Latest news with #Arbitrum
Yahoo
5 days ago
- Business
- Yahoo
TRIBE DEX Brings Real DeFi Utility to Life with TMX TGE: Only 485 ETH Available After $871K Raised
Dubai - UAE , May 26, 2025 (GLOBE NEWSWIRE) -- TRIBE DEX Launches Limited TMX TGE Round on Arbitrum: Just 485 ETH Open for Public Allocation After $871K Raised PrivatelyMay 2025 – Arbitrum, Ethereum L2 — In a bold move redefining decentralized finance, TRIBE DEX, a next-generation perpetuals trading platform built on Ethereum Layer 2 networks (Arbitrum & Optimism), has officially launched its highly anticipated Token Generation Event (TGE) for the TMX token — with a strictly capped allocation of just 485 ETH available for public a $871,000 private sale completion, this limited TGE round underscores growing institutional and community demand for high-performance, non-custodial DeFi trading solutions. The event is now live at offering early supporters an opportunity to acquire TMX at discounted pre-listing prices ahead of its upcoming Weex listing and a Top 10 CEX launch announcement.'We designed TRIBE DEX to lead the future of derivatives trading on Ethereum L2 — where speed, privacy, and profit converge. TMX is the heartbeat of our ecosystem, and this TGE is our first step toward building a truly autonomous trading infrastructure,' said the TRIBE DEX founding Sets TRIBE DEX Apart?Next-Gen Trading, Fully DecentralizedPerpetual Futures with up to 30x LeverageCEX-grade interface with multi-account and risk management toolsBuilt-in DCA/Grid bots, auto-trading & copy trading TMX Tokenomics: Engineered for Long-Term GrowthStaking APYs up to 500%Buyback & Burn model to sustainably reduce supplyGovernance utility granting real influence to token holdersHigh-Yield Liquidity Pools (TLP)200–500% APY via fees + TMX incentivesTLP tokens can be used as trading collateralImpermanent loss protectionDeFi Meets Real Life: The TRIBE Debit CardTRIBE DEX bridges DeFi and daily life with a crypto debit card, enabling users on Arbitrum and Optimism to spend digital assets seamlessly in real-world Breeds ValueWith only 485 ETH available in the public TGE, TRIBE DEX is maintaining scarcity by design, reflecting its commitment to sustainable value and long-term price appreciation. This tightly limited round signals strong confidence from early investors and aligns with the project's measured, utility-first token release NOW LIVE: Info: the Community: the Pulse: for Impact in the DeFi EconomyAs traditional finance adapts to decentralized models, TRIBE DEX is uniquely positioned at the intersection of innovation, scalability, and community alignment. With automation-first infrastructure and frictionless user onboarding, the platform invites traders to experience true financial independence — without limits, without KYC, and without launch marks the start of a broader strategy to onboard power users, institutions, and DeFi natives into a profitable, privacy-first trading can secure your TMX before allocation closes: Only 485 ETH is the TGE now at: Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. CONTACT: Patrick Crawford Info at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
6 days ago
- Business
- Business Mayor
Decoding Base's upgrade plan: Is it ready to take on Ethereum?
Base's TVL surged to $4 billion with upgrades for faster transactions, lower fees, and decentralization. Base challenges Ethereum's scalability with ambitious performance upgrades and decentralization plans, eyeing L2 dominance. Base is stepping up. With its TVL climbing back to late-2024 highs, the Coinbase-backed Layer 2 is launching key upgrades to reduce fees, speed up transactions, and decentralize its infrastructure on Ethereum's mainnet. However, with Ethereum still facing scalability challenges, the real question is—can Base transition from a fast follower to a dominant Layer 2 player? Base's bold vision for the future Jesse Pollak's latest X post sketched a performance roadmap for Base: sub-200 millisecond confirmation times, fees under a cent, and output at 200 transactions per second. Source: X But it's not just about speed, seems like. Pollak emphasized neutrality – eliminating sandwich attacks and giving builders fair execution – alongside plans to decentralize core infrastructure in two stages. When asked if Base could ever hit 1 million TPS, his one-word reply – yes – wasn't framed as a joke. TVL rebounds – but can momentum stick? Base's rapid ascent As of May 2025, Base has emerged as a formidable player in the Layer 2 landscape. This growth positions Base ahead of competitors like Arbitrum [ARB] and Optimism [OP] in terms of TVL and daily transaction volumes. Ethereumm[ETH] isn't standing still. The recent Pectra upgrade brought moderate gains in scalability – boosting blob output and nudging smart contract wallet usability forward. Read More PEPE prices up 12% from this support level – Is it all good news? Further down the roadmap, the Fusaka upgrade promises more technical muscle through PeerDAS and Verkle Trees, targeting data availability and state size concerns. Base, on the other hand, is moving faster. With shorter confirmation times, cheaper fees, and a push toward decentralizing core operations, it's making a case for near-term dominance in the L2 arena. READ SOURCE
Yahoo
20-05-2025
- Business
- Yahoo
StraitsX Launches Its Singapore-Dollar Pegged Stablecoin, XSGD, on XRP Ledger
Crypto infrastructure provider StraitsX debuted its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger (XRPL) to cater to growing demand for regulated multi-chain stablecoins supporting real-time cross-border payments. Digital asset developers, fintechs firms and financial institutions can use XSGD to conduct cross-border transactions, settle transactions on-chain and create programmable financial flows. StraitsX, a major payment institution licensed by the Monetary Authority of Singapore, began issuing XSGD in 2020. The stablecoin pegged to the Singapore dollar is fully backed 1:1 by reserves held with DBS Bank and Standard Chartered. As of writing, XSGD had a total supply of 14.12 million, with an onchain transaction count exceeding 8 billion. The stablecoin is available on Arbitrum, Avalanche, Ethereum, Polygon, Hedera and Zilliqa. "At StraitsX, we've always approached stablecoins not just as digital representations of fiat, but as critical infrastructure for the future of financial markets. Launching XSGD on the XRP Ledger is a meaningful step toward that vision – an expansion of interoperability, programmability, and access across networks that were purpose-built for real-world value exchange," Co-Founder and deputy CEO of StraitsX, Liu Tianwei, told CoinDesk. Regulated stablecoins like XSGD are better positioned to see increased adoption in the expected boom in cross-border economic activity in the coming years. For instance, per some estimates, cross-border e-commerce in Asia is expected to surpass $4 trillion by 2030. Meanwhile, global cross-border payments are projected to hit $250 trillion by 2027, according to a report published by Infosys Finacle last year. The report mentioned Ripple while discussing various methods fintechs employ for money transfer. The report said that Ripple's real-time settlement of funds "eliminates the need for pre-funding destination accounts and supports low-cost payments within seconds." The debut of XSGD on the XRP Ledger marks the beginning of a series of upcoming rollouts outlined under the strategic partnership, the press release said. In June, StraitsX plans to introduce a second phase focused on institutional applications, including programmable payouts, merchant settlements, and seamless compliance integrations for various financial workflows. "StraitsX's launch of XSGD on the XRP Ledger underscores that digital assets, including stablecoins, could play a pivotal role in payments" said Fiona Murray, managing director of APAC at Ripple. "We are seeing a growing appetite for stablecoins like XSGD to support enterprise-grade use cases across payments, liquidity, and compliance-first infrastructure. Our collaboration with StraitsX to bring XSGD to the XRP Ledger supports our commitment to delivering regulated assets that can reshape cross-border payments and unlock value for financial institutions," Murray added. 3:00 UTC: Correction: The previous version erroneously said XSGD is powered by XRPL, a decentralized public blockchain by Ripple. It has been removed.
Business Mayor
14-05-2025
- Business
- Business Mayor
Dogecoin Linear Unlock Set To Introduce Almost 100M New DOGE Tokens To Supply
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Dogecoin supply has risen steadily over the years, given that there is no limit to how many tokens that could be mined. This infinite number has often worked against the digital asset, as the constant rise in supply has affected the ability of demand to stay ahead. Now, again, even more tokens are about to be sent into circulation, causing the Dogecoin supply to rise once more. Dogecoin Linear Unlocks in 7 Days Reporter Wu Blockchain took to X to share information on massive token unlocks that are coming into the market. Among the most notable ones is Dogecoin, which is seeing a large amount of tokens that are going to be unlocked over a period of seven days. According to the report, a total of 96.52 million Dogecoin tokens are expected to be unlocked during this one week period, starting on Monday. Token Unlocks data shows that $3.41 million worth of DOGE are expected to be unlocked daily, which works out to approximately 14 million tokens being released everyday. By the time the unlocks are done, the Dogecoin supply would have grown around 0.06%. While this figure does seem insignificant compared to the already massive DOGE supply, the news could still have an impact on the meme coin's price. As $22.75 million in total is being circulated into the market, it could trigger selling pressure, which could lead to a temporary correction in the Dogecoin price. Nevertheless, the Dogecoin price has shaken off the first batch of release and continues to trade high as bulls are still maintaining support above $0.22. If buying pressure continues to be high, then it is possible that the market absorbs the DOGE token unlocks without any noticeable impact on price. Read More Solana protocol fees jump as SOL targets more upside Other Token Unlocks To Watch Out For Besides the Dogecoin linear unlocks, there are also other tokens seeing a notable number of tokens being either cliff or linearly unlocked. The likes of Aptos, Avalanche, and Arbitrum are all seeing unlocks crossing $30 million in value. These unlocks are being done on a cliff basis. Other ones include $10.30 million in MELANIA tokens, further threatening the TRUMP-adjacent token that has done nothing but crash since its release. Source: X When it comes to linear unlocks, the highest one is coming from Solana, with 455,770 SOL worth $81.84 million being released in seven days. Worldcoin's 37.23 million tokens worth $48.02 million comes in second, and Celeste's 6.96 million tokens worth $22.48 million comes third. Dogecoin is a close fourth with its $22.75 million figure. DOGE struggles to stay ahead of bears | Source: DOGEUSDT on Featured image from Dall.E, chart from
Yahoo
09-05-2025
- Business
- Yahoo
Robinhood Developing Blockchain-Based Program To Trade U.S. Securities in Europe: Bloomberg
Robinhood is developing a blockchain-based program to allow traders in Europe access to U.S. financial assets, two people familiar with the matter told Bloomberg. Three blockchains, including Arbitrum (ARB), Ethereum (ETH) and Solana (SOL) are reportedly being considered for the new platform which will be in partnership with a digital asset firm, according to the report. Tokenized assets have become a dominant area for traditional financial firms to push further into crypto. Several companies have launched tokenized funds in the past, with some analysts forecasting the market to grow to $23.4 trillion by 2033. Tokenization refers to the process of creating a digital token for a traditional asset on the blockchain boosting data security and allowing faster transaction settlement and increased liquidity, among other things. In January, Robinhood CEO Vlad Tenev criticized current U.S. regulations which have yet to provide a clear framework and rules for registering security tokens — for blocking what could be a major financial shift that could open up private-market investments to everyday investors through tokenization. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
