Connect with us
Prague Gaming & TECH Summit 2024

Blockchain Press Releases

RedStone Delivers Report on Ethereum-Focused LSTfi Protocols, the Most Comprehensive of its Kind

Published

on

redstone-delivers-report-on-ethereum-focused-lstfi-protocols,-the-most-comprehensive-of-its-kind

The RedStone Oracles research team unveils their detailed findings around liquid staking featuring CoinDesk Indices

BAAR, Switzerland, Nov. 7, 2023 /PRNewswire/ — RedStone, originator of the next-generation oracles platform for decentralized finance, today announced the release of its LSTfi and Staking Report, The Ultimate Q4 2023 Market Overview. This Ethereum-focused report is the most comprehensive of its kind, analyzing over 50 projects featuring prominent digital asset leaders including CoinDesk Indices, EigenLayer, Lido and StakeWise (expected to launch V3) among others.

“We’ve dedicated months to researching and building out this unparalleled report,” said Marcin Kaźmierczak, Co-Founder and COO of RedStone. “For the third time (and not the last one), our RedStone research team showcases the ultimate crypto sector overview, and we believe this time around the bar has been raised higher with the quotes of LSTfi projects founders and detailed insights revealed around Ethereum-focused LSTfi protocols.”

[ Read the full report ]

CoinDesk Indices (CDI), a subsidiary of CoinDesk and the leading provider of digital asset indices by AUM since 2014, stands out as a crucial component of RedStone’s report. Earlier this year, CESR™, the composite ether staking rate which is administered by CoinFund and calculated and published by CoinDesk Indices, was introduced to fulfill specific needs for the marketplace. Three broad use cases for CESR are currently being adopted by market participants: benchmarking, research, and risk transfer.

Andy Baehr, Managing Director at CoinDesk Indices, added, “We are encouraged to see CESR’s adoption as a critical piece of market structure and a bridge joining the digital and traditional financial industries. RedStone’s timely and illuminating research affirms CESR’s critical role in the understanding and using Ethereum staking rewards.”

Ethereum’s conversion to Proof of Stake not only created the foundation for the liquid staking ecosystem as described in the RedStone report, but also created the LSTfi sector where RedStone as an Oracle pioneers with the versatility of LST data feeds. The Merge also delivered a native crypto rate to finance that can serve as a critical piece of market structure. CESR now delivers this in a structured way, built by firms with the experience needed for the marketplace. The staking rate that Ethereum validators generate through participation in the consensus and execution layers and by exhibiting implementation skill has immediate applicability in DeFi, centralized digital asset finance, and traditional finance.

Furthermore, RedStone will present its key report findings during Devconnect in Istanbul (November 13th to 19th), which is this year’s biggest Ethereum gathering worldwide.

For more information and to view RedStone’s LSTfi Report in its entirety, please visit blog.redstone.finance/2023/11/06/lstfi-report-the-ultimate-q4-2023-market-overview/.

About RedStone

RedStone is revolutionizing the Oracles industry by implementing novel modular design and 3 tailor-made data consumption models. RedStone owns proprietary fetchers technology allowing it to securely discover prices from both on-chain DEXes and off-chain CEXes, making it a perfect solution for LST, Long-tail, LP and Ecosystem-native tokens, as well as Real World Data and custom feeds. For more information, visit redstone.finance.

About CoinDesk Indices

CoinDesk Indices (CDI), a subsidiary of CoinDesk, has been the leading provider of digital asset indices by AUM since 2014. CDI is driven by research and a desire to educate the marketplace and empower investors. CoinDesk is the most trusted media, events, indices and data company for the global crypto economy.

Press Contacts
RedStone
marketing@redstone.finance

CoinDesk Indices Disclaimer

View original content:https://www.prnewswire.co.uk/news-releases/redstone-delivers-report-on-ethereum-focused-lstfi-protocols-the-most-comprehensive-of-its-kind-301979313.html

Continue Reading

Blockchain Press Releases

Institutions Have Doubled their Bitcoin Allocations this Year, New Bybit Report Shows

Published

on

institutions-have-doubled-their-bitcoin-allocations-this-year,-new-bybit-report-shows

DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, has released new research offering analysis of how traders adapt their strategies in fluctuating market conditions. “Navigating Bull and Bear Markets — A Dive Into Asset Allocation,” uses Bybit’s proprietary data and is the first initiated by a crypto exchange.

The report provides a detailed examination of asset allocation strategies employed by different cohorts — institutions, VIPs, and retail traders — especially in the volatile market environment since December 2022.

Key findings include:

  • Institutional Investors: Predominantly holding 45% in stablecoins, 35% in Bitcoin, and 15% in Ether, institutions emphasize liquidity and strategic diversification. Notably, their Bitcoin holdings nearly doubled in the first three quarters of 2023.
  • Ether Trends: A decline in institutional interest in Ether has been noted, although upcoming market developments, like the rumored BlackRock spot Ether ETF, could shift the trend.
  • Retail Trader Behavior: Retail traders are observed to hold more stablecoins, suggesting a more cautious allocation to riskier assets compared to traditional finance norms.
  • Altcoin Investments: Both retail and VIP traders show higher altcoin holdings than institutional investors, although these remain a minor part of total portfolios, indicating caution, perhaps due to a hangover from the recent bear market.

“This report is a testament to Bybit’s commitment to empowering our users with actionable insights,” said Ben Zhou, co-founder and CEO. “Understanding how different market participants navigate the complexities of bull and bear markets is crucial. We believe this research will not only enlighten our traders but also contribute to the broader crypto community’s understanding of market dynamics.”

Read the full report here.

#Bybit / #TheCryptoArk

About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube

Bybit Logo

Photo – https://mma.prnewswire.com/media/2290402/2311_T12814_Q4_Hero_Content.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/institutions-have-doubled-their-bitcoin-allocations-this-year-new-bybit-report-shows-302003220.html

Continue Reading

Blockchain Press Releases

Set Sail on a Crypto Voyage: Bybit Announces ByBUIDLERs Cruise Contest to Dubai in Partnership with Sea Summit

Published

on

set-sail-on-a-crypto-voyage:-bybit-announces-bybuidlers-cruise-contest-to-dubai-in-partnership-with-sea-summit

DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, is excited to announce the ByBUIDLERs Cruise Contest, an extraordinary opportunity for crypto enthusiasts in India. This contest offers a chance to win a luxurious 10-day cruise from Mumbai to Dubai, coupled with an exciting Sea Summit experience and a visit to Bybit’s Dubai office.

Introducing ByBUIDLERs

ByBUIDLERs is Bybit’s initiative that combines grassroots enthusiasm with the thrilling world of cryptocurrency. Designed for crypto aficionados, the program invites participants to engage with the community, create compelling content, and contribute to Bybit’s growth and outreach.

Participation Steps

  • Enlist as a ByBUIDLER: To join, provide your name, email, and social media profile link. Express in 100 words your excitement about becoming a ByBUIDLER via our Google form.
  • Take the Bybit 5th Anniversary Personality Quiz: Complete the personality quiz and share your results on social media, highlighting how your personality influences your crypto journey.
  • Participants must post their entries before December 6th, tagging @Bybit and @TheSeaSummit, using the hashtags #ByBUIDLERcruisetrip and #High5Bybit.

Rewards

The top five most creative ByBUIDLERs, judged by their engagement and creativity, will embark on the Sea Summit 10-day luxury cruise, setting sail from Mumbai to Dubai. The cruise is also a crypto summit where winners will meet leaders in crypto, participate in educational events, and attend themed party nights.

#Bybit / #TheCryptoArk

About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For media inquiries, please contact: [email protected]

For more information please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube

Bybit Logo

Photo – https://mma.prnewswire.com/media/2290250/Image.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/set-sail-on-a-crypto-voyage-bybit-announces-bybuidlers-cruise-contest-to-dubai-in-partnership-with-sea-summit-302003138.html

Continue Reading

Blockchain Press Releases

Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products

Published

on

bitget-wallet-integrates-ton-mainnet,-prepares-for-ton-and-telegram-based-innovative-products

Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products

VICTORIA, Seychelles, Nov. 30, 2023 /PRNewswire/ — The leading Web3 trading wallet, Bitget Wallet (formerly known as BitKeep Wallet), now supports TON (The Open Network). TON, a high-performance Layer 1 blockchain, was initially designed by the Telegram team and later advanced by the community.

The TON integration allows users to add the TON network with a single click, manage assets, and perform on-chain transactions. Looking ahead, Bitget Wallet plans to further expand its services to include support for TON ecosystem DApps, token trading, and candlestick chart features. Additionally, Bitget Wallet is set to launch innovative products and services based on TON and Telegram, such as the Telegram Red Packet feature.

TON, with its Telegram-originated blockchain solution, is designed for high scalability, targeting millions of transactions per second (TPS) to serve Telegram’s extensive user base. This performance capability positions TON as a pivotal player in the evolving digital landscape. By building a Web3 ecosystem within Telegram, TON is committed to bridging Web2 and Web3, promoting the widespread adoption of cryptocurrencies and decentralized technologies.

Bitget Wallet’s support for TON reflects a recognition of its innovation and anticipation of Telegram’s user base venturing into Web3. This aligns with Bitget Wallet’s ongoing commitment to providing convenient, user-friendly product experiences and opening the doors to Web3 for its users.

To date, Bitget Wallet has served over 12 million users worldwide, becoming one of the most popular crypto hot wallets globally, with its app ranking fourth in global downloads in October. The integration with the TON mainnet is also expected to enhance the liquidity and user base of the TON network.

About Bitget Wallet (Web3 trading wallet)

Formerly known as BitKeep, Bitget Wallet stands as Asia’s largest and global frontrunner among all-in-one Web3 trading wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, MPC Wallet and more.

With a 5-year legacy, Bitget Wallet has garnered acclaim from over 12 million users worldwide and has secured partnerships with prominent industry leaders including Ethereum, BNB Chain, Arbitrum, Polygon, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.

In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.

For more information, visit: Website | Twitter | Telegram | Discord

Photo – https://mma.prnewswire.com/media/2289438/Bitget_Wallet_Integrates_TON_Mainnet_Prepares_TON_Telegram_Based_Innovative_Products.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/11-30—bitget-wallet-integrates-ton-mainnet-prepares-for-ton-and-telegram-based-innovative-products-302001956.html

Continue Reading
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE