Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
Arbitrum’s recent plan to distribute 225 million ARB tokens, valued at around $250 million, for its Gaming Catalyst Program (GCP), has sparked controversy within its community. Critics argue that the proposed budget is excessive. Ryan Graham, an analyst at Messari, initially supported the proposal but changed his stance due to discrepancies in the requested funds … Read more
Following a flawed airdrop that resulted in over $26 million in compensation to users, several executives at the crypto exchange Bybit have changed positions. Reports of these leadership changes emerged on May 31, with a Bybit spokesperson stating that the company regularly updates its business structure. The spokesperson emphasized the importance of placing the right … Read more
Vitalik Buterin, one of the creators of Ethereum, contributed 30 ETH, equivalent to roughly $113,000, towards aiding the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm. This donation was facilitated through the decentralized fundraising platform Juicebox. The transaction occurred on May 30, at 1:58 am EST, originating from Buterin’s address vitalik.eth. The … Read more
The Sei Foundation has issued an official statement confirming the update of the Sei Airdrop Checker, ensuring users will now receive precise results. Sei Airdrop Checker Revises User Requirements The updated blog post numbers show that there are now more qualified wallets despite the airdrop criteria staying the same. Addresses have to be linked and … Read more
Kuroro Beasts represents a groundbreaking shift in the gaming landscape, introducing a multidimensional realm where players embrace play-to-own principles and drive the economy. Set in the enchanting Kuroro Island, trainers worldwide embark on an immersive journey, collecting, crafting, and battling elemental Beasts. Unlike conventional games where assets are fleeting, Kuroro Beasts grants players true ownership … Read more
Notcoin (NOT), the play-to-earn token within the Open Network (TON) ecosystem, has gained considerable traction in the market, emerging as the top performer on Thursday. Experiencing a surge of more than 30% in the last 24 hours, Notcoin now ranks 82nd among the top 100 cryptocurrencies, with a market capitalization of $1.25 billion. Millions Drawn … Read more
On May 31, 2024, Animoca Brands Japan, a key subsidiary of Animoca Brands, unveiled the name of its NFT launchpad, SORAH by Animoca Brands Japan, slated for a summer 2024 release. SORAH will serve as a platform supporting NFT projects and creators by facilitating their NFT sales. It will offer selected projects sales opportunities and … Read more
Alex Labs, a developer in the Bitcoin layer-2 space, has outlined plans to regain community trust and restart its operations following a recent breach. The Alex Labs Foundation is currently engaged in two governance votes concerning the reopening of pools and the migration of its native token and automated market maker (AMM). During a recent … Read more
Blocksquare, a protocol for tokenizing real estate, has revealed the tokenization of properties worth $100 million across different sectors. This milestone is seen as a major step forward in the digital real estate market, made possible by the introduction of their latest decentralized finance (DeFi) platform, Oceanpoint v0.5. Blocksquare Tokenizes $100 Million in Various Properties, … Read more
A recent survey discovered that nearly 80% of gamers in the United States are unfamiliar with or have not played blockchain video games. The poll, conducted by Onepoll.com, found that a majority of U.S. gamers lack awareness of blockchain games, including their features and potential advantages. Specifically, 52% of participants had never encountered blockchain games, … Read more