Zcash was the leading crypto token on the market cap leaderboards last week. By Tuesday, the coin remained the fifth top gainer among crypto assets behind Aptos (APT) at #4, with Sui (SUI) topping the gains for the week at +57%. ZEC’s 7-day gains Tuesday were +29%, but from trough to peak (between Aug. 5 […]
The Singapore-based cryptocurrency exchange Crypto.com has secured a first-of-its-kind partnership with the Union of European Football Associations (UEFA) Champions League. According to an official announcement, Crypto.com will serve as the official global sponsor of the UEFA Champions League during the multi-year partnership, earning it a spot as the football competition’s first and exclusive crypto platform […]
Crypto algorithmic trading platform and market maker Jump Trading has resumed its ether (ETH) sales, offloading more than 17,000 ETH worth over $46.44 million on Wednesday. An X post by blockchain analytics firm Lookonchain disclosed that Jump Trading claimed the assets from the liquid staking protocol Lido and moved them out for sale in batches […]
Texas-based Bitcoin mining company Core Scientific has announced the pricing of its increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial size of the offering was $350 million, which has been upsized due to favorable market conditions. Scheduled to settle on August 19, 2024, the notes will be issued […]
Coinbase submitted its third comment letter highlighting significant flaws in the US Securities and Exchange Commission’s (SEC) cost-benefit analysis of the proposed rule. The letter argued that the agency has failed to assess the rule’s economic impact on efficiency, competition, and capital formation. Despite acknowledging a lack of critical information on decentralized exchange (DEX) operations […]
Metaplanet announced making yet another significant investment in bitcoin, purchasing approximately $3.3 million (500 million yen) worth of the cryptocurrency. This acquisition involved 57.103 bitcoins, with an average purchase price of 8,756,107 yen per one. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With the latest purchase, […]
Decentralized exchanges are undervalued and gaining traction, with volumes reaching all-time highs. These are the findings of Messari researcher Kunal Goel who said that centralized exchanges (CEXs) are listing tokens too late in a post on X on Aug. 13. He added that they’re becoming a “dumping ground for VCs,” and retail will learn sooner […]
On-chain analysis platform Arkham Intelligence sounded the alarm on Tuesday as $2 billion worth of Bitcoin connected to Mt. Gox moved from a blockchain address connected to crypto exchange BitGo. According to Arkham, a wallet that had received $2.19 billion from the long-defunct Bitcoin exchange began initiating test transactions early Tuesday. The firm said the […]
TL;DR Sui (SUI) saw a 125% weekly increase, driven by the launch of Grayscale’s Sui Trust. Despite strong gains, the high RSI indicates that the asset might be overbought, suggesting a potential correction. The Top Performer Sui (SUI) is among the few leading cryptocurrencies today (August 12), and its price has charted an impressive increase. […]
Paolo Ardoino, Tether’s CEO, is steering the company into venture capital, with a focus on emerging areas like AI, as revealed in his recent interview with WIRED. With billions in reserves, Tether is positioning itself to compete with tech giants such as Microsoft, Google, and Amazon. Tether’s Profit Ventures Since Ardoino took over as CEO […]