Author: Puskar Pande
Bybit is going to discontinue providing services and goods in France
The cryptocurrency exchange Bybit has made the decision to close its doors in France. French users won’t be able to buy any kind of produce, create new positions, or add…
A 0.25% rate cut by the Bank of England could lead to a bitcoin breakout
The Bank of England announced the interest rate reduction in an August 1st X post. The main cause of the easing was inflation, which over the previous year drastically decreased…
With Ribbit Capital leading the latest funding round, Morpho Labs raises $50 million
The most recent fundraising round, according to a formal statement from Morpho Labs, aims to further the network’s decentralization and further its goal of turning financial infrastructure into a public…
Over $4 million in tokens are lost due to a Terra Blockchain exploit
Following the depletion of millions of dollars’ worth of tokens due to an exploit, the Terra blockchain was suspended Wednesday morning. The blockchain will pause at block height 11430400, according…
As Solana Neiro Coins Battle, an Ethereum Rival Overtakes Them
This past weekend, the owner of the dog that gave rise to the Doge meme declared she had taken in a 10-year-old Shiba Inu rescue named Neiro, which sparked a…
Tweets Can Now Be Used by Degens to Earn Memecoins
With just four steps and no cost, people may generate their own memecoins using Makenow.meme directly from Twitter. Users must begin their tweets with the $ symbol, the ticker name,…
Simon’s Cat Meme Coin Launch Will Increase FLOKI Value
The Simon’s Cat Meme Coin will go live on August 8 thanks to a partnership between Simon’s Cat, Floki, BNB Chain, and DWF Labs. The coin will be swapped by…
The introduction of the Elixir Synthetic Dollar, deUSD, with $1 billion in liquidity support
A modular blockchain project The synthetic dollar asset known as deUSD has been officially released by Elixir. This new product aims to create a decentralized rival in the stablecoin market…
Dogwifhat (WIF) Is Seeing An Increase in Inflows, and August Could Get Off to a Great Start
Dogwighat’s (WIF) price might be declining as July draws to a finish. But new research suggests that August’s first few days might have a different melody. WIF is currently trading…
The GMX suggested revenue model update is now in the on-chain vote stage
The new income sharing mechanism is intended to increase the long-term value of the GMX gmx -6.44% GMX token, according to an announcement made on July 31. As of right…
Polyhedra Network opens beta testing for Proof Cloud
ZK proofs will be easier to obtain in web2 and web3 contexts thanks to Proof Cloud. Proof Cloud, backed by Google Cloud, Polygon Polygon matic -5.62% Polygon, Linea, and Lita,…
Price increases for Aave due to whale accumulation and V3.1 release
Details showing whales have aggressively accumulated Aave Aave aave -1.14% Aave over the previous two days were shared by Lookonchain on July 31. According to the data, whales withdrew over…
Breakout, a crypto-focused private trading company, has raised $4.5 million in seed money
A seed fundraising round headed by RockawayX has generated $4.5 million for Breakout Trading Group, a crypto proprietary trading company. Breakout said on Wednesday that additional investors in the round…
Memecoin, launched by Nansen CEO, has a $6 million market capitalization in just one day
The CEO of Nansen, a onchain analytics platform, Alex Svanevik, has introduced IQ, a new memecoin based on Solana. Within a day of its launch, IQ’s market capitalization increased to…
$9 million Series A financing for Daylight, a DePIN initiative, is led by A16z Crypto
In a Series A fundraising round headed by A16z Crypto, Daylight, a decentralized physical infrastructure network (DePIN) initiative centered on energy delivery, raised $9 million. According to Daylight on Wednesday,…
During the first half of the year, Tether makes a record $5.2 billion in earnings
Leading stablecoin company Tether USDT -0.037% reported a record net profit of $5.2 billion for the first half of 2024 in its most recent quarterly attestation, which was revealed on…
In a recent upgrade, Telegram introduces a mini-app store and in-app browser
Along with other changes, the crypto-friendly communications platform Telegram has released a browser and a little app store. Telegram CEO Pavel Durov stated on the messaging app that users can…
Despite a price rally, Bitcoin Exchange Reserves Reach a Multi-Year Low
According to data from on-chain analytics company CryptoQuant, this steep drop coincides with a persistent price spike for Bitcoin as it continues to test $70,000. According to CoinGecko data, this…
Pump.Fun Flips Daily Revenue from the Ethereum Blockchain
Pump for Memecoin Launchpad.Fun surpassed Ethereum to produce the biggest gross revenue in the history of Decentralized Finance (DeFi) in the previous 24 hours. According to DeFiLlama, the platform earned…
Announcing the Exciting Season 7 Project Lineup is Binance Labs Fund!
The seventh batch of incubation from Binance Labs Fund is intriguing since it covers a variety of blockchain and DeFi-related technologies. The chain abstraction aggregation liquidity network CYCLE NETWORK, the…