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The event we are bringing to Hong Kong on May 8–9 is bundled with a number of engaging and valuable activities, and a hackathon is definitely one of them. Developers are the fuel of Web3, and we are super excited to contribute with talents and new projects coming out after these 48 hours. Join us this May!

For now, NFT projects can apply directly to the WhiteList Zone, while token sale projects are primarily sourced through partners. However, any project can apply for an “access whitelist," which provides early access to exclusive events or limited communities. WhiteList Zone plans to bundle these access whitelists with additional perks from partners and its user community, creating a valuable opportunity for investors.

But even high-profile projects can fail, underscoring the inherent risk in any Web3 investment. “Anyone involved in Web3 investment should DYOR for a project they’re going to get in,” he noted. The speaker advised examining elements such as the strength of community engagement on social platforms, the percentage of real followers versus bots, the professionalism of the project’s website, and partners or backers.

The memecoin frenzy helps Solana overtake Ethereum in DEX activity, and over $200 million of positions could be liquidated if the Ether price falls below $3,100.

The decision to release Kwon reportedly came from the Council of the Supreme Court, which is set to review a decision that could grant or deny extradition to his native South Korea.

Swiss-based global digital asset banking group Sygnum will invest $50 million in the Fidelity Institutional Liquidity Fund on behalf of its client Matter Labs. Those funds will be tokenized as the first step in Matter Labs’ long-term strategy to move all of its treasury reserves on-chain with institutional custodians. The funds will be tokenized onto the Ethereum-based zkSync layer-2 blockchain, which Matter Labs curates. The tokenized funds will represent part of Matter Labs’ holdings in the Fidelity Institutional Liquidity Fund, an open-ended $6.3-billion umbrella for money-market funds that is domiciled in Ireland.

Blockchain records indicate that the said address has sold numerous NFTs linked to Milady, including NFTx staked ones, and has transferred $1 million worth of Ether to another address.

Nathaniel Luz, the CEO of Flincap — a liquidity platform for crypto exchanges — said that several Nigerian traders who make a living from trading peer-to-peer on Binance are now affected. However, Luz said that some are trading on WhatsApp and Telegram groups. According to the chief marketing officer of Flincap, Oladotun Wilfred Akangbe, the continuing uncertainty surrounding cryptocurrency regulation in Nigeria and the decision to halt Binance operations can undermine the confidence of many people in the space. He added that it could lead to massive fear, uncertainty and doubt in Nigeria’s crypto space.

Local cryptocurrency stakeholders have lamented the current ban on Binance naira operations in Nigeria, stating it will affect the livelihoods of many Nigerians and could increase youth unemployment in the country. In separate interviews with Cointelegraph, local crypto stakeholders said the delisting of Nigerian naira-related services from Binance will lead to the rise of new crypto exchanges, which will fill the vacuum created by Binance’s exit by complying with local regulations.

The hackathon offers two tracks for participants to compete in. The first is “startup,” where developers compete to launch innovative products contributing to mass adoption. The second is “tooling and infra,” which aims to build for the Web3 developer community.

Users can download, play and rate games and compete in esports tournaments under one digital roof. With an emphasis on gaming assets, QORPO Market, the ecosystem’s community marketplace, enables users to buy, sell and trade NFTs and digital collectibles.

In an X post, Solano said he is “stepping back in” as the NFT company’s CEO, saying he’s ready to take the reins and bring the firm to a new chapter.

Greg Solano, one of the creators behind the popular Bored Ape Yacht Club collection, has become the new CEO of Yuga Labs. Solano, who also co-founded the company, will replace Daniel Alegre, who has been CEO since April 2023.

NFTs based on Solana have reached a new all-time sales volume milestone. On Feb. 23, NFT data tracker CryptoSlam showed that the all-time sales volume for Solana NFTs already exceeded $5 billion. In addition, the total number of NFT transactions on the blockchain has also reached

After a four-month slump, Solana NFTs picked up in October 2023, with a 192% jump in sales volume from $28 million to $82 million. The momentum continued through December 2023, when the chain recorded its second-highest monthly sales volume of $365 million.