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El Salvador鈥檚 green energy bitcoin mining has generated 474 BTC, worth around $31.2 million as of May 2024, significantly boosting the country's low GDP. This is a practical simulation of Bitcoin's potential as a national wealth asset.
In the USA, the upcoming election shows a different story: Biden鈥檚 regulation-heavy stance versus Trump鈥檚 pro-crypto approach, including a potential "Strategic Bitcoin Reserve Policy." This shift in political support is a very important moment for Bitcoin鈥檚 integration into national financial strategies.
The Open Network (TON) is launching TON Teleport BTC, a trustless Bitcoin bridge for seamless DeFi transactions on the TON blockchain. It allows users to engage with decentralized applications and lending platforms securely via smart contracts and network validators.
Backed 1:1 by native Bitcoin, TON Teleport BTC aims to enhance Bitcoin's utility within TON's ecosystem. This development supports TON's vision of integrating Web3 services into one network while ensuring secure and transparent transactions without central intermediaries.
Market Frustration = Trading Opportunities
If you're new to the crypto space, you might be puzzled by the current market dynamics. Bull markets aren't just about parabolic price action; they also experience sideways movement and downturns. Despite these fluctuations, markets eventually resume their upward trend, demonstrating the inherent bullish momentum
Li.Fi, a cross-chain liquidity provider, recently suffered a breach where attackers exploited a new contract, resulting in over $11 million stolen from non-custodial wallets. The vulnerability was quickly identified and fixed, and users were advised to resume interactions with the protocol.
The Li.Fi team is working with security experts and law enforcement to prevent future breaches and recover stolen funds. Affected users can participate in a compensation program by filling out a form. Li.Fi has assured enhanced security measures and user fund safety going forward.
Finally, the updates on the side of InLEO's new cross-chain product called LeoDEX have been going on.
LeoDEX has finally facilitated $100k worth of swap volume! What an amazing milestone! Baby steps right?! Also, they say the first $100k is always the hardest.
Soon, LeoDex will be the center of cross - chain transactions with a couple of clicks and very low cross - chain fees. Explore the introduction to LeoDex by a lion 馃
InLEO is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
