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Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the notable surge in the price of its native token, injective (INJ). Over the past week, the INJ token has experienced a remarkable growth rate of 23%. 
This surge reflects the growing market interest in the platform and underscores the utility and governance features associated with the INJ token. Serving as a dual-purpose instrument, the INJ token empowers users by offering them utility within the platform while granting them a say in shaping its future through governance mechanisms. 
What’s The Cause Of The Spike?
At the time of writing, the price of INJ stands at $7.83, experiencing a minor 0.9% decline within the day. However, over the course of the week, INJ has demonstrated a commendable increase of 23%. This surge in price is coupled with a circulating supply of $100 million, contributing to the platform’s liquidity and overall market dynamics. The positive market sentiment and a high Total Value Locked (TVL) have been identified as key factors driving the recent price boom for Injective (INJ).
Related Reading: Celsius Sets New Standard: $1 Billion In ETH Staked As Deposits Show No Sign Of Slowing
Exciting developments lie ahead for Injective as it reveals its plans to revamp its proof-of-stake (PoS) delegation mechanism through the Avalon upgrade. This upgrade will introduce an advanced system, incorporating sub-second block times and layer-1 scalability optimizations. By leveraging the Avalon upgrade, Injective (INJ) aims to enhance transaction speed and efficiency, promising a more seamless user experience on the platform.

The impressive growth of Injective (INJ) and its commitment to innovation through the Avalon upgrade position the project as a notable player in the blockchain industry. With a positive market outlook and advancements on the horizon, Injective (INJ) continues to captivate investors and enthusiasts alike.
What’s Next For Injective (INJ)?
Injective (INJ) is gearing up to revolutionize its decentralized exchange (DEX) by introducing the Avalon upgrade, which promises to deliver improved performance, scalability, and an enhanced user experience. This upgrade is expected to positively impact the price of Injective (INJ), according to analysts who suggest a potential bullish sentiment for the token.
With the Avalon upgrade, Injective (INJ) aims to elevate its DEX to new heights, offering faster and more efficient transactions. Implementing sub-second block times and layer-1 scalability optimizations is poised to attract more users to the platform and drive increased demand for the token.
Related Reading: Floki Inu Gains Momentum As Chinese E-Commerce Giant Recognizes Its Utility
The market outlook for Injective (INJ) appears promising, with analysts predicting a potential price increase. Speculations suggest that the price of INJ could reach $9.74 by the end of 2023, reflecting a bullish sentiment among investors and signaling confidence in the platform’s future growth.
As Injective (INJ) prepares to unlock the full potential of its decentralized exchange with the Avalon upgrade, traders and enthusiasts eagerly anticipate the enhanced performance and scalability it will bring. With positive market predictions, the future looks bright for Injective (INJ) as it aims to solidify its position as a leading player in the blockchain ecosystem.
-Featured image from iStock.com and charts from TradingView.com


Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the notable surge in the price of its native token, injective (INJ). Over the past week, the INJ token has experienced a remarkable growth rate of 2...

newsbtc.com

Injective Protocol (INJ) Tallies 23% Price Surge In Past 7 Days – Here’s Why


June 1, 2023 – San Francisco, California


With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets.

OKX, a leading Web 3.0 company, today introduced its proposal for a new open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in order to earn BRC-30 tokens.
The protocol is open-source and available for all developers to build upon.
OKX Wallet will add support for the BRC-30 standard according to the protocol, enabling users to earn passive income by staking BRC-20 tokens or Bitcoin on Web 3.0 Earn without actively trading.
This complements the existing range of curated DeFi earning products already available through the platform.
The introduction of BRC-30 and its staking functionalities is driven by OKX’s goal to provide users with additional opportunities to participate in the Bitcoin ecosystem and earn passive income.
Jason Lau, chief innovation officer at OKX, said,
“We’re thrilled to have proposed and pioneered the BRC-30 standard to enable Bitcoin and BRC-20 token staking. With the OKX Wallet soon to incorporate BRC-30 support, users will be able to access Bitcoin staking and earn opportunities across multiple chains.
“With the Bitcoin ecosystem seeing an explosion of new development, we’re proud to work with developers and projects across the community to contribute to the growth of the wider ecosystem.”
OKX is a longstanding supporter of Bitcoin, having integrated the Lightning Network to its centralized exchange over two years ago.
OKX Wallet is also the first multi-chain wallet to support BRC-20 trading with the launch of its Ordinals Marketplace, as well as the viewing and transfer of Bitcoin Ordinals.
About OKX
A leading global technology company driving the future of Web 3.0, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including the OKX Wallet, NFT marketplace, DEX and Web 3.0 Earn.
OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula One, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James and F1 driver Daniel Ricciardo.
As a leader in building innovative technology products, OKX believes in challenging the status quo.
The company recently launched a global brand campaign entitled, ‘The System Needs a Rewrite,’ which advocates for a new paradigm led by Web 3.0 self-managed technology to replace existing centralized systems.
To learn more about OKX, download our app or visit the website.
Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax or legal advice, nor should it be considered an offer to purchase, sell or hold digital assets.
Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly and can even become worthless. OKX is not regulated by the FCA – thus, protections such as the Financial Ombudsman Service or Financial Services Compensation Scheme will not be available.
You should consider whether you understand how crypto works and whether trading or holding digital assets is suitable for you in light of your financial condition.
The value of your digital assets, including stablecoins, can increase or decrease, and profits may be subject to capital gains tax.
Past performance does not indicate future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.
Contact
OKX
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 OKX Proposes Industry-First BRC-30 Token Standard To Enable Bitcoin and BRC-20 Token Staking appeared first on The Daily Hodl.


June 1, 2023 – San Francisco, California With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets. OKX, a leading Web 3.0 company, today introduced its proposal for a new open-source BRC-30 protocol that enables staking of B...

dailyhodl.com

OKX Proposes Industry-First BRC-30 Token Standard To Enable Bitcoin and BRC-20 Token Staking

[PRESS RELEASE – SAN FRANCISCO, UNITED STATES, June 1st, 2023]

With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets

OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables the staking of BRC-20 tokens and Bitcoin in order to earn BRC-30 tokens. The protocol is open-source and available for all developers to build upon.
OKX Wallet will add support for the BRC-30 standard according to the protocol, enabling users to earn passive income by staking BRC-20 tokens or Bitcoin on Web3 Earn without actively trading. This complements the existing range of curated DeFi earning products already available through the platform.
The introduction of BRC-30 and its staking functionalities is driven by OKX’s goal to provide users with additional opportunities to participate in the Bitcoin ecosystem and earn passive income.
OKX Chief Innovation Officer Jason Lau said: “We’re thrilled to have proposed and pioneered the BRC-30 standard to enable Bitcoin and BRC-20 token staking. With the OKX Wallet soon to incorporate BRC-30 support, users will be able to access Bitcoin staking and earn opportunities across multiple-chains. With the Bitcoin ecosystem seeing an explosion of new development, we’re proud to work with developers and projects across the community to contribute to the growth of the wider ecosystem.”
OKX is a longstanding supporter of Bitcoin, having integrated the Lightning Network to its centralized exchange over two years ago. OKX Wallet is also the first multi-chain wallet to support BRC-20 trading with the launch of its Ordinals Marketplace, as well as the viewing and transfer of Bitcoin Ordinals.
About OKX
A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including the OKX Wallet, NFT Marketplace, DEX and Web3 Earn.
OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As a leader in building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology to replace existing centralized systems.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. OKX IS NOT ASSOCIATED WITH ANY PARTICULAR DEFI PROTOCOL, MAKES NO WARRANTIES, REPRESENTATIONS OR UNDERTAKINGS RELATING TO ANY DEFI PROTOCOL’S OFFERINGS, AND IS NOT RESPONSIBLE OR LIABLE FOR ANY DIRECT OR INDIRECT LOSS OR OTHER DAMAGE ARISING FROM YOUR USE OF ANY DEFI PROTOCOL. OKX WALLET IS AN AGGREGATOR; ALL DISPLAYED ESTIMATED RETURN RATES ARE PROVIDED BY THE DEFI PROTOCOL, AND ARE NOT GUARANTEED NOR INDICATIVE OF FUTURE RETURNS. PLEASE CONDUCT YOUR OWN DUE DILIGENCE BEFORE INVESTING IN ANY DEFI PROTOCOL. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
The post OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking appeared first on CryptoPotato.

[PRESS RELEASE &#8211; SAN FRANCISCO, UNITED STATES, June 1st, 2023] With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol ...

cryptopotato.com

OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking


Jimbos Protocol, the victim of a $7.5 million hack, has announced an $800,000 bounty program to catch the hackers.



In some decentralized finance (DeFi) hack cases, there is a settlement between the hackers and the project. In such settlements, the hackers return a major portion of the cash while keeping the remaining as a bug bounty.



Jimbos Protocol Seeks Help of Law Enforcement



After the hack on Sunday, Jimbos Protocol gave an ultimatum to the hacker to return funds by 16:00 UTC Monday. But there has been no response from the hackers as yet.



Then, on Wednesday, the DeFi project announced the involvement of law enforcement agencies like the Department of Homeland Security to track the hacker. It wrote a message for the hacker on Twitter:




“To the attacker: We warned you. We’d prefer giving you the bounty, so we can focus on our protocol. Instead, we will deal with law enforcement to find you.”




Even on Monday, Jimbos Protocol has urged the hacker to “keep a fast $800k payday and live to tell the tale.”



To escalate the investigation, the project also extended the $800,000 bounty to community members who can track the exploiters and bring back the funds.



Jimbos, a liquidity protocol based on the Arbitrum chain, lost 4,090 Ethereum (ETH) due to a lack of slippage control of liquidity-shifting operations.



Due to the hack, the community criticized the idea of an Oracle-less project. Some even reacted with memes to Jimbos Protocol’s Twitter threads.



Source: Twitter



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The post Jimbos Protocol Announces $800K Reward to Catch Exploiter appeared first on BeInCrypto.


Jimbos Protocol extended a reward of $800,000  to individuals within the community who successfully trace the hackers and recover the funds from them.
The post Jimbos Protocol Announces $800K Reward to Catch Exploiter appeared first on BeInCrypto.


beincrypto.com

Jimbos Protocol Announces $800K Reward to Catch Exploiter

The German telecommunications firm looks to leverage its infrastructure in Web3, plugging in as a network validator for Ethereum scaling protocol Polygon. 

X42 Protocol price	$0.006437
Low - High 24H	$0.006351 - $0.0077
Market cap	$140,923.00
Volume 24H	$771.00
All time high	$1.61 -99.60% November 14th 2018
All time low	$0.00015 4188.67% January 27th 2023
Genesis date	N/A

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