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Mysterious Crypto Trader Burns Over $4.6 Million in Ethereum and Premium NFTs
11.8.2023
In the latest wave of onchain mystery, enthusiasts of the crypto world have been abuzz with talks about an enigmatic address that has been annihilating millions of dollars in crypto assets, as well as blue chip non-fungible tokens (NFTs). Specifically, on July 26, 2023, this very wallet sent 2,500...
BNB Chain Burns Nearly $500M Worth of BNB Tokens
19.7.2023
The burned tokens are now permanently destroyed, which makes circulating tokens more valuable if demand increases
Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem
27.6.2023
While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly...
Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move
9.6.2023
OKX periodically buys back and burns the tokens to gradually reduce their supply on the open market
TRX’s value increases after the DAO burns an old batch of TRX
31.5.2023
TRON DAO recently announced burning its old batch of TRX, adding up to 268,971,097. The development was a part of TRON’s strategy to elevate TRX’s market value. Moreover, the move was made to improve TRON’s overall ecosystem efficiency. The DAO released an official post to inform users about...
Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months
28.5.2023
In the past 21 months following Ethereum’s London hard fork, the network has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion. At present, roughly 3.51 ether is burned every single minute. Standing out as a prominent participant in the burn process since August...
The 13 Best Simpsons: Treehouse Of Horror Segments
24.5.2023
The Simpsons is one of the longest-running TV shows in history, and while the animated FOX series has always tried to shake things up, it does keep one tradition alive: a yearly Halloween episode. But while these tend to be some of the funniest episodes each season, some segments are better than...
LOVESNOOPY Burns 85% of Tokens While Crypto Experts Amass New Eco-Friendly Cryptocurrency In Anticipation of Exchange Listing
24.5.2023
Image by Fareed Mindalano / Playground AI
LOVESNOOPY recently announced a massive 85% reduction in its total token supply through a strategic token burn.
This dramatic move could increase the value of its remaining tokens over time, representing an ambitious maneuver in the volatile...
LUNC Burn Can't Help Terra Luna Classic Price, New Crypto Coin Burns 30% of Token Supply
23.5.2023
The Terra Classic (LUNC) price has been in a downtrend throughout 2023 despite the LUNC coin burn, its total supply still 5.87 trillion tokens.
New cryptocurrency Copium is burning 30% of its supply, aiming to achieve what the former Terra LUNA hasn't. Since the announcement of its token burn...
The view from Paris Blockchain Week 2023: Web3 builds while the city burns
3.4.2023
It was champagne and optimism for Paris Blockchain Week 2023 despite the backdrop of Parisian protests and economic uncertainty
NFT investor accidentally burns CryptoPunk: Nifty Newsletter, March 22–28
29.3.2023
While trying to wrap his CryptoPunk to borrow money, an NFT investor accidentally sent the asset to a burning address, permanently removing it from circulation
NFT investor accidentally burns $135k CryptoPunk trying to borrow money
25.3.2023
While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation
Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC
8.3.2023
Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court...
DeFi Exchange PancakeSwap to Deploy Version 3 on BNB Smart Chain in April, Burns $27M in CAKE
6.3.2023
PancakeSwap V3 will offer new features such as improved liquidity provisioning, competitive trading fees, trading incentives and enhancement for yield farming tools
Tether USDT Gains $1 Billion as Paxos Burns Over $1.8B of Binance USD Stablecoins
15.2.2023
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny
Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure
14.2.2023
The BUSD supply has decreased by more than 6% since Paxos announced on Monday that it would halt issuance due to regulatory pressure
BNB Chain Burns Over $500M in BNB Tokens
17.1.2023
The move was part of the 22nd auto-burn program
‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake
29.12.2022
Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only...
Lucky Block Burns 1% of LBLOCK Supply Again – Pump Incoming?
2.11.2022
Lucky Block, a major NFT competition and gaming platform, is in the news again following yet another token burn program. With the reduced circulating supply and a new community initiative, the platform’s token is set for another pump.
Earlier today, Lucky Block’s developers announced that they...
Binance Burns Over $500 Million of BNB Tokens – Pump Incoming?
14.10.2022
The major crypto exchange Binance on Thursday completed its last BNB token burn for the third quarter, with more than 2 million BNB tokens burned at a value of well over $500 million.
The total amount of tokens burned during the quarter 2,065,152.42 BNB, and was comprised of token burns under...