Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • Web3 venture firm Paradigm is seeking to raise up to $850 million for a new cryptocurrency venture fund. The fund would be the biggest since the May 2022 crypto market crash if it raises more than $750 million.
  • Agora, the stablecoin issuer, raised $12 million. Venture firm Dragonfly led the investment. With emphasis on non-US consumers, Agora plans to introduce a stablecoin pegged to US dollar that is backed by cash and US Treasury bills.
  • Blobstream, a data availability solution for the Arbitrum ecosystem, has been introduced by Celestia. This will let developers to use Celestia for data availability to design chains that can be customized.
  • As it prepares to launch its mainent, Camp Network, a modular Layer 2 blockchain, has acquired $4 million in a seed investment round.
  • In comparison to February, the total monthly trading volume of spot bitcoin exchange-traded funds (ETFs) almost tripled in March. Compared to February’s total of $42 billion, March’s volume reached $111 billion.
  • For the airdrop of its governance tokens, Ethena established a claim page. At 4:00 a.m. EST, the governance token will be live on centralized exchanges.
  • By proposing changes to the Payment Services Act, the Monetary Authority of Singapore is extending the reach of its regulatory authority to include cryptocurrency service providers. The changes will gradually go into effect starting on April 4.
  • Blockchair reports that on April 2, 30,175 Bitcoin from Silk Road were sent to Coinbase, a cryptocurrency exchange, via a U.S. government wallet.
  • Bitcoin miners received record rewards for completed blocks and transaction fees. $85.8 million, a record monthly amount, was received from transaction fees out of total income in March.
  • Citing unapproved digital asset services, the Autorité des Marchés Financiers (AMF), the French Financial Markets Authority, issued a warning against BITGET.

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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