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NFT & DEFI
Multichain team cannot locate CEO, halts service for affected chains
Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol’s leadership may have been arrested in China amid ongoing technical issues. “The team has done…
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Tenet Bonds With LayerZero to Push LSD Omnichain Adoption
Tenet is a layer-1 network that’s focused predominantly on the expansion of use cases related to liquid staking derivatives (LSDs).
According to a press release shared with CryptoPotato, Tenet has forged a partnership…
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Binance to Support Bitcoin Ordinals in its NTF Marketplace
Leading cryptocurrency exchange Binance announced plans to add support for Bitcoin Ordinals in its NFT marketplace in the coming weeks.
According to a statement sent to CryptoPotato, Binance NFT will integrate Bitcoin…
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Binance Continues NFT Foray, Launches New Loan Feature
The world’s leading cryptocurrency exchange – Binance – is launching a new NFT loan feature. It is designed to enable users to borrow cryptocurrency, using their non-fungible tokens as collateral.
Binance continues its…
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Hong Kong Police Force launch new metaverse platform, ‘CyberDefender’
The cybersecurity unit of the Hong Kong Police Force has launched CyberDefender, a new metaverse platform designed to educate the public about the potential dangers associated with Web3 and the metaverse.According to a May 27 statement,…
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MakerDAO proposal seeks to hike DAI savings rate to 3.33%
The community of Ethereum-based decentralized finance (DeFi) protocol MakerDAO will soon vote on a proposal to increase its Dai (DAI) stablecoin’s savings rate (DSR) to 3.33%. If it goes through, the move is tipped to have broader…
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Multichain Token Crashes Over 20% Amid Reports of Users’ Funds Being Stuck
Users of the cross-chain router protocol Multichain have been reportedly experiencing delays in receiving their funds following an upgrade.
There have also been rumors about the arrest of the Multichain team, which is…
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Bitcoin Ordinals Inscription Exceeds 5M After Doubling in a Week: Data
Ordinal inscriptions are on fire. Users are continuously flooding the Bitcoin network with images, video games, and other content.
There are now more than 5 million inscriptions. Over the past seven days, the total…
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Uniswap Surpasses $1.5T Trading Volume: Data
The crypto market significantly improved this year, but volatility persisted. Despite this, Uniswap managed to maintain its dominance over the decentralized market.
In fact, it remains one of the largest decentralized…
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Bitcoin Frogs Best Selling NFT for 24-Hrs as BTC Catches Pepe Mania
The ordinals are coming in dank this week. Bitcoin Frogs was the #1 selling NFT collection for the 24-hour period on Wednesday. Frogs sales outpaced Bored Apes Yacht Club, CryptoPunks, and other popular collections for…
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