Renzo (REZ), the promising cryptocurrency coin, made a noticeable improvement, jumping 10% following its inclusion in Coinbase's listing roadmap. Expected to be officially listed on February 25, 2025, it initially debuted on the market with an impressive $289M cap.
However, following its listing on Binance, the market faced some turbulence resulting in a substantial plunge of more than 35%. This news didn't deter investors as the trading for REZ, along with FLOKI, NTRN, SAGA, and STRD opened on July 16.
In an exciting development, users can now even farm REZ by staking BNB and FDUSD on Binance Launchpool.
Renzo Capital leveraged the surge in restaking to raise $17M from Galaxy and Brevan Howard. Binance has also announced that it would be launching
Renzo’s REZ token on its Launchpool.
On a legislative front, Post vice-President Biden’s threat to veto a Bill, the Senate passed it, overturning the SEC rule on Bitcoin and crypto custody. Meanwhile, The house voted to nullify the SEC’s anti-crypto banking guidance SAB 121. An Explainer discusses the workings of a strategic reserve for Bitcoin in the US.
Even with the
Bitcoin struggle, some crypto market news was positive. BlackRock's Bitcoin ETF became the largest while development flourished on the OG Blockchain. The power demand of Blockchain, however, remains a challenge.
The impact of these developments on the future price of REZ remains to be seen.
REZ Coin News Analytics from Mon, 30 Jun 2014 07:00:00 GMT to Tue, 25 Feb 2025 16:00:00 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 1
