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Arch Labs raised $7 million in a seed round from Multicoin Capital, OKX Ventures and others.The project is building a Bitcoin-native application platform to bring “bridgeless” trading directly to the Bitcoin blockchain.
Ripple and XRPL Labs joined Hedera developer Swirlds Labs and the Algorand Foundation as founding members of the Decentralized Recovery (DeRec) Alliance. DeRec Alliance aims to standardize and expedite how digital assets can be recovered in the web3 industry, especially for crypto non-experts.
Bitcoin refuses to budge after the latest U.S. macro data, but a six-figure BTC price is waiting the wings, analysis claims.
Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry.
Bitcoin’s volatility persists after the halving, but surging ETF inflows and thriving L2 ecosystem growth fuel long-term optimism.
Bitcoin prices are struggling to stay above the $61,000 mark, according to The Block’s Price Page.On Thursday, the Bank of England kept borrowing costs at their 16-year high but signaled it would cut rates this summer if inflation stayed low.
Robinhood's cryptocurrency trading volume in the first quarter increased by 224% year-on-year, with net profit rising to $157 million; Puffer Finance announced that its mainnet has officially launched; Musk's xAI, under his umbrella, is expected to complete financing this week at a valuation of $18 billion.
- 10:43In December 2024, the combined spot and derivatives trading volume of CEX reached a record high of 11.3 trillion US dollarsAccording to Cryptonews, the latest market report from CCData shows that by December 2024, the total trading volume of spot and derivatives on centralized cryptocurrency exchanges (CEX) reached $11.3 trillion (up 7.58%), setting a new historical high. The trading volume of crypto derivatives also surged significantly, increasing by 7.33% to reach $7.58 trillion, setting a new monthly high for derivative trading volumes. CCData pointed out that liquidation volumes have soared as traders try to profit from market volatility. The trading frenzy in December coincided with Bitcoin's historic rise; on December 5th, Bitcoin broke through the $100,000 mark for the first time and reached its peak at $108,249 on December 17th. Pierre Rochard, Vice President of Research at Riot Platforms stated that this surge marks a significant reversal after two consecutive years of declining trade volumes since 2021. During the bull market period in 2021, Bitcoin's trading volume peaked at $47 trillion but then fell sharply over subsequent years.
- 10:29Sonic Labs Releases Details of S Token Airdrop ProgramOn January 15, Sonic Labs (formerly Fantom) released the details of the S token airdrop plan. Users can obtain points through three ways: The first category is passive points, which users can obtain by holding whitelisted assets in Web3 wallets (such as Rabby, MetaMask and hardware wallets), but centralized exchange holdings are not counted; The second category is activity points, which are obtained by providing whitelisted assets as liquidity in participating projects; The third category is DApps points, where developers can compete for allocations called "Sonic Gems" and distribute S tokens to users through a custom points plan. The project party emphasized that the first two types of points have nothing to do with the specific applications used, and users can increase their income by finding applications with the best points plan. Among them, scUSD and scETH are provided by Rings Protocol.
- 10:27A new wallet withdrew 2884 ETH from CEX, equivalent to about 9.57 million US dollarsAccording to Lookonchain monitoring, 30 minutes ago, a newly created wallet withdrew 2884 ETH (9.57 million USD) from CEX.