Author: Lalit Mohan
Nilam Resources Diversifies Portfolio with $1.7 Billion Bitcoin Acquisition
Nilam Resources, a gold mining company based in South America, has revealed its intention to procure 24,800 Bitcoins valued at approximately $1.7 billion. The acquisition, announced via a press release…
Polygon zkEVM Resumes Operations After 10-Hour Outage
Polygon zkEVM, the Ethereum Layer 2 network introduced a year ago, faced a significant disruption recently, enduring a prolonged outage that halted its blockchain for over ten hours. The outage,…
Bitcoin ETFs Experience Continuous Outflows Amidst Record Low Inflows
In the realm of Wall Street’s spot bitcoin exchange-traded funds (ETFs), a noteworthy trend has emerged this week, marking five consecutive days of net outflows. Despite setting a new record,…
ParaSwap Rectifies Vulnerability, Initiates Asset Return Process
ParaSwap, a decentralized finance aggregator, has successfully mitigated a critical vulnerability identified in its newly-launched Augustus v6 smart contract. Following the discovery, the platform has taken swift action to address…
Terraform Co-founder Do Kwon to Be Released from Jail, to Stay in Montenegro
Do Kwon’s legal situation in Montenegro, where he is being released from prison but remains confined due to facing international criminal charges. This underscores the seriousness of the allegations against…
Ethereum’s Pectra Upgrade to Expand Maximum Validator Stakes
Ethereum developers have proposed a significant change to the validator stake limit in the upcoming Pectra upgrade, intending to raise it from the current cap of 32 ETH to 2,048…
Ark Invest Unloads $52 Million in Coinbase Shares Amid Record Highs
Ark Invest, led by Cathie Wood, executed a substantial sell-off of nearly 200,000 shares of Coinbase on Thursday, totaling a value of $52.3 million. This move comes as Coinbase’s share…
Avalanche Launches Memecoin Rush: $1 Million Incentive Program for Liquidity Providers
Avalanche Pushes Forward with Memecoin Support In a move to bolster the meme coin ecosystem within its network, the Avalanche Foundation has introduced Memecoin Rush, an incentive initiative aimed at…
Seven firms, including Ethena and Derivio, are selected by Binance Labs during its sixth incubation season
Seven firms have received investments from Binance Labs, the $10 billion venture capital and incubation division of the cryptocurrency exchange Binance, during the program’s sixth season. The seven startups are:…
Inception and Origin join forces to bring cutting-edge liquid staking model to life
Users of Inception LRT now have the opportunity to mint Inception’s Liquid Restaking Token (LRT), inoETH, using OETH, opening up new avenues for possible investment ideas. Users that stake with…
Accumulated Finance Launches on Metis
With the latest move, Accumulated Finance is now available on multiple networks: ZetaChain, Manta, Metis, Ethereum, and BNB Chain – ZETA liquid staking is now possible with Omnichain ZETA Liquid…