Solana’s (SOL) recent climb back above $200 is a sign that the altcoin pivoted from a “meme-driven ecosystem” to a “high-beta, blue-chip alternative” that is attracting institutional attention. According to MEXC Research chief analyst Shawn Young, the over 34% increase in July to the $202.52 price, as of press time, marks a shift in how…
Crypto-based predictions marketplace Polymarket, has secured a deal to return to the US market shortly after federal regulators concluded their investigation into the company. The New York-based platform, known for enabling users to wager on various political and social outcomes such as the past US presidential election, has acquired QCX, a lesser-known derivatives exchange and…
The US Justice Department has closed its investigation into Kraken’s founder Jesse Powell, and returned dozens of laptops and mobile phones agents seized during an FBI raid two years ago, Fortune reported on July 22. The federal case did not revolve around Kraken’s operations, but rather a bitter governance fight at the Verge Center for…
PNC Financial Services Group has formed a partnership with Coinbase to let the bank’s customers access crypto services, as Bloomberg News reported on July 22. According to PNC’s head of treasury management Emma Loftus, the arrangement is in its early phase. It will begin by allowing wealth and asset management clients to trade cryptocurrencies directly…
DogeOS, a Dogecoin-based application layer, has submitted a proposal to enhance the blockchain network with native zero-knowledge proof (ZKP) verification, according to a July 22 statement shared with CryptoSlate. The proposed upgrade, dubbed OP_CHECKZKP, aims to unlock new functionality by enabling smart contract interoperability with Ethereum. DogeOS is currently building its own Ethereum-compatible zkVM, which…
The REX-Osprey Solana Staking ETF (SSK) has crossed $100 million in assets under management (AUM), just 12 trading days after its July 2 launch, according to a July 22 statement. Greg King, founder of REX Shares, highlighted the speed of this growth as a testament to rising investor appetite for innovative crypto exposure through regulated…
The Ether Reserve has announced its plans to go public on the Nasdaq through a merger with the blank-check firm Dynamix Corporation. According to Reuters, the move is projected to raise over $1.6 billion, positioning the newly formed entity, to be named “The Ether Machine,” as a major player in institutional investments in ETH. The…
🐙 Visit Kraken.com to learn more 🐙 Metaversal is a Bankless newsletter for weekly level-ups on NFTs and the onchain frontier Subscribe now Dear Bankless Nation, I always wondered what a more crypto-native version of Reddit Collectible Avatars might look like. That’s why cygaar’s thread on Sofamon, a digital stickers project that just launched its…
🎉 Visit Consensus 2024 🎉 Metaversal is a Bankless newsletter for weekly level-ups on NFTs and the onchain frontier Subscribe now Dear Bankless Nation, Over the next couple of months, I’ll be leveling up the Metaversal experience. The first part of the revamp kicks off next Thursday, April 4th, when I’ll migrate the newsletter from…
🎉 Visit Consensus 2024 🎉 Metaversal is a Bankless newsletter for weekly level-ups on NFTs and the onchain frontier Subscribe now Dear Bankless Nation, Two sci-fi games I’m a fan of are Eve Online and Stellaris—don’t ask me how many hours I’ve played! 😅 On our side of the block, I’m deep into the crypto…