Tokenized commodities, which include energy resources, agricultural products, precious metals and other tangible things, are digital representations of real-world assets.  These assets go through a process known as “tokenization,” in which their ownership rights are converted into blockchain-based cryptographic tokens. Partially owned and accessible, each token usually represents a portion or entirety of the underlying commodity….

LayerZero Labs has unveiled a solution to address sybil activity, also known as “airdrop farming.” The creator of the cross-chain communication protocol introduced a self-reporting mechanism, offering sybil users 15% of their planned token allocation for honesty within a defined 14-day period. LayerZero stated in a May 3 post on X that it believes it’s important for…

Tether has long dominated the stablecoin sector thanks in large part to USDT’s status as the first fiat-backed stablecoin. However, new serious competitors have entered the stablecoin market over the past several years, giving USDT a run for its money. Since 2024, the transaction volume of Circle’s stablecoin, USD Coin, has been on the rise. According…

MicroStrategy executive chair Michael Saylor speculated that the United States Securities and Exchange Commission will deny listing and trading of spot Ether exchange-traded funds. Speaking at MicroStrategy’s Bitcoin For Corporations conference on May 1, Saylor said the SEC would label ETH as a crypto asset security under its regulatory purview and not a commodity under the U.S. Commodity…

Coinbase’s first-quarter earnings report — released May 2 — indicated the company has been thriving thanks to a vibrant market for Bitcoin and Ethereum over the last several months. However, the numbers indicated Base platform has shown even greater potential — and could make Coinbase the NVIDIA of decentralized finance (DeFi). Launched in August 2023, Base is a…

Ethereum restaking protocol EigenLayer is airdropping around 28 million more of its native EIGEN tokens to over 280,000 wallets — just days after its first airdrop announcement. On Monday, EigenLayer announced it would allocate 15% of its total supply to the community, but some users deemed several provisions of its airdrop program as restrictive. In a…