Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from its current $2 billion mark. BTC to Boost Scalability and Liquidity The announcement, made through an April 4 thread on X, highlighted the strategic importance of incorporating BTC as a...Read More
In the fiercely competitive arena of altcoins, Ethereum (ETH) and Solana (SOL) stand as formidable contenders, each vying for the coveted altcoin crown. However, amidst this clash of titans, analysts are turning their attention to a newcomer with promising potential: Furrever Token (FURR). With its innovative approach and captivating charm, Furrever Token has captured the...Read More
Uniswap, the decentralized exchange (DEX) pioneer, has achieved a significant milestone by surpassing $2 trillion in all-time trading volume. This achievement marks a historic moment for the platform, occurring five and a half years after its launch in November 2018. Uniswap’s $2 Trillion Milestone According to data from a Dune Analytics dashboard compiled by Uniswap’s...Read More
The Solana network has been grappling with a significant surge in transaction failures, with approximately three-quarters of all transactions experiencing issues amidst the frenzy of activity sparked by the recent meme coin craze. Market players believe that the current crisis is an “existential moment as big as the FTX collapse.” Solana’s Failed Transaction Climbs 75%...Read More
Tether Treasury has been actively minting USDT tokens amidst choppy market conditions. In the latest development, $3 billion worth of USDT tokens were mined by the Tether Treasury within a period of three days, according to an update by Lookonchain. The tokens were then distributed across the Ethereum and TRON blockchains. This surge in USDT...Read More
[PRESS RELEASE – Singapore, Singapore, April 5th, 2024] Solv Protocol, the leading native yield platform that tokenizes and aggregates yields from diverse sources, is launching its new point system. The system will go live on April 5, and is designed to reward users investing in Solv vaults like SolvBTC, the platform’s native yield solution for...Read More
Bitcoin’s price action remained choppy this week. Its recovery to $69,000 remained brief after a massive plunge below $65,000. Nonetheless, the resurgence has sparked significant discussion within the community. The drop is largely attributed to the US government’s move to sell its BTC stash from the Silk Road seizure, with plans for four more similar...Read More
[PRESS RELEASE – Singapore, Singapore, April 5th, 2024] Aethir, a pioneer in decentralized GPU cloud infrastructure announced a strategic partnership with Meta48, a leader in immersive metaverse environments. This collaboration aims to revolutionize extended reality (XR) by providing users with smooth, lag-free experiences worldwide. “The collaboration between Aethir and Meta48 is a testament to both...Read More
Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB has identified a level which he believes Bitcoin (BTC) will never go below again. According to a tweet by the controversial analyst, BTC is “highly unlikely” to ever move below $33,000, which is also its 200-week moving average. This prediction applies to post-halving slumps and subsequent bear...Read More
[PRESS RELEASE – Seongnam-si, Korea, April 3rd, 2024] TRALA LAB aims to leverage zkSync to accelerate new gaming era for millions of players TRALA LAB has announced a strategic commitment to build on zkSync, a cutting-edge zero-knowledge (ZK) technology. TRALA LAB is a subsidiary of Joycity that has gained significant popularity in the global gaming...Read More
There are around 18,000 Bitcoin options due to expire on April 5 with a notional value of $1.23 billion. However, today’s expiry event is much smaller than last week’s whopping $15 billion end-of-quarter crypto options expiry. Moreover, markets have been weaker this week, with total capitalization falling 5% as $150 billion left the space. Bitcoin...Read More
Global payment giant PayPal has announced that all United States users will be able to facilitate money transfers to friends and family abroad using USD converted from the PayPal USD (PYUSD) stablecoin. PYUSD is, however, not available to residents of Hawaii. PYUSD to USD Conversions for Cross-Border Transfers PayPal said that US customers leveraging its...Read More
