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Metaplex Announces Introduction of Hybrid Defi Protocol for Solana


Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a fixed number of tokens assigned by the designers...

Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui


Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging markets, and sharing the revenue obtained with partners...

Crypto losses: $200 million in 2024 due to hacks, rug pulls


Recently, in the year 2024, the cryptocurrency industry has experienced a rapid increase in financial damages due to the frequent occurrence of cyberattacks such as hacks and rug pulls. Immunefi, a blockchain security firm, disclosed that 32 confirmed attacks resulted in losses exceeding $200...

Bitdeer Announces $100 Million Investment From Tether


On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future. Bitdeer and Tether Forge...

SEC’s Hester Peirce urges US-UK Digital Securities Sandbox Cooperation


Hester Peirce, the US Securities and Exchange Commissioner, is advocating for the establishment of a collaborative digital securities sandbox between the United States and the Bank of England. This will enable companies to experiment with inventive finance equipment within a controlled space. ...

Amicable legal settlement between Terraform Labs and Do Kwon in SEC case


Terraform Labs, a Singapore-based startup focusing on blockchain protocol and payment systems, has finally settled with the American Securities and Exchange Commission; the SEC filed a case against Terraform Labs for misleading the cryptocurrency investment fraternity. The information about...

PEPE outperforms meme coins in the last month and soars to more than 90%


PEPE has emerged as the top performer meme coin in the last 30 days. FLOKI follows it in terms of fetching heavy monthly returns to holders. For reference, the frog-themed meme coin has generated over 90% returns in the last 30 days. It is now expected to test a higher resistance in the coming days...

Arweave, ORDI, Monero surge pre-US inflation data release


Cryptocurrency markets are experiencing a notable uptick, with Arweave, ORDI, and Monero among the digital assets seeing significant price increases. This surge comes as investors brace for the upcoming release of the US Personal Consumption Expenditures (PCE) inflation data, a key economic...

Crypto market braces for options expiry & inflation data impact


Two events are about to happen on May 31, 2024. First, the monthly options for Bitcoin and Ethereum are about to expire. Second, the Federal Reserve is expected to post inflation data. Both could potentially impact the sentiments in the crypto market. Inflation data could be lower than expected...

Franklin Templeton CEO Jenny Johnson on Blockchain, ETFs & RWA


Jenny Johnson, the President and Chief Executive Officer of Franklin Templeton, recently attended Consensus 2024. She participated in the panel discussion, where she discussed RWA Tokenization, the potential of blockchain in boosting TraFi, and Bitcoin ETFs. For reference, Franklin Templeton...

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