Velvet is a decentralized finance (DeFi) operating system that uses artificial intelligence (AI) to simplify on-chain trading, portfolio management, and strategy creation across multiple blockchains. It aims to make DeFi more accessible for both new and experienced users by addressing common challenges like fragmented liquidity and complex interfaces. Here’s a breakdown of its key features […]
Avalanche Foundation, a nonprofit organization behind the cryptocurrency Avalanche, is reportedly raising $1 billion to launch digital asset treasury projects and accumulation projects. Avalanche Foundation is in active discussions with investors to launch a digital asset treasury company and convert another company into a “crypto-hoarding” vehicle, the Financial Times reported on Thursday, citing sources familiar […]
NFT marketplace and trading platform OpenSea on Monday said that it launched a $1 million reserve dedicated to buying culturally relevant non-fungible tokens (NFTs). OpenSea kicked off its NFT reserve by buying a piece of digital art from the CryptoPunk collection — widely considered Ethereum’s first NFT profile picture (PFP) collection. “For us, culturally relevant […]
MegaETH, an Ethereum layer-2 protocol backed by Vitalik Buterin, announced the upcoming launch of a yield-bearing stablecoin that might give it a different business model than traditional L2s, which drive revenue through transaction fees. The stablecoin, USDM, is being developed in partnership with Ethena, an algorithmic stablecoin protocol with $13 billion in total value locked […]
Pokémon trading cards are being considered for large-scale tokenization on the blockchain, which could significantly impact the $21.4 billion market. Bitwise research analyst Danny Nelson believes this shift is similar to what Polymarket achieved for prediction markets, marking a breakthrough for cryptocurrency in mainstream applications. While real-world asset (RWA) tokenization has expanded to a $28.2 […]
KuCoin is launching a cloud mining platform called KuMining, aiming to capture 10% of Dogecoin’s mining capacity. This platform will provide both retail and institutional investors with access to a verifiable hashrate backed by global mining facilities, which have power resources ranging from 300 megawatts to 2 gigawatts. KuMining will allow users to invest in […]
DeFi lending is gaining more attention from institutions as tokenized real-world assets (RWAs) are increasingly being used as collateral for stablecoin loans, according to Binance Research. Decentralized lending protocols, which automate lending and borrowing through smart contracts and eliminate the need for banks, have seen significant growth, rising over 72% in total value locked (TVL) […]
Portal to Bitcoin (PORTAL) is a protocol that allows users to swap native Bitcoin with other blockchains without custody. It has launched its native token, PTB, on seven major crypto exchanges, enhancing access and liquidity for its holders. In recent months, Portal has shown significant growth, processing over 18 million transactions, receiving more than 1.3 […]
Programmable money is gaining popularity, with startups raising nearly $100 million in funding. On the same day that stablecoin market capitalization hit $280 billion, Switzerland-based M0 announced a $40 million Series B funding round, led by Polychain Capital and Ribbit Capital. M0 allows developers to create custom stablecoins and has partnered with platforms like MetaMask […]
The PSG1 is Solana’s first handheld gaming console and is set to launch on October 6. It features gaming-ready hardware, including an octa-core ARM processor, 8GB of RAM, WiFi, Bluetooth, and a touch LCD display. The console also has a built-in crypto wallet and fingerprint security for storing crypto assets while gaming. Play Solana, the […]