Texas-based Bitcoin mining company Core Scientific has announced the pricing of its increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial size of the offering was $350 million, which has been upsized due to favorable market conditions. Scheduled to settle on August 19, 2024, the notes will be issued...Read More
Bitcoin fell 2.5% on Wednesday to $59.100 after the U.S. government moved more of its Silk Road-affiliated Bitcoin holdings to Coinbase Prime. On-chain analysis platform Arkham Intelligence flagged the move on Wednesday, noting that 10,000 BTC worth $593 million had been moved. “Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks...Read More
Keep An Eye On Aptos(APT), Breakout From Descending Channel Target To $9. APT Coin made a bullish reversal from a low of $4.5 on 5th August to a high of $6.8 at the time of writing. It has crossed the short-term EMAs (10, 20, 30) The Asset has moved nearly 29% in the last 7...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, August 14th, 2024] VYUG, the visionary force behind the world’s first hyper-realistic metaverse, is on the brink of launching a groundbreaking airdrop event. Starting on August 15th, participants will have the chance to claim their share of 175 million VYUG tokens and vie for an incredible 5000 USDT...Read More
[PRESS RELEASE – Victoria, Seychelles, August 14th, 2024] Bitget, a top cryptocurrency exchange and web3 company, is pleased to announce the listing of DOGS, one of the fastest-growing dog-themed memecoins and tap-to-earn (T2E) game, as part of its ongoing support for the TON ecosystem. DOGS has rapidly gained popularity, following in the footsteps of Dogecoin...Read More
Ethereum’s Layer 2s are bustling with activity. The latest data suggest that the ecosystem has reached a new record for daily transaction volume. In fact, these networks were also found to hold now more stablecoins than Solana and Binance Chain combined. Ethereum Layer 2 Ecosystem Growth According to the stats compiled by Growthepie, the daily...Read More
Decentralized exchanges are undervalued and gaining traction, with volumes reaching all-time highs. These are the findings of Messari researcher Kunal Goel who said that centralized exchanges (CEXs) are listing tokens too late in a post on X on Aug. 13. He added that they’re becoming a “dumping ground for VCs,” and retail will learn sooner...Read More
[PRESS RELEASE – Miami, Florida, August 13th, 2024] Floki is proud to announce that Valhalla, Floki’s groundbreaking PlayToEarn MMORPG, will be at the forefront of a high-profile advertising campaign throughout the 2024-25 season of the English Premier League (EPL). Leveraging LED perimeter boards during live games, this campaign will deliver massive global exposure and enhance...Read More
Metaplanet announced making yet another significant investment in bitcoin, purchasing approximately $3.3 million (500 million yen) worth of the cryptocurrency. This acquisition involved 57.103 bitcoins, with an average purchase price of 8,756,107 yen per one. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With the latest purchase,...Read More
Coinbase submitted its third comment letter highlighting significant flaws in the US Securities and Exchange Commission’s (SEC) cost-benefit analysis of the proposed rule. The letter argued that the agency has failed to assess the rule’s economic impact on efficiency, competition, and capital formation. Despite acknowledging a lack of critical information on decentralized exchange (DEX) operations...Read More
On-chain analysis platform Arkham Intelligence sounded the alarm on Tuesday as $2 billion worth of Bitcoin connected to Mt. Gox moved from a blockchain address connected to crypto exchange BitGo. According to Arkham, a wallet that had received $2.19 billion from the long-defunct Bitcoin exchange began initiating test transactions early Tuesday. The firm said the...Read More
Three Arrows Capital (3AC), the defunct crypto hedge fund, has its liquidators pursuing a $1.3 billion lawsuit against TerraForm Labs, the bankrupt digital assets company co-founded by Do Kwon. This legal action is part of ongoing efforts to recover funds for 3AC’s creditors following the fund’s collapse. 3AC Liquidators Pursue TerraForm Labs The Three Arrows...Read More
The cryptocurrency market is facing a growing liquidity crisis, as evidenced by the significant price slippages observed during recent sell-offs. According to research by Kaiko, the ongoing issue of liquidity fragmentation across crypto exchanges has resulted in noticeable price discrepancies, particularly during periods of market stress. Price Slippage Liquidity fragmentation refers to the uneven distribution...Read More
[PRESS RELEASE – Washington DC, United States, August 13th, 2024] Tellor, a leading decentralized oracle protocol, is thrilled to announce the launch of the Antietam Testnet. This is the initial public testnet deployment for their upcoming Layer 1 blockchain, Tellor Layer, developed using the Cosmos SDK and represents a major advancement in decentralized data consensus....Read More
Bitcoin (BTC), the world’s biggest cryptocurrency by market capitalization looks bearish and may crash once again. Today, on August 13, 2024, a prominent trader made a post on X (previously Twitter) that Bitcoin Whales have offloaded a significant Bitcoin as its price fell below $60,000. Why Bitcoin Can Crash? According to the post on X,...Read More
[PRESS RELEASE – San Francisco, United States, August 13th, 2024] SKALE Swell demonstrates how building different leads to easier onboarding and can transform community engagement like never before. SKALE, the gas-free invisible blockchain network, announces the launch of SKALE Swell, an interactive platform that will accelerate community engagement and reward participation to welcome millions of...Read More
The current market condition has put many new Bitcoin investors under financial stress. This is evident in several metrics that indicate a bearish environment and highlight factors that can intensify market volatility, increase selling pressure, and lead to further price declines. According to a Bitfinex Alpha report, metrics like the Short-Term Holder MVRV (Market Value...Read More
[PRESS RELEASE – Prague, Czech Republic, August 13th, 2024] Victoria VR, a blockchain Virtual Reality World and AI VR builder developer, today announced the launch of its latest game, VRtap. Designed as a cutting-edge Strategic PvP for Telegram, the new title mixes play-to-earn with strategic PvP battle to connect realistic Virtual Reality gaming to mobile...Read More
The US spot Ethereum ETFs attracted a total inflow of $4.9 million on Monday. Grayscale Ethereum Trust (ETHE) notably recorded no withdrawals, a first since its conversion to an ETF following 14 days of outflows. Monday’s trading volume for these ETFs was strong, hitting $286 million on August 12th, a significant jump from Friday’s figure...Read More
The total holdings of the new U.S. spot Bitcoin ETFs launched in January have reached 909,700 BTC. In a post on X on Aug. 13, Bloomberg’s senior ETF analyst Eric Balchunas compared the figures of each fund with the BTC holdings of corporations and even the founder of the asset Satoshi Nakamoto. “Didn’t realize US...Read More
As Solana struggles to maintain dominance above the $150 mark, the broader market recovery hits the pause button as Bitcoin drops under $60K. Amid the Solana struggles, multiple top potential Solana killer coins are gaining momentum with an underground sentiment transition. So, here’s a list of top Solana-killers to buy for a bull run this...Read More
On Aug. 12, X owner Elon Musk said there appeared to be a massive distributed denial-of-service (DDOS) attack on the micro-blogging platform, “working on shutting it down.” A DDOS attack aims to disrupt a website or service by flooding the network with spurious traffic in an effort to prevent users from accessing the site. “As...Read More
[PRESS RELEASE – Palo Alto, CA, August 13th, 2024] ZAN, the web3 technology brand of Ant Digital Technologies, plans to run a Sui RPC node with Mysten Labs Mysten Labs, a web3 infrastructure company and the original contributor to the Sui blockchain, today announced a partnership with ZAN, the technology brand of Ant Digital Technologies....Read More
[PRESS RELEASE – Zug, Switzerland, August 12th, 2024] Aleph Zero launches its ultra-fast Ethereum-compatible layer-2, expanding its privacy tools and new apps compatible with the world’s biggest web3 ecosystem. Aleph Zero — a blockchain ecosystem engineered for speed, data confidentiality, and ease of development — today announced the mainnet launch of its new EVM-compatible Layer-2...Read More
Paolo Ardoino, Tether’s CEO, is steering the company into venture capital, with a focus on emerging areas like AI, as revealed in his recent interview with WIRED. With billions in reserves, Tether is positioning itself to compete with tech giants such as Microsoft, Google, and Amazon. Tether’s Profit Ventures Since Ardoino took over as CEO...Read More
Ethereum has seen the greatest advantage from the recent market downturn as investors appeared to have viewed the price weakness as a buying opportunity. In fact, data suggests that Ethereum has managed to attract $155 million in inflows over the past week. According to CoinShares, the latest round of inflows boosted its year-to-date total inflows...Read More
In the last 24 hours, an XRP whale wallet address “r4wf7” moved a significant 54.4 million tokens worth $31 million to the Bitstamp wallet address “rDsbeomae4…g9vDiTCdBv,” as reported by the blockchain transaction tracker Whale Alert. The owner of this wallet is still unknown. XRP Whale Transferred 54M Tokens to Exchange Additionally, the whale transferred these...Read More
Cryptocurrency custody platform BitGo recently announced plans to transfer its Wrapped Bitcoin (WBTC) business to a joint venture with Hong Kong-based BiT Global. The move, intended to enhance security through a multi-jurisdictional and multi-institutional custody structure, has caused backlash due to the involvement of controversial crypto figure Justin Sun. Backlash Over Justin Sun’s Involvement In...Read More
[PRESS RELEASE – Vilnius, Lithuania, August 8th, 2024] WhiteBIT, one of Europe’s largest crypto exchanges, has announced the launch of a new product—the WhitePool mining pool. This innovative platform marks a significant step in the development of WhiteBIT ecosystem and opens up extensive opportunities for professional miners. The global cryptocurrency mining market is set for...Read More
[PRESS RELEASE – New York City, New York, August 12th, 2024] PlayFi, an AI-powered data network and blockchain tailored for the live content industry, today announces the upcoming small, exclusive batch sale of Genesis Nodes. While PlayFi’s main Node Sale will take place later in 2024, the recent traction of the testnet – which saw...Read More
