Crypto Roundup: Cardano and Hedera Join Recovery Alliance, Swiss Bank Offers Crypto, Mercuryo's Crypto Mastercard, Travala.com Partners with Skyscanner

The Canary chirps with a flurry of crypto collaborations! Cardano and Hedera are joining forces to create a standardized way to recover lost crypto assets, making Web3 a bit safer. In Switzerland, a traditional bank is dipping its toes into crypto by offering brokerage services. Meanwhile, Mercuryo is launching a virtual Mastercard that lets you spend your crypto directly, while Travala.com is partnering with Skyscanner to make booking crypto travel a breeze.

Follow our Canary's lead on the Alpha adventure! Join us in our quest.

Alpha Offerings

Seize your daily airdrop rewards, guided by our Canary's discovery!

1. Mochi Party - Play Mini Games on Omni Omega Testnet

   Potential: $500 - $750

   Here is a step-by-step process:

   • Go HERE

   • Click Profile

   • Enter this Code: 4Q80Ebcyf4

   • Claim OAT/Points HERE

   • Participate in 3 BRKT Competitions on Omni Omega (repeated daily)

   • Participate in 2 BRKT Gold Competitions (repeated daily)

2. Cess Network Airdrop

   Potential: $500 - $1000

   Here is a step-by-step process:

   • Go HERE

   • Code: 5052470

   • Complete Ongoing Task

   • For Cess Address Go to HERE

   • Connect With Metamask

   • Copy your CESS Address and submit Task 4

Meme of the Day

Market Movements - 06 Sept 2024

The broader crypto market turned red ahead of the US jobs report, on Friday morning. Bitcoin dipped slightly by -0.48% to $56,427.48, while Ethereum slid by -0.35% to $2,385.33. BNB was marginally up by +0.20% to $504.34, while Solana declined by -2.07% to $131.25.

Among altcoins, Tron was down by -0.52% to $0.149, but Toncoin rose by +2.09% to $4.78. Cardano dipped by -2.46% to $0.322, and Avalanche was in red by -0.56% to $21.65.

Movers and Shakers

In the last 24 hours, the top gainers included Sui (+6.74%), SATS (+4.45%), and JasmyCoin (+2.54%). The top losers included MultiversX (-4.31%), Aave (-2.97%), and Bonk (-2.98%).

Project Updates

1. Binance introduced fixed-rate loans for stablecoins, offering predictable borrowing costs and interest rates. Borrowers set loan terms and provide collateral, while lenders can supply funds to fulfill loan requests.

   Read more here

2. JOJO Exchange, a decentralized perpetual futures exchange on Base, has integrated Chainlink Data Streams as its primary oracle provider.

   Read more here

3. Despite a slump in the NFT market, a rare CryptoPunk NFT, Ape Punk 6915, was purchased for $1.48 million by an anonymous buyer. This is one of only 24 Ape Punks in existence, making it a highly valuable collectible.

   Read more here

4. SKALE Labs, a blockchain platform known for its gas-free transactions, teams up with Moxy, an esports and gamification platform. This partnership aims to integrate SKALE's technology into Moxy's reward system, eliminating gas fees for gamers.

   Read more here

5. COTI partners with Privex, a privacy-focused DEX, to offer confidential perpetuals trading on DeFi. This integration leverages COTI's privacy tech to shield users' trade data.

   Read more here

Hall of Fame, Hall of Shame

Penpie DeFi Protocol Loses $27 Million

In a continuation of the concerning trend of DeFi exploits in 2024, decentralized finance protocol Penpie suffered a theft of approximately $27 million in crypto assets. This incident brings the total value stolen from DeFi platforms this year to over $1.2 billion.

Read more here

CFTC Recovers $18 Million from Crypto Scam

The CFTC recovered $18 million from a crypto pyramid scheme run by Sam Ikkurty. Ikkurty deceived investors with false promises and was ordered to pay $209 million in penalties and restitution.

Read more here

What moved in the Crypto World Today

Cardano, Hedera Join Decentralized Recovery Alliance

Cardano and Hedera Hashgraph have joined the Decentralized Recovery Alliance (DeRec Alliance) as founding members. The DeRec Alliance aims to establish a standardized protocol for streamlining and securing crypto asset recovery processes.

Read more here

Swiss Bank Offers Crypto Brokerage

BitGo expands its European footprint by receiving regulatory approval as a crypto custodian for the SIX Swiss Exchange. This enables BitGo to provide digital asset storage solutions for clients on the exchange.

Read more here

Mercuryo Launches Crypto Mastercard

Mercuryo launches Spend, a virtual Mastercard that allows users to directly pay with various cryptocurrencies held in their non-custodial wallets, bypassing traditional exchanges.

Read more here

Travala.com Partners with Skyscanner for Crypto Travel

Travala.com, a leading crypto-powered travel booking platform, has partnered with Skyscanner. This integration allows users on Skyscanner to access Travala.com's hotel inventory, and book them using over 100 different cryptocurrencies.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Blockchain and AI-powered gaming platform, Balance (E-PAL) raised $30M in a funding round led by Andreessen Horowitz (a16z crypto) and Galaxy Interactive.

   Read more here

2. Web3 vape tracking gamification plarform, Puffpaw raised $6M in a Seed funding round led by Lemniscap.

   Read more here

3. Decentralized trading platform, Vanilla Finance received undisclosed funding from HTX Ventures (ex Huobi Ventures).

   Read more here

4. Airdrop protocol focused on streamlining Web3 on-chain interactions, Arris raised undisclosed amount in funding round from Cryptogram Venture (CGV), K24 Ventures, Dmail, and Alco Holdings.

   Read more here

Whale Movements

1. Whale bc1qg withdrew another 236.129 BTC ($13.18M) from Binance. Txn details here

2. The Ethereum Foundation transferred 1,000 ETH ($2.39M) to the multisign 0xde0. Txn details here

3. Whale bc1qg withdrew another 242.21 BTC ($13.67M) from Binance. Txn detail here

Today’s Token Unlocks

Immutable (IMX) - $38.18M
Worldcoin (WLD) - $7.01M
Mode (MODE) - $5.78M

Coinversation Street

Our Canary brings some of the trending and informative tweets from the crypto world:

@nickmartitsch 5 lessons for bootstrapping protocol communities:

@AbstractChain deepdive by @100y_eth:

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