Chain News Today TheBitTimes.com

Binance, the world’s largest crypto exchange platform by trading volume, is announcing an airdrop for a new layer-1 altcoin focused on cross-chain liquidity pools. In a new update, Binance says that it’s adding decentralized finance (DeFi) project Mitosis (MITO) to its HODLer Airdrops program, which rewards users based on their balance of BNB, the native asset of the crypto exchange. “Binance is excited to announce the 34th project on the HODLer Airdrops page – Mitosis, a Layer 1 blockchain designed to unify fragmented crypto liquidity by enabling assets to be deployed across multiple chains simultaneously.” News of the addition preceded a massive price increase for the asset, as it went from a price of $0.095 on August 28th to a peak of $0.308 just a day later. MITO has since stabilized and is trading for $0.25 at time of writing, a staggering 143% increase during the last 24 hours. On its website, Mitosis says it is attempting to a...

Ripple’s XRP token has not hit the $1 level since November 2021 and the $2 level since January 2018. Although the asset is extremely popular for cross-border remittance purposes, its price has faced significant headwinds over the last few years. Also Read: Ripple: Can XRP Reclaim Its All-Time High of $3.40 in 2024? Why Has the Asset Struggled to Gain Momentum? One of the most significant barriers to XRP’s price was Ripple’s lawsuit with the US SEC. The financial watchdog accused the fintech company of selling unregistered securities in December 2020. The lawsuit presented substantial hurdles to the asset even during the 2021 bull run when other major cryptocurrencies were hitting new all-time highs. Recently, the lawsuit was settled in the US High Court, and Ripple was asked to pay a fine to the financial regulator. XRP’s price witnessed a brief rally, which has since cooled down. XRP to hit $2? Source – CryptoNews Telegaon’s Prediction Source: Telega...