In a recent move, Binance has transitioned its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin, signaling a shift towards enhanced reliability and transparency. By transferring 100% of SAFU’s assets to USDC, Binance aims to ensure stability at $1 billion, utilizing a trusted and audited stablecoin for added security. Apart from
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As the fourth Bitcoin halving approaches, scheduled for later this week, Bitcoin miners are facing a significant drop in stock prices. Key players in Bitcoin mining such as Marathon Digital (MARA) and Riot Blockchain (RIOT) have experienced substantial declines, with their stock prices dropping by approximately 53% and 54%, respectively, from their peak values earlier
Yuga Labs, a prominent player in the gaming industry, recently announced the sale of two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a well-known Web3 gaming studio. This strategic move by Yuga Labs aims to concentrate its efforts on the development of its two major projects, Otherside and
Ethena, a synthetic dollar protocol on the Ethereum blockchain, has introduced the stablecoin USDe. The goal of USDe is to function as a censorship-resistant and scalable form of digital money pegged to the US dollar. Despite its rapid growth in market capitalization to over $2 billion since its launch, there are significant risks associated with
The cryptocurrency market has been experiencing a downturn, but Solana meme coin markets are still seeing explosive activity. The latest token to make waves is Elawn Moosk, a new Elon Musk-themed token. Retail investors are drawn to these meme-laden tokens inspired by the prominent CEO. Despite some initial challenges, Elawn Moosk is currently trading at
Recently, the X account of renowned actor Tom Holland fell victim to a hacking incident. This breach, impacting his profile with over 7 million followers, was utilized by the attackers to promote a fraudulent cryptocurrency and NFT scheme. The compromised account was manipulated to announce a false partnership with the reputable global cryptocurrency exchange Binance,
In the midst of a turbulent cryptocurrency market, investors are turning their attention to a new player in the virtual reality space – 5thScape. As major cryptocurrencies such as Bitcoin and Ethereum experience a downturn, the spotlight is now on 5thScape as a potential game-changer in the industry. With a unique vision for the future
The recent report released by cryptocurrency exchange Bybit sheds light on the upcoming Bitcoin halving event and its potential impacts on the supply dynamics of Bitcoin within exchanges in the crypto space. According to Bybit, the reserves of Bitcoin on exchanges have been depleting rapidly, with only nine months of BTC supply left on exchanges.
Ali Martinez, a prominent cryptocurrency expert, has recently forecasted a potential increase in the price of Bitcoin, suggesting that the crypto asset could reach $86,000 in the near future. This optimistic outlook has generated significant attention in the cryptocurrency community, sparking discussions and speculations about the future of Bitcoin. Martinez’s analysis focuses on key support
Illuvium, a decentralized gaming platform, has recently announced an airdrop program that will distribute 250,000 ILV tokens worth $25 million. This initiative is designed to reward community members and enhance their engagement within the ecosystem. Airdrops are typically used by startups as marketing strategies to distribute free tokens or coins to their target audience. However,
The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong by regulators has prompted discussions about the potential growth of the local ETF market. Bloomberg ETF analyst Eric Balchunas has expressed skepticism about the market’s performance, citing the absence of major players and the possibility of high fees as significant obstacles.
The crypto market has been evolving rapidly, with new innovations and technologies driving the growth of digital assets. One prominent figure in the industry, Willy Woo, a renowned crypto analyst, has put forward a bold prediction for the future of Bitcoin. Woo anticipates that Bitcoin could potentially surge to an astonishing $650,000 as the Spot
In the recent surge of Solana meme coins, Peshi Cat (PESHI) has witnessed an astonishing 120x increase in its price. However, a closer look at the current price trends of PESHI reveals a concerning pattern. The price movements of Peshi Cat seem to be driven solely by speculation and viral traction, lacking any fundamental utility
A recent analysis conducted by crypto exchange Bybit has brought to light a concerning prediction regarding the potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if the current levels of demand persist. The report suggests that reserves could be completely exhausted within the next nine months if the withdrawal rates continue
The cryptocurrency market has been experiencing significant volatility in recent days, with Ethereum, the second-largest cryptocurrency by market capitalization, facing a drastic price drop to lows of $2,800 on April 12. However, amidst the chaos, Ethereum whales, the prominent players in the crypto world, have been making strategic moves that have caught the attention of
Avalon, a Web3 gaming studio, recently secured $10 million in funding with Bitkraft Ventures and Hashed leading the round. This funding aims to accelerate the development of Avalon’s first blockchain gaming title, which is set to revolutionize the world of gaming. The MMO game empowers players to create, share, play, and own their experiences within
Recently, the provincial government of Buenos Aires has taken a stand against Worldcoin, accusing the company of violating consumer laws. The government has pointed out several issues within Worldcoin’s user agreement that are deemed as abusive towards consumers. One of the main concerns raised is the alleged ability of Worldcoin to interrupt services without any
The upcoming fourth Bitcoin Halving has sparked a lot of speculation in the market, with the Lady of Crypto, a market analyst and trader, sharing her insights on the current situation. Despite claims that this bull cycle might be starting earlier than expected due to BTC breaking its all-time high, Lady of Crypto has dismissed
US Senators Elizabeth Warren and Charles Grassley have taken a critical stance on the recent regulatory failures surrounding the interactions between CFTC Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The formal request made by the senators aims to shed light on potential loopholes in the regulatory framework that allowed for the massive
The crypto market has been witnessing increased volatility recently, with concerns about the tense Iran/Israel situation contributing to the bearish sentiment among traders. As Bitcoin struggles to maintain its price levels around $63,000, traders are turning to on-chain micro-cap markets in search of quick gains. However, the uncertainty surrounding global events can have a significant
Ultimeme Fighting Championship (UFC), the latest meme coin to hit the market, experienced a meteoric rise of +27,000%. However, this pump was short-lived as the coin quickly retraced by -82% amid a sell-off by early backers. Despite this significant drop, UFC has found support between $0.0005 and $0.0008, setting the stage for a potential second
In a groundbreaking collaboration, the move-and-earn lifestyle app, STEPN, has teamed up with global sportswear giant Adidas to introduce the limited-edition STEPN x Adidas Genesis Sneakers NFT collection. This strategic partnership signals the start of a long-term relationship between the two industry leaders, promising a series of NFT drops and physical wearable items in the
Dentsu Inc. has recently announced a groundbreaking partnership with Chiru Labs, the creative force behind the Azuki NFT project. Together, they are embarking on a new venture to develop an anime anthology series called “Enter The Garden,” leveraging the unique Azuki IP. Renowned anime director Goro Taniguchi, known for his exceptional work on projects such
Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation,
The recent news of Binance executive Nadeem Anjarwalla facing extradition from Kenya after escaping custody in Nigeria has sent shockwaves through the cryptocurrency community. Anjarwalla’s alleged involvement in the manipulation of the Naira and illicit funds transactions through Binance has raised concerns about the company’s compliance and internal governance. Legal Proceedings and Investigations The collaboration
Bitcoin analyst Willy Woo recently made a bold prediction regarding the potential price of Bitcoin (BTC) in the future. According to him, BTC could reach $91,000 at the bottom of a bear market and $650,000 at the peak of a bull cycle. These staggering figures are based on the full deployment of cryptocurrency exchange-traded funds
Bitcoin experienced a significant drop over the weekend, causing many in the crypto community to question the future of the digital currency. Renowned trader Peter Brandt has offered his perspective on the situation, introducing the concept of an “end run” to describe the current market dynamics. An end run, borrowed from sports terminology, refers to