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Unable to Hold Anymore, 0xSifu "Reluctantly" Closes Short ETH Position with Nearly $2.4 Million Loss

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Unable to Hold Anymore, 0xSifu "Reluctantly" Closes Short ETH Position with Nearly $2.4 Million Loss

The market has surged strongly, forcing leveraged traders to cut losses or face liquidation. The prominent short position on ETH by 0xSifu found itself in a similar situation, and its owner was compelled to reluctantly cut losses amounting to nearly $2.4 million USD. Unable to Hold Anymore, 0xSifu "

By Web3 Station 10 Nov 2023
BlackRock Confirms Launch of Ethereum Spot ETF, ETH Skyrockets to 6-Month High

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BlackRock Confirms Launch of Ethereum Spot ETF, ETH Skyrockets to 6-Month High

Financial giant BlackRock has confirmed earlier rumors regarding the launch of an Ethereum spot ETF, causing a sharp increase in ETH price. BlackRock confirms the launch of Ethereum spot ETF. Photo: Bloomberg On the evening of November 9, the cryptocurrency community was abuzz with news that BlackRock is preparing to

By Web3 Station 09 Nov 2023
One-Year Anniversary of FTX "Disaster", Bitcoin and Ethereum Simultaneously Hit 2023 Highs

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One-Year Anniversary of FTX "Disaster", Bitcoin and Ethereum Simultaneously Hit 2023 Highs

The cryptocurrency market, led by Bitcoin and Ethereum, has seen a strong surge in the past 24 hours, driven by optimism surrounding ETF prospects. Cryptocurrency market volatility led by Bitcoin and Ethereum on November 10, 2023. Source: Coin360 Exactly one year after Binance announced the cancellation of the FTX acquisition

By Web3 Station 09 Nov 2023
Chainlink (LINK) Launches Staking v0.2

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Chainlink (LINK) Launches Staking v0.2

Leading oracle solution Chainlink (LINK) has officially rolled out Staking v0.2, expanding the scale of its staking pool and introducing several new enhancements. Chainlink Launches Staking v0.2, Distributing Over 40 Million LINK in Rewards to the Community As scheduled, Staking v0.2 is set to enter General Access

By Web3 Station 09 Nov 2023
Near Foundation Collaborates with Eigen Labs to Address Liquidity Challenges on Layer-2

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Near Foundation Collaborates with Eigen Labs to Address Liquidity Challenges on Layer-2

Near Foundation has announced a collaboration with Eigen Labs, the developer behind the Restaking EigenLayer protocol, to tackle liquidity challenges on Layer-2. Near Foundation Collaborates with Eigen Labs to Address Liquidity Challenges on Layer-2 This partnership aims to reduce transaction costs on Ethereum. Transactions are expected to complete within 3-4

By Web3 Station 09 Nov 2023
Yuga Labs Co-Founder Spends $1.5 Million of His Own Money on Blue-Chip NFTs

NFT & GameFi

Yuga Labs Co-Founder Spends $1.5 Million of His Own Money on Blue-Chip NFTs

In a prolonged downturn in the NFT market, Wylie Aronow, co-founder of Yuga Labs, recently made a bold move by spending $1.5 million to purchase top-tier NFTs such as CryptoPunks, Meebits, Doodles, and Pudgy Penguins to boost trading volumes. Despite the gloomy market, some dedicated NFT enthusiasts continue to

By Web3 Station 09 Nov 2023
Ubisoft Partners with Immutable to Develop Blockchain Game

NFT & GameFi

Ubisoft Partners with Immutable to Develop Blockchain Game

Ubisoft, the game developer behind famous franchises like Assassin’s Creed, Far Cry, and Tom Clancy's, is advancing its blockchain gaming efforts through a partnership with Immutable—a company specializing in NFT technology, blockchain, and the Immutable X (IMX) protocol. The collaboration between Ubisoft and Immutable aims to

By Web3 Station 09 Nov 2023
LHV Bank Owner Faces Risk of Losing $472 Million in ETH

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LHV Bank Owner Faces Risk of Losing $472 Million in ETH

In a national broadcast on Estonian television, Rain Lõhmus confirmed that he currently owns 250,000 Ethereum (ETH), valued at over $478 million USD, but has lost access to the private key. LHV Bank Owner Faces Risk of Losing $472 Million in ETH Rain Lõhmus, founder of LHV Bank from

By Web3 Station 08 Nov 2023
Bloomberg Expert Predicts Time Frame for SEC Approval of Bitcoin ETF in November

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Bloomberg Expert Predicts Time Frame for SEC Approval of Bitcoin ETF in November

Bloomberg ETF experts suggest that the SEC could approve a Bitcoin ETF within the time frame of November 9 to November 17. Bloomberg Expert Predicts Time Frame for SEC Approval of Bitcoin ETF in November. Photo: Bloomberg In their latest analysis published early on November 9, Bloomberg's ETF

By Web3 Station 08 Nov 2023
Bitcoin Transaction Fees Surge Nearly 1,000% Since August Due to Ordinals Comeback

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Bitcoin Transaction Fees Surge Nearly 1,000% Since August Due to Ordinals Comeback

The resurgence of Bitcoin Ordinals and BRC-20 has propelled transaction gas fees to skyrocket, directly benefiting cryptocurrency mining companies. Bitcoin Transaction Fees Surge Nearly 1,000% Since August Due to Ordinals Comeback Bitcoin transaction fees have reached their highest levels since the meme coin frenzy in May 2023, driven by

By Web3 Station 08 Nov 2023
Polygon Labs Launches $90 Million Fund to Develop Ecosystem

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Polygon Labs Launches $90 Million Fund to Develop Ecosystem

Polygon Labs, the developer behind the Polygon network (MATIC), has launched a revitalized initiative, Polygon Village 2.0, with a new funding program worth over 110 million MATIC - approximately $91.3 million at the time of writing - to support ecosystem development projects. In addition to the funding, Polygon

By Web3 Station 08 Nov 2023
Web3 Game Illuvium Set to Launch on Epic Games Store

NFT & GameFi

Web3 Game Illuvium Set to Launch on Epic Games Store

The upcoming release of Illuvium Beta 3: PVP on the leading game distribution platform Epic Games Store is expected to bring a positive signal to the GameFi market. On the evening of November 8, 2023, Illuvium (ILV), a 3D fantasy RPG built using Unreal Engine 5 and running on the

By Web3 Station 08 Nov 2023
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