Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
Ethena has become a standout player in the DeFi space, with its Total Value Locked (TVL) soaring to a remarkable $11.89 billion. This achievement places it sixth overall among all DeFi protocols and second only to Aave among non-staking models. According to Strategy Analyst Tom Wan, this significant milestone highlights the potential for non-staking protocols … Read more
SharpLink Gaming, a company that has shifted from sports betting to an Ether treasury model, has entered into a new share purchase agreement worth $400 million with five institutional investors. This deal is intended to boost its Ether holdings, which the company says are expected to exceed $3 billion. The company’s stock (SBET) closed Monday … Read more
South Korean investors are shifting their focus from U.S. big tech stocks to cryptocurrency-related assets. According to the Korean Center for International Finance (KCMI), virtual asset stocks now account for 36.5% of net purchases, up from 8.5%. This shift is partly influenced by the U.S. GENIUS Act, which provides regulatory clarity for stablecoins. Concurrently, KCMI … Read more
Bitcoin mining company MARA Holdings Inc. is making a strategic pivot into artificial intelligence (AI) by acquiring a majority stake in EDF’s Exaion, a French high-performance computing and AI infrastructure firm. The deal, valued at $168 million, will give MARA a 64% controlling interest in Exaion. The acquisition will be a multi-step process, with MARA’s … Read more
The Stellar network is poised for a potentially significant year in 2024, thanks to new collaborations with major payment companies. According to a community post, Stellar has reportedly partnered with Visa, Mastercard, PayPal, and Stripe’s stablecoin division. While the specifics of these deals are still unknown, the implication is that if these partnerships are fully … Read more
The LayerZero Foundation has announced a proposal to acquire the Stargate cross-chain bridge and its native STG token in a deal valued at $110 million. If approved, the acquisition would see Stargate fully integrated into the LayerZero ecosystem, and its decentralized autonomous organization (DAO) dissolved. The Core Details of the Proposal Under the terms of … Read more
The price of Sui (SUI) has risen 4% in the last 24 hours to $3.82 after Swiss digital asset bank Sygnum announced new custody, trading, and lending services for the token. This move allows regulated investors in Switzerland to hold, trade, and borrow against their SUI, providing a new, secure pathway for institutional clients to … Read more
The PENDLE token is experiencing a significant rally, reaching its highest price in seven months, driven by the launch of the staking token KHYPE on the Pendle yield tokenization protocol. In the last 24 hours alone, PENDLE has risen by 19%, contributing to a 35% weekly gain. The token’s strong performance has been linked to … Read more
CleanSpark announced its best-ever financial results for the fiscal third quarter, with revenue nearly doubling year-over-year to a record $198.6 million. The company saw a significant turnaround in its net income, which reached $257.4 million, and its adjusted EBITDA soared to $377.7 million. This impressive performance was partly due to a change in accounting practices, … Read more
After a significant downturn, the Pi Network (PI) token is seeing a modest recovery, with its price up over 5% to $0.3662. This follows a steep decline of nearly 88% from its all-time high of $2.98 in February 2025. The token recently hit a record low, and the community is now focused on whether it … Read more