News

Optimism Plunges Double Digits Amid Base's Tech Stack Overhaul

Optimism's cryptocurrency has experienced a significant decline, plunging over 10% amid a major overhaul of Base's technology stack. The changes to Base, a layer-2 solution built on Ethereum, aim to enhance performance and scalability. This overhaul has raised concerns among investors, contributing to the drop in Optimism's value. Market analysts are closely monitoring the situation, as the impact of the upgrades on both Base and Optimism remains uncertain.

Read the full article: Decrypt

SoFi taps BitGo to provide infrastructure for bank-issued stablecoin

SoFi has partnered with BitGo to develop the infrastructure for its bank-issued stablecoin, which aims to enhance the company's financial services offerings. The stablecoin will be backed by U.S. dollars and will be integrated into SoFi's existing platform, allowing for seamless transactions and improved user

Core Scientific secures up to $1B credit from Morgan Stanley for data centers

Core Scientific has secured a credit facility of up to $1 billion from Morgan Stanley to support its data center operations. This funding aims to enhance the company's infrastructure and expand its capacity for cryptocurrency mining. The deal comes as Core Scientific seeks to strengthen its position in

38% of altcoins near all-time lows, worse than FTX crash: Analyst

An analyst reports that 38% of altcoins are currently trading near their all-time lows, a situation deemed worse than the aftermath of the FTX crash. This decline reflects significant market distress, with many cryptocurrencies struggling to regain value. The analyst highlights that the current market conditions are particularly challenging for

Ethereum ETFs Draw In $169M, Highest Level in Two Months

Ethereum exchange-traded funds (ETFs) have attracted $169 million in investments, marking the highest inflow in two months. This surge in interest comes as the cryptocurrency market shows signs of recovery and increased institutional participation. The recent performance of Ethereum, alongside positive market sentiment, has contributed to the growing demand for

Read more

SoFi taps BitGo to provide infrastructure for bank-issued stablecoin

Core Scientific secures up to $1B credit from Morgan Stanley for data centers

38% of altcoins near all-time lows, worse than FTX crash: Analyst

Ethereum ETFs Draw In $169M, Highest Level in Two Months