The venture capital company is reportedly considering spearheading a fundraising campaign to raise $250 million to revive FTX. Tribe Capital, the San Francisco-based venture capital firm that previously invested in FTX before its collapse, is exploring the possibility of injecting new capital to revive the bankrupt cryptocurrency exchange, Bloomberg reported on April 18. The venture capital firm…

SOL price recently rallied by 30%, but on-chain data suggests that the network’s growth challenges could restrict Solana’s upside. Solana saw two positive developments this week with the launch of the Saga Android-based smartphone powered by the Solana blockchain and the retail trading debut of Grayscale Solana Trust shares. The developments, along with bullishness in the…

Companies that have already acquired licenses from the country’s financial free zones are exempted from the requirement of registering with the regulator. The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country. The…

Locked paywalls and high fees are defining characteristics of traditional academic research. DeSci can lower the barriers to access. Academia and science are both in the throes of a crisis, marked by several inefficiencies directly impacting our scientific prowess and research capabilities. The subject of stagnation within universities and academic institutions is taboo, and there…

A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level. Glassnode’s latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019. The report shows that the Long-Term Holder (LTH) supply is just shy…

The milestone was accomplished less than one month after a much-anticipated airdrop. According to statistics compiled by user Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on April 17. Aside from individual addresses, there are now more than four million active accounts in the…

The market capitalization of Tether is nearly a billion dollars away from reaching a new lifetime peak while rival stablecoins struggle. Tether has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the United States. On April 17, the U.S. dollar-pegged stablecoin’s circulating market valuation reached nearly $81 billion, just 1.5% below…

A proposal to deploy the third version of lending protocol Aave has recently passed a “temperate check” with an overwhelming favorable majority. A “temperature check” proposal to deploy the decentralized exchange (DEX) Aave on the zkSync Era Mainnet has passed with overwhelming support from the Aave community. When voting closed on April 16 more than 99%…

Since the Shapella hard fork on April 12, Ether has seen a price gain of nearly 10%. Over 1 million Ether worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months. The 1.03 million…

Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says. Blockchain technology needs a benchmark communications standard that can be easily integrated by every network in order for a complete transition from Web2 to Web3 to occur, industry commentators say. Many expect there will be multiple…