Author Archives: Cryptoslate

New court filings reveal that Alameda had $65 billion in artificial credit with FTX. Elsewhere, Thailand is establishing rules for crypto exchanges and digital wallet management. These and other stories in today’s CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Jan. 17 saw court proceedings reveal that Alameda Research had a $65 billion[Read more…]

Immutable X exclusive games raised around $300 million, while Immutable X-based multichain games collected over $600 million in 2022. Immutable X (IMX) games raised the most significant amount in Web3 funding in 2022, according to a recent report by Delphi Digital. Immutable X exclusive games and Immutable X-based multi-chain games received roughly $300 million and over $600[Read more…]

Solana market cap temporarily flipped Polygon following its significant price recovery — SOL sights set on re-entering top 10. Solana (SOL) seeks to move back into the top 10 cryptocurrencies after temporarily flipping Polygon market cap on Jan. 14. Sentiment surrounding SOL has swiftly shifted from bearish — in light of developers leaving Solana — to bullish as SOL price rose[Read more…]

Bitcoin has broken $21,000. According to Coingecko data, BTC was valued at $21,083 at 12:59 a.m. UTC on Jan. 14. Its market cap was $403 billion. That change represents a 12% increase in 24 hours. Data also shows that $245 million of shorts have been liquidated over the past 24 hours, while $255 million of[Read more…]

Former Celsius CEO Alex Mashinsky has been sued by the New York Attorney General’s office. Elsewhere, Polygon has proposed a hard fork to reduce gas fees. This and more in today’s CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Jan. 13 saw Celsius’ former CEO face a NYAG lawsuit as the company announced[Read more…]

Ethereum (ETH) Layer-2 network Polygon (MATIC) proposed a hard fork on Jan. 17 to reduce gas spikes and address chain reorganizations by changing the BaseFeeChangeDenominator, according to a Jan. 12 statement. Polygon gas spike reduction Although Polygon boasts better scalability and cheaper fees than Ethereum, it is not immune to gas spikes during network congestion. The[Read more…]

CryptoSlate data shows that Lido’s native token is up by over 17% in the last 24 hours to $1.16 as of press time. Ethereum (ETH) staking protocol Lido (LDO) is now the dominant DeFi protocol based on the total value of assets locked (TVL) in its ecosystem, according to DeFillama data. Lido’s TVL overtook that of[Read more…]

Ethereum-related languages dominate the top three largest smart contract languages by TVL. Programming language compiler Cairo is now the third largest smart contract language by total value locked (TVL), according to DeFiLlama data. As of Dec. 26, Cairo has a TVL of $418.23 million. In comparison, the programming language of layer1 blockchain networks like Solana’s (SOL)[Read more…]

Leading Solana NFT marketplace Magic Eden recently announced plans to deploy on Polygon as part of its multichain strategy. Once integrated, Magic Eden will be available on three different blockchains, with Ethereum making up the other offering. A Magic Eden blog post explained the team is “open to all the possibilities that innovation brings.” When tied with the overall[Read more…]

Crypto.com CEO Kris Marszalek dismisses rumors of insolvency as exchange sees massive outflow, Retail investors withdraw over 72,900 BTC off exchanges following FTX fall out, and much more in this edition of CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Nov. 14 includes Crypto.com CEO saying his exchange accidentally transferred 320,000 ETH to[Read more…]