Terraform Labs, led by Do Kwon that created the defunct LUNA cryptocurrency and the stablecoin TerraUSD (UST), has reached a preliminary settlement agreement with the SEC over fraud charges. Reuters broke the news of the settlement’s preliminary terms. All parties have notified the court of an agreement, according to the
May 30, 2024 2 mins read
Today, Pudgy Penguins, the brand development business behind the popular Pudgy Penguins character series, and Mythical Games, a cutting-edge gaming technology studio, announced a collaboration to create a unique web3-enabled mobile video game. The collaboration brings together the creators of the well-known Pudgy Penguins characters with the game company behind NFL
May 30, 2024 2 mins read
Ramp Network, a financial technology firm that is developing payment rails to link cryptocurrency to the global financial system, has announced that it is adding support for SEPA Instant bank transfers in Europe to its crypto-to-fiat off-ramp. Ramp is also expanding the number of local currencies it accepts for Visa
May 30, 2024 2 mins read
A complete on-chain solution for trading perpetual futures, Perpetual Hub has been introduced by Layer 3 liquidity protocol Orbs. Prior to today, the market’s leading solutions relied on an order book or virtual liquidity mechanism, both of which were inefficient in terms of capital. With an intent-based paradigm, Perpetual Hub
May 30, 2024 2 mins read
Officially, Hashdex is pulling the plug on their planned spot Ethereum ETF. This withdrawal came only one week after eight other issuers’ comparable bids were approved by the U.S SEC. On Tuesday, Nasdaq announced a change in strategy by withdrawing the Hashdex Nasdaq Ethereum ETF. Following the SEC’s approval of
May 30, 2024 2 mins read
Greg Solano, co-founder of Yuga Labs, has finally spoken out about his plans for the Bored Apes franchise as a whole. Solano took to his official X account to explain that he is holding himself responsible by basing his update on his 10-day check-in. Ever since it debuted and became
May 26, 2024 2 mins read
Marathon Digital, a prominent Bitcoin miner, has teamed up with the Kenyan Ministry of Energy and Petroleum (MOEP) to further expand the renewable energy industry in the nation, which is currently booming. The main goals of the collaboration are to build essential energy infrastructure, share ideas for policies and investments,
May 26, 2024 2 mins read
Analog is a web3 data provider and Layer-0 cross-chain communication protocol. Assisting developers in creating dApps, it provides a wide array of tools and facilitates true interoperability across any blockchain network. Analog is launching its much-anticipated incentive testnet today. The main offerings from Analog provide a robust cross-chain development toolkit: With
May 23, 2024 2 mins read
The Ethereum wallet MetaMask is going to have Bitcoin compatibility soon, allowing it to extend its capabilities even further. The company hopes that by doing this, users of Bitcoin and Ethereum would be able to more easily deal with one another. The goal of this work is to provide a
May 23, 2024 2 mins read
According to the DeFiLlama rankings, Solv Protocol, a unified yield and liquidity layer for prominent digital assets, has crossed $1 billion in Total Value Locked (TVL), solidifying its standing as the 32nd biggest decentralized finance (DeFi) protocol. Ryan, founder of Solv Protocol stated: “Reaching this significant milestone is a testament to the
May 22, 2024 1 min read