Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • Local media reports that Do Kwon of Terraform Labs will be extradited to the United States. 
  • In an expanded seed round, Singapore-based web3 startup Startale Labs has raised an additional $3.5 million from Samsung’s CVC arm, Samsung Next, and UOB Venture Management, a division of Singaporean bank UOB.
  • Arbitrum Foundation is funding a feature-length movie created by Shane Boris, the recipient of an Oscar, in a collaboration with Dpop Studios. “Through the lens of a new user falling down the crypto rabbit hole,” the movie “New Here” will delve into the realm of digital art.
  • Zero-Knowledge Rollup for Bitcoin Citrea Secures $2.7 Million in Seed Capital Citrea says it intends to support the development of Bitcoin’s nascent NFT and decentralised finance (DeFi) ecosystems by utilising zero-knowledge cryptography.
  • Lido reduced the withdrawal time for users unstaking their stETH or wstETH by adding 1inch as an additional exchange aggregator. Faster exits of stETH and wstETH onto Ethereum, Arbitrum, Optimism, and other chains will be possible with 1inch.
  • STRK Claimed Hits 420M in a Single Day as On-Chain Indicators Rise On Tuesday, the Starknet blockchain had a record-breaking 1.06 million transactions, peaking at 45.2 transactions per second.
  • With the help of 1kx, Inco has raised $4.5 million in seed money. Through a SAFE plus token warrants structure, the fundraising was made possible. Additionally, it started its first testnet.
  • Retaking Protocol Kelp DAO Increases EigenLayer Points’ Liquidity EigenLayer Points will have liquidity thanks to the recently revealed kelp earned points (KEP) token from Kelp DAO.
  • Gauntlet, the risk manager, ends their relationship with Aave, citing DAO dysfunction. The team at Gauntlet, according to co-founder John Morrow, “found it difficult to navigate the inconsistent guidelines and unwritten objectives” of Aave’s “largest stakeholders.”
  • The Fairshake political action committee (PAC) has received a $4.9 million donation from Tyler and Cameron Winklevoss, the founders of Gemini Exchange.

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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