There are Hot Developments for MANTA Coin and These 7 Cryptocurrencies! - Bithubi (2024)

Manta Pacific, Manta Network’s (MANTA Coin) layer-2 blockchain, rose to third place compared to TVL. LayerZero has launched its second version (V2) on main-net. ether Treasury minted another 1 billion USDT. TD Cowen investment bank announced its expectation for 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 information from L2 Beat, Manta Network’s (MANTA Coin) layer-2 Blockchain Manta Pacific rose to third place in the list of largest layer-2 projects according to TVL, following Arbitrum One and OP Mainnet. Thus, Manta Pacific’s TVL grew steadily, reaching a peak of $1.76 billion. Additionally, it has surpassed its rival Base’s $712 million among the 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 related to the Polkadot ecosystem. After raising $25 million in Series A, 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 optimizations 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 information resources. OEV Network is a private order flow auction platform. The platform necessarily sells the right to perform information source updates to the highest bidder. The winning bidder pays a price for performing the data source update. This allows the dApp to generate instant revenue on its native Blockchain.

Infrared completes $2.5 million seed financing

Infrared Finance announced that it has completed a $2.5 million seed round of financing. The fund was led by Synergis, a liquidity proof 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 local 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 minted 1 billion USDT once again 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 company specializing in crypto transfers and payment services, received a $5 million investment in the PYUSD stablecoin from PayPal, in addition to a $1.5 million cash investment from PayPal Ventures. Previously, Mesh (formerly Front Finance) was a 22-year-old company with the participation of lead investor Money Forward and Galaxy, Samsung Next, Streamlined Ventures, SNR.VC, Hike VC, Heitner Group, Valon Capital, Florida Funders, Altair Capital, Network VC and several angel investors. It had completed a million-dollar Series A financing.

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.com As you follow from , companies such as BlackRock and Fidelity have applied for spot Ethereum ETF. Last week, the US SEC once again postponed its decision on Grayscale Investments’ spot Ethereum ETF. Additionally, the SEC postponed other applications made 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 the analytics platform Lookonchain, Grayscale continues to sell Bitcoin at the same speed. Grayscale recently transferred another 6,534 BTC to CoinbasePrime. In this context, Lookonchain shared the following information:

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).