WalletConnect (WCT): Powering Web3 with Its Dynamic Token
The WalletConnect Token (WCT) is the native utility token of the WalletConnect Network, a decentralized ecosystem designed to connect cryptocurrency wallets to decentralized applications (dApps) across multiple blockchains. Launched on Optimismâs OP Mainnet in late 2024, WCT leverages Ethereumâs security and OP Mainnetâs speed to enhance the onchain user experience (UX) for over 23 million users, 600 wallets, and 40,000 app projects. The network has facilitated over 185 million connections and powers 15-22 million monthly connections as of recent data.
Key Functions of WCT WCT serves four primary roles within the WalletConnect Network: 1. Fees: Initially, the network does not charge fees for services like relay usage, but WCT holders can vote to introduce fee structures in the future, ensuring long-term sustainability. 2. Rewards: 17.5% of the initial token supply (1 billion tokens) is allocated for rewards, with 5% distributed in the first year to incentivize participation, such as node operators maintaining uptime and wallet providers improving standards. 3. Staking: Users can stake WCT to earn rewards and participate in governance, supporting network stability. Staking rewards began accruing from December 19, 2024. 4. Governance: WCT holders can vote on proposals, giving the community control over the networkâs development as it transitions toward a fully decentralized model, potentially through a DAO.
Tokenomics and Distribution The initial supply of WCT is capped at 1 billion tokens, with allocations as follows: WalletConnect Foundation: 27% for partnerships, grants, and ecosystem development. Airdrops: 18.5% for community distribution, with 50 million tokens allocated for Season 1 (claim period ended January 3, 2025). Team: 18.5% for Reown and WalletConnect team members, subject to a 4-year unlock with a 1-year cliff. Rewards: 17.5% for incentivizing participation. Early Supporters: 11.5% for early backers. Core Development: 7% for protocol development.
The tokenomics model currently avoids inflation, relying on existing allocations and potential future fees. However, the community can vote to introduce inflation if needed. As of April 15, 2025, WCT became fully transferable, allowing free movement across the ecosystem, a milestone that followed its initial non-transferable phase to stabilize the network.
Market Performance (as of May 26, 2025) Price: $0.64 USDT Market Cap: Approximately $116.32 million to $122.32 million, with a circulating supply of 186.2 million tokens. 24-Hour Trading Volume: Varies widely, with recent figures ranging from $137.06 million to $1.11 billion. All-Time High: $4.46 on March 7, 2025, though earlier data cites $0.747 on May 20, 2025, suggesting volatility or discrepancies in reporting. All-Time Low: $0.2811 on April 15, 2025. Recent Trends: The token has shown significant volatility, with a 38.06% increase in the last month but a 10.41% drop in the last 24 hours in some reports, though others note a 0.34% increase.
Utility and Ecosystem WCT is integral to the WalletConnect Networkâs mission of improving Web3 UX by enabling secure, cross-chain interoperability. The network uses end-to-end encryption to protect user data, ensuring privacy for wallet addresses and transactions. It connects wallets to dApps via QR codes or deep linking, supported by service and gateway nodes. WCT incentivizes node operators and wallet providers to maintain high performance, while governance ensures community-driven development.
Airdrop and Community Engagement The Season 1 airdrop distributed 50 million WCT tokens, with eligibility based on past network activity, ending January 3, 2025. Subsequent seasons are planned, further engaging the community. Staking and governance features empower users to shape the networkâs future, aligning with its decentralization roadmap.
Critical Perspective While WalletConnect is a key infrastructure in Web3, its rapid growth (240% in the past year) and high trading volumes suggest speculative interest, which could drive volatility. The lack of initial fees and inflation raises questions about long-term sustainability, though the governance model allows for future adjustments. The tokenâs all-time high of $4.46 seems inconsistent with other data, possibly indicating market manipulation or reporting errors. Investors should be cautious of the tokenâs volatility and the broader Web3 marketâs risks.
If youâd like to explore WCT further, such as its technical infrastructure or investment potential, let me know!
WCTâs Future: A Bright Path Ahead WalletConnect and WCT are set to shape Web3 with: Governance Rollout: WCT holders will soon drive network decisions.Growing Adoption: 20M+ monthly connections signal massive potential.Partnerships: Ties with Consensys and Ledger fuel expansion.Price Outlook: WCTâs utility suggests strong long-term value (check BINANCE for forecasts).
Conclusion: Connect to Web3 with WCT WalletConnect and WCT are redefining Web3 connectivity. With a thriving network, real utility, and a 35M-strong community, WCT is a vibrant opportunity for investors and enthusiasts. Trade, stake, or governâthe WalletConnect revolution awaits! Disclaimer: Crypto investments are high-risk. Do your own research and consult advisors.
Answer these Questions in comment! What excites you most about WalletConnectâs mission to make Web3 accessible?Have you explored the WCT token? Considering buying, staking, or governance?Which WalletConnect feature is a game-changer: 35M users, 50,000 apps, or scalability? Loved this deep dive into WalletConnect and WCT? Letâs keep the conversation going! Follow @Future Big Bulls for more crypto insights, like this article to show your support, share it with your crypto crew, and comment your thoughts on WCTâs future below! Are you bullish on WalletConnect? Drop your predictions and letâs connect! #Web3 #WCT #FutureBigBulls
Coinbase Cyberattack Shakes Crypto Market: $400M Hit and Rising Security Concerns
The cryptocurrency market on May 26, 2025, is reeling from a significant cybersecurity breach at Coinbase, one of the worldâs leading crypto exchanges. This incident, which could cost Coinbase up to $400 million, has sent shockwaves through the industry, raising questions about security in the rapidly growing crypto ecosystem. With Bitcoin soaring past $111,000 and institutional adoption on the rise, this breach underscores the vulnerabilities exchanges face as they scale. Below, we dive into the details of the Coinbase cyberattack, its implications, and what it means for the future of cryptocurrency. Coinbase Faces Major Data Breach On May 15, 2025, Coinbase disclosed a cyberattack that compromised the personal information of a subset of its customers. According to reports from Reuters and BBC, hackers accessed sensitive data, including names, addresses, phone numbers, partial Social Security numbers, government IDs, and account balances. The financial impact is staggering, with Coinbase estimating losses between $180 million and $400 million, primarily due to reimbursements for affected users. This breach, detailed in Coinbaseâs blog post, has sparked widespread concern about the security of centralized exchanges. How the Attack Unfolded The cyberattack, which began with a threatening email on May 11, 2025, involved sophisticated social engineering tactics. Hackers reportedly bribed overseas support agents and contractors to gain access to Coinbaseâs internal systems, as noted by Bleeping Computer and CNBC. While no passwords, private keys, or login credentials were stolen, and Coinbase Prime accounts remained secure, the breach exposed critical customer data. This incident highlights the growing threat of insider attacks in the crypto industry, where human vulnerabilities can be exploited to bypass even robust security measures.
Coinbaseâs Bold Response to Extortion The attackers demanded a $20 million ransom to withhold the stolen data from public release, according to TechCrunch and AP News. Coinbase, however, took a firm stand, refusing to pay the ransom. Instead, the exchange established a $20 million reward fund to aid in identifying and prosecuting the culprits, as reported by The Register. This decisive action, coupled with Coinbaseâs commitment to reimbursing affected customers, demonstrates a proactive approach to crisis management. The U.S. Department of Justice has also launched an investigation, focusing on the criminals rather than Coinbase itself, per Reuters. Market Context: Bitcoinâs High and Industry Growth The Coinbase breach comes at a time when the crypto market is experiencing significant growth.
Bitcoin recently hit an all-time high of $111,814, with current prices hovering around $110,018, according to crypto_api data. The global crypto market cap stands at $3.45 trillion, with a 24-hour trading volume of $103.7 billion, as per CoinMarketCap. Institutional interest remains strong, with $2.75 billion in inflows to US-based Bitcoin ETFs, as reported by Cointelegraph. However, the Coinbase incident casts a shadow over this bullish momentum, reminding investors of the risks inherent in centralized platforms. Implications for the Crypto Industry The Coinbase cyberattack has far-reaching implications for the cryptocurrency industry. The 4.1% drop in Coinbaseâs share price, noted by BBC, reflects investor concerns about the exchangeâs security protocols. This incident may accelerate calls for stricter regulations and enhanced security measures across crypto platforms. As the industry grows, with over 200 million active Bitcoin wallets worldwide, exchanges must prioritize cybersecurity to maintain user trust. The breach also underscores the importance of decentralized finance (DeFi) solutions, which could reduce reliance on vulnerable centralized systems. Whatâs Next for Coinbase and Crypto Security? Coinbaseâs response to the cyberattack sets a precedent for how exchanges can handle security breaches transparently and decisively. By refusing to pay the ransom and collaborating with law enforcement, Coinbase is positioning itself as a leader in combating cybercrime. However, the incident may prompt other exchanges to audit their security practices, particularly regarding third-party contractors. For investors, this serves as a reminder to use secure wallets and enable two-factor authentication to protect their assets. Key Takeaways for Crypto Investors The Coinbase cyberattack is a wake-up call for the crypto community. While the market continues to thrive, with Bitcoin leading the charge, security remains a critical concern. Investors should stay informed about platform vulnerabilities and diversify their holdings across secure wallets and exchanges. The industryâs growth, coupled with incidents like this, highlights the need for robust cybersecurity measures to safeguard the future of cryptocurrency. Key Metrics: Coinbase Cyberattack at a Glance Metric Details Date of Disclosure May 15, 2025 Estimated Financial Impact $180Mâ$400M Data Compromised Names, addresses, emails, partial SSNs, government IDs, account balances Passwords/Keys Stolen None Ransom Demand $20M Coinbaseâs Response $20M reward fund, DOJ investigation Market Impact 4.1% drop in Coinbase share price Conclusion: Navigating a Volatile Crypto Landscape The Coinbase cyberattack of May 2025 underscores the challenges facing the cryptocurrency industry as it matures. While Bitcoinâs record-breaking performance and institutional adoption signal a bright future, security breaches highlight the need for vigilance.
By addressing these challenges head-on, Coinbase and other exchanges can build a more resilient ecosystem. For now, investors should stay cautious, monitor developments, and prioritize security in their crypto journey. Kindly Consider Tipping đ it motivates Comment your Views coinbase took right Desicion by refusing rensom money? Tag your Friends đ $BTC $ETH $BNB Sources Reuters: Coinbase Warns of Up to $400 Million Hit from CyberattackBBC: Crypto Exchange Coinbase Faces Up to $400M Hit from Cyber AttackBleeping Computer: Coinbase Data Breach Exposes Customer Info and Government IDsTechCrunch: Coinbase Says Customersâ Personal Information Stolen in Data BreachCoinbase Blog: Protecting Our Customers - Standing Up to ExtortionistsCoinMarketCap: Cryptocurrency Prices, Charts, and Market CapitalizationsCointelegraph: What Happened in Crypto Today #BTCPrediction #MarketRebound #Hack #coinbasehacked #NewsAboutCrypto
đ Excited to see how @Chainbase Official is revolutionizing Web3 data accessibility for developers & analysts! đ¤Ż
Their tools make on-chain analytics faster, more efficient, and seamless. #chainbase is truly powering the next wave of decentralized innovation! đđ
Bitcoin is rebounding from the support trendline of the descending channel and is now attempting to break above the 100MA, which is acting as a resistance barrier. âĄ
A successful breakout above both the 100MA and the channel could trigger a strong bullish rally in the market.đ
The Sell-Side Risk Ratio tracks market equilibrium through profit/loss realization:
High values: Heavy profit/loss taking after volatile moves Low values: Coins spent near cost basis, balanced market
After ATH profit-taking, Short-Term Holders have reduced selling pressure significantly. Current prices aren't compelling enough to drive distribution - a larger move up or down may be needed to unlock supply.
The Sell-Side Risk Ratio tracks market equilibrium through profit/loss realization:
High values: Heavy profit/loss taking after volatile moves Low values: Coins spent near cost basis, balanced market
After ATH profit-taking, Short-Term Holders have reduced selling pressure significantly. Current prices aren't compelling enough to drive distribution - a larger move up or down may be needed to unlock supply.
đ Excited to see how @Chainbase Official is revolutionizing Web3 data accessibility for developers & analysts! đ¤Ż
Their tools make on-chain analytics faster, more efficient, and seamless. #chainbase is truly powering the next wave of decentralized innovation! đđ
Huma Finance: Redefining DeFi with PayFi on Binance Square đ
In the vibrant world of decentralized finance (DeFi) đ, Huma Finance shines as a trailblazer, introducing the revolutionary Payment Finance (PayFi) category. đ
Built on the lightning-fast Solana blockchain âĄ,
Huma Finance is transforming how we access liquidity and settle payments, making financial inclusion a reality for millions. đ
With its recent Token Generation Event (TGE) on Binance Launchpool đ and a buzzing community on Binance Square, Humaâs $HUMA token is creating waves. đ
Letâs dive into why Huma Finance is a project to watch on Binance! đ
What is Huma Finance? đ¤
Huma Finance bridges traditional finance and DeFi by enabling income-backed financing and instant global payment settlements using stablecoins like USDC and USDT đ¸. Unlike typical DeFi protocols that demand crypto collateral, Humaâs PayFi model lets users borrow against future incomeâthink paychecks, freelancer gigs, or merchant invoices đ. This innovative approach empowers everyday users, from freelancers to small businesses, to unlock funds without needing crypto assets. đŞÂ
Since its launch in 2022, Huma has processed over $4.4 billion in transactions đ°, proving its real-world utility in cross-border payments, trade finance, and Web3 salaries. đ Leveraging Solanaâs sub-second transaction speeds and low fees đ, Huma ensures instant settlements, eliminating the delays of legacy systems like 60-90 day payment terms or slow merchant payouts. đÂ
Why PayFi Matters đ
Humaâs PayFi model is a game-changer! đŽ Imagine a freelancer on Upwork accessing instant liquidity by pledging their next payment, or a small business settling cross-border invoices in seconds with stablecoins. đ Huma makes this possible by integrating off-chain income data from platforms like Stripe and Payoneer into its smart contracts. đ¤ This creates a seamless bridge between real-world cash flows and on-chain financing, opening DeFi to a broader audience. đÂ
What sets Huma apart is its focus on real yield generation đ. Unlike speculative DeFi protocols, Huma offers sustainable double-digit APYsâup to 10.5% in Huma 2.0âderived from payment processing fees, not token inflation. đľ Liquidity providers can deposit stablecoins into lending pools, choosing between Classic Mode (10% APY) or Maxi Mode for higher rewards, all accessible through Binanceâs ecosystem. đŚÂ
Huma 2.0: A New Era for Retail Investors đ
In April 2025, Huma launched Huma 2.0, a permissionless platform that brings institutional-grade yields to retail investors. đ Unlike Huma Institutional, which caters to accredited investors, Huma 2.0 invites everyone to participate. đ With over $50 million in USDC deposited by 53,400 users, Huma 2.0 offers liquid LP tokens ($PST and $mPST) that are tradeable instantly and integrate with Solanaâs DeFi ecosystem. đ This makes it easy for Binance users to stake, trade, or leverage these tokens for enhanced earning strategies. đ°Â
$HUMA Token: Powering the Ecosystem đŞ
The $HUMA token is the heartbeat of Huma Finance, serving as both a utility and governance asset. â¤ď¸ With a total supply of 10 billion and a circulating supply of 1.73 billion as of May 2025, $HUMA is listed on Binance, where it trades at around $0.03474 with a market cap of $60.22 million. đ The token powers protocol operations, incentivizes liquidity providers, and enables community governance, allowing holders to vote on key decisions. đłÂ
Binance Launchpool played a pivotal role in $HUMAâs TGE on May 26, 2025, offering airdrops to users staking BNB, FDUSD, or USDC. đ
This event sparked significant buzz on Binance Square, with the community praising $HUMAâs real-world utility and potential to disrupt traditional finance. đ Whether youâre staking for rewards or trading the HUMA/USDT pair, Binance provides a seamless gateway to engage with Humaâs ecosystem. đÂ
Real-World Impact đ Huma Finance is solving real financial pain points. đ§ For freelancers, it means instant access to funds from platforms like Fiverr or Patreon. đ¸ For merchants, itâs about bypassing slow credit card settlements. đŹ For Web3 workers, itâs borrowing against DAO salaries. đ¤ By facilitating instant stablecoin payments and financing, Huma is building a future where financial access is borderless and immediate. đ
Why Huma Shines on Binance Square â¨
Huma Financeâs alignment with Binanceâs vision of advancing blockchain adoption is clear. đ Its focus on scalable, low-cost transactions via Solana complements Binanceâs commitment to user-friendly crypto solutions. đ The $HUMA tokenâs listing on Binance, coupled with its active community on Binance Square, makes it a hot topic for traders and investors. đĽ With a 24-hour trading volume of $33 million and growing interest, Huma is a project that resonates with Binanceâs forward-thinking audience. đ
The Road Ahead đŽ
Huma Finance is just getting started. đą With plans for global PayFi summits and integrations with platforms like Superfluid and Circle, Huma is positioning itself as the go-to protocol for real-world DeFi. đ¤ Its merger with Arf, a global liquidity platform, further strengthens its cross-border payment capabilities. đ For Binance Square users, Huma offers a unique opportunity to invest in a project with tangible impact and sustainable yields. đ¸ As Huma continues to innovate, its $HUMA token could become a cornerstone of the PayFi revolution. đ Whether youâre a liquidity provider, trader, or DeFi enthusiast, Huma Finance is a project worth exploring on Binance. đ
Follow, like, and share this article on Binance Square to join the PayFi conversation and stay updated on #HumaFinance journey! đđ
If you believe in a world where financial access is global, fast, and fair⌠đ Follow @Huma Finance đŁ on Binance Square đ Like, share, and stake your claim in the PayFi revolution
The future of finance may already be here and it might just be called Huma. đđ