The partnership aims broaden ADGM’s blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and projects. The Abu Dhabi Global Market (ADGM) has signed a Memorandum of Understanding (MOU) with the Solana Foundation to drive the adoption of Distributed Ledger Technology (DLT) solutions and propel blockchain innovation, according to a Feb. 7 press…
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In Brief Ethereum staking hits a significant milestone with 25% of the total ETH supply, approximately 30 million ETH, now staked. Total staked ETH is valued at around $73 billion, with 940,563 validators securing the Ethereum network. The Ethereum supply has decreased by 344,960 since the Merge resulting in a supply deflation of almost $840…
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In Brief Brand identity in DeFi, resting on clear value proposition, strong visual identity, and resonant brand voice, is crucial. PancakeSwap’s approachable branding and community engagement set it apart in the competitive DeFi market sector. Education, clear communication, and strategic partnerships are essential for DeFi platforms to navigate the market. In decentralized finance (DeFi), where…
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In Brief MicroStrategy purchased 850 Bitcoins worth $37.2 million in January, bringing its total to 190,000 Bitcoins valued at $5.93 billion. Despite Bitcoin investments, MicroStrategy’s total revenue has declined by 6% year-over-year. Saylor highlighted the significance of the SEC’s approval of the spot Bitcoin ETFs in December 2023. Throughout the month of January, Michael Saylor’s…
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In Brief Crypto analyst Miles Deutscher identifies top-performing crypto tokens resisting the market trend amid volatility. Solana remains resilient despite recent network issues, according to Deutscher’s analysis. JUP, Jupiter exchange’s native token, gained substantial hype pre-launch, with potential for future airdrops. Crypto analyst Miles Deutscher declares the choppy market faced by the crypto industry…
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In Brief Over 200 million XRP tokens were stolen from Ripple’s co-founder and sold across exchanges, leading to a significant sell-off. Kaiko’s analysis showed a net sell-off of nearly 100 million XRP, mainly on Binance and OKX, after the cybersecurity breach. Ripple’s challenges compounded with the SEC’s legal victory demanding financial disclosures, potentially affecting XRP’s…
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In Brief The metaverse is defining a new era of internet evolution through digital property rights, enabling true ownership of digital assets. Initiatives are debunking myths about digital immersion by promoting physical activity, illustrating the impact beyond virtual realms. The growing economy of the metaverse, as seen by a $1.64 trillion crypto market cap, is…
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In Brief Vitalik Buterin, Ethereum co-founder, optimistic about enduring success of decentralized social network Farcaster. Buterin aligns blockchain gaming perspective with crypto social industry, highlighting their similarities. Decentralized social media apps gain traction as privacy concerns rise, providing alternative to centralized networks like Facebook. Vitalik Buterin, co-founder of Ethereum, expresses optimism about the decentralized social…
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In Brief Today in the UK High Court, Craig Wright, who claims to be Bitcoin’s creator, presents his case for validation. Since 2016, Wright asserts his association with Bitcoin without presenting substantial evidence to support his claims. The COPA is demanding Wright show more evidence after he offered a settlement to the organization last week.…
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In Brief Federal Reserve officials will comment on last week’s interest rate decision, potentially impacting crypto markets. Key economic events include the release of S&P Services PMI, ISM non-manufacturing PMI data, and jobless claims data. Investors await Fed’s insight on how recent economic data will affect future interest-rate decisions, next one due on March 20.…
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