The crypto markets have seen a flurry of activity and announcements across various projects in the last 24 hours. Let’s take a look at some of the key highlights based on a post by @layerggofficial:
Biconomy ($BICO) has closed a strategic funding round backed by major investors Jump Capital and ConsenSys. The blockchain startup provides infrastructure to simplify multi-chain dapp development.
Syndicate DAO has announced the launch of the Layer 3 Degen Chain, with its associated $DEGEN token. This is aimed at supporting decentralized applications and services.
Stafi ($FIS) has released its roadmap for Q2 2024, which includes a rebranding and the implementation of a token burn mechanism to reduce circulating supply.
In a high-profile case, former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison for his role in the collapse of the FTX crypto exchange last year. The $FTT token was formerly native to FTX.
Bybit has unveiled its new launchpad project Velar ($MNT), with a snapshot period from March 29 to April 2 and a planned listing on April 3rd.
Binance will support the NFPrompt ($NFP) token contract swap following the $NFP token hack on March 15th that saw its price plummet.
Prisma Finance ($PRISMA) suffered an $11 million hack, with attackers draining ETH from the protocol’s reserves.
Tencent’s blockchain RPC service has added support for the SUI blockchain, following a strategic partnership between Tencent and SUI developer Mysten Labs in February.
TokenFi ($TOKEN) has officially launched the mainnet version of its TokenFi Launchpad for token issuances and crypto fundraising.
Governance voting will begin on March 30th for proposals to enable staked TRU rewards and fund an audit of the Trinity upgrade on the TrueFi ($TRU) lending protocol.
Wormhole ($W) will launch its W token, the native token of the Wormhole cross-chain bridge, on April 3rd.
The Grok 1.5 upgrade for the XAI ($GROK) project focused on artificial intelligence is expected to go live soon, according to the team.
The disparate array of developments highlights the constant stream of new activity and milestones across the dynamic crypto ecosystem. As always, investors should stay vigilant and do their own research.
