Auto Added by WPeMatico

Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented ‘Blob Contention’

Following the debut of the Dencun upgrade and Ethereum blobs, enthusiasts have devised methods to embed data akin to how Ordinal inscriptions operate. Since this development, inscription-based activities now account…

Continue ReadingEthereum Blob Inscriptions Exceed 40%, Triggering Unprecedented ‘Blob Contention’

Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout

The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma…

Continue ReadingPrisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout

‘Build on Bitcoin’ Startup Secures $10M in Seed Funding to Advance Hybrid L2

The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set…

Continue Reading‘Build on Bitcoin’ Startup Secures $10M in Seed Funding to Advance Hybrid L2

Kucoin’s Legal Woes Spark Massive $1.7 Billion Withdrawal, Onchain Data Reveals

After the Kucoin indictment on Tuesday, subsequent onchain data from Nansen indicates that, to date, $1.7 billion in funds have been withdrawn from the exchange. Crypto Assets Worth $1.7 Billion…

Continue ReadingKucoin’s Legal Woes Spark Massive $1.7 Billion Withdrawal, Onchain Data Reveals

Nansen Reports $200 Million Exodus From Kucoin After DOJ Action

Following the Department of Justice’s (DOJ) legal action against Kucoin and its founders, analysts from Nansen specializing in real-time onchain data revealed that Kucoin experienced a withdrawal of $99 million…

Continue ReadingNansen Reports $200 Million Exodus From Kucoin After DOJ Action

Grayscale Confident in SEC’s Approval of Spot Ethereum ETFs

Grayscale remains confident that spot Ethereum exchange-traded funds (ETFs) will receive approval from U.S. regulators in May, despite recent speculations surrounding the Securities and Exchange Commission’s (SEC) engagement with applicants.…

Continue ReadingGrayscale Confident in SEC’s Approval of Spot Ethereum ETFs

Coinbase’s Base Hits Record $2B in TVL as Demand Surges After Dencun Upgrade Activation

Base, Coinbase’s layer-2 blockchain initiative for reducing Ethereum transaction fees, seems to be witnessing massive demands of increased network activity. As a result, its TVL also rose sharply, hitting a…

Continue ReadingCoinbase’s Base Hits Record $2B in TVL as Demand Surges After Dencun Upgrade Activation