BitMEX co-founder Ben Delo is facing a class-action lawsuit by the exchange’s users following a US federal judge’s decision that Delo played a crucial role in an alleged price manipulation scheme. Last May, Delo, a British national, attempted to dismiss a case in the United States, arguing that American courts did not have the authority … Read more
The team suggesting a contentious modification to SushiSwap’s treasury system is moving forward with their plan, despite strong backlash against it on social media. On March 26, the SushiSwap team suggested a contentious plan for the platform’s governance. This proposal aimed to transform SushiSwap substantially by implementing a “Labs” structure. The goal is to reorganize … Read more
Solana has seen a recent rise in its TVL. It ranks third in the seven-day NFT sales volume ranking. The addition of a Solana [SOL]-based NFT marketplace’s token to major exchanges has caused quite a stir within the Solana community. But, it remains to be seen if this enthusiasm will lead to higher demand for … Read more
Bored & Hungry LA flips its last NFT-themed burger A Los Angeles burger restaurant, which has used a Bored Ape Yacht Club non-fungible token (NFT) as its unique brand identity for the past two years, is now closing its doors and being sold to a Decentralized Autonomous Organization (DAO). In simpler terms, after operating as … Read more
This month, more Ethereum users have been actively utilizing the Base layer-2 network supported by Coinbase than Arbitrum. During the initial nine days of April, approximately 1.48 million new active addresses have been registered on the Base network, just surpassing Arbitrum One’s figure of around 1.43 million active addresses based on data from Growthe pie. … Read more
On Monday, the price of Ether (ETH) increased by 8% in cryptocurrency markets due to heightened enthusiasm on social media and positive expectations among derivatives market participants. In the last 24 hours, Ether’s price has risen by approximately 8%. The peak price for this cryptocurrency was reached on April 9 at $3,722, surpassing Bitcoin (BTC) … Read more