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ai16z and VVV see double-digit price drops since 'death-trap' perps listings, analyst says

AI tokens ai16z and VVV have drastically declined post-Binance futures launch, raising concerns over market volatility, trading strategies favoring short-term traders, and lack of long-term sustainability.

theblock.co • 06/02/2025 - 16:34 PM

Abu Dhabi-backed VC firm invests $5 million in ZKsync-based crypto exchange GRVT

GRVT, a ZKsync-based crypto exchange, raised $5M to expand its services, with plans for spot and options trading, regulatory approvals, and a token launch this year.

theblock.co • 21/01/2025 - 10:20 AM

MegaETH-based DEX GTE raises $10 million, including $2.5 million via Cobie's Echo

GTE has raised $10 million to build a decentralized exchange on MegaETH, aiming for high performance and low latency, while expanding its team and operations.

theblock.co • 16/01/2025 - 16:00 PM

Synthetix sunsets v3 perps on Arbitrum to focus solely on Base

Synthetix is shifting its Arbitrum perps markets to close-only mode, focusing on Coinbase's Base network and integrating other ecosystem projects.

theblock.co • 10/01/2025 - 07:35 AM

Hyperliquid responds to community concerns over validator issues

Hyper Foundation addressed allegations of validator seat sales and centralization, reaffirming its commitment to decentralization and transparency amid community concerns about closed-source code and system design.

theblock.co • 08/01/2025 - 11:52 AM

Grayscale Research adds six tokens to its 'Top 20' for next quarter

Grayscale Research adds six tokens to its 'Top 20' list, emphasizing potential growth amidst evolving regulatory and technological themes.

theblock.co • 30/12/2024 - 13:54 PM

Hyperliquid sees record outflows following North Korea hack concerns

Hyperliquid experienced significant net outflows after claims of North Korean hackers using its platform. Security concerns were raised, while Hyperliquid denied any exploit or vulnerabilities.

theblock.co • 24/12/2024 - 09:43 AM

The Daily: Bitcoin hits new all-time high, Ripple's RLUSD set to launch, MicroStrategy's latest BTC acquisitions and more

Ripple will launch its U.S. dollar-pegged stablecoin RLUSD on Tuesday, initially available on the XRP Ledger and Ethereum networks. Business intelligence firm and corporate bitcoin holder MicroStrategy has acquired another 15,350 BTC for $1.5 billion, raising its total holdings to 439,000 BTC worth over $46 billion. Aave contributor Marc Zeller has proposed phasing out its decentralized lending services on Polygon’s PoS chain due to perceived risks from Polygon’s recent proposal to use over $1 billion in bridge stablecoins for yield generation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 16/12/2024 - 18:38 PM

DeFi protocol Synthetix acquires leveraged token platform TLX

Synthetix has acquired TLX, enhancing its offerings and growth potential in DeFi by launching leveraged tokens, with plans for a user incentive program in 2025.

theblock.co • 11/12/2024 - 07:09 AM

The Daily: South Korea's short-lived military rule sparks record crypto trading volume and more

South Korea's military rule affected crypto markets, HYPE token's value soared, TRON hit new highs, Celsius CEO pleaded guilty, and the U.S. government moved seized crypto.

theblock.co • 04/12/2024 - 14:01 PM

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