Cryptocurrencies are awaiting important U.S. economic data to impact markets. Continue Reading: Cryptocurrencies Await Critical Economic Data as Wall Street Reacts The post Cryptocurrencies Await Critical Economic Data as Wall Street Reacts appeared first on COINTURK NEWS .
Willemstad, Curaçao, April 2nd, 2025, Chainwire Overtime , an onchain sportsbook platform, has formally integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, $OVER. As part of the transition, the project has also unveiled a new primary domain and implemented full Account Abstraction integration to enhance the platform’s user experience. With over four years of development, Overtime has established itself as a fully onchain sportsbook offering functionality comparable to traditional offchain platforms. Built on the Ethereum network, the protocol emphasizes transparency, security, and immutability. Overtime’s operational history includes: Over $200 million in volumes Support for over 100 sports and leagues 50,000 active users More than 10,000 unique betting markets Users can access the new Overtime domain here: https://www.overtime.io/ A Decentralized Alternative to Traditional Sports Betting Overtime distinguishes itself from traditional bookmakers by operating a fully decentralized, permissionless sportsbook platform. Anyone can seamlessly access Overtime with a simple connection without the barriers of traditional restrictive betting limits, arbitrary bans, or withheld payouts. Since its inception, Overtime has organically become the primary driver of Thales DAO growth. Recognizing this growth, the DAO’s community unanimously approved (via Thales Improvement Proposal 238) the full merger of Thales DAO to the branding of Overtime. Comprehensive Onchain User Experience Enabled by Full Account Abstraction With this launch, Overtime is also introducing a new concept: Overtime Accounts —an onchain smart account designed to abstract wallet and EVM network complexities. Overtime Accounts use Particle Network for the seamless creation of wallets via Social Logins, and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler, and Session Keys infrastructure. After creating an Overtime Account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface. The platform supports features such as parlays, system bets, same-game parlays (SGPs), futures, and live betting. Transactions are executed through an account abstraction framework, removing the need for manual confirmations or the use of ETH to cover gas fees. Overtime’s user experience has been designed to minimize blockchain-related complexities, allowing users to engage with the platform’s sportsbook features without requiring technical knowledge of underlying blockchain processes. The interface offers a streamlined experience comparable to traditional web applications while maintaining the transparency and self-custody benefits provided by the Ethereum network. A new Overtime UX is available here: https://www.overtimemarkets.xyz/ The new Overtime DAO token: $OVER The new $OVER token will have a new total supply of 69.42M, compared to the original 100M of the THALES token. This means that 30.58M THALES tokens will be burned in preparation for the migration to $OVER. All THALES token holders will be able to migrate their $THALES to $OVER token at a 1:1 ratio on the new overtime.io domain. This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the $OVER token. The new $OVER token will serve multiple utilities: $OVER as Betting Collateral: By using $OVER token as collateral on Overtime, users will enjoy improved odds (2% better than baseline odds) compared to other collaterals. This boosts $OVER token usage and aligns token holders with platform users. Buyback & Burn: All fees from Overtime will flow directly towards $OVER token buybacks, focusing the entire growth of the project towards the token. Burning the buybacks reinforces deflationary token dynamics. Governance Token: Holding $OVER grants voting power within Overtime’s decentralized governance structure. The $OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP. The token will be live and liquid on Optimism, Arbitrum, and Base across prominent decentralized exchanges such as Uniswap, Velodrome, and Aerodrome. How Overtime works Overtime innovations are a testament to its industry leadership: Onchain Parlays, System Bets, and SGPs: With its cutting-edge smart contract technology, Overtime brings advanced sportsbook features onchain. Live Betting: With the Merkle Tree-based core architecture paired with robust Chainlink oracle infrastructure, Overtime has managed to bring Live Betting onchain without the risks of frontrunning and toxic flow. Permissionless Liquidity Providing: Overtime Liquidity Pools allow anyone to deposit USDC, ETH, and BTC collateral to gain exposure to platform performance and act as a counterparty pool against the traders. Onchain Free Bets infrastructure: Anyone can wrap their tokens and send them as Overtime Free Bets. Overtime’s open Free Bets solution is a cutting-edge tool for user rewards and onboarding. A global movement Overtime represents an onchain revolution, a real-life example of how a traditional industry is improved by going onchain. It is a fair, permissionless, and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms. Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure. The platform’s design ensures that participation is governed by smart contracts, removing the ability to impose user-specific limitations. Engagement is determined solely by the interaction between users and the underlying liquidity smart contracts. To date, Overtime has distributed cryptocurrency-based incentives, rewards, and competition payouts amounting to several million dollars in value. Participation in Overtime’s promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability. About Overtime Overtime is a fully onchain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM-compatible wallets. The platform supports multiple cryptocurrencies and provides fiat onramp options through credit card payments. Overtime replicates the core functionalities of traditional sportsbooks while operating through decentralized infrastructure. The protocol does not implement user bans or individualized restrictions, enabling open access to place bets and withdraw funds. Throughout each season, users may be eligible for various forms of incentives such as cryptocurrency airdrops, free bet credits, and other rewards. Additionally, participants have the option to contribute to the platform’s liquidity pool, effectively taking on the role of liquidity providers. Contact Overtime Info info@overtime.io
Bitcoin ( BTC ) and equities have managed to turn green on the day as markets brace for President Trump’s ‘Liberation Day.’ After months of uncertainty regarding the White House’s plans for tariffs, the President is scheduled to deliver a speech that investors hope will provide answers and clarity to the ongoing confusion surrounding the administration’s trade policies. So far, Bitcoin has rallied into the uncertainty and is up 2.4% on the day, breaking the $87,000 level after losing it six days ago. According to popular pseudonymous crypto analyst Rekt Capital, BTC’s price action suggests an imminent “trend shift” if the flagship digital asset can break immediate resistance. Says the trader, “Bitcoin has increased by +$2000 in the past hour Which means that BTC is getting close to positioning itself for a future breakout beyond the 21-week EMA Still plenty of time until the Weekly Close but if one occurs above $87650 -> trend shift.” Source: Rekt Capital/X Rekt also says he’s looking for a daily close and a post-breakout retest of a diagonal resistance before running higher. Source: Rekt Capital/X And fellow popular crypto analyst DonAlt also posted on the social media platform X that he is eyeing a rally for Bitcoin. The pseudonymous trader tells his 662,000 followers that BTC is getting ready to run – as long as President Trump turns a bit softer on his tariff stance this week. “BTC still looks hella cute. Just need Trump to ease on us a lil bit and this thing runs.” Source: DonAlt/X At time of writing, BTC is trading at $87,103. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Analyst Says Bitcoin Edging Toward Breakout as President Trump’s ‘Liberation Day’ Hits Markets appeared first on The Daily Hodl .
April 2nd, 2025 – Willemstad, Curaçao Overtime , an onchain sportsbook platform, has formally integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, OVER. As part of the transition, the project has also unveiled a new primary domain and implemented full Account Abstraction integration to enhance the platform’s user experience. With over four years of development, Overtime has established itself as a fully onchain sportsbook offering functionality comparable to traditional offchain platforms. Built on the Ethereum network, the protocol emphasizes transparency, security, and immutability. Overtime’s operational history includes: Over $200 million in volumes Support for over 100 sports and leagues 50,000 active users More than 10,000 unique betting markets Users can access the new Overtime domain here: https://www.overtime.io/ A Decentralized Alternative to Traditional Sports Betting Overtime distinguishes itself from traditional bookmakers by operating a fully decentralized, permissionless sportsbook platform. Anyone can seamlessly access Overtime with a simple connection without the barriers of traditional restrictive betting limits, arbitrary bans, or withheld payouts. Since its inception, Overtime has organically become the primary driver of Thales DAO growth. Recognizing this growth, the DAO’s community unanimously approved (via Thales Improvement Proposal 238) the full merger of Thales DAO to the branding of Overtime. Comprehensive Onchain User Experience Enabled by Full Account Abstraction With this launch, Overtime is also introducing a new concept: Overtime Accounts —an onchain smart account designed to abstract wallet and EVM network complexities. Overtime Accounts use Particle Network for the seamless creation of wallets via Social Logins, and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler, and Session Keys infrastructure. After creating an Overtime Account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface. The platform supports features such as parlays, system bets, same-game parlays (SGPs), futures, and live betting. Transactions are executed through an account abstraction framework, removing the need for manual confirmations or the use of ETH to cover gas fees. Overtime’s user experience has been designed to minimize blockchain-related complexities, allowing users to engage with the platform’s sportsbook features without requiring technical knowledge of underlying blockchain processes. The interface offers a streamlined experience comparable to traditional web applications while maintaining the transparency and self-custody benefits provided by the Ethereum network. A new Overtime UX is available here: https://www.overtimemarkets.xyz/ The new Overtime DAO token: OVER The new OVER token will have a new total supply of 69.42M, compared to the original 100M of the THALES token. This means that 30.58M THALES tokens will be burned in preparation for the migration to OVER. All THALES token holders will be able to migrate their $THALES to OVER token at a 1:1 ratio on the new overtime.io domain. This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the OVER token. The new OVER token will serve multiple utilities: OVER as Betting Collateral: By using OVER token as collateral on Overtime, users will enjoy improved odds (2% better than baseline odds) compared to other collaterals. This boosts OVER token usage and aligns token holders with platform users. Buyback & Burn: All fees from Overtime will flow directly towards OVER token buybacks, focusing the entire growth of the project towards the token. Burning the buybacks reinforces deflationary token dynamics. Governance Token: Holding OVER grants voting power within Overtime’s decentralized governance structure. The OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP. The token will be live and liquid on Optimism, Arbitrum, and Base across prominent decentralized exchanges such as Uniswap, Velodrome, and Aerodrome. How Overtime works Overtime innovations are a testament to its industry leadership: Onchain Parlays, System Bets, and SGPs: With its cutting-edge smart contract technology, Overtime brings advanced sportsbook features onchain. Live Betting: With the Merkle Tree-based core architecture paired with robust Chainlink oracle infrastructure, Overtime has managed to bring Live Betting onchain without the risks of frontrunning and toxic flow. Permissionless Liquidity Providing: Overtime Liquidity Pools allow anyone to deposit USDC, ETH, and BTC collateral to gain exposure to platform performance and act as a counterparty pool against the traders. Onchain Free Bets infrastructure: Anyone can wrap their tokens and send them as Overtime Free Bets. Overtime’s open Free Bets solution is a cutting-edge tool for user rewards and onboarding. A global movement Overtime represents an onchain revolution, a real-life example of how a traditional industry is improved by going onchain. It is a fair, permissionless, and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms. Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure. The platform’s design ensures that participation is governed by smart contracts, removing the ability to impose user-specific limitations. Engagement is determined solely by the interaction between users and the underlying liquidity smart contracts. To date, Overtime has distributed cryptocurrency-based incentives, rewards, and competition payouts amounting to several million dollars in value. Participation in Overtime’s promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability. About Overtime Overtime is a fully onchain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM-compatible wallets. The platform supports multiple cryptocurrencies and provides fiat onramp options through credit card payments. Overtime replicates the core functionalities of traditional sportsbooks while operating through decentralized infrastructure. The protocol does not implement user bans or individualized restrictions, enabling open access to place bets and withdraw funds. Throughout each season, users may be eligible for various forms of incentives such as cryptocurrency airdrops, free bet credits, and other rewards. Additionally, participants have the option to contribute to the platform’s liquidity pool, effectively taking on the role of liquidity providers. Contact Overtime Info info@overtime.io This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post Overtime launches OVER token and full Account Abstraction UX appeared first on The Daily Hodl .
Willemstad, Curaçao, April 2nd, 2025, Chainwire Overtime , an onchain sportsbook platform, has formally integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, $OVER. As part of the transition, the project has also unveiled a new primary domain and implemented full Account Abstraction integration to enhance the platform's user experience. With over four years of development, Overtime has established itself as a fully onchain sportsbook offering functionality comparable to traditional offchain platforms. Built on the Ethereum network, the protocol emphasizes transparency, security, and immutability. Overtime’s operational history includes: Over $200 million in volumes Support for over 100 sports and leagues 50,000 active users More than 10,000 unique betting markets Users can access the new Overtime domain here: https://www.overtime.io/ A Decentralized Alternative to Traditional Sports Betting Overtime distinguishes itself from traditional bookmakers by operating a fully decentralized, permissionless sportsbook platform. Anyone can seamlessly access Overtime with a simple connection without the barriers of traditional restrictive betting limits, arbitrary bans, or withheld payouts. Since its inception, Overtime has organically become the primary driver of Thales DAO growth. Recognizing this growth, the DAO’s community unanimously approved (via Thales Improvement Proposal 238) the full merger of Thales DAO to the branding of Overtime. Comprehensive Onchain User Experience Enabled by Full Account Abstraction With this launch, Overtime is also introducing a new concept: Overtime Accounts—an onchain smart account designed to abstract wallet and EVM network complexities. Overtime Accounts use Particle Network for the seamless creation of wallets via Social Logins, and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler, and Session Keys infrastructure. After creating an Overtime Account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface. The platform supports features such as parlays, system bets, same-game parlays (SGPs), futures, and live betting. Transactions are executed through an account abstraction framework, removing the need for manual confirmations or the use of ETH to cover gas fees. Overtime’s user experience has been designed to minimize blockchain-related complexities, allowing users to engage with the platform's sportsbook features without requiring technical knowledge of underlying blockchain processes. The interface offers a streamlined experience comparable to traditional web applications while maintaining the transparency and self-custody benefits provided by the Ethereum network. A new Overtime UX is available here: https://www.overtimemarkets.xyz/ The new Overtime DAO token: $OVER The new $OVER token will have a new total supply of 69.42M, compared to the original 100M of the THALES token. This means that 30.58M THALES tokens will be burned in preparation for the migration to $OVER. All THALES token holders will be able to migrate their $THALES to $OVER token at a 1:1 ratio on the new overtime.io domain. This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the $OVER token. The new $OVER token will serve multiple utilities: $OVER as Betting Collateral: By using $OVER token as collateral on Overtime, users will enjoy improved odds (2% better than baseline odds) compared to other collaterals. This boosts $OVER token usage and aligns token holders with platform users. Buyback & Burn: All fees from Overtime will flow directly towards $OVER token buybacks, focusing the entire growth of the project towards the token. Burning the buybacks reinforces deflationary token dynamics. Governance Token: Holding $OVER grants voting power within Overtime’s decentralized governance structure. The $OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP. The token will be live and liquid on Optimism, Arbitrum, and Base across prominent decentralized exchanges such as Uniswap, Velodrome, and Aerodrome. How Overtime works Overtime innovations are a testament to its industry leadership: Onchain Parlays, System Bets, and SGPs: With its cutting-edge smart contract technology, Overtime brings advanced sportsbook features onchain. Live Betting: With the Merkle Tree-based core architecture paired with robust Chainlink oracle infrastructure, Overtime has managed to bring Live Betting onchain without the risks of frontrunning and toxic flow. Permissionless Liquidity Providing: Overtime Liquidity Pools allow anyone to deposit USDC, ETH, and BTC collateral to gain exposure to platform performance and act as a counterparty pool against the traders. Onchain Free Bets infrastructure: Anyone can wrap their tokens and send them as Overtime Free Bets. Overtime’s open Free Bets solution is a cutting-edge tool for user rewards and onboarding. A global movement Overtime represents an onchain revolution, a real-life example of how a traditional industry is improved by going onchain. It is a fair, permissionless, and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms. Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure. The platform’s design ensures that participation is governed by smart contracts, removing the ability to impose user-specific limitations. Engagement is determined solely by the interaction between users and the underlying liquidity smart contracts. To date, Overtime has distributed cryptocurrency-based incentives, rewards, and competition payouts amounting to several million dollars in value. Participation in Overtime’s promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability. About Overtime Overtime is a fully onchain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM-compatible wallets. The platform supports multiple cryptocurrencies and provides fiat onramp options through credit card payments. Overtime replicates the core functionalities of traditional sportsbooks while operating through decentralized infrastructure. The protocol does not implement user bans or individualized restrictions, enabling open access to place bets and withdraw funds. Throughout each season, users may be eligible for various forms of incentives such as cryptocurrency airdrops, free bet credits, and other rewards. Additionally, participants have the option to contribute to the platform’s liquidity pool, effectively taking on the role of liquidity providers. ContactOvertime Infoinfo@overtime.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
XRP traders’ woes continue as expectations for a short-term rebound fail to build momentum. Trading over the weekend triggered a new wave of outflows with the futures market weakening already low sentiments. In the last 48 hours, several large holders have sold the asset, leading to a 5% price drop. Liquidation Imbalance Triggers Selloff Per Coinglass data, XRP liquidation imbalance in the futures market stood at 1,178% amid a thickened bear plot. About $229 million worth of assets was liquidated in 24 hours, a similar pattern experienced in previous dips. The wider crypto market has also traded downward, but outflows remain limited. On the other hand, XRP has seen larger sales, resulting in a 5% daily decline. At the time of writing, XRP trades at $2.16 with its market cap down to $126 billion. Last week, XRP bulls attempted a short-term comeback to wipe out accumulated losses. While volumes spiked, the market’s bearishness soon clouded traders’ drive. Outflows in the last 14 days are up to 15% showing little signs of a rebound. In the same period, several large holders have dumped holdings backing other altcoins or simply to limit losses. On-chain data shows 29,532,534 XRP worth approximately $69.8 million transferred to Coinbase coupled with others. Movements to centralized exchanges point to an imminent sale due to the ease of transfers as opposed to other custodians. These large movements affect asset prices and sentiment as traders gauge exchange reserves as an important signal. A major factor behind the fall came after traders confirmed a bear flag pattern on daily charts. With the price crash below $2.15, traders recorded growing fears citing institutional decline. On the flip side, bulls await the approval of spot XRP ETFs in the United States to bolster demand. Like Bitcoin, an approval could send the asset’s price to levels not seen in years. Wider Market Panic Stalls XRP Although XRP recorded more losses in the last 24 hours compared to top crypto by market capitalization, some traders insist on a rebound higher than other altcoins. Ethereum is down 2%, trading at $1,900, and has faced several losses in March. The asset dropped below the $2k mark shortly after a slight rally wiping out gains in the process. Most crypto users expect XRP to lead altcoins into a major rally in Q2 2025. Solana also saw slight losses and trades at $126, while meme coins took the biggest hit due to high volatility.
Willemstad, Curaçao, April 2nd, 2025, Chainwire Overtime , an onchain sportsbook platform, has formally integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, $OVER. As part of the transition, the project has also unveiled a new primary domain and implemented full Account Abstraction integration to enhance the platform’s user experience. With over four years of development, Overtime has established itself as a fully onchain sportsbook offering functionality comparable to traditional offchain platforms. Built on the Ethereum network, the protocol emphasizes transparency, security, and immutability. Overtime’s operational history includes: Over $200 million in volumes Support for over 100 sports and leagues 50,000 active users More than 10,000 unique betting markets Users can access the new Overtime domain here: https://www.overtime.io/ A Decentralized Alternative to Traditional Sports Betting Overtime distinguishes itself from traditional bookmakers by operating a fully decentralized, permissionless sportsbook platform. Anyone can seamlessly access Overtime with a simple connection without the barriers of traditional restrictive betting limits, arbitrary bans, or withheld payouts. Since its inception, Overtime has organically become the primary driver of Thales DAO growth. Recognizing this growth, the DAO’s community unanimously approved (via Thales Improvement Proposal 238) the full merger of Thales DAO to the branding of Overtime. Comprehensive Onchain User Experience Enabled by Full Account Abstraction With this launch, Overtime is also introducing a new concept: Overtime Accounts —an onchain smart account designed to abstract wallet and EVM network complexities. Overtime Accounts use Particle Network for the seamless creation of wallets via Social Logins, and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler, and Session Keys infrastructure. After creating an Overtime Account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface. The platform supports features such as parlays, system bets, same-game parlays (SGPs), futures, and live betting. Transactions are executed through an account abstraction framework, removing the need for manual confirmations or the use of ETH to cover gas fees. Overtime’s user experience has been designed to minimize blockchain-related complexities, allowing users to engage with the platform’s sportsbook features without requiring technical knowledge of underlying blockchain processes. The interface offers a streamlined experience comparable to traditional web applications while maintaining the transparency and self-custody benefits provided by the Ethereum network. A new Overtime UX is available here: https://www.overtimemarkets.xyz/ The new Overtime DAO token: $OVER The new $OVER token will have a new total supply of 69.42M, compared to the original 100M of the THALES token. This means that 30.58M THALES tokens will be burned in preparation for the migration to $OVER. All THALES token holders will be able to migrate their $THALES to $OVER token at a 1:1 ratio on the new overtime.io domain. This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the $OVER token. The new $OVER token will serve multiple utilities: $OVER as Betting Collateral: By using $OVER token as collateral on Overtime, users will enjoy improved odds (2% better than baseline odds) compared to other collaterals. This boosts $OVER token usage and aligns token holders with platform users. Buyback & Burn: All fees from Overtime will flow directly towards $OVER token buybacks, focusing the entire growth of the project towards the token. Burning the buybacks reinforces deflationary token dynamics. Governance Token: Holding $OVER grants voting power within Overtime’s decentralized governance structure. The $OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP. The token will be live and liquid on Optimism, Arbitrum, and Base across prominent decentralized exchanges such as Uniswap, Velodrome, and Aerodrome. How Overtime works Overtime innovations are a testament to its industry leadership: Onchain Parlays, System Bets, and SGPs: With its cutting-edge smart contract technology, Overtime brings advanced sportsbook features onchain. Live Betting: With the Merkle Tree-based core architecture paired with robust Chainlink oracle infrastructure, Overtime has managed to bring Live Betting onchain without the risks of frontrunning and toxic flow. Permissionless Liquidity Providing: Overtime Liquidity Pools allow anyone to deposit USDC, ETH, and BTC collateral to gain exposure to platform performance and act as a counterparty pool against the traders. Onchain Free Bets infrastructure: Anyone can wrap their tokens and send them as Overtime Free Bets. Overtime’s open Free Bets solution is a cutting-edge tool for user rewards and onboarding. A global movement Overtime represents an onchain revolution, a real-life example of how a traditional industry is improved by going onchain. It is a fair, permissionless, and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms. Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure. The platform’s design ensures that participation is governed by smart contracts, removing the ability to impose user-specific limitations. Engagement is determined solely by the interaction between users and the underlying liquidity smart contracts. To date, Overtime has distributed cryptocurrency-based incentives, rewards, and competition payouts amounting to several million dollars in value. Participation in Overtime’s promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability. About Overtime Overtime is a fully onchain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM-compatible wallets. The platform supports multiple cryptocurrencies and provides fiat onramp options through credit card payments. Overtime replicates the core functionalities of traditional sportsbooks while operating through decentralized infrastructure. The protocol does not implement user bans or individualized restrictions, enabling open access to place bets and withdraw funds. Throughout each season, users may be eligible for various forms of incentives such as cryptocurrency airdrops, free bet credits, and other rewards. Additionally, participants have the option to contribute to the platform’s liquidity pool, effectively taking on the role of liquidity providers. Contact Overtime Info info@overtime.io
Trump’s “Liberation Day” tariffs spark speculation as Bitcoin eyes a breakout amid rising accumulation.
Hold onto your hats, crypto enthusiasts! In a move that’s sending shockwaves through the digital asset space, decentralized stablecoin protocol Usual has just dropped a bombshell. They’ve announced a mind-blowing $16 million bug bounty program in collaboration with blockchain security titans, Sherlock. Yes, you read that right – $16 million! This isn’t just another bug bounty; it’s the Mount Everest of crypto bug bounties, potentially even dwarfing anything the broader tech world has seen, according to reports from The Block. Let’s dive into why this is a game-changer for crypto security and what it means for you. Why a $16 Million Bug Bounty? Understanding the Crypto Security Stakes So, why such a colossal sum? Well, in the wild west of decentralized finance (DeFi), security isn’t just important – it’s everything. Think about it: DeFi protocols are entrusted with billions of dollars in user funds. A single, undetected vulnerability can lead to catastrophic losses, eroding trust and setting back the entire ecosystem. Usual protocol, boasting over $880 million in Total Value Locked (TVL), understands this implicitly. They’re not just playing it safe; they’re making a bold statement about their commitment to user safety and the integrity of their platform. This massive bug bounty isn’t just about finding flaws; it’s about proactively building an impenetrable fortress around their protocol. Consider these key points to grasp the magnitude of this initiative: Record-Breaking Reward: $16 million is unprecedented in the crypto space and possibly in tech history. This figure underscores the critical importance Usual places on security. Targeted Critical Vulnerabilities: This bounty isn’t for minor glitches. It’s laser-focused on “critical vulnerabilities” – the kind that could cause a major drain or complete freeze of funds without needing external triggers. We’re talking about the big kahunas of bugs. Sherlock Partnership: Usual isn’t going it alone. They’ve teamed up with Sherlock, a respected blockchain security firm known for its expertise in vulnerability detection and responsible disclosure. This partnership adds another layer of credibility and effectiveness to the program. Proactive Security Posture: Usual has already undergone multiple audits. This bug bounty is an additional, proactive step, demonstrating a ‘belt and suspenders’ approach to security. They’re not just reacting to threats; they’re actively seeking them out. The Crucial Role of Bug Bounties in DeFi Security Bug bounties are not a new concept, but they are absolutely vital in the world of DeFi security . Imagine DeFi protocols as complex digital fortresses. Audits are like security consultants inspecting the fortress’s blueprints and visible defenses. But bug bounties are like opening the gates to ethical hackers – inviting them to stress-test every nook and cranny, to find the hidden weaknesses that audits might miss. Here’s why bug bounties are so essential for DeFi: Crowdsourced Security: Bug bounties leverage the collective intelligence of the global hacking community. You’re not relying on a single audit team but potentially thousands of eyes scrutinizing your code. Continuous Security: Unlike audits, which are point-in-time assessments, bug bounties are ongoing. As protocols evolve and codebases change, the bounty program remains active, providing continuous vigilance. Incentivized Discovery: The financial incentive motivates ethical hackers to dedicate time and effort to find vulnerabilities. A large bounty, like Usual’s, attracts top-tier talent, significantly increasing the chances of uncovering hidden flaws. Responsible Disclosure: Bug bounty programs encourage ethical hackers to report vulnerabilities responsibly, giving projects time to fix issues before they can be exploited maliciously. Community Trust: Publicly announcing a substantial bug bounty builds trust within the community. It signals that a project is serious about security and values user safety above all else. Navigating Blockchain Vulnerabilities: What Kind of Bugs Are We Talking About? When we talk about “critical vulnerabilities” in the context of blockchain vulnerabilities and bug bounties, what exactly are we looking for? These aren’t your run-of-the-mill software glitches. Critical vulnerabilities in DeFi can be catastrophic, leading to: Smart Contract Exploits: Flaws in the smart contract code that govern the protocol’s logic. These can be exploited to drain funds, manipulate balances, or disrupt operations. Re-entrancy Attacks: A classic DeFi vulnerability where a malicious contract re-enters a function before the first invocation is completed, potentially allowing for repeated withdrawals. Oracle Manipulation: Exploiting vulnerabilities in oracles (external data feeds) to manipulate prices or other critical data, leading to financial exploits. Logic Errors: Flaws in the intended logic of the smart contracts, even if the code itself is technically sound. These errors can lead to unintended consequences and financial losses. Access Control Issues: Vulnerabilities that allow unauthorized access to sensitive functions or data, potentially enabling malicious actors to take control of the protocol. Sherlock’s definition of “critical bugs” – those causing major loss or freeze of funds without external conditions – clearly targets these high-impact vulnerabilities. It’s about preventing the kind of exploits that can make headlines for all the wrong reasons and shatter user confidence. Usual Protocol: A Deep Dive into DeFi Innovation Let’s take a moment to understand Usual protocol better. While the news is dominated by the bug bounty , it’s worth recognizing what Usual is and why security is so paramount for them. Usual is a decentralized stablecoin protocol. In essence, they aim to create stablecoins – cryptocurrencies designed to maintain a stable value, often pegged to fiat currencies like the US dollar – in a decentralized and transparent manner. Key aspects of Usual protocol likely include: Decentralization: Unlike centralized stablecoins, decentralized stablecoins aim to minimize reliance on central entities, enhancing transparency and reducing censorship risks. Stability Mechanisms: Usual likely employs sophisticated mechanisms to maintain the peg of their stablecoin, potentially involving algorithmic adjustments, collateralization, or a combination of approaches. Community Governance: As a decentralized protocol, Usual may incorporate community governance, allowing token holders to participate in decision-making processes. Interoperability: Like many DeFi projects, Usual likely aims for interoperability, allowing their stablecoin to be used across various blockchain platforms and DeFi applications. With a TVL of over $880 million, Usual has rapidly become a significant player in the DeFi space. This growth underscores the need for robust security, as the stakes get higher with increasing adoption and value locked within the protocol. Participating in the $16M Bug Bounty: Are You the Next Crypto Hero? For ethical hackers and security researchers, Usual’s $16 million bug bounty is a siren call. If you’ve got the skills to dissect smart contracts and sniff out vulnerabilities, this is your chance to shine – and potentially earn a life-changing reward. Here’s how to get involved: Head to Sherlock: All reports must be submitted through Sherlock’s platform. Familiarize yourself with their reporting process and guidelines. Understand “Critical Bugs”: Focus your efforts on identifying vulnerabilities that meet Sherlock’s definition of “critical” – those leading to major fund loss or freeze without external conditions. Review Usual’s Codebase: Dive deep into Usual’s smart contracts and codebase. Look for potential weaknesses, logic flaws, and attack vectors. Ethical Hacking Principles: Remember to operate ethically and responsibly. Do not exploit any vulnerabilities you find for personal gain. Your goal is to help secure the protocol. Submit Detailed Reports: When you find a potential vulnerability, submit a clear, detailed report through Sherlock, providing all necessary information for the Usual team to understand and reproduce the issue. This bug bounty is not just about the money; it’s about contributing to a safer and more robust DeFi ecosystem. By participating, you’re playing a crucial role in safeguarding user funds and advancing the maturity of decentralized finance. The Future of Crypto Security: Bug Bounties as a Standard? Usual’s $16 million bug bounty sets a new benchmark for crypto security and raises the bar for the entire industry. Will we see more projects offering such massive rewards? It’s certainly a possibility, especially as DeFi continues to grow and attract more mainstream attention. Here are some potential implications for the future: Increased Security Focus: This move will likely further emphasize the importance of security within the crypto community. Projects may feel pressured to allocate more resources to security measures, including bug bounties. Attracting Top Talent: Large bug bounties can attract top-tier security researchers and ethical hackers to the crypto space, enhancing the overall security posture of the industry. Raising User Expectations: As users become more aware of bug bounties, they may expect projects to have robust security programs in place, including active bounty initiatives. Potential for Standardization: We might see more standardization in bug bounty programs within crypto, with clearer guidelines, reward structures, and reporting processes. Evolving Security Landscape: The cat-and-mouse game between developers and hackers will continue. Bug bounties are a crucial tool in staying ahead of emerging threats and adapting to the ever-evolving landscape of blockchain vulnerabilities . Usual’s audacious bug bounty is more than just a headline-grabbing number. It’s a powerful statement about the critical importance of security in DeFi and a potential catalyst for raising security standards across the entire crypto ecosystem. It’s a win-win: ethical hackers are incentivized, Usual’s protocol becomes more secure, and the entire DeFi space benefits from increased trust and resilience. To learn more about the latest explore our article on key developments shaping crypto security.
American blockchain payments firm Ripple Labs has unveiled a new utility push for its stablecoin, RLUSD. According to a new update from the firm, it has integrated the stablecoin into its flagship tech solution, Ripple Payments. This move has been one of the major milestones of the RLUSD stablecoins lately, with a specific target for enterprise adoption. Ripple Labs and the RLUSD Gameplan With the new integration, the payments firm has initiated RLUSD cross-border payments. This move will grant the stablecoin direct exposure to billions of dollars in liquidity. According to the firm, the Ripple USD token is now available to select customers to facilitate payment flow. Per the announcement , RLUSD now helps power the payment flow of BKK Forex and iFlow. The blockchain payments firm reiterated the use cases of the stablecoin in the new update. The company said it helps to facilitate the settlement of cross-border payments and access liquidity for remittance. While evolving, the firm confirmed its ultimate game plan to feature RLUSD in Decentralized Finance (DeFi) protocols. The firm said its stablecoin will provide collateral for tokenized real-world assets and securities offerings in the long term. Ripple USD Milestone and Growing Adoption As of this writing, the stablecoin has recorded an impressive milestone in its circulating supply. According to the Ripple Stablecoin Tracker, the firm just minted another 50,000,000 RLUSD on the XRP Ledger. After consistent Ripple USD minting, the coin has seen its market capitalization cross the $240 million milestone. While it still has a long way to go before it catches up with ecosystem rivals like Tether’s USDT and Circle’s USDC, its growth since its launch last December is impressive. Considering its leaning toward the XRP ecosystem, the stablecoin has gained a listing on Margex , adding to its list of supporting global exchanges. The adoption of the token is notably driving demand for it. Its regulated status in the United States is largely considered a positive boost for the stablecoin. Stablecoin Issuers and Ecosystem Trends Beyond the Ripple USD stablecoin, other major players in the ecosystem have been in the news lately. As reported earlier by CoinGape, Circle filed for IPO in the US, a move the USDC issuer has been planning for over a year. Also, Tether has continued to diversify its business interests over the past few months. Tether acquired 8,888 BTC earlier this week, complementing its buy-ins into the agriculture and digital media industries. Whether Ripple Labs will trail its rivals in this aspect remains unknown, but for now, the firm said its product fosters trust in digital currencies. The post Ripple Labs Integrates RLUSD Stablecoin With Ripple Payments appeared first on CoinGape .