Memecoins prove their staying power, despite industry skepticism
Last weekend’s rally shows there is still life left in memecoins. Industry insiders weigh in on where they stand in the long run.
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Web 3.0 developer Alchemy reaches $10B valuation
Web 3.0 blockchain developer Alchemy announced on Tuesday that it has raised an additional US$200 million, bringing its valuation to US$10.2 billion. Fast facts Led by venture capital firms Lightspeed and Silver Lake, the funding is a continuation of its Series C round launched in October where it raised US$250 million at a US$3.5 billion…
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3D NFT marketplace coming to Polygon via Smart MFG
Smart MFG, a blockchain-based supply chain decentralized finance firm, has integrated with Polygon to launch Phigital, a 3D marketplace for non-fungible tokens (NFT). Fast facts Phigital will focus on interoperability of 3D assets across metaverses, and NFTs with real-world use cases. The movement of different assets and NFTs across metaverses has been one of the…
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Polygon raises $450M led by Sequoia Capital India
Ethereum layer-2 scaling solution Polygon has raised US$450 million from several big name investors including Sequoia Capital India, SoftBank, Galaxy Digital and Tiger Global, boosting its war chest as demand for its services grow. Fast facts Polygon is one of the most prominent Ethereum scalers whose tools allow developers to create decentralized apps (dApps) and…
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Year’s biggest rally pushes crypto market cap above $2 trillion
After a poor start to the year, the market needed some good news. Industry watchers urge caution.
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Number of unique NFT buyers soars to all-time high in January
Unique non-fungible token (NFT) buyers hit an all-time high (ATH) in January with more than 895,000 shoppers, according to data tracker CryptoSlam. Fast facts The new ATH recorded an almost 3,000% year-over-year increase and a 6.5% month-over-month growth. The number of unique sellers grew by almost 14% from December to January with 741,865 vendors, just…
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Solana DeFi avoids meltdown as Wormhole loss replaced
Jump Crypto announced that it replaced 120,000 ETH Friday morning Asia time to its cross-chain bridge Wormhole after a US$325 million exploit left wrapped Ether (wETH) in the Solana ecosystem unbacked. Fast facts The hacker was able to exploit Solana’s verification system to mint 120,000 wETH, and use it to funnel at least 93,750 ETH…
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Will blockchain’s future be cross-chain or multi-chain?
Vitalik Buterin caused an uproar over his recent criticisms of blockchain bridges. Here is a rebuttal in support of this nascent technology.
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Indian crypto tax ends fears of ban as investors brace for impact
Top blockchain and crypto news: New Delhi’s crypto give and take. Malice in Wonderland? Hong Kong’s selective spot ETF rules.
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Another NFT marketplace launches ‘vampire attack’ against OpenSea
Mark Cuban-backed non-fungible token (NFT) marketplace Mintable launched a self-described vampire attack against top marketplace OpenSea by selling popular collectibles at a loss. Fast facts Singapore-based Mintable conducted a fire sale of nine Mutant Ape Yacht Club NFTs by selling them 1 to 2 ETH below their floor price on Jan. 26, while another was…