Osmosis is partnering with ICP-built Omnity network in order to provide a service for bridging non-custodial BTC into Cosmos.
Bitcoin has once again surged above $60k causing the entire cryptocurrency market to turn bullish with tokens like Orchid (OXT), Osmosis (OSMO), Peercoin (PPC), and Pendle (PENDLE) causing a buzz due to their price performance.
TL;DR Osmosis launches Polaris, a “token portal” that simplifies cross-chain trading through a single interface, addressing fragmentation in DeFi. Polaris will allow users to operate with tokens from various networks, such as Ethereum and Solana, without the need for multiple wallets or bridges.
The team behind the Cosmos-based decentralized exchange (DEX) Osmosis said it is preparing to launch a new project called Polaris that they've been developing in stealth.
Osmosis, the leading interchain decentralized exchange (DEX) and DeFi hub on Cosmos has unveiled plans for a new product called Polaris, described as a “Token Portal” designed to address fragmentation issues in the digital assets ecosystem.
Osmosis has introduced the Polaris portal, a solution to the fragmentation that crypto users face across decentralized finance. With crypto's increasing popularity, the number of different blockchains and their associated ecosystems has surged.
Polaris is described as a "token portal" aimed at solving one of decentralized finance's biggest challenges: fragmented user experience.
The former FTX chief of staff reportedly “donated” FTT tokens he had obtained at a price of $0.05, later selling them after public trading opened for $1.
Story Highlights The live price of FTX is . FTX price, with a potential surge, could go as high as $1.62 by the end of 2024. FTT price could reach a high of $14 by the end of 2030. FTX (FTT) Token shows intriguing movement in 2024 as the bulls are gradually making a comeback.
Despite increased selling pressure within the cryptocurrency market, the FTX price has recorded a bullish price action since the week started. This indicates an increase in the buying-over-selling pressure for the altcoin in the crypto space.
As major cryptocurrencies experience a slight downturn, PAX Gold (PAXG) has managed to maintain its value above $2,390. This stability comes as Bitcoin (BTC) and Ethereum (ETH) face declines, reflecting a broader market trend. On Tuesday, Bitcoin, which had surged to over $68,000 earlier in the week, fell to approximately $66,000 by 2:20 PM ET.
FTX restructuring plan has encountered a major obstacle, particularly affecting holders of the exchange's native FTT token. The official committee of FTX unsecured creditors recently made an announcement that has caused concern in the crypto community.
Following a successful DAO vote with 99.6% approval, Nomic, which offers a decentralized, non-custodial Bitcoin bridge to IBC-enabled chains like Osmosis, aims to enhance Bitcoin liquidity on the Osmosis platform. This proposal involves waiving Bitcoin bridging fees for transactions originating or terminating on Osmosis.
Osmosis Decentralized Autonomous Organization (DAO) is unanimously supporting a proposal to adopt a revenue share proposal that enables a zero-fee Bitcoin bridge to the Cosmos ecosystem via Nomic. The proposal has received overwhelming community support, with about 92% of DAO members favoring the zero-fee upgrade.
Osmosis DAO is likely to adopt a fee-free Bitcoin Bridge, pending determination, as the ballot is still open.
TL;DR Osmosis DAO is on the verge of approving a ‘fee-free' Bitcoin bridge to enhance liquidity within the Cosmos ecosystem. The proposal has strong backing with 91.7% community votes in favor, aiming to eliminate Bitcoin bridge fees through Nomic.
If approved, the upgrade would mean bitcoin can move more freely into the Cosmos ecosystem, potentially bringing in new liquidity.
Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic.
A local source revealed that Japan's leading crypto exchange, bitFlyer, is negotiating to buy all shares of FTX's Japanese subsidiary. Japan's NHK news confirmed that the FTX firm is making adjustments as it prepare for business expansion and new acquisition.
Fireblocks integrates with Cosmos, leveraging Osmosis to enhance DeFi functionalities.
Ten days ago, the FTX estate overseeing the bankrupt company's proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit.
Spot volume in FTT pairs was $139 million on May 8 — the highest day of volume for the token since the end of December.
In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers. The announcement has sparked a substantial surge in the exchange's native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday's early trading session.
A reorganization plan could see FTX customers and creditors receive up to $16.3 billion in total compensation, but not those that held FTT.
During the roast of Tom Brady on Netflix over the weekend, the former NFL quarterback took several hits over his connection with now-bankrupt crypto exchange FTX.
On the heels of news that FTX customers may reimbursed in full, FTX Token (FTT) registered an impressive run over the past day. FTT is up by 35.6% in the past 24 hours and is trading at $2.
The bearish price sentiment in the cryptocurrency industry is on a constant rise as top altcoins struggle to breach their important resistance levels. However, mid-cap and low-cap altcoins have recorded a positive price action, highlighting a switch of interest among investors toward these altcoins.
Even if you're not an avid ‘Cosmonaut,' you're probably familiar with Sunny Aggarwal, the co-founder of Osmosis Labs. With an infectious smile and upbeat personality, Sunny's name is surprisingly apt.
The bankrupt FTX exchange emptied its FTT treasury account to a new wallet address on April 18. Arkham Intelligence's dashboard showed that the transferred assets from the FTT Treasury wallet include 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million JOE tokens worth $3.25 million.
The gold-backed stablecoin market is still a pretty niche subsector, despite the recent popularity of gold in the broader market.
PAX Gold is a digital coin equivalent to physical gold valued at $2,855 in April. While gold is usually thought of as digital gold went high while, Bitcoin, the cryptocurrency, saw a new price decline in an instant, in terms of the overall decline of the value of Bitcoin.
Tensions in the Middle East ramped up over the weekend following an Iranian drone and missile attack, which saw the price of PAX Gold and Bitcoin reacting very differently.
Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer.
Gold has made consecutive new all-time highs year-to-date, drawing investors' attention and fueling what was already a significantly increased demand. Finbold selected two tokenized gold cryptocurrencies to invest in and gain exposure to the leading commodity
SBF faces daunting odds in his effort to overturn the conviction resulting from the collapse of his cryptocurrency exchange.
Despite a bearish wave in the cryptocurrency industry, with top tokens constantly displaying a neutral trend, the FTT price displayed a positive price action by adding 7.54% to its portfolio within the past 24 hours, making it one of the top gainers of the day in the market.
Latest updates on SHIB, TAO, and OSMO coins.
Galaxy Trading created a $620 million fund to buy up the discounted SOL from the FTX estate, Bloomberg reports.
HSBC's bold move may have set a new standard for blockchain-based financial products in Hong Kong's retail market.
Financial giant HSBC has launched tokenized gold for its Hong Kong retail clients, becoming the first bank to enter the real-world asset (RWA) tokenization sector. The HSBC gold token The bank unveiled the launch of a gold token for customers in Hong Kong.
In a landmark development for the financial industry, HSBC has introduced a groundbreaking service to its retail customers in Hong Kong, marking the bank's foray into the fusion of digital and traditional assets.
Retail investors in Hong Kong can get access to tokenized gold via HSBC's online banking website and mobile app.
HSBC has announced the launch of its HSBC Gold Token for retail customers in Hong Kong. This initiative marks the bank's foray into the real-world asset tokenization market, offering a new investment method through blockchain technology.
Osmosis has been identified as the DeFi project with the highest level of development activity, contrasting with Uniswap, which has shown slower progress.
TL;DR Osmosis, dydX, and Synthetix are leading the pack in the DeFi sector with the most active development. Osmosis, a Decentralized Exchange (DEX) on the Cosmos network, has seen over 169 commits on GitHub in the last 30 days.
The decentralized Cosmos exchange Osmosis has been listed as the most actively developed DeFi project in the last month.
A CoinGecko report shows that gold-backed tokens like Tether Gold (XAUT) and PAX Gold (PAXG) account for 83% of the market cap.
The team asserted that the proposed decades-long sentence is ‘disturbing' and unfair to the disgraced crypto mogul.