- Before the hacker will consider returning some of the funds, one of the wallets linked to the recent $11 million Prisma Finance heist has demanded that protocol’s team publicly identify themselves and apologize.
- Trading activity for Meme coins has surged on Degen, a Layer 3 network based on Base, based on Ethereum. While claiming that Polygon Labs has no plans to develop its own L3 network, the CEO of the business has blasted L3 chains for taking security and value away from Ethereum.
- Echo, a new angel investing platform in beta developed by cryptocurrency trader Jordan Fish (Cobie), has closed its first deal. The agreement, led by cryptocurrency dealer Ser Shokunin, gave Echo customers same terms as major VCs to invest in synthetic dollar network Ethena.
- The CEO of Morgan Creek Capital Management, Mark Yusko, stated on CNBC that he anticipates the impending halving event will cause Bitcoin’s price to go “parabolic” later in the year, reaching $150,000.
- Jordan Castro (Poopie) co-founder of the Doodles NFT project, revealed a surprise airdrop of brand-new token- Poopcoin ($poop) to Doodles community. Snipers grabbed over 36% of the supply, with one of them making $450,000 in profit thus far.
- A funding round led by Paradigm valued the parent company of Farcaster at more than $1B. Crypto investment firm Paradigm, well-known for its holdings in significant cryptocurrency businesses like Coinbase, Blur, dYdX, Compound, and Citadel Securities, is leading the round.
- Over the past week, Dogecoin (DOGE) has seen a notable 20% increase in value. The increase in Dogecoin’s value, along with the excitement around “Doge Day” and the introduction of Dogecoin futures products on Coinbase, point to a positive trend for the cryptocurrency.
- The stablecoin space has continued to grow this month, surpassing the $150 billion milestone on March 20, 2024, and receiving an additional $1.4 billion in funding since then. Ethena’s USDE led the group in supply growth for March, rising by 194.9% in the previous 30 days.
- Arrow Markets, an Avalanche-based options protocol, announced success of its $4M Series A financing effort. Support is received for global initiative to “revolutionize crypto options trading” from Framework Ventures, Delphi Ventures, and AVAX Blizzard ecosystem fund.
- FATF Chief: Less than 30% of jurisdictions worldwide have begun to regulate cryptocurrency. The discovery—dubbed a “call to action” by T. Raja Kumar—came from an investigation of which countries have followed the recommendations of the Financial Action Task Force.
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.
