More than $100 billion has been raised for cryptocurrency startups since the end of May 2014. Looking back, there have been highs and lows amid regulatory uncertainty and market volatility. But the past four years have seen both the ceiling and floor raised despite continuing peaks and troughs. Data sourced from TVL aggregator DefiLlama shows that as…

The Ethereum ecosystem’s combined transactions per second (TPS) has exploded to a new all-time high, thanks to a sudden TPS spike in a relatively unknown Ethereum layer 3. L2BEAT data shows that the Ethereum scaling networks, including layer-2 and layer-3 blockchains, registered a combined 246.18 TPS on June 16, which equates to an estimated 21.2 million transactions…

Ethereum zero-knowledge layer-2 scaling platform zkSync has continued to defend criticism over the criteria for its zkSync (ZK) token airdrop, slated to launch on June 17. In a frequently asked questions (FAQ) document updated on June 15, ZK Nation answered 15 questions mostly aimed at explaining why some groups were eligible for the token while others weren’t. One of its longer…

Ethereum co-founder Vitalik Buterin has endorsed the new Token for Image Tokenizer (TiTok) compression method for its potential blockchain application. Not to be confused with the social media platform TikTok, the new TiTok compression method significantly reduces image size, making it more practical for storage on the blockchain. Buterin highlighted TiTok’s blockchain potential on the decentralized social…

Major financial institutions on Wall Street should be held responsible for bankrolling the emissions-heavy Bitcoin mining industry, according to a new report by Greenpeace USA. The report, titled “Bankrolling Bitcoin Pollution: How Big Finance Supports a New Climate Threat” from the environment-focused nongovernment organization (NGO), differs from previous Greenpeace papers on the Bitcoin mining industry. In…

Ether’s price is trading 15% below the multi-year high of $4,091, reached on March 21. The second-largest cryptocurrency by market capitalization has been on a downtrend, losing 7.5% of its value over the last seven days. Despite this performance, analysts believe that Ether still remains one of the altcoins displaying the most upside potential at the moment….

Manta Network, the layer-2 modular network for zero-knowledge applications, has established a $50 million ecosystem fund through its parent, Manta Foundation, to accelerate project development on its blockchain. “The $50 million allocation will last for one year starting from June 15th,” Manta wrote. “All applicants who successfully receive our grant or direct investment will fall under…

Galaxy Digital CEO Michael Novogratz has reiterated his support for memecoins, calling it a “cornerstone” of the cryptocurrency industry in a post on X. Not everyone agrees, though, with many still labeling them as just “silly casino chips.” “So people are making fortunes and there are two ways to make fortunes in memecoin investing,” Novogratz…

Blockchain tokenization platform Holograph’s native token fell as much as 79.4% after a malicious actor hacked the protocol’s operator contract and minted 1 billion HLG tokens worth $14.4 million. Holograph’s X account confirmed the hack on June 14. It revealed that it has since patched up the initial exploit and is working with cryptocurrency exchange partners to…

While Bitcoin takes up the lion’s share of its blockchain network on most days, a clear winner has emerged from the bandwidth war between the Bitcoin standards — Ordinals, BRC-20 and Runes. Onchain activity is a good indicator of real-time market demand and overall community interest. Since its launch on April 20, Runes, a standard…