Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
Google’s chief AI officer announced on Monday that the business will invest more than $100 billion in developing AI technology, after his comparison of the billions of dollars invested in AI development to the frenzy around cryptocurrencies. During a TED conference in Vancouver on Monday, Demis Hassabis, the CEO of Google DeepMind, answered questions regarding … Read more
Because of the persistent bearishness in the cryptocurrency market, the floor price of the Bored Ape Yacht Club’s (BAYC) blue-chip NFT collections is currently at an all-time low. In a recent X post, Colin Wu’s media highlighted this trend. The floor price of BAYC NFT fell to 11.079 ETH tokens, or $33,924, according to data … Read more
Ethena Labs, a decentralized protocol focusing on the yield-bearing USDe stablecoin, has stirred debate among crypto traders since its public introduction in February, with comparisons drawn to the Terra ecosystem, which collapsed in 2021. Individuals staking USDe for a minimum of seven days currently enjoy an annualized yield of approximately 37%, leading to a surge … Read more
The inaugural day of the 2024 Paris Blockchain Week, which commenced on April 9, has been incredibly stimulating. It began with a flurry of announcements and captivating speeches, setting the stage for an event filled with insightful discussions. With prominent figures from the crypto sphere in attendance, the first day witnessed a plethora of engaging … Read more
Don’t miss the exclusive VC and Founders Summit in Dubai – FUTURUM EVENT! The event is aimed at an audience who want to launch and promote their startup in the UAE, get benefits and support, meet DIFC representatives and residents and get feedback on their project from VCs ▪️17th April ▪️ 13:00-16:00 ▪️ DIFC Innovation hub, Dubai, … Read more
This week is Avraham Eisenberg’s criminal trial. Eisenberg is charged with stealing more than $100 million from the Mango Markets decentralized exchange (DEX). From a financial expert to a Broadway singer, the jury for a federal court in New York was gathered on Monday. Manipulation of the Mango Markets: Was it Trading Cleverness or Market … Read more
The statement clarified that certain transactions were reverted as a result of parameter modifications, and that new transactions were denied and couldn’t be executed for a short while. According to Starkscan, its block monitoring tool, the Ethereum layer-2 protocol Starknet encountered a block reorganization issue that resulted in a transaction backlog and a four-hour disruption … Read more
Although Taiwan’s victory over South Korea made this breakthrough in Asian technology investment dynamics feasible, the latter was eclipsed by the startling rise of its dependable semiconductor producer, Taiwan Semiconductor Manufacturing Co. (TSMC). TSMC’s significant influence on the AI industry worldwide contributed to a 14% increase in the stock of Taiwanese companies in 2023. It … Read more
When SushiSwap, a significant decentralized exchange (DEX), suggested a governance one-to-be-done that may reconfigure its auspices and operations, it marked a significant modification within the decentralized finance (DeFi) system. The proposal, which was written by SushiSwap developer Jiro, proposes a very significant shift in how the treasury funds are allocated. Specifically, it calls for moving … Read more
But there is a strong obstacle in the way that could prevent it from going any farther before $3.50. This optimism Is Creating Momentum After a significant fall in line with general market trends, the price of optimism rises from the $3.00 support level. The Market Value to Realized Value (MVRV) ratio illustrates how this … Read more