Rocket Pool

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According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company clarified that Rocket Pool liquid stakers utilizing Zksync Era will enjoy faster speeds and lower transaction costs.
Liquid Staking Protocol Rocket Pool Joins Forces With Zksync Era
The liquid staking protocol Rocket Pool, ranked third in size, is set to integrate with Zksync, as announced on Twitter. Statistics reveal that Rocket Pool currently holds 733,575 ether, equivalent to $1.3 billion, within its liquid staking protocol. On Thursday, the team tweeted, “Rocket Pool is coming to Zksync Era. You’ll soon be able to liquid stake your ETH on Zksync Era by simply holding rETH in your wallet. Just like on mainnet and other L2’s, rETH will continue to accrue staking rewards automatically.”
Liquid staking has gained popularity in recent years, and this year has witnessed a significant surge in the number of ETH staked in these protocols. Nearly 10 million ETH are currently locked in the leading liquid staking protocols, with Rocket Pool capturing 7.72% of the market share. Zksync, an Ethereum Layer 2 (L2) solution akin to Arbitrum and Optimism, introduced Zksync Era in March, just two months ago. Rocket Pool has outlined that stakers utilizing Zksync will enjoy faster confirmation times and reduced network fees.
“Liquid stakers will benefit from faster speeds [and] lower transaction costs, secured by Zksync Era’s zero-knowledge proofs,” Rocket Pool said. “Another step in our mission to reduce barriers to entry [and] ensure everyone can participate in Ethereum’s proof-of-stake system.” According to data, the present transaction cost on Zksync stands at $0.10 for sending ether and $0.24 per coin swap. In contrast, an onchain ETH transaction incurs a cost of $1.54, while a high-priority token swap onchain transaction costs $13.91.

Rocket Pool has experienced notable activity in the past two months, and seven-day statistics indicate a 4.87% increase in its total value locked (TVL). Over the previous 30 days, Rocket Pool’s TVL has risen by 25.68%. Despite holding the third-largest amount of ETH among liquid staking protocols, Rocket Pool falls behind Lido Finance, which commands an impressive 73.90% of the entire Ethereum-based liquid staking market share. Out of the current 9.49 million ETH held, Lido’s protocol accounts for 7.01 million ether.
What are your thoughts on the future of liquid staking and its potential impact on the Ethereum ecosystem? Share your views and opinions about this subject in the comments section below.



According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company clarified that Rocket Pool liquid stakers utilizing Zksync Era will enjoy faster speeds and lower transaction costs. Liquid...

news.bitcoin.com

Rocket Pool to Integrate With Zksync Era, Offering Faster Speeds and Lower Transaction Costs

On-chain data shows that Bitcoin miners have recently received net inflows of about 7,000 BTC. Here’s what this may mean for the asset.
Bitcoin Miner Netflow Has Registered A Large Positive Spike
As an analyst in a CryptoQuant post pointed out, Poolin mining pool seems to have been behind most of the recent inflows. The relevant indicator here is the “miner netflow,” which measures the net amount of Bitcoin entering or exiting the wallets of all miners.
When the value of this indicator is positive, these chain validators are now depositing a net number of coins into their addresses. Such a trend can indicate that the miners are accumulating currently, which can be bullish for the price.
On the other hand, values of the metric below zero imply this cohort is taking coins out of their wallets. The main reason why these investors would transfer their coins away from their addresses is for selling-related purposes. Thus, this kind of trend can have bearish implications for the asset.
Now, here is a chart that displays the trend in the Bitcoin miner netflow over the past year and a half:


The above graph shows that the Bitcoin miner netflow has observed a pretty large positive spike during the last day or so. With this sharp rise in the indicator, the miners have received 7,000 BTC in their wallets.

This is quite an extraordinary amount, as no other spike has come close during the last one and a half years. Naturally, if these net inflows indicate that the miners have been buying, the cryptocurrency could feel a bullish boost.
In January, for example, the miners participated in some possible buying, as the netflow registered a significant spike. Following these inflows, the price started its rally.
The quant cautions, however, “It is important to note that having such a large influx of BTC into miners’ wallets does not necessarily guarantee a bullish movement in the price of Bitcoin. Similar situations have occurred in the past where there were significant inflows into miners’ wallets, but the price of Bitcoin subsequently declined.”
The analyst also points out that 99% of these net flows seem to have involved just one mining pool in the sector: Poolin. The chart below shows the trend in the combined holdings of the miners in this pool.


Since the net Bitcoin inflows are mostly to the wallets of this mining pool, it’s unlikely that they represent the sentiment among the wider mining industry, regardless of whether they are a sign of buying or not.

From the chart, it’s visible that last month, following the local top in the asset’s price, Poolin appears to have sold many coins. These latest inflows seem to have merely taken their holdings back to levels close to those from before this selling.
BTC Price
At the time of writing, Bitcoin is trading around $27,800, up 2% in the last week.





On-chain data shows that Bitcoin miners have recently received net inflows of about 7,000 BTC. Here&#8217;s what this may mean for the asset. Bitcoin Miner Netflow Has Registered A Large Positive Spike As an analyst in a CryptoQuant post pointed out, Poolin mining pool seems to have been behind m...

newsbtc.com

Bitcoin Miners Receive Inflows Of 7,000 BTC, What Does It Mean?


May 24, 2023 – Cape Town, South Africa


Prize pool of up to 1,800,000 USDT across team, individual and newcomer trading challenges.

Binance Futures, the largest crypto derivatives exchange, is bringing back its ‘Futures Grand Tournament’ just in time for the summer.
Traders from around the world are actively building their teams for the tournament, and the performance rankings of competing teams and individuals can be seen here.
Crypto traders can take their trading skill to the next level and be rewarded with a share of the dynamic prize pool of up to 1,800,000 USDT.
The prize pool is split as follows.

Up to 1,200,000 for the team competition
Up to 300,000 for the individual competition
Up to 300,000 in welcome prizes for new futures traders

This edition of the Futures Grand Tournament also introduces the Binance Futures Bonus Center, where participants can access exclusive packages on a first-come, first-served basis.

Ten thousand new futures traders can collect five USDT futures bonus vouchers each
First 1,000 tournament participants can buy 10 USDT futures cashback vouchers for just one USDT

The tournament will be held from May 24 to June 21, 2023, commencing with an eight-day referral challenge, allowing participants to accumulate points and obtain NFTs that can be used to multiply their points for the trading competition.
Participants then compete over three weeks for the best trading performance and prizes.
Activity A – referral challenge – 1,400 Binance Futures Grand Tournament limited edition NFTs and 10,000 futures bonus vouchers to be won
Between May 24 to May 31, 2023, users who register for the Futures Grand Tournament can accumulate referral challenge points by completing different tasks each day.
The tasks include referring users to the tournament, opening futures or options accounts, completing options or futures grid trading strategy and sharing on social media.
Each day, 175 winners will receive a mystery NFT that will multiply their competition profit points – and there are also daily futures bonus vouchers up for grabs.
Activity B – team competition – trade futures alongside your team to share 1,200,000 USDT
All teams trading COIN-M and USDS-M contracts on Binance Futures during the competition period will be ranked based on their total sum of team daily PNL.
Team daily PNL is calculated by adding up the PNL of the top 10 eligible users who accumulate the highest trading volume on Futures during the competition period.
Activity C – individual competition – daily ROI rewards to be won
All individual competition participants who meet the required minimum daily trading volume across COIN-M and USDS-M contracts on Binance Futures during the competition period will be ranked based on their daily ROI.
There are a total of 21 daily qualifying periods, starting on June 1, 2023. Each qualifying period will go on for 24 hours.
Activity D – welcome prizes for new participants
All new Futures traders participating in the tournament can share in the dedicated welcome prize pool. Additionally, one lucky winner will walk away with a special prize of one BNB.
At the end of the tournament, winners and the competition results will be announced on the tournament website.
Eligibility criteria
Users must complete account verification and open a Binance Futures account to participate.
To sign up and to view the full competition and eligibility rules, please visit the Futures Grand Tournament website here.
About Binance Futures
Binance Futures allows experienced users to trade crypto futures contracts with leverage.
Binance Futures’ NASDAQ level-matching engine processes orders easily with minimal latency – average five milliseconds at 100,000 orders per second.
Learn more here.
Disclaimer
This campaign is only available to users who are eligible for Binance futures and/or options trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements.
Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.
Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of the Binance futures and/or options trading services from time to time in its sole discretion at any time without notification.
Binance further reserves the right in its sole discretion to amend or cancel this campaign at any time and for any reasons without prior notice.
Risk warning
Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested.
You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur.
Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks.
You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
This material should not be construed as financial advice. For more information, see our terms of use and risk warning.
Contact
Riley Kim, Binance
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post Binance Futures Grand Tournament Returns appeared first on The Daily Hodl.


May 24, 2023 – Cape Town, South Africa Prize pool of up to 1,800,000 USDT across team, individual and newcomer trading challenges. Binance Futures, the largest crypto derivatives exchange, is bringing back its &#8216;Futures Grand Tournament&#8217; just in time for the summer. Traders from around...

dailyhodl.com

Binance Futures Grand Tournament Returns

[PRESS RELEASE – Please Read Disclaimer]
The Super Six tournament is gaining momentum on 1xBit. Winners of the second round have already claimed their winnings but the prizes from the 6 BTC prize pool are yet to dry out.
Now is the perfect time to join the Super Six tournament, as the next prize draw starts very soon. Bet on your favorite football league and win big!
How to join the Super Six Tournament
First, you must create an account on 1xBit or log into your dashboard if you are already a member. Secondly, you must indicate interest by going to the offer page to join the Super Six tournament.
And once you have fulfilled the above conditions, start the race by placing bets on EPL, Bundesliga, La Liga, Serie A, Ligue 1, and Primeira Liga to collect promo tickets.
The promo tickets are your getaway to take part in multiple prizes draws and win, which means you can increase your chances of winning by gathering as many promo tickets as possible.
Prizes to be Won
As stated earlier the Super Six tournament features multiple draws and the last draw was on May 9. However, there are still more draws on the way so there is never a wrong time to join and play.
The first set of prizes will see 15 players for each league rewarded (with 50 mBTC as the top prize) in a three-period cycle of which the 3rd period will be held over the next 3 weeks.
The second part of the reward session will be done 6 times to be held at the end of each league, EPL, Bundesliga, La Liga, Serie A, Ligue 1, and Primeira Liga. The winners will go home with at least 10 mBTC as 50 mBTC is the top prize.
The final prize draw will also be held to reward 5 players with 300, 200, 100, 70 and 50 mBTC.
It is also good to note that the Super Six tournament will run till May 29, 2023. All activities will be on 1xBit, the leading crypto betting site in the world.
About 1xBit
1xBit has sports events from every angle you could think of. On 1xBit, you can bet on different leagues and various sports types.
Variety is a thing on the online sportsbook, for instance, over 40 altcoins have been added for users to transact with. You get to enjoy fast payouts and zero processing fees on every transaction.
You can register on 1xBit in less than 2 minutes because you do not need to submit your KYC, which also gives you the advantage of being anonymous as you place your bets.
If you are new on 1xBit, do not forget to access the 300% welcome bonus that is eligible for your first four deposits. Boost your first deposit bonus up with promo code SUPER1X!
Join 1xBit and enjoy swift payouts using crypto.
The post Join the Sports Tournament on 1xBit: Any Ticket Can Turn Up 50 mBTC appeared first on CryptoPotato.

[PRESS RELEASE &#8211; Please Read Disclaimer] The Super Six tournament is gaining momentum on 1xBit. Winners of the second round have already claimed their winnings but the prizes from the 6 BTC prize pool are yet to dry out. Now is the perfect time to join the Super Six tournament, as the next ...

cryptopotato.com

Join the Sports Tournament on 1xBit: Any Ticket Can Turn Up 50 mBTC

A flaw in the setup of a liquidity provider (LP) on Uniswap V3 has resulted in a user earning over $331,000 in just a few seconds. This lucky individual had initially sent only 0.1 ETH to the Art Coin presale.
Art Coin Liquidity Pool On Uniswap V3 Drained
Presales on decentralized platforms like Uniswap, which is a popular decentralized exchange, allows a listing project to exchange their native token for other more liquid cryptocurrencies.
In Ethereum where Uniswap V3 was first launched, Art Coin, a platform focused on art for artists, allowed supporters to exchange their token, ART, for ETH.

Upon discovering a flaw in Uniswap V3’s presale process, the user promptly sold their presale allocation for 181 ETH, which amounted to over $331,000, on May 7th. Prior to this, the user had bought 0.01 ETH of ART during the presale.

dude sent 0.1 ETH for the presale, got his allocation, realized the pool was setup redactedly, and just dumped it for 181~ ETH instantly pic.twitter.com/Mk9PESJsAM
— DeeZe  (@DeeZe) May 7, 2023

Some have questioned the legality of the dump saying the trader committed an offense similar to a rug pull.

However, the consensus is that the responsibility lies with the project’s developers and not the “lucky” user who picked out the flaw and exploited it.
Art Coin founders have since issued a statement, saying the flaw was due to a miscommunication:
Two developers were going to help us understand LP and set it up. There was a miscommunication and we set up the LP before distributing tokens. So when we sent out the first batch, the bots went crazy and drained it.
The flaw, and subsequent exploit, points to the complexities of Uniswap V3. This latest version of Uniswap, which had a business license which expired in early April, introduces the concentrated liquidity feature where liquidity providers (LPs) can provide it within a given range.
In this arrangement, Uniswap says LPs can better utilize their funds, earning more rewards when they supply. Nonetheless, the deploying project seeking liquidity from the community must be keen and ensure that they customize their parameters in such a way that their efficiency in liquidity provision and traders cannot take advantage and exit at above-rate levels.
In the Art Coin’s case, the user exited at higher market rates, essentially draining the project’s funds. With 181 ETH of the presale funds gone, Art Coin has 40 ETH left and plans to conduct a new fundraising round.

2) The founder and I got very shocked looking at these events playing out. @Stocktrader have decided to take a break. 
I’m going to build a team of devs. 
Final goal is to relaunch. 
We have 40 eth and could relaunch with that as LP.  ..->
— $ART (@artethcoin) May 7, 2023

Crypto Developers Beware
Uniswap V3 can now be forked by any decentralized finance (DeFi) project. Currently, PancakeSwap and SushiSwap decentralized exchanges have launched new versions of their platforms adopting concentrated liquidity and other features found in Uniswap V3.

The complexities, especially in liquidity provision, makes Uniswap V3 tricky especially for inexperienced developers who don’t fully understand how the version operates.
The issue is worsened by the inalterable and transparent nature of on-chain transactions. If a weakness is exploited and the pool is drained, the cost can be significant. In Art Coin’s case, developers have chosen to continue supplying liquidity with lower amounts while considering another presale. They will only receive funds if the trader has a change of heart, refunding the project’s developer.



A flaw in the setup of a liquidity provider (LP) on Uniswap V3 has resulted in a user earning over $331,000 in just a few seconds. This lucky individual had initially sent only 0.1 ETH to the Art Coin presale. Art Coin Liquidity Pool On Uniswap V3 Drained Presales on decentralized platforms like ...

Rocket Pool price	$49.14
Low - High 24H	$48.92 - $49.41
Market cap	$954.88M
Volume 24H	$3.41M
All time high	$61.90 -20.61% April 16th 2023
All time low	$0.008847 555323.27% August 28th 2018
Genesis date	N/A

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