Author: Lalit Mohan
According to a filing, Wells Fargo Banks has invested $143 million in bitcoin
The great majority of those funds were invested in shares of the Grayscale Bitcoin Trust (GBTC), a Bitcoin spot exchange-traded fund (ETF) whose shares are intended to mirror the spot…
21 Shares and ARK Invest removed the staking component from the most recent spot Ethereum ETF registration
Staking will not be a part of Cathie Wood’s ARK Invest and 21Shares’ proposed spot ether exchange-traded fund. Staking provisions were mentioned in a prior filing for ArkInvest/21 Shares, which…
US Bancorp and the Rothschild firm report purchasing about $20 million worth of Bitcoin ETFs on the spot in Q1
According to the corporation, it paid around $5.4 million for 87,744 shares of Fidelity’s FBTC, $2.9 million for 46,011 shares of Grayscale’s GBTC, and $7.2 million for 178,567 shares of…
Notcoin will launch on May 16 after several delays
NOT token will be listed on OKX and Bybit after it is created on The Open Network (TON). In conjunction with the token, OKX intends to launch a “jumpstart” campaign…
Gains Network Fork Bug Enabled Traders To Make 900% Profit On Each Trade
DeFi Llama states that Gains Network has a $20.29 million total value locked (TVL). It has processed $25 billion in derivatives trading activity since its founding in May 2023. According…
Polygon Labs and Espresso collaborate to address rollup interoperability
Developer of shared sequencers Espresso Systems and Ethereum layer-2 scaling solution Polygon Labs have teamed up. The partnership aims to develop and create an aggregating layer (AggLayer) that may be…
Marathon Digital saw an 184% increase in profit in Q1 while mining $176 million in bitcoin
According to an earnings statement, Marathon Digital stated that it mined 2,811 bitcoin in the first quarter of this year, or around $176 million at current prices. Marathon Digital’s profits…
Ledn’s First-quarter loans set a record of $690 million as the lending market recovers
For cryptocurrency lending firm Ledn, the first quarter witnessed the processing of almost $690 million in loans, making it the company’s most successful quarter since its establishment in 2018. That…
Canada’s Fintrac fines Binance $4.3 million
The regulator further stated that on 5,902 occasions between June 1, 2021, and July 19, 2023, Binance failed to record a single transaction valued at $10,000. Furthermore, according to FINTRAC,…
BlockFi will close its online platform and switch to Coinbase as a distributor
On May 9, the insolvent cryptocurrency lender BlockFi announced that it will close down its website by the end of the month and would mostly rely on Coinbase as a…
AgriDex, a tokenization company located in Solana, wants to airdrop tokens after raising $5 million
AgriDex, a company centered on tokenizing agricultural commodities and situated in Solana, has raised $5 million in a pre-seed fundraising round. African Crops Limited, Oldenburg Vineyards, and Hank Oberoi—a former…
According to Glassnode executives, Bitcoin may shortly “BLOW higher” on a bullish candle hammer
A “bullish candle hammer” that has shown on the weekly price chart of Bitcoin, which is currently trading at $62,811, is being cited by traders as a potential sign of…
$7 million is raised by Multicoin Capital, the platform for applications built on Bitcoin, Arch
In a seed investment round, Arch Labs, the group behind the Bitcoin native application platform Arch, has raised $7 million. For the venture capital firm, Multicoin Capital led the round…
Three rare NFTs are lost by bored Ape owner to phishing hoax
It looks that a malicious actor took three NFTs worth a total of 54.8505 ETH ($164,400) from a member of the Bored Ape Yacht Club. The Bored Ape holder claimed…
Q1 earnings beat for Robinhood, and the number of cryptocurrency trades increased by 224%
The commission-free brokerage company Robinhood surpassed expectations on Wednesday afternoon with its first-quarter earnings report. The U.S. Securities and Exchange Commission’s Wells Notice to the business’s cryptocurrency unit, Robinhood Crypto,…
With its Season 2 release, Nyan Heroes introduces new CATNIP and NYAN awards
The much awaited Ranked Mode of the Web3-focused game Nyan Heroes, which will award players with the token NYAN in accordance with their achievements, has begun. Season 2 of the…
MarketVector by VanEck introduces the Meme Coin Index
The index is updated on a regular basis, and the 30% cap on specific coin weightings ensures diversification. This cap ensures that no coin affects the index to an unduly…
Lyra adds yield-bearing derivatives and the LDX token
Protocol for decentralized alternatives Lyra Finance revealed their plan to redesign tokens. It has unveiled the LDX token, which is scheduled to launch in the third quarter of this year…
Lagrange Labs, a cryptography firm, raises $13.2 million in its initial round led by Peter Thiel’s Founders Fund
The business Lagrange Labs, which is developing the Lagrange cryptography protocol, has successfully raised $13.2 million in seed funding. In addition to Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital,…
In response to increased institutional interest in cryptocurrency derivatives, Arbelos Markets raises $28 million
The cryptocurrency liquidity service Arbelos Markets has raised $28 million in a round of debt and startup funding. The financing was led by Dragonfly Capital, with participation from investors such…