This Week in Signal Teams - Elrond, 0x, Persistence
Every week we comb through hundreds of FTX Signals to bring you the most significant team updates with brief analyses to help you understand the latest developments in blockchain.
Macro Crypto News This Week
Crypto Exchange FTX to Offer Zero-Commission Stock Trading
Jack Dorsey’s Block to Sell Open-Source Bitcoin Mining ASIC
Ethereum’s Main Testnet Set for PoS Merge in Early June
Spotify Starts Trialing NFTs on its Platform
Japan’s Largest Investment Bank Nomura to Launch Crypto Arm
El Salvador Welcomed 44 Central Bankers to Talk Bitcoin
a16z Launches $600 Million Fund to Invest in Gaming Industry
Panama’s President Will Not Sign Crypto Bill into Law ‘at this moment’
Louisiana Lower House Passes Bill for Banks to Custody Crypto
Top FTX Signals This Week
Elrond Integrates with TradingView
Prysm Chooses 0x to power the NFT Marketplace for Squads
Persistence Announces Strategic Investment from Binance Labs
Elrond Integrates with TradingView
“30+ Million Traders Can Now Get Insights Into The Elrond $EGLD DeFi Ecosystem Via TradingView.”
— Lucian Mincu, Founder & CIO
Summary
TradingView, the leading charting and collaboration platform for investors and traders, has completed the full integration of Maiar Exchange token pairs in its services.
TradingView enhances the trading experience for more than 30 million monthly users. The platform offers real-time charts, alerts, analysis, and other essential resources for trading on stocks, forex, commodities, cryptocurrencies, and other markets.
Significance
The integration is important for Elrond because it gives investors and traders everywhere access to deep insights about our DeFi ecosystem, enabling them to discover and engage with digital assets.
Price at the time of FTX Signal: $88. View EGLD on FTX.
Prysm Chooses 0x to power the NFT Marketplace for Squads
“We chose to use 0x because of three reasons: track record, security, and customer support. Hear from Prysm about their recent beta launch of NFT Squads and 0x v4 NFT swap integration in our latest 0x Ecosystem spotlight post!”
— Brent Oshiro, Head of CX and Comms
Summary
Prysm is a group ownership platform that provides communities a way coordinate and build equity to not only create collective wealth but also shape culture in ways that previously were not possible.
Prysm is bringing group ownership to the masses through NFT Squads: the fastest, most fun way to collect, own and flex NFTs with friends.
They chose to use 0x because of three reasons: track record, security, and customer support. Developers can use 0x to add flexible, multi-chain exchange functionality into their applications and create new markets for all tokenized assets, including cryptocurrencies, DeFi tokens, and NFTs.
Significance
Prysm selecting 0x is a nod of confidence in the ability of 0x to handle the complexities of the rapidly evolving NFT space. In particular, it highlights their capability to allow partners like Prysem to rapidly iterate, fix issues, and deliver value in hours, not weeks.
Price at the time of FTX Signal: $0.42. View ZRX on FTX.
Persistence Announces Strategic Investment from Binance Labs into pSTAKE
“BinanceLabs, the venture capital and incubation arm of Binance, has made a strategic investment in pSTAKE.”
— Abhitej Singh, Head of Marketing and Community
Summary
Persistence will collaborate to bring liquid staking to the $BNB community and foster the growth of DeFi innovation in the BNB Chain ecosystem.
Users will be able to stake native BNB tokens on the pSTAKE platform to mint stkBNB, which can then be leveraged across other compatible DeFi protocols to earn additional DeFi yield, in addition to staking rewards.
Significance
This is expected to bring more liquidity, utility, and DeFi applicability into the BNB Chain ecosystem. It is a significant stepping stone on the path of Persistence to creating a comprehensive and robust liquid staking ecosystem. It is also significant given the size of BNB, as a top 5 token ecosystem.
Price at the time of FTX Signal: $1.54. View XPRT on FTX.
Quote of the Week:
“So, let’s get this straight. The Wall Street Journal, a company worth $5 billion with 3.5 million readers, says that Bitcoin, an asset worth $575 billion and over 80 million users, is a ‘failed experiment’. I guess sometimes stats don’t help a story.”
— James Lavish
Charts of the Week:
The amount of supply that hasn’t moved in at least a year continues to climb to new all-time highs, reaching over 65%.
Thanks for joining us and we look forward to bringing you our top FTX Signals again next week.
Jason Hamlin
Ecosystem Insights @ FTX
FTX Signal is a first-of-its-kind communications platform built exclusively for token teams to connect and engage with their communities. Over 1,000 token team CEOs and team leaders actively use the platform to provide relevant project updates directly to FTX’s 6 million+ users. Learn more.
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