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- dYdX Announces the Conclusion of Season 5 Incentive Program | Cryptocurrency Trends
dYdX Announces the Conclusion of Season 5 Incentive Program | Cryptocurrency Trends
Jarseed, Bitget Research
2024/07/26
![dYdX Announces the Conclusion of Season 5 Incentive Program | Cryptocurrency Trends](https://img.bitgetimg.com/multiLang/web/eddd08b5c1967cfea54f43d10862ec8d.png)
1. Mainstream Exchange Trends:
No trends of note.
2. Cryptocurrency Trends:
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As one of the key builders of the Superchain ecosystem, Owlto’s cross-chain bridge win 55,000 OP in Optimism’s Retro Funding Round 4.
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The core team of TON partners with the non-custodial wallet Tonkeeper to launch the W5 smart wallet standard, enabling users to hold Toncoin not only for payments but also for USDT and Notcoin transactions.
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dYdX announces the conclusion of its Season 5 incentive program, which aims to distribute $5 million in DYDX across 2700 accounts. The exchange will kick off Season 6 soon.
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Starknet v0.13.2 will include parallel execution and is expected to launch on the mainnet in August. Starknet's TPS capacity is expected to increase to around 250 TPS through parallelization. The new mechanism will enable Starknet's sequencer to process unrelated transactions in parallel rather than sequentially.
3. Financing Trends:
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Multiple Network, a DePIN network layer, raises $2 million in seed round funding with participation from OKX Ventures, Youbi Capital, Stratified Capital, Puzzle Ventures, CatcherVC, BitriseCapital, and others.
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Kuru, a Monad-based on-chain order book DEX, raises $2 million in seed round funding led by Electric Capital with participation from Brevan Howard Digital, CMS Holdings, Pivot Global, Breed, and Velocity Capital, as well as angel investors such as Keone Hon, Jarry Xiao, and Eugene Chen.
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aPriori, a liquidity staking pool on the Monad blockchain, raises $8 million in seed round funding led by Pantera Capital.
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OpenSocial Protocol, a Web3 community platform, raises $6 million in a funding round led by Framework Ventures and North Island Ventures, with participation from Hivemind Capital Partners, Stratos, Moonrock Capital, and others. This funding round brings OpenSocial's total funding to $26 million.
4. Regulatory Trends:
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Russia’s State Duma passes a bill legalizing Bitcoin mining and allowing the use of cryptocurrencies for international trade. The bill, which was first introduced a few years ago and, is expected to enter into force on September 1, pending final approval from the federation.
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India plans to release a discussion paper outlining its policy stance on cryptocurrencies by September, according to Senior Finance Ministry Official Ajay Seth. Seth’s interview did not suggest a commitment to regulate cryptocurrencies through comprehensive legislation, but instead a position based on stakeholder consensus on the matter.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.