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Osmosis unveils Polaris Token Portal: a huge step forward for decentralized trading experience
Osmosis unveils Polaris: Token Portal, an innovative solution to unite chains and simplify the user experience. Polaris provides a unique interface that allows users to exchange tokens from different blockchains with a single click.
It integrates features such as multi-chain wallet tracking and automatic acquisition of tokens needed for gas fees, making DeFi more accessible and less fragmented for users.
The goal is to offer users all the assets they need without the hassle of switching between wallets and different blockchains, bringing them closer to the experience of a decentralized financial platform while enjoying the benefits of decentralization.
ASI: Cudos protocol could join the alliance
The Artificial Superintelligence Alliance (ASI), formed by SingularityNET, Fetch.ai, and Ocean Protocol, is considering welcoming Cudos, a key player in decentralized computing, to enhance its computing capabilities. With its decentralized cloud network and advanced resources, including GPUs, Cudos could help ASI reduce its reliance on centralized services like Amazon Web Services. A community vote from September 19 to 24 will determine Cudos’ integration, with the possibility of a token merger between Cudos and FET. This alliance aims to promote a decentralized AI model, improving security, scalability, and innovation.
The European Central Bank lowers its interest rate by 0.25% to 3.5%
The European Central Bank (ECB) has lowered its interest rate by 0.25%, bringing it to 3.65%, in response to a decreasing inflation rate of 2.2% in August and signs of economic stagnation in the Eurozone, with growth forecasts for 2024 revised downwards to 0.8%. This decision could encourage investments in risk assets such as cryptocurrencies, strengthening Bitcoin’s appeal as a safe haven in a low-interest-rate and reduced-yield environment for traditional assets.
eToro pays $1.5 million to the SEC and limits its trading services to BTC, ETH, and BCH in the USA
Financial platform eToro has agreed to pay $1.5 million to the United States Securities and Exchange Commission (SEC) and significantly restrict its cryptocurrency services in the country.
Following SEC allegations accusing eToro of operating as an unregistered broker and clearing agency, eToro will now only offer three cryptocurrencies to its US users: Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). The company must liquidate all other crypto assets by March 2025 to comply with US securities laws.
Starknet governance votes 99% in favor of STRK staking, despite 0.085% participation
Starknet governance has approved 98.94% in favor of introducing staking for the STRK token, despite only 0.0857% participation from eligible holders.
Through the decentralized platform Snapshot X, this vote will allow holders of over 20,000 STRK to secure the network starting in the fourth quarter of 2024 while receiving rewards as native stakers. No minimum token is required for those who wish to delegate their staking and earn rewards.
Snapshot X: the future of on-chain governance
Snapshot X, recently launched on Starknet, offers several significant advantages for DAO governance. Snapshot X combines the modularity and flexibility of Snapshot with the benefits of fully on-chain voting, while being 10 to 50 times cheaper than voting on the Ethereum Layer 1.
Snapshot X allows advanced features such as inter-chain voting and voting strategy suggestions while maintaining a familiar and frictionless user experience. It offers increased security and verifiability through on-chain voting, while upholding the fundamental principles of Web3: resilience, censorship resistance, and immutability.
News in Brief
- Tether and Tron launch T3 Financial Crime Unit to combat on-chain illegal activities
- GRVT secures $3.3 billion monthly volume from 16 market makers
- Grayscale announces the first US XRP trust: towards an XRP Spot ETF?
- Stablecoin: UK High Court recognizes USDT as property
