Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • Coinbase appoints former UK Chancellor George Osborne to Coinbase’s advisory board in a calculated move intended to fortify company’s stance in the face of legal challenges, especially those involving the SEC.
  • The first licenced supplier of digital asset services to launch in El Salvador is Bitfinex Securities. After the U.S. spot bitcoin ETFs launched successfully, Bitfinex expects a strong demand for regulated digital asset investment vehicles.
  • Wednesday saw the start of one of the largest token airdrops yet on the Solana (SOL) blockchain, with the chain remaining stable as Jupiter began releasing around $700 million worth of its JUP token to almost a million wallets.
  • Six Worldcoin locations were the subject of inspections by Hong Kong’s privacy authority on Wednesday, due to worries about potential threats to the privacy of personal data.
  • Tuesday marked the release of Ethereum’s most recent major upgrade, Dencun, on the Sepolia test network. This means that just one more testnet remains until the much-anticipated “proto-danksharding” feature is implemented.
  • Puffer Finance, an Ethereum liquid restaking technology based on EigenLayer, has received funding from Binance Labs. Prominent backers of Puffer already include Lightspeed Faction, Brevan Howard Digital, and Jump Crypto.
  • A significant security incident has purportedly occurred at DeFi protocol Abracadabra Finance. Over $6.4 million was lost as a result of a malicious attack, according to security specialists.
  • dYdX Chain has upgraded to offer liquid staking support.
  • Ethereum scaling solution In an effort to increase Layer 3 chain data availability, Starknet and Celestia are working together. With the goal of reducing petrol expenses, the partnership allows Starknet to use Celestia for data storage.
  • Global X has withdrawn its application for a spot BitcoinETF. According to a filing notice from the Securities and Exchange Commission on Tuesday, Cboe BZX Exchange filed a notice of the withdrawal on January 26.

 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 an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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