Top Crypto News: 04/10

Bitcoin price has touched $61,000 for first time this month and is now trading at $60,188. Meanwhile, the second-largest cryptocurrency, Ethereum, has recorded a new all-time high price today and is trading close to $2,132.

Let’s review some interesting crypto news for today.

Plasma Finance | UniLend Integration to Boost Liquidity & Maximize Yields

Plasma Finance announced the integration of UniLend into the DeFi aggregator to increase yields and provide liquidity to their platform. With this integration, both regular users and liquidity providers can get access to useful data. Further, UniLend’s DEX rates and liquidity pool yields would be available on the Plasma interface. Besides this, UniLend liquidity providers can bridge more DeFi users to maximize their yield generation while utilizing Plasma Finance’s unique DEX aggregator. Additionally, Plasma Finance will optimize the UniLend ecosystem by providing real-time data to liquidity providers (LP), which help to find the best yield-generating LP pools.

Theta Network Set to Launch World’s First Real-Time NFT Marketplace With World Poker Tour

Theta Network partnered with World Poker Tour to launch the world’s first real-time NFT marketplace on its platform. Moreover, Theta Network is one of the leading video delivery and streaming platforms powered by blockchain technology. World Poker Tour (WPT) is a premier name in international gaming and entertainment. Further, it is a unique show with a brand presence in land-based tournaments, television, online, and mobile. With this coalition, over 140 million viewers globally would get a chance to participate in real-time NFT drops and auctions during live television and cable broadcasts. Notably, this is season XVIII of the World Poker Tour show, and its broadcast will start on April 18th on Bally Sports Networks nationwide.

Salesforce Director of Strategy & Architecture Statement About Vechain Pushed Its Price to New All-Time Highs

VeChain announced that the Salesforce Director of Strategy & Architecture mentioned its use cases. Vechain already helped a lot in the current pandemic through its supply chain model. Further, Vechain is taking this to the next level by working on solving the trust issue between stakeholders. Impressively, the Director of Strategy & Architecture at Salesforce, Daniel Nortje, has given lavish praise to the VeChainThor public blockchain. Besides this, Salesforce CRM will be integrated with the VeChainThor platform to fix important business challenges.

In his personal blog, Nortje said, “Key benefit of working with VeChain was the simplicity of integration. VeChain provides a Blockchain-as-a-Service platform, which meant I did not have to provide any intermediary architecture myself. From what I’ve seen this is unique to the VeChainThor public blockchain and I thought it was a very good idea, especially for organisations who don’t necessarily want to invest in more systems to maintain.”

Notably, this announcement is being touted as one reason for the recent VET price uptick. At the start of February 2021, VET was trading at $0.0248. Since then, it has surged over 400% in the past few months and hit a new all-time high of $0.1495 today.

As per the technical chart, if VET holds this support of $0.1363, then it will show $0.1604 and $0.1981 levels. On the flip side, if VET unable to sustain this support, then it could lead to a further downside towards the trend line support at the $0.1153 region.



Staked | Injective Protocol Partnership to Foster Institutional Adoption for INJ Staking

Staked partnered with Injective to entice institutional adoption for INJ staking. Moreover, Staked helps to increase the amount of institutional investors’ crypto through staking and lending in a reliable and secure manner. Impressively, Staked is backed by some of the major top-notch investors such as Pantera, Coinbase Ventures, Winklevoss Capital, and more. Hence, this collaboration will help to increase institutional adoption and boost INJ asset staking in a regulated manner.

Frontier | SushiSwap Collaboration to Track, Manage, & Enhance Liquidity

In the last bit of crypto news for today, we have Sushi collaborating with Frontier to utilize its interface for tracking and providing liquidity on SushiSwap. Frontier is a chain-agnostic DeFi aggregation layer that helps users to track and manage DeFi positions. This integration helps Sushi users to track, manage, and provide liquidity to all sushi pools directly from the Frontier DeFi interface. In addition, the Frontier DeFi Mobile interface would provide a one-stop-shop for trading and staking of assets, as well as to track the entire DeFi portfolio.

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