Ripple Labs has stepped up its legal battle with the U.S. Securities and Exchange Commission (SEC) after filing its Civil Appeal Pre-Argument Statement, also known as Form C. The filing comes only days after the SEC entered a last-minute appeal against several parts of a 2023 judgment which found that Ripple’s programmatic sales of its...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, October 25th, 2024] Monkey Kingdom, the pioneering NFT project rooted in Asian culture and mythology, has taken a bold step into the future by appointing an AI-driven CEO, known as @wukongceo. This marks a significant evolution for the project as it continues to embrace cutting-edge innovation and technology...Read More
A crypto investor who participated in the Ethereum initial coin offering (ICO) in 2014 is offloading their assets, with the latest sale on October 24. Unfortunately, this could trigger a negative price momentum for ether (ETH) given recent similar developments. According to a tweet from on-chain analytics firm Lookonchain, the last time the Ethereum ICO...Read More
The person behind the recent Radiant Capital exploit has reportedly moved nearly all of the stolen crypto, valued at about $52 million, from Layer-2 networks to Ethereum. Blockchain security firm PeckShield shared the information on October 24, further dampening any hopes of recovering the funds. Attacker Almost Done Bridging Stolen Funds According to PeckShield, the...Read More
Alex Mashinsky, the former CEO of Celsius, is scheduled to appear in the United States District Court for the Southern District of New York on November 13. He faces multiple serious charges, including securities fraud, commodities fraud, wire fraud, and market manipulation. Judge Orders Mashinsky to Present Arguments in Court According to an October 23...Read More
After facing backlash for comments suggesting that regulated entities like BlackRock and Fidelity are safer options for holding Bitcoin, MicroStrategy founder Michael Saylor clarified his stance on self-custody. In a tweet, Saylor expressed his support for individuals who choose to self-custody their Bitcoin, while also advocating for the right of everyone to make their own...Read More
[PRESS RELEASE – New York, USA/NY, October 24th, 2024] The roadmap features L2 payments, trading, and DeFi, with a UX that adopts Satoshis (SATs), Bitcoin’s more intuitive smallest denomination. Base8, a Bitcoin Layer 3 platform for mobile, is proud to announce its official launch, bringing a seamless, easy-to-use solution to the world of cryptocurrency. Built...Read More
Bitcoin is yet to climb above the much-anticipated $70,000 despite several notable upside moves. However, data points to BTC’s short-term uptrend potential, based on the Coinbase Premium Index. In such a scenario, the crypto asset could see a possible price rally. Bitcoin’s Price Rally Soon? By examining the Coinbase Premium Index on a 1-hour time...Read More
Following over a decade of operating as one of the largest digital asset trading platforms, the United States-based crypto exchange Kraken has decided to launch its own blockchain. A Bloomberg report disclosed that Kraken’s network would likely go live in early 2025. The new blockchain, dubbed Ink, would be designed primarily for decentralized applications enabling...Read More
[PRESS RELEASE – Zug, Switzerland, October 24th, 2024] Leveraging Impossible Cloud’s web2 expertise with 1,000+ enterprise clients, Impossible Cloud Network (ICN) positions itself as the leading DePIN project globally, with its testnet facilitating the onboarding of network validators ahead of the node sale ICN is aiming to address large-scale demand with its open multi-service cloud...Read More
[PRESS RELEASE – Vilnius, Lithuanian, October 24th, 2024] BingX, a global leading cryptocurrency exchange, has fully restored its operational capacity following a recent hot wallet incident, with all deposits and withdrawals back to normal. In response to the event, BingX is unveiling its new “ShieldX” initiative, a comprehensive plan aimed at enhancing the platform’s security...Read More
Nigerian authorities have reportedly dropped all charges against Binance executive Tigran Gambaryan. The American and his employer had been facing accusations of money laundering. This legal development follows the government’s earlier decision to drop tax evasion charges against both. Health Concerns and U.S. Pressure While the charges were primarily directed at the crypto exchange, which...Read More
[PRESS RELEASE – Singapore City, Singapore, October 24th, 2024] aarnâ, a leader in decentralized finance (DeFi), has officially launched its innovative AI-driven vault, âfi 802, designed to deliver market-beating defi yields with robust security. Leveraging a sophisticated deep-learning model, âfi 802 offers a unique DeFi solution that simplifies yield generation while minimizing risks. Fulfilling the...Read More
The 16th BRICS Summit, hosted by Russia, began on October 22 in the Russian city of Kazan. Even before the start, the event gained immense popularity as there were rumors that Russia, facing tough economic sanctions due to its aggressive military actions against Ukraine, would table several aggressive proposals to create an alternative economic framework...Read More
Ripple chief executive Brad Garlinghouse has spoken out about the impacts of a change in administration on the US crypto industry. In an interview with Bloomberg on Oct. 23, he said that Joe Biden’s approach to regulating the crypto industry is coming to an end, and no matter what happens in the presidential election, “we’ll...Read More
The Ethereum FUD is showing no signs of slowing while prices of the underlying asset remain weakened. ETH dumped more than 5% over the past 24 hours, falling from an intraday high of just over $2,600 to a low of $2,460. It has recovered marginally to trade at $2,550 at the time of writing, but it...Read More
Metaplanet Inc. has successfully raised 10 billion yen ($66 million) by completing its 11th stock acquisition rights exercise. This comes as the company’s publicly-traded shares are up by 6.53% in the past month and have skyrocketed by 593.75% year-to-date. Over 13,000 Shareholders Participated in Exercise In an October 22 statement posted on X, Metaplanet’s CEO,...Read More
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has appeared to double down on the agency’s hardline stance on cryptocurrency regulation. In a recent Bloomberg interview, he reaffirmed that the SEC will continue its much-maligned enforcement-led approach rooted in existing securities laws despite mounting backlash from the crypto industry and lawmakers. Commission Holds Firm...Read More
Bitcoin is currently trading at a lower price in South Korea despite a broader market rebound across global exchanges. According to data from the crypto market data firm Kaiko, the BTC Kimchi Premium turned negative for the second time since September. Kimchi Premium Turns Negative The bitcoin Kimchi Premium is the difference between BTC’s price...Read More
Ethereum is currently facing a short-squeeze risk as depicted by the rising Estimated Leverage Ratio (ELR) which acts as a crucial indicator of market sentiment. As the ELR has increased over the past few months, it reflects a growing number of traders adopting high-leverage short positions. Ethereum Faces Short-Squeeze Risk CryptoQuant data, as shared by...Read More
[PRESS RELEASE – Singapore, Asia, October 23rd, 2024] Users can convert staked ELA and rewards into tradable NFTs, burn them anytime for Bitcoin-secured ELA APY rewards, and claim the staked ELA when the lock period ends. Anyone can stake ELA with a validator and earn 2–3% APR, with higher rewards for longer lock periods. Elastos...Read More
[PRESS RELEASE – New York, USA, October 23rd, 2024] Robo Panda AI trading bot, a project that combines advanced AI technology with meme culture is proud to launch it’s presale. The presale is kicking off on October 23, 2024, giving early investors a chance to participate in a project with a vision to change the...Read More
Ripple’s blockchain network, XRP Ledger, has recorded significant on-chain growth over the past month. This signifies investor confidence in the network and its native token, XRP. According to a CryptoQuant QuickTake from analyst Wenry Seoul, XRP saw an increase in automated market maker (AMM) liquidity, decentralized exchange (DEX) transaction volume, and the number of new...Read More
Uniswap Labs, the company behind the leading decentralized exchange Uniswap, has announced the integration of a cross-chain swap bridge created by Across, a full stack for everything cross-chain. According to a press release shared with CryptoPotato, the upcoming integration will enable users of the Uniswap Wallet and Uniswap Web App to swap ether (ETH), Wrapped...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, October 23rd, 2024] Arttoo will be launching a Real World Asset (RWA) art project built on the Sui blockchain. As a leading force in democratizing art ownership, Arttoo is revolutionizing the fine art market by building the financial infrastructure needed for a decentralized, on-chain art trading platform. By...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, October 23rd, 2024] Avenix Fzco, a fintech company based in Dubai, UAE, has recently unveiled Forexigo, an automated trading system designed for the forex market. This forex robot specifically targets trading in Gold (XAUUSD) and the British Pound/US Dollar (GBPUSD) currency pair. Technical Features Forexigo operates on the...Read More
Ethereum co-founder Vitalik Buterin has added his voice to the chorus of condemnation facing MicroStrategy co-founder Michael Saylor following the latter’s comments advocating for institutional Bitcoin (BTC) custody. Buterin’s critique came after Saylor suggested in a recent interview that large institutions holding Bitcoin can reduce the chances of asset seizure, which lawless crypto holders could...Read More
Historical Bitcoin market cycles have been closely tied to M2 money supply and expanding liquidity. On Oct. 22, market analyst Michaël van de Poppe delved into data points and correlations with cycle peaks and money supply. He noted that in 2017, the M2 supply continued to expand significantly, and the cycle lasted until the end of...Read More
The billionaire investor said that “all roads lead to inflation” in an interview with CNBC on Oct. 22. He added that he was long on gold and long on Bitcoin, stating that commodities are so “ridiculously under-owned.” “I probably have some basket of gold, Bitcoin, commodities, and Nasdaq, something like that. And I own zero fixed...Read More
[PRESS RELEASE – London, United Kingdom, October 24th, 2024] Peanut launches a beta of the first self-custodial offramp, allowing users to directly cash out any token on 20+ EVM chains to their bank accounts—without relying on centralized exchanges. This beta feature is being rolled out in the EU and US first. This new beta feature...Read More
