Manta Network’s native Layer 2 modular blockchain, Manta Pacific, has seen a significant increase in Total Value Locked (TVL), exceeding $800 million. This represents a 65-fold increase over the last quarter. Manta Pacific was launched less than four months ago, in October 2023, with an initial TVL of $10 million. This rapid growth has established […]
The Securities and Exchange Commission (SEC) has given the green light to the first spot Bitcoin exchange-traded funds (ETFs) in the United States. This move is seen by Web3 professionals as a potential boost to the nonfungible tokens (NFTs) sub-crypto ecosystem, which has been experiencing a downturn.Bill Qian, chairman of Cypher Capital, a crypto investment […]
In a historic event, Grayscale, BlackRock, and Fidelity have led the debut of Bitcoin ETFs in the U.S., marking a significant step in integrating cryptocurrency with traditional financial markets. The launch saw a record-breaking $4 billion trading volume on the first day, reflecting robust investor confidence.Senior ETF Analyst, Eric Balchunas, highlighted the extraordinary level of […]
The recent approval of 11 Bitcoin spot exchange-traded funds (ETFs) has sparked a fierce competition among asset management giants. Mike Novogratz, CEO of Galaxy Digital, predicts a showdown between Invesco, Fidelity, and BlackRock. The latter’s IBIT traded $7.5M shares within the first 10 minutes of its launch.Simultaneously, Everlodge, a disruptor in fractional vacation home ownership, […]
The NEAR Foundation, the non-profit entity responsible for the NEAR protocol, has announced a significant reduction in its workforce. This strategic shift is aimed at streamlining operations and enhancing efficiency. The decision to cut 40% of its workforce, affecting 35 jobs, comes in response to feedback from the NEAR Foundation Council, which raised concerns about […]
A Solana-based maximum extractable value (MEV) bot has made a staggering $1.7 million from a single trade. This occurred when a trader made a $9 million purchase of the memecoin Dogwifhat (WIF) in a highly inefficient manner. The MEV bot, operated by 2fast, swapped 703 Solana SOL to 490,000 WIF and then swapped the same […]
In a landmark decision, the US Securities and Exchange Commission (SEC) has approved all 11 Bitcoin ETF applicants, marking a significant milestone for the cryptocurrency industry. This move is expected to bring about a new era of inflows, institutional investments, and regulatory clarity, potentially reshaping the entire crypto market landscape.Market analyst Michael Van de Poppe […]
Cryptocurrency exchange Coinbase has joined forces with Africa’s Yellow Card to extend its product offerings to 20 new African nations. The primary focus of this partnership is to enhance the accessibility of the USD Coin (USDC) stablecoin.In a statement released on January 11, Coinbase expressed that this collaboration will pave the way for the future […]
Bitwise, a cryptocurrency index fund manager, has pledged to donate 10% of the proceeds from its Bitwise Bitcoin ETF to support the open-source development of BTC. This move comes in the wake of the recent approval of the investment product, a development that has been eagerly awaited within the industry.In a thread on X on […]
In the year 2024, the world of cryptocurrency is set to experience a significant season, dubbed ‘Crypto Summer’. This upcoming period is anticipated to bring about a unique set of changes and advancements in the field.One of the key expectations for this period is a surge in stability for Ethereum, one of the leading players […]
