Category Archives: Blockchain

Sonic, a layer-2 blockchain specifically designed for gaming applications within the Solana ecosystem, has recently announced a series of strategic partnerships with both Solayer and Adrastea Finance, with the primary goal of expanding and enhancing the Solana restaking ecosystem. The Sonic SVM team made this significant announcement on October 31, emphasizing that the platform has […]

UBS Asset Management has launched its inaugural tokenized investment fund on the Ethereum blockchain, named the “UBS USD Money Market Investment Fund Token,” or ‘uMINT.’ This innovative fund is designed for various authorized distribution partners in Singapore, as stated by UBS. Tokenization is the process of converting traditional assets, such as stocks and bonds, into […]

Cryptocurrencies and stocks experienced heightened volatility following the release of disappointing nonfarm payroll data from the U.S., which suggests a potentially dovish stance from the Federal Reserve. Bitcoin (BTC) retraced from around $72,500 to approximately $70,000, while Ethereum (ETH) saw a decline of over 3% in the past 24 hours, dropping to $2,500. The overall […]

In its third quarter report for 2024, Tether announced several record-breaking achievements, including significant increases in total assets, group equity, and cumulative profits. According to the report published on October 31, the stablecoin issuer achieved a net profit of $2.5 billion for the quarter, contributing to a remarkable consolidated profit of $7.7 billion for the […]

OPSEC experienced a dramatic decline of over 78% on October 31 after the AI-driven cloud security platform failed to release its highly anticipated OPSEC V2 update, which was scheduled for October. As of the latest update, OPSEC was trading at $0.005141, a level not seen since January. The project’s troubles began when rumors of a […]

On October 31, BlackRock’s spot Bitcoin ETF, IBIT, achieved impressive net inflows of $318.8 million, despite Bitcoin experiencing a 4% decline in price to around $68,800. Data from Farside Investors highlights that this latest surge in capital followed a record-breaking day on October 30, when IBIT attracted an astounding $872 million, surpassing its previous high […]

Pi Network has issued a reminder to its user community regarding an important deadline that must be adhered to. The anticipation surrounding this deadline is palpable, as many within the community are eager to see whether the project will finally meet its long-awaited goals. Just One Month Remaining The Pi Network remains a highly debated […]

Suilend, a decentralized finance (DeFi) platform specializing in lending and borrowing, has recently unveiled a groundbreaking liquid staking standard designed specifically for the layer 1 blockchain network known as Sui. The announcement regarding the launch of SpringSui was made on October 31, and was detailed in a press release sent to crypto.news, emphasizing that this […]

Florida’s Chief Financial Officer, Jimmy Patronis, recently disclosed that the state maintains a substantial portfolio that includes approximately $800 million in investments related to cryptocurrencies. This significant figure was highlighted during an interview he conducted with CNBC, where he discussed Florida’s strategic approach to digital assets. In his remarks, Patronis underscored Florida’s dedication to exploring […]

Ellipsis Labs, the primary development team responsible for the innovative Solana-based decentralized exchange platform known as Phoenix, has successfully secured a substantial $21 million in funding, with the prominent venture capital firm Haun Ventures taking the lead in this significant investment round. This influx of capital is set to empower Ellipsis Labs to accelerate the […]