The crypto world loves a good shortcut. Magic Eden's acquisition of Slingshot, promising seamless cross-chain trading with a single USDC balance, sounds like a dream: ditching the multi-wallet madness and gas-guzzling bridge tolls. Before we anoint Magic Eden as the new hero of crypto convenience, let’s pump the brakes. Are...
Magic Eden, the largest non-fungible token (NFT) marketplace by volume, has acquired Slingshot, it said Thursday. This ambitious move is a strong signal of Bitfinex’s intent to compete head-to-head with centralized exchanges. The acquisition brings in an experience-first approach for users to buy and sell crypto seamlessly across the web3....
The rebound was led by institutional cryptocurrency trading, which saw volumes rocket by 141% YoY in Q1 2025. The stablecoin sector became the most productive sector during this time. That rapid growth happened despite the fact that Bitcoin prices were crashing at the very same time, registering their largest quarterly...