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Wormhole secures $225 million, launches Wormhole Labs

30.11.2023
Wormhole has announced two developments. The first development is that the Foundation has secured $225 million in a funding round, taking its valuation to $2.5 billion. The second development is about the launch of Wormhole Labs as an independent technology company. The objective is to accelerate...

FlokiFi Locker achieved a TVL ATH of $107M

29.11.2023
Floki recently announced that its DeFi crypto locker protocol, FlokiFi Locker, has hit a TVL ATH of $107 million. The locker has over 2,000 wallets locked and is still counting. FlokiFi Locker, for the first time, has crossed the $100 million mark in TVL. The announcement was made on the official...

Will ADA reach $10? Experts foresee a bull run for Cardano

27.11.2023
Cardano’s native token, ADA, has been termed the best-performing token in 2024. ADA has soared by 70% since January 01, 2023. It is currently exchanging hands at $0.3833, and experts believe that the digital token, or the cryptocurrency, has the potential to keep up its momentum in the next...

dYdX to unlock tokens worth $500 million in December

27.11.2023
In the coming weeks, multiple crypto projects will unlock a substantial amount of tokens. According to Token Unlocks data, in December, the front runner will be the decentralized exchange, dYdX, which will be responsible for unlocking 150 million tokens, equivalent to 30% of its tokens distributed...

KyberSwap recovers $4.67M of stolen funds from frontrun bots

27.11.2023
Kyber Network has announced that it has reached a deal with the owners of frontrun bots. The KyberSwap team has finalized a bounty of 10% for them in exchange for 90% of the stolen funds. The hackers were able to extract approximately $5.7 million from the pools of Avalanche and Polygon. Now, funds...

Circle Signs MoU With SBI Holdings to Expand USDC Circulation in Japan

27.11.2023
Source: Pexels Circle, stablecoin issuer behind USD Coin (USDC), has joined forces with Tokyo-based financial services firm SBI Holdings to facilitate the strategic expansion of USDC into the Japanese market. This collaboration, solidified through a memorandum of understanding (MOU) signed...

Will Cardano (ADA) Hit $1 by 2023?

24.11.2023
The crypto market is witnessing notable developments, especially in the world of Bitcoin (BTC) exchange-traded funds (ETFs) that are reaching a crucial stage. With these developments, a popular cryptocurrency, Cardano (ADA), popular for its technical robustness and scientific approach, is gaining...

Dogecoin’s potential run to $0.1 amidst market challenges

24.11.2023
Dogecoin is seeing its native token, DOGE, dance around the trading value of $0.07754. That is an increase of 1.91% in the last 24 hours. Interestingly, this is a slip of 10.73% in the last 7 days. DOGE has not been at its best since denying the week’s high of approximately $0.086. However...

Covalent grants $2.5 million to boost Polygon ID ecosystem

24.11.2023
Covalent, a leader in making provision for data analytics targeting Web3, has formed an exclusive partnership with Polygon ID. The deal aims to strengthen the Polygon ID ecosystem, which involves players such as issuers, authenticators, wallet suppliers, and system integrators. Added to that...

KyberSwap loses $46 million to a hack attack

23.11.2023
KyberSwap has asked its customers to withdraw their funds as soon as possible. The post published on X, formerly Twitter, has clearly laid that out by calling it a precautionary measure. KyberSwap is conducting the investigation, and it could take a while to resolve it. As a matter of fact,...

Tokenized US Treasuries on Injective: Ondo Finance Introduces USD Yield

22.11.2023
Ondo Finance has made tokenized US Treasuries available to Injective users in the form of the USD Yield token (USDY). USDY is now accessible to eligible users. In the context of Web3 finance-based applications, Injective is a blockchain that operates at an exceptionally high rate of acceleration. ...

Taiwanese trading firm Kronos Research hacked; netted $25 million

20.11.2023
Kronos Research, a Taipei-based trading, market-making, and venture capital organization, has been exposed to cyber theft. The hackers apparently illegally obtained its API keys. However, they did come out with the statement that it was a small segment of their total equity. ZachXBT,...

Stablecoin Issuer Paxos Receives Preliminary Nod from Singapore Regulator

16.11.2023
Source: Paxos Blockchain infrastructure firm Paxos has obtained a preliminary license from the Monetary Authority of Singapore (MAS) for its new entity. With the in-principal approval, Paxos Digital Singapore, the new entity, will offer digital payment token services to Singaporeans. Further, Paxos...

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