Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  1. Through a collaboration with Animo Industries, the web3 game developer behind the third-person mech-shooter “Stars Arena,” Moonbeam Network is attempting to enter the blockchain gaming space.
  1. In a seed round headed by Jump Capital, Hashkey Capital, and Tribe Capital, Lava Network raised $15 million. Prior to the mainnet debut, which is slated for the first part of this year, Lava is giving out incentive points known as Magma.
  1. Leading Asian internet corporations support Klaytn and Finschia. A new native token and a single foundation with its headquarters in Abu Dhabi will be established by the merger.
  1. Coinbase’s revenue for the third quarter of 2023 was $953.8 million, surpassing expert projections of $629.1 million for the same period in 2022. At $529.3 million, transaction revenue reached its highest point in almost a year.
  1. One division of the US Department of Commerce, the National Institute of Standards and Technology (NIST), is investigating a particular security flaw in the iOS app for the Binance Trust Wallet.
  1. Valour Inc introduces physically supported ETP. Investors can directly participate in the Internet Computer Protocol (ICP) token, a pioneer in blockchain technology, through the ETP.
  1. EigenLayer’s organic growth caused its TVL to soar 307% in just one month. In just five days, the TVL increased by 181% as a result of the staking cap removal. DeFi innovation and liquidity are fueled by retaking protocols.
  1. Uniswap Foundation disclosed that the highly awaited Uniswap v4 is probably going to be released in Q3 of this year. In June of last year, the concept of “hooks” was first presented in the Uniswap v4 draft code. Hooks address the rigidity of standard smart contracts.
  1. Outage of optimism unrelated to planned maintenance After an hour of maintenance, the Optimism Mainnet experienced a two-hour early outage earlier today. 
  1. MicroStrategy now holds more than $10B worth of Bitcoins. The Q4 2023 Financial Results presentation by MicroStrategy states that the company has profited over $4 billion from its Bitcoin holdings as the cryptocurrency continues its recent upswing.

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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