Author: Puskar Pande
Base records a 212% rise in trade volumes over time
According to data aggregator DefiLlama, Base is the blockchain with the most monthly and weekly growth in permanent trade volume among the top 10 chains in terms of total value…
Following a cyberattack, Alex Labs freezes $3.9 million in cash that were delivered to CEXs
According to the team’s May 16 social media post, Bitcoin layer-2 developer Alex Labs has successfully frozen more than $3.9 million worth of cryptocurrency that was stolen from their BNB…
In Q1 2024, XRPL on-chain transactions increase by 108%
According to Ripple’s Q1 2024 XRP Markets Report, the number of transactions on the XRP Ledger (XRPL) nearly doubled and the average transaction cost nearly halved between the end of…
Pump.fun hacker apparently detained in London; discusses controversy in X post
According to media sources, the former employee who was identified by Solana-based memecoin launchpad Pump.fun as the individual responsible for the platform’s recent $1.9 million hack has been detained and…
Solana protocol Solayer introduces deposits
Solayer, a Solana-based firm creating a platform similar to EigenLayer, began accepting deposits on Thursday afternoon. A $20 million dollar cap was placed on the invite-only deposit period. Users have…
Tokenization, according to Deutsche Bank, is the direction of financial innovation
The most recent major financial institution to join the tokenization trend is Deutsche Bank, a multinational bank with $973.4 billion in assets. Deutsche Bank joined the Monetary Authority of Singapore’s…
The Founder of MakerDAO Unveils Two New Stablecoins
Achieving equilibrium in decentralization is the ultimate goal of MakerDAO. At least in the opinion of Rune Christensen, the creator of the protocol. On May 15, Christensen announced NewStable and…
ZkSync fuels airdrop theories by hinting to the v24 upgrade
ZkSync announced in an X post on Friday that it will soon release an update to hasten the decentralization of its system. The statement is interpreted by some traders as…
Memecoins do better than the overall cryptocurrency market because “fast money stays focused”
Memecoins’ market capitalization has risen by more than 10% in the last day, outpacing the growth of the entire cryptocurrency market. Approximately 77% of the approximately $58 billion total memecoin…
Using volcanic geothermal power, El Salvador has mined 474 bitcoin since 2021, increasing the total amount of bitcoin to 5,750
Since 2021, El Salvador has used geothermal power generated by the Tecapa volcano to mine 474 bitcoins. According to Reuters, the mined coins increase the nation’s total bitcoin holdings to…
‘Cross the Ages’ gaming token rises 30% on its second trading day after faltering
In just its second day of trading, the gaming token “Cross the Ages” has seen a considerable increase. According to CoinGecko, CTA increased by more than 30% on Thursday following…
According to Livepeer CEO, DePIN is a lifeline for Bitcoin miners
After the most recent halving reduced block rewards to 3.125 BTC, Bitcoin (BTC) miners may look to the DePIN ecosystem to make their mining facilities lucrative, Livepeer CEO Doug Petkanics…
Airdrop claims for 120 million tokens with bonus are now open on Solana DEX Drift
The Drift Foundation, which is in charge of managing the decentralized exchange system for trading cryptocurrency perpetual futures based on Solana, has introduced the DRIFT token and made airdrop claims…
Gnosis makes the Genome Naming Service registration open to the public
An ID service that is native to the Gnosis Chain, Genome is a digital ID that has been launched by Gnosis, a blockchain infrastructure initiative that promotes radical inclusivity. Developed…
In a post mortem, Pump.fun identified the $1.9 million exploiter as a former employee
Pump.fun, a meme coin launchpad located in Solana, claimed that the exploit that happened on Thursday was the work of a former employee. In the event, a former employee obtained…
In a wild climb, Bitcoin surpasses $66,000, leading to a jump in short liquidations
Following a rally above $66,000, short liquidations of Bitcoin BTC +0.071%, the largest digital asset by market capitalization, have surged to more than $48 million in the last 24 hours….
India’s RBI Seek Ban on Stablecoins, While SEBI Is Open to Crypto Oversight
However, the RBI believes that private digital currencies pose a risk to the macroeconomy. These recommendations were given to a “government panel,” according to the Reuters story, which was entrusted…
Leading the $7 million round for Param Labs’ gaming platform is Animoca Brands
Already a frequent backer of cryptocurrency video game startups, Animoca Brands said that it spearheaded a $7 million fundraising round for Param Labs, a gaming platform. Based in the United…
Bridge for the L2 protocol of Bitcoin Alex loses $4.3 million due to dubious renovations
A study published on May 14 by blockchain security platform CertiK states that after a sudden contract upgrade, the BNB network’s Alex protocol bridge saw $4.3 million in fraudulent withdrawals….
Binance offers 10% of trader profits to users who engage in spot copy trading
Users can now immediately replicate the trading techniques of seasoned traders with this new option. Binance has clarified the distinction between copy trading in the futures and spot markets. Exchange…