Crypto-focused venture capital (VC) firm Paradigm is leading a $225 million funding round into a new layer-1 blockchain network, which is set to compete for market share with Solana and other top networks. Monad Labs completes the funding round, which aims to build a new layer-1 smart contract network with faster speed and lower costs…

Toncoin (TON) flipped Cardano’s ADA token to become the ninth-largest cryptocurrency by market capitalization on April 9. Can Toncoin continue its parabolic rise? TON becomes the ninth-largest cryptocurrency Following a 13% daily price increase, TON rose to $6.65 as of 1:45 pm UTC to reach a $23 billion market capitalization, overtaking the ADA’s $22 billion market…

The chief executive officer of investment firm VanEck says it’s unlikely the United States Securities and Exchange Commission will approve a spot Ether exchange-traded funds in May. In an April 9 interview with CNBC, Jan van Eck said his firm’s spot Ethereum ETF application will “probably be rejected.” He noted that his firm was the first to file…