Crypto Bytes: Top 10 Breaking News from Cryptoverse


  • BlockFi has reached a settlement of about $1 billion with the estates of Alameda Research and FTX. BlockFi is now closer to its consumers’ complete recovery, thanks to this settlement.
  • Runestone is the largest ordinal inscription by block size and is being auctioned off. Highest price recorded on the Ord City marketplace for the Runestone inscription 63,140,674 was 0.26 BTC.
  • Wormhole, a cross-chain protocol, declared on Wednesday that it will airdrop about 617M W tokens. Along with “community users,” the company is airdropping tokens to users of “Wormhole ecosystem applications.”
  • Spain’s data protection watchdog is still looking into WorldCoin, therefore WLD has been blocked for three months.
  • Teleporter, introduced by Avalanche to improve communication within the subnet environment. Teleporter will integrate AVAX’s network of application-specific chains. Based on Avalanche Warp Messaging (AWM), it’s compatible with subnets supported by EVM, in particular the C-Chain.
  • Blockchain security company Firewall has raised $3.7M in a pre-seed fundraising round co-led by North Island Ventures, Breyer Capital, and Hack VC.
  • A derivative token being developed by Hedgehog aims to replicate the values of existing cryptocurrency transaction fees. If successful, it could enable protocols to act as a buffer against changes in transaction fees.
  • Dogwifhat, a meme coin on Solana, has increased by more than 50% since going live on Binance yesterday, hitting a new peak of about $2.16.
  • Hut8 is closing down its Bitcoin mining facility. A Hut 8 report dated March 6 states that the platform would close as a result of increasing costs and power disruptions. At the moment, Drumheller uses roughly 11% of Bitcoin’s hash rate for mining and mines 1.4% of BTC.
  • The CANDY token from Lena Network experienced a loss of almost 95% of its value today after 753 Ether, or roughly $2.9 million, was taken out.

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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