Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  1. EigenLayer Removes the Staking Cap, Driving TVL Above $3B! The brief reprieve coincides with a surge in Ethereum restaking activity, despite developers’ cautions that it could put undue burden on the network.
  1. Internet Registry Crypto Wallets and Domain Names are Connected by GoDaddy and Ethereum Name Service. Users will be able to connect their ENS addresses to their internet domain names.
  1. “ Shrapnel” is available on the Epic Games Store alongside other well-known early releases of blockchain games like “Illuvium” and “Star Atlas.” The project’s gaming studio, Neon Machine, wants to give players the ability to alter “every aspect of the game.
  1. Tether Leads $25 Million Series A Funding Round for Crypto Payments App Oobit The co-founder of Solana, Anatoly Yakovenko, also took part in the round.
  1.  In response to the SEC’s case regarding an unregistered securities offering, a federal judge has ordered Ripple to reveal its financial records and specifics of XRP sales. The ruling seeks to clarify Ripple’s financial activities.
  1. Last week saw the second-largest inflow of 2024 into investment products tied to cryptocurrencies, totaling $708 million, with approximately 99% of that amount originating from Bitcoin. The U.S. market saw inflows of $721 million, of which $1.7 billion came from ETFs alone.
  1. Google lifted its five-year restriction on promoting cryptocurrencies through search results after the U.S. Securities and Exchange Commission (SEC) approved spot BTC ETFs.
  1. Monthly volume of bitcoin reaches its highest point since September 2022. BTC saw record trading volume in January, with analysts recording a total of $1.21 trillion in transactions.
  1. Shibarium sees a spike in new users as it reaches a transaction milestone in just three days, with a 254% rise in new account activity. The overall number of new accounts increased from 24 on February 1 to 61 on February 3, demonstrating a growing demand for SHIB.
  1. Japan Airlines will begin collecting NFTs along with Hakuhodo. The idea intends to create non-fungible tokens by transforming distinctive experiences from six regions of Japan. It is set to begin in February 2024.

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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