Day: April 9, 2024

SUI Slips After Hitting All-Time High: TVL Tumbles 12%

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The burgeoning world of Decentralized Finance (DeFi) has witnessed a rollercoaster ride for newcomer Sui, a Layer 1 blockchain designed to scale DeFi applications. After a stellar start to 2024, Sui’s Total Value Locked (TVL) – a metric reflecting the total value of crypto assets deposited in its DeFi protocols – surged to a record $724 million in late March. However, this celebratory moment proved fleeting, as the platform has since experienced a downward trend. SUI TVL Takes A Tumble Despite the recent decline, Sui’s TVL currently sits at a…

dWallet Network brings multi-chain DeFi to Sui, featuring native Bitcoin and Ethereum – Blockchain News, Opinion, TV and Jobs

Dubai, UAE, April 9th, 2024, Chainwire dWallet Network, a trailblazer in decentralized, native multi-chain technology, and Mysten Labs, a Web3 infrastructure company and the original contributor to Sui, announced their strategic partnership, focusing on the introduction of multi-chain interoperability into the DeFi ecosystem on Sui, the groundbreaking Layer 1 and smart contract platform. With the integration of the dWallet primitive, applications built on Sui can sign transactions on Bitcoin and Ethereum, opening up new cross-chain experiences on Sui.  Sui is renowned for its secure, high-throughput, and low-latency blockchain capabilities, utilizing…

Bitcoin (BTC) Price Drops to $70K, Toncoin (TON) Rallies

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As ether (ETH) prices rallied and bitcoin (BTC) fell during the early hours of the East Asia trading day, Toncoin (TON) outperformed the market, climbing almost 17% and displacing Cardano as the 10th-largest token by market capitalization. A trader on X said the token could be rallying due to positive ecosystem news. He said USDT on TON is expected to be announced at the Token 2049 conference in Dubai next week. The Ton Network was initially a spinoff from Telegram, with development starting as early as 2018. Telegram stopped work…

Ark Invest’s ETF Holds Unique ‘Bitcoin Puppet’ NFT Worth Over $27,000

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According to onchain metrics, Ark Invest’s holdings in its spot bitcoin exchange-traded fund (ETF) include several inscriptions, among them an Ordinal inscription from the “Bitcoin Puppet” digital collectible series, valued at $27,900. Similarly, Blackrock’s IBIT possesses an Ordinal inscription from the “Speculum Aeternum” non-fungible token (NFT) collection. Spot Bitcoin ETFs Are Holding Unique NFT Inscriptions […] Original

Unveiling ‘Dark Machine’: AAA Mech Themed 7V7 TPS

PRESS RELEASE. Dubai, UAE – April 9th, 2024 – META-X, a Web3 competitive game specific publisher and developer is thrilled to announce the release of “Dark Machine,” a AAA team-based dark mech third-person shooter (TPS) backed by a strong team of Japan’s gaming industry veterans. Dark Machine is a mech themed max 7V7 arena shooter […] Source CryptoX Portal

Insider Says VET Will Reach The Finish Line

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A self-acclaimed VeChain (VET) insider has made a bold claim about the token’s price. The insider suggested that VET’s tepid price action is a strategic ploy by the team, and the token will eventually make a parabolic rise when the time comes.  VeChain Will “Reach The Finish Line” The self-claimed insider known as ‘VeChain Whale’ admitted in an X (formerly Twitter) post that VET’s price is slow but added that the token will “reach the finish line.” He made this statement while comparing VET to a “snail” in terms of…

Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera

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The fundraising also involved Multicoin, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, Asymmetric Ventures and Dan Held, and DCF God, Thesis said Tuesday. Mezo is a “permissionless Bitcoin economic layer that leverages a neutral smart contract infrastructure” to offer a wide range of applications for users, Thesis said. It is designed to amplify the Bitcoin blockchain’s infrastructure and provide cheap and fast transactions by allowing users “to access applications that use Bitcoin for everything, enabling a thriving circular economy,” the venture firm said. Mezo will go live with…