Japan’s Ministry of Economy, Trade and Industry (METI) has taken a bold step towards the future by launching a pilot program. It focused on promoting the adoption of digital public goods through Web3 and blockchain technology. This initiative involves major players such as PricewaterCoopers(PwC), Rakuten, and NTT Digital; moreover, it
Orderly Network, a web3 liquidity provider, has secured $5 million in strategic funding. A release was shared with The Block, which states that the new funding was engaged in by OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol. In an effort to address the liquidity issues
Tory Green has been named CEO of io.net, a pioneer in Decentralized Physical Infrastructure Networks (DePIN). Stepping up from his COO position with io.net, Tory succeeds the departing Ahmad Shadid and will now guide the firm as it grows its Internet of GPUs. Tory Green brings more than two decades
The first layer-2 ZK chain other than ZKsync Era, Cronos zkEVM, has gone live on mainnet, according to an announcement by Cronos Labs. More than 20 launch partners, including Cronos Labs, Matter Labs (one of the contributors of ZKsync), Crypto.com, VVS Finance, Fulcrom Finance, and Veno Finance, have joined together to launch the
The SEC has given the green light to MicroStrategy tracking exchange-traded fund (ETF). The MSTX exchange-traded fund (ETF) is offered by Defiance ETFs and aims to replicate 175% of the daily stock return of MicroStrategy. A public statement states that the SEC has given its formal approval to the MicroStrategy
Lumia is excited to share the details of their strategic funding round, which they have successfully completed coinciding with the sale of more than 25,000 nodes. Lumia is making great strides towards its goal of disrupting the blockchain industry for RWAs and DeFi with this development. Laser Digital, Nomura’s digital asset arm,
Marathon Digital, a Bitcoin miner, has announced that it has spent $249 million in cash to acquire 4,144 Bitcoins. Within two days of the convertible notes being oversubscribed earlier this week, Bitcoin was purchased. The original purchasers had the opportunity to acquire an extra $50 million worth of notes within
According to Morgan Stanley’s 13F filing with the US SEC, the global investment and financial services giant disclosed a sizable holding in BlackRock’s spot Bitcoin exchange-traded fund on Wednesday. In the iShares Bitcoin Trust (ticker: IBIT), Morgan Stanley revealed holding over 5.5 million shares, or $187.79 million, as of June
The US Spot ETFs over the last few months have begun to witness declining activity. While the spot Ethereum ETFs are attempting to stage a revival, the spot Bitcoin ETFs have failed to do so. Meanwhile, the two cryptocurrencies have struggled to surpass their current price levels. According to Sosovalue
Bitcoin’s price fell nearly 6.85% to $57,733 on Thursday, driven by renewed concerns over potential token distributions from the defunct Mt. Gox exchange and increased capital outflows from major exchanges. This decline came despite positive signals from U.S. inflation and interest rate data, highlighting a growing risk-off sentiment in the
