Connect with us
  • tg

Cryptocurrency

CoinList to Develop the DePIN Market with the First DePIN Collaboration with U2U Network this Q4

letizo News

Published

on

[PRESS RELEASE – HO CHI MINH, Vietnam, November 17th, 2024]

Recently, CoinList conducted a poll asking users, “What category of projects do you want to see most on CoinList?” underscoring growing interest in decentralized infrastructure solutions. Following this, CoinList announced an exciting partnership with U2U Network, a DePIN-focused Layer 1, for an exclusive pre-listing campaign.

DePIN – More than just a trend

Decentralized Physical Infrastructure Network (DePIN) is emerging as a technology aimed at shifting how infrastructure is managed. By decentralizing services like computing, energy, and telecommunications, DePIN seeks to offer scalability, resilience, and cost-efficiency beyond what centralized systems typically provide.

This innovation represents a new phase of technological progress—one that broadens access and creates opportunities for communities historically excluded from economic growth. DePIN’s impact is set to be significant

As of November 2024, the DePIN sector boasts a market capitalization exceeding $33.6 billion, according to CoinGecko. Venture capitalists are increasingly investing in DePIN projects, indicating strong interest in the sector. A 2023 report by Messari values the market potential for DePIN at $2.2 trillion, with projections to reach $3.5 trillion by 2028. To date, DePIN projects have collectively raised over $1 billion in funding, reflecting growing investor confidence in this area.

CoinList, the top 1 IDO platform in crypto, acknowledged the potential of DePIN and joined the market with many successful DePIN projects such as Filecoin, NATIX, Koii, peaq, etc. After the recent successful listing period of Peaq, CoinList has just announced its new collaboration with U2U Network, the leading DePIN Layer1 in Asia, for a new pre-listing campaign.

Coinlist x U2U Network: U2U Incentivized Mainnet Saga Campaign

U2U Network, backed by Kucoin Ventures, Chain Capital, IDG Blockchain, JDI, Cointelegraph, Crypto Assets Japan, and V3V Ventures, stands as the only DePIN project selected for collaboration by CoinList in Q4 2024, a clear sign of its innovation and leadership. As a modular Layer 1 network, U2U Network uses advanced directed acyclic graph (DAG) technology and Ethereum Virtual Machine (EVM) compatibility to provide fast transactions and quick finality.

U2U Network aims to address the fragmented nature of the DePIN market, where full integration across applications is rare. Its vision is to create a complete blockchain solution for DePIN. The network’s unique subnet technology allows for the creation of customizable, independent sub-networks that offer scalability and flexibility tailored for DePIN applications. This design provides high performance, strong security, and adaptability, giving developers the tools to build and launch DePINs efficiently while enabling users to connect, contribute, and earn from various DePIN projects.

CoinList’s partnership with U2U Network reflects their shared commitment to advancing the DePIN sector. This collaboration is highlighted by the U2U Incentivized Mainnet Saga Pre-listing Campaign, marking a key step in driving the growth and adoption of DePIN technology. With a way to earn with This campaign to get access to $U2U tokens before they hit the market.

Users now have an opportunity to earn $U2U tokens by bridging $USDT on Owlto Finance to receive $pUSDT and then staking $pUSDT in the U2U Incentivized Staking Pool. A reward pool of 10,000,000 $U2U tokens has been allocated for this initiative.

Timeline: 90 days, from 12th Nov 2024 to 10th Feb 2025

For more information, users can visit: https://mainnetsaga.u2u.xyz/

Beyond its partnership with CoinList, U2U Network is set to embark on an ambitious campaign with Bitget, a world-leading cryptocurrency exchange and Web3 innovator. This collaboration marks another significant step in U2U Network’s mission to expand its reach and influence within the DePIN ecosystem. Stay connected with U2U Network’s social channels for upcoming details about this exciting venture.

The Future Goes On

As excitement builds across the community from U2U Network’s pre-listing campaigns, the anticipated listing is set to launch in Q4 2024. With its vision to be a comprehensive blockchain solution for DePIN, U2U Network is poised to take the blockchain space by storm, bringing robust innovation and value to its ecosystem and users alike. As the listing approaches, the path forward for U2U Network promises exciting opportunities and impactful contributions to the blockchain industry and beyond.

About U2U Network:

U2U Network is a modular L1 with subnet technology that perfect fit for DePIN. Their backers include Chain Capital, IDG Capital, Cointelegraph, JDI Ventures, Kucoin Venture, V3V Fund, Web3Port, and others. The project has also entered into partnerships with AWS, Klaytn Foundation, IoTex, Waterdrip Capital, Chain Catcher, etc. KOLs that have invested in U2U Network are KongBTC, Romano, ImNotTheWolf, Crypto Buzz, Antony, etc.

Mainnet is ready with more than 180K wallet addresses. DePIN Subnet launched with U2DPN product with more than 155K downloads, 59K contributer nodes, and 9K DAU in 3 months of launching. 80 dApps committed to building on chain (EVM-compatible) range from crypto applications (Defi, Gamefi, SocialFi, etc) to real-world scenarios (Storage, data mining, etc), and over 40 DePIN project signed MOU and under integration, 25 other projects in the pipeline.

About the host VTIS

Vietnam Tech Impact Summit 2024 (VTIS) – The Premier Tech Event in Vietnam.

VTIS is a hub for transformative innovations, serving as “The gateway to Vietnam’s emerging technology market”. VTIS connects global experts, businesses, investors, and tech enthusiasts across technology sectors. Focusing on 4 themes—Fintech, AI, Blockchain, Gaming, VTIS will unlock market access, partnerships, and investment opportunities for startups. Hosted by SSI and FPT Group and Organized by SSID.

Website: Vtis.io

REFERENCE:

  • Top depin coins by market cap (no date) CoinGecko. Available here (Accessed: 12 November 2024).
  • Kassab, S. (2023) The DePIN Sector Map, Messari Crypto News. Available here. (Accessed: 12 November 2024).
  • The all-time top 8 most funded Depin projects (in US $ million). Available here. (Accessed: 12 November 2024).
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

Cryptocurrency

Which 3 Trading Pairs Did Binance Just Remove?

letizo News

Published

on

TL;DR

  • Binance has scheduled the removal of three spot trading pairs for August 15.
  • In contrast to the delisting effort, the exchange launched AIO/USDT and XNY/USDT perpetual contracts with up to 50x leverage.

The Latest Amendment

Binance conducts periodic reviews of all listed spot trading pairs and sometimes delists some due to factors like poor liquidity and volume.

Most recently, it announced the removal of ANIME/FDUSD, HYPER/FDUSD, and STO/BNB. The pairs will be effectively scrapped from the platform on August 15

“Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses,” Binance recommended.

The exchange revealed that the delisting does not affect the availability of the tokens on Binance Spot. It said clients “can still trade the spot trading pairs’ base and quote assets on other trading pair(s)” that are available on the platform.

Typically, the withdrawal of support from a crypto behemoth like Binance has a negative impact on the prices of the affected cryptocurrencies. This wasn’t the case here with ANIME jumping by 16% daily, while HYPER and STO posted more modest gains.

Their rallies coincide with the broader resurgence of many of the well-known altcoins. Ethereum (ETH) is up 8% on a 24-hour scale and currently trades above $4,700, while Solana (SOL) soared by 15% to surpass $200.

Other Updates

Earlier this month, Binance announced a zero-fee trading promotion for VIP 2-9 users and spot liquidity providers. The campaign will cover the BNB/USDC, ADA/USDC, TRX/USDC, and XRP/USD trading pairs and will run from August 12 until October 11

Just a few hours ago, the company launched AIO/USDT and XNY/USDT perpetual contracts with up to 50x leverage. These products allow users to bet on the price of the aforementioned cryptocurrencies without owning them, and have no expiration date.

OlaXBT (AIO) experienced a major uptick of almost 50% shortly after the disclosure. After all, the support from Binance increases the asset’s liquidity and visibility, providing it with a solid reputational boost.

AIO Price
AIO Price, Source: CoinGecko

However, Codatta (XNY) headed in the opposite direction. It currently trades at approximately $0.015, representing a 20% decline on a daily scale. 

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Ripple’s XRP Eyes $8 as Chart Echoes Legendary 2017 Rally

letizo News

Published

on

TL;DR

  • XRP reclaims $3.15 support, testing the breakout level that could push the price toward $3.40 next.
  • Analysts compare the current XRP rally to the 2017 bull run, projecting a possible surge toward $6–$8.
  • Daily transactions have dipped despite price gains, suggesting that fewer but larger trades drive the current market momentum.

Price Extends Gains After Legal Settlement

XRP was trading at $3.3 at press time, up 4% in the last 24 hours and 12% over the past week. Trading volume is about $8.2 billion. The rally follows the conclusion of the long-running case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), with both sides formally dropping appeals.

Meanwhile, the end of the legal dispute has brought renewed institutional interest. Additional developments have supported sentiment, including Blue Origin adding XRP as a payment option and SEC approval for Ripple’s updated Regulation D exemption, easing certain fundraising restrictions.

Analysts See Path to $6–$8

MikybullCrypto said, “$XRP about to fly to $6–$8 and then cycle top.” The monthly chart shows a breakout from a prolonged consolidation phase, similar to the pattern before the late-2017 rally. The asset has cleared the $2.60–$2.80 zone, while a long-term moving average is trending upward toward the projected target range.

Momentum readings are close to historical highs seen before prior market peaks. In 2017, similar conditions preceded XRP’s cycle high.

Additionally, Crypto Eagles noted XRP has regained the $3.15 support zone after filling a Fair Value Gap (FVG). The asset is now pressing against a descending trend line. A confirmed move above $3.32 could open the way toward $3.40, with $3.40–$3.41 marked as near-term targets.

Maintaining $3.15 as support is viewed as important for sustaining the bullish structure. A drop below it could see the price revisit $3.10 or $3.00.

On-Chain Activity Trends Lower

Data from Glassnode shows XRP processed 1.44 million transactions on August 12. This is well below the early July high of more than 2.2 million. Transaction counts have generally declined since mid-July, even as prices have recovered from early August lows.

glassnode-studio_xrp-number-of-transactions
Source: Glassnode

This trend suggests that recent gains may be driven more by larger trades and positioning than by an increase in network-wide activity.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Ethereum (ETH) Within Striking Distance of 2021 Peak Amid Retail Disbelief

letizo News

Published

on

Ethereum has witnessed exceptional growth this quarter. It has surged over 8% in the past 24 hours alone to trade above $4,600.

But retail traders remain in “disbelief” as the altcoin edges closer to its all-time high, now just 6.3% shy of the $4,891 record from November 16, 2021.

Retail Fear

Despite the rally, smaller investors have continued selling rather than buying. According to the latest data shared by Santiment, this move echoed a sentiment trend historically linked to price moves opposite retail expectations.

While pullbacks followed extreme greed in June and July 2025, current sentiment is dominated by fear, uncertainty, and doubt even as the leading altcoin logs new highs.

With larger players steadily absorbing the coins sold by smaller holders, the crypto analytic platform believes ETH has little sentiment-based resistance before potentially climbing to its historic peak and exploring new price levels.

Altcoin Vector, for one, observed that Ethereum’s new peak “is only a matter of time,” and when the crypto asset breaks a significant technical barrier, it often sparks a market rotation, where capital flows from Bitcoin or stablecoins into altcoins. This is particularly true for those closely tied to Ethereum’s ecosystem.

The platform revealed that ETH’s breakout is not only bullish for itself but also acts as a catalyst for narratives like Liquid Staking Derivatives (LSDs), DeFi protocols, and ETH-Beta tokens. A weekly close above the all-time high would validate the breakout on a higher timeframe, which could potentially lead to more upside pressure and usher in the “next phase” of the cycle.

Price Targets

Ethereum’s daily transactions have reached a record 1.875 million. This is a “confluence point,” as price approaches a major supply area, while network fundamentals show peak activity. A decisive breakout above $4,750, supported by a steady transaction momentum, could trigger a new price discovery phase.

On the other hand, strong seller defense may lead to short-term consolidation or a pullback toward $3,950.

Meanwhile, Ethereum’s long-term holder sentiment also shifted from capitulation to belief, which can be a sign of early bullish cycle stages. Experts say that reduced selling pressure and stronger holding behavior set a favorable backdrop for price growth. According to crypto analyst Ali Martinez, ETH’s next hurdles are $5,210 and $6,946, respectively.

In terms of other network fundamentals, new smart contract creation hit an all-time high following the Pectra upgrade. As such, continued developer activity, surging DeFi and NFT usage, and record contract growth strengthen the case for Ethereum’s next upward leg toward these resistance targets.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved