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Solana token launch last month was roughly half a million


As the desire to create a successful memecoin and the reduced barriers to entry became more prevalent, creators launched nearly half a million tokens on the Solana blockchain in May.  The previous month saw the development of 455,000 tokens on Solana. In comparison, there were 177,000 tokens...

Coinbase donates $25 million to Fairshake’s super PAC


Coinbase has contributed $25 million towards Fairshake’s super PAC, meant to finance the political campaigning of crypto-inclined congress nominees. This gesture follows similar contributions made by Ripple and a16z to the tune of $25 million to Fairshake recently. The super PAC has now received...

Bitcoin miner balances drop under the 1.81 million BTC bracket


Bitcoin miner balances dropped below the 1.81 million BTC bracket following the halving, and the figure is the lowest for some time now. This signifies an economic struggle after the halving.  Bitcoin miner balances have been on a roller coaster ride for a while now. The balance pertaining to miner...

After $7 million hack, Velocore offers bounty to hacker


Velocore, which is a decentralized exchange, is defrauded of $6.8 million as a result of a vulnerability in the smart contracts that manage its liquidity pools. Incidentally, the exchange functions on the Telos as well as on the zkSync, Era, and Linea blockchains.  Since there was a flaw in...

Whales buy $112 million Dogecoin as market sentiment dips


According to a crypto analyst, whales have decided to mobilize and accumulate an impressive amount of Dogecoin (DOGE), which is a recent and rather exciting event in the world of cryptocurrencies. The unexpected acquisition, which took place over 72 hours, involved 700 million DOGE, or roughly $112...

Penguiana Doubles Market Cap to Over $2.5 Million Ahead of GUIANA NFT Mint


Penguiana, the distinctive penguin-themed meme coin on the Solana blockchain, continues to captivate the crypto community, achieving a new milestone by doubling its market cap to over $2.5 million according to Dexscreener. This surge in valuation underscores the strong investor confidence...

Crypto losses: $200 million in 2024 due to hacks, rug pulls


Recently, in the year 2024, the cryptocurrency industry has experienced a rapid increase in financial damages due to the frequent occurrence of cyberattacks such as hacks and rug pulls. Immunefi, a blockchain security firm, disclosed that 32 confirmed attacks resulted in losses exceeding $200...

Bitdeer Announces $100 Million Investment From Tether


On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future. Bitdeer and Tether Forge...

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