The X account of Animoca Brands co-founder Yat Siu, one of CoinDesk’s Most Influential 2024, was compromised and used to promote a fictitious token, the company said in a post on the social media platform. Animoca, a metaverse and gaming…
Concerns over Hyperliquid’s centralization surfaced on Tuesday, as validators highlighted issues such as limited transparency, restricted participation, and API access limitations. X user @KamBenbrik criticized the validator structure in an X post, describing it as “restrictive and overly centralized, creating…
Trrue, a layer-1 blockchain focused on environmental, social and governance (ESG) compliance and real-world asset tokenization received a $10 million investment commitment from GEM Digital, the company said in a press release on Tuesday. The money will be used to…
The Cardano (ADA) price has slumped back below $1.0 as cryptocurrency markets take a beating amid concerns about an ominous rise in long-term US government bond yields. US economic data on Thursday sparked concerns that a US labor market rebound…
Solana-based gaming-focused layer-2 blockchain Sonic will airdrop its SONIC token to all its users onboarded through social-media platform TikTok. Sonic built its SonicX game natively inside TikTok, attempting to replicate the success of mini apps that were built on theTON…
Bitcoin’s price improved last week but remained within the range established in previous trading sessions. BTC logged a weekly low of 91,271.19 and a high of $98,972.29. Bitcoin closed last week at $98,198.52. Open interest in the CME improved over…
Avalon Labs, the issuer of the BTC-backed stablecoin USDa, has raised $10 million to grow its Bitcoin decentralized finance (DeFi) ecosystem. The Series A funding round was led by Framework Ventures and included contributions from UXTO Management, Presto Labs and…
Banking giant Deutsche Bank is building out a layer-2 rollup network on Ethereum with ZKsync technology developed by Matter Labs. Bloomberg reported the project Wednesday, and a representative for Matter Labs confirmed the story. The chain will be “a public…
A new study from the University of Pennsylvania reveals that 41% of Republicans own cryptocurrency, compared to 32% of Democrats. This trend highlights a growing connection between conservative values and the appeal of digital currencies like Bitcoin, USA Today reported,…
Kraken, the seventh-largest crypto exchange, said its layer-2 rollup network, built on top of the Ethereum blockchain, has gone live. The network, called Ink, is based on the OP stack, a customizable framework that lets developers build their own rollups…