Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
Worldcoin (WLD), the ambitious digital identity project that leverages iris scanning technology, has officially rebranded itself as “World.” This change reflects a broader trend within the cryptocurrency ecosystem, where numerous projects have recently undergone similar transformations for various reasons. Key Developments Unveiled At a recent event in San Francisco, World’s co-founders, Alex Blania and Sam … Read more
The world of gaming is undergoing a revolution with the rise of Play-to-Earn (P2E) games. These games allow players to not just have fun, but also earn rewards that can have real-world value. However, the early days of P2E were plagued by unsustainable models focused solely on profit, leading to player boredom and market crashes. … Read more
Radiant Capital, a Binance-backed blockchain protocol specializing in cross-chain lending, has fallen victim to a major cyberattack, with hackers stealing more than $50 million in various cryptocurrencies. The breach occurred on Wednesday, as reported by the Web3 security firm De.Fi Antivirus. How the Hack Happened The attackers gained control of three out of the eleven … Read more
As of June 2024, the number of staking wallets has surpassed one million for the first time, reflecting a remarkable increase of over 30% from the 824,300 reported in September 2023, according to Flipside Crypto. This significant growth underscores the evolving landscape of decentralized finance (DeFi) and the increasing interest in staking as a viable … Read more
The much-anticipated $X token airdrop and listing are officially confirmed for October 24, 2024. Even more exciting, the token is now available for X Empire Pre Market trading on Bitget, offering early access to investors. X Empire on Bitget: A Promising Investment X Empire is gaining significant traction with the upcoming $X token listing and … Read more
SingularityDAO has unveiled a strategic token merger with Cogito Finance and SelfKey, leading to the creation of Singularity Finance (SFI). This initiative aims to establish an Ethereum Virtual Machine (EVM) Layer-2 protocol designed to tokenize the real-world assets (RWAs) of the AI economy and enhance DeFi infrastructure. A Prominent Move in the AI and DeFi … Read more
Kraken, a leading cryptocurrency exchange, has introduced a new feature enabling non-U.S. customers to restake their staked Ethereum (ETH) on the EigenLayer protocol. This innovative move aims to enhance earning potential for users while simplifying the restaking process. How Does EigenLayer Restaking Work? Through Kraken’s subsidiary, Staked, which operates as a validator, users can now … Read more
Crypto index fund manager Bitwise has announced a significant milestone, surpassing $5 billion in assets under management (AUM) across its suite of investment products. This remarkable achievement, reflecting a 400% increase this year, comes as a result of contributions from both existing and new investors. Exponential Growth in 2024 The year 2024 has proven to … Read more
For the first time since July, Book of Meme (BOME) has reached a price of $0.011, following an impressive 62% increase in the past week. This rally has sparked excitement among investors, with key indicators suggesting that a larger breakout may be on the horizon. Record-Breaking Speculative Activity BOME’s recent price surge is accompanied by … Read more
The Sui Foundation has officially rebutted allegations circulating on social media regarding $400 million in insider selling during the recent price surge of the SUI token. In a statement released on Monday, the foundation clarified that neither its employees nor contributors from Mysten Labs, the organization behind Sui, participated in such sales. Addressing the Allegations … Read more