Crypto Market Cools; Base, ether.fi Drive Layer-2 Shifts
Cryptocurrency markets experienced a downturn, while developments at Base and ether.fi are reshaping the layer-2 scaling solution landscape.
1 min read
News
Latest news from the Web3 ecosystem
Polymarket Lawsuit Could Shape US Prediction Market Regulation
Decentralized prediction market platform Polymarket has filed a lawsuit challenging state authority, potentially determining whether the CFTC or individual states will regulate the burgeoning prediction market sector.
2 min read
Hacker Returns Stolen $21M Bitcoin to South Korean Authorities
A significant digital asset theft has concluded with an unexpected return of funds. Approximately $21 million worth of Bitcoin, previously stolen from South Korean authorities, has been recovered.
1 min read
Robinhood's L2 Testnet Surpasses 4 Million Transactions in Debut Week
Robinhood's Layer 2 testnet achieved significant traction, processing over 4 million transactions within its initial seven days. The company anticipates a mainnet launch later this year.
1 min read
Stablecoin Users Open to Banking Integration, Survey Finds
A recent survey indicates a strong willingness among stablecoin users to embrace banking services linked to their digital assets, including wallet creation and debit card usage.
2 min read
Bitcoin and Ether Inch Up Amid Cautious Altcoin Market
Bitcoin and Ether are experiencing modest gains, though the broader altcoin market's underperformance and significant liquidation events indicate prevailing trader caution.
1 min read
Major Holders Increase Bitmine Investment Amid Market Downturn
Despite a general market sell-off, key institutional investors, including Morgan Stanley, have demonstrably increased their holdings in Bitmine, signaling sustained confidence in the company's position within the Ether ecosystem.
1 min read
Ledn Securitizes $188M in Bitcoin-Backed Loans
Bitcoin lender Ledn has successfully securitized $188 million in Bitcoin-backed consumer loans, offering investors a novel avenue to engage with crypto-linked risk.
1 min read
Bitcoin ETFs Experience $238 Million Outflow Amidst 'Extreme Fear'
US-listed spot Bitcoin ETFs have seen significant outflows totaling $238 million this week, marking the first five-week streak of net outflows since March.
2 min read
Bitcoin, Ether ETFs See Outflows; Solana Products Attract Investment
Major U.S. spot crypto ETFs, including those for Bitcoin and Ether, experienced significant outflows, while Solana-based ETFs reported net inflows, indicating a shift in institutional interest within the digital asset market.
2 min read
Ledn Secures $188 Million Through Bitcoin-Backed Bond Issuance
Crypto lending platform Ledn has successfully closed its first asset-backed securities transaction, raising $188 million through a novel Bitcoin-backed bond sale.
1 min read
Major Cryptocurrencies Face Pressure Amidst Market Uncertainty
Despite a positive trend in Asian stock markets, leading cryptocurrencies like Ether, XRP, and Solana have experienced declines, indicating persistent challenges in the digital asset space.
2 min read