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Crypto Weekly Wrap 📰 » The Hong Kong Securities and Futures Commission (SFC) has officially approved several spot Bitcoin and Ethereum ETFs. » The Ethereum blockchain generated a $369 million profit in the first quarter of 2024. If this level of profit is sustained, the blockchain could generate around $1.5 billion for the year. » Ernst & Young has launched an Ethereum-based solution called the EY OpsChain Contract Manager (OCM), which uses zero-knowledge proofs to help its private business clients facilitate complex contracts. » Worldcoin announces release of Layer 2 blockchain in mid-2024. With the launch of World Chain, Worldcoin aims to increase scalability, provide a dedicated network for its user base, and attract more users and participants to the project’s ecosystem. » New Zealand’s CBDC roadmap enters design consultation stage. Market Update: » Bitcoin: $65,174 » Ethereum: $3,157 #wazirx #crypto #web3 #blockchain

The State of Crypto Q2_2024 Report by Coinbase Coinbase recently released the report Stage of Crypto Q2_2024, reveals a significant rise in blockchain adoption by leading corporations and outlines the most prominent business use cases of #cryptocurrencies, #stablecoins, and #tokenization. Key statistics from the report: - Onchain projects announced by Fortune 100 companies have increased 39% year-over-year - Total value of tokenized, non-stablecoin assets has reached roughly $3 billion, more than doubling since the start of 2023 (publicly trackable assets only). - Gold is by far the #1 commodity, accounting for nearly the entire $1 billion in tokenized commodities. - 86% of Fortune 500 executives recognize the potential benefits of asset tokenization for their company - 35% of Fortune 500 executives say their companies are currently planning projects on tokenization The report emphasizes tokenization as a crucial piece of the on-chain ecosystem. Tokenization facilitates the transition of traditional assets into the blockchain world, bridging the gap between these two spheres. For more details on the report summary, visit #Coinbase: https://lnkd.in/euUCmRK3 Full report below ⬇

We are starting our new educational series Stablecoin Education: We believe an informed user who understands the ecosystem of crypto, and blockchain as a whole will make the entire industry more robust, and consumers more confident to jump into Defi https://lnkd.in/gwuh_XNQ Our first article in our educational series talks about Liquid Staking! #blockchain #liquidstaking $USDM TLDR: 💧 Introduction to Liquid Staking: Stake assets on PoS blockchains while keeping liquidity. 💡 Significance: Marries staking benefits with asset liquidity, encouraging broader blockchain participation. ✅ Pros: Enhanced utility, reduced opportunity cost, fosters crypto adoption. ❌ Cons: Slashing risk, centralization risks, regulatory uncertainty. 🔄 Liquid Staking vs. Derivatives: Genuine liquid staking avoids additional risks like counterparty risk. 🌐 Examples: Cardano, Mina, Tezos showcase liquid staking's application and benefits. 🔍 Conclusion: Liquid staking transforms blockchain with flexibility and engagement, essential for informed decisions in DeFi.

"On-chain is the new online." "The Internet was and is a game-changing technology () blockchain and crypto are doing the same thing today with a re-decentralization of the web and the introduction of a new building block: ownership. Instead of just reading and writing on the traditional Internet, on-chain, you can now read, write and own." mentioned Brian Armstrong Last week Coinbase announced its results : ➡ Revenue increased 14% to $674 million, compared with a forecast of $654.7 million by analysts surveyed by Bloomberg. ➡Trading volume was $76 billion, lower than a forecast of $80.4 billion ➡Subscription and services revenue — at $334 million — topped transaction revenue for the second straight quarter. The subscription and services business line includes revenues generated from #stablecoins and #custodialfees, as well as blockchain #rewards and #interestincome. COIN price has climbed roughly 135% year-to-date. source : dailyhodl , coinblocks  

Getting Started with DeFi The Essence of DeFi At its core, DeFi aims to recreate traditional financial systems, but in a more open, transparent, and inclusive way. It eliminates middlemen, putting control and ownership directly in the hands of users through smart contracts on a blockchain. Where To Start in Defi Educate Yourself: Learn about blockchain, cryptocurrencies, and the fundamental principles of DeFi. Numerous online courses and articles can provide a solid foundation. Select a Wallet: Choose a secure cryptocurrency wallet that supports DeFi interactions. Popular choices include MetaMask, Trust Wallet, and Coinbase Wallet. Research Projects: Thoroughly research DeFi projects, considering factors like team reputation, technology, community, and tokenomics. Start Small: Begin with a small investment to familiarize yourself with DeFi platforms and their functionalities. The Future is Decentralized DeFi is more than just a financial evolution; it's a movement towards a fairer, more accessible financial world. While challenges like security and regulatory concerns persist, the promise of DeFi is immense. Embrace this paradigm shift and be part of the future of finance! 🌱💡 #DeFi #DecentralizedFinance #Blockchain #FutureOfFinance

Dive into the innovative world of ZetaChain (ZETA) — the Layer 1 blockchain and smart contract platform revolutionizing the way we think about blockchain interoperability. With its unique ability to seamlessly transfer assets, data, and liquidity across various blockchain networks, ZetaChain stands at the forefront of connecting the fragmented crypto landscape. Explore how ZetaChain's omnichain smart contracts and cross-chain messaging open new possibilities for decentralized applications, making blockchain technology more accessible and efficient for everyone. Learn about the strategic tokenomics of the ZETA token, designed to fuel ecosystem growth, incentivize network security, and empower community governance. Discover how ZetaChain is not just enhancing interoperability but also paving the way for a more integrated and user-friendly blockchain ecosystem. For developers, investors, and blockchain enthusiasts, ZetaChain offers a glimpse into the future of connected crypto — where innovation meets simplicity. Read more about how ZetaChain is bridging the gaps between blockchain networks and explore its potential to reshape the digital asset landscape.

Ethereum is not just a cryptocurrency; it's a whole platform that unlocks incredible possibilities for decentralized applications (dApps) and smart contracts! 🚀 🌐 Key Features: Smart Contracts: Self-executing contracts with terms directly written into code. No intermediaries and complete transparency. dApps: Decentralized applications running on the blockchain, providing security and data protection. DeFi: Decentralized finance opens up new opportunities for financial operations without traditional banks. 💡 Why is this important? Ethereum is revolutionizing the way we interact in the digital world. It allows for the creation of secure, immutable, and trusted systems, whether in finance, real estate, healthcare, or art. 🔮 The Future of Ethereum: The transition to Eth2 (Ethereum 2.0) promises to improve scalability, security, and sustainability of the network. This will make Ethereum even more attractive to developers and investors. Join this digital revolution and discover how Ethereum can change the world! 🌍💫 #Ethereum #Blockchain #Crypto #DeFi #SmartContracts #dApps #Eth2 #DigitalFuture

Crypto coin vs. Crypto token What's the Difference? Many people often think that cryptocurrency and crypto token are the same, but they have some key differences. Understanding these can help you make better decisions in the crypto world. So let's clear it up. --- Crypto coin:This is what most people think of when they hear cryptocurrency. Examples : Bitcoin and Ethereum. These Coins runs on their own blockchain and are primarily used as a form of digital money. You can use them to buy goods and services. --- Crypto Token: Tokens, on the other hand, are built on top of existing blockchains Tokens use existing blockchains like Ethereum. They represent assets or utilities and can serve many purposes beyond just a medium of exchange. For instance Tokens can be like tickets to access services, ownership in a project, or even voting rights in a community. In a nutshell, coins are digital cash with their own blockchains. And Tokens live on other blockchains and can represent all kinds of assets or services. Understanding this distinction can enhance your knowledge and strategy in the Crypto Nagar. Feel free to ask any questions or share your thought's.

The State of Crypto: The Fortune 500 Moving Onchain - America’s top public companies are busier onchain than ever. Onchain projects announced by Fortune 100 companies have increased 39% year-over-year and hit a record high in Q1 2024. A survey of Fortune 500 executives finds that 56% say their companies are working on onchain projects. From the biggest legacy brands to small business, stablecoins to tokenized T-bills, trusted names and products in finance are embracing blockchain technology and crypto, driving innovation and providing on-ramps for widespread adoption. The increased activity underscores the urgency for clear rules for crypto that help keep crypto developers and other talent in the US. Read the full article here:

Ondo finance is a project that is aimed to democratise access to institutional grade financial products and services using blockchain technology. The project’s team seeks to leverage on the blockchain technology, to improve both the financial infrastructure and accessibility of financial products. The team cuts across former members of reputable firms like Goldman Sachs and partnerships with VCs like; Blackrock and Morgan Stanley. Practically, it seeks to integrate the real world assets with blockchain technology. The native token $ONDO has performed exceedingly well since its launch in January18th, 2024. The tokenized products offered by the project have a bearing to US treasuries and the US money market funds. After keenly reading about this project it is quite clear that it is a fine blend of tradfi and defi product services. With this immense usecase, $ONDO will do very well. Looking at these, T1 platforms like Bitget have listed it and the price action is quite fair thus.