Author: Sahil Thakur
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Polymarket seeking $50M in funding
Polymarket, a leading blockchain-based prediction market, is reportedly seeking to raise $50 million in fresh funding, according to sources cited by The Information. This potential funding round could be tied to the launch of a new token, which investors in the round may receive through warrants, giving them the option to buy the tokens if…
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Amnis Finance raises $2M in first fundraising round
Amnis Finance, a decentralized finance (DeFi) platform, has secured $2 million in its first fundraising round, marking a significant milestone in its journey to becoming a leader in liquid staking on the Aptos blockchain. The round was co-led by prominent investors OKX Ventures and Borderless Capital, with additional contributions from firms such as Aptos Labs,…
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Mantra announces mainnet launch for October
MANTRA is set to make a significant move in the blockchain space with the launch of its highly anticipated MANTRA Chain Mainnet, slated for October 2024. Known for its pioneering role in real-world asset (RWA) tokenization, this launch aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). The mainnet will also…
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$6M in tokens drained from DeltaPrime
DeltaPrime, a decentralized finance (DeFi) platform, suffered a significant security breach resulting in the loss of over $6 million due to a private key leak. The attack affected only the Arbitrum version of DeltaPrime, while the platform’s deployment on Avalanche remained unaffected. The exploit allowed a hacker to gain control over the admin proxy by…
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USDC to be integrated into Sony’s blockchain
Circle has announced a partnership with Sony Block Solutions Labs to integrate its USD Coin (USDC) stablecoin on the Soneium blockchain, a layer-2 Ethereum network. This collaboration aims to enhance Soneium’s blockchain ecosystem by adding Bridged USDC, allowing for seamless value exchange on the platform. The Bridged USDC serves as a proxy for native USDC…
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India tops crypto adoption for 2023-2024
India has once again emerged as the global leader in cryptocurrency adoption, according to the latest report by Chainalysis. Despite strict regulatory policies and heavy taxes, Indian investors have been undeterred, continuing to engage in crypto transactions, particularly in centralized and decentralized finance (CeFi and DeFi) activities from June 2023 to July 2024. India’s lead…
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SBF to demand new verdict in FTX case
Former FTX CEO Sam Bankman-Fried is appealing his 25-year prison sentence following his trial in late 2023. The court found Bankman-Fried guilty of defrauding investors of over $8 billion, but his new attorney, Alexandra A.E. Shapiro, claims the trial was flawed. She argued that Judge Kaplan, who presided over the case, presumed Bankman-Fried’s guilt and…
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Dione Protocol to launch Odyssey mainnet on 30th Sept 2024
According to their post on X, the Dione Protocol team has revealed the dates for their flagship blockchain Odyssey mainnet launch. In the X post on 9th September, the team revealed: Dione ‘s Odyssey blockchain has been teased as “The backbone of the dione ecosystem – a fast, secure and scalable blockchain” as per Dione’s…
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Venmo and Paypal integrate ENS
Venmo and PayPal have integrated the Ethereum Name Service (ENS), enabling users to transfer cryptocurrency using ENS names. The integration, announced by ENS Labs on Sept. 10, is set to reach over 270 million users in the U.S., making it easier to send crypto by replacing long, complex blockchain addresses with readable names like “yourname.eth.”…
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Solana hits all time high in active addresses
According to Artemis.XYZ, Solana set a new record for daily active addresses, reaching over five million on September 10. This comes even as the price of Solana (SOL) remains near its lows from earlier in the year, with a value of around $136 per coin. Historically, Solana’s network activity has seen consistent growth, with active…