News

Chainalysis, a prominent player in blockchain data analysis, has relocated its regional headquarters to Dubai, deepening its collaboration with local government bodies. The move, announced on May 8, positions Dubai as the central hub for Chainalysis operations across Southern Europe, the Middle East, Central Asia, and Africa. This decision comes following strategic partnerships and initiatives … Read more

EigenLayer, an Ethereum restaking protocol, has commenced its token-claim process, often termed as an “airdrop,” for Season 1, Phase 1 rewards. As outlined in a recent blog post by the protocol’s development team, eligible users can now obtain the new EIGEN token through the claims process after a period of anticipation. It’s crucial to understand … Read more

In a rare disclosure from within the confines of the Metropolitan Detention Center (MDC), Sam Bankman-Fried (SBF) provided insight into the harsh realities of prison existence. The former CEO of crypto behemoth FTX, known for his high-profile stature, openly discussed his daily challenges and mental fortitude during a recent interview conducted by journalist William D. … Read more

Marathon Digital, a Bitcoin mining firm, encountered operational hurdles but managed to achieve record financial results in the first quarter of 2024, according to its quarterly earnings report. During this period, Marathon produced 2,811 Bitcoins, marking a decrease of 33.73% compared to the last quarter of 2023.  Despite this decline in production, the company reported … Read more

After Apple briefly mentioned Octane, a 3D design software powered by the Render Network, during its keynote presentation showcasing its latest iPad with the M4 chip, Render Token (RNDR) experienced an 11% surge. The quick reference to the software by Apple’s vice president of platform architecture, Tim Millet, in a 4-minute keynote grabbed the attention … Read more

Elon Musk’s AI startup, X.AI Corp., is poised to close a funding round with an anticipated valuation of approximately $18 billion, potentially by the end of this week, according to a recent report by Bloomberg citing sources familiar with the matter. Although the final amount to be raised in this funding round has not been … Read more

Optimism, a provider of Ethereum scaling solutions, is expanding its blockchain capabilities by introducing layer-3 applications on top of the OP Stack. Announced on May 8, Optimism is inviting layer-3s to join the Superchain, enabling them to develop on the OP Stack and share revenue with the Optimism Collective. The OP Stack, the foundational codebase … Read more

Coincheck, a Japan-based cryptocurrency exchange, is joining forces with Thunder Bridge Capital Partners IV, Inc. (THCP), a Special Purpose Acquisition Company (SPAC) listed on Nasdaq.  The proposed merger aims to have Coincheck listed as a publicly traded entity on the Nasdaq Global Select Market using the “CNCK” ticker symbol. THCP recently confirmed that it submitted … Read more

Around $20 million worth of bridged Ether has been unexpectedly returned to the ZKasino wallet, nearly three weeks after users accused the platform’s founders of an exit scam.  This development, reported on May 9 through an X feed dedicated to recovering funds from the scam, shows that a significant portion of the missing funds, approximately … Read more

The team behind peer-to-peer trading platforms LocalMonero and AgoraDesk recently announced the closure of both platforms. Citing a combination of internal and external factors, they declared that trading of the privacy-focused Monero token would cease on May 14. New signups and Monero advertisements have also been disabled. AgoraDesk communicated the decision via X on May … Read more