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MegaETH Admits ‘Sloppy Execution,’ Vows to Return Pre-Launch Funds

MegaETH announced that it will return all funds deposited into its Pre-Deposit Bridge. The Ethereum Layer 2 scaling solution reversed a pre-launch campaign intended to preload collateral for USDm, the native stablecoin of the network’s upcoming Frontier mainnet. The team said the execution of the event “was sloppy,” while noting that user expectations around an […]

Europe’s Largest Asset Manager Launches Tokenized Fund on Ethereum

Amundi has launched Europe’s first tokenized share of a money market fund (AMUNDI FUNDS CASH EUR), making it available through both traditional and blockchain-based distribution, according to an announcement on Thursday. The fund uses distributed ledger technology and the public Ethereum blockchain “to ensure transparent record-keeping of fund units and traceability of transactions,” technology partner […]

Ethereum’s Vitalik Buterin Drops 256 ETH to Boost Next-Gen Encrypted Messaging

Ethereum co-founder Vitalik Buterin said end-to-end encrypted messaging is essential for protecting digital privacy, identifying permissionless account creation and metadata privacy as the next major priorities for the sector. He pointed to Session and SimpleX as two projects working on these areas and disclosed that he has donated 128 ETH to each of them. Major […]

Whales Are Leaning Into Ethereum (ETH) and Cardano (ADA): Retail Is Lagging Behind

Whales are increasingly favoring long positions over retail traders in Ethereum (ETH) and Cardano (ADA), Alphractal found after gauging the Whale vs Retail Delta, a metric that measures net leveraged positioning between large and small investors. A positive delta indicates that whales are aggressively buying and leaning into longs, while a negative delta typically reflects […]

Attention, Pioneers: Pi Network Drops Major Update to Boost Gaming Experience (Details)

The Core Team announced that it had taken a major step toward expanding its real-world utility by notching a strategic partnership and investment deal with CiDi Games. The latter is a gaming platform focused on building Pi-integrated titles for tens of millions of Pi Network users, often referred to as Pioneers. Gaming Experience to Grow? […]

BlackRock’s IBIT Gets ‘Mag 7’ Treatment as Nasdaq Pushes for Massive Options Limit Increase

The Nasdaq International Securities Exchange filed with the SEC on Wednesday to quadruple position limits for options on BlackRock’s spot Bitcoin exchange-traded fund (IBIT). The exchange is raising the options limit fourfold, from 250,000 contracts to 1 million contracts. Crypto industry author Adam Livingston called it “incredibly bullish news” for Bitcoin, adding: “This is the transition […]