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Wormhole's Connect upgrade streamlines cross-chain asset transfers with enhanced functionality, reducing wait times and improving user experience.

With a minor recovery in Bitcoin after a crash from $65K to $60K amid global market corrections, the altcoins are rising again. Amidst the relief, some quick-to-react altcoins are teasing a price jump in a bull market ahead.

Wormhole (W) has surged by 40.8% over the past 24 hours, breaking through significant resistance levels and drawing attention from traders and investors alike. This dramatic rise, coupled with a substantial increase in open interest, indicates that confidence in the cryptocurrency is stronger than ever.

The Open Interest increased by nearly 50% to stand at $64.8 million in 24 hours, showing firm bullish conviction.

Wormhole (W) has seen a dramatic spike in trading volume, reaching $500 million following its debut on the major South Korean exchange Upbit. The listing came amid an unfavorable market condition that saw liquidated million in the last 24 hours.

It has been a brutal week for cryptocurrencies as most of them erased gains made last week when investors cheered the Federal Reserve interest rate cuts and the robust stimulus from Chna, the second-biggest economy worldwide.

A cross-chain protocol's altcoin is soaring after Korea's biggest crypto exchange announced support for trading. Messaging protocol Wormhole (W) shot up from a 24-hour low of $0.28 to a current value of $0.37, a more than 32% increase after crypto exchange Upbit announced support on the Solana (SOL) network. With a market cap of $959.

Despite Bitcoin's plunge below $63,000 due to Middle East tensions, W, CFX, and OM surged, bucking the broader market trend.

Wormhole's token went up by 20% after South Korean cryptocurrency exchange Upbit announced that the W token has been listed for trading on the KRW, BTC, and USDT markets.

Cryptocurrencies, stocks, and other risky assets received another catalyst on Friday, Sept. 27, after the U.S. government published encouraging inflation data.

Cryptocurrency Market Overview: The overall market capitalization of cryptocurrencies worldwide has increased by 1.75% in the last day to reach $2.3 trillion, indicating that the market is still on the rise. The 24-hour volume increased 31.14% due to increased trading activity, reaching $89.75 billion.

Securitize has partnered with Wormhole Foundation to enable cross-chain interoperability for all assets tokenized on its platform, according to a Sept. 20 announcement.

Easier cross-chain transferability for RWAs is crucial to institutional adoption, executives say.

Real-world-asset (RWA) tokenization infrastructure provider Securitize has chosen Wormhole as its official interoperability provider to facilitate cross-chain transfers for all tokenized assets on its platform. The partnership aims to enhance liquidity and accessibility for tokenized assets while bridging traditional and decentralized finance systems.

Sky, a decentralized finance protocol rebranded from MakerDAO, is set to utilize Wormhole's technology to bring its native tokens to Solana, enhancing its multichain capabilities.

TL;DR Securitize partners with Wormhole to offer blockchain interoperability, increasing the flexibility and liquidity of tokenized assets. The integration will allow issuers and investors to manage and transfer assets seamlessly across different blockchain networks. The collaboration strengthens institutional adoption of digital assets and facilitates access to new opportunities in decentralized finance.

Sky, formerly known as MakerDAO, plans to launch its decentralized stablecoin, USDS, on Solana using the Wormhole interoperability protocol. Rune Christensen, Sky's founder, announced the move during the ongoing Solana Breakpoint conference on Sept.

Both current and future products from Securitize will benefit from the Wormhole partnership, enabling them to function across various protocols, including both private and public blockchains.

Securitize has integrated with Wormhole to bring cross-chain utilization and capabilities to assets tokenized via its platform. The Wormhole (W) token rose slightly amid the news, with W price reaching highs of $0.25. W price was up 5% in the past 24 hours and 17% in the past week. In an announcement on Sept.

Securitize integrates Wormhole for cross-chain tokenized asset transfers, enhancing liquidity and accessibility across blockchains. The post BlackRock tokenization partner taps Wormhole for cross-chain RWA transfers appeared first on Crypto Briefing.

BlackRock-backed Securitize partners with Wormhole for further developments in cross-chain tokenization.

Securitize has partnered with Wormhole to integrate cross-chain capabilities for all tokenized assets on its platform.

The OI-weighted funding rate was positive after a minor dip to negative territory on the 17th of September, showing bullish sentiment.

Blockchain interoperability protocol Wormhole has successfully paved the way for World IDs on the Solana blockchain. Solana builders and developers will have the capacity to integrate World ID on Solana-based protocols.