Category Archive: Cryptocurrency, No picture
Vitalik Buterin backs new Ethereum-compatible chain MegaETH in $20M round
Key Takeaways MegaETH, backed by Ethereum’s co-founder, aims to process up to 100,000 transactions per second. The project has successfully raised $20 million from various institutional and individual investors. Ethereum co-founder Vitalik Buterin has joined as an angel investor in MegaETH, a new Ethereum-compatible blockchain project. MegaETH has secured $20 million in seed funding from […]
Nobel economists warn Trump’s re-election could reignite inflation, impacting crypto markets
Key Takeaways Sixteen Nobel economists express concerns over Trump’s potential re-election and its economic risks. Economists cite increased inflation and instability as major threats under Trump’s economic policies. Sixteen Nobel Prize-winning economists have warned that Donald Trump’s potential re-election could harm the US economy and reignite inflation, a development with significant implications for the broader […]
Chainlink data streams debuts on Avalanche with GMX V2
Key Takeaways Chainlink Data Streams provide low-latency, high-throughput market data to enhance DeFi on Avalanche. GMX V2 utilizes Chainlink Data Streams for improved speed and security in its decentralized exchange. Chainlink, Avalanche, and GMX have announced the launch of Chainlink Data Streams on the Avalanche blockchain. This new integration, featuring the decentralized GMX as a […]
Solana jumps almost 10% as VanEck files for first US Solana ETF
Key Takeaways Solana’s price jump reflects market optimism following VanEck’s ETF filing. VanEck’s initiative could set a precedent for future cryptocurrency ETFs in the US. Solana’s (SOL) price surged almost 10%, from around $139 to $151, shortly after VanEck’s application for a spot Solana exchange-traded fund (ETF). According to TradingView, SOL is currently trading at […]
Zeta Markets airdrops ZEX token, price leaps 132%
Key Takeaways Zeta Markets’ $ZEX token introduces a vote-escrow model to boost long-term staking and governance. The $ZEX airdrop includes a 10% token supply, with special provisions for early supporters and active traders. Solana-based decentralized exchange Zeta Markets today initiated the token generation event and airdrop for its new token, the ZEX. The airdrop distributed […]
VanEck files for the first Solana ETF in the US, calls SOL a commodity
Key Takeaways VanEck’s filing introduces the first Solana trust in the US. The ETF aims to provide regulated exposure to Solana’s blockchain technology. Asset manager VanEck filled for the first Solana (SOL) trust in the US, according to an S-1 Form submitted to the SEC. Matthew Sigel, Head of Digital Assets at VanEck, praised the […]
Coinbase sues SEC and FDIC for crypto regulatory clarity
Key Takeaways Coinbase is suing the SEC and FDIC to access documents about crypto regulation. The lawsuits are part of Coinbase’s effort to challenge what it sees as unfair regulatory practices. Coinbase has initiated legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC), as reported by FOX Business. […]
BVNK debuts Layer1 to enhance stablecoin payment systems
Key Insights Layer1 simplifies blockchain complexities, allowing rapid stablecoin payment integration. BVNK’s Layer1 platform prioritizes user control and security in digital asset management. Global payment infrastructure provider BVNK has unveiled Layer1, a new self-custody digital asset infrastructure designed to enable businesses to deploy stablecoin payments swiftly and securely, according to BVNK’s blog announcement published today.BVNK’s […]
Coinbase opts out of ASI token merger migration
Key Takeaways Coinbase diverges from other exchanges by not facilitating the ASI token merger migration for users. The ASI merger aims to create the largest decentralized AI token, challenging Big Tech dominance. Key Insights Coinbase will continue trading support for Ocean Protocol (OCEAN) and Fetch.ai (FET) tokens but won’t execute migrations on behalf of users […]
TRON founder Justin Sun wins landmark case in the People’s Court of China
Key Insights Geneva Switzerland, June 26, 2024 – TRON DAO welcomes an unprecedented victory by its founder Justin Sun in the People’s Court of China over a landmark defamation suit filed against the Chongqing Business Media Group (“the Media”). Per court order, the Media has removed all of its false contents and issued a formal […]
