After the acquisition of Huobi and its rebranding to HTX, Justin Sun has announced the establishment of a new HTX DAO.
Considering Justin's exceptional marketing skills, there is a strong possibility of a significant surge that could potentially contribute to the growth of HTX, at least in the short term.
Justin Sun's slogan to the new HTX is "People's Exchange". This concept may sound familiar as it aligns with KuCoin's slogan. Meanwhile, Justin emphasizes that the exchange should be governed by the community, the new HTX DAO.
Additionally, it has been announced that the current HT token will no longer offer its existing benefits, resulting in a drop in its value, with the first drop occurring at the HTX DAO announcement.
Solana Mobile phone
Solana Mobile plans to launch a second smartphone as it looks to ride the unlikely success of its first crypto-ready smartphone.
The upcoming phone is essentially a coin miner, offering features such as airdrop and NFT minting. These functionalities have proven to be highly lucrative, surpassing the device's cost.
Furthermore, the first smartphone released by Solana Mobile has seen a surge in demand, with prices on platforms like eBay exceeding its initial retail price of $1,000.
For more information: https://two.solanamobile.com/
dYdX V4 taking over V3
Antonio, founder of dYdX, has annouced on twitter that the dYdX Chain is now the largest DEX in the world by trading volume (Surpassing dYdX v3).
This ranking can also be seen on Coinmarketcap DEX ranking.
It's becoming a fully fledged perpetual swap exchange operating in a decentralized way. It's still interesting to see how they can prevent US citizens or entities from trading on dYdX.
Rooted from crypto quant trading, 1Token has the unique trading know-how and technology capabilities to build
- Up-to-date and high confidence connection to all crypto trading venues, across DeFi and CeFi
- Top-down, bottom-up P&L calculations, and crypto fund reconciliation of top-down and bottom-up results
- Real-time trading metrics calculation, monitor and alerts tailor-made for different types of crypto funds, crypto FoFs and crypto prime brokers
- T+0 crypto shadow NAV accounting system with subscription, redemption, dividend, cost accruals
1Token has been serving global digital asset managers, crypto fund platforms, crypto fund admins and crypto auditors, to enable them to conduct crypto related business without any concern on technology.
1Token is undertaking SOC2 audit, and provides on-premise deployment to regulated clients.