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Gnosis Chain is set to implement its own version of “The Merge,” transitioning from a Proof-of-Authority (PoA) consensus mechanism to Proof-of-Stake (PoS). Gnosis Chain, formerly known as xDai Chain, is one of the early sidechains of Ethereum and operates within the Gnosis (GNO) ecosystem—a platform for prediction markets. The
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Derivatives exchange BitMEX has introduced a new swap contract for staking yield on Ethereum (ETH) via Lido Finance. BitMEX Launches Swap Contract for Ethereum Staking Yield The contract offered by BitMEX is called the ETH Staking Yield Swap (ETHYLD). This contract allows traders to either go long or short on
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On the afternoon of December 8, the price of Waves (WAVES) plummeted sharply after Upbit, a major Korean exchange, issued a warning due to the USDN stablecoin losing its peg to $1. Update on December 9: On the morning of December 9, Waves issued an official statement addressing the concerns
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The new staking product is set to provide additional incentives for the growth of Chainlink, according to co-founder Sergey Nazarov. Chainlink, the leading oracle platform, has officially rolled out Staking v0.1 to enhance the network’s security. Currently available for early access users, the feature will be fully open
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After a period of silence, Optimism (OP) has finally announced a new grant initiative to fund ecosystem development with OP tokens. Optimism Announces $10 Million OP Grant for Valuable Projects Optimism (OP), the Layer-2 scaling solution for Ethereum, launched its OP token in June through a controversial airdrop. At the
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Tether has announced the addition of the offshore Chinese Yuan (CNH₮) to the Tron blockchain. Bitfinex is the first exchange to support CNH₮ deposits and withdrawals. Tether Launches Offshore Chinese Yuan (CNH₮) on Tron On December 6, Tether, the largest stablecoin issuer in the market, revealed that it has integrated
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Mercurial Finance (MER), a DeFi platform built on the Solana blockchain, is undertaking a major overhaul of its brand, community, and token distribution following the impact of the FTX collapse. The restructuring plan, announced by Mercurial Finance on December 6, is named “Meteora.” This initiative aims to address the widespread
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Hooked Protocol, a project backed by Binance and BNB Chain, has officially launched and announced an airdrop for its users. According to an announcement made about an hour ago, the airdrop is designed to reward deserving members who have supported and trusted the project from the early days, serving as
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Decentraland (MANA) has officially rolled out a new feature allowing virtual landowners to lease their assets and generate passive income. The new feature from Decentraland will enable users who own virtual land within the project's metaverse to effectively become real-world landlords. Owners can now officially rent out their
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With the Ethereum network seeing reduced activity recently, the amount of ETH generated from staking has once again surpassed the amount of ETH burned from transaction fees. According to data from Ultrasound.money, Ethereum's (ETH) annual inflation rate has climbed back to 0.08% as of December 6.
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Bitcoin mining difficulty dropped by 7.32% on December 6, as BTC miners shut down operations amid the ongoing brutal market downturn. According to data from BTC.com, the Bitcoin mining difficulty adjustment at block 766,080 fell by 7.32%, marking the largest decrease since July 2021. This was
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The AXS token of the blockchain game Axie Infinity has seen a strong recovery over the past 48 hours, thanks to a series of new updates from the project. On December 5 and 6, the team behind the once-famous blockchain game Axie Infinity released several notable updates, driving a remarkable