Bitcoin (BTC) and Ether (ETH) experience slight declines, while Shitcoins Versus ($VS), Only Possible On Ethereum ($OPOE), QLINDO ($QLINDO), LiquidLayer Token, Airtor Protocol, and Bitago see significant gains on DEXTools. Recent data reveals a significant upswing in decentralized exchange (DEX) trading on Optimism, Ethereum's layer 2 scaling solution. LiquidLayer Token is a highly scalable Proof-of-Work (PoW) blockchain with a unique Liquid-Staking-Derivative (LSD) Bridge. Airtor Protocol provides a low-powered computing device for decentralized internet protocols. Bitago enables crypto cashback through partnerships with merchants. Sponge Token is a meme cryptocurrency with impressive growth. The potential impact of inflation data and risks to blue chip cryptocurrencies are discussed. It is important to note that cryptocurrency is a high-risk asset class.
In other news, OKX, a Web3 technology company and crypto exchange, has officially launched its crypto exchange and Web3 wallet platform in Brazil. The platform provides a trusted and secure gateway to decentralized finance (DeFi) and crypto trading for Brazilian users. It offers fiat-on ramp capabilities, deep liquidity, advanced features, staking rewards, and a user-friendly Web3 wallet. OKX aims to drive innovation and growth in the Web3 and crypto economy in Brazil.
LayerZero V2, a protocol that facilitates the linking of blockchains, is now live. It offers permissionless, censorship-resistant, and fixed compatibility with over twenty chains. V2 includes premium features such as universal messaging and modular safety factor for authenticating cross-chain messages. The permissionless implementation of an executor within V2 allows any user to operate it. LayerZero enables developers to construct applications and tokens that operate identically across all blockchain V2s. Over forty thousand OApp contracts have been deployed on LayerZero. The protocol is immutable, censorship-resistant, and permissionless.
LaborX is a blockchain-based jobs platform that connects clients with freelancers from a global pool of Web3 talent. It leverages Web3 technology to provide efficient transactions with cryptocurrency, strong security through smart contracts, and access to a global network of Web3 expertise. LaborX is part of the Chrono.tech ecosystem and aims to transform the way people work, learn, and interact online. The freelance market is booming, with 36% of the U.S. workforce freelancing in 2020. LaborX addresses challenges such as payment delays, high fees, lack of trust, and limited access to global opportunities. It allows users to pay and get paid in various cryptocurrencies, ensures secure and transparent transactions through smart contracts, and connects clients with freelancers skilled in Web3 projects. LaborX offers a community of like-minded individuals who share a vision of a decentralized and democratic web. Users can join LaborX for free and stay updated on their latest news and developments.
An investment fund has recently invested 20% of its portfolio in Kelexo (KLXO), a new crypto project. Solana (SOL) and Ethereum (ETH) are considering KLXO, as seen in the ongoing presale, which has attracted over 5,000 early holders. Ethereum has dropped 5% in the past two weeks, leading some investors to look for alternatives. The number of daily active addresses on Solana has decreased from 1.2 million to 920,000 between January and early February, potentially impacting SOL prices. The Kelexo presale has attracted over 5,000 participants and offers a unique solution for peer-to-peer lending. Avalanche and Tezos holders are also exploring Kelexo. KLXO is currently trading at $0.022 in the ongoing presale.
Port3 Network, a leading decentralized AI data network built for Web3, has successfully integrated the OKX DEX API into its platform. This integration allows Port3 Network to provide its users with enhanced liquidity and optimal token swap rates in a private and secure trading environment. By integrating the OKX DEX API, Port3 Network users now can enjoy seamless trading capabilities, enhanced liquidity and optimal prices on the platform thanks to OKX DEX's X Routing smart routing technology. OKX is a global technology company driving the future of Web3, providing a comprehensive suite of products including a crypto wallet, decentralized exchange aggregator, NFT marketplace, and Web3 DeFi platform. OKX partners with top brands and athletes, and recently launched a global brand campaign entitled 'The System Needs a Rewrite'.
Terraform Labs Pte Ltd. (TFL) has announced Station v3, a significant update to its cross-chain wallet, introducing advanced staking, governance, and portfolio management features. The update aims to enhance the Web3 user experience and make cross-chain transactions more accessible and efficient. The Station v3 Dashboard includes portfolio management functions powered by Pulsar Finance, seamless cross-chain swaps facilitated by Skip Protocol, and a refined staking interface. The update also offers an improved governance user experience and advanced tools for tracking cross-chain activity history. TFL's broader strategy includes expanding its Web3 offerings, acquiring Pulsar Finance, launching the Station v3 Extension for Chrome and Edge browsers, and releasing Warp Protocol v2. Terraform Labs plans to continue its growth and innovation in the blockchain space, with a globally distributed team of Web3 developers. The company aims to lead the next evolution of the Internet and develop best-in-class, cross-chain applications. More updates and new applications are expected in the coming months.
OKX Ventures, a cryptocurrency firm, has invested in the DePIN project, a big step in AI and decentralized networks. DePIN's decentralized approach offers a scalable and efficient solution for AI tasks by harnessing distributed nodes. OKX Ventures' investment in DePIN aims to reshape the deployment landscape and accelerate its global prominence. The partnership represents a significant stride towards a future driven by collaboration, innovation, and a shared vision of decentralized infrastructure.
XRP and USDC investors are interested in the Kelexo presale as they anticipate Ethereum's breakthrough to $4,000. Discussions have arisen about integrating USDC into the Ripple Ledger, sparking curiosity within the blockchain community. Circle, the creator of USDC, has discussed the feasibility of this integration. The role of Ripple in USDC integration has been questioned, highlighting the need for collaboration and integration in the decentralized digital currency space. Kelexo is an innovative borrowing and lending platform in the decentralized finance (DeFi) space, offering instant payouts, lower transaction fees, and transparent operations through blockchain technology. The Kelexo presale has attracted the attention of Toncoin and Avalanche holders.
OPZ Token launches an AI-powered wallet on iOS and Android, raising over $200,000 within hours. The wallet combines a decentralized exchange, advanced AI trading, and NFC technology. The token uses blockchain and AI technology to accelerate and secure transactions, analyze data, forecast trends, and make informed decisions about trading cryptocurrencies. The OPZ Wallet addresses the demand for user-friendly and secure self-custodial solutions in the cryptocurrency space. The OPZ-DEX platform leverages Bitcoin's Layer 2 for decentralized trading. OPZ Token aims to gain a significant share of the DeFi market. The token presale is available at prices starting at $0.028, with the launch price set at $0.1.
Masa Network, a decentralized personal data network, has integrated with LayerZero, an interoperability protocol, to launch its AI Data Marketplace on multiple blockchains. The integration will enable communication for the Masa Data Network, which will be launched on a dedicated subnet with Ethereum and Binance Smart Chain. The MASA token interoperability will expand to other blockchains in the future. Masa aims to empower users to own, share, and earn from their personal data by encrypting and storing it in a private data locker. Users can earn MASA tokens as rewards when their data is used by developers. Masa has over 1.4 million unique wallets and 37 million proprietary data points. The integration with LayerZero will enhance privacy and innovation in AI development.
Renzo has integrated with Chainlink Price Feeds on the Ethereum mainnet, setting new standards in DeFi. The integration brings benefits to Renzo users, offering a more extensive rewards system. InQubeta is challenging the dominance of established players like Chainlink in the DeFi space by using trending NFTs as real shares in AI startups. The collaboration between Renzo and Chainlink, alongside InQubeta's emergence, marks significant turning points in the DeFi saga. InQubeta's presale has surpassed the $12.4 million mark. The paths InQubeta, Renzo, and Chainlink are carving will significantly influence the DeFi landscape. OPZ has launched an ICO for its AI-powered wallet and decentralized exchange (DEX) on Bitcoin Layer 2. The project combines a wallet on iOS & Android, decentralized exchange, advanced AI trading, and NFC technology. The ICO provides 1,000,000,000 tokens for traders, which can be used for AI trading on 10,000+ cryptocurrencies. The OPZ Token uses blockchain technology and AI to accelerate and secure transactions, analyze data, forecast trends, and autonomously make buying or selling decisions. The OPZ Wallet leverages the KeyFusion protocol for advanced security and AI-driven insights. The OPZ-DEX platform uses Bitcoin's Layer 2 for decentralized trading, featuring the Chronicle Matching Engine and Zero-Knowledge Rollups. The ICO prices start at $0.028, with the launch price at $0.1. OPZ aims to bridge the gap between the cryptocurrency industry and the traditional financial world.
OKX Wallet, a Web3 technology company and crypto exchange, has integrated with ALIENX, a staking blockchain driven by AI nodes, to enable mass adoption of NFTs and games. ALIENX has raised $17 million in funding rounds and is valued at $200 million. The partnership aims to provide a decentralized platform for short-term options trading. The new product, called OPerps, allows users to trade tokenized options that never expire but settle every few minutes/hours. OPerps offers Long Call and Long Put options for profiting from rising and falling markets, as well as Short options for earning premiums. The platform includes features to limit losses and avoid sudden liquidations. OPerps operates in Normal mode on Binance Smart Chain and DEGEN mode on Arbitrum. Users can transfer live options positions to other wallets and protocols. EthosX is a protocol for trading high-value derivatives without intermediaries, providing a platform for investors to trade directly with minimal counterparty and settlement risks.
VeriSync Labs, a company focused on privacy in Web3, has unveiled its three-tier framework for revolutionizing Zero Knowledge Proofs (ZKP) in Web3. The framework includes VeriSync Micro-rollup, a solution for optimized generation and verification of ZK proofs; Native ZKML Library, which simplifies the integration of privacy-preserving mechanisms; and ZKML Protocols, which bridge the gap between Web2 and Web3 for machine learning models. VeriSync Labs aims to address the inefficiencies and scaling issues of current infrastructure, making complex cryptographic processes more accessible and ensuring data security and privacy in decentralized applications. This development has the potential to enhance privacy features and advance the adoption of Zero Knowledge Proofs in Web3 applications.
Amber Group and Hashkey Capital have criticized the ZKX protocol for abruptly ceasing operations. ZKX founder Eduard Jubany Tur cited limited user engagement and low trading volumes as factors impacting financial viability. Amber Group urged the ZKX team to address the situation constructively and emphasized the importance of transparency and accountability in the crypto community.