Manta Pacific, Manta Network’s (MANTA Coin) layer-2 blockchain, rose to third place according to TVL. LayerZero has launched its second version (V2) on main-net. ether Treasury minted another 1 billion USDT. Investment bank TD Cowen announced its expectation regarding the approval of the spot Ethereum ETF. And more!
There is news from ETH, BTC, USDT, MANTA Coin and these 4 crypto projects
Manta Pacific’s (MANTA Coin) TVL rises with multiple development strategies
According to data from L2 Beat, Manta Network’s (MANTA Coin) layer-2 blockchain Manta Pacific has risen to third place in the list of largest layer-2 projects according to TVL, behind Arbitrum One and OP Mainnet. Thus, Manta Pacific’s TVL grew steadily, reaching a peak of $1.76 billion. It also surpassed rival Base’s $712 million among layer-2 blockchains with the highest TVL in the crypto market. Manta Coin is a layer-1 based on Substrate infrastructure. Also, it is a project belonging to the Polkadot ecosystem. After raising $25 million in a Series A round, the project shifted its focus to developing tier-2 Manta Pacific in September 2023.
Omnichain protocol releases LayerZero V2
LayerZero connects multiple blockchains. Thus, it makes cross-chain collaboration possible. The protocol has now launched its second version (V2) on main-net. The new version brings many new features and improvements that improve the security, flexibility and user experience of the LayerZero ecosystem.
API3 announces the launch of OEV Network, the ZK-Rollup platform
Decentralized Web3 oracle API3 announced the launch of OEV Network, the ZK-Rollup platform that captures OEV generated by dApps using on-chain API3 data sources. OEV Network is a private order flow auction platform. The platform sells the right to perform certain data source updates to the highest bidder. The winning bidder pays a fee when performing the data source update. This allows the dApp to generate instant revenue on its native blockchain.
Infrared closes $2.5 million seed funding round
Infrared Finance announced that it has completed a $2.5 million seed financing round. The fund was led by Synergis, a proof-of-liquidity infrastructure in the Berachain ecosystem. Additionally, financing was provided by NGC Ventures, Tribe Capital, CitizenX, Shima Capital, Dao5, Signum Capital, Ouroboros Capital, Decima, Oak Grove Ventures, DoraHacks, Tenzor Capital, Alex Shin, Albert Chon, Charles Lu, Mr. Block, Chris Spadafora and DCFGod attended. Infrared aims to support liquidity staking of the Berachain ecosystem under the Proof-of-Liquidity (PoL) framework. It will use these funds to advance infrastructure development, including its validator network, PoL insurance pool, and native liquidity stake token (LST) iBGT.
Tether Treasury has minted a total of 13 billion USDT since October 2023
According to Lookonchain’s monitoring on January 29, Tether Treasury once again minted 1 billion USDT an hour ago. Tether Treasury has minted a total of 13 billion USDT in Ethereum and Tron since October 20, 2023.
Crypto startup Mesh receives $6.5 million investment from PayPal
According to Fortune magazine, Mesh, a startup specializing in crypto transfers and payment services, has received a $5 million investment from PayPal in the PYUSD stablecoin, in addition to a $1.5 million cash investment from PayPal Ventures. Previously known as Mesh (formerly Front Finance), lead investor Money Forward and 22 with participation from Galaxy, Samsung Next, Streamlined Ventures, SNR.VC, Hike VC, Heitner Group, Valon Capital, Florida Funders, Altair Capital, Network VC and several angel investors. It completed a million-dollar Series A financing round.
Investment bank TD Cowen does not expect spot Ethereum ETF by this date
Investment bank TD Cowen does not expect the SEC to approve an Ethereum ETF for spot trading in 2024. cryptokoin.comAs you follow from , companies such as BlackRock and Fidelity have applied for a spot Ethereum ETF. Last week, the US SEC once again postponed its decision on Grayscale Investments’ spot Ethereum ETF. Additionally, the SEC postponed other filings filed earlier this month. TD Cowen expects the SEC to approve a spot Ethereum ETF by late 2025 or early 2026.
Grayscale continues to sell Bitcoin
According to analytics platform Lookonchain, Grayscale continues to sell Bitcoin at the same pace. Grayscale recently transferred another 6,534 BTC to CoinbasePrime. In this context, Lookonchain shared the following data:
Grayscale deposited 6,534 BTC ($274.95 million) to Coinbase Prime 25 minutes ago. Grayscale has deposited 119,663 BTC ($4.91 billion) into CoinbasePrime since the ETF was adopted. And Grayscale currently holds 495,290 BTC ($20.76 billion).
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!