Galxe debuts its Layer 1 Gravity chain’s alpha mainnet
The alpha mainnet of the Layer 1 blockchain Gravity has been made available by the Web3 credentials and rewards platform Galxe. All of Galxe’s products, including Quest, Compass, Passport, and…
Developer incentives and a bounty scheme are announced by Sonic Labs
The Sonic Boom and Sonic Gems bounty program aims to support the first wave of applications on the Sonic platform, according to a press release. The project aims to target…
German crypto ATM heist results in $28 million being taken
German crypto and the summer have had a lot going on. After selling Bitcoin that had been seized, German officials came under fire for their unfavorable views of cryptocurrencies. August…
To address Ethereum’s MEV issue, Sorella Labs has raised $7.5 million in a seed round led by Paradigm
In a seed fundraising round, Sorella Labs, a cryptocurrency firm creating tools to address Ethereum’s maximal extractable value (MEV) problem, raised $7.5 million. According to Sorella Labs on Tuesday, Paradigm…
YieldNest, a restaking firm, creates a unique liquid token using EigenLayer
In an effort to capitalize on the expanding market for liquid staking derivatives, restaking firm YieldNest is introducing a new coin. The technology, known as ynLSDe, aims to provide extra…
To develop its ZK network, decentralized identification company zkME closed a $4 million seed investment
The team behind zkMe Technology Limited, a zero-knowledge technology firm based in Hong Kong, said in a statement on Tuesday that it has successfully completed a $4 million seed round…
Tron Wins Round One in Securities Suit As Judge Turns Down SEC’s Request
The US Securities and Exchange Commission (SEC) has filed a move to expedite its continuing securities fraud prosecution against Justin Sun, the founder of Tron Foundation, but a federal judge…
Micro3.io and Kroma Form Groundbreaking Collaboration in Web3 Evolution
Kroma, a positive rollup on the Superchain that makes use of zkEVM technology, has announced a fascinating new collaboration with Micro3.io. This partnership represents a significant advancement in the development…
Adoption of cryptocurrencies rises 6.4% in H1’24 as a result of Bitcoin and Ethereum milestones
According to Crypto.com’s most recent market sizing analysis, ownership of the global cryptocurrency market increased significantly during the first half of the year. From 580 million at the end of…
The court says Shaquille O’Neal cannot avoid the Solana NFT lawsuit
A U.S. judge said that Shaquille O’Neal’s legal battle over his Solana NFT project Astrals could proceed on some charges that the basketball icon marketed and sold investors unregistered securities,…
CryptoPunk Purchased in 2022 for a Record $24 Million and Sold While Ethereum NFT Prices Were Falling
Monday saw the sale of the most expensive CryptoPunk ever offered for an undisclosed amount, during the historic decline in the value of “blue chip” NFTs. One of the nine…
USDT from Tether will launch on Layer 1 Aptos
The creator of the biggest stablecoin by market value, Tether, said that it will launch USDT, a token linked to the US dollar, on Layer 1 Aptos. Low gas fees—just…
Users Can Now Access The Banca Sella Bitcoin Service
Fintech Finance claims that the 1886-founded Italian bank Banca Sella now provides a different service: trading Bitcoin on a brand-new platform called Hype via its mobile banking app. Huge Usage…
Bitwise Expands Into Europe With New Agreement to Expand Market Reach of BTC ETFs
Through the acquisition of London-based ETC Group, one of the biggest European participants in cryptocurrency exchange-traded products, Bitwise Asset Management is expanding its global footprint. Bitwise, the provider of Bitcoin…
The supply of Ethereum is significantly increasing due to declining gas fees: Kaiko Report
Because of the increase in layer 2 operations and the March deployment of the Dencun update, Ethereum has reportedly reached its five-year minimum fee. Ethereum Supply is Affected by Gas…
Optimism Identifies Flaws in the Fault Proof System and Suggests Fixing Them
Network Upgrade Suggested by Optimism to Fix High Severity Vulnerabilities One of the top three Ethereum L2 projects in terms of total value locked (TVL), Optimism, was revealed to have…
Expert from South Korea Forecasts a “Ceiling” of 642% Growth in Bitcoin Prices Over the Next Ten Years
A prominent South Korean analyst has projected that the price increase of Bitcoin (BTC) will have a 642% “ceiling” during the next ten years. According to News1, the prediction appeared…
Pump.Fun launched eight months ago, and in that time, its total income has almost reached $100 million
In the upcoming days, Pump.Fun, a memecoin generator on Solana, is anticipated to reach a cumulative revenue of over $100 million. DeFiLlama statistics indicates that the platform’s total revenue increased…
Cardano falls out of the top 10 cryptocurrencies
Based on market capitalization, Cardano’s native coin is now the eleventh-largest cryptocurrency. Since January, the cryptocurrency’s market share has been gradually declining, notwithstanding a slight increase in the wake of…
CoinShares reports unprecedented withdrawals from Solana as memecoin trade drops
In terms of weekly outflows, Solana SOL +2.55% hit a new milestone, per the most recent CoinShares data. The article stated that the largest-ever outflow of $39 million from the…