Cega Shark Bull vaults on Ethereum and Arbitrum combine stability with high returns

The promise of guaranteed high yields with downside protection is often a red flag when navigating a sea of DeFi app marketing speak.

Yields are often exaggerated while risks get buried. It’s easy to promote sky-high APRs when you print your own token to fund temporary incentives.

In the offchain financial world, however, there is such a wild beast emerging from the depths: Shark Fin notes.

DeFi app Cega Finance, a leader in exotic options and structured financial products, launched an onchain version on Ethereum and Arbitrum today.

A Shark Fin is a type of structured financial product that offers a unique risk-reward profile. These notes provide investors with enhanced returns if the…

Read more on Blockworks

German Government Moves Millions in Bitcoin to Exchanges

The German government has transferred millions in seized Bitcoin to major Bitcoin and crypto exchanges Kraken and Coinbase, according to blockchain analysis firm Arkham.

The transfers originated from a wallet connected to the German Federal Criminal Police Office (BKA). In 2013, the BKA seized almost 50,000 Bitcoin, from a film piracy website.

On Tuesday, the BKA wallet moved $24 million in Bitcoin across two transactions to Kraken and Coinbase. An additional $30 million in Bitcoin was sent to an unknown wallet not affiliated with an exchange.

Arkham data shows that these transfers follow previous movements of $195 million in Bitcoin to exchanges on June 19 and 20. Over $425 million has…

Read more on BitcoinMagazine

LATEST: Bitcoin Lightning App Strike Launches in UK for Global Transfers

Strike, the innovative Bitcoin and Lightning Network payments platform, has officially launched in the United Kingdom. The move targets the UK’s substantial economy and population, offering residents the ability to effortlessly buy, sell, and transfer Bitcoin. CEO Jack Mallers highlighted the strategic expansion as part of Strike’s mission to promote global Bitcoin adoption, enhancing financial inclusion and innovation across the UK.

The UK launch introduces unique features such as free unlimited GBP deposits, instant buying options, and “free” on-chain withdrawals designed to accommodate high network congestion periods. UK users also benefit from automatic conversion, scheduled purchases, and the ability to make instant global payments without restrictions via both the Bitcoin and Lightning Networks.

Amid regulatory challenges, Strike’s entry into the UK market demonstrates a significant commitment to facilitating seamless, cost-effective digital transactions. This expansion not only supports Bitcoin’s use at scale but also solidifies the UK’s evolving stance towards embracing cryptocurrency within its regulatory frameworks.

Source

Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Creo Engine (CREO): 35%
  2. Trog (TROG): 25%
  3. CHIPPY (CHIPPY): 18%
  4. Beoble (BBL): 12%
  5. Masa (MASA): 11%

$10M – $100M MarketCap:

  1. Farcana (FAR): 117%
  2. jeoBoden (BODEN): 49%
  3. Medibloc (MED): 31%
  4. Circuits of Value (COVAL): 31%
  5. Lifeform (LFT): 31%

$100M – $1B MarketCap:

  1. Popcat (POPCAT): 54%
  2. Mog Coin (MOG): 38%
  3. Nosana (NOS): 32%
  4. Dora Factory (DORA): 32%
  5. Apu Apustaja (APU): 19%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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NEW: Anthony Pompliano Believes Bitcoin Will Protect AI-Created Wealth

Venture capitalist and Bitcoin advocate Anthony Pompliano recently highlighted Bitcoin’s role in securing the wealth generated by artificial intelligence. In an interview with CNBC, he noted that as AI drives unprecedented economic growth, Bitcoin will serve as a crucial asset for wealth preservation. This synergy between AI and cryptocurrency, he suggests, could boost global GDP.

Despite a recent dip in Bitcoin’s value and a neutral market sentiment, Pompliano remains optimistic. He dismissed concerns over the cryptocurrency’s latest 15% price drop, suggesting it’s typical of bull markets and anticipates a significant rally by late 2024. He underscored the strategic interplay of AI innovations and Bitcoin in future financial security.

Pompliano’s perspective offers a reassuring outlook for cryptocurrency enthusiasts, positing Bitcoin as a stable repository for AI-generated wealth, despite the recent market fluctuations and negative trends. His confidence underscores a broader expectation of Bitcoin’s resilience and essential role in the tech-forward economy.

CNBC