Crypto markets have remained relatively inactive over the weekend, maintaining gains made last week in the wake of spot Ethereum exchange-traded fund approvals in the United States. This week will see the release of more economic data such as consumer confidence and gross domestic product indicators. Economic Calendar May 27-31 Monday is Memorial Day in...Read More
Toncoin (TON), the native token of The Open Network blockchain, has emerged as one of the most popular Layer 1 cryptocurrencies. Since the beginning of 2024, its price has outperformed Bitcoin by a staggering 118%, as per the latest analysis by CryptoQuant. The on-chain analytic company has now stated that while US traders appear to...Read More
The controversial Worldcoin project has faced yet another setback. Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), ordered the Worldcoin Foundation to halt all its operations in the region, citing that its practices violate local privacy regulations. The PCPD released a statement this week revealing that Worldcoin had collected...Read More
Prominent US-based cryptocurrency exchange Coinbase announced the launch of a new initiative called ‘Tech Against Scams’ along with industry leaders Meta, Ripple, Gemini, Kraken, Match Group, and GASO. This coalition aims to tackle online fraud and financial schemes while simultaneously protecting and educating users, highlighting that scams are a tech-wide issue, not restricted to social...Read More
Over the week, ether (ETH) received a large share of crypto investors’ attention as anticipation intensified about approvals for its spot exchange-traded funds (ETFs). While the crypto asset rallied significantly as the market waited for the U.S. Securities and Exchange Commission’s (SEC) decision on the ETFs, CryptoQuant analysts identified on-chain dynamics that could trigger major...Read More
[PRESS RELEASE – London, United Kingdom, May 26th, 2024] USDTlr.com is pleased to announce the successful launch of its new automated trading platform, which is now in the beta phase. This platform is designed to assist users in navigating the volatile market with no human intervention, streamlining the trading process. Without any human intervention, making...Read More
[PRESS RELEASE – Sydney, Australia, May 26th, 2024] A new Ethereum-based meme coin, “Book Of South Park” (BOSP), has officially launched following three months of community contributions and AI-inspired animations. This token, which pays homage to the iconic animated series “South Park,” aims to make a significant impact in the meme coin sector. In a...Read More
Fourteen years ago, 10,000 bitcoins (BTC) could get you only two pizza boxes; however, the story is entirely different today. In commemoration of the Bitcoin Pizza Day celebrated on May 22, cryptocurrency exchange Kraken shared a video outlining what 10,000 BTC would get you today, ranging from hundreds of private flights on a spaceship to...Read More
There has been a growing concern regarding the increased traction of tokens with high valuations but low initial circulating supply, which has sparked discussions about the sustainability of upside potential for traders following the token generation event (TGE). Binance Research’s latest findings have confirmed this trend, depicting an increasing number of tokens being launched with...Read More
A Taiwanese national has been charged with running Incognito Market, a darknet drug bazaar, and arrested after authorities tracked the platform’s transactions. The platform has transacted more than $100 million in crypto through selling illegal narcotics such as fentanyl. Incognito Market Founder Arrested and Charged On May 18, U.S. authorities arrested Rui-Siang Lin, 23, operating...Read More
In compliance with regulatory requirements, OKX said that it would discontinue its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. OKX attributed the decision to withdraw its virtual asset service provider (VASP) license application to a “careful consideration” of its business strategy, however, the exchange did not provide further details...Read More
With the approval of the spot ETH ETF and the price of Bitcoin holding its value above the $68,000 mark, the crypto market has displayed a strong bullish sentiment, highlighting a high possibility of an altcoin rally during the upcoming weeks. Moreover, mid-cap and low-cap altcoins have recorded the highest profits during this week, indicating...Read More
Welcome to your go-to source for all things Web3, Blockchain and Crypto! Our Weekly report dives into the freshest updates and game-changing developments in the fast-paced world. We curate the best data from trusted sources to keep you ahead of the curve. Ready to stay informed and inspired? Let’s explore the latest trends and insights...Read More
Markets got a big spike in Ethereum price this week on crypto exchanges. What’s behind it and what factors can investors take into consideration to determine whether Ether or its friend Cardano is the better buy? Ethereum has a birthday coming up on July 30. It was launched in 2015 to create a “world computer”...Read More
[PRESS RELEASE – Seoul, South Korea, May 25th, 2024] Marine Moguls has launched on the ERC-404 protocol, introducing a new approach to digital asset management. The project features $2.9 million in prizes linked to over 25% of the tokens, providing $MOGUL owners a potential chance to win prizes, including 100,000 USDT and 50,000 USDT, along...Read More
Kabosu, the Shiba Inu who became a global internet sensation as the face of the “Doge” meme, passed away on May 24 at the age of 18, her owner, Japanese kindergarten teacher Atsuko Sato, confirmed on Instagram. The beloved dog, known for her iconic expression and the humorous captions that accompanied her photos, captured the...Read More
The bankrupt crypto exchange FTX has concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were among the buyers who raked up the final troves of SOL tokens from FTX after weeks of auctions. The results of the auction were disclosed by two undisclosed sources, according to Bloomberg,...Read More
On Thursday, the U.S. Supreme Court delivered a unanimous decision against Coinbase Inc. (COIN), addressing an arbitration dispute that emerged from the cryptocurrency exchange’s 2021 Dogecoin (DOGE) sweepstakes. The 9-0 ruling clarified that a court must determine which legal agreement holds precedence when parties are governed by multiple contracts. Supreme Court Upholds Lower Court’s Authority...Read More
Though Congress may appear to have turned pro-crypto, the President may still present a key obstacle to passing key legislation for the industry, according to Senator Cynthia Lummis (R-WY). During a Friday interview, the congresswoman shared her perspective on how Capitol Hill’s views on crypto are evolving, and which parties remain opposed to pro-crypto legislation....Read More
The now-defunct crypto exchange FTX has been exposed for making payments worth over $25 million to six whistleblowers who discovered issues with it. Meanwhile, FTX still owes around $11 billion to investors who lost money after the exchange collapsed. Examiner’s Report Exposes Whistleblower Payments According to a report by examiner Robert Cleary on Thursday, one...Read More
In the midst of Ethereum and Solana ETF anticipation, Furrever Token aims to charm crypto enthusiasts with its cute cat-themed visuals and engaging challenges. While major cryptos prepare for mainstream attention, Furrever Token banks on its unique community appeal carve its niche in the evolving landscape. With a loyal following and creative spirit, it stands...Read More
Ondo Finance, a platform dedicated to tokenizing real-world assets (RWA) and backed by Pantera Capital, witnessed a surge in the value of its Ondo Finance (ONDO) token. The coin soared nearly 20%, reaching an all-time high of $1.15 on May 24, 2024. This milestone was perhaps largely driven by Coinbase’s addition of ONDO to its...Read More
[PRESS RELEASE – San Francisco, United States, May 24th, 2024] Rollup-as-a-Service platform Caldera is launching Guardian Nodes, a production-ready node system that enables network users to verify rollup blocks for rewards. HYCHAIN, the first team to leverage this system with Caldera, generated $8 million from their initial node sale. Caldera, the leading Rollup-as-a-Service (RaaS) platform,...Read More
Shiba Inu (SHIB) has posted a lackluster performance this month, yet whales remain remarkably bullish on its potential for an uptrend. This is evidenced by their mammoth accumulation of trillions of SHIB tokens in the month of May alone, which appears to be bet on SHIB’s long-term prospects, even as the meme coin has plunged...Read More
Earlier this week, bitcoin (BTC) rallied more than 13% to a five-week high daily close of $71,400, dragging the rest of the crypto market upward. Data from IntoTheBlock has revealed that a certain cohort of Bitcoin investors accumulated more of the asset than others during the surge. Bitcoin Whales on Accumulation Spree According to IntoTheBlock,...Read More
Following the news of the approval of Ethereum spot ETFs, Bloomberg Intelligence ETF analyst Eric Balchunas has dampened expectations. Balchunas said he expects Ethereum ETFs to gather just 10-15% of the assets Bitcoin ETFs have accumulated. Institutional Interest Remains Low for Ethereum A string of signs suggests Ethereum’s institutional interest is much weaker than Bitcoin’s....Read More
Cryptocurrency lawyer James Murphy, known as MetaLawMan, believes the United States Securities and Exchange Commission (SEC) has gotten into trouble following its approval of spot exchange-traded funds (ETFs) for the Ethereum network. In an X post, Murphy said the SEC is in “deep trouble” with its lawsuits against some crypto firms because the agency’s approval...Read More
Industry experts and executives have been discussing the implications of the SEC’s apparent U-turn on Ethereum. Its approval of spot Ether ETFs on May 23 may be a signal that the regulator now views the asset as a commodity and not a security. The regulator officially approved 19b-4 applications from VanEck, BlackRock, Fidelity, Grayscale, Franklin...Read More
[PRESS RELEASE – New York City, New York, May 24th, 2024] PlayFi, an AI-powered data network and blockchain tailored for the gaming industry, today announced its plan to conduct an exclusive node license presale on Polygon PoS Network. This sale deployment on the Polygon network marks PlayFi’s entrance into the market, showcasing its commitment to integrating...Read More
The Nigerian Federal Inland Revenue Service (FIRS) has pointed fingers at the Nigerian Correctional Service for failing to produce detained Binance executive Tigran Gambaryan at the Federal High Court in Abuja on tax evasion charges. Reportedly, Gambaryan was a no-show in court on May 22, slated for arraignment on tax evasion accusations by the FIRS....Read More
