Author: Crypto Insider

Solana-based protocol Cardinal has raised $4.4 million in seed funding. The project aims to improve the utility of NFTs via additional use cases like rentals. Cardinal, an infrastructure protocol based on the Solana blockchain, has raised $4.4 million in a seed funding round, aiming to use funds to improve the utility of non-fungible tokens (NFTs)….

Crypto exchange KuCoin has announced its investment from trading firm Susquehanna International Group (SIG) of around $10 million, with plans to collaborate in blockchain startup incubation and KCS & KCC ecosystem building.  According to a press release by KuCoin, it will use the funds to upgrade platform infrastructure and enrich the product lineup, preparing for…

On July 21, SushiSwap launched its crosschain DEX (decentralized exchange) XSwap. The protocol called the new feature the “first-ever” automated market maker (AMM) exchange enabling cross-chain swaps. SushiSwap (SUSHI) is trying to reverse its declining market share by enabling cross-chain swaps across seven major blockchains. According to an official blog post, XSwap allows traders to…

Coinbase is on the verge of losing its dominance in the crypto market. Uniswap, one of the biggest decentralized exchanges, is almost surpassing Coinbase’s trading volume, as the recent data shows. Meanwhile, Binance has overtaken Coinbase in Bitcoin balances. According to a report by Kaiko, the market share of trading volumes for Uniswap against Coinbase…

Crypto exchange FTX, co-founded by billionaire Sam Bankman-Fried, is reportedly looking into raising a new round of capital after its recent spending spree added new digital assets marketplaces to the fold. FTX and FTX US are both raising fresh capital, people familiar with the matter who aren’t authorized to discuss ongoing discussions told Bloomberg on…

OpenSea, the most popular NFT marketplace, announced rolling out the Solana launchpad to allow creators to host a new mint from beginning to end on the NFT marketplace. The launch is part of OpenSea’s plans for a “multi-chain future” to enable access to NFTs across different blockchains. According to its blog post, OpenSea will guide…