Ripple to Buy NY Crypto Trust Company
Ethereum Gas Fees Hit 8-Month High, MicroStrategy's Bitcoin Holdings See $3B In Unrealized Profit
Welcome to Coinfeeds Daily Digest! Today we cover Starknet preparing for the STRK token airdrop with an announcement revealing their distribution plan to nearly 1.3 million wallets, Ethereum developers introducing the dual contract signature and shared NFT ownership-based DN-404 token as a response to the ERC-404 craze and the issues it has brought. Also, Aptos has released a passwordless passkey system for better transaction authentification, SushiSwap is to launch a Layer N-based decentralized derivatives exchange called Susa, and Ledger has integrated Coinbase Pay for digital asset purchases without the need for transfers from hardware wallets. Moreover, the open interest in BTC futures and ETH options is surging, with the former reaching a new level since November 2021 and the latter being close to hitting an all-time high.
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Ripple to Buy NY Crypto Trust Company For Tokenization Expansion
The acquisition of Standard Custody & Trust Co. is a strategic step for Ripple to secure a New York trust charter. This charter will allow Ripple to offer a broader range of in-house services. One of the key services that Ripple aims to provide is assisting financial firms with the tokenization of assets. | Read More
Ethereum Devs Unveil DN-404 As Response To ERC-404 Sending Fees Surging
To combat the issues associated with ERC-404 tokens, Ethereum developers have designed DN-404. This new token utilizes a dual contract structure that is based on the established ERC-20 and ERC-721 standards. The goal of DN-404 is to offer the benefits of ERC-404 tokens—such as shared ownership of NFTs—while avoiding the high transaction costs that have plagued the network. | Read More
PlayDapp Hit by $290M Token Theft
PlayDapp, a prominent crypto gaming and NFT platform, has been hit by two separate exploits leading to a staggering loss of $290 million worth of PLA tokens. The cyberattacks, which occurred on February 9 and February 12, have sent shockwaves through the crypto-gaming community and raised concerns about the security of similar platforms. | Read More
Starknet Announces STRK Token Distribution Plan To Nearly 1.3M Wallets
To be eligible for the STRK token airdrop, participants must meet certain criteria. These include having conducted a minimum of $100 in transactions and engaging in more than six interactions with the Starknet network. The eligibility is based on activities up to November 15, 2023. | Read More
Bitcoin Futures, Ether Options Open Interest Hit Highs
The open interest in Bitcoin futures contracts has soared, reaching over $21 billion, a level not seen since November 2021. Meanwhile, Ether options open interest on the Chicago Mercantile Exchange (CME) is on a trajectory to set a new all-time high. The open interest for February has already surpassed January's figures, reaching $468 million. | Read More
Ledger Users Can Now Buy Assets From Coinbase 'Locally'
With the integration of Coinbase Pay into the Ledger Live app, users can now buy digital assets directly from Coinbase without the need to transfer them out of their Ledger hardware wallet. This means that users can enjoy the ease of purchasing cryptocurrencies using various payment methods like ACH transfers, Visa, and Mastercard. | Read More