Author: Crypto Insider

LayerZero Labs has officially announced that the sybil self-reporting phase of its solution to address sybil activity, or “airdrop farming,” is over. According to LayerZero, addresses that meet the criteria will receive 15% of their anticipated token allocation, while the remaining 85% will be redistributed to eligible users. Following the review, a total of 803,093 addresses…

Despite unfavorable odds from several crypto analysts and the broader crypto community regarding the approval of spot Ether exchange-traded funds (ETF) by the United States Securities and Exchange Commission (SEC), some analysts suggest that “there is room for surprise.” “If by some chance the SEC decides to approve then so many will be caught severely…

Tether’s USDT, the world’s largest stablecoin, has minted another $1 billion, bringing its market capitalization above $110 billion, which could catalyze Bitcoin’s next move to new all-time highs. Will more USDT boost Bitcoin’s price? Tether’s treasury has minted $1 billion worth of USDT during the past 24 hours, bringing its yearly total to $31 billion. The…

Bitcoin layer-2 developer Alex Labs has successfully frozen more than $3.9 million worth of crypto that was exploited from its BNB Smart Chain bridge, according to the team’s May 16 social media post. According to the post, the attacker sent the funds to several different centralized exchanges (CEXs), which allowed them to be frozen with the…

Blockchain gaming saw investments totaling $988 million in the month of April, the highest since January 2021. The number of daily unique active wallets also reached a record-setting 2.9 million for blockchain gaming. DappRadar, in partnership with the Blockchain Gaming Alliance, released its April blockchain gaming report on 17 May. The banner month for the…

Venture funding for crypto startups peaked at $1 billion in April, marking the second consecutive month above that pivotal mark this year with 161 investment rounds, indicating investors’ renewed interest amid the bull market. Key trends catching venture firms’ attention include decentralized infrastructure, solutions for institutional adoption, and the ‘tokenization of everything,’ aa told by…