Author: Kryptonews
Magin Eden, the distinguished NFT marketplace, recently announced its venture into Solana’s compressed NFTs. The venture promises to be a budget-friendly and scalable path for digital collectibles. Quick Takes: Magic Eden announces its foray into Solana’s compressed NFTs. The cNFTs have compressed data and low associated fees. The marketplace has already enabled some popular cNFT collections. Operating on the Solana blockchain, cNFTs enable creators to to produce content at scale. Magic Eden Compressed NFTs The renowned NFT marketplace Magic Eden has announced its integration with Solana’s compressed NFTs. Moreover, these cNFTs differ from traditional NFTs as they have their data…
Share this article Market makers are integral participants in the financial markets, bridging the gap between buyers and sellers. In the crypto market, professional market making firms play a similarly critical role, significantly influencing prices, liquidity, and overall market health. In this article, we will break down their influence, as well as highlight potential associated risks to be aware of. What is a crypto market maker?A crypto market maker is typically a financial institution or trading firm that actively provides liquidity by continuously placing buy and sell orders on crypto exchanges and trading platforms. Their goal is to ensure there is…
Pharmaceutical distributor Wellgistics has revealed its plan to include XRP as an instant payment system and treasury management tool. This move makes the company one of the first publicly traded entities to adopt this approach. Wellgistics Adopts XRP to Slash Settlement Times from Days to Seconds In its official statement, the Florida-based company stated that it would use XRP and its blockchain network to reduce settlement fees and boost remittance speeds for suppliers, manufacturers, and pharmacies. Besides transparency issues and geographical limitations, it usually takes three days for standard wire transfers to be completed. Hence, the company aims to…
Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that offers exposure to US Treasury bills, developed in partnership with tokenization platform Securitize. The initiative places VanEck among a growing number of traditional finance firms entering the RWA tokenization space.The fund, called VBILL, will be initially available on Avalanche, BNB Chain, Ethereum and Solana blockchains, VanEck said in a May 13 statement. The fund’s minimum subscriptions start at $100,000 for investments running on Avalanche, BNB Chain, and Solana, while the minimum subscription on Ethereum is $1 million.VanEck joins a burgeoning field of traditional financial firms that have launched…
48LG will shut down its non-fungible token (NFT) marketplace, Art Lab, on June 17, after three years of operation, according to a notice on its website.Launched in 2022, Art Lab allowed smart TV users to buy, sell, and display NFTs directly from their screens. The platform initially operated on the Hedera network before expanding to Ethereum.LG did not provide specific reasons for the shutdown but stated it would “shift focus and explore new opportunities.”The decision aligns with a broader trend in the NFT space. Several companies, including Kraken, Immutable, Quidd, and MakersPlace, have already shut down their NFT marketplaces. The…
Key Takeaways:Saudi Arabia commits to $600 billion in U.S. investments, with $20 billion going into AI and data centers.Global tech giants including Google, Oracle, and AMD plan to deploy $80 billion into emerging technologies across both countries.Crypto and blockchain industries are poised to gain from the infrastructure boom and AI-driven expansion.According to the fact sheet released today from the White House, the historic investment commitment between Saudi Arabia and the United States is making waves across multiple sectors, including cryptocurrency. While the spotlight falls on traditional infrastructure and defense, blockchain and crypto-related technologies are quietly positioned to ride the wave…
After a strong bullish reversal, Ethereum’s momentum appears to be cooling amid massive profit-taking from holders. Ethereum (ETH) is trading at $2,438 as of press time, down 3.5% in the past 24 hours after a strong 34% rally over the past week. Open interest has decreased by 2%, as per Coinglass data, indicating a reduction of leveraged bets. The decline comes after an intense rally that saw ETH soar from $1,800 to over $2,500 in a matter of days. According to a May 13 analysis on X by Glassnode, the rapid climb was supported by a lack of resistance between…
Are you looking for the best crypto casinos in 2025? With many opinions and options in the market, finding the best casino that meets your requirements can be challenging. So, whether you are a beginner seeking to deepen your toes into playing casinos or a seasoned player, join me as we explore the top 10 crypto casinos to play this year. With a wealth of experience in the crypto industry, we will shift gears into casinos that accept crypto, scrutinizing their offerings, user experiences, and security measures. Luckily, I have tried and tested the platforms, so I’ll save you the…
12Adidas has launched a new set of non-fungible tokens (NFTs) as part of its latest move into Web3, partnering with “Xociety,” a third-person crypto shooter game with RPG elements. The collection includes limited-edition in-game skins inspired by “ALTS by adidas,” and will be minted on the Sui L1 blockchain. These NFTs will appear in the form of mystery boxes and will be available for minting on Tradeport starting May 16 at 9 a.m. ET.The mystery boxes, limited to 2,600 units, are available in two types: the “adidas Pack” (2,000 units), priced at $129.99, and the discounted “Partner Pack” (500 units) for…
IntroductionAlthough Ethereum continues to dominate mainstream headlines as the go-to network for decentralized finance (DeFi) innovation, a significant, transformative development is quietly gaining ground within the Bitcoin ecosystem. Rootstock (RSK), a smart contract platform built on top of Bitcoin’s secure proof-of-work protocol, is redefining DeFi infrastructure by merging the best of both worlds: the trusted security of Bitcoin and the programmable versatility of smart contracts. RSK is not merely creating a parallel DeFi universe — it’s offering an alternative that rivals Ethereum’s grip on the sector, while drawing from the most battle-tested blockchain in existence.By enabling a smart contract layer…
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