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Demex Daily #232: Ripple Adds Ethereum-Compatible Smart Contracts to XRP Ledger

What’s Interesting Today: Ripple is enhancing the XRP Ledger by introducing Ethereum-compatible smart contracts via a new sidechain. This sidechain, built on the XRPL, will use the Axelar network for cross-chain token transfers, with Wrapped XRP (eXRP) as the primary token. The integration of Ethereum Virtual Machine (EVM) compatibility

Demex Daily #231: Libre Joins NEAR and Surpasses $100M in Multichain Tokenized Assets

What’s Interesting Today: Libre, a tokenization firm backed by Brevan Howard, has launched on the NEAR blockchain, enabling users to access and manage tokenized credit and hedge funds like the Hamilton Lane credit fund, Brevan Howard Master Fund, and Blackrock ICS Money Market Fund. NEAR’s Chain Signatures feature

Trading Strategies: Mastering Anchored VWAP with Demex

For traders who seek to gain an edge in the market, the Volume-Weighted Average Price (VWAP) is a powerful tool. Demex, a leading platform for serious traders, provides the VWAP indicator to help you track price movements with precision. While Demex does not offer a built-in Anchored VWAP feature, you

Demex Daily #230: Cardano's Chang Fork Introduces On-Chain Governance for ADA

What’s Interesting Today: Cardano's "Chang" hard fork, launched on Sunday, introduces on-chain governance, turning the ADA cryptocurrency into a governance token. This upgrade allows ADA holders to elect representatives and vote on development proposals. It replaces the Cardano Foundation, Input Output Global (IOHK), and Emurgo

Unlocking the Power of Order Flow Footprint Charts for Perpetual Trading

Order flow footprint charts are advanced trading tools that provide a granular view of market activity, offering insights that traditional price charts may not capture. These charts help traders analyze the underlying dynamics of price movements by displaying detailed order data at different price levels. Key Components of Footprint Charts

Demex Daily #229: Kaia Mainnet Launches with Kaia Wave to Boost Web3 Adoption

What’s Interesting Today: Kaia DLT Foundation has launched its mainnet, positioning Kaia as the fastest and most efficient EVM-based blockchain, supported by major Web3 partners like Kakao and LINE NEXT. Alongside the launch, Kaia introduced the Kaia Wave initiative, developed with LINE NEXT, to accelerate Web3 adoption by allowing

Donald Trump’s Latest NFT Collection: A Digital Power Play Amid the American Election

As the 2024 U.S. presidential election heats up, Donald Trump has launched his latest NFT collection, the "America First Edition," comprising 360,000 digital trading cards. The collection, priced at $99 per card, has already generated over $2 million in sales. However, this release comes at a

Demex Daily #228: Stacks Speeds Up Bitcoin with Nakamoto Upgrade and Prepares for sBTC

What’s Interesting Today: The Bitcoin layer-2 network, Stacks, is rolling out its Nakamoto upgrade, which will increase transaction speed by 120 times, reducing confirmation times from 10 minutes to mere seconds. This upgrade decouples Stacks' block production from Bitcoin and fully implements Nakamoto consensus rules by the end

Tron to the Sun: Profit with TRX and SUN Perps Amid SunPump’s Meteoric Rise

Justin Sun’s Influence and the Success of SunPump Justin Sun is a name that has become synonymous with innovation and controversy in the crypto world. As the founder of TRON, Sun has consistently pushed the boundaries of what's possible in blockchain technology. His ventures, including the high-profile

Demex Daily #227: Aave Labs Plans to Stabilize GHO Stablecoin with BlackRock's BUIDL Shares

What’s Interesting Today: Aave Labs has proposed a new stability mechanism for its GHO stablecoin by using BlackRock’s tokenized fund, BUIDL, to maintain its dollar peg. The update suggests exchanging users' USDC for BUIDL shares that are held in a smart contract until redeemed. BUIDL, which pays