Author: Puskar Pande
With the launch of EIGEN Fairdrop, Zircuit hopes to provide an equitable and inclusive Ethereum staking rewards system
As a first for the industry, the Zircuit Fairdrop aims to distribute rewards in a more equitable manner by giving all qualifying EIGEN holders equal shares. Zircuit aims to contribute…
Crypto-casino Due to an Ethereum and Solana hot wallet exploit, Metawin loses $4 million
By taking use of the protocol’s frictionless withdrawal mechanism, an exploiter was able to take a sizable quantity of tokens from the Ethereum and Solana hot wallets of cryptocurrency casino…
According to the Blockchain Association, since Gensler became chair, the SEC has cost the cryptocurrency industry $400 million
Member companies of the Blockchain Association claim to have incurred $400 million in fees related to enforcement actions initiated by the U.S. Securities and Exchange Commission, which is chaired by…
Tether reports a net profit of $2.5 billion for the third quarter, for a total of $7.7 billion so far this year
According to its most recent attestation report, leading stablecoin supplier Tether reported on Thursday that it made $2.5 billion in profit in the third quarter. According to the cryptocurrency company,…
According to Immutable, the US SEC sent them a Wells notice into possible securities law violations concerning IMX
The U.S. Securities and Exchange Commission has indicated that it may file an enforcement action against blockchain gaming platform Immutable for potentially violating securities laws. The business said that soon…
MicroStrategy says it will raise $42 billion to purchase further bitcoin
The biggest corporate bitcoin holder, business analytics firm MicroStrategy, released its third quarter financial results on Wednesday. Notable were fresh ambitions to raise $42 billion in cash and a 5.1%…
The “most distributed” Solana airdrop is GRASS, with over 1.5 million addresses claiming tokens
Dune Analytics reports that the number of addresses that have claimed the GRASS token airdrop has increased to about 1.5 million. In terms of the total number of addresses that…
Before the scheduled token burn, the US government exchanges Aragon’s ANT tokens for ETH
According to Arkham Research, tokens taken from Sam Bankman-Fried’s now-defunct hedge fund Alameda Research have been sold by the US government. The wallet, which has over $974,000 worth of cryptocurrency,…
The government of Bhutan transfers $66 million in bitcoin to the Arkham Binance deposit address
On Tuesday morning, the Royal Government of Bhutan sent roughly 929 Bitcoin ($66.1 million) to a deposit address of the cryptocurrency market Binance. According to the onchain analytics platform Arkham,…
Compared to other proof-of-stake networks, Ethereum’s staking rewards rate is still just about 3%
Following a minor decrease from slightly over 3.5% in the first quarter of 2024, the Ethereum network’s staking rewards rate remained near 3% in the third quarter. The Ethereum Staking…
The largest Filecoin protocol, Glif, plans to airdrop 100 million tokens
With 100 million tokens available for airdrop to qualified customers, Glif, a liquid leasing platform on Filecoin and the largest DeFi protocol on the network, is about to introduce its…
Circle will collaborate with Hong Kong telecom provider HKT to create a blockchain-based customer loyalty program
HKT, a significant telecoms service provider in Hong Kong, and Circle have inked a Memorandum of Understanding to discuss possible blockchain-based partnerships for creating a customer loyalty program for local…
By marketing a fraudulent cryptocurrency, hacker gains $600K by taking advantage of the founder of Truth Terminal’s X account
Andy Ayrey, the founder of Truth Terminal, had his X social media account compromised. With the deployer account obtaining 12.5% of the token supply, the hacker published a contract address…
For the first time in more than seven months, Bitcoin trades above $70,000
Bitcoin reached $70,100 today, marking the first time in over seven months that the largest cryptocurrency by market value has surpassed the $70,000 mark. Since then, it has reversed course…
The expected “community staking module” will be activated by Lido DAO, expanding access to Ethereum solo staking
Lido Finance, a prominent provider of liquid staking, has introduced its community staking module in an effort to increase staking’s accessibility. After been approved by the Lido DAO community, this…
This week, the US government recovered more than $19 million after an alleged hack: Arkham
Out of the $20 million alleged attack earlier this week, $19.3 million was recovered from a wallet associated with the US government. Within 24 hours of the security breach, the…
Ai16z, an AI-powered venture capital fund, has a market valuation of about $100 million thanks to Marc Andreesen’s shoutouts
A new platform By enabling cryptocurrency users to raise money for a fund in return for tokens and then trade on behalf of the investors for a predetermined period of…
The web3 health accountability app’s $3.4 million seed round is led by a hack VC. Moonwalk Exercise Center
Moonwalk exercise, a web-based exercise accountability software, secured $3.4 million in new early funding. Moonwalk said Thursday that Hack VC led the investment, with help from CMS, Flowdesk, Binance Labs,…
Ankr has announced a TON blockchain integration that will assist developers in creating Telegram apps
The Open Network, or TON blockchain, has been connected with Web3 infrastructure provider Ankr. The integration would give developers access to the TON blockchain, enabling them to create dApps that…
The Aptos Foundation and a crypto-AI business collaborate to develop tools for the Move programming language
The Aptos Foundation and FLock.io, a decentralized artificial intelligence platform, are working together to develop AI tools that would facilitate scripting in Move, the blockchain’s own programming language. For Move…