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PancakeSwapX launches with zero-fees, gasless swaps on Ethereum, Arbitrum
Gasless swaps could ease the DeFi onboarding process, bolstering mass crypto adoption among new holders.
PancakeSwap has launched a new product to improve user execution prices, aiming to make crypto more accessible to the mainstream.
The product, PancakeSwapX, enables zero-fee transfers and gasless asset swaps on the Ethereum and Arbitrum networks, according to an announcement shared with Cointelegraph.
The launch may bring significant improvement to decentralized finance (DeFi) user experience, according to Chef Kids, the head chef at PancakeSwap, who wrote:
“[PancakeSwapX] is allowing traders to focus solely on executing their trades without the hassle of maintaining multiple native gas tokens or calculating gas fees. Additionally, by aggregating liquidity from multiple sources, PancakeSwapX eliminates the need to switch between different platforms for better execution prices.”
Without products like PancakeSwapX, new DeFi users first need to set up a native Ethereum address and buy Ether to pay transaction fees before being able to transact on the blockchain. This complex onboarding process can be intimidating for mainstream users, driving most new crypto investors to centralized exchanges (CEXs). Read More
Ripple Invests $25M in Bitnomial's Platform to Build Regulated Derivatives Market for Digital Assets Like XRP
Crypto derivatives platform Bitnomial announced on Tuesday the upcoming launch of its new U.S. perpetual futures trading platform, Botanical, following a successful $25 million funding round led by Ripple. The round saw participation from new and existing investors, helping Bitnomial expand its Commodity Futures Trading Commission (CFTC)-regulated exchange, clearinghouse, and brokerage operations.
Luke Hoersten, Bitnomial’s CEO, expressed enthusiasm about the new platform and partnership, stating:
We are taking a bold step forward in our mission to provide a regulated and innovative trading experience by launching Botanical, which will provide an alternative to DEXes and VPN-based workarounds common in perpetual trading today.
“We are excited to partner with Ripple, whose investment demonstrates its shared belief in creating a robust regulated marketplace for digital assets in the U.S.,” he added. Read More
Ripple Announces Initial Exchange Partners for Ripple USD (RLUSD) Stablecoin Launch
Payments firm Ripple is announcing exchange partners for the launch of RLUSD, the company’s new dollar-pegged stablecoin.
According to a new press release, Ripple Labs is collaborating with crypto platforms Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish to launch Ripple USD.
Beta testing for RLUSD rolled out on the Ethereum (ETH) mainnet and the XRP Ledger (XRPL) two months ago.
Ripple first announced plans for RLUSD in April 2024. In a court filing in May, the U.S. Securities and Exchange Commission (SEC) argued that the planned stablecoin represented an “unregistered crypto asset.” The SEC’s assertions have yet to be confirmed or denied in court.
According to Ripple, the new stablecoin is designed decentralized finance (DeFi) and traditional finance uses. According to the announcement, RLUSD is backed by cash deposits, US government bonds and cash equivalents subject to monthly third-party auditing. Read More
DTCC launches digital sandbox to innovate capital market infrastructure
The DTCC aims to invite market participants to address pain points and let clients try DTCC products on their own use cases.
The Depository Trust and Clearing Corporation (DTCC) has a sandbox.
The DTCC Digital Launchpad will be an open ecosystem where market participants and technology providers can launch pilots that will have a clear path to production. This comes after a successful proof-of-concept led by the Japan Securities Clearing Corporation (JSCC).
Sandboxes save participants money:
The DTCC has invited a group of participants to the Digital Launchpad to develop initiatives that address critical collateral management pain points and lead to scalable solutions. Their results will be publicized in the first quarter of 2025.
At the same time, DTCC clients will have access to the DTCC Digital Assets suite of products within the sandbox, allowing them to develop their own “use cases without substantial investment.” They can receive guidance and support from DTCC as they do so. Read More
Breaking Free from Constraints: How Markethive Empowers You to Overcome Censorship, Government Restrictions, and Outdated Marketing Practices
We live in a world where every step you take toward your dreams feels obstructed by invisible barriers, as if the odds are intentionally stacked against you. This isn't just your imagination; it is a reality, and these obstacles are built into society’s very structure, protecting corporate giants and keeping aspiring entrepreneurs like you from gaining ground. Every hour, every dollar, every ounce of effort you pour into building something meaningful seems met with another wall carefully designed to hold you back.
Government policies seem to pile on, favoring established players in their grasp, while leaving smaller businesses to navigate a confusing labyrinth of taxes and regulations. Even social media, once a beacon of free expression and open connection, now censors and suppresses voices that challenge the norm and agendas that do not conform to their puppet masters' desires. And when you turn to marketing, the cost of visibility on major platforms puts real success out of reach for those without deep pockets.
But what if there were a place built just for entrepreneurs like you? A platform where censorship doesn’t exist, where your voice isn’t filtered through algorithms, and where you can freely connect, grow, and monetize your ideas. Thanks be to God, this place exists, and it’s called Markethive.
Markethive is a powerful and Godly movement built on the principles of decentralization, transparency, freedom, and empowerment of people worldwide. Markethive is a revolutionary hybrid ecosystem that blends social networking, inbound marketing, and blockchain technology. It’s designed to empower entrepreneurs with tools and resources you can’t find anywhere else, giving you the autonomy to thrive outside the limits of traditional systems. Here’s how Markethive sets you free from societal barriers and provides solutions that the world desperately needs. Read More
Solv launches Bitcoin staking token on Solana
Bitcoin’s emerging layer-2 and DeFi ecosystems are sparking competition for BTC liquidity on other chains.
Solv Protocol has launched a Bitcoin staking token on Solana in a bid to woo BTC holders as yield opportunities proliferate for the digital currency, Solv told Cointelegraph on Oct. 17.
New BTC yield options in the Bitcoin network’s emerging ecosystem of layer-2 scaling chains (L2s) and decentralized Finance (DeFi) protocols are forcing projects on other networks — such as Ethereum and Solana — to compete for BTC liquidity.
Dubbed SolvBTC.JUP, the liquid staking derivative (LSD) is designed to generate BTC-denominated yield from transaction fees on Jupiter Exchange, one of Solana’s most popular decentralized exchanges (DEX).
The token launch is still in the pilot phase but is part of an “ongoing effort to enhance Bitcoin’s role in decentralized finance,” Solv said. Read More
Why Worldcoin Built an Ethereum Network Specifically for Humans
World, previously called Worldcoin, has debuted an Ethereum layer-2 chain with an aim to onboard real humans—not bots.
Worldcoin, newly rebranded World—the crypto-fueled, eyeball-scanning identity platform co-founded by OpenAI CEO Sam Altman—launched the mainnet for its own Ethereum layer-2 network called World Chain on Thursday.
World Chain is rolling out with the goal of bringing millions of verifiable human users onto the blockchain, in addition to promoting the development of digital identity tools and applications that promote financial freedom, its core team told Decrypt.
Many blockchains are dominated by bots, World advisor Liam Horne told Decrypt. But World Chain hopes to serve the kinds of users who the project believes stand to benefit most from blockchain technology: human beings.
“On a lot of chains, there's more algorithmic trading bots that are kind of moving money around on chains than [there are] people,” Horne said. “World Chain is about expanding out the set of use cases for [humans], and also building a blockchain in a kind of a way that is more designed for them.” Read More
HUMBL issued US patent for blockchain payments technology
The company’s CEO described getting a blockchain patent in the US as “a very challenging process.”
Blockchain firm HUMBL recently announced that the United States Patent and Trademark Office (USPTO) formally issued a patent for the company’s blockchain technology.
The patent was issued on Oct. 15 for HUMBL’s nebulously titled “System and Method for Transferring Currency Using Blockchain.”
While this isn’t the first company to receive a US patent for blockchain-related technology, the time frame surrounding the patent’s approval and issuance highlights one of the regulatory difficulties faced by small businesses in the blockchain and cryptocurrency industries.
Patent approval:
HUMBL’s newly patented tech appears to be a blockchain-based currency transaction system. Ostensibly, based on the information provided, it would serve as a digital-to-fiat bridge (and vice versa) running on blockchain technology.
This payment system, as described, would allow nearly any two wallets on Earth to transact with no intermediary beyond the digital ledger itself.
According to HUMBL, the patent approval took over four years. Based on a cursory examination of the filing documents, there doesn’t appear to be anything extraordinary about the technology that would merit such an elongated timeframe for approval. Read More
Ethereum Bulls Have Reason to Worry If L2s Remain Dominant, Says VanEck Analyst
Ethereum's "changing fundamentals" and growing embrace of layer-2 networks could massively impact ETH's future price, a VanEck analyst said Thursday.
Ethereum’s adoption of layer-2 networks could cost ETH trillions of dollars in potential market capitalization over the next few years if its associated dynamics remain unbalanced, according to VanEck Head of Digital Assets Research Matthew Sigel.
In a Twitter (aka X) post, the analyst posited Thursday that Ethereum’s “changing fundamentals suggest a model update is in order.” Instead of climbing to $22,000 by 2030, Ethereum’s price projection would plummet 67% to $7,300 if “the current reality” was reflected, Sigel wrote.
VanEck’s model factors in Ethereum’s expected growth in total value locked, reflecting the value of assets used in decentralized finance (DeFi) applications. It also considers the amount of Ethereum consumed by the network—and burned, or removed from circulation—as a result of transaction fees.
Data gathered over the past four months indicates that layer-2 networks are “taking more value from Ethereum” than previously thought, Sigel said. Instead of Ethereum benefiting from the bulk of user activity compared to layer-2 networks, the trend has been vastly reversed. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
