Osmosis Launches Smart Accounts for One-Click Trading on Its Cosmos-Based Platform
Daily Top Performer — Avalanche (AVAX)
Last week, the SPX index was down by 1.97%, reflecting a preference shift from mega-cap tech stocks to smaller-cap stocks. Additionally, US stocks were negatively impacted on Friday by a significant IT outage caused by an issue with CrowdStrike software affecting Microsoft Windows, which disrupted services globally across various sectors. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 0.53% and 0.39%, respectively in the past 24 hours.
Today's top performer is AVAX, which surged 10.8% following the launch of Ash Wallet, bringing advanced Safe features to the Avalanche L1 ecosystem.
Avalanche (AVAX), launched in September 2020, is a blockchain platform that addresses scalability, security, and decentralization using a unique Proof of Stake mechanism. It supports smart contracts and decentralized applications (dApps) similar to Ethereum, facilitating interoperability across various DeFi ecosystems. Recently, Ash Wallet has launched, integrating Safe (formerly Gnosis Safe) functionalities into the Avalanche L1 ecosystem to provide secure, multisig smart accounts. Subsidized by the Avalanche Foundation and managed by the Ash team, it offers developers a simplified infrastructure setup and enhances user security and usability.
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Talk of the Town:
Osmosis, a Cosmos-based blockchain project and cross-chain exchange, has launched "Smart Accounts" enabling one-click trading for its users. This feature, which came into effect following the approval of proposal 796, allows secure trading without the need for multiple wallet approvals. One-click trading is part of a broader set of user experience enhancements planned for Smart Accounts, including support for Passkeys and Face ID authentication, aimed at simplifying onboarding and improving account management in DeFi.
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Bitcoin Spot ETF Flows:
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
15 July 2024 | 0.0 | 300.9 | 300.9 |
16 July 2024 | 0.0 | 422.5 | 422.5 |
17 July 2024 | (53.9) | 107.2 | 53.3 |
18 July 2024 | (22.5) | 59.7 | 37.2 |
19 July 2024 | 20.3 | 363.3 | 383.6 |
Total | (56.1) | 1253.6 | 1197.5 |
Current Total: | (18,694) | 35,702 | 17,008 |
Bitcoin Spot ETFs have accumulated over $17 billion in net inflows to date, primarily driven by BlackRock's IBIT and Fidelity's FBTC. Despite overall growth, Grayscale's GBTC saw significant outflows of $56 million last week, indicating shifting investor preferences.
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Airdrop to Watch:
Blum, a Telegram-integrated hybrid crypto exchange, is offering a high-potential airdrop. The platform features a broad selection of cryptocurrencies and tokens and is expanding rapidly. Participants can earn Blum points (BP) by completing simple tasks on Telegram, with additional points available every eight hours through a farming option. To participate, users need to follow a series of steps beginning with a specific link on Telegram.