Web3 developer Magic raises $52M in funding led by PayPal Ventures
The company has raised $80 million for wallet development since its inception in 2020.
Blockchain
LSD for DeFi: Tenet, LayerZero partner to drive cross-chain liquid staking adoption
Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem.
Security firm discovers $500M vulnerability in Tron multisig accounts
After reporting the vulnerability to Tron in February, the researchers highlighted that the issue was…
Bitcoin Ordinals to bridge Ethereum NFTs with the launch of BRC-721E
The BRC-721E token standard was launched by the Ordinals market and the Bitcoin Miladys NFT…
Wintermute moves over $4M of Optimism to Binance ahead of token unlock
On-chain analytics platform Spot on Chain reported that Wintermute sold the tokens at $1.63 per…
Bitcoin Ordinals surpass 10M inscriptions as creator Rodarmor steps down
The number of Ordinals has grown from one to 10 million in less than six…
Optimism set to unlock $587M worth of OP tokens, will investors unload?
More than 386 million OP tokens are scheduled to be unlocked on May 31, more…
Laos government reportedly prioritizes blockchain technology for digital transformation
Laotian Prime Minister Sonexay Siphandone chaired the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation.
Ledger CEO says crypto key recovery service makes self-custody easier
Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may…
FTX 2.0 coming up, Multichain FUD and Worldcoin raises $115M: Hodler’s Digest, May 21-27
FTX reboot is in the works, Multichain issues spark uncertainty and Sam Altman’s crypto project…
Nigerian crypto company suspends withdrawals after BTC and naira compromise
Efforts are underway to recover compromised assets and enhance security measures as users express concerns…
No ETH to trade? Ethereum exchange balance drops to a 5-year low
The ETH balance decline began in September 2022, dropping significantly in November and December after…
Home loans using crypto as collateral: Do the risks outweigh the reward?
You can use crypto as collateral to get a home loan — but as one…
Circle launches euro-based stablecoin on Avalanche blockchain
Circle launched EUROC last year as a regulated stablecoin, which means that each token is…
RGB protocol may offer solution to Bitcoin’s Ordinals jam, claims proponent
The founder of Digital Bitcoin Art and Assets (DIBA) believes smart contracts on Bitcoin could…
