NEW: Pantera Invests in TON Blockchain, Aiming for Telegram User Expansion

Pantera Capital, a major player in the crypto venture space with assets totaling over $5 billion, has announced a significant investment in The Open Network (TON). Originating from Telegram, TON is a Layer 1 blockchain network championed by the open-source community. With over 900 million monthly active users on Telegram, TON is poised to push crypto into the mainstream, leveraging Telegram’s expansive user base which boasts over 1 trillion channel views each month. Additionally, Telegram has integrated Tether (USDT) payments through TON, offering a transaction fee of approximately $0.10, significantly undercutting other platforms by 66%.

The investment aligns with Pantera’s strategy to foster crypto usage through accessible, scalable networks. Recently, TON climbed to the 10th spot in global cryptocurrency rankings with a market cap of $16.8 billion. Pantera is also expanding its portfolio, raising a new $1.25 billion fund targeting a mix of startup equity and early-stage tokens. This initiative highlights Pantera’s commitment to nurturing the crypto ecosystem, amid purchasing discounted Solana tokens and planning a substantial fund close by April 2025.

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Script State from Lamport Signatures

The last six months or so have seen several proposals for improvements to Bitcoin Script: CAT, 64-bit arithmetic, as well as some older ideas (CTV) and far-future ideas (Chialisp and Simplicity). This activity has largely overshadowed some revolutionary changes in our understanding of the existing Bitcoin Script, changes which form the basis of BitVM but which may also form the basis of other, equally-exciting improvements.

This article tries to summarize and organize research into Script by other people. I make no claim to originality or authorship of anything described here.

Bitcoin Script

As many readers are aware, Bitcoin Script is a simple programming language embedded in the Bitcoin…

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Coinbase earnings show a bullish start to the year

Coinbase’s earnings seem to show that crypto is ready for a bull market, if it’s not in one currently. 

The company impressed Wall Street with its earnings on Thursday, posting beats across the board.

Coinbase also reported that Base was continuing to see adoption. 

“We are seeing early product market fit with Base, our layer-2 solution, where developer activity has surged and Base has processed over 2x more transactions than Ethereum in the last 30 days,” Coinbase said in its earnings letter. 

Stablecoin revenue also jumped 15% quarter over quarter to $197 million. 

“The primary driver was higher USDC market capitalization, which is the total amount of USDC in…

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LATEST: Dormant Ethereum Address with 1,969 ETH Activated After 8.8 Years

A dormant Ethereum wallet containing 1,969 ETH (worth around $5.9 million) has come to life after 8.8 years. This significant development, highlighted by prominent cryptocurrency tracker Whale Alert, marks the reactivation of a wallet that remained dormant since Ethereum’s ICO ended in 2015. This event follows another awakening, where a wallet linked to the Ethereum Foundation transferred nearly 2,000 ETH, valued at $6.5 million, to a new address. Market reactions to these activities have historically been negative, sparking concerns about potential Ethereum dumps.

In recent days, Ethereum whale activity has surged, with 139,560 new ETH wallets being created in a single day on April 29, as noted by analyst Ali Martinez. This sudden influx followed a notable price dip of 12.16%, presenting an opportunity that traders eagerly seized. With this increased activity, the Ethereum network has expanded rapidly, indicating heightened interest and investment.

Whale Alert