justice has assessed a daily penalty against a bank. The bank is the largest in U.S. history to admit to violating the Bank Secrecy Act and the first to plead guilty to conspiracy to launder money. The Justice Department highlighted compliance lapses that created an environment for financial crime to flourish. Industry News FinCEN Charges TD Bank with Failure to Report Suspicious Crypto Activity Involving Over $1 Billion in Transactions The U.S. Financial Crimes Enforcement Network (FinCEN) says banking giant TD Bank failed to report suspicious activity from an anonymous client group that processed international cryptocurrency transactions. FinCEN alleges that TD Bank processed more than 2,000 transactions over a nine-month period from a company called “Customer Group C,” which was identified as “purportedly operating in the sales financing and real estate industries.” The group misrepresented their international wire activity to TD Bank, claiming that their annual sales would not exceed $1 million. In reality, they conducted more than $1 billion in transactions through TD Bank. Market News: Tether plans to explore lending to commodity trading companies According to market news, stablecoin issuer Tether plans to explore providing loans to commodity trading companies. Glassnode: BTC short-term holders profit-loss ratio reaches 1.2, investor sentiment may change positively Glassnode posted that short-term Bitcoin holders are currently showing a profit advantage, with a profit-loss ratio of 1.2. The indicator recently broke through 1 standard deviation of the 90-day mean, indicating that investor sentiment may be shifting positively. Data: Solana Ecosystem Memecoin Total Market Value Exceeds $11 Billion According to data disclosed by SolanaFloor, the total market value of Memecoin in the Solana ecosystem has exceeded US$11 billion. Monochrome to launch Australia’s first Ethereum spot ETF on Cboe Monochrome Asset Management is preparing to launch Australia’s first Ethereum spot ETF on Cboe. The Monochrome Ethereum ETF (IETH) will begin trading on Monday, following the launch of its $10.1 million Bitcoin ETF (IBTC) in August 2023. According to reports, the fund will position itself as the worlds first fund to provide physical Ethereum subscriptions and redemptions. 10x Research: MicroStrategys stock price rally may continue, which is expected to drive up Bitcoin prices 10x Research said in its market analysis report that MicroStrategys momentum continues. In the past week, the stock rose 16%, reaching a market value of $43 billion, a record high. This upward trend may continue, and several key catalysts are on the horizon. This may create a tail wags the dog situation, and MicroStrategys stock performance may have a positive impact on the price of Bitcoin. Project News Blast Announces the Winning Teams of Mobile Big Bang Program, Including Baseline, predict.fun, etc. Blast announced the list of winning teams of the Mobile Big Bang program (in no particular order), including: -Nano (@nano_bid); -Lennart (@Lennart_up); -predict.fun(@predictdotfun); -Collective Casino of the People (@ccpgaming_eth); -friendzone(@friendzone_pro); -Baseline (@BaselineMarkets). Related project information will be announced soon. Hyperliquid Establishes Foundation and Plans to Launch HYPE Token TGE Hyperliquid announced the establishment of the Hyper Foundation, which aims to support the development of the Hyperliquid blockchain and ecosystem and plans to launch the HYPE token TGE. Hyperliquids native token HYPE is critical to the further development of the HyperBFT proof-of-stake consensus, HyperEVM, and roadmap. As part of the genesis distribution, eligible users can choose to receive HYPE and optional Hypurr NFTs. Paxos CEO joins Trump family WLFI project as head of stablecoin and payments According to market news, Paxos CEO Rich Teo has joined the Trump familys WLFI project as head of stablecoin and payment. It is not clear whether he has left his position at Paxos. deBridge Foundation: LFG Launch to be launched today The deBridge Foundation announced on the X platform that it plans to launch LFG Launch at 8:00 UTC on October 15. According to previous news, the deBridge token DBR will be issued fairly on Jupiter Exchange through the LFG (Launch Fair and Grow) mechanism, with a fixed price of $0.025 and an investment cap of $25,000 per eligible address. A total of 200 million DBR (2% of the total supply) will be issued, and the total investment cap is 5 million USDC. In addition, deBridge will also provide 3 million USDC and 100 million DBR in the Meteora AMM pool as liquidity owned by the protocol, with an initial transaction price of $0.03. 50% of DBR will be available at the token generation event (TGE), and the remaining 50% will be unlocked after 6 months. PUFFER may have two major market makers, GSR Markets and another unknown entity. GSR still has 2.6 million to be transferred. According to monitoring, PUFFER may have two major market makers, GSR Markets and another unknown entity. GSR makes 5 million coins, with 2.6 million coins still to be transferred. Another unknown market maker makes 3.72 million coins, all of which have been recharged into the exchange. Soneium Spark Incubation Program Winners Announced, Involving DeFi, Web3 Experience and Other Tracks Sony L2 project Soneium announced on X that the selection process for the Soneium Spark incubation program has been completed and all winners have been selected. Each project will start incubation with more than 30 partners, receive expert guidance in marketing, business development, financial support, and technical integration, and have the opportunity to participate in exclusive workshops. Grass Foundation: Airdrop One final qualification query page will be launched on October 21 The Grass Foundation stated in a statement that the final qualification query page for Airdrop One will be launched on October 21, 2024. The foundation added that claims will not be open and will not go live on October 21, and this is just a checker. Please remain vigilant to avoid being scammed, and there are currently no on-chain transactions that require signatures. Investment and Financing Bitcoin staking protocol Solv Protocol completes $11 million in financing, with OKX Ventures and others participating Bitcoin staking protocol Solv Protocol announced that it has completed $11 million in financing at a valuation of $200 million, with participation from Nomura subsidiary Laser Digital, Blockchain Capital, OKX Ventures, etc. It is reported that Solv Protocols SolvBTC product has deployed more than 20,000 BTC (about $1.3 billion) in 10 major blockchain networks. Flappy Bird Foundation Completes $2 Million Funding, Led by Kenetic Capital and Scytale Ventures The Web3 mobile game project Flappy Bird Foundation announced the completion of a new round of financing of US$2 million, led by Kenetic Capital and Scytale Ventures, with participation from Big Brain Holdings, Optic Capital and 4 SV. The new funds will support the project to add a series of new Web3 features to attract nostalgic and new generation players. It is reported that under the management of the newly established Flappy Bird Foundation, the games intellectual property rights will continue to be protected. Japanese listed company Metaplanet once again increased its holdings by 106.97 BTC Metaplanet, a Japanese listed company, once again spent 1 billion yen to increase its holdings by 106.97 BTC, and its current total holdings increased to 855.478 BTC. PinGo Lab completes seed round financing, CGV FOF and others participate Decentralized infrastructure PinGo Lab announced the completion of its seed round of financing, with participation from CGV FOF, K 24 Fund, Catcher VC and Landscape Capital. The specific amount has not been disclosed yet. Crypto trading app Ziglu agrees to acquire Damex stake and seeks financing for more acquisitions UK crypto trading app Ziglu has agreed to acquire a stake in its Gibraltar rival Damex in an all-stock deal, with the deal expected to be announced during Gibraltar Financial Week. The move is a key step for Ziglu to expand its services, with the goal of improving its cryptocurrency, investment and banking services. The company is expected to have nearly 200,000 customers after the transaction is completed. Ziglu will use this expanded customer base to launch UK and US stock trading services to its European users, thereby expanding its market share. The move follows Robinhood’s failed bid to acquire Ziglu last spring. The company initially agreed to buy the app for $170 million in April 2022, but reduced its offer to $72.5 million in August of that year. Ziglu founder Mark Hipperson returned to the role of chairman and CEO after the failed acquisition, and the company is focusing on securing additional funding to make more acquisitions. Regulatory trends TD Cowen: Senator Hagerty’s draft stablecoin bill may become the outline of the 2025 bill Investment bank TD Cowen said in a report on Monday that U.S. Senator Bill Hagerty’s draft stablecoin legislation could serve as an outline for a future bill as early as 2025. Last week, Hagerty, a crypto-friendly Republican, unveiled a draft legislative discussion paper aimed at establishing a regulatory framework for stablecoins. It includes a provision that issuers above a $10 billion threshold could receive an exemption from federal regulators and then continue to be subject to the jurisdiction of their states. The draft legislation also includes maintaining foreign exchange reserves denominated in U.S. dollars on a one-to-one basis. This draft should form the basis for legislation we expect Congress to pass next year, wrote Jaret Seiberg of TD Cowen Washington Research Group. This is more likely if Trump wins, given Hagertys close relationship with the former president. Hagerty is reportedly a potential contender for a seat in Trumps cabinet if he wins, either in a national security role or a Treasury Department post. Hagerty is also a member of the Senate Banking Committee, which has jurisdiction over key agencies including the SEC. “The key will be to reach bipartisan agreement on regulators overseeing stablecoins. If Trump wins, the prospects for such a bill are even higher,” Seiberg noted in the report. Character Voice BlackRock CEO: Bitcoin is an asset class in itself and is discussing its allocation with global institutions Bloomberg ETF analyst Eric Balchunas shared the full quote on Bitcoin/digital assets from BlackRock CEO Larry Fink during the third quarter earnings call on X. Fink said that Bitcoin assets are an asset class in their own right, that they are discussing allocations with global institutions, and that these assets remind him of the early days of the mortgage market (currently worth $11 trillion). Sonia Shaw, President of CoinW: Exchanges are an essential piece of the puzzle on the road to compliance On the afternoon of October 14th, local time, at the Future Blockchain Summit held in Dubai, CoinW President Sonia Shaw mentioned in a Fireside Chat speech entitled From Niche to Norm: The Next Mainstream Adoption of Web3 that although decentralized finance is the ultimate goal pursued by everyone, centralized exchanges are still the main force in attracting new users. In the long run, decentralized finance is an inevitable choice for the future, but the current industry still needs regulators and centralized exchanges to explore together, cope with challenges on the road, and pave the way for the popularization and innovation of blockchain technology. Bloomberg reporter: Copper has hired former Goldman Sachs managing director Amar Kuchinad as its new CEO Bloomberg reporter Emily Nicolle wrote on X that crypto custody firm Copper has hired former Goldman Sachs managing director Amar Kuchinad to replace Dmitry Tokarev as the groups CEO, and will focus on attracting more traditional financial clients and expanding aggressively in the United States. Indian central bank governor: CBDC has the potential to promote efficient cross-border payments Reserve Bank of India Governor Shaktikanta Das said that central bank digital currency is an area with the potential to promote efficient cross-border payments. India has once again become one of the few countries to launch both wholesale and retail central bank digital currencies, or CBDCs. Currency for cross-border payments, and overcoming the serious financial stability concerns associated with cryptocurrencies. A key challenge may be that countries may prefer to design their own systems based on national considerations. DeFi Report founder: Uniswap Labs and UNI holders may earn $468 million from Unichain every year Michael Nadeau, founder of DeFi Report, recently wrote that the launch of Unichain will allow the $368 million paid to Ethereum validators last year to fall directly into the hands of Uniswap Labs and even UNI token holders. He added that Uniswap Labs will also be able to capture all MEV on Unchain because it owns all validators on the network. “MEV is estimated to account for about 10% of total fees paid on Uniswap ($100 million last year). They can also choose to share some of this with token holders,” Nadeau said.
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