Author: CryptooTimes
A cat video filmed 20 years ago by former YouTube chief technology officer Steve Chen is now the basis for a memecoin with a market capitalization of more than $20 million. Source link
Ethena Labs pledged to publish monthly reports detailing custody and reserve information to improve transparency around its USDe stablecoin. Synthetic dollar issuer Ethena Labs released three custodian attestations for assets backing its $2.67 billion-strong USDe token hedged by crypto-denominated currencies including Bitcoin (BTC) and Ether (ETH). According to the defi startup, Ethena’s stablecoin holds $1.31 billion and $1.33 billion of its stablecoin reserves with Swiss firm Copper Markets AG and CH Europe Digital Solution (CEFFU) respectively. Cobo Global HK Limited manages the remainder of USDe’s assets worth $5.52 million. Ethena Labs also boasts a $42.3 reserve fund for emergency purposes. The…
Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive their S-1 SEC registration. Source link
According to a balance sheet shared by the Foundation, at the end of the first quarter it held $41.41 million in fiat and stablecoins, along with 730,000 UNI tokens. The fiat and stablecoins are designated for grant commitments and operational activities, while the UNI tokens are reserved for employee awards. Source link
What happens when the secure world of blockchain meets the intelligence of AI? Discover how the EU is blending these technologies to create something magical. Blockchain and AI are two buzzwords you’ve probably heard a lot about. But what happens when these technologies join forces? The European Union (EU) is exploring this very question. In fact, the European Blockchain Observatory and Forum (EUBOF), part of the European Commission, recently published a report citing the potential of integrating blockchain technology with artificial intelligence (AI). According to the EUBOF report, authored by the Directorate-General for Communications Networks, Content and Technology, the possibilities…
According to the on-chain sleuth, the CAT memecoin creators hacked crypto influencer GCR to manipulate some coin prices. Source link
Meme coin projects such as Solana-based Bonk (BONK) have previously launched their own trading bots, which have proven popular among their community. Bonk’s BonkBot, for instance, was responsible for up to 70% of all on-chain trades on Solana at one point, B said, contributing to over $1 million in buying pressure to BONK monthly. Source link
Telegram’s endorsement of blockchain development has incentivized a migration to The Open Network (TON), bolstering user participation and nearly doubling on-chain TVL in two months. According to DefiLlama, users have deposited over $319 million into the Telegram-backed decentralized network known as The Open Network (TON). Activity began skyrocketing in late February, and total value locked (TVL) has nearly doubled since early April. TON’s ecosystem has witnessed an expansion spree in recent months as Telegram enabled more crypto-related offerings. Analytics show a variety of on-chain protocols building atop the Telegram-affiliated chain, including derivatives projects, exchanges, lending platforms, liquid staking providers, gaming…
A permit phishing attack appears to have siphoned 1,807 liquid staked Ether from the victim’s wallet address. Source link
About six hours after the issuance, Jenner’s account released a video that appeared to show the celebrity talking about the token. The post specifically mentioned it was not a “deep fake,” and said the token had recorded more than $113 million in trading volumes in just four hours. Source link
