Author: Lalit Mohan
In 2025, Swift plans to launch live bank trials for transactions involving digital assets
Starting next year, Swift said banks in North America, Europe and Asia would begin live trials of digital asset and currency transactions across its worldwide messaging network, which supports more…
AAVE V3 crosses $10 billion TVL as the DeFi comeback picks up steam
As of September 28, the newest version of the well-liked decentralized lending system, AAVE V3, had amassed more than $10 billion in total value locked (TVL) on Ethereum. Reaching this…
Mango Markets and Mango DAO have reached a settlement to resolve SEC allegations related to the unreported sale of MNGO tokens
Mango DAO, which had been accused of trading MNGO tokens illegally, consented to a settlement with the US Securities and Exchange Commission. Mango DAO and Blockworks Foundation, a Panamanian organization,…
$10.8 million in fresh financing is raised by the Solana DePIN Mawari Network
In a strategic fundraising round, Mawari Network, a decentralized physical infrastructure network (DePIN) focused on spatial computing, raised $10.8 million. The DePIN is located on Solana. According to Mawari Network…
After the announcement of the second airdrop, LayerZero activity increases by 433%
The protocol just announced a second airdrop, which revitalized the ecosystem. This rise follows suit. The current jump indicates a resurgence of interest in the protocol, since it is a…
Warpcast, a web3 social protocol client, debuts the new Farcaster “mini app” functionality
Farcaster Frames allow builders to turn every post on Farcaster into an interactive app. The decentralized social media protocol now has a native app development method thanks to the debut…
According to a rumor, Polymarket plans to introduce a token to generate over $50 million
According to the story, which cited sources, “investors in the round will receive token warrants, which grant them the right to purchase tokens if Polymarket launches them at a later…
Ethereum transaction costs rise concurrently with a decline in active accounts to year-to-date lows
For the first time since July 2020, the average Ethereum transaction fee dropped below $1 USD in the beginning of September. This was far before Ethereum’s proof-of-stake Merge, blob enhancements,…
$12 million in Ether is moved by the WazirX hacker to be laundered via Tornado Cash
It seems that the group responsible for the $230 million theft of the Indian cryptocurrency exchange WazirX in July moved another batch of 5,000 ether ($12 million) to an intermediate…
The SEC accuses DeFi platform Rari Capital of engaging in unregistered broker activity and deceiving investors
Co-founders of Rari Capital Jai Bhavnani, Jack Lipstone, and David Lucid misled investors by claiming that their managed Earn pools, which let investors lend tokens to earn yield, would “automatically…
$5 million funding round for Vana, a network for user-owned data, is led by Coinbase Ventures
Coinbase Ventures led the strategic round, according to a statement from the business. Additionally, Vana has secured money from the well-known cryptocurrency venture capital firm Paradigm, which resulted to a…
Ethereum investors saw a 60% drop in on-chain activity since March, along with a dip in 7DMA revenue
On Thursday, September 12, the daily staker revenue 7-day moving average (7DMA) for Ethereum dropped to $5.44 million. This indicator has not seen lower numbers since the middle of February,…
$3.2M Seed Round for RISE, the Gigagas Layer 2, has been announced
Other participants include Orange DAO, DACM, ether.fi Ventures, P2 Ventures*, MH Ventures, and Public Works. Along with a number of well-known web3 creators, angel investors include Vitalik Buterin, Stani Kulechov,…
Creator of Mango Markets works with CKS Systems on the Solana-based, limitless order book Manifest
An on-chain orderbook based on Solana, called Manifest, was introduced by blockchain native market maker CKS Systems. John Kramer, Britt Cyr, and Maximilian Schneider have been the main contributors to…
UK government has introduced a bill to Parliament to formally define crypto assets as a new type of property.
“Previously, digital belongings were not definitively included in the scope of English and Welsh property law – leaving owners in a legal grey area if their assets were interfered with,”…
For cryptocurrency payments, Venmo and Paypal integrate Ethereum Name Service
ENS is a decentralized naming system that provides crypto addresses with readable names. It is built on the Ethereum blockchain. When sending cryptocurrency, users of Paypal and Venmo can now…
Japan’s Metaplanet increases its overall bitcoin holdings to $26 million by purchasing an additional $2 million
The Japanese investment business Metaplanet Inc., which is still bullish on the largest cryptocurrency in the world, said today that it has acquired an extra 38.464 bitcoin, valued at almost…
The Friend.Tech team gives up control over smart contracts as a result of their growth stagnation
Barely a year after its original and popular launch, Friend.Tech, the Web3 social network where users traded tokens for ‘keys’ to influential people’s feeds, has essentially shut down. On September…
Chainlink Data Streams are integrated into the Base mainnet using JOJO Exchange
In a news statement released on Thursday, JOJO Exchange, a decentralized exchange (DEX) for perpetual futures running on the Base network, said that Chainlink Data Streams was deployed as its…
Before ApeChain launches, ApeCoin promises a plan to encourage the growth of the Bored Ape community
ApeCoin is reshaping its roadmap with a fresh set of projects dubbed BluePrint, per one of the creators of the well-known NFT brand Yuga Labs. Specifically, the project with the…