Bitcoin

WeSleep Unveils Its ‘Sleepie NFTs’

Vilnius, Lithuania, 4th November, 2022, Chainwire Web3 App WeSleep launched with daily rewards for those who live a healthy, active lifestyle. WeSleep is a sleep-to earn app that uses clever tokenomics to encourage positive behavior. WeSleep is a sleep-to-earn Web3 app that incentivizes users to pursue a healthy and active lifestyle on a daily basis.…

Vilnius, Lithuania, 4th November, 2022, Chainwire

Web3 App WeSleep launched with daily rewards for those who live a healthy, active lifestyle. WeSleep is a sleep-to earn app that uses clever tokenomics to encourage positive behavior.

WeSleep is a sleep-to-earn Web3 app that incentivizes users to pursue a healthy and active lifestyle on a daily basis.

The Sleepie is an NFT that allows rewards in the form $ZZZ tokens to be generated passively while you sleep. You can swap these tokens for $BUSD via the in-app Swap system. To earn additional rewards, a user can choose to place his earnings in a staking pool.

Users have the option to increase their earnings by increasing their Sleepies and their profile. To level up a profile, a certain amount of Moons will be required which can be collected by completing daily tasks such as “walk 1000 steps”. A Sleepie’s attributes can be increased by leveling up. Every Sleepie is unique in its attributes, such as “Luck” – the chance to get a mystery box after sleeping.

There are many features that can be used to encourage a healthier lifestyle, such as higher rewards for following a consistent sleeping schedule throughout the week.

“Sleep plays a crucial role in an individual’s overall health and well-being. Lack of sleep can lead to many health problems. What we’re doing with WeSleep is encouraging people to track their sleep habits and earn rewards for getting enough rest” , said Vaibhav, Co-Founder of WeSleep

WeSleep focuses not only on physical fitness but also mental health.

Sleeping has numerous psychological benefits. Recent studies have shown that sleeping well can reduce depression and procrastination. WeSleep sends its users daily tasks and mystery boxes that can make it a fun, game-like experience.

Mystery boxes are NFTs that can include sleeping pills (another NFT), $ZZZ, and/or $WEZ. After sleeping pills are activated, the attribute for a Sleepie NFT may be temporarily or permanently increased so that Sleepers can make more money from their sleep and get the best out of the dual token system.

If a Sleeper doesn’t want to use one of their NFTs, they can list them on the internal NFT market. Instead of listing their NFTs for sale on the marketplace, they can buy sleeping pills to improve attributes and Sleepies to increase sleep rewards. They also have the option to purchase mystery boxes that unlock new items.

These three core NFTs are the engines behind the WeSleep P2E economic engine.

With creativity, users can create sophisticated strategies that maximize sleep rewards and also take advantage of the market. One example is when a user might choose to breed their Sleepies with each other and create a new Sleepie NFT.

This sleepie will fill up all inventory slots and make them monetizable. These nuanced features allow players to do more than sleep and earn.

Recently, WeSleep launched its Private Sale program and is currently accepting requests from investors who wish to be allotted governance tokens in the form of $WEZ.

“We have a lot of people on board to bring this project to fruition, a full development team including applications, smart contracts, backend and frontend, a TOP 7 NFT artist (Voted on Inspect), co-founders who successfully launched previous crypto projects as well as experienced advisors who are guiding WeSleep into the right direction. We have collaborated to bring something new and exciting to the forefront. This will ultimately provide people with a means to collect and earn rewards from things as simple as sleeping well at night and living a healthy life. It’s a fun, distinctive opportunity that anyone can get involved in and experience firsthand”, said Povilas Motiejunas, Co-Founder of WeSleep

About WeSleep

WeSleep is a Web3 app with inbuilt Game-Fi elements rewarding users for their sleep time as well as healthy and active lifestyle on a daily basis, setting the foundation for an exciting Sleep to Earn approach.

As people become more health-conscious, WeSleep strives to be at the forefront all mobile health and lifestyle apps.

For more information, please visit

Contact

Co-Founder, Povilas Motiejunas, WeSleep, [email protected], +370 686 45593

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Launched on November 13, 2024, the scrvUSD stablecoin allows users to mint the token by depositing crvUSD into the scrvUSD module. The underlying crvUSD is overcollateralized by digital assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), and others, providing security to users’ funds.

Crucially, Curve Finance has emphasized that funds in scrvUSD are not rehypothecated or moved from the vaults, ensuring that the stablecoin remains a safe and sustainable option for investors.

According to Curve Finance founder Michael Egorov, the scrvUSD module is already sustainable, with over 3 million crvUSD stored in the vault. This initiative is designed to offer stability to the DeFi ecosystem, addressing the volatility concerns associated with traditional stablecoins.

The introduction of scrvUSD also marks an important step in Curve Finance’s broader strategy to enhance composability within decentralized finance.

Composability refers to the ability of various DeFi applications to work together seamlessly, allowing users to access innovative financial products.

Curve Finance’s move to scrvUSD follows its earlier decision in June 2024 to adopt crvUSD as the primary fee distribution asset, signalling a shift towards further integration across DeFi platforms.

Curve Finance’s partnership with TON

Additionally, Curve Finance is expanding its ecosystem through a collaboration with The Open Network (TON). This partnership seeks to increase interaction and composability between the two decentralized networks, fostering new opportunities for traders and investors.

As part of this collaboration, a competition was launched to develop Curve’s Constant Functional Market Maker (CFMM) — a tool designed to curb volatility and market slippage, thus improving overall efficiency in the DeFi space.

Through these strategic moves, Curve Finance continues to reinforce its position as a pivotal player in the evolving DeFi landscape.

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Bitcoin

Crypto critic Elizabeth Warren rises to top Democrat on Senate Banking Committee

Senator Elizabeth Warren will be the top Democrat on the Senate Banking, Housing, and Urban Affairs Committee. The crypto critic’s new role means her input could have an impact crypto regulation in the US. Senator Elizabeth Warren, the top crypto critic in the US Senate, has confirmed she’s set to be the senior most Democrat…

En bild av senator Warren som representerar Massachusetts

Senator Elizabeth Warren will be the top Democrat on the Senate Banking, Housing, and Urban Affairs Committee.
The crypto critic’s new role means her input could have an impact crypto regulation in the US.

Senator Elizabeth Warren, the top crypto critic in the US Senate, has confirmed she’s set to be the senior most Democrat on the crucial Senate Banking, Housing, and Urban Affairs Committee.

Warren, who defeated pro-crypto lawyer John Deaton for the Massachusetts senate seat in the 2024 elections, noted this in a statement published on Wednesday. Notably, the Senate Banking Committee is the entity that’s set to handle critical legislation on cryptocurrencies.

While Republicans have control of the Senate, any changes to this scenario likely during the mid-terms could see Warren become even more influential in the next two years.

Warren’s new Senate role

Warren’s elevated position follows the exit of Sherrod Brown, the former chairperson of the Senate Banking Committee. The Ohio Democrat lost in the 2024 U.S. election, with his defeat coming amid massive effort from across the crypto space to support the winner and new Ohio Senator-elect Bernie Moreno.

The 2024 US election has also seen the most pro-crypto lawmakers elected.

However, the crypto industry’s larger concern will be on the influence of the Dem’s ranking member in Senate. While Warran did mention crypto in the statement, she said:

“In the aftermath of the 2024 election, it’s powerfully important for Democratic leadership to show that we can make life more affordable for working people and to act with urgency to rebuild our middle class. For Massachusetts and hard-working families nationwide, this new role means a better chance to advance solutions like building more housing to lower prices and protecting consumers from private equity greed and special interest scams.”

Cryptocurrencies have rallied since Donald Trump won a second term by defeating Democrat Kamala Harris in Nov. 5. Bullish sentiment has seen Bitcoin break past the previous bull market’s high to hit highs of $93k.

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Bitcoin

BlackRock’s spot Bitcoin ETF hits $40 billion, sets new record in 211 days

BlackRock’s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF’s previous record of 1,253 days BlackRock’s new record comes two weeks after it hit $30 billion in net assets at the end of October BlackRock is now in the top 1% of all ETFs by assets and is bigger…

blackrock ceo larry fink crypto digitalising gold

BlackRock’s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF’s previous record of 1,253 days
BlackRock’s new record comes two weeks after it hit $30 billion in net assets at the end of October
BlackRock is now in the top 1% of all ETFs by assets and is bigger than all the ETFs launched in the past 10 years

BlackRock has done it again. This time its IBIT spot Bitcoin exchange-traded fund (ETF) has hit a record of over $41 billion in net assets in 211 days.

News of the milestone comes two weeks after BlackRock reached $30 billion in net assets in 293 days at the end of October.

Posting on X in October, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an “all-time record,” adding “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.”

With BlackRock’s new achievement, it’s surpassed the previous record of 1,253 days held by iShares Core MSCI Emerging Markets ETF, according to Balchunas.

In a post on X, he said: “[BlackRock’s] now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.”

JUGGERNAUT: $IBIT has hit the $40b asset mark (a mere two wks after hitting $30b) in a record 211 days, annihilating prev record of 1,253 days held by $IEMG. It’s now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years. pic.twitter.com/WTATlpShUq

— Eric Balchunas (@EricBalchunas) November 13, 2024

Now, BlackRock holds more than 467,000 Bitcoin, valued at $41.8 billion, according to iShares data.

Reaching new heights

The new record comes as Bitcoin reached an all-time high of over $93,000 on November 13 in a continued rally that’s showing no signs of slowing.

The upward trajectory is partly due to Donald Trump being re-elected as US President earlier this month. Following news of his win, Bitcoin broke the $75,000 mark. It then passed $82,000, and continued to $84,000, before pushing to $87,000 earlier this week.

In September, Bernstein analysts predicted that Bitcoin would surge to between $80,000 and $90,000 if Trump won the US election. With that prediction having now passed, Bernstein analysts believe Bitcoin could reach $200,000 in 2025, urging investors to “buy everything they can.”

It remains to be seen how far Bitcoin will go, but for now, it’s showing no signs of slowing down.