Everything You Need to Know About BEP-20 Tokens

BEP-20 tokens are a token standard on the Binance Smart Chain (BSC), similar to Ethereum's ERC-20 tokens. They enable the creation and management of various digital assets like stablecoins and NFTs, offering benefits such as low transaction fees, fast processing speeds, and interoperability across BSC applications. Developers can customize these tokens through smart contracts written in Solidity, making BEP-20 tokens versatile for use in decentralized finance (DeFi), governance, and other blockchain applications.

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#BitGo is launching $USDS in 2025, aiming for $10B in assets by rewarding liquidity providers

Unlike other #stablecoins , #USDS offers monthly returns from reserves to participants

BitGo promises transparency with real-time proof of reserves and monthly audits.

https://coinpedia.org/news...

#FTX received $6.3M USDT from #okx amid #SEC opposition to #stablecoin distributions

SEC’s stance on stablecoins remains unclear, despite past regulatory losses

FTX plans to repay creditors $14.5B-$16.3B by year-end, boosting market liquidity.

https://coinpedia.org/news...

#crypto market crashes with $300M in liquidations; #bitcoin down $96M, #Ethereum $103M

Open interest drops sharply from $34.72B to $30.79B

#stablecoins market cap hits $166B, hinting at potential recovery

https://coinpedia.org/news...

$TRX surged 22%, reaching its 2021 #ATH , overtaking #Cardano in market cap

#tron 's TVL hit $8.74B, driven by strong #stablecoins and meme coin activity

Tron #MemeCoins ' market cap reached $327M, marking a new trend in #crypto

https://coinpedia.org/news...

#Russia is launching #crypto exchanges in Moscow & St. Petersburg to boost foreign trade

A new #stablecoin linked to the Chinese yuan & #brics basket will be introduced

exchanges & stablecoins face potential risks from sanctions & regulatory challenges

https://coinpedia.org/news...

BIS tightens rules for stablecoins like $USDT, $USDC

Banks favor permissioned over permissionless #stablecoins

New regulations create uncertainty in stablecoin market

Impact: Potential crackdown on widely-used stablecoins

https://coinpedia.org/news...

#Fantom wins $2.19M lawsuit for 4.175M undelivered $FTM tokens

Breakdown: $58K for #stablecoins , $2.13M for FTM

Security breach led to $127M loss in July 2023

Third-party liquidator appointed to recover lost funds
https://coinpedia.org/news...

Which #crypto dominate in H1 2024?

Fiat-collateralized stablecoins hold 96.6% market dominance

$USDT and $USDC grow significantly, $USDe surges 934%

Senators propose #stablecoin regulation bill

#ripple plans to launch its own stablecoin pegged to USD

https://coinpedia.org/rese...

#stablecoin supply on #Ethereum hits $78B, showing increased confidence

Surge began in Nov 2023, rising from $65B to $78B by July 2024

Growth driven by #defi adoption and Ethereum's stability
#EthereumETF approval could further boost stablecoin inflows.
https://coinpedia.org/news...

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US behind in #stablecoin rules, $Tether's sway raises concerns
Stablecoins stabilize amidst complex US regulations
DGorfine sees opportunity in US-backed stablecoins
Dual banking model proposed for simpler regulation

The global #crypto market cap is $2.64T up 3.23% from the previous day

The total market vol in the past 24hr is $91.02 billion, an increase of 16.16%

DeFi makes up $6.77B of the 24hr market volume, which is 7.44% of the total

The volume of all #stablecoins is $85.26B

Uniswap Foundation postponed the May 31 vote on UNI staking and delegation rewards due to stakeholder concerns.

The delay aims to ensure thorough review of the sensitive proposal before proceeding.

Critics argue the delay undermines decentralized governance by revealing significant VC influence.

The foundation holds $41.41M in fiat and stablecoins, with recent grant commitments totaling $4.34M.

☕️ Good morning! Here are the top crypto news from the past 24 hours:

🟠 Donald Trump promised to pardon Ross Ulbricht, opposed central bank digital currencies (CBDCs), and supported self-custody during a speech at the Libertarian Convention.

🟠 Regulators from Argentina and El Salvador met to discuss Bitcoin adoption, exploring ways to collaborate and regulate digital assets.

🟠 Friendtech's token price fell over 20% after co-founder Racer hinted at leaving the Ethereum Layer-2 network Base.

🟠 Ethereum developers plan to release the Pectra upgrade by early 2025, which will include several improvements to the Ethereum Virtual Machine (EVM) and higher staking limits.

🟠 Nomura and Laser Digital are partnering with GMO to explore issuing yen- and USD-backed stablecoins in Japan.

🟠 MicroStrategy founder Michael Saylor said the approval of spot Ethereum ETFs would help Bitcoin by making it more legitimate and attracting institutional investors.

🟠 Tornado Cash co-founder Roman Storm’s defense team filed motions to dismiss charges and challenge evidence, citing overreach by prosecutors and violations of the Fourth Amendment.

🟠 The Uniswap Foundation reported it holds $41.41 million in cash and stablecoins, 730,000 UNI tokens, and plans to vote on a fee mechanism by May 31.

🟠 Several crypto influencers and celebrities on X were hacked, promoting tokens like Luna2 and ORDI, raising concerns about account security.

🟠 Cristiano Ronaldo is launching his 4th NFT collection with Binance on May 29, despite being involved in a $1 billion lawsuit related to previous NFT sales.