Stage Raises $2.4M Ahead of BNB Chain Token Launch
Web3 music platform Stage has completed a $2.4 million funding round with participation from RR2 Capital, Moonrock Ventures, Cogitent Ventures, and Kraken US's CEO. The platform plans to launch its STAGE token on BNB Chain, marking a significant step toward decentralized music distribution.
Key Features:
- Blockchain-powered artist compensation
- Transparent royalty distribution via smart contracts
- Upcoming STAGE token utility for fan engagement
Curve Finance Prioritizes User Withdrawals Amid Market Volatility
Curve founder Michael Egorov addressed recent platform stress tests, emphasizing:
"Our priority is ensuring all users can withdraw deposits without friction. The recent market conditions provided valuable data for building the most resilient DeFi lending protocols."
The team is implementing enhanced security measures expected to roll out within months, potentially setting new DeFi safety standards.
Daily Crypto Briefing: June 14 Highlights
- Institutional Moves
MicroStrategy priced $700M in convertible notes for additional Bitcoin acquisitions. Regulatory Developments
- Nigerian tax charges against Binance executives withdrawn
- SEC confirms smooth progress for spot Ethereum ETF registrations
- Community Governance
Cardano transitions control of its $681.9M treasury to community voting. - Political Influence
Crypto firms amass $160M to support pro-industry U.S. political candidates.
Merlin Chain Announces Upcoming MERL Airdrop
The Bitcoin Layer-2 solution revealed:
- Cross-chain withdrawals enabling L2→L1 transfers
- Phantom technology converting BTC assets into tradable tokens
- Scheduled MERL token distribution next week
GameStop Speculation: Roaring Kitty's $262M Stake
Keith Gill ("Roaring Kitty") increased his GME position to 9M shares ($262M value), sparking rumors of potential board membership. This follows his historic 2021 short squeeze campaign.
FAQ: Your Crypto Questions Answered
Q: How does Stage's Web3 model benefit musicians?
A: By eliminating intermediaries through blockchain smart contracts, artists receive higher royalty percentages with transparent, real-time payout tracking.
Q: What makes Curve's lending protocol unique?
A: Its concentrated liquidity design allows efficient stablecoin trading with lower slippage, though recent upgrades focus on improving liquidation safeguards.
Q: When can users expect the MERL airdrop?
A: Merlin Chain confirms distributions begin next week following testnet updates—participants should monitor official channels for eligibility details.
Q: Why is Roaring Kitty's GME investment significant?
A: His continued accumulation suggests long-term belief in GameStop's Web3 transformation, potentially influencing traditional finance adoption of blockchain strategies.
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All investment involves risk. This content does not constitute financial advice.