37% of Eligible Wallets Missed Out on Arbitrum Airdrop Worth $596 Million

• Arbitrum recently held a token airdrop, resulting in a frenzy of traffic to their website. • Nearly 240,000 eligible wallets still need to claim their ARB tokens worth roughly $596 million. • The 428 million unclaimed tokens represents 37% of the total 1.1 billion ARB allocated for the airdrop. Arbitrum Airdrop Causes Frenzy Arbitrum’s […]

Silicon Valley Bank Collapse Tanked NFT Trading Volumes, Report Suggests

• Collapse of Silicon Valley Bank caused a drop in NFT trading. • Daily NFT trades dropped to 33,112 and the overall trading volumes decreased by 51%. • Despite this, some collections such as Bored Ape Yacht Club and CryptoPunks saw their floor prices dip slightly but quickly recover. Silicon Valley Bank Collapse Tanks NFT […]

Rebrand DAI Stablecoin for Global Growth, MakerDAO Founder Urges

• Rune Christensen, founder of Ethereum’s MakerDAO, called for the rebranding of its flagship token DAI to appeal to a wider audience. • He suggested that DAI should be rebranded with a name that includes “USD” to indicate it is pegged to the U.S. dollar, but also highlighted there is no guarantee this will be […]

Bitcoin Miners Reemerge After Crypto Winter as BTC Price Rallies

• Bitcoin miners are starting to see some relief after a brutal crypto winter that saw bankruptcies and fire sales. • Investor sentiment is still largely driven by BTC price action rather than mining fundamentals. • Lower energy costs have given miners some breathing room and public stocks of bitcoin mining firms have outpaced bitcoin […]