Category: Altcoin
SushiSwap Considers Shifting Treasury Assets to Sushi Labs Vault
A proposal within the SushiSwap governance framework has emerged, suggesting a significant transfer of assets from the decentralized autonomous organization (DAO) treasury to a new entity called Sushi Labs. Spearheaded…
Uniswap Achieves Monumental $2 Trillion Trading Volume Milestone
Uniswap Labs has recently announced a significant milestone in the realm of decentralized finance (DeFi), revealing that the total trading volume facilitated by its protocol has surged past an extraordinary…
Ethena’s USDe Surpasses $2 Billion Supply Milestone in Under Two Months
Ethena’s USDe stablecoin, commonly referred to as an “internet bond” and a “synthetic dollar,” has achieved a significant milestone by surpassing the $2 billion supply mark within a mere seven…
Ark Invest Continues Portfolio Rebalancing, Sells $6.4 Million Worth of Coinbase Shares
Ark Invest, under the leadership of Cathie Wood, has executed another round of rebalancing, shedding $6.4 million worth of Coinbase shares on Thursday as part of its ongoing portfolio management…
Sony Bank Explores Stablecoin Trial on Polygon Blockchain
Sony Bank, the banking division of the renowned Japanese entertainment conglomerate, has initiated a proof-of-concept endeavor to introduce its own stablecoin pegged to fiat currency, as reported by Nikkei. This…
Binance Implements Stricter KYC Standards for Corporate Clients
Cryptocurrency exchange Binance has announced a tightening of its Know Your Customer (KYC) requirements for business clients, signaling a shift toward enhanced compliance measures. Effective from March 20, Binance has…
Understanding the Solana Network Glitch: Co-Founder Anatoly Yakovenko Addresses Concerns
Solana co-founder Anatoly Yakovenko has shed light on the recent network glitch that plagued the blockchain ecosystem, causing transaction failures and block finalization slowdowns. As of April 5, Yakovenko confirmed…
Paradigm Leads $20M Series A Funding Round for Ellipsis Labs
Ellipsis Labs, a developer of decentralized crypto exchanges, has successfully raised $20 million in Series A funding, with Paradigm leading the investment round. Joining Paradigm in the funding were Electric…
Wormhole Rectifies Airdrop Oversight, Excludes Hacker Addresses
In a surprising turn of events, cross-chain protocol Wormhole initially allocated tokens from its latest airdrop event to wallet addresses linked to the exploiter behind its previous hack. However, the…
Binance to Discontinue Bitcoin NFT Support Amidst Rising Interest
In a surprising move, cryptocurrency exchange Binance has announced its decision to discontinue support for Bitcoin Non-Fungible Tokens (NFTs) less than a year after their introduction to its marketplace. According…
Crypto Enthusiasts Fund Man to Name Goats After Cryptocurrency Figures
In a unique trend within the cryptocurrency community, enthusiasts are pooling funds to sponsor a man in purchasing goats and naming them after notable figures, products, or concepts within the…
PayPal Introduces PYUSD for Hassle-Free International Payments
In a significant move towards facilitating international transactions, PayPal has unveiled a new service allowing its U.S. clientele to utilize the PYUSD stablecoin for cross-border money transfers. Effective immediately, U.S….
Ripple Unveils USD-Pegged Stablecoin Aimed at Competing with USDT and USDC
Ripple, a leading blockchain solutions provider, has revealed its intention to launch a stablecoin pegged to the U.S. dollar later this year, signaling a strategic move to penetrate the stablecoin…
Crypto Bytes: Top 10 Breaking News from Cryptoverse
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making…
Raiinmaker Secures $7.5 Million Seed Round Led by Jump Capital
Raiinmaker, a web3 artificial intelligence firm, has successfully raised $7.5 million in seed funding, marking a significant milestone for the company. The round was co-led by venture firms Jump Capital…
Wormhole Token Fluctuates Amid Airdrop Anticipation and Phishing Concerns
The highly-anticipated Wormhole airdrop stirred considerable excitement in the cryptocurrency community on Wednesday, as the protocol’s native token experienced significant volatility, initially plunging by nearly 25% before staging a notable…
Zeus Network Raises $8 Million in Token Round, Valued at $100 Million
Zeus Network, an interoperability layer built on the Solana blockchain, has successfully raised $8 million in funding through a seed round led by Mechanism Capital. This recent funding round has…
Legal Chief of OneCoin Receives Four-Year Sentence for Involvement in Crypto Pyramid Scheme
In a recent verdict by the Southern District of New York court, Irina Dilkinska, a Bulgarian national and former Head of Legal and Compliance at the controversial cryptocurrency project OneCoin,…
Vana Unveils Reddit Data DAO Empowering Users to Govern Their Personal Data
In a bid to revolutionize data ownership on social media, Vana, a San Francisco-based startup, has launched a decentralized autonomous organization (DAO) tailored for Reddit users. Known as the Reddit…
SEC Requests Public Input on Proposed Grayscale, Bitwise, and Fidelity Ethereum ETFs
The U.S. Securities and Exchange Commission (SEC) has opened the floor for public commentary on several proposed exchange-traded funds (ETFs) related to Ethereum, as per official filings. In a move…