Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor’s brainchild increased its target to $700 million. The company’s shares have been on a wild ride in 2024, perhaps due to the developments around the Bitcoin landscape, but have soared by triple digits since...Read More
KuCoin exchange’s research arm released a report on cryptocurrency performance in May, noting $1 billion in new investments – a slight decrease from April. The report highlighted that institutional investors predominantly favored Ethereum and EVM-focused platforms during this period. $1 Billion in Investment Earlier this week, KuCoin Research published a report indicating that in May...Read More
Blockchain intelligence firm TRM Labs has revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million in cryptocurrency, with 97% of the over 120 manufacturers studied...Read More
Meme coins have been at the mercy of the crypto market so far, as volatility has left the top tokens struggling for gains. For some tokens, though, the end of their price fluctuations might be near. Dogecoin has hit its ‘make or break’ levels, and the next few days will be decisive. Still, the crypto...Read More
Ever since mid-January, when the 11 spot Bitcoin ETFs saw the light of day, Grayscale’s converted GBTC has been at the forefront of outflows. This eventually resulted in losing its crown as the world’s largest exchange-traded fund tracking the performance of BTC. In the last two trading days of this week, though, the tides changed,...Read More
[PRESS RELEASE – Tallinn, Harju, Estonia, June 15th, 2024] The GORB meme coin is scheduled for its presale on June 18th at 8:00 pm UTC on Pinksale. With a distinctive concept and a robust marketing strategy, GORB aims to establish a strong presence in the meme coin market. Overview of GORB’s Competitors Wiener AI’s High...Read More
Bitcoin may have struggled to reclaim its position above the recently established all-time high of over $73,000, but prominent brokerage firm Bernstein remains optimistic about the asset’s future trajectory. In its latest report, Bernstein analysts even upped their long-term price forecast for BTC to $200,000 by the end of 2025. The firm had previously predicted...Read More
After the recent pullback, the crypto markets appear to have ignited a strong recovery phase, as most of the tokens have triggered a decent rebound. While the token Toncoin (TON) marked a fresh high of around $8.24, other altcoins like Lido DAO (LDO) initiated a strong rebound. Here’s what to expect from these tokens if...Read More
After the US Securities and Exchange Commission made history earlier this year by approving almost a dozen spot Bitcoin ETFs, all eyes in the community turned to the next digital asset in line – Ethereum. While the landscape didn’t look promising at first, it changed several weeks ago when, somewhat surprisingly, the agency greenlighted eight...Read More
Ethereum has continued to face challenges staying above the $4,000 mark, mirroring the lack of momentum in the broader market. While the investors await for a rally, data suggest a surge in demand for the world’s largest altcoin. Permanent Ethereum Holders Bought Big According to CryptoQuant head of research Julio Moreno’s recent findings, Ethereum’s demand...Read More
Omnichain tokenization platform Holograph’s native token, HLG, fell nearly 80% in value following a recent hack. The malicious actor exploited a vulnerability in the protocol’s operator contract, minting 1 billion HLG tokens that were initially valued at approximately $14.4 million. The Holograph Exploit Holograph confirmed the breach on their X account, assuring users that the...Read More
[PRESS RELEASE – New York, New York, June 14th, 2024] Kadena, the world’s only scalable Proof of Work blockchain, announces a partnership with Lurk Lab to build out a Zero-Knowledge tech stack on the Kadena blockchain that will pave the way for provably secure cross-chain messaging. Kadena and Lurk Lab are developing a robust ZK...Read More
Riot Platforms has announced the purchase of an additional 1,432,063 shares of Bitfarms. The acquisition, completed on June 10 at approximately $2.7 per share, represents an investment of around $3.87 million. This latest move brings Riot’s total holdings to approximately 57.62 million shares, accounting for about 14% of Bitfarms. Riot’s Ongoing Takeover This announcement is...Read More
With the impending approval of Ethereum ETFs, the crypto market stands on the cusp of change. This regulatory development could deeply impact Shiba Inu and Furrever Token, opening up new paths for informed investors in these promising digital assets. Discover how to adjust to these changes and refine your investment approach to capitalize on emerging...Read More
There are around 20,000 Bitcoin options expiring with a notional value of $1.35 billion. However, today’s expiry event is much smaller than in previous weeks, so market impact is likely to be minimal. Nevertheless, a large Bitcoin options expiry event will occur on June 28, with $6.7 billion in notional value derivatives expiring. Bitcoin Options...Read More
Crypto markets have declined more than 5% over the past seven days as $150 billion has left the space, primarily from low-cap digital assets. However, this altcoin decline has been going on for months, according to the chief analyst at Real Vision, Jamie Coutts. “Smaller cap crypto assets have been taking it on the chin...Read More
Crypto hardware wallet manufacturer Trezor unveiled three new products on June 14th. These are designed to promote self-custody of digital assets by individuals. The first is the Trezor Safe 5 hardware wallet device that allows users to securely store, manage, stake, and utilize thousands of different cryptocurrencies through Trezor’s desktop and mobile apps. Key features...Read More
Meme coins have seen spectacular growth this year reaching almost $60 billion amidst the broader market rally. But not everyone is a fan. Many experts and market players have weighed in on how meme coins have overshadowed more legitimate projects in the industry. Even as the industry remains unsure of the latest hype and the...Read More
Despite a drop in Bitcoin prices, leading to a drop in the altcoins sector, certain high performers are rising against the tide. One such performer is Toncoin, trading at its all-time highest levels. With a breakout rally and a long-standing uptrend with higher high formations, the Toncoin witnesses a rise in trend momentum. Will the...Read More
Blockchain analytics platform Bubblemaps has alleged insider trading activity in the meme coin projects promoted by Andrew Tate and Iggy Azalea. The allegations, detailed in a June 12 thread, revealed that at the launch of the DADDY coin, insiders had allegedly acquired 30% of the token supply, amounting to over $45 million distributed across 21...Read More
Stablecoin issuing company Paxos has laid off 20% of its workforce, decreasing its employee count by 65 individuals, Bloomberg reported Thursday, citing an internal email. According to the report, Paxos’ chief executive officer and co-founder Charles Cascarilla said the reduction in headcount would allow the company to capitalize on future opportunities in the tokenization and...Read More
The UwU Lend protocol, previously targeted in a nearly $20 million hack on June 10, is facing an ongoing cryptocurrency exploit that has so far resulted in the theft of $3.7 million. This development comes as the protocol has been making efforts to reimburse its users following the $19.3 million June 10 hack. $3.7 Million...Read More
President Joe Biden’s reelection campaign is reportedly considering accepting crypto donations via Coinbase. On June 12, The Block reported that Biden’s team was attempting to engage crypto-focused voters in response to rival candidate Donald Trump’s endorsing of the industry and acceptance of crypto donations. According to the report, the Biden team is in discussion with...Read More
The modern world offers many opportunities to make money, and one of the most attractive options is investing in cryptocurrencies. However, traditional trading and investing in cryptocurrencies can be risky and require considerable knowledge and time. If you’re looking for a reliable way to make easy money with less risk, CryptoHeap is the perfect solution...Read More
Bitcoin’s price surged to $70,000 briefly this week but faltered soon after failing to sustain the momentum and took a sharp turn. At the time of writing, the world’s largest cryptocurrency is trading at just over $67,000. Still, with exchange supply dropping to December 2021 lows, data suggest that a bullish reversal could be in...Read More
Business intelligence firm and long-time Bitcoin holder MicroStrategy announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. Interestingly, the proceeds of this initiative will be used to buy more Bitcoin and for other corporate purposes. According to its official announcement, the NASDAQ-listed company also intends to grant initial buyers...Read More
[PRESS RELEASE – Dubai, UAE, June 13th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, and Binance Labs, the venture capital and incubation arm of Binance, today announced the launch of BNB Incubation Alliance (BIA). With the ethos of “building together to fast-track your Web3 journey,” the BNB Incubation...Read More
[PRESS RELEASE – Phoenix, United States, June 13th, 2024] Devour, the leading web3-powered food ordering platform, announced today that it’s simplifying crypto payments for millions of users with the integration of Coinbase Commerce into its DevourGO checkout. This innovative move allows crypto enthusiasts to seamlessly pay for their favorite meals using their existing Coinbase.com or...Read More
The founder of the stablecoin lending and borrowing protocol Curve Finance, Michael Egorov, is seeing his position liquidated. He had over 111 million CRV tokens in collateral and $20 million in debt over four DeFi platforms, reported Lookonchain on June 13. As the price of CRV fell, other positions went underwater, causing a cascade of...Read More
Coinbase saw the largest Ethereum outflow of the year, totaling over 336,000 ETH, worth more than $1 billion on June 12th. This marks the fifth instance in 2024 where over 150,000 ETH has been pulled from the crypto exchange in a single day. It is still unknown as to who is behind such a massive transfer...Read More
