The emergence of ERC404, a novel token standard in the blockchain space, has caused quite a stir within the crypto community. Its unique combination of ERC20 and ERC721 properties has propelled it to new heights, with an impressive $87 million in trading volume on decentralized exchanges in just its first week of existence. Additionally, NFT
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Digital asset investment products have attracted significant attention from institutional investors. According to a recent CoinShares report, Bitcoin and Solana emerged as the leaders in institutional inflows. Bitcoin accounted for 99% of all flows into these investment products, with total inflows reaching $703 million. Solana followed at a distance with an inflow of $13 million,
The cryptocurrency market is constantly evolving, and Sponge coin is making waves with its recent relaunch. After the introduction of Sponge V2 on Polygon’s Layer 2 sidechain, the meme coin has seen an impressive rally. In the last 24 hours alone, Sponge has surged by a staggering 69%. This remarkable growth translates to a remarkable
The cryptocurrency market experienced a significant event as Binance, the largest crypto exchange by trading volume, announced the delisting of Monero (XMR) and Multichain (MULTI). This decision sent shockwaves throughout the market, causing both digital assets to plummet in value. The delisting comes as no surprise given Binance’s warning about potential failure to meet listing
Dogecoin, the original meme coin, has encountered significant resistance at the $0.08 level, even after a temporary upward breakout. Unlike other cryptocurrencies in the market, Dogecoin’s trajectory hasn’t followed the same path. However, this hasn’t deterred the network from experiencing growth across various metrics. Although Dogecoin’s value has declined by 23% since its local peak
In a statement on February 5th, Michael Sonnenshein, CEO of Grayscale, emphasized the importance of advocating for the development of a robust listed options market for spot Bitcoin exchange-traded funds (ETFs). While Bitcoin has been trading publicly since 2015 through Grayscale’s GBTC, listed options have not been available due to the absence of an options
The world of Web3 has witnessed a significant breakthrough in the seamless registration of decentralized domain names. Thanks to the recent collaboration between GoDaddy and Ethereum Name Service (ENS), individuals can now effortlessly connect their .eth domains with traditional DNS top-level domains at no additional cost. ENS, also known as Ethereum Name Service, operates as
The South Korean Financial Services Commission (FSC) recently announced significant legislative amendments aimed at tightening regulations surrounding virtual asset business operators. These amendments are designed to enhance compliance and oversight in the rapidly evolving virtual asset sector, with a particular focus on the accountability and duties of crypto executives. One of the central changes introduced
As the flagship cryptocurrency, Bitcoin, continues to trade flat, it appears to be at a crucial turning point. Crypto analyst Eric Krown Crypto offers insights into the key factors that will determine Bitcoin’s next move. By utilizing the Stochastic indicator in a recently posted video on his YouTube channel, Krown examines Bitcoin’s current price and
The recent price action of ADA, the native cryptocurrency of the Cardano blockchain, has shown strong support above the $0.488 level. However, crypto analyst Ali Martinez suggests that this current price performance is reminiscent of a previous pattern in late 2020, which preceded a massive bull run. This article will analyze the potential for Cardano
In the dynamic world of cryptocurrency, Ethereum (ETH), the second largest digital asset, has been making waves with its recent bullish momentum. Market analysts at Altcoin Daily have identified three major factors that could potentially drive up the price of Ethereum in the coming months. With their optimistic insights, they anticipate ETH to reach an
The cryptocurrency market has been witnessing a trend of explosive moves in recent months, with Solana meme coins gaining significant attention. One of the latest coins to skyrocket is SpaceX token, which has experienced a stunning +20,000% move. While this astronomical price pump may seem enticing to some investors, it is crucial to analyze the
Crypto analyst Michaël van de Poppe believes that altcoin season is currently underway. With his extensive following of nearly 700K on X, he suggests that there are only three months left to make entries at value. According to van de Poppe, the period before Bitcoin halving, which is now taking place, is the optimal time
Shrapnel, the much-awaited Avalanche first-person shooter game, has finally arrived on the Epic Games Store for its early access debut. Titled “Shrapnel Training Exercises One” (STX1), this exclusive release is only accessible to those who have purchased the game’s “Extraction Pack” access keys. With the early access launch, players will get to experience limited three-day
Bitcoin, the leading cryptocurrency, is currently experiencing a period of consolidation, leaving many investors uncertain about its future direction. Despite the lackluster price action, on-chain data reveals a significant increase in the number of large holders, or whales, adding to their Bitcoin wallets. This accumulation by whales suggests continued confidence in the cryptocurrency, even amidst
The realm of digital currencies has always been characterized by constant change and evolution. Ethereum (ETH), the second-largest cryptocurrency by market cap, is no exception. In recent weeks, a significant exodus of ETH from centralized exchanges has been observed, indicating a growing preference for holding the asset outside of trading platforms. Data from Coingecko reveals
Cryptocurrency investors were left bewildered when the Mollars.com domain, belonging to the “Mollars Cryptocurrency Project,” was abruptly shut down without any explanation. The unexpected turn of events raised concerns among traders, prompting them to question the actions of NJAL.LA, also known as Njalla, the domain registry company responsible for the hijacking. In an attempt to
Colin Murphy, a close associate of Aiden Pleterski, also known as Canada’s “Crypto King,” was recently handed a 5-month prison sentence for contempt of court. Ontario Superior Court Justice Hugh O’Connell found Murphy guilty of refusing to surrender his iPhone and deleting its data during a search warrant. This article critically examines the case and
Analysts at Coinbase, a prominent cryptocurrency exchange, are optimistic about the future performance of Bitcoin and the overall crypto market in Q2 2024. This positive outlook comes as Bitcoin continues its market recovery, displaying a 3.31% gain in the past week, and surpassing the $43,000 mark. The Coinbase weekly report, released on Friday, highlights the
In the age of digital manipulation and advanced artificial intelligence, the rise of deepfakes has become a pressing concern. A recent incident involving Australian mining magnate Andrew “Twiggy” Forrest underscores the detrimental impact of these doctored videos. With each deceptive advertisement, trust in the media is further eroded, leaving unsuspecting individuals vulnerable to scams. This
Meta’s metaverse unit, Reality Labs, has reported its most successful quarter to date, generating over $1 billion in revenue during the last quarter of 2023. This achievement can be attributed to the strong sales of Meta’s Quest headsets and Ray-Ban Meta smart glasses. However, despite this impressive revenue, the division is still facing significant financial
The Solana blockchain network has been making waves in the decentralized finance (DeFi) space, particularly with the recent Jupiter airdrop. This event has generated significant excitement and has led to a surge in trading activity on Solana-based decentralized exchanges (DEXs), surpassing the trading volume on Ethereum-based platforms. According to data from DeFillama, Solana-based DEXs facilitated
As the price of Binance Coin (BNB) continues to rebound from a recent low, crypto traders are shifting their focus to accumulating a new BEP-20 token ahead of its launch. This token belongs to eTuktuk, a green crypto startup aiming to revolutionize urban transportation in developing countries. eTuktuk has gained significant traction in the crypto
The introduction of Spot Bitcoin ETFs has created a significant buzz in the cryptocurrency market, and they have certainly lived up to the hype. These funds have played a crucial role in driving institutional adoption of Bitcoin, as revealed by recent analysis. One such analysis conducted by on-chain analytics platform Lookonchain provides insights into the
Ramp Network, a fintech company specializing in bridging the gap between the crypto and traditional financial systems, has recently announced the launch of a global on-ramp for the Telos blockchain’s native $TLOS token. This development not only includes users from all around the world but also encompasses users in the United States. This move by
The approval process for spot Bitcoin exchange-traded fund (ETF) options may experience significant delays, according to a recent report by Reuters. The article highlights the need for dual approval from both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and suggests that it could take anywhere from two to
The crypto sphere was abuzz with excitement as spot Bitcoin exchange-traded funds (ETFs) gained the green light. It was expected that this development would lead to a bullish surge in the market. However, contrary to expectations, Bitcoin prices took a downturn following the trading debut of eight of these ETFs. Hovering below $43,000, Bitcoin has