Grayscale Records Minimal Cash Outflow in GBTC as Bitcoin Nears $70k
TL;DR Grayscale’s GBTC records lowest daily cash outflow at a record $18 million. Intense competition from other Bitcoin ETF issuers. Grayscale works to counter cash...
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EigenLayer’s Mainnet Operator: A New Chapter with Google Cloud
TL;DR Google Cloud has launched its EigenLayer Mainnet node operator, a significant development for the restaking protocol and its ecosystem. This follows Google Cloud’s previous...
SushiSwap: The Battle for Treasury Control
TL;DR SushiSwap’s Governance Controversy: The DeFi platform SushiSwap is in the midst of a heated debate over a proposal that could lead to the main...
Union Labs and Lava Network Launch $100,000 Incentivized RPC Campaign to Boost Blockchain Interoperability
TL;DR Union Labs teams up with Lava to launch a $100,000 incentivized RPC campaign. Lava will provide fast, robust and decentralized access to Union. The...
Ritual and Polychain Capital Join Forces to Promote the Decentralization of Artificial Intelligence
TL;DR The convergence between artificial intelligence (AI) and cryptocurrencies is gaining interest in the industry. Polychain Capital invested a multimillion-dollar sum in Ritual, in a...
CryptoQuant’s Ki Young Ju Raises Concerns Over Ethena Labs’ BTC Move
TL;DR Ethena Labs’ Strategic Decision: Ethena Labs has decided to use Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe, to increase the product’s...
Sony Bank and Sota Watanabe Join Forces to Launch Stablecoin and Blockchain
TL;DR Sony Bank and Sota Watanabe collaborate to launch a stablecoin and a blockchain. The project is in the preparation phase, marking the company’s foray...
Wormhole Attracted a Horde of Scammers During its Airdrop
TL;DR The recent Wormhole airdrop garnered significant community interest by distributing over $800 million worth of W tokens to eligible users. There was a proliferation...
Galaxy Digital Leads $100 Million Fundraising for New Cryptocurrency Projects
TL;DR Galaxy Digital, led by Mike Novogratz, is raising a new $100 million investment fund. The majority of the funding is expected to come from...
Binance Unveils SAGA in its 51st Launchpool: An Opportunity to Acquire Tokens and Engage in Crypto Ecosystem Growth
TL;DR Binance introduces the SAGA token to its 51st Launchpool. Users can participate in obtaining tokens by staking BNB or FDUSD. The Launchpool will begin...