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Market Cap of Tether (USDT) Increases by 4 Billion USD in 3 Weeks

Big Cap

Market Cap of Tether (USDT) Increases by 4 Billion USD in 3 Weeks

Tether (USDT), the leading stablecoin in the cryptocurrency market, continues to strengthen its position amid the current surge by issuing an additional 4 billion USDT in less than a month. Accordingly, after lingering around a market cap of 83 billion USD for nearly 5 months, the circulating supply of Tether

By Web3 Station 13 Nov 2023
Aave Resumes Operations, Ensures No User Funds Were Lost

DeFi

Aave Resumes Operations, Ensures No User Funds Were Lost

Full Functionality Restored On November 13, Aave announced the full restoration of services for its V2 and V3 versions. The protocol had to temporarily suspend certain lending services on November 5 due to a significant issue. Now, the Aave DAO has approved the resumption of these services across Ethereum (V2)

By Web3 Station 12 Nov 2023
Bitcoin Mining Difficulty Hits New Record High, Rises for 5 Consecutive Cycles

Big Cap

Bitcoin Mining Difficulty Hits New Record High, Rises for 5 Consecutive Cycles

Bitcoin's algorithmic mining difficulty continues to climb, with nearly six months remaining until the next halving event. Bitcoin Mining Difficulty Hits New Record High, Rises for 5 Consecutive Cycles. Photo: Bloomberg In the latest adjustment on the morning of November 13th, Bitcoin's mining algorithm difficulty surged

By Web3 Station 12 Nov 2023
Raft Hacked, Losing $3.3 Million and Causing Stablecoin R to Depeg

DeFi

Raft Hacked, Losing $3.3 Million and Causing Stablecoin R to Depeg

Incident Details On the night of November 10, DeFi platform Raft was hacked, resulting in the loss of $3.3 million worth of Ethereum (ETH). Interestingly, the hacker seems to have incurred a loss with the stolen funds. The Hack and Its Aftermath On-Chain Analysis: Data reveals that the attacker

By Web3 Station 10 Nov 2023
Unable to Hold Anymore, 0xSifu "Reluctantly" Closes Short ETH Position with Nearly $2.4 Million Loss

Big Cap

Unable to Hold Anymore, 0xSifu "Reluctantly" Closes Short ETH Position with Nearly $2.4 Million Loss

The market has surged strongly, forcing leveraged traders to cut losses or face liquidation. The prominent short position on ETH by 0xSifu found itself in a similar situation, and its owner was compelled to reluctantly cut losses amounting to nearly $2.4 million USD. Unable to Hold Anymore, 0xSifu "

By Web3 Station 10 Nov 2023
BlackRock Confirms Launch of Ethereum Spot ETF, ETH Skyrockets to 6-Month High

Big Cap

BlackRock Confirms Launch of Ethereum Spot ETF, ETH Skyrockets to 6-Month High

Financial giant BlackRock has confirmed earlier rumors regarding the launch of an Ethereum spot ETF, causing a sharp increase in ETH price. BlackRock confirms the launch of Ethereum spot ETF. Photo: Bloomberg On the evening of November 9, the cryptocurrency community was abuzz with news that BlackRock is preparing to

By Web3 Station 09 Nov 2023
One-Year Anniversary of FTX "Disaster", Bitcoin and Ethereum Simultaneously Hit 2023 Highs

Big Cap

One-Year Anniversary of FTX "Disaster", Bitcoin and Ethereum Simultaneously Hit 2023 Highs

The cryptocurrency market, led by Bitcoin and Ethereum, has seen a strong surge in the past 24 hours, driven by optimism surrounding ETF prospects. Cryptocurrency market volatility led by Bitcoin and Ethereum on November 10, 2023. Source: Coin360 Exactly one year after Binance announced the cancellation of the FTX acquisition

By Web3 Station 09 Nov 2023
Chainlink (LINK) Launches Staking v0.2

Big Cap

Chainlink (LINK) Launches Staking v0.2

Leading oracle solution Chainlink (LINK) has officially rolled out Staking v0.2, expanding the scale of its staking pool and introducing several new enhancements. Chainlink Launches Staking v0.2, Distributing Over 40 Million LINK in Rewards to the Community As scheduled, Staking v0.2 is set to enter General Access

By Web3 Station 09 Nov 2023
Near Foundation Collaborates with Eigen Labs to Address Liquidity Challenges on Layer-2

Big Cap

Near Foundation Collaborates with Eigen Labs to Address Liquidity Challenges on Layer-2

Near Foundation has announced a collaboration with Eigen Labs, the developer behind the Restaking EigenLayer protocol, to tackle liquidity challenges on Layer-2. Near Foundation Collaborates with Eigen Labs to Address Liquidity Challenges on Layer-2 This partnership aims to reduce transaction costs on Ethereum. Transactions are expected to complete within 3-4

By Web3 Station 09 Nov 2023
Yuga Labs Co-Founder Spends $1.5 Million of His Own Money on Blue-Chip NFTs

NFT & GameFi

Yuga Labs Co-Founder Spends $1.5 Million of His Own Money on Blue-Chip NFTs

In a prolonged downturn in the NFT market, Wylie Aronow, co-founder of Yuga Labs, recently made a bold move by spending $1.5 million to purchase top-tier NFTs such as CryptoPunks, Meebits, Doodles, and Pudgy Penguins to boost trading volumes. Despite the gloomy market, some dedicated NFT enthusiasts continue to

By Web3 Station 09 Nov 2023
Ubisoft Partners with Immutable to Develop Blockchain Game

NFT & GameFi

Ubisoft Partners with Immutable to Develop Blockchain Game

Ubisoft, the game developer behind famous franchises like Assassin’s Creed, Far Cry, and Tom Clancy's, is advancing its blockchain gaming efforts through a partnership with Immutable—a company specializing in NFT technology, blockchain, and the Immutable X (IMX) protocol. The collaboration between Ubisoft and Immutable aims to

By Web3 Station 09 Nov 2023
LHV Bank Owner Faces Risk of Losing $472 Million in ETH

Big Cap

LHV Bank Owner Faces Risk of Losing $472 Million in ETH

In a national broadcast on Estonian television, Rain Lõhmus confirmed that he currently owns 250,000 Ethereum (ETH), valued at over $478 million USD, but has lost access to the private key. LHV Bank Owner Faces Risk of Losing $472 Million in ETH Rain Lõhmus, founder of LHV Bank from

By Web3 Station 08 Nov 2023
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