The Fed did not increase interest rates during its meeting held last Wednesday. However, the US central bank said the rates could stay as they are for an undefined period. While delivering…
Category: Polygon
Tether Retains $3.29B Liquidity Cushion to Guarantee USDT Stability.
The transparency report released by the stablecoin issue Tether on Thursday, August 24, reveals a $3.3 billion liquidity cushion. The report discloses that Tether’s total assets are estimated at $86.1 billion, with…
FaZe Banks and Nadeshit Top Friend.tech’s Earning List
The esports and gaming giants behind FaZe Clan and 100 Thieves, respectively, are reaping a lot of money on the social token application Friend.tech. Popular esports influencers, including Nordan ‘FaZe Rain’ Shat,…
Zepeto’s Jump Crypto Joint Venture ZTX Nets $13M to Pursue Metaverse Platform on Arbitrum
Zepeto, South Korea’s leading metaverse platform, is counting on nonfungible tokens (NFTs) with its ZTX joint venture with jump crypto that guided the seed round. Zepeto, a famous metaverse platform in South…
Axie Infinity Partners with CyberKongz to Create New Game
Sky Mavis executive Kathleen Osgood admitted that reviving blockchain gaming necessitates tapping on the expert’s understanding of the motivation that drives users into Web3. Its achievement would constitute the catalyst to leverage…
Polygon Prepares for Token Migration Weeks After SEC Scrunity – Will it Impact MATIC Price?
Polygon Labs, the company behind one of the most popular blockchains, Polygon, released the network’s whitepaper last month, which contained a proposal to roll out a new token called POL. The new…
Celsius Files Suit to Reclaim Assets Worth $150 million StakeHound
Celsius seeks to recover 40 million MATIC, 25000 staked native ETH, 66000 DOT, and 35000 ETH from StakeHound, a liquid staking platform. A lawsuit has been filed against StakeHound, a liquid staking…