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Ethena is a synthetic dollar protocol built on the Ethereum blockchain that introduces the stablecoin USDe. The primary goal of this asset is to provide a censorship-resistant and scalable digital currency that is pegged to the US dollar. The market capitalization of USDe has surged to over $2 billion since its launch, making it one
As the cryptocurrency markets face turbulence, investors are turning to alternative investment strategies, such as presale investing in up-and-coming web3 projects. One project that has caught the attention of crypto investors is 5thScape (5SCAPE), a revolutionary virtual reality project that has already raised over $5 million. 5thScape aims to redefine the virtual reality and metaverse
Recently, the official Instagram account of popular actor Tom Holland fell victim to a hacking incident. The hackers exploited his platform, which boasts over 7 million followers, to promote a bogus cryptocurrency and NFT (Non-Fungible Token) scheme. The compromised account was used to announce an alleged collaboration with the global cryptocurrency exchange Binance, supposedly introducing
Cryptocurrency exchange and trading platform, Bybit, recently released a report discussing the upcoming Bitcoin halving event and its potential impacts on the supply dynamics of Bitcoin within exchanges in the crypto space. According to Bybit, the Bitcoin reserves within the world’s crypto exchanges have been depleting rapidly, with only nine months of BTC supply left
Bitcoin, the pioneer cryptocurrency, has been the center of attention for many investors and enthusiasts. One crypto analyst, Willy Woo, has recently made a bold prediction about Bitcoin’s future price, foreseeing a surge to $650,000. This prediction is based on the growing popularity of Spot Bitcoin ETFs in the market. The Influence of Spot Bitcoin
The recent turbulent conditions in the cryptocurrency market have not deterred Ethereum whales from making strategic moves. Despite the significant dip in Ethereum’s price, whales like “0x435” have seized the opportunity to accumulate large sums of ETH. This particular whale invested a whopping 70 million USDC to acquire 23,790 ETH when Ethereum hit nearly $2,930.
Avalon, an independent Web3 gaming studio, recently made waves in the gaming industry by securing a $10 million funding round led by Bitkraft Ventures and Hashed, with participation from other prominent investors such as Coinbase Ventures, Spartan Capital, and Foresight Ventures. The goal behind this funding is to expedite the development of Avalon’s pioneering blockchain