SushiSwap, a decentralized exchange, has received approval to potentially adopt a more centralized business structure, despite controversy surrounding this decision. Based on the results of a vote held on April 10, over 62% of the voters favored the proposal for the exchange to adopt a model referred to as the ‘labs model.’ On March 26, … Read more
The price of Bitcoin (BTC) decreased by 0.5% when the stock market opened on Wall Street on April 10. This reaction came after the release of the US Consumer Price Index data, which showed an unexpected increase. Federal Reserve’s June rate cut likely gone after today’s CPI print Based on the information from CryptoMoon Markets … Read more
On April 10, Auradine, a tech company focusing on web structure and cryptocurrency mining technology, completed a $80 million Series B investment round successfully. In May 2023, Celesta Capital and Mayfield Fund spearheaded the funding round for the company, with participation from Marathon Digital and earlier investors. More investors, including StepStone Group, Top Tier Capital … Read more
Polygon introduced zkEVM amid initial criticism Despite setbacks, MATIC may be in for a potential uptrend Polygon has risen as a key contender, most notably as an leading layer-2 (L2) scaling option for Ethereum. With its sophisticated technology and unwavering commitment to improving Ethereum‘s capacity, Polygon offers multiple solutions including sidechains, zk-rollups, and optimistic roll-ups. … Read more
The court filing in the Southern New York District Court announces a new sentencing date for Ryan Salame, former co-CEO of FTX: May 28. The reason for the change from the initial May 1 sentencing remains undisclosed. Salame was one of the four members of the FTX top management to be charged by the United … Read more
Bitcoin’s Sharpe Ratio was higher than Gold’s and that of other key equity and commodity markets Bitcoin’s 30-day realized volatility in the first week of April was the highest since late 2022 In simpler terms, Bitcoin, the world’s leading cryptocurrency, has given better risk-adjusted returns than standard financial assets despite its reputation for significant price … Read more