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FTX Estate Plans Auction for Locked Solana Tokens


Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana (SOL) tokens through an auction, diverging from its previous method of selling at a set price, as announced by Mike Cagney of Figure Markets. This decision follows FTX’s recent sales of SOL tokens...

FTX will auction more locked Solana tokens, says Mike Cagney


Mike Cagney, the former CEO of SoFi, recently talked about FTX’s next move. The CEO revealed that FTX will auction the next lot of locked Solana tokens. During the time of FTX’s demise, the locked Solana tokens made up the largest percentage of its digital assets holdings. Given the boost Solana...

Is Cardano’s new stablecoin a potential game changer?


The main features of the Cardano platform are its high research focus, robustness, and sustainability. As a leader in cryptocurrency, it encourages the development of technologies like smart contracts and decentralized applications. Stablecoins are essential as the backbone of the crypto-ecosystem....

How Bitcoin is making mobile gaming more accessible and rewarding?


Mobile gaming has dramatically transformed the gaming market and successfully captured the world’s attention. However, due to traditional payment methods, mobile gaming also encountered several challenges. Slow processing times and high fees are a few hurdles that are roadblocks to immersive...

Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining


The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of virtual currency schemes that exploit users’ aspirations...

Tether Expands to TON Blockchain With $60M USDT Launch


Tether has partnered with the TON Foundation, launching $60 million of USDT on The Open Network (TON) blockchain as announced at the Token2049 event in Dubai, making TON the 11th largest blockchain out of 16 supproting Tether. This collaboration also introduced the gold-pegged Tether Gold (XAUT)...

Melania Trump Unveils Personalized Mother’s Day Jewelry Plus Solana NFT


Former First Lady Melania Trump has announced a customizable $245 necklace, “Her Love & Gratitude,” to celebrate Mother’s Day on May 12, 2024; the necklace comes with a flower pendant, an adjustable chain, and options for personalization with names, initials, or dates. Buyers...

Tether Integrates USDT on TON Network, Targets 900 Million Telegram Users


Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto addresses. 11 million TON will be distributed among...

Solana Developers Deploy Fixes to Mainnet to Address Network Congestion


Solana developers have successfully pushed a series of fixes to address network congestion issues. On April 15, Solana urged validators to update to v1.17.31, a version that changes how certain validators are treated depending on their stake. Further fixes will be shipped in the coming weeks...

NFT Sales Dip by Over 25% as Bitcoin Dominates a Cooling Market


Recent data over a seven-day period ending April 21, 2024, shows that non-fungible token (NFT) sales have declined by 25.48%, totaling approximately $236.96 million. Bitcoin dominated the NFT market this week, contributing $111.8 million to the overall sales since April 14. NFT Sales Tumble This...

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens


While the BRC20 token economy’s market valuation surpasses $2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery following the launch of the new token standard. The following is a look...

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