Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • Stack has raised $3M in venture funding to build out the infrastructure for on-chain points. Round was led by Archetype, with additional backing from Scalar Capital, A.Capital, Coinbase Ventures.
  • SEC postponed decision & requested feedback from public over the two spot Ethereum ETFs that Fidelity and BlackRock had proposed. The agency explicitly inquired as to whether it had “unique concerns about ether’s susceptibility to fraud and manipulation.”
  • 193,000 bitcoins are currently owned by MicroStrategy, whose shares surged by more than 23% on Monday as BTC crossed $67,000. Microstrategy is planning to privately offer $600M in convertible notes, which it said it would use “to acquire additional bitcoins.
  • At its peak, Tether’s supply of the dollar-pegged stablecoin was approximately 99.5 billion units. Tether, the issuer of USDT, reported its greatest net profit of $2.9 billion during the fourth quarter of 2023.
  • Potential Worth of the Ethereum and Solana Wormhole Airdrop Is Nearly $3 Billion. Wormhole’s W token is now five times more valuable in early trading than it was a month ago.
  • Coinbase crashes again! Bitcoin Soars While Coinbase Crashes Once More! Following a Monday spike in Bitcoin’s price, Coinbase experienced yet another crash due to an increase in visitors.
  • Second-highest CryptoPunk sale ever, for 4,500 ETH, which is around $16M. CryptoPunk #3100, one of the nine alleged “Alien Punks,” was for sale.
  • In its first 48 hours of existence, Blum, which combines CEX and DEX facilities for a novel trading experience, attracted over 50,000 signups. The hybrid cryptocurrency exchange was unveiled by a group of former Binance employees and is supported by Binance Labs.
  • The Binance cryptocurrency exchange’s Web3 Wallet team has finished integrating the Blast network.
  • By September of this year, Taiwan intends to implement legislation governing cryptocurrency. The goal of this project is to impose stringent regulations on domestic and foreign bitcoin businesses.

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.

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