BITE Protocol Launches on SKALE to Curb $1.8 Billion MEV Losses, Enhancing Blockchain Fairness
In a strategic move to combat Maximal Extractable Value (MEV) exploitation, SKALE Labs has rolled out its BITE Protocol, a consensus-level encryption solution designed to safeguard blockchain transactions from front-running and other malicious practices. MEV, estimated to cost DeFi users…
Adidas Levels Up Web3 Presence with XOCIETY and Sui Blockchain Collaboration
Adidas has officially stepped into the next era of gaming by partnering with XOCIETY, a fast-growing shooter-RPG powered by the Sui blockchain, bringing fashion, identity, and on-chain gaming under one roof. Announced on May 6, the collaboration will feature ALTS…
FIFA’s Blockchain Move Is About More Than NFTs—It’s About Control
FIFA Isn’t Just Changing Chains—It’s Changing the Game On May 20, FIFA Collect begins migrating to a blockchain it can call its own. After experimenting with Algorand, FIFA is now moving to an EVM-compatible proprietary blockchain—a technical decision with massive…
PENGU Breaks Out as NFT Market Heats Up
The Pudgy Penguins token, PENGU, rallied aggressively this week, delivering a remarkable rebound from its recent lows. PENGU surged over 167% to a peak of $0.010, fueled by soaring investor interest and a steep rise in trading activity. Daily trading…
OpenSea Regains NFT Market Crown With 42% Share After Fee Cuts
OpenSea’s new platform strategy has paid off, helping it reclaim dominance in NFT trading volumes and wallet activity across the last month.The combination of reduced trading fees and broader blockchain support has helped OpenSea outpace major competitors. Will Wallet Expansion…
SOL Strategies Reveals $500M Stake-Backed Financing Facility Amid Validator Surge
In a bold move to reshape Solana’s institutional landscape, SOL Strategies has secured a $500 million convertible note facility through a partnership with ATW Partners, marking a milestone for staking-based finance. The funds will support the purchase and staking of…
Weekly Recap — Strategy Adds 3,459 BTC, Kraken Expands Product Line, SEC Ends CyberKongz Probe
This week in Web3: institutions double down on Bitcoin, exchanges broaden their services, and regulators wrap up one high-profile NFT probe. Strategy Pushes BTC Holdings Past 530K With Latest Buy Continuing its Bitcoin buying streak, Strategy announced the acquisition of…
NFT Market Wobbles as Sales Fall to $94.7M — Courtyard Tops Charts
NFTs are feeling the effects of a sluggish crypto market, with sales sliding to $94.7 million, down from $102.8M a week prior. Participation has also slumped—buyers and sellers each fell by over 75%, and transaction counts dropped 6.3%. Chain Breakdown:…
Magic Eden Buys Slingshot, Moves Closer to Becoming a Full Crypto Trading Hub
Magic Eden’s transformation is in full swing. No longer just an NFT marketplace, the platform has officially acquired Slingshot, a sleek, mobile-first app for decentralized token trading. According to a press release shared with Cryptonews, this is a major leap…
NFTs Are Crashing—Is This the End of the Hype Era?
It’s not just a cooldown—it’s a wipeout. As global markets buckle under trade war pressures, NFTs are taking some of the hardest hits in crypto. What was once a revolution in digital ownership is now struggling for relevance. From volume…