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On October 17, Kraken introduced Kraken Wrapped Bitcoin (kBTC), a new ERC-20 token aimed at increasing Bitcoin's utility across decentralized applications (dApps) on networks such as Ethereum and OP Mainnet.
Kraken, a leading cryptocurrency exchange, launched its own wrapped bitcoin (BTC) token, known as kBTC, on October 17.
The Kraken's launch of Wrapped Bitcoin will further enhance the mainstream adoption of BTC through Web3 space across different chains.
After Coinbase, Kraken has launched its very own wrapped Bitcoin product.
Kraken's launch follows the recent introduction of Coinbase's wrapped bitcoin asset, cbBTC, with both tokens competing against WBTC.
Lido Finance expands to Optimism, strengthening its position as the leading DeFi platform with over $25 billion in TVL, while its token LDO struggles despite ecosystem growth.
Optimism (OP) is in the spotlight, with heightened volatility expected from its upcoming token unlock.
The cryptocurrency market continued its strong start to the week, with almost all major cryptocurrencies in positive territory. Bitcoin (BTC) is up over 2% in the past 24 hours and briefly climbed above $66,000 before dropping to its current level of $65,500.
The Polygon chief has repeatedly suggested that an OP Stack chains are coming to the AggLayer.
In this article, we look at the latest airdrop updates in the crypto world, focusing on the Optimism and Swell projects.
Optimism price is recovering from a significant 13% drop between October 7 and 10, fueled by general market conditions. The announcement of an Optimism airdrop from the Optimism Foundation, coupled with the unexpected U.S. CPI data, initially had negative effects on the price.
Optimism token remained in a deep bear market as the recent rally of most cryptocurrencies stalled. Optimism (OP), a leading layer-2 token, was trading at $1.5140 on Oct. 10, down 70% from its highest point this year.
Optimism (OP) price has shown signs of a bullish trend as it continues to move within an ascending triangle pattern, which often signals upward price movement. The Layer 2 chain has recently gained attention with its fifth airdrop, distributing 10.3 million OP tokens.
TL;DR Optimism's Fifth Airdrop: Distributed 10.3 million OP tokens to over 54,700 users, valued at approximately $16 million. Eligibility Criteria: Users needed to interact with at least 20 different contracts or engage with at least seven chains on the Superchain between March 15 and September 15, 2024.
Per Optimism, recipients of the airdrop have until February 13, 2025, to claim their OP tokens.
Bears dominate the crypto space as Bitcoin lost 1.90% in the precious 24 hours, showcasing weakness above $60,000. Meanwhile, layer2 blockchain Optimism (OP) led the downside, losing over 6% within the past day. Optimism's downward stance follows the recent airdrop, which saw the network distributing 10,368,678 tokens (worth around $16 million).
Optimism launched its fifth airdrop, distributing 10.3 million OP tokens (worth $16 million) to 54,700 user addresses.
OPTIMISM Unlock date - Oct 10th 2024 Number of tokens unlocked- 8 million OP (0.64% of its circulating supply) Current Circulating Supply - 1.25 billion OP Previous token unlock - Sep 30th, 2024 OP Mainnet is a low-cost and lightning-fast Ethereum L2 blockchain powered by Optimism. It is an EVM equivalent layer 2 blockchain designed to scale up Ethereum.
Three cryptocurrencies will unlock nearly $150 million worth of tokens, potentially flooding the market with increased supply pressure. Speculations on the outcome of such massive inflation could bring uncertainty and increase the risks of trading these tokens.
Optimism (OP) price has been under pressure this year, reflecting the broader challenges faced by the scaling solution ecosystem. Key indicators suggest a significant shift in market sentiment, raising concerns about future price trends.
The cryptocurrency markets continued to drop for the second day in a row, with major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), firmly entrenched in the red. BTC slumped to a low of $60,031 before recovering and is currently trading around the $61,300 mark.
Optimism (OP) is gaining momentum in the cryptocurrency market, with analysts predicting a potential rally of up to 70%. This bullish sentiment comes as the token approaches a crucial resistance level of 3000 sats, which experts believe could trigger a significant breakout.
Binance will cease trading on ACE/FDUSD, FIL/BNB, OP/BNB, and TRB/FDUSD trading pairs effective October 4, 2024, due to poor liquidity and trading volume.
Twelve cryptocurrencies will unlock nearly $300 million in previously non-circulating supply this week, raising concerns as sales could intensify. Among these unlocks, three projects alone will release over $220 million, to which traders and investors should give special attention.
