Circle, a global financial technology leader, has partnered with Sony Block Solutions Labs. This partnership aims to enhance innovation and creativity through decentralized technologies by utilizing Soneium, a public Ethereum Layer-2 blockchain ecosystem. The collaboration will integrate the Bridged USDC Standard, positioning bridged USDC as one of the primary tokens
21 hours ago 2 mins read
Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has quickly gained traction, amassing a market capitalization of nearly $100 million within its first 24 hours. According to Dune Analytics, cbBTC’s circulating supply stands at 1,720 tokens, valued at $99.8 million. Of this, 43% is held on Base, Coinbase’s layer-2 network, while
September 13, 2024 1 min read
Crypto exchange Kraken is escalating its legal battle with the U.S. Securities and Exchange Commission (SEC) by demanding a jury trial. This request, revealed in a recent court filing, comes as a California judge has ruled that the SEC’s lawsuit against Kraken will proceed to trial. The SEC first sued
September 13, 2024 2 mins read
Treasure DAO is set to vote on a proposal that could move its Web3 gaming ecosystem from Arbitrum to ZKsync. The vote, scheduled to begin on September 17, will determine if the DAO should approve this migration. The proposal suggests that ZKsync’s technology is better suited for Treasure’s long-term goals
September 13, 2024 2 mins read
A recent report by Simplicity Group Research reveals that Bybit has emerged as the leading platform for Day 1 token price performance, surpassing Binance and Coinbase. The report examined token performance across Binance, Coinbase, OKX, Gate.io, MEXC, Bybit, and KuCoin, focusing on their average price changes after listing. According to
September 12, 2024 1 min read
Ethereum, often regarded as the second most valuable cryptocurrency after Bitcoin, is facing challenges in attracting institutional investors. Executives from Attestant, an institutional staking firm, believe that Ethereum’s current market performance doesn’t fully reflect its value. According to Chief Commercial Officer Steve Berryman and Strategic Advisor Tim Lowe, of Attestant,
September 12, 2024 2 mins read
Bitcoin’s price is currently trading above $58,000, reflecting a 24% drop from the yearly high of $73,800 recorded in March 2024. The cryptocurrency market has been volatile in the second half of 2024, with BTC particularly affected by global macroeconomic uncertainty. As of September 12, 2024, BTC has surged over
September 12, 2024 2 mins read
In the rapidly evolving cryptocurrency market, Altcoins like Aave (AAVE), Internet Computer (ICP), and THORChain (RUNE) are gaining significant attention due to their recent price movements and developments. Aave (AAVE) has been in the spotlight recently with its innovative lending protocol and key partnerships. Aave’s current price stands at $148.70,
September 11, 2024 2 mins read
The United Arab Emirates (UAE) has taken a significant step towards solidifying its position as a global leader in virtual assets. A new cooperation agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). The agreement was signed in September 2024 at the SCA’s Dubai
September 11, 2024 2 mins read
As we enter the final quarter of 2024, the cryptocurrency market stands on the brink of potential upheaval and opportunity. The Q4 has been marked by heightened activity and bullish trends, making it a prime time for investors. However, analysts have noted a growing resilience in altcoins, despite Bitcoin’s recent
September 11, 2024 2 mins read