Latest news from the Web3 ecosystem
Pantera Capital has spearheaded an $11.5 million funding round for Based, a crypto application operating on the Hyperliquid network. The investment aims to fuel market expansion and enhance the platform's on-chain financial infrastructure.
Standard Chartered analysts suggest that the burgeoning stablecoin market, potentially reaching $2 trillion, could significantly influence U.S. Treasury bill issuance, even impacting long-term bond auctions.
MicroStrategy has announced its 100th Bitcoin purchase, acquiring 592 BTC for $39.8 million last week. The company now holds over 717,000 Bitcoin, underscoring its sustained commitment to the digital asset.
Coinbase's layer-2 network, Base, has achieved a leading position in the Ethereum scaling hierarchy, driven by the explosive growth of SocialFi, memecoins, and AI-powered applications. This surge preceded a strategic pivot towards fortifying its foundational infrastructure.
Bitmain's shareholders are experiencing substantial unrealized losses nearing $8.8 billion. This, coupled with a significant 60% drop in Ether's value, is creating a pivotal moment for the cryptocurrency's market trajectory.
Bitcoin holders are bracing for potential price drops as renewed concerns over tariffs cast a shadow over the cryptocurrency market.
Digital asset investment products experienced outflows for the fifth consecutive week, totaling $288 million. This extended outflow trend is the longest recorded since the introduction of spot Bitcoin ETFs earlier this year.
Bitcoin experienced a sharp overnight decline, briefly touching $64,270 before staging a recovery to $66,300. The volatility was attributed to market conditions and international events.
Publicly traded companies holding Bitcoin on their balance sheets are selling, coinciding with outflows from Bitcoin ETFs. This trend occurs as BTC hovers near the $66,000 mark.
Pre-market trading shows stability as Bitcoin surpasses the $66,000 mark. MicroStrategy's Michael Saylor indicates continued accumulation.
The Bank of Korea is revitalizing its proposal for a bank-led won stablecoin framework, emphasizing a consortium model and an interagency approval body. This comes as legislative progress on related digital currency regulations remains slow.
Ethereum co-founder Vitalik Buterin has been selling Ether as part of a previously announced strategy to allocate funds towards ecosystem development and various initiatives.