Ascendex

🤖️TL;DR: Automatic Market Makers are protocols that use asset pairings in liquidity pools to facilitate asset swaps.

In today’s Discover:
💻The basic algorithm
💰Liquidity Pools (LPs)
⛰️The goal of

👇Learn More
https://ascendex.media/3gc6IUZ

What are Automated Market Makers (AMMs)? - AscendEX Have you been in the trustless area of crypto? Then you’ll have already been exposed to protocols like Uniswap, Orca, or 1inch. These are decentralized exchanges that use algorithmic market-making to provide liquidity. Briefly Explained Automatic Market Makers are protocols that use asset pairings...

🥞Compare to other competitors, Maple Finance appears to have finally found a way to link TradFi, DeFi, and CeFi with Retail.

Today’s Discover:
❓How does Maple work?
🤝Relationship with Retail
💰$MPL token

👇Learn More
https://ascendex.media/3EFPB7a
👇Buy $MPL
https://ascendex.media/3TLfkzs

What is Maple Finance – Sweet TradFi Rails - AscendEX The landscape for lending and borrowing in crypto is hyper-competitive. There are few organizations that have managed to crack the rails between larger institutions, while simultaneously linking this with permissionless retail crypto investing. Crypto Twitter is always abuzz with “the institutions...

🎨 We already analyzed the hype behind the NFTs. Now let's deep dive into some NFT terminology!

In today's Discover:
🔑Public and Private Keys
📖Zero-Knowledge Proofs
🪪Digital Identities (DIDs)

👇Learn More
https://ascendex.media/3EwoETg

NFT Futurism – Keys, ZKs, and DIDs - AscendEX There are three main concepts I want to lightly introduce and then expand upon. I will be attempting to peek into the future of NFTs, and find the non-BAYC, monkey-free layer of sweet, sweet future tech. Don’t worry if this seems overwhelming at first; it’s all really quite simple. In fact, from...

📷 is one of the most popular urban exploration photographers, and probably the most popular one in the space.

Today’s Discover:
👀 Isaac Wright
🎨 “Where My Vans Go”
🔍 “First Day Out”

👇Learn more
https://ascendex.media/3hwovGG

Who is Isaac ‘Drift’ Wright? - AscendEX Get Busy NFTing or Get Busy Dying: Isaac ‘Drift’ Wright Drift, the artist formally known as Isaac Wright, is one of the most popular urban exploration photographers. He’s probably the most popular urban photographer in the NFT space. Though his career is still young, his early life tested his ...

🤔️L2 is not just for ETH. It’s a blockchain scalability solution that enables increased throughput and cheaper transactions on its associated L1.

Today’s Discover:
❓Why do we need L2s?
💡What are L2s?
⛓️Types of L2s

👇Learn more
https://ascendex.media/3fKPEVG

What are layer 2s in crypto? Why are they important? - AscendEX What are Layer 2s? A Layer 2 (commonly abbreviated as L2) is a blockchain scalability solution that enables increased throughput and cheaper transactions on its associated layer 1 (L1) while maintaining the security guarantees of the base blockchain. L2s may theoretically be associated with any L1,....

🎉 Your step-by-step guide to earning SAT rewards with our brand-new user rewards program!

Featured in today’s Discover:
👣 Keeping track of your rewards
⛽️ Boosting your rewards
👛 Redeeming your rewards

Learn more 👉 https://ascendex.media/3UDXv69
Start mining $BTC 👉 https://ascendex.media/3hao2cO

What is AscendEX SAT Rewards and Bitcoin Mining? - AscendEX AscendEX SAT Rewards and Bitcoin Mining rewards you with BTC for completing tasks on the AscendEX site. These tasks range from easy ones, such as logging onto the site once a day, to difficult ones, such as making a trade worth over 5000 USDT. After completing a certain number of tasks, you can then...

Do you know the denomination of a Bitcoin: The Satoshi?

Featured in today's discover:
❓ What is a Satoshi?
⛽️ SATs in Action
🎉 Good news! AscendEX's New User Promotion program gives you the opportunity to earn SATs 👉 https://ascendex.media/3hao2cO

👇Learn more
https://ascendex.media/3FPz5CG

What is a Satoshi (SATs)? How are they used? - AscendEX Journey to your First Bitcoin: The Satoshi Two years ago, everyone enjoyed the bull run up from 10K USD to 60K USD for Bitcoin. It was a euphoric pump in price that most people missed out on. Whether you achieved financial freedom or not, two things were clear: People believe in BTC. They are willin...

⛰️ Notice something new?

It's our brand-new user rewards program👉 https://ascendex.media/3hao2cO

Here's this week's !

💰 begins moving $USDC reserves into a new BlackRock fund

Circle, one of the issuers of the USDC stablecoin, has an agreement with BlackRock to manage its USDC reserves. The two parties announced this week that the reserves will be moving into a dedicated fund set up by BlackRock.

However, the new fund will be temporary, as the ultimate goal is for BlackRock to place Circle’s funds into the Federal Reserve’s reverse-repo program.

https://bit.ly/3TboIfo

🏦 JPMorgan Chase & Co. executes its first DeFi trade using a public blockchain

JPMorgan Chase executed its first live trade on a public blockchain, signaling a tacit retreat from its long-held private blockchain approach.

The trade occurred as part of the Monetary Authority of Singapore (MAS) Project Guardian pilot. The two trials leveraged Aave and Uniswap on the Polygon blockchain.

For FX transactions, JPMorgan successfully tokenized Singaporean dollar (SGD) deposits, while SBI Digital Assets tokenized Japanese yen (JPY) assets.

In the second trial, DBS and SBI Digital Assets traded against liquidity pools of tokenized government bonds with DBS tokenizing SGD and Singapore bonds. SBI did the same for Japanese bonds and JPY currency.

https://bloom.bg/3WxjGg1

📱 Instagram plans NFT minting, trading tools

Instagram will soon offer built-in NFT creation and trading tools, but said in-app purchases will be “subject to applicable app store fees.”

At launch, Instagram will use the Polygon blockchain for NFT minting. The app will also pull NFT metadata from OpenSea so collection names and descriptions can be viewed on Instagram.

Today, Facebook and Instagram support displaying NFTs on the Ethereum, Polygon, and Flow blockchains, allowing users to connect their wallets to their accounts to display NFTs. Support for Solana and Phantom wallets is coming.

https://bit.ly/3sXPtcq

⚛️ Cosmos ($ATOM) recently released a new whitepaper, ATOM 2.0.
Let’s deep dive into the ecosystem!

In Today’s Discover:
🔍Cosmos 1.0 recap
🛡️Cosmos Security
⛓️Interchain Allocator

👇Learn More
https://ascendex.media/3TXjh55

What is Cosmos (ATOM) 2.0? - AscendEX Cosmos ($ATOM) recently released a new whitepaper that provides a renewed roadmap for the “Internet of Blockchains.” The whitepaper, aka ATOM 2.0, goes through several key changes to the Cosmos Hub and details how they will impact the broader Cosmos ecosystem and $ATOM. Cosmos 1.0 Recap Cosmos.....

📱The future of is your mobile device!

Featured in today’s Discover:
🔍Top 3 crypto phones to explore
🪀dApps
❓The main difference between the phones

👇Learn More
https://ascendex.media/3D9Vbg6

Crypto Phones & Blockchain: Beginners Guide to Web3 Devices - AscendEX Mobile is first, always. At least that’s what they tell you on nearly any podcast, founder interview, or from people trolling on Twitter. The future crypto growth markets are most likely to emerge from countries located outside the G7 nations. It is more and more obvious that mobile dApps are the ...

🪄Cryptocurrency doesn't just benefit the end consumer; it also benefits creators.

Featured in today's Discover:
📱Democratizing the $100B creator economy
💃New avenues for monetization
🎤New experiences for fans

👇Learn more
https://ascendex.media/3gxpNk6

Cryptocurrency – The Future of the Creator Economy - AscendEX Content creators have long benefited from big tech’s monetization of social media platforms. However, several recent studies have found that the algorithms designed by these companies tend to benefit the platform rather than the creator. As the availability of low-cost decentralized infrastructure...

Throwback to one of the most fundamental concepts: what is blockchain?

Featured in today’s Discover:
❓What is blockchain technology?
🔩How the blockchain works
🤝The new technology of trust

👇Learn more
https://ascendex.media/3yXpp4U

Blockchain 101 - AscendEX Blockchain is a huge buzzword right now in the media. Currently, it’s most popularly used as a distributed ledger for cryptocurrencies, like Bitcoin or Ethereum. But – The technology can be embedded into a variety of different use cases and industries. We all hear about it, but the majority of u...

🌐We just listed $APT as our latest trading asset. So let’s deep dive into the project.

Featured in today’s Discover:
❓What is ?
❓What is ?
🤝The comparison

👇Learn more
https://ascendex.media/3Sizr7j
👇Wanna trade $APT?
https://ascendex.media/3TLvGZn

Aptos vs Sui, What’s the Difference? - AscendEX Ever since Solana Summer took the cryptosphere by storm, degens alike have eagerly awaited the arrival of similarly fast, low-fee L1s that “just feel like the web2 internet of old.” Well, wait no longer. There’s currently a fervor surrounding two new layer 1s: Aptos and Sui. Neither has gone l...

Here's this week's !

💻Decentralized social media project Bluesky unveils their latest protocol
Twitter founder Jack Dorsey's decentralized social media project, Bluesky, announced on Twitter that it's changing its name from "ADX" to the Authenticated Transport (AT) Protocol and also provided new documentation on the scope of the initiative.

To explain its "federated network" model, Bluesky offered an example where many sites run the protocol, and users may choose among providers. In turn, individuals or businesses can choose to self-host.

https://bit.ly/3VReHGX

🏦 Fidelity Investments Digital Assets will begin offering $ETH to institutions later this month

Starting October 28, Fidelity will start offering institutional customers the ability to buy, sell and transfer ETH. This latest move follows a string of crypto-related announcements coming out of Fidelity in recent weeks.

The Wall Street Journal separately reported that Fidelity Investments was looking to launch BTC trading for retail customers on September 12. Fidelity Digital Assets, Charles Schwab, and Citadel Securities then said they were launching a digital asset exchange called EDX Markets a day later.

https://bit.ly/3eMWBoR

🏠South Carolina house sells as NFT for $175,000

A real estate investor purchased a three-bedroom house in South Carolina via an NFT marketplace over the weekend for $175,000 paid in USDC.

The purchase was made via Roofstock onChain, the web3 subsidiary of real estate company Roofstock. The buyer was able to buy the title-insured property with one click.

"The sale of the NFT results in a change in the ownership of the LLC, and thus the underlying property," a company spokesperson said.

https://bit.ly/3SnMdBq

We all heard about the hack, and we should get to know it more profoundly.

Featured in today’s Discover:
💰 , the issuers
💻 Alex Pertsev, founder of Tornado Cash
❓DPRK

👇Learn more
https://ascendex.media/3MvFXpS

What is Tornado Cash? - AscendEX On August 8th, 2022 – The US Office of Foreign Assets Control (OFAC) issued sanctions targeting North Korean funds illicitly obtained via hacks, phishing scams, and other illicit measures. Strangely the sanctions were levied against open-source “privacy-enabling” code and not any specific pers...

🎉TGIF!
Here's this week's we want to share with you.

🏦 Oldest bank in the US, BNY Mellon, launches crypto custody service.

Founded by Alexander Hamilton, BNY Mellon is now the first large US bank to safeguard crypto assets.

BNY Mellon won the approval of NY's financial regulator to begin receiving select customers' crypto starting this week. The bank will store the keys required to access and transfer those assets and provide the same bookkeeping services on those digital currencies that it offers to fund managers for their portfolios of other assets.

https://on.wsj.com/3evR7OW

🎨 beeple announces a physical studio space for .

On Thursday, the legendary NFT artist announced a physical studio space being built in his home base of Charleston, South Carolina. He included a sped-up video – titled "BUILD" in all caps – showing a massive warehouse space undergoing a refitting. He also wrote that showcasing digital art in the physical world might be exactly what the NFT market needs amid the recent downturn.

https://bit.ly/3VsqY4a

✍️ eliminated commercial paper from reserves.

In a series of tweets, Tether said it had eliminated more than $30 billion of commercial paper. Tether used some of the proceeds, more than $10 billion, to increase its US Treasury holdings.

Tether said the move ensures it has a "diversified portfolio with limits to exposure to higher-risk assets." The announcement removes a key source of FUD surrounding the quality of Tether's reserves and was roundly celebrated by the crypto community, which has been on edge ever since the Terra crisis in May.

https://bit.ly/3CxO7d6

America’s Oldest Bank, BNY Mellon, Will Hold That Crypto Now It is the first large U.S. bank to safeguard digital assets alongside traditional investments on the same platform.

❓So what’s ? Who created it? Let’s dive into the story behind $SOL…

Featured in today’s Discover:
👆The beginning
📖Proof-of-History
✨The state of modern

👇Learn more
https://ascendex.media/3CvTvNT
📈Wanna buy $SOL?
https://ascendex.media/3CuX9r9

What is Solana (SOL)? The Recipe for a Layer 1 - AscendEX History of Solana The concept of the ETH killer, though juvenile, is a sort of holy grail accolade in the cryptocurrency space. During last year’s bull market every Layer-1 was a potential ETH killer and thousand-timer. But then again so was every other token with a market cap. Solana was created ...

Let’s separate politics from opinion and look at how Senator Cynthia Lummis contributes to the legislation.

Featured in today’s Discover:
🤝Wyoming and Crypto
👩‍⚖️Lummis–Gillibrand Bill
🔮 Crypto and Government

👇Learn more
https://ascendex.media/3eiOdgF

Cynthia Lummis and Crypto Banks - AscendEX When writing a profile on a sitting US Senator, it is necessary to separate the politics from the opinion. Anyone that reads a bio on Cynthia Lummis will learn that she was born in the US State of Wyoming, has degrees in Animal Science, Biology, and a Doctorate in Law. She gets an A+ from...

TL;DR: ‘Shadow Drive’ is a product from GenesysGo. What is GenesysGo?

In Today’s Discover:
🔩Shadow ecosystem
🤝Shadow Drive and
🔗Shadow $SHDW

👇Learn more
https://ascendex.media/3CA6DTb

What is Shadow Drive? Solana Layer 2 - AscendEX ‘Shadow Drive’ is a product from GenesysGo and if you follow the web3 storage wars you will most likely be hearing a lot more about them soon. If you are more active in the Ethereum and EVM-compatible blockchain ecosystem you will most likely not have heard of this very interesting, decentralize...

🎉TGIF!
Here's this week's we want to share with you.

✨Kim Kardashian charged by SEC for unlawfully promoting EthereumMax.

The SEC says Ms. Kardashian did not disclose the payment of $250k received for promoting EthereumMax's token, EMAX, on her Instagram account. The star agreed to pay $1.26M in penalties.

"This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto-asset securities, it doesn't mean those investment products are right for all investors, SEC Chair Gary Gensler said in a tweet.

https://bit.ly/3T0mH62

🇪🇺The European Council passes MiCA, the EU's comprehensive crypto regulation.

The EU's landmark 'Markets in Crypto-Assets' (MiCA) regulation passed on Wednesday morning. The legislation will need to give an additional vote in the European Parliament next week. If approved, laws will go into effect at the start of 2024 at the earliest.

MiCA aims to bring crypto issuance under a regulatory framework and establish a first-time regime for crypto asset service providers across the EU.

https://bit.ly/3rC8Oj1

💰DeFi protocol MakerDAO puts $500M in treasuries and bonds.

MakerDAO, one of the first DeFi protocols, which lets users deposit crypto collateral and mint the $DAI stablecoin, announced it's moving $500M of assets into TradFi fixed-income instruments.

The MakerDAO community voted to put 80% of the fund into short-term Treasuries and 20% into investment-grade corporate bonds. The move aims to diversify MakerDAO's balance sheet and increase its resilience in an uncertain macro environment.

https://bloom.bg/3fFX5No

Kim Kardashian charged by SEC for unlawfully promoting EthereumMax Kim Kardashian has been charged by SEC for touting cryptocurrency on social media, the reality TV star will co-operate with the regulator in its ongoing investigation.

👀Before you start your journey, you should have a basic understanding of !

In Today’s Discover:
❓The need for stablecoins
💰Types of stablecoins
⚠️The risk of using stablecoins

👇Learn more
https://ascendex.media/3yl5egR

What are Stablecoins? Complete Beginners Guide - AscendEX Stablecoins are cryptocurrencies where the price is pegged to another currency, commodity or financial instrument. Cryptocurrencies have, historically, been riskier investments than traditional currencies. This is largely due to their price volatility, which has made it difficult for cryptocurrencie...

🔗Let’s explore the daily cross-chain services that travel this void between networks.

Featured In Today’s Discover:
🤝The Bridge Trilemma
💰Utility Bridge / Wrapped Tokens
👬Users role

👇Learn more
https://ascendex.media/3Ciov50

Choose your Chain: A summary of the Cross-chain Hellscape - AscendEX Your friendly neighborhood exchange offers several services and features that make operating in the crypto space easy, enjoyable, and profitable. But when you’re in this space long enough, searching for the elusive best APY, you find that every network offers a way to increase your bag and a CEX c...

🎉TGIF!
Here's this week's we want to share with you.

👮‍♀️INTERPOL HQ issues red notice for LUNA/UST founder Do Kwon.

Interpol, the world's largest international police organization, issued a red notice for Do Kwon, requesting law enforcement agencies worldwide search for and arrest the LunaTerra founder whose blockchain collapsed over the summer.

Do Kwon, whose whereabouts are unknown, penned several tweets last week and said he was "making zero effort to hide."

https://tcrn.ch/3Ma4nW9

💰Investors sell $EUR and $GBP for $BTC in record numbers on recent currency devaluations. Link.

A surging U.S. dollar has put downward pressure on other foreign currencies, hurting the purchasing power of millions of people in countries like the U.K. and France. As a result, many Europeans now appear to be turning to Bitcoin to hedge their rapidly depreciating fiat savings.

https://bit.ly/3rjE4TD

📱Facebook and Instagram users can now cross-post digital assets.

Before Meta's recent announcement, users could only post digital collectibles, like NFTs, to Facebook. Now, "everyone on Facebook and Instagram in the U.S. can now connect their wallets and share their digital collectibles," Meta wrote in a blog post.

The Meta update also increases the visibility and utility of digital assets like NFTs on its top platforms.

https://bit.ly/3McOSM3

👀 We celebrated the merge, but do you know the story behind ?
It all started with , the creator of .

In Today’s Discover:
📖Vitalik’s rise
⬆️The story behind $ETH
💻Profiles

👇Learn more
https://ascendex.media/3UVcD0b

Who is Vitalik Buterin? – Creator of Ethereum - AscendEX If you’re new to crypto you might not have heard of Vitalik Buterin. If you’ve been in crypto for more than a week you might have trouble not hearing about him every day. First, there was Bitcoin (BTC / USDT), then there was Vitalik, and then there was Ethereum (ETH / USDT). In that order....

🎮In its current form, uses a token-first economy where a user can earn an income and have fun doing it.
Let’s deep dive into it!

In Today’s Discover:
💰The Token economy
💻Diablo II economy
🏃‍♀️More games….

👇Learn more
https://ascendex.media/3rl8ZiB

Lessons from TradFi Gaming - AscendEX The Token economy One easily identifiable problem plagues the gaming industry that can be solved by applying the basic function of a cryptocurrency: Gaming studios doubling as gambling companies. This troubling way of game design is understandable. Gen-Z demands bigger, better graphics and the money...

🎉TGIF!
Here's this week's we want to share with you.

🏫 UNICEF NFTs help fund Internet access for schools across developing countries.

Giga, a UNICEF initiative to connect every school in the world to the internet using new technologies, recently teamed up with Dutch artist Nadieh Bremer to launch a collection of 1,000 algorithmically generated NFTs on .

The NFT public sale raised ~240 ETH, which went directly to connecting underserved schools to the internet.

https://bit.ly/3fgkEft

🎨 implements a new protocol to rank NFT rarity.

In a tweet on Thursday, NFT marketplace OpenSea announced OpenRarity, a protocol that provides verifiable rarity calculations for NFTs within its platform.

OpenSea said that ‘rare NFTs’ will be awarded lower numbers like 1 or 2, while NFTs that have more common traits will have a higher rarity score.

The feature will not be automatically applied to all NFT collections, creators will still control whether they choose to apply the OpenRarity feature to their collections or not.

https://bit.ly/3qZXRqX

📈Nasdaq is reportedly getting into crypto custody services.

Bloomberg reported that Nasdaq is diving headfirst into the crypto space, launching its new ‘Nasdaq Digital Assets unit,’ which plans to initially offer crypto custody services.

As a custodian of digital assets – a step still pending approval from the New York Dept of Financial Services – Nasdaq would compete with crypto-native firms like Coinbase, Anchorage Digital, and BitGo for customer funds.

https://bloom.bg/3BEQDh1

🤖 was built to provide an open API for .

Featured In Today’s Discover:
🔩How does The Graph work?
👣Subgraphs
💰$GRT (Trade here👉 ascendex.media/3qVjCZ8)

👇Learn More
https://ascendex.media/3S3NkH7

What is The Graph Protocol (GRT) – A Quick Guide - AscendEX The Graph protocol was built to provide an open API for decentralized apps. It is a proposed solution to problems like creating a decentralized, permissionless, and open entry point for developers and their d(decentralized)Apps on Ethereum. It also eliminates the need for a dApp to create an in-hous...

Here's some slang you should know before diving in👇

Today's hint: 🏆🏦💼