AD

AD

News Explorer — Pudgy Penguins Parent Plots Ethereum Layer-2 After Frame Acquisition

Generated by AI, curated by humans

Jul 1, 11:11 am

luckytrader.com

Pudgy Penguins Parent Plots Ethereum Layer-2 After Frame Acquisition

Igloo, Inc., the parent company of Pudgy Penguins, has acquired the Frame team to develop a new Ethereum Layer 2 blockchain called Abstract. The co-founders of Frame, Cygaar and Beans, will join Igloo to contribute to the development of Abstract, which aims to revolutionize consumer crypto and onboard the next generation of users.

Igloo, Inc., the parent company of Pudgy Penguins, has acquired the Frame team to develop a new Ethereum Layer 2 blockchain called Abstract. The co-founders of Frame, Cygaar and Beans, will join Igloo to contribute to the development of Abstract, which aims to revolutionize consumer crypto and onboard the next generation of users.

Latest

Jul 4, 12:21 pm

Decrypt

Bitcoin Price Falls Below $57,000 as Mt. Gox Readies for Repayments

The Bitcoin price has dropped below $57,000, reaching a low of $56,950, the lowest since early May. This decline is attr... Read Summary

Jul 4, 11:28 am

Decrypt

German Government Has Transferred 1,300 Bitcoin to Exchanges

The German government has transferred approximately 1,300 Bitcoin to major cryptocurrency exchanges, causing a decline i... Read Summary

Jul 4, 9:58 am

Decrypt

Friend.tech Reverses Decision to Leave Base, Causing FRIEND Token Price to Hit All-time Low

Decentralized social media platform Friend.tech has decided to keep its token and liquidity on Coinbase-incubated layer-... Read Summary

Jul 4, 8:16 am

Cointelegraph

Dogwifhat Las Vegas Sphere Team '90% Confident' Campaign Will Go Ahead

The organizers of the crowdfunding campaign to put the Solana memecoin Dogwifhat mascot on the Las Vegas Sphere are "90%... Read Summary

Jul 4, 7:01 am

Unchained Crypto

Ethereum Earns the Highest Fee Revenue of $2.7 Billion Per Year, While Its Average Gas Fee Is Currently at Its Lowest Level in Years

According to blockchain analytics firm Lookonchain, Ethereum leads the pack in fee revenue among the top ten blockchains... Read Summary

Jul 4, 1:16 am

Unchained Crypto

Symbiotic, a New Restaking Protocol, Has Quickly Gained Over $1 Billion in Smart Contracts

Symbiotic, a nascent restaking protocol, has attracted over $1 billion in smart contracts in less than a month. Its tota... Read Summary

Jul 4, 12:14 am

Decrypt

Falling Bitcoin, Ethereum Prices Trigger Over $200 Million in Crypto Liquidations

The price of Bitcoin dropped below $60,000, leading to a spike in liquidations in the crypto market. Despite the fall, optimism among analysts still remains. Read Summary

Jul 3, 10:26 pm

Decrypt

Bitcoin Mining Metrics Suggest the Price of BTC May Be Nearing a Price Bottom

Blockchain data suggests that the Bitcoin mining industry is experiencing a period of capitulation, indicated by a signi... Read Summary

Jul 3, 10:01 pm

Decrypt

Bitwise's Updated Filing Signals the Imminent Launch of Ethereum Spot ETFs

Bitwise has submitted an updated registration statement for its proposed Ethereum ETF, revealing plans to waive fees. Th... Read Summary

Jul 3, 9:37 pm

Decrypt

Notcoin and Helika Launch Telegram Gaming Accelerator

Notcoin, a popular Telegram-based game, has partnered with analytics firm Helika to establish a Telegram Gaming Accelera... Read Summary

Jul 3, 7:58 pm

The Defiant

BLAST Falls as Ethereum Layer-2 Network Reveals Next Moves

Blast's token has experienced a 15% drop in value after the Ethereum layer-2 network released details about its Season 2... Read Summary

Jul 3, 7:43 pm

Decrypt

Rumors of Grand Theft Auto 6 Accepting Cryptocurrency Resurface, But Nothing Has Been Confirmed

Rumors of Grand Theft Auto 6 incorporating cryptocurrency have resurfaced, with a Twitter influencer claiming that Bitco... Read Summary

Jul 3, 5:10 pm

Decrypt

Kamala on Top: VP Flips Biden in Democratic Nominee Prediction Markets

Crypto prediction market shows a 73% chance that President Biden will drop out of the 2024 election amid concerns over h... Read Summary

Jul 3, 4:15 pm

Decrypt

Solana Meme Coin Cat Mew Joins Telegram Fighting Game 'PixelTap'

Mew, a cat based on the Solana meme coin Cat in a Dogs World (MEW), is joining a popular Telegram-based combat game call... Read Summary

Jul 3, 1:48 pm

Protos

Fraudulent Crypto Hedge Fund Must Pay Back $84 Million

A US federal court has ordered Sam Ikkurty, the owner of a fraudulent crypto hedge fund, to pay back nearly $84 million... Read Summary

AD