Author: News Room
MakerDAO, the governing body of the popular DAI stablecoin, is contemplating a substantial allocation of 600 million DAI to the fast-growing USDe synthetic dollar stablecoin via Morpho Labs. This strategic move comes as Ethena Protocol, the platform behind USDe, prepares to launch its native ENA token airdrop. This decision reflects the organization’s confidence in USDe’s potential. Additionally, if the proposal comes to fruition, it might be a positive catalyst for Ethena, particularly its TVL growth. USDe Pools Give More Benefits to Users A comprehensive analysis by BA Labs, a member of MakerDAO’s advisory council, reveals strong user demand for USDe-backed…
Ant Group’s Web3 security solutions provider ZAN has become a validator on Core Chain – EVM-compatible blockchain secured on Bitcoin. The strategic partnership with validators reinforces blockchains’ security and decentralization, Core Foundation told Cryptonews via mail. Core Foundation that aims to create a secure and decentralized ecosystem for dApps, has become one of the first projects to leverage ZAN’s enterprise node service. Alibaba’s Ant Group revealed its blockchain development brand ZAN in September last year, with a focus on serving institutional and individual clients in overseas markets, particularly Hong Kong and Singapore. According to Core Initial contributor Brendon Sedo, the…
Decentralized cryptocurrency exchange Uniswap (UNI) shared in its statement today that it will make a big announcement tomorrow. In the official statement, an expression was used as “There will be a Blast (explosion) tomorrow”, and this was interpreted as the announcement meaning that Blast, one of the relatively new layer-2 platforms on Uniswap, will be integrated. Although the content of the announcement was most likely about Blast, the fact that the announcement was made on April 1 caused its seriousness to be questioned. However, Uniswap asked users to turn on their notifications for tomorrow’s announcement. When asked if this was…
Binance, the world’s largest cryptocurrency exchange, started the day with an altcoin announcement and announced that many new altcoin trading pairs were listed. Accordingly, Binance announced that it has listed BCH/USDC, LQTY/FDUSD, LTC/USDC, MASK/TRY, PENDLE/USDC and RDNT/TRY trading pairs. “To expand the list of trading options offered on Spot and improve users’ trading experience, Binance will open trading on the following altcoin trading pairs as of 03.04.2024 08:00 (UTC). Spot trading pairs listed are: BCH/USDC, PENDLE/USDC, LTC/USDC, MASK/TRY, RDNT/TRY and LQTY/FDUSD.” Binance also stated that the listed altcoin trading pairs will not be available in some countries, saying, “Currently, users…
Data shows that whales have sent a massive amount of Solana (SOL) to the Coinbase exchange as the asset falls below the $200 mark. According to data from Whale Alert, four whale addresses sent a total of 806,711 SOL tokens — worth $158.86 million at the time of writing — to Coinbase at around 09:00 UTC on April 1. The large whale movements come as the Solana price falls below the $200 mark in the middle of bearish market sentiment. You might also like: Dogecoin up by 20% this week ahead of ‘Doge Day’ SOL is up by 0.14% in…
The Chief Legal Officer (CLO) of Ripple, Stuart Alderoty has again provided insights into the court decision in the SEC v. Coinbase legal tussle. On March 27, U.S. District Judge Katherine Polk Failla ruled in favor of the SEC, allowing the Coinbase lawsuit to proceed to the discovery phase. Alderoty has been commenting on the decision since it went public. Over the weekend, he suggested that the SEC presented a facade that would require the regulatory agency to provide strong evidence to support its allegations when the trial commences. Alderoty Faults Court’s Definition of Crypto Ecosystem In a post yesterday,…
In the aftermath of the FTX scandal, a narrative unfolds around three individuals closely linked to Sam Bankman-Fried. As Bloomberg reported recently, Caroline Ellison, Nishad Singh, and Gary Wang, once integral to the cryptocurrency exchange, played pivotal roles in the events leading to Bankman-Fried’s recent 25-year sentence for a multibillion-dollar fraud. As per Bloomberg, the […] Read the full article here
Binance Labs is known for investing in blockchain projects. Recently, it reportedly began offloading GMT tokens, the governance token of the STEPN app. Recent transactions involving Binance Labs and a former Coinbase engineer have stirred the cryptocurrency market. Is Binance Labs Selling GMT Tokens? Spot On Chain, an on-chain analytics platform, reported that Binance Labs’ address, 0x2e5, moved 9.33 million GMT tokens worth $3.14 million to a Binance deposit address. With around 9 million GMT tokens still in its possession, the movement of these assets has led to speculation about Binance Labs’ intentions regarding its GMT holdings. “Binance Labs, a…
Jordan Fish, known as Cobie on the social media platform X, has helped launched a new project called Echo, aimed at revolutionizing angel investment in the crypto market by allowing investors to pool funds for large investments. Echo distinguishes itself not just as another investment platform, but as a tool for breaking down barriers in […] Read the full article here
Shiba Inu (SHIB), one of the industry’s most popular meme coins and crypto ecosystems, trailed behind other popular tokens like Dogecoin (DOGE) last week, with a price decline of 8% on the weekly scale. However, SHIB might be poised for further growth, according to popular analyst Captain Faibik (CryptoFaibik on X). The analyst, citing data from a 6-hour chart, highlights the emergence of a symmetrical triangle, which traders consider a bullish pattern characterized by lower highs and higher lows. $SHIB #Shiba another 2x Bullish Rally incoming ✍️ pic.twitter.com/srIRdxAfPm — Captain Faibik (@CryptoFaibik) March 31, 2024 In symmetrical triangles, an asset…