Projects formerly running on the fallen Terra blockchain have collaborated to help each other migrate over to the Polygon layer-two network. More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by migrating over to Polygon.  Polygon Studios CEO Ryan Wyatt expressed delight at his network’s ability to...Continue Reading

The embattled platform continues to wind down its debts to decentralized finance (DeFi) lending protocols, having just paid off 20 million USDC to Aave. Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy filing...Continue Reading

Interest in Axie Infinity appears to be picking up again following the launch of its new NFT land staking feature and ongoing upgrades to the Origin battle game mode. Play-to-earn (P2E) Metaverse game Axie Infinity appears to be on the mend, with its NFT sales volume pumping 205% over the past seven days. The project’s...Continue Reading

CoinFLEX is moving quickly to retrieve as much liquidity as it can from a debacle that has left it $84 million short due to a delinquent account held by an unnamed whale. Crypto investment platform CoinFLEX is moving forward with its plan to reclaim $84 million in funds by starting arbitration procedures in Hong Kong...Continue Reading

It’s unclear whether the potential lawsuit will eventually see Musk purchasing the platform at the previously agreed price, at a new price, or not at all. Social media platform Twitter is reportedly looking to file a lawsuit as early as this week against Telsa CEO Elon Musk after he announced his intention to pull out...Continue Reading

ETH price saw a brief breakout following the successful merge on the Sepolia testnet, but analysts say the altcoin’s failure to flip $1,300 to support hints at further downside. The Ethereum (ETH) network moved one step closer to completing its transition to proof-of-stake (PoS) this week after the successful completion of its second-to-last major Merge...Continue Reading

Bitcoin has historically seen its price down from previous highs for more than three years, and the latest peak took place just seven months ago. Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021. June 2022 has...Continue Reading

Bitcoin is trending toward a retest of its lower support and if this happens, UNI, ICP, AAVE and QNT could breakout to the upside. Bitcoin (BTC) has given up ground over the weekend as investors remain cautious about the United States consumer inflation data to be released on July 13. Analysts anticipate June’s consumer price...Continue Reading

BTC price performance is just about on course to cap its biggest advance since March on the weekly chart, but anything could happen before the close. Bitcoin (BTC) hit three-day lows into the July 10 weekly close as $21,000 gave way as short-term support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes bullish divergences...Continue Reading

Artificial intelligence will be an integral piece of the metaversal puzzle that will help to create an impactful user experience, thus dramatically increasing the market size. The metaverse space is moving rapidly in terms of hype and the volume of new projects being launched — so much so that the industry market size is projected...Continue Reading