General category for all types of news related to the cryptocurrency world.
GMX’s proposal to switch revenue distribution from $ETH to $GMX is now in on-chain voting, ending August 4. If approved, users can convert GMX to ETH, aiming to boost token value. A portion of fees will buy back GMX. #Update
VeChain’s new whitepaper, “Web3 for Better,” focuses on sustainable supply chains and ecological initiatives through Web3. Key features include a “phygital” concept, DEX/DeFi, wallet extension, Ethereum token bridge, and NFT marketplace. #Update #Sustainability
? New web3 startup Icebreaker, founded by ex-Coinbase & Google employees, secures $5M to create an open-source LinkedIn rival. Led by CoinFund, the platform aims to streamline professional networking across LinkedIn, Twitter & email. #Web3 #Update
21co analyst Tom Wan predicts tokenized US treasuries will hit $3B by end of 2024. DeFi projects like @Arbitrum and @MakerDAO have invested heavily, driving growth. BlackRock’s BUIDL fund leads with nearly $500M. #Update #DeFi
Polyhedra Network’s Proof Cloud, launched at Google ZK Summit, aims to make zero-knowledge proofs accessible in web2 & web3. Supported by @googlecloud, $MATIC, Linea, & Lita, it promises to cut computational costs by up to 90%. #Update
The Web3 Foundation has granted Dot Play funding to boost Polkadot’s gaming ecosystem. Dot Play will create tools, SDKs for Unity & Unreal, and offer business support. Notable team members include Angela Dalton and Eliza Jäppinen. #Update #Polkadot
Coinfest Asia 2024 is set for Aug 22-23 in Nuanu City, Bali, featuring 17 zones for Web3 activities, 6,000+ attendees, and 150 Web3 leaders. Highlight: ETH SEA hackathon with a $50K prize pool. #Update #CoinfestAsia2024 #Web3
Worldcoin faces insider trading and market manipulation allegations. With only 2.7% of $WLD tokens in circulation and a $22.4B fully diluted market cap, concerns over token dilution rise. Regulatory bans persist due to biometric data issues. #CryptoNews
Senate bill could impact crypto protocols like @AaveAave & @Uniswap due to broad sanctions on foreign digital asset facilitators tied to terrorism. Section 423 allows the Treasury to impose sanctions, affecting $USDT and other tokens. #CryptoRegulation
Tether CEO Paolo Ardoino urges investment in decentralized tech after a global IT outage on July 19. He criticizes centralization’s fragility and highlights Tether’s efforts with Holepunch to build resilient, disruption-proof systems. #Decentralization #Update
Several altcoins face significant token unlocks this August, injecting over $580M into the market, per @TokenUnlocks. Major releases include $IMX (32.47M), $APT (11.31M), $SAND (205.59M), and $AVAX (9.54M). #Crypto #Update
Hackers are targeting centralized financial platforms, with 70% of stolen crypto funds from breaches. Losses surged 900% from 2023, with @WazirXIndia losing $235M. Improved security is vital for #Web3 growth. #Update
? In July 2024, the crypto sector lost $266M to attacks, a 51% increase from June. Major breaches: $230M at @WazirXIndia, $24M at Compound Finance, $9.73M at LI.FI, and $8M at Bittensor. #Cybersecurity #Update
WSPN partners with Canza Finance to launch the WUSD stablecoin in Africa, enhancing financial inclusion with blockchain-based services. The WUSD, pegged to the USD, ensures stable transactions and fights currency devaluation. #Update #CryptoNews #DeFi
