Crypto News
Katana Mainnet Goes Live as Pre-Deposits Hit $180M
Self described 'DeFi-first' layer-2 blockchain Katana has launched its mainnet after receiving $180 million in pre-deposits.Deposits flooded in after Katana was revealed to the public less than a month ago. DefiLlama data shows that deposited jumped from $75M to $180M between June 1 Depositors will receive randomized reward NFTs called Krates, as well as a share of 70 million KAT tokens, Katana's native token. Upon launch, yield farmers will be able earn more KAT by staking on platforms like Morpho and Sushi. The blockchain aims to solve one of DeFi's largest problems: Liquidity.A lack of liquidity can lead to a multitude of issues including slippage, inefficient pricing and unsustainable yields.Some of the mechanisms Katana will use to solve that...
BitMine Stock Spikes 400% as Bitcoin Miner Raises $250 Million for Ethereum Treasury
Publicly traded Bitcoin mining firm BitMine is creating an Ethereum treasury after raising $250 million and adding Tom Lee to its board.Source link
Bitcoin Still Flat Even as Whales Stack and Stocks Rally
Stock markets closed at record highs on Friday and institutions went on a bitcoin buying frenzy, but the cryptocurrency’s price hasn’t seen any significant upswings. Stocks Climb, Whales Stack, So Why Is Bitcoin Stuck in Neutral? Both the S&P 500 and the Nasdaq closed at all-time highs on Friday. Today, the Dow is up bySource link
Industry’s PAC Keeps Seeking to Add Allies as Congress Hashes Out Crypto Legislation
The crypto industry's political-finance arm, the towering campaign-funding entity known as Fairshake, dropped another $1 million into the coffers of a special-election candidate hoping to replace a Virginia Democrat who died in office, Representative Gerald Connolly.The candidate favored by the industry's chief political action committee, James Walkinshaw, won the Democrats' so-called firehouse primary over the weekend, in which the party conducted its own polling to determine its chosen candidate among a field of nine. The general election to formally select the Fairfax County region's next member of Congress is set for Sept. 9, though the Democrat incumbent took about two thirds of the vote in the regular election last year, giving Walkinshaw a heavy advantage. "We look forward to James...
Singapore to ‘Thread the Needle’ as Crypto Licensing Rules Take Effect
The deadline has forced firms to flee to Dubai and Hong Kong as Singapore closes a key loophole and prioritizes regulatory integrity.Source link