Bitcoin Price: US$ 45,510.34 (-3.31%)
Ethereum Price: US$ 3,281.51 (-3.08%)
Fixed-Rate Yield, ASTO Auction, & Agora Tooling
- Element Finance is a protocol that allows users to access fixed-rate yields in a volatile yield market. This is done by splitting a yield-bearing token—Yearn Finance vault tokens in this case—into Principal and Yield tokens over a fixed duration. Element effectively allows users to hedge their yields and secure their future yields, a unique value proposition that has propelled its adoption.
- This creates a market for users to trade their yields which were previously not possible. To fix your yields, you just have to swap your Yield tokens into more vault tokens. Once the time period is up, each Principal token can be withdrawn for its original vault token, and the yield tokens will be of no value.
- The main bulk of the TVL comes from stETH and USDC, mainly due to them being two of the most popular deposit assets in Yearn.
- Element Finance recently announced that they’ll be dropping a new NFT, Elfiverse, for its community.
- Altered State Machine (ASM) is a platform for the ownership, training and trading of AI agents via NFTs, which can be used across gaming worlds and financial applications. The NFT collections include 10,000 Genesis Brains and 40,000 AIFA All-Stars. Brains are the containers that house machine-learning AI models for the AI agents. AIFA is a soon-to-be-released online soccer game with players who can compete with one another.
- Genesis Brains & All-Stars. Genesis brains will be airdropped 3% of the total $ASTO supply (~71.5M $ASTO). This means each brain will be entitled to 7,152 $ASTO.
- Discovery Auction. This is a 7-day long event that establishes the starting price of $ASTO and also generates deep liquidity for the token. It is open to the public, even if you do not own any brains or ASM NFTs. Unlike typical LBPs, all the $ASTO in the discovery auction is provided by genesis brains holders and not the team, thus it is not a fundraising mechanism.
KuCoin Integrates Conflux eSpace and Lists CFX
- We are excited to announce that KuCoin has integrated Conflux eSpace and has listed Conflux (CFX) on their exchange. 🎉
- In February 2022, Conflux introduced a new EVM-compatible subsystem called Conflux eSpace in its Hydra hard fork. With this approach, both Core Space and eSpace offer the same high-level security that is guaranteed by the hybrid PoW+PoS consensus mechanism of Conflux Hydra.
- With that being said, KuCoin ONLY accepts CFX deposits from eSpace! If you already have assets on Conflux Core, follow this tutorial to learn how to use the cross-space bridge to move them to eSpace. Alternatively, you can move assets from other chains to eSpace directly using multichain.org or meson.fi.
Bitcoin mining finds fresh support from Russian Finance Ministry
- As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support for Bitcoin (BTC) mining.
- Russia should encourage the development of industrial-level cryptocurrency mining in the country, the Ministry’s director of the financial policy department Alexey Yakovlev urged.
- There’s also no point in banning retail or household Bitcoin mining, Yakovlev said, as the local publication Prime reported on Thursday. The Russian lawmakers discussed the two categories of cryptocurrency miners at a recent round table called the “Mining regulation in Russia: For and against.”
- According to Yakovlev, Russian officials reached a consensus on the regulatory framework for crypto mining companies long ago, supporting their work and requiring them to pay taxes.
Circle selects BNY Mellon as custodian for USDC reserves
- On Thursday, USD Coin (USDC) operator Circle announced that it had selected financial institution BNY Mellon as the custodian of its USDC reserves. Founded in 1784, BNY Mellon is one of the oldest banks in America and possesses over $46.7 trillion in assets under custody or administration worldwide. It serves as a single point of contact for clients looking to manage their investments. With the new partnership, BNY Mellon said it will also explore the possibility of using digital cash for settlement purposes. Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, gave the following remarks:
- “We are at a point in the evolution of our industry where the digitization of assets presents new and exciting opportunities to a broad range of market participants. As a custodian for USDC reserves, our role supports the broader marketplace and brings value to clients, founded on our role at the intersection of trust and innovation.”
The future of cashback: Companies adopt cryptoback rewards for card purchases
- Receiving cash back from your credit and debit card purchases has been a long-time benefit for credit card users. However, various projects and companies have started implementing cryptoback rewards for card purchases.
- Back in 2021, BlockFi launched a Visa-backed Bitcoin rewards card as a way to welcome users into the crypto ecosystem. With the card, users can get 1.5% back in Bitcoin (BTC) instead of other rewards such as cash or miles.
- The same year, Venmo started allowing users to buy crypto with their cashback rewards. Its “Cash Back to Crypto” allows credit card users to spend their cashback rewards on crypto assets like BTC, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).
Zilliqa’s ‘metaverse’ debut pumps ZIL price 350% in just five days — Selloff ahead?
- Zilliqa (ZIL) continues its supersonic bull run this week after reports that it will officially launch a so-called metaverse-as-a-service (MaaS) platform in April.3
- Traders started flocking to the Zilliqa market the day after it announced the launch of Metapolis, a MaaS platform built on Nvidia Omniverse, during a VIP event coming April 2 in Miami.
- The metaverse concept and the companies trying to build it attracted nearly $3 billion in funding in 2021 compared to $2.33 billion in the year before that, according to data intelligence firm Dealroom.
