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Frax Finance Launches Layer-2 Fraxtal, Prepares FXTL Reward Points

DeFi

Frax Finance Launches Layer-2 Fraxtal, Prepares FXTL Reward Points

The renowned DeFi project on Ethereum, Frax Finance, has launched the mainnet of its layer-2 solution, Fraxtal, for select partners and shared details about its FXTL reward points program. Fraxtal is a layer-2 solution developed by Frax Finance on Ethereum since mid-2023, utilizing Optimism's OP Stack and being

By Web3 Station 07 Feb 2024
Heroes of Mavia Game Airdrops to 100,000 Eligible Wallets

NFT & GameFi

Heroes of Mavia Game Airdrops to 100,000 Eligible Wallets

Binance Labs-backed mobile game project "Heroes of Mavia" has released its MAVIA token along with a substantial airdrop for players. Heroes of Mavia Game Airdrops to 100,000 Eligible Wallets Skrice Studios, the development company behind Heroes of Mavia, has announced an airdrop for 100,000 eligible players

By Web3 Station 07 Feb 2024
MicroStrategy Purchases $37.2 Million Worth of Bitcoin in January 2024

Big Cap

MicroStrategy Purchases $37.2 Million Worth of Bitcoin in January 2024

MicroStrategy's Bitcoin investment portfolio now holds a total of 190,000 Bitcoins, valued at up to $8.17 billion. MicroStrategy has purchased $37.2 million worth of Bitcoin in January 2024. Image: Decrypt As confirmed by Chairman Michael Saylor, MicroStrategy allocated $37.2 million to acquire an additional

By Web3 Station 06 Feb 2024
SEC Delays Decision on Invesco's Ethereum Spot ETF Proposal

Big Cap

SEC Delays Decision on Invesco's Ethereum Spot ETF Proposal

Not just Invesco, the U.S. Securities and Exchange Commission (SEC) has postponed the decision on Ethereum Spot ETF proposals from other Wall Street giants since last December. SEC Delays Decision on Invesco's Ethereum Spot ETF Proposal. Image: Blockworks In an announcement early on February 7, the U.

By Web3 Station 06 Feb 2024
AI Protocol Bittensor (TAO) Surges Over 90% in Past 2 Weeks

Big Cap

AI Protocol Bittensor (TAO) Surges Over 90% in Past 2 Weeks

Bittensor's machine learning protocol is demonstrating exceptional growth as its token TAO has surged more than 90%, reaching a market capitalization of $3 billion USD over the past two weeks. AI Protocol Bittensor (TAO) Surges Over 90% in Past 2 Weeks. Image: Bittensor According to price data from

By Web3 Station 06 Feb 2024
Pyth Network Announces Phase 2 Airdrop for DApps

DeFi

Pyth Network Announces Phase 2 Airdrop for DApps

Pyth Network has recently announced token rewards for 167 decentralized applications (DApps) utilizing its Oracle services. Specifically, 100 million PYTH tokens will be allocated to eligible projects, based on criteria such as transaction volume and the total value of assets attracted. The Pyth Retrospective Airdrop was not just for DeFi

By Web3 Station 06 Feb 2024
Taproot Wizards Successfully Launches First NFT Collection, Raises $13 Million

NFT & GameFi

Taproot Wizards Successfully Launches First NFT Collection, Raises $13 Million

aproot Wizards, leading the trend of Bitcoin Ordinals, has finally successfully launched its first NFT collection, "Quantum Cats," after three delays. the Quantum Cats have sold out! 313 cats sold out within 2 seconds during the public mint! distribution of the cats to wallets is planned for tomorrow,

By Web3 Station 06 Feb 2024
EigenLayer Hits $3 Billion TVL After Second Restaking Limit Increase

Big Cap

EigenLayer Hits $3 Billion TVL After Second Restaking Limit Increase

EigenLayer's liquid restaking platform is temporarily removing old staking limits per protocol. Following its second limit increase for restaking, EigenLayer achieves a cumulative TVL of $3 billion. Photo: Bankless This morning (06/02), EigenLayer has once again raised the ceiling for token deposits into its platform. Henceforth, each

By Web3 Station 05 Feb 2024
Solana Network "Freezes" Again After 1-Year "Lag-Free" Period

Big Cap

Solana Network "Freezes" Again After 1-Year "Lag-Free" Period

Blockchain Solana, after a year without any major technical issues, has once again halted block production. While the technical team investigates the cause, the crypto community shows keen interest in this development. After 1-year "lag-free," Solana network resumes "freeze" In the afternoon of 06/02/2024

By Web3 Station 05 Feb 2024
Hedera Signs $250 Million Deal with Saudi Arabia

Big Cap

Hedera Signs $250 Million Deal with Saudi Arabia

A 5-year partnership agreement aims to develop diverse technology solutions like AI, Blockchain... for companies based in Saudi Arabia. Hedera signs $250 million deal with Saudi Arabia On the evening of 06/02/2024, Hashgraph Association - an independent nonprofit organization focused on advancing the adoption and utilization of the

By Web3 Station 05 Feb 2024
Dymension Faces Mainnet Issues Just Before Token Listing

DeFi

Dymension Faces Mainnet Issues Just Before Token Listing

Shortly after launching its mainnet, Dymension encountered issues with network validation. The problem was shared by the Twitter community on the evening of February 6. Specifically, the network, which had just been initialized, experienced validation issues due to a significant proportion of tokens (up to 35%) being delegated to a

By Web3 Station 05 Feb 2024
Token Unlock Events to Watch in February 2024

Big Cap

Token Unlock Events to Watch in February 2024

There are 27 projects unlocking tokens in the second month of 2024, with a total value exceeding $870 million USD. Notable Token Unlock Events in February 2024. Photo: eHow According to Token Unlocks data, the cryptocurrency industry will witness over $870 million USD worth of tokens being released into the

By Web3 Station 03 Feb 2024
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