Sigma Capital Launches $100M Fund: UAE’s Strategic Play in Web3 Innovation – Sigma Capital Fund I targets web3 technologies with a $100M investment. – Invests in DeFi, blockchain infrastructure, and the metaverse, among others. – Plans to support 100 startups, 25 liquid tokens, and 10 crypto funds. Introduction: Sigma Capital just dropped a hefty $100 […]
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PancakeSwap Burns $19M in CAKE Tokens Amidst Market Challenges PancakeSwap, a leading decentralized exchange (DEX), recently destroyed 8.95 million CAKE tokens worth approximately $19 million as part of its ongoing strategy to manage its token supply. Despite this significant move, CAKE’s price has fallen 32% over the past month, even as the broader altcoin market […]
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Mango Markets Shuts Down After $117M Hack, Users Given January Deadline to Exit Mango Markets, a notable DeFi platform operating on the Solana blockchain, has announced its closure following a devastating $117 million hack in October 2022. The platform’s governance voted unanimously to shut down, setting a final user exit date of January 13, 2025, […]
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Most Pump.fun Traders Yet to See Significant Profits, Data Indicates Pump.fun, a decentralized platform for Solana-based memecoins, has made waves in the world of decentralized finance (DeFi). Memecoins, cryptocurrencies often born from internet memes or viral trends, thrive on Pump.fun’s high-speed transactions and low fees. Despite the platform’s financial success, amassing nearly $398 million in […]
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Portugal’s Bank Slams the Door on Crypto Transfers Amid EU’s Tightening Grip Portugal’s largest bank, Banco de Investimentos Globais (BiG), has unexpectedly blocked fiat transfers to cryptocurrency platforms, aligning with the European Union’s new anti-money laundering and counter-terrorism financing regulations. This move marks a departure from Portugal’s previously crypto-friendly stance, with the introduction of a […]
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Orange Finance Hacked: $840,000 Stolen from Arbitrum Liquidity Project Orange Finance, a liquidity management project on the Arbitrum blockchain, suffered a major hack resulting in the loss of at least $840,000. The hackers exploited the project’s admin address to manipulate smart contracts and siphon funds, sparking urgent calls for improved security measures across the DeFi […]
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Revolut Joins Pyth Network: A Leap Towards Bridging Traditional Finance and DeFi Can a digital banking giant like Revolut revolutionize the world of decentralized finance? Revolut, the U.K.’s leading digital banking platform, has boldly stepped into the DeFi arena by joining the Pyth Network as a data publisher, marking a pivotal moment in the convergence […]
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Portugal’s BiG Bank Halts Fiat Payments to Crypto Platforms: Navigating Regulatory Shifts Banco de Investimento Global (BiG), managing assets close to €7 billion, has halted fiat payments to cryptocurrency platforms, signaling a shift in Portugal’s once crypto-friendly stance amidst evolving regulations. BiG suspends fiat payments to crypto platforms Delphi Labs’ José Maria Macedo criticizes the […]
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Ethereum Layer 2 Networks Surge: Handling 4.5x More Transactions Than Main Blockchain Ethereum’s Layer 2 (L2) networks, such as Base, Arbitrum, and Optimism, are at the forefront of blockchain scalability, handling over 4.5 times more transactions than the main Ethereum blockchain (Layer 1). These networks are becoming the go-to platforms for decentralized finance (DeFi), stablecoin […]
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Vitalik Buterin Converts $2.5M in Meme Coins to Fund Biotech Charity Kanro Vitalik Buterin, the mastermind behind Ethereum, has turned $2.5 million in meme coins into a lifeline for biotech research through his charity, Kanro. Selling a diverse portfolio of 28 meme coins, Buterin’s move not only underscores his commitment to advancing biotechnology but also […]
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