Coresky, A Platform For Generating And Trading Asset-Packed NFTs, Will Launch Its Second Launchpad On May 7th

Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday.

Market observers have been keeping a close eye on First Republic Bank since the collapse of three major banks in March. The bank disclosed earlier this month that it experienced $100 billion in withdrawals by customers in March, following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank. Additionally, 11 banks injected $30 billion into First Republic Bank to strengthen its reserves.

On Friday, Reuters reported that the U.S. government is coordinating with the bank’s advisers to possibly save First Republic Bank, as talks led by the advisers have yet to reach a deal in the private-sector. This development comes after rumors emerged three days earlier that the bank would enter federal receivership. According to Reuters reporters Nupur Anand, Andrea Shalal, and Greg Roumeliotis, three sources familiar with the situation say:

U.S. officials are coordinating urgent talks to rescue First Republic Bank.

The Reuters report notes that two sources have revealed that executives from First Republic Bank are actively searching for a rescue deal, and U.S. officials are of the opinion that a private-sector agreement would be “preferable.” The collapse of First Republic Bank, the 14th largest bank in the U.S., could lead to further contagion in the banking sector. Moreover, the U.S. central bank is set to release a post-mortem on Silicon Valley Bank this afternoon.

“We are engaged in discussions with multiple parties about our strategic options while continuing to serve our clients,” First Republic said in a statement to Reuters.

What do you think the potential impact of a First Republic Bank collapse would be on the broader banking sector? Share your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Michael Vi / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday.

Market observers have been keeping a close eye on First Republic Bank since the collapse of three major banks in March. The bank disclosed earlier this month that it experienced $100 billion in withdrawals by customers in March, following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank. Additionally, 11 banks injected $30 billion into First Republic Bank to strengthen its reserves.

On Friday, Reuters reported that the U.S. government is coordinating with the bank’s advisers to possibly save First Republic Bank, as talks led by the advisers have yet to reach a deal in the private-sector. This development comes after rumors emerged three days earlier that the bank would enter federal receivership. According to Reuters reporters Nupur Anand, Andrea Shalal, and Greg Roumeliotis, three sources familiar with the situation say:

U.S. officials are coordinating urgent talks to rescue First Republic Bank.

The Reuters report notes that two sources have revealed that executives from First Republic Bank are actively searching for a rescue deal, and U.S. officials are of the opinion that a private-sector agreement would be “preferable.” The collapse of First Republic Bank, the 14th largest bank in the U.S., could lead to further contagion in the banking sector. Moreover, the U.S. central bank is set to release a post-mortem on Silicon Valley Bank this afternoon.

“We are engaged in discussions with multiple parties about our strategic options while continuing to serve our clients,” First Republic said in a statement to Reuters.

What do you think the potential impact of a First Republic Bank collapse would be on the broader banking sector? Share your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Michael Vi / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current statistics. This milestone has been reached within just over four months since the first Ordinal inscription was minted on December 16, 2022, at block height 767,753. In total, inscription minting fees have amounted to 196.22 bitcoin, equivalent to $5.78 million.

The trend of Ordinal inscriptions on the Bitcoin blockchain continues to grow, with over 2,116,396 inscriptions discovered at the time of writing. These inscriptions are composed of various formats such as text, video, images, applications, and audio.

Dune Analytics statistics reveal that 67.6% of all inscriptions are in text form, while 22.6% are images in the form of JPG or PNG files. Moreover, more than 13,000 Ordinal inscriptions include an application, and over 6,000 image inscriptions are animated. There are several collections of Ordinal inscriptions that have gained popularity and have established floor values and weekly trade volumes.

According to data from ordinalswallet.com, the highest trade volume this week was observed for Clay Pepes, with 4.57 BTC or $134,082 in seven-day trade volume. The collections following Clay Pepes in terms of trade volume are Sub-100K, Bitcoin Punks, Pixel Pepes, Sub-10K, and BTC Machines, respectively. While the Ordinal inscription trend surpassed 2 million inscriptions, it coincided with the discovery of a bug that resulted in the orphaning of 1,200 inscriptions from the index.

Leonidas.og, a historian of non-fungible tokens (NFTs), explained that the orphaned inscriptions occurred just before inscription number 420,285. “The bug was caused by the ordinals protocol only counting inscriptions that were in the first input of a transaction,” the NFT historian added. Furthermore, even with the introduction of new blockchain features such as Bitcoin Stamps and Litecoin-based Ordinal inscriptions, the trend of BTC-based Ordinal inscriptions has not been affected.

Currently, there are just over 18,500 stamps on the Bitcoin blockchain since the project’s inception. On the other hand, Litecoin Ordinal inscriptions have seen more activity with 224,060 inscriptions, but the trend of LTC-based inscriptions has slowed down in recent times. Despite the introduction of these new features, the popularity of Ordinal inscriptions continues to grow, indicating a strong and resilient market for this type of digital collectible scheme.

What do you think the future holds for the Ordinal inscription trend on the Bitcoin blockchain? Will we see continued growth in popularity, or will it eventually plateau? Share your thoughts in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current statistics. This milestone has been reached within just over four months since the first Ordinal inscription was minted on December 16, 2022, at block height 767,753. In total, inscription minting fees have amounted to 196.22 bitcoin, equivalent to $5.78 million.

The trend of Ordinal inscriptions on the Bitcoin blockchain continues to grow, with over 2,116,396 inscriptions discovered at the time of writing. These inscriptions are composed of various formats such as text, video, images, applications, and audio.

Dune Analytics statistics reveal that 67.6% of all inscriptions are in text form, while 22.6% are images in the form of JPG or PNG files. Moreover, more than 13,000 Ordinal inscriptions include an application, and over 6,000 image inscriptions are animated. There are several collections of Ordinal inscriptions that have gained popularity and have established floor values and weekly trade volumes.

According to data from ordinalswallet.com, the highest trade volume this week was observed for Clay Pepes, with 4.57 BTC or $134,082 in seven-day trade volume. The collections following Clay Pepes in terms of trade volume are Sub-100K, Bitcoin Punks, Pixel Pepes, Sub-10K, and BTC Machines, respectively. While the Ordinal inscription trend surpassed 2 million inscriptions, it coincided with the discovery of a bug that resulted in the orphaning of 1,200 inscriptions from the index.

Leonidas.og, a historian of non-fungible tokens (NFTs), explained that the orphaned inscriptions occurred just before inscription number 420,285. “The bug was caused by the ordinals protocol only counting inscriptions that were in the first input of a transaction,” the NFT historian added. Furthermore, even with the introduction of new blockchain features such as Bitcoin Stamps and Litecoin-based Ordinal inscriptions, the trend of BTC-based Ordinal inscriptions has not been affected.

Currently, there are just over 18,500 stamps on the Bitcoin blockchain since the project’s inception. On the other hand, Litecoin Ordinal inscriptions have seen more activity with 224,060 inscriptions, but the trend of LTC-based inscriptions has slowed down in recent times. Despite the introduction of these new features, the popularity of Ordinal inscriptions continues to grow, indicating a strong and resilient market for this type of digital collectible scheme.

What do you think the future holds for the Ordinal inscription trend on the Bitcoin blockchain? Will we see continued growth in popularity, or will it eventually plateau? Share your thoughts in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. Asset-packaged NFT issuance and trading platform Coresky announced that it will launch its second Launchpad on May 7th, Eastern Time. As the world’s first Asset-packaged NFT issuance and trading platform, Coresky continues to offer its second Launchpad after the successful issuance of the Celestia-packaged NFT in the first Launchpad project.

In this Launchpad, Coresky platform will mint its own 800,000 Hole tokens, with a total value of up to $250,000, into multiple Wormhole-packaged NFTs. This digital asset will mint the primary market Wormhole project token Hole into NFT form. Users who hold Wormhole-packaged NFT represent that they have primary market tokens for the Wormhole project.

Wormhole is a well-known cross-chain protocol in the current Web3 industry. Currently, the protocol has successfully transmitted billions of messages with a total transaction volume exceeding $35B. Wormhole connects multiple public chains including Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, and Oasis, and it is one of the few cross-chain products that support multiple different types of public chains for the unpublished token.

Only users who hold Coresky’s identity NFT CoreCard can participate in the Wormhole-packaged NFT issuance subscription. Currently, users can mint CoreCard for free by logging into the Coresky platform. CoreCard is divided into six levels, and users at levels 4-5 will receive a total value of $50,000 worth of Wormhole-packaged NFTs given away for free by the platform. Users can choose to upgrade their CoreCard to V4 or V5 level through trading mining on the Coresky platform or directly purchase V4 and V5 level CoreCards in the Coresky Marketplace.

In the Launchpad event of this period’s Wormhole-packaged NFT, Coresky will take a snapshot of the addresses holding CoreCard V4 and V5 at 00:00 on May 5th Eastern Time. At that time, it will be announced how many Wormhole-packaged NFTs can be obtained for free by V4 and V5 level CoreCard holders.

Coresky Launchpad focuses on issuing Asset-packaged NFTs. The first Launchpad project, Celestia-packaged NFT, has been successfully sold with a user winning rate of 5.2%, and the NFT’s price increased by 35% on the day of sale. Users holding the highest level CoreCard V5 on the platform earned an average income of about 2 ETH. With the continuous launch of Coresky Launchpad Asset-packaged NFT projects and the ongoing free allocation of platform Asset-packaged NFT quotas to CoreCard V4 and V5 users, they will continue to receive substantial profits.

Currently, the Asset-packaged NFTs pioneered by the platform mainly package tokens that have not been issued in the primary market. Users who hold this Asset-packaged NFT will receive the corresponding tokens when the corresponding project goes live. The token unlocking mechanism for each period of Coresky Launchpad Asset-packaged NFT depends on the primary market investment rounds of Coresky platform in that project. For example, in the case of Wormhole-packaged NFTs, the investment round of Coresky platform is the institutional round, and the Hole token will be locked for one year and then unlocked linearly over the following three years. Users who hold Wormhole-packaged NFT only need to wait for the token to be unlocked and then claim it on the chain to obtain the token.

Users who want to participate in this period’s Launchpad need to mint and bind CoreCard on the Coresky official website. After meeting the 7×24 hour time requirements, users will receive Tickets produced by CoreCard. Using Tickets, users can participate in the new issuance activity of Wormhole-packaged NFTs. Users who are selected will gain the right to mint Wormhole-packaged NFTs.

Coresky is the global leader in Asset-packaged NFT issuance and trading platforms. The launch of this second Launchpad further proves its leading position. Coresky’s Asset-packaged NFTs provide users with the opportunity to participate in investing in the primary market of the Web3 industry, while also expanding the types of NFTs, breaking the boundaries of NFTs, and creating a new model for trading equity-based NFTs.

Users from the global crypto industry are welcome to log on to the Coresky trading platform to learn more:

Coresky trading platform: https://www.coresky.com/

Twitter: https://twitter.com/Coreskyofficial

Discord: https://discord.gg/coresky

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.