Ethena Labs, a company specializing in creating synthetic dollars, was given approval by the US authorities to collaborate with Frax Finance and establish a USDeFRAX liquidity pool. This pool aims to increase the earnings from the FRAX stablecoin for both parties involved. At Ethena Labs, the proposed Singularity Roadmap was accepted, empowering the protocols to … Read more
The author of CryptoQuant expressed their perspective on Bitcoin‘s price rebounding above $70,000 following a series of corrections over the past few weeks. An expert explains that Bitcoin‘s (BTC) price bounced back after a few weeks due to multiple factors. Initially, investors in the crypto market reaped substantial profits, amounting to $2.7 billion. Concurrently, selling … Read more
Lumoz, previously named Opside, successfully secured $6 million in pre-series funding, giving the company a valuation of an impressive $120 million. In this latest funding round, OKX Ventures, HashKey Capital, KuCoin Ventures, Comma3 Ventures, Kronos Ventures, and Kernel Ventures have invested a total of $2.1 million. Additionally, the co-founder of Polygon, Sandeep Nailwal, has also … Read more
In the past 38 days, Pump.fun – a meme coin generation and marketplace – has generated an impressive earnings total of $5.2 million. Based on DefiLlama’s data, the platform earned a total of $528,000 in fees on the previous day. Launched initially for Solana (SOL) tokens back in January, the platform expanded its reach by … Read more
The Polkadot blockchain network has reached an impressive new height with over 600,000 active addresses, marking a new record. This achievement was attained amidst recent attempts to boost engagement through memecoins, which faced challenges in generating substantial interest for the protocol. The activity highlights the strong interaction among the Polkadot community, showcasing the various uses … Read more