After making a daily high of $60,870, Bitcoin underwent a sharp correction and is now trading at $56,549. Moreover, this aggressive sell-off results in a liquidation of approximately $2.22 billion in the last 24 hours.
Meanwhile, Harmony made a new all-time high of $0.1046 with a price surge of over 40% in the past 24 hours and is now trading close to $0.09041.
Let’s review some interesting crypto news for today.
Unmarshal partnered with Polygon to utilize Layer 2 chains for data indexing and querying. Moreover, Unmarshal is a multi-chain DeFi data network that aims to deliver granular, reliable, and real-time data to dApps. Its network consists of data indexers and modifying tools to empower DeFi applications on any chain. This partnership will facilitate the Layer 2 chain to index with Unmarshals’ multi-chain DeFi data network. Efficiently, this will allow developers to create and deploy applications such as decentralized exchanges, lending/borrowing protocols, and others on Polygon. Additionally, this will also help developers to retrieve valuable data from the Polygon chain such as wallet balances, protocol positions, DeFi taxing, P&L tracking, historical prices, and more.
TrustSwap announced it is expanding Launchpad services to launch new tokens on Avalanche. This integration will allow new tokens to be launched on Avalanche in an easy and secure manner. Further, TrustSwap’s SmartLocks and SmartMint services would enhance cross-chain functionality and interoperability with Avalanche. With this amalgamation, token holders can experience the TrustSwap platform’s utmost security. In addition, the TrustSwap platform will allow locking, vesting, and distribution of tokens on Avalanche. Impressively, Avalanche is the first smart contracts platform that processes over 4,500 transactions per second with instant transaction confirmation. Therefore, with this expansion, cross-chain functionality between Avalanche and Ethereum can be explored, which helps to reduce gas fees on the staking portal in the future.
Elrond announced the integration of EGLD into Binance Pay. Recently, Binance Pay integrated enhanced crypto payment options for merchants and businesses. Binance also started a Merchant program where businesses can sign up to receive crypto payments. Elrond is an internet-scale blockchain that aims to enhance the permissionless, borderless, globally accessible internet economy. Hence, this integration will allow users to utilize eGold as a payment option at various eCommerce websites, shops, restaurants, and more.
In the last bit of crypto news for today, we have Injective Protocol, who has partnered with PARSIQ to automate decentralized trading. As per the tweet, this integration allows users to employ enhanced tools for setting custom rules. PARSIQ is a monitoring and workflow automation platform which provides developers the opportunity to automate workflows and to interact with real-world applications. Hence, this integration will unlock unlimited trading possibilities and create new derivatives using the native PARSIQ token. Additionally, the team has plans to explore new off-chain apps and devices as well as to launch new derivatives for complex structured products such as indices.
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