WOO Network Integrates LayerZero’s OFT Standard Across Merlin Layer2 and Ethereum
In a groundbreaking development for the blockchain industry, WOO Network has adopted the LayerZero Omnichain Fungible Token (OFT) standard, integrating it within the Merlin Layer2 and Ethereum blockchains. This strategic move positions WOO Network at the…
CoreDAO Sets Record with $140 Million in BTC Staked
CoreDAO has achieved a remarkable milestone in the cryptocurrency domain by breaking the record for the amount of Bitcoin (BTC) staked. The platform has seen nearly 2,000 BTC staked, which is valued at approximately $140 million. This significant…
White House Rejects FIT 21’s Current Form, Seeks Collaborative Regulation
In a recent turn of events, the White House has officially expressed its opposition to the passage of the Financial Innovation and Technology for the 21st Century Act (FIT 21) in its current form. Despite this, the administration has conveyed a clear…
Ethereum Future ETFs Soar to New Heights Amid Optimism
Ethereum, the second-largest cryptocurrency by market capitalization, has been making waves in the financial world. Recently, Ethereum future exchange-traded funds (ETFs) achieved a remarkable milestone, raking in a staggering $47.75 million in…
WisdomTree’s Bitcoin and Ethereum ETPs Get LSE Approval
WisdomTree, a leader in exchange-traded products (ETPs), has gained approval from the Financial Conduct Authority (FCA) to list its WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETPs on the London Stock Exchange (LSE). The…
Uniswap Responds to SEC Wells Notice: A Battle for DeFi
Uniswap Labs, the team behind the popular decentralized exchange protocol Uniswap, recently found themselves in the crosshairs of the U.S. Securities and Exchange Commission (SEC). The SEC issued a Wells notice, indicating their intent to recommend legal…
Tim Draper Backs Bitcoin Lending Protocol Zest in $3.5 Million Seed Funding
Draper Associates, the venture capital firm established by renowned investor Tim Draper, has led a $3.5 million seed funding round for Zest Protocol. This innovative protocol operates on the Stacks blockchain, which is designed to bring smart contracts…
Bitcoin ETFs Experience Record Inflows: A New Era of Investment
In a remarkable turn of events, Bitcoin ETFs have witnessed their largest inflow since May 3, with a staggering $303 million entering the market. This surge of capital marks a significant milestone in the cryptocurrency investment landscape, signaling a…
Top 5 DePIN Projects for Earning Passive Income Through Bandwidth Sharing
In the digital age, passive income streams have become increasingly sought after, and Decentralized Physical Infrastructure Networks (DePIN) are at the forefront of this trend. These projects leverage blockchain technology to monetize various forms of…
Hacker gives back phishing victim’s crypto valued at $71 million
This was nearly the case for a crypto whale who, on May 3, 2024, fell victim to a sophisticated phishing attack, resulting in the loss of 1,155 Wrapped Bitcoin (WBTC), valued at a staggering $71 million. The incident serves as a stark reminder of the…