Source: CryptoSlate Polkadot’s model mirrors Ethereum layer-2 Optimism’s Retroactive public goods funding (RetroPGF) mechanism. The Polkadot community has approved the Optimistic Project Funding proposal to support projects that enhance the blockchain network’s ecosystem. The proposal received unanimous approval, backed by over 55 million DOT tokens. Optimistic Project Funding Polkadot aims to attract top developers by… Continue reading Polkadot community greenlights continuous funding for ecosystem innovators
Category: Market News
U.S. Credit Unions Adopt Tokenization of Real World Assets
Source: Cryptonews Traditional banks may still dominate the financial industry in terms of assets held, but credit unions are becoming an increasingly popular option for Americans who qualify. Recent data shows that there are roughly 4,600 credit unions in the United States. A September 2023 report from The National Credit Union Administration (NCUA) further notes… Continue reading U.S. Credit Unions Adopt Tokenization of Real World Assets
U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support
Source: CoinDesk The House’s passage of the digital assets legislation passes the crypto baton to the Senate, where odds remain low for decisive action. The U.S. House vote goes 279-136 to approve the Financial Innovation and Technology for the 21st Century Act with a very strong showing from House Democrats. The passage of the crypto… Continue reading U.S. House Approves Crypto FIT21 Bill With Wave of Democratic Support
RWA Layer 2 Plume Network raises $10 million seed round led by Haun Ventures
Source: The Block Quick Take Plume Network has raised $10 million in seed funding from Haun Ventures, Galaxy Ventures and others. The RWA-focused Layer 2 network aims to tokenize assets beyond just securities. Plume Network, a modular Layer 2 network focused on bringing real-world assets (RWAs) on-chain, has raised $10 million in a seed funding… Continue reading RWA Layer 2 Plume Network raises $10 million seed round led by Haun Ventures
SEC approves rule change to allow creation of ether ETFs
Source: CNBC Key points The decision comes less than six months after the SEC approved bitcoin ETFs. Those funds have proven to be a big success for the industry, with net inflows already surpassing $12 billion, according to FactSet. Ether ETFs are expected to be smaller, at least initially, than their bitcoin counterparts. The SEC… Continue reading SEC approves rule change to allow creation of ether ETFs
Defi giant Retik Finance (RETIK) starts trading on Uniswap and multiple exchanges
Source: The Economic Times Synopsis Retik Finance (RETIK) offers innovative solutions in the DeFi space, including crypto cards, payment gateway, P2P lending, and a secure wallet. Its presale raised $32 million, and the trading debut on May 21st is eagerly awaited. The decentralised finance (DeFi) space has been witnessing remarkable growth in recent years, with… Continue reading Defi giant Retik Finance (RETIK) starts trading on Uniswap and multiple exchanges
Venture capital funding in crypto rises to $2.4 billion: PitchBook
Source: The Economic Times Synopsis Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Global venture capital investments dropped to a near five-year low in the same period. Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three… Continue reading Venture capital funding in crypto rises to $2.4 billion: PitchBook
Deep Forest celebrates Grammy anniversary with exclusive Itheum Music Data NFT collection
Source: Cointelegraph Music Data NFTs are transforming artist control and audience interaction by allowing musicians to update, manage and distribute their music directly through blockchain technology. Itheum Protocol technology was utilized to launch a limited edition Music Data NFT collection commemorating Deep Forest’s 30th Grammy anniversary with unique music NFTs, including exclusive content and personalized… Continue reading Deep Forest celebrates Grammy anniversary with exclusive Itheum Music Data NFT collection
Farmsent to enhance smart farming with Nuklai AI tools as peaq raises $35M amid token launch
Source: Cryptoslate Nuklai and peaq partnership aims to disrupt DePIN ecosystems with AI and data monetization, starting with the agricultural marketplace Farmsent. Nuklai, an on-chain smart data platform, and peaq, a layer-1 blockchain for decentralized physical infrastructure networks (DePINs), have announced an integration aimed at enhancing AI and data monetization tools for DePINs, starting with… Continue reading Farmsent to enhance smart farming with Nuklai AI tools as peaq raises $35M amid token launch
Standard Chartered Leverages DLT for First Euro Cross-Border Transactions on Partior
Source: Fintech News Hong Kong Standard Chartered announced that it had completed the first Euro-denominated cross-border transactions between Hong Kong and Singapore. This milestone makes it the first Euro settlement bank to go live on Partior, the global unified ledger for clearing and settlement. This initiative is part of Standard Chartered’s ongoing efforts to integrate… Continue reading Standard Chartered Leverages DLT for First Euro Cross-Border Transactions on Partior
