EigenLayer, a protocol that allows validators and stakers to restake liquid staking derivative tokens on Ethereum, has witnessed a massive growth in its total value locked (TVL), reaching $6.99 billion on Feb. 15. EigenLayer has overtaken JustLend, a cryptocurrency lending protocol, and become the fourth-largest restaking protocol by TVL. EigenLayer’s
A collaboration between Layer 3 blockchain Orbs and OTC derivatives platform SYMMIO has been established. The collaboration will facilitate the growth of onchain derivatives trading, which leverages deep liquidity and improved capital efficiency. For its blockchain- and DEX-agnostic Liquidity Hub, which operates on top of AMMs and solves the issue
In order to boost development of a multiplayer role-playing game broadened with digital collectibles, Overworld, a game studio that creates high-quality, cross-platform multiplayer role-playing games, concluded a $10 million seed round led by Hashed alongside The Spartan Group, Sanctor Capital, and Galaxy Interactive. Hashkey, Big Brain Holdings, and Foresight Ventures
In a strategic move aimed at bolstering its presence in the evolving digital asset landscape, Ripple has announced its agreement to acquire Standard Custody & Trust Company, a respected platform renowned for its enterprise-grade services in digital assets. Despite its ongoing legal tussle with the U.S. Securities and Exchange Commission
An enterprise-grade regulated platform for digital assets, Standard Custody & Trust Company, was acquired by blockchain payments provider Ripple Labs. As of yet, regulatory clearance is required before Ripple Labs can complete its acquisition of Standard Custody, a PolySign subsidiary. Requesting clearance from the relevant authorities highlights Ripple’s dedication to
On Monday, South Korean game producer Com2uS revealed a partnership with the Oasys blockchain initiative. As a result of the collaboration, the game developer will be able to better prepare its web3 gaming infrastructure to enter the Japanese market. A blockchain network focused on gaming, Oasys has collaborated with SoftBank, Sega,
Eli Remolona, governor of the Bangko Sentral ng Pilipinas (BSP), has announced that the BSP plans to launch a central bank digital currency (CBDC) for wholesale use in the coming years. In 2020, the central bank of the Philippines began investigating CBDCs. November saw the Bank for International Settlements (BIS),
With the goal of promoting the growth of DLT, Abu Dhabi Global Market (ADGM) and the Solana Foundation have inked a memorandum of agreement. Although no concrete actions were announced, the partners are going to explore potential avenues for growth within the framework of ADGM’s DLT Foundations Regulations. According to
Ramp Network, a financial technology firm developing payment rails that link cryptocurrency to the global financial system, announces the launch of its groundbreaking document-free verification procedure. Customers in Brazil may currently utilize this feature to purchase cryptocurrency, and it will soon be available to a larger audience as well. To
Nibiru Chain receives strategic investment from Kraken Ventures, NGC Ventures, ArkStream, Tribe Capital to accelerate innovation and scalability. Nibiru Chain, a general-purpose layer 1 blockchain, has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious phase of growth. Venture investments included contributions
