Magic Eden soon… 🔜 Source: https://x.com/mefndn/status/1826621433138524191?s=46&t=vaUUQQSHZ5MFF-taH_Pfaw The market is starting to come alive, and giants are getting ready to emerge.
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✨Babylon Staking Babylon is a staking protocol on Bitcoin. The project has attracted $96 million in investments from funds like Paradigm, Polychain, Binance Labs, and others. Today at 12:00 PM (UTC time), the first phase of staking will be launched. You can stake from 0.005 BTC (±$300) to 0.05 BTC (±$3000). The plan is to collect 1,000 BTC and then close the pool. The staking period is expected to last 15 months, but the token release date is still unknown. However, you will always be able to withdraw your Bitcoin within 7 days. One interesting strategy is to look for wrappers instead of the official staking to maximize your chances of receiving airdrops. Some cool projects include Solv Protocol, Lombard, and Bedrock. These wrappers can be used elsewhere, for example, in Fuel. Overall, the activity looks very promising, as many people in the market lack liquidity for deposits, and due to contribution limits, large players won’t be able to take all the rewards.
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There in Dubai, crypto has been completely legalized. Now salaries can be received in crypto. (https://cointelegraph.com/news/dubai-court-recognizes-crypto-salary-payments) And USDC payment has been integrated into the iPhone. Payments can be made via Solanapay. (https://www.apple.com/newsroom/2024/08/developers-can-soon-offer-in-app-nfc-transactions-using-the-secure-element/) Mass adoption soon…🔜
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