Immutable, Web3 Gaming Platform, Launches zkEVM Testnet in Bid to Diversify Infrastructure

Immutable, a web3 gaming platform, announced today that it is commencing public testing of a new layer-2 blockchain, Immutable zkEVM, in a bid to reduce dependence on a single network infrastructure. The zkEVM is a zero-knowledge (ZK) rollup, a scaling feature aimed at reducing gas fees and increasing transactions, that is compatible with the Ethereum … Read more

HBAR Rallies on FedNow Addition of Hedera-Based Dropp

Hedera Hashgraph’s HBAR token has surged over 15% after the U.S. Federal Reserve’s instant payments platform FedNow added “Dropp,” a Hedera-based micropayments platform, as a service provider. Dropp is a pay-by-bank alternative to credit card payments which allows merchants to accept small-value purchases digitally without large transaction fees, according to FedNow’s press release. Dropp allows … Read more

Neal Stephenson’s Metaverse Vision Is One Step Closer as Lamina1 Blockchain Launches Betanet

Metaverse focused blockchain Lamina1 has launched its betanet and Hub for developers and creators. Lamina1 CEO Rebecca Barkin told CoinDesk that they are “not far” from mainnet launch and aiming to put out a product that can be used more broadly and publicly by early next year. Lamina1, the metaverse-focused layer-1 blockchain co-founded by science-fiction … Read more

Bitcoin Rallies Keep Getting Quickly Sold — What’s Up?

After a quick surge to start the year resulted in a near doubling of its price, bitcoin (BTC) has traded mostly in a tight range for the past few months, struggling to hold above $30,000 for a sustained period of time. Since April, and in particular since mid-June, bitcoin’s has reversed abruptly anytime it has … Read more

Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis

Aave token holders started voting today for two governance proposals in response to the systemic liquidation risk posed by Curve founder Michael Egorov’s large borrowing position on the lending protocol. Authored by on-chain risk management platform Chaos Labs, the two proposals aim to disable the borrowing of CRV – the native governance token for stablecoin … Read more

Bitcoin Spot ETF Approval Could Help Power up a New Crypto Cycle: Bernstein

Crypto exchange-traded-funds (ETFs) add capital to the market not just by creating demand in the spot market, but the market signal of regulatory approval of these products produces a growth flywheel for retail and other institutional flows that are seeking legitimacy, broker Bernstein said in a report Monday. “With the interest of leading global asset … Read more

First Mover Americas: Hedera’s Token Gains on Fed Move

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Hedera Hashgraph’s HBAR token took the lead among major cryptocurrencies on Monday with a gain of 15% over the last 24 hours, after … Read more

BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up

The mysterious developer behind bald (BALD), one of the most viral tokens in recent months, yesterday transferred some $12 million in ether (ETH) back to the Ethereum network – weeks after bald ran up to an $80 million capitalization before some actions caused prices to plunge 90%. Data cited by analytics firm Lookonchain shows the … Read more

Donald Trump Holds Up to $500K in Crypto

Former U.S. president Donald Trump holds up to $500,000 in an Ethereum wallet, a recently released filing with the U.S. Office of Government Ethics revealed. Trump, who is running for the oval office again in 2024, has been a long standing crypto skeptic. However, he released a collection of non-fungible token (NFT) cards last year … Read more