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MGX’s Historic $2 Billion Stablecoin Investment in Binance: A Potential Shift in UAE Crypto Relations

MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in Binance using stablecoins, marking a historic crypto investment. The investment represents the largest-ever crypto-related business deal and the largest CoinOtag

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Layer-1 Altcoin Explodes 81% As Binance Announces Surprise Trading Support

One layer-1 altcoin is surging after a surprise listing by Binance, the world’s largest crypto exchange by trading volume. In a new announcement, Binance says that it is launching futures contracts with up to 75x leverage for Viction ( VIC ), formerly known as TomoChain. As the listing announcement went out, VIC exploded and is currently up 81% in the last 24 hours, trading for $0.36 at time of writing. With a market cap of $42.3 million, VIC is the 694th largest crypto project. Viction aims to create a network of apps on its blockchain by offering zero-gas transactions, enhanced security and improved scalability. The network says it employs 150 masternodes utilizing a Proof-of-Stake (PoS) consensus. “Viction is a people-centric blockchain, offering zero-gas transactions and enhanced security to make Web3 easy and safe for everyone. Now with Viction World Wide Chain, we provide a novel solution representing a network of app chains that operate concurrently, anchored by a common settlement on Viction. Build, own, win, and be part of Viction World Wide Chain where everyone scales beyond limits.” Last year, the project said it surpassed 4,000,000 on-chain addresses and onboarded 150 projects. In November 2023, TomoChain was rebranded as Viction, a combination of “Vision” and “Victory.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram 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 Layer-1 Altcoin Explodes 81% As Binance Announces Surprise Trading Support appeared first on The Daily Hodl . CoinOtag