Author: NBTC
Crypto startups captured $777 million in investments from venture capital (VC) funds in May, according to data aggregator DefiLlama. This is a 17% slide from the total amount netted in April, and the second consecutive month of VC capital slowing down. Projects focused on building blockchain infrastructure received $630 million last month, representing 81% of the total amount raised in the period. However, this is $100 million less than the total capital flows directed to this sector in May. Farcaster registered the largest infrastructure-related funding round in the period, with $150 million in investments coming from names such as Variant…
Coin98, a leader in blockchain solutions, has recently integrated ZKFair, a community-driven Layer 2 solution, to enhance its multi-chain capabilities. This strategic move optimises transaction speeds, reduces costs, and improves scalability across various blockchain platforms, ensuring a seamless and efficient user experience. ZKFair, recognised for promoting fairness and equity in blockchain transactions, operates on the Polygon CDK and Celestia DA frameworks and is governed entirely by its community. We’re excited to announce the integration of @ZKFCommunity, the first community-driven ZK-L2, ensuring users benefit from seamless, cost-effective, and high-performance multi-chain experiences.Learn more 👉 https://t.co/qR9ASxnOUX pic.twitter.com/FiDmQ9LUa8 — Coin98 Super Wallet (@coin98_wallet) June…
TeraWulf’s stock surged in Tuesday’s session after the mining firm released its monthly production update for May, the first full month since the latest Bitcoin halving event. The company mined 186 bitcoin in May, with an average production rate of approximately 6.0 bitcoin per day. TeraWulf said installed and operational self-mining capacity reached approximately 8.0 EH/s, representing an 82% year-over-year increase. The company averaged $31,239 per bitcoin self-mined in May, reflecting an approximate rate of $0.039/kWh. Bitcoin halvings are programmed to occur automatically roughly every four years. After a halving event, miners receive 50% fewer bitcoins as a subsidy reward…
The recent price rallies in the crypto market have come as opportunities for several investors. Lookonchain (a famous on-chain analytics provider) has disclosed a case where someone made $10M from $9,770 just in twenty-four hours, showing a 1,025x increase. The respective profit is huge in its amount and raises the eyebrows of the market onlookers. He invested in $Gummy. Some speculations say there might be some inside job behind this development. Sniper or insider?This guy turned $9,770 into $10M in just 1 day, a gain of 1,025x!12 minutes before $GUMMY was deployed, this guy withdrew 65.23 $SOL from #MEXC.Then spent…
Stream has reportedly started a new collaboration. As per the reports, it has partnered with Azarus (a prominent Web3 layer that offers game streaming services) to combine the communities of streaming as well as gaming sectors. Azarus operates as an open platform providing interactive, live, and open digital experiences to expand content engagement. Stream Collaborates with Azarus, Joining the Streaming and Gaming Communities Azarus occupies an important place in the market by using the interactive overlay facility. Entities like Twitch utilize this feature for playable ads. With this technology, Azarus has distributed more than $2 million in rewards. In addition…
Bitcoin price is showing a few positive signs above the $68,500 resistance. BTC must settle above the $70,000 resistance to continue higher in the near term. Bitcoin is eyeing a steady increase above $69,500 and $70,000 levels. The price is trading above $68,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $68,000 support zone. Bitcoin Price Holds Support Bitcoin price started a decent increase above the…
Switzerland – M^0, a decentralized infrastructure layer designed for the issuance of cryptodollar assets, has announced a successful Series A funding round, raising $35 million.— This funding coincides with the launch of the M^0 core protocol and its on-chain governance mechanism on the Ethereum Mainnet. Bain Capital Crypto, the cryptocurrency investment arm of Bain Capital, led the round, with participation from prominent investors and strategic partners including Galaxy Ventures, Wintermute Ventures, GSR, Caladan and SCB 10XM^0’s team includes veterans from MakerDAO and Circle, bringing a wealth of experience to their institutional-grade DeFi infrastructure. Their platform enables institutions to mint decentralized,…
FTX’s bankruptcy estate is preparing for a pivotal move by auctioning a significant batch of Solana (SOL) tokens. This strategy forms part of FTX’s liquidation process initiated after its collapse in November 2022. The upcoming auction, which diverges from previous fixed-price sales, is a strategic shift signaling potential changes in market dynamics. Will the Crypto Community Participate in the Solana Auction? Previously, between 25 million and 30 million SOL tokens were sold, netting nearly $1.9 billion. These were priced at $64 each, a sharp 60% discount from the market price then. However, the discount came with a trade-off, i.e., the…
Shibarium, Shiba Inu’s layer-2 solution has suffered an outage, according to a recent post on the X social media network by Shiba Inu developer Kaal Dhairya. Dhairya explained that the outage was caused by networking issues amongst the validators. At press time, the network is back up and running. However, as noted by Dhairya, Shibariumscam, the popular website tracking the health of the Shibarium network, and external remote procedure calls (RPCs) can still remain down while the team is dealing with external issues. External teams working for Shibarium on the infrastructure level have been encouraged to reach out to Dhairya…
Sky Mavis’s prominent blockchain platform, Ronin Network, has achieved a remarkable milestone by surpassing 20 million unique wallets. This achievement underscores Ronin’s rapid growth and its increasing popularity, particularly in the blockchain gaming sector. Launched as a dedicated sidechain to support the Axie Infinity ecosystem, Ronin has gained substantial traction by offering lower transaction fees and faster processing times compared to the Ethereum mainnet. The booming popularity of Axie Infinity, one of the leading play-to-earn games in the blockchain space, is largely responsible for the surge in unique wallets on the Ronin Network. Axie Infinity’s innovative model, which allows players…