Category: Altcoin
Sandbox Secures $20M in Funding with a $1B Valuation Ceiling
Kingsway Capital and Animoca Brands co-led this $1 billion fundraising round, with True Global Ventures and LG Tech Ventures also participating. The convertible note gives investors the same rights as…
Suspected $3.5 million rug pull for ZkSync’s Gemholic project
The potential rug-pull incident involving the Gemholic project and the zkSync network has raised concerns within the cryptocurrency community. A number of people impacted by the purported Gemholic scam have…
Despite strong opposition, Arbitrum’s $237 million Catalyze Gaming proposal is approved
The Arbitrum ecosystem is about to welcome a $237 million initiative aimed at promoting gaming—or is it? An onchain proposal that permits the distribution of 225 million ARB tokens was…
Kaiko Analytics Says Binance Leads Coinbase and All Other Crypto Exchanges in This Metric
Exchanges with high liquidity provide better trading conditions, including less slippage and lower execution risk. We’ve chosen to create a liquidity score for this quarter’s exchange ranking using five indicators,…
Large Crypto Selloff on Friday Drives Bitcoin Below $70,000
In U.S. trade on Friday, what was first perceived as a test of all-time highs for bitcoin (BTC) turned into a sharp decline, with the largest cryptocurrency in the world…
The new Friendchain blockchain will replace Base for FriendTech
The Web3 social network FriendTech has formally severed its ties to Base, the Ethereum Layer 2 network that Coinbase is stewarding, in order to move to Friendchain, a new blockchain…
After ‘Guardian’ two-factor authentication service is breached, Loopring experiences a $5 million hack
The Ethereum-based zkEVM protocol Loopring LRC -2.92%, which markets its smart wallet software as “Ethereum’s most secure wallet,” disclosed on Sunday that there had been a security compromise involving its…
Upgrade to zkSync v24 Mainnet Completed; Ready for Anticipated Token Airdrop
On June 7, the zkSync developers declared that the zkSync V24 mainnet update was finished. The completion of the zkSync V24 Mainnet Upgrade has improved platform performance The goal of…
Ethena Expands USDe Into Aave
The company behind the fourth-largest stablecoin by market capitalization, Ethena Labs, has connected with Aave, the biggest lending platform in the sector, and is working to expand USDe’s presence in…
Aptos incorporates dWallet to enable greater multi-chain functionality
Zero Trust Protocols (ZTPs) are intended to be introduced to the decentralized L1 network through the expansion of dWallet’s technological stack to Aptos. This will improve native multi-chain interoperability within…
DYdX Will Finish Up The v5 Update Next Week
Next week, DYdX, a decentralized perpetuals exchange, is scheduled to finish rolling out its much awaited v5 upgrade. A number of new features, including isolated markets, batch orders, liquidity vaults,…
Illuvium Declares Open Beta Mainnet Official Launch Date
The team has chosen this date to guarantee the addition of multiple crucial features targeted at enhancing the game experience and enhancing security, after giving it some thought and considering…
In relation to the Ronin hack, the Norwegian government freezes and returns $5.7 million
The $600 million Ronin exploit in 2022 has resulted in the freezing and repatriation of $5.7 million in cash by the Norwegian government. The Ethereum sidechain known as Ronin was…
Aave surpasses $20 billion in deposits amidst talks about fee switches and record revenue
Following this week’s record-breaking annualized revenue for the DeFi protocol, members of the Aave community are pressing for a fee flip proposal. Aave liquidity committee member Matthew Graham said on…
Rollup tool is released by Web3 infrastructure company Alchemy to assist developers in building their own chains
Alchemy, a blockchain technology business, announced on Thursday the release of a new tool called Alchemy Rollups. Developers can start and grow their own chains with Alchemy Rollups. Rollups, which…
Rootstock, a Bitcoin Sidechain, Welcomes New DEX SushiSwap
The launch of the decentralized exchange SushiSwap on the Bitcoin sidechain Rootstock is a major turning point for the main network. SushiSwap Grows on Rootstock, the Bitcoin Sidechain The news…
W Token Holders Can Now Participate in Wormhole Governance Staking
Wormhole has launched Wormhole Governance Staking, which allows owners of W tokens to move their tokens from Solana to EVM chains in order to participate in governance. Wormhole, an interoperability…
The yield-bearing stablecoin Lift Dollar (USDL) is introduced by Paxos International
With Argentina as its first market, Paxos International, a branch of Paxos with headquarters in the United Arab Emirates, has introduced Lift dollar (USDL), a yield-bearing stablecoin. According to Paxos…
To increase the use of cryptocurrencies and financial inclusion, Tether announced a $18 million investment in XREX Group
According to a news release the firm released today, Tether, the leading company in the digital asset space, has made a significant $18.7 million investment in XREX Group, a financial…
Users can now officially access Coinbase Smart Wallets
The introduction of smart wallets on Wednesday marked the latest breakthrough from prominent cryptocurrency exchange Coinbase. Users Are Introduced to Coinbase Smart Wallets With the goal of streamlining onboarding procedures…