Crypto News
MicroStrategy Trades at an Unjustifiable Premium to Bitcoin: Kerrisdale Capital
The bitcoin price implied by MicroStrategy’s share price is $177K, 2 ½ times the spot price of the cryptocurrency, the report said.Source link
Degen Chain Debuts on Base as ‘Blockchain Equivalent of Las Vegas’
The community-first blockchain is built with a mix of tech from Arbitrum to Base and tapping layer-3 tools from Syndicate.Source link
Big Time Generates over $100M in Revenue since Preseason
Austin, United States, March 28th, 2024, Chainwire Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token. “Success in Web3 gaming hinges on creating compellingSource link
Ethereum Milestone: Validator Count Hits 1 Million with $114 Billion Staked
Ethereum's network validators surpass the 1 million mark, with 32 million ETH staked through platforms like Lido, accounting for 26% of its total supply. (Read More)Source link
Prisma Finance Suffers $11.6M Hack in Liquid Staking Shockwave, Moves to Mitigate Fallout
The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent Thursday, blockchain surveillance and safety squads from Peckshield and Cyvers reported theSource link