Asian Altcoin Trading Roundup: Top Cryptocurrency is VeChain 142

FOMO Moments

Mid-week and markets have turned red once again as Asia leads the selloff. Bitcoin is leading the rout by sliding 4% on the day, and we are returning to the patterns witnessed in the second half of last year when all altcoins simply follow the lead of their big brother. The entire top 25 is in the red with just one cryptocurrency showing green during the morning trading session in Asia, and that is VeChain.

According to Coinmarketcap VEN is trading 3.5% higher on the day when all other altcoins have lost value. From $4.56 this time yesterday the token is up to $4.75 today, not a great deal but significant in that it is the only one higher than yesterday at the moment. VeChain has had a very good month climbing over 28% with a high of $7 on Feb 20. The three month chart looks even better as it has made an impressive 850% gain from $0.50 back in early December.

The cryptocurrency was hit with a wave of FUD a few days ago when rumours spread about large orders of VEN being put out to keep prices low. The resultant dip took prices down to $4.30 before VeChain CEO Sunny Lu stated that the VeChain Foundation did not sell any VENs to the open market and had no intention of doing so. This has caused the price rebound and is why VEN is the only token performing well today.

Binance leads the way with VEN trading at over 60% of the total volume which stands at $118 million over the past 24 hours. Market capacity is $2.2 billion which ranks this altcoin at 16th. There are 873 million in total supply with 475 million of those circulating.

There are no other altcoins in the top 25 climbing this morning in Asia, all have fallen between 3% and 8%. Outside the top 25 Waltonchain deserves a mention as it is up 18% today.

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals.

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The new Fintopio DeFi Wallet launches in open beta on Telegram and web app 8509

Fintopio, a Web3 company creating a wallet that enables digital asset sending and receiving via messaging apps, recently launched the beta version of the Fintopio DeFi Wallet. This launch is Fintopio’s first salvo in its mission of improving and simplifying digital asset transactions. The Fintopio DeFi wallet has been launched via Telegram bot and web app, and the company is working on a mobile application for iOS and Android.

Fintopio’s DeFi Wallet is built on Telegram, a messaging tool with 900 million monthly active members. The wallet provides a convenient way for people to send and receive crypto assets, and it also integrates with different DeFi services. Users maintain complete control of their assets by having their crypto stored in their non-custodial wallets.

Steve Milton, co-founder and CEO of Fintopio, noted that “There are a lot of untapped opportunities related to integrating convenient payment options in messaging apps, especially given that these are some of the world’s most widely and frequently used services. At Fintopio, we want to unlock this huge potential with solutions that allow people to send money just like sending a message or an emoji,”

Fintopio is led by Steve Milton, a prominent executive who worked in the field of multinational companies as a high-ranking official at BNB Chain and Binance. Working with him is a 20-member team of experts in the fields of Web3, cryptocurrency, technology, and finance. Fintopio is devoted to changing the crypto payments landscape and becoming a reliable global brand capable of providing cutting-edge financial solutions to individuals and enterprises.

Transforming digital asset payments with Telegram

Fintopio’s DeFi Wallet is a crypto financial solution integrated with Telegram. The app is designed so that users can send crypto payments directly on Telegram, as well as web and mobile platforms. What defines Fintopio as a robust DeFi wallet in contrast to other similar wallets released today is the careful attention paid to user-friendly interfaces and intuitive designs. This is crucial for Fintopio’s efforts to solve the ongoing challenge of making crypto easier and more convenient to use while maintaining the safety of users’ funds.

According to Steve Milton, “Telegram has a great combination of market size and growth trajectory. Even at its current reach, it’s still one of the most downloaded apps worldwide. And it has a young, tech-adept demographic, with 30.6% of its users being in the 25-34 age bracket, making it an ideal foundation upon which we can grow Fintopio especially in a crowded crypto payments space.”

The Future of Crypto Payments

Fintopio acknowledges the digital payments industry’s intricacies, the growth in the demand for new, innovative solutions on the market, and the vast opportunities that innovation can bring to the whole sector. According to the latest forecasts, the global volume of cashless payment services is expected to reach 1.9 trillion transactions by 2025 and double or triple that number by 2032. The fact that payment features have been integrated into major social media and messaging platforms shows that messaging is the new frontier in fintech and crypto solutions.

Through Fintopio, sending digital assets becomes the same as sending a message. Recipients can access their assets via a wallet they already possess, route them to familiar financial institutions, or, if they’re new to digital assets, create a lightweight non-custodial wallet within seconds, all through their Telegram app. This innovation extends the reach of digital assets beyond the confines of the cryptocurrency ecosystem.

Steve Milton explained, “Ultimately, what we’re doing with the beta launch of the Fintopio DeFi Wallet is an opening act that demonstrates what’s possible with messaging-based, convenient crypto payments, as well as what we can build further. Once the Fintopio infrastructure for simple payments through chat apps is built, and it shows significant traction, this innovation will be easier to replicate as a viable payment solution for other major messaging and social media apps. At that point, it’s not that big a leap to take.”

In the first phase of their DeFi Wallet beta starting program, Fintopio is implementing a beta test exercise. The exact process includes reaching out to the Fintopio community and inviting them to inform them of the bugs they encountered or provide them with their recommendations for improvement. In exchange, participants have a chance to gain rewards.

About Fintopio

Fintopio is a software development company at the forefront of digital asset distribution innovation. With its wallet solution, Fintopio simplifies the process of sending and receiving digital assets. The company’s groundbreaking approach is poised to democratize access to digital assets globally, reshaping the landscape of digital transactions.

Fintopio completed a $10 million seed funding round led by a group of private investors from the tech industry, fueling the company’s mission to provide people and businesses with easy, secure, and fast ways to pay. The company was also awarded a CSAP license in Poland.

Plena – The first Crypto Super App to use Account Abstraction announces $5M fundraising milestone 8738

In an impressive display of industry support and confidence, Plena Crypto Super App has successfully closed a $5 million funding round, uniting a broad spectrum of investors and partners in its mission to drive widespread crypto adoption. This formidable coalition includes Big Brain Holdings, DeWhale,GBV, WebWise, Galxe, Normie Ventures, FounderHeads, and more.

Accelerated by crypto giants Cointelegraph and ConsenSys, Plena Crypto Super App has drawn the attention and endorsement of the industry’s most respected advisors and angel investors. This prestigious group includes Ivan on Tech, Trader XO, Trader SZ, Boxmining, The Martini Guy, Michaël van de Poppe, Eric Cryptoman, Crypto Zoran, Nischal Shetty, Anshul Dhir, Crypto ISO, MANDO CT, Anbessa, ASH Crypto, Sjuul | AltCryptoGems, Ted Pillows, Joshnomics, vocado Toast andAlex Belov among others.

Plena’s extensive network of Key Opinion Leaders (KOLs) from every region underscores its position as one of the most universally supported applications within the crypto community. Since its inception in 2021 by Sparsh Jhamb, Yajash Jhamb, Tushant Suneja, and Sayuj Kumar, Plena has been dedicated to simplify the user experience for decentralized applications, with a mission to onboard a billion users to Web3. They pioneered Account Abstraction, setting the stage for a more accessible blockchain ecosystem a year before Vitalik Buterin’s white paper on ERC4337. This innovation marks a significant leap towards making blockchain technology user-friendly and widely adopted.

Throughout 2023, Plena has celebrated numerous achievements, including surpassing 5 million transactions, forming over 200+ Plena Connect partnerships, amassing a community of over 240K+ registered users, and expanding its blockchain integrations. The launch of Plena 2.0 with Chat & Pay feature and the introduction of Plena Smart Portfolios have further solidified its commitment to simplifying the crypto experience.

Looking forward to 2024, Plena is set to expand its chain integrations, launch Super App 3.0, and further develop its Plena Connect SDK across an even broader array of dapps. Additional highlights include the $PLENA Token Generation Event (TGE), and a series of community-engaging Plena Quests.

Plena’s ecosystem stands as a testament to its commitment to innovation and community, providing grants to dApps integrating the Plena Connect SDK. Moreover, Plena has announced its largest airdrop campaign in partnership with DAO Maker, Chain GPT, Decubate, AI Tech, and Viction Chain by Coin98, distributing 2% of its total supply ahead of its eagerly anticipated listing.

About Plena Crypto Super App

Plena Crypto Super App is a crypto super app with a base layer of a wallet designed to simplify and enhance the user experience in the crypto space. By leveraging account abstraction and a comprehensive suite of crypto tools, Plena is on a mission to onboard the next billion users into the cryptocurrency world.

Somnia Launches Betanet, Ushering in a New Era of Interoperability in the Metaverse 8353

Somnia, an L1 blockchain and a set of omnichain protocols, has taken another step towards its goal of a connected metaverse with the recent launch of its protocol Betanet. This significant milestone marks the beginning of a new era in the metaverse, where experiences and assets can seamlessly move across different virtual environments.

Thanks to the technology from MSquared and Improbable, Somnia is able to launch a high-quality Betanet on their protocol, while simultaneously developing the highly scalable and affordable Somnia Blockchain.

Somnia’s omni-chain protocols, known as SOM0, are designed to connect the metaverse into a cohesive ecosystem, enabling unprecedented compatibility and interoperability. The Betanet will test these protocols, which consist of three key components: the ‘Object protocol’ for creating virtual objects that can move through any metaversal experience, the ‘Attestation protocol’ for streamlined validation, and the ‘Marketplace protocol’, which serves as a global liquidity layer for creators to sell digital assets.
“The metaverse is on the cusp of a major transformation, and Somnia is leading the charge with the launch of our Betanet,” Somnia CEO Paul Thomas said. “We’re excited to empower creators and users with the tools they need to bring their visions to life.”

Phase 1 of Somnia’s Betanet, running on the ETH Sepolia Testnet, allows users to bring their digital identities into the Somnia Protocol by creating personalized avatars through a collaboration with Avaturn. These avatars will be compatible with any world or experience built on Somnia, empowering users to attend massive MSquared events like the Twice listening party and MLB Virtual Ballpark.

In future phases, Somnia will collaborate with established NFT projects to give beloved collections a soul in the metaverse by rendering them as 3D avatars for use across interoperable experiences. This initiative will unlock new realms of utility and value for NFT collectors.

Later stages of the Betanet will grant users access to the Metaverse Browser, allowing them to explore the Somnia Ecosystem and the Playground, where they can create virtual spaces, socialize with friends, and import or create 3D objects. The following Testnet phase will introduce a prototype of Somnia’s blockchain, which will act as the foundation for the metaverse’s economy.

To participate in the Betanet visit betanet.somnia.network

About Somnia:

Somnia is creating a virtual society with an L1 blockchain and a set of omnichain protocols designed to bring millions of users into an open and unified metaverse, allowing users to move seamlessly across experiences. Somnia opens up endless possibilities for builders to create content that is portable and remixable content by upgrading existing NFTs. Somnia was developed by the Virtual Society Foundation (VSF), a nonprofit organization initiated by MSquared, and Improbable.

Powerful Duo Joint Hand: aelf is Pivoting to AI Blockchain by Forging Alliance with AgentLayer 8195

aelf, the high-performance Layer 1 blockchain, and AgentLayer, the world’s first decentralised network tailored for AI agents, have formed a strategic alliance to advance the integration of blockchain with artificial intelligence. Together, they aim to launch a pioneering decentralised AI infrastructure and ecosystem. This alliance plans to bring together stakeholders from across Asia — including leading researchers, startups, government bodies, and industry experts — to collaboratively develop and expand AI-enhanced blockchain infrastructure and applications through open innovation.

“This partnership goes beyond technology. It’s a commitment to creating an ecosystem where AI and blockchain coexist and thrive to deliver unprecedented solutions. By harnessing the potential of AgentLayer’s autonomous AI agents with our high-performance Layer 1 blockchain, we are setting the stage for a transformative leap in decentralised AI infrastructure,” shared Auric, Founder of aelf.

“The alliance with aelf is a strategic step towards realising our vision of a permissionless network for AI agents,” commented Prof Yang Liu, Co-founder of AgentLayer. “Leveraging the combined strengths of aelf’s blockchain expertise and our innovative AI protocol, we are gearing up to revolutionise how AI agents operate and collaborate, bringing the vision of decentralised AI to life.”

Strategic Synergy

  • Enhancing Underlying AI and Blockchain Capabilities: As AI and large language models (LLMs) grow in adoption, aelf’s AI-enhanced blockchain architecture allows AI systems to effectively use the blockchain’s computational resources, distributing and rebalancing workloads for complex computations. Integrating AI agents to automate and verify smart contracts also minimises human error and biases, leading to more reliable and equitable contracts. This innovative AI-blockchain architecture will establish a robust foundation for developing a robust suite of Layer 1 (L1) and Layer 2 (L2) projects, decentralised computing networks, and AI agents.
  • AI Innovation at Scale: AgentLayer’s AI integrated with aelf’s decentralised cloud blockchain creates a dynamic, scalable architecture for both the foundational blockchain level and the broader ecosystem. Resource allocation is optimised by analysing network data to allocate resources dynamically and pre-emptively balance loads. This enhanced AI and automation layer in blockchain management enables developers to create and deploy smarter, more efficient decentralised applications (dApps), spurring innovation across the ecosystem. aelf will introduce developer-friendly toolkits to help the community utilise these advanced technologies for data processing, model training, and monetisation within the new aelf AI-blockchain environment.
  • Decentralised Security: The new AI-blockchain architecture ensures data integrity through blockchain’s immutability, protecting data against tampering and revision. Thanks to TrustLLM, AgentLayer’s proprietary foundation model for Web3 security, and a number of state-of-the-art on-chain monitoring and vulnerability detection agents, the blockchain network benefits from optimal threat detection and response. AI agents excel in monitoring the network continuously, detecting anomalies, and pre-empting security breaches with advanced threat response capabilities, thereby safeguarding the network more effectively.
  • AI-Blockchain Ecosystem Support: aelf and AgentLayer will jointly transform AEVOLVE Labs into a pioneering decentralised AI hub for research, incubation, and acceleration to bolster the decentralised AI ecosystem. Additionally, the duo will explore a novel Initial AI Offering (IAO) model designed to facilitate the creation, distribution, and management of AI and Web3 assets securely and transparently.

The Promise of a Decentralised AI Future

The alliance between aelf and AgentLayer, aimed at developing a decentralised AI infrastructure, is set to establish new benchmarks in the AI and blockchain sectors. Together, blockchain and AI technologies can drive forward innovations that are only achievable with each operating in collaboration. This synergy not only improves performance but also opens up new avenues for advanced, decentralised applications and research networks. This pioneering initiative is expected to drive significant advancements in foundational Layer 1 and Layer 2 solutions, networks of AI computational resources and a comprehensive suite of decentralised AI agents.

Stay updated on aelf’s news and engage with the aelf community on:

Website: https://aelf.com
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/bgysa9xjvD
For additional information on AgentLayer visit https://www.agentlayer.xyz/
Twitter: https://twitter.com/Agent_Layer

About aelf

aelf, a high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability. aelf blockchain is designed to power the development of Web3 and support its continuous advancement into the future. Founded in 2017 with its global hub based in Singapore, aelf is one of the pioneers of the mainchain-sidechain architecture concept. Incorporating key foundational components, including AEDPoS, aelf’s variation of a Delegated Proof-of-Stake (DPoS) consensus protocol; parallel processing; peer-to-peer (P2P) network communication; cross-chain bridges, and a dynamic side chain indexing mechanism, aelf delivers a highly efficient, safe, and modular ecosystem with high throughput, scalability, and interoperability.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3 and the adoption of blockchain technology.

About AgentLayer

AgentLayer, a pioneering protocol and public blockchain leveraging the powerful OP Stack, is designed to facilitate the coordination and collaboration of autonomous AI agents with human oversight in a permissionless, secure, and reliable manner. It stands out as the world’s first decentralized network for autonomous AI agents, leveraging a Byzantine fault-tolerant blockchain to establish a decentralized registry of AI Services, Agents and Models. Additionally, AgentLayer introduces a new AI currency ($AGENT) to fuel an innovative AI-powered Agent Economy on the L2 blockchain, enabling the minting, deployment, and swapping of AI assets on-chain.

AgentLayer’s innovative protocol not only revolutionizes the coordination of autonomous AI agents but also sets a new standard for decentralized governance in the realm of artificial intelligence. By combining cutting-edge technologies like blockchain with AI capabilities, AgentLayer paves the way for a more efficient, collaborative, and responsible ecosystem for autonomous agents.

Changelly surpasses 7 million users, celebrating its 9th anniversary 8489

Changelly, a global crypto exchange platform, marks its 9th anniversary with a new milestone of over 7 million registered users worldwide. Established in 2015, Changelly has become the leading crypto exchange platform and the trusted exchange API partner for over 500 Web3 companies.

Through precise market analysis and never-ending innovation in product development, Changelly has thrived through several crypto winters and dedicated itself to developing a sustainable and secure exchange infrastructure to simplify access to crypto. Anniversaries are the best time to reflect, so the platform has presented its key achievements and future plans for the year ahead of an even bigger landmark — its 10th anniversary.

Driving a User-Centric Narrative: Expanding the Assets and Products

‘Anything to anything’ is a concept Changelly implemented within its product portfolio, offering plenty of swapping options for all popular and trending coins, blockchains, and trading pairs. Since its previous anniversary, the platform’s listing strategy has resulted in 208 new listings, marking an impressive 130% year-on-year increase.

Security is the cornerstone of Changelly’s operations across 150 markets: the company strictly adheres to security protocols and does not store user funds. While providing ease of authentication, the exchange platform pays special attention to security checks and assists users in returning stolen funds in case of hacks and fraud.

The Changelly team prioritizes the optimization of the customer experience for its core exchange product. Its mobile app helps its users swap crypto-to-crypto and fiat-to-crypto on the go at the most competitive market rates, thanks to partnerships with over 20 crypto trading platforms.

Besides, the platform is dedicated to regular updates and enhancements to its UI/UX design, ensuring it’s user-friendly for all expertise levels: the smooth usability and onboarding experience is proven by the fact that Changelly saw a growing percentage of mature audience (50+ years old).

Overall, Changelly has grown a dedicated community by educating users with the Changelly blog that provides helpful guides, an informative Crash Course, and price predictions for over 1.5M monthly readers. Meanwhile, the dedicated 24/7 live customer support reached an average response time of less than one minute and strives to help users with every issue they may face.

Harnessing Crypto Payments and Exchange API for Global Business Growth

Building a CeDeFi ecosystem, Changelly expands its product portfolio with solutions that synergistically help businesses benefit from the advantages of Web3 and blockchain with no limits and borders.

With confident leadership in its core category, Changelly, as a provider of crypto-to-crypto and fiat-to-crypto exchange APIs, has won the trust of the crypto industry leaders — Ledger, Trezor, Exodus, Tonkeeper, Tangem, and many others. For its partners’ growth, Changelly expands the variety of available assets, improves swap pricing, and offers 0% service and flexible exchange fees.

Last year, Changelly completed its ecosystem with the merchant payment solution Changelly PAY, which offers custom crypto checkouts for 80+ crypto coins and tokens with instant settlement and flexible fee management. Among other remarkable achievements in 2023, there was a launch of the fiat on-ramp API to meet the growing market demand.

Not Afraid to Face Challenges and Level Up

Speaking of the future of Changelly, its CEO Jake Cormack comments: “Our priorities are to develop our products, list new tokens across different chains, and serve users on a global scale. We are working on expanding our presence and reaching new markets with tailored offers. From the B2B perspective, Changelly will continue to grow the partner network for the exchange APIs and focus on the merchant payment gateway, on-ramp, and off-ramp solutions.”

About Changelly

Changelly is a global crypto exchange platform serving over 7 million users worldwide. Founded in 2015 and headquartered in Hong Kong, Changelly offers safe and fast crypto-to-crypto and fiat-to-crypto exchanges of over 100,000 trading pairs with 24/7 live customer support. As a CeDeFi ecosystem, Changelly provides its B2B partners with an instant exchange API, a platform for listing, and a DEX aggregator for decentralized swaps.

Mayan Raises $3M Led by 6MV and Borderless, To Bring Trust, Low Cost and Speed to Cross-Chain Trading 8470

Mayan, the pioneer in auction-based cross-chain swaps, announced today the successful closure of a $3 million Seed Round co-led by 6th Man Ventures (6MV) and Borderless Capital. Notable participants in the round include Solana Ventures, Hash3, Big Brain Holdings, Arrington Capital, and Wormhole Cross-Chain Ecosystem Fund as well as notable angels including Anatoly Yakovenko, co-founder of Solana and Saeed Badreg, co-founder of Wormhole Labs. This funding milestone will fuel Mayan’s mission to optimize the web3 trading experience by addressing the critical issues of transparency, speed and cost in the cross-chain user journey.

“Ultimately, I envision Mayan evolving into a fully permissionless venue for trading any kind of crypto assets, whether Fungible Tokens or NFTs. We’re excited to drive innovation in the intent-centric multichain future, enhancing blockchain interactions for all web3 users,” said Mo Elahi, co-founder of Mayan.

In the rapidly expanding crypto space, dominated by chain proliferation and liquidity fragmentation, asset mobility poses significant challenges. Mayan’s user-friendly swap protocol provides a solution. It enables institutions and retail users to seamlessly move assets across blockchain ecosystems, facilitating participation in native functionalities. By prioritizing transparency and efficiency, Mayan’s protocol effectively matches traders with the best rates and settlement times, addressing the inefficiencies of the current landscape.

“Mayan has created a novel auction-based model to enable cross-chain crypto participation for both retail and institutional traders. They’ve impressively become one of the top cross-chain protocols by volume in less than a year, growing rapidly by providing fast, low-fee transfers. Mayan is seeing increased adoption and integration in the most trusted protocols in crypto, including Jupiter, Drift, MarginFi and Backpack, due to the robust architecture and terrific user flow,” said Mike Dudas, Managing Partner, 6th Man Ventures.

Mayan has already achieved impressive growth since its mid-2023 launch, surpassing $470 million in volume and establishing itself as a core connector between major crypto networks. Its seamless integration tools are powering inter-chain swaps on Drift and MarginFi, while other projects like Backpack use Mayan’s open-source SDK with custom UI for in-wallet cross-chain swaps.

Mayan’s intent-centric cross-chain protocol leverages Wormhole message passing to connect Solana, Ethereum, and the top EVM-compatible chains, is a new innovative way to enable seamless swaps of assets across diverse networks. Mayan’s English auction model matches users with bidding drivers, which are deep liquidity market makers, to achieve swift and favorable execution with the most optimal outcome on both ends. By harnessing the speed of Solana, Mayan holds on-chain auctions that settle in seconds.

“Mayan is at the forefront of the emerging cross-chain economy with an innovative auction model, which allows for the seamless swapping of assets across a wide range of networks, settling in seconds. Mayan’s commitment to secure, transparent, and efficient auctions not only benefits users and traders but also strengthens the overall ecosystem,” said Alpen Sheth, Partner, Borderless Capital.

Mayan’s roadmap includes further improvement of the cross-chain user experience, moving to completely permissionless and transparent auctions, deploying to more networks, and expanding its capabilities to include NFTs.

Users can experience seamless cross-chain swapping with Mayan by visiting: https://mayan.finance/

About Mayan

Mayan is an intent-based cross-chain protocol that utilizes auctions to provide the best possible swap rates for every trade. Powered by Wormhole message passing, Mayan seamlessly connects Solana, Ethereum, and major EMV-compatible chains such as BSC, Polygon, Optimism, Avalanche, and Arbitrum. With its robust API and pre-built widget, Mayan enables any website or dApp to offer cross-chain swaps almost instantly. As the most optimal decentralized venue for trading crypto assets, Mayan ensures a frictionless experience across diverse ecosystems.