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IMF Data Shows Decline in US Dollar Dominance
16.6.2024
Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S. dollar’s share of allocated foreign reserves held by central banks and governments. Economists explained that reserve managers are attracted to nontraditional reserve currencies “because they...
Post-Keynote 2 boom: BlockDAG scoops $49.5M in presale, leaving ApeCoin & Theta in the shade!
13.6.2024
BlockDAG has captured significant interest with its latest Keynote 2, broadcast directly from the moon, which announced the beta release of the X1 Miner app. This pivotal event has propelled BlockDAG’s presale efforts, amassing an impressive $49.5 million and selling over 11.4 billion BDAG...
Terraform Labs settles SEC charges for $4.47B
13.6.2024
One of the biggest collapses in the history of cryptocurrency is finally ending, and Terraform Labs is willing to pay the SEC $4.47 billion. The SEC requested a federal judge in the Southern District of New York to accept the settlement. The new development comes two months after a judicial...
Toncoin (TON) eyes $10 after hitting a new ATH
13.6.2024
Toncoin recently breached the milestone of $7.64, which has triggered speculation about a new level of $10. While a tentative timeline has not been drawn, it is expected to happen anytime soon. Two important factors—the golden cross pattern and the growth of the network—support this. TON’s...
Pixelverse raises $5.5M from leading VCs to fund global expansion of Web3 gaming movement
13.6.2024
Pixelverse, the emerging entertainment studio and game ecosystem, has closed a funding round led by tier-1 VC funds and prominent founders from across the gaming and Web3 space. A total of $5.5M was raised to fund the growth of the Pixelverse gaming ecosystem that has attracted over 15 million...
MoonPay announces PayPal fiat on-ramp for UK and EU
12.6.2024
MoonPay noted that PayPal is the third-most commonly used payment option in the United States, behind Apple Pay and traditional bank cards
Ripple Completes Acquisition of Standard Custody & Trust Company
12.6.2024
Ripple has completed its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. This acquisition, announced by Ripple earlier this year, involves a trust company regulated by the New York Department of Financial Services. It broadens Ripple’s portfolio...
Grayscale Bitcoin ETF witnesses outflow amounting to $121 million
12.6.2024
Grayscale Bitcoin ETF witnesses an outflow of $121 million following a selling exercise of 1,800 BTC. From the time the bitcoin ETF received consent, the selling of assets has reached the figure of 335,000 BTC, whereas, in the case of different suppliers, they are noting down figures about inflows....
US Spot Bitcoin ETFs reverse 19-day inflow streak with $65M outflows
11.6.2024
The US Spot Bitcoin ETF had an inflow streak of 19 days before it came to an end this Monday. That is when the market saw an outflow of $64.93 million. Nevertheless, the streak was the longest since the approval of Bitcoin ETFs and has showcased its capabilities. The eleven ETFs collectively...
DeFi project Hydration will receive $14.4M from Polkadot Treasury
11.6.2024
Polkadot Treasury has allocated 2 million DOT tokens. They were worth approximately $14.4 million. The DeFi project Hydration has benefited from the allocation, which aims to improve liquidity and efficiency. Omnipool is a liquidity provisioning platform that operates on a single-sided basis....
Bitcoin eyes $89,200 as Fed Rate cuts decision looms
10.6.2024
As the Federal Reserve’s decision on potential rate cuts approaches, market analysts are closely watching its impact on Bitcoin (BTC) prices. The anticipation of a more accommodative monetary policy has fueled speculation that Bitcoin could soon reach a new local high of $89,200. The Federal...
Arbitrum DAO invests $222 million in gaming ecosystem growth
10.6.2024
The Arbitrum Decentralized Autonomous Organization (DAO) has recently increased its stake in the Ethereum layer-2 gaming sector through a large investment. The DAO has agreed to invest 225 million ARB tokens, or approximately $222 million, in the development of the gaming industry over the next...
Sky Mavis extricates $5.7M, stolen from Ronin Bridge
10.6.2024
Sky Mavis has successfully managed to retrieve $5.7 million about the stolen amount from Ronin Bridge in 2022, with $40 million remaining. This was made possible with the assistance of the Norwegian official bodies. Regarding the balance amount, the strategy for retrieving it is awaited....
Bitcoin dips below $70k, keeps bullish hopes alive for a rebound
10.6.2024
Bitcoin was previously teased to climb the ladder and reach closer to $84,000. That didn’t happen, but what has happened has signaled the potential for a rebound. Interestingly, it is a dip below the mark of $70,000. Industry experts believe that the dip has brought the opportunity...
Orbit Chain hacker moves $48 million online via Tornado Cash
10.6.2024
The hacker behind the theft of $48 million from Orbit Bridge has returned to the scene with the intention of transferring the funds using Tornado Cash. Incidentally, the figure hacked has now reached the value of $121 million, having passed a substantially long period. For those who...
The road to $0.0001: Will Bitgert make it this bull run?
10.6.2024
Experts from the crypto market believe that the market has reached its bottom and things will only get better from here. Bitcoin is back to $71K and is holding the mark steadily. Bitgert, one of the investor’s favourite tokens has been constantly growing throughout the dips and correction...
Kraken gears up for an IPO with a $100M fundraising target
7.6.2024
Kraken, one of the world’s largest cryptocurrency exchanges, is making strategic measures in advance of its highly anticipated initial public offering (IPO). The company aims to raise $100 million in a final fundraising round before going public, signaling a major milestone in its growth...
HULK meme coin lost $15 million in market cap
7.6.2024
The HULK meme coin lost roughly $15 million in market capital. This happened after Hulk Hogan, a WWE wrestler, first allegedly promoted the Solana-based meme token and then deleted those posts. The market cap dipped in a matter of minutes, plummeting from $17 million to $2 million. HULK’s...
Whales move 318M XRP tokens as it retains $0.52 support
7.6.2024
XRP tokens have a bearish sentiment prevailing at the moment. The token has dropped by 0.58% in the last 24 hours. It is listed at $0.5226. This has not stopped whales from increasing their activities. A wallet routed two separate transactions to move the token to Bitstamp and Bitso. The first...
Speculations are rife regarding Bitcoin breaking the $74K mark
6.6.2024
With Bitcoin prices hovering around $74,000 this month and with increased demand, rumors are circulating that it will shatter its own record in the upcoming days. According to certain analysts with QC Capital, there is a strong demand for bitcoin call option purchases in the current month, pointing...