Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  •  A public consultation on legislative plans to establish a licencing system for providers of over-the-counter (OTC) virtual asset (VA) trading services has been opened by Hong Kong authorities.
  •  In a seed round headed by Archetype and Bain Capital Crypto, Flood has raised $5.2 million. The DEX aggregator, which focuses on Ethereum, uses an optimal-routing architecture.
  • Polychain Capital is the primary financier of $6.5 million raised by Superform Labs. The startup’s goal is to make DeFi user-friendly by launching a cross-chain cryptocurrency yield marketplace.
  • Fraxtal, an Ethereum Layer 2 network, has been made available by Finance. Today, a restricted mainnet for particular partner apps was made active. It will coexist with Base, which is supported by Coinbase, in Optimism’s Superchain ecosystem.
  • A date has been set for the Dencun upgrade’s deployment by Ethereum core developers. It is expected to activate at slot 8626176 on March 13 at approximately 8:55 a.m. ET.
  • Jupiter, a Solana DEX aggregator, revealed three potential launchpad tokens after its native JUP token was given away last week. The NFT collateralization platform Sharky, the cross-chain protocol deBridge, and the liquid staking service Sanctum were proposed.
  • The technique for cross-chain W token airdrop for Wormhole was announced. According to the protocol, 82% of the tokens will be locked at first and then distributed over a four-year period.
  • More than 160 qualified dapps can now participate in the second phase of Pyth Network’s retrospective token airdrop. After 255 million PYTH were given to DeFi customers in November, 100 million PYTH tokens, or approximately $47 million, will be given to the dapps.
  • Montenegro Court of Appeals has overturned the December ruling made by the country’s High Court, therefore rescinding Do Kwon’s extradition to either South Korea or the United States for a second time.
  • Polygon Releases Type 1 Prover. EVM chains or optimistic rollups can connect to the prover without any changes and then plug into the Aggregation layer that was just released. This gives users access to “all of the liquidity and value on Ethereum itself,” according to Polygon.

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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