Bonk Inu Launches BonkSwap DEX: A New Era for Dog-Themed Cryptocurrencies
> Powered by Solana smart contracts, BonkSwap will enable users to trade Solana, Bonk Inu, and stablecoins.
> Most fees (80%) on BonkSwap will be allocated to reward liquidity providers and locked stakers of Bonk and BonkSwap LP positions, potentially increasing value for BONK holders.
> In the coming months, the developers plan to introduce additional features, such as a BONK-based game and futures offerings on the BonkSwap exchange.
> According to BonkSwap developers’ tweet, “We will integrate incredible, rewarding Bonk-powered games, add innovative trading features like options, and perpetual futures powered by HxroNetwork, and expand liquidity to make trading Bonk easier than any other token in Solana.” Continue here.
Binance Unlocks ETH Withdrawals Following Shapella Hard Fork: What You Need to Know
> The announcement followed Ethereum’s implementation of the eagerly awaited Shapella hard fork, also known as the Shanghai upgrade, which allowed the withdrawal of over 18 million ETH staked in the blockchain since late 2020.
> Binance noted that once users submit withdrawal requests, they cannot be canceled, and the initial processing may take anywhere from 15 days to several weeks.
> Redeemed Ether will be sent to users’ spot wallets, and BETH tokens locked in pending ETH withdrawal requests will not be eligible for staking rewards.
> BETH is a wrapped token issued by Binance that is pegged 1:1 to ETH on the Ethereum blockchain. More here.
Yearn Finance’s iearn Protocol Exploit: $11.6 Million in Damages
> The attacker obtained a variety of stablecoins, including DAI, USDC, BUSD, TUSD, and USDT, according to LookOnChain.
> Crypto researcher Samczsun, who operates under a pseudonym, alleged that Yearn Finance’s yUSDT version has been faulty since its launch approximately three years ago.
> He explained that it was “misconfigured to use the Fulcrum iUSDC token instead of the Fulcrum iUSDT token.”
> PeckShield supported this claim, stating that the primary issue appears to be the improperly configured yUSDT.
> The attacker exploited this misconfiguration to create 1.2 quadrillion yUSDT from a mere $10,000 investment, later converting it into other stablecoins. Continue reading.
Bored Ape Yacht Club NFTs Sold for $3 Million: Influencer Liquidates Collection
> The Block Research confirmed that @franklinisbored sold a total of 27 Bored Ape NFTs for ETH 1,439, or nearly $3 million.
> The NFTs sold for an average of ETH 55.29, roughly $110,000 per Bored Ape, The Block Research also said.
> The price of ether has recently been rising amid the Shapella upgrade.
> The major NFT investor may now only hold two Bored Apes, said The Block Research, adding that the sale caused the collection’s floor price to slide to its lowest level in five months. Full report here.
Solana’s Crypto-Ready Saga Smartphone Set to Launch on May 8
> Moreover, the company behind the landmark device has stated that pre-ordered phones are already being shipped currently.
> The rising prominence of mobile phones in the tech industry makes the development of a crypto-ready smartphone an interesting idea.
> Subsequently, the arrival of launch date arrives almost 10 months after the blockchain company teased the idea.
> Solana Labs has officially announced that their crypto-ready smartphone, called the Saga, will launch on May 8.
> Alternatively, the company has announced the arrival alongside news that devices placed on pre-order are being shipped out currently. Details here.
CFTC Chairman Criticizes Binance for Alleged Regulatory Violations
> “Those behind these large companies, offering futures contracts and derivatives to US customers, are not unsophisticated individuals,” Behnam remarked during an event at Princeton University on Thursday.
> The CFTC’s lawsuit against Binance last month marked a significant move by Washington to clamp down on a cryptocurrency firm.
> The regulator accused Binance of “sham” compliance with US derivatives regulations, including failure to prevent Americans from accessing its exchange as promised and not registering with the CFTC. Continue reading.
SEC Summons Tron Founder and Celebrities in Unregistered Securities Case
> The SEC named the three as the only individuals not cooperating in a case involving several celebrities, which alleged that Tronix and BTT, the BitTorrent token, were unregistered securities offerings.
> Actress Lindsay Lohan, YouTuber-turned-boxer Jake Paul, adult film star Kendra Lust, rapper Lil Yachty, and singers Akon and Ne-Yo all settled with the SEC over similar civil charges, as stated in an agency release last month. Full report here.
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Mastercard Launches Music Pass NFTs to Empower Web3 Musicians
[body]Mastercard announced on Wednesday at NFT.NYC that it is launching non-fungible tokens (NFTs) to support Web3 musicians in advancing their careers.
> The Mastercard Music Pass NFT, developed in collaboration with Polygon, is a free-to-mint digital collectible that grants artists access to the Mastercard Artist Accelerator program.
> The program offers AI technology, educational resources, and guidance from Web3 mentors like artist Latashá and Ledger Chief Experience Officer Ian Rodgers.
> These NFTs will be available for collection by Web3 musicians, fans, and enthusiasts through April. Raja Rajamannar, Chief Marketing and Communications Officer and President of the Healthcare Business at Mastercard stated in a press release that the main objective of the company’s new NFTs and accelerator program is to provide Web3 education. Read here.
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Bitcoin Miners Soar as BTC and ETH Prices Climb: A Week of Gains
[body]Bitcoin miners experienced a remarkable week, with their share prices surging further on Thursday as bitcoin (BTC) climbed over 2% to reach $30,500.
> Among the top performers were Marathon Digital (MARA), gaining 14.6% during the session and nearly 50% for the week, and Hut 8 Mining (HUT), which rose 15.9% on Thursday and 37% for the week.
> Other notable movers on Thursday included Stronghold Digital (SDIG), up 26%; Iris Energy (IREN), up 15%; and Bit Digital (BTBT), up 18%.
> Meanwhile, Ether (ETH) extended its recent gains on Thursday afternoon, surpassing $2,000 following Ethereum’s successful completion of its highly anticipated upgrade.
> The second-largest cryptocurrency by market value was trading at $2,015, up over 5% in the past 24 hours.
> The Shapella upgrade, also known as the Ethereum Shanghai hard fork, continued the Ethereum network’s transition from a proof-of-work (PoW) to a more energy-efficient proof-of-stake (PoS) consensus mechanism, which began with September’s Merge upgrade.
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