The ongoing crypto correction triggered by the high-impact news on Wednesday has not spared Ripple Labs-backed XRP in the past 24 hours. The large-cap altcoin, with a fully diluted valuation of about $60 billion and a daily average traded volume of around $2 billion, dropped nearly 8 percent in the last 24 hours to trade...Read More
Pro-crypto Wyoming Senator Cynthia Lummis unveiled her Bitcoin bill on July 31, labeling it “our Louisiana Purchase moment.” The proposed ‘Bitcoin Act’ aims to add 1 million BTC, worth around $64 billion at current prices, to U.S. government holdings over five years. The legislation aims to establish a strategic Bitcoin reserve and other programs: “To...Read More
A lengthy court battle to extradite a disgraced crypto mogul, Do Kwon, has seemingly come to a close following a court ruling Thursday. The Appellate Court of Montenegro ruled that Kwon – founder of the defunct Terra blockchain – will be sent to South Korea for prosecution. Do Kwon Set For South Korea The latest...Read More
Solana (SOL) the world’s fifth-biggest cryptocurrency has outperformed Ethereum (ETH) in terms of price surge and trading volume over the last 30 days. Today, on August 1, 2024, a blockchain media outlet Wu Blockchain made a post on X (previously Twitter) stating that Solana has surpassed Ethereum in monthly Decentralized Exchange (DEX) trading volume. Solana...Read More
The world’s largest stablecoin issuer, Tether, has released its attestation report for the first half of the year, revealing a record $5.2 billion profit. According to an official release from the firm, Tether recorded a net operating profit of $1.3 billion in the second quarter of 2024, and its ownership of United States Treasury bills...Read More
There’s not a day that goes by without the real-world asset (RWA) field making new strides and launching innovative products or services. It remains one of the most heavily focused fields in the industry, and now two popular projects are forging an important partnership. RWA powerhouse Credefi, centered around facilitating real-world impact by delivering fair...Read More
[PRESS RELEASE – Zug, Switzerland, August 1st, 2024] StarChain, a pioneering crypto platform dedicated to democratizing scientific data, is launching a $10 million presale to fund the open-beta rollout of its innovative blockchain ecosystem. This initiative aims to revolutionize data accessibility, validation, and collaboration in scientific research. “Our mission is to break down barriers in...Read More
Following the Bitcoin2024 conference, Bitwise CIO Matt Hougan has issued a bold call to crypto investors, urging them to rethink BTC’s potential upside. According to Hougan, the market is “not bullish enough” about the flagship cryptocurrency, and recent developments at the conference have highlighted a shift that could impact Bitcoin’s future value. Political Figures Support...Read More
[PRESS RELEASE – Manilla, Philippines, August 1st, 2024] Venom Foundation is proud to announce a historic agreement with the government of the Republic of the Philippines to digitize billions of accountable forms using its advanced blockchain technology. Key Highlights Landmark Opportunity and Global Significance This initiative represents a pivotal milestone for Venom and the broader...Read More
The Bank of England lowered the interest rates from 5.25% to 5% earlier today in the first cut since the start of the Covid-19 pandemic in March 2020. Consequently, the UK’s central bank has followed the example set by the ECB and the Bank of Canada earlier this summer, prompting questions about the Federal Reserve’s...Read More
The nine spot Ethereum ETFs in the US saw net outflows totaling $77.21 million on Wednesday, reversing the previous day’s positive trend. The outflows come amidst Ether’s price faltering below $3,200. Spot Ether ETFs’ Outflow Continues The Grayscale Ethereum Trust (ETHE) recorded $133.33 million in net outflows on July 31st, according to SosoValue data. Since...Read More
As Bitcoin drops under $65K, the broader market pullback intensifies and fuels a correction phase. With $225.34M worth of liquidations in the last 24 hours, $197.80M worth of bullish positions closed. As this puts additional stress on the altcoins, KAS price trend might struggle to continue its uptrend. With a long-term recovery rally in the...Read More
Meme coins have been one of the most popular narratives in the first two quarters of 2024. However, there has been a significant cooling off in their market after the intense activity of the “spring.” In fact, recent findings suggest that only a handful of meme coins have recorded gains over the past 30 days,...Read More
[PRESS RELEASE – KAUNAS, Lithuania, July 31st, 2024] DappRadar is excited to reveal the first six members of the DappLaunch Selection Committee, a decentralized committee ready to welcome and approve Web3 projects to the growth and launch hub. The first committee members are DappRadar, Chainwire, Polkastarter, BNB, Crypto Potato, and Lunar Strategy, while more will...Read More
Matrixport’s recent report highlights bitcoin’s impressive performance, outpacing the Nasdaq Index by 73% over the past two years. The company emphasized on X that Bitcoin is increasingly seen as a strategic investment, offering diversification and risk mitigation in investment portfolios, as well as representing a stake in the future of technology. Bitcoin Outperforms Nasdaq Index...Read More
The ZKX Protocol, a Crypto.com-backed decentralized exchange, has shut down due to economic challenges. Following the announcement, the ZKX token plunged by over 50% in the last 24 hours. ZKX Token Plummets Over 50% On July 30, co-founder Eduard Jubany Tur announced the discontinuation of the ZKX protocol. He expressed regret, stating that despite their...Read More
Bitcoin (BTC) investors are moving their assets out of crypto exchanges at an increasing rate. An analysis from on-chain intelligence platform CryptoQuant revealed that over the past few days, exchanges have witnessed a rising outflow of BTC, even though the leading digital currency has been in a fluctuation area since February. While the outflows from...Read More
XRP climbed to $0.66 on Wednesday, surging by 8% over the past 24 hours from $0.60, a level last seen in the third week of March. The latest upward price action comes amidst important developments in the XRP ecosystem and renewed investor optimism in the market as the accumulation trend intensifies. XRP Accumulation There has...Read More
The partnership between The Open Network and Trust Wallet is capturing the community’s attention. This integration will help the 100 Million users of Trust wallet to send and receive Ton tokens. This collaboration aims to support both projects and their communities. Let’s explore what this means for these projects and their users. Collaborative Benefits This...Read More
The crypto investment management company has launched a new product called the Grayscale Bitcoin Mini Trust, which has the ticker $BTC. The new offering, endorsed as a spin-off of Grayscale’s Bitcoin exchange-traded fund (ETF) GBTC, has a competitive, “ultra-low” fee of 0.15%. Grayscale’s New Spin-Off Fund Months ago, Grayscale filed for the Mini Trust fund...Read More
[PRESS RELEASE – Monaco City, Monaco, July 31st, 2024] The presale of Memereum has seen significant growth, with nearly 28 million tokens sold. This increase follows the SEC’s approval of the first spot Ethereum ETFs on July 23, which has contributed to enhanced liquidity flows and heightened interest in Memereum. Factors Driving Memereum’s Popularity One...Read More
[PRESS RELEASE – Zug, Switzerland, July 31st, 2024] Partisia Blockchain, an innovator in the blockchain sector, proudly announces the launch of Project RESCUE, an ambitious initiative aimed at delivering critical health and social services to individuals living with and affected by HIV during emergencies. This groundbreaking project is a collaboration with the Social Equation Hub...Read More
Goldman Sachs CEO David Solomon said that bitcoin could “very well” serve as a store of value similar to gold. Solomon’s comments come at a time of growing debate over bitcoin’s potential as a reserve asset and store of value. Bitcoin’s Potential as a Store of Value In a July 30 CNBC interview, Solomon said...Read More
Amid increased buying and selling pressure in the cryptocurrency market, top tokens have displayed a mixed sentiment in their respective portfolios over the past few days. Further, the price of BTC continues hovering close to its $66K, indicating uncertainty in future price action. However, mid-cap altcoins have gained momentum during this period by adding massive...Read More
[PRESS RELEASE – Abu Dhabi, United Arab Emirates, July 31st, 2024] • M2 ADGM now accepts deposits and withdrawals from UAE bank accounts to purchase Bitcoin (BTC) and Ethereum (ETH) with United Arab Emirates’ Dirhams (AED) • The new integration from M2 ADGM, regulated by the Financial Services Regulatory Authority (FSRA) located in the ADGM,...Read More
Bitcoin prices dipped to an intraday low of $65,563 on July 30, marking a 6% slump since the beginning of the week. The asset recovered to reclaim $66,000 but failed to hold at that level, dropping back below it during the Wednesday morning Asian trading session. Nevertheless, BTC markets remain in a five-month rangebound channel,...Read More
[PRESS RELEASE – Singapore, Singapore, July 25th, 2024] Hybrid cryptocurrency exchange GRVT, ZKsync’s first official Validium ZK Chain, will launch its Open Beta testnet on August 5. The public test aims to assess key account management and trading features, as well as users’ native biometric-enable self-custodial GRVT Wallet. During the test, participants will have the...Read More
According to a Bloomberg Report, Russia will soon legalize the use of cryptocurrencies for payments. This move is aimed at easing the growing difficulties faced by companies in making foreign payments due to U.S. sanctions over the war in Ukraine. Details on the New Bill and Legislation On Tuesday, Lawmakers in the State Duma, Russia’s...Read More
Nader Al-Naji, the founder of BitClout, now known as Decentralized Social (DeSo), is facing serious charges. The SEC and the US Attorney’s Office for the Southern District of New York have charged him with fraud and selling unregistered securities. Misuse of Funds and False Claims The SEC claims Al-Naji raised $257 million through BitClout’s native...Read More
BlackRock has confirmed it has no plans to launch a Solana (SOL) ETF anytime soon, despite the roaring success of its Bitcoin and Ethereum spot ETFs launched this year. The company’s dismissal of small-cap altcoins leaves room for other asset managers to compete in this area, with some already filing to launch the product. BlackRock’s...Read More
