Synthetic dollar issuer Ethena Labs has announced the launch of claims for its new governance token ENA. The protocol, known for its yield-earning USDe token, is looking to distribute 750 million ENA tokens through an airdrop. The airdrop will see 5% of the token’s total supply flow into the market. Ethena Labs announced the development via an X post,...
Vitalik Buterin, one of the creators of the Ethereum blockchain, confirmed his position regarding layer 3 networks. Buterin joined the discussion on the value of layer 3 (L3) solutions, citing his post from a year and a half ago. Recently, an online debate broke out regarding the usefulness of L3 protocols for the Ethereum ecosystem. Several speakers...
Nick Van Eck has ventured into stablecoins with the backing of his family’s esteemed business. Agora, the brainchild of Van Eck and crypto stalwarts Drake Evans and Joe McGrady, recently secured $12 million in seed funding, spearheaded by digital-asset venture firm Dragonfly. Operating under a Delaware incorporation with its stablecoin issuer headquartered in the British Virgin Islands, Agora’s stablecoin will cater exclusively to...
While Ethereum prices fell over 4% in the last 30 days, ETH holders have pivoted away from Lido Finance into restaking protocols. According to a Dune Analytics dashboard tracking staking activity, Lido Finance had the highest Ethereum (ETH) outflow among similar protocols in the past month. The page created by researcher Hildobby indicated that stakers withdrew over...
The BNB Chain ecosystem team has announced a program to support meme coin developers with a prize pool of up to $1 million. As part of the Meme Innovation campaign, participants must deploy a meme coin on the BNB Smart Chain (BSC) and apply to participate by the end of April 9. The competition will last from April...
According to a new Forbes article, Binance founder Changpeng Zhao has tripled his net worth since 2023. Forbes magazine has published a ranking of the world’s wealthiest and most influential cryptocurrency billionaires, headed by Zhao. Forbes estimated his net worth at $33 billion, more than triple what it was in 2023 at $10.5 billion. Zhao’s stake in Binance is...
Bitcoin miners earned over $2 billion in March, reaching a new all-time high. According to The Block analytics, the previous all-time high was reached in May 2021, when miners’ total income amounted to $1.7 billion. Miners’ earnings consist of rewards for mined blocks and transaction fees on the Bitcoin network. Of the total revenue in March, $85.8...
The U.S. government wallet has moved Bitcoins previously confiscated from a well-known darknet platform. According to Blockchair, a wallet belonging to the U.S. government transferred Silk Road’s 30,175 Bitcoins (BTC) to cryptocurrency exchange Coinbase on April 2. Source: Blockchair At the current price of BTC at around $65,000, the cost of the transfer is approximately $2 billion. Blockchain sleuth ZachXBT noted...
Paradigm is looking to raise new funds for crypto investments as venture capitalists flock back to the burgeoning digital asset industry. Crypto investment company Paradigm has plans to raise as much as $850 million for a fresh fund following Bitcoin’s recovery beyond an all-time high and cryptocurrency’s ascent near its 2021 peak, Bloomberg reported on April 2. According to RootData,...
Traders continue to make big money using meme coins amid the continuous market rally and Bitcoin’s recovery to $70,000. Lookonchain analysts paid attention to a trader who traded 89 meme coins since March 21. Only 26 of them were profitable, with a winning percentage of less than 30%. However, the trader got lucky, making $690,000 on ANIME...
