Ark Invest Continues Portfolio Rebalancing, Sells $6.4 Million Worth of Coinbase Shares
Ark Invest, under the leadership of Cathie Wood, has executed another round of rebalancing, shedding $6.4 million worth of Coinbase shares on Thursday as part of its ongoing portfolio management…
Sony Bank Explores Stablecoin Trial on Polygon Blockchain
Sony Bank, the banking division of the renowned Japanese entertainment conglomerate, has initiated a proof-of-concept endeavor to introduce its own stablecoin pegged to fiat currency, as reported by Nikkei. This…
Binance Implements Stricter KYC Standards for Corporate Clients
Cryptocurrency exchange Binance has announced a tightening of its Know Your Customer (KYC) requirements for business clients, signaling a shift toward enhanced compliance measures. Effective from March 20, Binance has…
Understanding the Solana Network Glitch: Co-Founder Anatoly Yakovenko Addresses Concerns
Solana co-founder Anatoly Yakovenko has shed light on the recent network glitch that plagued the blockchain ecosystem, causing transaction failures and block finalization slowdowns. As of April 5, Yakovenko confirmed…
Major Banks Express Interest in Direct Bitcoin Purchases from Mining Firm Hut 8, CEO Reveals
In the run-up to the Bitcoin reward halving event, Hut 8, a prominent bitcoin mining company listed on the Toronto stock exchange, has disclosed that several major financial institutions have…
Binance Expands Web3 Wallet with Integration of 35 New dApps
Binance has recently expanded its web3 wallet by integrating 35 new decentralized applications (dApps), enhancing its functionality and usability for users. The latest additions include prominent platforms like Aevo, Ambient…
Decline in Liquid Staking Platforms: A $1.18 Billion Unstaking Trend
Over the past 22 days, a notable decline has been observed in the volume of staked ether across various liquid staking derivative token platforms. Recent data reveals a decrease of…
Researchers at the Ethereum Foundation Face Backlash Over Their Plan to Reduce ETH Issuance
Two researchers from the Ethereum Foundation (EF) proposed earlier this year to slow down the rate at which new Ether (ETH) tokens are issued. It was a deliberate strategy to…
Ethena Labs Boosts USDe with Bitcoin Backing Asset
Ethena Labs has announced the inclusion of bitcoin as a backing asset for its USDe synthetic dollar, aligning with the growing interest in the world’s oldest digital asset among traders….
Paradigm Leads $20M Series A Funding Round for Ellipsis Labs
Ellipsis Labs, a developer of decentralized crypto exchanges, has successfully raised $20 million in Series A funding, with Paradigm leading the investment round. Joining Paradigm in the funding were Electric…
Wormhole Rectifies Airdrop Oversight, Excludes Hacker Addresses
In a surprising turn of events, cross-chain protocol Wormhole initially allocated tokens from its latest airdrop event to wallet addresses linked to the exploiter behind its previous hack. However, the…
Binance to Discontinue Bitcoin NFT Support Amidst Rising Interest
In a surprising move, cryptocurrency exchange Binance has announced its decision to discontinue support for Bitcoin Non-Fungible Tokens (NFTs) less than a year after their introduction to its marketplace. According…
Crypto Enthusiasts Fund Man to Name Goats After Cryptocurrency Figures
In a unique trend within the cryptocurrency community, enthusiasts are pooling funds to sponsor a man in purchasing goats and naming them after notable figures, products, or concepts within the…
PayPal Introduces PYUSD for Hassle-Free International Payments
In a significant move towards facilitating international transactions, PayPal has unveiled a new service allowing its U.S. clientele to utilize the PYUSD stablecoin for cross-border money transfers. Effective immediately, U.S….
Ripple Unveils USD-Pegged Stablecoin Aimed at Competing with USDT and USDC
Ripple, a leading blockchain solutions provider, has revealed its intention to launch a stablecoin pegged to the U.S. dollar later this year, signaling a strategic move to penetrate the stablecoin…
Unraveling the Future: VanEck Forecasts $1 Trillion Valuation for Ethereum Layer 2 Tokens by 2030
The Ethereum Layer 2 market is poised to witness an unprecedented surge, with investment firm VanEck predicting a staggering valuation of at least $1 trillion by 2030. This optimistic projection…
Crypto Bytes: Top 10 Breaking News from Cryptoverse
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…
Raiinmaker Secures $7.5 Million Seed Round Led by Jump Capital
Raiinmaker, a web3 artificial intelligence firm, has successfully raised $7.5 million in seed funding, marking a significant milestone for the company. The round was co-led by venture firms Jump Capital…
Wormhole Token Fluctuates Amid Airdrop Anticipation and Phishing Concerns
The highly-anticipated Wormhole airdrop stirred considerable excitement in the cryptocurrency community on Wednesday, as the protocol’s native token experienced significant volatility, initially plunging by nearly 25% before staging a notable…
Zeus Network Raises $8 Million in Token Round, Valued at $100 Million
Zeus Network, an interoperability layer built on the Solana blockchain, has successfully raised $8 million in funding through a seed round led by Mechanism Capital. This recent funding round has…