Ethereum co-founder Vitalik Buterin has re-upped his post from 1.5 years ago on “Layer 3s”, saying that L3s won’t magically increase throughput. Still, they can reduce certain fixed costs associated with batch publishing and deposits or withdrawals. His statement comes amid concerns that Layer 3 networks are taking away from Ethereum’s value and security. L3...Read More
The United States government may be selling more of its massive Bitcoin (BTC) stash, potentially piling more sell pressure onto the crypto market, according to blockchain data. On-chain sleuth ZachXBT noted on Tuesday that government controlled Bitcoin tied to Silk Road initiated a small transaction to Coinbase – the crypto exchange previously used by the...Read More
On April 1, Juicebox’s content manager appeared to have announced that the Ethereum-based crowdfunding platform had secured a fake $69 million funding round supported by the crypto venture capital company Paradigm. However, it was later revealed to be an April Fools’ Day prank, causing JBX speculators to incur losses exceeding 20%. JuiceBox’s April Fools’ Day...Read More
The Bitcoin mining industry had its most lucrative month ever in March, pocketing over $2 billion for securing the leading crypto network. Data from Blockchain.com shows that miners, in aggregate, averaged $65.23 million per day over the 30 days ending March 31. Miners In Massive Profit The latest figure shatters the 30-day averages of the...Read More
Brevard, NC, April 2nd, 2024, Chainwire In a significant move within the decentralized finance (DeFi) real estate landscape, YakDAO is set to revolutionize the ecosystem with the launch of its native token, $YAKS, on the Arbitrum network, available for trading on Uniswap starting April 2, 2024. This launch is not just a testament to YakDAO’s...Read More
[PRESS RELEASE – Singapore, Singapore, April 2nd, 2024] Web3 gaming platform Gomble Games, a spinoff of the renowned game studio ‘111%’, has now secured a total of $10 million in cumulative investment. Recent rounds saw Gomble receiving investments from Spartan, Hashed, IOSG Ventures, Foresight Ventures, BigBrain Holdings, and others. This follows on from the initial...Read More
The digital asset markets expanded substantially over the first quarter of 2024, catalyzed by an end to the decade-long effort to introduce spot Bitcoin ETFs in the US. While Q1 was a turning point in many ways, Q2 kicked off on a turbulent note. Bitcoin’s plunge below $65K and the substantial decline in altcoins’ market...Read More
Amidst a market-wide correction, Coinbase experienced its second-largest Bitcoin outflow this week, with two massive withdrawals of 16,800 BTC and 17,000 BTC, respectively. Typically, when assets depart from centralized crypto exchanges like Coinbase, it indicates a bullish sentiment as it restricts the immediate selling pressure on those coins. Inflows to crypto exchanges, on the other...Read More
In an interview with ABC News, former FTX CEO Sam Bankman-Fried expressed remorse for his actions, which led to a 25-year prison sentence for fraud. The interview, conducted via email from the Metropolitan Detention Center in Brooklyn, marks the first time he has spoken publicly since his sentencing last week. SBF Admits ‘Bad Decisions’ Led...Read More
[PRESS RELEASE – New York, United States, April 2nd, 2024] NAVI Protocol has announced the creation of the NAVI X Ecosystem Fund, committing 10M NAVX tokens to support the growth and innovation of the Sui blockchain’s DeFi and Move-based ecosystem. This initiative aims to provide vital resources for projects at different stages of development, with...Read More
Bitcoin’s second quarter started on a turbulent note, with the options market once again serving as a harbinger of sharp movements, notably in the downside skew of risk reversals. Bitcoin briefly plummeted to $65,500 from the lofty height of $70k. During the same period, Ethereum saw its value dip to lows of $3,320. Q2 Begins...Read More
Shiba Inu (SHIB), one of the industry’s most popular meme coins and crypto ecosystems, trailed behind other popular tokens like Dogecoin (DOGE) last week, with a price decline of 8% on the weekly scale. However, SHIB might be poised for further growth, according to popular analyst Captain Faibik (CryptoFaibik on X). The analyst, citing data...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, April 2nd, 2024] Moongate announces the closing of a $2.7M Seed round to develop a Modular Web3 Engagement Layer for Real-World Activations. Backed by its success in disrupting the ticketing industry, the company aims to expand its reach into other sectors to transform interactive experiences using blockchain and...Read More
[PRESS RELEASE – Singapore, Singapore, April 2nd, 2024] Ethlas, a trailblazer in the Web3 gaming industry, announces the groundbreaking SkillFi model alongside its flagship game, Battle Showdown: Gambit. The game is set to empower players to monetize their skills, fostering a sustainable economic ecosystem within the game. The Gambit Ecosystem Battle Showdown: Gambit introduces a...Read More
Liquidations are mounting up as total market capitalization crashed more than 6% over the past few hours. This has resulted in around $200 billion exiting the space as it fell to around $2.5 trillion, according to CoinMarketCap. CoinGecko reports a slightly different figure, with the total cap dropping to around $2.6 trillion at the time...Read More
Amidst improved investor sentiment, blockchain security firm PeckShield’s report for March 2024 revealed a concerning surge in crypto hacks, with over 30 incidents causing approximately $187.29 million in losses. Despite these setbacks hindering progress in the DeFi sector, the community can find some solace in the recovery of almost $99 million during the same period....Read More
In the latest crypto recap, Ethereum (ETH) maintains its position around $3,600 amidst growing speculation surrounding the potential approval of an ETF. Meanwhile, Shiba Inu (SHIB) exhibits stability in its price movement, holding steady in the volatile crypto market. Notably, Furrever Token (FURR) has emerged as a standout performer, raising an impressive $570,000 in its...Read More
[PRESS RELEASE – Vancouver, Canada, April 1st, 2024] JYDS emerges as a new memecoin with innovative tokenomics and a fresh perspective in the meme coin market on the Solana blockchain. JunkYard Dogs Sol (JYDS) is gaining traction as a unique memecoin looking looking to capitalize on the burgeoning meme coin market. Through its ongoing presale,...Read More
Vitalik Buterin – the co-founder of Ethereum – shared insights on the next steps in the protocol’s simplification and easing the burden on node resources, also known as ‘Purge.’ The Purge essentially aims to safeguard the protocol by optimizing data storage. At the same time, it also seeks to address design decisions that were made...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, April 1st, 2024] Quick Take BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance decentralized exchange, offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of centralized exchanges with the self-custody...Read More
[PRESS RELEASE – Louis, Singapore, April 1st, 2024] OPZ Token ($OPZ) is an all-in-one solution that combines a wallet on iOS & Android, decentralized exchange, advanced AI trading, and NFC technology. It provides 1,000,000,000 tokens for traders. Using ERC-20, this token employs powerful AI trading technology to handle users’ trades. Traders buy and hold the tokens,...Read More
The government of Argentina is calling on all local crypto firms to register with its new regulatory body dedicated to the sector – or to cease operating entirely. On March 14, the nation’s senate passed legislation approving the Registry of Virtual Asset Service Providers, in line with recommendations from the Financial Action Task Force. More...Read More
Toincoin (TON) has attracted considerable interest lately, experiencing a 138% surge year-to-date, reaching a new all-time high of $5.69. This development coincides with Telegram’s recent launch of a revenue-sharing initiative, enabling channel owners to earn 50% of advertising revenue through Toncoin. The Reasons Behind TON’s Rapid Rise The Toncoin token (TON) has experienced a notable...Read More
[PRESS RELEASE – Singapore, Singapore, April 1st, 2024] Orbiter Finance, a trailblazer in the decentralized finance sector, is thrilled to announce the development of Vizing, a state-of-the-art ZK-powered Ethereum layer 2 network designed to redefine the blockchain landscape. This groundbreaking initiative is supported by the strategic backing of OKX Ventures, the investment arm of the renowned...Read More
The NFT world has built many fortunes by lifting them up with great profits! 2024 is deemed to be the year which will bring back the NFTs. As we know, despite the sluggish start in 2023, NFTs revived in the last quarter of the year. The bullish crypto market and SEC’s Bitcoin ETF approval led...Read More
Bitwise Asset Management, a provider of cryptocurrency index funds, wants the U.S. Securities and Exchange Commission (SEC) to defer approval for a spot Ethereum Exchange-Traded Fund (ETF) until December. Bitwise Chief Investment Officer Matt Hougan told Forbes in an interview that the industry’s focus on Bitcoin-related products may hinder the necessary attention required for the...Read More
Polygon Labs CEO Marc Boiron has voiced his discontent with layer-3 (L3) networks, saying their existence is taking away Ethereum’s value. His statement comes amid growing excitement around L3 networks such as Degen Chain, which are built on top of L2s to facilitate application-specific dApps that offer solutions such as scaling, costs, and interoperability. How...Read More
Tether, the world’s largest stablecoin issuer, bought another 8,889 BTC. The latest purchase is valued at around $627 million, bringing its Bitcoin holdings to 75.354K BTC. Overall, the company now has $5.26 billion worth of Bitcoin reserves, according to the data compiled by Arkham Intelligence. Bitcoin Holdings Tether first bought Bitcoin in September 2022. Later...Read More
On April 1, the macroeconomics outlet Kobeissi Letter released the key events for this week’s busy economic calendar in the United States. As crypto markets brace for another data-heavy week, volatility could return, with Bitcoin approaching resistance levels at its all-time high. Crucial job market reports are scheduled to be released on Friday, and Fed...Read More
Meme coin hype has dominated crypto social media recently as more seemingly worthless tokens were pumped over the weekend. Industry observer “L” told their 46,000 X followers on April 1 that it is “obvious” that the meme coin craze is retail-driven. “Meme coins are the clear indicator of whether retail is here. It’s obvious to...Read More
