Magic Eden has acquired Slingshot, a cross-chain crypto trading app that allows users to swap any token on any chain using a single USDC balance. According to an Apr. 9 press release statement, the acquisition marks a huge step for Magic Eden into broader on-chain trading, as interest in non-fungible tokens continues to decline. Slingshot’s…
Virtuals Protocol’s daily revenue has plummeted to under $500 per day, while the VIRTUAL token edges closer to the oversold threshold. According to Blockworks Research, Virtuals Protocol (VIRTUAL) has been generating less than $500 per day in revenue from launch and swap fees for the most part of late March and early April. In early…
A Florida federal court judge has approved an $11 million settlement between Shaquille O’Neal and Astrals NFT buyers, ending a class-action lawsuit over an alleged promotion of unregistered securities. According to a court order made public on April 8, Judge Federico Moreno gave the green light to the deal, which sets aside up to $11…
IP has entered a consolidation phase, recently ending the three-week downtrend that was weighing upon its price. According to data from crypto.news, Story (IP) rose 9% to an intraday high of $4.27 on April 9, afternoon Asian time. Its market cap was seated at nearly 41.1 billion, while its daily trading volume was slightly higher…
According to analysts, XRP is trading close to a key accumulation zone, which could strengthen its case for an upward rally. In an April 8 X post, Analyst Dom pointed out that XRP is now filling a “liquidity void”, essentially correcting an inefficiency in price action from back in late November. That puts the asset…
The Aave DAO has overwhelmingly approved a $4 million AAVE token buyback, launching the first phase of a broader initiative to overhaul the protocol’s tokenomics. The Aave (AAVE) DAO has officially approved a $4 million buyback plan of AAVE tokens. The proposal passed with 99.63% consensus. The proposal authorizes the Aave Finance Committee, a governance-backed…
A filing to list a SUI exchange-traded fund on Cboe BZX has landed with the SEC, setting the stage for potential approval of a spot fund tied to the layer-1 token. Filed on April 8, the proposal was submitted by Cboe BZX Exchange and seeks regulatory clearance to list and trade shares of the Canary…
Aave DAO members are voting on a proposal to add Pendle’s Principal Tokens to its V3 Core market. The proposal, posted on the web3 voting platform Snapshot on Apr. 7, suggests listing an initial PT test asset. Pendle (PENDL) is a decentralized finance protocol that lets users split yield-bearing tokens into two parts; the Principal…
Australia has cracked down on 95 companies that are believed to have operated crypto investment and romance scams under the guise of legitimate businesses. In its latest enforcement action against cryptocurrency crimes, the Australian Securities and Investments Commission confirmed in an April 8 statement that the Federal Court had approved its application to shut down…
HyperLend has integrated RedStone’s modular oracle protocol to ensure secure and reliable price feeds for its lending operations. Modular oracle protocol RedStone (RED) now powers HyperLend, the first lending platform built on Hyperliquid (HYPE) Ethereum Virtual Machine. This integration enables HyperLend to securely operate its lending platform with reliable and accurate price data from RedStone….
