The artificial intelligence (AI) token market has been on a remarkable upswing over the last few months, with things reaching a fever pitch last month as trading volumes and market valuations skyrocketed across many exchanges. Data from the crypto platform Bitget revealed that the dedicated AI token zone witnessed an astonishing 400% surge in trading volume throughout February alone, reaching a…

Ethereum’s layer 2 scaling networks will hit a $1 trillion market capitalization in six years and will be made up of thousands of use case-specific chains, according to analysts from investment manager Van Eck. Layer-2 blockchains are set to capitalize on Ethereum’s “primary challenge” — its “limited capacity to process, store, and compute data,” Van…

As Web3 space continues to evolve and expand, gaming has become a natural addition to what blockchain and its user-centric approach can improve. The gaming world met with decentralized finance (DeFi), and a new term — GameFi — was born. Web3 gaming has become an instant hit because it offers players an opportunity to earn real-world value…

Crypto industry analysts are calling the current Bitcoin halving cycle the “weirdest” bull market on record, following a premature Bitcoin all-time high and a massive rush into memecoins. On April 1, Chainlink community liaison Zach Rynes aka ‘ChainLinkGod’ said “this bull market has been weird” in a post to his 171,000 followers on X. Historically,…

US Security and Exchange Commission Commissioner Hester Peirce has taken another swipe at her agency, criticizing the regulator’s guidance on crypto custody while calling for more interaction with the public. Speaking at the annual SEC Speaks Conference on April 2, Peirce — also known by crypto enthusiasts as ‘Crypto Mom’ — said that a “particularly pernicious weed”…

Ethereum layer 2 Base has seen an 18-fold increase in cryptocurrency funds stolen from phishing scams in March compared to January figures, recent data shows. Approximately $3.35 million was stolen from phishing scammers on Base in March alone, according to blockchain anti-scam platform Scam Sniffer. It marks a 334% month-on-month increase from February’s tally of $773,900 and a massive…

Some Web3 startups are turning to accelerator programs as crypto enters a new bull market and investors look to get involved in the Accelerator programs offer mentorship and guidance in return for early equity. For example, United States-based Y Combinator counts several crypto firms, such as Coinbase and OpenSea, among its alumni. On March 26, Andreessen…

Polygon CEO Marc Boiron has riled up debate on X over the weekend after arguing that layer-3 networks aren’t necessary to scale Ethereum and exist only to rob the mainnet of value. On April 1, the Polygon CEO said that Polygon Labs, a layer-2 scaling network for Ethereum, does not work on layer 3s because…

The entity behind layer-1 blockchain Tron has asked a New York federal court to dismiss a United States Securities and Exchange Commission lawsuit against it, arguing the U.S. regulator targeting “predominantly foreign conduct.” “The SEC is not a worldwide regulator,” and its effort to apply U.S. security laws to “predominantly foreign conduct” goes “too far,”…

Roman Storm, co-founder of cryptocurrency mixer Tornado Cash, has filed a motion to dismiss all three charges against him, alleging he operated a money laundering business and violated the International Emergency Economic Powers Act. “By no stretch can Mr. Storm be deemed to have conspired to launder funds,” Storm’s lawyers stated in a March 29 filing to…