The Solana network is struggling to maintain its on-chain activity amid declining trading interest. Recently, the crypto market witnessed a crash that led to a price correction for SOL, driving its value towards support levels. Although SOL’s price later rebounded, the continuous low on-chain data is causing concerns among investors about the sustainability of this...Read More
Aave Labs, the team behind the DeFi lending platform Aave, has proposed a slew of major upgrades and expansions two years after introducing its V3. The suggested improvements include Aave V4, Aave Network, a Cross-Chain Liquidity Layer, non-EVM L1 deployments, and a fresh visual identity. Aave V4 According to the latest blog post, Aave V4...Read More
[PRESS RELEASE – Burlignton, United Kingdom, May 2nd, 2024] $SNUKE, a new meme coin inspired by the humor of the popular TV show “South Park” and based on the Solana blockchain, has recently achieved significant milestones in its presale. These achievements underscore its potential among the array of Solana-based meme coins poised for success. Users...Read More
[PRESS RELEASE – Panama City, Panama, May 2nd, 2024] AppLayer has unveiled the fastest and most robust infrastructure for scaling Ethereum-based applications, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers. AppLayer offers an EVM network...Read More
[PRESS RELEASE – Dubai, UAE, May 2nd, 2024] Penguiana, the up and coming meme coin on the Solana blockchain, is thrilled to announce the launch of its presale for the $PENGU tokens. The presale is scheduled to begin on Friday, May 3rd, 2024, this event marks an opportunity for Solana cryptocurrency enthusiasts and investors looking...Read More
[PRESS RELEASE – SANTA CLARA, California, May 2nd, 2024] CARV, the largest modular data layer for gaming and AI, and Aethir, a global leader in distributed GPU computing, today announced a partnership to unlock opportunities driven by the merge of “User-Owned Data + Decentralized”, starting with gaming and AI. CARV is building a modular data...Read More
According to a report released by NBC on Wednesday, U.S. prosecutors are investigating Block, a company featuring cryptocurrency services co-founded by Twitter co-founder Jack Dorsey. The allegations against the company involve accusations of processing transactions linked to sanctioned countries and potentially even individuals associated with terrorist activities. Former Employee Alleges Compliance Failures at Block During...Read More
After dogs, frogs and cats, seals are here to dominate the meme coin market. A new Solana meme coin gem Sealana kickstarted its presale phase on May 1st. In less than 24 hours, Sealana has raised over $130k in its ICO, signalling strong early demand for the new cryptocurrency. Smart-money investors and YouTube trading experts...Read More
[PRESS RELEASE – Dartford, United Kingdom, May 2nd, 2024] Real World Assets (RWAs) became the 8th biggest sector in DeFi with up to $6.08 billion trading value locked, as reported by DeFiLlama. Real World Assets projects bring any off-chain financial assets on-chain. These assets can be anything from Real Estate to Credit, T-bills, Green Bonds, and even...Read More
The current crypto market cycle, which is undergoing a heavy pullback, has largely been driven by meme coin mania and spot Bitcoin ETF hype. On May 1, economist and trader Alex Krüger shared his thoughts on what has been a rather bizarre crypto market cycle. Meme coins have dominated the narrative, alongside bitcoin following the...Read More
The spot Bitcoin exchange-traded funds (ETFs) in the United States have recently observed a noteworthy trend, marked by a consecutive six-day period of outflows. Notably, BlackRock’s IBIT ETF encountered its first instance of outflows just yesterday. This development coincides with bitcoin navigating through its most challenging month since the aftermath of the 2022 FTX collapse,...Read More
Bitcoin prices slumped to a nine-week low just below $57,000 on May 1, shedding a further 4% on the day. The asset has now bled a whopping 11% since the same time last week. Market dips and flush-outs are not uncommon for crypto assets, but Glassnode analyst James Check thinks this time is different. Large...Read More
[PRESS RELEASE – Singapore, Singapore, May 2nd, 2024] MAS-regulated custodian Propine is announcing its support for Fathom Dollar’s FXD, a stablecoin pegged to the US dollar and designed to bridge the $5 trillion trade finance gap. This development positions FXD at the forefront of real-world assets (RWA), leveraging the power of blockchain to enhance global...Read More
On April 30, the popular millennial trading platform Robinhood announced that its crypto Connect feature was now available on the Uniswap mobile application. It added that eligible Robinhood customers can get $10 in the USD Coin (USDC) stablecoin as a reward when they buy the equivalent amount of crypto using Robinhood Connect as a payment...Read More
