Odaily News Valour has launched eight cryptocurrency exchange-traded products (ETPs) denominated in Swedish kronor, covering Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB, Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB) and Stacks (STX). It is reported that each product provides regulated, exchange-traded underlying assets with a management fee of 1.9%. (Globenewswire)

Odaily News Avalanche developer Ava Labs and the Filecoin Foundation announced the launch of a native cross-chain data bridge based on the Filecoin Virtual Machine (FEVM), connecting the Avalanche C-Chain and the Filecoin network, aiming to provide a verifiable decentralized storage solution for Web3 applications. The cross-chain bridge also supports the deployment of the Avalanche Fuji testnet and the Filecoin Calibration testnet.

Odaily News Filecoin Foundation and Lockheed Martin Space announced that they have successfully used a version of the Interstellar File System (IPFS) to achieve data transmission in space. The test was conducted on a satellite orbiting the Earth. Marta Belcher, president of the Filecoin Foundation, said that IPFS can effectively reduce the latency of space data transmission by addressing content and obtaining data from the most recent copy. In addition, the distributed architecture of IPFS helps to deal with data corruption caused by radiation and ensures data integrity through cryptographic verification, which is critical for data reliability in space environments. (Cointelegraph)

Odaily News According to the official announcement, BitMart will launch NKN (NKN) at 12:00 (ET on May 16), and the NKN/USDT trading pair will be opened. Nkn (New Network) is a new network infrastructure and ecosystem driven by blockchain technology, which is open, decentralized and community-shared. Nkn encourages users to share excess network bandwidth, assists equipment service providers to effectively configure network resources, and encourages individuals and enterprises to deploy more nodes to join the network and provide data transmission services to other nodes, thereby obtaining economic returns. Nkn's goal is to use blockchain technology to create new opportunities for network transmission and solve the problems of resource allocation, transmission efficiency and value transmission in the current network. Following the computing power of the Ethereum blockchain and the storage capacity of the Filecoin/IPFS blockchain, Nkn has become a public chain infrastructure that has blockchainized another core element of information technology - network transmission resources. Its technological innovation lies in dynamic routing, network relay proof, highly scalable consensus mechanism and resource sharing incentives. The Nkn token is the original token in the Nkn ecosystem economy, which is used to encourage network resource sharing and effectively utilize excess network bandwidth.

Odaily News On April 29, according to SoSoValue data, the crypto market rebounded across the board, with the AI sector leading the way with a 9.07% increase. Within the sector, Bittensor (TAO), Render (RENDER), ai16z (AI16Z), and Virtuals Protocol (VIRTUAL) rose by 8.16%, 8.78%, 18.03%, and 39.50% respectively in 24 hours. In addition, Bitcoin (BTC) rose by 2.04% in 24 hours, once rising to above $95,000. Ethereum (ETH) rose by 1.80%, approaching the $1,800 mark. It is worth mentioning that MAG7.ssi rose 1.79%, DEFI.ssi rose 3.52%, and MEME.ssi rose 2.13%. Other sectors with outstanding performance include: DePIN sector rose 6.09% in 24 hours. Within the sector, Filecoin (FIL), IOTA, and Theta Network (THETA) rose 2.97%, 3.16%, and 7.13% respectively; GameFi sector rose 5.33%, of which Decentraland (MANA) and GALA rose 5.49% and 6.56% respectively; NFT sector rose 4.40%, SuperVerse (SUPER), Apecoin (APE), and Moca Coin (MOCA) rose 5.29%, 5.66%, and 29.91% respectively. The crypto sector index, which reflects the historical trends of the sector, shows that the ssiAI, ssiDePIN, and ssiGameFi indices rose by 9.12%, 6.59%, and 5.58% respectively in the 24 hours. In terms of other sectors, the DeFi sector rose 4.27% in 24 hours, the Layer2 sector rose 3.48%, the Meme sector rose 3.10%, the PayFi sector rose 3.06%, and the Layer1 sector rose 2.44%.

Odaily News According to the official announcement, Binance is expected to suspend the token recharge and withdrawal services of the Filecoin (FIL) network at 18:00 (Eastern Time) on April 14, 2025 to support its network upgrade. The project will upgrade the network at block height 4,878,840 (estimated to be 19:00 ET on April 14, 2025).

Odaily News According to official news, Upbit has added the KRW trading pair of Filecoin (FIL).

Odaily News Filecoin ecosystem liquidity pledge agreement Glif announced the launch of the governance token GLF and is distributing 94 million tokens in the airdrop. Glif previously planned to airdrop 100 million GLIF to qualified users, accounting for 10% of the total supply, but adjusted the number based on participation. The remaining tokens will be returned to the community reward pool and distributed later. (The Block)

Odaily News According to Messari's latest quarterly report, Secured Finance launched the FIL collateralized stablecoin USDFC based on the Filecoin ecosystem in the fourth quarter of 2024. The stablecoin aims to introduce stability and liquidity support to the Filecoin ecosystem. USDFC allows FIL holders and storage providers to use FIL tokens as collateral to obtain USD stablecoins. This mechanism enables participants to obtain operating funds without having to sell FIL, effectively protecting the value of FIL and maintaining network participation. The launch of this stablecoin will also significantly increase the liquidity of the lending market in the Filecoin ecosystem and improve the efficiency of capital use in the entire ecosystem. The addition of this innovative financial tool will bring more financial application scenarios to the Filecoin ecosystem and help promote the further development of the ecosystem. The launch of USDFC marks an important step for Filecoin in the DeFi field, providing more flexible fund management options for ecosystem participants and injecting new vitality into the entire ecosystem.

Odaily News Crypto network Lit Protocol announced the LITKEY token economics, with ecosystem airdrops accounting for 4.8%, investors accounting for 16%, public sales accounting for 6%, private sales accounting for 3%, development team accounting for 29.1%, and ecosystem incentives accounting for 41.1%. According to previous news, Lit Protocol completed a US$13 million Series A financing in 2022, led by 1kx, with participation from 6thManVentures, A Capital, Eniac Ventures, Figment, Filecoin, LAO, Lattice Capital, OpenSea Ventures, Slow Ventures, Spaceship, Valhalla Ventures, Village Global and Visary Capital.