Amid heightened activity across the crypto market, the Base network also experienced renewed momentum. Data from L2Beat revealed that Base’s total value locked (TVL) surged by more than 5% over the last week, surpassing $10 billion for the first time, with Aerodome Finance leading the charge reflecting the meme coin trading dominance. Since September’s brief...Read More
Despite a bearish outlook across the cryptocurrency landscape, Ethereum (ETH), the world’s second-largest cryptocurrency, is poised for a notable upside rally. A bullish price action pattern and record interest from traders support this positive outlook. Ethereum Open Interest Hits Historic High On November 26, 2024, on-chain analytics firm Coinglass revealed that Ethereum’s (ETH) Open Interest...Read More
Howard Lutnick, US President-elect Donald Trump’s pick for Commerce Secretary, aims to launch a $2 billion project to lend dollars to clients who supply Bitcoin as collateral, according to Bloomberg citing people familiar with the matter on Nov. 24. Funding for the program will start at $2 billion and is “expected to eventually reach into...Read More
Digital asset investment products experienced a record-breaking week, with $3.13 billion in inflows, pushing total investments since mid-September – the start of US interest rate cuts – to $15.2 billion. According to CoinShares, year-to-date inflows have soared to $37 billion, thereby setting a new milestone and outshining the initial success of US Gold ETFs, which...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, November 25th, 2024] Web3 game studio Qooverse has secured pre-seed funding in a round led by VC firm Paper Ventures, followed by Animoca Brands, Merit Circle, and notable angels in the industry. Founded by a creative team whose professional background includes time at Tencent and Goldman Sachs, Qooverse...Read More
The business intelligence giant founded and guided by Michael Saylor has done it again on a Monday, breaking its own record for the largest single bitcoin purchase. In this week’s edition, MicroStrategy said it bought 55,500 BTC for an average price of just under $98,000. MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862...Read More
Pump.fun, the popular Solana-based meme coin generator, is facing intense backlash for its livestream feature, which has devolved into a disturbing hub for exploitative and extreme behavior. Initially designed to allow developers to promote their projects, the platform has instead become a breeding ground for troubling content. Extreme Stunts on Pump.fun for Profit Reports reveal...Read More
Sky Mavis, the developer behind the blockchain-based game Axie Infinity, has announced a 21% reduction in its global workforce. This move is part of a larger restructuring plan to secure the company’s future stability and development. Core Products and Future Growth According to a local media report, this decision will impact approximately 50 employees out...Read More
Crypto markets have been rallying for the past several days, however, things are starting to cool, with most digital assets correcting as this week begins. The robust economic backdrop, coupled with the expected policy changes under Donald Trump’s administration, supports an optimistic outlook for crypto and tech stocks, especially assets associated with artificial intelligence. Economic...Read More
The organization that operates the social media platform Truth Social has applied to trademark the name “TruthFi” in anticipation of creating a digital currency payment service. Trump Media and Technology Group (TMTG) is primarily owned by U.S. President-elect Donald Trump, who promised to support crypto adoption during his presidential campaign. Trump Media to Expand Business...Read More
