Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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‘I should have bought a lot more,’ laments billionaire investor on Bitcoin
"The probability as more and more people keep using Bitcoin, it’s going to keep moving up," said Marc Lasry. 832 Total views 1 Total shares Marc Lasry, co-founder and CEO of Avenue Capital Group, believes that despite recent volatility in the crypto market, it likely isn’t going away.In a Tuesday interview with CNBC’s Squawk Box,…

Polygon launches ‘Supernet’ chains, pledges $100M to Web3 developers
The layer-2 scaling solution continues its focus shift to Web3, a broad concept that refers to the blockchain-powered internet. 631 Total views 5 Total shares Ethereum scaling solution Polygon has launched a new network for Web3 development, pledging $100 million to early users who can help fast-track adoption. The Polygon Supernet chain gives developers the ability…

3 signs Ethereum price is in trouble below $2,500
Ethereum has struggled to sustain a rally above $2,500 and data suggests that more downside could be on the way for ETH price.

NFT games have edge over ‘money in, no money out’ games: Polygon’s Urvit Goel
NFT gaming business models could represent an attractive innovation for gaming publishers as they begin to make more of their titles available to play on blockchain. 127 Total views 2 Total shares Polygon’s VP of Global Business Development for gaming Urvit Goel believes games that integrate nonfungible tokens (NFTs) have a natural edge on traditional…

The concept and future of decentralized Web3 domain names
Web3 domains differ from standard domain name system (DNS) addresses such as Cointelegraph.com or thenewslack.io. A DNS is similar to a telephone directory, only it indexes public websites and their accompanying internet protocol (IP) addresses to enable the directory. Thenewslack.crypto is the result of a 42-character hex string. However, in the case of Web3 blockchain…

Joe Biden’s withdrawal wiped $67M in long positions in 30 minutes
US President Joe Biden’s withdrawal from the 2024 presidential race led to a sharp crypto dip followed by a near-immediate correction, leading to huge liquidations.

Web3 developer Magic raises $52M in funding led by PayPal Ventures
The company has raised $80 million for wallet development since its inception in 2020. 890 Total views 5 Total shares On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms…

The US Treasury is running out of cash — trouble ahead for Bitcoin?
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