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“It unlocks the rest of the world for easy onboarding,” said CEO Ian Krotinsky.

Arthur Hayes told The Block that Covalent’s CQT token has been relatively undervalued compared to its rivals, such as The Graph, and he wants to help Covalent grow further.

Bullish traders from the past two weeks are currently underwater, exposing the market to potential long squeezes, K33 Research said.

Japanese investment firm Metaplanet has disclosed an additional bitcoin {{BTC}} purchase worth 250 million yen ($1.58 million), taking its total holdings up to 141 BTC ($9.4 million).

Initially the treasury will distribute MATIC tokens to builders on the Polygon blockchain with the plan slated to last a decade.

Mellow, a liquid restaking infrastructure project, has launched today, seeking to address the differing risk needs in the LRT market.

The program will tap into funds made available by Polygon’s Community Treasury, and the team shared that roughly 100 million POL tokens will be given out each year.

The launch comes after restaking platform EigenLayer started to threaten Lido’s dominance in Ethereum DeFi.

Centrist parties hold power, but a right-wing majority is active on polarizing issues. The crypto industry needs to choose what it stands for, and with whom it wants to work, says Dea Markova.