There have been some notable crypto news developments in the space today. Bitcoin is currently down 0.3% and is trading at $40,303.63. Ethereum is also down 3.2% over the last 24 hours, trading at $2,541.31.
Now let’s take a look at some of the top crypto news stories for the day.
1 – PancakeSwap: Major $CAKE Burn
PancakeSwap revealed they burned 5,292,892 $CAKE (an equivalent of $93.1 million). According to reports, $3.24M worth of $CAKE was purchased from the market, $42,000 worth of $CAKE was from NFT & Profiles, $196,000 worth of $CAKE came from auto-compound fees.
🔥 5,292,892 $CAKE burn equivalent to $93.1M USD!
💰 We just bought back $3.24M USD of CAKE from the market (trading fees + Prediction fees)
🥞 $42k USD of CAKE came from NFT & Profiles
🥞 $196k USD of CAKE came from auto-compound fees
Let's make next week a new record! pic.twitter.com/rbEmDjMku0
— PancakeSwap 🥞 #BSC (@PancakeSwap) June 14, 2021
It’s important to note that PancakeSwap is a Decentralized Exchange (DEX) created on Binance Smart Chain (BSC). In other words, users need to connect to the BSC (through Metamask or Binance Chain Wallet) to access Pancakeswap.
It is also the largest Automated Market Maker (AMM) based exchange in BSC.
2 – Crypto.com Exchange Now On Mobile App
Crypto.com announced that the Crypto.com exchange is now available on the mobile app. This makes it possible to seamlessly enjoy features like trading, lending, CRO Supercharger, the stake & earn feature, spot trading, and the referral program.
The https://t.co/vCNztABJoG Exchange is now available on mobile 📱
Access key features on the go:
✅Stake & Earn
— Crypto.com (@cryptocom) June 15, 2021
Notably, the Crypto.com exchange app has seamless integration with the main app, which will allow users to transfer funds between the two apps.
3 – HUMAN Protocol: Initiative for Humans and Machines to Collaborate
HUMAN Protocol is a system focused on restructuring how humans work. The system supports the distributed job markets where any job can be securely published, tokenized, and completed.
HMT is the native token of HUMAN Protocol, it serves as a means of payment on the network. Moreover, network service operators, and workers are paid in HMT for the work done.
Notably, there are three key entities on the platform, which are Requesters, Workers, and Exchanges. The applications that integrate HUMAN Protocol are exchanges, they also connect the jobs published by a Requester, and the tasks completed by Workers.
It’s important to note that HUMAN Protocol gives the tools for better “human-to-machine collaboration” in the job markets it supports. For instance, AIs are used in carrying out repetitive tasks while humans carry out creatively challenging tasks. The HUMAN Wallet was recently released.
4 – Cryption Network (CNT) Staking and Farming Goes Live
Cryption Network (CNT) staking and farming have gone live. Interested users can enroll from now onwards, participants reportedly started receiving rewards at 2 PM UTC, on June 15th, 2021.
The wait is almost over.⏰$CNT Staking & Farming goes LIVE.🚜
Stake your tokens and early users can earn high APR.📈
Stakers will receive about 3801.6 CNT a day
Farmers will receive about 1036.8 CNT a day
Stake now: https://t.co/l66DrSWpBh
— Cryption Network (@CryptionNetwork) June 14, 2021
Additionally, $CNT Staking has a withdrawal fee of 2%, no lockup period exists, and stakers are expected to receive about 3801.6 CNT a day.
“We are hoping there will be significant buy pressure on CNT where users will buy CNT from exchanges and then stake it to reap the staking rewards,” the platform stated.
5 – SecretSwap Records Landmark Achievement
Secretswap revealed it officially crossed $200m in cumulative volume, with imminent plans of launching the BSC bridge.
We've officially passed $200m in Cumulative Volume! 🎉
— SecretSwap 𝕊 🤫 (@secret_swap) June 14, 2021
SecretSwap gives users the opportunity to easily swap one secret token with another. The platform also allows the users to provide liquidity and earn rewards. It aims to provide high user security at a low cost with the added advantage of privacy features supported by the underlying Secret Network.
Besides, SecretSwap currently supports only the secret token swapping feature. It supports secret versions of ETH, YFI, LINK, WBTC, OCEAN, RSR, UNI, SUSHI, DAI, USDT, USDC, AAVE, BAND, MKR, DPI, TUSD, BAC, SNX, COMP, and KNC tokens. Users can also easily convert these ERC-20 tokens into secret tokens by using the Secret Ethereum Bridge.
You can refer to our previous guide on how you can get the SCRT token and convert it into an sSCRT token, as well as our guide on how you can create Wrapped Secret (wSCRT), which is a synthetic ERC-20 version of SCRT.
6 – Hypersign Launch $HID Liquidity Mining and Staking Program
Hypersign, a cross-chain identity protocol built on Polkadot & Ethereum has announced the launch of $HID Liquidity Mining and staking program. The program will be carried out through AllianceBlock’s LMaaS (Liquidity Mining as a Service).
📢 Announcing $HID Staking Pools for Our Strong Hodlers
🚀 Whopping 636,000 $HID tokens added to different reward pools
✅ LP staking rewards with up to 598.83% APY
✅ Single asset staking with up to 40% APY
— Hypersign (@hypersignchain) June 14, 2021
For the program, Hypersign reportedly aims at maximizing the rewards for users holding $HID tokens, and maintaining the healthy price action.
Notably, 636,000 $HID tokens were added to different reward pools, the LP staking rewards has up to 598.83% APY. Also, the Single asset staking has up to 40% APY.
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