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The platform has been live for two weeks, and the total value of player tokens has reached $100 million. Can this reignite the blockchain gaming trend?
ETHZilla announces a $250 million stock buyback to stabilize after shares dropped, but concerns over long-term growth and Ethereum acquisitions remain.
The market's dovish interpretation of Powell's speech may be somewhat exaggerated.
Solana price pulled back after hitting $213, slipping 3.6% in 24 hours. With profit-taking rising and momentum showing strain, one strong support near $183 could decide the next move.
Grayscale has filed an S-1 registration with the SEC to convert its Avalanche Trust into an ETF tracking Avalanche (AVAX). The ETF would let more investors access Avalanche without owning the cryptocurrency directly. This step fits a trend of digital assets entering SEC-regulated investment vehicles. Grayscale follows several firms designing products for regulated blockchain exposure. … <a href="https://beincrypto.com/grayscale-avalanche-avax-etf-sec-filing/">Continued</a>
- 02:48Web3 social payment company METYA secures $50 million in strategic investment, led by Century UnitedAccording to ChainCatcher, Web3 social payment company METYA has announced a strategic investment of 50 million US dollars.
- 02:46Shima Capital founder resigns due to fraud allegations and gradually winds down fund operationsAccording to Odaily, Kate Irwin posted on X that crypto venture capital firm Shima Capital has quietly faded out. Three weeks ago, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Shima Capital and its founder Yida Gao, accusing him of “engaging in a scheme to defraud” certain investors. A source provided her with a screenshot of an email Yida Gao sent to portfolio company founders, showing that Yida Gao is resigning from his position and gradually winding down the fund’s operations. The email stated: “I deeply regret the wrong decisions I made and apologize to you for letting you down.” Shima Capital was founded in 2021 with an initial fund of $200 million and has invested in several crypto projects including Berachain, Monad, Pudgy Penguins, Sleepagotchi, and Gunzilla.
- 02:40Delphi Digital: L1 valuation premium has disappeared, and market demand for homogeneous infrastructure is weakeningAccording to Odaily, Delphi Digital posted on X stating that the valuation premium of Layer1 is disappearing, and the shift from "fat protocols" to "fat applications" has been ongoing for some time, but the market is only now starting to price this in. The demand for homogeneous infrastructure in the market is weakening, and investors' expectations have shifted. Major public chains are facing greater pressure and need to demonstrate real and sustainable recurring revenue. Stablecoins may be a way out. Currently, more than 30 billion US dollars worth of USDC and USDT are deployed on various alternative Layer1 and Layer2 networks, generating over 1 billion US dollars in annual revenue for Circle and Tether. The ecosystems that truly drive the demand for these stablecoins generate a total of about 800 million US dollars in fee income. Many public chains have realized this and have begun to internalize the economic benefits of stablecoins, rather than continuing to subsidize the issuers.