Day: September 20, 2024

Drift Raises $25M for Solana DeFi Expansion

Drift, a decentralized finance (DeFi) platform, has secured $25 million in Series B funding to expand its Solana-based exchange. The funding round was led by Multicoin Capital, with participation from Blockchain Capital, Folius Ventures, Maelstrom, and Primitive, according to an announcement on X. Let’s understand how Drift’s series B funding contributes to Solana DeFi Expansion! […]

Frankendancer Launches on Solana Mainnet

Jump Crypto, a Web3 infrastructure developer, has reached a significant milestone with the launch of an early version of its Firedancer Solana validator client, dubbed “Frankendancer,” on the Solana mainnet. This development aims to address Solana’s scaling challenges and enhance the network’s performance. Frankendancer Goes Live During his keynote speech at the Solana Breakpoint event […]

Louisiana Embraces Cryptocurrency Payments

The government of Louisiana has officially begun accepting cryptocurrency payments. Making it the latest U.S. state to embrace digital currencies for state services. This move opens up new possibilities for residents. Providing them with more flexibility in how they pay for state services and signaling the state’s commitment to technological innovation. Let’s understand why Louisiana […]

Catizen’s Airdrop Pass Sparks Backlash

The Telegram game Catizen has announced that its CATI token can now be used to obtain an Airdrop Pass, granting tickets to future airdrops. This news comes alongside the launch and initial airdrop of the CATI token on The Open Network (TON). While the move aims to create a sustainable economic model. It has stirred […]

Terraform’s Collapse Sparks Global Legal Turmoil

The crypto world watched in disbelief as Terraform Labs’ TerraUSD (UST) and Luna (LUNA) tokens collapsed in May 2022, erasing billions in market value overnight. The fallout from this event has been monumental, leading to extensive legal challenges and a significant loss of investor confidence. Let’s understand how Terraform’s collapse sparks Global legal turmoil! The […]