Author: News Room

Tokyo, Japan, March 27th, 2024, Chainwire Funds from the Pre-Series A round led by Dragonfly will further develop MyShell’s open-source models and agent platform for empowering AI creators. MyShell, a decentralized AI consumer layer, announced today that it has raised US$11 million in a Pre-Series A round, with participation from a cohort of high-profile investors, including Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, etc.  Prominent angel investors, such as former Coinbase CTO Balaji Srinivasan, NEAR Protocol Co-Founder Illia Polosukhin, former Paradigm Investment Partner Casey K. Caruso, and ex-Parafi partner Santiago R. Santos also joined the…

Ripple (XRP) price has been in a downtrend for the better half of the month, and these bearish signals are getting stronger. Will the altcoin end up losing crucial support since XRP long-term holders are losing conviction in the asset? Ripple Investors Lose Conviction The long-term holders are one of the most important cohorts that impact the XRP price. These investors tend to hold an asset for a period of more than 12 months. Thus, selling from them is considered to be a confirmed bearish signal. Their actions are observed by the total age consumed when they move their holdings…

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern District of New York, accuses Kucoin of multiple regulatory breaches involving these digital assets. Kucoin’s Legal Battles Shine a Bright […] Read the full article here

A top trader who accurately called Bitcoin’s (BTC) floor price during the 2018 bear market says one Ethereum (ETH) challenger looks extremely bullish. Pseudonymous analyst Bluntz tells his 251,100 followers on the social media platform X that he expects the native asset of the layer-1 protocol Near (NEAR) to rally to a level last seen in May 2022. According to the analyst, NEAR appears to be in the midst of a five-wave surge that could see the altcoin soaring close to $10 in a matter of days. “NEAR looks turbo bullish here IMO (in my opinion), clear ABC down from…

The head of blockchain analytics platform CryptoQuant says that Bitcoin’s (BTC) current market cycle is like none other before for one key reason. Ki Young Ju tells his 340,700 followers on the social media platform X that the level of Bitcoin investment from institutional investors is unprecedented this cycle, totaling $86 billion in the last six months alone. CryptoQuant’s data shows an explosion in Bitcon’s Realized Cap for short-term whales, or the value of the BTC at the price they were last transacted on-chain divided by the number of bitcoins among the cohort, suggesting a massive new presence of institutional…

Ondo Finance, a tokenized real-world asset company, announced plans to add $95 million of its own assets to a tokenized fund from BlackRock. In a blog post on March 27, the company said it would move a “substantial portion” of the assets behind its OUSG token to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). That amount represents OUSG’s entire total value locked (TVL), according to the asset’s official overview. The same page suggests that some of the funds may also be held in BlackRock’s FedFund (TFDXX), the USDC stablecoin, and other investments. The OUSG token provides liquid exposure to…

United States House Financial Services Committee and House Agriculture Committee members have expressed notable concerns regarding the Securities and Exchange Commission’s (SEC) approach to managing Ethereum (ETH). The focus of their apprehension centers on crypto firm Prometheum’s plans to offer institutional custody services for ETH, which has sparked several demands for clarity and action from regulatory authorities. Regulatory Ambiguity In a letter addressed to SEC Chair Gary Gensler dated March 26, prominent lawmakers, including House Financial Services Committee Chair Patrick McHenry and Vice Chair French Hill, urged the Commission to confront Prometheum’s intentions to provide custody services for ETH through…

Bitcoin Lightning Network company Neutronpay has secured a $1.5 million bridge funding round led by Axiom Capital, according to a press release sent to Bitcoin Magazine. This investment is to help Neutronpay bring instant and cost-effective payment solutions in Southeast Asia’s digital economy with Bitcoin. “We are delighted to continue to support Albert and the team as they prove out the utility of Lightning infrastructure in Southeast Asia,” says Allen Farrington on behalf of Axiom. “We expect to see a continued normalization of the superiority of the Lightning Network over legacy fiat banking rails for a range of payment categories…

The growing interest in decentralized finance (DeFi) reflects a market striding towards rationality, efficiency, and increased awareness of risks, and all signs point to a forthcoming bullish summer, marked by renewed confidence and a shift towards safer investment strategies. Once in love with nothing but high yields, investors are now prioritizing security over raw numbers. Data collected by Exponential and published in March, reveals a significant portion of DeFi funds, approximately 75%, are locked in pools offering conservative annual percentage yield (APYs) ranging from 0-5% (as seen below). Such a cautious approach, particularly evident in Ethereum (ETH) staking pools, reflects…

Spectral Labs, a crypto development firm focused on artificial intelligence, wants to make it easier for non-programmers to build on blockchains. On Tuesday the company will launch Syntax, an AI app that can help anyone – coders and non-coders alike – spin up smart contracts for Ethereum and dozens of other blockchains. While Syntax represents an impressive technical achievement, Spectral still faces the hurdle of convincing users to entrust AI with their precious digital assets. Those familiar with Chat GPT and similar chatbots will be at home on Syntax interface, which is powered by a crypto-specific large language model (LLM)…