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Veda and EtherFi Partner to Simplify DeFi with Tokenized Vaults

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Veda, a new DeFi abstraction layer, has partnered with EtherFi, a prominent liquid restaking protocol. This collaboration, announced on May 30, integrates Veda’s technology into EtherFi Liquid, enhancing automated yield generation strategies. Veda’s infrastructure simplifies complex smart contract interactions, removing technical barriers typically associated with accessing intricate DeFi strategies. Mike Silagadze, EtherFi’s co-founder, praised Veda … Read more

Vitalik Buterin: Ethereum Could Have Benefited from Earlier PoS Switch

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During ETHBerlin, Vitalik Buterin, co-founder and lead architect of Ethereum, expressed regret for not implementing a simpler version of Proof of Stake (PoS) sooner. He also highlighted that despite Ethereum’s mainstream success, it is often misunderstood, contrasting it with Bitcoin’s clearer narrative as digital gold. At the recent ETHBerlin event, attended by 620 developers engaged … Read more

Blocksquare Surpasses $100 Million in Tokenized Real Estate Assets

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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

Ripple’s Fight with SEC Could Shape Future of Crypto Regulation

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Ripple Labs is pushing back against the SEC’s demands for hefty penalties in their legal dispute, arguing that both its current financial status and historical contracts should not play a role in determining penalties. In a letter to Judge Analisa Torres, Andrew J. Ceresney from Debevoise & Plimpton LLP, representing Ripple, contests the SEC’s insistence … Read more

Massive Ethereum Whale Alert: Singapore’s DBS Bank Holds $650M

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A crypto wallet allegedly owned by DBS Bank, a multinational banking and financial services corporation, contains more than 170,000 Ether, valued at close to $650 million. Blockchain analytics company Nansen highlighted an Ethereum “whale” on May 30, identifying the Singaporean banking giant as the entity behind it. According to Nansen’s findings, DBS Bank, one of … Read more

Meme Coin PEPE Topples Major NFT Projects in Market Value

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PEPE, an Ethereum-based meme cryptocurrency featuring the iconic green frog image, has surged in value to surpass the combined market capitalization of every other major NFT project across various blockchains. Currently valued at $6.2 billion, PEPE’s market capitalization has slightly dipped from its recent peak of $6.9 billion on May 27, as reported by CoinGecko. … Read more

Telegram Wallet Tightens KYC, Switches Provider

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Wallet, a third-party cryptocurrency wallet bot accessible on Telegram messenger, is undergoing significant alterations, including the implementation of more stringent Know Your Customer (KYC) protocols and transitioning to a new service provider. As of May 29, Telegram’s Wallet notified its users about several revisions to its KYC procedures, necessitating additional personal details for certain transactions. … Read more

Bybit’s Fee-Free Campaign Sparks 13% Daily Surge in EUR Trading

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Bybit, a leading crypto exchange ranked among the top three by trading volume, has observed a notable increase in EUR trading activity subsequent to the introduction of its EUR Zero Fees Fiesta initiative in April 2024.  This campaign underscores Bybit’s commitment to broadening its presence in the European market while providing European traders with a … Read more

Priced In or Just Getting Started? Experts Debate Ethereum ETF Impact

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The recent approvals of Ethereum ETFs have ignited discussions and speculations within the crypto market, captivating investors and analysts alike. Following the approval of the spot Ethereum ETF last week, Ethereum experienced a surge, reaching highs of $3,959 before retracing to its current trading price of $3,757. While the climb to $3,900 represents a notable … Read more

Most US Gamers Haven’t Played Blockchain Games: Survey Reveals Unfamiliarity

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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

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