News
HoneyDAO Partners With Impossible Finance For The Much-Awaited Aethir Public Node Offering
Aethir recently announced its highly anticipated Node Sale event, which marks a significant leap forward within the world of decentralized computing. The trailblazing GPU cloud infrastructure provider, known for its innovation and cutting-edge solutions, will commence the public sale on March 20th.
Aethir’s INO (Initial Node Offering) presents a unique opportunity for everyone to become Node Operators in the Aethir ecosystem. In doing so, these participants can contribute to the decentralization of cloud computing and earn rewards in return.
HoneyDAO has officially teamed up with Impossible Finance for the Aethir Node Sale. As part of the partnership, users can get a 10% discount on the purchase price of the node when they buy nodes using the HoneyDAO referral link or the code ‘valorem420’ on the checkout page.
Key Details About The Sale
By looking ahead in terms of encouraging widespread adoption, the Node Sale event will introduce 100,000 nodes. The first type of node to be made available in the Aethir network is the checker node, which any user can operate to help verify the uptime, latency, quality of service, and computational power provided by future node participants.
Beginning at $500 per node, users will participate using wrapped ETH (WETH) on the Arbitrum network. It is worth mentioning that there will be no limit on the amount of nodes that can be bought, which helps ensure equal opportunity for everyone involved.
Moreover, any nodes bought during the sale shall be transferable after 12 months post-sale. Node operators could potentially earn up to 15% of the allocated ATH overall supply that is earmarked for CNOs (Checker Node Operators) over 4 years. As node operators, users are an important part of Aethir’s ecosystem, earning rewards for critical computing contributions once the network is fully operational.
Aethir’s mission is to accelerate the world’s transition to universal cloud computing, and users are invited to join this journey through the Initial Public Node Offering on March 20th.
Why Does The Sale Matter?
By operating the nodes, the verification of data and service provision can be facilitated and participants will be allowed to earn rewards in the aforementioned ATH tokens, which is the native currency of the Aethir ecosystem. In terms of why this matters, these rewards highlight Aethir’s dedication to creating and maintaining an inclusive and robust community filled with effective and passionate node providers and checkers, all of whom are fully committed to sustaining the integrity of the decentralized cloud infrastructure network.
The Aethir team stated that adopting a decentralized approach is essential for the network as it allows the ecosystem to solve many of the issues commonly associated with traditional centralized cloud providers. Furthermore, this approach enables Aethir to keep up with the ever-changing computational needs of generative artificial intelligence (AI) as well as various gaming apps.
About Aethir
Aethir is a GPU-as-a-service provider that concentrates on solving real computational issues while empowering sectors that rely on GPUs. The company is transforming DePIN with its sophisticated, distributed enterprise-grade GPU-based infrastructure designed specifically for AI and gaming. In this way, Aethir is establishing the path for the future of decentralized computing.
Aethir managed to secure a mid-seven-figure annual contract with the world’s largest telco, which will increase to eight figures by the second quarter of this year. They are also on track to sign three more enterprise contracts in Q1 2024, and the team has already signed three cloud gaming contracts, with over ten more expected soon, including partnerships with the world’s largest gaming company, which has 150 million+ MAU and a 22% conversion rate. As of now, the Aethir community has grown to more than 170,000 members.
Lastly, Aethir is a proud member of NVIDIA’s Inception Program, with a robust lineup of H100 chips. Aethir’s mission is supported by top investors such as Maelstrom, Mirana Ventures, Animoca Brands, Sanctor Capital, Hashkey, Merit Circle, CitizenX, IVC, Framework Ventures, and Infinity Ventures Crypto.
Media Contact:
Daniel Wang – Co-founder and CBO at Mythos Venture Partners (GP); previously at IVC (Venture Partner), YGG SEA (CIO), Riot Games (Head of International Publishing Management), and Riot Games – China (Head of Operations).
Kyle Okamoto – Chief Technology Officer. Kyle has previously held the positions of CEO and General Manager for Ericsson’s IoT, Automotive, and Security businesses, as well as CEO of Edge Gravity and Chief Network Officer at Verizon Media.
Mark Rydon – Co-founder and CEO. Mark has held key positions at NOTA Platform, Flux Capital, Gaas LTD, Kulture Athletics, Inc., and Bechtel Corporation.
About HoneyDAO
HoneyDAO is a group of DeFi influencers, experienced investors, crypto developers, and founders who collaborate to improve DeFi one project at a time. The group collaborates closely with funded projects to drive growth in the competitive DeFi ecosystem.
About Impossible Finance
Impossible Finance is a blockchain-native research advisory firm that also operates a DeFi launchpad and accelerator. The firm assists projects in getting started, raising funds, scaling, and launching their tokens, while also allowing users to learn about, discover, and invest in high-quality crypto opportunities.
Altcoins
Groundbreaking public sale for NEUTON AI on TON Blockchain announced
NEUTON is set to launch a pioneering Public Sale in Q4 2024, introducing the first AI-powered platform featuring both VPN and AI Chat services with an innovative fee rebate structure. Designed for user flexibility, NEUTON offers both fixed and pay-per-use plans, with all payments facilitated through its native NEUTON Token.
NEUTON, short for “Neural on The Open Network,” is poised to become a standout AI project on the TON blockchain. Backed by LF Labs, NEUTON is making waves with its upcoming Public Sale on the popular TON-based launchpad, Lovely Legends Launchpad. With confirmed exchange listings already on the horizon, NEUTON is generating considerable anticipation as it aims to bring advanced AI solutions to the TON ecosystem.
NEUTON Team is setting its sights on delivering top-tier quality at competitive prices, joining the ranks of industry leaders like NordVPN, Copy.ai, and Frase. With a commitment to excellence, NEUTON aims to raise the standard for AI-driven solutions in terms of both functionality and affordability.
NEUTON’s RoadMap
In a strategic move favoring Public Sale participants, the NEUTON team has crafted tokenomics that level the playing field, with pricing kept uniform across Private, KOL, and Public Sale rounds. Notably, NEUTON has opted not to apply vesting restrictions for Public Sale participants, whereas KOL and Private Round investors will adhere to vesting plans spanning 6 to 12 months. This approach reflects NEUTON’s commitment to accessibility and investor-friendly terms, making the Public Sale particularly attractive to new participants.
Website: www.neuton.pro
Telegram: https://t.me/neuton_pro
X: https://x.com/neuton_pro
Blockchain
Nium and Partior Partner on Real-Time, Cross-Border Payments, Clearing and Settlement
Nium, the leading global infrastructure for real-time cross-border payments, today announced a partnership with Partior, the blockchain-based fintech for clearing and settlement at the Singapore Fintech Festival 2024. The partnership makes Nium the first fintech payment service provider (PSP) on the Partior network. Financial institutions will be able to connect with Nium via Partior for 24×7, transparent, real-time payouts, clearing, and settlement to over 100 markets worldwide. Importantly, the connection will require no additional API integration work, streamlining what historically took months of resource-intensive work.
This new partnership builds on Nium’s recent strategy to connect more networks to its real-time payments’ infrastructure. By joining the Partior network, Nium is extending its connectivity to one of the most innovative networks in the industry. Partior’s blockchain-powered platform effectively resolves longstanding inefficiencies in global payments, such as settlement delays, high costs, and limited transaction transparency. In today’s global landscape, where companies operate around the clock, effective liquidity management is essential for both corporate and financial institutions. This collaboration allows Nium to offer its clients the ability to execute real-time multi-currency payments and Payments versus Payments (PvP) settlements, further simplifying access to its global payments network.
“Nium’s partnership with Partior brings us closer to becoming the most connected payments network globally. By integrating with advanced networks, such as Partior, we are ensuring that financial institutions can quickly and easily access our real-time payments infrastructure without the need for complex technical integrations,” said Alexandra Johnson, Chief Payments Officer at Nium. “Recognizing how resource-constrained financial institutions are, we’re eliminating barriers to using our network and increasing interoperability to deliver on our mission of having seamless and streamlined real-time payments to anyone, anywhere.”
Humphrey Valenbreder, Chief Executive Officer at Partior said, “Partnering with Nium marks a significant step in our journey to further advance the global payments landscape. By combining Partior’s real-time blockchain settlement network with Nium’s vast global reach, we’re empowering financial institutions to break down long-standing barriers. Imagine a world where cross-border payments are instantaneous, transparent, and accessible to all. This is the future we’re building together.”
As part of its continued expansion, Nium’s partnership with Partior enhances its ability to facilitate frictionless global transactions and unlock new services such as intra-day FX swaps, cross-currency repos, programmable enterprise liquidity management, and Just-in-Time multi-bank payments for financial institutions worldwide.
Nium’s growing network, supported by these strategic partnerships, is setting a new standard for how financial institutions can access and benefit from global payments, paving the way for a more efficient and transparent financial ecosystem.
About Nium
Nium, the leading global infrastructure for real-time cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 40 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.
About Partior
Partior, the blockchain-based fintech for clearing and settlement, is redefining the way value moves globally. Founded in 2021, Partior is backed by founding shareholders DBS, J.P. Morgan, Standard Chartered, and Temasek, and Series B lead investor Peak XV. Partior is addressing the operating inefficiencies experienced by industry players, including settlement delays, limited transaction transparency and high operating costs, and facilitates the movement of liquidity for financial institutions and their customers. Its network offers real-time multi-currency payments, and Payments versus Payments (PvP) settlement. Additionally, it is exploring new services including Intra-day swaps, Delivery versus Payments (DvP) settlement and enterprise solutions.
Technologies
SWGT Launches deWork: The World’s First Zero-Commission, Gamified Work Marketplace
SWG Global Ltd. has officially launched the MVP of deWork, a groundbreaking zero-commission decentralized work marketplace powered by the SWGT token, listed on multiple exchanges (MEXC, Gate, Bitget, Bitmart, Lbank) June 2024. The team has been working on a much anticipated product launch for over a year, and now they are delivering on their promises.
In line with the commitment to advancing a fair and accessible digital economy, deWork redefines freelance work through blockchain innovation, offering a platform where freelancers retain full control of their earnings, pay no commissions, and experience work as a gamified, rewarding journey.
Unlike traditional freelance platforms that impose up to 20% in commissions, deWork’s decentralized model ensures that workers keep 100% of their earnings, addressing a critical need for fair compensation in the global gig economy. Through the use of blockchain technology, deWork eliminates intermediaries, streamlines payments, and delivers a transparent, secure environment for professionals to connect directly with clients. Smart contracts drive the system, enabling instant, frictionless transactions and building trust through an immutable, decentralized ledger.
An Equitable Solution for Freelancers and Clients
In addition to fair pay and transparency, deWork leverages blockchain to bring a new level of equality to the freelancer-client relationship. Powered by smart contracts, deWork’s decentralized reputation system ensures that ratings are trustworthy and uninfluenced by third parties, allowing freelancers to maintain a transparent, verifiable work history. With an accessible, token-based platform that encourages professional growth, deWork empowers freelancers to achieve their goals without the limitations and challenges imposed by centralized work platforms.
The Vision of SWG Global Ltd.
SWG Global envisions a future where blockchain-enabled solutions foster a more inclusive economy. With deWork, SWG Global is driving the change towards a fair, decentralized gig economy—one that puts people first, eliminates unnecessary costs, and supports an empowered, secure, and enjoyable work experience.
Expanding the deWork Experience
Beyond its zero-commission framework, deWork plans introduce a unique GameFi experience, allowing freelancers to engage in play-to-earn games, transforming downtime into a rewarding opportunity. The gamified environment offers challenges, tasks, and quests where freelancers can earn SWGT tokens, providing an engaging experience that elevates the way freelancers interact with the platform. This new dimension merges productivity and play, allowing freelancers of all skill levels to actively earn, build reputation, and enjoy a fulfilling journey on the platform.
Join the Future of Work with deWork
Freelancers, clients, and digital enthusiasts are invited to join deWork at https://jobs.swg.io/ and experience a next-generation work marketplace where zero commissions, transparent payments, and gamification redefine freelancing for the digital age.
News
Deribit and SignalPlus Launch $200,000 Winter Trading Competition
Deribit, the world’s premier Bitcoin and Ethereum options exchange, in partnership with SignalPlus, a leading options trading dashboard and analytics hub, is excited to unveil the second edition of the Winter Trading Competition 2024.
This year’s competition offers participants a $200,000 USDC prize pool, along with various prizes such as iPhones, PlayStation 5s, and other rewards. Additionally, participants will benefit from valuable learning opportunities and insightful trading sessions designed to enhance their skills and strategies, making this the biggest and most rewarding crypto trading contest of the year.
The Winter Trading Competition 2024 is open to all retail participants who utilize their Deribit accounts to trade cryptocurrency options, futures and spot on the SignalPlus platform. Registrations are open and will remain open until December 9th 2024. The competition begins today November 4th to December 9th, 2024, spanning 35 days of intense trading action.
US Election Registration Bonus As an added incentive, traders who register by November 5 will receive a US Election Option, available as part of a limited-time bonus. Registrations remain open until December 9, 2024.
Luuk Strijers, Chief Executive Officer at Deribit, “We’re thrilled to launch the second edition of our trading competition in collaboration with SignalPlus. Following the remarkable success of last year’s iteration, we are excited to raise the bar even higher this time. The growth and enthusiasm we witnessed have inspired us to expand the competition, offering even more opportunities for participants to showcase and expand their skills.”
Competition Highlights:
- Prizes and Rewards: Compete in both individual and team categories, with special bonuses for team leaders and daily prize draws.
- Referral Program: Up to 10,000 USDC in rewards is available through a referral program for inviting others to register and trade on Deribit.com.
- Sign-Up Incentives : Bonuses are available for all registrations, first trades, and inviting friends, with participants eligible for prizes that range from cash rewards to tech products.
- Luxury and Variety: Participants have the chance to win various rewards, including iPhone 16s, iPads, Apple Watches, cash prizes in USDC, and travel to Thailand.
- Prestigious Recognition: Top individual winners will earn honorary certificates, while winning teams will take home trophies.
- Learning opportunities: Participants will also gain access to six master-level options AMAs (Ask Me Anything sessions) and Deribit’s product training hosted by industry experts, available absolutely free. These sessions are designed to elevate trading skills.
Chris Yu, Co-Founder of SignalPlus, added: “We’re excited to collaborate with Deribit on this landmark trading competition. At SignalPlus, our mission is to enhance the trading experience through innovation, and this event reflects that commitment. By combining our advanced technology with Deribit’s robust platform, we’re offering participants an unparalleled opportunity to engage with crypto options in fresh, dynamic ways, pushing the boundaries of strategy and skill.”
Competition Rules and Rewards:
- Individual Race: Individual participants will compete through semi-final and final stages, with prizes awarded to the top 35 traders. The highest-ranking trader will earn up to 5,000 USDC.
- Team Contest: The top five teams will win prizes ranging from 1,000 to 5,000 USDC. Additionally, each day for 35 days, one team member will win a luxurious trip to Thailand.
- Daily Draws: For 35 consecutive days, 111 lucky participants will win cash rewards daily.
- Daily Lucky Ranks: Every day, 9 special traders will receive prizes ranging from 10 to 300 USDC.
- Extra Incentives: Over 10,000 bonus prizes are available for registering, inviting friends, and making your first trade – the rewards keep flowing!
Key Details:
- Prize Pool: 200,000 USDC.
- Registration Period: October 23rd – December 9th, 2024.
- Competition Period: November 4th – December 9th, 2024.
- Registration Link: https://t.signalplus.com/activities/deribit
Seize the opportunity to compete with top traders globally and start your journey toward exciting prizes today!
About Deribit
Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures trading. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency trading, advanced risk mitigation services, and deep liquidity through a network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of all crypto options trading and adheres to robust proof of assets and liabilities procedures to ensure the highest standards.
About SignalPlus
SignalPlus provides a world-class options trading dashboard that covers risk tracking, profit/loss attribution, strike and theta analysis. Users can execute multi-legged orders with embedded algorithms to minimize slippage and conduct in-depth profit/loss and exposure assessments using simulation tools and scenario analysis. SignalPlus also automates delta hedging across varying market conditions and offers real-time trade notifications through Telegram, empowering traders with the insights and tools needed for successful trading.
Blockchain
SingularityDAO Approves Merger With Cogito Finance and SelfKey Following SDAO Community Vote
SingularityDAO has concluded a community vote to determine its proposed merger with Cogito Finance and SelfKey. SDAO holders voted overwhelmingly in favour of the merger, enabling SingularityDAO to press ahead with plans to form Singularity Finance, an EVM Layer 2 for tokenising the AI economy.
The proposal to merge with Cogito Finance and SelfKey and combine technologies to create Singularity Finance was put to SDAO holders via Snapshot, the popular governance framework. More than 15M SDAO were used in the voting process with 94.78% of the tokens utilised approving the merger.
SingularityDAO Co-Founder Mario Casiraghi said: “We’re grateful to all SDAO holders for participating in this pivotal governance vote and having their say on the future of SingularityDAO. With their approval, we will now move ahead with the proposal to create Singularity Finance as an L2 that combines the best elements of SingularityDAO with those of our partners SelfKey and Cogito Finance to accelerate DeFi and AI innovation.”
Following the governance vote, SingularityDAO is poised to proceed with the merger pending an imminent community vote on behalf of KEY holders that will determine SelfKey’s position. The creation of Singularity Finance would enable the three projects to align to develop solutions across all stages of the Artificial Intelligence (AI) value chain.
Singularity Finance has been conceived with the goal of supporting an array of AI-driven financial services including RWA tokenisation and onchain identity management. Through positioning itself as a leader in the rapidly growing AI economy, the Layer 2 will attract developers and users seeking to gain exposure to the new use cases and assets the industry supports.
Cloris Chen, CEO of Cogito Finance, shared in a quote: “The overwhelming community support for the SFI merger is a powerful testament to the shared vision we have for the future of finance. By combining our expertise and technologies, we are poised to unlock unprecedented opportunities at the intersection of AI and DeFi. Singularity Finance will be a leading force in driving innovation and accessibility in this dynamic landscape, empowering individuals and institutions alike.”
The existing AI-powered portfolio management services SingularityDAO currently provides will be enhanced by the incorporation of compliance and RWA tokenisation solutions courtesy of SelfKey and Cogito Finance respectively. This will include financial tools that enhance and automate analysis, portfolio, and risk management leveraging SingularityDAO’s AI-driven DynaVaults and other technologies.
The proposed merger will see a leadership council for Singularity Finance established to oversee operations of the newly merged financial ecosystem. The council will be led by Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance; Cloris Chen, CEO of Cogito Finance; and Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO.
About SingularityDAO
SingularityDAO is a decentralised Portfolio Management Protocol designed to democratise access to sophisticated crypto asset management tools. The upcoming DynaVaults, multi-asset, multistrategy vaults leveraging AI-enhanced analytics and risk management tools, provide the much needed infrastructure in the volatile world of DeFi.
Learn more: https://singularitydao.ai/
Technologies
Crypto Bullseye Zone™ Launches Innovative Crypto Education Membership Platform on 16th Anniversary of Bitcoin Whitepaper
Empowering people to learn Mistake-Free Crypto™ and embrace the next wave of mass adoption
In commemoration of the 16th anniversary of Satoshi Nakamoto’s groundbreaking Bitcoin Whitepaper, Crypto Bullseye Zone™ proudly announces the launch of its unique crypto education membership and crypto coaching platform. Designed to help people navigate the crypto space confidently and securely, the platform is set to support the next wave of crypto mass adoption.
Experience-Driven Expertise
“After witnessing countless people lose assets and fall victim to scams, I’ve distilled my extensive knowledge into a comprehensive system,” explains founder Kirk David Phillips, CPA, CMA, CFE, CBP.
With over 20,000 hours of experience and multiple professional certifications, Phillips offers a trusted educational platform at cryptobullseye.zone, addressing the common concerns of “Where do I start?” and “Who can I trust?” in the crypto space.
Solving the Crypto Education Trilemma
The crypto education trilemma highlights the challenges many face:
- Overwhelming information: There’s too much to learn and not enough time.
- Missed opportunities: You’ll miss too many opportunities.
- Costly mistakes: You’ll make too many mistakes you can’t afford.
Crypto Bullseye Zone™ addresses this trilemma through a system emphasizing risk management and security. Phillips notes, “In crypto, you are your biggest risk. Recognizing this empowers you to succeed confidently.”
Cultivating the Crypto Mindset™
Success in crypto requires the right mindset. Crypto Bullseye Zone™ offers the Crypto Mindset™ to help you minimize self-inflicted risks and maximize your crypto success.
Inspired by Benjamin Graham’s quote, “The essence of investment management is the management of risk, not the management of returns,” our platform incorporates three principles into the Crypto Mindset™:
- Get educated
- Follow a process
- Be prepared
Who Is This For?
Crypto Bullseye Zone™ caters to individuals seeking financial autonomy in this new asset class. Unlike traditional finance, crypto success requires personal involvement and education. It’s ideal for those ready to take charge of their financial future through active learning and participation.
Crypto Bullseye Zone™ is ideal for:
- Newbies eager to learn about crypto.
- People serious about managing their own investments.
- Business owners and startups looking to benefit from crypto.
- Professionals seeking to upskill their crypto intelligence.
- Experienced crypto investors who want to elevate their crypto game.
What Crypto Bullseye Zone™ Is Not
- A source of investment advice
- A service that recommends specific investments
- A financial advisory service
“Information about crypto is more valuable than crypto itself,” says founder Kirk David Phillips, CPA, CMA, CFE, CBP
Bridging the Trust Gap
A Pew Research study found that “roughly six-in-ten Americans (63%) have little to no confidence that current ways to invest in, trade, or use cryptocurrencies are reliable and safe.” This widespread skepticism can be easily solved with the right comprehensive education platform.
Poised for the Next Wave of Global Adoption
There’s a massive wave of worldwide crypto adoption on the horizon, and Crypto Bullseye Zone™ is leading the charge. According to The State of Global Cryptocurrency Ownership in 2024 by Triple-A:
- 6.8% of the world’s population (562 million people) own crypto in 2024.
- Crypto ownership has surged with a 99% compound annual growth rate since 2018.
Hundreds of millions more will join the crypto space in the coming years, all needing a trusted education system like Crypto Bullseye Zone™.
Don’t Miss the Next Golden Opportunity
Ark Invest research consistently forecasts Bitcoin reaching $1.5 million by 2030 in their annual Big Ideas Report. Most people are poised to miss this golden opportunity due to lack of knowledge.
Take Action Now
Don’t be left behind. Start your crypto education journey today at cryptobullseye.zone.
Membership Options
- Bullseye Basic: Access to four introductory courses and a wide range of free content on the website.
- Bullseye Pro: Access to comprehensive crypto course library, expert analysis and curated opportunities, personalized insights from a crypto pioneer, and continuous learning opportunities with additional courses added monthly.
- Satoshi Insiders: Everything included in Bullseye Pro, plus a one-time crypto coaching session, monthly insiders-only events, monthly Ask Me Anything (AMA) sessions with founder Kirk Phillips, and a signed, hardcover copy of The Crypto Tax Blueprint.
- Crypto Coaching: Access to live coaching with founder Kirk Phillips, including packages for group coaching or one-on-one personalized guidance. All coaching packages come with a Satoshi Insiders membership and courses.
Limited Time Offer
Special Offer: The first 100 founding members receive a 50% lifetime discount using discount code SATOSHI at checkout.
As Always, Your Goal Is to Get a Crypto Bullseye™
About Crypto Bullseye Zone™
Crypto Bullseye Zone™ is dedicated to providing mistake-free crypto education with a focus on risk management and security. Founded by Kirk David Phillips, a seasoned crypto expert and educator, the platform empowers individuals to take control of their financial futures through comprehensive education and actionable insights.
News
Magma to build out liquid staking on Monad and restaking with Ether.fi following $3.9M seed fundraise
Following a $3.9M seed round with participation from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom and others, Magma is building MEV-powered liquid staking on Monad. Additionally, Magma will partner with Ether.fi to build the first Restaking integration on Monad. In the last few months, Magma has solidified partnerships with a network of best-in-class validators, including Staked (as part of Kraken), P2P, A41, Validation Cloud, Everstake, Chorus One, Finoa Consensus Services, Bware Labs alongside core DeFi primitives, including Ether.fi, Wormhole, Pyth, Switchboard, LFJ (Previously Trader Joe), Curvance, and others. The Magma Team was founded by David Mass and Meir Bank, who were previously at Citibank and AngelDAO.
Additional Investors in the round included Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Relayer Capital, and others. Angel investors who contributed to the fundraise included Meltem Demirors, Kartik Talwar, Mike Silagadze, Alan Curtis, and Ben Lakoff.
With this investment, the company plans to further develop its liquid staking platform and MEV (Maximal Extractable Value) architecture. MEV is the additional value that can be extracted during block production beyond the standard block reward and gas fees. This is achieved by manipulating the inclusion, exclusion, or ordering of transactions within a blockchain.
David Mass, Co-founder and CEO, said: “We have been actively building in the space for a few years and committed to building in the Monad ecosystem in the Summer of 2023. We wanted to build a brand and a community inspired by the overarching success similar to Monad’s parabolic growth. We have a fun brand, but most importantly, we are focusing on building a best-of-breed product for our category type, which will be vetted by some of the best auditors in the space.”
Looking ahead to Q4
“We have been working diligently on pipelining strategic partnerships throughout the Monad ecosystem. The next few months will be exciting as we look forward to launching on testnet and eventually mainnet with a unique community points program,” Mass explains.
About Magma
Magma is a decentralized Liquid Staking Protocol built on the Monad Network, an Ethereum-compatible Layer 1 blockchain. Users of Magma will be able to stake their Monad tokens in exchange for gMONAD, a liquid staking token (LST) which allows users to retain their liquidity to utilize throughout the Monad ecosystem and earn staking rewards. Magma is also building MEV infrastructure for Monad to maximize the performance of the Monad Network. Magma users will be able to utilize their LST to earn restaking rewards with Ether.Fi.
Blockchain
Solv Strengthens Core Blockchain with Its Addition as a New Validator
The Core Foundation, the entity committed to growing Core’s leading BTCfi ecosystem, has announced the addition of Solv to its validator set, a significant step in enhancing the security and decentralization of the Core blockchain ecosystem. The move comes as the network continues to expand its footprint in the Bitcoin staking and BTCfi space.
Validators on the Core blockchain play a crucial role in maintaining the integrity of the network. They validate transactions, produce new blocks, and ensure that the blockchain adheres to its rules and protocols. Solv, the leading Bitcoin Staking Platform, will now help safeguard the Core ecosystem. Their election as validators underscores Core’s commitment to building a robust and secure network.
This addition comes as Solv has recently announced that it has successfully raised $11 million at $200 Valuation, bringing its total funding to $25 million. The new capital will fuel the expansion of their Staking Abstraction Layer (SAL), advocating to drive mass adoption of Bitcoin Staking. The round included Nomura subsidiary Laser Digital, Blockchain Capita, OKX Ventures, and Core Ventures, the strategic venture arm of the Core blockchain. Solv Protocol’s SolvBTC product has more than 20,000 BTC staked ($1.3 billion) deployed across 10 major blockchain networks. More recently in early October, Core and Solv joined forces to launch SolvBTC.CORE, a Liquid Staking Token for Bitcoin, where 500 SolvBTC were staked to SolvBTC.CORE in under 2 hours. Contributing to this traction is Core Ignition Drop, an incentive platform where participants can further enhance their yields through DeFi activities.
“At Solv, we are thrilled to join forces with Core as a validator and to contribute to securing the next wave of Bitcoin innovation. With SolvBTC.CORE, we enable users to stake their Bitcoin and earn real yields, while keeping full liquidity and tap into DeFi applications. Our Staking Abstraction Layer (SAL) simplifies and standardizes Bitcoin staking. SolvBTC.CORE is one of the first products introduced within the SAL framework, serving as a testament to our mission of making Bitcoin staking more accessible to everyone,” said Ryan Chow, Co-founder & CEO of Solv Protocol.
Core’s unique approach to security combines Bitcoin’s mining power with an Ethereum-compatible blockchain infrastructure. Around 55% of Bitcoin’s mining hash power contributes to securing Core, which operates using the Satoshi Plus consensus mechanism—an innovative model that merges Delegated Proof of Work (DPoW) with Delegated Proof of Stake (DPoS). This allows Core to benefit from Bitcoin’s established security while supporting smart contract execution and decentralized applications.
The validators’ role goes beyond just security. Through an epoch-based election cycle, validators like Solv are elected based on the Bitcoin and CORE tokens staked in their favor, as well as the Bitcoin hash power delegated to them. Validators are rewarded for their efforts and share these rewards with delegators who stake CORE tokens or contribute hash power.
With the addition of Solv, Core aims to further decentralize its network while increasing the trust and stability of the blockchain. As Core continues to grow, these collaborations highlight the increasing confidence in the network’s security model, attracting both institutional and individual participants.
Core launched Non Custodial Bitcoin staking in April 2024, allowing users to earn a risk-free return by locking their Bitcoin in time-locked contracts, without giving up custody. This product has seen significant adoption, with nearly 5,000 Bitcoin staked, as it provides an opportunity for Bitcoin holders to generate yield without additional risks. Furthermore, the BTCfi ecosystem on Core is already growing, with over 400 million dollars in TVL and more than 80,000 daily active users. Core’s ecosystem supports DeFi applications, staking, payments, gaming, NFTs and more, all built on Bitcoin’s secure foundation.
This latest development marks an important milestone for Core as it seeks to strengthen its position as a Bitcoin-aligned, secure blockchain platform.
About Core
Core serves as the Proof of Stake layer for Bitcoin as the first enabler of Self-Custodial Bitcoin Staking, which secures a fully EVM-compatible BTCfi ecosystem. Since April 2024, over 6,000 BTC valued at more than $394 million have been staked with Core, enhancing Bitcoin’s utility and security.
Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security. This breakthrough has amassed millions of Core adopters – over 22.5M unique addresses, 292M+ transactions, and over 444M TVL since its mainnet launch in January 2023.
Altcoins
ALIENX Launches AIX Airdrop with Trading Now Live on Bitget and Gate.io
ALIENX, the revolutionary AI-powered and EVM-compatible blockchain, is excited to announce the launch of its AIX token airdrop. The AIX token is now available for trading on major cryptocurrency platforms, including Bitget and Gate.io, offering global users an exciting opportunity to engage with the ALIENX ecosystem and participate in the future of blockchain innovation.
The ALIENX blockchain, which has successfully raised $17 million in funding, is a cutting-edge platform driven by AI Nodes and designed for maximum scalability and efficiency. Built on Arbitrum Orbit technology, ALIENX is designed to be fully compatible with the Ethereum Virtual Machine (EVM), providing seamless interaction with existing decentralized applications (dApps) while unlocking new levels of performance and functionality through artificial intelligence integration.
The AIX token, the native governance token of the ALIENX network, is the key to unlocking the full potential of the ecosystem.
The official launch of the ALIENX blockchain was achieved in strategic collaboration with several leading blockchain organizations, including AlienSwap, Offchain Labs, and Caldera. This partnership ensures a robust foundation for the network, enhancing security, scalability, and user experience.
For those who have previously interacted with the ALIENX network, the airdrop is available for claiming through the official website. Users can visit https://alienxchain.io/claim-aix to check their eligibility and claim their AIX tokens.
“We are thrilled to officially launch the AIX airdrop and make AIX available for trading on platforms like Bitget and Gate.io,” said a spokesperson for ALIENX. “This is just the beginning of what we believe will be a transformative journey in the blockchain space, leveraging AI to redefine how decentralized networks operate. We invite users from across the globe to join us and become part of the future of blockchain technology.”
About ALIENX
ALIENX is an AI Node-powered blockchain that is fully compatible with the Ethereum Virtual Machine (EVM), designed to offer unparalleled scalability, efficiency, and performance. With a focus on integrating artificial intelligence to enhance decentralized networks, ALIENX aims to lead the next generation of blockchain innovation. The project has secured $17 million in funding and is supported by strategic partnerships with key industry leaders.
For more information, please visit www.alienxchain.io
Blockchain
Chainlink Data Streams Is Now Live on opBNB To Power Secure DeFi Markets on the Optimized Layer-2 Solution
Chainlink, the industry-standard decentralized computing platform, and BNB Chain, a community-driven blockchain ecosystem of Layer-1 and Layer-2 scaling solutions, announced today that Chainlink Data Streams, the all-in-one data solution for the DeFi market, is now live on opBNB, a high-performance layer 2 solution, with KiloEx, a decentralized perpetual exchange as a launch user for Data Streams on opBNB to help power their decentralized perpetuals.
opBNB is a layer-2 scaling solution for BNB Chain. It enhances scalability by offloading transaction processing and resource usage from BNB Chain while posting data to mainnet. Users can easily deposit funds from BNB Chain to opBNB, allowing them to interact with various applications and smart contracts on the network. The sequencer aggregates transactions, computes state transitions, and submits them to the rollup contract on BNB Chain, while provers generate cryptographic proofs to verify these transitions. opBNB can support up to 5,000-10,000 transactions per second (TPS).
“Chainlink Data Streams will significantly enhance the capabilities of high-performance DeFi applications on our optimized layer-2 solution. Data Streams’ low-latency delivery of market data, coupled with its battle-tested infrastructure, made it an obvious choice for the opBNB ecosystem.”—Marwan Kawadri, Head of EMEA, BNB Chain.
BNB Chain adopted Chainlink Data Streams as its preferred low-latency oracle solution for opBNB because it supplies premium high-frequency market data using proven Chainlink infrastructure. Not only does Data Streams deliver unmatched functionality—with advanced features such as liquidity-weighted bid-ask spreads and sub-second execution speed—but it does so without compromising on transparency and decentralization.
“We’re excited to see Chainlink Data Streams integrated on opBNB, as this will significantly increase the security and reliability of high-performance DeFi apps on the layer-2 network.”—Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs.
“We’re excited to have opBNB adopt the ultra-low-latency Chainlink Data Streams to bring highly accurate and reliable price information to the BNB Chain layer-2 solution. KiloEx is integrating this sub-second data to power our perpetuals and facilitate accurate and timely liquidations.”—Joey, Kiloex Founder.
If you’d like a deep dive into how Chainlink Data Streams works, read Chainlink’s blog post. If you’re a developer and want to start building with Chainlink Data Streams, check out the developer docs.
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $16 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
- BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
- opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
- BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.
Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.
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