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The Sandbox Launches $35 Million Fund for Game Development Projects

NFT & GameFi

The Sandbox Launches $35 Million Fund for Game Development Projects

Alongside a new fund, The Sandbox is also planning to become an open content publishing platform for creators and release Game Maker version 0.9. The Sandbox Launches $35 Million Fund for Game Development Projects At The Sandbox's Creators Day event held on November 3, 2023, in Hong

By Web3 Station 03 Nov 2023
ProShares Launches First Short Ethereum ETF in the U.S.

Big Cap

ProShares Launches First Short Ethereum ETF in the U.S.

ProShares has introduced the ProShares Short Ether Strategy ETF (SETH), the world's first short Ethereum ETF, offering investors increased profit opportunities when ETH prices decline. ProShares Launches First Short Ethereum ETF in the U.S. Image: U Today Last night (11/02), asset manager ProShares launched the ProShares

By Web3 Station 02 Nov 2023
MicroStrategy Buys an Additional $5.3 Million in Bitcoin, Bitcoin Holdings Yield $900 Million in Profits

Big Cap

MicroStrategy Buys an Additional $5.3 Million in Bitcoin, Bitcoin Holdings Yield $900 Million in Profits

MicroStrategy is reaping $900 million in profits from its massive Bitcoin treasury thanks to the "Uptober" of the world's largest cryptocurrency. MicroStrategy Buys an Additional $5.3 Million in Bitcoin, Bitcoin Holdings Yield $900 Million in Profits In the early hours of November 2nd, CEO Michael

By Web3 Station 01 Nov 2023
NEAR Price Skyrockets Following Partnership Announcement with Nym, Ahead of Nearcon

Big Cap

NEAR Price Skyrockets Following Partnership Announcement with Nym, Ahead of Nearcon

NEAR Protocol has experienced a significant price surge after the Near Foundation announced a partnership with infrastructure security startup Nym Technologies. NEAR Price Soars After Partnership Announcement with Nym, Ahead of Nearcon. Photo: Nym Last night (November 1st), NEAR Protocol officially announced its collaboration with Nym Technologies, a project focused

By Web3 Station 01 Nov 2023
Vitalik Buterin Shares Insights on Trade-Offs in Layer-2 Solutions

Big Cap

Vitalik Buterin Shares Insights on Trade-Offs in Layer-2 Solutions

Vitalik Buterin recently published a blog post explaining the differences between various Layer-2 solutions, alongside notes on potential risks associated with their implementation. Vitalik Buterin Shares Insights on Trade-Offs in Layer-2 Solutions The blog begins with Vitalik Buterin summarizing the current state of the Layer-2 market. Specifically, he notes a

By Web3 Station 01 Nov 2023
Circle to Cease Supporting Individual User Minting of Stablecoins

Big Cap

Circle to Cease Supporting Individual User Minting of Stablecoins

Circle, the second-largest issuer of the USDC stablecoin, will no longer support individual users in minting stablecoins. Circle will halt support for individual user minting of stablecoins. Image: Bitcoinist In an announcement on the evening of October 31, Circle, the entity behind the USDC stablecoin, stated that it will cease

By Web3 Station 31 Oct 2023
Tether Releases Q3/2023 Asset Report

Big Cap

Tether Releases Q3/2023 Asset Report

Tether, the largest issuer of stablecoin USDT, has published its latest asset verification report on the evening of October 31, summarizing the Q3/2023 period. According to the report, as of September 30, 2023, Tether holds assets totaling $86.3 billion, backing the 83.1 billion USDT in circulation. However,

By Web3 Station 31 Oct 2023
SOL Surges Over 18% on Updates from Solana Breakpoint 2023

Big Cap

SOL Surges Over 18% on Updates from Solana Breakpoint 2023

The Solana Breakpoint 2023 event, alongside several ecosystem updates, has been the driving force behind SOL's 18% increase over the past 48 hours. SOL Grows on Updates from Solana Breakpoint 2023 Ahead of this year's Solana Breakpoint event in Amsterdam, the event's X account

By Web3 Station 31 Oct 2023
TomoChain Rebrands to Viction (VIC)

Big Cap

TomoChain Rebrands to Viction (VIC)

TomoChain has announced a rebranding to Viction, with its token TOMO now renamed to VIC alongside several new updates. TomoChain Rebrands to Viction (VIC) On the afternoon of November 1, 2023, leading Vietnamese Web3 project Coin98 hosted a press conference to announce several significant updates within its ecosystem, emphasizing future

By Web3 Station 31 Oct 2023
Frax Finance Suffers DNS Spoofing Attack

DeFi

Frax Finance Suffers DNS Spoofing Attack

Summary On the morning of November 1, Frax Finance’s website was reportedly subjected to a DNS spoofing attack. The project has since issued warnings to its users. Key Highlights Please don’t use https://t.co/cADe5RLjqv and https://t.co/AcTF8hlzaS domains until further notice. If you know

By Web3 Station 31 Oct 2023
Coin98 Finance Rebrands to Ninety Eight, Establishes $25 Million Ecosystem Development Fund

DeFi

Coin98 Finance Rebrands to Ninety Eight, Establishes $25 Million Ecosystem Development Fund

Summary On the afternoon of November 1, 2023, Coin98 Finance, the developer of the Coin98 Wallet, announced its rebranding to "Ninety Eight" to better reflect its broader range of products and ambitious vision. Key Highlights * Rebranding to Ninety Eight: Coin98 Finance has officially changed its name to Ninety

By Web3 Station 31 Oct 2023
Onyx Protocol Hacked for 2.1 Million USD through Flash Loan Attack

DeFi

Onyx Protocol Hacked for 2.1 Million USD through Flash Loan Attack

Summary On the evening of November 1, 2023, blockchain security firm PeckShield reported a flash loan attack on the DeFi protocol Onyx Protocol, resulting in a loss of over 2.1 million USD. Details of the Attack The hacker exploited a rounding vulnerability in Onyx Protocol's codebase, which

By Web3 Station 31 Oct 2023
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