The Best Cross-Chain Wallet WalletConnect is making a big move, and the WCT Ecosystem Reward Program is now live! Whether you are a wallet developer, SDK integrator, or dApp pioneer, as long as you contribute to the Web3 ecosystem, WCT rewards are within reach! Wallets enhance session volume, optimize latency and user experience, doubling the rewards directly! SDK giants accelerate integration with WalletKit/AppKit, and WCT flows continuously! dApp players, high-quality sessions and active users are your trump cards! How are rewards calculated? Relay traffic, session retention, smart session adoption, authentication levelโeverything can be exchanged for WCT! This is not just a rewards frenzy, but a revolution in Web3 user experience! Come join us, optimize experiences, earn WCT, and make Web3 smoother! Your efforts determine the future of Web3! Act now, take center stage, the Web3 platform is waiting for you to battle! #WalletConnect $WCT @WalletConnect
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$BB : @BounceBit Reconstructs the Financial Gateway, Ushering in a New Era of CeDeFi
Amid the cryptocurrency boom, many are often distracted by short-term price fluctuations. However, a deeper dive into its underlying logic reveals that BB is far more than just an ordinary project. @BounceBit is leveraging it to reconstruct the financial gateway and lead the innovative transformation of CeDeFi. #BounceBitPrime
BounceBit, a BTC restaking chain with an innovative CeDeFi framework, uses its unique CeFi + DeFi approach to help BTC holders diversify their income. Its BounceBit Prime platform is a major highlight. By partnering with custodians and fund managers such as BlackRock and Franklin Templeton, it brings institutional yield strategies to the blockchain, allowing users to directly access tokenized RWA returns. #BounceBitPrime
BounceBit boasts numerous advantages, including its independent public blockchain and its independence from Bitcoin's underlying technology. Using a dual-token PoS mechanism, BTC and $BB collaborate to maintain network security. The unique restaking mechanism allows users to stake BTC and receive certificates (such as BBTC), which can be used to stake BB or participate in ecosystem applications such as oracles and cross-chain bridges. Furthermore, $BB is collaborating with CeFi institutions to enable multi-strategy asset management, and its upcoming Binance Megadrop listing is attracting significant attention. #BounceBitPrime
@BounceBit 's excellence lies in not only addressing the difficulty of income channels but also ensuring legitimacy. Its partnership with top institutions such as BlackRock stems from its meticulous design in custody, compliance, and cross-chain security. While the current BB price of $0.12 may seem modest, it is actually in a "delayed pricing" phase. As #BounceBitPrime 's income strategy gradually takes hold, its position in the BTC ecosystem will be reassessed by the market. The goal of 5 times by the end of the year is not just wishful thinking. Under the logic of "real income + on-chain token", there is reasonable space for value restoration. BB can be called a great value ticket to the future financial income channel. #BounceBitPrime
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The Best Cross-Chain Wallet WalletConnect is making a big move, and the WCT Ecosystem Reward Program is now live! Whether you are a wallet developer, SDK integrator, or dApp pioneer, as long as you contribute to the Web3 ecosystem, WCT rewards are within reach! Wallets enhance session volume, optimize latency and user experience, doubling the rewards directly! SDK giants accelerate integration with WalletKit/AppKit, and WCT flows continuously! dApp players, high-quality sessions and active users are your trump cards! How are rewards calculated? Relay traffic, session retention, smart session adoption, authentication levelโeverything can be exchanged for WCT! This is not just a rewards frenzy, but a revolution in Web3 user experience! Come join us, optimize experiences, earn WCT, and make Web3 smoother! Your efforts determine the future of Web3! Act now, take center stage, the Web3 platform is waiting for you to battle! #WalletConnect $WCT @WalletConnect
Altcoin Breakout Brewing โ Market Dynamics Are Shifting Fast
For much of the week, Bitcoin and large-cap altcoins led the cryptocurrency market. Bitcoin reached a fresh record high of $124,100, while Ethereum and Solana flirted with their previous highs. ๐ขEthereum temporarily reached $4,800 on Thursday, August 14. The newest on-chain data shows that ETH and other altcoins may be just starting a lengthy rise that might overtake Bitcoin, the world's biggest cryptocurrency by market capitalization. ๐ขCryptoOnchain said in a CryptoQuant Quicktake that the current data suggests an altseason is underway. Stablecoin Liquidity and Bitcoin Dominance (BTC.D) are the main on-chain measures supporting this optimistic theory. ๐ขFirst, CryptoOnchain reported that ERC20 stablecoin supply has reached an all-time high of $128.7 billion. A big stablecoin supply increase usually increases liquidity, enabling investors to buy altcoins. โ Additionally, stablecoin active addresses have surpassed 250K for the first time, indicating increased network activity and circulation levels before large market cycles. โ In recent weeks, Binance's All Stablecoins (ERC20) Exchange Netflow has exceeded $67 million many times, according to the on-chain analyst. Positive exchange netflows improve investor buying power, according to CryptoOnchain. ๐According to the graphic above, BTC Dominance was rejected from its Previous Cycle Bull Run Resistance zone. These rejections have historically corresponded with capital flowing from Bitcoin to mid- and large-cap altcoins, an early indicator of the altseason. ๐Increased stablecoin liquidity and Bitcoin Dominance technical rejection might spark an altcoin market breakout. CryptoOnchain advised watching for a significant Ethereum breakthrough over its โThis Cycle Bull Run Resistanceโ and a sustained BTC.D slump. ๐ขIn the previous 24 hours, the altcoin market has dropped over 1% to $1.57 trillion. TradingView reports that altcoin capitalization has increased by over 5% in the previous week.
Recently, @BitlayerLabs has suddenly become a hot topic. On August 13th, it launched a Pre-TGE on the Binance Wallet, a pre-token generation event that allowed users to participate in advance using Alpha Points. A total of $400,000 in BNB was raised, corresponding to 200 million BTR tokens at a price of $0.02 (a FDV of $20 million). Many on Twitter complained about the high barrier to entry, requiring at least 222 points, while others excitedly stated that this was the next "launch point" for the Bitcoin ecosystem. Meanwhile, BTR has been listed on platforms like WEEX and Toscale, primarily trading in the BTR/USDT pair. Another major news story is that its TVL (total value locked) has surged by $353 million, or 372%, over the past 30 days to a current level of $448.8 million. This data reminds me of an analysis post I came across a while ago, where someone compared BitlayerLabs and competitors like BNB and Core to the "three pillars of Bitcoin Layer 2." BitlayerLabs saw the most rapid growth because it wasn't just driven by hype but also had real miner support. Partners controlled nearly 40% of Bitcoin's hash rate, ensuring the security of the bridge.
They also launched a Booster event with Binance Wallet, offering a total reward of 30 million BTR. Starting on July 24th, the event featured phased challenges, including social tasks, holding small amounts of BTC, and minting BitVM SBT. Someone on Twitter shared their experience participating, saying that holding the Lucky Helmet NFT earned them a share of 800,000 BTR, which felt like winning the lottery. This event not only attracted new users but also strengthened collaborations with BNB Chain, Sui, and Avalanche, building a multi-chain ecosystem. Another highlight was the public offering, which was sold on CoinList at $0.20. 95% of the tokens were allocated to HOLD holders, and 100% were unlocked during the TGE. This is 33% lower than the previous VC round price, presenting a promising opportunity for retail investors. Twitter bloggers have a wide range of price predictions, with some predicting a range of $0.15-0.20, while others worry about a $0.20 price spike. However, data suggests BitlayerLabs' ecosystem is highly active, with transaction volume ranking among the top three in Bitcoin's Layer 2 ecosystem, indicating significant future potential.
BitlayerLabs gives me hope for the future of Bitcoin DeFi. It's not one of those hype-driven projects; it's truly building bridges and paving the way. If you're a BTC holder, keep an eye on its Pre-TGE and Booster events; they might just be the next opportunity. #Bitlayer
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