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• IoTeX recently passed the 13th Improvement Proposal (IIP-13) which introduces Ether liquid staking derivatives.
• 97% of IOTX token holders participating in the vote voted in favour of the proposal.
• The IIP-13 proposal adds support to represent staking buckets as NFTs and allows dApp developers to easily launch liquid staking dApps.

IoTeX Passes IIP-13 Proposal

At press time, IOTX was trading at $0.0261, up 1.02%. The recently passed proposal will introduce ether liquid staking derivatives and native support for representing staking buckets as NFTs on IoTeX. 97% of IOTX token holders participating in the vote voted in favour of the proposal, resulting in 141 million IOTX tokens being staked and increasing network security with more validators on the blockchain.

Benefits Of IIP-13 Proposal

The passing of IIP-13 has resulted in a bullish market for IOTX, with it trading at the same level where it was trading on March 18th prior to the proposal. In addition, this new protocol places IoTeX among leading DeFi protocols like Lido whose native token LDO has seen an appreciation of over 200% in past three months alone due to its liquid staking protocols.

What Is Liquid Staking?

Liquid Staking is when users are able to stake their tokens or coins into a smart contract which then holds them securely while they remain accessible and can be used for other purposes if needed – such as voting or making payments etc. This also has benefits for dApp developers as they can quickly launch liquid staking dApps without having to manage stakes directly on the blockchain itself, thus improving use cases and contributing heavily towards value proposition of IOTX tokens held by top 10 richest addresses who own 89.87% of all available token supply according to data from CoinLore .

Conclusion

The passing of IIP-13 means that not only is there a bullish market for IOTX but also that IoTeX is now placed among some of the leading DeFi protocols which have seen massive success through its liquid stakings protocols. This improved use case will contribute heavily towards value proposition held by top 10 richest addresses who own 89.87% of all available token supply according to data from CoinLore .

• Bitcoin has surged to over $26,000 as interest rate expectations flip.
• The collapse of three crypto banks sent shockwaves to the market, causing investors to fear for the solvency of USDC, the second biggest stablecoin.
• The Fed is more or less done with interest rate hikes according to Fed futures.

Why is Bitcoin Going Up?

Bitcoin has surged beyond $26,000 as interest rate expectations flip and inflation readings provide further impetus for investors who are dreaming of a return to lower interest rates and rising crypto prices.

Cause For Concern

However, there are some reasons that could cause hesitation amongst investors. Firstly, the shutdown of three crypto banks will hurt the industry significantly. Secondly, there has been nothing but bearish developments since the start of this year despite positive news about more institutions adopting cryptocurrencies. Finally, it is unusual that Bitcoin has decoupled from other risk assets when usually it follows them in a downwards trend since 2021.

USDC Reserves

The crash of Silicon Valley Bank (SVB) and Silvergate last week had particular implications for cryptocurrency due to 8.25% of USDC reserves being held in SVB leading to market fears about its solvency . However, these concerns were allayed when the US administration stepped in and guaranteed deposits would be made whole again thus restoring confidence in the market.

Interest Rate Hikes

The banking sector’s wobble shifted expectations surrounding future path of interest rate hikes with markets now betting that Fed is more or less finished with raising them due to 72% chance implied by Fed futures that no hike will occur at next week’s meeting.

Conclusion

In conclusion, while this rally may have been kicked off by panic surrounding collapsed crypto banks which led to fears around USDC reserve solvency, it appears that investors are now pricing in an end to further interest rate hikes which could mean good things for cryptocurrencies going forward if they manage to decouple from other risky assets on their way upwards instead of downwards as seen so far since 2021.

• Crypto markets have seen a spattering of green, producing positive sentiment across the wider industry.
• Investors are showing interest in Metacade’s presale and its revolutionary strategy could see it taking a leading role in the explosive development of GameFi.
• MCADE has raised $9.4m in just 15 weeks and has a potential total addressable market of 3 billion gamers worldwide.

Crypto Markets Show Positive Signs

The beginning of 2023 saw further positive signs of improvement for crypto markets, which have had to endure a prolonged period of red candles for most of 2022. A spattering of green has produced some positive sentiment across the wider industry, although judging by certain price movements and the crypto news over recent weeks, the market is seeing signs of a plateau.

Metacade Captures Investor Attention

While the markets can change faster than crypto news can keep up, one thing that crypto news sites have all been in agreement on is the flood of ferocious interest, focused intensely on the presale of a disruptive new project called Metacade. This project has been turning heads across the entire crypto scene, in no small part thanks to the revolutionary plans laid out in its recently released whitepaper. Metacade’s remarkable strategy could see it taking a leading role in the explosive development of GameFi expected over the next few years, delivering huge returns for holders of its utility token, MCADE.

Invest Early For Huge Returns

Seasoned investors appreciate that the best time to get in on a project, to generate huge returns that everyone dreams of, is in its early presale stages. By acquiring tokens as early as possible, investors can capitalize on significant growth, and it’s well understood now that these opportunities can turn into incredible gains. It’s exceedingly rare to be able to invest early in a project with such high potential but Metacade clearly falls into this category. It certainly explains why there has been incredibly heated presale action; already raising an unprecedented $9.4m in just 15 weeks with stage 6 now live!

GameFi To Revolutionize The Gaming Industry

With GameFi bringing all of the benefits of decentralized finance (DeFi) to gaming — an industry worth $200 billion — Metacade has an estimated target customer base size at 3 billion gamers worldwide! This is an opportunity too big for any investor to ignore and could easily see MCADE reaching unbelievable heights within 2025 where many analysts predict prices will hit levels beyond $5 per token!

Get Involved In The Presale Now!

It’s apparent why so many investors are getting involved with this groundbreaking project at such an early stage: because it offers them one-of-a-kind possibilities for their investments to grow exponentially over time! Don’t miss out on your chance — join today and join millions around you who are already experiencing success with their investments into Metacade!

• Cerus Markets is launching its Mobile Trading App Giveaway with a chance to win $10,000 in cash.
• The app allows traders to access derivatives of stocks, commodities and metal trading paired against currencies and crypto.
• To participate in the giveaway, sign up for Cerus Markets waitlist and download the app once it becomes available.

Cerus Markets Launches Mobile Trading App Giveaway

Cerus Markets is excited to launch its Mobile Trading App Giveaway offering traders an opportunity to be the first to access its mobile trading app and take a chance to win a share of $10,000 in cash. With its Mobile Trading App, traders will be able to access derivatives that allow speculation on major global Stocks, Commodities and Metals trading paired against currencies and crypto – all with zero fees and leverage up to 100:1.

How To Participate In The Giveaway?

To register for the Giveaway, visit cerus.app, sign up for the waitlist and download the trading app once it becomes available. A total of three winners will be chosen at random and announced via email and social media. $5,000 is awarded to the first winner, $3,000 to the second and $2,000 to the third. Sign up for a $10,000 Cash Giveaway at cerus.app.

About Cerus Markets

Cerus Markets Limited is a multi-asset broker authorized and regulated by the Labuan Financial Service Authority. Cerus Markets represents a new type of global brokerage providing access to cryptocurrencies, forex, stocks and commodities all from one trading platform – all without fees. Users can access from their mobile device or web browser, and never miss a trade. Cerus Markets‘ goal is to enable market access for all trading levels; therefore there are no entry fees that allow traders to place positions on multiple digital assets with as little as $50. Learn more about Cerus Markets at cerusmarkets.com

Socials

Telegram | Twitter | Instagram

Contact Information

Marketing Director: Veronica Imasheva
Email Address: marketing@cerusmarkets

• Coinbase announced the launch of its L2 platform, Base, on OP stack.
• The news saw the Optimism token OP rise 16%, hitting highs of $3.10 on Coinbase.
• A separate token called BASE spiked more than 250% amid speculation.

Coinbase Launches Base On OP Stack

Coinbase has announced the launch of its Ethereum Layer-2 network, Base, on Optimism’s OP stack. This news saw the Optimism token (OP) surge 16%, hitting highs of $3.10 on Coinbase – not far from its all-time high of $3.19. A separate token called BASE also spiked more than 250% amid speculation related to this announcement.

Bullish Sentiment For OP Token

Sentiment across the OP community flipped bullish as reaction to Coinbase news pushed the token higher. According to Coinbase, Base will offer „a secure, low-cost and developer-friendly“ platform for people to create, deploy or interact with decentralized apps – aiming to onboard 1 billion or more people into the crypto space.

OP Price Rises 16% On Coinbase News

The price of Optimism rose 16% after Coinbase’s announcement that it had launched Base on Optimism’s OP stack. Market activity was also up, with data from CoinGecko showing trading volume rose nearly 90% in 24 hours to over $733 million – suggesting bulls were in control following this news release.

Could We See A New All-Time High?

Optimism price reached its all-time high of $3.19 back in early February 2021 and with a positive technical outlook in place, it’s likely we could see a new all-time high for OP/USD if current bullish sentiment continues over time.

Conclusion

As an Ethereum Layer 2 solution using Optimistic Rollups to increase transaction speed and reduce gas fees, Optimism is one of the top chains in the Ethereum ecosystem – and looks set for further gains following this recent news from Coinbase about their launch of Base on Optmimism’s blockchain network

• The SEC has charged Do Kwon, founder of Terraform Labs, with defrauding investors.
• Do Kwon reportedly cashed out a massive $100 million worth of Bitcoin through a bank in Switzerland.
• The SEC alleges that Kwon and his company orchestrated a scheme to mislead investors.

SEC Charges Do Kwon with Fraud

The United States Securities and Exchange Commission (SEC) yesterday announced charges against Do Kwon, the founder of Terraform Labs. The regulator’s complaint is that Kwon and his company orchestrated a scheme that saw him defraud investors.

Do Kwon Cashed Out Over $100M Worth of BTC

As Bloomberg notes in a report published Thursday, 17 February, Kwon’s company had ostensibly moved and cashed out over $100 million worth of Bitcoin using an unnamed banking provider in Switzerland. The transfers began in June 2022 and were reportedly part of more than 10,000 BTC stashed in a cold wallet and periodically withdrawn through the Swiss-based bank.

SEC Alleges Fraudulent Transactions

The SEC allege the fraudulent transactions had continued up to the date of its official complaint against Do Kwon and its firm. Unlike Sam Bankman-Fried who was arrested swiftly following the collapse of his firms FTX and Alameda Research, Do Kwon continues to evade capture. An arrest warrant has been issued for him by US authorities but it remains unclear if he will ever face justice for the alleged frauds committed under his watch at Terraform Labs.

Terra Projects Collapse Impacts Crypto Market

The collapse of the then $40 billion LUNA ecosystem impacted the wider crypto market amid an intensifying crypto winter. „We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities, most notably for LUNA and Terra USD,“ SEC Chair Gary Gensler said in a press release on Thursday. „We also allege that they committed fraud by repeating false and misleading statements to build trust before causing devastating losses for investors,“ he added.

Kown Remains on Run

Do kown remains on run after withdrawing millions from swiss banks .An arres warrant has been issued by US authorities but it remain unclear if he will ever face justice for alleged frauds commited under his watch at terraform labs

• Tether reported a net profit of $700 million in Q4 2022, as revealed in its latest attestation report.
• The profit is in addition to the company’s reserves and was attested by the accounting firm BDO.
• Tether’s consolidated total assets exceeded its liabilities, resulting in excess reserves of at least $960 million.

Tether Reports Net Profit of $700 Million

Stablecoin issuer Tether published its latest attestation report on Thursday, February 9th revealing a net profit of $700 million for the fourth quarter of 2022. This profit is in addition to the company’s reserves and was attested by the accounting firm BDO.

Tether’s Consolidated Assets Exceed Liabilities

The report showed that Tether’s consolidated total assets amounted to at least $67.04 billion while its consolidated total liabilities amounted to only $66.08 billion, resulting in excess reserves of at least $960 million.

Tether Pledges To Stop Issuing Secured Loans

The news comes barely two months after Tether pledged to stop issuing secured loans from its reserves and this is the first time they have disclosed their profits figures, not revealing how they made their income though.

Comment From CTO Paolo Ardoino

In a statement commenting on this news, Tether CTO Paolo Ardoino said: „Tether once again proved its stability in the troubled year of 2022.“ He went on to add that „Not only were we able to smoothly execute over $21 billion dollars in redemptions during the chaotic events of the year, but Tether has, on the other side, issued over $10 billion of USDT, an indication of continued organic growth and adoption of Tether.“

Conclusion

Overall, these reports from Tether provide further insight into their operations and suggest a trend towards increased financial transparency within the crypto industry as a whole.

• Metacade, a crypto gaming platform, has sold out its initial presale stages within weeks, raising more than $4.9m in funding.
• Experts suggest that early investors could see 10X gains from the MCADE utility token and native currency coin in 2023.
• MCADE’s value is set to rise to $0.02 by the end of the ninth and final presale stage, before launching on decentralized exchanges (DEXs).

Crypto Gaming Platform Metacade Has Potential to 10X in 2023

Metacade Initial Presale Sells Out Quickly

Investors searching for potential gains in 2023 have been wowed by the news that Metacade’s initial presale stages have sold out within a matter of weeks as bullish investors poured more than $4.9m of funding into the fledgling crypto gaming platform.

Experts Suggest Early Investors Could Enjoy 10X Gains

With MCADE’s presale continuing to attract massive interest in subsequent presale rounds, some experts are predicting that early investors could enjoy 10X gains in 2023. Metacade could be the buy of the year Forward-thinking investors and crypto gaming enthusiasts have been effusive in their early backing of Metacade during the presale, supporting the platform’s aim of delivering the most comprehensive range of online arcade games in the metaverse.

MCADE Value Set to Rise During Presales Stages

The momentum behind the presale has picked up pace in stage 3, which indicates that the value of Metacade’s utility token and native currency coin is set to surge in the short term, with potentially enormous long-term gains to be realized in the coming years. Beginning at $0.008 per token in the beta phase, MCADE’s value is set to rise to $0.02 by the end of the ninth and final presale stage.

Long-Term Potential & Explosion In GameFi Sector

Expectations are that price could leap once MCADE becomes available to public markets due to its ambitious white paper outlining long-term potential combined with wider projected explosionin GameFi sector over next five years and plans place themselves center crypto gaming for years come means has potential achieve 10X gains this year how high reach?

MCADE Set To Launch On DEXs After Final Presales Stage

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• 60% of institutional investors are bullish on Ethereum and believe it has a better growth outlook in 2023.
• Bitcoin is also seen as a potential investment, while other coins that are attracting institutional investors are Polkadot, Cardano, and XRP.
• Speculative interest and exposure to distributed ledger technology are two main reasons for the increased interest in Ethereum.

Institutional investors are increasingly seeing Ethereum as a viable investment option in 2023. The second largest cryptocurrency by market cap, worth nearly $190 billion, is gaining traction as more investors are viewing it in a positive light. This is evidenced by a survey published by digital assets manager CoinShares in January 2023, which revealed that 60% of respondents from major wealth majors, family offices, hedge funds, and financial advisors believe Ethereum will be a better investment in 2023 than was the case going into the third quarter last year.

A comparison of the survey results from January 2023 with those published by CoinShares in October 2022 shows that the bullish sentiment around Ethereum has increased by 20%. This increase in interest is mainly attributed to speculative interest and exposure to distributed ledger technology. Ethereum is the most popular platform for developing decentralized applications (dApps) and is the most widely used blockchain technology in the world.

Bitcoin is also seen as a potential investment, with its market cap as of 27 January 2023 standing at over $482 billion. Other coins that are attracting institutional investors are Polkadot, Cardano, and XRP. Polkadot is an interoperable blockchain network, Cardano is a smart contracts platform, and XRP is a digital asset designed for payments and money transfers.

The increasing interest in Ethereum is a sign that the cryptocurrency is being taken more seriously by institutional investors. This could lead to further growth for the cryptocurrency in the coming months and years, as more investors are likely to be attracted to its potential. Moreover, the increased interest in Ethereum could also lead to increased interest in other cryptocurrencies, such as Bitcoin, Polkadot, Cardano, and XRP.

• Axie Infinity (AXS) has hit a high of $13.83 today, making it today’s top gainer.
• The increased gaming activity on the Axie Infinity blockchain is largely behind the ongoing bullish price action.
• Axie Infinity is a blockchain-based battling game owned and operated by players around the world.

The cryptocurrency market has been on a rollercoaster ride in recent months, with wild swings in prices of digital assets. Today, however, one digital asset has bucked the trend and shot up by an impressive 40%. Axie Infinity (AXS) has hit an impressive four-month high of $13.83, making it today’s top gainer.

What is driving this impressive price surge? After a period of consolidation, the increased gaming activity on the Axie Infinity blockchain is largely behind the ongoing bullish price action. Axie Infinity is a blockchain-based battling game owned and operated by players around the world. Inspired by such games as Tamagotchi and Pokémon, and the ability of players to collect, breed, raise, battle, and trade token-based creatures the Axie Infinity ecosystem has grown rapidly over the past year.

The token has gone from trading below $12 since mid-September to a high of $13.83 today. It has also seen a steady recovery since the start of 2023, leading to today’s price surge. Players have seen the potential of the game and have been playing it in droves, resulting in a surge in the token’s price.

The Axie Infinity community is growing rapidly and the team behind the project are committed to the success of the game. They have been hard at work developing new features, optimizing the user experience and expanding the game’s reach. This has resulted in more players joining the game and has had a positive effect on the token’s price.

The team has also been working to integrate the game with other blockchain projects, such as the recent integration of Axie Infinity with the Ethereum-based decentralized finance (DeFi) project Aave. This has made it easier for users to use the token for trading and investing purposes.

Axie Infinity is also a great example of how a game can be used to generate real value. With the token’s price soaring, more players are drawn to the game, leading to further appreciation of the token. It is an example of how a game can be successful and rewarding at the same time.

The team behind the project have also been working to make the game more accessible to new players. They have developed an easy-to-use interface, allowing even novice players to join the game. This has led to further growth of the game, resulting in an increase in the token’s price.

It is clear that the Axie Infinity token has a bright future ahead. With the team working hard to improve the game and make it more accessible to new players, it is likely that the token’s price will continue to rise in the coming weeks and months. As the game continues to grow, more players will join the game and the value of the token will continue to grow.