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17 crypto investors lost $116 billion in wealth
According to a Forbes report, the top crypto investors and founders lost about $116 billion in total assets from March to December this year. The entire industry suffered significant losses this year with the collapse of Terra’s stablecoin LUNA, followed by bankrupt hedge fund Three Arrow Capital, brokerage firm Voyager Digital, crypto lenders Celsius and […]

Porche 911 NFT collection
Major automakers continue to explore the generous offering of web3, and luxury car brand Porsche is no exception. After recently entering the NFT space by providing premium car owners with a digital authentication badge, Porsche is embarking on a new and more significant endeavor. The first official NFT collection of 7,500 items, based on the […]

Chainlink Staking V0.1 Launch
Chainlink Staking (v0.1) beta will launch on the Ethereum mainnet on December 6. Addresses that qualify for Early Access will have the opportunity to stake up to 7,000 LINK in the v0.1 staking pool. The v0.1 staking pool will be open for public access two days later, on December 8, 2022. At that time, anyone […]

Lender Matrixport seeks $100M investment
Matrixport, one of the biggest lenders in Asia, founded by Bitmain mining hardware CEO Jihan Wu, is seeking a $100M investment at a $1.5B valuation despite the market turmoil. The firm confirmed the information via its official Twitter account, referring to Bloomberg news posted today. Matrixport already has commitments from the leading investors amounting to […]

Binance Tops Up SAFU Back to $1 Billion
Good news for Binance fans. The largest crypto exchange announced that it has refilled its Secure Asset Fund for Users (SAFU), which now holds $1 billion to be used as emergency insurance for users of the exchange. The exchange previously topped up SAFU to $1 billion this January using a percentage of trading fees on […]

Uniswap Raises $165 Million in Series B Funding
Decentralized exchange Uniswap has received $165 million in Series B funding. Polychain Capital led the round, which also included a16z crypto and Paradigm. Uniswap was estimated in this round to be worth $1.6 billion. The popular DEX, which enables users ERC-20 token swapping, saw $1.2 trillion in trading volume since it opened its doors. The […]