WWR #49: Binance Boosts Polkadot, Subsocial's Staking Milestone & Manta Token Airdrop
2024-02-04
Welcome back to our Weekly Web3 Recap #49
In this edition, we'll zoom into:
Binance and Polkadot's Ecosystem Synergy: Witness the power play as Binance propels Polkadot's ecosystem to new heights.
Subsocial's Staking Sensation: How a historic 50x gain is reshaping the landscape.
Manta Network's Airdrop Avalanche: Find out how the MANTA token drop is making DeFi waves.
Nodle's Compliance Crusade: Learn about how ContentSign is shaking hands with the EU AI Act.
...and that's just the tip of the iceberg!
🔍 Ready to dive in? Let’s get started!
Polkadot GENERAL NEWS
Breaking: Binance Bridges the Gap for Polkadot's USDC Flow
Binance ignites USDC liquidity on Polkadot by enabling deposit and withdrawal functions to and from Polkadot's AssetHub, paving the way for greater institutional engagement.
Over 150 million Binance users get the green light to effortlessly transition their USDC assets between the centralized exchange and Polkadot's ever-evolving ecosystem, promising an enriched user experience.
Subsocial's Staking Surge Sparks Epic January Growth!
Active Staking elevates Subsocial with network activity skyrocketing to 50x its usual rate, making January 2024 a historic month.
Ecosystem Expansion: Subsocial teams up with MEXC, integrates video support via Gleev, while Sub.ID now tracks transaction histories, signaling robust platform enhancements.
Surf the DeFi Wave: Manta Network's Big Splash with MANTA Token Airdrop
Manta Network distributes 30,000 MANTA tokens to users who bridged TIA via Hyperlane for the burgeoning Pacific DeFi ecosystem.
Unlocking the Future of Cross-Chain Interaction with Ocelloids
Ocelloids' XCM Monitoring Server: A cutting-edge tool providing real-time notifications for cross-chain program executions, paving the way for enhanced interoperability and a snugly interconnected blockchain network landscape.
Open-source, Decentralized, and Incentivized: The project commits to open-source principles, invites the community to run their own servers, and plans to incorporate tokenomic incentives to reward participation and fuel a decentralized monitoring network.
Conquering Compliance: How Nodle's Blockchain Mastery Aligns with the EU's AI Act
Nodle's ContentSign solution uses blockchain to ensure media and data authenticity, meeting strict European Union AI Act compliance for high-risk sectors.
The Click camera app by Nodle is creating a digital trust network to combat AI-generated fake news, providing creators with a platform to authenticate and publish verifiable content.
Crust Network's January Update Unveiled: Innovations & Alliances Amplify Crypto Space!
With a freshly revamped homepage, Crust Network didn't just stop there. They also fixed a tricky Polkadot issue and put their productivity on display with Crust metrics now integrated on chainspect.app.
The crypto cosmos often revolves around collaboration, and Crust Network proves it by announcing partnerships with big names such as Algorand, Movement Labs, and PINK plus they’re revving their engines in the Blast Big Bang Competition.
Polkadot NFT NEWS
Unleash the Roar: Discover the Wildsama Metaverse!
The Wildsama Lions collection isn't just another set of NFTs – these digital lions are bonded to 400 real-life counterparts in Africa, making your investment a truly wild experience.
Embrace the challenge of earning your Wildsama Lion's companionship through immersive gamification, adding a layer of engagement to your NFT interaction in the Pondsama Metaverse.
Unlocking Effortless Bitcoin Trading: Discover the BUDDIES Algorithm!
Harness the power of the BUDDIES algorithm, an innovative auto copy-trading system granting BUDDIES owners free entry to the world of automatic Bitcoin trading.
Revel in the impressive track record of the BUDDIES system, which has been executing highly successful trades throughout the year, and explore how to join the trading revolution through the informative video.
Embark on the Alpha Adventure with Evrloot's "Expeditions"!
Alpha Test Unveiled: Evrloot has rolled out the alpha testing phase for its innovative game mechanic, "Expeditions," bringing selected community members on board for a trial run that's all about refining the experience.
NFTs Meet Real-Time Strategy: The aim is to intertwine the allure of NFTs with the thrill of real-time gameplay, crafting a casual yet profound gaming experience that’s both fun and potentially rewarding.
Don't Miss Out: Migrate to BUDDIES® OG's for Exclusive SAMA Rewards!
Get Rewarded: Complete your migration to BUDDIES® OG's on RaresamaNFT before Feb 1st and snag not just one, but two ExosamaNFTs, plus a chance to win a hefty 10k SAMA prize!
Attention, Collectors: This is a unique opportunity for BUDDIES® OG's users and NFT aficionados to enrich their collection while getting ample rewards. Don't let the clock run out—migrate now!
BUDDIES® Strikes Gold with Sustainable Bitcoin Mining Launch!
Efficiency Meets Income: Not only are we talking high-efficiency mining that'll make tech geeks swoon, but BUDDIES®'s new setup is a money-making powerhouse, providing Buddies Bank, Moonbank, and savvy individual holders with a robust stream of passive income.
Future-Proofing the Blockchain: This isn't just a flash in the pan. BUDDIES® is laying down a sustainable foundation that ensures the future glow of the project isn't just a flicker in the digital realm, but a lasting beacon in the crypto universe.
Polkadot DeFi NEWS
Score Big Hunting Bugs for HydraDX: 100K Awaits Savvy Whitehats!
Bounty Bonanza: DeFi's own HydraDX is rolling out a hefty 100,000 prize pool for eagle-eyed techies who can sniff out vulnerabilities in its aquatic lair—all before the tide turns on March 1st.
Polkadot Protector's Quest: By fortifying HydraDX's defenses, you're not only pocketing some sweet loot but also bolstering the robustness of the larger Polkadot ecosystem. Dive into the code4rena website to embark on this lucrative adventure!
PEN Makes Waves in DeFi: Now Trading on Stellaswap's Moonbeam DEX!
Pendulum's PEN token has hit Stellaswap's decentralized Moonbeam AMM, amplifying its reach within the DeFi sector and bolstering its presence alongside MEXC.
The integration of PEN with EVM and the XCM channel fosters a new level of interoperability, bridging traditional finance with the vast realm of decentralized protocols in the Polkadot ecosystem.
Surging Seas and Sky-High Stakes: Bifrost's vMANTA Launches & vDOT TVS Hits New Heights
vMANTA is Live: Bifrost's much-anticipated vMANTA product has set sail, coinciding with vDOT's Total Value Staked (TVS) reaching record-breaking highs—up by a whopping 33% this month!
TVL Surpasses 87 Million: Bifrost's Total Value Locked (TVL) anchors down at an impressive 87,826,480, showcasing the protocol’s robust growth and the soaring confidence of its community.
CRYPTO NEWS
Picasso Network Rolls Out MANTIS Games – Ignite Your Team Spirit on Solana!
MANTIS Games sparks a unique team-based competition, where participants harness the power of NFTs to earn PICA token rewards from a 17.5 million pool, with a significant 20% distributed at the Token Generation Event.
The innovative Restaking Vaults on Solana now accept SOL, jitoSOL, mSOL, and bSOL, limited to an early cap of 50,000 SOL, promising a fresh realm of yield-generating strategies for savvy investors.
The Future of Digital Collectibles? Binance's New Inscriptions Marketplace Unveiled
Binance steps into the future of Bitcoin collectibles with its Inscriptions Marketplace, allowing inscriptions and trading of Bitcoin BRC-20 tokens like ORDI, and supporting Ethereum Virtual Machine tokens.
Igniting debate among Bitcoin Core developers, BRC-20 tokens leverage the Ordinals protocol to inscribe data onto individual satoshis, with Binance and wallets like Phantom integrating this controversial yet burgeoning token standard.
German Police Confiscate a Staggering 2.1 Billion in Bitcoin from Cyber Pirates
Record Breaker: This seizure isn't just a drop in the ocean; it marks one of the most significant crackdowns in cryptocurrency history, punctuating the narrative that crypto is not a safe haven for illicit activities.
Criminals Beware: The grip of law enforcement on money laundering schemes tightens, showcasing the increasing sophistication in tracking and seizing digital assets associated with criminal syndicates.
Is the Tide Turning for Grayscale's Bitcoin Trust?
Outflow Slowdown: JPMorgan analysts have spotted the outflows from GBTC cooling off, possibly signaling a calmer sea ahead for Bitcoin.
Fee-Induced Swap? With a hefty fee of 1.5%, investors might opt to jump ship to more economically efficient ETFs, potentially shaking up the trust's dynamics.
Buddies Street News
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Friends & Family
Feel stressed, or want an excellent start to your day?
Try Phunky Phresh Twitter Spaces – 10 Mindful Minutes to Start Your Day.
Want to learn more about Governance on Polkadot?
Take a look at the Polkadot Referendum Roundup – Your Periodic Dose of Polkadot Governance
// See you next week!
Good to read this in full again after some weeks of missing them :-(
I had no idea about the Bitcoin confiscation in Germany!
And as far as the vMANTA on Bifrost, I sent BBF the few tokens we had to claim (did the entire thing way too late and only deposited ETH around Christmas, so we didn't have many boxes or NFTs), and she learned how to bridge, go cross-chain within the Polkadot eco, and finally stake them on Bifrost. She's becoming quite the crypto pro!
Thanks for keeping us all up to date, aemonk :-)