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Degen Chain, a layer-3 blockchain integrated with the Base network, has swiftly captivated the interest of investors and traders alike, boasting a remarkable surge in transaction volumes, nearing the $100 million mark within a mere 24-hour timeframe. Despite its recent launch just four days ago, the network has already recorded over 272,000 unique transactions. On-chain…

Vitalik Buterin, the co-founder of Ethereum, recently shared details about the upcoming stages of the protocol’s simplification endeavor, known as “The Purge.” The primary objective of this initiative is to streamline the Ethereum protocol by minimizing the storage demands for historical data. This will alleviate the strain on node operators’ storage resources and substantially reduce…

Bitkub Capital Group Holdings, the umbrella organization overseeing Bitkub, Thailand’s leading cryptocurrency exchange, has disclosed its intentions to initiate an initial public offering (IPO) in 2025. According to CEO Jirayut Srupsrisopa’s remarks in a recent Bloomberg interview, the company plans to list on the Stock Exchange of Thailand. Bitkub is presently in the process of…

PeckShield’s findings reveal that around $100 million in cryptocurrency funds pilfered during hacking episodes in March have been effectively retrieved. Despite the substantial initial losses reaching millions of dollars, owners saw 52.8% of the looted funds restored. PeckShield specified that the primary portion of the recuperated funds originated from the Munchables case, wherein the hacker…

Roman Storm, one of the co-founders of the cryptocurrency mixer Tornado Cash, has taken action by filing a motion to dismiss all three charges leveled against him. He contends that he did not engage in any money laundering activities nor did he violate the International Emergency Economic Powers Act. Storm’s legal team submitted the motion…

in brief Accelerator programs are witnessing an influx of Web3 startups amid the rapid ascent of digital assets. The space presents a landscape rich with both opportunities and challenges for participants to navigate. In the ever-evolving landscape of blockchain technology, Web3 startups are increasingly turning to accelerator programs as a strategic means to propel their…

Here’s the bottom line: The cryptocurrency industry has been rocked by startling news that has both day traders and high-ranking executives feeling the heat. At the core of the issue lies a significant development: a U.S. court has delivered a resounding rejection to Coinbase, a major player in the cryptocurrency realm, in their bid to…

in brief ConsenSys defends Ethereum’s proof-of-stake security in response to SEC concerns, highlighting its superiority over traditional proof-of-work systems. ConsenSys advocates for the approval of spot Ether ETFs, emphasizing the benefits they offer to investors. The ongoing debate surrounding Ethereum’s security and the potential approval of spot Ether ETFs underscores the broader dialogue between the…

in brief StakeStone’s Omnichain Carnival Wave 1 debuts a participatory investment program on Ethereum’s mainnet. The event prioritizes security and community expansion, offering participants short-term benefits and long-term value. A layered loyalty system is implemented to incentivize engagement and participation. Proactive cybersecurity measures are integrated to safeguard participants’ assets and ensure a secure environment for…

In an era where convenience reigns supreme, Google’s recent integration of Ethereum Name Service (ENS) into its crypto transaction system represents a significant paradigm shift. Concurrently, within the expansive realm of cryptocurrency, prominent investors are flocking towards a promising new destination: Borroe Finance. This emerging platform, established on the robust Polygon blockchain, is swiftly emerging…