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LayerZero Flags 800,000 Potential Sybil Addresses, Down from 2 Million Identified Initially
20.5.2024
LayerZero Labs has identified a total of 800,000 addresses as potential sybil addresses, rendering them ineligible for the full token allocation.
The post LayerZero Flags 800,000 Potential Sybil Addresses, Down from 2 Million Identified Initially appeared first on Cryptonews
Solana Leads with 91M Daily Transactions, Surpasses Ethereum: CoinGecko Report
19.5.2024
Solana has proven to be the fastest among large blockchains, processing a staggering 91 million transactions in a single day.
The post Solana Leads with 91M Daily Transactions, Surpasses Ethereum: CoinGecko Report appeared first on Cryptonews
BlockDAG dominates after dashboard update, securing $28 million in presale, while Cardano and Shiba Inu show promise
19.5.2024
As the crypto market shows signs of recovery, Cardano and Shiba Inu are both poised for potential growth, buoyed by positive forecasts and new network enhancements. Amidst these promising developments, BlockDAG has been recognized as one of the most promising investments in the cryptocurrency...
Billionaire Telegram Founder Pavel Durov Holds $7 Million in Notcoin, Pledges to Hold Until 100x
18.5.2024
Pavel Durov, the founder of Telegram, has received a generous donation from over half a million players of the viral Telegram-based clicker game called Notcoin.
The post Billionaire Telegram Founder Pavel Durov Holds $7 Million in Notcoin, Pledges to Hold Until 100x appeared first on Cryptonews
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
18.5.2024
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due...
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
18.5.2024
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due...
‘Big Short’ Investor Michael Burry Goes Hard on Gold, Invests $10 Million in Q1
18.5.2024
Michael Burry, an investor famous for making a fortune by anticipating the 2007 subprime mortgage crisis, made a sizable bet on physical gold. According to regulatory filings, Burry’s Scion Asset Management purchased over 440,000 Sprott Physical Gold Trust units, a closed-end fund that...
‘Big Short’ Investor Michael Burry Goes Hard on Gold, Invests $10 Million in Q1
18.5.2024
Michael Burry, an investor famous for making a fortune by anticipating the 2007 subprime mortgage crisis, made a sizable bet on physical gold. According to regulatory filings, Burry’s Scion Asset Management purchased over 440,000 Sprott Physical Gold Trust units, a closed-end fund that...
Political Donations Hits Record $91M of Crypto Pre 2024 Election
18.5.2024
Crypto industry donors have poured $94 million into federal political committees since 2023 in an effort to support pro-crypto governance.
The post Political Donations Hits Record $91M of Crypto Pre 2024 Election appeared first on Cryptonews
Alex Labs freezes $3.9M of exploited funds sent to CEXs after hack
17.5.2024
The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges
Crypto Whales Are Hoarding This Solana Meme Coin – What Does it Do?
17.5.2024
A presale for Solana’s all-American hillbilly $SEAL token has attracted over $1.4 million in just three weeks as it leads a new wave of Solana meme coins that has caught the attention of investors worldwide. Sealana’s predecessors, meme coins coins like DogWifHat ($WIF), Bonk ($BONK), Book...
Is It Too Late to Buy Fantom? FTM Price Blasts Up 10% as New AI Project Raises $2 Million
17.5.2024
Fantom ($FTM) has outperformed all other Layer 1 tokens this week and risen 10% amidst a flurry of recent activity on the network, with FTM trading at $0.80 at the time of writing.c Crypto’s two biggest coins, also Layer 1 coins, couldn’t keep the pace over the seven days. Bitcoin...
Solayer, a restaking protocol based in Solana, raises $20 million
17.5.2024
A Solana-centric staking protocol known as Solayer amassed $20 million in a mere forty-five minutes while it was still in the process of being introduced. It occurred during the Genesis Epoch 0 phase. This involved limited time, a limited cap, and the assemblage of a fair amount of important...
Solana Meme Coin SLOTH Lists on HTX Monday 20 May at 12pm UTC, is Binance Next?
17.5.2024
Popular and lovable Solana meme coin Slothana ($SLOTH) today announced that it will be listed on top 10 crypto exchange HTX.Trading is set to begin on Monday 20 May at 12pm UTC, with deposits open now, according to the details released simultaneously via an HTX blog and a $SLOTH X post.The exchange...
Solana Meme Coin Marketplace Pump.fun Issues $1.9 Million Exploit Postmortem, Discloses Former Employee Involvement
17.5.2024
Pump.fun, a leading Solana-based marketplace and deployment tool for meme coins, issued a postmortem on the exploit that occurred on May 16. The team stated that a former employee took advantage of its position to misappropriate 12.3K SOL, worth $1.9 million. An X user nicknamed Staccoverflow...
Notorious Pink Drainer retires after hitting $85M theft milestone
17.5.2024
Pink Drainer, infamous for aiding in crypto thefts, decided to shut down operations after amassing over $85 million in stolen assets
Sealana presale hits $1 million milestone – Is it the next PEPE?
17.5.2024
As the wider crypto market has experienced a significant surge today, investors are rushing to find the tokens to invest in ahead of the anticipated bull run. With Solana-based meme coins showing major results over the past few bull runs, the crypto community now waits for Solana’s next 100x...
Binance Collaborates with Taiwan to Resolve Multi-Million Crypto-Assisted Money Laundering Case
17.5.2024
Binance has teamed up with Taiwan's authorities to solve a significant case involving cryptocurrency-assisted money laundering.
The post Binance Collaborates with Taiwan to Resolve Multi-Million Crypto-Assisted Money Laundering Case appeared first on Cryptonews
Legendary Investor Tim Draper Leads Bitcoin Lending Protocol Zest’s $3.5 Million Seed Round
17.5.2024
Draper Associates, the VC firm led by the legendary investor Tim Draper, has led the $3.5 million seed round of Zest Protocol, a Stacks-based Bitcoin lending market. The round, which also had the participation of Binance Labs, Flow Traders, Trust Machines, and others, seeks to allow bitcoin holders...
Solana Meme Coin Marketplace Pump.fun Suffers $80 Million Exploit
16.5.2024
Pump.fun, a Solana-based marketplace and deployment tool for meme coins, has acknowledged suffering an exploit dealing with the bonding curve contracts in its platform. While the protocol is still investigating the matter, it reported that “the TVL in the protocol right now is safe,”...