We have collected the most important news from the participants of the crypto industry for the week.
OKX, in collaboration with Polygon Labs, has launched its own L2 network, X Layer.Ledger Live integrates the option of instant purchase and exchange of cryptocurrencies through a partnership with MoonPay.The Strike application for Bitcoin payments with Lightning Network support has entered the EU market.The largest federal bank of Germany, LBBW, will offer crypto-custodial services.Woo X has opened access to tokenized U.S. Treasury bills to retail customers.OKX, in collaboration with Polygon Labs, launched its own L2 network X Layer
The OKX bitcoin exchange has launched its own Ethereum-based L2 network called X Layer. The initiative aims to ensure low fees and compatibility for users interacting with dapps.
Its own L2 protocol will allow users of the platform to transfer assets, deposit and withdraw cryptocurrency on OKX. In addition, it will open access to almost 200 dapps offering token exchange, staking and various smart contract functions. OKB will be used to pay the commission in the L2 network.
The solution is based on ZK-Rollup. The network is built using the CDK Polygon and provides the sharing of wealth and liquidity across multiple blockchains using Aggregation Layer, the Ethereum scaling protocol.
According to OKX Marketing Director Haider Rafik, X Layer and other L2 networks should become an integral infrastructure for the interconnected Web3 ecosystem.
In November 2023, ForkLog reported that the Kraken bitcoin exchange was in talks with Polygon, Matter Labs and the Nil Foundation about a potential partnership to launch L2 following the example of Coinbase.
The volume of blocked funds (TVL) in the Base L2 network from the latter increased to $5.45 billion at the time of writing.
TVL Base dynamics. Data: L2Beat.Ledger Live integrates the option of instant purchase and exchange of cryptocurrencies through partnership with MoonPay
The Ledger Live application associated with the Ledger hardware wallet will provide the opportunity to instantly purchase and exchange digital assets through the MoonPay processing service.
As part of the collaboration, Ledger Academy will launch new tutorials on cryptocurrency trading and other educational resources, including MoonPay service-oriented content.
In August 2023, Ledger announced the integration of PayPal, which will allow users from the United States to purchase digital assets using a payment service account.
The Strike application for Bitcoin payments with Lightning Network support has entered the EU market
The Strike team has launched bitcoin payment application services for customers in Europe.
The Send Globally feature allows users to quickly and inexpensively buy, sell, send and withdraw the first cryptocurrency, as well as make transactions in local currency using the Lightning Network.
The iOS and Android app allows European users to buy digital gold directly with free unlimited SEPA euro deposits from their bank account instantly, where supported, as well as schedule recurring purchases.
Customers can sell bitcoins and similarly withdraw them to their bank accounts, transfer them to non-custodial wallets, or make payments via the bitcoin or Lightning Network without restrictions.
The app is available in more than 70 countries, including Latin America and Africa.
https://forklog.com/news/ceo-strike-bitkoin-prevoshodit-zoloto-blagodarya-detsentralizatsiiThe largest federal bank of Germany LBBW will offer crypto-custodial services
The largest federal bank of Germany, Landesbank Baden-Württemberg (LBBW), with an AUM of €330 billion, will offer crypto-custodial services in the second half of 2024. The partner will be the Bitpanda platform licensed by FCA and BaFin.
The latter will provide an investment-as-a-service technical and regulatory infrastructure for the secure storage of cryptocurrencies, including bitcoin and Ethereum. LBBW focuses the service on corporate clients.
In November 2023, Bitpanda agreed with the Austrian Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) to integrate cryptocurrency trading into an investment platform in the first quarter of 2024.
Woo X has opened access to tokenized U.S. Treasury bills to retail customers
The Woo X bitcoin exchange has added tokenized U.S. Treasury bills to the list of products. The initiative was implemented in partnership with the OpenTrade platform.
According to the representative of the site, this is the first time that such a tool has become available to retail customers.
"RWA Earn Vaults bridge the gap between traditional financial securities and the dynamic world of cryptocurrencies by offering [...] the opportunity to work with high—quality, low-risk financial assets seamlessly, safely and efficiently," the press release says.
https://forklog.com/news/otchet-v-blizhajshie-pyat-let-tokenizatsiya-ohvatit-aktivy-na-5-trlnKey indicators of the DeFi segment
TVL in DeFi protocols decreased slightly to $94.6 billion. Lido remains the leader with an indicator of $29.8 billion. EigenLayer took the second place ($15.45 billion), while Aave retained the third position ($10.65 billion).
Data: DeFi Llama.TVL in Ethereum applications decreased moderately, amounting to $54.3 billion.
The volume of trading on decentralized exchanges (DEX) has decreased to $159.6 billion over the past 30 days. Uniswap has reduced its dominance — it accounts for 53.1% of total turnover (two weeks ago — 56.2%). The second DEX in terms of trading volume, PancakeSwap, increased its market share from 21.9% to 22.2%. Curve took the third place (5.3%).
Also on ForkLog:
Tether will reorganize the company and expand the business beyond stablecoins.Aptos Labs has partnered with Microsoft and SK Telecom to create an institutional platform.The Kraken crypto exchange has launched a non-custodial wallet.Binance has received a full license in Dubai and has planned to return to India.Bitget has launched premarket trading.The trustee of Mt. Gox has updated data on payments to creditors.Uniswap Labs has increased the swap fee for transactions via the interface.The TVL of the EigenLayer platform has exceeded $15 billion amid the expansion of the ecosystem.BNB Chain will launch native staking in BNB Smart Chain.Arbitrum, Optimism, Polygon, StarkWare and zkSync integrate the DA layer from Avail.What to read and listen to on the weekend?
On April 30, a Seattle federal court will sentence Binance founder Changpeng Zhao on money laundering charges. Prosecutors demanded 36 months in prison for CZ for violating anti-money laundering laws. As much as possible, it was about a 10-year term.
Zhao apologized for the "bad decisions" and accepted "full responsibility" for his actions in a memo to the court. Yi He, an associate and head of Binance Labs, also sent a similar appeal to CZ's defense, in which she spoke about his goals and actions as CEO of the exchange.
https://forklog.com/news/eksperty-obsudili-vozmozhnyj-prigovor-eks-ceo-binance