Uniswap DAO Approves $113M Treasury Delegation Program to Strengthen Governance
Uniswap DAO has taken a major step toward boosting governance participation, voting in favor of continuing its Treasury Delegation Program. The preliminary decision, which will now move on chain for final approval, could see up to 18 million UNI tokens (valued at approximately $113 million) allocated to 12 selected governance delegates. The initiative aims to enhance active participation in Uniswap’s decision-making process, ensuring that trusted delegates have the necessary voting power to infl
Circle’s USD Coin (USDC) has reached a new all-time high market capitalization of $60 billion, marking a major milestone for the stablecoin. This surge comes as the broader stablecoin market has also expanded to record levels, now exceeding $230 billion in total market cap. The rapid growth of USDC highlights the increasing demand for on-chain dollars, driven by its role in decentralized finance (DeFi), institutional settlements, and cross-border payments. As regulatory clarity improves and stab
Polymarket Expands to Solana, Enabling SOL Deposits
Polymarket, a leading on-chain prediction market, has announced its expansion to Solana, allowing users to make SOL deposits directly onto the platform. This marks a significant step in Polymarket’s evolution, as it continues to improve accessibility and streamline user experience. Previously, Polymarket primarily operated on the Polygon network, requiring users to deposit USDC stablecoins before participating in its markets. By integrating Solana for direct SOL deposits, Polymarket is tapping i
Ethereum’s daily burn rate has hit an all-time low, reflecting a significant drop in on-chain activity and demand for blockspace. On Saturday, the total amount of ETH burned through transaction fees reached its lowest level sinceEthereum’s EIP-1559 upgrade introduced fee-burning in August 2021. The decline in ETH burn coincides with a broader slowdown in network activity, as active addresses, on-chain volume, and transaction counts have all dipped in recent weeks. This trend suggests a temporary
Pump.fun Launches PumpSwap DEX for Seamless Token Migration
Pump.fun, the popular Solana-based token-launching platform, has unveiled PumpSwap, a native decentralized exchange (DEX) designed to migrate tokens once they complete their bonding curve instantly. This new development streamlines the process of moving Pump.fun tokens into a fully liquid market, eliminating previous migration fees and paving the way for potential revenue-sharing opportunities. What is PumpSwap? PumpSwap is Pump.fun’s built-in DEX, designed to automatically transition tokens fro
Ethereum’s Stablecoin Dominance Grows as USDC and USDT Drive $850 Billion in Volume
Ethereum continues to solidify its position as the dominant blockchain for stablecoins, with USDC and USDT facilitating a staggering $850 billion in transaction volume. The network’s established liquidity, security, and robust DeFi ecosystem have made it the go-to platform for stablecoin issuance and usage. Ethereum’s Stronghold on the Stablecoin Market Stablecoins have become a critical component of the crypto economy, enabling fast, low-cost transactions while maintaining a peg to fiat currenc
Offchain Labs Debuts ‘Onchain Labs’ to Support Arbitrum Developers
Offchain Labs, the core development team behind Arbitrum, has announced Onchain Labs, a new initiative designed to accelerate the growth of decentralized applications (dApps) on the Arbitrum network. Launched in partnership with the Arbitrum Foundation, this program aims to provide early-stage developers and teams with the tools, funding, and support needed to build the next wave of onchain applications. The initiative comes as Arbitrum maintains its position as the leading Ethereum Layer 2 netw
SOL, XRP Zoom 5% Higher as Bitcoin Grapples With $84K Level
Solana (SOL) and XRP surged 5% in the past 24 hours, outpacing Bitcoin, which continues to struggle around the $84,000 mark. The gains come amid key developments for both assets, while memecoins also saw strong rallies as traders shifted toward riskier plays. SOL Rallies as Inflation Schedule Remains Unchanged Solana’s SOL token saw a notable price jump after the network’s validators voted against SIMD-0228, a controversial proposal that sought to alter its inflation schedule. The decision to ma
Sony’s Soneium Blockchain Collaborates with LINE on Onchain Mini-Apps
Sony’s blockchain initiative, Soneium, has announced a collaboration with LINE, integrating the messaging giant’s mini-app ecosystem into Soneium’s onchain infrastructure. This move signals a major step in enhancing Web3 user experiences, leveraging LINE’s vast network of users and developers. Bringing Web2 Familiarity to Web3 Innovation Soneium, which officially launched on mainnet in January, is Sony’s ambitious push into blockchain technology. It aims to provide a seamless and scalable platfo
Bitcoin Slips Below $80K, Ether Hits 16-Month Low as Crypto Market Sees Major Sell-Off
The cryptocurrency market is facing another brutal downturn, with Bitcoin (BTC) plunging below $80,000 and Ether (ETH) dropping to a 16-month low near $1,800 as a wave of selling pressure grips digital assets. Market Turmoil: BTC, ETH Lead the Drop Bitcoin fell to as low as $77,000 before recovering slightly to $78,250 at the time of writing. The world’s largest cryptocurrency is down nearly 12% in the past 24 hours, as investors react to macroeconomic concerns and heightened regulatory scrutiny
Reddit Co-Founder Alexis Ohanian Joins Bid to Acquire TikTok, Plans to Move Social App ‘Onchain’
Reddit co-founder and venture capitalist Alexis Ohanian has joined a bid to acquire TikTok, with an ambitious plan to move the social media giant on-chain. The news, announced on Tuesday, has sparked widespread interest in the tech and crypto communities. If successful, Ohanian aims to introduce blockchain-powered tools that give users more control over their data, interactions, and digital ownership. With over 1 billion active users, TikTok has become one of the world’s most influential social
Bitcoin Rebounds Above $93,000 as Trump’s Crypto Reserve Plan Sparks Market Optimism
The cryptocurrency market staged a strong recovery on Sunday, fueled by renewed optimism following U.S. President Donald Trump’s announcement of a U.S. crypto reserve. Bitcoin led the charge, surging past $94,000 at one point before stabilizing around $92,604, marking an 8% gain over the past 24 hours. Altcoins Soar as Market Sentiment Shifts The bullish momentum wasn’t limited to Bitcoin. Several major altcoins posted double-digit gains, with investors speculating on their potential inclusion i
MetaMask to Add Support for Bitcoin and Solana, Revamping Wallet UI
MetaMask, one of the most popular cryptocurrency wallets in the world, is set to expand its horizons in 2025 by adding support for two of the most dominant blockchain networks: Bitcoin and Solana. This move marks a significant shift for the wallet, which has traditionally been focused on the Ethereum ecosystem and Ethereum-compatible assets. In addition to integrating support for Bitcoin and Solana, MetaMask is also planning a complete revamp of its wallet application’s user interface (UI) to en
Crypto Market Cap Falls to November 2021 Levels Following Bybit Hack and Memecoin Bust
The global cryptocurrency market is facing significant turmoil, as its total market capitalization has dropped to levels last seen in November 2021. As of Tuesday, the overall market cap sits at approximately $2.86 trillion, according to CoinMarketCap, marking a sharp decline from the all-time highs seen earlier in 2024. The downturn has been exacerbated by two major factors: the Bybit hack and the memecoin bust, both of which have shaken investor confidence and led to widespread sell-offs acros
Metaplanet Purchases Additional $12.9 Million in Bitcoin, Expanding Holdings to 2,235 BTC
In a bold move signaling its strong belief in Bitcoin’s long-term potential, Metaplanet, a prominent investment firm, has acquired an additional $12.9 million worth of Bitcoin (BTC). This purchase brings its total Bitcoin holdings to an impressive 2,235 BTC, reinforcing the firm’s position as a major player in the cryptocurrency market. Strategic Bitcoin Acquisition The latest acquisition was completed at a time when Bitcoin’s price has experienced significant volatility. However, Metaplanet rem
Bybit CEO Confirms Exchange Has Closed Shortfall in ETH Reserves After $1.4 Billion Exploit
In a move that will reassure its users, Bybit has successfully closed the gap in its Ethereum (ETH) reserves following a major exploit that saw a significant shortfall. CEO Ben Zhou took to social media and official channels to confirm that the exchange has made up the $1.4 billion deficit, restoring its full reserve holdings. The Exploit and Its Impact Bybit came under scrutiny after it was revealed that the platform had experienced a $1.4 billion exploit, which caused a significant shortfall i
Opensea Reclaims NFT Market Share, Surging to 71.5% After SEA Token Announcement
In a significant move within the non-fungible token (NFT) space, Opensea, one of the world’s largest NFT marketplaces, has reclaimed a dominant position in the market, surging to a staggering 71.5% of the total market share. This impressive resurgence follows the announcement of SEA, Opensea’s new utility token, which has fueled investor and collector interest across the platform. The Rise of Opensea Opensea, a well-established NFT marketplace known for its vast selection of digital art, collect
Standard Chartered Plans to Launch HKD-Backed Stablecoin with Animoca Brands and HKT
In a bold move to expand its footprint in the growing digital asset space, Standard Chartered has announced plans to launch a new Hong Kong Dollar (HKD)-backed stablecoin. The bank is collaborating with Animoca Brands, a leader in blockchain and gaming, and HKT, a telecom giant, to develop this new stablecoin. The initiative is aimed at further integrating blockchain technology into the financial sector and advancing digital asset adoption in Hong Kong and beyond. What is HKD-Backed Stablecoin?
In a surprising turn of events, Argentinian President Javier Milei has retracted his endorsement of the controversial cryptocurrency LIBRA.
This follows revelations that several insiders had cashed out a whopping $107 million worth of the token. This move comes amid growing scrutiny and concern over the legitimacy of the token, which had garnered significant attention due to its association with Milei’s leadership.