Author: NBTC

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! To all of our US readers: Happy 4th of July, ‘Murica, may freedom ring, etc. And since today is dedicated to celebrating government, it seems apropos to talk a bit about governance: Who governs Solana? Every blockchain has a means of governance — that is, a way for humans to decide how its software should be upgraded. Bitcoin has its core developers and Bitcoin Improvement Proposals, and Ethereum has something similar. The means of upgrading Solana are perhaps…

MetaLine X, a fully on-chain game platform, has teamed up with the Oneness Labs. The aim of this partnership is to enhance the gaming experience in the high anticipated SparkFest gaming event. Happy to announce our partnership with @Oneness_Labs#Oneness Sparkfest 2 is here!️🌞🌊 This season, we will join @Oneness_Labs in the most exciting gaming event of the year!🎁Rewards Giveaway event info & how to participate :🌟 Follow @Oneness_Labs and @Metaline001 🌟… pic.twitter.com/OVcHwsj03R — MetaLine X (@Metaline001) August 20, 2024 MetaLine X is a modular computing platform powered by DePIN. It is a comprehensive platform built upon MetaLine’s core products. It…

A newly created crypto wallet, just two days old, has withdrawn a significant amount of Wrapped Bitcoin (WBTC) from Binance. According to Lookonchain, the wallet pulled out 1,606 WBTC. The value of these WBTC is approximately $93.36 million. A new wallet created 2 days ago withdrew 1,606 $WBTC($93.36M) from #Binance.https://t.co/8V2MbRc3Px pic.twitter.com/WJ5DJNunDr — Lookonchain (@lookonchain) August 15, 2024 New Wallet’s Massive WBTC Withdrawal Signals Potential Market Shift Wrapped Bitcoin is an ERC-20 token that is pegged to the Bitcoin price and runs on the Ethereum network. This is a large move which may suggest a likely change in trend or direction…

In a bid to create a blockchain version of the popular Y Combinator framework, ARC—an NFT-gated community of over 850 members—raised $4.5 million, the group announced on Tuesday. “We spent over two years curating a global powerhouse of connections, expertise, developers, creators, and influencers to create a comprehensive ecosystem that helps ambitious Web2 brands and Web3 projects in Asia succeed,” ARC CEO and cofounder Elroy Cheo said in a statement. Pitched as the “Y Combinator of the Web3 world,” the Singapore-based ARC said it will use the same model for project incubation, go-to-market capabilities, and funding. Y Combinator is a…

Sunny Lu will share VeChain’s Web3 advancements at Hack Season Brussels with over 1,500 attendees registered. VeChain’s new Blockchain-Powered Digital Passport enhances digital ownership, boosting the VET token’s market confidence. The collaboration between VeChain and WoV Labs highlights blockchain’s growing role in traditional media. On July 7, Sunny Lu will join top blockchain leaders at Hack Season Brussels. The event, featuring innovators from Zero Knowledge, L2s, Modular Blockchains, and DePIN, will highlight VeChain’s advancements in Web3. Over 1,500 attendees have registered, showcasing the event’s significance. On July 7, Sunny speaks alongside leaders of top blockchain protocols & projects at Hack…

Yield Games has recently announced an exclusive partnership with Sui Network. The collaboration reportedly denotes an endeavor to contribute to the growth of blockchain-backed gaming. The platform took to its official X account to provide the details of the respective partnership. Our friends from @SuiNetwork are coming over to play!🎮 Any games you guys think we should try out?🤔#TogetherWePlay https://t.co/2COnxnyDjE — Yield Guild Games (@YieldGuild) August 20, 2024 Yield Games Start a Unique Partnership with Sui Network to Revolutionize Web3 Gaming In its latest X post, Yield Games expressed excitement over this endeavor. As a well-known sponsor backing the “Games:…

A short and cryptic tweet sparked a frenzy in X circles late Tuesday night when leading global exchange Coinbase hinted at plans to enter the wrapped Bitcoin market. The initial speculation was quickly validated by senior employees who corroborated their excitement for further integration of the Bitcoin asset into the company’s on-chain ecosystem. Other observers have highlighted the strategic nature of the decision following a tumultuous week for current market favorite, BitGo’s wBTC. The latter has long been regarded as the easiest and most popular method for Bitcoin investors to gain exposure to DeFi products. With the industry’s attention on…

Spot Bitcoin ETFs have started this week on a positive note, while spot Ether ETFs continued their third consecutive trading day of negative flows. Data from SoSoValue shows that the 12 spot Bitcoin exchange-traded funds in the U.S. recorded $61.98 million in inflows on Aug. 19, representing a 72% increase compared to the net inflows of $36.01 million on the same day. BlackRock’s IBIT led the lot with $92.7 million, bringing its total inflows since launch to $20.48 billion. Fidelity’s FBTC followed with modest inflows of $3.9 million. These funds were the only ones to record a second consecutive day…

Due to U.S. regulatory hurdles, State Street will initially focus on tokenization rather than crypto custody, with the first tokenization client to be named soon after going live. State Street has been “very vocal” about the need to change the SEC’s SAB 121, which could force banks seeking to hold crypto to maintain an onerous amount of capital to compensate for the risk. State Street, the global custody bank with $44.3 trillion in assets under its watch, chose cryptocurrency custody and tokenization specialist Taurus to provide digital assets services in anticipation of a more congenial regulatory climate in the U.S.…

Known for his dedication to personal fitness, Coinbase’s CEO Brian Armstrong jumped into a Twitter chat about a “Deadlift ETF” that has been creating some social traction. It is an ETF crafted by @levelsio X user that only includes companies whose CEOs lift weights or engage in combat sports — no cardio-only allowed. Believe it or not, the ETF has reportedly outpaced the S&P 500 by 140% over the last four years. Hitting the gym hard, Armstrong, who trains six days a week, chimed in. That is when @levelsio replied, “Man I actually thought of you cause you looked jacked…