Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • ‘Notcoin’ on Telegram is awarding $400K in total, along with millions of in-game coins. Ahead of the airdrop, the popular game Notcoin has released a new promotion that offers tons of in-game currency and 100,000 Toncoin.
  • Arbitrum Foundation has announced a two-year campaign to invest 200 million ARB, or roughly $400 million, on gaming project promotion on its blockchain. Plan is to invest majority of money in grants given to publishers and builders in order to accelerate its gaming ecosystem.
  • The Avalanche Foundation has disclosed the ownership of its initial five community coins. As part of its Culture Catalyst program, the holdings include meme currencies like Coq Inu, Gecko, Kimbo, NoChill, and Tech.
  • After the investment round is over, the DeFi project’s Berachain valuation is anticipated to reach $1.5 billion. The group has previously stated that the second quarter of 2024 will see the launch of its mainnet.
  • Not long after getting the first-ever clearance from Dutch regulators to run a cryptocurrency derivatives trading platform in the country, D2X raised $10 million in a Series A fundraising round led by Point72 Ventures.
  • Zerion is developing a Layer 2 network that will have no fees. This is supposed to make it simpler to introduce newcomers to cryptocurrency.
  • For the first time in their existence, the total assets under management for digital asset investment products has surpassed $100 billion. Less than three months into 2024, the worldwide crypto funds smashed the record for yearly inflows the day before.
  • With the Atlas upgrade, Offchain Labs has extended support for the Dencun upgrade within the Arbitrum ecosystem. By using blob transactions, the Atlas update seeks to lower Ethereum Layer 2 transaction costs.
  • Metis has released an alpha version of their decentralized sequencer. Initially offered to a limited user base, the deployment represents a step up from the current centralized single-sequencer paradigm employed by Layer 2 rollups.
  • Ethereum restocking project EigenLayer has released a roadmap detailing its mainnet rollout strategy. Eigen Labs stated in a blog post on Thursday that “a seamless launch that prioritizes both security and performance remains our primary focus.”

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