SharpLink Gaming plans to invest $200 million worth of Ether from its corporate treasury into Consensys Linea network. This initiative will use Linea’s zkEVM layer-2 infrastructure to create onchain yield and improve the efficiency of its ETH holdings. The goal is to achieve strong, risk-adjusted returns in Ether. SharpLink will earn yields through staking, restaking […]
Digital asset lender Ledn has announced that it just had its best quarter ever for its Bitcoin-backed loans. This happened because more investors wanted to borrow against what they own during the current rise in cryptocurrency prices. In the third quarter, the company provided $392 million in loans backed by Bitcoin, bringing the total amount […]
Decentralized finance (DeFi) faces challenges in gaining mainstream acceptance due to factors like inflationary token mechanics and a confusing user experience. Users often feel overwhelmed by managing different wallets, seed phrases, gas fees, and complex cross-chain transactions before they can enjoy DeFi’s benefits. The Tea-Fi platform aims to simplify this process by using account abstraction […]
American sports betting company DraftKings is teaming up with Polymarket to be the main partner for handling trades in its new prediction market, which has more than $4 billion in trades every month. “Congratulations to DraftKings for buying Railbird. We are happy that Polymarket Clearing will be the place to handle their trades as they […]
Solana-based decentralized exchange aggregator Jupiter plans to launch its new prediction market before the end of the year. On Wednesday, Jupiter announced the beta version of its Prediction Market, created in partnership with Kalshi, which will provide liquidity. The platform aims to offer a wide range of services to attract more users. Chief Operating Officer […]
Decentralized trading platform Aster has launched a new initiative called Rocket Launch. This initiative aims to help early-stage projects by increasing liquidity and trading activity, while also providing users early access to new opportunities in the market. Rocket Launch seeks to turn token launches into ongoing processes that support continuous growth, rather than just one-time […]
Coinbase, a major US cryptocurrency exchange, has acquired Echo, a crowdfunding platform for early-stage projects, for $375 million. Echo was founded by crypto trader Jordan Fish, known as Cobie. The deal was announced shortly after Coinbase transferred $25 million in USDC to Cobie for an NFT purchase and to bring back his UpOnly podcast. Cobie […]
A16z Crypto, the blockchain investment branch of Andreessen Horowitz, has invested $50 million in Jito, a liquid staking protocol for the Solana network. This investment will provide A16z with Jito’s tokens at a discounted rate. Brian Smith, the director of the Jito Foundation, stated that this investment will help make Solana a key player in […]
Yield. xyz, a leading DeFi infrastructure firm, has announced that TRX, the main utility token of the TRON network, can now be staked directly using Ledger Live. This integration allows millions of Ledger users to easily access TRON’s governance staking rewards while maintaining high security standards. Current TRX holders can now stake their tokens onchain […]
SolCravo is excited to share that it has launched a new smart contract platform for XRP. This platform is made to help XRP holders to use blockchain technology in a safe, clear, and automatic way, without needing to sell or move their assets. As the cryptocurrency world grows, with top coins like Binance Coin (BNB) […]