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Solayer, a restaking protocol based in Solana, raises $20 million
17.5.2024
A Solana-centric staking protocol known as Solayer amassed $20 million in a mere forty-five minutes while it was still in the process of being introduced. It occurred during the Genesis Epoch 0 phase. This involved limited time, a limited cap, and the assemblage of a fair amount of important...
Solana-based platform Pump.fun loses $2M in flash loan exploit
17.5.2024
Pump.fun, a Solana platform, has suffered a loss of $2 million. The perpetrator used flash loans to acquire SOL, followed by Pump.fun meme coins. The breach of the bonding curve was a resultant factor. Pump.fun stated that it has strengthened its contracts to stop the hackers from taking more money...
Crypto ETF race intensifies with US and Hong Kong spot crypto ETFs
17.5.2024
Other countries and global markets will soon join the digital asset race, including Australia. Recently, the American Securities and Exchange Commission approved spot Bitcoin ETFs. Hong Kong also took a similar initiative, approving spot Ether Exchange Traded Funds. The US performed better than...
PEPE coin reached an all-time high, earning a whale $14 million
16.5.2024
PEPE has significantly increased by 28.27% over the last 7 days and 110.67% over the last 30 days. This has sparked optimism within the ecosystem, causing several traders to consider their strategies for banking a decent profit. One whale has sold their share to make a profit of around $14 million....
Solana (SOL) blast past key resistance, but can this hidden project steal its thunder?
16.5.2024
Solana (SOL) is currently valued at $142.60, with its trading volume down by 6.15% in the last 24 hours. Despite its massive trading volume of about $2,179,663,237, Solana needs help maintaining upward momentum. The bearish price movements reflect crypto investors’ reactions to recent...
Crypto market poised for bull run, but shadows linger
16.5.2024
All approval of applications for Spot Bitcoin ETF and the conclusion of the Bitcoin Halving set up all the technical indicators for a bull run. Expectations were optimistic that it would cause an uptick in the token value across the sphere. However, things have not exactly played fair, especially...
Robinhood Crypto unveils a slew of new features for its European customers
16.5.2024
Robinhood Crypto is ecstatic to announce a series of customer-centric additions to its European platform, namely staking, localized applications, crypto rewards for new users, and revised Learn & Earn modules. These upgrades reinforce the company’s dedication to crypto traders in Europe...
Whales move 100 billion SHIB to Coinbase & buy huge sum of Mollars token
16.5.2024
The whale movement in the meme and altcoin market is at a new high. This market movement can share a glimpse of the future outcome of crypto, especially regarding investors cashing out of SHIB and potentially moving them to a new ICO by the name of Mollars. Recent blockchain data indicates that...
Oasys Partners With SBI Group’s SBINFT Market to Boost Crypto Gaming in Japan
16.5.2024
Oasys, a blockchain network focused on gaming, has partnered with SBINFT Market, an NFT platform operated by a subsidiary of the Japanese financial conglomerate SBI Group, to expand the crypto gaming sector in Japan. The collaboration will allow developers on the Oasys platform to sell NFTs through...
Glassnode report: Bitcoin shines as Ethereum lags
15.5.2024
The Glassnode report, a noted company known for directly collecting and analyzing data from blockchain networks, has shown that Bitcoin and Ethereum have had different outcomes over the 2023–24 span. The study highlights that Bitcoin has successfully maintained its market dominance, while traders...
Crypto legislation advances amid election year tensions
15.5.2024
The United States is getting ready for the 2024 elections, and there are a lot of changes in the legislative system concerning cryptocurrencies. These changes include both the achievements and the difficulties. The US House of Representatives made a significant step by voting for Joint Resolution...
Trending memecoin hits $6.6M, can KANG achieve BONK status with a CEX listing?
15.5.2024
The meme coin market attracts more attention as analysts predict the price of BONK to rise by up to 200% in the 3rd quarter of 2024 while KangaMoon places a strong emphasis on usability and innovation which makes it different from traditional memecoins. Moreover, this trending memecoin has gotten...
Tornado Cash developer sentenced to 64 months for money laundering
15.5.2024
The Dutch court has pronounced Alexey Pertsev guilty of money laundering, with a sentence of a 64-month-long jail term passed. It was a three-judge bench that passed the verdict pertaining to the Tornado Cash builder for money laundering, amounting to $2.2 billion in unlawful assets. There is...
Ethereum Classic launches first USD-backed stablecoin: Classic USD (USC)
15.5.2024
The Ethereum Classic proudly announces the launch of Classic USD, its premium stable coin denominated in American dollars. The recent announcement is a byproduct of the collaboration between Brale, a stablecoin issuer, and web3 developers at the Ethereum Classic system. The Classic USD stablecoin...
Industry Experts Foresee Massive Growth for Crypto Market, Predictions up to $100 Trillion
15.5.2024
Raoul Pal, a well-known financial sector figure, predicts a significant expansion of the cryptocurrency market, forecasting its market capitalization could reach $100 trillion due to global liquidity trends and technology adoption. His analysis is underpinned by observations of the global liquidity...
Polygon exec: Tokenized funds set to disrupt stable coin market
14.5.2024
With the proliferation of Blockchain technology among major financial institutions around the globe, token financial products may mark the return of the vintage financial scene. This trend may disrupt and pose a challenge to the long-standing dominance of stablecoins in this domain. According...
Kaspa network launches Rusty Kaspa Node in open beta
14.5.2024
Kaspa network brings the initial stable Rusty Kaspa (RK) node to the table, via which they will be moving towards an enhanced and maximized engine. Presently, being a segment of open beta, RK nodes consist of one-fourth of the P2P network and 29% related to hashrate mined via them. Transitioning...
Pepe coin makes historic leap, surges to new ATH
14.5.2024
PEPE, the deflationary memecoin on Ethereum, reached new heights in its journey. In the early hours of May 14th, PEPE reached its new all-time high, a whopping +37500% increase from its all-time low, standing at $0.000011. Many investors have been hopeful about the token’s performance since...
MtGox set to distribute $500 million in assets to creditors by October 2024
14.5.2024
MtGox is on the way to deliver 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH), along with 69 billion yen, to creditors by October 31, 2024. For some time now, the company has put investors in an absolute quandary regarding its actual status. The company was officially established in 2010...
Spot Bitcoin ETF sees first inflow in five weeks amid market shift
14.5.2024
There is a notable shift in the market, with Spot Bitcoin ETF banking an inflow for the first time in five weeks. There was a trend of outflow for 4 consecutive weeks, but that has been broken with the inflow of $130 million in total. This pertains to the US Spot Bitcoin ETF offering with …