Users of Solana-based borrowing and lending service Solend have voted in favor of a proposal aimed at mitigating risk imposed by a specific user with a big margin position on Solend.
BMAN Lee, core contributor of the developer community BeWater, and Jun Du, co-founder of Huobi Group, have formed ABCDE Capital, a $400 million Web3 fund.
Blockchain analytics platform Nansen has announced the launch of a new product that it believes will serve as a foundational piece of the social layer within Web3: Nansen Connect.
Nano Labs, a Chinese crypto mining chip manufacturer, recently submitted an application to the United States Securities and Exchange Commission (SEC) for an initial public offering (IPO) on the Nasdaq to raise $50 million.
Three Arrows Capital co-founder Su Zhu posted to Twitter on Wednesday to say that the firm is "committed to working this out" as rumors of insolvency have circulated across the crypto community.
Cryptocurrency firm BlockFi said on Monday that it would reduce its overall headcount by about 20% as it takes on a strategic review of its priorities amid difficult market conditions.
Leading cryptocurrency exchange firm Gemini will stop providing free crypto withdrawals starting June 15, according to an email sent to the platform'a users.
PartyDAO, a decentralized software organization with the vision of building multiplayer crypto products, announced on Thursday that it had completed a $16.4 million fundraising campaign led by a16z crypto.
This week: Tencent-backed digital publisher jumps on NFT bandwagon, Chinese state media signals tighter crypto control following Terra's collapse, Coinbase rescinds accepted offers as valuation plummets, and more.
Utopia Labs, a payroll and expense management system built to integrate directly with multisig crypto wallets, announced on May 29 that it had closed a $23 million Series A funding round led by Paradigm.
This week: NFT-based 'move-to-earn' game STEPN to block users in China due to domestic crypto regulations, Chinese stock photo licensing website Visual Culture Group to launch NFT platform overseas, and more.
This week: Tencent's gaming phone brand acquisition falls through as Beijing ramps up metaverse scrutiny, Animoca Brands to make foray into education, crypto sell-off trending on Chinese social media despite crypto ban, and more.
It has been a consensus that the creator economy will be reformed and revolutionized during the era of Web3. Most creator-economy-related projects are now focusing on production.