Aurelia Butler

CMCC, a $500 million venture capital firm backed by the Winklevoss twins and Richard Li’s Pacific Century Group, has previously funded key blockchain projects, including Solana. BoxBet plans to capitalize on Telegram’s vast user base of 900 million monthly active users, integrating its platform to offer a seamless gaming experience. Central to its ecosystem is the $BXBT token, a deflationary asset designed to align user participation with platform growth. As part of its launch strategy, the company is initiating a “Bet-to-Earn Airdrop,” giving users a stake in its operations from the start.The company said it intends to use the fresh funding to expand its presence in regulated markets by securing licenses and scaling operations. “The financing will support significant marketing initiatives, including partnerships with major sports franchises, to drive user acquisition and elevate brand visibility,” BoxBet said in a press release. Moreover, it will allow BoxBet to build out its team by recruiting talent from the iGaming and technology sectors to strengthen its execution capabilities.“We’re impressed by the BoxBet team’s expertise and their ability to execute,” said Martin Baumann, Managing Partner at CMCC Global. “They have the potential to transform the iGaming sector and build a globally recognized platform that changes how users engage with betting.”BoxBet has formed several strategic alliances, including a collaboration with a prominent privacy-focused browser in India and planned marketing initiatives with leading sports franchises across Latin America and Asia.  More

Bitcoin prices topped $98,000 for the first time during European trading, and were last up around 4% on the day.The cryptocurrency’s price has more than doubled this year and is up about 40% in the two weeks since Trump was voted in as the next U.S. president and a slew of pro-crypto lawmakers were elected to Congress.”While it’s now firmly into overbought territory, it is being drawn toward the $100k level,” said IG Markets analyst Tony Sycamore.Trump embraced digital assets during his campaign, promising to make the United States the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin.More than $4 billion has streamed into U.S. listed bitcoin exchange-traded funds since the election. This week, there was a strong debut for options on BlackRock (NYSE:BLK)’s ETF, with call options – bets on the price going up – more popular than puts.Crypto-related stocks have soared along with the bitcoin price and shares in bitcoin miner MARA Holdings were up nearly 14% overnight, while MicroStrategy, a loss-making software company that has been buying bitcoin, rose 10% to take its market capitalisation beyond $100 billion.”Many are wondering if this administration will bring the regulatory clarity the crypto community has been waiting for. It’s likely too soon to say,” said Will Peck, head of digital assets at WisdomTree, a global exchange-traded fund issuer. “We see all of this excitement as bullish not only for bitcoin or crypto broadly, but the entire blockchain-enabled ecosystem that is growing today.” More

DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem.The project’s developers project daily revenues of $1 million in ETH, assuming a daily DEX trading volume of $200 million. With low transaction fees and a streamlined user interface, DegenLayer seeks to provide a gateway for mainstream users to engage in blockchain-based trading and creation.The project’s native token $DELAY was fair launched on Uniswap last week, and is set to be listed on one of the top 15 CoinGecko-ranked exchanges next week, providing access to the token to their 10 million+ user community.The project is powered by a 60+ person team behind notable successes including PunksClub.io the CryptoPunk social network, Music.com (developed with Pharrell Williams), and AAA games like The Witcher 3 and Dying Light 2. The founding team previously achieved remarkable success with SuperBid, driving token value from $0.01 to $12 in 2021.About DegenLayerDegenLayer is a trading terminal and Ethereum Layer 2 blockchain designed to make memecoin trading accessible to mainstream users. Built on Optimism technology, the platform offers low-cost, high-speed transactions and a zero setup interface for memecoin trading and creation. Backed by a team with expertise in Web3, gaming, and entertainment, DegenLayer aims to bring innovative blockchain solutions to the global market.For more information about DegenLayer and its revolutionary approach to memecoin trading, users can visit https://degenlayer.wtf. Media inquiries can be directed to [email protected] [email protected] article was originally published on Chainwire More

Arcana Network is thrilled to announce the launch of the Arcana Wallet Beta, now available on the Chrome Store, setting a new standard in blockchain accessibility and user experience through its pioneering Chain Abstraction Protocol. Built as the first Externally Owned Account (EOA) wallet to leverage Chain Abstraction, Arcana Wallet enables a frictionless, multi-chain experience where users can spend assets across Ethereum, Base, Polygon, Arbitrum, and Optimism seamlessly, with 20+ new chains coming soon.The Chrome Extension wallet is available at www.arcana.network/walletUnified Balance: Spend your assets held across chains, in 1-click, without bridgingArcana Wallet offers a range of features designed to eliminate fragmentation and provide users with streamlined access to decentralized finance. Through Arcana’s Chain Abstraction protocol, users can now manage their aggregated USDC, USDT, and ETH balances across multiple networks, all in a single wallet interface, and spend these funds instantly on any supported chain without the need for bridging.At its Beta launch, Arcana Wallet supports popular dApps, including Uniswap, Aave, Polymarket, Hyperliquid, and Jumper, with compatibility for additional applications and chains on the horizon. From currently supporting Ethereum, Base, Polygon, Optimism, and Arbitrum, the protocol aims to scale support to +20 EVM and non-EVM L1s, L2s, and appchains. Allowing users to manage funds from any of the integrated networks, it will mark a significant step toward a unified blockchain ecosystem.Arcana’s Chain Abstraction SDKTo cater the developer community, Arcana Network is also launching the Chain Abstraction SDK, enabling developers to implement Arcana’s Chain Abstraction features in their own dApps. The SDK is intended to provide a versatile toolkit for developers to build chainless user experiences and simplify blockchain interactions for end users, helping to grow Arcana’s vision of a unified Web3 UX.Joining the Arcana CommunityAs the Arcana Wallet Beta moves through its Testnet phase, feedback from users and partners will help shape the next generation of blockchain interactions.Users can download Arcana Wallet from the Chrome Store and experience the power of Chain Abstraction: Arcana Wallet Chrome StoreAbout Arcana NetworkArcana Network is a leading Chain Abstraction Protocol, powered by an Appchain, with the mission to transform the Web3 UX.Since its inception in 2021, Arcana Network has introduced products that make web3 effortless, with more than 4 million wallets generated, 500,000 active users, and 6 million transactions to date. The upcoming Chain Abstraction Protocol built on a Cosmos Appchain and powered by $XAR, is the next evolution in simplifying Web3.$XAR is the utility token that captures protocol fees, secures the network, incentivises early adopters, and rewards resource providers.Arcana Network’s innovative technology is backed by prominent investors, including Balaji S., Polygon founders, John Lilic, Santiago Roel, and investment funds such as Woodstock, Fenbushi, Republic, Polygon Ventures, DCG, LD Capital and others.Website | Twitter | Telegram | YouTubeContactMarketing ManagerAndria EfstathiouArcana [email protected] article was originally published on Chainwire More