As Bitcoin Falls, Investors Flock to Solana and Newcomer Retik
Amidst Bitcoin’s decline, investors are moving capital into Solana for its scalable blockchain and Retik Finance for its novel DeFi ecosystem.
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Ethereum Upgrade Inches Closer With Final Feb Timeline
Ethereum devs set tentative February testnet upgrade dates, marking key steps towards March’s long-awaited dank sharding launch aiming to supercharge network speed and slash costs.
Altcoins Surge 10%+ As Bitcoin Shrugs Off GBTC Outflows
Altcoins saw double-digit gains, with tokens like 1000SATS and Conflux up 21% and 15% respectively, as Bitcoin held over $41k despite Grayscale GBTC fund outflows.
CZ’s Overseas Travel Bid Denied Despite Binance Equity Offer
Binance founder CZ’s request to travel to the UAE was denied by a federal judge despite his offer to pledge $4.5B in Binance equity, highlighting legal challenges faced by crypto figures.
Solana NFT Sales Surpass Bitcoin Volume
Solana’s weekly NFT sales volume exceeded $62 million, surpassing Bitcoin’s volume and showcasing Solana’s momentum in the NFT space as it competes with Ethereum.
U.S. Court to Sell Over $131 Million in Seized Silk Road Bitcoin
The U.S. District Court of Maryland has announced plans to liquidate over $131 million worth of Bitcoin seized during the takedown of the infamous online black market Silk Road.
New Token Extensions Bring Enterprise to Solana
Solana has introduced “token extensions” that add advanced features comparable to Ethereum’s ERC-20 tokens, catering to builders across payments, stablecoins, real-world assets, and more while simplifying compliance.
Crypto Bank Sygnum Raises $41M
Swiss cryptocurrency bank Sygnum has raised $41 million in new funding to support expansion into additional European and Asian markets and pursue acquisition opportunities, demonstrating enduring investor interest in regulated crypto financial services despite the 2022 downturn.
Bitwise Bitcoin ETF Breaks New Transparency Ground
Bitwise Asset Management has published the on-chain Bitcoin addresses holding the reserves of its Bitcoin ETF (BITB), becoming the first among the 11 approved Bitcoin ETFs to enable direct verification of holdings on the blockchain and set a new standard for transparency in the rapidly maturing Bitcoin fund market.
Bridging Web2 and Web3 Gaming
Major esports company Chronic Gaming has partnered with the blockchain game Kiraverse. The collaboration aims to make crypto and web3 gaming more accessible to mainstream competitive gamers.