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BINANCE’S NEW BRIDGE 2.0 LAUNCH

BINANCE’S NEW BRIDGE 2.0 LAUNCH

In the last week of March the financial market (DeFi) has risen sharply as institutional investors return to the market. Amid growing popularity of DeFi products, Axie Infity's Ronin Bridge has faced one of the worst robberies in crypto history, raising concerns about market security.


MetaMask incorporates Apple Pay support, which allows users to purchase crypto using their Apple Pay account directly, and Binance introduced Bridge 2.0 to integrate CeFi and DeFi in one place.


Looking at the price side, most DeFi tokens in the top 100 not only registered for two-digit benefits but also rose to new heights for several months, with several tokens seeing three-digit benefits last week.


Axie Infinity's Ronin Bridge was robbed of more than $ 600M


According to the official Twitter series Axie Infinity for Discord and Ronin Network, and its Substack page, the Ronin bridge and the Katana trade have been suspended following the exploitation of 173,600 Ether (ETH) and USD Coin (USDC). ) $ 25.5 million plus $ 612 million at Tuesday prices.


In a statement, its developers said "they are currently working with law enforcement officials, forensic cryptographers and our investors to ensure that all funds are available or refunded. All AXS, RON and SLP [tokens] in Ronin are currently secure.


Binance introduces Binance Bridge 2.0 to integrate CeFi with DeFi


On Tuesday, cryptocurrency exchange Binance announced the release of Binance Bridge 2.0. The feature enables users to integrate assets from any blockchain, including tokens not included in the Binance app, to the BNB Chain. Binance listed bridge tokens will be stored in Funding or Spot Wallet, while unlisted bridge tokens will be transferred to Finding Wallet only.


Users can connect or lock tokens between their native blockchains and BNB Chain with regular deposit and withdrawal activities. In the future, Binance also plans to create a better version of its mobile system so users can simplify such conversions with a single click.




MetaMask releases Apple Pay integration with other iOS updates


MetaMask owned by ConsenSys posted on Twitter a series of updates for iPhone and Apple Pay users on Tuesday. A key factor is the ability to purchase cryptocurrency using a debit or credit card via a mobile app, eliminating the need to transfer ETH from intermediate exchanges such as Coinbase to the system.


MetaMask uses two payment gateways, Wyre and Transak, to support debit and credit card transactions. Users can now use their Visa and Mastercard credit cards stored in Apple Pay to purchase ETH and deposit a daily limit of $ 400 into their wallets thanks to the Wyre API.




TVL DeFi sector rises as investors return to active crypto market


March has become a two-half myth in the cryptocurrency market, and the weaknesses seen since the beginning of the year are beginning to fade. The strong movement of Bitcoin (BTC) above the $ 40,000 level helps raise concerns throughout the industry, while DeFi tokens are also starting to go up.


Data from cryptocurrency market intelligence company Messari shows that most of the top tokens in the DeFi sector have sent a double-digit profit over the past 30 days, led by THORChain (RUNE), which has increased by 199.81%, and Aave, price increased by 53.95%



DeFi market overview


Analysis data shows that the total DeFi lock total exceeded another $ 3.6 billion last week, reaching $ 133.6 billion at the time of writing. Data from Cointelegraph Markets Pro and TradingView revealed that the top 100 DeFi tokens in market capitalization have worked well in the past seven days, many sign up for a two-digit profit and few even see a three-digit increase.



The weekly performance of most tokens appears to be bullish, with RUNE leading the way again this week, registering a 46% price increase last week, followed by Aave with 41%, and PancakeSwap (CAKE) with a 35% breakout. .



The Ronin bridge scandal led to the theft of more than $ 600 million tokens and a dramatic change when people realized the abuse actually took place six days before it became public on March 29. The abuser after the attack did not just withdraw millions of dollars. ETH but also shortened the Axie Infinity token in the hope that when news about the hack became public, its price would drop.



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