With the US presidential elections coming closer, November 5, the anticipation is growing in the crypto market. Despite a minor slump over the weekends, the bulls are back, and the BTC price is above $69k. Amid the rising waves, a whale recently withdrew $5M worth of USDC to bet on Kamala Harris winning the elections. …
Circle, the issuer of stablecoin USDC, sees Hong Kong as a key market and plans to expand its presence by hiring more employees and establishing operations locally. The company awaits new stablecoin regulations and is considering a license application. Hong Kong’s advantages, such as same-day U.S. dollar settlement capabilities and status as the Asia-Pacific’s largest …
Just In: SUI has recorded higher net inflows compared to Solana and Ethereum combined, with an inflow of about $24.3 million. Solana and Ethereum appear to have net inflows of around $10 million and $9.7 million respectively. Sui has momentarily outpaced them in terms of new capital entering the ecosystem. Sui’s unique approach to blockchain …
The Solana-based DePIN project Grass is making headlines as its GRASS token surged 125% in just three days after a huge airdrop on October 28. With 1.5 million wallets claiming tokens, the GRASS price is now up 60%, trading at $1.82, and its market cap has reached $450 million. This airdrop is the largest in …
On October 29, $1 billion USDT was minted on the TRON network, marking the 14th issuance this year. This action has increased the total supply of USDT on TRON from about $48.8 billion to around $62.8 billion. According to CryptoQuant analyst Maartunn, this massive minting reflects a growing demand for stablecoins and highlights increasing activity …
As per the latest reports from Polymarket, the data shows that the winning rate of Trump has fallen since it reached a peak of 67% on 30th October. Notably, the Polymarket has reported a drop to 58.1% today, making it a change of -8.9%. On the other hand, the winning rate of Kamala Harris has …
Recently, the self-custodial cryptocurrency wallet “SafePal” joined the rapidly growing Telegram crypto ecosystem by launching a “Mini App” wallet on Messenger. Reportedly, SafePal officially introduced its Telegram Mini Wallet App on the 02nd of November (today) after announcing pre-launch during a keynote at the “TON Gateway event” that is dedicated to The Open Network (TON) …
Reclaiming the spot of 10th biggest cryptocurrency in the world, Cardano hits a market cap of $12.56 billion. The achievement comes with a 5.24% jump in the past 24 hours, as Cardano is currently trading at a price of $0.3591. Despite a slowdown in the top cryptocurrencies, as Bitcoin drops 0.12% and Ethereum by 0.40%, …
As the altcoin market prepares for a bullish comeback, Anchorage Digital, one of the largest holders of ENA, withdrew 10.7 million ENA tokens. The transaction is worth nearly $4 million and has occurred over the Binance Exchange. The strategic move to withdraw ENA before the altcoin bull run reflects the firm’s expectation of a bull …
With a newfound interest in NEIRO, a smart trader has made a bullish entry. Despite a minor loss of momentum, NEIRO on the Ethereum token surged by 17% last night. However, the intraday pullback drops the market cap by 4.88%. Amid the increased volatility, the whale 0x944 has withdrawn 8.02 million NEIRO tokens worth $782.74k. …
Being one of the biggest HODLers of Bitcoin after Satoshi, MicroStrategy has recently been in the news for transferring its Bitcoin. The organization’s wallet registers a transaction of 1652 BTC worth nearly $114.38 million to a new wallet. The transaction occurred in the past 12 hours. Despite the recent transaction, MicroStrategy holds 252,220 BTC worth …
According to Lookonchain data, MicroStrategy recently transferred 1,652 BTC, valued at $114.38 million, to a new wallet. The company, a significant Bitcoin holder, currently holds 252,220 BTC worth $17.56 billion, with an average acquisition price of $39,266 per BTC. This investment has yielded an unrealized profit of $7.65 billion. In a continued display of commitment …
DWF Labs’ Managing Partner, Andrei Grachev, announced potential legal action against Eugene Ng, a founding partner recently dismissed from the firm following allegations of drink spiking. Ng’s removal from DWF’s team page came after X user Hana accused him of drugging her drink during an October 24 meeting in Hong Kong, prompting police involvement. Grachev …
Strive Asset Management, co-founded by Trump advisor Vivek Ramaswamy, announced it will integrate Bitcoin into its wealth management services, emphasizing crypto as a hedge against economic challenges. The $1.7 billion firm, now headquartered in Texas, aims to include Bitcoin in standard investment portfolios for American clients. This shift aligns with a broader political wave, with …
A French national identified as “Théo” has reportedly placed around $38 million in pro-Trump bets on the prediction market Polymarket, aiming for profit rather than political influence. According to a Wall Street Journal report, Théo used accounts under aliases like Fredi9999 and PrincessCaro, placing substantial wagers on Trump winning both the U.S. Electoral College and …
From a recent disclosure, Donald Trump’s Vice President pick, JD Vance, known to be pro-crypto, owns a significant amount of Bitcoin. According to a CBS report, JD Vance owns between $250,000 and $500,000 in Bitcoin. Like Donald Trump, Vance is known to be pro-crypto and has made eight positive statements about crypto. As a US …
In a groundbreaking move, Argentina’s Central Bank has become the first financial institution to host a live Bitcoin mining exhibit, paving the way for other banks to follow suit. This move signals a growing acceptance of cryptocurrencies in the financial sector, potentially leading to increased mainstream adoption. By embracing Bitcoin, Argentina’s Central Bank may be …
As per the latest announcement, Tether will issue a stablecoin pegged to the UAE Dirham (AED) on the TON blockchain. The move aims to enhance financial transactions and provide a stable digital currency option within the region. The TON blockchain, known for its scalability and efficiency, is expected to support the seamless integration and operation …
The latest US Job data by the Labor Department revealed that the non-farm payroll surged by 12,000 in October, down from the revised figure of 223,000 noted in the prior month, compared to the market forecast of 110,000. The US unemployment rate remained steady at 4.1%, unchanged from the figure noted in September which also …
The world’s largest cryptocurrency exchange, the Binance platform has reportedly burned 1.048 billion Terra Luna Classic tokens worth $95,073.99 in the 27th batch of its LUNC burn mechanism. With the latest Binance LUNC burn, the total tokens burned by the Terra Classic community has reached almost 137 billion. The total LUNC burned by the top …
The Binance (BNB) Foundation has announced the successful completion of its 29th quarterly BNB burn. During this period, it has burnt a total of 1,772,712.363 BNB tokens worth approximately $1.07 billion. This quarter’s burning and future burning will be carried out directly on Binance Smart Chain (BSC). moreover, the corresponding amount of the BNB tokens …
On 01st November, UBS Asset Management announced the launch of UBS USD Money Market Investment Fund Token (uMINT) which is reportedly built on Ethereum distributed ledger technology. Notably, this fund will only be available through authorized distribution partners. Previously UBS had actively engaged with the public Ethereum blockchain with the assistance of the tokens that …
LDO price has dropped 8.61% in the last 24 hours and is trading at $1.043. As the crash started, the whale address 0x9244 liquidated its entire Lido DAO token holdings after a three-year investment period. The whale sold 458.86K LDO tokens worth $489.6K in exchange for 181.6 ETH. The sudden exit came with a massive …
In a recent transaction, the ACT development team has started to offload their holdings. The team sold 34.2 million ACT tokens in exchange for 4,340 SOL worth nearly $730,000. Due to the sudden sale, the ACT market price dropped by 52%. Despite this massive sale, the team continues to hold 21 million ACT worth ~$630,000. …
On October 31, the Bitcoin spot ETF reported a daily net inflow of $32.14 million, the lowest in the past week. Ethereum’s spot ETF had a net inflow of $13.06 million in a similar slowdown. BlackRock’s IBIT ETF remains positive, with a net inflow of $318.80 million. However, outflows were seen in Grayscale’s GBTC and …
JPMorgan Chase has agreed to pay $151 million to settle five SEC charges, including allegations of misleading disclosures to clients. The SEC says the U.S.’s largest bank put customers at risk by failing to reveal conflicts of interest across several business lines fully. The settlement includes $61 million in fines and $90 million in reimbursements. …
Zircuit has officially opened its airdrop to EigenLayer holders and stakers, creating new excitement for the project. In addition, Zircuit partnered with Binance Web3 Wallet to launch an airdrop with a $500,000 prize pool in Zircuit tokens, along with gas fee subsidies. This initiative aims to reward and attract new users to its platform. Known …
Florida’s Chief Financial Officer, Jimmy Patronis, revealed that the state has around $800 million invested in crypto-related assets. Speaking to CNBC, Patronis hinted that this amount could rise if former President Donald Trump returns to office, as Trump has proposed building a national “crypto stockpile” focusing on Bitcoin. Patronis also suggested putting some of Florida’s …
CZ made his first public appearance after being released from prison during the Binance Blockchain Week. Ahead of the upcoming US Presidential elections, Changpeng Zhao is hopeful about the future of global crypto regulations. He stated that cryptocurrency regulations are heading in a promising direction worldwide. Zhao implied that shifting views on cryptocurrency suggest growing …
Binance has announced a strategic collaboration with Amazon Web Services (AWS) to leverage AI-powered tools in enhancing user services on its platform. The partnership leverages GenAI to revamp user experience, from seamless onboarding to automated customer support. With tools like Amazon Bedrock and ECS, Binance’s KYC now auto-fills data, cuts OCR costs by 80%, and …