Binance has announced the third project in its Megadrop series, featuring Solv Protocol (SOLV), a revolutionary Bitcoin staking protocol aiming to create a Bitcoin-based financial ecosystem. The event offers a massive 588,000,000 SOLV in token rewards, making up 7% of the total Genesis supply. Participants can boost their rewards by creating a Binance Web3 Wallet …
Malaysia’s Securities Commission (SC) has ordered Bybit and its CEO, Ben Zhou, to suspend operations for running without proper registration. Bybit must shut down its platforms, halt advertising, and dissolve its Malaysian Telegram support group by December 25. The SC cited investor protection concerns, reminding users that unregistered platforms pose higher risks. Bybit has complied …
If 2024 was a year of chatbots, expect 2025 a year of AI intelligence. In the past 30 days, AI Agents emerged as the top-performing narrative with a 67.02% return, according to Dexu AI. CEX coins followed closely with a 42.61% gain. On the other hand, Modularity suffered the steepest losses, declining by 30.99%, while …
MakerDAO achieved remarkable milestones in December, with DeFiLlama data showing it captured $39.52 million in fees and $25.96 million in revenue—both all-time highs. The protocol’s total captured fees reached $555.68 million, while total revenue hit $384.95 million. Notably, December 9 saw a single-day peak with $1.67 million in fees and $1.18 million in revenue. The …
Recently, CryptoQuant CEO and founder Ki Young Ju has noted that President-elect Donald Trump’s Bitcoin policies likely depend on the perceived strength of the United States economy and the US dollar by the global investment community. He noted that assets like Gold and Bitcoin rise in value when investors perceive threats to US economic dominance. …
In a latest development, El Salvador has become the sixth country to currently hold more than 6,000 Bitcoin. Notably, the country acquired another 1 Bitcoin on Dec. 29, pushing the country’s holdings to 6000.77 Bitcoin, currently worth $569.3 million. The latest purchase puts El Salvador up 108.02% on its Bitcoin investment, having purchased the 6,000.77 …
PeckShield has reported a token that manipulates the ‘Squid Game’ name, utilised in a recent launch on the Base blockchain. In this case, the token has lost 99% of its value as soon as the coin started, and many investors lost significant amounts of money. This must be the hand of the deployer, the largest …
The Crypto Council for Innovation CEO Sheila Warren lost her X account to hackers that was used to advertise the fake $SPELL token. The attacked post claimed $SPELL as an artificial intelligence and crypto project intended for Web3 and Solana. The Crypto Council was quick to respond to the new post and denounced it as …
KULR Technology has made a groundbreaking decision to allocate 90% of its surplus cash reserves into Bitcoin. The company purchased 217.18 BTC at an average price of $96,556 per Bitcoin, signaling a major commitment to the crypto market. This bold move has driven significant investor interest, with KULR’s stock skyrocketing over 312%. Similarly, Rumble, another …
Parcl, a decentralized real estate trading platform on Solana, achieved a record $100 million daily trading volume on December 26, with its Miami Beach index contributing $47 million. This milestone marks a turnaround after a slow start following its Token Generation Event (TGE). Parcl’s weekly transactions surged to over 16,000, five times Q3 levels, signaling …
U.S. Congressman Ro Khanna has introduced a bill to ban stock trading by Congress members and their spouses, aiming to “clean up corruption in Washington.” Khanna’s proposal includes prohibiting PAC and lobbyist donations, instituting term limits, and adopting ethics codes for justices. The move follows President Joe Biden’s recent support for a similar ban, citing …
Binance Wallet has added support for nine innovative dApps, including UniSat, ALPHA-X, WOOFi, oooo Protocol, DeSyn Protocol, Prosper, Eddy Finance, Matrixdock, and Jasper Vault. These applications span diverse functionalities such as cross-chain transactions, stablecoins, AI-driven insights, and decentralized liquidity solutions. This expansion reflects Binance’s commitment to enhancing its ecosystem and offering users advanced tools for …
Shiba Inu lead developer Shytoshi Kusama has confirmed the TREAT token launch shortly ahead. In an official X post by Shytoshi Kusama as of December 27, the lead developer stated, “it’s time to start talking about TREAT, the future of our state and what we’ve been up to the last few years.” The statement gained …
In a latest develoment, Ethereum co-founder Vitalik Buterin said he would accept an invitation to be the “adoptive father” of pygmy hippo Moo Deng when she grows up. He is also donating 10 million Thai baht ($300,000) to the Khao Kheow Open Zoo near Bangkok where the five-month-old lives, he shared in an X post …
Binance has announced that it will suspend deposits and withdrawals of tokens on the Optimism (OP) network starting January 9, 2025, at 17:00 UTC. This suspension is to support the network upgrade and hard fork scheduled for 18:00 UTC on the same day. Trading of tokens on the OP network will remain unaffected. Binance will …
Ethiopia is making waves by using its Grand Renaissance Dam to power Bitcoin mining, generating 18% of Ethiopian Electric Power’s revenue. This renewable energy strategy has transformed excess hydroelectric power into a profitable asset, with $1 billion spent on mining in the past year, surpassing earnings from electricity exports. Deals with 25 Bitcoin mining firms …
The Bank of Japan’s December meeting review focused on maintaining its current monetary policy despite growing inflation concerns. The committee acknowledged the rising price risk but stated it hadn’t reached a level requiring immediate interest rate hikes. They emphasized that future rate adjustments would carefully consider economic goals and risk assessments. The BOJ’s cautious approach …
Tether has made its first crypto venture capital fund investment into Arcanum Capital’s Arcanum Emerging Technologies Fund II, for $2 million. Tether’s investment in a venture capital fund marks the latest in a series of diversification efforts by the stablecoin issuer. In October, Tether proposed a boron-backed token to the Turkish government. Tether also facilitated …
Michael Saylor, has issued a remark on the Bitcoin drawdown that coincided with the period of 2024 winter holidays. He tweeted “Take a Holiday ₿reak” to his followers, hinting at the current Bitcoin drawdown. After Bitcoin rallied nearly 6% to reach the $99,400 mark on December 24, it traded in that range for two days, …
Shiba Inu’s burn rate spiked nearly 100%, with 6.26 million SHIB permanently removed from circulation, sparking optimism for price growth. The Christmas launch of “SHIB: The Metaverse,” featuring Chainlink CCIP for multi-chain functionality, and hints of the upcoming TREAT token have fueled bullish sentiment. Whale activity also added excitement, as 2.88 trillion SHIB, worth $65.7 …
Russia has begun using Bitcoin and other cryptocurrencies for international trade following legislative changes to counter Western sanctions, Finance Minister Anton Siluanov revealed. These measures include legalizing cryptocurrency mining and transactions in foreign exchange, positioning Russia as a global Bitcoin mining leader. Siluanov emphasized that such digital payments represent the future and are already in …
Binance Thailand has endorsed former Prime Minister Thaksin Shinawatra’s idea of using Phuket as a Bitcoin payment sandbox to attract tech-savvy tourists and investors. Gulf Binance CEO Nirun Fuwattananukul highlighted Thailand’s potential to lead in digital innovation while urging caution. He emphasized the need for a regulatory framework addressing volatility and monetary stability risks. A …
By the end of November, over 15.59 million South Koreans held accounts on the nation’s top five crypto exchanges—Upbit, Bithumb, Coinone, Korbit, and GOPAX. This remarkable growth aligns with increased market activity sparked by U.S. President-elect Donald Trump’s pro-crypto policy statements. A report by the Bank of Korea, created under the Virtual Asset User Protection …
PancakeSwap, a leading decentralized exchange (DEX), has announced a massive achievement in 2024. The platform recorded an impressive 179% year-on-year growth, hitting $310.6 billion in trading volume across nine blockchains. Key upgrades, including PancakeSwapX and a Telegram Swap-bot, drove the platform’s success. Layer-2 networks like Arbitrum and Base significantly contributed to this growth. Additionally, PancakeSwap …
Coinbase International saw a total trading volume of over $119 billion this past week, averaging nearly $20 billion per day. Remarkably, the weekly total is 124% higher than the previous week’s total, while this past week’s daily average is 164% higher than the previous week’s daily average. The rise of Coinbase International comes after several …
Centralized crypto trading platform Bullish has officially added the Ripple USD (RLUSD) stablecoin, as per a Tuesday announcement. It noted that Starting today, eligible regions can trade the following markets: RLUSD/USDC BTC/RLUSD XRP/RLUSD ETH/RLUSD USD/RLUSD EUR/RLUSD and SOL/RLUSD. Ripple launched the stablecoin earlier this month with initial listing on Bitso, Uphold and other global trading …
Argentina’s justice system has ordered Tether to freeze over $3.5 million in USDT linked to Rainbowex, a suspected pyramid scheme under investigation. The freeze follows a large-scale operation that involved 22 search warrants and the detention of 10 individuals. Rainbowex, which misled investors with promises of high rewards through crypto transactions, was found to operate …
North Korean hackers were behind the May 2024 theft of over 4,500 BTC from Japan’s DMM crypto exchange, resulting in a $305 million loss. U.S. and Japanese authorities revealed that the attack was affiliated with the TraderTraitor group, known for social engineering tactics. The hackers gained access to crypto wallet company Ginco’s communications system through …
The Securities Commission of Malaysia has blacklisted Atomic Wallet for operating an unregistered digital asset exchange. The regulator did not elaborate further, but Atomic Wallet’s 2023 hack, which led to over $100 million in losses and multiple lawsuits, likely contributed to its inclusion. Atomic Wallet now joins other crypto firms, including Crypto Trade Malaysia and …
SonicX, a popular tap-to-earn game on TikTok, will airdrop its SONIC tokens to users through Solana’s Sonic SVM network. Launched in October, SonicX allows players to tap their screens to earn rewards, purchase power-ups, and refer friends. The game’s user-friendly setup requires no crypto wallet or complex transactions, attracting over 2 million players in just …