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BTC $62,692.66 -1.14%
ETH $1,669.70 +0.04%
BNB $599.85 +0.12%
XRP $1.14 +0.98%
SOL $66.14 -0.23%
TRX $0.3214 -1.49%
DOGE $0.0853 -0.52%
ADA $0.1676 +1.64%
BCH $206.99 +0.04%
LINK $7.86 -0.60%
HYPE $62.22 +1.37%
AAVE $62.37 -1.57%
SUI $0.7448 -1.08%
XLM $0.1968 -2.05%
ZEC $472.40 +10.81%

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Humanity Protocol Launches Staking: 30M $H Reward Pool Open for Staking, valued at approximately 28M USD

Humanity Protocol ($H) recently announced that its Staking feature has officially launched on Humanity Chain. According to the official announcement, this staking event has set a total initial reward pool of 30M $H, which, based on the recent peak of $H, has a total value of approximately 28M USD, open to long-term participants in the ecosystem.The launch of this Staking feature occurs against the backdrop of a rapid increase in trading activity for H. Previously, H recorded high trading volumes on exchanges such as Bithumb and Bybit, and in some trading scenarios, it was directly compared to Worldcoin (WLD). The introduction of the Staking feature is also seen as a further step by Humanity Protocol to enhance long-term holding stickiness, consolidate on-chain liquidity, and promote the construction of the Humanity Chain ecosystem.Two major Humanity Chain staking pools are open, with a maximum APR reaching 10,658%.According to the information on the event page, the Humanity Chain Staking primarily sets up two staking pools.Among them, the 6-month staking pool is configured with 10M $H rewards; the 4-year staking pool is configured with 20M $H rewards. Users can choose the corresponding staking plan based on their different needs for lock-up periods and liquidity.At the beginning of the event, the staking page showed that the maximum APR once reached 10,658%. Since the staking yield will dynamically change with the number of participants, total staking scale, and reward distribution, the actual APR will be based on real-time data from the event page.In terms of participation, users can transfer assets to the Humanity Chain wallet through exchanges that support native H, or they can transfer assets from the ETH chain to Humanity Chain via the official cross-chain bridge to participate in staking.Rewards are distributed according to the proportion of staking, and the ecological transaction fee sharing is expected to be released simultaneously.This staking reward will be allocated based on the user's asset proportion in the corresponding staking pool. In other words, the proportion of the user's staking scale to the total staking scale in the pool will directly affect their share of the rewards.In addition to the fixed reward pool, the official also mentioned that users participating in Staking will have the opportunity to share in the transaction fee income generated by validators and verification services within the Humanity Protocol ecosystem in the future. This means that Staking is not just a short-term incentive activity but is also tied to the subsequent verification services, ecosystem usage, and on-chain economic model of Humanity Chain.From a market perspective, the launch of the 30M $H reward pool provides holders with a new on-chain income entry point while also helping to convert some circulating chips into long-term staking positions. As the Humanity Chain mainnet ecosystem gradually advances, Staking may become an important step for H to transition from trading heat to on-chain ecosystem consolidation.

Nearly four years after Do Kwon was imprisoned, there are still community members steadfastly supporting Terra Luna Classic and looking forward to an "epic revival."

According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.

The founder of Strategy claims that the decline in BTC is due to the rotation of funds into AI rather than "issues with Bitcoin itself," and JPMorgan warns that the legislative window for the CLARITY Act is closing

According to BBX data, Bitcoin fell to a new low of $61,300 this year yesterday, putting pressure on the cryptocurrency sector. Key signals have emerged from institutions and the legislative level, with the core dynamics as follows:Michael Saylor, founder of Strategy, Inc. (NASDAQ: $MSTR), publicly stated on June 4 that the current decline in Bitcoin is not due to a deterioration in BTC fundamentals, but rather a "phase rotation" of capital from Bitcoin to AI stocks, SpaceX IPO, and other emerging assets—"Bitcoin is not broken; it’s just temporarily not the main character in the momentum trade." Saylor also reiterated his position of continued accumulation. Previously, Strategy spent approximately $2.01 billion (average price $80,985) to acquire 24,869 BTC in the week from May 11 to 17, bringing their total holdings to 843,738 BTC with a total cost of about $63.87 billion (average price $75,700); currently, BTC has fallen below the cost line of $12,300, and all of the company's holdings are in a state of unrealized loss, but management has not publicly indicated any intention to reduce their positions.JPMorgan Chase & Co. (NYSE: $JPM) reported by CoinDesk on June 4 warned in its latest research report that the legislative time window for the CLARITY Act to be voted on by the full Senate is "rapidly narrowing." The wording discrepancies in the stablecoin yield provisions have evolved into the most critical unresolved obstacle for the bill—banks insist on retaining restrictions on "passive income," while the cryptocurrency industry strives for "activity incentive space." If a compromise cannot be reached between the two parties within this month, the timeline for the Senate to complete a 60-vote approval before July 4 will be completely invalidated; the report also pointed out that the capital siphoning effect from the SpaceX IPO and AI stocks has further suppressed institutions' willingness to allocate to BTC in the short term.
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