Degen, a memecoin on the Base network, surged to 115K traders (22.8% market share) as of June 17, trailing only @dogecoin’s 134K. Despite a smaller market cap, Degen’s pivot to greater utility via DEGEN Chain shows promise. #CryptoNews
? The TON Blockchain launched TapSwap, a Tap-2-Earn Telegram app, on Feb 15, 2024. With 50M+ users globally, it enhances user experience and security. $TON price: $7.02, market cap: $17.2M. #Update #Crypto #Blockchain
? On June 20, 2024, @BNBChain will launch the BEP-336 upgrade, inspired by Ethereum’s EIP-4844 hard fork, to cut transaction fees by up to 90%. Key features include BlobTx for better data management, enhancing BNB Greenfield’s storage. #Blockchain #Update
Stani Kulechov, CEO of Avara, aims to raise $50M for Lens Protocol to hit a $500M valuation. This follows a $15M round in Jan 2023. The funds will enhance Web3 social networking with ZKsync tech. #Web3 #Update
Ethereum co-founder @VitalikButerin backs TiTok AI’s new image compression, shrinking 256×256-pixel images to 320 bits for efficient onchain storage. This tech, from ByteDance and the University of Munich, speeds up processing by 410 times. #Blockchain #Update
Blockchain tech is set to unify the fragmented boxing industry, enhancing transparency and global accessibility. Sergey Lapin’s Ready to Fight platform, launching with the $RTF token, promises secure transactions and better career prospects for athletes. #Update
Decentralized AI using blockchain could enhance security and innovation by distributing power and tracking data provenance. This move addresses privacy issues and misuse concerns in current centralized AI systems, paving the way for a fairer ecosystem. #AI #Update
34 blockchain startups raised $109.3M this week! Highlights: Nexus Labs secured $25M for its zero-knowledge VM, Layer3 raised $15M for onchain identity, and @NEARProtocol spinout Nuffle Labs garnered $13M. Paradigm announced a new $850M fund. #Blockchain #Update
Chainlink ($LINK) faces challenges as its price declines, while 5thScape’s VR platform gains momentum. 5thScape’s token, $5SCAPE, raised $6.6M in presale, showing strong investor interest. This highlights the competitive landscape in the crypto market. #Update #CryptoNews
Since May 27, exchange wallets for $SHIB, $LINK, and $ETH saw holdings drop by 2.4%, 2.9%, and 8.6% respectively. Traders view these reductions as bullish, signaling potential price recoveries. #Update #Cryptocurrency
.@BNBCHAIN and @BinanceLabs launch the BNB Incubation Alliance to support early-stage Web3 projects with resources, grants, and global events. Participants get benefits worth up to $300K. #Web3 #CryptoNews
The IOTA Foundation’s Web3 ID Solution, developed with @wait.id and @IDnow, joins the EU Blockchain Sandbox. It enhances KYC processes with DLT and tokenization. #Blockchain #Web3
56% of Fortune 500 executives are testing on-chain projects, with Fortune 100 blockchain initiatives up 39% YoY. Bitcoin price surpasses $73K. #Blockchain #CryptoNews
Merlin Chain (@MerlinChain) allows $BTC holders to earn staking rewards and participate in DeFi. Over $13B in BTC bridged, $700M in rewards distributed, and $1.2B in TVL. #Crypto #DeFi
