Protocol Publications

Mercurial Finance is set to transform the decentralized finance (DeFi) sector with the launch of the first dynamic vaults for stable assets on the Solana blockchain. These dynamic vaults offer a flexible and efficient way to manage stable assets, allowing users to deposit, swap, and mint assets seamlessly. Leveraging Solana's high-speed transactions and low fees, Mercurial Finance provides a user-friendly, secure, and cost-effective platform. Despite its current modest price of $0.0002, the project shows promise for significant growth and innovation. By enhancing liquidity, promoting innovation, and supporting the Solana ecosystem, Mercurial Finance aims to play a pivotal role in the evolving DeFi landscape.

Bitcoin's short-term demand appears insufficient to sustain a rally beyond $60,000, signaling a potential bearish reversal early next week. From July 1st to 5th, Bitcoin [BTC] dropped 16.2% to a low of $53.5k before recovering by 9.33% in the next 36 hours, suggesting a possible short-term range formation. Key levels to watch include a range between $58.8k and $53.5k, with the mid-range level of $56.2k acting as support. Indicators like the RSI and OBV suggest caution, while the 7-day liquidation heatmap highlights clustered liquidation levels around $59k-$59.3k. Traders should prepare for potential volatility, monitor key indicators, and consider diversifying investments to navigate the anticipated market movements effectively. Despite the bearish outlook, breakout opportunities should not be ignored, and staying informed about external factors and historical trends can provide valuable context for trading decisions.

Trump Inu, a meme-based cryptocurrency leveraging the cultural and political iconography of former U.S. President Donald Trump, has quickly gained traction in the crypto market despite its current price of $0.0000. Launched amidst a plethora of meme coins, Trump Inu has shown a remarkable 80.78% increase over the past 30 days, indicating potential for significant growth. With a total supply of 420,690,000,000,000 coins, the token stands out due to its unique branding, strategic marketing, and strong community support on platforms like Twitter, Reddit, and Telegram. The development team has outlined future plans to enhance the token's utility and value, including potential partnerships and new features. However, investors should be cautious of the inherent volatility and regulatory risks associated with meme tokens. Despite these risks, Trump Inu's combination of community engagement, unique branding, and strategic development makes it a noteworthy contender in the dynamic crypto market.

The altcoin market is currently reflecting bullish patterns reminiscent of 2020, with recent trends indicating potential growth through double bottom patterns and higher lows. Key support and resistance levels suggest market bottoms may form in 2024, offering lucrative buying opportunities. Major altcoins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) are showing signs of recovery, despite Bitcoin (BTC) facing challenges from economic indicators and regulatory concerns. Technical analysis points to a possible bullish trend post-2024, with the Relative Strength Index (RSI) indicating oversold conditions that could signal market bottoms. Investors are advised to diversify portfolios, stay informed, and consider long-term potential to capitalize on the evolving market.

OpenLeverage is a groundbreaking permissionless margin trading protocol in the decentralized finance (DeFi) space, seamlessly integrating with decentralized exchanges (DEXs) to allow users to long or short any trading pair efficiently and securely. By eliminating the need for permission to create margin trading markets, OpenLeverage democratizes trading for both retail and institutional investors, fostering a decentralized financial ecosystem. The platform's mission is to build a decentralized crypto securities service, offering lending, derivatives trading, and asset management infrastructure. OpenLeverage's utility and governance token, OLE, provides various incentives and governance capabilities, ensuring community participation and security. The protocol employs a dual token system with OLE and xOLE, emphasizing liquidity, governance, and self-sustainability. The total supply of OLE is 1 billion tokens, with a distribution model supporting community incentives, ecosystem development, and rewarding past investors and contributors. The team behind OpenLeverage includes experienced professionals in blockchain and fintech, led by co-founders Tom and Jackie, who bring extensive expertise in trading, risk management, and blockchain-based financial systems.

In a series of sophisticated scams, at least three Coinbase users and another crypto enthusiast have been deceived by fraudsters posing as Coinbase representatives, resulting in one victim losing $1.7 million. The scammers employed a combination of convincing phone calls and emails to gain the victims' trust, ultimately tricking them into revealing parts of their seed phrases. This partial disclosure allowed the scammers to brute force the remaining seed phrase, leading to significant financial losses. Experts like Hiro Systems CEO Alex Miller highlighted the advanced data capture techniques used by these fraudulent websites, emphasizing the need for heightened security measures and user vigilance. The crypto community has seen a surge in such incidents, with over $1.19 billion lost to crypto security breaches in the first half of 2024 alone. To combat these threats, users are advised to never share their seed phrases, verify contacts independently, use two-factor authentication, regularly update security measures, and stay informed about the latest scams. The rise in these attacks underscores the critical importance of robust security practices and the potential role of AI in enhancing cybersecurity.

Founded in 2015, Manna is the first digital asset distributed based on Universal Basic Income (UBI) principles, aiming to democratize access to digital currency and ensure fair wealth distribution. Managed by a US-based non-profit, Manna operates through Mannabase.com, where users receive weekly social dividends in Manna tokens, fostering global connections and a decentralized digital economy. Manna's vision is to provide basic financial resources to everyone, reducing economic inequality and promoting financial inclusion. Key features include weekly UBI distributions, decentralization via blockchain, global accessibility, and a community-centric approach. Despite market fluctuations, Manna continues to innovate, with plans to enhance its platform, form strategic partnerships, and educate the public about UBI and digital currencies.

Netmarble, a South Korean gaming giant, has migrated its game platform MARBLEX and three popular IP games—Ni no Kuni: Cross Worlds, A3: Still Alive, and Meta World—to Immutable zkEVM, a zero-knowledge Ethereum Virtual Machine. This strategic move aims to enhance security, scalability, and interoperability, aligning with the growing trend of blockchain integration in the gaming industry. With over 380 well-funded games and nearly 2 million active users on Immutable, this migration is significant, especially as the included titles collectively boast over 1 million monthly active users and have generated more than $80 million in revenue in 2024. The transition is expected to improve the overall gaming experience by ensuring secure transactions, enabling cross-chain compatibility, and fostering potential cross-game collaborations. Netmarble's decision underscores the increasing importance of blockchain technology in gaming and sets a precedent for other companies to follow, potentially leading to broader adoption and innovative developments in the industry.

Community Business Token (CBT), developed by DigitalFlyer® SA, is revolutionizing the loyalty rewards ecosystem by leveraging blockchain technology to address the limitations of traditional loyalty programs. CBT offers a secure, transparent, and efficient solution that eliminates the financial liability of unredeemed points and simplifies the implementation of loyalty programs for businesses of all sizes. By focusing on micropayments and providing a tamper-proof rewards system, CBT enhances customer engagement and satisfaction. This innovative token allows businesses to seamlessly integrate loyalty programs without significant infrastructure changes, making it a cost-effective option for both small enterprises and large corporations. As customer expectations evolve, CBT positions itself as a forward-thinking solution that ensures businesses stay competitive in the future of customer loyalty.

BurnifyAI is an AI-backed buyback protocol designed to enhance market stability and investor confidence through intelligent, timely buybacks. Easily integrated with just one line of code, BurnifyAI leverages advanced AI algorithms to analyze market trends and execute strategic buybacks, benefiting projects of all sizes. Key features include seamless integration, market stability, and increased investor confidence, making it a cost-effective solution for managing buybacks in various sectors, including cryptocurrency, stock, and token buybacks. With continuous improvements in AI algorithms and expanded integration options, BurnifyAI is setting a new standard in automated financial protocols.