Sam Bankman-Fried denies Huobi deal
FTX CEO Sam Bankman-Fried denied reports that he helped Tron founder Justin Sun acquire crypto exchange Huobi Global. Reporter Wu Blockchain published the report alleging that Sun acquired the exchange. Wu Blockhain said that Justin Sun was a core investor in About Capital Management, which has a majority stake in...
NEAR Foundation announces new fund
The NEAR Foundation has announced a $100 million venture capital fund in partnership with Caerus Ventures. The fund focuses on the Web3 niche and aims to foster innovation. The NEAR protocol has jumped by over 8% in the past 24 hours. The NEAR Foundation has announced a $100 million venture...
IOTA Risks Running Out of Cash and Falling by the Wayside - Weiss 15
Quick take: The team at Weiss Ratings has warned that the IOTA project risks running out of cash.  Furthermore, Weiss believes there is no use case of IOTA’s Tangle network.  With crypto communities ditching projects, IOTA (MIOTA) could fall by the wayside.  The team at Weiss Ratings has provided an...
Multichain
Summary: On-chain data showed that multichain transactions on Polygon, Avalanche, zkSync Era, and Kava networks resumed on Monday. Cross-chain services across 11 chains remain suspended as the team announced last month. Users first reported abnormal activity and stuck transactions on May 21, prompting exits from investors and ecosystem stakeholders in...
Celsius
CEL holders are attempting to fight off short positions and pull off a short squeeze. The token has rallied to $1.89 at the publishing, spiking noticeably over the past few days. A Canadian regulator is also reportedly investigating the company. There is more drama ensuing regarding Celsius Network as holders...
Solana Tweet Volume Increases as Crypto Users Seek Lower Gas Fees 16
Tweet volume surrounding Solana has increased as crypto users seek lower gas fees Solana’s tweet volume has continued to rise despite the implementation of Ethereum’s Berlin fork The cumulative trade volume on Solana in 2021 has reached $40 Billion Solana (SOL) has printed what looks like a bull-flag on the...
Bitcoin Breaks Its Longest-Ever 9-Week Red Streak 19
Bitcoin ended a 9-week run of opening at a lower value than the week before. The asset is now valued at roughly $31,400 and faces resistance at $34,000. Bitcoin believers continue to believe in the fundamentals of the asset, as proven by strong inflows into Bitcoin ETPs. Bitcoin is tantalizingly...
Polygon crypto
Polygon has set aside $100 million for a new blockchain system called Supernets. Supernets will make it easy for developers to develop applications with robust customizability and low costs. The $100 million will go towards encouraging development on Supernets. The Polygon project has announced a budget of $100 million towards...