Crypto market maker and liquidity provider Wintermute has proposed a fee switch framework for the Ethena protocol. The main objective behind this move is to establish revenue alignment with sENA token holders and clarify Ethena’s protocol revenue structure. Wintermute’s Fee Switch Proposal According to Wintermute, sENA holders – those who have staked their Ethena tokens...Read More
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is now poised for a notable upside rally after breaking out from a strong resistance level. This crucial breakout occurred just after the U.S. presidential election results, where Donald Trump defeated Kamala Harris Why ETH Price is Rising? After Trump became president of the United States,...Read More
Gary Wang, the co-founder of the now-bankrupt cryptocurrency exchange FTX, is seeking to avoid prison time as he awaits sentencing scheduled for November 20 in Manhattan federal court. He has asked a federal judge to consider his cooperation in the fraud trial against his long-time friend and former FTX CEO, Sam Bankman-Fried, also known as...Read More
[PRESS RELEASE – New York, New York, November 7th, 2024] Bitcoin L2 Labs, a new organization focused on advancing Stacks core development and Bitcoin L2 adoption, announced its official launch today. The team aims to lead the next stage of Stacks protocol development and foster innovation within the Bitcoin ecosystem, building on the recent launch...Read More
[PRESS RELEASE – Wilmington, Delaware, November 7th, 2024] Rekt Brands Inc. (Rekt), the parent company behind the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property, is excited to announce the completion of a $1.5 million seed funding round. Funded exclusively by angel investors and the community—without institutional venture capital—this achievement highlights the...Read More
Wyoming Senator Cynthia Lummis has reiterated her commitment to establishing a strategic Bitcoin (BTC) reserve for the United States. The lawmaker, known for her strong pro-crypto stance, highlighted these plans following the recent Republican victories in the Senate, more so of largely digital asset-friendly legislators. Senator to Move Forward With Strategic BTC Reserve Bill In...Read More
Tron founder Justin Sun has offered Gary Gensler, the beleaguered chair of the U.S. Securities and Exchange Commission (SEC), a job. The offer came to light in a recent X post, in which Sun expressed his willingness to hire Gensler provided he could “genuinely treat the crypto industry with sincerity.” SEC Chair Gets a Lifeline...Read More
[PRESS RELEASE – Zurich, Switzerland, November 7th, 2024] Hyperbridge Launches on Polkadot with Support for Ethereum, Optimism, BNB Chain, and More Hyperbridge, the highly anticipated blockchain interoperability protocol, has officially launched, unlocking new possibilities for seamless cross-chain communication. Following its $2.5 million seed funding led by the Web3 Foundation and Scytale Digital, Hyperbridge now brings...Read More
[PRESS RELEASE – Victoria, Seychelles, November 7th, 2024] Bitget Wallet, a leading non-custodial Web3 wallet, has introduced Refer2Earn, the first long-term incentive program in the Web3 wallet space. This initiative allows users to earn by inviting friends to use Bitget Wallet, receiving a 10% bonus on airdrop rewards their referred friends claim through the wallet’s Earning...Read More
[PRESS RELEASE – Singapore, Singapore, November 7th, 2024] 0G Foundation in conjunction with Fjord Foundry are proud to announce its upcoming node sale on Fjord, web3’s leading capital formation platform. The sale will run from November 7th to 13th, offering participants valuation terms and an opportunity to lead in the decentralized AI space. 0G recently closed...Read More
Gary Gensler’s SEC has conducted one of the most aggressive regulatory crackdowns on the crypto industry in US history, viewing most digital assets as unregistered securities under decades-old finance laws. However, the recent Republican landslide at the polls could result in a rollback of enforcement action from the securities regulator, according to Bloomberg. Additionally, President...Read More
[PRESS RELEASE – Hamilton, Bermuda, November 7th, 2024] HashKey Global, the licensed digital asset exchange, is proud to announce the initial listing of the HashKey Platform Token (HSK). As the platform token of HashKey Group, HSK will be integral to the entire HashKey ecosystem, and enhance mass adoption from the global Web3 community. HashKey Global...Read More
Bitcoin climbed past $75,000 on Wednesday and $76,000 on Thursday morning, setting a fresh record before stabilizing near $74,500. Market experts remain optimistic about the cryptocurrency’s potential for further growth, fueled by expectations of a pro-crypto stance from Donald Trump’s administration. Data also suggests that significant volatility may continue in the near term, as reflected...Read More
Bitcoin prices reached a record high of $76,444 during late trading on Wednesday, building on previous price peaks earlier in the day. The move comes as the US presidential election results filtered in throughout the day and Donald Trump was declared the winner. Trump crossed the 270 electoral vote threshold with 295 to Kamala Harris’...Read More
By the terms stated in the P_KAMALAX24 and P_TRUMPX24 Settlement Event, the P_KAMALAX24 contract was settled at 0% and the P_TRUMPX24 contract was settled at 100% at 04:00 UTC on Thursday, 7 Nov 2024. As Donald J. Trump secured over 270 Electoral College votes (out of 538 Electoral College Votes) in the 2024 US Presidential...Read More
