VeChain Launches Bridge Enabling Interoperability With Bitcoin, Ethereum, and 40 More Cryptos
VeChain has announced the launch of its bridge through an integration with Wanchain, enabling interoperability with bitcoin, ethereum, and over 40 other leading blockchains. This milestone marks a significant evolution in VeChain’s transition to a fully interconnected Web3 ecosystem, allowing users to bridge assets such as BTC, ETH, and USDC directly into VeChain while also […]
Pakistan to Launch Digital Assets Authority to Regulate Crypto Market and Foster Financial Innovation
The Pakistani Ministry of Finance has announced a significant initiative to regulate digital assets in the country, unveiling plans for the establishment of the Pakistan Digital Assets Authority (PDAA). This dedicated body aims to oversee the blockchain-based financial infrastructure, ensuring compliance with Financial Action Task Force (FATF) standards while promoting economic inclusion and responsible adoption […]
Bitcoin Erupts to All-Time High, $109K Mark Shattered on Wednesday
On Wednesday, bitcoin decisively eclipsed its previous all-time peak set on Jan. 20, 2025. The cryptocurrency reached an unprecedented milestone on May 21, touching $109,495 per coin. Bitcoin notched a fresh all-time high of $109,495 on Wednesday, adding yet another milestone to its meteoric trajectory. The digital asset has climbed 4.4% against the U.S. dollar […]
Kraken Launches European Regulated Crypto Derivatives Offering From Cyprus
Kraken has announced the launch of Europe’s largest regulated crypto derivatives offering, enhancing its market-leading position in the region. Eligible clients and partners in the European Economic Area (EEA) can now access a comprehensive suite of liquid futures instruments, including both perpetual and fixed maturity contracts, all compliant with the Markets in Financial Instruments Directive […]
Magic Eden Taps Spark to Enhance Bitcoin DeFi With Fast, Low-Cost Settlement
Crypto platform Magic Eden has announced a partnership with Spark to enhance trading on bitcoin by providing fast and low-cost settlement for native assets. By integrating with Spark, Magic Eden plans to unlock efficient transactions for various market types, including stablecoin-to- BTC swaps, while maintaining the integrity of bitcoin’s trust model. Spark is designed to […]
Theta Capital Management Raises Over $175 Million for Fund-of-Funds Targeting Early-Stage Crypto Startups
Crypto investment firm Theta Capital Management has successfully closed a raise of over $175 million for its fund-of-funds, Theta Blockchain Ventures IV, which aims to support institutional investors in early-stage blockchain startups, according to a report by Bloomberg. The fund will specifically target venture capitalists specializing in cryptocurrency, according to Ruud Smets, the company’s managing […]
Theta Capital Management Raises Over $175 Million for Fund-of-Funds Targeting Early-Stage Crypto Startups
Crypto investment firm Theta Capital Management has successfully closed a raise of over $175 million for its fund-of-funds, Theta Blockchain Ventures IV, which aims to support institutional investors in early-stage blockchain startups, according to a report by Bloomberg. The fund will specifically target venture capitalists specializing in cryptocurrency, according to Ruud Smets, the company’s managing […]
Solana Chain Extension Sonic SVM Introduces New Token Burn Program
Sonic SVM, the first SVM chain extension on Solana, has announced the introduction of a new SONIC burn program aimed at enhancing the token’s value accrual mechanism. This strategic redesign replaces the previous burning model with a buy-and-lock system, where 50% of all transaction fees will be used to purchase SONIC tokens from the open […]
Bybit Launches Direct Trading of Global Stocks Using USDT
Bybit exchange has announced the launch of direct trading for top global stocks using USDT. This new feature, part of Bybit’s expanding Gold & Forex (MT5) product suite, allows users to trade 78 popular Contracts for Difference (CFDs), including Apple, Tesla, Meta, Nvidia, and Amazon, without the need for fiat onboarding. This provides traders with […]
Crypto Millionaire Believes Coinbase Data Leak Will Lead to Deaths
Michael Arrington, co-founder of Arrington Capital, a Web3 venture capital company that has invested in over 200 projects since 2017, has severely criticized the recent data leak involving Coinbase’s customers. Arrington, also a Coinbase investor, stated that the human cost of this mistake will be much higher than the $400 million said to be reimbursed […]