Category: Altcoin
Yield-Generating Stablecoin Lift Dollar Revealed via Paxos
The Lift Dollar (USDL), a yield-generating stablecoin authorized in the United Arab Emirates (UAE), has been released by cryptocurrency trading platform Paxos, the firm announced on Wednesday. The stablecoin is…
ZK-Rollup Taiko Achieves A $2 Billion Fully Diluted Valuation By Airdropping A Token
Taiko, a Layer 2 scaling network, launched the cryptocurrency at a fully diluted valuation (FDV) of $2.1 billion and a market capitalization of $110 million, marking the beginning of the…
Avail Completes a $43 million funding round to increase rollup interoperability and expand data availability
Some of the other investors in Avail are Hashkey, Elixir Capital, Spark Digital Capital, KR1, RW3 Ventures, Chapter One, Superscrypt, Nomad Capital, SevenX, Figment, LocalGlobe, Altos Ventures, and Foresight Ventures….
Connext becomes Everclear and offers a “clearing layer” for bridges with intent-based functionality
Connext, a blockchain interoperability platform, is changing its name to Everclear as part of a calculated strategic change. In addition to rebranding, the project is creating a “clearing layer” for…
Hyperliquid TVL Exceeds dYdX to Reach All-Time High
Random-number-based decentralized trading In terms of total value locked (TVL), Hyperliquid has already overtaken dYdX as it continues to rise in the DeFi rankings. DefiLlama claims that Hyperliquid has $530…
IOTA Unveils Layer 2 Solution, IOTA EVM!
With the release of IOTA EVM, a Layer 2 solution that works with the Ethereum Virtual Machine (EVM), IOTA has made a ground-breaking announcement. Smart contracts, cross-chain capabilities, parallel processing,…
Pavel Durov of Telegram Shrugs Off Notcoin, NOT Increases 10%
According to Durov, in just two weeks, the value of NOT tokens provided by Notcoin’s creators increased fourfold. His account’s assets, which were originally valued at $6.8 million, have now…
StarkWare is seeking $1 million in funding to use zero-knowledge proofs to scale bitcoin
The Israeli startup StarkWare, which created the well-known Ethereum layer-2 network StarkNet and the scaling engine StarkEx, has also revealed plans to use zero-knowledge rollups to significantly expand the possibilities…
XRP ETF to Launch by 2025, According to Ripple CEO, Amid Growing Interest in Cryptocurrency Market
His hope stems from the expanding interest in a variety of cryptocurrency ventures as well as the changes in US regulations. Crypto ETFs, in the opinion of Ripple CEO, are…
Coinbase gives the cryptocurrency super PAC Fairshake $25 million
To support pro-crypto candidates in this year’s elections, Coinbase contributed $25 million to the federal super political action committee Fairshake, which advocates for cryptocurrency. According to the cryptocurrency exchange, we…
Last month, Solana saw the introduction of around half a million tokens
In May, developers released about 500,000 tokens on the Solana blockchain in response to reduced entry restrictions and the growing ambition to produce a successful memecoin. 455,000 coins were generated…
Matter Labs abandons its contentious “zero-knowledge” trademark attempt
On June 2, Matter Labs, the company that created the Ethereum layer-2 network zkSync, declared that it would no longer be pursuing trademark applications for “zero-knowledge (ZK).” The company was…
The dates of FET, AGIX, and OCEAN’s merger into ASI token are revealed by SingularityNET
The FET token will be renamed to ASI on June 11th, and the process of merging these tokens into a single decentralized artificial intelligence (AI) network is expected to be…
Without acknowledging any wrongdoing, MicroStrategy and Michael Saylor resolve a $40 million tax fraud case
According to a press statement dated June 3, Washington, D.C. Attorney General Brian Schwalb announced an unprecedented $40 million tax fraud recovery deal with Michael Saylor and his company, MicroStrategy….
ARK Invest ceases to be a partner in the proposed spot Ethereum fund
According to a revised registration statement submitted late Friday, ARK Invest would no longer be a partner with 21Shares for a proposed spot Ethereum fund. The 21Shares Core Ethereum ETF…
NEAR Protocol Transactions Reach Six Million
FlipsideCrypto reports that in the last few days, the total number of transactions has increased from 300 million in late August to 1.3 billion, a more than fourfold increase. Additionally,…
Fee for Ethereum ETF Revealed by Franklin Templeton
As the first asset manager to do so, Franklin Templeton has disclosed the management cost for its proposed Ether spot ETF, and it’s essentially nonexistent. In contrast to rates charged…
Ordinals for Bitcoin Fall While Runes Rise
There is a noticeable disparity within the ranks of the Bitcoin Ordinals ecosystem as the summer approaches. Runes are seeing a revival, yet most large Ordinals collections have dropped between…
Remaining Anthropic shares are sold by FTX as bankruptcy costs rise above $500 million
The FTX bankruptcy case continues even though Sam Bankman-Fried, the founder of FTX, has had his trial concluded pending an appeal. The FTX estate, managed by CEO John Ray III,…
Social Media Engagement Approaches Record Lows
Social-Fi has become a favorite story among cryptocurrency fans since Friendtech’s launch last year. They believe a Web3-native social media software will take on established players like Twitter. But over…