Whales are making huge profits amidst another market-wide rally, with a recent PEPE transaction demonstrating the staggering potential of meme coin investments. Lookonchain revealed that the PEPE whale fetched an extraordinary return on investment. After being dormant for 600 days, the entity transferred all 2.1 trillion PEPE tokens, which are worth around $52 million, to...Read More
Ethereum extended its streak of inflows to seven consecutive weeks, accumulating $3.7 billion during this period, with $1 billion recorded last week alone. This highlights improving investor sentiment toward the world’s second-largest cryptocurrency. The Market: Zooming Out According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, overall, digital asset investment products...Read More
Mark Longo, popularly known as Squirrel Dad, has taken legal action against Binance for what he describes as unauthorized use of his intellectual property, including images and trademarks tied to Peanut the Squirrel. The animal in question, stylized as “P’Nut,” was a male eastern grey squirrel rescued by Longo in 2017. It became an internet...Read More
Bitcoin surged to a new all-time high of $106.5K, marking a historic moment in its 16-year trajectory. As the world’s leading cryptocurrency gained almost 200% this year, there was a key contributing factor to this price surge. The latest data suggest a notable increase in whale wallet activity that has pushed it to a new...Read More
This year is gradually coming to an end, and while the crypto industry witnessed significant growth this year, particularly after the United States presidential election, 2025 is expected to be an even better year. The on-chain analytics platform Nansen has shared with CryptoPotato key insights into important institutional trends that will gain momentum in the...Read More
According to the second annual Global Survey on Crypto and Web3 by Consensys, emerging markets are spearheading global cryptocurrency adoption. The report reveals that countries like Nigeria, South Africa, and the Philippines are driving significant growth in awareness, ownership, and participation in crypto-related activities. Emerging Markets at The Forefront The survey shows that 93% of...Read More
Leading Ethereum’s re-staking protocol, EigenLayer has unveiled its second EigenLayer Improvement Proposal (ELIP-002). The latest move is expected to be a significant step towards accountability and operational efficiency in its ecosystem. EigenLayer Releases ELIP-002 According to the official post, the proposal introduces a penalty mechanism, known as slashing, alongside two innovative concepts: Unique Stake and...Read More
Ronin, the Layer 1 blockchain developed by Sky Mavis, experienced a significant 149% year-over-year increase in DeFi TVL, reaching $147 million in Q3 2024. There are several factors influencing this growth. One of the major catalysts was, however, the price surge of the RON token. Ronin’s DeFi, NFT Demand Grows According to Messari’s latest report,...Read More
Chinese fabless integrated circuit design company Nano Labs has announced the successful closing of a $36.25 million private placement. The transaction, which was first disclosed in November, involved the issuance of 5,611,459 Class A ordinary shares at a purchase price of $6.46 per share. The shares were priced at $6.46 each, and the transaction was...Read More
The cryptocurrency arm of the American financial services company Robinhood has released its end-of-the-year report for 2024, outlining its growth and expansion to new markets over the past 11 months. Alongside the report release, Robinhood Crypto is celebrating the first anniversary of launching a digital asset trading division in Europe. Robinhood Releases End of Year...Read More
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Francier Obando Pinillo, a pastor from Pasco, Washington, accusing him of running a fraudulent cryptocurrency Ponzi scheme worth at least $5.9 million. The complaint names Pinillo and his associated businesses, Solanofi, Solano Partners Ltd., and Solano Capital Investments, collectively known as the...Read More
Five individuals associated with IcomTech, a cryptocurrency Ponzi scheme that defrauded investors of $8.4 million, were ordered by a federal court to pay over $5 million in restitution and penalties. The December 11 ruling by the United States District Court for the Central District of California also included prison sentences for three of the defendants....Read More
Republican State Representative Giovanni Capriglione has officially filed to create a strategic Bitcoin (BTC) reserve for Texas. According to him, the bill is meant to enhance fiscal stability while solidifying the state’s leadership in digital innovation. The Proposed Legislation Capriglione announced the proposed Texas Strategic Bitcoin Reserve Act (H.B. No. 1598) during an X Spaces...Read More
Analysts at the on-chain intelligence platform CryptoQuant have identified network dynamics that could push ether (ETH) above $5,000 in the coming weeks. Per a weekly report, the Ethereum network is seeing renewed demand and increased network activity. Valuation metrics suggest the second-largest cryptocurrency will trade above $5,000 if supply and demand dynamics continue. The asset...Read More
A recent endorsement by former Binance CEO Changpeng Zhao (CZ) of the blockchain-driven travel platform Travala has skyrocketed its AVA token by more than 300% in the last 24 hours. The surge also follows a series of announcements, including new market listings and milestone achievements for the company. CZ’s Influence On December 11, Travala reported...Read More
Electric Capital’s 2024 Developer Report has revealed that for the first time since 2016, Solana outpaced Ethereum as the leading blockchain ecosystem for attracting new developers. The breakthrough highlights Solana’s rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase. Rise in Developer Activity The report,...Read More
Hunter Horsley, CEO of Bitwise, announced that a Spanish bank has allocated 2% of its holdings to the Bitwise Aptos staking ETP. In a tweet, Horsley stated that the adoption of cryptocurrencies is accelerating as traditional financial institutions integrate more crypto-savvy investors. He noted that the investment, made through one of the bank’s funds, marks...Read More
Chainlink (LINK) has recently surpassed the $29 mark for the first time in 37 months. Over the past week, the native token of the decentralized oracle network posted a 21% gain. As a result, LINK has emerged as one of the best-performing altcoins in recent weeks. Whale and Shark Gobble Up LINK The surge is...Read More
The Eigen Foundation has announced its pledge to allocate 1% of the EIGEN token supply to the Protocol Guild, a collective funding mechanism dedicated to supporting Ethereum Layer 1 R&D. The latest pledge forms part of the team’s mission to create a marketplace for “programmable trust” through its decentralized restaking protocol. Eigen Foundation’s 1% Token...Read More
Vancouver’s city council has voted in favor of exploring the use of BTC in municipal finances, marking a significant step toward making the city “Bitcoin-friendly.” Mayor Ken Sim introduced the motion, which passed on Wednesday with strong support from six councilors. Two voted against it, and three were absent. Vancouver to Explore Bitcoin Integration The...Read More
AAVE, the native token of the decentralized crypto lending platform Aave, surpassed $363 after surging by approximately 30% over the past day. This is the first time since 2021 that the asset has recorded a crucial milestone in a rally powered by a huge wave of coins moving back into circulation. Major AAVE Stakeholders Circulate...Read More
Ethereum has emerged as the leading blockchain for Tether’s USDT supply, surpassing Tron in a monumental shift for stablecoin dominance. Over the past month, Tether issued $20 billion in USDT on the network, possibly marking it as the go-to blockchain for activity involving the fiat-pegged cryptocurrency. Strategic Expansion Figures shared by the on-chain data platform...Read More
On December 11, privacy coins stole the spotlight as the market surged, led by notable gains across key tokens. Data collected from crypto price tracking websites revealed that Verge (XVG) rose by 37.4% across 24 hours, with Zcash (ZEC) and Monero (XMR) also posting significant gains, up 15.4% and 12.3%, respectively. Privacy Coin Resurgence The...Read More
World Liberty Financial (WLFI), a decentralized finance (DeFi) initiative endorsed by President-elect Donald Trump, has made headlines with a significant $12 million purchase. Using USD Coin (USDC), WLFI acquired various tokens, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). WLFI’s Crypto Buying Spree Blockchain analytics platform Lookonchain reported that the transactions were recorded on December...Read More
Bitcoin had a brief hiccup for two days, Monday and Tuesday, against the backdrop of a roaring month-long bull rally for the cryptocurrency. More recently, BTC absolutely melted up from $68,000 at the start of November to a record high above the $100,000 level in about 30 days. But the brief pull-back may have only...Read More
Whale deposits into Binance have surged to a six-month high, with over 2.66 billion XRP tokens moved to the exchange in the past 30 days. According to the latest analysis by CryptoQuant, this figure marks the largest influx of XRP by large holders since April 2024, indicating a notable uptick in activity among whales. These...Read More
A new wave of crypto scams has emerged, with attackers using fake X accounts to impersonate popular influencers and lure unsuspecting users into fraudulent Telegram groups. Users are then manipulated into installing malware that compromises crypto wallet data. Scammers Moving Beyond Simple Phishing Scams According to blockchain security firm Scam Sniffer, the scammers comment on legitimate...Read More
On Wednesday morning in Abu Dhabi, Binance and Circle announced a strategic partnership to promote USDC, a stablecoin jointly owned by Circle and Coinbase. The collaboration comes as stablecoins gain traction in mainstream finance and competitors seek to challenge the dominance of market leader Tether. The Alliance Details about revenue sharing in this arrangement remain...Read More
In October, Raydium made history by becoming the number one DEX by volume across all chains, a milestone it quickly built on in November. According to Messari’s latest report, Raydium surged ahead of Uniswap in monthly DEX volumes by a striking 30%, achieving $124.6 billion compared to Uniswap’s $90.5 billion. Raydium Leaves Uniswap Behind Raydium...Read More
After a turbulent correction, the cryptocurrency market has found some calm, with prices stabilizing. Meanwhile, the Mean Dollar Invested Age is quietly pointing to heightened network activity, often seen as a precursor to extended bullish trends. Despite a market-wide retracement this week, the Mean Dollar Invested Age (MDIA) – an often-overlooked crypto metric – signals...Read More
