Demex Blog

Latest — Sep 21, 2023

Telegram’s Web3 Wallet On Ton Blockchain

The integration of the Web3 wallet on the Telegram app on the TON blockchain is a monumental step towards broader crypto adoption. Demex's launch of the TON-PERP market amplifies the trading opportunities within the crypto space for traders.

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Demex Daily: DeFi Consortium of Wormhole, Swing, Tashi, and Evmos Targets Liquidity Crisis in Cosmos Ecosystem; Eclipse Introduces Hybrid Layer 2 Architecture

What’s Interesting Today: A consortium of DeFi protocols including Wormhole, Swing, Tashi, and Evmos is collaborating to address liquidity challenges in the Cosmos ecosystem. Wormhole will introduce five new bridged tokens on Evmos, including USDT, USDC, wETH, wBTC, and SOL, a move that has nearly unanimous support. These tokens

Demex Daily: Circle’s USDC Now Live on Polkadot; Tether Authorizes $1 Billion in USDT to Boost Liquidity for Tron Network

What’s Interesting Today: Circle has rolled out its USDC stablecoin on the Polkadot network, enabling transfers to Polkadot's parachains through the XCM protocol. This move aims to solidify Circle's status as a key cross-chain cryptocurrency and to facilitate inexpensive transactions. Circle advises users to avoid depositing USDC moved via

FTX’s Mass Liquidation

FTX, a once $32 billion crypto exchange, recently gained court approval for a massive $3.4 billion liquidation of assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Meanwhile, founder Sam Bankman-Fried will face the court and public scrutiny for the collapse.

Demex Daily: Chainlink's New Financial Partnerships and Tokenized Asset Initiatives; Multiswap on Avalanche Enables Complex Token Swaps in Single Transactions, Plans Expansion Into Tokenized Assets

Top Gainer - Chainlink (LINK): Chainlink's LINK token surged over 10% following new partnerships with traditional financial institutions, outperforming the broader crypto market. The uptick is attributed to Chainlink's collaboration with SWIFT to scale tokenized asset adoption. Chainlink co-founder Sergey Nazarov discussed the Cross-Chain Interoperability Protocol (CCIP) at a SWIFT

Demex Daily: Ethereum Introduces Holešky Testnet; Google Cloud and Orderly Network Partner to Streamline DeFi Accessibility and Security

What’s Interesting Today: Ethereum has rolled out a fresh testnet named "Holešky," equipped with an opening supply of 1.6 billion Ether (HETH) to aid in staking, and the development of both infrastructure and protocols. This introduction serves as a solution to the shortcomings of the older Goerli testnet,

Demex Daily: Polygon Begins Transition to 2.0 with Proposals for MATIC-to-POL Token Conversion and Layer-2 Scaling; Sui Network Simplifies Web3 Onboarding with Social Media Logins for DApps

What’s Interesting Today: Polygon has introduced the first set of improvement proposals to transition to its new Polygon 2.0 ecosystem, aimed at creating an interconnected layer-2 Ethereum network using zero-knowledge cryptography. Three Polygon Improvement Proposals (PIPs) have been released for community review and voting, which are scheduled to

Mastering Money Markets: A Trader's Guide

Money markets offer traders valuable opportunities by providing liquidity and leverage. Traders can access additional funds by borrowing assets from money markets, enabling them to increase their position sizes and capitalize on market movements.

Demex Daily: Telegram Adds TON Crypto Wallet; Coinbase Announces Integration of Lightning Network for Faster, Cheaper Bitcoin Transactions

What’s Interesting Today: Nearly three years after revealing its intention to create a Web3 ecosystem, Telegram has now added a crypto wallet developed on The Open Network (TON) blockchain. While the wallet is open to Telegram's vast user base of 800 million, it excludes users in the U.S.

Demex Daily: MetaMask Users Can Now Manage Solana Assets with New Solflare Integration; Manta Network Launches ZK-Enabled Layer-2 Scaling Platform Manta Pacific for EVM-Compatible DApps

What’s Interesting Today: Solana wallet Solflare has introduced a feature allowing MetaMask users to manage their Solana portfolios directly from their existing MetaMask wallets. Previously, Solana was incompatible with MetaMask, requiring users to create a separate wallet for Solana-based assets like SOL and NFTs. The integration aims to lower