Eigen Labs acquires Rio Restaking, opens LRT code
The Eigen Foundation is acquiring Rio Network’s intellectual rights and will open-source its liquid restaking token as a reference implementation in the EigenLayer ecosystem.
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Memecoin Shiba Inu unveils plans to launch DAO
Shiba Inu’s marketing head has shared plans for a DAO that will allow SHIB holders to have a say in the future direction of the memecoin project.

Bitcoin Depot Q2 revenue jumps 18% y/y as it plans ATM adds after NASDAQ listing
Bitcoin Depot records $197.5 million in revenue in the second quarter for 2023 spurred on by partnerships with various American retail stores. United States based Bitcoin (BTC) ATM operator Bitcoin Depot said it posted best ever revenue numbers in the second quarter of 2023 as the company looks to expand its footprint after recently being…

What is Avalanche Network (AVAX) and how does it work?
What is Avalanche Network (AVAX)?Launched in 2020 by Ava Labs, Avalanche is a blockchain platform that is smart contract-capable. Avalanche aims to deliver a scalable blockchain solution while maintaining decentralization and security, focusing on lower costs, fast transaction speeds, and eco-friendliness.Avalanche quickly became popular in the cryptocurrency space, with Avalanche TVL currently worth $8.41 billion…

Leading South Korean telecom firm adopts blockchain for carbon ambitions
South Korean telecommunication giant KT Corp announced its intent to launch a blockchain digital document initiative to tackle carbon emissions. 522 Total views 3 Total shares A major South Korean telecommunication company, KT Corp, has outlined plans to create a fully electronic documentation service, utilizing blockchain technology to contribute to environmentally conscious ambitions.The telecommunications firm…

Key Timing for Adoption? Crypto Goes Mainstream With TV, Newspaper Ads
Amid turbulent times for the world at large, the cryptocurrency space seems to be cruising on its own steam in 2020. The coronavirus pandemic has put a major strain on economies around the world, and countries such as the United States have seen their central banks resort to extended quantitative easing in order to stimulate…

CZ and Charles Hoskinson Take Down Serial Bitcoin Naysayer Peter Schiff
Binance CEO Changpeng Zhao and Ethereum co-founder Charles Hoskinson have taken gold bug Peter Schiff to task for his professionalized Bitcoin criticism. Binance CEO Changpeng Zhao and Ethereum co-founder Charles Hoskinson have taken gold bug Peter Schiff to task for his professionalized Bitcoin (BTC) naysaying.On May 6, Zhao, better known in the industry as CZ,…

Bitcoin price slips to $93K as liquidations soar and long-term BTC holders take profit
Long liquidations and profit-taking from long-term Bitcoin holders are the primary factors in today’s sell-off. When will the dip buyers show up?

SBF claims innocence, contradicts other witnesses: Law Decoded
Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York, with the man himself giving testimony as part of his defense. According to the SBF, he didn’t know any details about the creation of North Dimension, an alleged “shadowy entity” used to launder customer funds from the crypto