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Solv Protocol Raises $25M in Total Funding to Drive Bitcoin Staking Adoption, Potentially Unlocking $330B in Value

Solv Protocol Raises M in Total Funding to Drive Bitcoin Staking Adoption, Potentially Unlocking 0B in ValueSolv Protocol has raised $11 million in a strategic funding round, bringing its total funding to $25 million at a valuation of $200 million. This capital will advance the company’s mission to revolutionize Bitcoin staking through its Staking Abstraction Layer (SAL). The funding round attracted participation from prominent investors, including Laser Digital, Blockchain Capital, and […]

Bybit fully restores withdrawal system following biggest crypto hack of all time

Restaking via EigenLayer is now available on Kraken!

We’re constantly innovating to give our clients access to new technology. Today, we’re thrilled to announce the launch of Ethereum restaking via EigenLayer, a revolutionary new way to secure decentralized applications (dApps) with your staked ETH and earn additional staking rewards. What is Ethereum restaking and how does it work? Earning rewards is no longer […]

The post Restaking via EigenLayer is now available on Kraken! appeared first on Kraken Blog.

Bybit fully restores withdrawal system following biggest crypto hack of all time

Tezos Founder Josh Jarrett and Spouse Launch New IRS Lawsuit Over Staked XTZ Tokens

Tezos Founder Josh Jarrett and Spouse Launch New IRS Lawsuit Over Staked XTZ Tokens

The founder of Tezos (XTZ) and his wife are taking the IRS to court once again over the agency’s treatment of their staked XTZ tokens. In a new complaint filed with a Tennessee Federal court, Josh and Jessica Jarrett contend that newly minted tokens from staking should only be treated as taxable if they are […]

The post Tezos Founder Josh Jarrett and Spouse Launch New IRS Lawsuit Over Staked XTZ Tokens appeared first on The Daily Hodl.

Bybit fully restores withdrawal system following biggest crypto hack of all time

Boerse Stuttgart Unveils Insured Ethereum Staking on Bison Platform

Boerse Stuttgart Unveils Insured Ethereum Staking on Bison PlatformEuropean exchange group Boerse Stuttgart has announced a major step into Ethereum staking, offering users a secure, insured way to earn passive income through its Bison trading platform. By partnering with top German firms, Bison enables staking for as little as 0.005 ETH with weekly rewards. The service, currently only in Germany, promises annual returns […]

Bybit fully restores withdrawal system following biggest crypto hack of all time

Robinhood Crypto Launches Crypto Transfers for European Users

Robinhood Crypto Launches Crypto Transfers for European UsersRobinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility. Robinhood Crypto Rolls Out Crypto Transfers […]

Bybit fully restores withdrawal system following biggest crypto hack of all time

Ethereum’s value accretion narrative under duress after 19% drop in ETH DApp volumes 

ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.

Ether (ETH) has struggled to break above $2,450 for more than two weeks, and the recent 17% drop in Ethereum decentralized application (DApp) activity has raised concerns, particularly as it affects the layer-2 ecosystem. Traders are now questioning whether the current $2,250 support level will hold much longer.

On the positive side, Ethereum remains the dominant platform in terms of both activity and development, although competitors are gaining ground.

Top blockchains ranked by 7-day DApps volumes, USD. Source: DappRadar

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Bybit fully restores withdrawal system following biggest crypto hack of all time

Staking rewards of 12-16% come to XTZ on Kraken

Thanks to improvements made to Tezos’ reward issuance mechanism, which were brought on by the Paris Protocol update, you can now earn more on your XTZ when you stake with Kraken. Kraken is introducing Bonded staking for XTZ, which will allow XTZ holders to earn 12-16% APR on their coins. While Kraken has supported flexible […]

The post Staking rewards of 12-16% come to XTZ on Kraken appeared first on Kraken Blog.

Bybit fully restores withdrawal system following biggest crypto hack of all time

EigenLayer rolls out ‘major update’ to restaking contracts

The upgrade aims to enhance rewards for restakers. 

Eigen Labs, the developer behind EigenLayer, deployed a “major update” to the restaking protocol aimed at “making native [Ether] restaking on EigenLayer easier and more rewarding,” according to a Sept. 4 blog post.

The upgrade is designed to improve the performance of so-called EigenPods — EigenLayer’s restaking smart contracts for Ether (ETH) staked on Ethereum’s Beacon Chain — by granting users greater flexibility in harvesting or reinvesting staking rewards. 

“EigenPod users can now complete a checkpoint to restake their beacon chain ETH rewards on top of their existing EigenPod balance,” Eigen Labs said. “Beacon chain rewards are automatically restaked back into EigenLayer, enabling restakers to earn additional rewards.”

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Bybit fully restores withdrawal system following biggest crypto hack of all time

Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting

Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit 5 Before PlummetingOn Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The […]

Bybit fully restores withdrawal system following biggest crypto hack of all time