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Crypto Re-Staking Platform Attracts $18.8 Billion


The rising trend of “re-staking” has driven significant cryptocurrency investments into platforms that reward users for locking up their tokens. Leading this movement is Seattle-based startup Eigenlayer, which secured $100 million in funding from Andreessen Horowitz’s crypto...

7 Things We Just Learned About Sony’s Big PlayStation 5 Plans


Sony recently held a business briefing for investors where it painted an incredibly rosy picture around the PlayStation 5 and its future outlook. Despite recent layoffs and failing to reach its sales goals for 2023, the company seems confident that the console’s best days are still ahead. Read more

Hidden roadblocks to the link to cryptocurrency platform Bybit


Presumptions are being made that Hidden Road has blocked all connectivity with Bybit due to factors related to KYC and money laundering issues. As per speculations, there are seemingly certain contradictory aspects to both matters.  Incidentally, Hidden Road is a brokerage firm with the support...

Vanguard discourages the sale of Spot ETH ETFs on its platform


Vanguard’s apprehensive viewpoint on spot Bitcoin ETFs is exposed to all, with the company refusing to accept even spot ether NTFs on its platform.  The entire picture becomes clearer when the Securities and Exchange Commission grants its consent to the 19b-4 suggestion for exchanges seeking...

Galxe announces launching Gravity, a layer-1 smart contract platform


Galxe has announced plans to launch Gravity in order to meet the increased requirements of the ecosystem. Galxe is essentially a layer-1 smart contract platform that will be rolled out in a phased manner. The first iteration is slated to go live in the next month, that is, June 2024. It will...

HTX Exchange Surpasses Coinbase In Spot Trading Volumes


On May 27, HTX passed US-based Coinbase in daily spot trading volumes for the first time, marking a significant milestone. This development underscores HTX's increasing market presence and impact, signalling a significant shift in the global crypto trading platform hierarchy. The post HTX Exchange...

Friend.tech Co-Founder Posts Bounty to Migrate Platform off Base


Racer, a co-founder of Friend.tech – a socialfi network – has posted a bounty of $200K for anyone bringing an implementation allowing the migration of its platform off Base, the Coinbase incubated rollup Layer 2. Racer declared: “System design bounty: If you can figure out a...

Coinbase Re-Introduces XRP Trading for New York Customers


Coinbase is reintroducing support for XRP in New York, allowing residents to buy and sell the cryptocurrency on its platform once again. The post Coinbase Re-Introduces XRP Trading for New York Customers appeared first on Cryptonews

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