In the realm of cryptocurrency, one of the most intriguing trends has been the rapid rise of meme coins, capturing the attention of both seasoned investors and newcomers alike. The recent activities of cryptocurrency “whales”—individuals or entities that hold substantial quantities of digital assets—underscore the profitability and potential of these seemingly whimsical investments. Among these
Crypto
In an unusual yet impactful saga blending animal rights and the highly volatile world of cryptocurrency, Mark Longo—also known as Squirrel Dad—is taking legal action against Binance, one of the world’s leading cryptocurrency exchanges. Longo claims that Binance has unlawfully leveraged his intellectual property, especially related to his beloved pet, Peanut the Squirrel, highlighting critical
Bitcoin has recently reached a staggering new peak of $106,500, a momentous occasion in its more than 16-year history. This surge, marking an impressive rise close to 200% within the year, is noteworthy not only for its numbers but also for the underlying dynamics driving this growth. Specifically, the activity within what are known as
As 2023 draws to a close, the cryptocurrency landscape is undergoing a notable transformation. The increase in interest particularly after the recent United States presidential election heralds optimism for the upcoming year, especially with predictions suggesting that 2025 will be a pivotal year for crypto. Insights from Nansen, an on-chain analytics firm, detail how institutional
In a significant development within the blockchain ecosystem, EigenLayer has introduced its second EigenLayer Improvement Proposal (ELIP-002), aiming to reshape the operational landscape of its re-staking protocol. This initiative is noteworthy not just for its technical advancements but also for its potential impact on community trust and engagement. By integrating a structured penalty mechanism known
The Ronin blockchain, crafted by Sky Mavis, has witnessed a remarkable resurgence, particularly in the decentralized finance (DeFi) sector, as evidenced by a staggering 149% year-over-year increase in total value locked (TVL). During the third quarter of 2024, the DeFi TVL hit an impressive $147 million, a significant leap from just $59 million in the
Nano Labs, a prominent player in the realm of fabless integrated circuit design, has marked a significant milestone by successfully concluding a private placement round that raised $36.25 million. Initially unveiled in November, this financial maneuver involved the sale of 5,611,459 Class A ordinary shares, each priced at $6.46. The multi-faceted transaction not only highlights
In its end-of-year review for 2024, Robinhood’s cryptocurrency division has showcased its significant growth and expansion over the last eleven months. The company celebrated an important milestone: the first anniversary of its European digital asset trading division. The report boasts impressive figures — a notional trading volume that reached $119 billion, alongside $38 billion in
Bitcoin, the leading cryptocurrency, stands at a pivotal moment as it approaches the daunting $100,000 resistance level. This critical juncture is not simply about numbers; it’s emblematic of broader market sentiment and investor behavior. As of now, Bitcoin has demonstrated a remarkable recovery from a low point around $52,000, establishing a series of higher highs
In the volatile world of cryptocurrency, trends can shift with surprising speed, as demonstrated by the recent leap in the value of Travala’s AVA token. The pivotal moment came with an endorsement from Changpeng Zhao, the former CEO of Binance, which propelled the token’s value to new heights, surging over 300% within a single day.
The release of Electric Capital’s 2024 Developer Report has set the cryptocurrency world abuzz, marking a significant shift in the competitive landscape of blockchain ecosystems. For the first time since 2016, Solana has surpassed Ethereum in attracting new developers, with an astonishing addition of 7,625 developers—an impressive 83% increase year-over-year. This leap underscores Solana’s remarkable
In a telling move for the world of cryptocurrencies, Hunter Horsley, the CEO of Bitwise Asset Management, has shared that a prominent Spanish bank has integrated a noteworthy 2% of its holdings into the Bitwise Aptos staking Exchange-Traded Product (ETP). This development is significant as it indicates a rising trend of traditional financial institutions beginning
Chainlink (LINK) has made headlines by crossing the $29 threshold for the first time in more than three years. This milestone illustrates a robust recovery for the decentralized oracle network’s native token, which has experienced a remarkable 21% price increase over the last week alone. Such gains have positioned LINK among the top-performing altcoins, capturing
In a notable stride towards bolstering the Ethereum ecosystem, the Eigen Foundation has resolved to allocate 1% of its EIGEN token supply to the Protocol Guild. This initiative embodies the collective’s ongoing mission to enhance the research and development (R&D) landscape of Ethereum Layer 1. The Protocol Guild, a consortium comprising over 180 members from