- The market capitalization of stablecoins reaches a record-breaking $150 billion. The asset class’s daily trading volume surpassed $122 billion, while its market capitalization increased to $150.5 billion.
- A flaw in the smart contract code of the L2 network game Super Sushi Samurai allowed it to be hacked for $4.6 million. CertiK, an on-chain security company, also verified the amount lost.
- OKX is going to stop doing business in India. Users asked to take their money out of the cryptocurrency exchange by April 30.
- A16z Crypto led the $28 million Series B fundraising round for Espresso Systems. By creating a marketplace for shared sequencing, Espresso is improving Layer 2 rollup compatibility.
- Chiliz Chain revealed that it had partnered with Exaion, a subsidiary of the massive French energy company EDF, to serve as its newest validator node.
- Japanese telecom firms are entering the web3 market; NTT, the country’s largest communications company, is planning to provide a cryptocurrency wallet through a subsidiary.
- JPMorgan analysts claim that despite the recent pullback, Bitcoin is still in “overbought territory.” The price of bitcoin was predicted by analysts last month to fall to about $42,000 following the impending halving event.
- Bernstein revised its projections for mining stocks it covers and increased its year-end prediction for bitcoin (BTC) price to $90K from $80K.
- An artificial intelligence (AI) and Web3 business called Tensorplex Labs earned $3 million in a funding round headed by Canonical Crypto and Collab+Currency. The money will be used by the business to create a decentralized AI system.
- In a $55 million funding round led by Paradigm, the founders of Polygon and EigenLayer participated in the zero-knowledge proof firm Succinct Labs. The startup’s goal is to provide ZK proofs to all developers.
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.
