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Movement Labs has raised $38 million in a Series A round led by Polychain Capital. The funding will be used to bring Facebook’s Move Virtual Machine to Ethereum.
A16z crypto’s CTO Eddy Lazzarin lambasted memecoins, saying they undermine crypto’s “long-term vision,” tarnish “how the public, regulators, and entrepreneurs” view the industry and serve as a casino “to a relatively small population.”6th Man Ventures co-founder Mike Dudas came to the defense of memecoins, which collectively have a market cap worth tens of billions of dollars.
Bitcoin traders remain unfazed while BTC price action follows stocks downward on the back of surprise U.S. macro data.
Industry professionals are increasingly doubtful about the chances of approval for ether spot ETFs by the SEC in May, according to Reuters.The price of ether has fallen by over 5.5% in the past 24 hours, according to The Block’s Price Page.
- 04:26Bitwise: Predicts that Ethereum will reach $7000 by 2025, and SOL will reach $750Bitwise predicts that Ethereum will reach $7000 by 2025, and SOL will reach $750.
- 03:58Ethena may collaborate with Aave to launch a new product, expected to go live in 1-3 monthsEthena Labs founder Guy Young posted a photo of his discussion with Aave founder Stani, stating: "Aavethena is a great proof of concept, Arcthena will increase the scale of DeFi by 10 times." In response to users asking about the timeline, Guy's answer was within 1-3 months.
- 03:55The trading volume of stablecoins reached 1.41 trillion US dollars in December 2024 after adjustment, setting a new historical recordData shows that in December 2024, the trading volume of stablecoins increased by 20.3% after adjustment, reaching a historical high of $1.41 trillion; the supply of issued stablecoins increased by 1.7% to reach $170 billion, with USDT and USDC's market shares being 79.2% and 18.3%, respectively; In addition, Bitcoin miners' income reached $1.44 billion, an increase of 18.9%, ETH stakers' income was $342 million, an increase of 30.2%. In December, a total of 47,064 ETH were burned on the Ethereum chain equivalent to $174 million since implementing EIP-1559 a total of approximately four point five three million ETH have been destroyed worth about twelve point eight billion dollars.
