On May 28, on-chain analysts observed that Mt. Gox distributions appeared to be underway. Around 42,900 BTC worth around $2.9 billion was being moved at the time though there could be as much as $6 billion worth. Analyst James Check said that the Mt. Gox event is going to be “a fantastic case study for […]
[PRESS RELEASE – Hong Kong, Hong Kong, May 28th, 2024] Term Structure, a non-custodial fixed-income protocol that provides fixed rates, fixed terms, and peer-to-peer borrowing and lending on Ethereum, is excited to announce significant updates and upcoming features as it gears up for the upcoming Mainnet launch. These developments demonstrate Term Structure’s commitment to revolutionizing […]
Friend.tech co-founder, pseudonymously known as Racer, has hinted at leaving Base, an Ethereum Layer-2 network launched by Coinbase in 2023 that supports the platform. Following the news, Friend.tech’s token fell sharply and is now trading at $1.02, with a 31.4% drop over the past day. Racer Hints at Departure From Base Racer posted on X […]
The value of the Normie (NORMIE) token sunk by 99% within three hours after it was victim to a smart contract exploit, which temporarily dropped its market cap from $42 million to $200,000. Following the exploit, the developers of the Base meme coin are in discussions with the individual responsible for the incident to reclaim […]
[PRESS RELEASE – Majuro, Marshall Islands, May 27th, 2024] Multipool, a leading innovator in the blockchain and cryptocurrency industry, concludes its Fjord Foundry LBP with a sell out of all 5 million tokens. With the close of the LBP, Multipool launched their native token, $MUL, on Uniswap V3 today with a market cap of $13M. […]
Crypto markets have remained relatively inactive over the weekend, maintaining gains made last week in the wake of spot Ethereum exchange-traded fund approvals in the United States. This week will see the release of more economic data such as consumer confidence and gross domestic product indicators. Economic Calendar May 27-31 Monday is Memorial Day in […]
Toncoin (TON), the native token of The Open Network blockchain, has emerged as one of the most popular Layer 1 cryptocurrencies. Since the beginning of 2024, its price has outperformed Bitcoin by a staggering 118%, as per the latest analysis by CryptoQuant. The on-chain analytic company has now stated that while US traders appear to […]
The controversial Worldcoin project has faced yet another setback. Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), ordered the Worldcoin Foundation to halt all its operations in the region, citing that its practices violate local privacy regulations. The PCPD released a statement this week revealing that Worldcoin had collected […]
Prominent US-based cryptocurrency exchange Coinbase announced the launch of a new initiative called ‘Tech Against Scams’ along with industry leaders Meta, Ripple, Gemini, Kraken, Match Group, and GASO. This coalition aims to tackle online fraud and financial schemes while simultaneously protecting and educating users, highlighting that scams are a tech-wide issue, not restricted to social […]
Over the week, ether (ETH) received a large share of crypto investors’ attention as anticipation intensified about approvals for its spot exchange-traded funds (ETFs). While the crypto asset rallied significantly as the market waited for the U.S. Securities and Exchange Commission’s (SEC) decision on the ETFs, CryptoQuant analysts identified on-chain dynamics that could trigger major […]