Author: Puskar Pande
Cryptocurrency Market Faces Turbulence Amid Broader Economic Concerns
The cryptocurrency market experienced significant volatility on Friday as investor concerns about the broader economy and geopolitical tensions spread to digital assets. Bitcoin, the leading cryptocurrency, dropped to $63,000 after…
Users can now verify their eligibility for NFT claims and airdrops using MetaMask
Users of the Web3 wallet MetaMask can now confirm their eligibility for airdrops by integrating with the onchain project Daylight. “We’ve collaborated with Daylight to assist users in determining whether…
Points where Stepn is airdropping $30 million worth of GMT tokens
Stepn, a fitness app, will be airdropping bonus points valued at $30 million in GMT -2.46% tokens. Users are receiving 100 million “FSL” points from Stepn. FSL points can be…
Sapien raises $5 million to use AI tools for data labeling
In an initial fundraising round, Sapien raised $5 million to expand its data labeling business. Investors including Yield Guild Games, Animoca, Artichoke Capital, and Primitive Ventures contributed to the round….
Alpen Labs wants to use $10.6 million in funding to scale Bitcoin via zero-knowledge proofs
Since Ribbit Capital led a $10.6 million fundraising round, Alpen Labs has come out of stealth mode. The Ethereum community is more closely linked with zero-knowledge technology, a kind of…
Stream Trading for Crypto Derivatives Exchange Raises $1.5M in Seed Funding
The nearly lucrative protocol’s goal is to expose depositors to high-yield rate arbitrage trades, for which it levies fees of 10% or more. The startup creating Stream Finance, one of…
The SocialFi application Tomo intends to restructure points and earns $3.5 million in preliminary funding
The $3.5 million seed investment round for the socialFi app Tomo has completed, lead by Polychain Capital. Symbolic Capital, Consensys, OKX Ventures, Nomad Capital, Story Protocol, dao5, KuCoin Ventures, and…
SEC is suing Uniswap in an attempt to impede the rapidly expanding DeFi industry
In a warning to Uniswap on Wednesday, the Securities and Exchange Commission stated that it plans to file an enforcement action against the company. Uniswap is the main platform for…
“The war on DeFi has begun,” says the cryptocurrency sector in response to the SEC serving Uniswap with a Wells Notice
The U.S. Securities and Exchange Commission served Uniswap UNI -17.095% Labs with a Wells Notice, signaling an impending litigation, as disclosed today. It should come as no surprise that the…
Institutional Staking-as-a-Business facility emerges on P2P.org
According to a press statement from the startup, P2P.org has more than a million Ether (ETH) staked, and its total value locked (TVL) has topped $7.4 billion. To support the…
Jolt ‘zkVM’ is released by a16z Crypto to aid in scaling chains using ZK proofs
The venture capital firm Andreessen Horowitz’s cryptocurrency-focused subsidiary, A16z Crypto, has unveiled Jolt, a zero-knowledge solution that it refers to as a “zkVM,” with the goal of streamlining and expediting…
Saga cryptocurrency had significant volatility following its listing on Binance and mainnet launch
Protocol Layer 1 According to Binance, the platform where Saga’s token initially began trading on Tuesday, the mainnet went live and the token looks to be creating a significant amount…
Steven Nerayoff, a former Ethereum advisor, is suing the US government for $9.6 billion
An early Ethereum network advisor is claiming that federal authorities “maliciously” investigated and prosecuted him, and he is suing the government of the United States for $9.6 billion. Steven Nerayoff’s…
EigenDA data availability layer and EigenLayer restaking platform are introduced on the Ethereum mainnet
On Tuesday, the Ethereum mainnet saw the introduction of the restaking platform EigenLayer and its data availability layer EigenDA. According to an official statement from EigenLayer’s developers, the change enables…
Immutable zkEVM blockchain hosts the debut of the Web3 game “MetalCore”
The web-based third-person shooter game “MetalCore” was released on the Immutable zkEVM blockchain. “MetalCore” is the first game that can be played on a blockchain. According to an official announcement,…
Ether Options Signal Bullish Sentiment for End of April
Ether options set to expire at the end of April are indicating a prevailing bullish sentiment in the market, according to analysis of open interest data. The options market reflects…
Bitcoin Surge Boosts Coinbase and MicroStrategy Stocks
Shares of leading cryptocurrency-related companies Coinbase and MicroStrategy soared in early trading as Bitcoin surpassed the $72,000 threshold, signaling renewed investor optimism in the digital asset market. Coinbase and MicroStrategy…
Revolutionizing Memecoin Launches: Pump.fun Hits $5 Million in Revenue
Pump.fun, a novel memecoin launch and trading platform, has seen a remarkable surge in revenue, reaching $5.2 million over the past 38 days, with a staggering $528,000 generated in fees…
Bitcoin ETFs Experience $203 Million Daily Inflows as Halving Anticipation Grows
Spot Bitcoin exchange-traded funds (ETFs) continued their streak of net inflows, with a substantial $203 million influx observed on Friday, April 6. This marked the fourth consecutive day of positive…
Genesis Converts GBTC Shares into Bitcoin: An Overview of Major Financial Maneuvers
Genesis, a crypto lending firm grappling with bankruptcy, has executed a significant financial move by converting approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) into Bitcoin. This maneuver is…