Crypto Bytes: Top 10 Breaking News from Cryptoverse

  • App for trading Bitcoin Venture company Arca led the $3 million pre-seed fundraising round for Oyl. BRC-20 developer Domo and co-founder of BitMEX Arthur Hayes took part in the round as well.
  • Do Kwon, co-founder of TerraformLabs, will be sent back to South Korea, a Montenegro court decided on Thursday. This action was taken after a Montenegrin court reversed an earlier ruling on Kwon’s extradition to the US.
  • In just two weeks since its debut, Zircuit’s staking programme has collected nearly $385 million in TVL. The programme outperformed comparable scaling options in terms of TVL and community statistics, breaking records in the first 24 hours with over $129M TVL accumulated.
  • Injective introduces inEVM on the mainnet, claiming it to be the first rollup of the Ethereum virtual machine “capable of achieving true composability across Cosmos & Solana.” By establishing a network of “Electro Chains” with inEVM, Injective hopes to improve compatibility.
  • Galileo and Lemniscap led a seed fundraising round for Cosmology, which raised $5 million. It offers a full-stack environment for development with an emphasis on the Cosmos ecosystem.
  • On the Solana blockchain, tokens named after US President Joe Biden—like Jeo Boden—have seen a sharp increase in value. Celebrities with misspelt names are beginning to form a memecoin class.
  • With the launch of its Next platform, cryptocurrency exchange Binance lets users predict which tokens will be added to its futures exchange first. .Any trader may wager on someone who has been nominated.
  • Next week, via Issuance Swiss AG, Figment Europe and Apex Group will introduce Ethereum and Solana staking ETPs on the SIX Swiss Exchange. The purpose of the ETPs is to provide banks or traditional brokers with easy access to staking rewards for institutions.
  • Multicoin Capital and Protocol Labs spearheaded a massive $73 million Series A investment that was raised by Zama. The open-source cryptography startup specialises in data secrecy and develops completely homomorphic encryption technology.
  • Due to a scheduled network upgrade on March 11, the Korean cryptocurrency exchange Upbit has announced the suspension of NEAR deposits and withdrawals. According to the statement, the suspension will begin on March 11 at 18:00 & last until the network’s stability is verified.

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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