News

Solana Overtakes BNB, Up 17% in 24hrs, Now 4th Biggest Crypto!

Solana (SOL) has experienced a significant surge, gaining 17% in just 24 hours to become the fourth largest cryptocurrency by market capitalization.

Yagyesh Jaiswal

Solana's recent surge in market capitalization, surpassing Binance Coin (BNB), highlights its growing prominence in the cryptocurrency market. With a 17% gain in just 24 hours, SOL has become the fourth-largest crypto by market cap. The increase in trading volume and open interest further solidifies Solana's position as a leading blockchain platform.

2023 Sees Over 50% Drop in Crypto Hacks: Insights from TRM Labs

2023 marks a substantial decline in crypto hacks, with a 50% drop in total value stolen. Explore the key factors contributing to this decrease and the evolving digital currency security landscape.

Yagyesh Jaiswal

2023 marks a major decrease in cryptocurrency hacks, with a more than 50% reduction in the total value stolen, as per TRM Labs. This decline is attributed to enhanced security protocols, aggressive law enforcement, and increased collaboration within the cryptocurrency industry, leading to a safer and more secure digital currency environment.

Bitcoin Surpasses Ethereum in Record-Breaking NFT Sales

Discover how Bitcoin has outshined Ethereum in the NFT market, achieving over $500 million in sales and redefining its role in the digital art and collectibles space.

Yagyesh Jaiswal

Bitcoin has surpassed Ethereum in NFT sales, achieving over $500 million in transactions and dominating the market. This shift highlights Bitcoin's evolving role in the digital art and collectibles space, reflecting a growing interest and confidence in the NFT market across various blockchains.

Major Legal Decisions Set to Shape the Cryptocurrency Landscape in 2024

Explore the crucial legal decisions facing the cryptocurrency industry in 2024, including high-profile cases involving Coinbase, Binance, and Ripple, and their potential impact on the market.

Yagyesh Jaiswal

2024 promises to be a significant year for the cryptocurrency industry, with major court decisions involving Coinbase, Binance, Ripple, and other key players. These rulings are anticipated to greatly influence the market and regulatory environment, marking a crucial phase in the industry's evolution.

Celsius Liquidates $250 Million in Ethereum and Other Assets

Bankrupt crypto lender Celsius offloads $250 million in digital assets, including Ethereum, to fund new ventures and address financial challenges, impacting the crypto market.

Yagyesh Jaiswal

Bankrupt crypto lender Celsius has sold $250 million in digital assets, including a large portion of Ethereum, to support new business ventures and navigate its financial crisis. This move has temporarily impacted Ethereum's market performance, but analysts remain optimistic about its future growth potential.

Iron Bank Euro's Stablecoin Crisis and the Quest for Repositioning

Iron Bank Euro (IBEUR), a low-cap stablecoin, is facing a crisis after a significant 60% drop in value. This article explores the challenges IBEUR is currently facing in reestablishing its peg and provides insights into potential solutions.

Yagyesh Jaiswal

The stablecoin crisis faced by Iron Bank Euro (IBEUR) highlights the challenges that stablecoins can encounter in maintaining their pegs. The uncertainties surrounding IBEUR's ability to reestablish its peg after a significant value drop raise concerns among investors.

If You're in Crypto, You're a Criminal: Senator Warren's Stance.

Senator Elizabeth Warren takes a strong stance against the crypto industry, labeling all crypto users as criminals. But is this perception accurate?

Yagyesh Jaiswal

While Senator Elizabeth Warren's strong stance against crypto users as criminals may attract attention, it is essential to approach the topic with nuance and consider the diversity within the crypto ecosystem. Responsible regulation can strike a balance between financial safety and fostering innovation in this rapidly growing sector.

Alchemy Pay and Worldpay Join Forces to Enable Effortless Crypto Payments

Discover how the partnership between Alchemy Pay and Worldpay is revolutionizing the world of crypto payments.

Yagyesh Jaiswal

Singaporean fintech Alchemy Pay has partnered with UK-based payment processor Worldpay, allowing Alchemy Pay users to access Worldpay's Visa and Mastercard payment rails for seamless cryptocurrency transactions using their credit and debit cards.

China's Bold Step Towards Web3 Development

Discover how China is leading the way in Web3 development with a strategic document that encompasses NFTs, DApps, cross-chain interoperability, and privacy computing.

Yagyesh Jaiswal

China is set to revolutionize Web3 development with a comprehensive strategic document that covers NFTs, DApps, cross-chain interoperability, and privacy computing.

BlackRock’s Bitcoin ETF Initiative: Paving the Way for Mainstream Crypto Investment

BlackRock's newly named Bitcoin ETF, 'IBIT,' marks a significant milestone in cryptocurrency investment, as the financial giant navigates regulatory challenges to mainstream Bitcoin in the investment world.

Yagyesh Jaiswal

BlackRock's Bitcoin ETF, 'IBIT,' is making headway with its recent SEC filing, signaling a major step in mainstreaming Bitcoin investments. Amidst regulatory challenges, IBIT aims to provide a structured and regulated investment avenue in Bitcoin, with potential to significantly impact the cryptocurrency market and investor behavior.

Grayscale CEO Foresees Massive Wealth Influx with Bitcoin ETF Approval

Grayscale CEO Michael Sonnenshein discusses the potential impact of spot Bitcoin ETF approval, forecasting a massive $30 trillion advised wealth influx into the crypto market.

Yagyesh Jaiswal

Grayscale CEO Michael Sonnenshein anticipates that the approval of spot Bitcoin ETFs could bring a substantial $30 trillion influx of advised wealth into the crypto market. He points to the growing interest among affluent investors and the combined impact of macroeconomic factors and recent legal victories as key drivers for this potential market transformation.

Wall Street's Growing Interest in an XRP Spot ETF

Explore the compelling reasons outlined by Dizercapital's Yassin Mobarak on why Wall Street institutions might soon file for an XRP Spot ETF in the U.S., challenging the SEC and tapping into pent-up institutional demand.

Sjuul Follings

Dizercapital's Yassin Mobarak outlines strong reasons for Wall Street institutions to consider filing an XRP Spot ETF, highlighting the untapped institutional demand and the strategic advantage of being first movers in this space. This move could challenge the SEC and potentially shift the market dynamics for XRP.

SEC's Implicit Acceptance of Ethereum as Commodity, Suggests Bloomberg Analyst

Explore insights from Bloomberg’s ETF analyst James Seyffart on the SEC's approach to Ethereum, suggesting a tacit acceptance of ETH as a commodity rather than a security.

Sjuul Follings

Bloomberg analyst James Seyffart suggests the SEC has indirectly accepted Ethereum as a commodity, not a security, based on its recent actions and lack of legal challenges against the Ethereum Foundation. This stance, alongside Gensler's approach, impacts the legal landscape of Ethereum and the broader cryptocurrency market

Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150M Fine

Read about the landmark settlement between Binance and the CFTC, with Binance paying a $1.5 billion fine and CZ facing a $150 million penalty. Discover the violations and the implications for the cryptocurrency industry.

Sjuul Follings

The approved settlement between Binance and the CFTC represents a significant milestone in the cryptocurrency industry. With Binance agreeing to pay a record-breaking $1.5 billion fine and CZ facing a $150 million penalty, the repercussions of their violations are undeniable. The court order also imposes additional obligations, including enhanced compliance controls and a corporate governance structure, to ensure future regulatory compliance.

Bitcoin Halving 2024: Will BTC Price Reach $69K?

Get the latest insights on the upcoming Bitcoin halving event and its potential impact on the price of BTC in Q1 2024.

Sjuul Follings

As the Bitcoin halving event approaches, the crypto community is filled with anticipation and excitement. The upcoming halving in Q1 2024 has the potential to impact the price of BTC significantly. While experts caution against attributing Bitcoin's price surges solely to halving events, past instances have shown that the halving can be a catalyst for significant price movements.

FTX's New Bankruptcy Resolution Plan to Return Funds

A comprehensive look at FTX's revised proposal to conclude its bankruptcy proceedings, including details on valuing claims, estimated payouts, treatment of key players, and next steps in the process.

Sjuul Follings

By outlining a process for efficiently valuing claims and distributing billions to creditors, FTX's proposal offers the most substantive guidance to date on concluding its high-profile bankruptcy. Addressing critical issues around the treatment of key players like SBF remains integral to determining recovery rates. Ongoing transparency as the plan progresses through legal procedures will help restore confidence shaken by the exchange's downfall.

Tether CEO Details FBI, Secret Service Ties

Tether CEO Paolo Ardoino disclosed more details on the company's collaborations with the FBI and Secret Service in letters sent to US lawmakers, underscoring Tether's dedication to security and compliance.

Sjuul Follings

The letters from Tether's CEO offer valuable insight into the stablecoin issuer's collaborations with key US agencies like the FBI and Secret Service. By maintaining open lines of communication and information sharing, Tether and law enforcement are better equipped to identify and disrupt criminal abuse of the USDT system.

Gensler Hints Grayscale Ruling Forced SEC to Reevaluate Bitcoin ETFs

US SEC Chair Gary Gensler suggests that the recent Grayscale court decision has prompted the regulator to reconsider its approach to Bitcoin exchange-traded funds (ETFs).

Sjuul Follings

The potential reevaluation of Bitcoin ETFs by the SEC, prompted by the Grayscale court ruling, has generated excitement and anticipation within the cryptocurrency community. If approved, Bitcoin ETFs could pave the way for increased institutional participation, liquidity, and mainstream adoption.

SEC rejects Coinbase's Plea for Crypto-Specific Rules

The U.S. Securities and Exchange Commission (SEC) has denied Coinbase's appeal for new regulations specific to crypto assets. SEC Chair Gary Gensler supports the decision, stating that existing laws are applicable to the cryptocurrency sector.

Sjuul Follings

The SEC's denial of Coinbase's request for new crypto rules reflects its stance that the current regulatory framework is capable of handling the crypto market. While this decision may provide some clarity, there are concerns about the lack of specific regulations for the ever-growing crypto industry.

Arbitrum Experiences Partial Outage from Heavy Traffic

The Arbitrum blockchain faced technical issues on December 15th when its sequencer stalled due to a large surge in transaction volume.

Sjuul Follings

The December 2023 Arbitrum outage was brief, it highlighted the ongoing work needed to build robustness into layer 2 architectures. Protocols must plan for unpredictable usage spikes through decentralization, redundant capacity and automatic scaling.

Solana Phones Sell Fast: Traders FOMO for BONK

Discover the surge in Solana phone sales as traders scramble to capitalize on BONK arbitrage opportunities. Get the inside scoop on this trending phenomenon in the crypto market.

Sjuul Follings

The surge in Solana phone sales driven by the pursuit of BONK arbitrage highlights the dynamic nature of the cryptocurrency market. Traders are constantly seeking opportunities to maximize their investments, and the allure of a token airdrop has proven to be a powerful incentive

ZK-EVM: Vitalik Buterin's Plan to Supercharge Ethereum

Vitalik Buterin introduces the enshrined Zero-Knowledge Ethereum Virtual Machine (ZK-EVM), a conceptual architecture aimed at enhancing the efficiency of Ethereum's main chain.

Sjuul Follings

Vitalik Buterin proposes the enshrined ZK-EVM to enhance Ethereum's main chain efficiency. This conceptual architecture integrates advanced cryptographic techniques, improves Layer-2 applications, and prioritizes compatibility and transparency.

Coinbase's Endorsement Spurs BONK Meme Coin's Impressive Rally

Discover how Coinbase's support for BONK, a new memecoin on the Solana network, has sparked a remarkable price surge, positioning it as a rising star in the cryptocurrency market.

Sjuul Follings

Coinbase's addition of BONK to its platform has triggered a significant price rally for the memecoin, propelling it to new heights in the cryptocurrency market. The coin's integration into Coinbase, combined with overall growth in the memecoin sector, positions BONK for potential success and increased investor interest

JPMorgan's Optimistic Prediction for Ethereum in 2024

JPMorgan's latest analysis predicts Ethereum will surpass Bitcoin and other cryptocurrencies in market performance in 2024, driven by the anticipated EIP-4844 upgrade.

Sjuul Follings

JPMorgan predicts that Ethereum will outperform Bitcoin in 2024, driven by the EIP-4844 network upgrade and increasing interest in Ethereum spot ETFs. This prediction, coupled with Ethereum's recent market performance and pending SEC decisions on ETFs, positions Ethereum for potential market leadership.

Ledger Threat: Sushi's CTO Sounds Alarm on dApp Exploit

Sushi's CTO has issued a warning about a possible exploit that could impact various decentralized applications (dApps).

Sjuul Follings

The recent warning from Sushi's CTO highlights the need for increased security measures in the DeFi space. By staying vigilant, following best practices, and prioritizing collaboration, users and developers can protect themselves and contribute to the long-term sustainability of decentralized finance.