Solend, the Solana-based lending protocol, has undergone a major transformation by rebranding itself to Save and relaunching its platform at save.finance. This rebranding marks a strategic evolution aimed at providing a range of financial opportunities for the Solana community through the introduction of three new products. The rebranding to Save goes beyond just changing the
Igloo, Inc., the company known for its popular NFT brand Pudgy Penguins, has recently secured a substantial $11 million in funding to support the development of its Ethereum layer-2 scaling network named ‘Abstract’. The investment is a major step forward for Igloo in its journey towards blockchain innovation. Founders Fund, along with other notable investors
Ethereum’s price has shown signs of bullish momentum as it consolidates above the 100 and 200-day moving averages. After breaking above the critical 100-day moving average at $3,354, the price entered a period of sideways fluctuation, indicating an equilibrium between buyers and sellers in the market. However, with the launch of spot ETH ETFs and
Shiba Inu (SHIB) has experienced a significant drop of 13% in value over the past week, causing concern among analysts. The current downtrend in price has led some to believe that further declines may be on the horizon. One analyst pointed out that as long as SHIB remains within the $0.0000185-$0.0000164 range, its valuation could
In a strategic move to revolutionize the gaming industry, Binance Labs has recently announced an investment in Pluto Studio, the innovative GameFi publishing platform behind Catizen. This partnership signifies a significant step towards the evolution of Web3 gaming and blockchain technology. Since its release, Catizen has garnered massive popularity, attracting over 25 million players and
The introduction of Ethereum ETFs in the United States marked a significant milestone, especially for Grayscale’s Ethereum Trust (ETHE). On the first day of trading, ETHE experienced a substantial loss of $484 million, raising concerns about the potential impact on the fund’s assets under management. This trend mirrors the challenges faced by Grayscale when converting
Atari and Coinbase have joined forces to reimagine classic video games by incorporating blockchain technology. This innovative partnership aims to create a new era of gaming experiences through projects like Onchain Summer and Onchain Arcade. By utilizing the blockchain, the collaboration eliminates the need for middlemen, ensuring that game sale proceeds go directly to the
In early July, the Coinbase premium turned positive after a period of concern following a dip in mid-May. This shift has sparked renewed interest in Bitcoin among institutional investors, with many analysts viewing it as a potential indicator of a market rally. The Coinbase premium measures the difference between hourly bitcoin prices on Coinbase’s BTC-USD
India-based centralized exchange WazirX is currently in the process of seeking partnerships to restore its full operations after experiencing a significant exploit that led to the loss of nearly half of its assets. Co-founder Nischal Shetty shared this development in a social media post on July 23, reassuring users that the team is actively working
The United States House of Representatives recently passed the Financial Technology Protection Act with unanimous support. The bill, introduced by Representative Zach Nunn on April 27, 2023, and approved on July 22, 2024, is aimed at curbing the use of digital platforms for illicit activities and terrorism financing. One of the key components of the
The approval of several spot Ethereum ETFs has generated excitement in the cryptocurrency market, with traders closely monitoring the potential impact on Ethereum’s price. Amidst expectations of rapid asset accumulation, the launch of these ETFs has reignited discussions around market sentiment and future price trends. While Ether’s price has remained relatively stable in the lead-up
Greetings Verse Community, We are excited to bring you another proposal for the Verse Ecosystem. The U.S. Securities and Exchange Commission (SEC) recently approved eight spot exchange-traded funds (ETFs) backed by ETH, Ethereum’s native cryptocurrency. This has accelerated the interest in Ethereum from institutional and retail investors alike. In particular, the interest in ETH Staking
The largest spot Bitcoin ETFs in the US have been experiencing positive inflows, but the price of Bitcoin itself has faced significant retracements recently. Despite reaching close to $67,000, the cryptocurrency has been on a rollercoaster ride in the past few days. A volatile end to the previous business week saw Bitcoin drop from $65,000
A recent report from CoinShares revealed that Ethereum (ETH) experienced a surge in inflows last week, overtaking Solana’s (SOL) inflows for the year 2024. This coincides with the upcoming launch of exchange-traded funds (ETFs) that will enable regulated investment in the US for the second-largest cryptocurrency by market capitalization. Strong Momentum for Ethereum The report
In recent developments, Hong Kong is set to launch Asia’s very first Bitcoin futures inverse product on July 23. The CSOP Bitcoin Futures Daily (-1x) Inverse Product, created by China Southern Asset Management Co., Ltd (CSOP), aims to provide investors with an opportunity to profit from declines in Bitcoin’s price. This exchange-traded fund (ETF) will
MetalCore Arena is not just another free-to-play blockchain game; it is a game-changer in the industry. By combining modifiable teams of mechanized units and squads of infantry with blockchain technology, MetalCore Arena introduces a whole new era of gaming. The addition of blockchain brings a new level of strategic depth while also paving the way
Crew Wars, the latest feature in Gangster Arena, is shaking up the gameplay by putting a strong emphasis on teamwork. Players can now join or create crews to collaborate and pool their resources in order to climb the ranks and win valuable prizes. Each crew has a different joining fee based on its rank, motivating
Crypto analyst RLinda has recently made a bold prediction that Bitcoin could potentially reach a new all-time high of $90,000. She cited both fundamental and technical factors that support this optimistic outlook for the flagship cryptocurrency. On the fundamental side, RLinda pointed out that the market is eagerly anticipating the launch of Spot Ethereum ETFs,
The latest data on digital asset investments reveals a significant upward trend, with inflows reaching an impressive $1.35 billion last week alone. This marks a substantial increase from the previous weeks, bringing the total inflows over the past three weeks to a staggering $3.2 billion. These figures indicate a growing interest in digital asset products
The Digital Chamber has recently urged Vice President Kamala Harris to take a proactive stance on digital assets and blockchain technology. They emphasized the potential for these technologies to drive innovation, foster economic growth, and promote financial inclusion. This call to action comes at a critical time as the world increasingly shifts towards digital solutions
Recent reports from 10x Research have suggested that if President Joe Biden decides to withdraw from the 2024 presidential race, former President Donald Trump could potentially secure a “decisive victory” in the November election. The firm believes that no credible candidate currently stands a chance against Trump, essentially predicting that the election outcome has been
Ripple’s XRP has recently experienced a significant surge in its price, climbing by 40% in just two weeks. Despite a brief dip below $0.55, the token is currently trading above $0.60, leading many analysts to predict even further gains in the near future. Some industry insiders have even suggested that XRP could reach as high
The CEO and founder of DAIM, Brian Korshain, recently expressed a high level of optimism regarding the potential impact of former President Donald Trump’s support for Bitcoin. Korshain mentioned Trump’s rumored plan to make Bitcoin a strategic reserve asset for the US government, stating that while it is “possible,” the process could be “very difficult
Ethereum, a significant player in the cryptocurrency market, began its journey with an initial coin offering (ICO) on July 22, 2014. The ICO was conducted in a permissionless environment, free from venture capital influence or vesting periods. Initially priced at 2,000 ETH per sale unit per BTC, the rate gradually decreased over the course of
The recent surge in the crypto market has brought smiles to the faces of investors, with both Bitcoin and altcoins experiencing significant rallies. Crypto analyst Capo of Crypto has provided a glimmer of hope, suggesting that these tokens are poised for even bigger moves to the upside. In a recent social media post, Capo expressed
The recent announcement of Joe Biden withdrawing from the 2024 presidential race caused significant market volatility among presidential meme coins. This abrupt decision led to a sharp decline in the value of tokens associated with Biden and his family members, while boosting tokens linked to potential Democratic replacements. One of the most notable effects of
Bitcoin (BTC), the world’s leading cryptocurrency, has recently experienced a pullback, with its price heading for the $66,736 level. This dip follows a period of significant bullish activity that had previously pushed BTC’s price above this mark. As the price of the crypto asset approaches this critical level, the key question is whether the bulls