Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • Solana’s daily new address count has hit a record high. Sol may set a new record high due to the increasing network involvement.
  • Leader of the most recent round of funding for NFTfi was Placeholder VC. According to the project, NFTfi has disbursed $534 million in loans thus far.
  • Hope DAO successfully conducted an on-chain vote to sell 209,251 Arbitrum tokens, a move that will enable it to fund research projects, pay its moderators, and operate its system.
  • Tether plans to “soon” introduce its USDT stablecoin on Celo. Celo is a blockchain that is moving towards an Ethereum Layer 2 network and is compatible with EVM.
  • Due to termination of agreement with Solana, the native token of the Telegram bot Unibot dropped by 45%.
  • Institutional and retail investors in India will soon be able to purchase U.S. spot bitcoin exchange-traded funds (ETFs) through Mudrex.
  • Bitget Wallet will soon launch BWB, a native cryptocurrency token, to improve user security and engagement in the wake of a $30 million investment in BitKeep and its rebranding.
  • zkLink Nova, launches public mainnet for the first Aggregated Layer 3 zkEVM rollup network in the industry. Built on zkSync’s ZK Stack & zkLink Nova, it consolidates liquidity and assets from Layer 2 rollups and Ethereum onto a single, interoperable platform.
  • A significant milestone for the Layer-2 blockchain network Arbitrum will be reached on March 16 when $2.32 billion worth of vested Arbitrum (ARB) tokens are set to be released.
  • A wash sale law for digital assets and an excise tax for cryptocurrency mining operations are just two of the measures included in U.S. President Joe Biden’s 2025 budget proposal. Biden wants to make significant changes to the cryptocurrency business.

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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