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As August approaches, notable token unlock events are expected to impact the market. BeInCrypto has highlighted the top five unlocks that could influence market dynamics.
Just months after Wormhole's airdrop in April, the cross-chain project will unlock a third of its token's circulating supply this month: 600 million tokens at a current value of about $180 million.
This development addresses the longstanding challenges associated with transferring USDT between different chains. It has often been slow, expensive, and reliant on wrapped tokens that introduce additional risks.
Wormhole introduces native USDT transfers on Ethereum, Arbitrum, Base, Optimism, Polygon, BNB Chain, and Avalanche, leveraging Uniswap v3 and PancakeSwap pools.
Worldcoin announced the selection of 17 grantees for Wave1 of its Community Grants Program aimed at empowering Wormhole and other passionate cross-chain protocol builders. Wormhole expressed their excitement about being part of the Worldcoin Tech Tree that would oversee the advancement of Secure Multi-party Computation (SMPC).
Wormhole secures a grant to integrate Worldcoin's World ID with Solana, enhancing cross-chain identity verification.
The Worldcoin Foundation announced a $70,000 grant to Wormhole to support WorldID verification on the Solana blockchain. In a June 27 statement, Worldcoin said the ID integration effort will “equip the Solana ecosystem with a much-needed tool” for proving humanness.
Wormhole has obtained a grant from the Worldcoin Foundation to bring the World ID onto the Solana blockchain. This integration seeks to improve user identification procedures in the blockchain networks through the use of Worldcoin's decentralized identity solution.
Wormhole now supports Mantle Network, an innovative Ethereum Layer 2 solution, offering high performance and low-cost EVM environment.
Binance Futures has updated the leverage and margin tiers for FETUSDT, ENAUSDT, IOUSDT, ARUSDT, and WUSDT USDⓈ-M Perpetual Contracts.
With the ongoing crypto market fall, many cryptocurrencies have declined today, losing days of their gains. It is the outcome of the political and economic factors affecting this industry, but it's more of a correction that can shift to the previous bullish conditions.
A closely followed crypto analyst is listing five altcoins he believes are showing strength despite the choppy market conditions.
Binance has integrated Hashflow (HFT) on Arbitrum One and Wormhole (W) on Ethereum, opening deposits and withdrawals.
In the wake of Ethereum exchange-traded funds (ETFs) approval, top analyst Michaël van de Poppe is bullish on five specific altcoins and predicts substantial returns.
Wormhole adds support for X Layer, an Ethereum L2 network, leveraging ZKPs for secure, scalable transactions.
In an optimistic bid, Robinhood Crypto, a renowned cryptocurrency trading platform, has recently announced that it is facilitating Wormhole (W) and Jupiter (JUP) trading for European customers. This announcement has gained significant traction across the global crypto community as the firm further extended rewards for trading the abovementioned tokens.
CertiK discovered and patched a major security flaw in the Wormhole bridge on the Aptos network, potentially saving $5 million.
A flaw in the bridge could have allowed an attacker to produce fake token transfers, but it was discovered and patched before anyone could take advantage of it.
A popular crypto trader says he's long-term bullish on an artificial intelligence (AI)-related altcoin even though its chart is flashing some potential warning signs. The pseudonymous crypto analyst known as Altcoin Sherpa tells his 215,900 followers on the social media platform X that Render (RNDR) is his top AI pick for this market cycle.
As the crypto market is having a slow week, only a limited number of cryptos have made significant gains this week. Though the market is days away from a proper recovery, Bitcoin has already gained a decent hike, bringing it back to the $61 range, which is a good sign.
This strategic move is facilitated by leveraging Wormhole's Native Token Transfers (NTT). This feature enables seamless multi-chain functionalities for digital assets.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $64,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $3,100 mark this morning.
The top crypto prices today witnessed a sideways action as the Bitcoin (BTC) price held the $64,000 level. However, the Ethereum (ETH) price inched closer to drop below the $3,100 mark.
Wormhole (W) and SUI investors are currently counting their losses after enjoying massive gains. However, they can console themselves with the huge potential of Milei Moneda. $MEDA's presale promises 100% ROI, making it one of the top crypto to buy in 2024.
