Tag Archives: AA News

Axie Infinity has announced postponing the launch of its much-anticipated play-to-earn game – Origin – after what appears to be the biggest hack in DeFi history. According to the post on substack, Axie Infinity: Origin will go live on the Mavis Hub on April 7th. It was originally slated to launch on March 31st. Axie Infinity: Origin Following the major security breach, Axie stated that the platform needs to reprioritize its efforts and delay the launch date by a week. While...

WisdomTree, a New York-based exchange-traded fund (ETF) sponsor and asset management firm, announced this week the launch of three new crypto ETPs. They will track the performance of Solana (SOL), Cardano (ADA), and Polkadot (DOT). WisdomTree Launches New Crypto ETPs According to the official announcement, the new ETPs dubbed WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW), and WisdomTree Polkadot (DOTW) will give investors exposure to the prices of the underlying crypto...

Lionel Messi, considered by many as the most successful footballer ever, is the latest world-known personality to step into the hot field of fan tokens. The PSG megastar has collaborated with the crypto fan token firm – Socios. Global Ambassador as a New Title for Superstars The Argentinian forward Lionel Messi has signed a contract worth over $20 million with the digital fan token company Socios.com, reported by Reuter, for representing the company as its global ambassador....

In a major push to web3 browsing experience, Opera will now support eight leading blockchain and layer-2 networks, as well as some decentralized apps (dapps). These include Solana, Polygon, StarkEx, Ronin, Celo, Nervos, and IXO.  Opera’s Web3 Push Opera users can access these networks and their various features, including Defi, through Opera’s latest web3 browsing and wallet solutions.  “From now on, users get access to the vast ecosystem of Polygon or Solana dApps or the...

The leading digital marketplace for non-fungible tokens – OpenSea – announced it will start listing NFTs minted on the Solana blockchain. The development will see the light of day in April. OpenSea disclosed the news in a recent post on Twitter. The video, dubbed “The best-kept secret in web3,” shows enthusiastic users who believe Solana’s integration will be “huge.” Others think that the endeavor is a “smart” move, by which the marketplace will catch the blockchain...

The SEC-regulated digital asset management company Wave Financial unveiled – the “Wave ADA Yield Fund” with an initial amount of $100 million. The exec said that the new fund will support the new decentralized exchanges, lending protocols, and stablecoin issuers building on top of Cardano. Wave ADA Yield Fund According to the official blog post, the main aim of the ADA Yield Fund is to provide liquidity and other resources to Cardano’s increasingly growing decentralized...

Sky Mavis – the company behind the popular blockchain game ‘Axie Infinity’ – has promised to reimburse victims after $625 million in crypto was stolen from its underlying blockchain, Ronin. Another Bridge Hack Yesterday, the Ronin network suffered the largest DeFi hack in the history of crypto, with over $624 million in Ether and USDC being drained from a critical blockchain bridge. A blockchain bridge allows holders of assets on one blockchain to swap out their tokens for...

IntoTheBlock – a blockchain intelligence firm – has reported a surge in interest for Cardano among institutional buyers. It cites a parabolic 50x increase in the cryptocurrency’s on-chain transactions worth over $100,000 in 2022 alone. As tweeted by the firm yesterday, over 69 billion ADA were moved as part of such large transactions just yesterday. They represented over 99% of the total on-chain volume for Cardano. That’s compared to just 1.35 billion ADA in trading volume...

Ronin Network, a critical bridge chain that powers Axie Infinity, was attacked, and this resulted in in a loss of 173,600 Ethereum and 25.5M USDC, equivalent to over $600M. Since the breach occurred on March 23rd, the stolen funds have flowed into FTX, Huobi, and CryptoCom, which have all vowed to take actions to trace the funds. Binance said it had temporarily suspended withdrawals and deposits on the Ronin Network. Sky Mavis, the company behind Axie Infinity, said it would...

Huobi Technology plans to launch ETFs that track cryptocurrencies for retail investors in Hong Kong. The company has reportedly submitted its proposal to Hong Kong’s Securities and Futures Commission (SFC) and waiting for a nod. Huobi’s ETF Plans It intends to structure its ETFs such that they are “accessible to retail investors with less than HK$8 million (US$1 million) in assets,” said a report in the South China Morning Post. The existing law allows crypto exchanges and...