12:55 Multichain Daily Bridging Volume Sees 5x Increase After Alleged Team Arrest, Barely Any Panic for Fantom
17:00 Today in Crypto: STEPN Reveals Apple Pay Integration, Huobi Ordered to Stop Operations in Malaysia, Hotbit Closes Shop, DCG Missed a $630M Payment, BXB Capital Raising Capital Exclusively in BTC
Vitalik Buterin warns against overloading Ethereum consensus Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things. News Join us on social networks Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum's consensus past its core functions of validating blocks and securing the network. Ethereum consensus is the process whereby […]
DeFi Heavyweight Lido Finance Mulls LDO Staking, Token Buyback Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) Liquid staking giant Lido Finance is finally looking to shake up its tokenomics. Specifically, as alluded to in a new proposal, members of the community are looking to add a staking feature to LDO. Remember: In order to stake directly to the mainnet, users need […]
Global Payments Giant Visa Experiments with Ethereum's Goerli Testnet – Here's the Latest Source: iStock/onebluelight Global payments giant Visa has used Ethereum's Goerli testnet to try out transaction-free payments with the help of account abstraction. On-chain data shows that Visa used a smart contract called Paymaster, allowing the company to take advantage of account abstraction to perform complex tasks on behalf of accounts and manage transaction costs. The main purpose […]
Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess'
Adidas Web3 Lead Thought She ‘Could Get Fired’ for Signing Bored Ape Deal Many brands rushed into the NFT space in 2021 as tokenized digital assets were yielding billions of dollars’ worth of monthly sales—but none did it quite like apparel giant Adidas, which partnered with Web3-native brands and personalities on a high-profile collaboration. In December of that year, Adidas launched its Into the Metaverse campaign alongside the […]
Meet Kim Asendorf: The Metallica Video Director Who Makes NFT Art Designed to Hypnotize Fresh off of co-directing Metallica’s “Chasing Light” music video, which featured his artwork, digital expressionist and internet art native Kim Asendorf has revealed his latest NFT drop. Curated by Peggy Schoenegge for the Feral File platform, Asendorf’s "Colors of Noise" is a series of 50 unique artworks minted on Ethereum, of which 47 pieces will […]
Price analysis 5/17: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC Bitcoin and most major altcoins are selling-off on rallies, proof that investor sentiment remains negative in the short-term. Price Analysis Join us on social networks The United States stock markets are trying to recover on reports that the debt ceiling talks are showing promise and a debt default may be avoided. However, the same enthusiasm […]
Crypto Lender Compound Deploys on Ethereum Layer-2 Arbitrum It’s getting cheaper to lend and borrow your idle cryptocurrencies. Compound Finance has announced that it’s deploying its latest iteration on the popular scaling solution Arbitrum. One of the original decentralized finance (DeFi) products, Compound lets users lend and borrow various cryptocurrencies. The platform was also one of the first to experiment with so-called yield […]
Bankrupt Celsius Network Channels $75 Million of Ether to Figment Staking Service – What's Going On? Source: AdobeStock / Timon The bankrupt crypto lender Celsius Network has staked close to $75 million worth of ETH via the staking service Figment, on-chain data has revealed. The massive transfer from Celsius to Figment was made via fourteen separate transactions made between May 10 and 12, and totaled some 40,928 ETH or about $74.5 […]
Why Relics and Steve Aoki Are Building NFT Jukeboxes for the Metaverse Can’t go anywhere in the real world without bringing along your favorite tunes? You’re not alone—and NFT startup Relicsxyz (a.k.a. Relics) is betting that there are enough people who will want to do the same in the metaverse. Relics has teamed up with DJ and Web3 champion Steve Aoki to launch the Idol III, a […]
Demand for ETH Staking Soars Despite Nearly Month-Long Waiting Period Ethereum. Source: Adobe Since the implementation of the Shanghai upgrade to the Ethereum mainnet just over one month ago, which allowed Ethereum validators to withdraw all or some of their staked Ether (ETH) tokens from the staking smart contract for the first time, demand for ETH staking has soared. According to wenmerge.com, the waiting period […]
Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and […]
Asymmetry Finance Joins Liquid Ethereum Staking Market With Latest $3M Raise Decentralized finance (DeFi) and liquid staking protocol Asymmetry Finance today announced that it has raised $3 million in a seed funding round led by venture capital fund Ecco Capital. This brings Asymmetry Finance to a total valuation of $20 million. The funding round also included Republic Capital, GMJP, and fellow staking provider Ankr. Asymmetry says […]
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Retail Sales Data Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two months of declines, sales in the United States are expected to rebound, as inflation cools off. Ethereum remains above the $1,800 level. Bitcoin Bitcoin (BTC) consolidated in today’s session, as markets were preparing for […]
Optimism's major mainnet upgrade to Bedrock set for June 6 The much needed upgrade will provide a number of improvements across the network, and come at a time when competition in the Layer 2 space has been heating up. News Join us on social networks Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is […]
Ethereum Network Recovers after Two Consecutive Performance Issues Reported in 24 Hours Image Source: Pixabay The Ethereum network has recovered after suffering from two performance issues in the past 24 hours that resulted in blocks not being finalized. In a Friday tweet, pseudonymous Ethereum developer Terence.eth revealed that the network has resumed finalizing blocks, adding that clients, the software that runs Ethereum nodes, are releasing updates to […]
Musician RAC's NFT Fan Pass Is 'About Belonging to Something' Grammy-winning electronic musician RAC recently teamed up with HIFI Labs to launch the CULT Pass, a dynamic, blockchain-enabled membership pass for his Web3 supporters. Rather than a static digital image, the NFT orb morphs depending on the contents of an owner’s wallet, using special generative seeds based on the artistic vibe of digital artist Andres […]
Today in Crypto: Silvergate to Delist from NYSE & Fire 230 Staff, US Trains Ukraine to Target Russian Oligarchs’ Crypto, LG NFT TV Source: AdobeStock / Iurii Gagarin Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Banking news The parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange (NYSE), and 230 of its staff will be let […]
Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the Cause
Your Crypto Mining Chips Are No Good for AI—Here’s Why The lucrative world of proof-of-work altcoin mining was a spectacle to behold, rewarding miners with staggering profits... until Ethereum took a detour towards proof of stake. But an emerging industry is grabbing the attention of those who found themselves with hundreds of idle graphics cards after the merge: AI. This newfound tech darling, spurred by […]
‘We Screwed Up’: Coinbase Apologizes for Pepe Comments as #DeleteCoinbase Trends Coinbase’s top lawyer issued an apology Thursday to the PepeCoin (PEPE) community, capping off a frenzied 24-hour period during which the memecoin’s diehard fan base instigated a vocal campaign against the major crypto exchange. Fans and holders of PEPE were upset at Coinbase for describing the original Pepe the Frog meme—on which the popular coin […]
Ethereum Price Analysis & Prediction (May 10th) – This Level Remains Critical Support For ETH Bears to Crack Ethereum (ETH) made a fakeout last week and immediately washed gains with a bearish engulfing candle. This led to a roller coaster for weeks as the bears seemed ready to mount pressure again. Currently down by 2% weekly. The first quarter of the year saw Ethereum’s price rally from the low of $1,180 to the […]
