Paradigm holds a large amount of HYPE tokens worth nearly 765.4 million USD, while traditional banks have invested over 100 billion USD in blockchain infrastructure since 2020.
The development of cryptocurrency and blockchain ecosystems continues to attract significant interest from financial institutions along with new projects like Dex Etherex on the Linea platform. Many tokens are also preparing to unlock large amounts next week, creating volatility and new opportunities in the market.
MAIN CONTENT
Paradigm estimates holding 19.13 million HYPE tokens with a total value of approximately 765.4 million USD.
Traditional banks have invested over 100 billion USD in blockchain since 2020, primarily focusing on payment infrastructure and cryptocurrency custody.
Dex Etherex on Linea announced the release of the REX token with a distribution design prioritizing liquidity providers and xREX voting participants.
What is the value of Paradigm's HYPE tokens and how is the holding structure?
Paradigm currently holds approximately 19,134,900 HYPE, equivalent to about 765.4 million USD according to estimates by @mlmabc. This is a significant asset for Paradigm in the cryptocurrency industry.
Paradigm acquired HYPE through two major transactions with FalconX and Wintermute, with an estimated initial cost of about 315 million USD, yielding notable profits of nearly 450 million USD. The large withdrawal of tokens from FalconX with the right structure and timing also reinforces the hypothesis about wallets owned by Paradigm.
How much have traditional banks invested in blockchain technology since 2020?
According to reports from Ripple, CB Insights, and CBT UK, traditional banks have invested over 100 billion USD in blockchain infrastructure since 2020, promoting the application of technology in the financial sector.
Approximately 345 blockchain transactions involved traditional financial institutions from 2020 to 2024, focusing on payment infrastructure, cryptocurrency custody, asset tokenization, and on-chain foreign exchange trading. 90% of financial leaders predict that blockchain will significantly impact the industry in the next three years.
"90% of financial leaders believe that blockchain technology will have a major or very significant impact on the financial industry in the next three years."
Ripple, CB Insights & CBT UK, 2024 Report
What is Etherex on Linea and what are the highlights of the upcoming REX token?
Etherex is a decentralized exchange (DEX) developed on Linea – Layer 2 of Ethereum, in collaboration with Consensys and Nile. The native token REX will be released on August 6 with a distribution mechanism focused on liquidity providers and xREX voting users.
All rewards or transaction fees are attributed to the participating contributors. Etherex applies a token economic model x33, with 25% of tokens retained in the Etherex treasury, ensuring a balance in governance and sustainable ecosystem development.
How has Coinbase-backed Basechain made breakthroughs with the SocialFi platform Zora?
Data from Dune shows that Base, the Layer 2 Ethereum network supported by Coinbase, has surpassed Solana in daily token issuance. This is mainly due to the boom of Zora – a SocialFi platform based on the 'Creator Coin' model.
Since Base relaunched as a SocialFi gateway in July, the ZORA token has grown over 500% month-on-month, with 1.6 million Creator Tokens issued and nearly 3 million traders participating. Total trading volume reached about 470 million USD, reflecting the rapid expansion of the creator economy on Basechain.
Which tokens will unlock a large amount next week and what will be the impact?
Token Unlocks data predicts that Ethena (ENA) will unlock approximately 172 million tokens, worth nearly 95.8 million USD on August 5. Other tokens including Immutable (IMX), Movement (MOVE), Space and Time (SXT) are also preparing to unlock significantly, creating volatility pressure on market supply and demand.
Unlocking tokens needs to be closely monitored as it may impact price and liquidity, especially with tokens that have a large % of circulating supply unlocked like MAVIA with 23.03%.
How do major companies in China face challenges in stablecoin licensing?
According to Caixin, major internet companies like JD.com and Ant Financial may find it difficult to participate in the first stablecoin licensing round in Hong Kong due to challenges in meeting personal identification requirements for coin ownership.
Close collaboration with major banks like Bank of China (Hong Kong) is needed to obtain licenses, while also building native blockchain technologies to mitigate political risks and ensure operational safety.
"The construction of national public chains must be led by state-owned enterprises to ensure technological sovereignty and financial security for the era of digital finance."
Internal expert in the Chinese blockchain industry, 2024
Frequently Asked Questions
How many HYPE tokens does Paradigm hold and what is their value?
Paradigm expects to own approximately 19.13 million HYPE tokens, equivalent to an approximate value of 765.4 million USD with notable profits of nearly 450 million USD.
How much have traditional banks invested in blockchain from 2020 to now?
There has been over 100 billion USD of traditional bank investment in blockchain infrastructure, focusing on payments, custody, and asset tokenization.
What is special about Etherex's REX token?
REX distributes 100% of rewards to liquidity providers, and transaction fees belong to xREX voting users, promoting governance and sustainable liquidity.
How has Coinbase's Basechain surpassed Solana?
Basechain surpasses Solana in daily token issuance volume, mainly due to the rapid growth of the SocialFi platform Zora in Creator Tokens and trading.
Which tokens are preparing for significant unlocks in the near future?
Ethena (ENA), Immutable (IMX), Movement (MOVE), and several other tokens will unlock a large amount of tokens next week, impacting market supply and demand.
Source: https://tintucbitcoin.com/tin-tuc-tien-dien-tu-3-4-8-moi-nhat/
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