Bittime – The first week of May 2024 is almost over and there is a lot of news in the crypto ecosystem that you can pay attention to. So that it's not confusing, here is a summary of crypto news to make it easier for you to know what's going on in the crypto world today.
Bitcoin News Today
After experiencing a dizzying decline, today Bitcoin finally experienced a price increase of +6.22% so it is now at $63,182.59. Previously, in the last 24 hours, Bitcoin was at its highest price of $63,508.02.
Apart from the price of Bitcoin which rose today, several news about Bitcoin also came regarding the platform and Bitcoin Layer 2.
News about Bitcoin Layer 2 comes from Osmosis which announced plans to launch "alloyed bitcoin" in June. This Alloyed Bitcoin is Osmosis' strategy to join the Bitcoin L2 competition.
Elsewhere, the XT platform has announced the launch of a new Bitcoin (BTC) Cloud Mining product with contract durations of 180 and 360 days. Cloud Mining Bitcoin launched by XT is useful for investors to earn passive income from Bitcoin without the need to buy or operate expensive mining equipment.
An attractive offer for investors from Bitcoin cloud mining by XT is that XT waives management fees for the initial period and offers a high static yield rate, reaching 118.4% per year.
Check Today's Crypto Market:
New Token from MakerDAO
MakerDAO announced plans to launch two new tokens, namely NewStable (NST) and NewGovToken (NGT).
NewStable (NST) is designed to be a more stable and accessible version of Dai. NST has 3 main features, namely improved stability, wider accessibility, and incentives through mining.
NewGovToken (NGT) is a governance token that will give its holders voting rights in important decisions affecting the future of MakerDAO. The main features of the NGT are decentralized governance, participation incentives, and greater voting power.
Roadmap 2024 RWA Propy dan Paradex
An RWA token called Propy shared its roadmap for Q2, Q3, and Q4 2024. Here are some of the contents of Propy's roadmap:
1. Q2 2024
- Improved Automation with Propy AI
- Better Data Integration
- Better User Experience on Mobile Devices
2.Q3 2024
- AI Model and License Expansion
- Stronger PropyKeys Integration
- New Partnerships and Activations
3.Q4 2024
- Instant Crypto Lending Protocol for Real Estate NFTs
- Collaboration with the Government
- Leading the New Era of Real Estate with REITs
- Propy Digital Signature System
Not only Propy, one of the decentralized derivative trading platforms (DEX) built on Ethereum Layer 2, namely Paradex also shared their Q2 2024 roadmap. The content of their roadmap is an improved points system, a Degen referral program, cross-chain integration and wallet support, and new features for traders and yield farmers.
Reasons for Athena's Decline (ENA)
It seems that Ethena's glory days are gradually declining. Even though ENA is currently experiencing an increase after continuous price declines in the recent past, Galaxy Digital is showing the opposite movement. Galaxy Digital is one of the crypto investment giants.
When Ethena announced that it would lock tokens, Galaxy Digital transferred all its ENA assets to Binance. As a result of Galaxy Digital's move, a massive selling action was carried out, causing ENA's price to plummet drastically by 19% from its peak at $1.54, falling to $0.82.
Also Read: Investors Supporting Bitcoin ETFs Announced by Fidelity, Asset Management Company
News about Cooperation in the Crypto Ecosystem
It is common for cooperation to be carried out in the crypto ecosystem. Some information about today's collaboration comes from Arbitrum, SuperVerse, Uniswap Lab, and Airstack.
The Arbitrum community has approved a proposal to award Synthetix a Long-Term Incentive Program (LTIP) grant of 2 million ARB aimed at driving the scalability of Synthetix V3 and Perps V3 on the Arbitrum network. This collaboration will also provide incentives for traders and stackers.
Additionally, SuperVerse has also announced a strategic partnership with Endless Clouds, a leading blockchain game development studio. This collaboration will have the aim of integrating two popular Endless Clouds games, namely Endless CloudsHQ and Traverse. op, into the SuperVerse ecosystem.
Elsewhere, Uniswap Labs has also announced a strategic partnership with trading platform Robinhood to simplify and expand user access to the cryptocurrency market. There are 3 main features of this collaboration, namely direct crypto purchases, security and convenience, and promotions for new users.
News of further collaboration in the crypto ecosystem comes from Airstack which announced $4 million in seed funding at Farcaster's annual conference, Farcon.
This funding then puts Airstack in the perfect position to lead the SocialFi movement on Farcaster and revolutionize the way people interact with content and earn income in the digital world.
Also Read How To Buy Crypto:
Dear Beli Crypto from Bittime
You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also:
Solana (SOL): Price Prediction After Franklin Templeton Support
Analysis of the Recent Increase in the Price of Jupiter (JUP): Time to Buy?
5 Cheap Cryptos with the Potential to Earn 1000x, Here's the List!
XT Launches 180 and 360-Day Bitcoin Cloud Mining Products with Attractive Offers
DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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