Cryptocurrency
El Salvador Secures $1.6B for Bitcoin City Port Transformation
El Salvador has secured a historic $1.6 billion investment from Turkish company Yilport Holdings to transform a key port into the future home of its ambitious Bitcoin City project. This...
South Korea Mandates Insurance for Closed Crypto Exchanges
South Korea’s Financial Supervisory Service (FSS) now requires defunct cryptocurrency exchanges to obtain insurance to safeguard user assets. This measure comes as part of a wider initiative to bolster investor...
Coinbase CLO Pleads for Court Relief in SEC Document Standoff
American-crypto exchange Coinbase is pushing back against the Securities and Exchange Commission (SEC) in their ongoing legal dispute. The company is seeking crucial documents from the SEC through a discovery...
Only 66% of ETH Addresses in Profit: Time to Sell or Hold?
IntoTheBlock, a market intelligence platform, reports that just 66% of Ethereum addresses are currently profitable. This drop has pushed many holders into the red, with profitability levels not seen since...
Key U.S. Economic Data to Watch This Week: Impact on Crypto
The US economy is under the microscope this week, with a slew of key economic data releases to impact not just traditional markets, but the crypto space as well. Market...
CRV Soars 36%: Inflation Reduction and Community Drive Rally
Curve DAO’s native token (CRV) has been making waves after an impressive 36.8% gain in the past seven days. This surge has drawn the attention of investors and analysts alike,...
80% Down, But Not Out: Is XRP Poised for a Monumental Surge?
XRP has faced numerous challenges since its all-time high in January 2018. At the moment, XRP is trading below 80% of its historical value and remains in a rather volatile...
EIP-1559 & Ethereum: Low Fees, Less ETH Burn, Price Impact
Ethereum has seen a decline in gas fees, reaching record lows not seen since mid-2019. This decline reflects a period of reduced network congestion, impacting transaction costs for users across...
IRS’s New Crypto Tax Form: Less Privacy Concerns, More Clarity
The Internal Revenue Service (IRS) has released an updated draft of Form 1099-DA, a key development for brokers reporting the sale and exchange of digital assets starting in 2025. This...
Santa Monica Goes Big on Bitcoin with New City Office
Santa Monica city council unanimously approved the launch of an official “Bitcoin Office.” The aim is to build upon the city’s interest in exploring Bitcoin’s potential, both as an investment...
Ethereum Price Slides as $870M in Withdrawals Loom
Ethereum is currently facing a significant surge in withdrawals, with around 143,000 ETH—valued at approximately $350 million—set to become available within 12 hours. Additionally, 212,000 ETH, including rewards from validators...
Cboe Withdraws Application for Options on Spot BTC ETF
Cboe, the world’s largest options exchange, has withdrawn application for options on spot Bitcoin exchange-traded funds (ETFs), causing a stir in the crypto asset space as Bloomberg analyst James Seyffart...
CFTC Lawsuit: Alameda’s $12.7B Order and $352K Worldcoin Transfer
Embattled crypto firm Alameda Research has transferred 205,387 Worldcoin (WLD) tokens, valued at approximately $352,000, to the cryptocurrency exchange Binance. This transaction marks the first movement of Worldcoin assets held...
Supreme Court Postpones Do Kwon’s Extradition to South Korea
The Supreme Court of Montenegro has postponed the extradition of Do Kwon, the co-founder of Terraform Labs, to South Korea. The decision comes after the Supreme State Prosecutor’s Office (VDT)...
FTX Settles CFTC Lawsuit, Agrees to $12.7 Billion Payout
A pivotal development in the ongoing FTX bankruptcy saga emerged as New York Judge P. Kevin Castel approved a consent order requiring the defunct crypto exchange and its sister company,...
DePIN’s Blockchain Evolution: Is Solana Still the Best Choice?
The Decentralized Physical Infrastructure Networks (DePIN) sector is experiencing explosive growth, with fundraising volume increasing 296% year-over-year and market capitalization surging 400% to reach $20 billion. This meteoric rise highlights...
Toncoin (TON) Debuts on Binance: Can It Reach $20?
Leading crypto exchange Binance has added Toncoin (TON) to its platform, the native token of the Telegram-developed TON blockchain, opening trading on August 8, 2024. Deposits are already open, with...
Investing in Cardano: What to Expect After the Chang Hard Fork
Cardano is on the cusp of a transformative upgrade with the impending Chang hardfork. While the Cardano (ADA) token is currently down 13.43% over the past week, the community anticipates...
CoinShares Alum Demirors Raises $75M for New Crypto VC Fund
Meltem Demirors, a prominent figure in the cryptocurrency sector, has launched Crucible Capital, a new venture firm aiming to raise $75 million across two funds. Known for her influential role...
August Economic Outlook: CPI, PPI, FOMC, & Jackson Hole
August 2024 is shaping out to be a decisive month for key economic indicators and policy discussions, with the release of the Producer Price Index (PPI), Consumer Price Index (CPI),...
Altcoin Market Watch: Algorand Shows Promise
Algorand’s (ALGO) price action is showing signs of resilience this week, outperforming the broader crypto market according to crypto analyst Jonathan Morgan. Algorand’s price rebounded sharply, signaling a potential bullish...
Bitcoin Bull Run: On-Chain Data Signals Surge
On-chain data suggests a potential Bitcoin (BTC) rally may be on the horizon, according to several crypto analysts. Whale activity indicates a possible return of Bitcoin to its all-time high,...
Nexera Loses $1.5M, Axie Infinity Hit for $9.85M in Separate Exploits
A security breach on the on-chain order book protocol Nexera has resulted in an estimated loss of $1.5 million, as reported by Cyvers Alerts. The exploit involved an unauthorized address...
KuCoin Launches GemPool: Flexible Staking and Early Access to Emerging Crypto Projects
KuCoin, a leading global cryptocurrency exchange, has launched GemPool, an innovative crypto staking platform that enables users to acquire token airdrops as a reward for staking their crypto assets. This...
Ethereum Block Construction: Buterin’s Latest Update
Ethereum co-founder Vitalik Buterin recently took to social media platform X (formerly Twitter) to share an update on the ongoing Ethereum block construction research, indicating that it is nearing completion....
