DYDX Set to Launch Private Testnet Based on Cosmos Blockchain on March 28

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Today’s Cryptocurrency Headline

DYDX is set to launch its private testnet based on the Cosmos blockchain on March 28th and will open it up to some external parties for the first time. In the second phase, the exchange will run an internal testnet for its developers to check all of its basic functions. The third phase will see a private testnet that will be opened to whitelisted third parties who will act as validators on the network. Looking ahead to the final two phases, the goal is to launch its public testnet in July, with the mainnet expected to be available by the end of September 2023. DYDX is also building an iOS app, an Android app, and a website.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to CoinShare, digital asset investment products saw inflows totaling US$160m, the largest since July 2022. Bitcoin is down 3.15 % over the last 24 hours and fell to an intraday low of $26,508.09. upsloping 20-day EMA ($26,062) and the relative strength index (RSI) in the positive territory indicate the market sentiment remains positive. If the price drops below $27,000, the BTC/USDT pair could find support around $26,500.

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