Binance reaches 200M users with $100B in assets under custody
Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users.
To the best of our knowledge, no other exchange can boast near as many users. However, it bears mention that these figures are self-reported.
In true celebratory fashion, Binance marked the occasion across…
https://cryptoinsight.ae/binance-reaches-200m-users-with-100b-in-assets-under-custody/
Website | Twitter | LinkedIn | Telegram
Binance, the largest cryptocurrency exchange in the world by daily volume, announced on June 8 it had reached 200 million global users.
To the best of our knowledge, no other exchange can boast near as many users. However, it bears mention that these figures are self-reported.
In true celebratory fashion, Binance marked the occasion across…
https://cryptoinsight.ae/binance-reaches-200m-users-with-100b-in-assets-under-custody/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $69,548.77 (0.2%)
Ethereum ~ $3,681.15 (0.2%)
Solana ~ $159.84 (0.4%)
Polkadot ~ $6.45 (0.2%)
Flow ~ $0.7943 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.68 Trillion, a 0.2% change in the last 24 hours
Bitcoin ~ $69,548.77 (0.2%)
Ethereum ~ $3,681.15 (0.2%)
Solana ~ $159.84 (0.4%)
Polkadot ~ $6.45 (0.2%)
Flow ~ $0.7943 (-1.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Base TVL surges to $8B just days after overtaking OP Mainnet
Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet.
L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92…
https://cryptoinsight.ae/base-tvl-surges-to-8b-just-days-after-overtaking-op-mainnet/
Website | Twitter | LinkedIn | Telegram
Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet.
L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92…
https://cryptoinsight.ae/base-tvl-surges-to-8b-just-days-after-overtaking-op-mainnet/
Website | Twitter | LinkedIn | Telegram
Ethereum leaders are stuck in a ‘massive contradiction’ — Wintermute CEO
Ethereum leaders must choose between supporting a capitalist or socialist economic system, but they can’t do both, according to digital assets market maker Wintermute CEO Evgeny Gaevoy.
“You are either building capitalism or planned socialism. I’m sorry, you really can’t have both,” Gaevoy declared in a June 6 post on X, following both Ethereum co-founder…
https://cryptoinsight.ae/ethereum-leaders-are-stuck-in-a-massive-contradiction-wintermute-ceo/
Website | Twitter | LinkedIn | Telegram
Ethereum leaders must choose between supporting a capitalist or socialist economic system, but they can’t do both, according to digital assets market maker Wintermute CEO Evgeny Gaevoy.
“You are either building capitalism or planned socialism. I’m sorry, you really can’t have both,” Gaevoy declared in a June 6 post on X, following both Ethereum co-founder…
https://cryptoinsight.ae/ethereum-leaders-are-stuck-in-a-massive-contradiction-wintermute-ceo/
Website | Twitter | LinkedIn | Telegram
Arbitrum to distribute $215M in ARB tokens for gaming innovation
The Arbitrum Foundation, the team responsible for the Ethereum rollup-based layer-2 network Arbitrum, has committed substantial resources to developing the gaming industry within its ecosystem.
The proposal sets aside 225 million Arbitrum (ARB) tokens valued at approximately $215 million to be distributed over three years through the newly established Gaming Catalyst Program (GCP).
The program…
https://cryptoinsight.ae/arbitrum-to-distribute-215m-in-arb-tokens-for-gaming-innovation/
Website | Twitter | LinkedIn | Telegram
The Arbitrum Foundation, the team responsible for the Ethereum rollup-based layer-2 network Arbitrum, has committed substantial resources to developing the gaming industry within its ecosystem.
The proposal sets aside 225 million Arbitrum (ARB) tokens valued at approximately $215 million to be distributed over three years through the newly established Gaming Catalyst Program (GCP).
The program…
https://cryptoinsight.ae/arbitrum-to-distribute-215m-in-arb-tokens-for-gaming-innovation/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.6 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $67,846.77 (-2.5%)
Ethereum ~ $3,563.03 (-3.3%)
Solana ~ $154.35 (-3.4%)
Polkadot ~ $6.41 (-0.6%)
Flow ~ $0.7688 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.6 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $67,846.77 (-2.5%)
Ethereum ~ $3,563.03 (-3.3%)
Solana ~ $154.35 (-3.4%)
Polkadot ~ $6.41 (-0.6%)
Flow ~ $0.7688 (-3.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Optimism reaches ‘Stage 1’ decentralization, implementing fault proofs
Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs. According to the team, Optimism has now reached “Stage 1” of decentralization, referring to a list of milestones articulated by Ethereum co-founder Vitalik Buterin.
At least four other OP Stack networks will implement the fault proofs “soon,”…
https://cryptoinsight.ae/optimism-reaches-stage-1-decentralization-implementing-fault-proofs/
Website | Twitter | LinkedIn | Telegram
Ethereum layer-2 Optimism has implemented fault proofs into its smart contracts, according to its development team, OP Labs. According to the team, Optimism has now reached “Stage 1” of decentralization, referring to a list of milestones articulated by Ethereum co-founder Vitalik Buterin.
At least four other OP Stack networks will implement the fault proofs “soon,”…
https://cryptoinsight.ae/optimism-reaches-stage-1-decentralization-implementing-fault-proofs/
Website | Twitter | LinkedIn | Telegram
Bitcoin is no ‘silver bullet’ for money’s ethical problems
Fiat money and cryptocurrencies share similar use cases but both come with drawbacks that critics claim make them unethical to use.
Common arguments for Bitcoin being unethical include its impact on the environment through high electricity costs from mining, along with potential use by criminal elements, and the lack of regulation and user protections.
Conversely,…
https://cryptoinsight.ae/bitcoin-is-no-silver-bullet-for-moneys-ethical-problems/
Website | Twitter | LinkedIn | Telegram
Fiat money and cryptocurrencies share similar use cases but both come with drawbacks that critics claim make them unethical to use.
Common arguments for Bitcoin being unethical include its impact on the environment through high electricity costs from mining, along with potential use by criminal elements, and the lack of regulation and user protections.
Conversely,…
https://cryptoinsight.ae/bitcoin-is-no-silver-bullet-for-moneys-ethical-problems/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.57 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $67,313.20 (-0.9%)
Ethereum ~ $3,511.78 (-1.5%)
Solana ~ $150.52 (-2.5%)
Polkadot ~ $6.40 (-0.5%)
Flow ~ $0.7579 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.57 Trillion, a -1.0% change in the last 24 hours
Bitcoin ~ $67,313.20 (-0.9%)
Ethereum ~ $3,511.78 (-1.5%)
Solana ~ $150.52 (-2.5%)
Polkadot ~ $6.40 (-0.5%)
Flow ~ $0.7579 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Polygon launches $720M Community Treasury for blockchain grants
Polygon has launched a $720 million Community Treasury dedicated to supporting blockchain projects over the next 10 years.
The initiative promises to support developers within the Polygon and Ethereum ecosystems.
The $720 billion fund will allocate an initial 35 million Polygon tokens (worth roughly $25 million) for the Community Grants Program (CGP) first season.
The…
https://cryptoinsight.ae/polygon-launches-720m-community-treasury-for-blockchain-grants/
Website | Twitter | LinkedIn | Telegram
Polygon has launched a $720 million Community Treasury dedicated to supporting blockchain projects over the next 10 years.
The initiative promises to support developers within the Polygon and Ethereum ecosystems.
The $720 billion fund will allocate an initial 35 million Polygon tokens (worth roughly $25 million) for the Community Grants Program (CGP) first season.
The…
https://cryptoinsight.ae/polygon-launches-720m-community-treasury-for-blockchain-grants/
Website | Twitter | LinkedIn | Telegram
ZkSync says 695K wallets eligible for next week’s ZK token airdrop
Ethereum zero-knowledge (ZK) layer-2 scaler zkSync has launched its self-titled token, zkSync (ZK), and plans to airdrop nearly 3.68 billion of them “next week.”
The project said on June 11 that starting next week, it will airdrop 17.5% of the token’s total supply of 21 billion to the 695,232 eligible wallets — with the rest…
https://cryptoinsight.ae/zksync-says-695k-wallets-eligible-for-next-weeks-zk-token-airdrop/
Website | Twitter | LinkedIn | Telegram
Ethereum zero-knowledge (ZK) layer-2 scaler zkSync has launched its self-titled token, zkSync (ZK), and plans to airdrop nearly 3.68 billion of them “next week.”
The project said on June 11 that starting next week, it will airdrop 17.5% of the token’s total supply of 21 billion to the 695,232 eligible wallets — with the rest…
https://cryptoinsight.ae/zksync-says-695k-wallets-eligible-for-next-weeks-zk-token-airdrop/
Website | Twitter | LinkedIn | Telegram
Ethereum’s next upgrade: Prague-Electra (Pectra)
What is the Ethereum Prague-Electra (Pectra) upgrade?
Ethereum’s Pectra upgrade combines two separate upgrades: the Prague upgrade and the Electra upgrade.
The Prague upgrade is focused on changes to the network’s execution layer, with the Electra upgrade impacting the consensus layer. These upgrades, when combined, are collectively referred to as the “Pectra” upgrade.
The Pectra…
https://cryptoinsight.ae/ethereums-next-upgrade-prague-electra-pectra/
Website | Twitter | LinkedIn | Telegram
What is the Ethereum Prague-Electra (Pectra) upgrade?
Ethereum’s Pectra upgrade combines two separate upgrades: the Prague upgrade and the Electra upgrade.
The Prague upgrade is focused on changes to the network’s execution layer, with the Electra upgrade impacting the consensus layer. These upgrades, when combined, are collectively referred to as the “Pectra” upgrade.
The Pectra…
https://cryptoinsight.ae/ethereums-next-upgrade-prague-electra-pectra/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.58 Trillion, a 0.5% change in the last 24 hours
Bitcoin ~ $67,453.45 (0.2%)
Ethereum ~ $3,500.33 (-0.3%)
Solana ~ $151.89 (0.9%)
Polkadot ~ $6.56 (2.5%)
Flow ~ $0.7539 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.58 Trillion, a 0.5% change in the last 24 hours
Bitcoin ~ $67,453.45 (0.2%)
Ethereum ~ $3,500.33 (-0.3%)
Solana ~ $151.89 (0.9%)
Polkadot ~ $6.56 (2.5%)
Flow ~ $0.7539 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
TON is paving a path to the future for crypto
The road of tech giants embracing blockchain is littered with failures. Just look at Meta, which abandoned plans to launch the Diem stablecoin after three messy years and an almighty backlash.
But there are bright spots — and projects showing a lot more promise. The Open Network (TON) — formerly known as Telegram Open Network…
https://cryptoinsight.ae/ton-is-paving-a-path-to-the-future-for-crypto/
Website | Twitter | LinkedIn | Telegram
The road of tech giants embracing blockchain is littered with failures. Just look at Meta, which abandoned plans to launch the Diem stablecoin after three messy years and an almighty backlash.
But there are bright spots — and projects showing a lot more promise. The Open Network (TON) — formerly known as Telegram Open Network…
https://cryptoinsight.ae/ton-is-paving-a-path-to-the-future-for-crypto/
Website | Twitter | LinkedIn | Telegram
OKX investigates multimillion account thefts after SIM swap attacks
The OKX cryptocurrency exchange and security partner SlowMist are investigating a multi-million dollar exploit that resulted in two stolen user accounts.
The investigation pertains to the theft of two OKX exchange accounts on June 9 through an SMS attack, also known as a SIM swap. This information was reported by Yu Xian, founder of SlowMist,…
https://cryptoinsight.ae/okx-investigates-multimillion-account-thefts-after-sim-swap-attacks/
Website | Twitter | LinkedIn | Telegram
The OKX cryptocurrency exchange and security partner SlowMist are investigating a multi-million dollar exploit that resulted in two stolen user accounts.
The investigation pertains to the theft of two OKX exchange accounts on June 9 through an SMS attack, also known as a SIM swap. This information was reported by Yu Xian, founder of SlowMist,…
https://cryptoinsight.ae/okx-investigates-multimillion-account-thefts-after-sim-swap-attacks/
Website | Twitter | LinkedIn | Telegram
Bitcoin Runes outperforms BRC-20 in onchain activity
While Bitcoin takes up the lion’s share of its blockchain network on most days, a clear winner has emerged from the bandwidth war between the Bitcoin standards — Ordinals, BRC-20 and Runes.
Onchain activity is a good indicator of real-time market demand and overall community interest. Since its launch on April 20, Runes, a standard…
https://cryptoinsight.ae/bitcoin-runes-outperforms-brc-20-in-onchain-activity/
Website | Twitter | LinkedIn | Telegram
While Bitcoin takes up the lion’s share of its blockchain network on most days, a clear winner has emerged from the bandwidth war between the Bitcoin standards — Ordinals, BRC-20 and Runes.
Onchain activity is a good indicator of real-time market demand and overall community interest. Since its launch on April 20, Runes, a standard…
https://cryptoinsight.ae/bitcoin-runes-outperforms-brc-20-in-onchain-activity/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.57 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $67,056.92 (-0.5%)
Ethereum ~ $3,518.96 (-0.5%)
Solana ~ $148.17 (-2.5%)
Polkadot ~ $6.41 (-2.4%)
Flow ~ $0.7414 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.57 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $67,056.92 (-0.5%)
Ethereum ~ $3,518.96 (-0.5%)
Solana ~ $148.17 (-2.5%)
Polkadot ~ $6.41 (-2.4%)
Flow ~ $0.7414 (-1.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Holograph fell 80% in 9 hours after exploiter mints 1B additional HLG
Blockchain tokenization platform Holograph’s native token fell as much as 79.4% after a malicious actor hacked the protocol’s operator contract and minted 1 billion HLG tokens worth $14.4 million.
Holograph’s X account confirmed the hack on June 14. It revealed that it has since patched up the initial exploit and is working with cryptocurrency exchange…
https://cryptoinsight.ae/holograph-fell-80-in-9-hours-after-exploiter-mints-1b-additional-hlg/
Website | Twitter | LinkedIn | Telegram
Blockchain tokenization platform Holograph’s native token fell as much as 79.4% after a malicious actor hacked the protocol’s operator contract and minted 1 billion HLG tokens worth $14.4 million.
Holograph’s X account confirmed the hack on June 14. It revealed that it has since patched up the initial exploit and is working with cryptocurrency exchange…
https://cryptoinsight.ae/holograph-fell-80-in-9-hours-after-exploiter-mints-1b-additional-hlg/
Website | Twitter | LinkedIn | Telegram
Memecoins are a ‘cornerstone’ of crypto — Galaxy’s Novogratz
Galaxy Digital CEO Michael Novogratz has reiterated his support for memecoins, calling it a “cornerstone” of the cryptocurrency industry in a post on X.
Not everyone agrees, though, with many still labeling them as just “silly casino chips.”
“So people are making fortunes and there are two ways to make fortunes in memecoin investing,” Novogratz…
https://cryptoinsight.ae/memecoins-are-a-cornerstone-of-crypto-galaxys-novogratz/
Website | Twitter | LinkedIn | Telegram
Galaxy Digital CEO Michael Novogratz has reiterated his support for memecoins, calling it a “cornerstone” of the cryptocurrency industry in a post on X.
Not everyone agrees, though, with many still labeling them as just “silly casino chips.”
“So people are making fortunes and there are two ways to make fortunes in memecoin investing,” Novogratz…
https://cryptoinsight.ae/memecoins-are-a-cornerstone-of-crypto-galaxys-novogratz/
Website | Twitter | LinkedIn | Telegram
Zero-knowledge Manta Network launches $50M ecosystem fund
Manta Network, the layer-2 modular network for zero-knowledge applications, has established a $50 million ecosystem fund through its parent, Manta Foundation, to accelerate project development on its blockchain.
“The $50 million allocation will last for one year starting from June 15th,” Manta wrote. “All applicants who successfully receive our grant or direct investment will fall…
https://cryptoinsight.ae/zero-knowledge-manta-network-launches-50m-ecosystem-fund/
Website | Twitter | LinkedIn | Telegram
Manta Network, the layer-2 modular network for zero-knowledge applications, has established a $50 million ecosystem fund through its parent, Manta Foundation, to accelerate project development on its blockchain.
“The $50 million allocation will last for one year starting from June 15th,” Manta wrote. “All applicants who successfully receive our grant or direct investment will fall…
https://cryptoinsight.ae/zero-knowledge-manta-network-launches-50m-ecosystem-fund/
Website | Twitter | LinkedIn | Telegram