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UMA Implements MEV Solution for Oracles

DeFi

UMA Implements MEV Solution for Oracles

UMA has announced the launch of Oval, a solution designed to help DeFi projects capture additional value from Oracle Extractable Value (OEV), a concept similar to MEV but specific to data updates from oracles like Chainlink. MEV, or Miner Extractable Value, refers to the profit that miners or validators can

By Web3 Station 23 Jan 2024
Magic Eden NFT Platform Decentralizes to Non-Fungible DAO, Unveils Token

NFT & GameFi

Magic Eden NFT Platform Decentralizes to Non-Fungible DAO, Unveils Token

Magic Eden NFT Platform Decentralizes to Non-Fungible DAO, Unveils Token (Image: The Block) In a surprising move, NFT platform Magic Eden has announced plans to decentralize its operations, open-sourcing all technology and transferring transaction protocols and NFT issuance to another organization. This organization, named Non-Fungible DAO, is a decentralized community-driven

By Web3 Station 23 Jan 2024
Arkham "Exposes" Wallets Holding Bitcoin for 4 Spot ETFs

Big Cap

Arkham "Exposes" Wallets Holding Bitcoin for 4 Spot ETFs

Continuing their series of wallet disclosures, Arkham Intelligence has identified the addresses of Bitcoin wallets associated with the spot ETFs of major players Blackrock, Fidelity, Bitwise, and Franklin Templeton. Arkham "Exposes" Wallets Holding Bitcoin for 4 Spot ETFs. Photo: Quora On January 23rd, at midday, Arkham Intelligence, a

By Web3 Station 22 Jan 2024
[Update] OKB Crashes 50% in Value, OKX Commits to Compensation for Losses Harry - 23/01/2024

Big Cap

[Update] OKB Crashes 50% in Value, OKX Commits to Compensation for Losses Harry - 23/01/2024

The OKB token of the OKX exchange unexpectedly lost 50% of its value between 16:00 - 16:10 with no clear reason, causing a stir within the community. OKX Coin Plunges 50% in Value Update: After nearly 5 hours of investigation, OKX's China branch has explained the

By Web3 Station 22 Jan 2024
NFT Marketplace Tabi Launches Blockchain Game on Cosmos

NFT & GameFi

NFT Marketplace Tabi Launches Blockchain Game on Cosmos

NFT trading platform Tabi (formerly Treasureland) has announced the launch of Tabi Chain, a blockchain game built on Cosmos with EVM compatibility. NFT Marketplace Tabi Launches Blockchain Game on Cosmos In a recent announcement, Tabi revealed that Tabi Chain will introduce a testnet in February this year. The project is

By Web3 Station 22 Jan 2024
Nethermind Client Software Error Affects Ethereum Validators

DeFi

Nethermind Client Software Error Affects Ethereum Validators

In the early hours of January 22, the Execution Client software of Nethermind encountered an error, causing numerous Ethereum validators to malfunction. The issue was identified and reported by the community on social media platform X to the software provider, Nethermind. The problem stemmed from the consensus mechanism of the

By Web3 Station 21 Jan 2024
Trump Releases NFTs on Bitcoin Ordinals

NFT & GameFi

Trump Releases NFTs on Bitcoin Ordinals

Former President Donald Trump has announced the release of a new series of NFTs based on the Bitcoin Ordinals protocol, following the sale of his "mugshot" NFTs to previous buyers. Trump Releases NFTs on Bitcoin Ordinals Twitter account X, specializing in the sale of NFTs by former US

By Web3 Station 19 Jan 2024
Bitcoin Falls to $40,700 as Grayscale's GBTC Conversion Pressure Persists

Big Cap

Bitcoin Falls to $40,700 as Grayscale's GBTC Conversion Pressure Persists

Despite surpassing $14 billion in trading volume, Bitcoin spot ETFs are facing significant conversion demands from Grayscale. Chart: 1-hour BTC/USDT on Binance as of 07:15 AM, January 19, 2024 Late on January 18 and early January 19, the Bitcoin market witnessed a new correction, pushing BTC down to

By Web3 Station 18 Jan 2024
Layer-2 Public Goods Network (PGN) to Cease Operations

DeFi

Layer-2 Public Goods Network (PGN) to Cease Operations

The Layer-2 Public Goods Network (PGN), backed by Gitcoin, will gradually shut down all activities and officially dissolve the chain by mid-2024. Public Goods Network, a scaling solution for Ethereum supported by Gitcoin, is in the process of winding down its operations and will officially close its network by mid-2024.

By Web3 Station 18 Jan 2024
Polygon CDK Toolkit Integrates Data Availability Solution from NEAR DA

DeFi

Polygon CDK Toolkit Integrates Data Availability Solution from NEAR DA

The Polygon CDK Layer-2 development toolkit has recently announced the integration of the Data Availability (DA) solution from NEAR DA. Both Near Foundation and Polygon Labs have officially announced the integration on their respective homepages. NEAR's Data Availability layer has integrated with @0xPolygonLabs' CDK for developers building

By Web3 Station 18 Jan 2024
BNB Chain Completes 26th BNB Burn, Removing Over $636 Million

Big Cap

BNB Chain Completes 26th BNB Burn, Removing Over $636 Million

BNB Chain has completed its 26th quarterly BNB burn, permanently removing over $636 million worth of BNB from circulation. BNB Chain Completes 26th BNB Burn, Removing Over $636 Million. Image: Coin68 The BNB Foundation, operating within the ecosystem of the world's largest cryptocurrency exchange Binance, has announced an

By Web3 Station 17 Jan 2024
Conflux (CFX) Builds Layer-2 Solution for Bitcoin, EVM Compatibility

Big Cap

Conflux (CFX) Builds Layer-2 Solution for Bitcoin, EVM Compatibility

Conflux Network (CFX), a layer-1 blockchain, has announced its latest initiative: a layer-2 solution for Bitcoin that supports Ethereum Virtual Machine (EVM) compatibility. On the evening of January 18, Conflux revealed plans for a new layer-2 solution aimed at Bitcoin, enabling compatibility with Ethereum's EVM. The testnet for

By Web3 Station 17 Jan 2024
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