Renzo, a leading
ETHliquid restaking protocol with a $3.3B Total Value Locked (TVL), introduced its
REZ Token economics and debuted at
$289M market cap. REZ braced the market headwinds, plunging over
35% following its listing on Binance. Despite the drop, Renzo capitalized on the restaking frenzy, raising
$17M from Galaxy and Brevan Howard. Binance listing
REZ as their 53rd Launchpool Project enabled users to farm EZ over six days. However, Binance listings have raised concerns as some tokens faced a significant drop post-listing.
Adding to the market fluctuations, the US Senate passed a bill to overturn an SEC rule on Bitcoin and crypto custody. While the crypto community hails the decision, President Biden threatens to veto the legislation, which may impact digital assets, including REZ. Binance's Changpeng Zhao release could boost 5 altcoins, and D-listing of some cryptocurrencies on May 6, 2024, might add to the market's volatility.
On a positive note, the Binance Launchpool crypto exchange will receive
2.5% of the total REZ token supply, potentially influencing the coin's performance. However, these developments and future REZ price will mainly depend on market trends, regulations, and the broader crypto ecosystems.
REZ Coin News Analytics from Mon, 30 Jun 2014 07:00:00 GMT to Sun, 10 Nov 2024 08:00:00 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -4
