The recently listed PROVE token demonstrated significant volatility in its early trading. After an initial surge from $0.65 to $1.50 immediately post-listing, the token’s price found stability around the $1.20 level, pointing towards emerging short-term support. Significant tokenomics factors include… Read More »PROVE Token Shows Volatility After Debut, Technicals Hint at Potential Rally
The Shiba Inu (SHIB) ecosystem has reported a dramatic increase in its token burn rate, surging 286% within a 24-hour period. Despite the significant percentage increase, the actual number of tokens burned was relatively small at 269,722 SHIB, translating to… Read More »Shiba Inu Burn Rate Soars Amid Modest Token Destruction and Price Rebound
Personal finance author Robert Kiyosaki has endorsed Bitcoin as a low-maintenance investment requiring minimal management, highlighting its advantages over traditional assets like real estate. The creator of ‘Rich Dad Poor Dad’ shared his successful experiences with cryptocurrency investments while advocating… Read More »Robert Kiyosaki Touts Bitcoin as Low-Effort Long-Term Investment, Contrasts with Real Estate
OpenAI is advancing toward a $500 billion valuation through a secondary share sale, representing a 66% increase from its earlier $300 billion fundraising target. This initiative aims to provide liquidity to employees and early investors. The company secured $8.3 billion… Read More »OpenAI Pursues $500 Billion Valuation as Worldcoin Faces Global Scrutiny Over Biometric Data
Analysts warn that XRP may undergo a significant price correction as technical indicators flash bearish signals and large holders accelerate selling activity. A sell signal accompanied by an MVRV death cross has emerged on XRP’s three-day chart, signaling potential further… Read More »XRP Faces Deepening Correction Risk Amid Bearish Signals and Whale Selloffs
The U.S. Securities and Exchange Commission (SEC) has issued crucial guidance indicating that certain liquid staking services do not constitute securities under federal law. This regulatory clarification reduces hurdles for Ethereum exchange-traded funds (ETFs) and may accelerate their approval process… Read More »SEC Clarifies Liquid Staking Not Securities, Clearing Path for Ethereum ETF Approvals
Hyperliquid captured a significant 35% of total blockchain network revenue generated in the latest monthly period, driven by intense demand for its derivatives trading platform. This achievement coincided with more than $5.1 billion in USDC stablecoin being bridged onto the… Read More »Hyperliquid Commands 35% of Blockchain Revenue Amid Derivatives Surge, Plans Ecosystem Expansion
Cybercriminals stole more than $1 billion through phishing attacks targeting cryptocurrency investors during 2024, according to security analyses. The criminal operations exploited human vulnerabilities across 296 documented incidents, primarily using fraudulent links to harvest sensitive information like private keys. One… Read More »Phishing Scams Cost Crypto Investors Over $1 Billion in 2024
The UK’s Financial Conduct Authority (FCA) has reversed its prohibition on crypto exchange-traded notes (cETNs), making these products accessible to retail investors starting October 8, 2023. This decision marks a significant shift in the regulator’s stance, ending a ban that… Read More »UK FCA Lifts Ban on Crypto ETNs for Retail Investors
Matt Hougan, Chief Investment Officer of Bitwise, has identified Ethereum, alternative Layer 1 blockchains, and decentralized finance (DeFi) as the premier investment sectors catalyzed by the U.S. Securities and Exchange Commission’s (SEC) new ‘Project Crypto’ initiative. This regulatory program aims… Read More »Bitwise CIO Hougan Names Ethereum, L1s, and DeFi Key Focus Areas Post-SEC Project Crypto
BDACS has introduced institutional-grade custody solutions for XRP in South Korea, enhancing regulatory access and asset security for financial institutions. The service development follows a strategic partnership with Ripple, aligning with South Korea’s regulatory roadmap for institutional cryptocurrency adoption. The… Read More »BDACS Launches Institutional XRP Custody Service in South Korea Through Ripple Partnership
The U.S. Securities and Exchange Commission (SEC) has formally confirmed that Lido Finance’s staked ether (stETH) token does not constitute a security, delivering crucial regulatory clarity for decentralized finance operations in American markets. This determination resolves long-standing compliance uncertainty surrounding… Read More »SEC Confirms Lido’s stETH Not a Security, Boosting U.S. DeFi Regulatory Clarity
Bitcoin is currently defending the crucial $113,500 support level, signaling potential for a rebound targeting the $116,000-$121,000 trading channel during the next upward cycle. Market structure analysis indicates this key price floor is strengthened by a combination of diagonal trendline… Read More »Bitcoin Maintains Critical $113.5K Support, Eyes Rebound Above $116K Amid Bullish Structure
Solana (SOL) has achieved unprecedented on-chain activity with a record high in non-voted transactions, even as its token faces significant price pressure due to whale sell-offs and competitive pressures. The network averaged 1,318 true transactions per second (TPS) in July,… Read More »Solana Sets Transaction Record Amid Whale Sell-offs and Underwhelming Price Performance
Binance founder Changpeng Zhao (CZ) has moved to dismiss a $1.76 billion lawsuit filed against him by the FTX bankruptcy estate, arguing the Delaware court handling the case lacks jurisdiction over him. Zhao contends he falls outside the court’s reach… Read More »Binance Founder CZ Challenges Jurisdiction in $1.76 Billion FTX Lawsuit
Shiba Inu has declared an unprecedented election to appoint a president for the SHIB state ecosystem, reinforcing its commitment to complete decentralization through structured community governance. The vote represents a milestone in transferring operational authority to token holders and embodies… Read More »Shiba Inu Announces Community Election for Presidential Role to Drive Decentralization
Lancashire Police have successfully seized Bitcoin valued at approximately $665,000 connected to a fraud case. The recovered digital assets allowed authorities to fully compensate the victims of the crime and allocate the remaining surplus towards funding community safety initiatives within… Read More »Lancashire Police Seize $665K Bitcoin, Fully Compensate Victims and Fund Community Projects
Ethereum is approaching a crucial support level at $3,369, attracting significant buyer interest despite its current trading price of $3,590.60 – a 3.51% dip from recent peaks. Analysts highlight strong institutional backing and ETF activities reinforcing market confidence. Technical parallels… Read More »Ethereum Nears Critical $3,369 Support Amid Bullish Prospects
Investment giant BlackRock has transferred 2,544 Bitcoin (approximately $292 million) and 101,975 Ethereum (roughly $372 million) to cryptocurrency exchange Coinbase Prime. This activity signals a potential shift from accumulation to sell-off positioning as transfers to exchanges typically precede institutional selling.… Read More »BlackRock Moves $664M in BTC and ETH to Coinbase Amid ETF Outflows
Concerns over potential stagflation in the US economy intensified following the release of weak economic data, negatively impacting traditional equity markets and the cryptocurrency sector. The ISM Services Purchasing Managers’ Index (PMI) for July registered at 50.1, falling below economist… Read More »Stagflation Fears Weigh on Stocks and Bitcoin Amid Weak US Service Sector Data