The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.
MegaLabs, the developer of a new blockchain called MegaETH, has raised $20 million in a seed funding round at a ‘9-figure’ token valuation.
The U.S. Supreme Court ruled Thursday to strip the U.S. Securities and Exchange Commission (SEC) of one of its key enforcement processes, deciding in a 6-3 vote that the federal agency’s use of in-house judges is a violation of the constitutional right to a jury trial.
CleanSpark’s operational power is expected to reach 100 MW by the end of the year, with the goal of achieving 400 MW by 2026.
Ten years from now, decentralized organizations will be the new leading class, with the FAANGs of the world as specialized service providers. Who will lead distribution is even more intriguing, says Alex Felix, Co-Founder and Chief Investment Officer of CoinFund.
Daniel Andrade, co-founder of Hotspotty, was deep in the DePIN space before it had a name. More than an incremental innovation for crypto, he sees it as a fundamental shift in how we manage everything from wireless networks to energy grids.
Sean Carey, the co-founder of Helium, says decentralized physical infrastructure (DePIN) can solve real problems while rewarding users. This is what he expects to see in the future.
For fans of crypto, ETFs, or both, the potential spot ether ETF launch has carried on the excitement that began earlier this year with the spot bitcoin ETF launch.
GSR trumpeted Solana’s “superior technology” and a changing U.S. political landscape for why a spot SOL ETF could be next in line.
A research firm Coinbase contracted is suing the U.S. Securities and Exchange Commission (SEC) and a federal banking agency, accusing them on Thursday of failing to produce documents under open-records laws that would shed light on the regulators’ views on cryptocurrencies.
