Cosmos Hub Searching for Research Team To Revamp ATOM
Community members from the Cosmos Hub are looking to provide grants to researchers who are interested in helping the team revamp the blockchain’s native ATOM token.
Cosmos Interchain Session at Hong Kong Web3 Festival 2023
On April 15th, the “Hong Kong Web3 Festival 2023 — Interchain Session” proudly hosted by the Interchain Foundation and organized by Bianjie will be presented at the Hong Kong Convention and Exhibition Centre.
Circle's USDC Sees $10B Outflows Since SVB Collapse, Tether Dominance Rises
Circle-backed stablecoin USDC has seen net outflows exceed $10 billion since the collapse of Silicon Valley Bank (SVB) on March 10th. USDC's market cap has fallen by over 42% to $33.2 billion from its all-time high last June, while its rival <a>stablecoin Tether</a> (USDT) has reached its most significant market share since May 2021, representing 60% of all stablecoins in circulation.
ATOM Remains Bearish, but Bulls Could Force a Breakout by?
According to the analysis, Cosmos has struggled on the price charts in the latter half of the month, but buyers have slowly clawed their way back into a position of strength. After the drop to the $10.65 level on 28 March, ATOM bulls were able to fight back the bearish malaise and succeeded in defending the $10.97-$11 support zone. However, the market structure remains bearish on the four-hour timeframe, with a series of lower highs and lower lows since breaking down beneath the $12.73 support level on 18 March. The lower high at $11.65 must be breached before the bias can turn bullish. The spot CVD has shown heavy demand behind the token, indicating that Cosmos bulls might drive the prices back above $11.5. Fibonacci retracement levels may halt the bulls, at least temporarily. (ambcrypto)
Noble Announces Bringing USDC to Cosmos
Noble and Circle have partnered to bring native USDC to the Cosmos and Inter-Blockchain Communication (IBC) ecosystem, a major milestone as Cosmos has never had a stablecoin fully collateralized and backed by fiat. The launch of native USDC gives over 50 IBC-enabled blockchains access through IBC, solving challenges such as liquidity fragmentation and disparate trust assumptions across different bridging protocols. Noble plans to become a gateway for digital assets that enter the IBC ecosystem and aims to offer the best user experience by providing a single canonical token with deep liquidity. Noble has also developed a packet-forwarding middleware application to streamline the transfer process. The integration will first benefit the ecosystem, and Noble aims to become a premier platform for integrating solutions for issuers of digital assets.
Circle Announces USDC Launch for Cosmos via Noble Network
USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle.
Circle Brings USDC Stablecoin to Cosmos, Launches on Noble.xyz Soon
Circle also reveals that USDC is expected to launch on noble.xyz soon.
Circle’s USDC To Launch on Cosmos
Circle’s USDC, the second-largest stablecoin on the market, is set to launch on Cosmos.
Decentralized Exchange dYdX Migrates to Cosmos for Scalability and Customization
Decentralized exchange (DEX) dYdX has launched its V4 private testnet on Cosmos, with the aim of fully running on Cosmos by the end of September. The move away from Ethereum to the scalable blockchain platform comes as the capabilities of Ethereum were deemed insufficient to handle transaction volumes. dYdX allows for decentralized spot trading and trading on margin. A public testnet will be launched by the end of July. The move to Cosmos also attracted SushiSwap, which announced its migration after its acquisition of Cosmos-based trading platform Vortex Protocol last month. Other blockchain platforms were considered by the teams, but Cosmos was deemed the better option for providing customisation options for the blockchain. Founded in 2017 by Antonio Juliano, dYdX has around $341.5m in total value locked, according to DeFi Llama.
Noble Comes Out of Stealth To Solve Cosmos Liquidity
Token protocol Noble is coming out of stealth mode after six months of development, setting its mainnet launch for Monday.
