Exciting Updates from ID, METIS, TAO Coin, and More!
Interest in the decentralized protocol Bittensor (TAO Coin) is on the rise as major companies like Polychain, dao5, and Digital Currency Group (DCG) have significant investments in TAO Coin, totaling at least $350 million. Polychain alone holds $200 million worth of TAO Coin, while dao5 and DCG have investments of around $50 million and $100 million respectively. This growing interest in TAO Coin highlights the potential of Bittensor’s decentralized protocol in the crypto market.
In other news, Binance OMNI mining FDUSD data has returned to normal after showing discrepancies between the displayed data and actual issuance data. The exchange has resolved this issue, reassuring users of the accuracy of the mining data. Additionally, a market maker has stacked over 56,000 METIS on Coinbase, attracting attention due to the significant amount transferred and the potential profits involved.
Manta Network has joined the Hong Kong Cyberport incubator project, aiming to explore application cases in finance and education to bridge Web2 and Web3 ecosystems. Meanwhile, the 1inch Foundation has sold 6 million 1INCH tokens, and Omni Network has announced the schedule for token requests and staking.
DWF Labs, a prominent market maker in the crypto sector, has made a significant investment in Space ID (ID Coin), acquiring 11.34 million ID coins worth $8.42 million. This investment has propelled ID Coin to the top spot in DWF Labs’ portfolio, showcasing the market maker’s confidence in the altcoin.
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