Following a 35% decline in NEO's price, the Neo Foundation denied conducting token sales and launched a probe into large NEO transfers to Binance, clarifying its position amid community concerns. The post Neo Foundation Denies Token Sales, Probes Binance Transfers After 35% Drop appeared first on Cryptonews.

The cryptocurrency market rebounded late on Monday as major cryptocurrencies registered substantial gains. As a result, the crypto market cap is up over 1% and currently sits at $2.69 trillion.

Curve DAO (CRV), Bonk (BONK) and Pyth Network (PYTH) were among top losers as the cryptocurrency market witnessed sharp volatility on Friday, March 28. The altcoins saw sharp declines as Bitcoin (BTC) fell below $84k amid CME gap trades. Cryptocurrencies were also tracking downside action amid broader jitters across the risk assets market.

Just last week at the Game Developers Conference, I caught up with two key members of the Arbitrum Gaming Catalyst Program (GCP): Daniel Peng, founding partner, and Rick Johanson, founding partner and VP.

TL;DR Arbitrum DAO has been operating at a loss, spending $231 million while generating $107 million in revenue, yet 2025 is projected to become its most profitable year. Over 95% of its earnings come from transaction fees, with Layer 2 (L2) surplus fees standing out as the dominant income source.

Arbitrum DAO's earnings and plans for raising more revenue in the coming months and years for its network were shared by Entropy Advisors, a platform that monitors decentralized autonomous organization (DAO) development and governance on Arbitrum.

Through Juno, a new subsidiary dedicated to digital assets and stablecoin issuance, Bitso aims to introduce the Mexican peso stablecoin to serve several use cases, with remittances and cross-border payments facilitation at the center.

This new stablecoin, called MXNB, will be issued and managed by Juno, a newly established subsidiary of Bitso. The launch of this peso-pegged stablecoin will take place on Arbitrum.

This move brings enterprise-grade infrastructure to the Injective ecosystem. It makes it easier for developers to build, launch, and scale applications.

Altcoins like CRV thrive when Bitcoin steadies, but with BTC at a pivotal price level, which way will the dominoes fall?

GMX clarified that its contracts were secure after an exploit involving Abracadabra's cauldrons resulted in a $13 million theft.

Several sectors of decentralized finance are poised for growth in 2025, including special-purpose decentralized exchanges (DEXs), stablecoins, and tokenized assets, according to Curve Finance founder Michael Egorov.Growth in decentralized exchanges will be driven by new purpose-tailored platforms, such as exchanges for stablecoins pegged to different underlying fiat currencies, thus solving the foreign exchange problem in stable tokens, Egorov said in an interview with Cointelegraph. The Curve founder added: "Exchanges between stablecoins of different denominations like the Euro, US dollar, and others are not yet properly solved.

TL;DR Google Cloud becomes an official validator for Injective to enhance the security and decentralization of the blockchain network. INJ gains access to advanced tools and educational resources through Google Cloud's Web3 portal, facilitating dApp development. Injective and Google Cloud launch a hackathon focused on AI innovation in financial applications.

Google Cloud has officially become a validator for Injective, an interoperable layer-1 blockchain, further strengthening the network's security and decentralization. The move aligns Google Cloud supporting Injective's (INJ) ecosystem, according to a company release.

Bitso Business, an arm of the Mexican crypto exchange Bitso, will launch a Mexican peso-pegged stablecoin on the Ethereum layer-2 network Arbitrum.The stablecoin, MXNB, will be issued and managed by Bitso's newly established subsidiary Juno and will be fully fiat-backed by Mexican pesos on a one-to-one basis, Bitso Business said in a March 26 statement. Bitso Business' head of stablecoins, Ben Reid, said a primary use case for MXNB could be to promote foreign investment and trade in Latin American economies by providing a more “efficient way” to do business compared to traditional finance infrastructure.

Google Cloud is now a validator for the Injective network, boosting the blockchain's security, reliability, and credibility. The post Google Cloud Becomes a Validator for the Injective Network appeared first on Cryptonews.

Google Cloud's role as a validator for Injective could significantly boost blockchain security, decentralization, and developer innovation. The post Google Cloud becomes a validator for Injective blockchain appeared first on Crypto Briefing.

While enthusiasts watch for potential rallies as Bitcoin eyes the $90K resistance, Curve Finance (CRV) founder attracted attention with his ongoing sell-offs. Spot on Chain data shows Michael Egorov has offloaded approximately 2.5 million tokens this week. He accumulated the stash in mid-December at $1.114 per asset. CRV trades at $0.

Curve Finance founder Michael Egorov sparked a tidal wave of speculation across the market with his recent selloff strategies. On Wednesday, March 26, Egorov again dumped nearly 2M CRV tokens, bringing his total selloffs to roughly 2.5M coins this week.

A recent exploit on Abracadabra.Money, a cryptocurrency lending platform, targeted pools that were built using GMX GMX tokens.

Abracadabra.Money lost $13 million in an exploit that targeted liquidity pools using GMX tokens.

Abracadabra Finance has confirmed a security exploit affecting its gmCauldron smart contracts, resulting in the theft of approximately $13 million and is taking steps to recover the funds.

The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.

An attacker drain approximately 6,262 ETH, valued at around $13 million, from Abracadabra's liquidity pools on GMX.

Magic Internet Money (MIM) was exploited for 6,260 ETH, taken from lending vaults on Arbitrum. While MIM used GMX smart contracts, neither the GMX project nor the GM token were affected by the hack.

About $13 million worth of cryptocurrency has been drained from decentralized lending protocol Abracadabra.Finance following an exploit targeting pools using GMX tokens.In a March 25 X post, crypto cybersecurity firm PeckShield reported that contracts related to GMX and Abracadabra.Money had been compromised, resulting in the loss of about 6,260 Ether (ETH), worth around $13 million. The news follows Abracadabra.Money losing $6.49 million after its smart contracts were compromised in late January 2024.

Arbitrum DAO is reportedly reconsidering its Gaming Catalyst Program (GCP), potentially reclaiming 225 million tokens. The Gaming Catalyst Program aimed to cement Arbitrum's status as a powerhouse in on-chain gaming.

This update makes it easier than ever for Telegram users to dive into Injective without needing extra apps. Telegram's built-in wallet has already supported major cryptocurrencies like Bitcoin (BTC) and Toncoin (TON).

Members of the Arbitrum DAO are actively debating whether to revoke funds previously allocated to its gaming ecosystem initiative. The post Arbitrum DAO Debates Revoking Gaming Fund Over Lack of Progress appeared first on Cryptonews.

Members of Arbitrum's decentralized autonomous organization (DAO) are discussing a potential clawback of funds allocated to build a gaming ecosystem on the network, citing a lack of progress and transparency. On March 24, DAO member Nathan van der Heyden submitted a proposal calling for the recovery of unused funds allocated to the Arbitrum Gaming Catalyst Program (GCP).

The GCP was approved during a period of exceptionally optimistic projections that, in hindsight, proved unsustainable, the authors argue.

The crypto market has made a strong start to the week, with cryptocurrencies registering substantial increases. As a result, the crypto market cap has jumped almost 3% and currently sits at $2.83 trillion.

In this article, we analyze three cryptos that are experiencing interesting price movements: CRV (Curve), XRP (Ripple), and TON (Toncoin). CRV is the token of the Curve DAO.

Binance Announcement Today: The cryptocurrency exchange behemoth again nabbed substantial investor attention with its latest update on six tokens. On Monday, March 24, the CEX revealed plans to update the collateral ratios for CRV, UNI, ALGO, KSM, XTZ, and XEC crypto under ‘Portfolio Margin.

Curve token has retraced a good chunk of the gains made in November - could it be on the path to recovery now?

Base and Arbitrum are the leading layer-2 (L2) blockchains by on-chain activities and revenue generation.

Layer-1 (L1) coin KAVA emerged as the market's top gainer on Friday, defying the broader downturn to post gains over the past 24 hours. While most cryptocurrencies have struggled within a narrow range in recent weeks, KAVA has surged, setting itself apart from the pack.

The crypto market rallied after the Federal Reserve decided to keep interest rates unchanged between 4.25% and 4.50% after the Federal Open Market Committee (FOMC) meeting. The Federal Reserve also stated it sees two rate cuts coming in 2025.

This marks a game-changing moment in the world of DeFi. It offers users the ability to trade fully onchain stocks 24/7 with no middlemen.

TL;DR New Incubator Initiative: Offchain Labs launches Onchain Labs to accelerate the growth of Arbitrum's DApp ecosystem with hands-on support for innovative projects. Fair Launch Focus: The program emphasizes equitable, community-aligned launches to counter extractive, zero-sum market practices.

The Arbitrum Foundation has announced Onchain Labs, a program that will offer strategic support and resources to experimental projects.

Offchain Labs and the Arbitrum Foundation have launched Onchain Labs, a new initiative to accelerate early-stage projects within the Arbitrum ecosystem. This program aims to provide go-to-market support for experimental and high-risk blockchain applications, fostering innovation and expansion.

Offchain Labs said it will offer collaboration from ideation through launch on Arbitrum, including strategic product development support.

The new program is designed to provide go-to-market support to "experimental and volatile" projects, according to Arbitrum's main developer.

The crypto market has had a bearish start to the week, with most cryptocurrencies trading in the red. However, some have managed substantial gains, including Toncoin (TON), Polkadot (DOT), Hedera (HBAR), and Litecoin (LTC).

Tthe OP Stack has remained dominant, with "bridge abstraction" volume surging ahead of Ethereum's next major upgrade.

Offchain Labs Co-Founder & CEO Steven Goldfeder breaks down Arbitrum's BoLD protocol and the broader Layer 2 ecosystem.

Digital asset exchange DigiFT has launched Invesco's tokenized private credit strategy on Arbitrum, further expanding the use cases of real-world assets (RWA) and giving institutional investors access to onchain credit markets.According to a March 13 announcement, Invesco's US Senior Loan Strategy (iSNR) token is now live on Arbitrum, a popular Ethereum layer-2 network. The tokenized asset was launched on Feb. 19 and is designed to track the performance of a private credit fund managed by Invesco, a publicly traded investment manager headquartered in Atlanta, Georgia.