Open Campus, a frontrunner in educational innovation, has announced the launch of EDU Chain, a next-generation Layer-3 Rollup blockchain specifically designed for the education sector. This groundbreaking initiative aims to revolutionize learning by introducing a novel “Learn, Own, and Earn” model empowered by blockchain technology. EDU Chain promises to be more than just a technical … Read more
The New York Stock Exchange (NYSE) is making a significant move into the cryptocurrency space by collaborating with CoinDesk Indices. This partnership will see the launch of cash-settled index options based on the CoinDesk Bitcoin Price Index (XBX), the longest-running benchmark for spot Bitcoin prices. Investor Demand Meets Established Expertise This announcement comes amidst growing … Read more
A notable development is unfolding in the cryptocurrency realm as the Volatility Shares 2x Ether ETF (ETHU) is set to commence trading on June 4. This milestone marks the debut of the first leveraged ether (ETH) ETF in the United States, following the green light given to a leveraged bitcoin ETF roughly a year earlier. … Read more
MoonPay has intensified its efforts in catering to brands seeking enhanced digital experiences, as announced on May 28. The company is rolling out a dedicated platform aimed at providing Web3 tools for digital engagement. This new platform integrates MoonPay’s existing services with novel tools, encompassing crypto payments, authentication, identity verification, ticketing, tokenization, and NFT minting. … Read more
The Anime Foundation is set to debut with key partners such as Animoca Brands, Animoca Brands Japan, MyAnimeList, and San FranTokyo, as revealed in a press release. Creating a Web3 Manga and Anime Community According to the press release, Anime Foundation connects web2 and web3 platforms with a community-driven cultural protocol for manga and anime. … Read more
Arthur Cheong, the founder and CEO of DeFiance Capital, predicts that Ether’s price could surge to $4,500 before the first spot Ether exchange-traded funds (ETFs) receive official approval. On May 26, Cheong shared this forecast with his 167,000 followers on X, stating: “4.5k before spot ETF goes live for trading [in my opinion].” At the … Read more
JPMorgan predicts that newly approved spot Ethereum exchange-traded funds (ETFs) will likely start trading before the November US presidential elections, highlighting the growing political significance of cryptocurrencies. This outlook follows the unexpected approval of eight spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) on May 23, marking a significant shift from the … Read more
Fantom Foundation, the organization responsible for the development of the layer-1 (L1) blockchain Fantom, introduced the debut of Sonic Foundation and Sonic Labs on Wednesday. $10 Million Fund Secured for Sonic Chain by Fantom The Fantom Foundation clarified that the network’s governance and finance management will be handled by the Sonic Foundation. Sonic Labs will … Read more
Calling all crypto enthusiasts! The wait for Ethereum ETFs just got a little shorter, but the party hasn’t quite started yet. In a move that sent ripples through the cryptocurrency world, the US Securities and Exchange Commission (SEC) finally approved applications for spot Ethereum ETFs on May 24, 2024. What’s a Spot Ethereum ETF? Think of a gold ETF. It … Read more
Hex Trust Group, a prominent crypto custodian headquartered in Hong Kong, has introduced USDX, marking the inaugural native stablecoin on the layer-1 blockchain Flare. First Native Stablecoin Released by Hex Trust on Layer-1 Blockchain Flare This stablecoin can be staked on the Flare blockchain and is backed 1:1 by US dollars or comparable assets. The … Read more