tl;dr
• Ethena Labs and Securitize Launch Converge Blockchain for Institutional DeFi Integration: Ethena Labs and Securitize have introduced Converge, an EVM-compatible layer-1 blockchain aimed at integrating institutional capital with DeFi, featuring permissioned and permissionless applications and secur...
• Ethena Labs and Securitize Launch Converge Blockchain for Institutional DeFi Integration: Ethena Labs and Securitize have introduced Converge, an EVM-compatible layer-1 blockchain aimed at integrating institutional capital with DeFi, featuring permissioned and permissionless applications and secured by ENA token staking.
• Razer Partners with World to Combat AI Bots in Gaming Using Blockchain: Gaming giant Razer is working with World to verify human players in online games using blockchain-based "Razer ID verified by World ID," first launching in the Web3 game Tokyo Beast.
• Ethereum Foundation Adjusts Operations Amid Community Criticism: The Ethereum Foundation is restructuring following criticism over its treasury management and underperformance, appointing Aya Miyaguchi as president and launching the "Silviculture Society" to enhance community involvement.
• Hashdex Expands Crypto Index ETF to Include Seven Altcoins: Hashdex has amended its ETF filing to add Solana, XRP, Cardano, Chainlink, Avalanche, Litecoin, and Uniswap alongside Bitcoin and Ethereum, pending SEC approval.
• Cumberland SG Secures Major Payment Institution License in Singapore: Cumberland SG, a subsidiary of the U.S. crypto trading firm, has received in-principle approval for a Major Payment Institution license from Singapore’s MAS, enabling it to provide regulated digital payment token services.
• Solana Pulls Controversial Ad After Backlash from Crypto Community: Solana deleted its "America is Back—Time to Accelerate" ad following criticism over political messaging and gender diversity remarks, sparking concerns about crypto’s neutrality.
• Bitcoin and Ethereum ETFs Experience $1.7 Billion in Outflows Over Five Weeks: Digital asset investment products saw $1.7 billion in withdrawals, with Bitcoin ETFs losing $980 million and Ethereum ETFs suffering continuous outflows amid struggling market prices.
• Liquidity Exploit Hits Four.Meme on BNB Chain, Raising Security Concerns: Blockchain security firm SlowMist detected an exploit in Four.Meme’s smart contract, allowing attackers to manipulate liquidity pools and steal funds, following a $183,000 exploit in February.
• Bitcoin Whale Places Historic $515M Short Position, Triggering Market Liquidation Frenzy: A Bitcoin whale has built a record-breaking $515M short position on Hyperliquid, leading to $184M in liquidations over 24 hours, with Bitcoin dipping below $83,000.
• Bitcoin ETFs See $274.6M Inflows While Ethereum ETFs Struggle: Bitcoin ETFs recorded their best net inflows since February 4, with $274.6 million invested, while Ethereum ETFs saw their ninth consecutive day of net outflows, totaling $663.2 million.
• Binance Smart Chain Surpasses Solana in DEX Trading Volume: BSC recorded $1.637 billion in 24-hour DEX volume, overtaking Solana by 34%, fueled by meme coin activity and increased ecosystem growth.
• Bitcoin Price Drops 22% as Experts Predict End of Bull Cycle
• Gemini Appoints Former Affirm VP Dan Chen as CFO Amid IPO Rumors as the exchange reportedly consults Goldman Sachs and Citigroup.
• Ripple Doubles RLUSD Stablecoin Supply to $169.69M Market Cap: Ripple minted 28.2 million RLUSD tokens in 24 hours, doubling its supply in two months as the stablecoin expands across Ethereum and the XRP Ledger.
• Bitcoin's Fourth Halving Cycle Fails to Boost Price as Expected: Unlike past halvings, Bitcoin's fourth halving has shown weaker price impact, with analysts attributing the shift to macroeconomic factors and changing institutional capital flows.
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