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Decentralized finance (defi) platform Infinex has announced the completion of a $67.7 million NFT sale, backed by leading founders, foundations, funds, and communities across the blockchain ecosystem. The fundraise positions Infinex to usher in the “post-CEX (centralized exchange) era” of the crypto industry. Infinex aims to provide a secure, non-custodial alternative to traditional centralized exchanges, … Read more
Emory University has disclosed ownership of over $15 million in shares of the Grayscale Bitcoin Mini Trust, according to a recent filing with the U.S. Securities and Exchange Commission. This announcement marks Emory as the first American endowment to publicly report exposure to bitcoin. In addition to its bitcoin investment, Emory holds 4,312 shares of … Read more
Ethereum founder Vitalik Buterin has unveiled his ambitious roadmap titled “The Splurge,” which aims to enhance the Ethereum Virtual Machine (EVM) and bring it to a stable and performant “endgame state.” The initiative focuses on several key goals, including the integration of account abstraction to improve user experience, optimizing transaction fee economics, and exploring advanced … Read more
Chainlink has launched its Data Streams on BNB Chain’s Layer-2 solution, enhancing the capabilities of decentralized finance applications within the ecosystem. This integration provides developers with access to real-time, high-frequency market data, enabling them to build more efficient and responsive applications. Users can deposit funds from BNB Chain to opBNB, allowing them to interact with … Read more
1inch Network has announced a long-term partnership with the Bruce Lee Family Company, aimed at fostering the adoption of decentralized finance and Web3 under the slogan “Take crypto seriousLee.” This collaboration celebrates the legacy of Bruce Lee, whose iconic “one-inch punch” inspired the name of the 1inch platform. The partnership will kick off with a … Read more
Trader Willy Woo reflected on market trends and the behavior of altcoins in what he called this third alt-cycle. This cycle, Woo stated, is marked by the emergence of meme coins, “a piss-take on the crypto space.” Unlike the last cycle, which Woo linked to the appearance of decentralized finance (defi), he believes this time, … Read more
Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had been removed. According to Geckoterminal data, the value of the stablecoin, which normally trades at par with the U.S. dollar, dropped by nearly 98% to … Read more
On Friday, South Korea’s finance ministry announced plans to regulate cross-border transactions of virtual assets, including cryptocurrency, starting in the second half of 2025. The new regulations will mandate that businesses engaged in cross-border virtual asset trade register with authorities and submit monthly transaction reports to the Bank of Korea. The move follows significant concerns … Read more
This week, Bitdeer (Nasdaq: BTDR), a publicly listed firm in bitcoin mining and rig production, unveiled its latest product: the Sealminer A2. Bitdeer claims this machine clocks in at an impressive 226 terahash per second (TH/s) with a sleek energy efficiency of 16.5 joules per terahash (J/T). “Mass production introduction is in progress, coming soon … Read more
According to an exclusive report by the Wall Street Journal, the U.S. federal government is allegedly examining the cryptocurrency and stablecoin company Tether for potential breaches of sanctions and anti-money-laundering regulations, according to unnamed sources close to the investigation. This criminal probe, reported by the Journal’s Angus Berwick, Vivian Salama, and Ben Foldy is said … Read more