Bybit is reportedly facing an internal leadership shakeup following a controversial incident involving the listing of Notcoin (NOT). Several executives have reportedly “voluntarily resigned” after the incident, and the exchange is now publicly recruiting new technical and spot managers. The Notcoin Delayed Balances Incident During the listing of NOT, an issue arose when not all...Read More
The United States spot Bitcoin exchange-traded funds (ETFs) market has recorded a long inflow streak, last seen in February. According to data on Farside Investors, the spot Bitcoin ETFs have been on a 13-day inflow streak since May 13, 2024. This indicates investors’ confidence in Bitcoin’s potential and an unwavering capital inflow into the ecosystem...Read More
Are you tempted by Bitcoin and other cryptocurrencies but daunted by technicalities? Cloud mining offers a solution! AST Mining simplifies the process with its user-friendly platform. You can participate in mining without expensive equipment or know-how. This guide explores AST Mining’s free cloud mining tier, a gateway to earn passive income in various cryptocurrencies, including...Read More
According to sources familiar with the matter, the SEC has instructed prospective issuers to submit amended S-1 forms by Friday, May 31st. This follows the approval of the 19b-4 forms on May 23, marking a significant milestone in the process. Spot Ethereum ETF Approval Progresses The recent approval of the 19b-4 forms marked a significant...Read More
[PRESS RELEASE – Belize, Belize, May 31st, 2024] BOOM.LOL, a groundbreaking platform for creating “safer meme coins” is launched on multiple chains with its memecoin generator product. The Rise and Risks of Meme Coins Meme coins have become a ubiquitous part of the cryptocurrency landscape, often driven by social media trends and celebrity endorsements. Despite...Read More
The U.S. District Court for the District of Utah has dismissed the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating under the name Debt Box. The judge has also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. SEC Ordered to Pay $1.8 Million in Fees In a post...Read More
Riot Platforms Inc., a leading crypto mining company, has announced its intention to acquire Bitfarms Ltd., another significant player in the Bitcoin mining industry. Riot has already acquired a 9.25% stake in Bitfarms and plans to make a public takeover offer despite the company’s board’s recent rejection. Global Bitcoin Mining Giant Riot has proposed an...Read More
In May 2024, the stablecoin ecosystem rebounded, achieving a market capitalization of $161 billion, marking a 0.63% increase from the month’s outset. According to CCData, this marks the highest level since April 2022, following eight months of steady growth. Tether Dominates as Stablecoin Market Rebounds While the stablecoin market has been surging, its dominance slightly...Read More
[PRESS RELEASE – San Fransico, California, May 30th, 2024] This partnership provides Coindisco’s community with a reliable, regulated, and trusted payment system that drives more approvals and more revenue from more digital assets. Topper, a fiat-to-crypto on-ramp by the global web3 financial platform Uphold, integrates today with Coindisco for buying and monitoring the user’s preferred...Read More
[PRESS RELEASE – Los Angeles, California, May 30th, 2024] Wave Digital Assets (Wave), a digital asset-focused investment adviser regulated by the SEC, is pleased to announce the launch of a Polygon network-focused yield vehicle with an initial $30 million. The vehicle is designed to support protocols and teams on the Polygon zkEVM blockchain.starting with facilitating liquidity...Read More
This year saw an explosion of meme coin launches, many of which have questionable ties. In fact, Lookonchain’s data effectively highlights the perils of trading meme coins, especially those endorsed by celebrities, with the latest spotlight on American celebrity Caitlyn Jenner’s JENNER, which was launched on the Solana blockchain. JENNER Memecoin Pitfall Despite several market...Read More
The significant rally of the frog-themed meme coin Pepe (PEPE) has put the majority of its holders in profit. According to a tweet by IntoTheBlock, more than 96% of crypto users holding PEPE are currently at the money. Thanks to an impressive 90% return this month, over 96% of $PEPE holders are now in profit....Read More
[PRESS RELEASE – Bucharest, Romania, May 30th, 2024] Banksters, the pioneering trading game that is gamifying financial education through integration of NFTs, has today announced that its $BARS utility token will soon be listed on several leading cryptocurrency exchanges. On May 30, Banksters’ native $BARS token will become available for trading on MEXC, BingX. Also...Read More
Blockchain analysis firm Nansen has identified DBS Bank, one of Singapore’s largest banking institutions, as a cryptocurrency whale. According to Nansen, a crypto wallet reportedly owned by DBS Bank holds 173,753 Ether (ETH), valued at around $650 million at the current market price. DBS Sitting on a $200M Profit? Nansen’s analysis states that the address,...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, May 30th, 2024] The integration of Atoma adds new capabilities to Sui’s flourishing developer ecosystem with unique AI-querying capabilities Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, together with Atoma Network, pioneers in decentralized AI, are excited to announce the introduction of a...Read More
Large investors have been actively accumulating Bitcoin during market downturns, potentially viewing them as buying opportunities and then selling during periods of market revival or anticipation of increased institutional adoption. Data shows that the collective holdings of Bitcoin wallets containing at least 10 BTC have increased significantly in the past five months. In fact, this...Read More
BlackRock has submitted a revised registration statement for its proposed spot Ethereum ETF. The updated S-1 filing also included details about the company’s seed capital investor. Now, analysts suggest that U.S. spot Ether exchange-traded funds (ETFs) could launch by late June. BlackRock Reveals Seed Capital Investor Information The world’s largest asset manager submitted an amended...Read More
[PRESS RELEASE – San Francisco, CA, May 29th, 2024] Galxe, web3’s largest onchain distribution platform, announced today the upcoming launch of Gravity, a Layer 1 omnichain smart contract platform designed to transform how users and developers interact with web3. Over the past three years, Galxe’s user base and transaction volume have grown exponentially, highlighting the...Read More
[PRESS RELEASE – Austin, Texas / USA, May 29th, 2024] Centrifuge, the platform for tokenized real-world assets onchain, today announced Credbull as the latest asset manager to tokenize and launch a private credit fund on Centrifuge. Credbull will be available to investors in the Plume ecosystem. Plume announced an initial allocation of $10M in the...Read More
[PRESS RELEASE – New York, United States, May 29th, 2024] As the cryptocurrency markets continue to exhibit bullish behavior, CryptoHeap, a frontrunner in cryptocurrency staking services, is excited to announce its commitment to providing 24/7 support for all investors throughout this volatile period. This round-the-clock support is designed to assist stakers in navigating the complexities...Read More
On May 28, ENS Labs proposed that the Ethereum Name Service expand to layer-2 scaling protocols in an effort called “ENSv2.” “We’re not just migrating core parts of the ENS protocol,” the team said in a blog post before adding that it is taking knowledge from the last seven years at the frontier of Web3,...Read More
Gemini’s bankrupt crypto lending arm has successfully recovered virtually all of its customers’ digital assets, marking one of the most successful industry recoveries from insolvency to date. The crypto exchange, founded by billionaire entrepreneurs Cameron and Tyler Winklevoss, announced on Wednesday that Gemini Earn customers had “received $2.18 billion of their digital assets in kind.”...Read More
Long-term Bitcoin holders – those holding BTC for over 1-2 years – tend to sell portions of their holdings during bullish price phases when bitcoin’s price is rising. This selling behavior was observed from early 2024 through April. However, holders with Bitcoin UTXOs (unspent transaction outputs) older than 3 years continued to accumulate more BTC...Read More
Former FTX co-CEO Ryan Salame was sentenced yesterday to 90 months in prison, according to Damian Lewis, the United States Attorney for the Southern District of New York. Salame previously pled guilty to conspiring to make illegal political contributions and defraud the Federal Election Commission and to conspiracy to run an unlicensed money-transmitting business before...Read More
Nearly a year after launching on Ethereum, PayPal’s stablecoin PYUSD is being introduced on the Solana blockchain. This move will enable users to choose between multiple blockchain networks, providing greater flexibility and control over their transactions and holdings. PayPal Brings PYUSD to Solana According to the official announcement, PayPal highlighted Solana’s ability to handle a...Read More
[PRESS RELEASE – Tel-Aviv, Israel, May 29th, 2024] Addressable has released the results of a case study showing the efficacy of Web3 user acquisition on Twitter (X) as a part of a Polkadot marketing push. The data shows Addressable’s methodology to be significantly more accurate than Twitter’s native solution for reaching web3 users. Developed to...Read More
[PRESS RELEASE – London, United Kingdom, May 29th, 2024] HegeCoin ($HEGE), the first story-driven memecoin launched two months ago is embarking on the next phase of its growth strategy with two major developments, bringing its characters to life with the latest Generative AI technologies and launching a 13+ channel marketing push. HegeCoin was launched on...Read More
[PRESS RELEASE – Austin, TX, USA, May 29th, 2024] LAKE (LAK3), a pioneering Web3 ecosystem dedicated to transforming the global water economy through blockchain technology and the LAK3 token, is excited to announce its participation in Consensus 2024, taking place from May 29 to 31 in Austin, Texas. Ahad Ali, LAKE’s Director of Communications, will...Read More
Real-world asset (RWA) tokenization protocol, Blocksquare announced that it has tokenized $100 million worth of real estate properties on its platform. According to a press release sent to CryptoPotato, the tokenization of $100 million in real estate assets coincides with the launch of Blocksquare’s decentralized finance launchpad, Oceanpoint v0.5, geared towards empowering real estate tokenization...Read More
[PRESS RELEASE – London, United Kingdom, May 29th, 2024] Memeinator the viral new meme coin, continues its upward trajectory following its successful $7.7 million presale and has confirmed it will list its MMTR token today, the 29th of May, at 3 PM UTC on both MEXC and Uniswap. MEXC, popular among both novice traders and...Read More
