Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  1. Yuga Labs declared that NFT marketplaces that “don’t support royalties for all creators” will no longer be collaborating with them. BYAC and MYAC collections are not included in the company’s move.
  2. The price of bitcoin has reached a peak of $56,742. An analyst cited Monday’s record spot bitcoin ETF trading volume in the United States.
  3. On February 26, the whole value of the liquid staking protocol, Lido, was locked at $30.56 billion. Now, 32% of the network’s staked ether is under the protocol’s control.
  4. Reversing the 2022 decision to stop income sharing benefits for veFXS stakers is something Frax Finance is considering. The plan, which would take effect in ten days, was motivated by Uniswap’s offer to compensate UNI stakers.
  5. Avail, a Data Network for Ethereum that Rivals Celestia, Secures a $27 million Seed Round The money will go towards developing the company’s three main products, Fusion Security, Nexus, and Avail DA.
  6. According to its announcement, the user-generated content gaming platform that is presently in construction intends to make use of Circle’s programmable wallets, which enable users to get rewards in USDC.
  7. For almost $155, million, or $51,813 per bitcoin, MicroStrategy has purchased an extra 3,000 bitcoins. The firm is currently holding 193,000 bitcoins as of 2/25/24, which MicroStrategy purchased for about $6.09 billion, or $31,544 per bitcoin on average.
  8. Web3 protocol After the launch of the honeypot token, DeChat reimburses users. When purchasing the project’s token on Pancakeswap, DeChat users were forwarded to a fraudulent address; however, ZachXBT raised issues on X, which the company addressed.
  9. The creator of stablecoin Circle has partnered with Overdare, financed by Krafton, to increase the applications for programmable USDC wallets.
  10. In Suzhou, China, the country’s CBDC project is gaining momentum, with reports indicating that over 29.16 million citizens currently own digital yuan wallets. Individuals and businesses situated in Suzhou exchanged more than $416,811,390,000 worth of CBDC.

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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