Shiba Inu (SHIB), the popular and second-largest meme coin, is now poised for a significant upside rally after consolidating for more than six weeks. It has been observed that while top crypto assets experience notable upside rallies, SHIB remains in a consolidation phase and appears to be struggling. Why is the SHIB Price Increasing? Recently,...Read More
The total amount raised in the crypto industry during October 2024 saw a significant increase of 96% month-over-month, reaching $1.76 billion. According to Messari’s latest report, this represents the highest level of fundraising activity since November 2023. 282 Crypto Deals in October The report shows that the deal count in October increased by 25% compared...Read More
Jack Dorsey’s payments and blockchain infrastructure company, Block Inc., is shifting its focus to develop new tools for Bitcoin miners and enhance its self-custody crypto wallet. According to the latest shareholder letter, the firm plans to reduce its investment in TIDAL, Jay-Z’s former music streaming platform, while also winding down TBD, its Bitcoin-focused unit that...Read More
[PRESS RELEASE – New York, Ny, November 9th, 2024] In a strategic move to enhance AI-driven innovation within the meme economy, Gort, a prominent meme cryptocurrency on the Solana blockchain, has donated a portion of its token supply to ai16z. This collaboration aims to develop advanced AI products that will elevate engagement, creativity, and monetization...Read More
The CEO of WonderFi, a prominent Canadian cryptocurrency holding company, was reportedly hijacked during rush hour in Toronto and later released after paying a ransom of a million Canadian dollars, or about $720,000. Dean Skurka was forced into a vehicle by assailants on Wednesday but was released unharmed after the money was paid. Skurka Reassures...Read More
Within a few days after the conclusion of the United States presidential elections, investor sentiment in the crypto derivatives market has changed, revealing a major shift towards bullishness and a huge appetite for leveraged long positions. According to a crypto derivatives analytics report by the leading digital asset trading platform Bybit, in partnership with the...Read More
On November 6, the Republican presidential nominee, Donald Trump, won the United States elections, becoming the country’s 47th president. His victory triggered all forms of reaction across several financial assets as market participants rejoiced or expressed disappointment in the election outcome. A tweet by on-chain analytics firm Santiment has revealed that the crypto and equities...Read More
The spot Bitcoin ETFs have had a particularly strong year and BlackRock’s IBIT has been at the forefront for most of the inflows. This week was particularly positive for the largest BTC ETF as it broke its own record on November 7 – the day after the US election results came out – and attracted...Read More
Dogwifhat (WIF), the leading meme coin on Solana, now shows potential for an upward rally as it has formed a bullish price action pattern on the four-hour time frame. It has been nearly three days since significant upward momentum has been observed across most cryptocurrencies. Meanwhile, WIF has remained stable with no major price fluctuations....Read More
Detroit residents will soon be able to pay their taxes and other city fees with cryptocurrency as part of the city’s drive to modernize and attract blockchain businesses. According to the local Office of Treasury, when it launches in mid-2025, this new payment option will make Detroit the largest U.S. city to accept cryptocurrency payments....Read More
U.S. Securities and Exchange Commission (SEC) official Mark Uyeda has called for a shift in the agency’s handling of cryptocurrency regulations. The sentiment from the commissioner, a member of the Republican party, aligns with President-elect Donald Trump’s campaign promise to halt the Biden administration’s aggressive stance towards the digital asset industry. Pause in SEC’s Enforcement...Read More
The decentralized finance (DeFi) sector has experienced explosive growth over the years, but several challenges are causing slower institutional adoption. With its total value locked above $100 million, DeFi has yet to remove the strongholds preventing institutions from getting involved in the sector. Crypto market intelligence platform IntoTheBlock believes these challenges are multifaceted; hence, DeFi...Read More
[PRESS RELEASE – George Town, Grand Cayman, November 8th, 2024] Zircuit, the chain where innovation meets security, is thrilled to announce the success of its EIGEN Fairdrop initiative. With a first-of-its-kind distribution of 2% of ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of fairness and inclusivity in the Ethereum staking ecosystem,...Read More
[PRESS RELEASE – Dubai, UAE, November 8th, 2024] Liquid Lama, a pioneer in decentralized finance (DeFi), is set to debut on ApeChain with an advanced DeFi platform that combines security and community support. This innovative platform is specifically designed to address key challenges for liquidity providers (LPs). Developed after a careful analysis of the evolution...Read More
Coinbase has announced the expansion of its wrapped Bitcoin product, cbBTC, to the Solana blockchain. Originally launched in September, cbBTC was initially available only on Ethereum and Coinbase’s native Layer 2 Base blockchain. Now on Solana, it will exist as a Solana Program Library (SPL) token, which can represent both fungible and non-fungible assets. Coinbase’s...Read More
The Ethereum Foundation holds $970.2 million in its treasury, according to the newly released report. This includes $788.7 million in crypto and $181.5 million in non-digital asset investments. A major 99.45% of the foundation’s crypto holdings are in ETH, which represents 0.26% of the total ether supply as of that date. By prioritizing ETH for...Read More
Donald Trump’s win triggered massive gains for not just digital assets but also crypto-related stocks, and ETF flows on November 6 and 7 as stakeholders await potential regulatory clarity, legislative advancements, and expected shifts within the Securities and Exchange Commission. Following the results, data showed billions worth of ERC-20 stablecoins flowing into exchanges. This could...Read More
[PRESS RELEASE – Gros Islet, St. Lucia, November 8th, 2024] SingularityDAO, SelfKey, and Cogito Finance have agreed to form Singularity Finance after the communities approved the merger. SDAO and KEY token-holders voted overwhelmingly in favor of the proposal. The merger follows a governance vote in which the SingularityDAO (SDAO) community approved the proposal. Of more...Read More
[PRESS RELEASE – Nicosia, Cyprus, November 7th, 2024] Elizzarda announced the addition of the Solana (SOL) cryptocurrency to the list of available payment options. Players can now use Solana to access a variety of games on Elizzarda. Special promotions related to the use of Solana will also be launched soon, bringing additional benefits to players. Advantages...Read More
As the 10th biggest cryptocurrency centralized exchange on CoinMarketCap, based on traffic, liquidity, and trading volumes, KuCoin is back in the game. As the bull market begins, KuCoin registers a trading volume of more than $1B and a bullish comeback in its native token, KCS price. The KCS price in the past week has increased...Read More
The eleven spot Bitcoin ETFs in the US saw a record inflow day as $1.37 billion in inflows entered the institutional investment products on Nov. 7. The massive inflow comes as Bitcoin notched a new all-time high just below $77,000 in the wake of Donald Trump’s presidential election victory this week and as the US...Read More
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
