Gitcoin, an open source funding platform, announced a strategic shift from funding public goods to focusing on grant infrastructure for the Ethereum ecosystem. The goal of this reorganization is to strengthen technology development within Ethereum and move from a flat organizational structure to a more defined “Labs” model to increase efficiency and direction. Gitcoin, a platform known for funding open source software, is undergoing a significant strategic restructuring to focus on providing subsidies specifically for the Ethereum ecosystem. This turning point marks a shift away from the original emphasis on financing public goods and towards a more technology-oriented approach to…
Author: Crypto Flexs
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On Tuesday, the Solana blockchain suffered a significant disruption when it experienced an outage that halted block production for 4 hours and 46 minutes. This service outage is not the first for Solana, which is known for its high throughput and speed but has also come under scrutiny for its operational stability. Validators had to initiate a restart using updated software provided by Solana Labs, incorporating critical patches to address the underlying issues. The Solana Foundation has not yet released a comprehensive report detailing the cause of the outage. But insight shared A comment by Matthew Sigel, head of digital…
Oobit, a mobile cryptocurrency payment app, has closed a $25 million Series A funding round led by Tether, CMCC Global, Anatoly Yakovenko, and 468 Capital. Oobit, a mobile cryptocurrency payment app, successfully closed its Series A funding round, raising $25 million. This massive injection of funds is being led by Tether, the world’s largest stablecoin issuer. market capitalization, with notable contributions from CMCC Global’s Titan Fund, 468 Capital and Solana co-founder Anatoly Yakovenko. This round of funding marks a pivotal moment in Oobit’s journey, bringing the total capital raised by the company to $33 million, considering its previous $8 million…
To prevent this, Eigenlayer, an Ethereum Layer 2 protocol that allows you to “re-stake” staked Ether (ETH) to provide security to other blockchains, temporarily lifts the initially set limit and then sets the TVL (total fixed value) has almost doubled. Prevents networks from becoming too centralized.According to data site DeFiLlama, Eigenlayer’s TVL surged from $2.16 billion to $3.84 billion in just 24 hours after the protocol removed limits on certain types of tokens on Monday. This surge was primarily fueled by stETH, a liquid staking token issued by Lido, which accounted for $560 million of new deposits.Eigenlayer introduced limits last…
The Securities and Exchange Commission (SEC) voted to adopt rules that would require market participants with a significant liquidity provider role to comply with federal securities laws.The SEC voted 3-2 to adopt the rulemaking at its meeting Tuesday, and the proposed 194-page form included one mention of cryptocurrencies in a footnote. The 247-page rule adopted Tuesday applies to those trading cryptocurrency assets that meet the definition of securities or government securities, unless they have less than $50 million in assets. According to the rules adopted, these will have implications for decentralized finance. “If an individual’s trading activities in crypto-asset securities,…
StakeEase announced a partnership with KelpDAO. The goal is to take better advantage of the ever-growing re-staking environment. StakeEase and KelpDAO are bringing the power of simplification and democratization to improve the user experience regardless of where their funds are held. Features of the partnership entail one-click staking and gas savings for Klep, an additional layer of rewards. First of all, the basic advantage of one-click staking on Kelp is that users can conveniently access the features and execute them faster. What’s even better is that StakeEase is planning to release StakeEase Mainnet V1 soon. Supports 8 chains, including but…
join us telegram A channel to stay up to date on breaking news coverage The legal saga surrounding Terraform Labs and its founder, Do-Kwon Kwon, recently took a new development when a former Terra development team leader came forward to testify. These developments, reported by South Korean daily Chosun on February 5, mark a significant turn in the ongoing legal drama. At the center of this episode is a witness named ‘Mr. Lee’ who testified against Do Kwon and Terraform Labs co-founder Shin Hyun-seung at the 14th Criminal Division of the Seoul Southern District Court. Lee’s involvement adds a new…
Donald Trump-themed altcoins have experienced a massive rise, capturing the attention of cryptocurrency enthusiasts and political spectators alike. The surge comes as prominent cryptocurrency fund Mechanism Capital announced a strategic investment in the Trump-related meme coin, giving it its first new position in 2024. Donald Trump Meme Coin Steals the Spotlight Cryptocurrency markets have witnessed significant volatility due to several Trump-themed tokens on blockchains such as Ethereum and Solana. In fact, profits of up to 124% were recorded in just 24 hours. This unprecedented surge is largely due to Mechanism Capital’s bullish stance on the asset. Andrew Kang, co-founder of…
XauCoin is a revolutionary new cryptocurrency poised to become the next big investment opportunity. Its unique features and promising potential have captured the attention of industry investors and experts. In this article, we will delve into the secrets of XauCoin and see why it is an investment worth considering. XauCoin Story XauCoin was created by a team of experienced developers and financial experts who sought to solve the shortcomings of existing cryptocurrencies. They aimed to create a digital asset that was not only secure and decentralized, but also backed by physical gold, providing stability and value to its holders. After…
Ethereum price gained traction and rose above $2,350. ETH is currently showing positive signs and may extend its gains to the $2,500 level. Ethereum is gaining bullish momentum above the $2,350 area. The price is trading above $2,320 and the 100-hour simple moving average. On the ETH/USD hourly chart (data feed via Kraken), a breakout occurred above a major rising channel forming resistance near $2,350. The pair may correct lower, but the decline may be limited below the $2,335 support zone. Ethereum price turns green Ethereum price established a base above the $2,220 level and began a significant rise. ETH…