Month: January 2024

Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge

“By unilaterally deploying a bridge and marketing it in an official-seeming way, it feels like you are trying to pressure the DAO into accepting your proposal to avoid liquidity fragmentation and bad UX for users,” Hasu, a Lido strategic advisor, said in the Lido DAO forums. “Driving users to it through marketing makes accepting an alternate bridge proposal more painful. These actions put the DAO, Lido stakers, and participating chains in a difficult position.” Source

Ethereum Is The Biggest Winner In Post-ETF Approval Market: Glassnode

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While Bitcoin has struggled since the much-anticipated spot ETFs have gone live, Ethereum has emerged as a winner in the sector. Ethereum Has Done Better Against Both Bitcoin And Altcoins Recently In its latest weekly report, the on-chain analytics firm Glassnode has discussed how Bitcoin, Ethereum, and the altcoins have performed against each other recently. The cryptocurrency sector as a whole has enjoyed a net rise since BlackRock first filed for its exchange-traded fund (ETF) last year. The trend in the market caps of the three asset classes over the…

Solana Unveils Token Extensions As SOL Bounces Back, Surging 5%

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The Solana Foundation, a non-profit organization dedicated to decentralization, adoption, and security on the Solana network, has launched token extensions.   Solana Token Extensions Gains Traction According to a January 24 announcement, token extensions provide developers, enterprises, financial institutions, and Solana-native development teams with a comprehensive suite of turnkey solutions for advanced token functionality. Anatoly Yakovenko, co-founder of Solana and CEO of Solana Labs, commented on the launch, stating:  Token extensions build on the characteristics that make Solana the ideal destination for developers. Solana is the first network to offer this level…

Crypto Fear and Greed Index drops to 100-day low

The Fear and Greed Index fell to its lowest levels in 100 days as Bitcoin (BTC) fell below the $40,000 mark for the second time in a week. Against the backdrop of changes to BTC and the cooling of the market in the wake of the widely anticipated spot BTC exchange traded funds (ETF), the Fear and Greed Index has moved into the neutral zone indicating a decrease in the interest of potential investors in cryptocurrency. Alternative.me The Fear and Greed Index is a scale from 0 to 100 with 0…

Crypto Wallets Drained Off $600K Due To Ignored Phishing Attack

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On January 23, Wallet Connect and other web3 companies informed their users about a phishing scam using official web3 companies’ email addresses to steal funds from thousands of crypto wallets. A Massive Phishing Campaign Wallet Connect took X to notify its community about an authorized email sent from a Wallet Connect-linked email address. This email prompted the receivers to open a link to claim an airdrop, however, the link led to a malicious site and, as Wallet Connect confirmed, it was not issued directly by the team or anyone affiliated.…

Dogecoin Blockchain Immortalizes 1993 Video Game ‘Doom’

In a nostalgic nod to the past, Dogecoin has become the integral host for the iconic first-person shooter DOOM, which once haunted the sleepless nights of gamers with its chunky pixel and bloodthirsty demon glory back in 1993, embarking on a futuristic journey within the Dogecoin blockchain. This unexpected union has been made possible through the utilization of a novel feature known as “Doginals,” an innovation that has forever etched the entire first level of DOOM into the decentralized and constantly evolving Dogecoin network. DOOM Finds Happy Home In Dogecoin…

Bitcoin Fear & Greed Index Reaches Lowest Level In Three Months, Is The Bleed Over?

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Amid the current market turmoil, the Bitcoin Fear & Greed Index has continued on a sharp decline. This decline has seen the index fall to its lowest level in over three months as crypto investors become more fearful and hold their investments from the market. Bitcoin Fear & Greed Index Takes A Nosedive In the months leading up to the end of the year 2023, the Bitcoin Fear & Greed Index climbed steadily until it reached high greed levels. Now, this index takes a number of factors into consideration to…

Bitcoin (BTC) Wallet Address Disclosed by Bitwise

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Not including any flows today, Bitwise holds 11,858 bitcoins worth roughly $474 million at the current bitcoin price just under $40,000. The asset manager is the most successful crypto-native ETF issuer so far with $518 billion of inflows in the past eight days. Only spot ETFs from BlackRock and Fidelity have seen more inflows, roughly $1.8 billion and $1.5 billion, respectively. Original

Bitwise first to publish on-chain addresses for Bitcoin ETF holdings

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The Bitwise Bitcoin ETF (BITB) has published the on-chain addresses of its holdings – the first issuer to do so among the 11 approved funds. This major decision enables public verification of BITB’s holdings and flows directly on the blockchain. The move by Bitwise aligns with the core ethos of Bitcoin (BTC), which emphasizes transparency and open verification. Bitwise also expressed its ambition to expand these efforts. Collaborations with firms like Hoseki are on the horizon, aiming to provide real-time cryptographic attestations. Announcement: Today the Bitwise Bitcoin ETF (BITB) becomes…