In a last-minute move before Republicans took control of the US Securities and Exchange Commission (SEC) in January, the agency’s commissioners held a decisive vote on whether to sue Tesla CEO Elon Musk over his delayed disclosure of stock purchases in Twitter, now X. The investigation, which had been ongoing since 2022, focused on Musk’s […]
Dubai-based crypto market maker and investor DWF Labs has announced the launch of a $250 million Liquid Fund aimed at expanding blockchain projects of different sizes. According to a press release shared with CryptoPotato, the fund will provide investments ranging from $10 million to $50 million per project, with a focus on accelerating Web3 adoption. […]
While the crypto market struggles with the ongoing correction, some sectors are still seeing notable development activity. One of them is the decentralized finance (DeFi) space. A tweet by the on-chain intelligence platform Santiment has revealed the top ten DeFi projects by development. These projects include leading entities like the decentralized blockchain oracle network Chainlink […]
In the fourth quarter, Helium’s native token, HNT, saw a 20% quarter-over-quarter (QoQ) decline in circulating market capitalization, falling from $1.3 billion to $1.0 billion. The token’s price dropped by 22%, decreasing from $7.54 to $5.88. Despite the market downturn, the Helium network continued expanding. Growth in Hotspot Adoption According to Messari’s report, Helium Mobile […]
New research has confirmed the accuracy of the blockchain-based prediction platform Polymarket. According to the data collated and analyzed, the project is at least 90% accurate. Alex McCullough, a data scientist based in New York, conducted the research and outlined the results in a dashboard on the market analytics platform Dune. The dashboard tracks Polymarket’s […]
Carl Erik Rinsch, the director of “47 Ronin,” was arrested on March 18 in West Hollywood, California, after being indicted for wire fraud and money laundering. Prosecutors allege that he misused $11 million from a major streaming service, meant for his science fiction television series “White Horse,” on crypto trading. The $11M Fraud According to […]
In the fourth quarter of 2024, the total NFT sales volume across Immutable X and Immutable zkEVM increased by 55.3% quarter-over-quarter. Messari’s latest analysis revealed that the figure rose from $51.2 million to $79.5 million. Market Participation Plummets Despite this growth, both the average daily sellers and buyers declined significantly, with daily sellers dropping 43.0% […]
The past week or so has gone without any major fireworks in either direction, unlike the events from the previous one, and BTC remains stuck at around $84,000. However, the cryptocurrency doesn’t tend to stay steady for long, so this could be simply the calm before the storm. Whale Activity Warning As we have explained […]
A South Korean man who attacked a crypto executive with a weapon during a courtroom trial could be sentenced to 10 years in prison. Prosecutors have sought this sentence for the individual, identified as Mr. Kang, who was charged with attempted murder and disrupting courtroom proceedings after stabbing Mr. Lee Hyung-soo, the CEO of Haru […]
South Korean financial authorities are considering imposing sanctions on several crypto exchanges that have failed to comply with local regulations. According to a report from local media Korea Economic Daily, the crypto exchanges include BitMEX, KuCoin, CoinW, Bitunix, and KCEX. S. Korea to Sanction Crypto Exchanges The Financial Intelligence Unit (FIU) of South Korea’s Financial […]