Neo Price Bleeds 40% 7162

NEO’s dismal performance in August has likely strengthened the already strong bear grip on its market. Down 39.6 percent month-on-month in August, it is the biggest loser among the top 25 cryptocurrencies by market capitalization.

Throughout the month, the world’s 14th largest cryptocurrency has moved in tandem with the broader market, which took a beating in August due to SEC’s rejection of multiple bitcoin exchange-traded funds (ETFs).

Notably, the total market capitalization of all cryptocurrencies was printing more than $100 billion loss just two weeks into the month as the metric sank below $200 billion for the first time in over eight months. At the same time, NEO was reporting monthly lows below $14.50.

However, the broader market made a considerable rebound in the final two weeks of August, regaining nearly $40 billion of the lost value in total market capitalization.

Still, the rally towards August’s end was not enough for many cryptocurrencies to salvage the considerable losses endured in the weeks prior, including the likes of bitcoin (BTC) and ether (ETH), the markets largest assets, reporting double-digit monthly losses.

NEO also recovered 35 percent from the lows seen on Aug. 14 but is still a standout performer in the losers column.

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Fund Your Gnosis Pay Card Using Bitcoin 6022

The Kinetex team is thrilled to announce its integration with Gnosis Pay, the world’s first on-chain self-custodial account that connects the traditional payment rails to Web3 rails.

This collaboration provides a straightforward and fast way to top up balances from Bitcoin, Ethereum, and other EVM-compatible tokens by swapping them to EURe via Kinetex’s Flash Trade. It enables users to fund the Gnosis Pay account seamlessly and, in turn, be able to spend their on-chain assets at any Visa merchant worldwide.

Kinetex’s Flash Trade is an intent-based trading protocol that leverages the power of ZK technology to ensure a seamless cross-chain trading experience. One of the most revolutionary features of Kinetex is its support for Bitcoin. By introducing BTCX, a ZK light client built with Succinct Labs’ infrastructure for programmable truth specifically for Bitcoin, the team was able to connect the first cryptocurrency to the ever-growing DeFi ecosystem.

Swapping via Flash Trade is instant, secure, and cost-effective thanks to the advanced ZK technology. This technology enables users to carry out transactions without the need for intermediaries, centralized validators, or complex smart contracts. The process is streamlined by implementing an intent-based approach that connects traders and market makers, making the latter responsible for ensuring liquidity, fast execution times, and low costs.

The integration between Kinetex and Gnosis Pay is set to change how crypto owners can use their assets, empowering them to spend crypto funds in their everyday lives. Together, Kinetex and Gnosis Pay contribute to accelerating both the mainstream adoption of crypto as a means of payment and the maturing of the DeFi industry.

About Kinetex

The integration of Bitcoin into the DeFi ecosystem marks a monumental development for the cryptocurrency industry. As the pioneer and most valuable cryptocurrency, Bitcoin has long been seen as a store of value. However, with the rise of DeFi, Bitcoin’s potential for use in financial applications has soared. In this transformative landscape, Kinetex is leading the way, expanding Bitcoin’s use cases and acting as a bridge between orthodox finance and the new world of DeFi, thus unlocking its full potential.

Contributors to Kinetex Network are actively working on broadening the list of supported networks. Their goal is to encompass over a dozen networks, including popular L1 ones like Bitcoin, Solana, Aptos, Sui, BounceBit, and Berachain. They are also in the process of connecting various L2 Ethereum networks, including ZkSync, Linea, Base, Scroll, and Blast. As for L2 Bitcoin networks, Merlin, Rootstock, Bitlayer, and others will be integrated soon. By increasing the number of networks users can access, Kinetex is breaking down the barriers between different chains, uniting the blockchain ecosystem and thereby significantly enhancing the global crypto user experience.

EthosX Launches New Perpetual Options Product 6190

EthosX is excited to announce the launch of its new Perpetual Options product being launched in partnership with kanalabs.io on their front end. Called OPerps, it aims to be one of the most accessible and efficient ways to enhance returns by using knowledge about short-term market events.

The product aims to help users leverage their market predictions to generate consistent income and maximize returns.

OPerps is a decentralized platform for short-term options trading. It harnesses the power of blockchain technology to enable efficient and transparent options trading, which happens via a user-friendly interface designed to empower those new to derivatives.

OPerps lets users trade tokenized (ERC-20) options that never expire but settle every few minutes/hours. These perpetual options solve the problem of cascading liquidations found in traditional perpetual futures.

Furthermore, offering them in a decentralized, tokenized format allows for continuous trading opportunities while enhancing security and flexibility on the platform.

OPerps Opportunities

OPerps aims to maximize the trading potential of investors by giving them opportunities to profit from sudden market movements. This can happen through two avenues; Long Call OPerps and Long Put OPerps.

Investors can engage in trading Long Call and Long Put OPerps to capitalize on market movements. Long Call OPerps profit from rising markets, while Long Put OPerps benefit from downtrends. Conversely, Short OPerps allow users to potentially earn premiums from Long OPerps token holders, with Short Call OPerps profiting in falling markets and Short Put OPerps in rising markets.

OPerps live options positions aren’t restricted to the platform. A live options transfer feature allows users to move their live option positions to other wallets and protocols for added convenience.

As part of the trading experience, the new platform gives users more leverage and APY choices. Traders can choose between high leverage (up to 1000x on BTC/ETH) or high APYs (triple-digit returns).

OPerps includes features to limit losses and avoid sudden liquidations, providing a safer trading environment.

OPerps is a rare innovation in the history of capital markets that leverages the structure of decentralized finance (DeFi) to give traders the ability to transfer live options positions to anyone anywhere in the market. The platform offers different operational modes: Normal mode on Binance Smart Chain (BSC) and DEGEN mode on Arbitrum for varied trading experiences.

OPerps uses data from the Pyth network for prices of options underlyings (BTC & ETH for now). Pyth’s real-time data feed makes the Degen mode possible.

About EthosX

EthosX is a protocol for trading high-value vanilla/exotic derivatives without going through banks, brokers, and other intermediaries. It provides a platform for investors to trade directly with one another with minimal counterparty and minimize settlement risks.

The platform is designed from both crypto and traditional asset classes. But whether a user is trading cryptocurrency options or TradFi derivatives, clearing and settlement are done in an automated and decentralized smart contract-based clearinghouse for capital-efficient trading.

Meet TON-Margined trading at Storm Trade 7755

Storm Trade is the first decentralised derivatives trading platform on Telegram, built on the TON blockchain and allowing trading with leverage up to x50. Keeping up with the times and providing all the best technologies to its users, Storm is releasing a major update – TON-Margin, which will change the way you trade!

What is TON-Margin?

Many perpetual platforms, including Storm Trade, typically trade in stablecoins. However, TON-Margin opens the door to trading using TON as collateral. This gives traders more flexibility, variety and the ability to profit from even small price changes. And of course it brings the TON blockchain closer to true mass-adoption.

Since January 2024, 2 trading pairs to TON have been available on Storm Trade: TON/USD-CM and 1mNOT-F/TON, which showed great popularity among the exchange’s traders. Today, 10 trading pairs to TON are available on Storm Trade, and TON/USD-CM remains the most popular of them.

TON-M provides new opportunities, combining both risks and benefits. The main advantages of futures with TON to provide are:

  • Choice of asset to trade and expanded trading opportunities,
  • The ability to trade without selling TON for stablecoins,
  • Non-linear payout structure and increased profits even on small price movements,
  • Hedging of risk even in a falling market.

The main disadvantage of futures with TON in collateral is the rapid reduction of collateral when volatility is high.

The emergence of TON as collateral and the opening of new trading pairs is a great event for the entire TON ecosystem because it opens up almost limitless earning opportunities for holders, stakers and TON traders.

TON-Margined futures are an excellent tool for increasing trading income, protecting against losses in a falling market and diversifying your trading strategies. Trading only TON, on the TON blockchain, and using TON as a commission payment, on par with listing Notcoin on major exchanges, makes TON fully ready for the wave of new users that should inevitably happen in the near future.

Don’t forget about risk management, trade with an amount of funds that is convenient for you, learn new things and expand your trading experience with Storm Trade!

$GTAI Listing on a New CEX: 2 Days Left 8195

Exciting news is coming for the cryptocurrency market as $GTAI, a token of GT Protocol, is preparing to get listed on a new CEX in just 2 days. After its successful debut on top platforms like Bybit, Kucoin, Gate.io, MEXC, HTX, and Bitget, $GTAI has emerged as one of the most promising token launches of 2024.

In celebration of this imminent listing on a new CEX, GT Protocol has announced a $10,000 giveaway as a sign of appreciation for the community’s support and enthusiasm for the project. The event details and instructions on how to participate in the giveaway can be found on GT Protocol’s official X channel.

On May 15th at 12:00 UTC, we will unveil a new CEX, where $ GTAI will be listed. This strategic expansion is not just a move but a leap towards enhancing $ GTAI’s liquidity and accessibility. It’s a step that will further establish $ GTAI’s presence in the global cryptocurrency market.

GT Protocol is a game-changer, pioneering an AI Layer for Web3, aiming to onboard 100 million users with its innovative technology. GT Protocol offers an AI model specifically designed for Web3 investments, trading, and portfolio management. It is also developing an AI tool similar to ChatGPT for the cryptocurrency market that will enable users to manage their crypto portfolios, execute trades on CEX and DEX, or engage with NFT platforms through simple text or voice commands. This tool will easily answer any query and fill up the gap in your crypto knowledge.

$GTAI proudly announces its partnerships with industry giants such as Binance, OKX, and Tron blockchain, leveraging these relationships to enhance the GT Protocol and expand its user base. Furthermore, GT Protocol has over 90,000 users of GTAPP and a vibrant community of 900,000 followers across various social media platforms.

Stay tuned for more updates on this promising project as it continues to make waves in the cryptocurrency and blockchain space.

Sarson Funds Announces Official Launch of csprUSD Stablecoin on Casper Network Mainnet 8984

Sarson Funds, in partnership with the Casper Association, is thrilled to unveil the official launch of the csprUSD stablecoin on the Casper Network mainnet.

Following successful testing on the Casper Network testnet, csprUSD enters the digital currency landscape as a robust fiat-backed stablecoin, echoing recent innovations from industry leaders like Ripple and Cardano. Crafted with precision to pre-comply with anticipated U.S. regulatory standards including dollar-for-dollar collateral deposits held in with a U.S. banking partner, csprUSD mirrors the functionality of established industry titan USDC.

“We’re excited to see the culmination of our collaborative efforts with the launch of csprUSD on the Casper Network mainnet,” remarks Alizee Carli, Head of Ecosystem at the Casper Association. “This milestone underscores the growing momentum of applications and partners committed to leveraging stablecoins for critical infrastructure development.”

During its testnet phase, Sarson Funds witnessed a surge in user engagement and network expansion within the Casper ecosystem, indicative of a growing demand for stablecoins. Designed to foster growth while adhering to current and forthcoming US regulatory frameworks, csprUSD offers a stable, fiat-backed digital currency ideal for transactions on American exchanges.

The impending stablecoin legislation in the US highlights the need for robust regulatory measures to safeguard the cryptocurrency market. Sarson Funds CEO John Sarson emphasizes, “The launch of csprUSD marks a pivotal moment as stablecoin issuers seek to comply with the evolving U.S.regulatory landscape. Our rigorous testing during the testnet phase positions csprUSD as a compliant and trustworthy stablecoin.”

Sarson Funds, a leading asset manager specializing in the blockchain sector, has forged strategic alliances with industry stalwarts WeaveChain for development, BlockPass for compliance solutions, and Custodia Bank for secure banking services, ensuring the integrity and reliability of the csprUSD stablecoin.

For further details about csprUSD and its launch on the Casper Network mainnet, please visit [Stablecoin Index, LP official website] (https://www.stablecoinindex.io/).

Introducing BitBonus: Revolutionizing Crypto with 4% Tax and 5 Unique Utilities 9439

BitBonus emerges as a groundbreaking addition to the crypto sphere, offering investors a unique opportunity to participate in a project with unparalleled potential. With a distinctive 4% tax structure, BitBonus is poised to redefine the landscape of decentralized finance, prioritizing rewards for holders and fueling strategic marketing initiatives.

The BitBonus Advantage:

At the core of BitBonus lies a 4% tax mechanism, where 2% of every transaction is distributed to holders in BTC, fostering a culture of passive income generation. The remaining 2% is allocated to the marketing wallet, ensuring continuous growth and visibility for the project.

Five Dynamic Utilities:

  1. Fashion Forward: BitBonus unveils a cutting-edge clothing brand that not only exudes style but also offers convenience through online purchasing and pop-up stores worldwide.
  2. Luxury Experiences: Experience the epitome of extravagance with BitBonus’ booking website, curated to provide access to exclusive luxury experiences around the globe.
  3. Venture Capital: BitBonus Ventures champions visionary entrepreneurs aligned with the mission of advancing economic freedom globally. Holders of BitBonus tokens will enjoy rewards from this initiative, with more details to follow soon.
  4. Alpha Club: The BitBonus Alpha Club welcomes Diamond holders and select influencers into an exclusive realm of privileges, including token rewards and exclusive contests.
  5. Secret Utility: Stay tuned for an exciting announcement regarding BitBonus’ undisclosed utility, set to elevate the project’s impact and utility within the crypto community.

NFT Collection and Future Integration:

BitBonus is proud to unveil an exclusive NFT collection, poised to complement and enhance its diverse range of utilities in the near future, promising unique and rewarding experiences for holders.

Upcoming Milestones:

BitBonus marks its inception with a fair launch on PinkSale, offering transparency and accessibility to all investors. Witness the journey unfold from start to finish at: PinkSale Launchpad https://www.pinksale.finance/launchpad/bsc/0xFb7725242a891220105C02d67ba62CD3d4368b09

Following the launch, BitBonus is set to make its debut on PancakeSwap, providing liquidity and accessibility to investors on one of the most popular decentralized exchanges.

Connect with BitBonus:

Website: https://bitbonusbsc.com/
Twitter: https://twitter.com/BitBonusBSC
Telegram: https://t.me/BitBonusbsc_official

About BitBonus:

BitBonus is a revolutionary project dedicated to maximizing value for its holders through innovative utilities, strategic partnerships, and a dynamic tax structure. With a commitment to transparency, sustainability, and community empowerment, BitBonus is poised to redefine the future of decentralized finance.