News

Ethereum Tops $3K, Peaks in 22 Mos Amid ETF Buzz

Ethereum's price crosses the $3,000 threshold for the first time in nearly two years, driven by ETF approval rumors and the anticipated Dencun upgrade, despite the broader crypto market's downturn.

Yagyesh Jaiswal

Ethereum's price soared past $3,000, influenced by ETF approval rumors and the anticipated Dencun upgrade, despite broader market declines and significant trading liquidations.

StarkNet's STRK Token Dips After Massive Airdrop

StarkNet's native STRK token sees a 17% price drop after 1.4 million tokens were airdropped to over 1000 wallets. Read more about the tokenomics and project details.

Yagyesh Jaiswal

The price of the STRK token, which powers the StarkNet blockchain platform, dropped by 17% after over 1.4 million tokens were airdropped to thousands of individual wallets. According to on-chain data, these 1.4 million STRK tokens, worth around $3 million, were distributed equally among 1,361 wallets. However, further analysis showed that nearly all of these airdrop recipients proceeded to consolidate their newly acquired tokens within hours into a single wallet address.

Binance Launches USD-M Mavia Perpetual Contract

Binance introduces USDMavia 50x perpetual contract and adds Starknet to increase options for traders.

Yagyesh Jaiswal

Binance displays its commitment to improving the trading experience through the introduction of a Mavia perpetual contract and the incorporation of Starknet across its exchanges. The updates widen opportunities for participants and demonstrate Binance's efforts to develop innovative products serving the cryptocurrency community. Traders now have increased choice of trading and yield-generating options through the integration of a highly anticipated asset and expanded perpetual contract offering.

UK's Stablecoin & Staking Rules Set for 6-Month Rollout

The UK government is set to introduce new stablecoin and staking regulations within the next six months, aiming to establish the country as a leading hub for cryptocurrency and blockchain innovation.

Yagyesh Jaiswal

The UK government, through Economic Secretary Bim Afolami, announced plans to roll out new regulations for stablecoins and staking services within six months, aiming to enhance regulatory clarity and establish the UK as a global crypto hub.

Chainlink Drives Banking's Asset Tokenization Era

Discover how Chainlink is spearheading the transformation of global banking through asset tokenization, with leading banks already embracing this innovative leap, marking a new chapter in financial technology.

Yagyesh Jaiswal

Chainlink is facilitating the transition of major banks towards blockchain technology and asset tokenization, with key financial institutions already moving from pilot programs to live deployments. This marks a significant shift in the financial industry, setting the stage for a future dominated by digitalized real-world assets.

Sam Bankman-Fried's First Glimpse From Behind Bars

The first photo of Sam Bankman-Fried, founder of collapsed crypto exchange FTX, has surfaced online. Taken in December at the Metropolitan Detention Center in Brooklyn, it offers a rare look at Bankman-Fried's life since his fraud conviction.

Yagyesh Jaiswal

Journalist Tiffany Fong shared the first picture of Sam Bankman-Fried in prison on social media in February 2024, a month after his fraud conviction related to the FTX collapse. The image provides insight into Bankman-Fried's daily existence in the U.S. correctional system as the aftermath of the FTX implosion continues.

FTX Law Firm Accused of Aiding Alleged Exchange Fraud

Creditors of bankrupt crypto exchange FTX have launched a class action lawsuit against Sullivan & Cromwell, accusing the law firm of aiding and abetting founder Sam Bankman-Fried's allegedly fraudulent activities while serving as exchange counsel.

Yagyesh Jaiswal

The legal battle between FTX creditors and Sullivan & Cromwell highlights the precarious position of professional partnerships surrounding controversial industry players. As the primary counsel advising such a prominent exchange, S&C faced obligations to diligence operations and refrain from activities that could enable fraudulent conduct - even if unintentionally.

What Genesis' GBTC Sell-Off Means for the Crypto Market

Coinbase shares its insights on how bankrupt crypto lender Genesis' approval to sell $1.3 billion worth of GBTC shares could impact Bitcoin prices and crypto market flows.

Yagyesh Jaiswal

While the full impact of Genesis' approved GBTC sell-off remains to be seen, Coinbase puts forth a reasonable case that ensuing funds are likely to circulate back into crypto markets rather than flee the ecosystem. As similar situations unfold, analyses of subsequent flow patterns will help determine if such large institutional liquidations principally serve to balance or disrupt crypto price dynamics. Continued mainstreaming of regulated Bitcoin investment vehicles also factors into how future events influence this burgeoning asset class.

Bernstein Predicts Ether ETF Approval Surge

Bernstein's latest report highlights Ether's potential as the next digital asset to receive spot ETF approval from the SEC, emphasizing its unique position in institutional adoption.

Yagyesh Jaiswal

Bernstein's report suggests Ether could be the next digital asset to receive spot ETF approval in the U.S., citing a 50% chance by May. With its upcoming Dencun upgrade and growing interest from traditional finance firms, Ether is well-positioned for institutional adoption.

Sui Surges Past Competitors with $310M Surge in a Month

The Sui blockchain has seen a huge influx of capital in February, rising over $310 million in value locked in just one month and surpassing competitors Aptos and Cardano.

Yagyesh Jaiswal

Sui's dramatic rise in February points to the network coming into its own. After initial challenges, Sui proved itself capable of scaling to heavy demand without network issues. This attracted massive capital inflows that more than doubled value locked in its DeFi apps. Surpassing Cardano and Aptos, Sui now has a solid base to expand upon. As a high-performing Layer 1, continued development and activity could cement Sui as a leader.

Japan Seeks to Expand Crypto Investment Options

A proposed revision to Japanese law could enable local venture capital firms to invest in cryptocurrency and Web3 projects, potentially providing a boost for the country's digital asset sector.

Yagyesh Jaiswal

Japan is considering amending an existing law to expand the types of assets that domestic investment partnerships can acquire. If approved, the changes would permit venture capital firms to directly invest in cryptocurrency and Web3 startups, a welcome development for many local projects that have struggled to secure funding due to regulatory barriers.

Whale Spree Buys $13k of Mollars Pre-Sale Tokens

A cryptocurrency whale has purchased over $13,000 worth of Mollar tokens during their pre-sale, signaling strong backing for the upcoming store-of-value token.

Yagyesh Jaiswal

This sizable investment in the Mollar token presale by an experienced crypto whale investor provides an encouraging signal about the project's potential. By strategically spreading over $13,000 in purchases across multiple transactions, the buyer demonstrated patience and a long-term outlook - suggesting strong belief in Mollar's fundamentals and team. As the presale draws increasing levels of support, it proves the appeal of Mollar's vision as a valuable store of wealth for the digital age.

BTC Surge Triggers $221M Crypto Futures Liquidation

Data shows the crypto futures market witnessed liquidations of $221 million as Bitcoin broke above $51,500, with shorts accounting for over 60% of losses.

Yagyesh Jaiswal

Bitcoin scaling new highs above $51,500 corresponded with over $221 million in crypto futures contracts liquidated as a short squeeze unfolded. Data shows shorts comprised the bulk of losses, highlighting how leveraged positioning can intensify market moves especially during volatile periods like this recent rally.

Aptos and Jambo Partner to Increase Crypto Adoption

Aptos and African startup Jambo have launched the JamboPhone, a $99 smartphone aimed at introducing emerging markets to cryptocurrencies and decentralized applications.

Yagyesh Jaiswal

Blockchain platform Aptos and tech company Jambo has partnered to produce and distribute the affordable JamboPhone smartphone. The phone is pre-installed with cryptocurrency wallet and blockchain apps to offer financial services to unbanked populations and introduce users to web3 technologies.

Yuga Labs Expands NFT Empire With Acquisition Of Moonbirds

Yuga Labs, the company behind the popular Bored Ape Yacht Club NFT collection, has acquired rival NFT company PROOF and its flagship Moonbirds project.

Yagyesh Jaiswal

Yuga Lab's acquisition of PROOF and its Moonbirds collection represents an ambitious expansion move for the leading NFT company. Through this strategic purchase, Yuga Labs has bolstered its talent pool and IP holdings. It now has full control over Moonbirds and plans to introduce new ways for collectors to experience and benefit from the project. The deal provides reassurance during a down market cycle. It suggests Yuga Labs is committed to the continued growth of the NFT space for the long run.

Bittensor Leads AI Crypto Boom

Discover how the AI crypto sector, led by Bittensor, is nearing a $10 billion market cap, transforming the blockchain landscape with innovative AI integrations.

Yagyesh Jaiswal

The AI crypto sector, led by Bittensor, is rapidly approaching a $10 billion market cap, driven by significant gains and innovations in AI blockchain projects, showcasing the sector's potential and investor interest.

Coinbase Q4 Booms, Highlighting 2023 Financial Success!

Coinbase reveals a significant revenue boost in Q4 2023, with a total annual revenue of $3.1 billion, emphasizing its global expansion and institutional onboarding.

Yagyesh Jaiswal

Coinbase reports a strong Q4 performance with a total 2023 revenue of $3.1 billion, emphasizing its global expansion and positive outlook despite the dynamic crypto market.

Crypto Regulations Thwart Jupiter's $2.58M XRP Investment

Jupiter Asset Management had to cancel a $2.58 million investment in 21Shares' Ripple ETP due to divergent crypto regulations in Ireland where the fund is domiciled.

Yagyesh Jaiswal

UK asset manager Jupiter scrapped a multi-million dollar investment in an XRP exchange-traded product due to Ireland's prohibitive crypto rules for investment funds.

Congressman Seeks Answers on Crypto's Role in Terror Funding

U.S. Congressman Tom Emmer pressed Undersecretary Brian Nelson for clarity on claims about cryptocurrency use in terrorism during a recent hearing, as the Treasury Department shared its assessment.

Yagyesh Jaiswal

Congressman Tom Emmer is seeking more information from Treasury Undersecretary Brian Nelson regarding claims of cryptocurrency being used to finance terrorism. Nelson provided the Treasury Department's perspective which contrasts some media reports.

Crypto and Terrorism: Official Clarifies Limited Funding Role

A U.S. Treasury official testifies to Congress, highlighting that cryptocurrency constitutes only a small fraction of terrorist group Hamas' fundraising efforts, contrary to prior narratives.

Yagyesh Jaiswal

Brian Nelson from the U.S. Treasury clarifies to Congress that cryptocurrencies constitute a minor portion of terrorist funding, urging a balanced approach to future regulation and innovation in the crypto industry.

Expected Rise in Bitcoin Mining Difficulty

Bitcoin mining difficulty is set to reach a new peak, indicating heightened competition and network security as US miners face increasing regulatory attention.

Yagyesh Jaiswal

Bitcoin mining difficulty is on track to set a record high, reflecting increased network participation and security. Meanwhile, US miners face regulatory scrutiny over energy use, underscoring the industry's complex landscape.

BTC's role in ransomware attacks raises regulatory concerns

Learn about SEC Chair Gary Gensler's renewed criticism of Bitcoin's alleged role in ransomware attacks and examine the ongoing regulatory debate as BTC reaches new highs.

Yagyesh Jaiswal

SEC Chair Gary Gensler has reiterated his concerns about Bitcoin's role in ransomware attacks in a recent interview. Despite BTC hitting a new all-time high of $52,000, Gensler dismissed its usefulness as a store of value or payment method. The latest comments underscore ongoing regulatory challenges facing cryptocurrency adoption.

Cathie Wood - Only BTC and ETH ETFs Will Gain SEC Approval

Discover the comments from Cathie Wood of ARK Invest regarding her expectations that the SEC will likely only approve Bitcoin and Ethereum ETF applications, not other cryptocurrency ETFs, based on how regulators have classified BTC and ETH.

Yagyesh Jaiswal

Cathie Wood presents a reasoned take on the crypto ETF landscape based on her interactions with financial watchdogs. Only time will tell if the SEC ultimately expands its acceptance of ETFs beyond just BTC and ETH. But Wood's perspective offers a worthwhile framework for investors navigating this evolving space.

Bitcoin Outflows from Coinbase Surge

Recent data shows huge Bitcoin outflows from major crypto exchange Coinbase, a bullish signal according to analysts. What could this mean for Bitcoin price going forward?

Yagyesh Jaiswal

The substantial Coinbase outflow surge highlights deepening involvement from major financial players - a development that bodes well for long-term appreciation of Bitcoin prices based on strengthening fundamentals of rising demand. Monitoring exchange flow analytics may provide clues on bullish potential for this nascent asset class transforming global finance.

Sentencing Delay for Binance co-founder CZ

Discover the details behind the rescheduling of Binance founder Changpeng Zhao's sentencing to April 30, including the charges he faces and the potential implications.

Yagyesh Jaiswal

Binance co-founder Changpeng Zhao's sentencing is postponed to April 30, with potential imprisonment up to 10 years for anti-money laundering charges. Amidst paying a $4.3 billion fine, Zhao stepped down as CEO, highlighting the intense legal scrutiny on crypto leaders.