Author: Puskar Pande
Why are Solana Transactions failing?
About 75.7% of all transactions involving the transfer of native SOLs across smart contracts failed on April 5, up from 75.5% the day before. Let’s see what’s happening behind the…
Bonsai, the first meme coin on Lens Protocol launched as a divisible NFT
In an angel round, $1 million was raised by MadFi, the firm behind the Bonsai token, which they claim to be Lens Protocol’s first meme coin. The financing was led…
SushiSwap Considers Shifting Treasury Assets to Sushi Labs Vault
A proposal within the SushiSwap governance framework has emerged, suggesting a significant transfer of assets from the decentralized autonomous organization (DAO) treasury to a new entity called Sushi Labs. Spearheaded…
Uniswap Achieves Monumental $2 Trillion Trading Volume Milestone
Uniswap Labs has recently announced a significant milestone in the realm of decentralized finance (DeFi), revealing that the total trading volume facilitated by its protocol has surged past an extraordinary…
Decline in Liquid Staking Platforms: A $1.18 Billion Unstaking Trend
Over the past 22 days, a notable decline has been observed in the volume of staked ether across various liquid staking derivative token platforms. Recent data reveals a decrease of…
Ethena Labs Boosts USDe with Bitcoin Backing Asset
Ethena Labs has announced the inclusion of bitcoin as a backing asset for its USDe synthetic dollar, aligning with the growing interest in the world’s oldest digital asset among traders….
Binance to Discontinue Bitcoin NFT Support Amidst Rising Interest
In a surprising move, cryptocurrency exchange Binance has announced its decision to discontinue support for Bitcoin Non-Fungible Tokens (NFTs) less than a year after their introduction to its marketplace. According…
Unraveling the Future: VanEck Forecasts $1 Trillion Valuation for Ethereum Layer 2 Tokens by 2030
The Ethereum Layer 2 market is poised to witness an unprecedented surge, with investment firm VanEck predicting a staggering valuation of at least $1 trillion by 2030. This optimistic projection…
Wormhole Token Fluctuates Amid Airdrop Anticipation and Phishing Concerns
The highly-anticipated Wormhole airdrop stirred considerable excitement in the cryptocurrency community on Wednesday, as the protocol’s native token experienced significant volatility, initially plunging by nearly 25% before staging a notable…
Legal Chief of OneCoin Receives Four-Year Sentence for Involvement in Crypto Pyramid Scheme
In a recent verdict by the Southern District of New York court, Irina Dilkinska, a Bulgarian national and former Head of Legal and Compliance at the controversial cryptocurrency project OneCoin,…
Frax Tokens Expand into Cosmos Ecosystem Through Noble Collaboration
Frax Finance has joined forces with Noble to introduce Frax stablecoin products into the Cosmos ecosystem, offering an alternative to USDC with greater decentralization. The collaboration signifies a significant step…
Cryptocurrency Trading Bitget’s Wallet Team Issues A Token $MOEW That Increases 14,000% and Joins The Meme Coin Hype
Within hours after its release, a meme coin issued by cryptocurrency wallet Bitget saw a more than 14,000% increase in value, reaching a $31 million market cap. The coin was…
Singapore Strengthens Crypto Regulation, Introduces Enhanced User Protections
Singapore is taking significant steps to bolster its regulatory framework for companies operating in the cryptocurrency and digital payment token (DPT) sectors. The Monetary Authority of Singapore (MAS) announced on…
Dragonfly Leads $12M Seed Round for Stablecoin Issuer Agora
Stablecoin issuer Agora has successfully raised $12 million in seed funding, according to reports from Bloomberg. The funding round was spearheaded by venture firm Dragonfly, with additional contributions from General…
Crypto Investment Products Rebound with Nearly $900 Million Inflows
Amidst volatile market conditions, the crypto investment landscape witnessed a significant turnaround last week, bouncing back from previous outflows. According to CoinShares analyst James Butterfill, crypto-based investment vehicles experienced a…
Andreessen Horowitz’s Gaming Fund to Inject $30 Million into Diverse Startup Ecosystem
Venture capital titan Andreessen Horowitz (A16z) has unveiled plans to funnel $30 million into multiple burgeoning startups, signaling a robust injection of capital into the gaming sector. The initiative, spearheaded…
Crypto.com Expands into South Korea with New Trading Platform
Crypto.com, a prominent global digital asset exchange, is set to launch its retail trading services in South Korea on April 29, as announced on Tuesday. This move comes as Crypto.com…
The Surge of Liquid Restaking Platforms: Approaching $8 Billion in Total Value Locked
The total value locked (TVL) in liquid restaking tokens (LRTs) has surged to nearly $8 billion, driven by protocols like Etherfi, Renzo, Kelp, and Puffer experiencing a significant influx of…
China’s Conflux Network Leads New Blockchain Infrastructure for Belt and Road Initiative
China has unveiled a groundbreaking initiative led by Conflux Network, known as the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.” This initiative, announced on April 1,…
Polygon Labs CEO Criticizes Ethereum Layer 3 Networks Amid Degen’s Millionaire Surge
Polygon Labs CEO, Marc Boiron, has voiced concerns regarding Layer 3 (L3) networks operating on Ethereum, citing the recent surge in millionaires minted through Degen Chain as a focal point…