Top Crypto News: 05/29 – Cryptocurrency News

After making a daily high of $37,389, Bitcoin underwent a correction and is trading at $34,852. Notably, if the BTC/USDT pair plummets below $34,000 then it could lead to critical support at $30,000 & $28,000. Meanwhile, the second-largest cryptocurrency, Ethereum is trading close to $2,399.

Let’s find out some interesting crypto news for today.

1- Paralink | Polygon Integration to Launch Decentralized Data Feeds on Their Chain

Paralink Network has declared its partnership with Polygon (Formerly Matic) to integrate its multi-chain oracles solution into the Polygon chain. This would solve the data issue, as real-time data feeds would be provided to users of both platforms. The users will also get benefit from its on-chain consensus algorithm which runs on the Polkadot substrate.

Polygon is an easy-to-use platform for Ethereum scaling and infrastructure development. Paralink Network, on the other hand, strives to revolutionize the DeFi space through its solutions. Hence, this integration will help developers to create scalable, secure, and highly customizable solutions without worrying about approaching data queries and data ingress.

2- Polkamarkets | Dafi Protocol Partnership to Mitigate Inflation with Rewarding Users

Dafi Protocol has partnered with Polkamarkets to integrate dTokens within their ecosystem. With this coalition, Polkamarkets will utilize Dafi Protocol’s synthetic dTokens to incentivize users. Further, these dTokens will operate to maintain the supply/demand of the Polkamarkets platform. This would help Polkamarkets to utilize Dafi’s reward network for decreasing inflation to maintain the token’s value. Further, Polkamarkets also incentivizes users who mine $POLK for the prediction markets through staking programs. Polkamarkets offers a DeFi-Powered Prediction Market for cross-chain information exchange and trading. Consequently, this integration will boost the network’s adoption by unlocking the verticals of DeFi into the gaming industry.

3- Blind Boxes Launched on Ethereum Mainnet to Expand Its NFT Platform

Blind Boxes has announced to launch on Ethereum Mainnet. This launch will empower creators and collectors to develop a robust decentralized ecosystem. Further, this will help creators to mint non-fungible tokens (NFTs) in the ERC-721 standard. Recently, Blind Boxes also integrated with Binance Smart Chain (BSC) to enjoy its low gas fees along with fast transaction speeds. Blind Boxes is a gamified curation platform and launchpad for NFTs that incentivizes independent contributors to design blind box collections. Thus, this initiative will unlock an entirely new cohort of creators and collectors to interact with the Blind Boxes Marketplace. While collectors will get access to a wider range of NFTs available across the globe.

4- Polygon Taps Google Cloud to Integrate its Blockchain Dataset

Google Cloud has announced the integration of Polygon (Formerly Matic) datasets to its Marketplace. As per the tweet, Google BigQuery would integrate Polygon’s Dataset to get quick access to financial data accurately. Google BigQuery makes it easy to query on-chain data in a simple, organized manner on the cloud. With this coalition, Google Cloud would host a number of real-time cryptocurrency datasets on its BigQuery. These datasets include gas costs and smart contract activity monitoring, multi-Chain Analysis, discover the popular tokens, contracts, and more.

5- Avalanche | Knit Finance | Pangolin Coalition to Issue its Wrapped Tokens on Multichain Platform

Avalanche has collaborated with Knit Finance to enhance cross-chain interoperability. Knit Finance strives to bridge multiple non-Ethereum chains with its next-generation DeFi protocol. With this partnership, Knit Finance would integrate AVAX and PNG tokens on its multichain platform. Interestingly, real-world assets like gold, stocks, and even fiat can be brought into the DeFi ecosystem utilizing Knit’s wrapped K-assets. Hence, Avalanche’s and Pangolin’s tokens can be wrapped as K-AVAX and K-PNG to enable cross-chain transactions. Notably, once this integration finished, users can migrate wrapped AVAX and PNG tokens across multiple chains like Ethereum, Matic, Polkadot, BSC, and more.

6- OpenOcean Unveils to Launch its DEX Aggregator on Solana Network

In the last bit of crypto news for today, we have OpenOcean launching its DEX aggregator on the Solana network. As per the tweet, this integration empowers OpenOcean users to enjoy Solana’s low transaction fee. Solana is a high-performance permissionless blockchain that offers a high level of decentralization along with incredibly low fees. While OpenOcean is the world’s first leading full aggregator that gives access to crypto trading and pools liquidity for both DeFi and CeFi. As a DeFi aggregator, OpenOcean aggregated DEXs on Ethereum, Layer 2, Binance Smart Chain, Ontology, and Tron. Hence, this coalition helps users to switch between the Solana network and other chains as well.

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