After accelerating for weeks, momentum in the Solana ecosystem has finally accomplished the improbable: Transaction volume for decentralized exchanges (DEXs) on the blockchain has finally eclipsed that of exchanges on rival Ethereum, at least in the last week. DEX volume on Solana has soared to $9.03 billion over the last seven days, according to data from Defi Llama. In that…
Decrypt and Rug Radio Merge to Create Global Web3 Publishing Company Decrypt and Rug Radio have announced their intent to merge, creating the world’s biggest decentralized publishing company. Codenamed [REDACTED], the alliance is aimed at revolutionizing tech-media, bringing together the forces of content creation and consumption. Source: https://decrypt.co/videos/live-events/VTEBYFD8/decrypt-and-rug-radio-merge-to-create-global-web3-publishing-company
Approximately $1.4 billion worth of assets—digital and otherwise—have been frozen by Teneo, the firm handling the liquidation of crypto hedge fund Three Arrows Capital. The freeze stops 3AC co-founders Su Zhu and Kyle Davies, along with Davies’ wife, Kelly Chen, from accessing the funds in question. “The worldwide freezing order has been sought in connection with claims that are being…
MidJourney has just announced its newest AI image generator model, the V6 base model, in the crowded race to rule the realm of digital creativity. Rolling out for alpha testing today, the development team says V6 features enhanced prompt accuracy, improved coherence, and—for the first time in MidJourney’s evolution— text generation capabilities. Announced in an official Discord post, V6 is…
The Solana Saga smartphone has been given a shot in the arm thanks to airdrop buzz. The rising price of leading Solana meme coin BONK helped juice the value of a token airdrop for holders, prompting a frenzy to snatch up the last units—and now the Saga is sold out. Solana Labs says it is weighing potential future moves in…
South Korean game publisher Wemade has launched a $100 million Web3 fund with Singapore-based investment firm Whampoa Digital, Wemade announced Friday. The two companies have established the Wemade Web3 Fund to invest in blockchain gaming projects, primarily in the Middle East region. The fund was established with the goal of helping to accelerate blockchain adoption, according to the announcement. Wemade…
A prominent Bitcoin Core developer and Ordinals critic, Luke Dashjr, may have had a change of heart about the NFT-like assets. Or at the very least, his company is moving beyond his own hardline stance around Ordinals. On Thursday, Ocean—the company behind the mining pool of the same name—said that miners can now decide if they want to process Bitcoin…
A UK judge has ordered Craig Wright, the self-proclaimed Bitcoin inventor, to prove that he is the nearly mythical and pseudonymous Satoshi Nakamoto, according to a pre-trial review order issued on Wednesday. The ruling, which includes other stipulations, stems from the court case Wright, Wright International & Others v. BTC Core & Others. The Bitcoin Legal Defense Fund is supporting…
Ethereum (ETH) has continued its steady climb of the last couple days, jumping 4% in 24 hours. The second-largest cryptocurrency is now trading for $2,324, according to CoinGecko. Among the latest news: Ethereum core developers yesterday solidified plans to roll out DenCun—the next upgrade for the network—on testnets beginning in January. This next round of updates will introduce proto-danksharding and…
Over a week after hackers attacked Sony’s PlayStation studio Insomniac Games, obtaining and then releasing a vast trove of confidential and sensitive information after demanding millions of dollars in Bitcoin, Insomniac issued a public statement on the “extremely distressing” ransom attack Friday. “We’re both saddened and angered about the recent criminal cyberattack on our studio and the emotional toll it’s…
