NULS SCO staking platform has now launched LP mode
LP mode is now available on the NULS SCO staking platform, according to an official announcement on NULS' Medium. This move addresses the issue of some projects lacking liquidity. LP mode aims to solve the problem of stakers being unable to trade the tokens they receive as rewards. When stakers claim their SCO rewards, the liquidity addition process will automatically trigger, and NULS and staker SCO token rewards will be added to NerveSwap at a fixed ratio and destroyed.
PundiX third quarter token destruction completed
PundiX announced on its official Medium that the token burning for the third quarter has been completed. This time, approximately 5,654 $PUNDIX and 3,946,694,321 $PURSE tokens were processed. The removal of quarterly tokens in 2023 is tentatively scheduled for the second week of January 2024, but the schedule may change.
The STEPN team distributed 79.2 million GMT to multiple addresses, approximately US$17.4 million
On November 10th, according to Lookonchain monitoring, the STEPN team distributed 79.2 million GMT to multiple addresses 3 hours ago, which is about $17.4 million.
Lookonchain indicates that these addresses may belong to investors/advisors, and many of them may deposit the GMT into trading platforms after receiving it.
Crypto lending platform Hodlnaut to be liquidated
Singaporean crypto lending platform Hodlnaut announced on the X platform that Ee Meng Yen Angela and Aaron Loh Cheng Lee will be removed from their positions as joint executive judges of Hodlnaut and appointed as joint and several liquidators. Hodlnaut has a large number of creditors (including over 17,000 platform users), and Cheng said he will answer creditors' inquiries by merging them in the latest information provided to all potential creditors.
Poloniex hacker moved 10.514 million GLM tokens into token contracts
Scopescan stated on social media that the Poloniex Exchange hacker has just transferred 10.514 million GLM tokens (worth $2.56 million) to the token contract (essentially burned).
Poloniex: Trading platform wallet disabled for maintenance
On November 10th, the official of the cryptocurrency trading platform Poloniex stated that the platform's wallet has been disabled for maintenance, and once the wallet is re-enabled, the news will be updated.
Exolo operating director Tania: Cryptocurrency is not only an investment medium, but also a widely accepted and used payment method.
On November 9th, at the Istanbul TimeStamp Investor Night event, Tania, the operating director of Exolo, stated that Exolo will provide a seamless user experience, making it the preferred platform for integrating cryptocurrency into daily life. Based on Exolo, cryptocurrency is not only an investment medium but also a widely accepted and used payment method.Exolo's vision is to bring the power of cryptocurrency into everyday life, where everyone can easily use cryptocurrency through Exolo in their daily life, whether it be purchasing everyday items, paying bills, or sending money to family and friends. Exolo aims to create a user-friendly and intuitive platform that allows anyone to simply buy, sell, and consume cryptocurrency.
Şakir Ercan GÜL Advocates for Blockchain at TimeStamp Istanbul Investor Night
Former Deputy Minister of Treasury and Financial Inspection of Turkey, Şakir Ercan GÜL, recently addressed an esteemed gathering at 'TimeStamp Istanbul Investor Night', representing CoinTR and the Turkish populace. GÜL accentuated Turkey's enchanting natural scenery, rich historical tapestry, and vibrant multicultural scene. He emphasized the nation's dynamic stance on crypto technology and the efforts to bolster the financial market's competitiveness through blockchain since 2018. GÜL envisions blockchain as a cornerstone in Turkey's rapid digitalization, aiming to enhance financial services' efficiency and security, and paving the way for Turkey's significant stride in the digital economy. He concluded with heartfelt wishes for the guests to enjoy the Turkish hospitality and create lasting memories.
Lightspeed Faction launches $285M early-stage crypto fund
On November 9th, blockchain-focused venture capital firm Lightspeed Faction announced the launch of a $285 million early-stage crypto fund, which will focus on raising seed or Series A funding for early-stage blockchain projects. The fund was initially planned to raise $250 million, but ultimately exceeded the target by 14%. The average investment size is between approximately $5 to $10 million. Prior to going public, the fund has already invested about 20% of its capital in a few projects, with a deployment period of approximately three years.
Spartan Group announced another additional investment in Pendle and has purchased tokens through OTC channels
On November 9th, Spartan Group posted on social media that it has recognized the transformative potential of Pendle and its key role in advancing on-chain yield trading. Currently, it has purchased tokens from Pendle's official through OTC channels, and the specific amount has not been disclosed. Through this strategic investment, Spartan Group will be able to further support Pendle's next progress. <br>
