Category: Latest news

[ad_1] Bitcoin exchange-traded fund (ETF) issuer VanEck is set to oversee the reserve fund for a new stablecoin venture called Agora Dollar (AUSD). The stablecoin firm raised $12 million in a funding round led by crypto venture fund Dragonfly. The firm was launched by Nick Van Eck, the son of legendary investment manager Jan Van Eck,…

[ad_1] The US government transferred 30,175 Bitcoin (BTC), approximately worth $2 billion, to a wallet linked to crypto exchange Coinbase on April 2. The move occurred amid a major dip in Bitcoin that took its price to a weekly low of $64,500 per BTC before bouncing above the key $65,000 support level. On-chain sleuth ZachXBT…

[ad_1] Marc Zeller, the founder of the Aavechan Initiative, has proposed to the decentralized autonomous organization (DAO) overseeing Aave to remove DAI stablecoin’s collateral status within the protocol’s lending ecosystem. This move comes in response to MakerDAO’s proposal to allocate 600 million DAI into the fast-rising synthetic dollar USDe and staked USDe (sUSDe) through the…

[ad_1] CoinList, a leading Web3 launchpad platform, has selected ten promising crypto projects for its 2024 spring batch Seed projects, according to an April 2 statement shared with CryptoSlate. The projects were selected from over 350 applicants vying for inclusion in the Seed list with notable alumni like Injective Protocol, Biconomy, Mystiko, and Rabbithole. According…

[ad_1] Avail, a modular blockchain focused on unifying Web3 and optimizing data availability for scalable applications, has partnered with dWallet Network to introduce programmable native Bitcoin to rollups in the Avail ecosystem. Polygon co-founder Anurag Arjun spun off Avail from Polygon in 2023 into a separate entity. Avail was initiated within Polygon Labs in late…

[ad_1] Decentralized exchange FixedFloat’s Ethereum-based hot wallet saw several suspicious transactions that led to the withdrawals of $2.8 million during the past day, according to the Web3 security firm Cyvers. Following the news, stablecoin issuer Tether blocklisted ten addresses involved in these withdrawals, effectively freezing about $400,000 worth of USDT tokens, according to blockchain security…

[ad_1] Quick Take Data from BitMEX shows that the Bitcoin (BTC) exchange-traded funds (ETFs) saw a net outflow of $85.8 million, equivalent to 1,230.3 BTC, marking the first outflow since March 22. ETF Data in dollars: (Source: BitMEX) Grayscale’s GBTC continued to dominate the outflows, with $302.6 million, equivalent to 4,337.4 BTC, being withdrawn. GBTC…

[ad_1] Quick Take The digital asset market experienced a notable increase in profit-taking from Bitcoin on April 1, with realized profits reaching $3.3 billion, according to Glassnode, marking the highest level since March 25. This trend is anticipated, as Bitcoin recently reached all-time highs last month, prompting investors to capitalize on gains following the digital…

[ad_1] Ethereum co-founder Vitalik Buterin spent April Fools’ Day writing both serious and playful content across the Ethereum website and his personal blog. Across the two posts, he advocated protocol simplifications and efficiency improvements while exploring thought-provoking ideas about the future of political and economic systems in an increasingly digital world. In his more serious…

[ad_1] Quick Take Bitcoin’s price took a tumble on April 2, briefly dipping just to $66,000 before recovering slightly to around $66,500 as of press time. This drop from the digital assets’s all-time high of approximately $73,500 on March 14 represents roughly a 10% decline. BTCUSD, Price Drop from all-time high: (Source: Trading View) Coinglass…