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Arbitrum Leads the Wave of Layer-2 Growth: TVL Surpasses $10 Billion, ARB Price Hits ATH

Big Cap

Arbitrum Leads the Wave of Layer-2 Growth: TVL Surpasses $10 Billion, ARB Price Hits ATH

The Layer-2 network Arbitrum One is demonstrating strong growth, becoming the first L2 project to surpass $10 billion in Total Value Locked (TVL). The price of ARB also recently hit an all-time high (ATH) of $1.94 after a steady climb over nearly a month. Arbitrum Leads the Wave of

By Web3 Station 02 Feb 2024
EigenDA Provides Data Availability Solution for Arbitrum Orbit Toolkit

DeFi

EigenDA Provides Data Availability Solution for Arbitrum Orbit Toolkit

Following a partnership announcement on the morning of February 3, projects using the Arbitrum Orbit toolkit will soon benefit from EigenDA's Data Availability service. EigenDA announced this collaboration on its official X account on the evening of February 2. Big news... 🥁 EigenDA now works with @arbitrum Orbit! 🛰️ Thanks

By Web3 Station 02 Feb 2024
Animoca Brands Joins $8 Million Seed Funding Round for Pixelmon NFT Project "Disaster"

NFT & GameFi

Animoca Brands Joins $8 Million Seed Funding Round for Pixelmon NFT Project "Disaster"

Pixelmon, a controversial NFT project from the past, announces an $8 million Seed funding round. Animoca Brands Joins $8 Million Seed Funding Round for Pixelmon NFT Project "Disaster"(Image: 9Minecraft) The NFT game Pixelmon, previously criticized and dubbed a "disaster" for its perceived poor quality, appears

By Web3 Station 02 Feb 2024
Delegate Partners with LayerZero to Launch Multichain Web3 Domain Solution

DeFi

Delegate Partners with LayerZero to Launch Multichain Web3 Domain Solution

Delegate has recently partnered with LayerZero to launch a blockchain domain solution called Clusters. Web3 domain solutions, such as ENS, are well-known to users, typically storing data exclusively on the Ethereum blockchain and using it as the sole verification pointer. However, Delegate's new solution, Clusters, aims to extend

By Web3 Station 01 Feb 2024
Puffer Finance Becomes Top 4 Liquid Restaking Platform by TVL Within 24 Hours of Launch

DeFi

Puffer Finance Becomes Top 4 Liquid Restaking Platform by TVL Within 24 Hours of Launch

Puffer Finance, a project recently announced to have received investment from Binance Labs, has quickly risen to become the fourth-largest liquid restaking platform by Total Value Locked (TVL) within just 24 hours of its launch. As the "liquid staking" market becomes increasingly dominated by major players, the industry

By Web3 Station 01 Feb 2024
Fed Maintains Interest Rates for Fourth Consecutive Time, Bitcoin Prices Plummet Again

Big Cap

Fed Maintains Interest Rates for Fourth Consecutive Time, Bitcoin Prices Plummet Again

The Federal Reserve (Fed) has decided to keep its benchmark interest rates unchanged in its fourth consecutive policy meeting, aligning with market expectations. Fed Maintains Interest Rates, Bitcoin Prices Plunge Again Early morning on February 1st (Vietnam time), the Federal Open Market Committee (FOMC), responsible for setting Fed's

By Web3 Station 31 Jan 2024
Jupiter (JUP) Surges Following Massive Airdrop for Solana Users

DeFi

Jupiter (JUP) Surges Following Massive Airdrop for Solana Users

DEX platform Jupiter has reportedly conducted the largest airdrop in Solana's history, resulting in the JUP token's price exceeding expectations and rising to approximately $0.75. After the airdrop and listing on a centralized exchange (CEX) last night (January 31), the JUP token, initially trading around

By Web3 Station 31 Jan 2024
Global X Withdraws from Bitcoin Spot ETF Race

Big Cap

Global X Withdraws from Bitcoin Spot ETF Race

Global X has withdrawn its application for a Bitcoin spot ETF, following a submission to the U.S. Securities and Exchange Commission (SEC) on January 30. Global X withdraws from Bitcoin spot ETF race. Photo: U Today Global X filed for a Bitcoin spot ETF back in August last year.

By Web3 Station 30 Jan 2024
Ethereum Completes Dencun Upgrade on Sepolia Testnet

Big Cap

Ethereum Completes Dencun Upgrade on Sepolia Testnet

The Dencun upgrade has been deployed on 2 out of 3 test networks, gearing up for its impending mainnet release. Ethereum has successfully implemented the Dencun upgrade on the Sepolia testnet early on January 31 at 5:21 AM. This marks the second successful testnet deployment following Goerli on January

By Web3 Station 30 Jan 2024
Chris Larsen, Ripple Co-Founder, Hacked for $112.5 Million

Big Cap

Chris Larsen, Ripple Co-Founder, Hacked for $112.5 Million

On the evening of January 31, the Twitter community reported that Ripple had been hacked, resulting in an estimated loss of $112.5 million. Ripple (XRP) Hacked for $112.5 Million Update: Ripple co-founder Chris Larsen subsequently acknowledged that "a few" personal accounts were compromised by malicious actors,

By Web3 Station 30 Jan 2024
Tether Reports $6.2 Billion Profit in 2023

Big Cap

Tether Reports $6.2 Billion Profit in 2023

The latest financial report from Tether indicates it was one of the most profitable companies in the cryptocurrency sector in 2023. Tether Achieves $6.2 Billion Profit in 2023. Image: Financial Times On the evening of January 31, 2024, Tether (USDT), the stablecoin issuer, released its financial report for Q4

By Web3 Station 30 Jan 2024
Magic Eden Launches Multi-Chain Wallet Compatible with 4 Blockchains

NFT & GameFi

Magic Eden Launches Multi-Chain Wallet Compatible with 4 Blockchains

Magic Eden Launches Multi-Chain Wallet Compatible with 4 Blockchains (Image: NFT News Today) NFT marketplace Magic Eden has officially launched a multi-chain wallet supporting 4 different blockchains: Solana, Bitcoin, Polygon, and Ethereum, following a two-month beta run since late last year. Monday. pic.twitter.com/npXjnSB6ZR — Magic Eden 🪄 (@MagicEden) January

By Web3 Station 30 Jan 2024
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