Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • Cryptocurrency Gaming Company Gala launches Token Exchange: GalaSwap. With the decentralised GalaSwap exchange going live with token payouts and referral incentives by Gala, the layer-1 GalaChain is becoming valuable.
  • Three new UX tools from Uniswap were unveiled! A limit order engine, data and insight pages, and a wallet plugin for the browser’s sidebar. The first two are available right now, but users of the Uniswap Extension will need to sign up for a waitlist.
  • The social networking network Lens is now in a permissionless mode. This implies that anyone can sign up for the site and create an on-chain profile.
  • Aiming to attract more institutional after companies’ growing interest in spot bitcoin ETFs, Kraken unveils new institutional service. Coinbase, the American competitor of Kraken, controls the majority of the spot bitcoin ETF custody market.
  • The public testnet for Arweave AO, a scalable blockchain network based on its data storage platform, was made available by Arweave. Although it’s early to tell, the network may be more scalable than any current blockchain, despite the team’s grand boasts.
  • Delphi Ventures and Hack Ventures co-led the investment round for Initia, a blockchain for rollup. The blockchain platform Initia is made to accommodate several Layer 2 networks and includes a growth-promoting incentive system.
  • The research company Gauntlet will create and manage risk for lending vaults, working on the lending protocol Morpho. These lending vaults give consumers a method to generate interest on their assets by combining segregated markets with multi-asset lending pools.
  • Babylon, the upcoming Bitcoin staking protocol currently on testnet receives funding from Binance. Babylon will open the doors for huge economic security from BTC that are currently lying idle.
  • In an effort to have the stablecoin listed for the first time in Japan, Circle, the company that issues USDC, has partnered with Coincheck, one of the largest cryptocurrency exchanges in the country.
  • To improve communication on the XRP Ledger (XRPL) blockchain and progress the tokenization of real-world assets (RWAs), Ripple and the Axelar Foundation have teamed up.

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

Leave a Reply